TWENTY-NINTH CONGRESS, 1845-47. 365 



these investments, and make the following statement in re- 

 gard to the same, that the House, by its Committee of Ways 

 and Means or otherwise, may, if it see fit, inquire into the 

 expediency of adopting measures for the ultimate arrange 

 ment of these debts. 



There was invested, as by reference to tables A, B, and 

 C, in House document No. 142, 28th Congress, 1st session, 

 will more fully appear, upwards of half a million in Arkan- 

 sas bonds; upwards of $50,000 in Illinois bonds, and a few 

 smaller sums in Ohio, Michigan, and United States stocks. 



On these stocks, up to the 31st December, 1843, as ap- 

 pears also in the report above referred to, interest was paid 

 except 



Balance of interest then due and unpaid, 



By the State of Arkansas $75,687 84 



Michigan ^ 480 00 



Illinois 3,360 00 



Total interest due and unpaid, 31st December, 1843 $79,527 84 



By a statement received by your committee from the Sec- 

 retary of the Treasury, they learn that, since the 31st De- 

 cember, 1843, there has been carried into the Treasury, 

 on account of interest due by these States, the sum of 

 $19,106.25; and that the entire amount of interest due and 

 unpaid, at the close of last year, had increased as follows : 



Balance of interest due and unpaid up to the 31st of December, 1845, viz : 



By the State of Arkansas $130,841 52 



Illinois 1,680 00 



Michigan 180 07 



Total interest on stocks purchased with the Smithsonian fund, 



due and unpaid on the 31st December, 1845 $132,701 59 



What measures, if any, it may be expedient to adopt in 

 regard to the back interest, or to the sale of all or any of 

 these stocks, they have not considered it their province to 

 inquire. 



And your committee recommend to the House the adop- 

 tion of the following resolution : 



Resolved, That this report be printed ; that the substitute herewith re- 

 ported by them be referred to the Committee of the Whole on the state of 

 the Union, and be printed separately in the form of a bill ; and that the 

 same be made the special order of the day for the second Tuesday in April 

 next. 



All which is respectfully submitted. 



ROBERT DALE OWEN, Chairman. 



