This page was intentionally removed due to a research restriction on all Corcoran Gallery of Art Development and Membership records.
Please contact the Public Services and Instruction Librarian with any questions. AGENDA - ANNUAL MEETING - JANUARY 27, 1958 (continued)
25. Consideration of changes in Membership fees and privileges (2),
a. Authorization of a subscription concert by Johanna Martzy.
26. Election of Mary Lay Thom as a FELLOW.
27. Election of George Biddle as a FELLOW.
28. Election of James Russell Wiggins as a FELLOW.
29. Report of the Committee on Works of Art and The Art School.
30. Resolutions pertaining thereto:
a. Authorization of future special exhibitions,
b« Authorization of a long term cooperative arrangement with The Toledo Museum of Art on the Biennial Exhibitions.
c. Authorization to charge 25$ admission to Living Today exhibition.
d. Resolution of thanks to the Honorable and Mrs, Russell E, Train for the gift of Still Life by William Merritt Chase,
e. Resolution of thanks to the Honorable Francis Biddle for the gift of Circus Rider by Charles Demuth.
f. Resolution of thanks to Caroline Ogden Jones Peter III for the offer of the unrestricted gift of a group of bronzes, and a paint¬ ing by Walter Griffin.
g. Resolution authorizing an exhibition for the benefit of the Works of Art Purchase Fund by Nildenstein Gallery, New York.
31. Report on tentative proposal concerning The Textile Museum of the District of Columbia.
32. Report on the status of the proposal to the Junior League of Washington re- specting a Junior Museum.
33. Report changes in Fine Arts Insurance Policy coverage.
34. Report change in terms of contract with the Gallery's Restorer.
35. Consideration of renewal of contract with the Institute of Contemporary Arts.
36. Fund raising for Centennial.
37. Report failure to take action on a resolution authorizing the purchase of the Demuth watercolor. 603
27 JAMJAR* 1958
The Annual Meeting of The Bernrd of Trustees of The Corcoran Gallery of Art was held at the Gallery at 10:00 o'clock. The meeting was called to order by six, Hamilton, the other member® present being Messrs. Glover, Thom, Bradley, Wilson, and Finley. The Assistant treasurer and Assistant Secretary were also present.
The Chair stated that, in the absence of objection, and there being no corrections suggested, the minutes of the meeting of October 28, 1957, be approved as written.
It ms moved by Mr. Thom and seconded by Mr. Bradley that the following Officers of the Gallery be elected to serve until the next Annual Meeting of The Board and the Assistant Secretary was requested to cast the ballot for their elec¬ tion. This motion duly carried, and the Assistant Secretary cast the ballot and the Chair announced the following duly elected:
President George £. Hamilton, Jr. First Vice-President John Oliver LaGorce Second Vice-President Corcoran Them, Jr. Treasurer Corcoran Thom, Jr. Secretary Hermann Warner Williams, Jr Assistant Treasurer J, Roberts Assistant Secretary Hear i Dorrs Director Hermann Warner Williams, Jr
The Assistant Secretary read the following resolution which was duly adopted:
ABSOLVED: That Edward A. Mitchell, Jr. be and is hereby appointed an Assistant Treasurer.
The Chair in accordance with the By-laws, appointed the following stand¬ ing Committees to serve until the next Annual Meeting:
Executive: George E. Hamilton, Jr., Chairman Robert V. Fleming John Oliver LaGorce Corcoran Thom, Jr. Orsse Wilson
Chi Finance and Investment: Robert V. Fleming, Chairman Corcoran Thom, Jr. Frederick M. Bradley 606
On Works of Art and The Art School: Orne Wilson, Chairman Charles C, Clover, Jr., Vice-Chairman John Oliver LaGorce Katherine Morris Hall David £. Finley
On the Building: Frederick M. Bradley, Chairman Robert V. Fleming Katherine Morris Hail
The actions taken at a meeting of the Executive Committee on December 18, 1657, were reported. The minutes of said meeting are filed with the minutes of this meeting.
Mr. Glover, Chairman of the Special Committee on The Council, presented his report which was ordered placed on file. The following points were made in connection with the report. The Board was in favor of asking The Council to at¬ tend one of its meetings to be held in the French Salon, and stressed the need for an appropriate agenda for that meeting. Mr. Thom pointed out that the Centennial Ball should be organised by the Women*s Committee as in the past, but that The Council might be asked to participate actively.
The Following resolution was adopted:
RESOLVED: That The Honorable Francis Biddle and Mr. Coleman Jennings be elected to The Council.
The Assistant Secretary then announced that the terms of Mrs. Robert Woods Bliss and Mrs. Merriweather Post as Members of The Council had expired, and read the following resolutions which were unanimously adopted:
mmm* That Mrs, Robert Woods Bliss be and is hereby re-appointed to membership on The Council of The Corcoran Gallery of Art for a three year term end¬ ing December 31, 1961.
RESOLVED: That Mrs. Merriweather Post be and is hereby re-appointed to membership on The Council of 'the Corcoran Gallery of Art for a three year term end¬ ing December 31, 1961.
The Treasurer reported that the Gallery had entered into a new contract with Group Hospitalization, Incorporated, which, for a slightly higher premium, gives wider coverage to the Gallery's employees.
The Chair read the report of donations from all sources in 1957, which was placed on file.
The report on the expenses of the 12th Annual Area Exhibition was ordered placed on file.
The following resolutions were unaniously adopted: This page was intentionally removed due to a research restriction on all Corcoran Gallery of Art Development and Membership records.
Please contact the Public Services and Instruction Librarian with any questions. 608
Toe Director*# report on hi# estimate of the future finaneial require¬ ments of the Gallery was briefly discussed. It was generally agreed that the Gal¬ lery** income oust be increased to enable the Gallery to continue to fulfill it# function in the community.
The Chairman of the Committee on the Building and Ground# read the report of hi# Committee which was duly accepted rand ordered placed on file.
The Chair read the Report on Membership which was duly accepted and ord¬ ered placed on file.
A discussion of membership fees ensued and it wa* agreed that although this was an administrative matter the board waa in favor of the following changes* Annual membership# will remain at $10.0© per annum but starting the first of October 1058 such membership# will be individual (and will admit only bearer to events with the exception of Exhibition Openings)} A new class of Family Membership at $1S.00 per annua will be established which will admit bearer and one guest to all regular membership events.
The following resolution was adopted*
ABSOLVEDi That the Director be authorised to told a subscription concert by Johanna Martay, concert violinist, on October 30, 1958.
•dr. Hamilton told the Assistant Secretary that he was willing personally to underwrite this concert to the extent of five hundred dollars.
The following resolutions were adopted twamiouslyi
KfcjQlVfDi That Mary Lay Thom having been found to qualify as a PEtt£w of the Association of The Corcoran Gallery of Art, be and is hereby so elected.
RfeOLVIg* That George Diddle having been found to qualify as a FMLim of the Association of The Corcoran Gallery of Art, be and is hereby so elected.
aSSOLVBPi That James Russell biggins having been found to qualify as a FSUU0K of the Association of The Corcoran Gallery of Art, be and is hereby so elected.
Mr, Wilson, as Chairman of the Committee on Works of Art read the report of his Committee which was duly accepted and ordered placed ©n file.
