REPORT OF THE EXECUTIVE COMMITTEE. 129 



sales of tbo publications of the Institution, have been deducted from 

 the expenditures for the year. These credits have been as follows : 



Pubhcations, sales $261 83 



Exchanges, repayments for freight 263 28 



Books, repayment ,..^ 3Q 00 



Gallery of art, reiiaymeut 14 65 



Postage, repayment 3 00 



Incidentals, repayment 2 00 



Total in 1878 $574 76 



ESTIMATES. 



The following are the estimates of receipts by the Institution for the 

 year 1S79, and the appropriations required for carrying on its opera- 

 tions during the same period : 



Estimated receijyts. 



Interest on the permanent fund, receivable July 1, 1879, 



and January 1, 1880 $39, 000 00 



Interest on the Hamilton fund for 1879 60 00 



Sale of Virginia coupons due January 1, 1879, and July 1, 

 1879 2,500 00 



41,500 00 

 Estimated appropriations. 



For building $2, 000 00 



For general expenses 14, 000 00 



For publications and researches 14, 000 00 



For exchanges , 10, 000 00 



For booli;s and apparatus 1, 000 00 



For contingencies 560 00 



41,560 00 



The death of Professor Henry, the Secretary of the Institution, on 

 the 13th of May, 1878, rendered necessary a special examination of the 

 accounts up to that date by the Executive Committee, who found that, 

 of the amount on hand at the beginning of the year 1878 ($25,083.90), 

 there had been exi)ended under his supervision and direction the sum 

 of $16,560.92, every cent of which was accounted for by vouchers and 

 entries in the usual books of account, with his characteristic precision 

 and care. The balance ($8,522.98) was transferred, on the 28th of May, 

 1878, by the Treasurer of-, the United States, to the credit of the new 

 Secretary of the Institution, Prof. Spencer F. Baird, in whose name the 

 account of the Institution is now kept. 

 S. Mis. 59 9 



