91st Annual Report for the Pennsylvania Academy of the Fine Arts

Item

Title

91st Annual Report for the Pennsylvania Academy of the Fine Arts

Identifier

1897-AR.pdf

Date

1897

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

Digitized archival materials are accessible for purposes of education and research. We have indicated what we know about copyright and rights of privacy, publicity, or trademark. Due to the nature of archival collections, we are not always able to identify this information. We are eager to hear from any rights owners, so that we may obtain accurate information. Upon request, we will remove material from public view while we address a rights issue.

extracted text

NINET'Y FIRST
-ANNUAL REPORT

..

.

FEBRUARY

1897
FEBRUARY 7, 18 9 8
l,

' THE PENNSYLVANIA
ACADEMY OF THE FINE ('
ARTS -P'HIlrADELPHIA

ANNUAL MEMBERS
PENNSYLVANIA ACADEMY OF THE FINE ARTS
LIST INCOMPLETE WHEN ANNUAL REPORT
WAS PUBLISHED

l

i'

Charles E. Bushnell
Rev. Louis F. Benson
Joseph H. Brazier
Mrs. Joseph H. Brazier
Mrs. George Brooke
Miss Laura Bell
Mrs. Henry J. Biddle
Mr,s. Edward H. Coates
C. Howard Clark, J1'.
Mrs. C. Howard Clark, Jr.
Miss Frances .Clark
Charles Chauncey
Clarence H. Clark
Eckley B. Coxe, Jr.
John H. Converse
Miss Mary Coles
William M. Coates
Walter Cope
Mrs. Walter Cope
J. Walter Douglass
Mrs. H. C. Denniston
Charles E. Dana
Mrs. CharlesE. Dana
Samuel Dickson
Mrs. Samuel Dickson
Harrington Fitzgerald
Mrs. Harrington Fitzgerald
Miss Sarah Riter Fitzgerald
Miss Hannah Fox
Clement A. Griscom
Mrs. Clement A. Griscom
Mrs. Charles Hacker
Charles Hare Hutchinson'
George L. Harrison
Charles Wolcott Henry
Mrs. Charles Wolcott Henry
Mrs. J. Campbell Harris
Mrs. John Harrison

Mrs. Samuel McC. Hamill
Miss Jane Jordan
Mrs. Lawrence Johnson
John Story Jenks
Mrs. John Story Jenks
Henry Justice
William H. Jenks
R. Winder Johnson
W. W. Keen, M.D.
D. Allen Knight
Mrs. Elias D. Kennedy
John Lambert
Francis W. Lewis, M.D.
Miss Sarah Lewis
Mrs. J. B. Lippincott
Henry M. Lewis
Theodore J. Lewis
Thomas MacKellar
Francis L. Potts
Joseph G. Rosengarten
Craig D. Ritchie
Mrs. Julia D . Stroud
Thomas Stewardson
S. P. Stambach
E. T. Stotesbury
Samuel Spackman
Mrs. Walter G. Sibley
William P. Troth, Jr.
John W. Townsend
George Wood
Herbert Welsh
Mrs. Herbert Welsh
Joseph Lapsley Wilson
Howard Wood
Mathew Woods, M.D.
Frank Houston Wyeth
Mrs. Frank Houston Wyeth

, THE PENNSYLVANIA
ACADEMY OF THE FINE ARTS
FOUNDED '1805

THE NINETY-FIRST ANNUAL
REPORT"FEBRUARY

' I,

18 97, TO FE,BRUARY 7, 18 9 8

PHILADELPHIA
MDCCCXCVIII

I

.

MANAGEMENT OF THE PENNSYLVANIA
ACADEMY OF THE FINE ARTS.
PRESIDENT,
EDW ARD H . COATES.
VICE-PRESIDENT,
CLARENCE H. CLARK.
CLARENCE H. CLARK,
E. BURGESS WARREN,
CHARLES HENRY HART,
JOHN H. PACKARD, M.D.,
,HENRY WHELEN, JR.,
JOHN H. CONVERSE,

DIRECTORS,
CHARLES HARE HUTCHINSON,
A~EXANDER BIDDLE,
FRANCIS W. LEWIS, M.D.,
THEOPHILUS P. CHANDLER;
CHARLES C. HARRISON,
HERBERT M. HOWE, M.D.

