REPORT OF THE EXECUTIVE COMMITTEE. 



Washington, D. C, February 1, 1870. 

 The Executive Committee of the Smithsonian Institution respectfully 

 submits the following statement of the financial condition of Smithson's 

 trust fund, and the application of the income for the year ending 31st 

 December, 18G9, with estimates of receipts and proposed appropriations 

 for 1870: 



The bequest of Smithson in the United States treasury is . . $541, 379 G3 

 The Eegents have added to this investment from savings, 



&c 108, 620 37 



Making the Smithson fund in the U. S. Treasury, as a per- 

 petual loan, at G per cent., on the 1st January, 1870 G50, 000 00 



And in Virginia State G per cent, registered stock. $53, 500 

 With unpaid interest to January, 18G7 19, 2G0 



$72, 7G0 

 The value of which, at the present time, may be estimated 

 at 58 per cent 42, 200 80 



Total invested capital G92, 200 80 



And a cash balance in bank of 20, 9G9 G5 



Thus making Smithson's Trust Fund, on the 1st January, 



1870 713,170 45 



RECEIPTS IN 1869. 



Interest from the Treasurer of the United States, on 

 $650,000, at 6 per cent., for the year ending 31st Decem- 

 ber, 1869 $39, 000 00 



Premium on sale of gold, at 34f and 19f per cent, premium . 10, 515 20 



Sales of publications 235 58 



Sales of old and useless material 232 07 



Repayment of expenses of explorations and collections. .. 7*2 15 



Repayment for freights on literary and scientific exchanges . 517 56 



Total income for the year 1869 51, 232 56 



Cash balance in bank, January, 1869 10, 352 74 



Amount available in 1869 $61, 585 30 



In addition to this sum, the Institution received from and accounted 

 for to the Department of the Interior the sum of $4,000, appropriated 

 by Congress for the preservation and care of the property in the mu- 

 seum, collected by Government exploring expeditions. 



548 



