TWENTY-SEVENTH CONGRESS, 1841-1843. 229 



those States the means of paying punctually, not only the annual 

 interest, but at the stipulated time the principal itself, of their bonds 

 without bearing upon the people of the States for the pressure of a 

 single dollar. 



The third principle proposed to be made by the bill fundamental, for 

 the future management of this fund, is that no part of the sums appro- 

 priated from this fund shall be applied to any institution of education 

 or religious establishment. The reasons for this exclusion have been 

 set forth at large in the document hereto annexed, and which the com- 

 mittee present as a part of their report. They submit especially the 

 argument contained in the report made to this House on the 5th of 

 March, 1840, with confidence in the opinion that the appropriation of 

 any portion of the fund to such institutions or establishments, how- 

 ever meritorious, could not fail to divert the fund from the real pur- 

 poses of the testator. 



Annexed hereto are copies of the bonds of the several States, taken 

 under the requirements of the act of Congress of 7th July, 1838, and 

 of the United States, taken by authority of the act of llth September, 

 1841, with a tabular statement of the present condition of the funds. 



Appendix to report of Mr. Adams: 



UNITED STATES OF AMERICA, STATE OF ILLINOIS. 



$1,000.] Interest six per cent, [$1,000. 



CERTIFICATE OF ILLINOIS. 

 No. 299.] Internal improvement stock. [No. 299. 



Know all men by these presents, that there is due from the State of Illinois to 

 Thomas Mather, or bearer, one thousand dollars, with interest, at the rate of six per 

 cent per annum payable half yearly, on the first Mondays of January and July, at 

 the banking house of the Bank of the United States in New York, on presentation 

 and surrender of the annexed warrants. The principal is reimbursable at the said 

 banking house, at the pleasure of the State, after the first day of January, 1870. 



For the performance of all which the faith of the State of Illinois is irrevocably 

 pledged, agreeably to "An act to establish and maintain a general system of internal 

 improvements," approved February 27, 1837, and amendments thereto approved 

 March 2, 1839, and February 1 and 3, 1840. 



Witness my hand, at Springfield, this 1st day of May, 1840. 



RICH'D F. BARRET, 



Fund Commissioner. 



20 bonds of this description 6 numbered 261 to 266 inclusive, and the residue 

 numbered 287 to 300 inclusive. 



