XVIII JOURNAL OF PROCEEDINGS OF THE BOARD OF REGENTS. 



Dr. Coppee then introduced the following resolution, which was 

 adopted : 



Resolved, That the income of the Institution for the fiscal year ending June 30, 

 1896, be appropriated for the service of the Institution, to he expended by the Secre- 

 tary, with the advice of the Executive Committee, with full discretion on the part 

 of the Secretary as to items. 



The Secretary stated that in 1874 the Institution received $1,000 

 from the estate of James Hamilton, esq., of Carlisle, Pa., bequeathed 

 in the following clause of his will : 



I give $1,000 to the Board of Regents of the Smithsonian Institution, located at 

 Washington, D. C, to be invested by said Regents in some safe fund, and the inter- 

 est to be appropriated biennially by the Secretaries, either in money or a medal, for 

 such contribution, paper, or lecture on any scientific or useful subject as said Secre- 

 taries may approve. 



Under resolution of the Eegents, the bequest was deposited in the 

 Treasury on the same terms as the original Smithsonian bequest. In 

 administeriug the trust the income has thus far been only partially 

 used, the annual interest not being yet sufficient to bear the expense 

 attendant on the designing and striking of a proper medal. The 

 accrued interest on the fund having reached a sum more than equal 

 to the original bequest, $1,000 of this interest might now be added to 

 the principal, thus bringing the fund to $2,000, the interest on which 

 would more properly carry out the purposes of the testator. The 

 authority of the Eegents was therefore requested for thus increasing 

 the original bequest and for treating the $2,000 thereby created as the 

 limit of a permanent fund to be called by the name of the donor, the 

 interest to be administered under the terms of the resolution relative 

 to income and expenditure. 



Senator Henderson offered the following resolutions, explaining that 

 their purpose was to add $1,000 of the $1,200 which had accumulated 

 to the original bequest, which would make a fund of $2,000 and leave 

 a balance of interest to its credit of 



Resolved, That the Secretary is hereby authorized to add to the bequest of $1,000 

 received from James Hamilton the accrued interest upon the said bequest to the 

 amount of $1,000 and no more, the same to be deposited in the Treasury of the United 

 States under the terms of section 5591 of the Revised Statutes. 



Resolved, That the fund of $2,000 thus created be known as the " Hamilton fund," 

 and that the income from this fund be administered by the Secretary under the terms 

 of the resolution relative to income and expenditure. 



On motion, the resolutions were adopted. 



There being no further business to come before the Board, on motion, 

 it adjourned. 



