THIRTY-SEVENTH CONGRESS, 1861-63. 681 



Mr. Cox. For tbe information of the gentleman,! would 

 like to correct him in his statement about the Government 

 not being liable to pay this $30,000 interest money. The 

 Government received $500,000 from the Smithson estate, 

 and was unfortunate in the investment of the money. It 

 invested it, I believe, in Arkansas bonds, which pVoved 

 worthless. It received the money, and was accountable for 

 it in all honor. And to carry out the purposes for which 

 the fund was intended, they are bound to pay the interest 

 upon the sum at six per cent., which is yearly due from the 

 United States Treasury. 



Mr. HoLMAN. I asserted that the payment of this $30,000 

 was munificence, and not justice, on the part of the Gov- 

 ernment. I ask the gentleman whether the Government 

 acted, in the acceptance of this trust, in any other capacity 

 than as trustee ; and whether, as such, the money was not 

 invested in good faith ? 



Mr. Cox. I say they did accept the trust, and got the 

 money. 



Mr. HoLMAN. And did not they act in good faith in the 

 investment of it, although it was lost ? 



Mr. Cox. I think they acted with very bad judgment. 



The amendment was agreed to. 



March 12, 1862. — Mr. McPherson introduced a resolution 

 for the appointment of Theo. D. Woolsey, of Connecticut, 

 as regent, in place of C. C. Felton, deceased; referred to 

 Committee on the Library. 



March 14, 1862. — The following appropriation was made: 



" For putting tbe plates of the exploring expedition in order for preser- 

 vation, and transporting them and the other efiects of the expedition, iv 

 "Washington, to be preserved in some of tbe public buildings, or at the 

 Smithsonian Institution, $2,000, to be expended under the Joint Committee 

 on the Library of Congress ; and if any part of this appropriation shall 

 remain unexpended for these purposes, the same may be applied, if neces- 

 sary, to the completion of volume twenty-three of the works of said explor- 

 ing expedition, or to the payment of any arrears of rent, or claims for 

 service, due on account of any of said works." 



March 27, 1802. — Mr. McPuekson asked unanimous con- 

 sent to make a unanimous report from the Committee on 

 Library, on resolution appointing T. D. Woolsey, regent. 



Mr. Washburne. I object. 



Mr. Washburne subsequently withdrew his objection, 

 and it was renewed by Mr. Cox. 



March 28, 1862. — Mr. McPherson reported the above res- 

 olution ; and it was adopted. 



April 17, 1862. — Mr. McPherson, from the Committee on 



