REPORT OF THE EXECUTIVE COMMITTEE. 



The executive committee of the Board of Regents of the Smithsonian 

 Institution respectfully submit the following report in relation to the 

 funds of the Institution, tbe appropriations by Congress for the support 

 of the National Museum, the receipts and expenditures for both the 

 Institution and the museum for the year 1876, and the estimates for the 

 year 1877. 



Statement of the condition of the funds at the beginning of the year 1877. 



The amount originally received as the bequest of James 

 Smithson, of England, deposited in the Treasury of the 

 United States, in accordance with the act of Congress of 

 August 10, 1846 $515, 169 00 



Residuary legacy of Smithson, received in 1865, deposited 

 in the Treasury of the United States, in accordance with 

 the act of Congress of February 8, 1867 26, 210 63 



Total bequest of Smithson 541, 379 63 



Amount deposited in the Treasury of the United States, as 

 authorized by act of Congress, February 8, 1867, derived 

 from savings of income and increase in value of invest- 

 ments 108, 620 37 



Amount received as the bequest of James Hamilton, of Car- 

 lisle, Pa., February 24, 1874 1, 000 00 



Total permanent Smithson fund in the Treasury of 

 the United States, bearing interest at 6 per cent., 



payable semi-annually in gold 651. OUO 00 



In addition to the above, there remains of the extra fund, 

 from savings, &c., in Virginia bonds and certificates, 

 viz : consolidated bonds, $58,700, deferred certificates, 

 $29,375.07; fractional certificate, $50.13; total $88,125.20, 



now valued at 42, 000 00 



Cash balance in United States Treasury at beginning of 

 year 1877 2-1, 02!) 18 



Total Smithson funds, January, 1877 714. (!29 18 



110 



