3o8 



THE POPULAR SCIENCE MONTHLY 



THE PROGRESS OF SCIENCE 



TEN YEAES OF TEE CARNEGIE 

 INSTITUTION 



The tenth yearbook of the Carnegie 

 Institution of Washington is of special 

 interest, as it records a further gift 

 from the founder of ten million dollars 

 and reviews the history of the institu- 

 tion for its first ten years. The endow- 

 ment is now $22,000,000 in five per 

 cent, bonds of the steel corporation, 

 worth at least $25,000,000. The invest- 

 ment in property of the institution 

 from its income is about $1,700,000 

 and there is a reserve fund of $250,000. 

 During the ten years the cost of ad- 

 ministration has been $400,000, of pub- 

 lication $300,000, and the sum of $4,- 

 000,000 has been applied directly to 

 research. There have been published 

 201 volumes under 156 different titles. 



The Carnegie Institution has defi- 

 nitely adopted the policy of devoting 

 its income to the support of its own ^ 



departments rather than to attempting 

 to conduct an emergency fund for re- 

 search. Some minor grants and re- 

 search associates are maintained, but 

 these also are -semi-permanent in char- 

 acter, but few new special appropria- 

 tions having been made recently. Last 

 year about $500,000 was devoted to the 

 ten departments of the institution. 



The president states that the last 

 fiscal year was the most fruitful on 

 record for the ten specially organized 

 departments of research. The solar ob- 

 servatory has now four telescopes — two 

 tower telescopes, a horizontal 30-inch 

 reflector and a 60-inch equatorial re- 

 flector. It has proved impossible to 

 obtain a perfect cast for the 100-inch 

 telescope, but the disc supplied by the 

 French founders is being ground in the 

 hope that the flaws will not interfere 

 with its accuracy. The meridian de- 

 terminations of stellar positions at the 



The 100-inch Disk on the Grinding Machine. 



