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chapters of the history of the Real Estate Bank, file of which paper 1 presume you keep. They will speak for themselves-in- | sert them The first is dated in February, and the other in June, 1858.

 "OFFIcs OF TIE REAL ESTATE BANK}

 OF THE STATE OF ARKANsAs,

 Little Roek, February 28, ls3s.1 Messrs Thomas T. IVHtioats0m

 and Ambrose .. SeUier:

 GEHTLEmEN-As presiding officer of this institution, on whom has devolVed the duty, jointly with Commitfee appointed by the Central Board, to draw up such instructions as may appear expedient to govern you Tn the progress of your mission to New ork, to negotiate a sale of five hundred thousand dollars worth of Bonds of the State of Arkan- sas, bearing an interest of six per centum, issued to this institution to form part of it's permanent capital, have the honor to com municate the following, as embodying the views and wishes of the Board, and the in- strhctions by which you will, as far as prac- tieable, be governed.

 Mir. Williamson will proceed, with alipos- sibIe despatch, ria New Orleans to Washing ton City, and there join the Hon. A. Il. Se- vier At New Orleans, MT. Williamson will avail himself of the opportunity oi calling on Mr. James Irwin, and other individuals oi that city, eminently connected with the mo- neved transactions of the country, forsuch in- formation touching the objects oi his mission as may be desirable for him to possess.

 IL is not improbable that Alr. Irwin will himself be desirous to purchase the Bonds :; . .la Ia tho auH hIg offers are such as to justify a delay, (and of which Mr. Williamson will be the ludge) ha- ving in view the accomplishment of the ob- ieets so essentially necessary for the inter- ests of the Bank, with regard 10 the supply of specie and eastern credits, he will imme- diately advise inc at Columbia, and measures will be taken to obtain the action of the Gen. tral Beard, to carry contract, with him into ellect without delay. *

 When you have succeeded in making sale of the Bonds, you will, without delay, make such disposition of the funds, by deposite ill some safe Bank, as will enable this institu- ton to realize them on the check of the Cashier. l. is part of our present plan to draw for them, and sell our checks al such points in the west as will enable Us to eX- change our eastern funds at par for specie, and to provide an amount of not less than I two hundred thousand dollars of that kind oi funds for the commencement of our opera tions and if you can, by any opeaEEation of your own, hasten the exchange, you will do so

 In conclusion, will add, that should the aspect of things look gloomy on your =arri- val in New ork, and the prospect for sale doubtful, do not too soon despair, but wait for time to bring about more favorable pc riod. Our wants at home, you are aware, are great, and greater at this time than we shall feel again for years, and It IS with no ordinary feeling of hope and suspense, that ] this whole community will await the result l of your mission. You of course will leave nothing undone to effect its favorable issuea It is necessary, however, that an eye should closely watch the standing, the interest, and the credit of the State, and unless contracts can be made on terms as favorable by the State of Arkansas, as is made with other young States, great care should be taken to frame the contracts for sale oi our Bonds now, in such a manner as will preserve our credit, and not interfere with the sale of onr re- maiaing five per cents, by taking instalments, dividing the profits the exchanges, or so me other method which throw over the transac- ton contingency to protect us. Of these gsthin, however, you must be hejudges-be- ing on the spot, you must necessarily know better than ourselves, and with every conf- dence in your abilities, your prudence and discretion, you are left to follow the dictates of your own judgments, and in all things to act and to do as may seem to you at the time, most meet and proper.

 have the honor, SSc.,

 A. II. DAVIES, President"