332 CONGRESSIONAL PROCEEDINGS. 



capital fund would be $550,000, bearing an interest of $33,- 

 000 a year. 



After some conversational discussion on this point, it was 

 agreed to let the proposition go, with the ofl'ered amend- 

 ments, to the committee ; and 



On the motion of Mr. "Woodbury, the bill and amend- 

 ments were recommitted to the Committee on the Library. 



Senate, January 16, 1845. 



Mr. Tappan, from the Committee on the Library, reported 

 the bill (S. JSTo. 18) with an amendment; which was ordered 

 to be printed. 



Senate, January 21, 1845. 



On motion of Mr. Tappan, the previous orders were post- 

 poned, with a view of taking up the bill for the establish- 

 ment of the Smithsonian Institution. 



The bill w^as accordingly taken up for further considera- 

 tion as in Committee of the "Whole, the question being on 

 adopting the substitute reported from the Committee on 

 the Library, to whom had been recommitted the original 

 bill for the purpose of having it remodeled. 



This substitute provides, as the original bill did, for the 

 investment of the principal sum received under the bequest, 

 in the Treasury of the United States, at six per cent, inter- 

 est from the date of its reception ; and for placing at the 

 disposal of the managers the accumulated and accruing 

 interest for the purpose of carrying out the design of the 

 donor — the increase and diffusion of knowledge among 

 men. The outlay of the accumulated interest is to be, as 

 directed in the hrst bill, upon all necessary buildings, en- 

 closures, purchases, and application of the grounds appro- 

 priated out of the property of the United States in the Mall, 

 heretofore described, for the objects of the institution ; the 

 business of the institution to be conducted by a board of 

 managers, consisting of the Vice-President of the United 

 States, the Chief Justice of the Supreme Court, while in 

 office, three members of the Senate, three members of the 

 House of Representatives, and seven other persons, not 

 members of Congress, two of whom shall be members of 

 the National Institute in the city of Washington, and resi- 

 dent in said city ; the other five to be inhabitants of the 

 States, no two from the same State. The three members 

 of the Senate to be appointed by the presiding officer of 

 the Senate ; and the three members of the House by the 

 Speaker of the House. In each House the respective mem- 



