THIRTY-THIRD CONGRESS, 1853-1855. 491 



D is a statement of the interest which has accrued on the sum of $515,169 under the 

 act of August 10, 1846, all of which has been paid up to the 31st December, 1853, first, 

 for the erection of the building, and, second, for the support of the Institution, in pur- 

 suance of the terms of said act. 



From these statements it appears that the fund which is pledged to reimburse to 

 the Treasury the amount appropriated by the act of August 10, 1846, may be stated 

 as follows: 



1. Stocks on hand of the par value of $720, 661. 64 



2. Balance of cash in the Treasury 18, 646. 83 



3. Balance of interest uncollected 369, 316. 32 



1,108,624.79 



It is estimated that, by authorizing the Secretary of the Treasury to redeem the 

 stocks of the United States held in trust for the Institution at the rates of premium 

 offered for said stocks, and to sell the stocks of the States of Illinois, Ohio, and Michi- 

 gan at their market price, the sum of $199,844 may be realized and applied toward 

 the reimbursement of the said appropriations, and I respectfully recommend that 

 authority may be given to pursue this course. 



I have the honor to be, very respectfully, 



JAMES GUTHRIE, 

 Secretary of the Treasury. 

 Hon. Jos. R. CHANDLER, 



Chairman Select Committee on Smithsonian Fund. 



