EEPOET OF THE SECRETARY. 3 



Amount deposited in the Treasury of the United States, 

 as authorized by act of Congress of February 8, 1807, 

 derived from savings of income and increase in value of 

 investments $108, 620 37' 



Total permanent Smithson fund in the Treasury of 

 the United States, bearing interest at 6 per cent., 



payable semi-annually in gold 650, 000 00 



In addition to the above, there remains of the extra fund 

 from savings, &c., in Virginia bonds and certificates, 

 viz: Consolidated bonds, $58,700; deferred certificates, 



$29,305.07— now valued at 33, 000 00 



Cash balance in United States Treasury at the beginning of 

 the year 1874, as a special deposit for current expenses. 12, 226 GS 

 Amount due from First National Bank, $5, 757.41, (pres- 

 ent value unknown.) 



Total Smithson funds January, 1874 695, 226 68 



PUBLICATIONS. 



' Since the reports of the Institution are separately distributed to indi- 

 viduals who have not immediate access to the whole series, it is neces- 

 sary in each to repeat certain facts which may serve to give an inde- 

 pendent idea of the general organization of the establishment. For this 

 purpose the following statement is repeated in regard to the publications : 



The publications of the Institution are of three classes — the Contribu- 

 tions to Knowledge, the Miscellaneous Collections, and the Annual 

 Eeports. The first consist of memoirs containing positive additions to 

 science resting on original research, and which are generally the result 

 of investigations to which the Institution has in some way rendered 

 assistance. The miscellaneous collections are composed of works in- 

 tended to facilitate the study of branches of natural history, meteor- 

 ology, &c, and are designed especially to induce individuals to engage 

 in studies as specialties. The annual reports, beside an account of the 

 operations, expenditures, and condition of the Institution, contain trans- 

 lations from works not generally accessible to American students, re- 

 ports of lectures, extracts from correspondence, etc. 



The following are the rules which have been adopted for the distribu- 

 tion of the publications of the Smithsonian Institution : 



1st. To learned societies of the first class which present complete 

 series of their publications to the Institution. 



2d. To libraries of the first class which give in exchange their cata- 

 logues and other publications, or an equivalent from their duplicate 

 volumes. 



3d. To colleges of the first class which furnish meteorological ob- 

 servations, catalogues of their libraries and of their students, and all 

 other publications relative to their organization and history. 



