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SMITHSONIAN INSTITUTION   572
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MADE BY BAKER-VAWTER CO.
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As the Army Medical Museum and Library Building is located on the area referred to, it seems desirable that the question of having it transferred to the Smithsonian Institution for the use of the National Museum should be in the minds of the Regents for consideration when the time arrives for the filing of a request for such transfer to the Institution.

In connection with the question of the development of the National Gallery of Art, Mr. McCormick said that Lord and Lady Lee, of Fareham, had mentioned their desire to deposit de Laszlo's portrait of Colonel Roosevelt in some suitable place in this country.  They had also expressed this wish to Mrs. Richard Derby, who spoke of it to the Senator and said that if the Regents of the Smithsonian Institution desired the portrait, it might be sent to the National Gallery of Art. Senator McCormick said that he had told Mrs. Derby that he would bring the matter to the attention of the Regents at the first opportunity and would write her their views.

There was a general expression of opinion that the portrait should be placed in the National Gallery, and Senator McCormick said that with that understanding he would communicate with Mrs. Derby.

HAMILTON FUND.

On January 23, 1895, the Board of Regents adopted the following resolution:

RESOLVED; That the Secretary is hereby authorized to add to the bequest of $1000.00 received from James Hamilton, the accrued interest upon the said bequest to the amount of $1000.00 and no more, the same to be deposited in the Treasury of the United States under the terms of Section 5591 of the Revised Statutes.

RESOLVED; That the fund of $2000.00 thus created be known as the Hamilton Fund, and that the income from this Fund be administered by the Secretary under the terms of the resolution relative to income and expenditure.

The Secretary explained that even with the action taken above, the Hamilton Fund yielded only a small income, and that it was difficult to secure the
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