New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-02-19
THE AMERICAN INSTITUTE QUARREL.

THE AMERICAN INSTITUTE QUARREL.
Az EXCITED AND DIsoRDERLY MEETING-TWo RE-
PORTS PRESENTED IN RELATION TO THE LAST
PAIR-THE MAJORITY REPORT, SHOWING A
PROFIT, ADOPTED.
An adjourned meeting of the American In
sntue was held evening in the rooms OF the Geo
graphical Society at the Cooper Union Though mem
bers only admitted tie attendance was very large
The meeting opened with Orestes Cleveland in the
chair The first important business the reading Of
the majority report Of the special committee in relation
20 the disposition OF the fuOds realized from the late
exhibition. 1t as follows:
GENTLEMEN: We beg leave respectively 10 report the
statement Of Trustees and Board of Direction, laid
before you at the last annual meeting showing ths sum
OF $4,000 a. paid by the managers OF me ate ExhoOn'
The following statement hope, Will be fuIiy under
stood simple facts taken from the books OF the lnst
fue and TreasuTer's report Rece pts from Exhibition
t6s TOS co. expenditures Ss6ls ~ surplus, s20O9O D.
This amount paid 10 the Treasurer o., The Institute
OF NewYOrk by act granting funds TO agricultural ana
other societies holding exhibitions or iairs You WI
year 1874 has been taken IN connection with expenses OF
the Exhibition We now pLopose 70 insert TIE figures
Pad insurance and ground Sg4 81
HTdrsnt steam pump CIOton $50 50
Jssitor AOH w
ro....................................s2os g5 q
psooct IS 800 $500 $3.50 90
81 OF
This amount TO be taken from the amount received
from toe managers OF the Exhibition: ~ IN
Add psd Treasurer SOU W
Ada purchase money Brtbuea Building z2S %
ADA OneQuss salary Superintendent AID CerS 2%9o W
SO 81
Taking no of interest on the purchasing ana
diving full credit for receipts frOm the ExhiOton,
credit balance remains Of S529 TO- Tss balance VIII De
required for bills unpaid. II plain the money
received from the Exhibition paid the above stated
expenses. During the Exhibition about 5oO receiTed
from would not nave been likely TO have Oeen
collected at any other time the entire receipts were
CrRus n. LOUTREls
c. II. DELANATaR,
EDWARD SCHBLL,
Al the close Of the reading. DR.. Rich made motion
Mat the minority report should be heard, which was
carried. despite long and bitter opposition. II was
FEB. 10. 1875
GENTLEMEN: As member OF the Committee OF Five,
appointed the annual meeting the An inst 10 ex
enc Fory-third Fair presented at that meeting dis
eenting views OF majority OF said Committee
I beg leave 10 submit the accompanying statement
taken books Of the Institute showing tDat IN
stead of a profit beng mad, as many Of the
members supposed, there Will be an actual
SExhibition Buldlngd having exceeded the
amount received from its rental from the
managers aud 10 be received from the State, ~
mis- difference between the report OF the majority ana
my statement arising principally the salary item,
they giving OnefOrth CT the o. paid 20 the Su
chat whole is Incurred for tha OBJECT arts
ing from fact that superintendent would not nave
appOin If the building had been hired Tor me
use tue Fair instead OF having been owned by the
Institute.
Accompanying this report was the following account