89th Annual Report for the Pennsylvania Academy of the Fine Arts
Item
Title
89th Annual Report for the Pennsylvania Academy of the Fine Arts
Identifier
1895-AR.pdf
Date
1895
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
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extracted text
-EIGHTY-NINTH
AN.N UAL REPORT
FEBRUARY 4, 1895
FEBRUARY 3, 1896
THE PENNSYLVANIA
ACADEMY OF THE -FINE
A'RTS PHILADELPHIA
THE PENNSYLVANIA
AGADEMY OF THE FINE ARTS
FOUNDED 1805
EIGHTY-N INTH AN NUAL
REP 0 R T, FEB R U A R Y 4,
1895, TO FEBRUARY 3, 1896
. PHILADELPHIA
MDCCCXCVI
'
MANAGEMENT OF THE PENNSYL VANIA
ACADEMY OF ' THE FINE ARTS.
PRESIDENT,
EDWARD H. COATES.
VICE-PRESIDENT,
CLARENCE H. CLARK.
CLARENCE H. CLARK,
WILLIAM B. BEMENT,
E. BURGESS WARREN ,
CHARLES HENRY HART,
JOHN H. PACKARD, M.D.,
HENRY WHELEN , j R.,
DIRECTORS,
JOHN H. CONVERSE,
CHARLES HARE HUTCHINSON,
ALEXANDER BIDDLE,
FRANCIS W. LEWIS, 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, j R.
COMMITTEE ON' INSTRUCTlON,
JOHN H. PACKARD, M.D. , CHAIRMAN,
HENRY WI-:IELEN , jR. ,
CHARLES HARE HUTCHINSON,
FRANCIS W. LEWIS , M.D. , , THEOPHILUS P. CHANDLER, jR.
COMMITTEE ON EXHIBITIONS,
FRANCIS W. LEWIS, M.D., CHAIRMAN,
E. BURGESS WARREN,
JOHN H. PACKARD, M.D.,
CHARLES HENR Y HART,
CHARLES C. HARRISON.
FACULTY OF THE SCHOOLS,
THOMAS P. ANSHUTZ ,
CECILIA BEAUX,
JOSEPH DE' CAMP;
JOHN j. BOYLE,
WILL S. ROBINSON,
, HENRY THOURON,
GEORGE McCLELLAN, M.D. , HUGH H. BRECKENRIDGE.
THE EIGHTY-NINTH ANNUAL REPORT
THE PENNSYLVANIA ACADEMY OF THE FINE ARTS
FROM FEB. 4, 1895, TO FEB. 3, 18 96.
"
Ii
HE eighty-ninth year of the Pennsylvania
Academy of the Fine Arts terminates on
• •
Febt uary the third, r896, and" in accordH
ance with the usage of nearly a century,
the President and Board of Directors present to the
Stockholders the following annual report.
The stimulus in artistic taste noted in the last report,
as marking the community for whi~h the Academy
stands, has shown no abatement during the year just
passed. In all phases of art the interest has appeared
to be abundant and genuine, arid the Academy has
endeavored to cherish and direct this new current of
activity in the measure of its ability.
As a conservator and director of art in it~ galleries
and in its schools, the Academy has advanced commendably during the season covered by this report. Many
3
4
Eighty-ninth Annual , Report
valuable additions have been made to the permanent
collection. The Sixty-fifth Annual Exhibition has been
pronounced both by the press and by the public- to be
thoroughly representative of American art at this date,
and in this exhibition the Acade~y has been enabled,
, through the liberality of William L. Elkins, Esq., to
award a prize which has done much to develop interest
in American painting, and to direct the attention of the
country upon Philadelphia as a centre of art. This is
,also tr~'e of the enterprise which prompted the Academy
to form the Swedish collection and to secure the cooperation of other institutions in the East and West in
its exhibition, a venture which has resulted in uniting
these institutions in a bond of common interest. The
schools of the Academy have made progress in technical
results, in the number of students, and in methods of
administration. All this has been made apparent day by
, day in the press at home and elsewhere, and the management desires to return its cordial thanks for the
efficient aid so generously rendered.
Ar~
erty.
Prop-
The permanent collections of the ' Academy have
beeh enriched by the following additions:
Old I{ing Cole, decorative panel in water color by F.
Maxfield Parrish. Purchased frpm the Sixty-fourth
Annual Exhibition, 1895, by the Academy as Trustee
of the Gilpin Fund.
Portrait if a Lady ,i f the Period if Charles II., painting in oil. Presented by Dr. Francis W. Lewis.
\
The Academy of the Fine Arts
5
Memorial Tablet of .the late James P. Kelly, designed
by Charles Harley. . Presented by ' students ' of the
schools.
The Victory of Paionios, plaster cast from the antique.
Presented by Clarence H. Clark, Vice~ Pre~ident of
the Academy.
I
The Hermes with the Dionysos, plaster cast from the
antique. . Presented by Dr. Francis W. Lewis.
Nydia; marble statue by Randcil12h Rogers.
sented by Mrs. Bloomfield Moore. ,.
Pre- "
Masterpieces of Greek Sculpture, by Furtwangler.
Purchased for the Library,
. Portrait of theJC!te ' Richard ~aux, painting in oil by
John : McLure . Han:ilton. Presente1 by Alexander
Biddle, 'John, Cadwalader, A . J. Antelo, GeorgeC
Thomas, William L. Elkins, Charles C Harrison,
George H. McFadden, John H. Converse, Edward
H. Coates .
. ' Snowstor~n, landscape in oil, by Per Ekstr~m. · From
the collection of pictures by Sw~dish Artists, brought
out by the Acad~~y. . PUfcha?ed by the ' A'c~demy
from' its General Fund: and with th~ contributions '
of pr. Francis vV. Lewis and Mr. E.· Burgess
Warren . .
Three pictures of single figures, two in oil and one in
water color, by the latt; Philip Bahs, .a,. pupil of the
Atad~my".
Pr,e sented ' py~ Mrs. Chades ' B. . Hahs,
mother of the artist . .
6
Eighty-ninth Annual Report
Portrait of a New England Woman, painting in oil by
Miss Cecilia Beaux. Purchased from the Sixty-fifth
Annual Exhibition, I896, by the Academy as Trustee of the Temple Fund.
The Library has received a contribution of works
on art from Mr. Charles Hare Hutchinson.
