REPORT OF AUDITOR.* 



Washington, D. C, November 2^, ipo8. 

 The Executive Committee of the Carnegie Institution of Washington. 



Gentlemen: The books of account of the Carnegie Institution of Wash- 

 ington have been audited by us from November i, 1907, to October 31, 

 1908, 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 Thursday, November 12, 1908, the undersigned, Mr. Luebkert, in com- 

 pany 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 

 Friday, November 20, 1908, Mr. Luebkert, in company with the Bursar, Mr. 

 John L. Wirt, and Mr. W. M. Gilbert, visited the vaults of the American 

 Security and Trust Company, Washington, 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.] 



Vttest : 



A. F. Lafrentz, For Secretary. 



*For the Year Book the Auditor has abbreviated his report. 



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