4 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1919. 
world. That portion of Mrs. Bacon's will relating to the Institution 
reads as follows: 
(/) To Smithsonian Institute the sum of fifty thousand dollars ($50,000), to be 
used in establishing a traveling scholarship, to be called the Walter Rathbone 
Bacon Scholarship for the study of the fauna of countries other than the 
United States of America; the incumbents to be designated by said Institute 
under such regulations as it may from time to time prescribe and to hold 
such scholarships not less than two years, and while holding such scholarship 
to conduct for said Institute investigations in the fauna of other countries 
under the direction of said Institute. 
The terms of the will had not been executed at the close of the 
year. 
FINANCES. 
The invested funds of the Institution are as follows : 
Deposited in the Treiasury of the United States under authority 
of Congress $1, 000, 000. 00 
CONSOLIDATED FUND. 
Brooklyn Rapid Transit 5 per cent notes, due July 1, 1918 3, 528. 44 
American Telephone & Telegraph Co. 4 per cent collateral trust 
bonds, due July 1, 1929 15,680.00 
Province of Manitoba 5 per cent gold debentures, due Apr. 1, 1922_ 1, 935. 00 
West Shore Railroad Co. guaranteed 4 per cent first mortgage 
bonds, due Jan. 1, 2361 37,275.00 
Cleveland Electric Illuminating Co. first mortgage 5 per cent 
gold bonds, due 1939 5, 670. 00 
United States first Liberty loan 200.00 
United States second Liberty loan 100. 00 
United States third Liberty loan 10, 150. 00 
United States fourth Liberty loan 50.00 
United States war-savings stamps, series of 1918 100. 00 
Adjustments 105. 94 
Total 1, 074, 794. 38 
The sum invested for each specific fund and the manner in which 
the several investments were made is given in the following state- 
ment: 
United States 
Treasury. 
Consoli- 
dated fiind. 
Total. 
Smithson fund 
Habel fund 
Hamilton fund , 
Hodgkins general fund 
Hodgkins specific fund , 
Rh ees fund 
Avery fund , 
Addison T. Reid fund 
Lucy T. and George W. Poorefund. 
George K. Sanford fund 
Chamberlain fund 
Bruce Hughes fund 
8727,640.00 
500.00 
2, 500. 00 
116,000.00 
100,000.00 
590. 00 
14,000.00 
11,000.00 
26, 670. 00 
1,100.00 
S984. 00 
37, 275. 00 
74.00 
14, 824. 45 
1,348.00 
2, 819. 00 
142.00 
10, 000. 00 
7,327.93 
$728, 624. 00 
500. 00 
2, 500. 00 
153, 275. 00 
100,000.00 
664. 00 
28, 824. 45 
12, 348. 00 
29, 4S9. 00 
1, 242. 00 
10, 000. 00 
7, 327. 93 
Total. 
1,000,000.00 74,794.38 1,074,794.38 