,'\9
.\
Sixty-fourth
The Sixty-fourth Annual Exhibition had not reached
Annual Ex- a conclusion upon the issue of the last annual report.
hibition.
It wa,s a significant group of contemporary work occupying all the galleries on the north side, with the addition
of the largest southern gallery, never before used for an
annual exhibit. In the departments of sculpture and
architecture, it was unusually rich, a separate gallery
being devoted to the sculpture, which was well presented. The sales amol).nted to $3,3°0, covering thirteen
works.
From March 27th to April 6th, ~alleries F, G, and
Other
Exhibitions. H were respectively occupied by exhibitions of the work
of Mr. J. F. Raffaelli, Mr. E. A. Abbey, and Mr. Theodore Robinson, showing the characteristic · spirit of
three modern painters of widely different tendency.
Mr. Robinson's work was retained at the close of
the exhibition and kept on view through the early
summer.
In January and February, a group of seventy-nine
drawings in black and white, lent by the Century Maga'zine, was shown in the corridor.
The Academy of the . Fine· Arts
7
FrQm May 1st to May 11th, a collection of ancient
Chinese Buddhistic paintings, belonging to the Temple
Daitokuji of Kioto, Japan, was exhibited in gallery H.
The fall season opened on November 5th, with ·the
Chrysanthemum Show · of the Horticultural Society,
which occupied the entire area of the galleries. This
remained open until November 9.
From November 13th to December 5th, Galleries F
and\ G were devoted to the collection of Swedish paintings, brought together for the Academy by Mr. Anders
L. Zorn, in Sweden. This exhibition met with wide
recognition for its intrinsic value as well as for its unique
character, and the Academy was much commended for
the enterprise which inspired the venture. Its beneficial
effect-s will be further felt in uniting ·even more closely
the several art institutions which have joined with the
Academy in making it possible. These are: the Cincinnati Museum, the St. Louis Museum of Fine Arts, the
Art Institute, Chicago; the Boston Art Club, and the
Pratt Institute, of Brooklyn; each of which
will show
.
the collection in turn, and bear its share of .the total cost
This movement marks a new order in the co-operation
of American Art Institutions,and its· suc'cess thus far
has well justified its inauguration by the Academy.
From this exhibition were sold" The Cigarette Smoker,"
by Anders L. Zorn; "The Peasant Hunter," by Bruno
Liljefors; and" Snowstorm," by Per Ekstrom.
Between the same dates as those of the Swedish Exhibition, a group of paintings by Mr. Marcy Pendleton
was exhibited in G:all~ry H.
.
Eighty-ninth Annual Report
8
The Sixty-fifth Annual . Exhibition was inaugurated
Sixty-fifth
Annual Ex- by a p-rivate view and evening reception on Saturday,
hibition.
December '21," 1895. For the Teception~ the hostesses,
to whom Jhe Academy renders its thanks, were:
MRS. S. WEIR MITCHELL,
MRS. GEORGE BROOKE,
MRS. GEORGE BOKER,
MRS.
:r'viRS. JOHN. G. JOHN!?ON,
MRS. GEORGE WHARTON PEPPER;
.
M~s·.
-
ARTHUR BIDDLE,
C. STUaRT PATTERSON.,
MRS. J : MADISON TAYLOR,
MISS PAGE .
. The exhibition has met with appreciation from both
the press and the public. The papers of Philadelphia,
New York, and Boston have devoted unusual space
to' descriptions of its many exceptional features;
The especial thanks of the Acade~y are due to
American artists abroad ' and at .home for their hearty
co'- operation, which, with the far-reaching effects of the
prize authorized by William L Elkins, Esq., has enabled
the Academy to produce the present result.
.
"
The Catalogue co:ntains 762 numbers, of which 359
are oil paintings, 27 sculpture, and 376 water colors, pastels, and drawings. The unaccustomed strength of the
latter branch of the exhibition is ' due to especialeffor,ts
to bring water-color work into a fuller relation with the
test of the exhibit.
The collection fills eve~y gallery :saving. D and E:.and
is therefore the largest Annual Exhibition ever shown
by the Academy.
The Juries of Selection and the Hanging Comniittee
are as follows:
The Academy of the Fine, Arts
'9
Paintil1g.
JOHN McLuRE HAMILTON,
CHARLES A. PLATT,
HENRY THOURON,
KENNETH FRAZIER,
THOMAS P. ANSHUTZ,
HOWARD RUSSELL BUTLER,
C. TARBELL,
HUGH H. BRECKENRIDGE,
EDMUND
EDWARD W. REDFIELD,
PHILIP HALE,
WILLIAM M. CHASE,
FRANK H. TOMPKINS.
Ha1'{-ging Committee.
JOHN McLURE HAMILTON,
ED~UND
HUGH H. BRECKENRIDGE,
HENRY THOURON,
C. TARBELL,
KENNETH FRAZIER.
Sculpture.
HERBERT ADAMS,
JOHN
J.
BOYLE,
SAMUEL MURRAY.
The display of Architectural Drawings and Designs,
always a marked feature of the Annual Exhibition, is
unusually full an? excellent, placing this branch of
artistic work where it belongs, beside its si,s ter arts of
painting and sculpture. The exhibit occupies the east
corridors and north and south transepts. In the former
is shown a memorial collection of the work of the late
Richard Morris H lint. The separate Catalogue of the
Architectural Exhibition is an elaborate illustrated book
of 164 pages, which is circulated throughout the country.
The Architectural Jury consists of the following
architects:
EDGAR
V.
SEELER,
WILSON EYRE, JR.,
WILLIAM
C. PRICHETT, JR.,
WALTER COPE,
ALBERT KELSEY,
THOMAS HASTINGS,
ERNEST FLAGG,
C. HOWARD WALKER,
CLARENCE H, BLACKALL.
Eighty-ninth Annual Report
10
Medals and'
The $5,000 prize offered by William L. Elkins was
awarded
to
Prizes.
Abbott H. Thayer, for his picture entitled Caritas, $3,000;
Edmund C. Tarbell, for his picture entitled Girl
wit/z the White Azaleas, $2,000;
by a jury consisting of four artists and three laymen, as
follows:
HENRY
JOH.N
G.
G.
JOHNSON,
ROBERTF. BLUM,
FRANK
W.
