388 JOURNAL OF PROCEEDINGS. 



priations from Congress, find the whole in accordance with the statement 

 in the diagram submitted by the Secretary, there being a balance now 

 on hand in the First National Bank of $17,811.36. At the next meeting 

 the committee will present a detailed statement of all the accounts, with 

 estimates of the receipts and appropriations for the year 1873." 



The Secretary presented the following statement relative to the inter- 

 est on the Virginia stock held by the Institution, as furnished by Eiggs 

 &Co.: 



1870. Jan. 16. 2 per cent, interest on $53,500, less $5.35 $1,084 65 



1872. June 21. £ of $1,761 coupons, $1,174, less I, $4.40 1,169 60 



Aug. 2. f of $1,761 coupons, $1,174, less J and tax, $77.77 . . 1,096 23 



$3,330 48 



1871. Dec. 23. To I per cent, commission on funding, $88,125 20 ... . $220 31 



1872. Jan. 12. To £ per cent, commission on $58,700, conversion of 



registered to coupon bonds — 73 37 



June 21. To express charge on $58,700, bonds sent to Richmond 



for affixing State seal, inadvertently omitted 29 20 



Aug. 2. To express on $1,761 coupons to Richmond 120 



Aug. 2. To express on $1,761 coupons to Richmond 150 



325 58 



1872. Nov. 9. Balance paid by Riggs & Co. to the Institution 3,004 90 



This communication was referred to the Executive Committee. 



The subject of the deposit of the articles of fine art belonging to the 

 Institution in the Corcoran Art Gallery was presented by the Secretary; 

 and, on motion of General Garfield, it was 



Resolved, That the Executive Committee and the Secretary report as 

 to the character and organization of the Corcoran Art Gallery, and the 

 plan to be adopted by the Smithsonian Institution in co-operating with 

 that establishment and in depositing articles with it. 



Dr. Maclean presented a statement relative to the claim for the por- 

 trait of Washington, and stated that a report would be presented on the 

 subject by the Executive Committee at the next meeting. 



The Secretary presented the part of his annual report of the operations 

 of the Institution during 1872 relative to original researches, viz : the 

 planet Uranus; the tides; altitudes of over 16,000 different places in 

 the United States; isothermal map; rain tables; winds and under- 

 ground temperatures. 



On motion, the Board adjourned to meet on Monday, January 20, at 

 7 o'clock p. m. 



Monday, January 20, 1873. 

 A meeting of the Board was held this day at 7 o'clock p. m. 

 Present : The Chancellor Chief Justice Chase, Hon. H. Hamlin, Hon. 

 J W. Stevenson, Hon. L. Trumbull. Hon. J. A. Garfield, Hon. L. P. 



