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Excerpt from Smithsonian Contributions to Knowledge, Vol. 7
The Act of Congress, establishing the Institution, directs as a part of the plan of organization, the formation of a Library, a Museum, and a Gallery of Art, together with provisions for physical research and popular lectures, while it leaves to the Regents the power of adopting such other parts of an organization as they may deem best suited to promote the objects of the bequest.
After much deliberation, the Regents resolved to divide the annual income into two equal parts - one part to be devoted to the increase and diffusion of knowledge by means of original research and publications - the other half of the income to be applied in accordance with the requirements of the Act of Congress, to the gradual formation of a Library, a Museum, and a Gallery of Art.
The following are the details of the two parts of the general plan of organization provisionally adopted at the meeting of the Regents, Dec. 8th, 1847.
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