132 SMITHSONIAN BEQUEST. 



Resolved, by the Board of Regents of the Smithsonian Institu- 

 tion, That an application be made to Congress for an act 

 authorizing the Treasurer of the United States to receive 

 into the treasury, on the same terms as the original bequest, 

 the residuary legacy of James Smithson, now in United 

 States bonds in the hands of said Treasurer, namely, $26,- 

 210.63, together with such other sums as the Regents may 

 from time to time see fit to deposit, not exceeding, with the 

 original bequest, the sum of $1,000,000 ; and that the in- 

 come which has accrued or may accrue from said residuary 

 legacy be applied in the same manner as the interest on the 

 original bequest. 



Mr. Patterson stated that in behalf of the committee he 

 had presented the memorial to the House of Representa- 

 tives, with a bill in accordance therewith, which had passed 

 unanimously that day, and been transmitted to the Senate. 



Mr. Trumbull stated that this bill had also unanimously 

 passed the Senate, and only awaited the signature of the 

 President to become a law. 



From Proceedings of the Board of Regents, February 22, 1867. 



The Secretary presented the following copy of the act of 

 Congress relative to the increase of the trust fund, referred 

 to at the last meeting of the Board, and a statement of what 

 had been done in accordance with it : 



An Act authorizing the Secretary of the Treasury to receive into the 

 treasury the residuary legacy of James Smithson, to authorize the Ke- 

 gents of the Smithsonian Institution to apply the income of the said 

 legacy, and for other purposes. 



Be it enacted by the Senate and House of Representatives of the United 

 States of America in Congress assembled, That the Secretary of the Treas- 

 ury be, and he is hereb}^, authorized and directed to receive into the Treas- 

 ury, on the same terms as the original bequest, the residuary legacy of 

 James Smithson, now in United States bonds in the hands of said Secretary, 

 namely, twenty-six thousand two hundred and ten dollars and sixty-three 

 cents, together with such other sums as the Regents may from time to time 

 see fit to deposit, not exceeding with the original bequest the sum of one 

 million dollars. 



Sec. 2. And be it further enacted, That the increase which has accrued, 

 or which may hereafter accrue, from said residuary legacy, shall be applied 

 by the Board of Regents of the Smithsonian Institution in the same man- 

 ner as the interest on the original bequest, in accordance with the provi- 

 sions of the act of August tenth, eighteen hundred and forty-six, establish- 

 ing said Institution. 



Approved February 8, 1867. 



The Secretary stated that in accordance with the direc- 

 tions of the Board of Regents, and the authority conferred 



