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SMITHSONIAN INSTITUTION  490
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MADE BY BAKER-VAWTER CO. 
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RESOLVED; That the Chancellor is hereby authorized to appoint a committee of five members of the Board of Regents, with the Secretary as an exofficio member, to consider the question of the appointment of a commission to be known as the National Gallery of Art Commission; and to report with recommendations to the Board either at a special meeting or at its next regular meeting.

On motion, the resolution was adopted.

The Chancellor appointed the following committee:

Mr. Henry White, Chairman;
Senator Lodge;
Mr. Henderson;
Mr. Brookings;
Mr. Greene;     and
The Secretary.

NEW BUILDING FOR HISTORY AND ART.

The Secretary spoke of the need for a suitable building for the historical and art objects now in the care of the Institution, stating that last year an estimate of $5,000.00 was submitted for the preparation of plans for such a building, but that no action had been taken, and that there was scarcely any probability of its receiving favorable action at the present time owing to the condition of the national finances.

He added that whenever it was practicable a request for the building should be strongly presented to the Congress.

AUTHORITY FOR THE SECRETARY TO INVEST THE FUNDS OF THE INSTITUTION.

The Secretary said that at a meeting of the Board of Regents, held January 24, 1894, the Permanent Committee of the Board was established by the following resolution:

RESOLVED; That the Executive Committee and the Secretary are hereby constituted a permanent committee, with authority to accept for the Institution any property, real, personal, or mixed, that may be given to it for its purposes, "the increase and diffusion of knowledge among men", with power to sell or to convert such property, and to invest the proceeds in such manner as may appear to them for the interests of the Institution; Provided, that no deposit be made of such proceeds with the permanent fund in the United States Treasury, other than by special resolution of the Regents.

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