Report of the Executive Committee of the 
Board of Regents of the Smithsonian 
Institution 
For the Year Ended June 30, 1959 
To the Board of Regents of the Smithsonian Institution: 
Your executive committee respectfully submits the following re- 
port in relation to the funds of the Smithsonian Institution, together 
with a statement of the appropriations by Congress for the Govern- 
ment bureaus in the administrative charge of the Institution. 
SMITHSONIAN INSTITUTION 
PARENT FUND 
The original bequest of James Smithson was £104,960 8s 6d-— 
$508,318.46. Refunds of money expended in prosecution of the claim, 
freight, insurance, and other incidental expenses, together with pay- 
ment into the fund of the sum of £5,015, which had been withheld 
during the lifetime of Madame de Ja Batut, brought the fund to the 
amount of $550,000. 
The gift of James Smithson was “lent to the United States Treas- 
ury, at 6 per centum per annum interest” (20 USC. 54) and by the Act 
of March 12, 1894 (20 USC. 55) the Secretary of the Treasury was 
“authorized to receive into the Treasury, on the same terms as the 
original bequest of James Smithson, such sums as the Regents may, 
from time to time see fit to deposit, not exceeding, with the original 
bequest the sum of $1,000,000.” 
The maximum of $1,000,000 which the Smithsonian Institution was 
authorized to deposit in the Treasury of the United States was 
reached on January 11, 1917, by the deposit of $2,000. 
Under the above authority the amounts shown below are deposited 
in the United States Treasury and draw 6 percent interest: 
Unrestricted funds Income 
James! (Smithson sets 2 ee Fe ee Re eee $727, 640 $48, 658. 40 
PAY CTV ete eee ee ee Ln be VO oe Bh ee Oe eas LE 14, 000 840. 00 
abel) yosie he Se ee SAS Re Li ae EL A Pee 500 30. 00 
EF STE Or a a ee ES eS Ey SE ee ae ae ey 2, 500 150. 00 
Eodsking: t(general)) cesses a oe ee Ve ae 116, 000 6, 960. 00 
POOL yr a a cae te ee 2 ee Be Ae 26, 670 1, 600. 20 
IER EY Gi ae ae ye ew Be Oe 590 35. 40 
SEES OW thay 0 UN a A a a Ee kg aes Nar testa A a 1, 100 66. 00 
otal (22202 ee en ee ee eee 889,000 53,340.00 
