88th Annual Report for the Pennsylvania Academy of the Fine Arts
Item
Title
88th Annual Report for the Pennsylvania Academy of the Fine Arts
Identifier
1894-AR.pdf
Date
1894
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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'E IGHTY- EIGHTH
, ANNUAL R,E PORT
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FEBRUARY 5, ',1894 '
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FEBRUARY 4, 1895
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THE PENNSYLVANIA , \
AC,A DEMY OF·-THE FINE
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ARTS PHILADELPH'IA
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THE PENNSYL VANIA
ACADEMY OF THE FINE ARTS
FOUNDED 1805
EIGHTY-EIGHTH ANNUAL
REPORT, FEBRUARY 5,
18 94, TO FEBRUARY 4, 18 95
PHILADELPHIA
MDCCCXCV
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MANAGEMENT OF THE PENNSYLVANIA
"ACADEMY OF THE FINE ARTS.
PRESIDENT,
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EDWARD H. COATES.
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. VICE-PRESIDENT,
CLARENCE H. CLARK.
DIRECTORS)
CLARENCE H~ CLARk,
WILLIAM B. BEMENT,
E. BURGESS WARREN,
CHARLES HENRY HART,
JOHN H. PACKARD, M.D.)
HENRY WHELEN, JR.,
JOnN H. CONVERSE,
CHARLES flARE HUTCHINSON,
ALEXANDER BIDDLE,
FRANCIS W. LI!WIS, M.D.,
THEOPHILUS P. CHANDLER, JR.,
CHARLES C. HARRISON.
TREASURER,
HENRY WHELEN, JR.,
SECRETARY AND MANAGING DIRECTOR,
HARRISON S. MORRIS.
SOLICITOR,
JOHN G. JOHNSON.
COMMITTEE ON PROPERTY,
JOHN H. CONVERSE, CHAIRMAN.
CHARLES HARE HUTCHINSON, THEOPHILUS P. CHANDLER, JR.
COMMITTEE ON FINANCE,
CLARENCE H. CLARK, CHAIRMAN.
ALEXANDER BIDDLE,
HENRY WHELEN, JR.
COMMITTEE ON INSTRUCTION,
JOHN H. PACKARD, M.D., CHAIRMAN.
HENRY WHELEN, JR.,
CHARLES HARE HUTCHINSON)
FRANCIS W. LEWIS, M.D.,
THEOPHILUS P. CHANDLER) JR.
COMMITTEE ON
E ~ HlBITI O NS,
FRANCIS W. LEWIS , M.D. , CHAIRMAN.
E. BURGESS WARREN,
JOHN H. PACKARD, M.D.,
CHARLES HENRY HART,
CHARLES C. HARRISON.
FACUL TY OF THE SCHOOLS,
ROBERT W. VONNOH)
THOMAS P. ANSHUTZ,
CHARLES GRAFL Y,
GEORGE McCLELLAN, M.D.,
CARL NEWMAN,
HENRY THOURON,
WILL S. ROBINSON,
HUGH H. BRECKENRIDGE.
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THE
I;IGHTY-EIG~TH
ANNUAL REPORT
THE PENNSYLVANIA ACADEMY OF THE FINE ARTS
FROM FEB. 5, 18 94, TO FEB. 4, 1895
.IHE
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President and Board of Director~ of
the Pennsylvania Academy of the Fine
Arts present to the Stockholders of the
Academy the following report for the
eighty-eighth year, which closes with February 4, 1895.
In public usefulness and artistic acquisitions . the
Academy has made marked progress during the year
just closed. The schools have advanced in attendance
and in system, accompanied by increased techniq.l excelle.nce. The interest of the public in art and in art
work is greater than ever before, and the Academy has
met with a surer response .to its effqrts to mainta.in the
high place it holds in this community and before .the
country at large. The exhibitions have create:d wide
interest, which is shown by the attention of artists and
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Eighty-eighth Annual Report
others from neighboring cities, and in the increased
notice of the newspapers at home and elsewhere. In
this connection, too cordial appreciation cannot be expressed of the disinterested services and generous cooperation of the whole public press of Philadelphia in
the work of the Academy, and this the management
desires most fully to acknowledge and record . .
Art Property.
There have been added to the permanent collections
of the Academy during the year the following works:
Purchased from the Sixty-third Annual Exhibition, 1894, by the Academy as Trustee of the Temple
Fund:
The Fox Hunt, painting in oil by Winslow Homer.
The Turkish Page, painting in oil by Frank Duveneck.
Purchased for the Gilpin Gallery:
Rz'ght I-Ion. W. E. Gladstone in Downing Street,
painting in oil by John McLure Hamilton.
Purchased for the Temple Trust Fund:
November, painting in oil by Robert W. Vonnoh,
exhibited in 1892.
Purchased from the venerable artist, Mr. George
R. Bonfield, Academician, in recognition of his long
connection with the art of Philadelphia, the following
paintings ~n oil:
Wreck on Shore, Morning.
Marz'm View. ,
. Landscape by Trouillebert. , Presented by Dr.
Francis W. Lewis.
The Academy of the · Fine Arts
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Bronze portrait bust of Mr. Alexander Harrison,
by the late Edmund A. Stevvardson. Presented by
Thomas Stewardson, Esq.
One hundred and fifty pictures belonging to the
late Harrison Earle, bequeathed by him to the
Academy unconditionally.
Purchased from the Memorial Exhibition of the
Works of the late James P. Kelly, held in connection with the Sixty-third Annual Exhibition, the
followin~ paintings in oil:
A Windy Morning.
The Times Tower.
,Portrait of John Neagle by Isaac L. Williams .
. Presented by Garrett C. Neagle, Esq.
Moonrise at Sunset, a landscape in oil by George
H~ Bogert.
Presented from the Sixty-fourth Annual
Exhibition by George A. Hearn, Esq., of New York.
A pastel portrait of Mr. Henry Thouron by the
late James P. Kelly. Presented by Henry Thouron,
Esq.
Purchased from the Sixty-fourth Annual Exhibition, December, 1894, for the Temple Trust
Fund: . Lady with the White Shawl, painting in oil
by -William M. Chase.
The Winged Victory, known as the Nike of Samo. thrake. Plaster cast from the original in the Louvre.
Presented by John Struthers, Esq.
The Martin Millmore Memorial. Plaster cast
made at the order of the Academy from the original
model, called Tlte Angel of Deatll and the Sculptor,
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Eighty-eighth Annual Report
through the courtesy of the sculptor, Daniel C.
French.
