The New York herald., 1869-01-20

with the object Of framing bni for the more effect
i've management OF the paper issues Of the Treasury.
The committee viii meet every day during the week
for further business.
The Mississippl Rcpublican Delegation.
The Mississippi republican delegation called on
General Grant this morning 1t consists Of Dr. I.
3. Strnger, Governor elect Eggleston, DR.. =. A.
Foster, Major r. J. Costello, Captain H. T. Fisher,
Captain @. E. Morgan, Colonel l. W. Perse. Captain
O. L. Cass, General A. Anderson and Hon. A. Mygatt.
Colonel Perse, member Of Congress elect from the
Fifth district Of Mississippi, informed General Grant
that their object here to The restoration
OF Mississippi to the Union under the constitution
voted on last summer. General Grant, In reply, said
the Reconstruction Committee had reported bill
embodying, substantially, what the committee de-
sired and IN the course OF conversation about polit
cal Affairs In the South, including those Of Mis-
sissippi, General Grant said he wanted the matter
settled as soon AZ possible or by the commencement
Of his administration The interview was satisfac-
tory to the delegation.
The Richmond Convention Postponed.
The Virginia Conference Committee by resolution
have postponed the Richmond Convention from the
10th Of February to the l7th Of March, fearing Con-
gress would not act season allow the people to
consider the proposition which may be made by
Congress and select delegates as early the day
heretofore designated.
The New British Treaties.
The Senate in executive session considered for
short time the three treaties with Great Brainname-
y referring the San Juan Island dispute to the re-
public Of Switzerland concerning naturalization, and
providing for the settlement Of the Alabama claims.
The treaties were referred to the Committee For
egn Relations and ordered to be printed. An 0bjec
ton was interposed to taking fnal action at this
time, as some portions OF them were prep ared from
A~y.- 41n
copies soon to be received by ocean steamers.
oSubsidies to Steamship Lines.
Senator Conness OF California, said yesterday In
the Senate tnat he was congratulating himself that
he at least, had escaped meption In connection with
land and railroad jobs when, all at once, the
NEW YORK HERALD linked his name to
Job, the Sutro Tunnel Company which
he declared had always been opposed by him. To-
day. however, the Senator broke away from his
position Of virtuous isolation, and his name was re-
corded the patron Of toerably extensive specu-
lation for establishing line Of mail steamers be-
tween New York and Europe without moments
delay ana giving very peremptory orders to the
Postmaster General to send his mail matter via the
same. The corporators are all ex-federal officers,
with the exception Of one or two. This comprises
the round dozen bills for steamship lines that have
been already introduced with q hungry eye on the
Big Railroad SJob', Proposed.
Senator Abbott's amended omnibus bill, intro
duced to-day, is stupendous affair. being no less
than proposition to grant lands and subsdies to
every Pacific railroad, with one or two exceptions.
for which gap exists in the Rocky Mountains. 1t
may be intended as q joke, but y very huge.
COnstructing Levees ON ths Mississippi River.
Senator Kellogg's bill for guaranteeing the pay
ment OF bonds to be issued under the authority OF
the State governments Of louisiana Arkansas and
Mississippi for the purpo5e Of building and repairing
the levees in these States enacts that whenever the
State OF Louisiana shall provide for constructing or
repairing the evees ofsaid State with view OF pro-
tecting nom overflow the alluvial lands therein,
it shall for that purpose appoint two levee COM
missioners, wno together with two others to be
selected from the Engineer Corps Of the United States
Army by the Secretary OF War, shall constitute
board majority Of whom shall have authority to
cause said work to be done at such places
as may be recommended by . majority Of
them, subject however, to the supervisory control
Of the Secretary Of War; and shall further cause
registered bonds Of the State, not exceeding
$o,0Oo0 900 In amount, payable In not less than ten
nor more than thirty years from date. bearing not
more than six per cent interest per annum, payable
semi annually at the once Of the Assistant Treasurer
Of the United States in the city Of New York, to be
issued and placed in the hands Of said commission
ers to be sold at price not less than par and the
proceeds to be expended under the superintendence
Of the commissioners In the construction and repair
Of the work. the United States to guarantee the pay
ment Of the principal and interest Of the
bonds subject to these conditions that
the State shall enact law authorizing and
recurring the levy and collection Of .
suacient tax for the punetual payment Of the semi
annual interest OF all the bonds, which law should
be rrepealabe until the principal and interest on an
the bonds are fully paid; that the Board Of Com
missone shall certify 10 the Secretary Of the Trea-
sury the sufciency OF the tar to meet the interest,"
that the State shall transfer 70 the United States all
the swamp lands belonging It, which shall be held
by the United States as security for the payment Of
the principal and interest d the bonds. When these
conditions shall have been fully complied with the
Board OF Commissioners hall present the bonds to
the Secretary Of the Treasury, who shall thereupon
endorse each bond over hs oicial signature as fol-
iows:-'The United States guarantees the payment
Of the principal and interest OF this bond.n
IL is further proposed that the Board Of Commits
sIoners shall cause the reclaimed lands to be appras-
ed at average price rot less in the aggregate than
the total amount Of thu principal OF the bonds, be-
low which price none the lands shall be sold pro-
vded that none Of tie lands shall be salabie for
money but only for tn bonds at par and upon their
cancellation to the exent In each case Of such pur
| chase the commissioners shall issue certificate In
each case in favor Of he purchaser Upon the fling
Of the certificate ant the cancelled bond with the
| Commissioner Of the Land once the commissioner
shall cause patent be issued TO the purchaser for
| the bonds, free frommortgage or encumbrance In
case OF failure bythe State to pay the interest
on the bonds or anypart thereof 1t shall mature.
or to pay the prinipal when 1t becomes due the
right OF the state t. redeem Its lands shall become
forfeited and Congrss may provide for che sale or
disposal of the sam any portion OF the bonds at
par; and should an surplus Of the lands remain un-
sold after the full pyment Of the principal and in.
terest OF all the bods the surplus shall become the
| property OF the site Of Louisiana. All the provi-
sions Of this bill &c extended to the states OF Ar
kansas and Mississippi, provided only that the
amount OF bondso be issued to each OF these States
shall be 100000.
L n A~>rs ~ NJ