286 CONGRESSIONAL PROCEEDINGS. 



will submit for my examination the law of the State authorizing the issue 

 of the bonds, and the form of the bonds. If both be satisfactory, I am 

 willing, on the arrival of the money, to take the net amount (which will 

 not be far from half a million of dollars) at the rate offered by you, as it i& 

 the lowest bid. 



It is expected that the money may be by this time in New York. 

 I am, very respectfully, your obedient servant, 



Levi WoODBUftT, Secretary of the Ti-easiiry. 

 W. W. Corcoran, Esq. 



[Enclosure.] 

 This writing is given to show that the interest due on the bonds of the 

 State of Arkan,sas, at this date, bought by me of Wm. Corcoran, Esq., be- 

 longs to said Corcoran when the same is paid to me. 



Levi Woodburv, Secretary of ihc Treasriry. 

 Tbkastjry Departmkkt, September 4, 1838. 



D 31. 



Baltimore, August 29, 1838. 



Sir : Under your notice of the 6th inst., we now propose to furnish you 

 with the amount of stock required for vesting the Smithsonian bequest — 

 say " about half a million of dollars " — in Indiana State stock, at 1 per cent, 

 under the par value, or at the rate of ninety-nine for every one hundred 

 dollars. 



This stock bears an interest of 5 per cent, per annum, and is payable 

 gemi-annually at the Merchants' Bank in the city of Now York. 



If this offer be accepted, the certificates of stock, or bonds, which are 

 now in Europe, will be delivered at the earliest period — say in about fifty 

 days, or sooner if practicable ; payment to be made us upon the delivery of 

 the bonds. 



We have the honor to remain, with the highest respect, your obedient 

 servants. J. I. Cohen & Brothers. 



Hon. Levi Woodbury, Secretary of the Treasury of the U. S. 



D 32. 



The Bank of the State of Missouri, St. Louis, August 31, 1838. 

 Dear Sir : 1 have the honor to refer you to my letter of the 23d inst.y 

 and beg leave now to modify the proposition therein for the sale to you of 

 $114,000 Missouri State b\ per cent, bonds. 



Instead of 2 per cent, premium, I would agree to sell them at par, paya- 

 ble in the city of New York, subject to the restrictions and conditions con- 

 tained in my letter above referred to. 



I have the honor to remain, your obedient servant, 



John Smith, President. 

 Hon. Levi Woodbury, Secretary of the Treasury, Washington City. 



D 33. 



Smyrna, September 10, 1838. 

 Dear Sir : I saw in ihi- Globe your advertising for stocks bearing inter- 

 e.st not less than 5 per cent. I have a certificate of stock on the borough of 

 Wilmington, Delaware, for one thousand dollars, bearing interest at the 

 rate of 5 per cent., which I will sell you at par. There cannot be any safer 

 investment. Please let me hear from you. 



Respectfully, ' J no. S. Lambden. 



Hon. Levi Woodbury. 



