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CONGRESSIONAL PROCEEDINGS. 



September 9, 1841. 



Report of T. Swing, Secretary of Treasury. 

 State stocks held by the Treasury Department, in trust for the Smithsonian Institution. 



September 9, 1841 House. 



On motion of Mr. J. Q. ADAMS, the House took up the bill providing 

 for the repeal of so much of the sixth section of the Military Academy 

 act of 1838, as provides for the investment of the Smithsonian funds 

 in State stocks; and the Senate amendments thereto were amended in 

 several respects, and the bill was returned to the Senate. 



September 10, 1841 House. 



The House considered the message from the Senate in relation to the 

 amendments of the House to the amendment of the Senate to the bill 

 H. 34, when it was 



Resolved, That this House concur in the amendment of the Senate 

 to the first amendment of this House to the amendment of the Senate 

 to said bill, and recede from their second amendment to the amendment 

 of the Senate to said bill, and that the bill do pass accordingly. 

 September 11, 1841. 



Be it enacted, etc., That so much of the sixth section of an act 

 entitled "An act to provide for the support of the Military Academy 

 of the United States for the year 1838, and for other purposes," as 

 requires the Secretary of the Treasury to invest the annual interest 

 accruing on the investment of the money arising from the bequest 

 of the late James Smithson, of London, in the stocks of States, be, 

 and the same is hereby, repealed. And the Secretary of the Treasury 

 shall, until Congress shall appropriate said accruing interest to the 

 purposes prescribed by the testator for the increase and diffusion of 

 knowledge among men, invest said accruing interest in any stock of 

 the United States, bearing a rate of interest not less than five per 

 centum per annum. 



SEC. 2. And be it further enacted, That all other funds held in trust 

 by the United States, and the annual interest accruing thereon, when 



