REPOET OF THE EXECUTIVE COMMITTEE. 



The executive committee respectfully submit tlic following report in relation 

 to the fiiuds of the Institution, the receipts and expenditures for the year 1S66, 

 with estimates for the year 1SG7. 



Statement of the fund. 



The original amount received as the bequest of James Smithson deposited in the 

 treasury of the United States as a trust fund, by act of Congress, approved 

 August 10, 1S46, section. 2 $515, 1G9 00 



The residuary legacy of James Smithson, received in 1SG5, 



invested in United States 7.30 bonds 26, 210 63 



Extra fund, deiived from saving of interest, tfec, invested in stock, 

 viz : 



United States 7.30 bouds 27, 939 37 



o I n t Present Interest 



rar value Cost. , . -, 



A-alue. unpaid. 



Indiana 5 p. cent. 875, 000 $63, 000 00 $69, 7,-)0 



Virginia 6 p. cent. 53,500 49,832 50 31,565 $17,655 



Tennessee 6 p. cent. 15,000 11,167 50 9,300 



Georgia 6 p. cent. 500 500 00 500 165 



Washington 6 p. cent. 100 100' 00 100 



144,100 124,600 00 ill, :n5 111,215 00 



Total productive and unproductive capital $680, 534 00 



Receipts mid expenditures during the year 1866. 



RECEIPTS. 



Balance in hands of the Treasurer, January, 1866 $13, 718 63 



Interest on the original bequest of Smithson, viz., 6 per cent, on 



$515,169 30, 910 14 



Interest on Indiana stock, viz., 5 per cent, on $75, 000 3, 750 00 



Interest on Tennessee stock, viz., 6 per cent, on $15,000 900 00 



Premium for sale of coin, &;c 40, 691 26 



Interest on temporary deposit with United States Treasurer 380 82 



Proceeds of sale of $600, coupons, for interest due on Tennessee 



stock 402 00 



Total funds available for the year 1866 90, 752 85 



EXPENDITURES. 



For building and furniture. ; $36. 428 66 



" general expenses 11, 577 24 



" publications and researches 13, 109 95 



*♦ librarv, ixuseum, and literary exchanges 6, 745 77 



67,861 62 



Balance in hands of the Treasurer, January, 1867 $22, 891 23 



5 S Gfi " .. 