BENSON,
MARQUAND,
Chairman,
DR. ALFRED
C. LAMBDIN,
EDWA,im SIMMONS,
ROBERT
W.
VONNOH.
The. Academy Gold Medal of Honor, founded by
John H. Converse, was awarded by the Board of Directors to Winslow Homer. ,
The Gold Medals of the Temple Fund were awarded
by the Jury of Painters to the following exhibitors:
Gari Melchers, for his picture entitled The Family.
Humphreys Johnson, for his picture entitled Le
Domino Rose.
The Walter Lippincott Prize of .$ 300 was awarded
by the Committee on Exhibition of the Academy to
William L. Picknell, for his picture entitled Morning on '
the Loing.
The Mary Smith Prize of $100 was awarded by
the Committee on Exhibition of the Academy to Elizabeth H. Watson, for her picture entitled Portrait of Rev.
Dr. Watson.
Attendance.
The attendance on the various exhibitions and other
features of interest during the year has been as follows:
The Academy of the Fine Arts
I I
The paid admissions were 28,43°; the free admissions,
~xcluding lectures, have reached 45,535, making a total
of 73,965. The Academy was closed for extensive repairs to: the galleries during part of June, July, and
August, and hence lost the patronage of many summer
visitors.
The satisfactory condition of the schools IS due The
partly to careful organization, but largely also to the Schools.
instructors, now consisting of the following:
THOMAS
P.
ANSHUTZ,
JOSEPH DECAMP,
WILL
S.
ROBINSON,
GEORGE MCCLELLAN, M.D.,
,
)
CECILIA BEAUX,
HENRY THOURON,
JOH N J. BOYLE,
HUGH H. BRECKENRIDGE.
Ex;hibitions of students' work were held .in the spring
and fall. In the former were included the pictures in
competition for the Charles Toppan Prizes, the subjects being Sympathy and Motherhood. The prizes were
awarded as follows by the Comm.ittee 'on Instruction:
First Prz'ze, $200, to May E. Fratz.
S econd Pnz e, $ 100, to H. N. Russell.
For the Fall Exhibition a prize was offered by Miss
Sarah 1. Field, a pupil of the school, consisting of a
valuable antique Grecian vase. This ' was awarded to
. Fred R. Gruger.
The Travelling Scholarship, ' amounting
which has been made available for the past
through the liberality of a member of the
the. Academy, was this year conferred upon
Sheppard, who is now working in Paris.
to $800,
five years
Board of
W. H. C.
"
12
Eighty-ninth Annual Report
At the request of t.h e. Minneapolis. School of Fine ·
Arts, a collection of the Academy school work was; in
December, sent there for exhibition.
The resources of the Academy being inadequate
to conduct the schools in accordance with the. best contemporary methods, an appeal was made, for the .first
time in the history of the Academy, to the authorities of
the city for aid to advance the work so important to an
enlightened community. This was responded to in a
liberal spirit by the City Councils, who, in consideration
of fifteen scholarships to be awarded annually to pupils
from the city schools, appropriated the sum of $5,000.
The school equipment in area and appliances has
been pronounced by experienced visitors as unsurpassed
in the country.
Catalogues, reports, and pamphlets, completing to
Catalogues,
Reports,
date the Academy's valuable files, have been received
Etc~
from the following institutions and persons, and thanks ~
are cordially returned for the same:
St. Louis Mercantile Library Association.
Union League, New York~
Society of American Artists, New York. .
Cosmopolitan Art Club, Chicago.
Art Club, Philadelphia.
Pennsylvania Museum and School of Industrial Art.
Massachusetts Charitable Mechanics Association .
. Philadelp~ia City Institute.
Museum of the Fine Arts, Boston.
..
The Academy · of the 'Fine Arts
13
Royal Canadian Aca:demy of Arts, Toronto.
Franklin. Institute, Philadelphia.
Northeast Manual Training School, Philadelphia.
Buffalo Chapter, American Institute of Architects .
. Grolier Club, New York.
Art Association of MONtreal.
Providence Art Club.
National Academy of Design, New York.
Arts and Crafts Association of Hamilton, Ont.
Boston Public Library.
Detroit Museum of Art.
Art Institute of Chicago.
Cincinnati Museum Association.
P~otographic Society of Philadelphia.
Ontario Society of Artists.
Mr.). M. Bowles, Boston.
Beloit College.
Clevelanq Art Association.
Rochester Athenceum and Mechanics' 'Institute.
Massachusetts Normal Art School.
Water Color Club, New York.
Metropolitan Museum, New York.
National Academy of Design, New York.
Americari Architect, Boston.
Charles Sherwood, Secretary, Bridgeport; Conn.
'- .'::. , American. Art Association. \
Mr. ,W . H. Ketchum.
Spring Garden Institute, Philadelphia.
Boston .Art Club.
School of Architecture, University of Pennsylvania:
•
14
Lectures.
Eighty-ninth Annual Report
The following lectures weue given during the year:
On February 8th, the late Mr: Thomas Rovenden
delivered a thoughtful lecture, entitled, "What is the
Purpose of- Art ?"
On February 15th, the venerable artist and editor,
Mr. John Sartain, to whom the Academy is so much indebted for life~long labors in its' behalf, gave a paper,
with examples from his own valua,ble print collection,
entitled, " Engravers and Engraving."
The distinguished French artist, J ean Fran~ois
Raffaeli, lectured on April 2d and 5th. The subjects
being, "The French School .of ·1830, and The I~pres
sionists," and "A Bird's-eye View of Art from the
Romans to the Nineteenth Century." These lectures
M. Raffaelli's works, and
accompanied the exhibition
were attended J:>y large and interested audiences.
of
The need of renovation of the galleries had long
been recognized by the ma~agemerit, and this was
undertaken through the summ.er season. The walls
were relined with material of dark red, and the ceilings
were tinted in a complementary tone.
The year has been made memorable by the loss of
three artists who did honor to the community and to the
Academy eo' which they were severally attached. The
death of Thomas Rovenden was lamented by friends
won for him from all parts ." of the land by his sympathetic art, as well as by that nearer circle who loved
him for his OWP noble qualities of heart and mind. Re
The Academy of the Fine Arts
IS
was m 1891 and .1892 -an instructor in the Academy
. schools, and several of his most important · w0f.ks w..e re
first shown in the annual exhibitions.
