TREASURER’S REPORT. 
It is with imich regret tliat I am obliged to I'eport a considerable 
deficit at the end of the fiscal year. A deficit is alwa^ys iin])leas- 
ant, but in the present case it is doubly so, from the fact that it 
was hoped the Boston Exhibition would not only leave the Society 
out of debt, but with a balance in the treasury. Everything was 
done that could be done to render the Exhibition a success, and 
so far as reputation is concerned, the Society has reason to feel 
proud of it, as all visitors spoke in terms of the highest praise. 
The financial failure is neither the result of any lack of care on 
the part of the Executive Committee, iior is it owing to any 
unwarranted expenditures. Eveiy effort was made to economize, 
and besides the Secretary, Messrs. Scott, Graham, Webster and 
Lucas, who were in attendance during the Exhibition, bore their 
oAvn expenses. The Exhibition was advertised daily in the 
Advertiser, Globe, Herald, Post, Transcript, and Traveller, and 
ill addition, by 100 large posters, 2,000 half-sheet hangers, and 
10,000 flyers. Fortunately the greater part of the Society's 
indebtedness is held by members, and if the annual dues are 
promptly paid, they will be sufficient to meet the outstanding 
portion. It is much to be regretted that the deficit renders it, 
for the moment, imj^ossible to furnish medals to those members 
to whom they were awarded. This is the more unfortnnate as 
several wrere new mend3ers. Since Mai’ch 20, 1882, dues and 
contributions from members of the Society have been received, 
sufficient to cancel the bill of the Express Printing Co. Prof. 
M. A. Ward, of Bochester, has kindly given $18.05 towards the 
payment of the bill of Bochester Printing Co. 
If the friends of the Society will only contiune to stand by 
it in the future, as they have in the |)ast, the present state of 
affairs will be of comparatively short duration, and I trust that 
another year will see the Society, if not entirely free from debt, 
at least a long way on the road towards it. 
Bespectfully submitted, 
EBEHEBIC . 
BocMr:sTEB, A. A., March 20, 1882. 
LUCAS, 
TrenKtwei' 
