85th Annual Report for the Pennsylvania Academy of the Fine Arts
Item
Title
85th Annual Report for the Pennsylvania Academy of the Fine Arts
Identifier
1890-AR.pdf
Date
1890
Creator
Pennsylvania Academy of the Fine Arts
Subject
annual report
finance report
school report
exhibition
history
Publisher
The Pennsylvania Academy of the Fine Arts' Dorothy and Kenneth Woodcock Archives
Medium
paper
Format
PDF
Source
The Pennsylvania Academy of the Fine Arts' Dorothy and Kenneth Woodcock Archives
Language
eng
Rights
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extracted text
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. . . ';,.:;.----......------............,..-- ---
,, - -......- - - - r...............
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--:-..:......;.;...--.~.-~.-~' -~-~--,.---.
~-.'------..,...
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83~
'I
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I
f,
, ANNUAL REPORT
February ,gd,
1890
-~
::{
.,
EIGHTY -THf,RD
REPORT
OF THE
PENNSYLVANIA ACADEMY
OF THE
FINE ARTS
(FOUNDED 'I805)
PHILADELPHIA
GLOBE PRU.iTING HOUSE, II2 AND 114 NORTH TWELFTH STRE E'F
I
. 18 90
"
,
,
1890-1891.
President: GEORGE S. PEPPER.
Vice-President: WILLIAM S. BAKER.
HENRY C. GIBSON,
CLARENCE H. CLARK,
WILLIAM B. BEMENT,
WILLIAM S. BAKER, ,
EI?WARD H. COATES,
E o' BURGESS WARREN,
I
, Directors,
CHARLES HENRY HART,
JOH;N H. 'PACKARD, M.D.,
HENR Y WHELEN, JR.,
. 'J OlIN H. CONVERSE,
CHARLES HARE HUTCHINSON,
AL~XANDER BIDDLE.
Committee on Academy Property.
WILLIAM B.. BEMENT,
JOHN H. CONVERSE,
HENRY C. GIBSON.
.
, '
'Committee on Fina1ut.
CLARENCE H . CLARK,
HENRY I WHELEN,
ALEXANDER BIDDLE.
JR.,
Committee on Instruction.
H. COATE$,
CHARLES HENRY HART"
JOHN H. PACKARD, M.D.,
, WILLIAM S. BAKER,
CHARLES HARE HUTCHINSON.
Committee on Exhib·i#ons.
CHARLES HENRY HART,
E. BURGESS WARREN,
WILLIAM B. BEMENT,
JOH)'f H.PACKARD, M.D.,
CHARLES ;HARE HUTCHINSON.
TreaSurer, . . . . . . . . ' . • . . . . HENRY WHELEN, JR.
Secretary, . . . . . • . • • . . . . " GEORGE CORLISS.
Curator of the School .a nd Librarian;. . I . H. >C. WHIPPLE .
.
SCHOo.~ DEPA~TMENT-~889~I890.
Instructors in Drawi~g, Painting } . .
and Mode/mg,
.
. . .
Instructor in Drawing and Painting ,
instructor in Artistic Anatomy; . •
Instructor- in Composition, '
· TI:I0MA:~ P. ANSHUTZ,
· JAMES P. KELLY.
· CHARLF;S H. STEPHENS.
· W. W. K:j3:EN, M.D.
· FRANK L. KIRKPATRICK.
Correspondence on matters connected with the school should 'b e addressed to
.
Mr. H. C. WHIPPLE, Curator.
'O,F THE
l
"
~,
•
' ;FE~~1JARY
5. I889,
I
\
'
TO FEBRUARY
I
3,
1890 ~
I
tH~ history of the, AGadetny du~ing the ,pas~ year involve,s
nothing d~manahlg:. especial notice outside the customary ' ,
qivision,s
fhe' 1"epbrt; 'e xc€pt the , follow~flg 'pie~, e of 'g ood for- ,'
tune whjch caine too late to be recorded ,in the Balance Sheet.