The venerable artist, Peter F. Rothermel, whose early
fame brought repute to this institution, of which he was
an Academi~ian, and to Philadelphia, died in August, .
and earlier in the year occurred the death of Isaac L.
Williams, also an Academician of the Pennsylvania Academy, and a sincere and .skilful a; tist.
The general statement of the Treasurer to December Finances.
31, 1895, and the profit and loss account are submitted
in the following pages. From these it will be seen that
the receipts have been $20,140.64, and the disbursement
$21,367.24, resulting in a net deficiency of $1,226.60.
In February, 1895 , the final payment from the Neill
bequest was received, amounting to $1,28748.
In addition to the sums already received from the
estate of George S. Pepper, late President of the
'Academy, there were paid to the Treasurer by the
Executors, on February 28th, $6,250, and on December
31st,'$2,500.
The President and Directors desire to call especial
attention to this ' most important bequest! already referred to in previous reports, which now amounts to
seventy-one thousand, three hundred and seventy-five
dollars ($71,375). This is held by the Trustees of the
Endowment Fund in, a separate account, the income
only being available for the maihtenance of the institution; and the support of new work undertaken by the
16
Eighty-ninth Annual' Report
Academy. The ' far-reaching results of this and like
noble benefactions cahnot be 'over-estimated, and their '
founders are entitled to the lasting and grateful remem..;.
brance of the whole cOn,1munity. .
,EDWARD H: COATES,
President,
HARRISON S. MORRIS,
Secretary .
'
.. ,
BALANCE.. SHEET
·
.
~
~
~
BALANCE SHEET, PENNSYLVANIA ACADEMY
ASSETS.
Real. Estate, Broad and Cherry Sts., General
Fund. . . . . .
. $478,009.18
Gilpin Gallery Fund . . . . . . . . . , . 32,902.22
Art Property. . . . . . ;
Library and School Property
$ 5 10 ,9 1 1.4°
211, 28 3.85
2,7 89.5 6
"
Endowment Fund;
Temporary Loan . . . . . . . . . . . . '4,75°.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
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
Baltimore Belt Line, Gold 5 per cent. Bonds 10,000.00
113,75 0 . 00
Temple Trust Fund;
Pennsylvania Academy of the Fine Arts
.•...
Bonds . . . . . . "
60,000.00
Gilpin Trust Fund:
Pennsylvania Academy of the Fine Arts
.....
Bonds . . . . . . . ' .
23,000.00
83,000.00
Pepper Trust Fund:
Mortgage, 10 N. Eighth St., Philadelphia.
Mortgage, Fort Scott, Kansas . .
.
Mortgage Note of W. A. Burr. .
Mortgage Note of Alice E. Hunt. . . . .
Mortgage Note of J. S. Redman. . • . .
40,000.00
20,000.00
3,000.00
3,000.00
4,000.00
7 0 ,000.00
Gilpin Fund: New England Loan & Trust Co.
Debentures . . . . . . • . . . . . . . .
Charles Tappan Prize Fund:
, Lehigh Valley R. R. 7 per cent. Bonds
New England Loan and Trust Co. Bonds
4,85°. 00
8,00'0 .00
2,5 00 . 00
10,500. 00
Investment Academy Medal Fund:
Clearfield and Jefferson Bond
1,000.00
Phillips Fund:
Penna. R. R. Equipment Trnst Bonds.
Norfolk & Western Car Trust Bonds
Carried fo~ward
7,000.00
4,944. 8 3
$1,020,02 9. 6 4
IS
OF THE FINE ARTS, DECE,MBER 3 I, 1895.
$1,020,029. 64
Brought fonvard. . . . . .
Mary Smith Prize Fund: N. & W. Car Trust Bonds.
Album Account . . . . . . . .
Permanent Catalogues. . . . . .
Architectunil Catalogue, 1895-1896
Sixty-fifth Annual Exhibition. . .
Loan Account, Swedish Exhibition
M.iscellaneous· . . . . . . . . .
Cash:
General Fund .
Endowment Fund .
Pepper Trust Fund .
Temple Trust Fund
Toppan Trust Fund
. 1.91 8.5 6
184.35
45 0 .00
534. 21
684-4 2
695. 60
1,940 .03
531.99
6,966. 12
1,375. 00
126.77
2,934.4 1
LIABILITIES . .
Capital Stock. . . . . .
Surplus Capital. . " . .
Old Stock . . . . . . .
Mortgage, Broad and Cherry Streets .
Loans Payable . . . . . . . . . .
Gilpin Fund.-In Trust for Gilpin Gallery :
Invested . .
Real Estate . . . . . .
$458,500.00
13 1,II3·90
12,850.00
83,000.00
4,75 0 .00
. $28,65 6 -47
Gilpin Trust, Income Account
Phillips Trust Fund. . . . .
.
Charles Toppan Prize Fund
Charles Toppan Prize Fund, Income Account .
Mary Smith Prize Fund . . . . . . : .
Mary Smith Pl:ize Fund, Income Account .
Temple Trust Fund. . . . . . . .
Temple Trust Fund, Income Account
Pepper Trust Fund . . . . . . .
Endowment Fund. . . . . . . .
Academy Medal Endowment Fund
Cast Collection. . . . . .. . . .
Travelling Scholarship, 1895-1896.
Miscellaneous . . . . . . . . .
32,902.2~
61,55 8 . 69
887.00
12,000.00
10,500.00
2,934.4 1
2,000.00
13 6. 11
60,000.00
2,553·77
7 1,375. 00
121,606.22
1,000.09
516.00
600.00
55 0 . 00
PROFIT AND LOSS .BALANCES,
DECEMBER 3 I,
I
895.
DR.
Instruction. . . .
Interest ; . . . .
General Expense .
Sixty-fourth Annual
$7,840 .75
4,674. 0 7
7,406·35
1,446 .0 7
. . . . .
. . . . .
. . . . .
Exhibition
$21,3 6 7. 24
CR.
General Exhibition . . .
Orchestra Concerts . . . .
Gilpin Trust, Income Account
Phillips Trust, Income Account.
. Temple Trust, Income Account.
Pepper Trust, Income Account .
Endowment Fund, Income Account
Scholarship Fund from City of Philadelphia.
Balance-N et Loss . . . . . . . . .
