REPORT OF AUDITOR. 



Washington, D, C, November ig, igog. 



The Bxecutive Committee, Carnegie Institution of Washington. 



Gentle;me;n : The books and accounts of the Carnegie Institution of 

 Washington have been audited by us from November i, 1908, to October 30, 

 1909, by authority of the Chairman of the Board of Trustees. 



The income from the Endowment Fund and from investments has been 

 duly accounted for and the expenditures have been regularly authorized and 

 are supported by proper vouchers. 



On Monday, November 8, 1909, the undersigned, Mr. Otto Luebkert, in 

 company with the Chairman of the Board of Trustees, attended at the vaults 

 of the Hudson Trust Company, Hoboken, N. J., and examined the bonds of 

 the Endowment Fund, finding same on hand and in proper order. 



On Thursday, November 18, 1909, Mr. Euebkert, in Company with the 

 Bursar, Mr. John L. Wirt, and the Assistant Secretary, Mr. W. M. Gilbert, 

 visited the vaults of The American Security and Trust Company, Washing- 

 ton, D. C, and examined and found correct and in good order the securities 

 comprising the Reserve Fund and Investment accounts. 



Respectfully submitted. 



The American Audit Company, 

 By Otto Luebkert, Resident Manager. 

 Approved : 



F. W. Lafrentz, President. 



[Seal of The American Audit Company, New York.] 



Attest : 



A. F. Lafrentz, Secretary. 



4— YB 47 



