TWENTY-EIGHTH CONGRESS, 1843-1845. 251 



])4. XnllrrJ 



The money bequeathed by the late James Smitht^on, eyq., of London, for founding 

 an institute in the city of AVashington, amounting to about half a million of dollar^;, 

 will, it is expected, be received during the present month. By an act passed July 7, 

 1838, the undersigned is directed to invest the same "in stocks of States bearing 

 interest at the rate of not less than five per cent per annum." He is now prepared 

 to receive proposals from persons who have stocks of this description to dispose of. 



Levi Woodbury, Secretary of the Treasury. 



Treasury Department, Anqvxt >!, 18S8. 



I) 5. New York, August 8, 18S8. 



Dear Sir: We discover, by an ofhcial notice from the Treasury Department of the 

 6th instant, that you are directed by an act of Congress, passed July 7, 1838, to invest 

 the money bequeathed by the late James Smithson, of London, for founding an 

 institute in the city of Washington, in the stocks of States bearing interest at the rate 

 of not less than five per cent per annum, and that you are now prepared to receive 

 proposals from persons having stocks of this description to dispose of. 



We take the liberty to inform you that, by virtue of the act of the legislature of 

 the State of Mississippi incorporating the "Mississippi Union Bank," we are charged 

 with the disposal of five millions of the bonds of the State, bearing interest at the 

 rate of five per cent per annum, and payable in twelve and twenty years, and at such 

 place or places as we may designate. And we have now the honor to submit for 

 your consideration a proposition for the sale of an amount of five hundred thousand 

 dollars of those bonds, payable at any place in the United States or in England you 

 may designate, and extinguishable in twelve or twenty years. 



We shall await in this city your answer to this communication. 



With considerations of high respect, your most obedient servants, 



Edward C. Wilkinson. 



J. WiLKIXS. 



Hon. Levi Woodbury. 



D 0. New York, August S, 1838. 



Sir: Noticing the advertisement of the 6th instant for offers of State stocks for the 

 investment of money bequeathed by the late James Smithson, we beg leave to offer 

 sixty thousand dollars Indiana five-per-cent State stock, with the privilege, on receipt 

 of the Secretary's reply, of making the amoimt one hundred thousand dollars, at par, 

 the stock to be delivered, at our option, on or before the 1st November next. 

 Eespectfully, your obedient servants, 



Ogden, Ferguson & Co. 

 Hon. Levi Woodbury, 



Secretary of tlie Treasury, Washington. 



D 7. Philadelphia, August 8, 1838. 



Sir: I have observed your notice inviting proposals for the sale of State stocks. 



I have in my possession $76,250 of the bonds of the State of Tennessee, 5^ per cents, 

 redeemable in 1862 and 1863; the interest payable semiannually, at any point in the 

 United States you may desire, and guaranteed by the Planters' Bank of Tennessee. 



They are the same which I had the honor by letter, some time since, from Nash- 

 ville, to propose to sell you; and again, recently, in person at Washington. 



I am desirous of obtaining par for them, if possible, as they cost that; but havine 

 determined to resume specie payments shortly, and being very desirous of liquidating 



' Published in the Globe newspaper. 