20
$2;24 2.77
4 62 .5 1
72 5. 00
66.5 0
1,800.00
.3,200.00
6,643- 86
5,000.00
- - - - - $20,140.64
1,226.60
AN.N UAL REPORT
FEBRUARY 4, 1895
FEBRUARY 3, 1896
THE PENNSYLVANIA
ACADEMY OF THE -FINE
A'RTS PHILADELPHIA
THE PENNSYLVANIA
AGADEMY OF THE FINE ARTS
FOUNDED 1805
EIGHTY-N INTH AN NUAL
REP 0 R T, FEB R U A R Y 4,
1895, TO FEBRUARY 3, 1896
. PHILADELPHIA
MDCCCXCVI
'
MANAGEMENT OF THE PENNSYL VANIA
ACADEMY OF ' THE FINE ARTS.
PRESIDENT,
EDWARD H. COATES.
VICE-PRESIDENT,
CLARENCE H. CLARK.
CLARENCE H. CLARK,
WILLIAM B. BEMENT,
E. BURGESS WARREN ,
CHARLES HENRY HART,
JOHN H. PACKARD, M.D.,
HENRY WHELEN , j R.,
DIRECTORS,
JOHN H. CONVERSE,
CHARLES HARE HUTCHINSON,
ALEXANDER BIDDLE,
FRANCIS W. LEWIS, 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, j R.
COMMITTEE ON' INSTRUCTlON,
JOHN H. PACKARD, M.D. , CHAIRMAN,
HENRY WI-:IELEN , jR. ,
CHARLES HARE HUTCHINSON,
FRANCIS W. LEWIS , M.D. , , THEOPHILUS P. CHANDLER, jR.
COMMITTEE ON EXHIBITIONS,
FRANCIS W. LEWIS, M.D., CHAIRMAN,
E. BURGESS WARREN,
JOHN H. PACKARD, M.D.,
CHARLES HENR Y HART,
CHARLES C. HARRISON.
FACULTY OF THE SCHOOLS,
THOMAS P. ANSHUTZ ,
CECILIA BEAUX,
JOSEPH DE' CAMP;
JOHN j. BOYLE,
WILL S. ROBINSON,
, HENRY THOURON,
GEORGE McCLELLAN, M.D. , HUGH H. BRECKENRIDGE.
THE EIGHTY-NINTH ANNUAL REPORT
THE PENNSYLVANIA ACADEMY OF THE FINE ARTS
FROM FEB. 4, 1895, TO FEB. 3, 18 96.
"
Ii
HE eighty-ninth year of the Pennsylvania
Academy of the Fine Arts terminates on
• •
Febt uary the third, r896, and" in accordH
ance with the usage of nearly a century,
the President and Board of Directors present to the
Stockholders the following annual report.
The stimulus in artistic taste noted in the last report,
as marking the community for whi~h the Academy
stands, has shown no abatement during the year just
passed. In all phases of art the interest has appeared
to be abundant and genuine, arid the Academy has
endeavored to cherish and direct this new current of
activity in the measure of its ability.
As a conservator and director of art in it~ galleries
and in its schools, the Academy has advanced commendably during the season covered by this report. Many
3
4
Eighty-ninth Annual , Report
valuable additions have been made to the permanent
collection. The Sixty-fifth Annual Exhibition has been
pronounced both by the press and by the public- to be
thoroughly representative of American art at this date,
and in this exhibition the Acade~y has been enabled,
, through the liberality of William L. Elkins, Esq., to
award a prize which has done much to develop interest
in American painting, and to direct the attention of the
country upon Philadelphia as a centre of art. This is
,also tr~'e of the enterprise which prompted the Academy
to form the Swedish collection and to secure the cooperation of other institutions in the East and West in
its exhibition, a venture which has resulted in uniting
these institutions in a bond of common interest. The
schools of the Academy have made progress in technical
results, in the number of students, and in methods of
administration. All this has been made apparent day by
, day in the press at home and elsewhere, and the management desires to return its cordial thanks for the
efficient aid so generously rendered.
Ar~
erty.
Prop-
The permanent collections of the ' Academy have
beeh enriched by the following additions:
Old I{ing Cole, decorative panel in water color by F.
Maxfield Parrish. Purchased frpm the Sixty-fourth
Annual Exhibition, 1895, by the Academy as Trustee
of the Gilpin Fund.
Portrait if a Lady ,i f the Period if Charles II., painting in oil. Presented by Dr. Francis W. Lewis.
\
The Academy of the Fine Arts
5
Memorial Tablet of .the late James P. Kelly, designed
by Charles Harley. . Presented by ' students ' of the
schools.
The Victory of Paionios, plaster cast from the antique.
Presented by Clarence H. Clark, Vice~ Pre~ident of
the Academy.
I
The Hermes with the Dionysos, plaster cast from the
antique. . Presented by Dr. Francis W. Lewis.
Nydia; marble statue by Randcil12h Rogers.
sented by Mrs. Bloomfield Moore. ,.
Pre- "
Masterpieces of Greek Sculpture, by Furtwangler.
Purchased for the Library,
. Portrait of theJC!te ' Richard ~aux, painting in oil by
John : McLure . Han:ilton. Presente1 by Alexander
Biddle, 'John, Cadwalader, A . J. Antelo, GeorgeC
Thomas, William L. Elkins, Charles C Harrison,
George H. McFadden, John H. Converse, Edward
H. Coates .
. ' Snowstor~n, landscape in oil, by Per Ekstr~m. · From
the collection of pictures by Sw~dish Artists, brought
out by the Acad~~y. . PUfcha?ed by the ' A'c~demy
from' its General Fund: and with th~ contributions '
of pr. Francis vV. Lewis and Mr. E.· Burgess
Warren . .
Three pictures of single figures, two in oil and one in
water color, by the latt; Philip Bahs, .a,. pupil of the
Atad~my".
Pr,e sented ' py~ Mrs. Chades ' B. . Hahs,
mother of the artist . .
6
Eighty-ninth Annual Report
Portrait of a New England Woman, painting in oil by
Miss Cecilia Beaux. Purchased from the Sixty-fifth
Annual Exhibition, I896, by the Academy as Trustee of the Temple Fund.
The Library has received a contribution of works
on art from Mr. Charles Hare Hutchinson.
,'\9
.\
Sixty-fourth
The Sixty-fourth Annual Exhibition had not reached
Annual Ex- a conclusion upon the issue of the last annual report.
hibition.
