76 REPORTS OF COMMITTEES. 



The estimated income for the year 1858, inclusive of the balance in 

 the hands of the treasurer, was $38,326 14, and the actual income 

 was the same, no change having taken place in the amount received 

 from the interest on the extra fund. 



The estimated expenditure was $37,000. The actual expenditure 

 was $32,498. This diiference, which is nearly $4,500, has been 

 saved principally on the building, transportation, and the payment of 

 assistants. 



The last mentioned item has been somewhat diminished by the pay- 

 ment from the appropriation of Congress for the keeping of the 

 museum of the exploring expeditions which has been transferred from 

 the Patent Office to the Smithsonian Institution. The amount re- 

 ceived for the last six months on this account has been about $2,000. 

 This sum is not credited to the Institution, because the money is dis- 

 bursed by the Secretary of the Interior. 



The amount of income above that of the expenditure was $5,828 12. 

 This sum has been saved with the view of carrying out the design 

 mentioned in the last report, namely, that of accumulating a suffi- 

 cient sum in the treasury to enable the payment of cash for all pur- 

 poses, and thus to save the extra charge which, in almost all cases, is 

 made when payment is deferred. 



The amount in the treasury at the beginning of the present year for 

 carrying on the operations until the time of receiving the next income 

 was $10,169 42. Of this, however, $5,000 belong to the extra fund, 

 which has not yet been invested. According to the statement of the 

 secretary, the Institution, at the beginning of 1859, had no outstand- 

 ing debts, and hence it appears that the funds are in a good condition. 



The committee respectfully submit the following estimate of the re- 

 ceipts and expenditures for the year 1859 : 



ESTIMATE OF THE RECEIPTS AND EXPENDITURES FOR THE YEAR 1859. 



Receipts. 



Balance in the hands of the treasurer January 1, 1859... $16,169 42 



Interest on the original fund 30,910 14 



Interest on the extra fund 7,416 00 



$54,495 56 



Expenditures, 



BUILDING, FURNITURE AND FIXTURES. 



Eepairs and incidentals $1,500 00 



Furniture and fixtures 500 00 



Magnetic observatory 100 00 



$2,100 00 



