The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-04-10

sion Of the Senate, beginning on Monday next for
the transaction OF Executive business.
EXECUTIVE SESSION.
The bill providing for compromising the loyal
owners Of steamers taken for the use OF tne govern
ment during the war was taken up ana dscnssed
until a quarter to five O'Clock, when the Senate
went INTO executive session.
Evening Session.
Mr.. HOWARD, rep) Of Mich, called up the bill TO
secure the interests OF the United States IN the Paci
fc Railroad, and said that the Central ana racine
Railroad Companies had come to an agreement as 10
their point OF meeting. He offered substitute Tor
the first and second sections OF the amendment Of
fered by him 10 the House bill the other day.
Agreed TO.
Mr.. CAssRRLY offered an amendment to section
three, which was agreed to.
The bill was then passed In the following form:-
Be Il resolved &C. That the stockholders q the Union
Pacific Railroad Company at meeting 10 be held on the I'd
day Of April 1859 in the city Of Boston, with power
the ensuing and said are
provided that the passage Of this resolution shall not confer
than 70 hold such election be held any manner
9quish waive any rights Of the United States to- take
Paeds Railroad company heretofore dome omitted
may be ypreudeed provided that the terminus Of
the Union facinc kroad and the Central Pacific Railroad
Company shall build and the Central Pacific Railroad Com.
rails shall meet and connect form continuous line
condition Pacific Railroad and the Central Pa
Raroad the OF united
authorized appoint board OF eminent cizen not exceed
and who shall not be interested In either
examine and the condition OF the same
and what sum or sums, II any, will DO required TO complete
for entire length thereof to she said terminus In
compliance with the several relating said roads and
the expense of such toard including allowance OF ten
dollars their services each employed In such
examination report to be paid equally by said
panies.
SEC. 3. That President is hereby authorized and
q subsidy bonds authorized to be issued By the Unea
completion first class road of all sections
which bonds have already been Issued
In Lieu OF such bonds he such security an
equal amount of the mortgage bonds of such
pany; and II shall appear to the PRESIDENT
TO either of aaid companies is insufficient
to insure the full completion of such road,
he make requston such company for sufficient
bonds already issued said company, in his
discretion mortgage bonds, the full COM
peon the In default OF obtaining such security
this section provided the President authorize and
on behalf the United States, and court
United States having urisdcon assha be necessary
proper compel the giving OF such security and thereby
otherwise protect the interests OF the
United said road and to insure the fun completion
thereof first class road as required by law.
That the Attorney General OF the United States s
authorized and directed to investigate whether the
charters the Union Central Pacific Railroad Com
panies, all their franchises have have been for
feted, and institute the necessary and proper legal
proceedings. Also to investigate whether the said
dvens upon their stock and TO institute the necessary
proceedings have the Reimbursed and also to nyes
the companies have violated penal law and If
proper criminal proceedings against the
who have violated such law
EXECUTIVE SESSION.
AT twenty-five minutes past ten O'Clock the Senate
went into executive session.