PROCEEDINGS OF THE REGENTS. 87 



be procured, the Committee on Finance invest said fund, in the name 

 of the Regents of the Smithsonian Institution, in such bonds and 

 jstocks as are mentioned in the following table, and at such rates, in- 

 cluding brokerage, as will not exceed one per cent, above the rates 

 mentioned in said table, viz : 



35,000 Virginia 6 per cent, bonds at 95 cents. 



36,000 Pennsylvania 5 " " at 85 '' 



36,000 Indiana 5 " '' at 85 '' 



36,000 Missouri 6 '' '' at 85 '' 



On motion of Dr. Magruder, the report of the committee was ac- 

 cepted, and the resolutions were adopted. 



The Chancellor appointed Hon, J. A. Pearce, of the Senate, and 

 Hon. H. Warner, of the House of Representatives, a committee to 

 make application to Congress for an act authorizing the receipt of the 

 •extra fund into the treasury of the United States. 



The Board then adjourned to meet at the call of the Secretary. 



WEDNESDAY, July 9, 1856. 



The Board of Regents met this day in the committee room of the 

 Library of Congress. 



Present: Hon. J. A. Pearce, James M. Mason, S. A. Douglas, W. 

 H. English, H. Warner, A. D. Bache, and the Secretary. 



The Secretary stated that Mr. Corcoran had informed him that he 

 could not purchase the stocks directed to be bought by the Board at 

 its last meeting at the prices limited by the resolution of June 18, 

 1856. 



On motion of Dr. Magruder, it was resolved that the Secretary, 

 under the direction of the Committee on Finance, be instructed to 

 purchase the said stocks at the market rate, and if any of said stocks 

 have advanced in price, the Secretary, under the instruction of said 

 committee, may invest in other stocks at discretion. 



The Board then adjourned sine die. 



ELEVENTH ANNUAL SESSION. 



JANUARY 21, 1857. 



In accordance with a resolution of the Board of Regents of the 

 Smithsonian Institution, fixing the time of the beginning of their an- 

 nual meeting on the third Wednesday of January of each year, the 

 Board met this day in the hall of the Institution. 



Present: Hon. J. A. Pearce, Hon. W. H. English, Hon. B. Stan- 

 ton, Professor Bache, and the Secretary. 



No quorum being present, the Board adjourned to meet on Satur- 

 day, January 24, 1857, at 11 o'clock a. m. 