TREASURER,
HENRY WHELEN, JR.
SECRETA\l.Y AND MANAGING DIRECTOR,
HARRISON S. MORRIS .
SOLICITOR,
JOHN G. JOHNSON.
COMMITTEE ON PROPERTY,
JOHN H. CONVERSE, CHAIRMAN,
THEOPHILUS P. CHANDLER,
CHARLES C. HARRISON.
COMMITTEE ON FINANCE,
CLARENCE H. CLARK, CHAIRMAN,
ALEXANDER BIDDLE,
HENRY WHELEN, JR.
COMMITTEE ON INSTRUCTION,
JOHN H. PACKARD, oM.D., CH AIRMAN,
HENRY WHELEN , JR.,
CHARLES HARE HUTCHINSON;
FRANCIS W. LEWIS, M.D.,
THEOPHILUS P. CHANDLER.
COMMITTEE QN EXHIBITIONS,
FRANCIS W. LEWIS, M.D., CH AIRMAN ,
E. BURGESS W,A;RREN,
JOHN H. PACKARD, MD.,
CHARLES HENRY HART,
HERBERT M. HOWE, M.D.
FACULTY OF THE SCHOOLS,
WILLIAM M. CHASE,
WILL S. ROBINSON,
CECILIA BEAUX,
CHARLES GRAFL Y,
THOMAS P. ANSHUTZ ,
GEORGE McCLELLAN, M.D.,
HENRY J. THOURON,
HUGH H'. BRECKENRIDGE.

THE NINETY-FIRST ANNUAL REP-ORT,
THE PENNSYLVANIA ACADEMY OF THE FINE ARTS,
FEBRUARY

ImT
~
j

I,

1897, TO FEBRUARY 7, 1898

the close of the ninety-first year of the
Pennsylvania Academy of the Fine Arts
the

President

and

Director~ offer the

following report to the Stockholders, and
through them to the wider community whose interest
and assistance have made possible this enduring career
of usefulness .
. The year terminating with the present date has witnessed' no diminution in the

advancement of

the

'Academy, and has developed some new aspects of
progress.

Not one year, but many, must contribute to

the establishment of a sure foundation for the Fine Arts
in this country, 'and if each annual period shall add
some permanent element, time will give us an art commensurate with our national importance.
Such a mark of advancement during the past year
was the opening free to the public of the permanent
collections of the Academy every day , in the week.
3

Ninety-first Annual Report

4

This has been accomplished through the public-spirited
action of the City Councils, combined with the accumulated means afforded by previous benefactors,' and
the response of the people is a gratifying endorsement
of the movement. New acquisitions of artistic value
and the expansion of the schools both in numbers and

.-

in achievement, are further evidences of the onward
movement.
Without the constant support

0'£

the press of the

country, and especially of Philadelphia, and without the
loyal co-operation of artists at home an<;1 elsewhere, a,s
well as of students of the Academy Schools who are
taking established places in all branches ' of art, the
Academy would find it difficult to fulfil its 'highest
purpose.

Hence the

thanl~s

of the management are

cordially tendered for valued service thus

Art Property.

rendere~1.

The permanent collections have received the following additions:

The Bather, figure in bronze by Edmund A. StewardPresented by Thomas Stewardson.

son.

Tlte Cello Player, oil painting by Thomas Eakins.
Purchased for the Temple Collection from the Sixtysixth Annual Exhibition.

Hot Milk, oil painting by Elizabeth F. Bonsall. Purchased from the Sixty-sixth Annual Exhibition.

