REPORT OF THE SECRETARY. 7 



fifty years increased but from $600,000 to somewhat less than 

 $1,000,000, but the am&rage endowment of the rive universities 

 named is now about $8,000,000, indicating that in this regard 

 the Institution's fund for scientific purposes is relatively unim- 

 portant compared with what it was fifty years ago. 



The Secretary announced to the Regents the fact that sev- 

 eral new bequests had been made to the Institution, though 

 none of these were realized at present. While the Institution 

 has scrupulously refrained from even the appearance of solic- 

 iting funds, yet he felt that its own utility depended largely 

 upon the increase of the means which were directly at the dis- 

 position of the Regents. He asked for any instructions as to 

 the employment of means consonant with the position and 

 actual independence of the Institution for making its fitness 

 as a conservator and administrator of gifts and legacies known 

 to the general public, and he spoke of the desirability of a 

 wider circulation of the Secretary's report and Appendix, to 

 which he had given of late much personal care. A discussion 

 upon the subject arose, but the Board adjourned without taking 

 any action. 



APPOINTMENT OF REGENTS. 



The Hon. Shelby M. Cullom, whose term of office as Regent 

 expired March 1, 1901, was on March 7 reappointed by the 

 President of the Senate, and the Hon. Francis M. Cockrell, 

 Senator from Missouri, was appointed to succeed the Hon. 

 William Lindsay, whose term as United States Senator 

 expired on March 4, 1901. 



As organized at the end of the fiscal year, the Board of 

 Regents consisted of the following members: 



The Hon. M. W. Fuller, Chief Justice of the United States, 

 Chancellor; the Hon. Theodore Roosevelt, Vice-President of 

 the United States; Senator S. M. Cullom; Senator O. H. 

 Piatt; Senator Francis M. Cockrell; Representative R. R. 

 Hitt; Representative Robert Adams, jr.; Representative 

 Hugh A. Dinsmore; Dr. James B. Angell; Dr. Andrew^ D. 

 White; the Hon. J. B. Henderson; the Hon. George Gray: 

 Dr. A. Graham Bell; the Hon. Richard Olney. 



ADMINISTRATION. 



The Secretary's time continues to be chiefly given to purely 

 administrative duties, while, during such increasingly limited 



