REPORT OF THE EXECUTIVE COMMITTEE. 



The Executive Committee of the Board of Regents of the Smithsouian 

 Institution respectfully submit the following report in relation to the 

 funds of the Institution, the appropriations by Congress for the support 

 of the National Museum, the receipts and expenditures for both the 

 Institution and the Museum for the year 1877, and the estimates for the 

 year 1878. 



Statement of the condition of the funds at the beginning of the year 1878. 



The amount originally received as the bequest of James 

 Smithson, of England, deposited in the Treasury of the 

 United States, in accordance with the act of Congress of 

 August 10,1846 $515,109 00 



Eesiduary legacy of Smithson, received in 1865, deposited 

 in the Treasury of the United States, in accordance with 

 the act of Congress of February 8, 1867 26, 210 03 



Total bequest of Smithson $541,379 03 



Amount deposited in the Treasury of the United States as 

 authorized by act of Congress, February 8, 1867, derived 

 from savings of income and increase in value of invest- 

 ments 108,620 37 



Amount of the bequest of James Hamilton, of Carlisle, Pa., 



February 24, 1874 1,000 00 



Total permanent Smithson fund in the United States 

 Treasury, bearing interest at 6 per cent., payable 



semi-annually in gold $651, 000 00 



In addition to the above, there remains of the extra fund, 

 from savings, &c., in Virginia bonds and certificates, viz: 



Consolidated bonds $58, 700 00 



Deferred certificates ., 29, 375 07 



Fractional certificate c 50 13 



Total 88, 125 20 



Valued January, 1878, at 34, 562 00 



Also, the cash balance deposited in the United States 



Treasury, at the beginning of the year 1878 25, 083 90 



Total Smithson funds, January 6, 1878 $710, 645 90 



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