',' T~ ' h'is b~oad scheme of public ben~fi'cen~e, the late
@. ,
I'
'of
36d:i«6
fllJfffio.m60n remenibered the Acadeiny by .a l~gacy, of $20,000.
This amount,' less the coUateral inheritance tax of $ I ;000, has :
alr~(ady be~~ received from th~ Executors: It will be an im:.: '
, p6rtant addition to tHe Endowment 'Fl!lnd"whkh; it' is ,h oped,
win continue to increase and enable the Academy, to· enlarge , its .
field 'o f usefulness. ,
I'·
1
I
Since 'th~, ~ast annual I meeti~g the
been made
to the
.
'.
'
ART PROPERTY.
t~rra cotta pprtrait ' b'U$t of John , Sartain (form,@rly Se,c retary of the Academy, and for many yep.rs ,one of its m,o st
active Di'rectors), modeled from: life in I889.
Pr~s,ented by the ssuip~or, FRA~Z EN;GDAHL.
4
Three pain~ings purchased from the 59th Annual Exhibition
. for the TEMPLE COLLECTION, viz.:
Fruit and Art Objects-T¥illz'am M Brown.
Lowland Woods, " Morning. "-Charles Lin/ord.
Sappho-George ,Wzlloughby Maynard. '
LIBRARY ANn. PRINT COLLECTION.
The set of , chromo-lithographic reproductions of old masters
published by the Arundel Society, presented to the Academy
by MR. HUTCHINSON, now comprises 183 numbers, including the
regular publications for 1889. By the further liberality of the
do~or, these, are all framed, s'o that they may be hl;lng and made
readily accessible to visitors during a great part of the year.
Acknowledgment must also be made to the CITIZENS' COMMITTEEOF THE CONSTITUTIONAL 'CENTENNIAL CELEBRATION 'Of
1887, for i,t valuable 'illustrated history of the celebration, in two
volumes.
Catalogues, reports and other pamphlets, received from the
following persons and institutions, are hereby acknowledged
with thanks:
Messrs. William S. Baker.
Charles Henry Hart.
George W . Linil1ger, Omaha.
. H. Teubner, Jr.
Miss' Idil M. Wilson.
Baltimore-Peabody Institute . .
Maryland Institute.
Boston...:.,..Bo'ston Art Club.
Museum of Fine Arts.
Brooklyn Art Club . .
Chicago-Art Institute of Chicago.
Art Committee, Inter-State Industrial Exposition.
Cincinnati Museum Association.
Detroit Museum
Art.
Montreal, Art Association o[ .
New Haven Sketch CIl.;lb.
of
5
New Y 0rk~American Art Association.
American Water Color Society.
Institute for Artist Artisflns. '
Philadelphia--'-Art Club of. '
Pennsylvania Museum and School of Industrial Art. '
Philadelphia Sketch Club.
"
-School of Desig~ for Women.
"
Social Science Association.
RouQ.9 Lake, N : Y.-George vve's t Museu'ri1 of Art anla
,
. Arcli~ology.
EXHIBITIONS.
, THE '59TH ANNUAL EXHIBITIO'N, being in -progress at
. the time of the last annual meeting, was not fully reported. To
what was then .stated may now be 'a dded the following: ,
The Jury of Selection and Hanging Committee was composed
of the f~llowing Artists:
MILNE RAM;;EY, Clzairmalz.
.CARL WEBER,
C. ,PHILIPP WEBER,
FREDER,ICK J. WAUGH,
STEPHEN PARRISH, ,
Secretary.
In the' Architectural Department valuable assistance was given
by the following Auxiliary Committee:
'EDWARI( HuRST BROWN, } Appointed by Philadelphia Chapter of
FRANK MILES DAY,
American Instit,u te of Arehitects.
