8 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1907. 
FINANCES. 
The permanent fund of the Institution and the sources from which 
it was derived are as follows: 
Deposited in the Treasury of the United States. 
Bequestzotasmithson wel S46 S225 52 eae ee $515, 169. 00 
ResiduaryelesacyeOr Smithson SOs ee 26, 210. 63 
LD SPOS Tee LOTNES a VAT SS) O feel 0 CO TIT Cyl Sam 108, 620. 37 
Bequestof shames mElam il tomy 1 Sie eee $1, 000. 00 
Accumulated interest on Hamilton fund, 1895__________ 1, 000. 00 
2, 000. 00 
iBequestrot simeon rrabel, ASS eee eee eee ee 500. 00 
Deposit from proceeds of sale of bonds, 1881/_--_____-_____________ 51, 500. 00 
Ghite wie Waves! (Ey eokes ohne, Wel a ee 200, 000. 00 
Part of residuary legacy of Thomas G. Hodgkins, AOA SEE hare oT 8, 000. 00 
WEPOSIEGETOM IE SAVAN SiO ty stIN COTTE yl (sy meee ee 25, 000. 00 
Residuary, legacy, of Lhomas GG. Hodgkins’ 222s sss 7, 918. 69 
Total amount of fund in the United States Treasury__-_-- 944, 918. 69 
Held at the Smithsonian Institution. 
Registered and guaranteed bonds of the West Shore Railroad Com- 
pany (par value), part of legacy of Thomas G, Hodgkins_______ 42, 000. 00 
Totalepermanent! find == 2. = eh ee eee ee ee 986, 918. 69 
The balance of the residuary legacy of the late Thomas G. Hodg- 
kins, exclusive of accumulated interest, consisted of United States 
registered 4 per cent bonds of the par value of $7,850 maturing 
July 1, 1907. These bonds were sold by order of the Board of Re- 
gents, and the gross proceeds aggregating $7,918.69 were deposited in 
the Treasury of the United States to the credit of the permanent 
fund. 
That part of the fund deposited in the Treasury of the United 
States bears interest at 6 per cent per annum, under the provisions of 
the act organizing the Institution and an act of Congress approved 
March 12, 1894. The rate of interest on the West Shore Railroad 
bonds is 4 per cent per annum. 
The income of the Institution during the year, amounting to 
$64,444.41, was derived as follows: Interest on the permanent fund, 
$57,900; proceeds from claims in litigation, $1,292.56; interest of 
Hodgkins residuary fund, $235.50, and miscellaneous sources, 
$5,016.85; all of which was deposited in the Treasury of the United 
States to the credit of the current account of the Institution. 
With the balance of $10,184.13, on July 1, 1906, the total resources 
for the fiscal year amounted to $74,628.54. The disbursements, which 
are given in detail in the annual report of the executive committee, 
amounted to $49,936.53, leaving a balance of $24,692.01. Of this 