The following resolutions pertaining to the Report of the Committee on Works of Art were adopted*
REmviSD* That the following, exhibitions for 1938, not previously author¬ ised be, and are"hereby approved*
ContemM*™ Italian Piin.tjnj; , February 21 - March 16. Prints bv George Biddle. May 16 - September 21. Loweathal-Malnert Collections. October 7 - November 0 jtESOLWPi That the President and The Board of Trustees of The Corcoran Gallery of Art wish to extend their thanks to the Honorable and Mrs. Russell 1. Train for the unrestricted gift of the painting; Pewter Pitcher feitfa grapes by Will- iaa Merritt Chase. AlCgjLVLb* That the President and The Board of Trustees of The Corcoran Gallery of Art extend their grateful thanks to The Honorable Francis Biddle, for the gift of Circus feider by Charles Dawuth, subject to a life estate in the donor and bis wife. '.ikr-m.VUn That the President and The Board of Trustees of The Corcoran gallery of Art wish to express their sincere appreciation to Caroline Ogden Jones Peter for her unrestricted gift ©f the following' twelve bronzes by Paul Bartlett* Victory. .Horse, Head, Horse Head. Sir M.Uim Black atone,..My,Rr.andj^iher. ftggiage, Lafayett e, ©a Horseback, Medallion*. Elisabeth , Cady Staunton, ,PreUffliilar2;,stj£ljL<>fori Vtj>shiH£ton at Valley.Ponte. Man, Ssgf&sJ&mS* ^d&JLL45aU»i.• Photo¬ graph of Bartlett*a studio? and the painting Mimosa Tree by baiter Griffin. The following resolution was adopted* SUSsOiVBP* That the Director be authorized to purchase one hundred folding chairs, outside the budget, for events in the atrium whenever he deems it necessary. Ho resolution was passed on the possible arrangement respecting The Toledo Museum of Art*s request to collaborate in the Biennial Exhibitions. The Chair stat¬ ed that the Biennial Exhibitions could not be undertaken in cooperation with another institution, feat that the exhibition could be lent to another institution and that a fee could be charged. The followinj resolution was passed: ABSOLVED* That the Director be and is- hereby author iwtd to arrange with Messrs, h'ildrnstein and Company for a Commemorative Centennial Exhibition of Master¬ pieces from the collections of The Corcoran Gallery of Art, including works from the If. A. Clark Collection, to be held at the Wildenatein Galleries in Mew fork as a ben¬ efit for the Gallery’s Purchase of herk* of Art Fuad, subject to Counsel's advice re¬ garding the advisability of temporarily exhibiting works belonging to the Clark Coll¬ ection outside this Gallery, and subject to approval by Mrs. Katherine Morris Hall. The chair reported that the Director had written The Textile Museum of the District of Columbia suggesting that a study be wade of possible arrangements to hou¬ se The Textile Museum in the roeax formerly used by the Red Cross, if such a step would be of mutual advantage. The suggestton is being considered by the Trustees of The Textile Museum. The President reported that The Junior League of Washington had under con¬ sideration a proposal for the establishment of a Junior Museum at this Gallery to be financed by then. The Assistant Treasurer reported on improvements in the Gallery*a fine arts insurance policy coverage which, although the basic premium would remain the same, will result in saving a considerable sum in premiums for insurance on tem¬ porary exhibitions as well as providing other advantages. The report on the change in term* of the contract with the Gallery's Restorer was approved. The following resolution was adoptedt fURSOLVBPi That the director be and is hereby authorised to inform the Institute of Contemporary Arta of the expiration on June 1, 1958, of the present contract and to suggest the details of a new arrangement and to invite the Insti¬ tute of Contemporary Arts to submit any counter proposal. The Director is to keep the President and Mr. Finley informed ©f ail developments. The Chair reported that the Director had not pursued his plana to purchase a watercolor by Charles bemath at an auction sale in Mew Tork since a very handsome watercolor by that artist had been donated by the Honorable Francis Biddle, and so the following resolution was adopteds mmivmt. That the authorization given the Director at the meeting of 38 October 1957 to purchase a watercolor by Charles Demuth at the Parke-Beroet Gal¬ leries be withdrawn. There being no further business, the meeting was adjourned at 12:45 P.M. Respectfuliy submitted, Secretary 6 January, 1958 : - CONFIDENTIAL SUBJECT: AN APPRAISAL OF THE EXISTING STATE OF THE CORCORAN GALLERY OF ART TO: THE BOARD OF TRUSTEES OF THE CORCORAN GALLERY OF ART i’J; - m In presenting this report to the members of the Board, I have taken as my basic premise the supposition that the Gallery should be operated in such fashion as to provide a reasonable standard of quality in all its functions', comparable to those maintained throughout the country by other art institutions of comparable size and importance. That the Gallery has failed to keep pace with its sister institutions during the past quarter century must be recognized. This, in large part, is due to the fact that the majority of other art museums draw financial support from local government which is tied in to the advances in the cost of living. During the past ten years that I have been Director, I believe it is fair 6 been to state that all practical economics have effected in our operating expenses. At the same time a genuine effort has been made to increase salaries without infringing appreciably on the quality of our cultural activities. A reasonably successful attempt has also been made to increase the revenue produced by the Gallery<—'from sales at the front desk, from memberships, from tuitions, from rental fees for traveling exhibitions, as well as from special gifts of money. I doubt that a substantial improvement from these sources is possible within the presently existing organizational framework. In the last years, under the guidance of Mr. Thom and Mr. Fleming and the . other members of the Finance Committee, income from our endowed funds have been substantially increased to the point where major improvement also is unlikely. Yet the fact remains that the income available for annual expenditures rather than becoming more adequate for our legitimate needs is becoming increasingly less than adequate. Steady inflation has more than offset the gains realized. We have an obligation to operate the Gallery on a basis which qualitatively will enable it to hold its own with other institutions of its size. Quantitatively (2) we cannot equal museums of the importance of Boston, New York and Chicago but we should equal museums the size of Richmond, Baltimore, Worcester, Dayton, Indianapolis, in basic salary scales, standards of maintenance and in cultural activities. I believe, therefore, that it is timely to submit for your consideration an estimate of the budget, which, if funds were presently available, I would submit for the consideration of the Treasurer and, if approved, later to the Board. This '’ideal” budget is, in my opinion, scaled to reflect our present needs and no item has been put in which was considered luxurious. The salary scale presented in the "ideal" budget, while higher than that actually in the proposed budget for 1958, is in keeping with salaries paid by other institutions. If they were in effect, the excessive turn- over in personnel now a very real detriment to the Gallery would be reduced to a normal