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Expenditures.

Payments on account of the 21st Annual Fair of the American Institute.

By Printing and Publication Committee.

Printing circulars, invitations, tickets, blanks, handbills, badges, &c.,.

$427 60

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By Committee of Arrangements.

Erecting new building for machinery,.... $1,123 40

Carpenters' work, fitting up garden and

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Gold and silver for medals, and striking, $1,549 01

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On account of Repository and Library of the American Institute.

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school,

90 00

Petty cash expenses, postage, subscription to small papers, cleaning, &c.,..

206 91

Total expenses of repository and library,...... $3,623 01

RECAPITULATION.

Receipts.

To cash received from January 20, 1848, to January 20,

1849,

To cash received from Treasurer of the State of New

York,

Balance on hand at the date of the last report, February

1, 1848,

Total,...

$20,073 43

950 00

$21,023 43

14,325 37

$35,348 80

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The twenty-first annual fair of the Institute, which was held at Castle Garden in October last, exceeded every former fair in the number, variety, and quality of the articles exhibited, in the number of visitors which it attracted, and in the interest which so large a display of American industry, ingenuity, and practical skill is so well calculated to excite. As a natural result of the character and extent of the fair, the number and value of the premiums awarded by the managers are as follows:

55 Gold Medals.

61 Silver Cups.

298 Silver Medals.

450 Diplomas.

$120.50 Cash to apprentices and minors.

25.00 Awarded for team of oxen, $25 Knapp Premium. 130 Volumes of books on Agriculture, Horticulture &c. The total cost of which, is, $3,689.83

Among the subjects which have occupied the attention of the Institute, Agriculture and Horticulture have during the past, as in previous years, held the most prominent place. The regular meetings of the Farmers' Club, have been increasing in interest and continued with energy. The Plowing and Spading exhibition at White Plains was well attended. The attendance at the Cattle Show on the 11th and 12th of October, evinced the increasing interest which breeders feel in learning when and by what means their stock of horses, horned cattle, sheep, and other domestic animals may be improved.

While speaking of this part of our labors, we beg leave to state to the Legislature that each succeeding year has added strength to our opinion of the importance of an agricultural school and experimental farm for the purpose of extending earlier and more widely the benefits which science and mechanical skill are destined to confer upon the tillers of the soil. We forbear to repeat the arguments heretofore urged in favor of establishing and endowing such an institution, or the substantial reasons which have been adduced in favor of its being fixed in the neighborhood of the city of New-York. These are fully set forth in our last report, to which we beg leave to refer.

For the purpose of showing more in detail the operations of the Institute, in relation to the various departments of domestic industry to which it is devoted, we annex the report of the Managers of the Twenty-first Annual Fair, sundry reports by committees of the Farmers' Club, and special committees appointed by the Institute, together with some extracts and translations of articles from foreign works elating to subjects of general interest, or calculated to diffuse usefull information on some of the great branches of American Industry. Respectfully submitted, by order of the trustees.

H. MEIGS, Rec. Sec'y.

New-York, March 23, 1849.

JAMES TALLMADGE, President.

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