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XIV   JOURNAL OF THE BOARD.

of Hamilton's or Huebus' (Habel?) will would answer for the part relating to the "increase and diffusion," &c. As for the medal I believe no fund has been left to institutions for that purpose, and I should like to have your opinion on it. 

Please return this letter with your answer, which I would like you to let me have as soon as you can; taking, however, all the time you need to make it so full and explicit that no further correspondence will be necessary at this stage. I mean business if your answer is satisfactory. For the present I desire this affair be treated as confidential, or if necessary to mention to other parties, withhold the name.

There is one thing I had rather do than make a bequest in favor of the Institution, namely, pay over a certain sum, say $2,000 or $2,500, in trust to the Regents; provided I could receive the income during life, the Institution to have the sole use and possession of the same after my death. Would the Institution be authorized to accept a sum of money on such terms? 

Respectfully, 

****

After full discussion of the subject it was, on motion of Mr. Edmunds- 

Resolved, That the communication be referred to the Executive Committee with full power to act in relation to it.

The Secretary, Professor Baird, presented his annual report of the operations of the institution for the year 1884, which was read in part.

On motion of Dr. Maclean, the Secretary was instructed to transmit the report to Congress.

On motion of Mr. Edmunds, it was-

Resolved (1), That the fiscal year of the Institution shall hereafter terminate on the 30th day of June in each year.

(2) That the Secretary shall hereafter prepare and cause to be printed and sent to each member of the Board on or before the first day of December in each year, his annual report.

(3) That the annual meeting of the Board of Regents shall hereafter be held on the second Wednesday in January in each year.

The Board then adjourned sine die.