MINUTES XXVll 



the report of the Committee, which had been printed and distributed 

 to the Trustees in advance of the meeting. 



The Secretary made a brief report, referring principally to the 

 financial transactions of the Institution and submitted the following 



Fmancial Sfatemcnt : 



The following is a statement of receipts and disbursements of the 

 Carnegie Institution of Washington from the beginning, in February 

 to October 31, 1902. 



All the preliminary expenses of organization, aggregating 

 $1,825.52, were paid by Mi. Carnegie. 



The total receipts are $250,009. 70 



The total disbursements are 30, 1S7 48 



Balance on hand October 31, 1902 1219,822.22 



Of this balance there is on deposit with the U. S. Trust 



Company of New York , 1209,822. 22 



American Security and Trust Company of V/asliington. . 10.000.00 



Total , $219,822.22 



The receipts were : 



August I. From tlie endowment $250,000.00 



July 3. From interest on deposits in American Secu- 

 rity and Trust Company 9.70 



Total , $250,009.70 



Consideration of the Executive Committee's report was then taken 

 UD. and a long discussion followed on the various recommendations 

 made by the Committee. 



At 12.15 P- ^- the Board took a recess until 2 p. m. 



At the second session there were present : 



Ex Officio. 



William P. Frye, President of the Senate. 

 D. B. Henderson, Speaker of the House of Representatives. 

 S. P. Langley, Secretary of the Smithsonian Institution. 

 Alex. Agasslz, President of the National Academ.y of Sciences. 



