“That this Committee is of opinion that the surplus of the Indemnity Fund received from the Chinese under the Convention of 1858, referred to in the Annual Message of President Buchanan to the Second Session of the Thirty-Sixth Congress, and of President Lincoln to the Second Session of the Thirty-Seventh Congress, with the accumulation thereon, _certainly does belong in equity to the Chinese Government_, as the Presidents therein declare, and _should be returned to it_.” The Committee then proceed to say, that, if such surplus shall be declined by China, it should be expended, according to the recommendation of Mr. Burlingame, in founding a literary institution for the equal benefit of Chinese and Americans. Chicago responded to New York. At a meeting of citizens March 31st, another committee was organized, with R. B. Mason, the Mayor, as chairman,--and among the members were William Bross, Lieutenant-Governor of Illinois, Thomas Drummond, Judge of the United States Circuit Court, James E. McLean, Collector of Customs, N. S. Davis, Professor of Surgery in the Medical College, Samuel M. Wiseman, President of the First National Bank, J. C. Burroughs, President of the University of Chicago, and E. D. Haven, President of the Northwestern University, with others,--and adopted resolutions, where, after approving those of New York, they declare,-- “That it seems to us eminently fitting and fortunate that this money, _which distinguished representatives of the United States have asserted belongs in equity to the Chinese Government_, though that government is disposed to waive its right to it, should be employed in some way to the common advantage and honor of both nations.” The committee then proceed to resolve further,-- “That in view of the impression conveyed by Secretary Seward’s Report to the Third Session of the Fortieth Congress, that the Chinese authorities are unwilling to receive this money, this Committee respectfully memorializes Congress to cover it into the United States Treasury as _a special fund, to be returned to the Chinese Treasury_, or hereafter appropriated to the establishment of the proposed institution of learning at Peking, _as the Chinese Government may elect_.”