JOURNAL OF PROCEEDINGS. 93 



States, in May last. The proceedings of the meeting were then 

 read. 



Mr. Maury, on the part of the Building Committee, submitted its 

 report ; which was read and adopted. 



The treasurer, W. W. Seaton, Esq., presented the details of the 

 expenditures during the year 1853; also, a general statement of the 

 linances; which were, on motion, referred to the Executive Com- 

 mittee. 



The Secretary called the attention of the Board to the fact that a 

 resolution had been adopted by the House of Representatives ap- 

 pointing a committee of nine to inquire into the expediency of 

 withdrawing the Smithsonian fund from the Treasury of the United 

 States, and investing it in some safe stocks. 



On motion of Mr. Mason, the consideration of the subject was 

 postponed until the Secretary should be called upon by the commit- 

 tee of the House for information, and his report was presented to 

 the Board. 



The Secretary presented his report of the operations of the insti- 

 tution for the year 1853 ; which was in part read. 



On motion of Mr. Maury, it was — 



Resolved, That the vacancy existing in the Building Committee be filled by nomi- 

 nation of the chair. 



Whereupon, Mr. William H. English was appointed. 

 The Board then adjourned, to meet on Saturday, January 28th, 

 at 10 o'clock, a. m. 



January 28, 1854. 



An adjourned meeting of the Board of Regents was held on Sat- 

 urday, January 28th, 1854, at 10 o'clock, a. m. 



Present, Messrs. Bache, English, Maury, Meacham, Pearce, Stu- 

 art, Taney, Totten, of the Board; W. W. Seaton, Esq., treasurer, 

 and the Secretary. 



The Chancellor took the chair. 



The minutes of the last meeting were read and approved. 



The Secretary stated to the Board that Hon. Joseph R. Chandler 

 had offered to present to the House of Representatives the petition 

 of the Board, relative to funding the $150,000 of surplus income in 

 the Treasury of the United States, and to move that it might be 

 referred to the committee which had been appointed by the House, 

 relative to the Smithsonian fund. 



Whereupon, on motion of Mr. Pearce, the original memorial of 

 the Board to Congress was referred to the Executive Committee, 



