U. S. Naval Academy.
Annapolis, Jan’y 7th, 1881.
Gentlemen:
The enclosed report is respectfully submitted of the receipts and expenditures of the Institute from Jan. 7th, 1880, to Jan. 7th, 1881, showing a balance on hand at this date of $ 601. 04; of this amount, there will be required 8 150.00 for the prize and medal to be awarded to the writer of the successful paper on the “ Naval Policy of the U. S.”; and about $ 190.00 for printing the last number of the Proceedings for 1880, (which is now in the hands of the printer) which will leave a balance of about $ 261. 00 in the hands of the Treasurer, after the settlement of all accounts belonging to 1880.
There is due the Institute from one hundred and three members who have not yet paid their dues for 1880, $ 309.00.
Respectfully,
JAMES P. SPRAGUE,
Treasurer U. S. N. I.
Amounts Received
by the Treasurer of U. S. Naval Institute from Jan’y 7th, 1880 to Jan’y 7th, 1881.
Bal. on hand, Jan’y 7th 1880, $ 525 70
Dues received from various Branches, 410 76
“ “ at Annapolis, 783 00
Amount “ for Advertisements, 48 00
“ “ “ Life Commo. Morris, 76 00
“ “ “ Proceedings, 11 75
$ 1855 21
Amounts Expended
Bills paid for Printing Committee, $ 1048 62
Postage paid on Proceedings, and for officers of Institute, 69 14
Paper, Envelopes and Blank Books, 42 00
Expenses of the various Branches, 67 67
Freight and expressage, 26 74
$ 1254 17
Cash in hands of Treasurer to balance, 601 04
$ 1855 21