REPORT OF AUDITOR. 



Washington, D. C, November 21, 1913. 



The Executive Committee, Carnegie Institution of Washington: 



Gentlemen : The books and accounts of the Carnegie Institution 

 of Washington have been audited by us from November 1, 1912, to 

 October 31, 1913, by authority of the Board of Trustees. We did 

 not, however, audit the books of the various departments, as that is 

 done by the Bursar and his associates, but we did verify the totals 

 as carried from the subsidiary books to the general books. 



The income from the investments of the Endowment, Reserve, 

 and Insurance Funds, and other sources has been duly accounted for 

 and expenditures have been authorized and are supported by proper 

 vouchers. 



The securities representing the Endowment, Reserve, and Insur- 

 ance Funds were produced to us, the cash in hand was verified by 

 count, and the cash on deposit with banks was verified by properly 

 authenticated certificates. 



Respectfully submitted. 



The American Audit Company, 

 By Otto Luebkert, Resident Vice-President. 



Approved : 



F. W. Lafrentz, President. 



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



Attest: 



A. F. Lafrentz, Assistant Secretary. 

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