REPORT OF THE SECRETARY. 5 
The Brooklyn Rapid Transit Co. was placed in the hands of re- 
ceivers on July 1, 1918. 
For the $5,000 in 5 per cent gold notes which failed of redemp- 
tion on the above date, $1,500 was subsequently paid to the Insti- 
tution in cash and the balance of $3,500 is held by the receivers 
pending final adjustment. 
A single piece of real estate bequeathed to the Institution by the 
late Robert Stanton Avery, and located in the District of Columbia, 
326 A Street SE., was sold and the sum of $3,046.50 was realized 
therefrom. Several lots of unimproved land located near Lowell, 
Mass., and forming a part of the bequest known as the Lucy T. 
and George W. Poore fund, were also sold and the sum of $520.50 
was realized, making a total of $3,567 derived from the sale of real 
estate during the year. 
Income not required for current expenditures continues to be 
placed with local banks on time deposit; the interest so earned dur- 
ing the year amounted to $1,048.10. 
The income of the institution during the year, amounting to $144,- 
100,53, was derived as follows: Interest on permanent investments 
and other sources, $64,466.94; repayments, rentals, publications, etc., 
$34,723.33; contributions from various sources for specific purposes, 
$26,343.26; bills receivable, $15,000; proceeds from sale of real estate, 
$3,567. 
Adding the cash balance of $1,289.90 on July 1, 1918, the total 
resources for the year amounted to $145,390.43. 
Mr. B. H. Swales, honorary custodian, section of birds' eggs, has 
contributed $300 to the Institution for the purchase of specimens. 
The disbursements which are described in the annual report of 
the executive committee amounted to $143,267.65, leaving a balance, 
on deposit with the Treasurer of the United States, in cash, and in 
bank, of $2,122.78. 
The Institution was charged by Congress with the disbursement 
of the following appropriations for the year ending June 30, 1919: 
International exchanges $35, 000 
American ethnology 42, 000 
International catalogue of scientific literature 7, 500 
Astrophysical observatory 13, 000 
National Museum 
Furniture and fixtures 15,000 
Heating and lighting 55,000 
Preservation of collections 300, 000 
Building repairs 10, 000 
Books 2, 000 
Postage 500 
National Zoological Park 115,000 
Increase of compensation (indefinite) 
Total 595,000 
12573°— 21 2 
