Viewing page 5 of 38

This transcription has been completed. Contact us with corrections.

REPORT OF THE EXECUTIVE COMMITTEE (PERMANENT COMMITTEE) OF THE BOARD OF REGENTS OF THE SMITHSONIAN INSTITUTION

April 29, 1968

The Executive Committee (Permanent Committee) of the Board of Regents met on April 29, 1968. The meeting was called to order by Dr. Haskins, Chairman (ad interim), in the Chambers of the Chief Justice at 4:10 p.m.

The minutes of the Board of Regents Meeting on January 25, 1968, were recommended for approval by the Board of Regents.

The Secretary recalled that the Regents agreed on January 25 that the selection of a successor to fill the vacancy caused by Mr. Fleming's death was to be held over until the May meeting. At Senator Anderson's suggestion the Secretary had discussed the suggested candidacy of Robert S. McNamara with the Vice President and found him in agreement. The Secretary reported that Robert C. Baker, who had been suggested by the Vice President as a Regent, had just been named by the President as a member of the National Armed Forces Museum Advisory Board. The Committee recommends that the Board approve the selection of Robert S. McNamara as the new citizen regent and that the Congressional Regents be requested to introduce legislation for his appointment. 

Dr. Haskins reported the following transactions in investments:

[[underlined]] FREER FUND [[/underlined]]

[[underlined]] Sales [[/underlined]]
2,500 shs. Inland Steel Co. - Common Stock
$87,000 Federal Land Bank - 4-1/4% Bonds (3/20/68)
1,500 shs. General Motors - Common Stock

[[underlined]] Purchases [[/underlined]]
$96,000 U. S. Treasury Bills (8/22/68)

The proceeds of the above transactions resulted in a net gain of $45,641.58.

[[underlined]] CONSOLIDATED FUND [[/underlined]]

[[underlined]] Sales [[/underlined]]
$125,000 U. S. Treasury Bills (1/18/68)
4,922 shs. Consolidated Edison - Common Stock
4,000 shs. St. Joseph Lead - Common Stock

3