REPORT OF THE EXECUTIVE COMMITTEE. 



Washington, D. C, February 1, 1870. 

 The Executive Committee of the Smitbsoiiian Institution respectfully 

 submits the foUowiuf;- statement of tlie financial condition of Smitlison's 

 trust fund, and the application of the income for the year ending 31st 

 December, 1809, with estimates of receipts and proposed appropriations 

 for 1870: 



The bequest of Smithson iu the United States treasury is . . 8511, 379 03 

 The l\e;;euts have added to this investment from savings, 

 &c 108, 020 37 



Making' the Smithson fund in the TJ. S. Treasury, as a per- 

 petual loan, at per cent., on the 1st January, 1870 050, 000 00 



And in Virginia State per cent, registered stock . $53, 500 

 With unpaid interest to January, 1807 19, 200 



$72, 700 



The value of vrhich, at the present time, may be estimated 



at 58 per cent 42, 200 80 



Total invested capital 092, 200 80 



And a cash balance in bank of 20, 909 05 



Thus making Smithson's Trust Fund, on the 1st Januarv, 



1870 1. 713, 170 45 



RECEIPTS IN 1809. 



Interest from the Treasurer of the United States, on 

 $050,000, at i^er cent., for the year ending 31st Decem- 

 ber, 1809 $39, 000 00 



Premium on sale of gold, at 34| and 19| per cent, premium . 10, 515 20 



Sales of publications 235 58 



Sales of old and useless material 232 07 



Eepayment of expenses of explorations and collections. .. 7'»2 15' 



Repayment for freights on literary and scientific exchanges . 517 50 



Total income for the year 1809 51, 232 50 ■ 



Cash balance in bank, January, 1809 10, 352 74 



Amount available in 1809 $01, 585 30 



In addition to this sum, the Institution received from and accounted, 

 for to the Department of the Interior the sum of $4,000, approi)riated; 

 by Congress for the preservation and care of the prox)erty in the mu- 

 seum, collected by Government exploring expeditions. 