figure. I have also attempted to forcast the future financial needs of the Gallery under the heading "1968 Budget". Admittedly these figures are guesswork in most part, but as the continuing devaluation of the dollar appears reasonable to anticipate, its effect on the Gallery*s future must be taken into our thinking and planning. As you are all so well aware the Gallery budget has been kept in balance up to the present. It can be kept in balance in 1958. But the time seems to be almost at hand when to present a balanced budget it might be necessary to make such drastic economies as to imperil the success of the membership program—on which we are now so largely dependent. I trust that I am not unduly concerned as to the future of the Gallery, but I feel it is incumbent on me as Director to call to your attention a situation which if not met in time might well imperil the future well-being of the Gallery. Respectfully submitted, Director SALARIES (1958) Present Should Be 1968 Administration and Staff -Director 13,500.00 13,500.00 13,500.00 Assistant Director 5,200.00 8,000.00 10,000.00 Assistant to the Director 3,600.00 5,500.00 7,500.00 Assistant Treasurer 5,200.00 8,000.00 10,000.00 Treasurer*s Assistant 3,900.00 5,000.00 6,000.00 Secretary to the Director 3,800.00 4,500.00 5,000.00 Keeper of the Clark Collection 3,400.00 (+ apt.) 5,200.00 (+apt.) 7,000.00 (+ apt.) Membership Secretary 3,200.00 4,500,00 5,000.00 Registrar 2,800.00 5,500.00 6,500.00 Secretary to Assistant Director 2,800.00 4,000.00 4,500.00 Receptionist 2,300.00 3,500.00 4,000.00 ^Restorer 1,704,00 4,000.00 6,000,00 Extra (Membership) 300,00 1,000,00 2,000.00 51,704.00 72,200.00 87,000.00 Superintendent, Workmen and Guards Superintendent 4,100.00 7,000.00 9,000.00 Assistant Superintendent 3,500.00 5,000.00 6,000.00 For ema'n 3,200.00 5,000.00 5,500.00 Sergeant of the Guards 2,500.00 3,500.00 4,500.00 f Workmen (@2,700.00) 18,900.00 (@3,700.00) 25,900.00 (@4,500.00) 31,500.00 4 Guards (@2,000.00) 8,000.00 (@3,200.00) 12,800,00 (@3,700.00) 14,800.00 2 Maids (@1,900.00) 3,800.00 (@3,000.00) 6,000.00 (@3,500.00) 7,000.00 2 Watchmen (@2,000.00) 4,000.00 (@3,200.00) 6,400.00 (@3,700.00) 7,400,00 Guard Relief 600,00 800.00 1,000.00 48,600.00 72,400.00 86,700.00 100,304.00 144,600.00 School 173,700.00 (*should be Principal 4,600.00* 5,000.00* 10,000.00 fulli-time) Administrative Assistant 3,600.00 4,500.00 Secretary(nine months) 6,000.00 1,800.00 3,000.00 Night School Secretary 4,000.00 1,000.00 3,000.00 4,000.00 Store Keeper 640.00* 1,000.00* 1,000.00* Instructor (Archer) 3,000.00* 3,500.00* 4,500.00* Instructor (Warneke) 2,300.00* 2,500.00* 4,000.00* (continued on page two) (1958) Page Two School (continued) Present Should Be 1968 Instructor (E, Walton) 2,000.00* 3,000.00* 4,000.00* Instructor (Sickman) 1,500.00* 2,000.00* 4,000.00* Instructor (Lewis) 1,400.00* 2,000.00* 4,000.00* Instructor (Maurer) 700.00* 1,200.00* 2,000.00* Instructor (W. Walton) 450.00* 500.00* 1,000.00* 15 Saturday Instructors (@240.00) 3,600.00* (@300.00) 4,500.00* (@366.66) 5,500.00* 4 Assistant Instructors (@325.00) 1,300.00* (@375.00) 1,500,00* (@500.00) 2,000.00* (Commercial Art) Models 8,500.00 9,500.00 12,000.00 36,390.00 46,700.00 68,000,00 136,694.00 191,300,00 241,700.00 Pensions 1,560.00 1,560.00 4,000.00/ Social Security 2,000.00 5,000.00 8,220.00 3,560.00 6,560.00 12,220.00 140,254.00 197,860.00 253,920.00 Needed Additional Staff Curator of American Art** ~ Public Relations (part-time) - 5,000.00 Secretary(to do clerical work for the Keeper 6,000.00 of the Clark Collection and Registrar) - 3,500.00 2 Guards _ 4,500.00 (@3,200.00) 6,400.00 2 Workmen „ (@3,700.00) 7,400.00 (@3,700.00) 7,400.00 (@4,500.00) 9,000.00 22,300.00 26,900.00 140,254.00 220,160.00 280,820.00 Operating Expenses 61,976.00 125,100.00 196,750.00 202,230.00 345,260.00 477,570.00 * part-time ** combine with Keeper of the Clark Collection between 1958 and 1968 it is expected that there will be two or more long term employees who will be eligible for retirement. COPY HAMILTON AND HAMILTON UNION TRUST BUILDING WASHINGTON 5, D. C. February 7, 1958 Mr. Hermann Warner Williams, Jr., Director The Corcoran Gallery of Art, Washington 6, D.C. Dear Mr. Williams: With reference to the question you asked as to lending pictures in the Clark Collection to other museums or galleries for exhibition. As you know this matter was consid- ered some time ago and we advised against this practice. How- ever, we have re-examined this question and have come to the conclusion that if proper conditions are met it would be in or» der for you to lend such pictures without doing violence to the terms of Mr. Clark*s Will. The terms of his Will clearly indicate that his chief concern was to establish a collection that would be his collection and that if it came to the Corcoran Gallery the Gal¬ lery was to provide appropriate and suitably lighted galleries for the exclusive occupancy and exhibition of the paintings, which were to be exhibited separately and by themselves and des¬ ignated as the Clark Collection, and permanently maintained as such. He was chiefly concerned in a proper place to show the collection and to preserve the identity of the collection. I do not believe that any of these conditions would be in conflict with the temporary loan of certain of the pictures if all other conditions as to care and safety are com¬ plied with. I do not think that they should ever be loaned for a period in excess of six months, and they should be clearly des¬ ignated as a part of the William A. Clark Collection belonging to the Corcoran Gallery of Art. Please let me know when you hear from Mrs. Hall. Sincerely yours, /signed/ George E. Hamilton GEH/rm cc of copy to H.H., G. L., A.R.F., Vault and Board This page was intentionally removed due to a research restriction on all Corcoran Gallery of Art Development and Membership records. Please contact the Public Services and Instruction Librarian with any questions. -2- INCOME FROM MEMBERSHIP? DUES RENEWALS NEW MEMBERS Number Amount Number Amount TOTAL I & C SUPPORTER 1 11,625.00 $1,625.00 I & C CONTRIBUTOR 6 600.00 3 300.00 900.00 I & C ANNUAL 2 100.00 2 100.00 200.00 I & C ASSOCIATE 6 150.00 1 25.00 175.00 ANNUAL SUSTAINING 12 1,200.00 3 300.00 1,500.00 ANNUAL SUBSCRIBING 3 150.00 i 50.00 200.00 ANNUAL CONTRIBUTING 71 1,775.00 22 550.00 2,325.00 ANNUAL 8 [BI¬ 8,l*65.oo 665 6,65o.OO 15,115.00 ANNUAL STUDENTS 35 175.00 10 5o.oo 225.00 PARKING STUDENTS: @ $25. 35 875.00 ® 10. 2 20.00 @ 15. 1 15.00 932| $111,21*0.00 71*5 $8,935.00 $23,175.00 Bulletin Subscriptions 2 $ 5.00 Sale Concert & Movie tickets 135.50 Donations to Membership Association 1,1*09.16 1,51*9.66 Donations to 12th Annual Total Through Membership ^1*, 7 21*. 