The Library has received a number of works on
art presented by Mr. Charles Hare Hutchinson and
Dr. Francis W. Lewis; and catalogues . of foreign
galleries from Mr. Charles Hare Hutchinson and
Mr. Henry Whelen, Jr.
Thanks are due to Mrs·. S. C. F. Hallowell and
·the ladies of her Committee on Women's Work in
Philadelphia for the World's Fair, for tl).e gift of a
set of oak screens intended for the display of prints
and photographs. .
Sixty-third
When the last report was submitted to the StockAnnual Ex- holde,rs the Sixty-third Annual Exhibition of the
hibition.
Academy was still in progress. It was pronounced by
competent authorities to be the most representative collection of American works of art held in the East up to
its time. The attendance was large, numbering 53,787,
and the sales amounted to $7400.00. The pecuniary
result of the Exhibition was it profit, much diminished,
however, by the great cost of returning pictures owned
abroad; but the number thus transported serves to indicate the energy with which tile Academy has striven to
present to its visitors the best work 0f American painters
ih all parts of the world.
Temple
Gold
Medals . .
Temple Gold Medals w.ere awarded by the Jury of
Artists of this Exhibition to the following exhibitors, arid
upon recommendation of this Jury it was decided by the
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The Academy of the 'Fine Arts
Academy that artists receIvmg Temple Gold Medals
should be thereafter out of competition for this prize:
J~mes McNeill Whistler, for his portrait, entitled The Yellow Buskin .
. John Singer Sargent, for his portrait, entitled
Ellm Terry a~ Lady Macbeth.
Gold Medals of Honor were awarded by the Board Gold
of Directors of the Academy to D. Ridgway Knight Medals of
and Alexander Harrison.
Honor.
This award is conferred upon American painters
or sculptors in recognition of high achievement, or upon
those who have merited the distinction for services in
the cause of Art or to this Academy.
In March, an exhibition of Japanese works
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art Other
and bric-a.-brac was undertaken in union with the Lect- Exhibitions.
ure Association of the University of Pennsylvania; and
accompanying this a series of lectures on Japanese art
was given in .Gallery F by Mr. Ernest F. Fenollosa,
Curator of ' the Japanese Department of the Boston
Museum of the Fine Arts.
In April, the Geographical Club of Philadelphia, in
connection with the Academy, opened in Gallery F ~n
exhibition of the Sella Alpine Photographs which was
artistically and financially successful.
In May, the designs submitted in the Competition foi
the prizes of the Municipal Art League of New York,
intended for the decoration ot the Chamber of the Court
of Oyer and Terminer in that city, were exhibited In.
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Eighty-eighth Annual Report
Gallery F; and on the closing day, June 14th, a reception was given to the authorities of the city and "others '
interested in a proposed similar contest for the decoration
of the City Hall of Philadelphia:. This meeting was the
first step in a ~ovement which should be of much importance, and a general committee was formed consisting
o~ the President and -Secretary and three of the Directors
from eq.ch of the following institutions: The Academy
of the Fine Arts, The Art Club, the Pennsylvania Museum, the Spring Garden Institute, the School of Design
for Women, The Fairmount Park Art Association, The
Architectural Department of the University of Pennsylvania, and the Drexel Institl,lte. Of this committee, Mr.
James M. Beck was afterwards elected Chairman, and th"e
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Secretary of t~e Academy acts as Secretary. Efforts to
obtain an appropriation from City Councils for the purposes of the competition secured the passage of a bill
which grants $5000:00.
In November the competitive models for the Prof.
S. D. Gross Memorial Statue, to be erected in Washing-ton, D. c., were placed for private inspection in Gallery G.
Sixty-fourth
The Sixty-fourth Annual Exhibition was opened
Annual
with a private view and evening reception on Saturday,
Exhibition.
December 15, 1894, and is thoroughly representative of
contemporary American art at home and abroad, few
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imP9rtant names being missed from the catalogue. It
also includes several works representing the new Glasgow
School. The collection is rendered unusually attractive
by a system of hanging not before adopted in an annual
The Academy of the Fine Arts '
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exhibition in this country. The pictures of. the various
artists are placed · as far as possible in groups, which
affords opportunity for comparison of the collective exhibits ana renders the Exhibition more concentrated for
the purposes. of the student of art. This has necessitflted
a large increase in the space needed for hanging, and, for
the first time, those portions of th~ permanent collectio~
in the Gilpin Gallery have been taken down to make
way for the Annual Exhibition.- The effect produced
has been much commended, and seems to justify the
temporary absence of some of the Academy'S n;ost
valuable possessions. The sculpture of the Exhibition is
unusually strong and interesting, and . a sepa! ate gallery
has been espe~ially prepared and devoted to the collection, the Academy believing that the equal dignity and
importance of this branch of the Fine Arts should be
recognized in every Annual Exhibition.
The Jury of Selection and Hanging Committee of
the Sixty-fourth Annual Exhibition : consists · of the
following
artist~
:
THOMA ~ HOVENDEN,
FRANK W. BENSON,
WILLIAM T. RICHARDS,
JOSEPH DECAMP,
ROBERT
\V. VONNOH ;
GEORGE H. BOGERT,
CARL NEWMAN,
CHARLES MELVILLE DEWEY,
JOHN LAMBERT, JR.,
W. SERGEANT KENDALL,
A. Sr:iRLING CALDER,
THEODORE ROBINSON,
CHARLES GRAFLY;
J. H. TWACHTMAN,
J. ALDEN WEIR.
In connection with the Annual Exhibition, the architectural work, so broad and representative in character
as to be deservedly called . national, surpasses in extent
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Eighty-eighth Annual Report
and ' excellence any similar exhibition yet made in thi$
city. It occupies' the entire transept and corridors, with
the addition of Gallery C. An elaborate catalogue of
this collection has been prepared under the supervision
of t~e Architectural Jury, which this year consists of
the following architects:
FRANK
LOUIS
A. HAYS,
C. HICKMAN,
WILLIAM
FRANK MILES DAY,
WILSON EYRE, JR.,
C.
PRICHETT, JR.
Medals and
The Gold Medals of the Temple Fund were awarded
Prizes.
by the Jury of Artists and Hanging Committee to the following exhi.bitors in the Sixty-fourth Annual Exhibition:
Edmund C. Tarbell, for his picture, Arrangement
in Pink aild Gray.
J. H. Twachtman, for his landscape, Autumn.
The Academy Gold Medal of Honor, founded by
Mr. John H. Converse, was awarded by the Board of
Directors to Vlilliam Merxitt Chase.
The Walter Lippincott Prize of $300.00 was awarded
to Edmund C. Tarbell, for his picture, Arrangement in
Pink and Gray.
