12 CARNEGIE INSTITUTION OF WASHINGTON. 



interesting manner the results of Dr. Morgan's epoch-making studies 

 in these problems. 



In the first half of the coming year the lecture series is continued 

 through presentation by Dr. Arthur L. Day, chairman of our com- 

 mittee on earthquake investigations, of results coming from the 

 recent cooperative attack on the problem of seismology. In the field 

 of research in history Dr. Jameson will discuss a problem in diplo- 

 matic history in a lecture entitled "The approach to diplomatic 

 history illustrated by the correspondence of the early British ministers 

 to the United States." 



In 1921 a plan was approved for establishment of a small group 

 of fellows in the Institution for the purpose of offering oppor- 

 tunity for association with our staff to a limited 

 number of persons desiring to take up work in the 

 Institution on a temporary basis. This plan was initiated with the 

 understanding that the fellows of the Institution would be persons 

 having exceptional interest in research and adequate preparation 

 for undertaking work on problems relating to our general program. 

 Appointments of fellows have been made in the Departments of 

 Embryology, History, Plant Physiology, and Geophysical Laboratory. 



In the preparation of recommendations for the budget of the 

 coming year the problem of salary scale or financial compensation for 

 the staff of the Institution has been the subject of 

 careful investigation. Although the Institution has 

 made large additions to the salary budget in the course of the past 

 decade and has also increased the rate of compensation as compared 

 with the level of pre-war time, our standard of compensation for 

 a considerable group of our leading investigators is below that of the 

 principal universities and much below the compensation for con- 

 structive work or research in commercial life. Readjustments have 

 been made in various directions in a number of departments in order 

 to better the salaries without diminishing effectiveness in operation of 

 the plant, but we are still left in a situation in which the continuing 

 loyal support of the Institution's work by the members of the staff is in 

 many cases possible only through considerable financial sacrifice. 



The sources of funds available for expenditure during the fiscal year 



(including appropriations made by the Trustees December 15, 1922, 



Financial and revertmcuts and transfers made during the year), 



for pIscS^Year ^^^ amounts allotted by the Executive Committee 



1922-1923. during the year, and the balances unallotted at the end 



of the year are shown in detail in table A : 



