66 EIGHTH ANNUAL REPORT OF 



REPORT OF THE EXECUTIVE COMMITTEE. 



The Executive Committee submit to the Board of Regents tlie follow- 

 ing report, relative to the present state of the finances, and the expendi- 

 tures during the year 1853. 



They are happy to inform the Board that, after a strict examination 

 of the accounts, they are enabled to present a very satisfactory state- 

 ment of the present condition of the finances, and the result of the 

 investigations as to the expenditures during the year. 



The whole amount of the Smithsonian bequest, deposited in the trea- 

 sury of the United States, (from which an annual income, at 6 per cent., 



IS derived of $30,910 14,) is. $515,169 00 



Amount of unexpended interest, reported 

 last vear as in charge of Messrs. Cor- 

 coran & Riggs $208,800 00 



From which deduct amount expended on 



the building during the past year. . . . 29,391 98 



179,408 02 

 Oi' this it is proposed to expend the further 



sum of 29,408 02 



Which will leave to be added to the princi- 

 pal, according to the original proposition 

 of Professor Bache 150,000 00 



The whole fund will then be 665,169 00 



