278 CONGRESSIONAL PROCEEDINGS. 



D 4. 



* Notice. 



The money bequeathed by the late James Smithson, Esq., of London, for 

 founding an institute in the city of Washington, amounting to about half a 

 million of dollars, will, it is expected, be received during the present month. 

 By an act passed July 7, 1838, the undersigned is directed to invest the 

 same " in stocks of States, bearing interest at the rate of not less than five 

 per cent, per annum." He is now prepared to receive proposals from per- 

 sons who have stocks of this description to dispose of. 



LEVI WOODBURY, Secretary of the Treasury. 



TREASURY DEPARTMENT, August 6, 1838. 



D 5. 



NEW YORK, August 8, 1838. 



DEAR SIR : We discover, by an official notice from the Treasury Depart- 

 ment of the 6th instant, that you are directed by an act of Congress, passed 

 July 7, 1838, to invest the money bequeathed by the late James Smithson, 

 of London, for founding an institute in the city of Washington, in the stocks 

 of States bearing interest at the rate of not less than five per cent, per 

 annum ; and that you are now prepared to receive proposals from persons 

 having stocks of this description to dispose of. 



We take the liberty to inform you that, by virtue of the act of the Leg- 

 islature of the State of Mississippi incorporating the " Mississippi Union 

 Bank," we are charged with the disposal of five millions of the bonds of 

 the State, bearing interest at the rate of five per cent, per annum, and pay- 

 able in twelve and twenty years, and at such place or places as we may 

 designate. And we have now the honor to submit for your consideration 

 a proposition for the sale of an amount of five hundred thousand dollars 

 of those bonds payable at any place in the United States or in England 

 you may designate, and extinguishable in twelve or twenty years. 



We shall await in this city your answer to this communication. 



With considerations of high respect, your most obedient servants, 



EDWARD C. WILKINSON. 

 J. WILKINS. 



Hon. LEVI WOODBURY. 



D 6. 



NEW YORK, August 8, 1838. 



SIR : Noticing the advertisement of the 6th instant for offers of State- 

 stocks for the investment of money bequeathed by the late James Smithson, 

 we beg leave to offer sixty thousand dollars Indiana five per cent. State 

 stock, with the privilege, on receipt of the Secretary's reply, of making the 

 amount one hundred thousand dollars, at par. The stock to be delivered,, 

 at our option, on or before the 1st November next. 

 Kespectfully your obedient servants, 



OGDEN, FERGUSON & Co. 

 Hon. LEVI WOODBURY, Secretary of the Treasury, Washington. 



D 7. 



PHILADELPHIA, August 8, 1838. 



SIR : I have observed your notice inviting proposals for the sale of State 

 stocks. 



I have in my possession $76,250 of the bonds of the State of Tennessee 

 5| per cents., redeemable in 1862 and 1863. The interest payable semi- 



* Published in the Globe newspaper. 