AMOS J. BOYDEN,
, } Appointed by the
T. RONi:y WILLIAMSON,
T Square Club.'
Three paintings were purchased from this' exhibition f~r the
Temple Collection, 'as shown in the article on Art Property.
The total expenses, of the Exhibition : were
. $3,355. 26
Receipts;
3,060.20
I
Loss,
To which should be, added the reduction made in profits o~ General Exl-ybition account, estix,nated at '
'
592.6~
"-
Total net loss (estimates;l),
$887·74
: THP: 6QT~ ANNUAL EXHIBITION, now,in ,progress, ~as
opened the pu1::llit ;' jaquarf '30th,' and wiH close Matth 6th. " "It,
, has been received with decided favor, and due credit for the selec~:,
,. , "' tion 'I'and arra,n gement 0f'.thMeiXhibits ,is given t~ th~ following ' ,)'
gertlemen :
,
.
,
" ,.J-ziry of Selection and,, 'Hq,nging.
to
"
I
,
J
I
"
"
'
I.
.
,
, " THE PRIZES ' th1
uis
far awarded ate:
Gold Temple'Medal to , Willi',ltn H. Howe , '
: for No. 98" 'H R:.eturri ~f the ,he,
r d at evel1irig:.'~
!
Silve.r Temple Medal to ,E dward E.Simmons
.
f6r 'NO. "'I'90",.' ,S f:.: r ves iBay; 'Cornwall;,at ,S'unset."
,, ' I' '"
i
Charles TOpPa11c Prize'S. , See Schoo~' 'D'epartrrH~nt.
. "t . , " "
. Further :informa,~ion ' regardi'p g this ,E~hib~ti,Sl n ,mNst l1;e~~ssq.~ilX ,: '. "
be postponed.
" '
':;'
' , '., "
' , ' . "',
", ',; "I', [N GTE : :-Sin~,~
an, mi~l " n~e~ti~g 'tp.~ ',#,a~y $.mi~h , prize ~a~ "
been awarded ,to Alice 'B arber f?r No.8, Portptit.] '
,
I
,
I
j
t
I
I
,
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:tte
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SCHOOL DEPAI~TM~~T.
The following changes have o~curred ,i'n th~ 'staff of lnstruct~e last rel,lort: Mr. Gilchrist and , Mr. Uhle have '
"resigned, and their work has been HiviCied mainly between' Mr.
'Anshtitz and 'Mr. I;Celly, the former taking the Portrait Class.
, Mr. Alexander Stirling Calder succeeds Mr. Whiteside as
Detrr~ms~~ator of AryatqII).Y; , ,
'
I,
The Composition 'Class, ,whi!Zh '\"Vas so active last seas,o n under :
'M-r. Gilchrist, 'is, continued with increasing interest under Mr.
,'. iFrank L. Kirkpatrick,.
,,
"
:' I "
, , .1 , , '
~'J,
The students' contributions to the ' Annual Exhibition ' this
year haveoeen separ.ated entirely from th~ general collectio~, in
' the ~atalogue' as well as on the walls; f\.nd ; (heIr selection 'and
'?-rrangement h;;.ye been transferred ,' froni the .Jury of Sele~tion
and Han'g lngCommittee .t t:>, the' C~mmittee 011. Instructfon-a
'charige th~t has proved €juite .satisfactory t p b~th Cot1linlttees. '·
, The exhibit made by the students is quite ~nt~resting, ,and it
" gives evidenc'eof ~al!~est study and' e~rnest ,instructicm. /': '.
.
I
tprs siBce
I
J
1',
'Fhe,: Ch'ades Toppan \Prizes have 'been awarded as follows:
First Priz~--':$2oo.Q0---'t~ H,ugh H. Breckenridge, Jr., ;
fOF No. 471, Portrait. ,
'
'
,
Second Prize~$ IOO.OO~to Willia~ l Ed~undson
,for No. 476, Po'rtrait. ,
~
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•
•
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BALANCE SHEET,PENNSYLVANIA ACADEMY OF THE FINE ARTS.
