REPORT OF THE SECRETARY. 5 



The management of the corporation is in the hands of a board of directors 

 composed of business and professional men, many of whom have had experience 

 in large industrial and mining enterprises. Among them are Dr. Charles D. 

 Walcott, Secretary of the Smithsonian Institution ; Charles Kirchhoff, recently 

 president of the American Society of Mining Engineers ; Arthur D. Little, presi- 

 dent of the American Chemical Society ; Hennen Jennings, of Washington ; Gen. 

 T. Coleman du Pont, of Wilmington ; James J. Storrow, Charles A. Stone, and 

 Prof. Elihu Thomson, of Boston ; Frederick A. Goetze, dean of the faculty of 

 applied science of Columbia University; Elon Huntington Hooker, president of 

 the Development and Funding Co. ; Thomas C. Meadows, vice president of the 

 International Agricultural Corporation, and Benjamin B. Lawrence and John 

 B. Pine, of New York. Lloyd N. Scott is the secretary and Linn Bradley the 

 engineer of the corporation. 



The Research Corporation invites correspondence with industrial concerns 

 who are interested in perfecting their operations. 



All communications should be addressed to " Research Corporation, No. 63 

 Wall Street, New York City." 



The Cottrell patents cover processes used in the precipitation of 

 solid particles from gases and smoke produced in smelters and cement 

 plants. Considerable injury has been suffered by orchards and crops 

 in the neighborhood of the great cement plants in California. The 

 Cottrell processes have met with success in removing the particles of 

 cement from the smoke and gases of such plants and particles of lead 

 and other metals from the smoke of smelters, as well as the abatement 

 of smoke nuisances in general. It is expected by Prof. Cottrell that 

 there will be great economic advantage in saving the solids in the 

 gases and smoke. 



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, 1S67 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 



