8 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1921. 



Institute Investigations in the fauna of other countries under the direction of 

 said Institute. 



During the year the Institution received from the executors of 

 Mrs. Bacon's estate securities amounting to $45,000 on account of the 

 total $50,000. At the close of the year sufficient income from this 

 amount had not been received to enable the first scholarship to be 

 established, but it is planned to inaugurate the project during the 

 coming year. 



Miss Caroline Henry, daughter of Joseph Henry, first secretary of 

 the Institution, died November 10, 1920. Under the terms of her 

 will the Institution is named as the ultimate beneficiary, the entire 

 estate reverting to it after the death of the last life beneficiary, as a 

 memorial to her father and mother. Miss Henry also bequeathed to 

 the Institution the sum of $1,000 and certain articles of furniture; 

 to the National Museum a set of china presented to Joseph Henry 

 by the first Japanese minister; and to the National Gallery of Art 

 an oil portrait by Kneller. 



FINANCES. 



The investments of the Institution are as follows : 



Deposited in the Treasury of the United States under authority 

 of Congress $1, 000, 000 



CONSOLIDATED FUND. 



These securities are carried at cost and represent the investments 

 made by the Institution, or gifts transferred to the Institution by the 

 donors. The total of this fund now amounts to $157,562.05, namely: 



Province of Manitoba 5 per cent gold debentures, due in 1922 $2, 000 



West Shore Railroad Co. guaranteed 4 per cent first mortgage bonds, 



due in 2361 42,000 



Cleveland Electric Illuminating Co. first mortgage 5 per cent gold bonds, 



due in 1939 10,000 



Atchison, Topeka & Santa Fe Railroad Co. 4 per cent general mortgage 



bonds, due in 1995, gift 2,000 



Chesapeake & Ohio Railroad Co. 5 per cent first consolidated mortgage 



bonds, due in 1939, gift 2,000 



Baltimore & Ohio Railroad Co. 5 per cent refunding general mortgage 



bonds, due in 1995, gift 5, 000 



P. Lorillard Co. 7 per cent gold bonds, due in 1944, gift 6, 000 



Liggitt & Myers Tobacco Co. 7 per cent gold bonds, due iu 1944, gift 6,000 



City of Youngstown, Ohio, 6 per cent municipal bonds, clue in 1928 3,000 



Brooklyn Rapid Transit Co. 5 per cent secured gold notes, due in 1918 3, 500 



Northern Pacific — Great Northern joint convertible 6£ per cent gold 



bonds, due in 1936 41,500 



United States first Liberty loan 200 



United States second Liberty loan 100 



United States third Liberty loan 10, 150 



