REPORT OF THR SECRETARY. 7 



notice from tiie American minister at Eome, the Hon. George P. Marshy 

 that tbe sculptor liad completed the design for the statue, th« first in- 

 stallment of $.j,7oO was paid to him on the 2Gth of February, 18S1. 

 On receivin<>- the certificate of Mr. Marsh that the model in clay had 

 Ix^en finished, the second installment of $3,750 was paid to the 8culi)tor 

 on the 8th of June, 1881. As we are informed by Mr. Story that the 

 bronze castin^;' from this model will very soon be made, the third install- 

 ment of $3,750 will be due early in 1882. It is thought that the bronze 

 statue will be at once shipped, and i)robably received in Washington 

 during the month of March of this year. 



In compliance with Mr. Story's request a number of photographs 

 were sent to him to be used in preparing the model of this statue; 

 also, a cast of the face and a bust, executed by Mr. Clark Mills 5 and, 

 finally, an academic gown belonging to Dr. Maclean, of rrinceton, 

 similar to the one used by Professor Henry when a member of the 

 faculty of Priccetou College. 



As the law of Congress provides that the pedestal of the statue shall 

 be furnished by Mr. Story, at his request estimates for executing the de- 

 sign by him were invited from various manufacturers in the United 

 States. As might have been expected, these varied considerably in 

 amount; but the proposals were all duly submitted to Mr. Story, who 

 selected the offer of the Maine Eed Granite Company, which has been 

 assi\med by the Quincy Granite Polishing Works. They offer a ped- 

 estal according to Mr. Story's plan, the die to be of Eed Beach gran- 

 ite and the remainder of Quincy gray granite ; the die to be i^olished, 

 the remainder fine-axed; the whole, securely boxed and delivered in 

 Washington, for $982. 



An imi)ortant point, namely, that of the precise location of the statue 

 iu the Smithsonian grounds yet remains to be considered. I would re- 

 spectfully suggest that the spot be designated at as early a date as pos- 

 sible; also that provision be made for appropriate ceremonies con- 

 nected with thejnauguration of the statue. 



FINANCES. 



General condition. — The condition of the finances of the Smithsonian 

 Institution at the end of the year 1881, is entirely satisftictory. All 

 liabilities have been paid, and a larger balance than usual remains, with 

 which to conmence the work of the calendar year 1882. The reason of 

 this surplus is due to several causes, and, among others, to the reduc- 

 tion of the expenses of the system of exchanges, consequent upon the 

 appropriation by Congress, of three thousand dollars, for that purpose, 

 of which one-half has been collected. Several specific appropriations 

 have also been made by Congress to meet the share of expenses of i)ar- 

 ticular departments of the Government, especially of the Engineer IJu- 

 reau of the W^ar Department and of the ISTaval Observatory. On this 

 account, although the magnitude of the work is much greater than that 



