EEPORT OF THE EXECUTIVE COMMITTEE. 579 



Statement of the receipts and expenditures during 1875 : 



RECEIPTS 



Interest on $650,000 from the United States, 6 per cent., 

 gold $39, 000 00 



Premium on above June 30, 1875, at 116^ $3,107.81; and 

 January 1, 1876, at H2||, $2,474.07, (less commission) . . 5, 581 88 



Interest on Virginia bonds, coupons sold June 14 and De- 

 cember 31, 1875 4,750 11 



Dividend from First National Bank, 10 per cent.. May 5, 

 1875, $822.48; and 15 per cent., December 27, 1875, 

 $1,233.73 2, 056 21 



Amount 51, 388 20 



EXPENDITURES. 



Total expenditure from the Smithson income in 1875 46, 809 98 



Balance unexpended of the annual income, which is in- 

 cluded in the cash balance in the Treasury, ($20,555.82) . . 4, 578 22 



HAMILTON BEQUEST. 



By the will of the late James Hamilton, of Carlisle, Pa., the sum 

 of one thousand dollars was left to the Institution, the interest of 

 which was to be expended biennially for the advance of knowledge. 

 This bequest was received on the 24th of February, 1874, from the ex- 

 ecutors of Mr. Hamilton, and to secure its safe investment the money 

 was immediately deposited by Professor Henry in the Treasury of the 

 United States, (see Smithsonian Eeport for 1873, page 159,) on the same 

 terms as the original bequest of Smithson, in accordance with the act 

 of Congress of February 8, 1867, which authorizes the increase of the 

 permanent fund to a sum not exceeding one million dollars. 



The following is a statement of the interest received on the Hamilton 

 bequest, which will be appropriated in accordance with the terms of the 

 will: 



Interest on $1,000 from February 24, 1874, to December 31, 



1874 $50 88 



Interest from January 1, 1875, to December 31, 1875, 6 

 per cent, in coin $60 00 



Premium at 112}§, less commission 7 61 



67 61 



118 49 