The Academy of the Fine Arts

S

Roses, water color by Margarette Lippincott. Purchased from the S~xty-sixth Annual Exhibition and
present~d by Dr. Francis W. Lewis.
Two Figures in Plaster, by Paul W. Bartlett.
sented by the artist.

Pre-

Portrait of Henry Toland, third of that name, aged
thirteen, painting in oil, by Jane C. S~dly. Presented
by Washington Stewart Toland.
Joan of A 1~C, figur0 in plaster, 'after the original marble
in the Luxembourg, Paris, by ' Henri Michel Antoine
Chapl!. Purchased by the, Academy.
Echo, figure in plaster, after the original, by Adrien
Etienne Gaudez. Purchased by the Academy.
Behind the Footlights, oil. painting, by Louis Kron- '
perg. Presented by Clarence H. Clark.
Original Sketch for Portrait of Pat L)'on, oil painting,
by John Neagle. Presented by John Lambel:t, Jr.
The Puritan, figure in plaster, from the original by
Purchased by the Academy.

,Augustus St. Gaudens.

So/Ylzia Western, oil painting, by Charles R. Leslie,
R.A. Presented by Samuel P. Avery.
hz the Garret, oil painting, by Thomas P. Anshutz.
Purchased and presented by students of the Academy

schools.

6

Ninety-first Annual Report
Framed Photographs .of Decorations for the Congressional Library at Washington, from the originals, by
W. B. Van Ingen. PrS!sented by the artist.
Decorated Programme for Academy fellowship, water
color, by F. Maxfield Parrish. Presented by the
artist.
Easel of Thomas Sully. Presented by.John Lambert,
Jr., with the consent of Garrett C. Neagle.

The Academy IS indebted to the owners for the
following works of art:
L~

Soir, oil painting, by Albert Herter. Awarded
the Walter Lippincott Prize, . 1897. Purchased by
Mr: Lippincott and lent to the Academy.
The Cid, oil painting, by Joseph Ribera, call'e d Lo
Spagnolet'to. Lent by Miss Mary A. Hearn.
St. Lawrence, oil patinting, attributed to
by Mrs. Salvadora G. George.

~'itian.

Psyche, oa painting, by Jules Le Febvre.
Dr. Thomas Biddle.

Lent

Lent by

Portrait of George Meade, oil painting, by Sir Thomas
Lawrence. Lent by Richard Worsam Meade, 4th.
Portrait of John Toland, miniature, by Patriarchi.
Lent by Washington Stewart Toland.

The Academy of the Fine Arts

7

Bust of General William Tecumsefz She1':11.tan, -plaster, .
by Augustus St. Gaudens . . 'Lent by Mrs. Alexander
M. Tha.c kara.
The following additions have been made to the
Library:

Life and Works if Gzlbert Stuart, by George C.
Mason.
Catalogues if the Salott des Champs Elysees from I873
to 1897, except I874, and a ,complete set if the Salon
du Champ de Mars.
The Figaro Salon, I896-I897. ·
Catcdogue de Luxe if the Modern Masterpieces, gathered
by the late connoisseur, William H. Stewart. Presented
by' Charles Hare Hutchinson.
Catalogue of the Collection
McCortnJck, of Chicdgo.
McCormick.

if Works of Art of R. Hall
Presented by R.

Hall

Pamphlets in French on Perspective and on the Regulations of the Ecole des Beaux A1,ts. Presented by
Joseph G. Rosengarten.
!-ife and Letters of Washington Allston, by Jared B.
Flagg, N.A., S.T.D. Presented by the author.
The Art if Seeing, and a number of pamphlets ' and
engravings. Presented by Charles Henry Hart. -_

8

Ninety-first Annual Report
History of Modern Painting, by Richard Muther.
Presented by Dr. Francis W. Lewis.
Cyclopedia of Painters and Paintings. Edited by John
Denison Champlin, J r. Purchased py the Academy.

