REPORT OF THE EXECUTIVE COMMITTEE. 



The Executive Committee respectfully submit to the Board of Regents the 

 following report of the receipts and expenditures of the Smithsonian Institution 

 during the year 1865 : 



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: 



$75,000 in Indiana 5 per cent, bonds, yielding in 1865 3, 750 00 



$53,500 in Virginia 6 per cent, bonds, yielding in 1865 



$12,000 in Tennessee 6 per cent, bonds, yielding in 1865 



$500 in Georgia 6 per cent, bonds, yielding in 1865 



$100 in Washington 6 per cent, bonds, yielding in 1865 $6, (but 

 not collected.) 



Premium for sale of coin received as interest from the United 



States 20, 333 79 



Interest on temporary deposits with the United States Treasurer. 478 36 



Total receipts during 1865 55, 472 29 



Balance in hands of the treasurer January, 1865 29, 484 OS 



84,956 37 



EXPENDITURES. 



For building and furniture $39, 121 77 



For general expenses 14, ] 49 82 



For publications and researches 9, 528 03 



For library, museum, and gallery of art 8,438 12 



71,237 74 



Balance in the hands of the treasurer January, 1S66 13, 718 63 



STATEMENT IN DETAIL OF THE EXPENDITURES DURING 1865. 



Building: 



Reconstruction and incidentals $37, 930 71 



Furniture and fixtures 1, 191 06 



$39, 121 77 



General expenses : 



Meetings of the board, (hack-hire, &c.) 123 64 



Lighting and heating 1, 207 95 



Postage 568 61 



Transportation, general, (freights) 1, 0S4 13 



Exchanges, (books sent and received to institu- 

 tions, expenses of agents, &c.) — 1, 453 63 



533 



