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FIFTY-FOURTH CONGRESS, 1895-1897. 1755 
would, in his judgment, be of special interest in such connection: Provided, That 
all of the expenses of such participation, and shipment, care of machinery and such 
objects as may be exhibited, to be borne by the exposition company: And provided 
further, That before any such loan shall be made the Secretary of the Smithsonian 
Institution, or proper officer of the Government, shall require and receive a good 
and sufficient bond, by or in behalf of such exposition, for the safe return thereof as 
aforesaid, and to indemnify and save harmless the Government of the United States 
from any liability or expense on account thereof, or on account of this resolution. 
Referred to Committee on Appropriations. 
December 22, 1896—Senate. 
Introduced by Mr. D. B. Hill for Mr. C.S. Brice, as 5. 184. 
~ Referred to Committee on the Library. 
January 20, 1897—Senate. 
Passed joint resolution (5S. 184). 
January 27, 1897—House. 
Referred to Committee on the Library. 
January 25, 1897.—House. 
My. Lemur E. Quice, from Committee on the Library, reported 
S. 184 without amendment. 
Referred to House Calendar. 
SETTLEMENT BETWEEN THE UNITED STATES AND STATE OF ARKANSAS. 
March 30, 1896.—Senate. 
The bill (S. 502), to adjust the settlement between the United States 
and the State of Arkansas under consideration. 
Mr. J. H. Berry. This indebtedness of the State of Arkansas to 
the United States came about in this way: Soon after the admission 
of Arkansas to the Union, in 1836, she, unfortunately for herself, 
passed a law by which she authorized the issuance of $2,000,000 of 
Arkansas bonds, to be loaned toa Real Estate Bank established in that 
State. 
Mr. O. H. Puatrr. What year was that? 
Mr. Berry. The State was admitted in 1836; the legislative act 
authorizing the issuance of these bonds, to be guaranteed by the State 
of Arkansas, was passed in 1837. The bonds were to aid in the estab- 
lishment of what was known as the Real Estate Bank in the State of 
Arkansas. The Government of the United States held at that time 
money which had been received from Mr. Smithson, which had been 
given by him for the establishment of the Smithsonian Institution. 
The Secretary of the Treasury invested that money in bonds of several 
States, including some of the bonds issued by the State of Arkansas to 
the Real Estate Bank. Five hundred and thirty-eight bonds, each for 
the sum of $1,000, were purchased with the Smithson money at, I 
think, 994 cents on the dollar. That money was invested by the Sec- 
retary of the Treasury in those bonds issued by the State of Arkansas 
to aid the Real Estate Bank in that State. 
In addition to that, the Secretary of the Treasury invested $90,000 
