JOURNAL OF PROCEEDINGS 



OF 



THE BOABD OF REGENTS 



Washington, January 16, 1867 

 In accordance with a resolution of the Board of Regents of the Smithsonian 

 Institution, fixing the time of beginning of their annual session on the third 

 "Wednesday of January in each year, a meeting was called for this day. 



No quorum being present, the Board adjourned to meet on Monday, January 28. 



Washington, January 28, 1867. 



A meeting of the Board of Regents was held at 8 p. m., in the laboratory of 

 the Institution. 



Present: Chief Justice Chase, Chancellor of the Institution; Hon. Garret 

 Davis, Hon. J. W. Patterson, Hon. J. A. Garfield, General Richard Dela- 

 field, Professor Louis Agassiz, Hon. Richard Wallach, Mr. William B. Astoiv 

 and the Secretary, Professor Henry. 



The Chancellor took the chair. 



Professor Henry presented a general statement of the operations of the In- 

 stitution during the year, and of the present condition of the funds. 



He also stated that, on account of the advanced state of the session of Con- 

 gress at the time of the passage of the resolution by the Board directing a me- 

 morial to be presented in regard to increasing the amount of the Smithsonian 

 capital in the treasury of the United States, and also on account of the appre- 

 hension that a larger sum would be required for the completion of the building 

 than was at first expected, he had deferred action until the present session of 

 the Regents, when further instructions could be given in regard to the matter. 



After remarks by the Chancellor and other members of the Board relative to 

 the desirableness of increasing the amount in the treasury as the best means of 

 permanently securing the capital of the Institution, and of exhibiting to the 

 world the care and judgment with which the finances have been managed, 



On motion of Mr. Wallach, the following resolution was adopted : 



Resolved, That a committee of three be appointed to present a memorial to 

 Congress in behalf of the Board of Regents, requesting the passage of an act 

 authorizing the Treasurer of the United States to receive into the treasury, on 

 the same terms as the original bequest, the residuary legacy of James Smith- 

 son, now in United States bonds in the hands of said Treasurer, namely, 

 %2b,210 63, together with such other sums as the Regents may from time to- 



300 



