104 REPORT OF THE EXECUTIVE COMMITTEE. 



Statement of the receipts and expenditures during 1875: 



RECEIPTS. 



Interest on $650,000 from the United States, 6 per cent., 



gold $39, 000 00 



Premium on above June 30, 1875, at llGJg-, $3,107.81; and 



January 1, 1876, at 112f|, $2,474.07, (less commission) . . 5, 581 8S 



Interest on Virginia bonds, coupons sold June 14 and De- 

 cember 31, 1875 4,750 IL 



Dividend from First National Bank, 10 per cent., May 5, 

 1875, $822.48; and 15 per cent., December 27, 1875, 

 $1,233.73. 2,050 23 



Amount 51, 388 2( 



EXPENDITURES. 



Total expenditure from the Smithson income in 1875 4G, 809 9S 



Balance unexpended of the annual income, which is in- 

 cluded in the cash balance in the Treasury, ($20,555.82) . . 4, 578 22 



HAMILTON BEQUEST. 



By the will of the late James Hamilton, of Carlisle, Pa., the sum 

 of one thousand dollars was left to the Institution, the interest ot 

 which was to be expended biennially for the advance of knowledge. 

 This bequest was received on the 24th of February, 1874, from the ex- 

 ecutors of Mr. Hamilton, and to secure its safe investment the money 

 was immediately deposited by Professor Henry in the Treasury of the 

 United States, (see Smithsonian Eeport for 1873, page 159,) on the same 

 terms as the original bequest of Smithson, in accordance with the act 

 of Congress of February 8, 1867, which authorizes the increase of the 

 permanent fund to a sum not exceeding one million dollars. 



The following is a statement of the interest received on the Hamilton 

 bequest, which will be appropriated in accordance with the terms of the 

 will: 



Interest on $1,000 from February 24, 1874, to December 31, 



1874 $50 88 



Interest from January 1, 1875, to December 31, 1875, 



per cent, in coin $60 00 



Premium at 112i|, less commission 7 01 



07 61 



• 118 49 



