REPORTS OF THE EXECUTIVE COMMITTEE. 521 



LIBRARY, MUSEUM, AND GALLERY OF ART. 



Library — Cost of books and binding <g2 500 00 



Pay of assistants in library 1 200 00 



Transportation and exchange for library 500 00 



Incidentals 50 00 



Museum— Salary 2,000 00 



Assistants and labor 1 000 00 



Transportation 550 00 



Incidentals 1^00 00 



Explorations 400 00 



Gallery of art 300 00 



$9,500 00 

 $38,000 00 



The committee have carefully examined all the books and accounts of the Institu- 

 tion for the past year, and find them to be correct. 

 Respectfully submitted, 



J. A. PEARCE, ) 



A. D. BACHE, I Executive Committee. 



JOS. G. TOTTENj 



Report of the Executive Committee for the year 1861. 



The Executive Committee respectfully submit to the Board of Regents the following 

 report of the receipts and expenditures of the Smithsonian Institution durino- the 

 year 1861, with general estimates for the year 1862 : 



RECEIPTS. 



The whole amount of Smithson's bequest deposited in the Treasury of 

 the United States is $515,169, from which an annual income, at 6*per 



cent., is derived, of $30,910 14 



The extra fund of unexpended income is invested as follows, viz : 



In $75,000 Indiana 5 per cent, bonds, yielding $3,750 00 



In $53,500 Virginia 6 per cent, bonds, yielding nothing during 1861. 



In $12,000 Tennessee 6 per cent, bonds, yielding nothing during 1861. 



In $500 Georgia 6 per cent., yielding nothing during 1861. 



In $100 Washington 6 per cent., will be paid, but not collected in 1861. 



Total income 34,660 14 



Balance in the hands of the Treasurer, January 11, 1861 16,521 95- 



Total receipts $51,182 09- 



EXPENDITURES. 



For building, furniture, and fixtures $1,734 62 



For general expenses 10,899 69 



For publications, researches, and lectures 10,764 96 



For library, museum, and gallery of art 5,737 65 



Total expenditure 29,136 92 



Balance in the hands of the Treasurer January 9, 1862 $22,045 17 



Statement in detail of the expenditures during 1861. 

 BUILDING, FURNITURE, AND FIXTURES. 



Building incidentals 906 19 



Furniture and fixtures in general 177 26 



Furniture and fixtures for museum 651 17 



$1,734 62 