66 Area Exhibition 1*35.00 Donations to Art School 2,930.00 Donations to Clark Addition 16,51*0.00 Donation to Clark Works of Art Purchase Fund 2,500.00 Donation to Minnigerode Memorial Endowment Fund 100.00 Donations to Gallery Fund 2,000.00 Donations - Works of Art - Value — 6,755.00 Donation - Landscaping - Value 150.00 Total $56,131*.66 - 3 - Membership Activities in the year 19f?7: CONCERTS h EXHIBITION PREVIEWS 12 FILMS 9 LECTURES 10 RECEPTIONS 3 SYMPOSIUM 1 TEAS 6 Outside Organizations activities admitting our members: CONCERTS 2 FILMS 2 LECTURES 7 POETRY READINGS 3 There were mailed to a list of 20,000 names the Calendar for 19E>7-58 with invitation to join. The Membership Office mailed to all members: Monthly CALENDAR OF EVENTS October - May 7 Notices of Concerts Ij. w Symposium 1 " Lectures 7 Invitations to Receptions 3 " Teas 6 Brochures 3 Annual Report 1 The use of The Gallery outside of Membership activities included: (not including the Institute of Contemporary Arts' programs) Sunday Free Concerts 2 Annual Ball 1 Concert 1 Receptions 2 Teas 2 -Respectfully submitted, 7I G&I Membership Secretary CORCORAN GALLERY OF ART 12th Annual Area Exhibition as of January 20, 1958 RECEIPTS: Sale of Catalogues $599.35 Donations 1*60.00 Entrance Fees i,o3U.5o Total Receipts $2,702.85 DISBURSEMENTS: Installation 159.71 Jury Fees 360.00 Photographing 57.00 Postage lU6.60 Prize Awards 170,00 Purchase of Works of Art 1*00.00 Printing: ItOOO catalogues $808.00 1*500 entrance blanks 205.00 3500 invitations 57.70 1,070.70 Overtime and Social Security 110.27 Entertainment 227.ll* Miscellaneous Expenses 79.19 Total Expense 2,780.61 Excess Disbursements over Receipts $ 77.76 ft rt (P Go crv Jf SALE OF CATALOGUES: 1713 catalogues $ 599.35 Cost of catalogues, lj.,000 808.00 Excess cost 208.65 ' 'iftaAAwu^Con/ 6, Q). HERMANN WARNER WILLIAMS. JR. DIRECTOR AND SECRETARY METROPOLITAN 8-3211 January 27, 1958 The Board of Trustees The Corcoran Gallery of Art Washington 6, D.C. Gentlemen; The Committee on Works of Art and the Art School begs to submit the following report covering the period 1 September through 31 December, 1957: ACCESSIONS Paintings John Bannon Ham Hocks and Sprockets (oil) 57.25 $100.00 Purchase: from the artist; 12TH Annual Area Exhibition Purchase Fund. William Merritt Chase Pewter Pitcher with Grapes (oil) 57.29 756.00*/ Gift of the Honorable and Mrs. Russell E. Train (with permission to sell, and to pur« chase another work in donor*s name). */ appraised value. Eastman Johnson The Earring (oil) 57.21 1,500.00 Purchase: Childs Gallery, from proceeds of objects sold. Gift of Captain Andrew S. Hickey, U.S.N. (ret.) In Memory of Caryl Crawford Hickey. Amalie Rothschild Penelope (oil) 57.27 250.00 Purchase: from the artist; 12TH Annual Area Exhibition Purchase Fund. 2 ACCESSIONS (continued) Watercolors Charles Demuth Circus Rider 57.30 $2,500.00>/ Gift of the Honorable Francis Biddle (to be retained by him and Mrs. Biddle during their life-time) •/ appraised value. Drawings John Chapman Lewis The Gladiator (ink and wash) 57.26 50.00 Purchase: from the artist; 12TH Annual Area Exhibition Purchase Fund. Prints George Bellows Study of Nude (lithograph) 57.23 60.00 Purchase: JR. M. Light and Company, Mary E. Maxwell Fund George Biddle 124 lithographs 57.20.1 « 57.20.124 2,480.00-/ Gift of the artist, •/ appraised value. Leonard Edmondson Escarpment (color etching) 57.19 39.00 Purchase: Print Council of America Mary E. Maxwell Fund. Marsden Hartley Flowers in Goblet #1 (lithograph) 57.24 60.00 Purchase: R. M. Light and Company, Mary E. Maxwell Fund. Edward Hopper Les Deux Pigeons (etching) 57.22 30.00 Purchase: R. M. Light and Company, Mary E. Maxwell Fund. Joseph H. Seymour John Hancock (engraving) 57.18 100.00 Purchase: The Old Print Shop, Mary E. Maxwell Fund. Medals Donald Delue "What Is Man That Thou Art Mindful of Him” (bronze) 57.28 Gift of C. C. Trees (by subscription) » 3 “ LOANS IN * Special Exhibitions * Paintings from the collection of Mr. and Mrs. Anthony T. Wilson, rt tvrc- Bonnard, The Open Door (gouache) Alexander Brooks, Portrait of Mr. Wilson (oil) Edgar Degas, Ballet Dancers (drawing) Edgar Degas, Two Ladies at the Opera (oil) Raoul Dufy, Deauville (watercolor) Raoul Dufy, View through Window (watercolor) Louis Eilshemius, Seascape (oil) John Marin, Seascape (watercolor) Henri Matisse, Lady in Russian Blouse (oil) Pablo Picasso, Girl with Monkey (wash drawing) Dunoyer de Segonzac, Church in Snow (watercolor) Edouard Vuillard, Woman at Breakfast (oil) Edouard Vuillard, Woman in her Yard (oil) Edouard Vuillard, Seated Lady (pastel) * 12TH Annual Area Exhibition (See Catalogue) LOANS OUT * Previously Reported Due Back The White House W. Elmer Schofield, Cliff Shadows, oil. December, 1958 The American Academy of Arts and Letters, New York Thomas Eakins, Pathetic Song, oil. February, 1958 Society of the Four Arts, Palm Beach, Florida Claude Monet, The Poplars, oil. February, 1958 Thomas Jefferson Junior High School George P. A. Healy, Thomas Jefferson, oil. June, 1958 The Brooklyn Museum William John Hubard, John C. Calhoun, oil. January, 1958 Fort Worth Art Center Charles Reiffel, Railroad Yards « Winter Evening, oil. Raphael Soyer, The Waiting Room, oil. March, 1958 William Rockhill Nelson Gallery of Art, Atkins Museum of Fine Arts Randall Davey, The Old Sea Captain, oil. February, 1958 *4 LOANS AUTHORIZED Insurance Valuation Carnegie Institute, Pittsburgh, John Sloan, Yeats at Petitpas, oil. November 15, 1958 « February, 1959 $20,000.00 Denver Art Museum John Elder, Robert E. Lee, oil. 7,500.00 John Elder, T. S. Jackson, oil. 7,500.00 March, 1958 - May, 1958 STUDIO Charles Baskerville of New York occupied the Studio in October. EXHIBITIONS The following exhibitions have been presented since the last report: 1. Work of the Faculty of The Corcoran School of Art (Held in the Art School Gallery) Through October 6, 1957 2. Survey of American Painting (1720^1957) Until April 1, 1958 3. American Still Life Paintings in the Paul Magriel Collection October 2 to November 10, 1957 4. Four Washington Artists: Comes, Costello, Gretschel, McAdams October 9 to November 10, 1957 5. The 12TH Annual Area Exhibition November 23, 1957 until January 5, 1958 6. The Collection of Mr. and Mrs. Anthony Wilson November 26, 1957 until May 31, 1958 7. Christmas Decorations (arranged by The National Capital Garden Club League) December 11 to December 15, 1957 CONCERT SERIES ATTENDANCE The Paganini Quartet December 5th 358 SUNDAY FREE CONCERTS Pro Arte Trio November 17th (of the United States Marine Corp Bank) •* 5 “ SUNDAY FREE CONCERTS (continued) ATTENDANCE Rebecca Spaatz December 1st 200 The Madeira School Choral Group December 8th 275 700 INTERNATIONAL FILM SERIES Topaze October 10th You Can*t Take It With You November 7th Brief Encounter December 12th LECTURE SERIES 'rofessor Emmett L. Bennett, Jr. The Decipherment of Mycenaean Script Presented by The Archaeological Institute of America) October 24th LECTURES BY RICHARD LAHEY In his series, Mr. Lahey presented: Landscapes of France October 22nd Landscapes of America November 5th INSTITUTE OF CONTEMPORARY ARTS ACTIVITIES Exhibitions: Frank Lloyd Wright*s Recent Architecture October 16 through December 8 Christmas Paintings by Area Students December 14 through December 29 Events of the Institue to which Gallery Members were invited: October 4 Reading Richard Eberhart October 9 Experimental Film Jean Cocteau November 6 Lecture Basil Taylor November 19 Lecture Rudd Fleming December 6 Lecture D. W. Brogan (held in the auditorium, Department of Interior) December 16 Lecture Sir Herbert Read (held in the auditorium, Natural History Building) INSTITUTE OF CONTEMPORARY ARTS ACTIVITIES (continued) 6 Events of the Institute to which Gallery Members were not invited: October 23 Recital Paul Olefsky November 4 Lecture Paul Tillich November 21 Recital Albert Fuller November 29 Lecture George Biddle December 13 Recital Russell Woollen December 30 Film Oskar Fischinger SALE OF CONSIGNED WORKS OF ART The three surplus Rembrandt etchings on consignment at Childs Gallery, Boston, listed in the June 1956 report, have not been sold to date. Childs Gal¬ lery has been notified that we wish to have them return the prints, as a sale in the near future seems unlikely. SALE OF WORKS OF ART AT PARKE-BERNET The painting Plage d* Orient by Henri Duvieux, which was passed at the sale of May 18, 1957, was sold at Parke-Bernet Galleries at the sale of October 18-19 for $50.00. This netted the Gallery $39.25, and increased to $2,947.67 the net amount received from sales of surplus works of art at Parke-Bernet in 1957. SALE OF SURPLUS OBJECTS AT SLOAN*S The miscellaneous objects from the Josephine Boardman Crane gift, and other outmoded Gallery property described more fully in the October report, which, on October 4, 1957 were sent to be sold at auction at C. G. Sloan and Company, Inc., Washington, D.C., realized $243.55 gross and $194.84 net for the Gallery. This amount will be credited to the reserve for the purchase of works of art. MAXWELL FUND PURCHASES During the Quarter five prints were purchased with income provided by the Mary E. Maxwell Fund. This expenditure amounted to $289.00, and the prints purchased are listed under Accessions in this report. 