120 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1921. 



140 East Capitol Street, Washington, D. C, forming a part of the 

 original bequest of the late Robert Stanton Avery, is still retained 

 by the institution and yields a nominal revenue. 



During the year the following amounts were invested and added 

 to the principal of the respective funds : 



Rhees fund $39. 00 



Avery fund 1, 540. 9G 



Addison T. Reid fund 710. 00 



Lucy T. and George W. Poore fund 1,692.00 



George H. Sanford fund 73.00 



Lucy H. Baird fund 60.33 



Bruce Hughes fund 386.00 



Virginia Purdy Bacon fund 285.00 



Chamberlain fund (balance of bequest) 25,000.00 



Smithson fund 164. 74 



29, 951. 03 



Since October, 1920, the institution has received from the executors 

 of the Charles L. Freer estate stocks of Parke, Davis & Co., repre- 

 senting a book value of $1,252,710. These stocks pay a quarterly 

 dividend which is credited proportionately to the several specific 

 purposes provided for by the testator. The total dividends received 

 by the institution during the period from October, 1920, to the end 

 of the year, June 30, 1921, amounted to $25,676. 



The itemized report of the auditor filed in the secretary's office 

 confirms the following statement of receipts and disbursements : 



Detailed survey of financial operations. 



Ordinary receipts : 



Cash balance on hand July 1, 1920 $13, 304. 34 



Income from Smithson fund and from miscellaneous sources 



available for general purposes 56, 796. 85 



International Exchanges, repayments to the institution for 



specific services 4, 779. 47 



Total ordinary resources ' 74,880.66 



Ordinary expenditures : 



Care and repair of buildings 7,177.37 



Furniture and fixtures 1,500.57 



General administration 27, 570.38 



Library 2, 954. 21 



Publications (comprising preparation, printing, and distribu- 

 tion) 19, 533. 17 



Researches and explorations 1 2,824.22 



Invested in consolidated fund 164.74 



International Exchanges 4,477. 63 



Total ordinary expenditures 66,202.39 



