REPORT OF THE EXECUTIVE COMMITTEE. 



The executive committee respectfully submit the following report iu relation 

 ;o the funds of the Institution, the receipts and expenditures for the year 1866, 

 with estimates for the year 1867. 



Statement of the fund. 

 The original amount received as the bequest of James Smithson deposited in the 



treasury of the United States as a trust fund, by act of Congress, approved 



August 10, 1846, section. 2 $515, 169 00 



The residuary legacy of James Smithson, received in 1865, 



invested in United States 7.30 bonds 26, 210 63 



Extra fund, derived from saving of interest, &c, invested in stock, 



viz : 

 United States 7.30 bonds 27, 939 37 



Par value Cost. Pre , sent Inter ^ 



value. unpaid. 



Indiana 5 p. cent. $75, 000 $63, 000 00 $69, 750 



Virginia 6 p. cent. 53,500 49,832 50 31,565 $17,655 



Tennessee 6 p. cent. 15,000 11,167 50 9,300 



Georgia 6 p. cent. 500 500 00 500 165 



Washington 6 p. cent. 100 100 00 100 



144,100 124,600 00 111,215 111,215 00 



Total productive and unproductive capital $680, 534 00 



Receipts and expenditures during the year 1866. 



RECEIPTS. 



Balance in hands of the Treasurer, January, 1866 $13, 7 IS 63 



Interest on the original bequest of Smithson, viz., 6 per cent, on 



$515,169 30, 910 14 



Interest on Indiana stock, viz., 5 per cent, on $75, 000 3, 750 00 



Interest on Tennessee stock, viz., 6 per cent, on $15,000 900 00 



Premium for sale of coin, &c ... 40, 691 26 



Interest on temporary deposit with United States Treasurer 3 SO 82 



Proceeds of sale of $600, coupons, for interest due on Tennessee 



stock , 402 00 



Total funds available for the year 1866 • 90, 752 85 



EXPENDITURES. 



For building and furniture $36. 428 06 



" general expenses 11. 577 24 



" publications and researches 13, 109 95 



*' library, museum, and literary exchanges 6, 745 77 



67, S61 62 



Balance in hands of the Treasurer, January, 1867' $22, S91 23 



537 ===■ 



