54 CARNEGIE INSTITUTION OF WASHINGTON. 



expenditures of the Institution to date. The President also submits 

 various reeonunendations and suggestions, and an outUne of suggested 

 appropriations for the year 1915. The Executive Committee hereby 

 approves the report of the President and his recommendations as the 

 report and recommendations of the Committee. 



The Board of Trustees at its meeting of December 12, 1913, appointed 

 the American Audit Company to audit the accounts of the Institution 

 for the fiscal year ending October 31, 1914, and the report of this com- 

 pany is herewith submitted as a part of the report of the Executive 

 Committee. 



There is also submitted a balance sheet, showing the condition of the 

 assets and liabilities of the Institution on October 31, 1914, together 

 with statements of receipts and disbursements for the fiscal year and 

 of aggregate receipts and disbursements since the organization of the 

 Institution on January 28, 1902. 



Three vacancies in the Board of Trustees, occasioned by the resigna- 

 tion of Mr. Gage, by the death of Mr. Mitchell, and by the death of 

 Mr. Cadwalader, call for action at this meeting of the Board of Trustees. 

 In accordance with the provision of the By-Laws, nominations to fill 

 such vacancies have been requested and submitted to the members of 

 the Board of Trustees. 



A vacancy in the membership of the Executive Committee exists 

 by reason of the death of Mr. Mitchell; and the terms of office of Mr. 

 Flexner and Mr. Walcott, as members of the Committee, expire at the 

 coming annual meeting. 



William H. Welch, Chairinan. 



Cleveland H. Dodge. 



Simon Flexner. 



Wm. Barclay Parsons. 



Elihu Root. 



Charles D. Walcott. 



Robert S. Woodward. 

 November 19, 1914. 



