THE SMITksONIAN INSTITUTION. 69 



LIBRARYj MUSEUM, AND GALLERY OF ART. 



Library: 



Cost of books $3,186 15 



Transportation for library 330 49 



Stereotype system... 44 22 



Pay of assistants 1,740 00 



Incidentals to library 124 31 



Museum : 



Salary of assistant secretary 2,000 00 



Explorations 150 00 



Collections.,, , 150 50 



Alcohol, glass jars, &c 199 88 



Assistance, labor, and incidentals to 



museum 390 57 



Transportation for museum 529 24 



Gallery of Art , 83 18 



$8,928 54 



♦ 



47,924 34 



It will be seen, from the foregoing statement, that the expenditures 

 for the building differ considerably from the estimats of the commit- 

 tee. At the time of making the estimate, they had no means of as- 

 certaining what would be required for payment of the contractor. 

 The architect had not furnished his final statement of the entire cost 

 of the edifice, and it was in consideration of this that a resolution was 

 adopted, authorizing the Building Committee to pay out of the special 

 fund of the Institution such sum as would be required. They have 

 accordingly drawn $5,000 on this account from Messrs. Corcoran & 

 Eiggs, as is shown in the general statement. 



On account of the large drafts required for payments on the build- 

 ing, an effort was made to curtail the expenditures on other parts of 

 the operations. The whole sum appropriated for the current expenses 

 of the Institution during the year 1855, exclusive of the building, 

 was $32,465. Of this sum there has been expended but $28,611 47; 

 the remainder, $3,853 53, serves to increase the amount in the hands 

 of the treasurer, and will be appropriated to discharging the sum still 

 due the contractor. 



Hereafter the funds of the Institution will be in a much more 

 manageable condition. The architect has rendered his final account, 

 and the sum of about $6,000 still due on the building being definitely 

 known, a more precise estimate can be now made. If the expendi- 

 tures during the present year are kept within the estimate, as they 

 probably will be, the sum of $125,000 of accrued interest will be on 

 hand at the beginning of 1857, which may be permanently invested 

 as a part of the capital. 



It has been stated, in the preceding reports, that a plan of finances 

 was adopted in the beginning, by which a portion of the income might 

 be saved for the purpose of increasing the capital rendered necessary 

 to defray the expense of the support of the large building authorized 



