34 CARXEGIE INSTITUTION OF WASHINGTON. 



The Board of Trustees at its meeting of December 13, 1910, appointed 

 The American Audit Company to audit the accounts of the Institution for 

 the fiscal year ending October 31, 1911, and the report of this company is 

 herewith submitted as a part of the report of the Executive Committee. 



There are also submitted a financial statement and a statement of receipts 

 and disbursements for the year, together with a statement of aggregate 

 receipts and disbursements since the organization of the Institution, on 

 January 28, 1902. 



There are no vacancies in the Board of Trustees, but the terms of office of 

 Messrs. Root and Walcott as members of the Executive Committee expire 

 with the coming annual meeting. 



WiLUAM H. Welch, Chairman. 



John S. Bilungs. 



Cleveland H. Dodge. 



S. Weir Mitchell. 



Wm. Barclay Parsons. 



Elihu Root. 



Charles D. Walcott. 



Robert S. Woodward. 

 December 14, ipi i. 



Financial Statement^ October ji, igii. 



ASSETS. LIABILITIES. 



Endowment $22,000,000 



Sundry Reserve Funds : 



Reserve Fund and accrued interest 251,632. 12 



Insurance Fund and accrued interest 29,051 .74 



Profit from sale of bonds 1,893.75 



Bonds : 



Endow^ment : 



U. S. Steel Corporation, Reg. 50 yr. 5 per cent 



gold bonds, Apr. i, 1951 $22,000,000 



Reserve fund $251,632. 12 



Cash U. S. Trust Company(see page 36) 201,755.72 



$50,000 N. P.-Gt. North'n joint C B. 



& Q. col, July, 1921 49,876.40 . *49,876.40 



Investment : 



$50,000 A., T. & S. Fe R. Co. 4 per cent 100-year 



gold bonds, Oct. i, 1995 *50,056.25 



$50,000 L. S. & Mich. S. Ry. 4 per cent debenture 



bonds, Sept. i, 1928 *48,222.22 



$50,000 C. Pacific First Refunding gold 4 per cent 



bonds, Aug. i, 1949 *5i,937-50 



Carried forward 22,210,092.37 22,282,587.61 



* Purchase value. 



