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Jun 5 Richard Rush

Jun 5 Smithson Estate Is Transferred to US Agent Richard Rush

 

Jun 5 Smithson Estate Is Transferred to US Agent Richard Rush

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Year: 
1838
Month: 
june
Day: 
5
Date: 
Tue, 1838-06-05
SIA Image reference: 

The James Smithson bequest, having been awarded to the United States by the English Court of Chancery, is transferred to the U.S. agent Richard Rush. Rush sells the bonds and securities from Smithson's estate, converts them into English gold sovereigns, and, on July 17, departs for the US. At the US Mint in Philadelphia, the gold is reminted into American currency, amounting to $508,318.46.