es ANNUAL REPORT SMITHSONIAN INSTITUTION, 1946 
to provide for the reprinting of his papers on physical anthropology, 
was declined as being impracticable because of the inadequacy of the 
funds provided. 
On December 20, 1938, Miss Annie-May Hegeman advised the In- 
stitution that, as a memorial to her father, Henry Kirke Porter, she 
had tendered to the Library of Congress Trust Fund Board convey- 
ance of the property owned by her at the corner of Sixteenth and I 
Streets NW., in Washington, as a gift, under agreement that when 
the property was sold, the Library of Congress Trust Fund Board 
should pay one-half of the net proceeds of such sale to the Smithsonian 
Institution, to be invested, and the income thereof to be applied to the 
general purposes of the Institution, the gift to be recorded as “The 
Henry Kirke Porter Memorial Fund.” The Secretary reported that 
the property had just been sold at a price of $600,000; under the terms 
of the gift the Institution will receive one-half of the net proceeds. 
At the last meeting the Board authorized the executive committee to 
have a survey made of the business methods and practices now in effect 
in the Institution to determine whether changes or improvements were 
required. The committee directed the Secretary on their behalf to 
enter into contract with the firm of Peat, Marwick, Mitchell & Co., who 
specialize in such work. This firm has rendered a comprehensive re- 
port covering organization and personnel, business methods, and ac- 
counting procedures, from which the Secretary gave the following 
quotation : 
“Our conclusions in summary are that the administrative organiza- 
tion is set up along simple and effective lines, the personnel is of high 
caliber, conscientious and efficient for the particular requirements of 
the Institution, the business methods on the whole are very good, and 
the accounting system is essentially sound in principle. We have sug- 
gestions to offer for some changes toward improvements which we be- 
lieve to be possible. These are given in the course of our comments 
in more detail upon the various topics falling within this area.” 
In a special statement, Dr. Wetmore outlined to the Board recent 
activities carried on by all branches of the Institution. 
FINANCES 
A statement on finances will be found in the report of the executive 
committee of the Board of Regents, page 129. 
SMITHSONIAN CENTENNIAL 
The year 1946 marks the one-hundredth year since the founding of 
the Institution. Strictly speaking, this report covers only the fiscal 
year ended June 30, 1946, but as the actual anniversary of the estab- 
