PROCEEDINGS OF THE BOARD OF REGENTS. XIX 
AUTHORITY FOR THE SECRETARY TO INDORSE CHECKS, ETC. 
The Secretary said that the Comptroller of the Treasury had infor- 
mally called the attention of the accountant of the Institution to the 
fact that there was no specific authority of the Board of Regents on 
file in the Treasury Department empowering the Secretary of the 
Smithsonian Institution to receipt for moneys and to indorse war- 
rants and checks in the name of the Institution for moneys due. He 
would suggest, therefore, the following form of resolution, which if 
adopted, would be acceptable to the Comptroller: 
Resolved, That the Secretary of the Smithsonian Institution be, and he is 
hereby, authorized to receive and give receipt for all moneys due and payable 
to this Institution from any source whatsoever, and to indorse warrants and 
checks in its name and on its behalf. 
The Secretary stated that for the past sixty years this had been 
done, but the present Comptroller in looking over the business meth- 
ods of his office noticed the lack of such specific authority, and asked 
that it be furnished. 
On motion, the resolution was adopted. 
ACCOUNTS TO BE AUDITED SEMIANNUALLY. 
The Secretary said that at the meeting of the Board of Regents 
held February 22, 1867, the following resolution was adopted: 
Resolved, That the Executive Committee make a quarterly examination of the 
books and accounts of the Institution, and, as usual, an annual report to the 
Board of Regents. 
This had been followed somewhat irregularly; at times there 
would be an audit four times a year, and again twice a year. At 
present there was a trained auditor employed to examine the ac- 
counts, and his report for the last six months of the year 1906 had 
been received. It was the practice in the Carnegie Institution to have 
but one audit a year, and in most of the large financial organizations 
two had been found sufficient. 
Mr. Henderson said that two audits a year would certainly be 
enough, and submitted the following resolution, which was adopted : 
Resolved, That hereafter the accounts of the Institution shall be audited 
semiannually under the direction of the Executive Committee. 
FEE FOR ARCHITECTS. 
The Chancellor read the following letter and inclosure from 
Mr. Bernard R. Green: 
BUILDING FOR THE NATIONAL MUSEUM, 
BERNARD R. GREEN, SUPERINTENDENT OF CONSTRUCTION, 
LIBRARY OF CONGRESS, 
Washington, D. C., March 5, 1907. 
Sir: By the terms of the contract entered into May 18, 1903, with Hornblower 
& Marshall as architects for the new National Museum building, their com- 
pensation was fixed at 33 per cent on the “cost of the construction of the 