Sixty-sixth
The Sixty-si xth Annual Exhibition had not termiAnnual Ex- nated when the last Annual Report was rendered. That
hibitiQn.
its exceptional artistic breadth and excellence was
valued by the public is shown by an aggregate attendance of 50,107, and by the sale of 3 I works of art
ambunting to over $5,000.

Other
On March 15., the northern galleries were occupied,
Exhibitions. by four special exhibits of the work of American artists,
~onsisting of groups by John McLure Hami~ton, . whose
latest portrait 9f Mr. Gladstone was the centre of twenty-

seven notable canvases; by Joseph Linden Smith, giving
examples of his decorative work in oil and water

~olor;

by Frank Wilbert Stokes, embracing his pictures and
stlldies made at the far north, and by George Thompson
H?bbs, .with ch~ racteristic . specimens of landscape and
still life. Individually and collectively this exhibition
offered much that attracted art students, and, especially
in Mr. Hamilton's section, awakened new and helpful
impulse~.

The last named works were brought by the
Academy from London, and through its agency exhibited at the

Cincinnati

Museum, the St.

Lou'is

Museum, and the Chicago Art Institute. Mr. Hamilton's Philadelphia exhibit closed on March 30, ' while
those of the, other artists remained open until April 5.

The Academy of the Fine Arts

9

From April 5 to 14 the competitive designs for the
Cincinnati City , Hall were shown in gallery E, including
the second prize design by Frank W. Sheafer, of the
Academy ' sch ools.
I

,

From October 23 to November 13, gallery F was
assigned to a special exhibition of the work in oil by
Robert Henri., a former student of the Academy schools.
The opening of the Sixty-seventh Annual Exhibition Sixty-seventh
was signalized by an evening reception on Saturday, Annual ExJanuary 8, 1898, at which the following ladies, to whom hibition.
the Academy renders its acknowledgments, acted as
hostesses.
C.

MRS. JOHN CADW ALADER,

MRS . ALFRED

MRS. THOMAS McKEAN,

1\1RS . JONES WISTER,

LAMBDIN,

MRS. GEORGE WHARTON PEPPER,

MRS. ALEXANDER

MRS. BEAUVEAU B ORIE;

MISS AGNES REPPLIER,

W.

BIDDLE,

MISS MARY K. GIBSON.

As an evidence of the steady improvement of the
whole body of American art, the exhibition assumes
unusual significance. The catalogue gives 839 numbers,
an increase of 154 over the previous ye,ar. These are
divided as follows: oil paintings, 474,_water colors, 304,
sculptures, 61. The Academy again owes its thanks to
the New York Water Color Club, fhe mutual arrangement with which has assisted in the formation of the
strong display of water colors and pastels which characterizes this exhibition.

The Ann ual Exhibition remains

open until February 22, 1898.

By the action of the

Ninety-first Annual Report

10

Board of Directors the Annual Exhibition is open free
to the public for the pr~sent year.
The T-Square Club of Philadelphia has this year, as
last, organized the admirable display of Drawings and
Designs which constituted the Architectural · Section
and which opened simultaneously with the Sixty-seventh
Annual Exhibition, and closed on Jan!lary 29. The
separate catalogue of this department has been extensively circulated through the country, and serves to
draw attention to the richness of an architectural collection . including many foreign as well as native examples.
The combined sections of the Sixty-seventh Annual
E x hibition, including oil, water color, architecture, and
sculpture, occupy the entire north side of the Academy,
with th e corridors, and galleries A and E. The Juries
of Selection and H anging Committees are as follows:
JURY.
JOHN L AMBERT, JR.,
COLIN

C.

D. W. TRYON,

COOPER,

I RVING R. WILES,

MAXFIELD PARRISH,

AUGUST FRANZEN,

EDWARD W. REDFIELD,

FRANK W. BENSON,

ROBERT HENRI,

WILTON LOCKWOOD,

EDWARD SIMMONS,
DANIEL

C.

FRED ERICK P. VINTON.

FRENC H,

GEORGE GREY BARNARD,
J OHN j. BoYLE.

