118 REPORT OF THE EXECUTIVE COMMITTEE. 



Virginia stoclc. — The Institution owns the following bonds and certifi- 

 cates of the State of Virginia : 

 Consolidated bonds : 



58 bonds, Nos. 11521 to 11578 inclusive, 



for $1,000 each. $58, 000 00 



1 bond, No. 1380, for 500 00 



2 bonds, Nos. 4191 and 4192, for $100 



each 200 00 



Deposited with the Treasurer of the United States $58, 700 00 



Deferred certificates : 



No. 4543, dated July 1, 1871, for $29, 375 07 



No. 2909, dated July 1, 1871, for 50 13 



Deposited with Riggs & Co 29, 425 20 



Total of Virginia securities 88, 125 20 



The estimate by Riggs & Co. of the value of these bonds 



and certificates, January 1, 1880, is 32, 000 00 



The coupons on the consolidated bonds for January 1 and July 1, 1879, 

 were sold for the Institution, November 12, 1879, as follows: 



$3, 480 Virginia, $30 coupons, at S3 $2, 888 40 



30 Virginia, $15 coupons, at 90£ 27 08 



12 Virginia, $3 coupons, at 92 11 04 



3, 522 2, 920 52 



Uess commission on $3, 522, at h of one per cent. 17 (50 



Net proceeds of coupons $2, 908 92 



Hamilton bequest. — James Hamilton, of Carlisle, Pa., be- 

 queathed to the Smithsonian Institution (February 24, 

 1874) $1, 000 00 



This amount is deposited in the Treasury of the United States as an 

 ; addition to the Smithson Fund, in accordance with the Act of Congress 



•of February 8, 1807. 



Interest received for the year 1879 $G0 00 



RECEIPTS in L879. 



Interest on $650,000 for the year 1879, at per cent $39, 000 00 



Interest on Virginia bonds: 



Sale of coupons, by Biggs & Co., for January 1 and 

 July 1, 1879, for $:5.5^ (November 12, L879), at 83, 



90;]:, 92, less commission. 2,908 92 



.Interest on Hamilton fund of $1,000 for the year L879 00 00 



Legacy of Simeon Babel, of Uew York 402 59 



Balance on hand at the beginning of 1S79 19,632 57 



Total receipts for the year 1879 $G2, 004 08 



