FOR THE YEAR ENDING DECEMBER 31, 1878.

AMOUNT OF LEDGER ASSETS, JAN. 1, 1878 $32,477,991.87

Less Depreciation in Government Bonds, and

Appropriation to meet any depreciation in

other assets 369,553.27

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32,108,438.60

INCOME 8,217,943.24

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$40,326,381.84