HANGING COMMITTEE.
JOHN L AMBERT, jR .,

FRANK

COLIN C. COOPER,

VV.

BENSON,

EDWARD SIMMONS,

lY\AXFIELD PARRISH.

i

The Academy of the Fine Arts
COMMITTEE OF

II

THE ARCHITECTURAL EXHIBITION OF

THE T-SQ.UARE CLUB, OF PHILADELPHIA.
DA VID KNICKERBACKER BOYD,

Chairman,

EDGAR V. SEELER,

LOUIS C, HICKMAN,

HORACE H . BURRELL,

BRUCE PRICE,

W ALTER COPE,

"c,

GEORGE BISPHAM PAGE,

L OUIS H. SULLIVAN,

CHARLES

Z.

KLAUDER,

HO WARD WALKE R,

ERNEST GEORGE,
VICTOR L ALOUX .

The Gold Medals of the Temple Fund were awarded Medals and
by the Philadelphia Jury of Painters to the followin g Prizes.
exhibitors:
I

Wilton- Lockwood , for his oil painting entitled
The Violinist.
Edward F. Rook, for his oil painting entitled
Pearl Clouds, Moonlight.
The Walter Lippincott ' Pri ze of $ 300 was awarded
by the Committee on Exhibition of the Academy and
the Philadelphia Jury to James J. Shannon, for his oil
painting entitled Babes in the Wood.
The Mary Smith Prize of $ 100 was awarded by the
Committee on Exhibition of- the Academy to Caroline
Peart, for her oil painting entitled Once upon a Time.
The attendance at the exhibitions, lectures, and other Attendance.
features of interest during the year has been as follows:
The paid admissions, covering only special exhibitions
and the Thursday concerts, amounted to 12,814.

The

free admissions, excluding lectures, aggregated 67,03 6 ,
making a total of 79,850.

The attendance on lectures

Ninety-first Annual Report

12

and other entertainments is estimated at 11,000, making:
a total of 90,850.

The
Schools.

Though the attendance of the schools during the
year 1895-1896 exceeded any previous record, the past
year has witnessed a further increase in the number of
the pupils; and with this has' gone hand 'in hand a
gratifying advance in the character and quality of the
work. The faculty of the schools remains as formerly:
WILLIAM M. CHASE,
THOMAS

ANSHUTZ,

J.

TH OURON,

S.

R OBINSON,

H ENRY
WILL

P.

CECILIA BEAUX ,
CHARLES GRArL Y, ,
G EORG E MCCLELLAN, M.D . }
HUGH H. BRECKENRIDGE .

Exhibitions 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 sub" jects being Light and Freedom,. The prizes were
aW§lrded as follows, by the Committee on Instruction:
First Prize, $200, to Richard B. Farley .
. Second Prize, $ roo, to Clara Walsh.
Honorable 111mtion to Charles E. Drake.

The prizes established through the aid of Dr.. Francis
W. Lewis and Dr. John H. Packard for the best series
of studies made at the Zoological Garden, were awarded
as follows:
. First Prize,

$15, to Richard B. Farley.

S econd P1l'ize, $ 10, to Daisy C. Faust.
Honorable 111e1Ztion to John W. Thompson.
The Travelling Scholarship, amounting to $800,
which has been generously contributed during the' past

, The Academy of the Fine Arts

13

seven years by a member of the Board of the Academy,
,was this year won by John J. Boyle.
The same liberal ' don~r has also contributed a supplemental 'Scholarship of $800 to enable the Student of