It wa,s a significant group of contemporary work occupying all the galleries on the north side, with the addition
of the largest southern gallery, never before used for an
annual exhibit. In the departments of sculpture and
architecture, it was unusually rich, a separate gallery
being devoted to the sculpture, which was well presented. The sales amol).nted to $3,3°0, covering thirteen
works.
From March 27th to April 6th, ~alleries F, G, and
Other
Exhibitions. H were respectively occupied by exhibitions of the work
of Mr. J. F. Raffaelli, Mr. E. A. Abbey, and Mr. Theodore Robinson, showing the characteristic · spirit of
three modern painters of widely different tendency.
Mr. Robinson's work was retained at the close of
the exhibition and kept on view through the early
summer.
In January and February, a group of seventy-nine
drawings in black and white, lent by the Century Maga'zine, was shown in the corridor.
The Academy of the . Fine· Arts
7
FrQm May 1st to May 11th, a collection of ancient
Chinese Buddhistic paintings, belonging to the Temple
Daitokuji of Kioto, Japan, was exhibited in gallery H.
The fall season opened on November 5th, with ·the
Chrysanthemum Show · of the Horticultural Society,
which occupied the entire area of the galleries. This
remained open until November 9.
From November 13th to December 5th, Galleries F
and\ G were devoted to the collection of Swedish paintings, brought together for the Academy by Mr. Anders
L. Zorn, in Sweden. This exhibition met with wide
recognition for its intrinsic value as well as for its unique
character, and the Academy was much commended for
the enterprise which inspired the venture. Its beneficial
effect-s will be further felt in uniting ·even more closely
the several art institutions which have joined with the
Academy in making it possible. These are: the Cincinnati Museum, the St. Louis Museum of Fine Arts, the
Art Institute, Chicago; the Boston Art Club, and the
Pratt Institute, of Brooklyn; each of which
will show
.
the collection in turn, and bear its share of .the total cost
This movement marks a new order in the co-operation
of American Art Institutions,and its· suc'cess thus far
has well justified its inauguration by the Academy.
From this exhibition were sold" The Cigarette Smoker,"
by Anders L. Zorn; "The Peasant Hunter," by Bruno
Liljefors; and" Snowstorm," by Per Ekstrom.
Between the same dates as those of the Swedish Exhibition, a group of paintings by Mr. Marcy Pendleton
was exhibited in G:all~ry H.
.
Eighty-ninth Annual Report
8
The Sixty-fifth Annual . Exhibition was inaugurated
Sixty-fifth
Annual Ex- by a p-rivate view and evening reception on Saturday,
hibition.
December '21," 1895. For the Teception~ the hostesses,
to whom Jhe Academy renders its thanks, were:
MRS. S. WEIR MITCHELL,
MRS. GEORGE BROOKE,
MRS. GEORGE BOKER,
MRS.
:r'viRS. JOHN. G. JOHN!?ON,
MRS. GEORGE WHARTON PEPPER;
.
M~s·.
-
ARTHUR BIDDLE,
C. STUaRT PATTERSON.,
MRS. J : MADISON TAYLOR,
MISS PAGE .
. The exhibition has met with appreciation from both
the press and the public. The papers of Philadelphia,
New York, and Boston have devoted unusual space
to' descriptions of its many exceptional features;
The especial thanks of the Acade~y are due to
American artists abroad ' and at .home for their hearty
co'- operation, which, with the far-reaching effects of the
prize authorized by William L Elkins, Esq., has enabled
the Academy to produce the present result.
.
"
The Catalogue co:ntains 762 numbers, of which 359
are oil paintings, 27 sculpture, and 376 water colors, pastels, and drawings. The unaccustomed strength of the
latter branch of the exhibition is ' due to especialeffor,ts
to bring water-color work into a fuller relation with the
test of the exhibit.
The collection fills eve~y gallery :saving. D and E:.and
is therefore the largest Annual Exhibition ever shown
by the Academy.
The Juries of Selection and the Hanging Comniittee
are as follows:
The Academy of the Fine, Arts
'9
Paintil1g.
JOHN McLuRE HAMILTON,
CHARLES A. PLATT,
HENRY THOURON,
KENNETH FRAZIER,
THOMAS P. ANSHUTZ,
HOWARD RUSSELL BUTLER,
C. TARBELL,
HUGH H. BRECKENRIDGE,
EDMUND
EDWARD W. REDFIELD,
PHILIP HALE,
WILLIAM M. CHASE,
FRANK H. TOMPKINS.
Ha1'{-ging Committee.
JOHN McLURE HAMILTON,
ED~UND
HUGH H. BRECKENRIDGE,
HENRY THOURON,
C. TARBELL,
KENNETH FRAZIER.
Sculpture.
HERBERT ADAMS,
JOHN
J.
BOYLE,
SAMUEL MURRAY.
The display of Architectural Drawings and Designs,
always a marked feature of the Annual Exhibition, is
unusually full an? excellent, placing this branch of
artistic work where it belongs, beside its si,s ter arts of
painting and sculpture. The exhibit occupies the east
corridors and north and south transepts. In the former
is shown a memorial collection of the work of the late
Richard Morris H lint. The separate Catalogue of the
Architectural Exhibition is an elaborate illustrated book
of 164 pages, which is circulated throughout the country.
The Architectural Jury consists of the following
architects:
EDGAR
V.
SEELER,
WILSON EYRE, JR.,
WILLIAM
C. PRICHETT, JR.,
WALTER COPE,
ALBERT KELSEY,
THOMAS HASTINGS,
ERNEST FLAGG,
C. HOWARD WALKER,
CLARENCE H, BLACKALL.
Eighty-ninth Annual Report
10
Medals and'
The $5,000 prize offered by William L. Elkins was
awarded
to
Prizes.
Abbott H. Thayer, for his picture entitled Caritas, $3,000;
Edmund C. Tarbell, for his picture entitled Girl
wit/z the White Azaleas, $2,000;
by a jury consisting of four artists and three laymen, as
follows:
HENRY
JOH.N
G.
G.
JOHNSON,
ROBERTF. BLUM,
FRANK
W.
BENSON,
MARQUAND,
Chairman,
DR. ALFRED
C. LAMBDIN,
EDWA,im SIMMONS,
ROBERT
W.
