The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-07-07

for taking up the additional s54 600 600 within the
next three months and then TO require a reuistriru-
ucn 1cw months later.
M. SHERMAN, uep.) OF Ohio, replied that under the
existing law u would Take ninety DAYS organize "a
asceftilnet before any bank could be established.
MI. IRUhBuLL said there would then he no dis tri-
nuiion under rhc existing law.
me report submitted by the committee was then
adopted.
NAVAL APPROPRIATION BILL.
me senate then resumed consideration OF the
Naval Appropriation bill and al hallpast four o'clock
TOOK u recess I'll evening.
Evening Session.
BILLS PASSED
On motion or Mr.. PATTERSON, (rep.) Of n. H.--Re.
qurhlS Inspection ana measurement 10y an officer
u he appointed for the purpose OF fuel purchased
Tor the government departments ana military and
naval Us abli' hnients IN The District Of Columbia.
On motion Of Mr.. ANTHONY. uep) OF II. I-lncor-
pofating the United States Freehold and Inmig IA
uon Soinpany, ana TO conhm certain legislation in
lne ielritori q OF C0lOra 10 aud New Mexico.
MI. 1huMGuLL opposed the bill as creating u gigan-
NC iand monopol, In the hands OF non-rcsidents,
which would absorb ali the valuable lands OF The
TWO Territories
on motion Of Mr.. MORRILL,, OF VT, Joint resou
,iol was passed requiring the MAYOR OF Washington
10 nave me grades OF streets, IN The Vicinity
approach 10 the Capi OF.
THE ORIENTAL STEAMSHIP COMPANY.
lhe senate Then HOOK up the Oriental steamship
Company bin 10 encourage the Establishment of ~
llne OF steamships under The nag OF The Unon for
Tue conveyance OF TIE mails OF the United States TO
European ports, India aud China, by way Of the
Suez Canal, and for promoting emigration from
Europe TO the Southern States OF the Union ana re-
dtclng the rates o. ocean postage.
An amendment Was reported by Mr.. MCDONALD,
giving eighty OF land for every ton OF steam
snip built by the company the ships to be
OF American material, ana six hundred aud forty
acres .! land every year Tor each naval apprentice
educated ana main aimed 10y said company: the land
TO he located In tile Southern States and the scrip
to be issued on the completion IF each vessel, ana
on tie deposit OF the bonds II the Southern sta es in
accordance with the terms OF the bill, one hundred
thousand acres OF land To be issued for each hun
tfedthotsand dollars Of bonds.
inc amendment was discussed, seyc ely criticised,
ana finally Withdrawn.
The till was then recommtted TO The Committee
on Post OnlceS.
Jr. SUMNER called up the bi for rcrunling to the
SlaIe Oi massachusetts the interest due ON The
advances TO the United states during the war OF
1Sl2-l5.
Mr.. BAYAHD, (lem.) OF Dei said he had always he.
leFed mat any claim on the part vi Massachusetts
10 The British government instead oil the United
States.
Mr.. SHERMAN said That after fty-fve years claim.
when was Tor compound interest was 10 DE sldded
upon the treasury Of the United States IN oagli the
force OF mere perss.eaoy.
MI. DAVIS (dem.l OF Ky., said the claim was FOR
simple interest aud he satisfied OF It's justice
aiter iull examination OF IT,
MI. SALISBURY, (dcm.l OF Del, avowed his deter.
ininiion not to b. governed o. party prejudice and
ms readiness to vote FOR lie conceived To
be Just.
After remarks by Messrs. Summer and Hamlin the
bill passed.
At twenty minutes 10 eleven O'Clock the Senate
adjourned.