1895-96, W. H. C. Sheppard, to pursue his studies in
Paris for another year.
In connection with the School Department, ackno~l ­
edgment is due and tendered to the City Councils of
Philadelphia and to the Board of Education for the appropriation and agreement for the year 1897. Under
this agreement the ,Academy receives the sum of $5,000,
and grants each year 15 scholarships: maintaining in all
45 students from the public schools of the city.
On the even ing of April 19, 1897, the Mural Decorations executed by the students of the Academy under
the direction of Mr. Henry J. Thouron, Instructor in
Composition, were made public at a reception given for
the purpose. These decorations fitly denote the capacity
of advanced students for original work of a high order,
and in their artistic harmony they stand as a typical
result of the courses offered by the Academy schools.
The rvanagetnent expresses its grateful thanks to the
students. who united in this successful task, and to Mr.
Thou~on, whose enth~siastic direction made the undertaking possible.
Simultaneous with the opening of the Lecture Room
the Academy Fe!lowship, consisting of old and new
students of the schools, was organized, and Mr.Charles
E. ' Dana was elected President; Mr. George Frank
Stephens, Treasurer; and Miss Helen W. Henderson,

14

Ninety-first Annual Report

Secretary.
Th~ association has already done much
valuable service in criticism of art work and in promoting
closer relations among the Alumni of the schools, and
its future usefulness is assured.
Catalogues, reports, and pamphlets, oompleting the
Catalogues,
Academy's files to this date,' have been received from
Reports,
the
following persons and institutions, and ,thanks are
Etc.
cordially returned for the same:
American Architect.
American
Art Association, New . York.
,
American Wa~er Color Society, New York.
. Architectural League, New Yor~(,
Architectural Society of the. University of Pennsylvanta.
Art Association, Montreal.
Art Institute, Chicago: .
Boston Architectural Club.
Boston Art Club.
Bridgeport Public Library'.
Brooklyn Art qub.
Brooklyn Institute of Arts and Sciences.
) Carnegie Art Galleries, Pittsburg.
Carnegie. Library,. Pittsburg.
Chief Department of Fine Arts, Tenness.e e Centennial.
Cincinnati Museum Association.
( Cleveland Architectural Club.
Colu~bus

Gallery of Fine Arts.

Corcoran Gallery of Art, Washington.

The Academy of the Fine Arts

15

De Pauw University, Greencastle, Ind.
Drexel Institute, Philadelphia.
Detroit JM useum of Art.
Fair~ount Park Art Association, Philadelphia.

Groli.er Club, New York. ·
Charles Henry Hart, Philadelphia.
Charles Hare . Hutchinson, Philadelphia.
Journal des Artistes, Paris.
Charles M. Kurtz, New York.
William Macbeth, New York.
Mark Hopkins Institute of Art, San Franci~co, Cal.
Maryland Institute.
Metropolitan Museum of Art, New York.
Museum of Fine Arts, Boston.
Museum and School of Fine Arts, St. Louis.
National Academy of Design, New York.
New York Institute of Artist Artisans.
New York Water Color Club.
Normal Art School, Boston, Mass.
Ontario Society of Artists, Toronto.

"-

Pennsylvania Museum and School of Industrial Art,
Philadelphia.
Philadelphia City Institute.
Philadelph{a Library Company.
Photographic Society, Philadelphia.
Philadelphia Art Club.
Pratt Institute, Brooklyn.
Rhode Island School of Design.
Rochester Athc:eneum and Mechanic Institute.
Rochester Art Club.

16

Ninety~firs4 Annual Report

San Francisco Art Association.
Society of American Artists, New York.
Society of Washington Artists.
Society of \Vestern Artists .
St. Botolph Club, Boston.
T-Square Club, Philadelphia.
Washington Water Color Club.

Lectures.

On January

22,

Mr. W. Lewis Fraser, Art Manager

of the Century Magazine, inaugurated a course of Six

Practical Talks 0 71 .Illustration by a Practical Man, by
giving his introductory discourse entitled; Illustration,'
What .It .Is, and What ·.It .Is JVot, Gauged by Modem
Stal1dards. These Talks, of value to all art students,
will continue through the season ~n Saturday afternoons,
February 1,2, February 26, March 12, March 26, and
April 9.
The' Civic Club of Philadelphia, with the co-operation
of the ' Academy, held two public evening receptions
during the year.

