Smithsonian Miscellaneous Collections. Vol. XVII

Smithsonian Miscellaneous Collections. Vol. XVII

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1880 edition. Excerpt: ...that provision should be made for the establishment of a library and museum, together with the erection of a building on a liberal scale to contain them. While the Regents in their plan of organization obeyed these instructions, they also by virtue of the power invested in them, and in conformity with the terms of the bequest, adopted additional plans for the more immediate promotion of the increase and diffusion of knowledge among men, by means of researches, publications, lectures, &c. In order, however, to carry out the several parts of this more extended plan, it was found absolutely necessary that the annual income of the institution should be increased. To accomplish this, it was resolved, instead of expending at once the $242,000 on a building, carefully to husband the same and to erect the building in the course of several years, in part out of the proceeds of the sum before mentioned, and in part out of such portions of the income of the original fund as could bo spared from the ordinary operations of the institution. This scheme has been effectually carried out, and the Regents now ask to be allowed to place in the Treasury of the United States along side of the original bequest, and upon the same terms, never to be expended, the sum of $150,000 of accrued interest, and to be allowed to add to this from time to time, such other sums as may come into their possession by donation or otherwise, until it, with the sums thus added shall amount to $200,000, making in all a principal fund of a little more than $715,000. After this deposit of $150,000, the Regents will still have sufficient money on hand to finish the whole exterior of the building, and such portions of the interior in addition to those now completed, as may be wanted more

Product details

  • Paperback | 450 pages
  • 189 x 246 x 23mm | 798g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236509161
  • 9781236509161