160 EEPORT OF THE EXECUTIVE COMMITTEE. 



VIRGINIA STOCK. 



The Institution owns the following bonds and certificates : 

 Consolidated bonds : 

 58 bonds, Nos. 11521 to 11578 inclusive, for $1,000 



each 158, 000 00 



1 bond, No. 1380, for 500 00 



2 bonds, Nos. 4191 and 4192, for $100 each .... 200 00 



$58, 700 00 



These are dejDosited with the Treasurer of the United 

 States. 



Deferred certificates : 



Icertificate, No. 4543 29,375 07 



1 certificate, No. 2969 50 13 



29, 425 20 



These are deposited with Eiggs & Co. 

 Total par value of Virginia securities 88, 125 20 



The estimated value of which by Eiggs & Co. January 1, 



1881, is 47, 000 00 



The coupons on the consolidated bonds are receivable for taxes in 

 Virginia, and were sold for the Institution by Eiggs & Co. November 27, 

 1880, viz, $'3,522 at an average of 92, yielding $3,239.76. (See Eeceipts.) 



It is gratifying to notice the improvement of the Virginia securities, 

 the increased value of those held by the Institution being $15,910 since 

 the report of the committee last year. 



HAMILTON BEQUEST. 



The Institution derived from the bequest of James Hamilton, of Car- 

 lisle, Pa., February 24, 1874, one thousand dollars, the interest on which 

 is to be appropriated biennially for the promotion of science. The prin- 

 cipal is deposited in the Treasury of the United States as 'an addition to 

 the permanent Smithson fund. The interest received on this fund dur- 

 ing 1880,-^was $60. 



HABEL BEQUEST. 



Among the receipts for the year 1879 was a bequest of $402.59, by 

 Dr. Simeon Habel, of New York. With the sanction of the Executive 

 Committee, the Secretary added to this sum $97.41 from the annual in- 

 come of the Institution to increase it to $500, and this was deposited in 

 the United States Treasury as a part of the Smithson fund, to be known 

 as the Habel bequest. This deposit was made on the 15th of March, 

 1880, the interest on which to the end of the year was $23.88, as specified 

 in the receipts. 