The Mary Smith Prize of $100.00 was awarded by
the Committee on Exhibition of the Academy to Miss
Gabrielle D. Clements, for her picture, Granite Cutting
at Cape Ann.
The attendance upon th.e vanous exhibitions and
other features of interest during the year has been . as
follows: The paid admissions were 28,471. The free
The Acad'emy of the P[ne Arts
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admissions, 'excluding lectures, have reached 53,579,
making a total of 82,050 visitors. Add to this the estimated attendance upon the l,e ctqres, and the aggregate
will reach to over 100,000.
,The schools of the Academy nave qlade. progress The
during the year unequalled by any previous records of Schools.
their attendance and excellence. Students' Exhibitions ·
were held in the spring and fall. In the former were inclUded the competitiv_e pictures for the Chal-les Toppan
Prizes, the subject given being Rest. The prizes were
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awarded as follows by the Committee on Instruction:
First Prize, Francis W. Sheafer.
Second Prize, Charles Morris Young. ·
Honor~ble Mention, Will.
J.
Glackens and
D. Evangeline Deming.
For the Fall Exhibition, Miss Sarah 1. Field, a student of the schools, generously offered a prize, consisting
thi? year of an antique Grecian vase. It is Miss Field's
intention to continue this prize yearly in encouragement
of original work among the students. The prize was
awarded to Mr. Francis ·W. Sheafer.
At the close of the secoQd term of the season of
1893-94, Mr. Milton Bancroft, who had been Superintendent of the Schools since September, 1 ~92, n~sign~d for
the purpose of study abroad. This led to some changes
in the conduct of the schools, and Mi-. Hugh H. Breckenridge was invited to take the post of Secretary of the
Faculty, and Mr. John D. Pierce to assume the office of
Curator, a plan which lias borne excellent results . . The
Eighty-eighth Annual Report
12
Teaching Faculty of the Academy, with this exception,
remains the same as at the date of the last report, and is
now constituted as follows:
ROB:ERT W. VONNOH,
CHARLES GRAFLY,
CARL NEWMAN,
WiLL
THOMAS
P.
ANSHUTZ,
HENRY THOURON,
S.
ROBINSON,
GEORGE MCCLELLAN, M.D.,'
HUGH H. BRECKENRIDGE.
The Travelling Scholarship, C!.mounting to $800.00,
endowed through the public spirit of a member of the
Board of the Academy, was this year awarded, for the
fourth time, to Miss Georgie York, the first womal(l who
has gained the honor.
For the work of the schools at the World's Columbhn Exposition, the Academy has received a medal and
certificate for progress in art and the. excellence of the
work exhibited .
. Catalogues, Reports, and Pamphlets, completing to
Catalogues,
date the Academy's valuable files, have been recei~ed
Reports,
from the following· institutions and persons, and · thanks
Etc.
are cordially returned for the same:
San Francisco Art Association.
Hamilton Art School.
Drexel Institute, Philadelphia.
American Art Association, New York.
American Fine Arts Society, New York.
American Water Color Society.
Art Club, Philadelphia.
Art Museum, Eden Park, Cincinnati.
Art Association of Montreal.
The Academy of the 'Fine ' Arts
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R. M. Lindsay, Esq.
Architectural League of New York.
John G. Johnson, Esq.
Photographic Society of Philadelphia.
Pennsylvania Museum and School of Industrial Art.
Geographical Club, Philadelphia.
Normal Art School of ' Massachusetts.
ScIfool of Design, Rhode Island.
The Rochester Athenceum.
Maryland Institute, Baltimore.
Art Institute of Chicago.
Western Art Association of Omaha, Neb.
Grolier Club, New York.
Salmagundi Club, New York.
R. Hall McCormick, Esq.
Wm. Baumgarten, Esq.
School of Design for Women, Philadelphia.
Detroit Museum of Art:
Spring Garden Institute, Philadelphia.
Society of American Artists, New York.
St. Louis Museum of Fine Arts.
Metropolitan Art Museum, New York.
Boston Art Club.
Philadelphia Manual Training Schools.
National Academy of Design, New York.
School of Architecture, University of Pennsylvania.
Wilstach Gallery, Memorial Hall, Philadelphia.
Owens Art Institute, St. John, N. B.
Minneapolis School of Fine Arts.
Arts and Crafts, Philadelphia.
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Lectures.
Eighty-eighth Annual Report
In continuan.ce of its aim to provide occasional
lectures, useful alike to the students of the ' Academy '
and to artists and the public at large, a course of two
lectures by Mr. W. Lewis Frazer, Manager of the Art
Department of the Cm.tu1J1 Magazin e, was given on
February 10 and 17, 1894. The titles of these were
Pencil and Graver in American Books for Two H undred Years; and Illustration: What it is and how to
Draw for it. The cordial thanks of the Academy are due to Mr. Frazer for his kindness in contributing these
. valuable discourses and the accompanying illustrations.
On the afternoon of February 10th, Mr. J: Wells
Champney spoke on Pastels and Pastellists, exhibiting
a number of illustrations by his own hand.
The name of Mr. J ohh LaFarge holds so high a
place in the annals of contemporary art that the Directors record with especial gratification the course of six
lectures given by him through the month of January,
1895. These .lectures were delivered in Gallery F and
drew a large attendance of students, artists, and the
cultivated public. That they were of unusual service in
promoting taste and in technical teaching was shown
by the attention with which they were received. The
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dates and titles of the course are as foHows :
January 15.-Essential Divisions of the Work of Art.
Jan uary 18.-Personality and Choice.
January 22.-Suggestion and Intentz.on.
January 25.-M£sapprehe1isions of Meaning.
January 29.-Maia, or Illus{ons.
February; I.-Sincerz.ty.
The Academy of the Fine ' Arts
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Through the generous efforts of a committee of
, ladies, ~consisting of M.rs. Cornelius Stevenson, Mrs.
Charles Platt, Jr., Mrs. Geoi-ge .Wharton Pepper, Mrs . .
Clarenc~ H .' Clark, Mrs. Edward H. Coates, Miss Char- .
lOtte Pepper, and .thelate ' Mrs. J. D.undas Lippincott, with
the ' assistance of Mr. john Lambert, Jr., a series of tableaux representing fam~us portraits, followed by a minuet
and ball, was held in the galleries on April.4th, for the
benefit of the cast collections of the University of Pennsylvania and of the Academy_ Nearly $700.00 were real, ized for the Academy. The cordial thanks of the management are due and n.ow publicly tendered to those who
organized a~d took part in the successful entertainment.