JANUARY I,
DR .
. Real Estate, Broad and Cherry Streets, .
. $478,009 18
Art Property, . . . . . . . . .
. 211,063 85
Library and School Property, . . . . .
2,617 19
Investment in Pemia. Academy of the Fine Arts~Bonds, 24,000 00
Penna. Academy Bonds (held by T(!mple Trust),
. 60,000 00
Penna. Academy Bonds (held by Gilpin Trust), . . , 18,000 00
Lehigh Valley" 7 per cent. Bonds . . . : ,< . $8,000
New England Loan & Trust Co.,Western Mtge., 2,500
Held for Toppan Fund, • . . . . .' .-. - - - 10,500 00
Penna. 5 per cent. Loan (held for Smith Fund), . . .
2,000 00
Peerless. Brick Co. Bonds, . . ' . . . . . . $20,000
Phila. & Reading, General Mortgage, 4 per cent., 5,000
Richmond & Danville Equipment Trust,
. 5,000
Mortgage Fort Scott, . . . : . . . . . .. 20,00C!
Sioux City Municipal Bonds, . . . . . . .
. 10,000
Penna. R.R: 4-per cent. Equipment Trust,
. 25,000
Cairo & Fulto~, 1st Mortgag(!, 7 per cent.,
. 10,6'00
St. Louis, 1. M. & S. A. Br. do. .
. ~ . 5,000
Held for Endowment ~~nd, . . . "- - - - 100,000 00
Penna. R. R. 4 pel cent. Equipment Trust, .
7,000 00
Miscellaneous, . . . : 4 1 3 59
Cash, in various Funds, . .. . . . . . .
14,7 26 3°
$928,330
1890.
Capital Stock,
. -$447,5°0 00
Subscription, .
1,000 00
Surplus,
130,872 61
Old Stock,
12,850 00
Mortgage S. W. Cor. Broad and Cllerry Streets,
102,000 00
100,000 00
Endowment Fund, ' .
'.
Phillips Bequest, . . . . . . . . . ~ . . .
12,000 00
60,000 00
Teillple Ttu~t Fund, ;: . . .' . . . . . . •
Temple Trust. Fund Il,1come for Pictures and Medals,
6,223 7,8
Gilpin Trust Fund, . ~ . . . . • . . . .
26,7 2° ' 59
Charles Toppan Prize Fund, .' . . . . . -.
10,500 00
81 43
Charles Toppan Prize Fund Income account,
2,000 00
M~ry Smith Prize Fund,. . : . . . .
100 00
Mary Smith Prize Fund Income account,
Neill Bequest,.
8,4 81 7°
Bills Payable, ' .' . . . . . . . . . . . . . .\ • . 8,000 00
II
[OVER.]
$928,330
II
\0
l
PROFIT -AND LOSS BAL"ANCES.
DECEMBER
)1, 1889.
DR.
59th Annual Exhibition (1889), .
Instruction,
Taxes, . .
- .•....
Interest,
. . • • • •
Expenses of Phillips' Collection and Library,.
General Expenses, . ~
House Expenses, . . -.
Art Property Expenses,
-.
$295 06
2,493 90
9 19 84
5,119 65
600 00
(639 "75
471 23
4. 0 5
Vereskhagin Exhibition, . . • • . . • • • . . . .
Gene~al Exhibition,. . -. . . • ; . • • . . _ . .
Academy Rents (against which are' $323.88 cbarges in
General -Expenses account), . ' • . . •
Transfer. Fees, . . ••- . . • • > • _ . • • • , • •
Income from Funds for General Expenses:
Ter'nple, . .
- . $1,800 00
GiIpin,. . .
1,320 03
• 5,175 00
_Endowment,
$95 6 63
2,43 1 14
- 2,044 30
14 25
....
o
8,295 ' 03
Income (or Phillips' Collection arid Library,
Sundry Small Accounts, . . . . .. . . . .
