252 CONGRESSIONAL PROCEEDINGS. 



preemption rights, has furnished to those States the means 

 of paying punctually, not only the annual interest, but at 

 the stipulated time the principal itself, of their bonds with- 

 out bearing upon the people of the States for the pressure 

 of a single dollar. 



The third principle proposed to be made by the bill 

 fundamental, for the future management of this fund, is, 

 that no part of the sums appropriated from this fund shall 

 be applied to any institution of education or religious estab- 

 lishment. The reasons for this exclusion have been set 

 forth at large in the document hereto annexed, and which 

 the committee present as a part of their report. The}'' sub- 

 mit especially the argument contained in the report made 

 to this House on the 5th of March, 1840, with confidence 

 in the opinion that the appropriation of any portion of the 

 fund to such institutions or establishments, however merito- 

 rious, could not fail to divert the fund from the real purposes 

 of the testator. 



Annexed hereto are copies of the bonds of the several 

 States, taken under the requirements of the act of Congress 

 of 7th July, 1838, and of the United States, taken by au- 

 thority of the act of 11th September, 1841, with a tabular 

 statement of the present condition of the funds. 



Appendix to report of Mr. Adams : 



UNITED STATES OF AMERICA, 



State of Illinois. 



$1,000.] Interest six per cent. [$1,000. 



CERTIFICATE OF ILLINOIS. 

 No. 299.] ' Internal improvement stock. [No. 299. 



Know all men by these presents, that there is due from the State of Illinois to 

 Thomas Mather, or bearer, one thousand dollars, with interest, at the rate of six 

 per cent, per annum payable half yearly, on the first Mondays of January and 

 July, at the banking house of the Bank of the United States in New York, on 

 presentation and surrender of the annexed warrants. The principal is reim- 

 bursable at the said banking house, at the pleasure of the State, after the first 

 day of January. 1870. 



For the performance of all which the faith of the State of Illinois is irrevoca- 

 bly pledged, agreeably to '• An act to establi.sh and maintain a general system 

 of internal improvements," approved February 27. 1837, and amendments 

 thereto approved March 2, l8-!9. and February 1 and 3, 1840. 



Witness my hand, at Springfield, this 1st day of May. 1840. 



RiCH'D F. Bakret, 

 Jfund Commissioner. 



20 bonds of this description— 6 numbered 261 to 266 inclusive, and the residue 

 numbered 287 to '^H) inclusive. 



UNITED STATES OF AMERICA. 



Statk of Arkansas. 



No. 100.] A. [$1,000. 



Real Estate Bank of the State of Arkansas. 



Under an act of the General As.sembly, entitled " An act to establish the Real 

 Estate Bank of the Stale of Arkansas,'" approved October 26, 1836, and an act 



