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AdamsJQ

1828
 Pres. John Quincy Adams helped Abdul Rahman Ibrahima, a former prince from Timbuktu, gain freedom following 40 years of enslavement on a cotton plantation.
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1829 Jun 27
 James Smithson (b.1765), Englishmen scientist, died. His 1926 will he stated that should his nephew die without heirs, the estate should go to the US of America to found at Washington, under the name of the Smithsonian Institute, an establishment for the increase and diffusion of knowledge among men. In 2003 Nina Burleigh authored "The Stranger and the Statesman: James Smithson, John Quincy Adams and the Making of America's Greatest Museum, The Smithsonian." [see 1836]
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1836
 The US Congress, led by congressman and former president J.Q. Adams, voted to accept the 100,000 gold sovereign donation of Englishman James Smithson and establish the Smithsonian Institution for the increase and diffusion of knowledge among men. The actual Institution was not established until 1846.
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1841 Mar 1
 John Quincy Adams (74), former US president, concluded his defense of "the Mendi people," a group of Africans who had rebelled and killed the crew of the slave ship Amistad, while enroute from Cuba to Haiti. They faced mutiny charges upon landing on Long Island, but Adams won their acquittal before the Supreme Court. In thanks they bestowed to him an 1838 English Bible. In 1996 the Bible was stolen from the Adams National Historic Site in Quincy, Mass.
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1841
 The state of Arkansas, facing financial difficulties, stopped paying interest on a $500,000 investment that was dedicated to finance the Smithsonian Institute. Under pressure from congressman J.Q. Adams, Congress repealed the bill that authorized the Smithson bequest in state bonds and ordered the US Treasury to take over interest payments. The principal was lost, but the interest was enough to endow the institute. From 1841-1842 8 states and the territory of Florida defaulted. This led states to set up strong constitutional barriers to debt accumulation.
Links: USA, Florida, Arkansas, Bankruptcy, AdamsJQ, Banking     Click to see the source(s) for this event 
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