262 CONGRESSIONAL PROCEEDINGS. 



D 44. NORTH AMERICAN TRUST AND BANKING COMPANY, 



No. 47 Wall Street, New York, July 28, 1840. 



SIR: In answer to your letter of the 24th instant, I have to state that this institution 

 will sell to the Department a sufficient amount of the six per cent State stock of 

 Arkansas, at the rate of 70 per cent, to enable you to invest the $15,000 in the Treasury 

 belonging to the Smithsonian fund. 



I am, sir, very respectfully, yours, 



J. D. BEERS, President. 

 Hon. Levi WOODBURY, 



Secretary of the Treasury. 



D 45. PHILADELPHIA, July 28, 1840. 



SIR: I have the honor to acknowledge the receipt of your letter of the 24th inst., 

 in answer to which I have to state that the only State stock I have on hand are 

 Pennsylvania 5 per cents, which I hold at 95, redeemable in 1865, and some Ken- 

 tucky 6 per cents, redeemable in about six years, bearing interest at 6 per cent, prin- 

 cipal and interest payable in Kentucky, which I would sell at 87 per cent. 

 I have the honor to be, very respectfully, 



C. MACALESTER. 

 Hon. LEVI WOODBURY, 



Secretary of the Treasury. 



D 46. TREASURY DEPARTMENT, January 18, 1841. 



SIR: Having about $20,000 to invest for the Smithsonian fund, I request you to 

 inform me if you have any State stocks to dispose of, the amount you have for sale 

 if less than that, the rate of interest they bear and where payable, the State by which 

 issued, and the price you demand. 



Very respectfully, your obedient servant, LEVI WOODBURY, 



Secretary of the Treasury. 

 CHARLES MACALESTER, Esq., Philadelphia. 



Similar letters sent to Messrs. Corcoran & Riggs, Washington; Mr. Charles J. 

 Nourse, Washington; Mr. J. D. Beers, New York; Mr. B. S. Reed, Boston. 



D 47. NEW YORK, January SI, 1841. 



SIR: I have duly received your favor informing me that you have $20,000 to invest 

 in State bonds. I therefore propose to supply you with Arkansas State bonds, such 

 as heretofore sold you, at 80 per cent. The last sale here of Arkansas bonds by the 

 comptroller of this State was on the 2d inst,, at 79 and 80. If this is the best offer 

 I presume you will receive them of me, and I will thank you not to let any know of 

 my offer unless it is accepted. 



I am, respectfully, your obedient servant, 



J. D. BEERS. 

 Hon. LEVI WOODBURY, 



Secretary of the Treasury. 



D 48. PHILADELPHIA, January 22, 1841. 



SIR: I have your letter of the 18th, in answer to which I have the honor to state 

 that I have for sale the sum you require of the following stocks: 



Pennsylvania State fives, redeemable in 1870; price, $89 for each $100, payable at 

 Philadelphia; interest payable 1st of August. 



Ohio State sixes, redeemable in 1860; price, $97.50 for each $100, payable at New 

 York; interest payable January 1 and July 1. 



Kentucky State sixes, redeemable in 1868; price, $95 for each $100, payable at New 

 York; interest payable January 1 and July 1. 