It is with a deep sense of personal loss that the
management announces the death, during the past year,
of Mr. J. Howard Gibson. The sentiments of the Board
were duly record ~d at the time of his decease in the
follOWIng minute, 'w hich expresses the esteem in which
he was held by his fellow-directors:
"The DireCtors of the Academy of the Fine
Arts have heard with profound regret of the death
on Friday,. the 6th inst. (April), of their associate, J.
Howard Gibson. Although the last elected member
of the Board (February, 1892), Mr. Gibson has been
most active in his interest in everything pertaining to
the ' welfare of the Academy, and the Board of Di- .
rectors wishes to place upon its minutes a sincere
acknowledgment of his services, and to record its
sense of the loss to this institution and to the city of
Philadelphia by reason of his death."
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Finances.
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Eighty-eighth Annual Report
The general statement of the Treasurer to December
3 I, 1894, and the profit and foss <l;ccount are submitted
herewith. From these it will be seen that the payments
for the year hav~ been $16,187.05, less receipts from all
sources, $ 14,171.93, leaving <'a deficiency of $2015.12, to
which add amount paid to Temple Trustees, in accordance with the will of Joseph E. Temple, $ 1800.00, and
amount transferred to the Gilpin Gallery Fund, $72 5.00,
resu~ting in a net deficiency of $4540.12.
In addition t.o the sums already received from the
estate of George S. Pepper, late President of the
Academy, there was paid into the treasury in February,
1894, $75 00.00.
From the estate of Benjamin Johnson, deceased, the
Academy received during the year an additional sum of
$5°0.00.
In concluding this report, the" Directors again call
attention to the pressing need "of g enerous contributions and a larger endowment fund to carryon the
work of the institution. This work is a general and a
public one, in which every citizen is interested, and its
success is inseparable from the welfare of the community.
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BA,LANCE
SHEET
BALANCE SHEET, PENNSYLV A,N IA ACADEMY
ASSETS.
Real Estate, Broad and Cherry Sts., General
,
Fund . .
. $478,009.18
32,902.22
Gilpin Fund . . . . . . .
Art Property . . . ; . . .
Library and School Property
Endowment Fund:
Temporary Loan . . .
. $4,750.00
Peerless Brick Co. Bonds.
. . . 20,000.00
Philadelphia & Reading R. R. Co. General
Mortgage _4 per cent. Bonds. . .
5.000.00
Richmond & Danville Equipment Trust
Bonds • . . . . . . .
.....
5,000.00
Mortgage, Fort Scott, Kansas. . . . . . 20,000.00
Sioux City Municipal 6 per cent. Bonds. . 10,000.00
Pennsylvania R.R. Equipment Trust Bonds 25,000.00
Mortgage, J. H. Sands, Roanoke . . . . 10,000.00
Central Car Trust Bonds • . • . . . . . 7,000.00
-St. Louis, Iron Mt. and S. Arkansas Bonds 5,000.00
Mortgage, E. D. and Rosa M. Smith, St.
David's . . . . . . . . . . . . . . 12,000.00
Mortgage, 10 N. Eighth St., Philadelphia. 40,000.00
Baltimore Belt Line, Gold 5 per cent. Bonds 10,000.00
Mortgage Note of W. A. Burr
3,000.00
Mortgage Note of Alice E. Hunt . . . . 3,000.00
Mortgage Note of J. S. Redman
4,000.00
$5 10,9 1 1.40
211, 283.85
2,774. 26
Pennsylvania Academy of the Fine Arts Bonds,
Temple Fund. . . . . . . . . . . . . . 60,000.00
Pennsylvania Academy of' the Fine Arts Bonds,
.
Gilpiri Fund . . . . . . . . ' . . . . . . 23,000.00
83,000.00
Charles Toppan Prize Fund:
Lehigh Valley R. R. 7 per cent. Bonds.
8,000.00
New England Loan and Trust Co. Bonds. 2,500.00
10,500.00
Investment Academy Medal Fund:
. Clearfield and Jefferson Bond . . . . .
Phillips Fund: .
.
Penna. R. R. Equipment Trust Bonds .
Norfolk & Western Car Trust Bonds . .
1,000.00
7,000.00
4,944. 83
Mary Smith Prize Fund: N. & W. Car Trust Bonds . . .
Gilpin Fund: New England Loan & Trust Co. Debentures
Album Account. . : . . . . .
Sixty-fourth Annual Exhibition.
Miscellaneous
Cash . . . . . . . . . . . .
II,944. 8 3
1,978 .5 6
4,85 0 .00
1,199·35
38 3. 69
949. 83
2,964. 25
$1,027.490.02
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OF THE FINE ARTS, DECEMBER 31, 1894.
LIABILITIES . .
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Capital Stock. . . . . . . . . . .
Surplus-Capital. . . ' , ' . . . . .
Old Stock . . . . . . . . . . . .
Mortgage, Broad and Cherry Streets '.
Loans Payable . . , . . . . . . .
Temple Trust Fund. . . . . . . .
Phillips Bequest . . . ' . . . . . .
Temple Trust Fund, Income Account
Charles Toppan Prize Fund . . . .
Mary Smith Prize Fund . ' . . . . .
Academy Medal Endowment Fund .
Mary Smith Prize Fund, Incom e Account
Gilpin Trust, Income Account . . . . .
Gilpin Fund.-In Trust for Gilpin Gallery:
Invested
Real Estate .
$458,500.00
13 2,053. 02
12,850.00
83,000.00
4,75 0 .00
60,000.00
12,000,00
855·84
10,500.00
2,000.00
1,000.00
236. II
262.00
. '$28,656.47
32,902.22
Endowment Fund
Travelling Scholarship, 1893- 1894
Travelling Scholarship, 1894-1895
Phillips Bequest, Income Account.
Charles Toppan Prize Fund, Incom e Account.
Cast Collection .
Miscellaneous . . . . . . . . . . . . . .
61,55 8 .69
184,000.00
200.00
, 400.00
64·5°
2.39 0 .73
537.3 8
33I.75
$1,027,49°.02
PROFIT AND LOSS BALANCES,
DECEMBER 3r, r894.
DR.
Interest . . . . .
General Expense.
Instruction . . . .
$4,73 2.00
5,7 20.77
7,33 2 • 1 5
CR.
Gilpin Trust; Income Account. . .
Endowment Fund, Income Account
Temple Trust, Income Account. .
.
General Exhibition . . . . . . .
Sixty-third Annual and Special Exhibitions
Balance-Net Loss . . . . . . . . . . .
