The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1869-01-23

Pacific Railroad from the point OF its pre-
sent ternnini "a miles fn the direction, or TO
Cheyenne WeIls; andsshall have authority
10 issue coupon bonds to the extent of -
dollars per mile of road to be rebuilt
said bonds to run forty years and 80 bear
interest at the rate of 6 per cent. per an
mum, payable seml-annually on the Ist
day OF February and August of each year,
In lawful money, the interest and princf-
pal TO be payable at the Treasury of the
United States. or at the Office of the Assist
ant Treasurer of the United States at the
city of New York, at the option of the
Treasury, under such rules and regula-
tions as the Secretary of the Treasury may
prescribe, and The President of the United
States shall appoint three competent per-
sons as Commissioners to examine said
railroad, and see that each section of twen-
good manRer; said Commissioners
shall SO report In writing 60 the
President, who, being satisfied with
cause it TO be filed with the Secretary of
the Treasury. whereupOn the United states
est of the bonds authorized to be issued as
aforesaid TO the extent of f- dollars per
mile IL the road is built: and 1t is hereby
made the dlty of the Secretary of the
Treasury to endorse and register such
bonds for the United States, guaranteeing
the payment of the interest thereof in
such form as he may deem proper, and the
endorsement of such bonds in such form
as he may deem proper, and the endorse
ment OF such bonds by the Secretary of
the Treasury on behalf OF the United States
dDsi JlEcf0, constitute q first m0rtgage on
said road. its rolling stock and furniture in
favor ofthe United States to the extent OF
the interest on said bonds; and It Is here
by made the dnty of said railroad cOmpa-
ny to have on deposit with the Treasurer
of the United Statess at least ten days be-
fore any Semi-annual interest falls due, q
sufficient amount of money to pay such
so, the President may cause the Secretary
of the Treasury to, upon sixty days notice
70 siedo coIn P npany. IaKs possession OF said
half of the United States, for the purpose
of making provision for the payment of
the interest OF said bonds. The Secretary
OF the Treasury is hereby directed TO retain,
first, ali sums of money due said com DauY
on account of transporting troops, &c,
military and indian supplies. Second
all moneys arising from the transportation
of the mails by the said company. Third,
all moneys arising from the transm fs ion
of kilograms by the said company for the
United States; and the Secretary of the
Treasury shall cause sefni-annuaI state
ments of Interest to be made with the said
company. and any surplus money remain
ing after the payment of any semi-annual
instalimant of interest shall be paid to said
company for the purpose of making pro-
vision for tie payment of the principal of
said bonds so endorsed by the United
States. The lands of the said company
heret9fore- granted by the United States
for the construction of the said road. or so
much as belongs on either side OF said
road, as herein mentioned TO be built.
except so much as may be n necessary to
the operation of the said road, which shall
be sci apart for thab purpose by the three
comIni ssloners Aforesaid, shali~ be sold as
fast rs every twenty miles OF said road are
completed aud put into the market, to
actual settlers, at g so per acre, under
tuen rules and regulations shall be pre-
scriD, by tho Secretary OF the Interior;
and all moneys arising from the sale of
the said lands shall be paid into the III ca
snTy of the United States, and the Secre-
tary OF tue Treasury shall thefeupOn cause
such money TO be invested in said bonds
the same to be cancelled and delivered TO
said Company. The subject then Wens
over for the day.
( The Sneaker. gave notice that to roorrovv
Boutwell, would call his proposed consti-
tuttOnal amendment in respect 10 suffrage,
and the bill for debate on that subject.
During the day the death of Htnds late
member from Arkansas, who was assas-
sinated in that State during the recess OF
Congress, was announced by Eliot, OF Ar
kansas. Alter eulogiums on the deceased
by the mem bers of the Arkansas delega-
ton, the House adjourned.