TWENTY-NINTH CONGRESS, 1845-47. 455 



was worth. He would saj nothing to the disparagement ot 

 the State of Arkansas, or of the Government of the United 

 States on account of this contract. But if the five hundred 

 thousand dollars in British sovereigns was sent by an agent 

 to the sovereign State of Arkansas, it was a matter of no 

 concern to the Government of the United States whether 

 the money was filched on the way. 



Mr. Yell here asked if the gentleman intimated that the 

 money was misapplied by any agent or agents of the State 

 of Arkansas ? 



Mr. Adams had not said a word (he said) intimating any 

 such thing; He had stated the fact. He repeated that the 

 United States had nothing to do with the concerns of the 

 bank, which the gentleman had said was broken, and upon 

 which fact the gentleman had argued that the State was not 

 bound to pay the money. 



Mr. Adams was very sorry (he said) that this question had 

 been brought on. He had made no reflection on the State 

 of Arkansas, or on the bank, or on the agent. He still 

 expressed the hope that the State of Arkansas, after an 

 appeal to her sense of justice and honor, would pay the 

 principal and interest of the debt as it became due. 



As to the State of Michigan, that portion of the substi- 

 tute which applied to it he should strike out. The State 

 had made a provision for the paj^ment of the money due by 

 her. 



Mr, Andrew Johnson wished to ask one or two questions 

 on this subject of the honorable chairman who reported the 

 bill. 



Was the money appropriated by the bill actually in the 

 Treasury ? 



Mr. Owen said it would take a lawyer to answer such a 

 question. Half of the interest had been paid, and half not, 



Mr. A. Johnson. Then I understand that more than two 

 hundred thousand dollars for the buildings, &c., are to be 

 paid, not out of the funds of the institution, but out of the 

 Treasury. He wished this to be understood by the people. 



Mr. Owen said the gentleman might so consider it; but 

 he did not wish him to construe what he had said into an 

 admission that he [Mr. Johnson] was correct. 



Mr. Andrew Johnson said he would now propose a ques- 

 tion to the learned chairman of the Committee on the Judi- 

 ciary. The first section of the bill proposed to lend money 

 to the Treasury, Suppose we had loaned the fund to the 

 United States Bank, when it was in existence, and the bank 



