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SMITHSONIAN INSTITUTION 1447

December 31, 1957. I should like at this time to express my personal appreciation and the appreciation of the Executive Committee, and, I feel sure, of the entire Board of Regents to Mr. Graf for his long and most effective service to the Smithsonian Institution. He rendered outstanding assistance to the Board at the time of the selection of Dr. Carmichael as Secretary of the Institution. In many other ways he has left a lasting mark in the record of the progressive actions of the Smithsonian. We all miss him because of his rare administrative ability and because of his warm and genial personality. 

Mention may be made here of changes in three special funds: 

Dr. E. W. Nelson died in 1934, and bequeathed the Smithsonian Institution 615 shares in the Nelson-Goldman Orchard Co., Inc., located about 40 miles from Fresno, California. The bequest was made to set up a special fund to be known as the Edward W. Nelson Fund, the income to be used for support of biological studies. In 1952 an agreement was made with Robert Leiland Nelson and George T. Goldman, nephews of Dr. Nelson, whereby they purchased 115 shares of the company outright and were given an option to purchase our further stock over a period of 5 years beginning January 1, 1954, with the privilege of renewing the option to December 31, 1963. Mr. Nelson and Mr. Goldman have been most diligent and faithful in their effort to fulfill the desire of their uncle and in spite of unexpected expenses for irrigation and replacement of trees, have been exercising their option by purchasing 100 shares of stock each year. They had planned to buy the final lot of 100 shares in December, but unfortunately Mr. Goldman became seriously ill. However, Mr. Nelson did purchase 50 shares. The Edward W. Nelson Fund now amounts to $28,799.32. 

Miss Caroline Henry, daughter of the first Secretary of the Smithsonian Institution, died November 10, 1920. Under the terms of her will she bequeathed the Institution $1,000, which is designated on our books as the Caroline Henry Fund. In addition, the Smithsonian Institution was made residuary legatee, the entire estate reverting to it after the death of the last life beneficiary. On December 26, 1957 we were notified by the trustee of the estate that the last life tenant mentioned in Miss Henry's will had died and that the trust fund could be distributed. The formal papers have been filed, and the Institution has received the legacy of $64,463.50. In compliance with Miss Henry's request, a fund has been established as a memorial to her father and mother to be known as the Joseph Henry and Harriet A. Henry Fund. The incomes from both the Caroline Henry Fund and the Joseph Henry and Harriet A. Henry Fund are for the unrestricted use of the Smithsonian Institution. 

George W. Poore, of Lowell, Massachusetts, died December 17, 1910, making the Smithsonian Institution his residual legatee. Among the assets of the estate were several lots situated in Lowell. During the year the Institution disposed of these lots