Doc. ISTo. 10. 15 



pose, very large dealers in stock on their own account, as occasion may- 

 serve ; and hence may naturally be supposed to desire sometimes a rise, 

 sometimes a fall, in these ever-fluctuating things. With more than a hun- 

 dred thousand pounds to throw unon the market, I therefore thought it 

 best,, acting on a general rule of prudence in all business, to keep the 

 operation of selling entirely clear of every quarter where any insensible 

 bias might, by possibihty even, exist to a course other than that which 

 would regard alone the Smithsonian fund. 



I design to leave no sale outstanding after the 6th of July. The sub- 

 sequent steps, however, for obtaining the gold, and those necessary in 

 various ways for shipping it, will render it impracticable forme to embark 

 with it in the packet wliicli sails from Portsmouth on the 10th of July, 

 that packet leaving London always on the 7th. But I will follow in 

 the succeeding one of the 20th of July, which leaves this port on the 17th, 

 before which time I trust that every thing will have been fully and satis- 

 factorily closed, as far as the trust can be closed here. 



I have tlie honor to remain, with great respect, vour obedient servant, 



RICHARD RUSH. 



The Hon. John Forsyth, 



Secretary of State. ' 



No. 2S. 



London, June 26, 1S38. 



Siu : Since my No. 27, the sales of the stock have been going on 

 from time to time, and at length are finally closed. 



They have all been good— perhaps I may say fortunate. The prices 

 have been high, as compared with the state of the stock market for sev- 

 eral years past ; and I am confidently informed that, from the time the stock 

 came under my control until I sold it all, no higher prices were obtained 

 by any private seller than I obtained. 



The whole of the reduced three per cent, annuities (£12,000) sold at 

 94. This description of stock is never as high as consols, but 94 is repu- 

 ted nearly, if not quite, as good a price, in proportion to its general value 

 in the English stock market, as the 95 g I obtained for the consols. 



Of the bank stock unsold at the date of my last, (viz : £8,100,) I obtain- 

 ed 205 for £5,000, and 205^ for the remaining £3,100. Both these 

 prices, it will be perceived, are higher than the former ones I obtained for 

 this stock. 



The entire amount of sales has more than realized the anticipations 

 held out in my No. 27, having yielded an aggregate of rather more 

 than one hundred and five thousand pounds, as will be seen when I come 

 to render a more particular statement. The two days on which I am to 

 make all the transfers are the 30th of this month and 6th of July. The 

 money will all be received simultaneously. 



Lnmediately afterwards I shall take measures for converting the whole 

 into English gold coin, having finally determined that this is the proper 

 mode in which to bring the money to the United States, under the trust I 

 have in hand. It appears to me the right course in itself, independent of 

 any question of exchange, considering the peculiar object and terms of 



