TWENTY -TS'INTH CONGRESS, 1845-1847. 331 



Sec. 11. And he it further enacted, That of any other moneys which have accrued, 

 or shall hereafter accrue, as interest upon the said Smith?onian fund, not herein 

 aj)propriated or not required for the purposes herein provided, the said managers 

 are hereby authorized to make such disposal as they shall deem best suited for the 

 promotion of the purpose of the testator, anything herein contained to the contrary 

 notwithstanding. 



Sec. 12. And be it further enacted, That there is reserved to Congress the right of 

 altering, amending, adding to, or repealing any of the provisions of this act: Pro- 

 vided, That no contract or individual right made or acquired under such provisions 

 shall be thereby divested or impaired. 



Your committee further report that though they do not consider 

 it in strictness a part of their duty to refer to the purchases of stocks 

 which Congress has seen fit to make with the money paid into the 

 Treasury as the Smithsonian fund, yet they have inquired into the 

 present condition of these investments and make the following state- 

 ment in regard to the same, that the House, by its Committee on 

 Ways and Means or otherwise, may, if it see fit, inquire into the expe- 

 diency of adopting measures for the ultimate arrangement of these 

 debts. 



There was invested, as by reference to Tables A, B, and C, in House 

 Doc. No. 142, Twenty-eighth Congress, first session, will more fully 

 appear, upward of half a million in Arkansas bonds; upward of 

 150,000 in Illinois bonds, and a few smaller sums in Ohio, Michigan, 

 and United States stocks. 



On these stocks, up to December 31, 1843, as appears also in the 

 report above referred to, interest was paid except — 



Balance of interest then due and unpaid. 



By the State of— 



Arkansas $75, 687. 84 



Michigan 480. 00 



Illinois ■ 3, 360. 00 



Total interest due and unpaid December 31, 1843 79, 527. 84 



By a statement received by your committee from the Secretary of 

 the Treasury they learn that, since December 31, 1843, there has been 

 carried into the Treasury, on account of interest due by these States, 

 the sum of 119,106.25, and that the entire amount of interest due and 

 unpaid at the close of last year had increased as follows: 



Balance of interest due and unpaid up to December 31, 1846. 



By the State of — 



Arkansas $130, 841. 52 



Illinois - - - 1, 680. 00 



Michigan _ 180. 07 



Total interest on stocks purchased with the Smithsonian fund, 

 due and unpaid December 31, 1845 132, 701. 59 



