REPORT OF THE EXECUTIVE COMMITTEE. 



The executive conanittcc of the Board of Regents respectfully submit 

 tie follovring report iu relation to the funds of the Institution, the 

 appropriations by Congress for the support of the National Museum, 

 tie receipts and expenditures for both of these departments for the 

 year 1875, and the estimates for the year 1S7G: 



FINANCES. 



^aiement of the condition of the fiinds at the hcginning of the year 187C. 



!Ihe amount originally received as the bequest of James 

 Smithson, of Eugland, deposited iu the Treasury of the 

 United States in accordance with the act of Congress of 

 August 10, 184G 6515, 1C9 00 



The residuary legacy of Smithson, received in 1SG5, depos- 

 ited in the Treasury of the United States, iu accordance 

 with the act of Congress of February 8, 1807 20, 210 C3 



Total bequest of Smithsou 541, 379 63 



Amount deposited in the Treasury of the United States, 

 as authorized by act of Congress of February 8, 1807, 

 derived from savings of income and increase in value of 



investments 108, 020 37 



Amount received as the bequest of Jaaies Hamilton, of 



Carlisle, Pa., February 21, 1874 1 , 000 00 



Total i)ermanent Smithson fund in the Treasury of the 

 United States, beariug interest at C i)er cent., payable 

 semi-anuually in gold 051 , 000 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, 888,125.20, 

 now valued at 42, 000 00 



Cash balance in the United States Treasury at the begin- 

 ning of the year 1S7G, for current expenses 20, ooo 82 



Amount due from First National Bank, $2,050.22, (value 

 unknown) 



Total Smithson funds 20th January, 1870 713, r>55 82 