7 12TH ANNUAL AREA EXHIBITION PURCHASES Two paintings and a drawing were purchased from the 12th Annual Area Exhibition for a total of $400.00 with the approval of your Committee. These are listed earlier in this report under ACCESSIONS. BIDDLE GIFTS In addition to the Demuth watercolor, Circus Rider, accepted by the Executive Committee at the meeting held on December 18, 1957, and listed under ACCESSIONS in this report, further works of art may be donated to the Gallery from time to time by The Honorable and Mrs. Francis Biddle. Mr. Biddle has also indicated in a letter to the Director that the bulk of their collections would be bequeathed to the Gallery. An appraisal of the Biddle Collections made for the Gallery by Victor Spark, at a cost of $265.00, totaled $53,850.00 for Mr. Biddle*s collection, and $10,150.00 for Mrs. Biddle*s collection, together totaling $64,000.00. LCMENTHAL'-HALPERT COLLECTION Mrs. Edith Gregor Halpert of The Downtown Gallery, New York, indicated recently to the Director that several important collectors of contemporary American painting wish to have these collections located permanently in a New York or Wash** ington museum. The Director pointed out many reasons to Mrs. Halpert and Mr. and Mrs. Milton Lowenthal of New York why the Corcoran Gallery would be a suitable re« pository for these works, and proposed that the Lowenthal"Halpert collections be placed on temporary exhibition at the Gallery from October 7 to November 7, 1958. CENTENARY EXHIBITION No progress on plans has been made EVACUATION PLANS « 8 The Gallery has received a floor plan of the room at Biltmore House, Asheville, North Carolina, recently alloted to The Corcoran Gallery of Art for wartime storage. Methods of installation there are being developed. ACCESSIONING PROGRESS Work on the accession number file has now been carried as far as pos» sible, and it is hoped that the few remaining questions will be cleared up by the time the original manuscript records, discussed below, have been completely examined. The artist card file has been checked against the accession number file, and accession number cards made when they were found to be missing. The next step will be to make artist cards for those found missing in the above cross check. In most cases, these will be items no longer in the Gallery*s possession. A numbered list of books containing original manuscript records of the Gallery has been drawn up. Each book is to be labeled with a number corresponding to tba t on the list, a title, and a brief explanation of the contents, if necessary. As each of these manuscript records is read, all information pertinent to the acces~ sioning project will be noted down so that these books can be marked off the list and need not be referred to again. In this way the artist card file and the access sion sheets will contain all the information from the now diverse records and there will be a check list to show what sources have been exhausted and by whom. KEEPER OF THE CLARK COLLECTION Since French and Company, New York, were unable, owing to heavy previous committments, to undertake the work of cleaning and repairing the French tapestry furniture coverings it was decided to ask the Director of the Textile Museum, Wash« ington, to recommend a local firm. At the latter*s suggestion Neshan Hintlian, Connecticut Avenue, was called in. He has undertaken to do the necessary work, ex« cept for two chairs in bad repair, for $600.00 KEEPER OF THE CLARK COLLECTION (continued) t-* 9 ** Philippe Verdier, Curator of Decorative Arts of the Walters Gallery, Baltimore, internationally known French medievalist, has consented to write an article, which would be published as a Gallery bulletin, on the 13th century stained glass window in the Clark Collection. No authoritative research has here- toforfcbeen done on this important work. A set of permanent file cards, indexed by accession number, has been made for the 795 objects in the Clark Collection. In connection with this work an oak file cabinet of ten drawers, fully suspended, was purchased and placed in the Curatorial Office. The rug collection has been studied with a view to exhibiting several worthwhile examples which are in temporary storage. Special rug platforms will be constructed to show them to advantage. GENERAL GUIDE Work on the projected Guide has continued. RECENT ACCESSIONS BULLETIN Articles on several recent Gallery accessions written by staff members and an article on the recently cleaned and restored Cupid and Psyche by Benjamin West, written by the Gallery Restorer, Mr. Quandt, will be included in a Gallery Bulletin to be published in January, 1958. CONSERVATION REPORT Benjamin West, Cupid and Psyche Losses inpainted with polyvynyl acetate colors, painting surfaced with Lucite 44 (3% beeswax added to inhibit cross*-*linking of resin), card** board backing applied, and painting installed in frame. Two days were spent on photographs and drafting article for Bulletin. 4 Days CONSERVATION REPORT (continued) - 10 - Sir Thomas Lawrence, Portrait of a Young Lady (/Clark Collection 25.108) Painting was infused and mounted on auxiliary canvas, surface varnish and where possible, repaints. Losses were inpainted with pva colors and methacrylate glazes. Initial surface coat was Rembrandt Picture Varnish (Tales & Co.) followed by Lucite 44 with 3% beeswax inhibitor. Backing was applied and painting installed in frame. 9 days Francesco Guardi, Santa Maria della Salute (Clark Collection 26.98) Old lining fabric was removed, painting mounted on new auxiliary support. Old surface varnish and repaints were removed with organic solvents. Small losses inpainted with methacrylate paints. Initial surface coat was Rembrandt Varnish followed by Lucite 44 to which had been added 1% of 2,4 dihydroxybenzophenone as inhibitor. 3 days Jean Baptiste Corot, Landscape (Clark Collection 26.53) Gleaner at Arricia (Clark Collection 26.47) Both paintings were relined, surface varnishes removed, losses (minor ones in both cases), and resurfaced by the same system as used on the Guardi. 8 days Jean Baptiste Corot, The Glade; The Gossips (Clark Collection 26.48) Relining was not necessary but old surface varnish was removed and paint- ing resurfaced as above. 