REPORT OF THE EXECUTIVE COMMITTEE OF THE BOARD OF 

 REGENTS OF THE SMITHSOiNIAN LNSTITUTION FOR THE 

 YEAR 1878. 



The Executive Committee of tlie Board of Eegents of tlie Smithson- 

 ian Institution respectfully submit the following report in relation to the 

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

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

 Institution and the Museum for the year 1878, and the estimates for the 

 year 1879: 



Statement of the condition of the funds at the beginning of the year 1879. 



The amount originally received as the bequest of James 

 Smithsou, 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, 18G7 26, 210 63 



Total bequest of Smithson , $541, 379 63 



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 50 13 



Total 88,125 20 



Valued January, 1879, at 34, 000 00 



Also, the cash balance in the United States Treasury 



at the beginning of the year 1879 19, 632 57 



Total Smithson funds, January 8, 1879 $704, 632 57 



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