Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1854-02-09
PACIFIC rxfLRoAD BILL

great naiionzl work was presented % the Senate
81 she IL instant, BY Senator Foot Of Vermont
eatirea sBIllss incorporate the NaiionsI Pa
rias RE9lFoai Company"
Ash is sonsRhzt lengthy, we have erdsayonr-
eisto enbody iis principal isatures in ss tfief
,yy4AanBrr - practicable.
is ri section rela.es 10 Inc incorporation n he
Caapany. giving ii The right to construct p1ble-
arack re1d1ffom some foins on the Missas'ipPi
river. a ihe western boundary Of Iowa, Mhseufi
ArlEansas. or Texas. through the terrftoryEHf the
u1ii.d States, 70 some point on the Pacing coast
OF eastern boundary or California. lil
sectien second grants the right Of way. eeang
uaifsfm width of eight rods ihrouea iIsEsniire
lsagih. and also % much ofths public domain as
may be found necessary Tor The accommodation Of
depols, stations, fteighI-houses maehine-sbsps,
&r, including the right 10 use the timber, stone.
&c, eosrenien. to The lne fine read, and depos-
ling any waste earth from excavations upon the
adjacent public land.
Section third ixei the capital stock Of said com
pany at seyeny-6ye millions Of dollars, to be in.
creased, II necessary to one hundred and-tveniy.
five 70 be divided into $50 thousand shares Of 100
dollars each.
Scc,ioa fourth names the Board Of Commission
eFs, consisting Of one from each State, Ao~shall
designate the serusini OF he road defae its gene
fai course. procure subscriptions, &C They are
t1 meet il Two months subsequent to tho passage
agiae act, at Washington. Il also empowers he
di5vefnoFs Of States 10 IN any vacancy thai may
iscur This Board consists Of The best buziness
ialtnrof the country, comprising tho very men
vhom we would calculate upon, to carry il sue
cassfaliy On 10 completion. Abbot Lawrence, No
lsrs II. Grinuell, Com. Stockton, Thomas swami,
Win. g. Rires, are among the number.
The 9Th section relates 10 the further orssniza.
iioa ofise Board and The appointment Of Is meet.
fHvs Hs pFesefioes hat il shall, within 81 months
sIier theft first meeting, designate the ielmini Of
lh, roa4 indicate the mountain passes Though
xhlcAdf shall run, and define its general course,
within lie prescribed limits Aforesaid Itauihori-
- shs Board to sp2oin, the Engineers aBl cause
fIeh fdrther Surveys and~examinaiions of the
eouairy as may be deemed necessary in view Of
eaJansrcid and other advantages.
sessien SIKH provides for the Opening Of snb-
sctlPt1sn books for The capital stock of .sid compa
NJ Ten per cent. Of each share Is to be paid at
ihs sat@t, Five pa, cent per annum IL SLOWED
oa the amount Of the several assessmapls upon
tioes fran the tine Of payment, unlil HE road is
rbt p operati9n.
Section sevsn.h provides that when ihe sub.
seiplion shallhave been paid beard Of Director.
shall te e,ecied BY the Stockholders.
Is Section etgh, fixes the compensation ofthe Com
mssioaers at eight dollars per diem, while actual.
Is employed, and twenty cents per mile for irayel
Yf6g rfeases. Il alsost approprates one hundred
and twenty Eve thonsahd dollars TO defray The ex.
prgSps 81 said Board sand the surveys and e1ani
1 nailogs b aforementioned
seofioa ninth and ten1h prbvije for the annual
ctiaa.of Directors their oficeIs, SC, and speei
=. .dsa lheir poEsEs. ihe transfer 81 stock, SC.
Enaiaeets, Agents and other employees Of The road
lhe eealion Of rs ronis 50 as 10 avoid natural o.
siasies4 and also empowers 4he company 10 con
neeisit wi.h ohgr lines Of railroad.
Section twglv.h relates 10 the internal manage
mint q 'ha Tovl, the charges for passengers AM
freight provdiag the rate or three~cents per mil,
as maximum lor the former. Congress reserve.
she tight TO reduce said rates ofiransfer 10 4 sun
yielding net less thantweive-ard half.percen,
upon ne actual capital invested providing. Tia
al any time aleF the expiraion.o Of 50 Years !, M a,
assume entire control Of The road upon pasment o
is eosi, deduciing altadvances made By Govern
M .~'aea remainiug unpaid.
Section Ihirieen,h provides for he carving O
ffeeefchafge, excep, 10 extraordinary eases, when
eaaPepseson is allowed. Hit
Section Fourteenth provides for the commence
lpslt q the work one track 10 be complied and
rflifPei within Eve years, and the other b seven
Ihs company shall report BY its direc,ols, annu-
ally, to The Secretary Of the Interior. Asregnfar
'see9uni &c receipts and disbursements mas, be
kept, The Secretary Ct War is empowetta 10 or.
der 'foaps y PEeicctthe force employed in s Goa
s;raction. sseck properly and effects ofttid CON-
rany are made exempt trota taxation. lsEt
Sseli5a iaeenlh relates 10 the manner IL which
said read shall s. constructed xes si1 fsl as lis
uniform gaagc, and the rails 10 weghipbt less
lhan 80 W. q The linea yard-and 10 Be ii lAmeri-
can s1aAafacinre4 4HTH
Section sixteenth authorizes the appoils teri u
three Government Commissioners, BY afsI Presi-
deat yiththe advice and consent Of thea Senate.
enc d whom must BE- pracIical Erginees.lT Their
= saiafY Il 1xed a. ,hteethousand dolarsF pr an
rnm. Y also defines, il general way, Ae duties
ofihcse Commissioners.
Ssetlsa seventeenth auiherizss and relates 10 he
!sissung e Government certificates II stockto The
amspat &c 70 millions OF dollars. Upor the ex.
psaGiiare Vfiwo millFoas byfhe Company, and sat.
istaeto,g garanlee thereof to The SecreafyOf lie
Treasarg, heis empowered to issue and deliver
ssa millions Ct dollars Of said US sick, and
Uhen they have expended an additional hall mil
lioa wi,h.oae milloa of that advanced by Ire Gov
efHmsnl the U. S. shah issue certificates 10 The
company ter three millions more, ard % en-.
Section eighteen provides that before an eer,ii-
Gags Of goyeransal shall be issued TO said eCmpa-
NJ, mortgage deed Of said railroad, &c., shall
be exeealefby is propes officers, 10 be sled and
recoflsa ia the oitee Of the Department of the
Ia;etiss.
Sscsi5a rineleenlh provides for the construction
ofa NlegrsPh line along The enlire roaEe Of The
roa3 . IL flashed and equipped within idnr years
Rom he pa sage ofthis act. and 10 be considered
vsa pan 81 the said road to be paid forfrog its
finds. The company is 70 have the control Of Ills
slise aatappeiat is operators and other agents -
cbssFamels messages to be transmitted free Of
ehagss
= Sseiisa asealislh, makes this ruslc act, 70 Z
&c asssusl tayarasy and bsnsEciauy iOF 81 the
4 / as2as ~ which L Is created <
= A. FRz1Eafcx SarkTz somnaled on sioa-
car l-t "a HaeAeslyr eaadisate for igA Sheriff cf
krsseiisx seaaiy. sy 1smoerslic Ceaveatir. Mrs.
= popular saE z1a. and Sir. GiLarsSS. lAs preset
wesshs ~ - stsr1. WIN have hhFd ns 10 eca,snd
e4s1:as
- g. iaess shoad cake political asar out of ne
etes e SheFa.iy We eaaaot unrss sOac Of ne
- li~..