$7 2 5. 00
9,055·73
1,800.00
1,37 0 .12
293·95
$ £3,244. 80
4,540 . 12
$17,7 84,9 2
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'E IGHTY- EIGHTH
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FEBRUARY 5, ',1894 '
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FEBRUARY 4, 1895
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THE PENNSYLVANIA , \
AC,A DEMY OF·-THE FINE
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ARTS PHILADELPH'IA
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THE PENNSYL VANIA
ACADEMY OF THE FINE ARTS
FOUNDED 1805
EIGHTY-EIGHTH ANNUAL
REPORT, FEBRUARY 5,
18 94, TO FEBRUARY 4, 18 95
PHILADELPHIA
MDCCCXCV
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MANAGEMENT OF THE PENNSYLVANIA
"ACADEMY OF THE FINE ARTS.
PRESIDENT,
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EDWARD H. COATES.
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. VICE-PRESIDENT,
CLARENCE H. CLARK.
DIRECTORS)
CLARENCE H~ CLARk,
WILLIAM B. BEMENT,
E. BURGESS WARREN,
CHARLES HENRY HART,
JOHN H. PACKARD, M.D.)
HENRY WHELEN, JR.,
JOnN H. CONVERSE,
CHARLES flARE HUTCHINSON,
ALEXANDER BIDDLE,
FRANCIS W. LI!WIS, M.D.,
THEOPHILUS P. CHANDLER, JR.,
CHARLES C. HARRISON.
TREASURER,
HENRY WHELEN, JR.,
SECRETARY AND MANAGING DIRECTOR,
HARRISON S. MORRIS.
SOLICITOR,
JOHN G. JOHNSON.
COMMITTEE ON PROPERTY,
JOHN H. CONVERSE, CHAIRMAN.
CHARLES HARE HUTCHINSON, THEOPHILUS P. CHANDLER, JR.
COMMITTEE ON FINANCE,
CLARENCE H. CLARK, CHAIRMAN.
ALEXANDER BIDDLE,
HENRY WHELEN, JR.
COMMITTEE ON INSTRUCTION,
JOHN H. PACKARD, M.D., CHAIRMAN.
HENRY WHELEN, JR.,
CHARLES HARE HUTCHINSON)
FRANCIS W. LEWIS, M.D.,
THEOPHILUS P. CHANDLER) JR.
COMMITTEE ON
E ~ HlBITI O NS,
FRANCIS W. LEWIS , M.D. , CHAIRMAN.
E. BURGESS WARREN,
JOHN H. PACKARD, M.D.,
CHARLES HENRY HART,
CHARLES C. HARRISON.
FACUL TY OF THE SCHOOLS,
ROBERT W. VONNOH)
THOMAS P. ANSHUTZ,
CHARLES GRAFL Y,
GEORGE McCLELLAN, M.D.,
CARL NEWMAN,
HENRY THOURON,
WILL S. ROBINSON,
HUGH H. BRECKENRIDGE.
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THE
I;IGHTY-EIG~TH
ANNUAL REPORT
THE PENNSYLVANIA ACADEMY OF THE FINE ARTS
FROM FEB. 5, 18 94, TO FEB. 4, 1895
.IHE
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President and Board of Director~ of
the Pennsylvania Academy of the Fine
Arts present to the Stockholders of the
Academy the following report for the
eighty-eighth year, which closes with February 4, 1895.
In public usefulness and artistic acquisitions . the
Academy has made marked progress during the year
just closed. The schools have advanced in attendance
and in system, accompanied by increased techniq.l excelle.nce. The interest of the public in art and in art
work is greater than ever before, and the Academy has
met with a surer response .to its effqrts to mainta.in the
high place it holds in this community and before .the
country at large. The exhibitions have create:d wide
interest, which is shown by the attention of artists and
3
4
Eighty-eighth Annual Report
others from neighboring cities, and in the increased
notice of the newspapers at home and elsewhere. In
this connection, too cordial appreciation cannot be expressed of the disinterested services and generous cooperation of the whole public press of Philadelphia in
the work of the Academy, and this the management
desires most fully to acknowledge and record . .
Art Property.
There have been added to the permanent collections
of the Academy during the year the following works:
Purchased from the Sixty-third Annual Exhibition, 1894, by the Academy as Trustee of the Temple
Fund:
The Fox Hunt, painting in oil by Winslow Homer.
The Turkish Page, painting in oil by Frank Duveneck.
Purchased for the Gilpin Gallery:
Rz'ght I-Ion. W. E. Gladstone in Downing Street,
painting in oil by John McLure Hamilton.
Purchased for the Temple Trust Fund:
November, painting in oil by Robert W. Vonnoh,
exhibited in 1892.
Purchased from the venerable artist, Mr. George
R. Bonfield, Academician, in recognition of his long
connection with the art of Philadelphia, the following
paintings ~n oil:
Wreck on Shore, Morning.
Marz'm View. ,
. Landscape by Trouillebert. , Presented by Dr.
Francis W. Lewis.
The Academy of the · Fine Arts
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Bronze portrait bust of Mr. Alexander Harrison,
by the late Edmund A. Stevvardson. Presented by
Thomas Stewardson, Esq.
One hundred and fifty pictures belonging to the
late Harrison Earle, bequeathed by him to the
Academy unconditionally.
Purchased from the Memorial Exhibition of the
Works of the late James P. Kelly, held in connection with the Sixty-third Annual Exhibition, the
followin~ paintings in oil:
A Windy Morning.
The Times Tower.
,Portrait of John Neagle by Isaac L. Williams .
. Presented by Garrett C. Neagle, Esq.
Moonrise at Sunset, a landscape in oil by George
H~ Bogert.
Presented from the Sixty-fourth Annual
Exhibition by George A. Hearn, Esq., of New York.
A pastel portrait of Mr. Henry Thouron by the
late James P. Kelly. Presented by Henry Thouron,
Esq.
Purchased from the Sixty-fourth Annual Exhibition, December, 1894, for the Temple Trust
Fund: . Lady with the White Shawl, painting in oil
by -William M. Chase.
The Winged Victory, known as the Nike of Samo. thrake. Plaster cast from the original in the Louvre.
Presented by John Struthers, Esq.
The Martin Millmore Memorial. Plaster cast
made at the order of the Academy from the original
model, called Tlte Angel of Deatll and the Sculptor,
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Eighty-eighth Annual Report
through the courtesy of the sculptor, Daniel C.
French.
The Library has received a number of works on
art presented by Mr. Charles Hare Hutchinson and
Dr. Francis W. Lewis; and catalogues . of foreign
galleries from Mr. Charles Hare Hutchinson and
Mr. Henry Whelen, Jr.