1 day Total time for quarter: 25 days Carry-over: 1 day Time ahead of schedule: 2 days Charge for all Clark paintings during this quarter - $1,000.00 PHOTOGRAPHIC REPORT During the quarter Mr. Amato made 37 negatives and 112 prints for Gallery use and 5 negatives and 110 prints for the Sales Desk. SALES DESK Sales of reporductions, books, catalogues, post cards, slides, etc., totalled $2,587.55, which compared with $2,231.70 received during the same three month period in 1956. 11 “ ATTENDANCE Attendance clocked at the door for October, November, and December was 53,644 as compared to 32,986 during the same period in 1956. The marked increase in attendance is due in part to the Christmas Decor¬ ations which attracted many visitors. However, 1957 October and November attend¬ ance shows definite increase over the same months of the previous year. EDUCATIONAL ACTIVITIES Mrs. Nelson lectured outside the Gallery on November 6th on the Collections of the Corcoran Gallery. She spoke before a group of The American Institute of Mining Engineers. REGISTRATION IN ART SCHOOL December, 1957 December, 1956 Regular Students 185(15 taking 2 classes) 212 George Washington Students 73 68 G. I. Students 37 40 Total 295 320 This shows a drop of 10 students since last report in October 1957. Saturday Classes December, 1957 December, 1956 Saturday classes filled to;o 270 265 capacity — waiting list of over 50. There are no changes in the Faculty. Respectfully submitted K. M. H. D. E. F. 6L / cwccwwn/ r ''ffraAAwtfftcm/ 6, Q). *7^ CORCORAN THOM. JR. TREASURER January 27, 1958 Metropolitan 3211 The Board of Trustees The Corcoran Gallery of Art Washington, D. C. Gentlemen: As Treasurer of The Corcoran Gallery of Art, I have filed with the Director a detailed report covering the financial transactions for the calendar year 1957. This report, as usual, will be submitted to our Auditors. I think it is well to point out certain highlights of my report in this letter and, for your convenience, each of you has been supplied with a copy. You will recall that the Treasurer*s report for the first six months of the year, through June 30, has been approved by the Auditors, whose report was presented to the Trustees at the October meeting. On December 31, 1957, the book value of the investments of the Gallery, including cash awaiting investment of $6,319.11, aggregated $2,148,31*8.93. The indicated income from investments amounts to $118,21443, or a yield of approximately I*.83$ (a gain from h-70% a year ago.) In addition, cash available for expenses amounted to $83,925.23, making a total of $2,532,27^.16 in endowment and operating funds. A summary of investment securities and cash to the credit of the various funds as of December 31, 1957 is given below: Total Cash avail¬ Annual In¬ Investment Cash Awaiting Endowment able for come from Fund Securities Investment Funds Expenses Total Securities Gallery $ $ $35,102.1*8 $ 35,102.1*8* $ Endowment 1,630,10740 3,36847 1,633475.87 1,633,1*75.87# 79,832.79 Clark Addn.Mtce. 1*27,522.1*7 -1,237.71 1*26,281;. 76 16,1*1*2.53 142,727.29 20,35746 Art School 15^,509.23 1,710.99 156,220.22 9,1*08.12 165,628.31*** 7.298.81 Anna E. Clark 10l*, 289.08 293.55 101*, 582.63 1*, 520.63 109,103.26 1*, 827.31 W. A. Clark 106,139.4 1,715.35 107,881*49 6,11*7.06 14,031.55 5.171.81 Mary E. Maxwell U,962.50 1346 1*,975.96 21.56 1*,997.52 137.50 Mem. Assn. End. 4,500.00 1*25.00 4,925.00 4,925.00 618.75 Membership Assn. 11,613.58 11,613.58 Students* Relief 669.27 669.27 Total $2,1*1*2,029.82 $6,319.11 $2,1*1*8,31*8.93 $83,925.23 $2,532,27l*.l6 $118,21443 * Gallery Fund includes $500.00 Petty Cash and $6,021*.30 in the purchase fund for works of art. # Endowment Fund includes $25,201.17 in the reserve for losses in market value of preferred stocks^ and $3,112.50 received from the Red Cross for renovation of space in the basement. **■ Art School Fund includes $6,1*51*.95 in the Eugen Weisz Memorial Scholarship Fund. This page was intentionally removed due to a research restriction on all Corcoran Gallery of Art Development and Membership records. Please contact the Public Services and Instruction Librarian with any questions. - 3 - As of December 31, 1957, the investments of the Gallery were distributed as follows: Real Estate Preferred Common Government Fund Notes Stocks Stocks Securities Cash Total Endowment $ 972,615.39 $223,723.29 $1+33,768.72 $ $3,368.1+7 $1,633,1+75.87 Clark Addn. Mtce. 296,9^8.17 122,57l+.30 8,000.00 -1,237.71 i+26,281+.76 Art School 108,89l+.02 1+3,615.21 2,000.00 1,710.99 156,220.22 Anna E. Clark 71,71+9.03 32,51+0.05 293.55 10l+,582.63 ¥. A. Clark 71+, 881.96 30,757.18 500.00 1,71+5.35 107,881+.1+9 Mary E. Maxwell l+,962.50 13.1+6 1+,975.96 Membership Assn. Endowment ll+,500.00 1+25.00 ll+,925.00 Total $1.539.588.57 $223,723.29 $663,255.1+6 $15,1+62,50 $6,319.11 $2,1+1+8,31+8.93 Without taking into consideration the W. A. Clark Fund and the Anna E. Clark Fund, both of which were established for special purposes, the operating income of the Gallery during 1957, applicable to the budget for that year, amounted to $211,987.68, an excess of $ll+,781+.05 over total budget expenses of $197,203*63, as against an approved budget of $206,1+51 for the year. Therefore, the Gallery stayed within its budget and within its operating income. At the end of the year, we had no outstanding obligations except for ordinary expenses. Following this report, we will review the operations of the budget for 1957, and after that we will present for your approval the budget for 1958. Tour President, the Director, the Treasurer and Mr. Roberts, the Assistant Treasurer, have considered carefully the items in the budget. In view of our limited income, and the lack of sources for additional funds, we feel that every item in it has been kept to a minimum. As Treasurer, it is my recom¬ mendation that the budget for 1958, as it will be presented, should be adopted. The Trust Department of The Riggs National Bank, which acts as our investment counsel, last reviewed our account on November 1+, 1957. At that time they had no recommendation for changes in our investment portfolio. They have forwarded to me copies of Statements of Assets and Values as of November 1+, 1957, and I attach these for the information of the Trustees. I think it must be borne in mind that due to the reduction in interest rates, the values of our preferred stocks have increased substantially since November and, as this report is written, the market in common shares has also stiffened materially, so that total market value would be somewhat in excess of that shown on toe values as of November i+. The Trustees can compare toe market values against the book values listed previously in this letter. The reserve for losses in market value of preferred stocks amounting to $25,201.17 must be taken into consideration, as well. Respectfully submitted, Treasurer This page was intentionally removed due to a research restriction on all Corcoran Gallery of Art Development and Membership records. Please contact the Public Services and Instruction Librarian with any questions. xi/5/57 CORCORAN GALURI OF ART - ENDOWMENT FUND INVESTMENT SUPERVISION SAFEKEEPING #23Ul Assets as of llA/5? Call Slianes Preferred Stocks » Merchandising Rate Price Quote Market Value flRasauaevacjKB: trtMMaHs«sar»*30*iw» 200 Allied Stores $koQ0 100 7k 1/b I iM5o„ 2^0 Hecht Ccsrpanj 3.75 3.03 68 1?*000 o 250 May Department Stores 3.75 103 1/2 71 i^750o $ U?,600. Public Utility xi-.ma.gwBap 500 Pacific Gas & Electric 1.50 NcCo I lit,375. 100 Pacific Telephone & Telegraph 6.00 NeC„ 12*175. 100 Union Electrio Co. of Missouri lio5o no 8*700. 200 Washington Gas Light Uo25 3-05 16,000o | 5^-/250, Other Preferred 100 Atlantic Refining 3.75 101 1/2 $ 7,825. 