482 REPOKTS OF THE EXECUTIVE COMMITTEE. 



in the erection of a building, and in defraying the current expenses of the Institu- 

 tion. 



During the last two years and four months, in which the Institution has been 

 under the charge of the Kegents, there has been expended towards attendance of the 

 Eegents, and incidental and miscellaneous expenses, the erection of the building, 

 improvement of grounds, salaries of officers, the sum of $106,520.19, as will be seen 

 in the following exhibits, viz : 



Construction of buildings, including superintendence $51,678 48 



Expenses of architect's office, travelling expenses, stationery, draughts- 

 man, &c 1,213 00 



Laying corner stone 21 00 



Examination of quarries and specimen walls . 74 00 



Improvement of grounds 1,200 88 



Publication of " Hints on Public Architecture" 1,147 25 



Occultations and researches 525 00 



Philosophical and chemical apparatus 332 70 



Public lectures 80 00 



Publication of Contributions to Knowledge 3,709 34 



Library and salary of Librarian 1,741 38 



Pay of messenger 388 13 



Eecording and copying for Board of Eegents, Executive Com- 

 mittee, &c $116 54 



Ditto, for Secretary 232 00 



348 54 



Incidental expenses 533 10 



Ditto, for Secretary, including office rent 177 65 



710 75- 



Expenses of Board of Eegents and committees ^ 966 90 



Expenses of Secretary, consequent upon the delivery of lectures at 

 Princeton, and expenses to New York and Philadelphia on busi- 

 ness of the Board 280 50 



[N. B. — The proceeds of the Lectures at Princeton, $1,000, have been 

 paid by the Secretary.] 



House rent of Secretary for two years 550 00 



Payments to Secretary on account of salary 3,824 31 



68,880 17 

 Disbursements as exhibited by previous reports 37,670 02: 



$106,550 19 



During the same time, there has been received from interest and the sale 



of Treasury notes, the sum of $115,964 60 



From the Secretary's lectures at Princeton 1,000 00 



116,964 60 



Leaving a balance on hand of 10,444 41 



Funds of the Institution. 



Amount of Smithson's bequest $515,169 00 



Interest due thereon to 1st July, 1846 242,129 00 



$757,298 00 



Balance on hand 1st January, 1849 10,444 21 



Treasury notes on hand 226,000 00 



Permanent fund 515,169 00 



751,613 41 



If to this we add the premium of 8 per cent., which Treasury notes now 



bear, say 18,000 00- 



The funds of the Institution will be $773,613 21 



Thus showing, that after an expenditure of $106,550.19, the cash on hand and the- 

 value of the cash investments, exceed the amount on hand on the organization of 



