Trustees Records, Vol. 5, 1870 (page 102)

102

Trustees. October 11^t, 1871

showed the available funds in hand $30.943.04, against
$50.916.21 the previous year.

The enclosed exhibit made by the Treasurer September
17^t, 1871, of the estimated expenditures and receipts for the
balance of the present year shows a deficit of $16.549.88.
This would reduce our available means to $14.393.16, and
compel us to sell U. S. Stocks to make good the deficiency.

But to place the "Sphynx" in place we think will involve
an expenditure not ennumerated in the Treasurer's estimate.

The sum of $14.393.16 is too small for us to rely upon,

Without questioning our action in the improvements now
making and to be made, under authority of this Board,
which we have voted for with great unanimity, believing
that the welfare and good care of the Cemetery required
such action, still this Committee are now of the unanimous
opinion that no new work should be undertaken involving
the expenditure of such sums of money as will compel us
to exceed our revenue the coming year. This would not
hamper the Superintendent in the general adornment of
the grounds, but place us in a position which prudence
and a wise economy require.

It is well known to the Board that the Permanent Fund
for Repairs is to amount to $150.000. before the interest on
the same can be used for the care of the grounds, – (the last
Annual Report stated it at $115.456.76, – ) and taking in
view the fact of the large quantity of land which has been
sold, and the number of Avenues and Paths to be cared for,
your Committee are also unanimously of the opinion that