On February 13, 1897, the vote for the

best picture in the Sixty-sixth Annual Exhibition resulted in a majority for The Baptism., by Julius Stewart.
On January IS, 1898, the majority vote for the, best
picture in the Sixty-seventh Annual Exhibition was
given to Mother and Child, by George De Forest Brush.
Under a renewal of contract the Twentieth Annual
series of Thursday afternoon concerts is being given by .
the Philharmonic Orchestra, conducted by Charles M.
Schmitz.
The death of William S. Baker in September, 18 97,

- The · Academy of the Fine Arts
IS

17

recorded with the regret due to the loss of aformer

Vice-President and active member of the Board of
Directors, . w~o upol). retiring was made an Honorary
Member of the Academy, in recognition of valued
services extending from 1876 to 1890.
In the death of William B. Bement on O<;:tober 6,
1897, the Academy lost a Director who had faithfully
served from 1874, a period of twenty-three
years, and
.
,
whose wise counsel and generous contributions toward
the endowment of the institution entitle him to the
gratitude of the Academy and of the community.
In recording the death of Mrs. John W. F~eld, the
Academy gives expression to its sense of the loss of a
generous patron. To her and to her husband the
Academy is indebted for the Field Colle~tion of Paintings, and it is further endowed by her generosity with a '
bequest of one thousand dollars.
On January 10, 1898, the Board of Directors unanimously elected Dr. Herbert M. Howe to fill the existing
vacancy in the Board.
The general statement of the Treasurer to December
3 I, 1897, ~nd the profit and loss account, are submitted
in the following pages. From these it will be seen that
the receipts have been $21,923,01, a'n d the disbursements
$20,892.88, resulting in a credit balance of $ 1,030. 13.
EDWARD H. COATES)

President.
HARRISON S. MOR,RIS,

Secretary.

~

BALANCE SHEET
~ .

I'

- - - - - --

- - -- - - - - - - -- - - - - - - - ----;c-- -

BALANCE , SHEET, PENNSYLVANIA ACADEMY
ASSETS.
J

Real Estate Broad and Cherry Sts" Ge~leral
Fund. . .
. .. ,..
. . , . . . $478,009.18
Real Estate Broad and Cherry Sts., Gilpin
Gallery Fund
32,902.22
$5 10 ,9 1 I.40
211, 28 3.85
2, 81 4.9 1

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
Mortgage, J. H. Sands, Roanoke. • . . . 9,500-00
Central Car Trust 6 per cent. Bonds. . . . 7,000.00
St. Louis & Iron Mt. First Mortgage 7 per
cent. Bonds
. . . , . . . . . . 5,000.09
Mortgage, E. D. and Rosa M. Smith, St.
Davids" Pa.. . . . . . . . . . . . . 12,bOO.00
' Baltimore Belt Line R. R. 5 per cent. Gold
Bonds.
, . . . . . . . . . . . , 10,000.00
Lehigh Valley Car Trust 7 per cent. Bonds 25,000.00
Part of $31,000 Mortgage, F. J. Kimball,
Radnor. " . . . . -. . . . .
862.50 ,
Presbyteriail Board of Publication Building
Bonds . . . . 'j . • • • . • •
5,000.00
Temple Trust Fund:
Pennsylvania Academy of the Fine Arts 6
per cent. Bonds . . .
.....

60,000.00

Charles Tappan Prize Fund:
Lehigh Valley R. R. 7 per cent. Bonds. . 8,000,00
N. E. Loan and Trust Co. 6 per cent.
Western Mortgage . . . . . . . . . . 2,200.00
"
Investment of Academy Medal Endowment Fund:
Clearfield a,n d Jefferson R. R. Banas.

