300 CONGRESSIONAL PROCEEDINGS. 



books, for the periodical publication of said observations, and foi- tho 

 annual composition and publication of a nautical almanac, thirty thousand 

 dollars. 



Of the said fund there shall be reserved in the stock thus invested, the 

 sum of sixty thousand dollars, from the yearly interest of which the com- 

 pensation shall be paid of an astronomical observator, to be appointed by 

 the board of overseers, removable at their discretion, and another to be ap- 

 pointed whenever the said office may be vacant ; and his compensation shall 

 be at the rate of three thousand dollars a year, and six hundred dollars a 

 year shall be reserved for tho incidental and contingent expenses of repairs 

 upon the buildings, as they may be required. 



Also, one hundred and twenty thousand dollars, from the yearly interest 

 of which shall be paid the compensation of four assistants to the astrono- 

 mer, and of laborers necessary for attendance on him, and for the care and 

 preservation of the buildings. The compensation of the four assistants to be 

 at the rate of tifteen hundred dollars a year each ; and the compensation of 

 the laborers not to exceed in amount, for the whole of those found necessary, 

 twelve hundred dollars a year ; the assistants and laborers to be appointed 

 and removable by the said board of trustees, at their discretion. 



Of tho said fund, there shall bo applied to furnish an assortment of the ' 

 best and most perfect instruments for astronomical observation, to be pro- 

 cured under the direction of the astronomical observator, to be appointed 

 conformably to the provisions of this act, twenty thousand dollars. 



And there shall be reserved ten thousand dollars, from the interest of 

 which other instruments may be from time to time procured, as occasions 

 for the use of them may arise, and for the repairs of instruments as needed. 



And there shall be reserved ten thousand dollars applied to the purchase 

 of a library of books of science and literature, for the use of the observa- 

 tory, to be selected by the observator ; and the further sum of twenty 

 thousand dollars reserved, from the interest of which to pay for a supply of 

 new works, transactions of learned societies, and periodical publications 

 upon science in other parts of the world, or in America. 



Of the said fund shall be reserved thirty thousand dollars, from the in- 

 terest of which shall be paid the compensation of the secretary and treasu- 

 rer, and the contingent expenses of the corporation hereby constituted, in- 

 cluding the expense of the yearly publication of the observations made at 

 the observatory, and of a nautical almanac, to be called tho Smithsonian 

 Almanac. 



Sec. 4. And be it further enacted, That all the moneys and stocks which 

 have been, or may hereafter be, received into the Treasury of the United 

 States, on account of tho fund bequeathed by James Smithson, be, and the 

 same are hereby pledged to refund to the Treasury of the United States the 

 sums hereby appropriated. And the Secretary of the Treasury shall cause 

 to bo opened an account, in which the Smithsonian fund shall be charged 

 with the sum of eight hundred thousand dollars hereby appropriated and 

 invested in stocks of the United States, and shall bo credited by the six 

 hundred and forty bonds of the States of Arkansas, Michigan, Illinois, and 

 Ohio, and by all the sums received, or hereafter to be received, for interest 

 on the said bonds, until the final payment of the principal thereof by the 

 said States. And the Secretary of the Treasury is hereby authorized to sell 

 and transfer, at their nominal par value, principal and interest, and not 

 under, any of the said bonds, with the interest due and unpaid on the same, 

 and to credit tho said fund with the proceeds thereof, till the whole turn. 

 hereby appropriated, and all the interest hereafter paid thereon, shall be re- 

 funded to the Treasury of the United States. 



Sec. 5. A7id be it further enacted, That no part of the said Smithsonian 

 fund, principal or interest, shall be applied to any school, college, univer- 

 sity, other institute of education, or ecclesiastical establishment. 



Sec. 6. And be it further enacted, That the observatory provided by tho 

 third section of this act, shall be erected under the direction of the board of 



