. Annual report of the Philadelphia Museum of Art . pecial purposes: Fees and Interest on Securities $27, For Textile Equipment For Assistant Curator For Public School Scholarships 2, $30, State 50, City 23, Park Commission 11, Total Receipts $120, Expenditures— Maintenance Museum $18, Art School 19, Textile School 30, Administration and General Expense .. 46, Interest—Broad and Allegheny Ave. .. 4, 120, Balance $ During the year your Board deemed it wise to negotiate for anew mortgage on Broad an
. Annual report of the Philadelphia Museum of Art . pecial purposes: Fees and Interest on Securities $27, For Textile Equipment For Assistant Curator For Public School Scholarships 2, $30, State 50, City 23, Park Commission 11, Total Receipts $120, Expenditures— Maintenance Museum $18, Art School 19, Textile School 30, Administration and General Expense .. 46, Interest—Broad and Allegheny Ave. .. 4, 120, Balance $ During the year your Board deemed it wise to negotiate for anew mortgage on Broad and Pine Streets property for an amountnecessary to cover all the obligations of the Corporation, viz.,—Theold first mortgage, which matured in May, and the second andthird mortgages, which had been placed from time to time to meetour necessities. A mortgage of $500,000 was negotiated, and allthe old obligations were cancelled, the balance remaining beinginvested as a Reserve Capital Fund. Respectfully submitted, THEODORE C. SEARCH, PENNSYLVANIA MUSEUM, MEMORIAL HALL,FAIRMOUNT PARK, PHILADELPHIA REPORT OF THE DIRECTOR In presenting his Annual Report for the year ending May 31^1909, the Director of the Museum takes this opportunity to ex-press the gratification which must be experienced by all museumdirectors at the increasing evidences of the development of a broaderand more liberal policy, whereby inter-institutional relations arebeing established between the various museums of this public museum is but a unit in the system of museum in-struction, which is destined to become a most important factor inthe education and uplifting of the people. No single institutioncan hope to accomplish the best results alone, but by general co-operation the influence of each museum is vastly increased. During the past year the Pennsylvania Museum has receivedvaluable aid from other museums, which have recently shown amarked willingness to furnish assistance to sist
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