252 CONGRESSIONAL PROCEEDINGS. 



the debt due to the Government, renders it necessary to dispose of them, even if we 

 have to submit to a loss. I therefore propose to sell you the above bonds at 99. 



I shall esteem it a great favor if you will inform me (directed to this city) when 

 your decision will be made known. My object in making the request is, that I am 

 desirous of returning to Tennessee as soon as possible, and this is the only business 

 that detains me. If you could consistently take these bonds from me immediately, 

 at a price that would be satisfactory to you, it would do me a great favor, and I would 

 bring them to you immediately. 



I have the honor to be, very respectfully, your obedient servant, 



M. WATSON, 



President of the Planters' Bank of Tennessee. 

 Hon. LEVI WOODBURY. 



D 8. NEW YORK, August 8, 1838. 



SIR: We will sell any part of $200,000 Michigan six per cent stock, interest and 

 principal payable here, at par. The interest since the 1st of July to be included. 

 This stock has about twenty years to run, and is in bonds of $1,000 each. 

 Your obedient servants, 



JOHN WARD & Co. 

 Hon. LEVI WOODBURY, 



Secretary of the Treasury. 



D 9. PETERSBURG R. R. Co. OFFICE, August S, 1S38. 



SIR: I have observed in the Globe of the 6th instant your notice of that date 

 relating to an investment "of the money bequeathed by the late James Smithson, 

 esq., of London, in State stocks, bearing interest at the rate of not less than five per 

 cent per annum." 



I beg leave to state that the Petersburg Railroad Company, which I represent, 

 holds one hundred and fifty thousand dollars ($150,000) of stock of the State of Vir- 

 ginia, which bears an interest of five per cent per annum, payable semiannually, in 

 specie or its equivalent, and issued under the authority of the act of the general 

 assembly of Virginia (herein enclosed), which they are willing to sell, and for which 

 they will take par. 



As we are anxious to dispose of this stock soon, either in this country or in Europe, 

 your early decision will oblige us. 



With great respect, sir, your friend and servant, 



CHARLES F. OSBORNE. 



Hon. LEVI WOODBURY, 



Secretary of the Treasury. 



D 10. BANK OF VIRGINIA, August S, 1838. 



SIR: Observing your ' ' notice ' ' in the Globe, inviting proposals from persons who have 

 State stocks to dispose of, I now offer you one hundred and fifty thousand dollars of 

 the stock of the Commonwealth of Virginia, bearing six per cent interest, payable at 

 the treasury of Virginia semiannually (1st July and January) , in specie or its equiv- 

 alent. The stock has twenty years to run from the 23d February last. I will take 

 $105 for every hundred dollars of stock; the interest accruing from the 1st of July to 

 the date of transfer to be allowed by the purchaser. 



I have the honor to be, sir, yours, very respectfully, 



JOHN BROCKEXBROUGH. 



Hon. LEVI WOODBURY. 



D 11. NEW YORK, August 8, 1838. 



DEAR SIR: We noticed your request for the proposal of sale of State stocks bearing 

 5 per cent interest. We renew our offer to sell $105,000 of Louisiana State bonds, 



