PROCEEDINGS OF THE REGENTS 145 
and has generously made a grant of $55,000 to Doctor Abbot for the purpose 
of installing such a station. Doctor Abbot recently sailed for Europe and 
Africa for the purpose of selecting the best possible site for the new station. 
Freer sinking fund.—This fund, as has been explained, was established for 
the purpose of safeguarding the principal and income of the Freer Founda- 
tion. Under the plan of reinvesting a certain excess of the income, the fund 
has now reached the sum of $262,347.50. 
Consolidated fund.—This fund consists of bequests, gifts, and interest earn- 
ings, in excess of the $1,000,000 authorized by law to be deposited in the United 
States Treasury at 6 per cent interest. It now amounts to $218,186.50. 
Increase of endowment.—Under the authority of the board, the permanent 
committee has inaugurated a movement for increasing the endowment of the 
Institution. 
ANNUAL REPORT OF THE SECRETARY 
In presenting his printed annual report to June 30, 1925, the 
secretary said that since the last annual meeting of the board, 132 
publications have been issued, 67 of these by the Institution proper, 
62 by the National Museum, and 3 by the Bureau of American Eth- 
nology. During the fiscal year 1925 the Institution distributed 171,- 
865 copies of its publications. 'Two papers by your secretary have 
summarized several seasons’ work on certain of the life forms of the 
Cambrian and Lower Ozarkian rocks of the Canadian Rockies; 
three papers by Assistant Secretary Abbot and his associates, pre- 
senting a résumé of 20 years’ work on the sun’s radiation and the 
present status of the investigation on the relation of solar radiation 
to weather, have attracted wide and favorable attention from meteor- 
ologists throughout the world; a paper by Doctor Cushman on the 
foraminifera, which are minute fossil forms now used in locating 
and defining oil strata, has been in constant demand by the oil com- 
panies and by universities for training the much needed young oil 
geologists. 
It was stated in the 1924 report that an effort would be made to 
issue two Smithsonian annual reports in order to bring them up to 
date. This was accomplished, the reports for 1923 and 1924 having 
both appeared, and the manuscript for the 1925 volume is now ready 
to go to the printer. 
The National Museum issued the usual number of proceedings, 
papers, and several bulletins, including the monographic work on 
the Spider Crabs of America, by Mary J. Rathbun, and another 
of the popular series on Life Histories of North American Birds, 
by A. C. Bent. The outstanding publication by the Bureau of 
American Ethnology was the Handbook of the Indians of California, 
by Kroeber, for which there is an increasing demand. 
ANNUAL REPORT OF THE NATIONAL GALLERY OF ART COMMISSION 
The fifth annual meeting of the commission was held December 8, 1925. 
The report of the secretary of the commission for the calendar year 1925 
