THE SMITHSONIAN INSTITUTION. 6T 



REPORT OF THE EXECUTIVE COMMITTEE. 



ADOPTED JANUARY 15, 1855. 



The Executive Commiltee submit to the Board of Regents the fol- 

 lowing report relative to the present state of the finances, and the- 

 expenditures during the year 1854. 



The whole amount of the Smithsonian bequest, depos- 

 ited in the treasury 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 year as in charge of Messrs. Corco- 

 ran and Riggs $179,408 02 



From which deduct amount passed by 

 them to the credit of the treasurer, to 

 meet payments on building during 1854 54,408 02 



125,000 00 

 Balance in the treasury, January 1, 1855 14,159 59 



139,159 59 

 $654,328 59 



The following is a general view of the receipts and expenditures for the year 

 1854, exclusive of amount drawn from Corcoran and Riggs on account of 



the buildins^. 



o 



RECEIPTS. 



Balance in the treasury, as per last report $6,944 68 

 Interest on the original fund for the year 



1854 \ 30,910 21 



Interest on the extra fund for the year 1854 7,276 39 



,131 28 



EXPENDITURES. 



For items common to the objects of the 



Institution _ . . $12,752 00 



For pubhcations, researches, and lectures 8,094 38 



For library, museum, and gallery of art. . 9,512 19 



For building purposes — difference between 



the amount expended and the amount 



withdrawn from Corcoran and Riggs. . 613 12 



Balance in the treasury 14,159 59 



$45,131 28 



