REPORT OF AUDITOR* 



Washington, D. C, November 23, 1907. 

 The Executive Committee of the Carnegie Institution of Washington: 



GSNTLSMEN : We hereby certify that we have audited the accounts of the 

 Carnegie Institution of Washington for the fiscal year ended October 31, 

 1907. 



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. 



The several securities representing the Endowment, Investment, and Re- 

 serve Funds have been examined by us and found intact. The investment 

 and reserve funds securities are carried at cost. 

 Respectfully submitted. 



The: American Audit Company, 

 (Signed) By Otto LuEbkert, Resident Manager. 



Approved : 



[seal.] F. W. Eaerentz, 



President. 



Attest : 



Theo. Cocheu, Jr., 



Secretary. 



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



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