XII PROCEEDINGS OF THE BOARD OF REGENTS. 



The Secretary presented his report of the operations of the Institu- 

 tion for the fiscal j^ear ending- June 30, 1901, which was accepted, and 

 in which he invited the Board's attention to the statements concerning 

 the National Zoological Park, the International Exchange Bureau, and 

 the other interests under their charge. He spoke particularly with 

 regard to the crowded condition of the National Museum, the need for 

 additional space for the exhibition and care of the increasing collec- 

 tions, and the need of special action to secure it. 



After discussion, the following resolution was adopted: 



Resolved, That a committee consisting of six niembei's of this Board be appointed 

 by the Chancellor, whose duty it shall be to I'cpresent to Congress the jiressing 

 necessity of additional room for the proper exhibition of specimens belonging to the 

 National Museum, and of additional appropriations to c^arry on the work of the 

 Museum. 



The C'hancellor appointed as members of this committee, Senators 

 Piatt, CuUoni, and Cockrell, and Representatives Hitt, Adaniv, and 

 Dinsmore. 



. Senator Henderson, as chairman of the executive committee, pre- 

 sented the annual report of that committei^ for the fiscal year ending 

 June 30, 1901. 



On motion, tlie report was adopted. 



RKPORT OF TIIK TERMANENT COMMITTEE. 



Senator Henderson, chairniaii of the permanent committee, made 

 tin; following statement: 



rilE iroDGKlNS FUND. 



The Regents will rememljer tliut in addition to the sum of approximately $208,000 

 already deposited' in the general fund constituted by the Hodgkins bequest, and 

 first-class bonds of a present market value of perhajjs $42,000, already in the custody 

 of the Institution, a residual sum of about $9,000 is still in the hands of the executor 

 of the estate, and is deposited with the New York Insurance and Trust Company of 

 New York City, by order of court, awaiting the decision of certain suits in wliich the 

 liability of the estate of Mr. Hodgkins, on account of a warranty of title by him in 

 the transfer of certain property in New York City, is in question. 



One of the two small properties in i*]lizabeth, N. J., derived by tlic Institution 

 through the Hodgkins bequest, was sold during the year, with the ai)i)roval of the 

 permanent committee, for $600. The remaining property, consisting of a single 

 house and lot, the value of which is (estimated at $1,000, has been continued in the 

 care of the real estate agents in Elizabeth, who have been charged \\'ith its manage- 

 ment for several years. It is, in the opinion t)f the permanent committee, -desirable 

 that tliis small holding be likewise disposed of whenever an ojjportunity for its sale 

 at a fair pi'ice is ])res('iited. 



'I'lIK A\Ki{V I'TNl). 



The properties received l)y tlu- Institutinu from the Avery betjuest have been esti- 

 mated to be worth $26,000. They are mostly uninqtroved, and yield a revenue of 

 only al)out $500 a year. Mrs. Julia N Chase (formerly Miss .lulia N. Avery) pre- 

 sented a claim for $().''>6 against tiic Instilution on ui'count of a slight encroachment 



