PROCEEDINGS OF THE BOARD OF REGEiNTS OF THE SMITH- 

 SOxMAN IiNSTTTUTlOiN FOR THE FISCAL YEAR EiNDED JUNE 

 ;30, 1924 



ANNUAL MEETING, DECEMBER 13, 1923 



Present : The Hon. William H. Taft, Chief Justice of the United 

 States; Senator Henry Cabot Lodge; Representative Albert John- 

 son; Representative R. Walton Moore; the Hon. George Gray; the 

 Hon. Henry White; Mr. Robert S. Brookings; Mr. Irwin Laiighlin; 

 Mr. Frederic A. Delano; and the secretary, Dr. Charles D. Walcott. 



Judge Gray, as temporary chairman, called the meeting to order. 



ELECTION" OF A CHANCELLOR 



The secretary said that the office of chancellor, to which Mr. Cool- 

 idge was elected by the board during his incumbency as Vice Presi- 

 dent, had been vacated by his elevation to the Presidency. Under 

 the law organizing the Institution (sec. 5582), "The regents shall 

 meet in the city of Washington, and elect one of their number as 

 chancellor, who shall be the presiding officer of the Board of Regents, 

 and called the chancellor of the Smithsonian Institution." 



Senator Lodge offered the following resolution, which was 

 adopted : 



Resolved, That Chief Justice Taft be elected chancellor of the Smithsonian 

 Institution. 



APPOINTMENT OF REGENT 



The secretary announced the reappointment of Senator Henry 

 Cabot Lodge as a Regent. 



RESOLUTION RELATIVE TO INCOME AND EXPENDITURE 



Judge Gray, chairman of the executive committee, presented the 

 following resolution, which on motion was adopted : 



Resolved, That the income of the Institution for the fiscal year ending June 

 30, 1925, be appropriated for the service of the Institution, to be expended by 

 the secretary with the advice of the executive committee, with full discretion 

 on the part of the secretary as to items. 



ANNUAL REPORT OF THE EXECUTIVE COMMITTEE 



The secretary submitted in printed form the annual report of the 

 executive committee, giving a statement of the financial condition 

 of the Institution for the fiscal year ending June 30, 1923. 



127 



