REPORT OF THE SECRETARY. 6 



mated to be about $40,000, is bequeathed under the condition that 

 the income from this sum should be added to the principal until a 

 total of $250,000 should have been reached, and that then the income 

 only should be used for the purposes for which the Institution was 

 created. The fund will be known as the Lucy T. and George W. 

 Poore fund. The closing words of this item of the will read as 

 follows : 



I make this gift not so much because of its amount as because I hope it will 

 prove an example for other Americans to follow, by supporting and encouraging 

 so wise and beueficent an institution as I believe the Smithsonian Institute to 

 be, and yet it has been neglected and overlooked by American citizens. 



ADMINISTRATION. 



On account of the large increase in the administrative work of the 

 Institution and its branches, brought about by the natural growth of 

 their activities and the addition of new interests, it appeared ad- 

 visable to appoint an additional Assistant Secretary, to have imme- 

 diate charge of the Library and International Exchanges. With the 

 approval of the Regents, I appointed to that position Dr. Frederick 

 William True, who entered the service of the Institution in 1878 and 

 for several years had been head curator of biology in the United 

 States National Museum. Dr. True entered upon the active duties 

 of his office on June 1, 1911. 



FINANCES. 



The permanent fund of the Institution and the sources from which 

 it was derived are as follows: 



Deposited in the Treasury of the United States. 



Bequest of Smithson, 1846 $515, 169. 00 



Residuary legacy of Smithson, 1867 26, 210. 63 



Deposit from savings of income, 1867 108, 620. 37 



Bequest of James Hamilton, 1875 $1, 000. 00 



Accumulated interest on Hamilton fund, 1895 1, 000. 00 



2, 000. 00 



Bequest of Simeon Habel, 1880 500. 00 



Deposit from proceeds of sale of bonds, 1881 51, 500. 00 



Gift of Thomas G. Hodgkins, 1891 200, 000. 00 



Part of residuary legacy of Thomas G. Hodgkins, 1894 8, 000. 00 



Deposit from savings of income, 1903 25, 000. 00 



Residuary legacy of Thomas G. Hodgkins 7, 918. 69 



Total amount of fund in the United States Treasury 944, 918. 69 



Registered and guaranteed bonds of the West Shore R. R. Co. (par 



value), part of legacy of Thomas G. Hodgkins 42, 000. 00 



Total permanent fund 986, 918. 69 