VONNOH.
The. Academy Gold Medal of Honor, founded by
John H. Converse, was awarded by the Board of Directors to Winslow Homer. ,
The Gold Medals of the Temple Fund were awarded
by the Jury of Painters to the following exhibitors:
Gari Melchers, for his picture entitled The Family.
Humphreys Johnson, for his picture entitled Le
Domino Rose.
The Walter Lippincott Prize of .$ 300 was awarded
by the Committee on Exhibition of the Academy to
William L. Picknell, for his picture entitled Morning on '
the Loing.
The Mary Smith Prize of $100 was awarded by
the Committee on Exhibition of the Academy to Elizabeth H. Watson, for her picture entitled Portrait of Rev.
Dr. Watson.
Attendance.
The attendance on the various exhibitions and other
features of interest during the year has been as follows:
The Academy of the Fine Arts
I I
The paid admissions were 28,43°; the free admissions,
~xcluding lectures, have reached 45,535, making a total
of 73,965. The Academy was closed for extensive repairs to: the galleries during part of June, July, and
August, and hence lost the patronage of many summer
visitors.
The satisfactory condition of the schools IS due The
partly to careful organization, but largely also to the Schools.
instructors, now consisting of the following:
THOMAS
P.
ANSHUTZ,
JOSEPH DECAMP,
WILL
S.
ROBINSON,
GEORGE MCCLELLAN, M.D.,
,
)
CECILIA BEAUX,
HENRY THOURON,
JOH N J. BOYLE,
HUGH H. BRECKENRIDGE.
Ex;hibitions of students' work were held .in the spring
and fall. In the former were included the pictures in
competition for the Charles Toppan Prizes, the subjects being Sympathy and Motherhood. The prizes were
awarded as follows by the Comm.ittee 'on Instruction:
First Prz'ze, $200, to May E. Fratz.
S econd Pnz e, $ 100, to H. N. Russell.
For the Fall Exhibition a prize was offered by Miss
Sarah 1. Field, a pupil of the school, consisting of a
valuable antique Grecian vase. This ' was awarded to
. Fred R. Gruger.
The Travelling Scholarship, ' amounting
which has been made available for the past
through the liberality of a member of the
the. Academy, was this year conferred upon
Sheppard, who is now working in Paris.
to $800,
five years
Board of
W. H. C.
"
12
Eighty-ninth Annual Report
At the request of t.h e. Minneapolis. School of Fine ·
Arts, a collection of the Academy school work was; in
December, sent there for exhibition.
The resources of the Academy being inadequate
to conduct the schools in accordance with the. best contemporary methods, an appeal was made, for the .first
time in the history of the Academy, to the authorities of
the city for aid to advance the work so important to an
enlightened community. This was responded to in a
liberal spirit by the City Councils, who, in consideration
of fifteen scholarships to be awarded annually to pupils
from the city schools, appropriated the sum of $5,000.
The school equipment in area and appliances has
been pronounced by experienced visitors as unsurpassed
in the country.
Catalogues, reports, and pamphlets, completing to
Catalogues,
Reports,
date the Academy's valuable files, have been received
Etc~
from the following institutions and persons, and thanks ~
are cordially returned for the same:
St. Louis Mercantile Library Association.
Union League, New York~
Society of American Artists, New York. .
Cosmopolitan Art Club, Chicago.
Art Club, Philadelphia.
Pennsylvania Museum and School of Industrial Art.
Massachusetts Charitable Mechanics Association .
. Philadelp~ia City Institute.
Museum of the Fine Arts, Boston.
..
The Academy · of the 'Fine Arts
13
Royal Canadian Aca:demy of Arts, Toronto.
Franklin. Institute, Philadelphia.
Northeast Manual Training School, Philadelphia.
Buffalo Chapter, American Institute of Architects .
. Grolier Club, New York.
Art Association of MONtreal.
Providence Art Club.
National Academy of Design, New York.
Arts and Crafts Association of Hamilton, Ont.
Boston Public Library.
Detroit Museum of Art.
Art Institute of Chicago.
Cincinnati Museum Association.
P~otographic Society of Philadelphia.
Ontario Society of Artists.
Mr.). M. Bowles, Boston.
Beloit College.
Clevelanq Art Association.
Rochester Athenceum and Mechanics' 'Institute.
Massachusetts Normal Art School.
Water Color Club, New York.
Metropolitan Museum, New York.
National Academy of Design, New York.
Americari Architect, Boston.
Charles Sherwood, Secretary, Bridgeport; Conn.
'- .'::. , American. Art Association. \
Mr. ,W . H. Ketchum.
Spring Garden Institute, Philadelphia.
Boston .Art Club.
School of Architecture, University of Pennsylvania:
•
14
Lectures.
Eighty-ninth Annual Report
The following lectures weue given during the year:
On February 8th, the late Mr: Thomas Rovenden
delivered a thoughtful lecture, entitled, "What is the
Purpose of- Art ?"
On February 15th, the venerable artist and editor,
Mr. John Sartain, to whom the Academy is so much indebted for life~long labors in its' behalf, gave a paper,
with examples from his own valua,ble print collection,
entitled, " Engravers and Engraving."
The distinguished French artist, J ean Fran~ois
Raffaeli, lectured on April 2d and 5th. The subjects
being, "The French School .of ·1830, and The I~pres
sionists," and "A Bird's-eye View of Art from the
Romans to the Nineteenth Century." These lectures
M. Raffaelli's works, and
accompanied the exhibition
were attended J:>y large and interested audiences.
of
The need of renovation of the galleries had long
been recognized by the ma~agemerit, and this was
undertaken through the summ.er season. The walls
were relined with material of dark red, and the ceilings
were tinted in a complementary tone.
The year has been made memorable by the loss of
three artists who did honor to the community and to the
Academy eo' which they were severally attached. The
death of Thomas Rovenden was lamented by friends
won for him from all parts ." of the land by his sympathetic art, as well as by that nearer circle who loved
him for his OWP noble qualities of heart and mind. Re
The Academy of the Fine Arts
IS
was m 1891 and .1892 -an instructor in the Academy
. schools, and several of his most important · w0f.ks w..e re
first shown in the annual exhibitions.
The venerable artist, Peter F. Rothermel, whose early
fame brought repute to this institution, of which he was
an Academi~ian, and to Philadelphia, died in August, .
and earlier in the year occurred the death of Isaac L.