Balance-Net loss,
$16,540 4 8
.•• _
60000
9 1 67
$14,433 02
2, 10 7 4 6,
$16,540 4 8
--~~~
~
"
'
~
~
~
,I
,
'.'
"
....;.-::--....;.----"=--------------.
. . . ';,.:;.----......------............,..-- ---
,, - -......- - - - r...............
.........-
..
--:-..:......;.;...--.~.-~.-~' -~-~--,.---.
~-.'------..,...
,
,
,
83~
'I
•
I
f,
, ANNUAL REPORT
February ,gd,
1890
-~
::{
.,
EIGHTY -THf,RD
REPORT
OF THE
PENNSYLVANIA ACADEMY
OF THE
FINE ARTS
(FOUNDED 'I805)
PHILADELPHIA
GLOBE PRU.iTING HOUSE, II2 AND 114 NORTH TWELFTH STRE E'F
I
. 18 90
"
,
,
1890-1891.
President: GEORGE S. PEPPER.
Vice-President: WILLIAM S. BAKER.
HENRY C. GIBSON,
CLARENCE H. CLARK,
WILLIAM B. BEMENT,
WILLIAM S. BAKER, ,
EI?WARD H. COATES,
E o' BURGESS WARREN,
I
, Directors,
CHARLES HENRY HART,
JOH;N H. 'PACKARD, M.D.,
HENR Y WHELEN, JR.,
. 'J OlIN H. CONVERSE,
CHARLES HARE HUTCHINSON,
AL~XANDER BIDDLE.
Committee on Academy Property.
WILLIAM B.. BEMENT,
JOHN H. CONVERSE,
HENRY C. GIBSON.
.
, '
'Committee on Fina1ut.
CLARENCE H . CLARK,
HENRY I WHELEN,
ALEXANDER BIDDLE.
JR.,
Committee on Instruction.
H. COATE$,
CHARLES HENRY HART"
JOHN H. PACKARD, M.D.,
, WILLIAM S. BAKER,
CHARLES HARE HUTCHINSON.
Committee on Exhib·i#ons.
CHARLES HENRY HART,
E. BURGESS WARREN,
WILLIAM B. BEMENT,
JOH)'f H.PACKARD, M.D.,
CHARLES ;HARE HUTCHINSON.
TreaSurer, . . . . . . . . ' . • . . . . HENRY WHELEN, JR.
Secretary, . . . . . • . • • . . . . " GEORGE CORLISS.
Curator of the School .a nd Librarian;. . I . H. >C. WHIPPLE .
.
SCHOo.~ DEPA~TMENT-~889~I890.
Instructors in Drawi~g, Painting } . .
and Mode/mg,
.
. . .
Instructor in Drawing and Painting ,
instructor in Artistic Anatomy; . •
Instructor- in Composition, '
· TI:I0MA:~ P. ANSHUTZ,
· JAMES P. KELLY.
· CHARLF;S H. STEPHENS.
· W. W. K:j3:EN, M.D.
· FRANK L. KIRKPATRICK.
Correspondence on matters connected with the school should 'b e addressed to
.
Mr. H. C. WHIPPLE, Curator.
'O,F THE
l
"
~,
•
' ;FE~~1JARY
5. I889,
I
\
'
TO FEBRUARY
I
3,
1890 ~
I
tH~ history of the, AGadetny du~ing the ,pas~ year involve,s
nothing d~manahlg:. especial notice outside the customary ' ,
qivision,s
fhe' 1"epbrt; 'e xc€pt the , follow~flg 'pie~, e of 'g ood for- ,'
tune whjch caine too late to be recorded ,in the Balance Sheet.
',' T~ ' h'is b~oad scheme of public ben~fi'cen~e, the late
@. ,
I'
'of
36d:i«6
fllJfffio.m60n remenibered the Acadeiny by .a l~gacy, of $20,000.
