REPORT OF COMMITTEE. 91 



its affairs with $20,000 in cash, besides the undiminished original be- 

 quest of Smithson in the treasury of the United States, and $141,000 

 invested in State stocks, from which it is hoped at some future time 

 the full interest may be received. 



It is impossible, in view of the uncertainty of the future, to present 

 even an approximate estimate of the expenditures during 1862. The 

 committee would, however, submit the following as a general guide 

 to the Secretary : 



Estimated income $34, 666 14 



Estimated expenditure : 



For building, furniture, and fixtures $2,000 00 



For general expenses 10,500 00 



For publications, researches, and lectures- 10,500 00 

 For library, museum, and gallery of art- 9,000 00 



32,000 00 



The committee have carefully examined the books and accounts of 

 the Institution for the past year, and find them to be correct. 

 Respectfully submitted. 



J. A. PEARCE, 

 A. D. BACHE, 

 J. G. TOTTEN, 



Executive Committee. 



