FIFTY-FIFTH CONGRESS, 1897-1899. 1779 
The PresmpENT pro tempore (Mr. Jacop H. GALurncER). Is there 
objection to the present consideration of the joint resolution 4 
There being no objection, the joint resolution (H. 338) was considered 
as in Committee of the Whole, and reported to the Senate without 
amendment. 
Passed. 
January 24, 1899. 
Resolved, ete., That the vacancy in the Board of Regents of the 
Smithsonian Institution, of the class other than members of Congress, 
shall be filled by the reappointment of James B. Angell, a resident of 
Michigan, whose term of office expires on January 19, 1899. 
(Stat., XXX, 1387.) 
SETTLEMENT BETWEEN THE UNITED STATES AND STATE OF ARKANSAS. 
_ March 15, 1897—House. 
Mr. Tuomas C. McRax introduced bill (H. 51), for compromise and 
settlement between the United States and the State of Ar kansas. 
Referred to Committee on Public Lands. 
March 16, 1897—Senate. 
Mr. J. H. Berry introduced bill (S. 3). Same as H. 51, introduced 
on March 15, 1897. 
Referred to Committee on Public Lands. 
March 22, 1897—Senate. 
Mr. J. H. Berry, from Coe ee on Public Lands, submitted 
report (5. 2) on bill (S. 3). 
March 29, 1897—Senate. 
Passed. 
March 31, 1897—House. 
Bill (S. 3) for compromise and settlement between the United States 
and State of Arkansas referred to Committee on Public Lands. 
April 14, 1898—House. 
Mr. J. F. Lacry. In 1836 the State of Arkansas issued its bonds 
to the Real Estate Bank of that State. Those bonds were issued 
in order to expand the currency and give to the people ‘‘a sufli- 
cient volume of currency to transact the business of the country 
without the aid or consent of any other State or nation on earth.” 
That proposition in 1836 was enacted into law and followed by the 
issuance of $2,000,000 of bonds to this Real Estate Bank. Five htin- 
dred thousand and some odd dollars of those bonds ultimately passed 
into the funds of the Smithsonian Institution and $90,000 into the 
Cherokee [Chickasaw] trust fund. Afterwards those bonds were not 
paid. Their interest was not paid. The Government of the United 
States assumed the indebtedness and paid into the Treasury for the 
use of these two funds its own bonds for a like amount, thus assuming 
to control in the Treasury the Arkansas bonds. 