10,200.00
1,006.00

Gilpin Fund:
Pennsylvania Academy of the Fine Arts
Bonds , . . . . . ,
. . • . . . . 23,000.00
N. E. Loan and Trust Co. Debenture Bonds 4,850.00
Pepper Trust Fund:
Mortgage, Fort Scott, Kansas . . • . . .
Mortgage, No. IO N, 8th St., Philadelphia.
Note of J. S. Redman . . . . . . . . .
Part of $31,000 Mortgage, F. J . Kimball,
Radnor . • . . . . . ._
..•..

16,000.00 40,000.00
4,000.00
II,375.00
7 1 ,375. 00

Carried forward

20

OF THE FINE ARTS, DECEMBER 3 i,
Brought forward . . . . .
Phillips Bequest:
Norfolk & Western R. R. Car Trust Bonds. 4,944.83
Part of $3 1,000 Mortgage, F. J. Kimball,
Radnor. . . . . . . . . . . . . . . 7,000.00
Mary Smith Prize Fund:
Part of $31,000 Mortgage, F.
Gibson Fund:
Part of $31,000 Mortgage, F.
Gibson Fund Income Account
Album Account. . . . . . . .
Lecture Room Decoration . . .
Sixty-seventh Annual Exhibition
Interest Receivable
Miscellaneous . . . . . ' . . .

J.

Kimball, Radnor

2,000.00

J.

Kimball, Radnor

. 9,762 .5 0
54 2 . 64

12 5.85

1,19 6 .5 0
520 .52
2,579.5 0
64 2 . 6 3

Cash:
Charles Toppan Prize Fund
Temple Trust Fund
Endowment Fund .
General Fund. . .

4,195. 8 7
4,7 0 4. 60
17,423. 19
837. 6 9
27,1'6I.35
$ 1,05 6,023,98,

LIABILITIES.
Capital Stock
Surplus Capital.
Old Stock. . . .
.
Mortgage, Broad and Cherry Sts.
Loans Payable . . " • . .
Endowment Fund
Temple Trust Fund. . . .
Charles Toppan Prize Fund
Academy Medal Endowment Fund

$45 8 ,5 00.00
133,237.3 0
12,850.00
33.000.00
4,75 0 .00
121,66~·75

60,000.00
10,500.00
1,000.00

Gilpin Ftlnd.-In Trust for Gilpin Gallery;
Real Estate
Fund for Investment . . . . . .

. $32,902.22
28,65 6 47

Pepper Trust Fund . .
Phillips Bequest
Mary Smith Prize Fund
Gibson Fund. . . . '.
Temple Trust Fund, Income Account
Charles Toppan Prize Fund, Income Account.
Gilpin Fund, Income Account . . . . .
Mary Smith Prize Fund, Income Account
Cast Collection. . . .
Travelling Scholarships
Annual Memberships
Miscellaneous . . . .

61,55 8.6 9
7 1 ,375. 00
12,000.00
2,00000
9,7 62 50
4,7°4. 60

4,14 8 .87
2,087.00
241.88
18 3.49
800.00
57 0 . 00
1, 08 5.9 0

$ 1,05 6,02 3.9 8
21

PROFIT AND LOSS BALANCES,
DECEMBER 3 I ; 1897.
CR.
Endowment Fund, Income Account.
Temple Trust J:und, Income Account
Gilpin Fund,Income Account . . .
Pepper Trust Fund, Income Account ,
Phillips Beqgest, Income Account
Scholarship Fund from City of Philadelphia
Academy Fund from City of Philadelphia
Permanent Catalogues.
Academy Rents .
Orchestra Concerts

$3,53 8.4 2
1,800.00
72 5. 00
4,337. 08
78 .16
S,?oo.oo
5,000.00
126.00
81 9. 20
499· I 5
$21,9 23.01

DR.
$4,7 0 1. 89
6.777·99
6,7 10 . 63
1,335 ·45
76 .53
1,290 .39

. Interest
Instruction . . .
General Expense
General Exhibition
Sixty-fifth Annual Exhibition
Sixty-sixth Annual Exhibiti<!>ll .
Credit Balance

$20,89~·88

1,03°·13'
$21,9 23 01

22

Item sets