REPORT OF THE EXECUTIVE COMMITTEE. 



Washington, January 14, 1869. 

 The Executive Committee of the Smithsonian Institution respectfully submits 

 the following statements in relation to its invested capital, the receipts and 

 expenditures during the year 1868, and an estimate of receipts and proposed 

 appropriations for 1869 : 



CAPITAL INVESTED. 



The Smithson fund in the Treasury of the United States on the 

 1st of January, 1869, remains as stated in the last annual 

 report $650, 000 00 



And in Virginia State 6 per cent, bonds $53, 500 



With coupon bonds issued for unpaid interest to Jan- 

 uary, 1867 19, 260 



72, 760 



The value of which at the present time may be estimated at 55 per 



cent, on the par value 40, 018 00 



Total invested capital 690, 018 00 



RECEIPTS in 1868. 



Interest from the Treasurer of the United States on $650, 000 



at 6 per cent, for the year ending 31st December $39, 000 00 



Premium on sale of gold 14, 527 50 



Interest on Virginia 6s, old bonds, 2 per cent, on $53,500 for the 



first six months of 1868, less brokerage 1, 067 33 



From sales of publications 385 52 



From sales of old and useless material 188 8S 



Repayment of expenses of explorations from parties co-operating 



with the Institution 698 54 



Repayment for freights incurred on account of parties sending 



books to foreign libraries 100 00 



Cash balance in bank, January, 1868 11, 485 56 



Amount available for 1868 67, 453 33 



In addition to this amount the Institution received from, and accounted for, to the 

 Department of the Interior, the sum of $5,116 31, appropriated by Congress for 

 the preservation and care of the property in the museum collected by govern- 

 ment exploring expeditions. Of this sum $4,000 was the appropriation for the 

 year 1868-69, and $1,116 31 the balance of the previous year's appropriation. 



The State of Virginia paid during the year 2 per cent, on its old bonded 

 debt for the first six months, leaving 1 per cent, still duo for that period, 

 claimed to be payable by Western Virginia, as a just proportion of the original 

 State debt. On its new bonds, issued for coupon interest past due, nothing has 

 been paid. The State proposes to sell its interest in certain canals, rail and 

 other roads, to liquidate this and other indebtedness, and favorable results may 

 for the future be anticipated from this investment. 



x PAP 



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