TWENTY-EIGHTH CONGRESS, 1843-1845. 253 



interest payable semiannually, 1st January and July, at the Mechanics' Bank, New 

 York. These bonds are in London. We will sell them at $98 for $100, you to allow 

 the interest that may accrue on the day of delivery. They will be received here in 

 60 days. 



We wish to be favored with an answer, that we may write to London by the 

 steamer Great Western. You have been furnished by us with the law, &c. 



Very respectfully, 



S. & M. Allen. 

 Hon. Levi Woodbury, 



Secretary of the Treasury. 



D 12. Second Auditor's Office, 



Richmond, August 9, 1838. 

 Sir: The attention of the board of pulilic works of Virginia having been attracted 

 to your notice respecting the investment of the money received for the Smithsonian 

 legacy, inserted in to-day's papers of this city, I have been instructed to make the 

 following proposals in their behalf: 



1. They will give five per cent stock of the Commonwealth of Virginia, at par, for 

 the whole amount of the legacy, provided it does not much exceed half a million 

 of dollars; or, 



2. They will give for part of said legacy two hundred and fifty thousand dollars 

 ($250,000) of six per cent, stock, at the rate of one hundred dollars in stock for one 

 hundred and five dollars in money. 



The interest on the stock will be paid semiannually at the treasury of the Com- 

 monwealth. It is irredeemable for' twenty years, and redeemable afterwards at the 

 pleasure of the general assembly; and the pledges and securities for the payment of 

 the interest, and the ultimate redemption of the principal, are of the most ample 

 character. 

 Should you desire more specific information, it will be promptly furnished. 

 I have the honor to be, sir, your obedient servant, 



J. Brown, Jr., Second Auditor. 

 Hon. Levi Woodbury, 



Secretary of the Treasury. 



D 13. Portsmouth, Virginia, August 9, 1838. 



Sir: I have at my disposal seventy-three thousand dollars of five per cent Vir- 

 ginia State stock, irredeemable for twenty years from the 18th June, 1838, and after- 

 wards to be redeemed at the pleasure of the general assembly of Virginia. The 

 interest payable at the treasury of the State on the 1st January and July in each 

 year. I offer it (or any portion of it) to you at par. An early answer is desired. 

 Respectfully, &c., 



Wm. H. Wilson. 

 Hon. Levi Woodbury, 



Secretary of the Treasury. 



D 14. Farmers' Bank of Virginia, 



Richmond, August 9, 1838. 



Sir: I observe by your public notice that you are prepared to receive proposals, 

 under the act of the 7th July, authorizing the investment of the money bequeathed 

 l)y James Smithson, esq., "in stocks of the States bearing an interest at the rate of 

 not less than five per cent per annum." 



I have the honor to propose to your acceptance, under the act, one hundred and 

 fifty thousand dollars of the stock of the Commonwealth of Virginia, bearing an inter- 

 est of five per cent, payable semiannually, and the principal redeemable at the end 

 of twenty years from the 18th June last. This I offer at par. 



