, 1862-05-09
THEPACIFIC RAu,ROADBIIL,
Synopsis Of the Measure IS Passed By the
House On Tuesday.

The following Is synopsis Of the Paelic
Railroad and Telegraph bill, passed By tile
House on Tuesday:
Seventy five persons from different sectious
OF the country, (naued in the bi1D with five
commissioners, to be appointed By the Secre-
tasy Of the Interior, and all persons who shall
or may be associated with them, and their sue
eessors, are created into body corpoEate and
politic, by the name, style, and title Of the
Union Pacific Railroad Company. They are
empowered to lay aud locate, construct, fur
n1sh, and maintain continuous railroad, with
the appurtenances, from such points on the
ono hundred and second meridian OF longitude
of Nevada Territory: The eapltal stock Is to
consist Of 10000 shares of$1 ,0C0 each The
right Of way is granted for the construction of
the railroad and telegraph line to the extent
Of 200 feet in width on each side Of the road
The rails, and all other irons used, shall be Of
American manufacture, etc, etc.
Whenever forty consecutive miles Of the
road shall be constructed, patents shall issue
for the 1ands, as well as bonds Of 81 600 each,
payable in thirty years atter date, bearing Six
per centum per annum interest, payable semi
anaually, to the amount Of sixteen of said
bonds Per mile fer each section Of forty miles,
to secure the payment Of which the company
Is to gigca lien upon the road: The GoYe1n-
ment 1t III tines Is to have the preference for
the transportation Of the mails, troops, NUM-
tons Of war, supplies, and public stores, at
fir and reasonable rates Of compensation, not
to exceed the amount paid By private parties
for tho same kind Of service, and all compen~
satipn for services rendered for the Govern
ment shall be applied to the payment Of bonds
and interest until the whole amount is fully
paid. The company may also pay the United
States, wholly OF in part, in the same or other
bonds, treasury notes. OF other evidences Of
aiS aowed Anss It par, % sa and asT ss The 70 roed ID
is completed, until the bonds and interest are
ps{d at least five per cent. Of the net earnings
payment thereof. The company is to locate,
within two years after the passage OF this act,
| the general route. In fixing the points Of
connection Of the main trunk with eastern
connections, 1t shall be fixed at the most
| practicable point for the construction Of the
| Iowa and Missouri branches. The line Of
| railroad end telegraph shall cammence at the
1Qod meridian Of longitude west from Green
| Fich, at the Termination Of the LeayenWorth,
| Pawnce and Western 1nf1road and telegraph
lirc, to connect Herewith, as the act pro-
rides; thence running westerly upon the most
the territory Of the United States to the west
! ern boundary OF Nagada, there to meet and
connect with the line Of the Central Pacific
Railroad Company Of California The bill
also extends aid to other companies on certain
conditions.
| There was no dehate, aud the bill WIS pass.
ed-79 to 10, as follows:
YEAs-Mesera. Aldrieh, Allen, Alley. Arnold
! AEh1ey. Bea1nan, Bidd1e, Bingham, Blair (aio}
Blake, Brown Ca,l. Campbell, Clemens, colfs5
| Corning, Covode. Cutler, Davis, Delaplaiue, Dn
ell, Dunlap, Edgerton, Elliot. Ely, Fenton, Fea
aendrnn Fisher, Eranchot, Frank, Gooeh, Goood
Horton, Hntchins, Julian, Kelly, Kellogg {sfich
kelinger,, Lansing, Leary, Lenman:. Loomis
NOEL. Norton, olIn, Perry; Phelps {Cal,) Price
| Rice :{Maes-,} } Riddle, Rollins {Mo.-} Sergeant
Scdywiek, Stallabargcr, Steele (N.I.,) Stevens
yra;n, TEew15idga. E9; Van Hor9 yeEee' Wallace
Wheeler. .Nhaley, Wilson, Window, Worcester.
NAE-Me=grs. Ancona, Albeit: Bailey (Pa>
Baker. Blair Clrginia], Brown R. ~, Burlington
Calvert, Chanlberlain, Cobb, F. !: Conkling. tox
crayens, Crisdeld Crittenden, Dixon, Dunn, Eu
Elish, Grider, Harden. Harrison, johnson. kello-:
NnR95s> a ka7R soa3 zsT h9vssE os nsk2iT1t 2ab
OdelI. Pike. Porter. Richardson, Robinson
Sharks, Sheffield. Steele. a. J) Thomas (sInsa.
Thomas, tMo:l, Trinb1e: Va1andigham, Voorhees,
WadsMortn, Walton, tVt.), White, Ina), Wick
life, Woodruff.