REPORT OF AUDITOR. 



Washington, D. C, November 20, 1914- 

 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, 1913, to 

 October 31, 1914, 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 subsidiarv^ books to the general books. 



The income from the investments of the Endowment, Reserve, and 

 Insurance Funds and from other sources has been duly accounted for 

 and expenditures have been authorized and are supported by proper 

 vouchers. 



The securities of the Endo^\^nent, Reserve, and Insurance 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 C. R. Cranmer, Resident Manager. 



Approved : 



F. W. Lafrentz, President. 



Attest : 



S. F. Lafrentz, Secretary. 



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