PROCEEDINGS OF THE BOARD OF REGENTS. 109 



Tlie Secretary made a statement relative to the finances of the Institution, the 

 sale of the State stocks, etc. 



Gen. Delafield, on the part of the Executive Committee, presented the annual 

 account of receipts and expenditures for 1867, and stated that a detailed report 

 would he submitted at a futm-e meeting. 



The Secretary presented a statement in regard to international exchanges of 

 literary, scientific and government publications. The act of Congress, passed 

 at the last session, directing that 50 copies of every government ])ublication 

 should bo given to the Smithsonian Institution to be exchanged for the publica- 

 tions of foreign governments, had not been carried out, as the public printer did 

 not consider that the act refeiTed to authorized the printing of extra copies of 

 the works, and all the regular edition was already disposed of according to exist- 

 ing laws. Further legislation was therefore required. 



Mr. Pruyn stated that the subject had been refened to the Library Committee 

 of Congress, of which he was a member, and that he Avould do all in his power 

 to promote the object desired. 



Professor Agassiz, from the committee appointed at the meeting of February 1, 

 1867, presented a repoit, which, on motion of Mr. Wallach, was accepted. 



After remarks by several Eegents, on motion of Mr. Poland, the report was 

 laid on the table and made the special order for the next meeting. 



On motion of General Garfield the report was ordered to be printed. 



The Board then adjourned to meet on Monday evening, January 27, 1868. 



Washington, January 27, 1868. 



A meeting of the Board of Regents of the Smithsonian Institution was held 

 at 7j o'clock p. m., in the Regents' room. Present, Chief Justice Chase, (the 

 Chancellor,) Hon. B. F. Wade, Hon. Richard Wallach, Hon. J. A. Garfield, 

 Hon. L. P. Poland, Hon. J. V. L. Pruyn, Professor Agassiz, Hon. Peter Parker, 

 and Professor Henry, the Secretary. 



The Chancellor took the chair, and the minutes of the last meeting were read 

 and approved. 



The Secretary presented the report for the year 1867. 



Professor Agassiz presented a printed and revised copy of the report of the 

 special committee on the use of the new room, made at the last meeting, which 

 was read as follows : 



Ecjwrt of the committee appointed to consider ivhai loill he tJie best use for the large 

 room in the second story of the main building of the Smithsonian Institution. 



The influence the Smithsonian Institution has exercised from its origin upon 

 the progress of science in the United States has been so marked and so deep, 

 that in considering any step connected with the organization of the Institution, 

 it is of the utmost importance to keep in view its bearing upon the advancement 

 of knowledge generally. To those not familiar with the active operations of 

 the Institution, the growing recognition of the difierence between the increase 

 and difi'usion of knowledge, and the consequent establishment by Congress of a 

 National Academy, mainly organized for the purpose of enlarging the boundaries 



