130 MITH80NIAN BEQUEST. 



quest of Smithson is still uncliminished in the Treasury of 

 the United States. 



The Chancellor recommended that the sum thus added 

 to the money now in the Treasury of the United States 

 should be sufficient to make up the amount to 550,000. 



On motion of Mr. Wallach, it was 



Resoked, That the Secretary he directed to apply to Con- 

 gress for an act by which the residuary legacy of James 

 Smithson, now -in the possession of the Secretary of the 

 Treasury, amounting to $26,210 63, be added to the sum 

 originally received ; and that also from the income of the 

 above-mentioned residuary legacy the further sum of 

 $8,620 87 be added, making the total amount deposited in 

 the Treasury of the United States $550,000 as the trust 

 fund, the interest on which alone is to be applied to the 

 maintenance and uses of the Institution; and further, that 

 the Regents be authorized to apply the remainder of the 

 income'of the residuary legacy to the current expenses of 

 the Institution and the reconstruction of the building. 



From Proceedings of the Board of Regents, January 28, 1867. 



On motion of Mr. Wallach, the following resolution was 

 adopted : 



Resolved, That a committee of three be appointed to pre- 

 sent a memorial to Congress in behalf of the Board of 

 Regents, requesting the passage of an act authorizing the 

 Treasurer of the United States to receive into the treasury, 

 on the same terms as the original bequest, the residuary 

 legacy of James Smithson, now in United States bonds in 

 the hands of said Treasurer, namely, $26,210.63, together 

 with such other sums as the Regents may from time to time 

 see fit to deposit, not exceeding, with the original bequest, 

 the sum of one million dollars ; and that the income which 

 has accrued or which may accrue from said residuary legacy 

 be applied in the same manner as the interest on the origi- 

 nal bequest. 



The Chancellor appointed Messrs. Davis, Patterson, and 

 Gurfield as the committee. 



From Proceedings of the Board of Regents, February 1, 1867. 



The Secretary presented the following memorial which 

 had been offered to Congress by the special committee: 



