[211] 30 



for an equal amount of six per cent, stock of the United States, payable. 

 in twenty years, which stock shall also be payable to the Uhancellor of 

 the institution ; which said notes and stock shall be deposited for safe 

 keeping only with the Treasurer of the United States, or such other person 

 as they may deem proper, to be drawn out only upon checks or war- 

 rants signed by the Chancellor, the Secretary, and chairman ol the Exe- 

 cutive Committee. 



The said amendment was read; and the question being put, Will the 

 board agree thereto ? 



It was decided in the affirmative. 



Then the said resolution as amended was agreed to by the board. 



Mr. Owen offered the following resolutions, which were read, consider- 

 ed, and agreed to : 



Resolved, That it is the opinion and intention of the board that, in the 

 appropriation for the objects of the institution of any surplus of accrued 

 interest which may remain after the completion of the buildings of the 

 institution, an equal division shall be made between the two great 

 branches ; that is to say, one-half shall be appropriated to the library and 

 museum fund, and the other half to the fund for original research, publi- 

 cations, and lectures ; and that, in regard to all other funds hereafter to 

 accrue to the institution, the same division be made. 



Resolved, That the building committee be instructed, in the arrange- 

 ment of the buildings, to extend the gallery of art throughout the western 

 range and western wing ; and to arrange two lecture rooms, and no more, 

 in the building. Temporary arrangements shall be made to receive in 

 the west wing of the building the library of the institution until the 

 library proper be completed. 



Mr. Seaton offered the following resolutions, which were read : 



Resolved^ That the building committee invite separate proposals for the 

 principal descriptions of work requisite for the erection of the building, 

 to wit: the masonry, carpentry, plastering, painting and glazing, and 

 enter into contract with different persons for these several branches of 

 work, requiring the proper security from each contractor, so that the re- 

 sponsibility for the erection of the whole building shall not be committed 

 to one person. 



Resolved^ That the building committee invite proposals for the con- 

 struction of the exterior walls of the building of upper Potomac sand- 

 stone, of marble, of granite, and of blue gneiss, respectively, and adopt 

 that one of these four named materials which shall be deemed to com- 

 bine the requisites of cheapness, beauty, and durabihty. 



The question was put, Shall the first of the said resolutions pass? and 

 decided in the negative. 



The question was then put, Shall the second of the said resolutions 

 pass? and decided in the affirmative. 

 On motion of Mr. Hough, 



The Board of Regents proceeded to the consideration of the second of 

 the resolutions of the committee on the plan of the building, submitted 

 on the 20th instant. 



And after debate, the question was put, Shall the resolution pass? and 

 decided in the affirmative. 



The board proceeded to the consideration of the third resolution sub- 

 mitted by the said committee ; and, after debate, the same was agreed to. 



The board adjourned until Saturday, at 10 o'clock. 



