64 EIGHTH ANNUAL REPORT OF 



REPORT OF THE EXECUTIVE COMMITTEE. 



The Executive Committee submit to the Board of Regents the fol- 

 lowing report, relative to the present state of the finances, and the ex- 

 penditures during the year 1853. 



They are happy to inform the board that, after a strict examination 

 of the accounts, they are enabled to present a very satisfactory state- 

 ment of the present condition of the finances, and the result of the 

 investigations as to the expenditures during the year. 



The whole amount of the Smithsonian bequest, deposited in the 

 treasury of the United States, (from which an annual income, at 6 per 



cent., is derived of 30,910 14,) is $515,169 00 



Amount of unexpended interest, reported 

 last year as in charge of Messrs. Cor- 

 coran & Riggs $20S,S00 00 



From which deduct amount expended on 



the building during the past year 29,391 98 



179,408 02 

 Of this it is proposed to expend the further 



sum of 29,408 02 



Which will leave to be added to the prin- 

 cipal, according to the original propo- 

 sition of Professor Bache 150,000 00 



The whole fund will then be 665,169 00 



f 



