PROCEEDINGS OF THE BOARD OF REGENTS. XV 
probable that the Institution will not derive any actual income from 
these estates for some years to come. 
The chairman then submitted the following resolution, which was 
adopted: 
Resolved, That the Secretary be, and he is hereby, authorized, in his discre- 
tion, to sell before maturity, or to present for redemption and collect when 
due, the United States 4 per cent bonds, of the nominal value of $7,850, derived 
from the estate of the late Thomas G. Hodgkins; and he is empowered and 
directed to deposit the proceeds therefrom in the Treasury of the United 
States, to be held under the terms of section 5591 of the Revised Statutes, as 
an addition to and a part of the permanent fund of the Institution. 
THE FREER ART COLLECTION. 
With reference to the action of the Board, at their annual meet- 
ing of January 24, 1906, in accepting the tender of Mr. Charles L. 
Freer to make present conveyance to the Institution of the title to 
his art collection, and to bequeath to the Institution the sum of 
$500,000, for the construction of a building in which to house it, 
under the terms of his offer dated December 15, 1905, the Acting 
Secretary stated that on May 5, 1906, a document embracing these 
provisions was formally executed by Mr. Freer and delivered into 
the custody of the Institution. 
ELECTION TO THE EXECUTIVE COMMITTEE. 
The vacancy on the executive committee caused by the death of 
Representative Robert R. Hitt was filled by the election of Repre- 
sentative John Dalzell. 
MEDALS AND TOKENS OF THE LATE SECRETARY LANGLEY. 
The following resolutions having reference to the donation by 
the heirs of Mr. Langley, announced at the meeting of May 16, 1906, 
were adopted: 
Resolved, That the thanks of the Board of Regents of the Smithsonian In- 
stitution be tendered to Prof. John W. Langley, Mrs. Annie W. Ciocea, Mrs. 
Julia H. Goodrich, and Mr. Pierpont Langley Stackpole for the gift of the 
medals, scientific tokens, and early scientific apparatus of Samuel Pierpont 
Langley, Secretary of the Institution from 1887 to 1906. 
Resolved, That the Board expresses its deep appreciation at securing for 
the Institution possession of this memorial of its late distinguished Secretary. 
DONATION OF LEPIDOPTERA BY MR. WILLIAM SCHAUS. 
The Acting Secretary announced the presentation to the National 
Museum, during the previous year, by Mr. William Schaus, of New 
York, of his exceptionally valuable collection of Lepidoptera from 
tropical North and South America, numbering over 75,000 specimens 
