REPORT OF THE EXECUTIVE COMMITTEE OF THE BOARD OF 



REGENTS OF THE SMITHSONIAN INSTITUTION 



For the Year Ending June 30, 1898. 



To the Board of Regents of the Smithsonian Institution: 



Your Executive Committee respectfully submits the following report 

 in relation to the funds of the Institution, the appropriations by Con- 

 gress, and the receipts and expenditures for the Smithsonian Institu- 

 tion, the U. S. National Museum, the International Exchanges, the 

 Bureau of Ethnology, the National Zoological Park, and the Astro- 

 physical Observatory for the year ending June 30, 1898, and balances 

 of former years : 



SMITHSONIAN INSTITUTION. 

 Condition of the Fund July 1, 1898. 



The amount of the bequest of James Smithson deposited in the 

 Treasury of the United States, according to act of Congress of August 

 10, 1846, was $515,169. To this was added by authority of Congress, 

 February 8, 1867, the residuary legacy of Smithson, savings from 

 income and other sources, to the amount of $134,831. 



To this also have been added a bequest from James Hamilton, of 

 Pennsylvania, of $1,000; a bequest of Dr. Simeon Habel, of New York, 

 of $500; the proceeds of the sale of Virginia bonds, $51,500; a gift 

 from Thomas G. Hodgkins, of New York, of $200,000 and $8,000, being 

 a portion of the residuary legacy of Thomas G. Hodgkins, and $1,000, 

 the accumulated interest on the Hamilton bequest, making in all, as 

 the permanent fund, $912,000. 



The Institution also holds the additional sum of $42,000, received 

 upon the death of Thomas G. Hodgkins, in registered West Shore 

 Railroad 4 per cent bonds, which were, by order of this Committee, 

 under date of May 18, 1894, placed in the hands of the Secretary of the 

 Institution, to be held by him subject to the conditions of said order. 

 SM 98 — - ii xvii 



