Mr. Adams then went on to state the proceedings of the Executive relative to the Smithsonian fund. He said that about the 1st of September, 1838, the sum of five hundred and nine thousand dollars had been deposited in the Mint of Philadelphia in gold,--in mint-drops;--a sacred trust, which the United States had accepted, on the pledge of their faith to keep it whole, entire, for the purpose for which it had been given by a foreigner. Within three days the five hundred thousand dollars were on their way to Arkansas to make a bank. The members of the Senate and of the House from Arkansas had a quick scent of these moneys coming into the Treasury; and care had been taken to insert into a bill for a very different object a provision authorizing the President and Secretary of the Treasury to loan to the states that sum of money when it should come into the Treasury. This was three months beforehand; and three days after the money was received the plan was carried into execution. "Now, we had heard," said Mr. Adams, "of British gold carrying the elections, which had resulted, not in favor of the present incumbent of the presidential chair, but against him. There he could put his finger upon five hundred and nine thousand dollars of British gold, which contributed, so far as it could go, to the election of the present executive magistrate; and he thought he had shown the means by which it was done. Go to the State of Arkansas. The dollars are not there, but they _were_ there, and they were sent there from the Mint of the United States. Here was policy--profound policy--economy--democracy; and all this accompanied with so great a horror at the idea of assuming state debts, that the hair of the gentlemen stood on end at the mere mention of the possibility of such a thing. Was not here a debt of the State of Arkansas of half a million of dollars? Had not the general government assumed that debt? Had they not employed trust-money? If Arkansas should declare herself insolvent to-morrow, Congress must pay that debt; they had assumed it."