4 ANNUAL REPOKT SMITHSONIAN INSTITUTION, 1924 



a building and funds were obtained privately for the preparation 

 of plans. Mr. Charles A. Piatt was selected as the architect and at 

 the close of the yesLV the plans were well under way. In addition 

 to this, Senator Lodge during the year offered an amendment to 

 the deficiency appropriations bill which would have provided funds 

 for beginning the erection of a building, but the amendment was 

 not accepted. However, these developments indicate an awakening 

 to the realization that America should no longer be practically the 

 only civilized nation on earth without a National Art Gallery, and 

 it is hoped that in the near future funds will be provided for a 

 suitable home for the valuable art collections belonging to the 

 Nation. 



FINANCES 



The permanent investments of the Institution consist of the 

 following : 



Deposited in the Treasury of the United States $1, 000, 000. 00 



CONSOLIDATED FUND 



Miscellaneous securities, etc., either purchased or acquired by 

 gift; cost or value at date acquired 194,826.50 



Charles D. and Mary Vaux Walcott research fund, stock (gift) 

 value 11, 520. 00 



The sums invested for each specific fund, or securities, etc., 

 acquired by gift are described as follows: 



Dr. William L. Abbott has continued his contributions during the 

 year for researches in natural history and collection of specimens in 

 China. 



Further generous contributions have been made by Mr. John A. 

 Koebling for researches in astrophysics, providing for aiding the 



