Smithsonian Institution, Board of Regents, Minutes, 1852

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Summary

  • Present: Roger B. Taney, James M. Mason, William F. Colcock, James C. Meacham, Joseph G. Totten. Also present: Joseph Henry. The members not present were Walter Lenox, James A. Pearce, Graham N. Fitch, Alexander Dallas Bache, Rufus Choate, Gideon Hawley, Richard Rush, and William C. Preston.
  • The Secretary presented the board with a copy of the will of the late Thomas Wynns of New York, "which contains a contingent devise or legacy to the Smithsonian Institution." The board then resolved that the will be referred to Mr. Mason to "correspond with an agent in New York to ascertain the value of the estate so devised, and whether any and what measures may be necessary to preserve and secure the interests of the institution under the said will." The Secretary informed the board that since the previous meeting he had "taken the certificates of the stock belonging to the institution, amounting to $180,000, form the safety vault of the Secretary of the Senate," and given them to Corcoran and Riggs "on the terms prescribed by the Board at their last meeting."
  • He also stated that the certificates had not yet been finally transferred to the bankers, "but stand in the name of the Chancellor and Secretary as security for the stock itself. On the proceeds of this stock, which at 16 % premium amounts to $208,000, the institution is to receive interest at the rate of 5%" per year." The secretary was requested to obtain from Corcoran & Riggs "a written account" of this agreement. The board then adjourned to Saturday the 14th of February.

Subject

  • Colcock, William Ferguson
  • Mason, James Murray
  • Totten, Joseph Gilbert 1788-1864
  • Taney, Roger Brooke 1777-1864
  • Meacham, James C
  • Wynns, Thomas c. 1791-1851
  • Henry, Joseph 1797-1878
  • Fitch, Graham Newell
  • Lenox, Walter 1817-1874
  • Hawley, Gideon 1785-1870
  • Pearce, James Alfred
  • Bache, A. D (Alexander Dallas) 1806-1867
  • Rush, Richard 1780-1859
  • Preston, William C. 1794-1860
  • Choate, Rufus, 1799-1859
  • Corcoran & Riggs
  • Board of Regents
  • Regents Smithsonian Institution

Category

Smithsonian Legal Documents

Legal document information

  • 1852/01/31 Regents Minutes
  • Board of Regents - Minutes of Meetings, 1846-

Contained within

Smithsonian Institution Archives, Record Unit 1, Board of Regents Vol. 1 (Bound volume)

Contact information

Institutional History Division, Smithsonian Institution Archives, 600 Maryland Avenue, S.W., Washington, D.C. 20024-2520, SIHistory@si.edu

Date

  • 1879
  • January 31, 1852

Topic

  • Interest
  • Investments
  • Stocks
  • Financial policies
  • Bequest
  • Board of Regents
  • Board of Regents--Financial policies

Form/Genre

Board of Regents

Physical description

Number of pages: 2; Page numbers: 77-78

Full Record

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