, 1866-05-02
Frecdmcn's Bureau Appropria'
| lion and Immigration E,
Bills Passed in
the House.
Amendment Offered TO the Re-
port Of the Reconstruc-
ton Committee.
Bill introduced for Canal Be-
tween the Mississippi and
Lake Michigan.
FINAL PASSAGE OF THE
EAREAS CORPUS BILL.
Further Light in Regard to the
Rebel Cotton Bonds.
TEE SPANISH CHI.
LIAM WAR.
Detailed Account Of the Bom-
bardment Of Valparaiso.
Properly Destroyed Amount
ing 10 $40, ,0000, 600.
LATER FROM EUROPE.
Fears Of the Loss Of the Steam
ship City Of Washington.
The Austro-P Prussian Con-
tr0Versy.
Proposition from Austria for
Mutual Disarmament.
Heavy Bank Failure at
Liverpool
THE DEMOCRACY IN e0HVEH-
TiGk At LOUISVILLE.
Evident Need Of Further Re.
construction.
the DEMOCRACY IN eoHVEN.
TiGk At LOUISVILLE,
Evident Need Of Further Re.
construction.


[0I1cAsdNtttsas
FROM WASHINGTON.
Especial Despatch 10 the Chicago Ttibrnel
WASHINGTON, Nay1 l.
TIE NIAGARA su1P CANAL BILL
The hill TO Incorporate the Niagara Ship Canal |
Company, which passed the House -day. IL for
midable document. OF about thirty large printed |
pager. The co1potatofs are thirty-two IN number.
7he mt section provides That the canal ehall not
be lees Than los feet wide On the surface, and nine
II feet on the BOTTOM with not less than fourteen
feet in deptb Of water With locks not 1ess than e75
fret long, and jostY feet w1de, With inclined
planes Of dimensions sufficient astaly and e1pedi-
touely 10 carry veasels OF not 1eks than t
l zoo tons burden, End for that purpose |
the Prr1ddent shall have power and authority |
appropriate to The use Of tne Uuied States. for
the pr1poec afoscx MD, any ttnd& bighwaye rail-
roads, and streams OF Mater for the construction Of
such canal. with such dams, fixtures, &C., as may
be necessary for fts safe and convenient navigation
&c. Section two Innkef It the d1ty Of the Frtsi-
dent to secure the Fight Of way tor such canal, 10
acquire tile TO fuch 1nnd., and the right 10 cross
snd pass auy highway streams Of water and rail-
roads By agreement purchase, or voluntary ce=sion
done on reasonable ses11s: but II that thAG be /
found 1mpszeticabe, then he ia authorized to take
possession Of them for the Use Of the canal, Sec
tipn4 three, four, 4ve, PIX, and seven pU-
VIDE = manner fer the payment through |
the action Of 4 board Of commissioners OF |
damages for landa, roads. &C., 20 eeized BY order
Of the President Section eight declares That
lho ric md fee to the land spall be and remain IN
be constructed .h.-euu eha1 at Ill tlm1s uu1icc the
.ea.on If n.,ga1lon be kept in repair and be open
10 TIT lree nte Of the United sta'ss 1or mill
1AEJ .ud pnyM prEpoeess oas the corpo-
raiiou md IT. SUCCESSORS shall always
and at al nme., in pezpctutty. hold
ard tp3oy rhe sight 70 enter upon the use, and
occupy and etroy tald land and esez5 ra.t
thereof, tree OF rent or my charge whatever. for
The purpose and ob,rtts therein expressed =.
u. the rights, posrs And privileges -.etu neleos
aha]l be ard he e&1ne hereby arc conferred npon,
RAJ, to sud DC used mud enjoyed By satd company,
upou The terms ma conditions ~ follows, S1x+s
Inst the company shall psF the entire cost OF land
that the construction Of The canal fh&l
beQm within one year. and be finished before Nay
167O; that II shall be Of the eize already epeeaaeo
| 1hat 1t shall be be mfhtHsJ, ntvsl. posns' ana
pubic nIghwsr; that eha 1t tree TOT Inc use ol
he United States fo1 nj puposes; that IT shall At
al tmr* m 1be searo, OF navigation be open 10 The
use md navigation oi a1 rafte. vessels. and lake
s4a,1t passing through sad lakes, engaged In the
commerce theseof; that the company n1J dx
to,h. which ehaN not exceed those OF the WellAnd
Canal. ot 1854; that Fr+sideut MY, Under ee1taln
circumstances, failure OF this company TO Eeep
it, cop,.nct relet The canal to nny other company
Section une provitcs that the cspfa stock OF said
copors,Iop shall II &c 00o, ,0o0, with the right to
ircraae the same toan amount equal to the ActaAl
cost Of construction OF the eanal md shall Be d.
yided tuto thases II {1o0 each, which shaH Be
4eld II not less than one share. OF more than Nv
three. by any one person. Sections 10, II, Il. d.
H. X IT, II, Is and = provide Tor the Organization
. ! and n.uagcmeut Of the company. The atalfe are
I to be .anaced BY eighteen Directors, fasee Of
! | ahom M 10 be appointed BY the Pserfdent ano
: hold Office u his pleasure. Subscription booSs
| are 10 bc opxuea a. chicago, buffalo, 0sweeo
{ | md New York, on Or before the first Of neIt
Auentt. The company mayaccrp: grants ofland and
bopde and mon>y On credit tor use from any State.
, | The Company ma3 borrow uoney to the amount o.
,Ro millions Of dolnss. at 1 ute not exceeding ter
PCT cent, and may itsue 1te 9sporase bonds there
for in denominations Of not u than five hundred
doa,r. and secure the pa5rAut thereof with the
interest that nzy aoee thereof may mortgage III
corporate property. effects and fanchiscf, or COZ
: vey the tame b5 deed Of trnst Il sald purposes
section twenty provides that thesum Of six NIL
ltuus Ct dollars shall loaned by United State
, | to the company md Ns sncees.ort.so 70 sid IN tn
construction Of rald canal, which thaAbe advances
md Maid tn currency bonds Of the Tnied Stale., Il
! .he determination of E1.000 cach+ hyablc i
xxcuy years fton, the ftst day Of September. 1867
nj the office OF the Secretary Of the Trasur,' IN
ocaring currency anterestat the Eate Of t1 pI ".
J. per apnur, payable semrannualty stet1on tNe.
l. ty-one authorizes the delkery to the COMPANY
y. xofo m, in bonds for each three tnn6eo tnousa
{ S.ns-s n~rsrA~a y constructing 1h@ caIA- ee
.@e1fy two provides Tint ten PEI cent on ~
net receipts Of the Comps.4 thau BE- 9csz'J appt.e
Il toxnrd the paymeut OF the loan b the unsti
= states. section twenty.shree provides I
,.y;eioa OF thc rates u toll eve