Thanks are due to Mrs·. S. C. F. Hallowell and
·the ladies of her Committee on Women's Work in
Philadelphia for the World's Fair, for tl).e gift of a
set of oak screens intended for the display of prints
and photographs. .
Sixty-third
When the last report was submitted to the StockAnnual Ex- holde,rs the Sixty-third Annual Exhibition of the
hibition.
Academy was still in progress. It was pronounced by
competent authorities to be the most representative collection of American works of art held in the East up to
its time. The attendance was large, numbering 53,787,
and the sales amounted to $7400.00. The pecuniary
result of the Exhibition was it profit, much diminished,
however, by the great cost of returning pictures owned
abroad; but the number thus transported serves to indicate the energy with which tile Academy has striven to
present to its visitors the best work 0f American painters
ih all parts of the world.
Temple
Gold
Medals . .
Temple Gold Medals w.ere awarded by the Jury of
Artists of this Exhibition to the following exhibitors, arid
upon recommendation of this Jury it was decided by the
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The Academy of the 'Fine Arts
Academy that artists receIvmg Temple Gold Medals
should be thereafter out of competition for this prize:
J~mes McNeill Whistler, for his portrait, entitled The Yellow Buskin .
. John Singer Sargent, for his portrait, entitled
Ellm Terry a~ Lady Macbeth.
Gold Medals of Honor were awarded by the Board Gold
of Directors of the Academy to D. Ridgway Knight Medals of
and Alexander Harrison.
Honor.
This award is conferred upon American painters
or sculptors in recognition of high achievement, or upon
those who have merited the distinction for services in
the cause of Art or to this Academy.
In March, an exhibition of Japanese works
ot
art Other
and bric-a.-brac was undertaken in union with the Lect- Exhibitions.
ure Association of the University of Pennsylvania; and
accompanying this a series of lectures on Japanese art
was given in .Gallery F by Mr. Ernest F. Fenollosa,
Curator of ' the Japanese Department of the Boston
Museum of the Fine Arts.
In April, the Geographical Club of Philadelphia, in
connection with the Academy, opened in Gallery F ~n
exhibition of the Sella Alpine Photographs which was
artistically and financially successful.
In May, the designs submitted in the Competition foi
the prizes of the Municipal Art League of New York,
intended for the decoration ot the Chamber of the Court
of Oyer and Terminer in that city, were exhibited In.
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Eighty-eighth Annual Report
Gallery F; and on the closing day, June 14th, a reception was given to the authorities of the city and "others '
interested in a proposed similar contest for the decoration
of the City Hall of Philadelphia:. This meeting was the
first step in a ~ovement which should be of much importance, and a general committee was formed consisting
o~ the President and -Secretary and three of the Directors
from eq.ch of the following institutions: The Academy
of the Fine Arts, The Art Club, the Pennsylvania Museum, the Spring Garden Institute, the School of Design
for Women, The Fairmount Park Art Association, The
Architectural Department of the University of Pennsylvania, and the Drexel Institl,lte. Of this committee, Mr.
James M. Beck was afterwards elected Chairman, and th"e
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Secretary of t~e Academy acts as Secretary. Efforts to
obtain an appropriation from City Councils for the purposes of the competition secured the passage of a bill
which grants $5000:00.
In November the competitive models for the Prof.
S. D. Gross Memorial Statue, to be erected in Washing-ton, D. c., were placed for private inspection in Gallery G.
Sixty-fourth
The Sixty-fourth Annual Exhibition was opened
Annual
with a private view and evening reception on Saturday,
Exhibition.
December 15, 1894, and is thoroughly representative of
contemporary American art at home and abroad, few
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imP9rtant names being missed from the catalogue. It
also includes several works representing the new Glasgow
School. The collection is rendered unusually attractive
by a system of hanging not before adopted in an annual
The Academy of the Fine Arts '
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exhibition in this country. The pictures of. the various
artists are placed · as far as possible in groups, which
affords opportunity for comparison of the collective exhibits ana renders the Exhibition more concentrated for
the purposes. of the student of art. This has necessitflted
a large increase in the space needed for hanging, and, for
the first time, those portions of th~ permanent collectio~
in the Gilpin Gallery have been taken down to make
way for the Annual Exhibition.- The effect produced
has been much commended, and seems to justify the
temporary absence of some of the Academy'S n;ost
valuable possessions. The sculpture of the Exhibition is
unusually strong and interesting, and . a sepa! ate gallery
has been espe~ially prepared and devoted to the collection, the Academy believing that the equal dignity and
importance of this branch of the Fine Arts should be
recognized in every Annual Exhibition.
The Jury of Selection and Hanging Committee of
the Sixty-fourth Annual Exhibition : consists · of the
following
artist~
:
THOMA ~ HOVENDEN,
FRANK W. BENSON,
WILLIAM T. RICHARDS,
JOSEPH DECAMP,
ROBERT
\V. VONNOH ;
GEORGE H. BOGERT,
CARL NEWMAN,
CHARLES MELVILLE DEWEY,
JOHN LAMBERT, JR.,
W. SERGEANT KENDALL,
A. Sr:iRLING CALDER,
THEODORE ROBINSON,
CHARLES GRAFLY;
J. H. TWACHTMAN,
J. ALDEN WEIR.
In connection with the Annual Exhibition, the architectural work, so broad and representative in character
as to be deservedly called . national, surpasses in extent
10
Eighty-eighth Annual Report
and ' excellence any similar exhibition yet made in thi$
city. It occupies' the entire transept and corridors, with
the addition of Gallery C. An elaborate catalogue of
this collection has been prepared under the supervision
of t~e Architectural Jury, which this year consists of
the following architects:
FRANK
LOUIS
A. HAYS,
C. HICKMAN,
WILLIAM
FRANK MILES DAY,
WILSON EYRE, JR.,
C.
PRICHETT, JR.
Medals and
The Gold Medals of the Temple Fund were awarded
Prizes.
by the Jury of Artists and Hanging Committee to the following exhi.bitors in the Sixty-fourth Annual Exhibition:
Edmund C. Tarbell, for his picture, Arrangement
in Pink aild Gray.
J. H. Twachtman, for his landscape, Autumn.
The Academy Gold Medal of Honor, founded by
Mr. John H. Converse, was awarded by the Board of
Directors to Vlilliam Merxitt Chase.
The Walter Lippincott Prize of $300.00 was awarded
to Edmund C. Tarbell, for his picture, Arrangement in
Pink and Gray.
