110 EEPORT OF THE EXECUTIVE COMMITTEE. 



EXAMLNATION OP ACCOUNTS. 



The committee Las examined 576 receipted vouchers for paj'ments made dur- 

 ing the four quarters of the year 1868. Evidence of the receipt of materials 

 and property, and of services rendered, and payment to the claimants or legal 

 representatives, was found for the whole amount expended during the year. An 

 examination of the quarterly accounts current, l)ank-l)oolv, check-book, and 

 ledger showed that the payments were made as required l>y the regulations pre- 

 scribed by the regents; and the cash balances stated in the accounts current were 

 in the authorized depository after the payment of all the quarterly accounts 

 charged in the abstracts of expenditiu'cs. 



In the receipts for the year 1868, the sum of $5,116 31 is noted as hav- 

 ing been received through the Department of the Interior, appropriated by Con- 

 gress for the preservation and charge of its property in the museum collected by 

 government explori^ag expeditions. The expenditure of this sum was made and 

 accounted for in strict conformity with the financial regulations prescribed by 

 the regents. 



ESTIMATED EECETPTS FOR 1869. 



• Interest on the Smithsonian fund in the treasury of the United 

 States -^650,000, payable 1st Julv, 1869, and 1st January, 



1870, at 6 per cent, in gold '. $39, 000 00 



Probable premium on sale of coin 13, 000 00 



Interest on Virginia 6 per cent, stock 1, 067 00 



Sales of useless property and other incidental sotirces during the 

 year , " 500 00 



Total income in 1869 53, 567 00 



APPROPKIATIOXS FOR 1869. 



It is proposed to apply the income of the year as follows : 



For general expenses. ". $15, 000 00 



Publications and researches 15, 000 00 



Library, collections for museum, and exchanges.. 10, 000 00 



Continuing the repairs of the building 5, 000 00 



45,000 00 

 Leaving from the yearly income a balance of. 8, 567 00 



S53, 567 00 



It will thus be seen that the Institution has paid all its indebtedness ; pro^nded 

 all needful accommodation in the gradual reconstruction of parts of its building 

 destroyed by fire; published large editions of annual contributions to science; 

 accumulated a saving from its income of 1868 of 810,352 74, and an estimated 

 saving of $8,567 from its income of 1869 — making the sum of $18,919 74 as 

 an available fund in January, 1870, to enable the Institution to conduct its opera- ' 

 tions on a cash basis from the beginning of the year, and to continue and extend 

 its investigations in the various branches of physical science ; at the same time 

 supplying apparatus for warming the various apartments in the building. 



RICHARD DELAFIELD, 

 PETER PARI^R, 



Executive Committee. 

 Washii^gton, January, 14, 18.69. 



