Current liabilities-Continued. Divisions-Continued. IX. Chemistry and chemical technology— Research fellowships (R. F. 2774), 1924__. International critical $55. 00 256. 79 57, 899. 35 Current liabilities Continued. Divisions-Continued. XII. Biology and agriculture-Continued. Fellowships in seed germination... XIII. Anthropology and psychology National intelligence tests, 1921... 1922____ Problems of migration, 1924. Conferences on vocational prob lems..... Committee on race characters.. Executive board General maintenance, 1924.... American Geophysical Union, gen- Publications and publicity, general maintenance, 1924.. Concilium Bibliographicum, 1924.. Bibliographicum___ $576. 99 4,337. 67 3, 436. 16 517. 48 1, 305. 23 11, 136. 50 816. 86 50.00 295. 23 2, 101. 25 7, 450.00 641.87 Unappropriated fund, general.......... (Balance on contributions by private individuals for the support Total.... 74, 262. 46 12, 500. 00 3,855. 62 JULY 31, 1924. 400, 840. 30 GEORGE K. BURGESS, Treasurer. REPORT OF THE AUDITING COMMITTEE WASHINGTON, D. C., July 31, 1924. We have employed the Capital Audit Co. to scrutinize and report on the treasurer's books. We accepted the certificate dated June 30, 1924, of the American Security & Trust Co. regarding notes owned by the academy deposited for collection. On July 17, 1924, we examined securities owned by the academy and papers contained in the box of the National Academy of Sciences at the vault of the American Security & Trust Co. We find them to correspond to the list checked by the Capital Audit Co. on July 2, 1923, except as modified by transactions since July 1, 1923, reported by the Capital Audit Co. We find that interest on loans has been accounted for. Correspondence of vouchers, pass books, and accounts of the treasurer is certified by the Capital Audit Co. We find the net balance reported by the treasurer as of June 30, 1924 to agree with the statement of the American Security & Trust Co. and with the check book. The above paragraph relates to the accounts of the National Academy of Sciences proper. The Capital Audit Co. has made a special report on the accounts of the National Research Council, whose funds are deposited in two separate accounts to the credit of the academy. We have examined the long-term securities of the National Research Council deposited in the box at the American Security & Trust Co. and find them correct. We accepted the certificate, dated June 30, 1924, of the Riggs National Bank as to United States Treasury certificates and bonds owned by the National Research Council and held by the bank for collection and subject to the instructions of the academy. We find that the net balance reported by the treasurer as of June 30, 1924, agrees with the statements of the American Security & Trust Co. and the Riggs National Bank for these accounts. Correspondence of vouchers, pass books, and accounts of the treasurer of the National Research Council is certified by the Capital Audit Co.: We have carefully examined the full report of the Capital Audit Co and find it an explicit and seemingly exhaustive statement of the financial condition of both the academy and council. WHITMAN CROSS, Chairman, DAVID WHITE, Auditing Committee! 1. EXECUTIVE ORDER ISSUED BY THE PRESIDENT OF THE UNITED STATES MAY 11, 1918 The National Research Council was organized in 1916 at the request of the President by the National Academy of Sciences, under its congressional charter, as a measure of national preparedness. The work accomplished by the council in organizing research and in securing cooperation of military and civilian agencies in the solution of military problems demonstrates its capacity for larger service. The National Academy of Sciences is therefore requested to perpetuate the National Research Council, the duties of which shall be as follows: 1. In general, to stimulate research in the mathematical, physical, and biological sciences, and in the application of these sciences to engineering, agriculture, medicine, and other useful arts, with the object of increasing knowledge, of strengthening the national defense, and of contributing in other ways to the public welfare. .8 2. To survey the larger possibilities of science, to formulate comprehensive projects of research, and to develop effective means of utilizing the scientific and technical resources of the country for dealing with these projects. 3. To promote cooperation in research, at home and abroad, in order to secure concentration of effort, minimize duplication, and stimulate progress; but in all cooperative undertakings to give encouragement to individual initias tive, as fundamentally important to the advancement of science. 4. To serve as a means of bringing American and foreign investigators into active cooperation with the scientific and technical services of the War and Navy Departments and with those of the civil branches of the Government. A 5. To direct the attention of scientific and technical investigators to the present importance of military and industrial problems in connection with the war, and to aid in the solution of these problems by organizing specific researches. 6. To gather and collate scientific and technical information at home and abroad, in cooperation with governmental and other agencies and to render such information available to duly accredited persons. Effective prosecution of the council's work requires the cordial collaboration of the scientific and technical branches of the Government, both military and civil. To this end, representatives of the Government, upon the nomination of the National Academy of Sciences, will be designated by the President as members of the council, as heretofore, and the heads of the departments immediately concerned will continue to cooperate in every way that may be required. WOODROW WILSON. The National Academy of Sciences, under the authority conferred upon it by its charter enacted by Congress, and approved by President Lincoln on March 3, 1863, and pursuant to the request expressed in an Executive order made by President Wilson on May 11, 1918, adopts the following articles of organization for the National Research Council, to replace the temporary organization under which it has operated heretofore. |