This amount,' less the coUateral inheritance tax of $ I ;000, has :
alr~(ady be~~ received from th~ Executors: It will be an im:.: '
, p6rtant addition to tHe Endowment 'Fl!lnd"whkh; it' is ,h oped,
win continue to increase and enable the Academy, to· enlarge , its .
field 'o f usefulness. ,
I'·
1
I
Since 'th~, ~ast annual I meeti~g the
been made
to the
.
'.
'
ART PROPERTY.
t~rra cotta pprtrait ' b'U$t of John , Sartain (form,@rly Se,c retary of the Academy, and for many yep.rs ,one of its m,o st
active Di'rectors), modeled from: life in I889.
Pr~s,ented by the ssuip~or, FRA~Z EN;GDAHL.
4
Three pain~ings purchased from the 59th Annual Exhibition
. for the TEMPLE COLLECTION, viz.:
Fruit and Art Objects-T¥illz'am M Brown.
Lowland Woods, " Morning. "-Charles Lin/ord.
Sappho-George ,Wzlloughby Maynard. '
LIBRARY ANn. PRINT COLLECTION.
The set of , chromo-lithographic reproductions of old masters
published by the Arundel Society, presented to the Academy
by MR. HUTCHINSON, now comprises 183 numbers, including the
regular publications for 1889. By the further liberality of the
do~or, these, are all framed, s'o that they may be hl;lng and made
readily accessible to visitors during a great part of the year.
Acknowledgment must also be made to the CITIZENS' COMMITTEEOF THE CONSTITUTIONAL 'CENTENNIAL CELEBRATION 'Of
1887, for i,t valuable 'illustrated history of the celebration, in two
volumes.
Catalogues, reports and other pamphlets, received from the
following persons and institutions, are hereby acknowledged
with thanks:
Messrs. William S. Baker.
Charles Henry Hart.
George W . Linil1ger, Omaha.
. H. Teubner, Jr.
Miss' Idil M. Wilson.
Baltimore-Peabody Institute . .
Maryland Institute.
Boston...:.,..Bo'ston Art Club.
Museum of Fine Arts.
Brooklyn Art Club . .
Chicago-Art Institute of Chicago.
Art Committee, Inter-State Industrial Exposition.
Cincinnati Museum Association.
Detroit Museum
Art.
Montreal, Art Association o[ .
New Haven Sketch CIl.;lb.
of
5
New Y 0rk~American Art Association.
American Water Color Society.
Institute for Artist Artisflns. '
Philadelphia--'-Art Club of. '
Pennsylvania Museum and School of Industrial Art. '
Philadelphia Sketch Club.
"
-School of Desig~ for Women.
"
Social Science Association.
RouQ.9 Lake, N : Y.-George vve's t Museu'ri1 of Art anla
,
. Arcli~ology.
EXHIBITIONS.
, THE '59TH ANNUAL EXHIBITIO'N, being in -progress at
. the time of the last annual meeting, was not fully reported. To
what was then .stated may now be 'a dded the following: ,
The Jury of Selection and Hanging Committee was composed
of the f~llowing Artists:
MILNE RAM;;EY, Clzairmalz.
.CARL WEBER,
C. ,PHILIPP WEBER,
FREDER,ICK J. WAUGH,
STEPHEN PARRISH, ,
Secretary.
In the' Architectural Department valuable assistance was given
by the following Auxiliary Committee:
'EDWARI( HuRST BROWN, } Appointed by Philadelphia Chapter of
FRANK MILES DAY,
American Instit,u te of Arehitects.
AMOS J. BOYDEN,
, } Appointed by the
T. RONi:y WILLIAMSON,
T Square Club.'
Three paintings were purchased from this' exhibition f~r the
Temple Collection, 'as shown in the article on Art Property.
