REPORT OF THE SECRETARY. 3 
mated to be about $40,000, is bequeathed under the condition that 
the income from this sum should be added to the principal until a 
total of $250,000 should have been reached, and that then the income 
only should be used for the purposes for which the Institution was 
created. The fund will be known as the Lucy T. and George W. 
Poore fund. The closing words of this item of the will read as 
follows: 
I make this gift not so much because of its amount as because I hope it will 
prove an example for other Americans to follow, by supporting and encouraging 
so wise and beneficent an institution as I believe the Smithsonian Institute to 
be, and yet it has been neglected and overlooked by American citizens. 
ADMINISTRATION. 
On account of the large increase in the administrative work of the 
Institution and its branches, brought about by the natural growth of 
their activities and the addition of new interests, it appeared ad- 
visable to appoint an additional Assistant Secretary, to have imme- 
diate charge of the Library and International Exchanges. With the 
approval of the Regents, I appointed to that position Dr. Frederick 
William True, who entered the service of the Institution in 1878 and 
for several years had been head curator of biology in the United 
States National Museum. Dr. True entered upon the active duties 
of his office on June 1, 1911. 
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. 
ECU eSt Olas mNGn SOM G4 G secant sow Se SE eee $515, 169. 00 
Residianyalesacy Ob Smithson SGie = ses = ee ee ee 26, 210. 65 
DEHOSiteerom! Savines-OL mCcomMe WSO —— =o = eae ae 108, 620. 37 
BequestioL James Hamilton, l8iis=-— 22s eee $1, 000. 00 
Accumulated interest on Hamilton fund, 1895_______--_ 1, 000. 00 
a 2, 000. 00 
Bequest. of Simeony Habel GlSS0 sas = see ee a 500. 00 
Deposit from proceeds of sale of bonds, 1881___--________________ 51, 500. 00 
CitOLepRoOmMassGwiaOd Slain Sachs Olle sn see ne SS Le ed ee 200, 000. 00 
Part of residuary legacy of Thomas G. Hodgkins, 1894____________ 8, 000. 00 
Deposit tromisavines of income; 190322 sees eS ee eS 25, 000. 00 
Residuary legacy, om Loomas! Go Hodgkins 2326 esses ee ee 7, 918. 69 
Total amount of fund in the United States Treasury___----- 944, 918. 69 
Registered and guaranteed bonds of the West Shore R. R. Co. (par 
value). part of legacy of Thomas G: Hodgkins: ——-—--<_ 7s 42, 000. 00 
MotalepermanenichuMd ese os eee ee ee 986, 918. 69 
