THE RETROSPECT OF THE YEAR. 167 



Treasurer's Eeeort. Keceipts and expenditures of 

 the past year (Condensed from account presented). 



RECEIPTS. 



For balance of last year's account $588 27 



" legacy from thelate Dr. J. A.Emmerton, . . . $10,000 00 



" interest of the manuscript fund, 59 56 



" " " " Derby Fund, 31 60 



Amount to be invested, $10,091 16 



" assessments of members, $903 00 



♦' income of invested funds 2,674 37 



" sale of publications, 425 05 



" amount from other sources 175 91 



Net income, $4,178 33 



$14,857 76 

 EXPENDITURES. 



By investment of legacy from Dr. J. A. Emmerton, , . $10,395 94 

 " amount added to deposit of manuscript fund, . . . 59 56 



*• " " " " " Derby fund, ... 31 60 



Amount invested, $10,487 10 



'• salaries of secretary, assistant-librarians and janitor, . $1,765 00 



'* cost of publications and printing, 1,052 94 



" costofbooks, • 133 81 



" cost of fuel, 225 75 



'• paid Salem Athenaßum, portion of repairs and expenses, 279 28 



" cost of postage, expressage. stationery, etc., . . . 247 04 



" premiums of insurance , . 38 50 



" city tax on barn, 22 40 



" annuities, accompanying legacies, 210 00 



Net expenses, $3,974 72 



Balance casli on band, 395 94 



$14,857 76 

 June 14, 1889. Respectfully submitted, 



Geo. D. P HIPPEN, Treasurer. 

 Examined and approved, 



K. C. Manning, Auditor. 



INVESTMENT OF THE FUNDS. 



For purposes of income, (cost), $61,227 96 



•' occupancy, viz., " The Essex Institute Building," 



first cost, 14,000 00 



" repairs and improvements thereon, .... 14,370 69 



The Ship Rock and land as on books, .... 100 00 



$28,470 69 



Total investment, $89.698 65 



Salem, June 14, 1889. Examined and Ibuud to agree with the securities, 



R. C. Manning, Auditor. 