The total expenses, of the Exhibition : were
. $3,355. 26
Receipts;
3,060.20
I
Loss,
To which should be, added the reduction made in profits o~ General Exl-ybition account, estix,nated at '
'
592.6~
"-
Total net loss (estimates;l),
$887·74
: THP: 6QT~ ANNUAL EXHIBITION, now,in ,progress, ~as
opened the pu1::llit ;' jaquarf '30th,' and wiH close Matth 6th. " "It,
, has been received with decided favor, and due credit for the selec~:,
,. , "' tion 'I'and arra,n gement 0f'.thMeiXhibits ,is given t~ th~ following ' ,)'
gertlemen :
,
.
,
" ,.J-ziry of Selection and,, 'Hq,nging.
to
"
I
,
J
I
"
"
'
I.
.
,
, " THE PRIZES ' th1
uis
far awarded ate:
Gold Temple'Medal to , Willi',ltn H. Howe , '
: for No. 98" 'H R:.eturri ~f the ,he,
r d at evel1irig:.'~
!
Silve.r Temple Medal to ,E dward E.Simmons
.
f6r 'NO. "'I'90",.' ,S f:.: r ves iBay; 'Cornwall;,at ,S'unset."
,, ' I' '"
i
Charles TOpPa11c Prize'S. , See Schoo~' 'D'epartrrH~nt.
. "t . , " "
. Further :informa,~ion ' regardi'p g this ,E~hib~ti,Sl n ,mNst l1;e~~ssq.~ilX ,: '. "
be postponed.
" '
':;'
' , '., "
' , ' . "',
", ',; "I', [N GTE : :-Sin~,~
an, mi~l " n~e~ti~g 'tp.~ ',#,a~y $.mi~h , prize ~a~ "
been awarded ,to Alice 'B arber f?r No.8, Portptit.] '
,
I
,
I
j
t
I
I
,
I
I ,
:tte
I
I
I,
IJ
~
,
I
SCHOOL DEPAI~TM~~T.
The following changes have o~curred ,i'n th~ 'staff of lnstruct~e last rel,lort: Mr. Gilchrist and , Mr. Uhle have '
"resigned, and their work has been HiviCied mainly between' Mr.
'Anshtitz and 'Mr. I;Celly, the former taking the Portrait Class.
, Mr. Alexander Stirling Calder succeeds Mr. Whiteside as
Detrr~ms~~ator of AryatqII).Y; , ,
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The Composition 'Class, ,whi!Zh '\"Vas so active last seas,o n under :
'M-r. Gilchrist, 'is, continued with increasing interest under Mr.
,'. iFrank L. Kirkpatrick,.
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The students' contributions to the ' Annual Exhibition ' this
year haveoeen separ.ated entirely from th~ general collectio~, in
' the ~atalogue' as well as on the walls; f\.nd ; (heIr selection 'and
'?-rrangement h;;.ye been transferred ,' froni the .Jury of Sele~tion
and Han'g lngCommittee .t t:>, the' C~mmittee 011. Instructfon-a
'charige th~t has proved €juite .satisfactory t p b~th Cot1linlttees. '·
, The exhibit made by the students is quite ~nt~resting, ,and it
" gives evidenc'eof ~al!~est study and' e~rnest ,instructicm. /': '.
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tprs siBce
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'Fhe,: Ch'ades Toppan \Prizes have 'been awarded as follows:
First Priz~--':$2oo.Q0---'t~ H,ugh H. Breckenridge, Jr., ;
fOF No. 471, Portrait. ,
'
'
,
Second Prize~$ IOO.OO~to Willia~ l Ed~undson
,for No. 476, Po'rtrait. ,
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BALANCE SHEET,PENNSYLVANIA ACADEMY OF THE FINE ARTS.
JANUARY I,
DR .
. Real Estate, Broad and Cherry Streets, .
. $478,009 18
Art Property, . . . . . . . . .