The Mary Smith Prize of $100.00 was awarded by
the Committee on Exhibition of the Academy to Miss
Gabrielle D. Clements, for her picture, Granite Cutting
at Cape Ann.
The attendance upon th.e vanous exhibitions and
other features of interest during the year has been . as
follows: The paid admissions were 28,471. The free
The Acad'emy of the P[ne Arts
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admissions, 'excluding lectures, have reached 53,579,
making a total of 82,050 visitors. Add to this the estimated attendance upon the l,e ctqres, and the aggregate
will reach to over 100,000.
,The schools of the Academy nave qlade. progress The
during the year unequalled by any previous records of Schools.
their attendance and excellence. Students' Exhibitions ·
were held in the spring and fall. In the former were inclUded the competitiv_e pictures for the Chal-les Toppan
Prizes, the subject given being Rest. The prizes were
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awarded as follows by the Committee on Instruction:
First Prize, Francis W. Sheafer.
Second Prize, Charles Morris Young. ·
Honor~ble Mention, Will.
J.
Glackens and
D. Evangeline Deming.
For the Fall Exhibition, Miss Sarah 1. Field, a student of the schools, generously offered a prize, consisting
thi? year of an antique Grecian vase. It is Miss Field's
intention to continue this prize yearly in encouragement
of original work among the students. The prize was
awarded to Mr. Francis ·W. Sheafer.
At the close of the secoQd term of the season of
1893-94, Mr. Milton Bancroft, who had been Superintendent of the Schools since September, 1 ~92, n~sign~d for
the purpose of study abroad. This led to some changes
in the conduct of the schools, and Mi-. Hugh H. Breckenridge was invited to take the post of Secretary of the
Faculty, and Mr. John D. Pierce to assume the office of
Curator, a plan which lias borne excellent results . . The
Eighty-eighth Annual Report
12
Teaching Faculty of the Academy, with this exception,
remains the same as at the date of the last report, and is
now constituted as follows:
ROB:ERT W. VONNOH,
CHARLES GRAFLY,
CARL NEWMAN,
WiLL
THOMAS
P.
ANSHUTZ,
HENRY THOURON,
S.
ROBINSON,
GEORGE MCCLELLAN, M.D.,'
HUGH H. BRECKENRIDGE.
The Travelling Scholarship, C!.mounting to $800.00,
endowed through the public spirit of a member of the
Board of the Academy, was this year awarded, for the
fourth time, to Miss Georgie York, the first womal(l who
has gained the honor.
For the work of the schools at the World's Columbhn Exposition, the Academy has received a medal and
certificate for progress in art and the. excellence of the
work exhibited .
. Catalogues, Reports, and Pamphlets, completing to
Catalogues,
date the Academy's valuable files, have been recei~ed
Reports,
from the following· institutions and persons, and · thanks
Etc.
are cordially returned for the same:
San Francisco Art Association.
Hamilton Art School.
Drexel Institute, Philadelphia.
American Art Association, New York.
American Fine Arts Society, New York.
American Water Color Society.
Art Club, Philadelphia.
Art Museum, Eden Park, Cincinnati.
Art Association of Montreal.
The Academy of the 'Fine ' Arts
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R. M. Lindsay, Esq.
Architectural League of New York.
John G. Johnson, Esq.
Photographic Society of Philadelphia.
Pennsylvania Museum and School of Industrial Art.
Geographical Club, Philadelphia.
Normal Art School of ' Massachusetts.
ScIfool of Design, Rhode Island.
The Rochester Athenceum.
Maryland Institute, Baltimore.
Art Institute of Chicago.
Western Art Association of Omaha, Neb.
Grolier Club, New York.
Salmagundi Club, New York.
R. Hall McCormick, Esq.
Wm. Baumgarten, Esq.
School of Design for Women, Philadelphia.
Detroit Museum of Art:
Spring Garden Institute, Philadelphia.
Society of American Artists, New York.
St. Louis Museum of Fine Arts.
Metropolitan Art Museum, New York.
Boston Art Club.
Philadelphia Manual Training Schools.
National Academy of Design, New York.
School of Architecture, University of Pennsylvania.
Wilstach Gallery, Memorial Hall, Philadelphia.
Owens Art Institute, St. John, N. B.
Minneapolis School of Fine Arts.
Arts and Crafts, Philadelphia.
.,, l
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Lectures.
Eighty-eighth Annual Report
In continuan.ce of its aim to provide occasional
lectures, useful alike to the students of the ' Academy '
and to artists and the public at large, a course of two
lectures by Mr. W. Lewis Frazer, Manager of the Art
Department of the Cm.tu1J1 Magazin e, was given on
February 10 and 17, 1894. The titles of these were
Pencil and Graver in American Books for Two H undred Years; and Illustration: What it is and how to
Draw for it. The cordial thanks of the Academy are due to Mr. Frazer for his kindness in contributing these
. valuable discourses and the accompanying illustrations.
On the afternoon of February 10th, Mr. J: Wells
Champney spoke on Pastels and Pastellists, exhibiting
a number of illustrations by his own hand.
The name of Mr. J ohh LaFarge holds so high a
place in the annals of contemporary art that the Directors record with especial gratification the course of six
lectures given by him through the month of January,
1895. These .lectures were delivered in Gallery F and
drew a large attendance of students, artists, and the
cultivated public. That they were of unusual service in
promoting taste and in technical teaching was shown
by the attention with which they were received. The
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dates and titles of the course are as foHows :
January 15.-Essential Divisions of the Work of Art.
Jan uary 18.-Personality and Choice.
January 22.-Suggestion and Intentz.on.
January 25.-M£sapprehe1isions of Meaning.
January 29.-Maia, or Illus{ons.
February; I.-Sincerz.ty.
The Academy of the Fine ' Arts
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Through the generous efforts of a committee of
, ladies, ~consisting of M.rs. Cornelius Stevenson, Mrs.
Charles Platt, Jr., Mrs. Geoi-ge .Wharton Pepper, Mrs . .
Clarenc~ H .' Clark, Mrs. Edward H. Coates, Miss Char- .
lOtte Pepper, and .thelate ' Mrs. J. D.undas Lippincott, with
the ' assistance of Mr. john Lambert, Jr., a series of tableaux representing fam~us portraits, followed by a minuet
and ball, was held in the galleries on April.4th, for the
benefit of the cast collections of the University of Pennsylvania and of the Academy_ Nearly $700.00 were real, ized for the Academy. The cordial thanks of the management are due and n.ow publicly tendered to those who
organized a~d took part in the successful entertainment.
