THIRTY-NINTH CONGRESS, 1865-1867. 665 



and no provision having been made in the act of August 10, 1846, estabUshing the 

 Institution, for the disposition of this remainder of the legacy, your memorialists, in 

 behalf of the Board of Regents, now ask that it be added to the original bequest on 

 the same terms, and that the increase which has arisen from interest or otherwise on 

 the sum before mentioned, also in the hands of the Treasury Department of the 

 United States, be transferred to the Board of Regents for assisting to defray the 

 expense of the reconstruction of the building and lor other objects of the Institution. 



And your memorialists would further ask that the Board of Regents be allowed to 

 place in the Treasury of the United States, on the same terms as the original bequest, 

 such sums of money as may accrue from savings of income and from other sources, 

 provided the whole amount thus received into the Treasury shall not exceed 

 $1,000,000. 



The sole object of this request is the permanent investment and perpetual security 

 of the entire Smithsonian bequest and such other sums as may he accumulated from 

 savings of accrued interest, legacies, etc. 



And your memorialists will ever pray, etc. 



S. P. Chase, 



CJiancellor. 

 Joseph Henry, 

 Secretary Smithsonian Institution. 



Resolved, etc., That an application be made 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, the residuary legacy of James Smithson, now in United States bonds 

 in the hands of said Treasurer, namely, $26,210.63, together with such other sums as 

 the Regents may from time to time see fit to deposit, not exceeding, with the original 

 bequest, the sum of $1,000,000; and that the income which has accrued or may accrue 

 from said residuary legacy be applied in the same manner as the interest on the 

 original bequest. 



Mr. J. W. Patterson introduced bill: 



Be it enacted, etc.. That the Secretary of the Treasury be, and he is hereby, author- 

 ized and directed to receive into the Treasury, on the same terms as the original 

 bequest, the residuary legacy of James Smithson, now in United States bonds in the 

 hands of said Secretary, namely, twenty-six thousand two hundred and ten dollars 

 and sixty-three cents, together with such other sums as the Regents may from time 

 to time see tit to deposit, not exceeding, with the original bequest, the sum of one 

 million dollars. 



Sec. 2. And be it further enacted, That the increase which has accrued, or which 

 may hereafter accrue, from said residuary legacy shall be applied by the Board of 

 Regents of the Smithsonian Institution in the same manner as the interest on the 

 original bequest, in accordance with the provisions of the act of August tenth, eighteen 

 hundred and forty-six, establishing said Institution. 



Passed. 



February 1, 1867 — Senate. 



Mr. W. P. Fessenden. There is a little bill on the table (House, 

 February 1, 1867) which has come in from the House that I should 

 like very much to take up and have passed if no Senator has any 

 objection to it, because it is rather necessary that it should be passed 

 at once, if at all. It relates to the funds of the Smithsonian Institu- 

 tion, and the Regents of that Institution are now in session in this city 

 and would like, probably, to take some action under the bill. It is 