Williams, also an Academician of the Pennsylvania Academy, and a sincere and .skilful a; tist.
The general statement of the Treasurer to December Finances.
31, 1895, and the profit and loss account are submitted
in the following pages. From these it will be seen that
the receipts have been $20,140.64, and the disbursement
$21,367.24, resulting in a net deficiency of $1,226.60.
In February, 1895 , the final payment from the Neill
bequest was received, amounting to $1,28748.
In addition to the sums already received from the
estate of George S. Pepper, late President of the
'Academy, there were paid to the Treasurer by the
Executors, on February 28th, $6,250, and on December
31st,'$2,500.
The President and Directors desire to call especial
attention to this ' most important bequest! already referred to in previous reports, which now amounts to
seventy-one thousand, three hundred and seventy-five
dollars ($71,375). This is held by the Trustees of the
Endowment Fund in, a separate account, the income
only being available for the maihtenance of the institution; and the support of new work undertaken by the
16
Eighty-ninth Annual' Report
Academy. The ' far-reaching results of this and like
noble benefactions cahnot be 'over-estimated, and their '
founders are entitled to the lasting and grateful remem..;.
brance of the whole cOn,1munity. .
,EDWARD H: COATES,
President,
HARRISON S. MORRIS,
Secretary .
'
.. ,
BALANCE.. SHEET
·
.
~
~
~
BALANCE SHEET, PENNSYLVANIA ACADEMY
ASSETS.
Real. Estate, Broad and Cherry Sts., General
Fund. . . . . .
. $478,009.18
Gilpin Gallery Fund . . . . . . . . . , . 32,902.22
Art Property. . . . . . ;
Library and School Property
$ 5 10 ,9 1 1.4°
211, 28 3.85
2,7 89.5 6
"
Endowment Fund;
Temporary Loan . . . . . . . . . . . . '4,75°.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
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
Baltimore Belt Line, Gold 5 per cent. Bonds 10,000.00
113,75 0 . 00
Temple Trust Fund;
Pennsylvania Academy of the Fine Arts
.•...
Bonds . . . . . . "
60,000.00
Gilpin Trust Fund:
Pennsylvania Academy of the Fine Arts
.....
Bonds . . . . . . . ' .
23,000.00
83,000.00
Pepper Trust Fund:
Mortgage, 10 N. Eighth St., Philadelphia.
Mortgage, Fort Scott, Kansas . .
.
Mortgage Note of W. A. Burr. .
Mortgage Note of Alice E. Hunt. . . . .
Mortgage Note of J. S. Redman. . • . .
40,000.00
20,000.00
3,000.00
3,000.00
4,000.00
7 0 ,000.00
Gilpin Fund: New England Loan & Trust Co.
Debentures . . . . . . • . . . . . . . .
Charles Tappan Prize Fund:
, Lehigh Valley R. R. 7 per cent. Bonds
New England Loan and Trust Co. Bonds
4,85°. 00
8,00'0 .00
2,5 00 . 00
10,500. 00
Investment Academy Medal Fund:
Clearfield and Jefferson Bond
1,000.00
Phillips Fund:
Penna. R. R. Equipment Trnst Bonds.
Norfolk & Western Car Trust Bonds
Carried fo~ward
7,000.00
4,944. 8 3
$1,020,02 9. 6 4
IS
OF THE FINE ARTS, DECE,MBER 3 I, 1895.
$1,020,029. 64
Brought fonvard. . . . . .
Mary Smith Prize Fund: N. & W. Car Trust Bonds.
Album Account . . . . . . . .
Permanent Catalogues. . . . . .
Architectunil Catalogue, 1895-1896
Sixty-fifth Annual Exhibition. . .
Loan Account, Swedish Exhibition
M.iscellaneous· . . . . . . . . .
Cash:
General Fund .
Endowment Fund .
Pepper Trust Fund .
Temple Trust Fund
Toppan Trust Fund
. 1.91 8.5 6
184.35
45 0 .00
534. 21
684-4 2
695. 60
1,940 .03
531.99
6,966. 12
1,375. 00
126.77
2,934.4 1
LIABILITIES . .
Capital Stock. . . . . .
Surplus Capital. . " . .
Old Stock . . . . . . .
Mortgage, Broad and Cherry Streets .
Loans Payable . . . . . . . . . .
Gilpin Fund.-In Trust for Gilpin Gallery :
Invested . .
Real Estate . . . . . .
$458,500.00
13 1,II3·90
12,850.00
83,000.00
4,75 0 .00
. $28,65 6 -47
Gilpin Trust, Income Account
Phillips Trust Fund. . . . .
.
Charles Toppan Prize Fund
Charles Toppan Prize Fund, Income Account .
Mary Smith Prize Fund . . . . . . : .
Mary Smith Pl:ize Fund, Income Account .
Temple Trust Fund. . . . . . . .
Temple Trust Fund, Income Account
Pepper Trust Fund . . . . . . .
Endowment Fund. . . . . . . .
Academy Medal Endowment Fund
Cast Collection. . . . . .. . . .
Travelling Scholarship, 1895-1896.
Miscellaneous . . . . . . . . .
32,902.2~
61,55 8 . 69
887.00
12,000.00
10,500.00
2,934.4 1
2,000.00
13 6. 11
60,000.00
2,553·77
7 1,375. 00
121,606.22
1,000.09
516.00
600.00
55 0 . 00
PROFIT AND LOSS .BALANCES,
DECEMBER 3 I,
I
895.
DR.
Instruction. . . .
Interest ; . . . .
General Expense .
Sixty-fourth Annual
$7,840 .75
4,674. 0 7
7,406·35
1,446 .0 7
. . . . .
. . . . .
. . . . .
Exhibition
$21,3 6 7. 24
CR.
General Exhibition . . .
Orchestra Concerts . . . .
Gilpin Trust, Income Account
Phillips Trust, Income Account.
. Temple Trust, Income Account.
Pepper Trust, Income Account .
Endowment Fund, Income Account
Scholarship Fund from City of Philadelphia.
Balance-N et Loss . . . . . . . . .
20
$2;24 2.77
4 62 .5 1
72 5. 00
66.5 0
1,800.00
.3,200.00
6,643- 86
5,000.00
- - - - - $20,140.64
1,226.60