2.50 General Motors 3.75 3.03 19*375. 200 J©¥®1 Tea Company 3o?5 103 15*200. 2000 Union Pacific Railroad »U0 NaC. 15»250= UJ.,§Bs. Total Preferred $ 153e500O Shares Cowieaoa Stocks ■*> Automotive Quc'te Marks st Vain© 9h5 General Motors 38 1/8 | 36*028, BankingVttaxa&saacaxz^ 530 Bank of America* N.To & S0Ao 32 3A $ 17*357. Ii80 First National City Bank of N0Y< 57 lA 27«U80s Chealoal LMl£ZL 600 Tessas Gulf Sulphur I 10,2OOe 300 Union Carbide 28,125. LUb2&. Corcoran Gallery of Art «=» Endowment Fund invesiiaent Supervision Safekeeping #231*1 »2«= ii/5/S? / Shares Consaon Stocks - Drags Quote Market Value 300 American Horae Products 139 1A $ 1*1,775. Food v 600 Beatrica Foods 31 iA 600 Corn Products Refining 30 3A 1*00 National Dairy Products 35 1/2 200 Sunshine Biscuits 65 1/2 Merchandising 500 Garfinckel & Co* 20 $ lO.OOCo 500 Walgreen Company 28 1/1* 11**1250 250 F* W0 Woolworth 38 1/2 * 33,75°- Metals & Mining 200 Kennecott Copper 85 lA friBBu.'rsfcE.* V?, \ 'jfeiwaaBwtsr*0S0. Natural Gas 500 Lone Star Gas 31 7/8 $ 15*937° 600 United Gas Corporation 29 5/8 —SW* 1 -39.>■ 712 o Petroleum 900 Standard Oil of New Jersey 52 1/8 I 1*6 j. 912 o 1*00 Texas Company 63 25,200o * 72*112o Public Utility 735 Cincinnati Gas & Electric 26 $ i9siio0 1*70 Consumers Power 1*1* 5/8 20*973. 338 Dayton Power & Light la 1/2 11**02? 0 1*1*0 Kansas City Power & Light 35 3/8 !5*565o 350 Southern California Edison 1*6 iA 16*187o 1100 Virginia Electric & Power 22 2k,200o Corcoran Gallery of Art - Endowment Fund Investment Supervision Safekeeping #23l*X cst3 •as* 11/5/5? Shares Common Stocks Telephone Quote Market Value 110 American Telephone & Telegraph !63 7/8 $ 18,026, «a»««»SKr!iw«aBiKwes »Other ammla—tmtum Common —«— 600 Armstrong Cork 22 7/8 | 133725o 300 General Electric 59 17s?00o 200 Owans-Illinois Glass 5ii 1/2 10»900o U&3&, Total Common $ 558t;502o Total Stocks $ 717,002„ Notes Secured fey First Trusts on Heal Estate ~ Current Cash Capital *» Overdraft Corcoran Gallery of Art - Endowment Fund Investment Supervision Safekeeping #23111 CO 11/5/57 BB0APITP1ATI0W $ h9,6OOo Preferred Stocks 2,>9$ Merchandising 5i,2$o. Public Utility 3.0 57065o. Otter Preferred 3 oh Total Preferred 9,3 $ 36^028o Common Stocks « 23$ Automotive iiU,837, Banking 2,6 38,325c Chemicalrs* 2„3 Uls775o Drugs 2„5 6U,500o Food 3,8 33,750* Merchandising 2,,o 17p050o Metals & Mining 1,0 39,712o Natural Gas 2,3 72,132, Petroleum h3 110s062o Public Utility 6,5 18 ,026 c Telephone 1,1 Otter Common 2,5 essi^s*. Total Common 33°0 $ 71?P002e Total Stocks kZ<3% 977,713, Notes 57.7 Cash - Overdraft ‘*5BB»S9««WEfa5*100,05 gb/os H/5/57 CORCORAN GALLERY OF ART ~ CLARK MAINTAINENCE FUI© INVESTMENT SUPERVISION SAFEKEEPING #2342 Assets as of 11/4/57 U»S„ Savings Bond "Q" Yield Quotes Market Value 8?ooo. 3/1/58 2,?0 Par nora. $ 8,,000* to mat. Shares_Common Stocks « Container Quotes Market Value 300 American Can Co* 38 3/4 $ 11„6253 - * Food 182 American Chicle Co. 6l l/4 $ 11,147. 308 General Foods 46 1/4 14/245. 125 Sunshine Biscuits 65 l/2 8,187. $ 33>579. Petroleum 228 Gulf Oil 112 1/2 $ 25*650. 300 Ohio Oil 30 1/4 9*075* $ 34,725.. Public Utility 300 Detroit Edison 37 1/2 $ 11,250. 300 Niagara Mohawk Power 27 7/8 8,362. 158 Ohio Edison 45 3/8 7j>169* 226 Philadelphia Electric 36 8,136. $ 34,917. Telephone 100 American Telephone & Telegraph 163 7/8 $ 16,387. Other Common 200 Hecht Co. 22 1/2 4,500. 285 International Harvester 31 1/4 8,906. $ 13,406. Total Stocks $ 144,639. H/5/57 Corcoran Gallery of Art •» Clark Maintainence Fund inVo Sup, Safekeeping #2342 - 2 - Botes Secured by First Trusts on Real Estate ■» Current $ 295,668, Cash Capital $ 42, $ 448,349. RECAPITULATION $ 8,000, U»8. Savings Bonds '!G" $ 11,625. Common Stocks - Container 2.6$ 33,579. Food 7.5 34,725. Petroleum 7.7 3^,917. Public Utility 7.8 16,387. Telephone 3.7 13,406. Other Common 3.0 144,639. Total Stocks 32.3 295,668. Notes 65.9 __ 42. Cash $ 448,349. 100,0$ rs/as 11/57?? CORCORAN GALLERY OF ART - ART SCHOOL FUND INVESTMENT SUPERVISION SAFEKEEPING #23li3 Assets as of U/l;/5? Uo-So Saviagg Band ffGK Yield Quote Market Value $ 2«,000o 3/l/?8 2o?0 Par* n Shares Common Stocks ~ Natural Gas Quote Market Value 200 Northern Natural Gas ii8 Petroleum 200 Texas Co, 63 Public Utility 2I4O Baltimore Gas & Electric 32 # 7,680o ?00 Northern States Power 1? ?,500o 182 Public Service of Colorado 39 7*098„ $ 22,278o Other Coasaon. 100 Borden Go0 5'6 3A $ ?,675o 62 National lead 9k ?fl828s Uk&k Total Stocks $ S$n98lu Notes Secured by First Trusts on Real Estate » Cxirrent Cash Capital HECAPITIJIATXQN $ 2s000o (JoSo Sa-oings Bond !fG" l„2% $ 9,600„ Common Stocks -» Natural Gas 5*1% 12*600* Petroleum 76 22*278 <, Public Utility 23,2 Othet Common 6e8 &»981o Total Stocks 33 o2 109,996. Notes 65*2 608, Cash Oj. 11/5/57 CORCORAN GALLERY OF ART - ANNA E, CLARK FUND INVESTMENT SUPERVISION -SAFEKEEPING #2344 Assets as of 11/4/57 Shares Common Stocks - Chemical Quotes Iferket Value 35 E. I. DuPont 173 1/4 $_6,063. Container 130 Continental Can 4l 1/8 $ 5,346. Ford l8o National Dairy Products 35 1/2 $ 6,390. Petroleum 200 Phillips Petroleum 37 Public Utility 315 Cincinnati Gas & Electric 26 $ 8,190. l6o Commonwealth Edison 37 5/8 6,020. $ 14,210. Total Stocks $ 39,409. Notes Secured by First Trusts on Real Estate - Cv-rront $ 72,314. Cash Capital - Overdraft $ 271. $ 111,452, RECAPITULATION $ 6,063. Common Stocks - Chemical 5,4$ 5,346. Container 4,8 6,390. Food ' 5,7 7,400. Petroleum 6.6 1.4,210. Public Utility 12,7 $ 39,409. Total Stocks 35.4$ 72,314. Notes Cash - Overdraft £-) 0.3 11/5/57 CORCORAN GALLERY OF ART - W, A. CLARK FUND INVESTMENT SUPERVISION SAFEKEEPING #23^5 Assets as of il/3/57 UoS, Savings Bond nG"___Yield Quotes Eiarket Value $ 500. 3/1/58 2.50 Par nom. $ 500. to mat. Shares___Common Stocks «♦ Chemical Quotes Market Value 35 E. I. DuPont 173 lA $ 6,063. 5I.ec« £q,uip. & Electronics 100 General Electric 59 |_5,900. Food 150 General Foods k6 l/k & 6,937» Merchandising 199 Sears Roebuck 8s Co, 25 1/8 $ ^,999° Petroleum 166 Standard Oil of California hj l/h $ 7,343. Public Utility 200 Cleveland Elec. Illuminating 33 5/8 I 6,725. 2^5 Indianapolis Rover & Light . 27 6,615. $ 13,3*1-0. Total Stocks $ 45,032. Notes Secured By First Trusts on Real Estate - Current $ 75,881. Cash Capital $ 7^5. $ 122,208. 11/5/57 Corcoran Gallery of Art - W» A. Clark Fund 1'nv, Sup . Safekeeping #2345 - 2 - RECAPITULATION $ 50c, U.S. Savings Bond "G" 0.4# ^ 0,063. Cos-nan Stocks - Chemical 5.oj; 5,900. Elec. Equip. & Elec. 4.8 6,937* Food 5.7 4,999. Merchandising 4.1 7,343. Petroleum N 6.4 13,340. Public Utility 10.9 45,891. Total Stocks 36.9 75,881. Notes 62.1 745. Cash 0.6 $ 122,208. 