248 PROCEEDINGS OF THE BOARD OP REGENTS. 



On motion of Mr. Trumbull, it was 



Resolved, That, iu addition to the direction given at the last meeting, the 

 Secretary be instructed to apply to Congress for an act authorizing the Treasurer 

 of the United States to receive into the treasury on the same terms as the 

 original bequest, such sums as the Regents may from time to time see fit to de- 

 posit, not exceeding, with the original bequest, the sum of one million dollars. 



On motion of Mr. Patterson, it was 



Resolved, That, in case the privilege is granted to increase the capital of the 

 Institution, the Executive Committee, with the Chancellor and Secretary, 

 be authorized to dispose of any or all of the stocks now held by the Institution, 

 and to deposit the proceeds in the treasury of the United States. 



General Delafield presented the report of the Building Committee ; which was 

 read and adopted. 



The Secretary presented a number of communications to illustrate the cor- 

 respondence of the Institution. 



The Board then adjourned to meet at the call of the Secretary. 



