To the Officers and Members of the Institute:
Gentlemen:—I have the honor to submit the following report for the year ending December 31, 1896.
ITEMIZED CASH STATEMENT.
Receipts during Year 1896.
Items. | First | Second | Third | Fourth | Totals. |
Dues | $585 00 | $706 89 | $335 51 | $360 51 | $1987 81 |
Subscriptions | 197 34 | 156 57 | 156 45 | 160 92 | 671 38 |
Sales | 111 50 | 53 25 | 136 00 | 20 92 | 321 67 |
Interest on bonds | 96 33 | 9 00 | 55 53 | 9 00 | 169 86 |
Advertisements | 113 75 | 120 00 | 152 50 | 57 50 | 443 75 |
Binding | 14 00 | 14 05 | 8 85 | 11 00 | 47 90 |
Life membership fee | 30 00 | . . . | 30 00 | 30 00 | 90 00 |
Premium on money orders | 40 | . . . | 53 | . . . | 93 |
Credit | 50 | . . . | . . . | . . . | 50 |
Sale of check | . . . | . . . | 17 00 | . . . | 17 00 |
Totals | $1148 82 | $1059 86 | $892 27 | $649 85 | $3750 80 |
Expenditures during Year 1896.
Items. | First | Second | Third | Fourth | Totals. |
Printing | $6 50 | $541 72 | $1201 54 | $382 15 | $2131 91 |
Salaries | 300 00 | 300 00 | 300 00 | 300 00 | 300 00 |
Postage | 39 13 | 46 53 | 50 46 | 36 68 | 172 80 |
Expressage | 5 37 | 4 80 | 2 75 | 3 50 | 16 42 |
Freight and hauling | 2 04 | 6 58 | 4 42 | 3 50 | 16 54 |
Binding | 13 00 | 20 80 | . . . | . . . | 33 8 |
Stationery | 7 84 | 38 35 | 95 | 1 25 | 48 39 |
Office expenses and furniture | 1 55 | . . . | 3 00 | 41 00 | 45 55 |
Telegraph and telephone | 15 | 89 | 40 | 25 | 1 69 |
Prize | 100 00 | . . . | . . . | . . . | 100 00 |
Gold Medal | 15 50 | 2 00 | . . . | . . . | 17 50 |
Rebates | . . . | 10 70 | . . . | 93 | 11 63 |
Insurance | . . . | 8 40 | . . . | . . . | 8 40 |
Purchase back No. and check | . . . | 1 00 | 17 00 | . . . | 18 00 |
Purchase D. C. bonds R. F. | . . . | . . . | . . . | 110 75 | 110 75 |
Totals | $491 08 | $981 77 | $1580 52 | $880 01 | $3933 38 |
Summary.
Balance of cash unexpended January 1, 1895................ $4423 99
Total receipts for 1896................................................... 3750 80
Total available cash, 1896.................................................. $8174 79
Total expenditures......................................................... 3933 38
Cash unexpended January 3, 1897................................ $4241 41
Cash held to credit of reserve fund..................................... 59 14
True balance on hand January 1, 1897.......................... $4182 27
Bills receivable for dues 1896............................................ 651 00
‘‘ “ “ back dues............................................. 856 75
“ “ “ binding 22 00
“ “ “ subscriptions.......................................... 52 50
“ “ “ sales....................................................... 12 43
“ “ “ advertisements..................................... 137 50
Value of back numbers (estimated).................................... 2000 00
“ “ Institute property............................................. 100 00
$8014 45
Reserve Fund.
United States 4 per cent. Consols, registered................. $900 00
District of Columbia 3.65 per cent, registered bonds....... 2000 00
“ “ coupon bonds........................................... 650 00
$3550 00
Cash in bank uninvested.................................................. 59 14
....................................................................................$3609 14
Membership.
The membership of the Institute to date, January 1, 1897, is as follows: Honorary members, 5; life members, 109; regular members, 570; associate members, 190; total number of members, 874.
During the year 1896 the Institute lost by death, resignations and dropped, 45 members. 35 new members’ names were added to the rolls—17 regular, 6 associate, 4 life members; 3 regular members became life members—one, the prize essayist.
Members Deceased Since Last Report.
Honorary Members.
Jones, J. D., 1896.
Life Members.
Tyler, George W., Lieut.-Commander, U. S. Navy, Feb. 17, 1896.
McGiffin, Philo N., Captain, February 11, 1897.
Regular Members.
Stevens, Thomas H., Rear-Admiral, U. S. Navy, May 15, 1896.
Cooke, A. P., Captain, U. S. Navy, September 7, 1896.
Newell, John S., Commander, U. S. Navy, September 3, 1896.
Crocker, F. W., Commander, U. S. Navy, October 31, 1896.
Gillpatrick, Commander, U. S. Navy, October 10, 1896.
Babcock, William C., Lieutenant, U. S. Navy, March 11, 1896.
Coffin, J. H. C., Lieutenant, U. S. Navy, January 4, 1897.
Baker, C. H., Chief Engineer, U. S. Navy, May 6, 1896.
Mercer, Samuel, Captain, U. S. Marine Corps, July 22, 1896.
Associate Members.
France, J. R., November 6, 1895.
McClymont, E. E., December 29, 1895.
Pratt, N. W., March 10, 1896.
The Institute had on hand at the end of the year the following copies of back numbers of its Proceedings:
[TABLE]
1 Vol. X., Part x, bound in half morocco.
Very respectfully,
H. G. Dresel,
Lieutenant, U. S. Navy, Secretary and Treasurer.