The annual interest on the same, at six per cent., is $30,910 04; the interest which had accrued up to July, 1846, when the trust was placed under the care of the Regents, was... Total... $242,129 00 757,298 00 Out of this sum the Regents were authorized to expend on the building $242,129, which had accrued in interest, together with such portions of interest on the original bequest as might remain unexpended in any year. The Regents, however, thought it advisable to increase the principal, and in order to do this, resolved that the erection of the building should be spread over a number of years, and that the sum authorized to be used for this purpose should be put at interest, so that the income from this source might in part defray the expense of the edifice. To carry out this plan, $250,000 of accrued interest were drawn from the treasury and invested in United States securities. This plan of finance has been rigidly adhered to, and it now appears from the account books of the Institution that after all the expenditures on the building and grounds, on researches, publications, and lectures, on the library,. museum, and gallery of art, there is on hand government security valued, at the present rate of premium, at $209,700, so that the original amount and interest which had accrued previous to the time at which the Institution came into the charge of the Regents, has only been diminished by about $33,000. In accordance with a part of this plan, Congress has been requested to take from the Institution $150,000, to be placed with the original bequest as a part of the principal, the interest of which alone can be expended, and it is hoped that an act to this effect will be passed during the present session. Report of the Executive Committee, 1852. 1852.-The executive committee submit to the Board of Regents the following report relative to the present state of the finances and the expenditures during the year 1852: They are happy to inform the Board that, after a strict examination of the accounts, they are enabled to present a very satisfactory statement 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 (for which an annual income at 6 per cent. interest is derived, of $30,910) is..... There is now on hand, of unexpended interest, in charge of Messrs. Corcoran & Riggs.... $208,800 Of this sum it is proposed to expend on the building. 58,800 $515,169 00, Which will leave to be added to the principal, according to the original proposition of Professor Bache... The whole fund will then be.. Report of the Executive Committee, 1853. $150,000 00 665,169 00 1853. The executive committee submit to the Board of Regents the following report relative to the present state of the finances, and the expenditures 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 statement 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. interest is derived, of $30,010 14,) is.......... Amount of unexpended interest, reported last year as in charge of Messrs. Corcoran & Riggs.. From which deduct the amount expended on the building during the past year.... $208,800 00 29,391 08 $515,169 00 1854. 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 Corcoran and Riggs. From which deduct amount passed by them to the credit of the treasurer during the year 1854, to meet payments for building... $179.408 02 54,408 02 125,000 00 The following is a general view of the receipts and expenditures for the year 1854: Receipts. Balance in the treasury as per last report.. Expenditures. For items common to the objects of the For publications, researches and lectures.. Hence there is in the hands of Corcoran & Riggs and in the treasury of the Institution. $12,752 00 8,094 38 $6,944 68 30,910 21 7,276 39 45,131 28 613 12 14,159 59 45,131 28 139,159 59 6. Answered in five. Interest paid in January and July. 7. Up to February 25, $299,675 64. The amount due from $10,000 to $15,000. 8. See statement of general expenditures, marked A. 9. The amount is the same as when first placed in the treasury of the United States. 10. On the 1st January, 1855, there was in the hands of Corcoran & Riggs and in the treasury of the Institution $139,159 59. 11. See statement marked A, where these items are given as far as possible. Incidentals to library consists partly of binding, which ought to be added to the cost of books. N. B.-The proportional part of the general expenses ought to be added to the expenses of the library. 12. Answered in general statement, marked A. 13. Active operations, not including publications, up to 1st January, 1855..... For Smithsonian Contributions. $10,579 93 30,340 60 7,574 46 14. The regular edition of volumes is 1,000. 500 extra copies of each memoir are printed. For distribution, see lists marked B and C. They have been printed in New York, Philadelphia, Cambridge, Massachusetts, and Washington, District of Columbia, by the following firms: E. O. Jenkins, R. Craighead, T. K. & P. G. Collins, Metcalf & Co., J. & G. S. Gideon, L. Johnson & Co.; and engravings have been executed by Tappan & Bradford, A. Sonrel, Sarony & Major, T. Sinclair, P. S. Duval, J. Prestele, D. C. Baxter, W. B. Gihon, Geny Gros, Paris, N. Orr, James Ackerman, Endicott & Co., Ford & West. Out of 485 plates and wood cuts, 439 were executed in the United States, 10 in Paris, and 36 in London. 15. See statement marked A for payments for computations. Nothing has been paid for any of the articles in the Smithsonian Contributions. The following sums have been paid for reports: Professor James C. Booth.. Campbell Morfit.. 66 F. E. Melsheimer. $200 00 200 00 50 00 50 00 50 00 207 00 Woods Baker.... Extra copies of the memoirs are given to the authors for their own use and advantage, and in some cases, extra editions were allowed to be struck off by the authors themselves. 16. About one-half of those received have been published. 17. Aggregate amount paid to lecturers, $5,494,05. 200 lectures have been delivered, for which compensation was made; at least 50 other lectures have been given without remuneration from the Smithsonian Institution. 18. Joseph Henry, secretary. S. F. Baird, museum, &c. A. H. Smyth, meteorology. Louis Schade, library. Daniel Sullivan, library. H. Diebitsch, meteorology.. Captain B. S. Alexander, architect.... $3,499 92 1,319 43 1.999 92 799 92 849 94 200 00 399 96 262 50 575 00 540 00 560 00 250 62 372 00 240 00 3675 75 50 73 00 40.00 18.00 124 82 1,000 00 19. No copyright has been taken on any of the books. The volume on aboriginal monuments of New York, by E. G. Squier, was republished by the author; also Ellet's physical geography of the Mississippi valley. Use is made of the Smithsonian Contributions in the preparation of elementary and school books, also in periodicals, &c. 20. See list marked D. |