REPORT OF THE SECRETARY 5 
soul of prosperity of nations and the living source of all progress. What really 
leads us forward are a few scientific discoveries and their application.” It is 
the recognition of this fact and of the part which the Smithsonian is called 
upon to play in contributing to the prosperity of the nation which leads the 
Board of Regents to turn to the people of the country for an addition of 
$10,000,000 to the Institution’s endowment. 
A number of major expeditions in the interests of science went 
out during the year under Smithsonian direction, through funds 
provided by friends of the Institution for these special projects. 
There should be mentioned particularly the Smithsonian-Chrysler 
expedition to East Africa for the purpose of obtaining live wild ani- 
mals for the National Zoological Park; the National Geographic So- 
ciety Solar Radiation Expedition Cooperating with the Smithsonian 
Institution, to equip and maintain for a period of years a solar radia- 
tion station in the Eastern Hemisphere to cooperate with the two now 
operated by the Smithsonian; Dr. AleS Hrdlitka’s anthropological 
expedition to southern Asia, Java, Australia, and South Africa, 
which covered over 50,000 miles, under the joint auspices of the Insti- 
tution and the Buffalo Society of Natural Sciences; and the first 
award of the Smithsonian’s Walter Rathbone Bacon Traveling Schol- 
arship, under which Dr. Waldo L. Schmitt, of the National Museum, 
conducted an extensive survey of the crustacean fauna of South 
America. All of these expeditions are briefly described elsewhere 
in this report. 
FINANCES 
The permanent investments of the Institution consist of the follow- 
ing: 
Deposited in the Treasury of the United States_______._________ $1, 000, 000. 00 
CONSOLIDATED FUND 
Miscellaneous securities, etc., either purchased or acquired by 
ott SCOSG Or. Value, at, date ,acguineg—. 2. 2=- =. 25 — 7 
Charles D. and Mary Vaux Walcott research fund, stock (gift) ; 
218, 186. 50 
11, 520. 00 
The sums invested for each specific fund or securities, etc., acquired 
by gift are described as follows: 
2 United G@onsolie Walcott 
Fund ee tae Y dated fund peneeren Total 
PROUIEVETTEN es opens ns oe ee ee $14, 000. 00 | $34, 690.87 |...._____-_- $48, 690. 87 
WAteinig Purdy Bacon Tul. 2- sone acer een eee 62s DVDs OO RS. eto cd b 62, 272. 93 
TARY es ulran perat sks EE eed A OE 2 Oe PS2S/OO Cas art. eH 1, 528. 09 
Chamberlain fusd sett og Tp be tS el tite ee 90;(000:,00)| 2 ne ta 35, 000. 00 
PPR DEMIR se ee oe siege sgl ne Oe EO OD io) ae carey co ee Na 500. 00 
LS LENCE TE i ST SIS (ETH (6 Ce a ae ae eee Na 2, 500. 00 DOO DO eae cee =o 3, 000. 60 
ATONE TELGE EL VRieIET atone en Pe A ene et nr nn 6 oe i Be L, QBghasry ee ese 1, 223. 33 