100.0# rs/as ^Ui&^cwxwam/ 'iVaAAwujpfon' 6, Q). (io. HERMANN WARNER WILLIAMS. JR. « DIRECTOR AND SECRETARY METROPOLITAN 8-3211 January 27, 1958 The Board of Trustees The Corcoran Gallery of Art Washington 6, D.C* Gentlemen: The Committee on the Building and Grounds begs to submit the following report covering the period October 1st through December 31st, 1957. The extensive cleaning and painting program initiated during the summer was carried on during the fall. Ranking first in importance was the repainting of the atrium. Further, the Barye corridor which is exposed to a great deal of wear and tear from a constant flow of traffic, was repainted, as was the stair case leading from the corridor to the basement. As usual, work on the installation of special exhibitions demanded considerable effort and time on the part of the maintenance force. Yet, a good part of this work is not of an ephemeral nature but improves the standards of building maintenance. Thus the floors of gallery 30 and the balcony were cleaned, waxed and polished prior to the opening of the exhibitions Four Washington Artists and Christmas Decorations, respectively. In addition, thirty sculpture pedestals and other display material was refinished in preparation for the 12th Annual Area Exhibition, which invariably involves a series of time-consuming tasks. Special projects completed include the con¬ struction of 15 frames for reproductions, and a 16* frame rack made of 3/U" pipe for store room G in the sub-basement. In connection with the new Picture of the Month series organized by the Women1s Committee, an 8,x6’ mobile, free-standing panel was built which will serve as a background for the changing displays. A sudden break-down of the heating plant necessitated the replacements of one intermediate reducing valve, one low-pressure valve, two gauges and three pilot valves by the Government Service Administration at a total cost of $1,205.10 . Because of the unusual amount of rain during December the Mathy Roofing Company had to be called in to adjust several panes of glass in the skylight of the Corcoran wing on the E Street side. Additional repairs are being done to the roof of the Clark wing at the time of this writing and total costs are not yet known, . ■»> On the advice of the Potomac Electric Power Company three space electrical heaters purchased from General Electric Supply Company for $69.73> were installed in the apartment. A considerable saving on steam during fall and spring, when the Gallery is heated only part of the day, should pay for the expense within a relatively short time. The heaters are fed through two new lines which cost a total of $ 44.40 . One of the two stone -urns in front of the main entrance was broken in the late fall and since it could not be matched, two new urns were purchased from the Capital Nurseries for $16.32. Respectfully submitted, F.M.B. R.V.F. K.M.H. 1957“ Budget as 1968 Budget it should be Budget gOMMENTS for 1958 Advertising School 5oo.oo 1,000.00 5,ooo.oo National advertising in magazines of the Art School might produce long-range results - more local news¬ paper advertising might produce more immediate results. Gallery 200.00 3,000.00 10,000.00 More advertising in local newspapers, TV and Radio, public transportation, of membership activities would probably be wise and produce concrete income^, ADT & Elevator Inspection UOO.OO 500.00 700.00 Anticipating a possible increase. Appraisal of Real Estate 50.00 50.00 100.00 Anticipating a possible increase. Auditing 600.00 800.00 1,000.00 Anticipating a possible increase. Electricity i*,600.00 6,5oo.oo 10,000.00 Galleries are lighted only occasionally at present. Should be lighted full-time during open hours. Entertainment by Director 500.00 1,500.00 2,000.00 Like advertising, an increased expenditure for enter¬ tainment, if wisely carried out, might be productive of gifts, bequests of money and works of art. The sum presently allocated is a token, and only by trial could the sum ideal for this purpose be determined. Entertainment by Assistant Director - 500.00 750.00 by Principal of School - 500.00 750.00 Exhibitions - Special 5,000.00 12,000.00 20,000.00 Fees for Special Research 300.00 500.00 5oo.oo This item is desirable but is not an essential. Insurance 7,225.00 8,000.00 10,000.00 It has been the tendency of the various insurances carried by the Gallery to increase and it is reason¬ able to expect this trend to continue. The coverages in effect are believed to be adequate. Our agent ten¬ tatively hazards the guess that premiums will increase by 25$ within the ten year period ahead. Library 1*50.00 500.00 1,000.00 Maintenance supplies and equipment 3,1;00.00 5,000.00 7,000.00 This item is adequate, although it can be anticipated to be subject to an inflationary increase. 1957 Budget as Budget it should be Budget COMMENTS for 1958 Membership Activities (concert s,movie s , t e as , e tc • ) 2 ,500.00 7,500.00 10,000.00 The present amount does not provide enough funds to permit scheduling the calibre of events that is desirable. Office Supplies and 2,900.00 U,000.00 U,500.00 Equipment Pest Control 192.00 200.00 250.00 Photography 350.00 500.00 U,000.00 This present arrangement which provides a staff photo¬ grapher at no cost to the Gallery is a great asset. It would be rash to assume that this situation can be continued indefinitely. It may become necessary to put Mr. Amato on a part-time or full-salary basis at some future time. Or, if he should become incapacitated, it is not likely that he could be replaced except on a full-time salaried basis. Postage 1,500.00 1,750.00 2,000.00 Postal rates are apt to increase. Printing 6,500.00 10,000.00 15,000.00 Printing covers the following publications: Art School Catalogue 1,100.00 adequate Membership literature and Bulletins 3,150.00 inadequate Clark Collection Publications 2,250,00 adequate It is only in the amount allocated to membership that funds are not adequate. Out of this appropriation we print (l) Membership Prospectus (8) Calendar of Events, all invitations, (3) Bulletins (including Annual Report and Area Exhibit Catalogue), Special handbooks (exhibition catalogues are charged as part of exhib¬ ition expenses). We should have funds to print four issues of the Bulletin annually - preferably with the exclusion of the Annual Report. Prize Awards UOO.OO Uoo.oo U00.00 No change. Promotional expenses UOO.OO iiOO.OO This can be eliminated if teacher's salaries are im¬ (Commercial Art) proved. Purchases for Sgle at U,000*00 h,000.00 U,000.00 No change necessary as this is a self-supporting Desk account. 1957 Budget as 1968 Budget it should Budget COMMENTS be for 1958 Repairs and Renovations 5,000.00 15,000.00 25,000.00 The cost of the maintenance and renovation of the physical plant of an old structure is fraught with many uncertainties. In addition to a continuous program of routine refurbishing, there should also be an annual program for more permanent improvements. This with a view towards the complete modernization of the plant within a ten year period. The program would not call for any drastic structural changes. Air-Conditioning - 30,000.00 30,000.00 We suggest setting aside $30,000.00 a year for several years to air-condition the building gradually. Restoration of works of art 3,000.00 5,000.00 10,000,00 Our conservation laboratory and staff are qualitatively on par with the best in the country and indeed in this respect we are superior to many larger institutions. An increase in the cost of the laboratory is to be expected. School final exercises 200.00 300.00 300.00 No comment. Steam 7,500.00 10,000.00 12,000.00 We have no control over the basic governmental changes. These are expected to continue to increase. We cannot decrease our consumption. At present large areas are not heated at all, and even those heated are intentionally not heated sufficiently to save money. Telephone and Telegraph 1,300.00 1,500.00 1,700.00 Traveling Expenses 600.00 1,500.00 2,000.00 The present sum is not adequate for the purpose, despite the fact that travel for the purposes of ar¬ ranging loan exhibitions is charged against exhibitions Uniforms(and cleaning) (purchase and repair) 300.00 500.00 800.00 Miscellaneous expenses 2,100.00 3,000.00 6,000.00 TOTAL: 61,967.00 125,100.00 196,750.00