EEPOET OF THE SECRETARY. 7 



Bequest of James Hamilton, 1875 $1, 000 



Accumulated interest on Hamilton fund, 1895 1, 000 



$2,000.00 



Bequest of Simeon Habel, 1880 500.00 



Deposits 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, 1907 7, 918. 69 



Deposit from savings of income, 1913 636. 94 



Bequest of William Jones Rhees, 1913 251. 95 



Deposit of proceeds from sale of real estate (gift of Robert Stan- 

 ton Avery), 1913 ^- 9,692.42 



Bequest of Addison T. Reid, 1914 4, 795. 91 



Deposit of savings from income Avery bequest, 1914 204. 09 



Total of fund deposited in the United States Treasury 960, 500. 00 



OTHER EESOURCES. 



Registered and guaranteed bonds of the West Shore Railroad Co., 



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



Total permanent fund 1,002,500.00 



With the aid of the first installment of $4,795.91 of a bequest 

 from the late Addison T. Reid and a small deposit from savings of 

 income from the Avery bequest, the permanent fund now, for the first 

 time, exceeds $1,000,000. 



That part of the fund deposited in the Treasury of the United 

 States bears interest at 6 per cent per annum, under the provisions 

 of the act organizing the Institution and an act of Congress approved 

 March 12, 1894. The rate of interest on the West Shore Railroad 

 bonds is 4 per cent per annum. 



The income of the Institution during the year, amounting to 

 $90,982.54, was derived as follows: Interest on the permanent foun- 

 dation, $58,994.29; contributions from various sources for specific 

 purposes, $17,554.20; first installment of a bequest from the late 

 Addison T. Reid, $4,795.91; and from other miscellaneous sources, 

 $9,638.14; all of which was deposited in the Treasury of the United 

 States. 



With the balance of $33,641.40 on July 1, 1913, the total resources 

 for the fiscal year amounted to $124,623.94. The disbursements 

 which are given in detail in the annual report of the executive com- 

 mittee, amounted to $94,063.81, leaving a balance of $30,560.13 on 

 deposit June 30, 1914, in the United States Treasury and in cash. 



The Institution was charged by Congress with the disbursement 

 of the following appropriations for the year ending June 30, 1914 : 



International exchanges $32, 000 



American Ethnology 42, 000 



Astrophysical Observatory . 13, 000 



