﻿REPORT 
  OF 
  THE 
  SECRETARY 
  d 
  

  

  without 
  authority 
  to 
  administer 
  the 
  trust 
  directly, 
  and 
  therefore 
  

   constituted 
  an 
  " 
  establishment 
  " 
  whose 
  statutory 
  members 
  are 
  " 
  the 
  

   President, 
  the 
  Vice 
  President, 
  the 
  Chief 
  Justice, 
  and 
  the 
  heads 
  of 
  the 
  

   executive 
  departments." 
  

  

  THE 
  BOARD 
  OF 
  REGENTS 
  

  

  The 
  affairs 
  of 
  the 
  Institution 
  are 
  administered 
  by 
  a 
  Board 
  of 
  

   Regents 
  whose 
  membership 
  consists 
  of 
  " 
  the 
  Vice 
  President, 
  the 
  

   Chief 
  Justice, 
  three 
  members 
  of 
  the 
  Senate, 
  and 
  three 
  Members 
  of 
  

   the 
  House 
  of 
  Representatives, 
  together 
  with 
  six 
  other 
  persons 
  other 
  

   than 
  Members 
  of 
  Congress, 
  two 
  of 
  whom 
  shall 
  be 
  resident 
  in 
  the 
  

   city 
  of 
  Washington 
  and 
  the 
  other 
  four 
  shall 
  be 
  inhabitants 
  of 
  some 
  

   State, 
  but 
  no 
  two 
  of 
  them 
  the 
  same 
  State." 
  One 
  of 
  the 
  Regents 
  is 
  

   elected 
  chancellor 
  by 
  the 
  board; 
  in 
  the 
  past 
  the 
  selection 
  has 
  fallen 
  

   upon 
  the 
  Vice 
  President 
  or 
  the 
  Chief 
  Justice 
  ; 
  and 
  a 
  suitable 
  person 
  

   is 
  chosen 
  by 
  the 
  Regents 
  as 
  Secretary 
  of 
  the 
  Institution, 
  who 
  is 
  also 
  

   secretary 
  of 
  ^the 
  Board 
  of 
  Regents, 
  and 
  the 
  executive 
  officer 
  directly 
  

   in 
  charge 
  of 
  the 
  Institution's 
  activities. 
  

  

  The 
  only 
  change 
  occurring 
  in 
  the 
  personnel 
  of 
  the 
  board 
  during 
  

   the 
  year 
  was 
  the 
  termination 
  of 
  tlie 
  Vice 
  Presidency 
  of 
  General 
  

   Dawes, 
  and 
  the 
  succession 
  of 
  Charles 
  Curtis, 
  March 
  4, 
  1929. 
  

  

  The 
  roll 
  of 
  the 
  Regents 
  at 
  the 
  close 
  of 
  the 
  fiscal 
  year 
  was 
  as 
  fol- 
  

   lows: 
  William 
  H. 
  Taft, 
  Chief 
  Justice 
  of 
  the 
  United 
  States, 
  chan- 
  

   cellor; 
  Charles 
  Curtis, 
  Vice 
  President 
  of 
  the 
  United 
  States; 
  mem- 
  

   bers 
  from 
  the 
  Senate, 
  Reed 
  Smoot, 
  Joseph 
  T. 
  Robinson, 
  Claude 
  A. 
  

   Swanson; 
  members 
  from 
  the 
  House 
  of 
  Representatives, 
  Albert 
  John- 
  

   son, 
  R. 
  Walton 
  Moore, 
  Walter 
  H. 
  Newton;^ 
  citizen 
  members, 
  Robert 
  

   S. 
  Brookings, 
  Missouri 
  ; 
  Irwin 
  B. 
  Laughlin, 
  Pennsylvania 
  ; 
  Frederic 
  

   A. 
  Delano, 
  Washington, 
  D. 
  C. 
  ; 
  Dwight 
  W. 
  Morrow, 
  New 
  Jersey; 
  

   Charles 
  Evans 
  Hughes, 
  New 
  York; 
  and 
  John 
  C. 
  Merriam, 
  Wash- 
  

   ington, 
  D. 
  C. 
  

  

  FINANCES 
  

  

  The 
  permanent 
  investments 
  of 
  the 
  Institution 
  consist 
  of 
  the 
  fol- 
  

   lowing 
  : 
  

  

  Total 
  endowment 
  for 
  general 
  or 
  specific 
  purposes 
  (exclusive 
  of 
  

  

  Freer 
  funds) 
  $1^ 
  q^s, 
  389. 
  45 
  

  

  Itemized 
  as 
  follows 
  : 
  

   Deposited 
  in 
  the 
  Treasury 
  of 
  the 
  United 
  States, 
  as 
  provided 
  by 
  

   law 
  I 
  000, 
  000. 
  00 
  

  

  1 
  Resigned 
  June 
  30, 
  1929; 
  Hon. 
  Robert 
  Luce, 
  of 
  Massachusetts, 
  appointed 
  on 
  July 
  1. 
  

   1929, 
  to 
  succeed 
  liim. 
  

  

  82322—30 
  2 
  

  

  