It is with a deep sense of personal loss that the
management announces the death, during the past year,
of Mr. J. Howard Gibson. The sentiments of the Board
were duly record ~d at the time of his decease in the
follOWIng minute, 'w hich expresses the esteem in which
he was held by his fellow-directors:
"The DireCtors of the Academy of the Fine
Arts have heard with profound regret of the death
on Friday,. the 6th inst. (April), of their associate, J.
Howard Gibson. Although the last elected member
of the Board (February, 1892), Mr. Gibson has been
most active in his interest in everything pertaining to
the ' welfare of the Academy, and the Board of Di- .
rectors wishes to place upon its minutes a sincere
acknowledgment of his services, and to record its
sense of the loss to this institution and to the city of
Philadelphia by reason of his death."
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Finances.
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Eighty-eighth Annual Report
The general statement of the Treasurer to December
3 I, 1894, and the profit and foss <l;ccount are submitted
herewith. From these it will be seen that the payments
for the year hav~ been $16,187.05, less receipts from all
sources, $ 14,171.93, leaving <'a deficiency of $2015.12, to
which add amount paid to Temple Trustees, in accordance with the will of Joseph E. Temple, $ 1800.00, and
amount transferred to the Gilpin Gallery Fund, $72 5.00,
resu~ting in a net deficiency of $4540.12.
In addition t.o the sums already received from the
estate of George S. Pepper, late President of the
Academy, there was paid into the treasury in February,
1894, $75 00.00.
From the estate of Benjamin Johnson, deceased, the
Academy received during the year an additional sum of
$5°0.00.
In concluding this report, the" Directors again call
attention to the pressing need "of g enerous contributions and a larger endowment fund to carryon the
work of the institution. This work is a general and a
public one, in which every citizen is interested, and its
success is inseparable from the welfare of the community.
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BA,LANCE
SHEET
BALANCE SHEET, PENNSYLV A,N IA ACADEMY
ASSETS.
Real Estate, Broad and Cherry Sts., General
,
Fund . .
. $478,009.18
32,902.22
Gilpin Fund . . . . . . .
Art Property . . . ; . . .
Library and School Property
Endowment Fund:
Temporary Loan . . .
. $4,750.00
Peerless Brick Co. Bonds.
. . . 20,000.00
Philadelphia & Reading R. R. Co. General
Mortgage _4 per cent. Bonds. . .
5.000.00
Richmond & Danville Equipment Trust
Bonds • . . . . . . .
.....
5,000.00
Mortgage, Fort Scott, Kansas. . . . . . 20,000.00
Sioux City Municipal 6 per cent. Bonds. . 10,000.00
Pennsylvania R.R. Equipment Trust Bonds 25,000.00
Mortgage, J. H. Sands, Roanoke . . . . 10,000.00
Central Car Trust Bonds • . • . . . . . 7,000.00
-St. Louis, Iron Mt. and S. Arkansas Bonds 5,000.00
Mortgage, E. D. and Rosa M. Smith, St.
David's . . . . . . . . . . . . . . 12,000.00
Mortgage, 10 N. Eighth St., Philadelphia. 40,000.00
Baltimore Belt Line, Gold 5 per cent. Bonds 10,000.00
Mortgage Note of W. A. Burr
3,000.00
Mortgage Note of Alice E. Hunt . . . . 3,000.00
Mortgage Note of J. S. Redman
4,000.00
$5 10,9 1 1.40
211, 283.85
2,774. 26
Pennsylvania Academy of the Fine Arts Bonds,
Temple Fund. . . . . . . . . . . . . . 60,000.00
Pennsylvania Academy of' the Fine Arts Bonds,
.
Gilpiri Fund . . . . . . . . ' . . . . . . 23,000.00
83,000.00
Charles Toppan Prize Fund:
Lehigh Valley R. R. 7 per cent. Bonds.
8,000.00
New England Loan and Trust Co. Bonds. 2,500.00
10,500.00
Investment Academy Medal Fund:
. Clearfield and Jefferson Bond . . . . .
Phillips Fund: .
.
Penna. R. R. Equipment Trust Bonds .
Norfolk & Western Car Trust Bonds . .
1,000.00
7,000.00
4,944. 83
Mary Smith Prize Fund: N. & W. Car Trust Bonds . . .
Gilpin Fund: New England Loan & Trust Co. Debentures
Album Account. . : . . . . .
Sixty-fourth Annual Exhibition.
Miscellaneous
Cash . . . . . . . . . . . .
II,944. 8 3
1,978 .5 6
4,85 0 .00
1,199·35
38 3. 69
949. 83
2,964. 25
$1,027.490.02
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OF THE FINE ARTS, DECEMBER 31, 1894.
LIABILITIES . .
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Capital Stock. . . . . . . . . . .
Surplus-Capital. . . ' , ' . . . . .
Old Stock . . . . . . . . . . . .
Mortgage, Broad and Cherry Streets '.
Loans Payable . . , . . . . . . .
Temple Trust Fund. . . . . . . .
Phillips Bequest . . . ' . . . . . .
Temple Trust Fund, Income Account
Charles Toppan Prize Fund . . . .
Mary Smith Prize Fund . ' . . . . .
Academy Medal Endowment Fund .
Mary Smith Prize Fund, Incom e Account
Gilpin Trust, Income Account . . . . .
Gilpin Fund.-In Trust for Gilpin Gallery:
Invested
Real Estate .
$458,500.00
13 2,053. 02
12,850.00
83,000.00
4,75 0 .00
60,000.00
12,000,00
855·84
10,500.00
2,000.00
1,000.00
236. II
262.00
. '$28,656.47
32,902.22
Endowment Fund
Travelling Scholarship, 1893- 1894
Travelling Scholarship, 1894-1895
Phillips Bequest, Income Account.
Charles Toppan Prize Fund, Incom e Account.
Cast Collection .
Miscellaneous . . . . . . . . . . . . . .
61,55 8 .69
184,000.00
200.00
, 400.00
64·5°
2.39 0 .73
537.3 8
33I.75
$1,027,49°.02
PROFIT AND LOSS BALANCES,
DECEMBER 3r, r894.
DR.
Interest . . . . .
General Expense.
Instruction . . . .
$4,73 2.00
5,7 20.77
7,33 2 • 1 5
CR.
Gilpin Trust; Income Account. . .
Endowment Fund, Income Account
Temple Trust, Income Account. .
.
General Exhibition . . . . . . .
Sixty-third Annual and Special Exhibitions
Balance-Net Loss . . . . . . . . . . .
$7 2 5. 00
9,055·73
1,800.00
1,37 0 .12
293·95
$ £3,244. 80
4,540 . 12
$17,7 84,9 2
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