REPORT OF THE EXECUTIVE COMMinEE. 



The Executive Committee respectfully submit to the Board of Re- 

 gents the following report of the receipts and expenditures of the 

 Smithsonian Institution during the year 1861, with general estimates 

 for the year 1862. 



RECEIPTS. 



The whole amount of Smithson's bequest deposited in 



the treasury of the United States is $515,169, from 



which an annual income at six per cent, is derived of i^30,910 14 

 The extra fund of unexpended income is invested, as 



follows, viz : 



In 75,000 Indiana 5 per cent, bonds, yielding 3,750 00 



In 53,500 Virginia 6 per cent, bonds, yielding nothing 



during 1861. 

 In 12,000 Tennessee 6 per cent., yielding nothing 



during 1861. 

 In 500 Georgia 6 per cent., vielding nothing during 



1861. 

 In 100 Washington 6 per cent., will be paid, but not 



collected in 1861. 



Total income 34, 660 14 



Balance in the hands of the treasurer, Jan. 11, 1861- • 16,521 95 



Total receipts 51, 182 09 



EXPENDITURES 



For building, furniture, and fixtures ••• • $1,734 62 



For general expenses 10,899 69 



For publications, researches, and lectures 10,764 96 



For library, museum, and gallery of art- ■ 5,737 65 



Total expenditure 29, 136 92 



Balance in the hands of the treasurer, January 9, 1862 22,045 17 