. 211,063 85
Library and School Property, . . . . .
2,617 19
Investment in Pemia. Academy of the Fine Arts~Bonds, 24,000 00
Penna. Academy Bonds (held by T(!mple Trust),
. 60,000 00
Penna. Academy Bonds (held by Gilpin Trust), . . , 18,000 00
Lehigh Valley" 7 per cent. Bonds . . . : ,< . $8,000
New England Loan & Trust Co.,Western Mtge., 2,500
Held for Toppan Fund, • . . . . .' .-. - - - 10,500 00
Penna. 5 per cent. Loan (held for Smith Fund), . . .
2,000 00
Peerless. Brick Co. Bonds, . . ' . . . . . . $20,000
Phila. & Reading, General Mortgage, 4 per cent., 5,000
Richmond & Danville Equipment Trust,
. 5,000
Mortgage Fort Scott, . . . : . . . . . .. 20,00C!
Sioux City Municipal Bonds, . . . . . . .
. 10,000
Penna. R.R: 4-per cent. Equipment Trust,
. 25,000
Cairo & Fulto~, 1st Mortgag(!, 7 per cent.,
. 10,6'00
St. Louis, 1. M. & S. A. Br. do. .
. ~ . 5,000
Held for Endowment ~~nd, . . . "- - - - 100,000 00
Penna. R. R. 4 pel cent. Equipment Trust, .
7,000 00
Miscellaneous, . . . : 4 1 3 59
Cash, in various Funds, . .. . . . . . .
14,7 26 3°
$928,330
1890.
Capital Stock,
. -$447,5°0 00
Subscription, .
1,000 00
Surplus,
130,872 61
Old Stock,
12,850 00
Mortgage S. W. Cor. Broad and Cllerry Streets,
102,000 00
100,000 00
Endowment Fund, ' .
'.
Phillips Bequest, . . . . . . . . . ~ . . .
12,000 00
60,000 00
Teillple Ttu~t Fund, ;: . . .' . . . . . . •
Temple Trust. Fund Il,1come for Pictures and Medals,
6,223 7,8
Gilpin Trust Fund, . ~ . . . . • . . . .
26,7 2° ' 59
Charles Toppan Prize Fund, .' . . . . . -.
10,500 00
81 43
Charles Toppan Prize Fund Income account,
2,000 00
M~ry Smith Prize Fund,. . : . . . .
100 00
Mary Smith Prize Fund Income account,
Neill Bequest,.
8,4 81 7°
Bills Payable, ' .' . . . . . . . . . . . . . .\ • . 8,000 00
II
[OVER.]
$928,330
II
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PROFIT -AND LOSS BAL"ANCES.
DECEMBER
)1, 1889.
DR.
59th Annual Exhibition (1889), .
Instruction,
Taxes, . .
- .•....
Interest,
. . • • • •
Expenses of Phillips' Collection and Library,.
General Expenses, . ~
House Expenses, . . -.
Art Property Expenses,
-.
$295 06
2,493 90
9 19 84
5,119 65
600 00
(639 "75
471 23
4. 0 5
Vereskhagin Exhibition, . . • • . . • • • . . . .
Gene~al Exhibition,. . -. . . • ; . • • . . _ . .
Academy Rents (against which are' $323.88 cbarges in
General -Expenses account), . ' • . . •
Transfer. Fees, . . ••- . . • • > • _ . • • • , • •
Income from Funds for General Expenses:
Ter'nple, . .
- . $1,800 00
GiIpin,. . .
1,320 03
• 5,175 00
_Endowment,
$95 6 63
2,43 1 14
- 2,044 30
14 25
....
o
8,295 ' 03
Income (or Phillips' Collection arid Library,
Sundry Small Accounts, . . . . .. . . . .
Balance-Net loss,
$16,540 4 8
.•• _
60000
9 1 67
$14,433 02
2, 10 7 4 6,
$16,540 4 8
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