254 CONGRESSIONAL PROCEEDINGS. 



Should the number of proposals, or other reasons, lead you to decline taking the 

 whole of the stock, then such portion of it as you may be willing to take is offered to 

 your acceptance. 



Begging to be apprized of your decision, I have the honor to be your obedient 

 servant, &c. 



WM. H. MACKARLAND, President. 

 Hon. LEVI WOODBURY, 



Secretary of the Treasury. 



D 15. NEW YORK, August 9, 



DEAR SIR: We observe that you advertise for proposals for State stocks to 

 the Smithsonian fund in. We are unable to determine whether the matter will be 

 open for negotiation, or whether you will accept the best offer made under seal. We 

 hold one hundred and seventy thousand dollars five per cent stock of a northern 

 State, which we would like to propose or negotiate for; or, if within the limits of the 

 law directing the disposal of the fund, we would pay interest for the money, and give 

 the stock as collateral. 



If your time will permit, we shall feel obliged by an explanation on these points; 

 and will become applicants for one hundred and seventy thousand dollars of the fund, 

 in the way we think will be most satisfactory to the Government. 

 Respectfully, your obedient servants, 



PARKER & C<>. 

 Hon. LEVI WOODBUKY, Washington, J). C. 



D If). ALBANY, August 9, 1838. 



SIR: I will let you have $33,000 New York State five per cent stock, redeemable in 

 1855, at two per cent premium, and interest from the last dividend say 1st July. 

 The last five per cent stock issued by this State was sold at public auction, in the city 

 of New York, about forty days since, and the highest price bid was one per cent and 

 ffa. Since which I have sold in New York fifty thousand dollars of the same stock 

 offered to you at two per cent advance, being precisely what I offer it to you for. 



Allow me to request an early answer, as I am unwilling, by locking up the stock, 

 to forego the chance of doing as well, or better, should an opportunity present. 

 I have the honor to be, your obedient servant, 



, THOS. W. OLCOTT. 

 Hon. LEVI WOODBUKY, 



Secretary of the Treasury. 



D 17. AUGUST 9, 1838. 



SIR: In the Washington Globe, of date 6th instant, I notice an official invitation to 

 the holders of State stock to make an offer of sale, for the investment of the funds 

 obtained under the Smithsonian bequest. I have one hundred thousand dollars of 

 Indiana internal improvement State stock, payable twenty-five years from 1st July, 

 1838, bearing an interest of five per cent, payable semiannually in the city of New 

 York, which I offer to the Department at 98 cents on the 100 cents of the principal. 

 Your reply, should the offer be accepted, addressed to No. 15 Wall street, New York, 

 will be promptly attended to. 



Should references be required, 1 am personally known to the President. 

 Your obedient servant, 



SIMEON B. JBWITT. 

 Hon. LEVI WOODBURY, 



Secretary of the Treasury. 



