, 1874-02-25

4 CHARACTERISTIC JOB.
Spte,ai Dspatch to 1he CAieaao Tribune.
WASHINGTON, Fob. .-probnbly tho most
audacious, unblushtng job before Congroaa at
proaant ia ono which ia got forth in tho House
bill No. 1721, introduced by Dunnell, OF Min
nesota, rnember Of tho Public Lands Com
nittoo, to incorporate the International Land
and Immigration Company. Among
THE conronAroRs
whoBo namcs aro set forth in tho bill nro John
Wilson, Horny n. Smith. Obadiah jackson, 3.
T. Allon. William II. par1z, Lyman Bridges, aud
William G. Tlngg, Of Illinois: H.: Garrotson,
LowiB 6casongood, Nicholaa Anderson, ]. D. Cox,
Of Ohio; George ". .Ohilda, Of Pennsylvania;
Charles Underwood, D. Straight, T. r. NofIler.
ind Low Walaco, Of 1ndiana ". ". Crawford
and NJ. II. Rohoros, of kentucky q. 8. Cran-
dali, George Il. Keith, James Smith, Jr., ". Fl.
Kolly, Charles Elliott Furnoss, James Smith,
and ]. B. Culver, Of Minneaota; ". Walker,
George Grccn. William L. stone, Of Iowa J.
". Hoyt aud John II. Hoyt, Of Wisconsin ].
H. Woodburn, Thomas Grosvonor, james Craig,
and Dan Ablo, Of Missouri John r. Wilder, ".
II. Jackson, John Trenble, 4. j: Martin, and E.
". Mumford, Tonnossoo; George 8,
Frost and II. A. Burt, Of Michigan !;
boRidea others representing South Caro-
lima, Now York, Rhode Island, North
Carolinn, Massachusetts,, Colorado, Nebraska,
Oregon Maryland, tho District OF Columbia,
Vermont, Alabama, Georgia, and Woat Virginia,
tho heavy delegations coming, however, from
tho West.
Tho bill only a1ludos to immigration in the
first sections, where the Company is authorized to
bring immigrants into tho United States without
any reference to the United States laws, giving
them full liberty to do as they please. This
blind having boon thrown out,
THE ELL; PROCEEDS TO BUSINESS,
md in tho second, section provides that
the Company shall have full power
and mortgages, as upon hypothecation
Of real-ostutc, bonds, or mortgages, Or any other
such security for any por1od OF credit; and,
sugularly enough, they wore sufficiently Thought
othorwioe.' They aro also authorized to issue
md sell bonds, but tho amount OF tho bonds
outstanding ut any time shall not exceed the
amount Of moneys thon oTing to said Company,
togothor with tho yaluo Of any property Of any
kind held by said Company at any such time;
md to receive money aud securitioB on deposit
nt such rates Of .i1itorcst, not exceeding lawful
ratos, as may ha agreed upon.
THE CAPITAL RTooK
shall bc $1,000 900, divided into shares Of 500,
(which capital" says tho bill, ",nay 30 in
oroased from time to timo by tho issue Of addi-
tional nlares Of $500, as said Company may 800
nt." -
The fourth section provides thnt the Company
may commence business when tho 81 600, 900
shall have been subscribed and por cont pnid
in. No person may DO Director unless he shall
Own at least twenty slarea.
Tho sixth section provides That tho Committee
shall mako IN annual showing Of thoir affairs to
tho Secretary Of tho Interior, nnd that tie books
shall be opon to the inapection OF tho Baid Score
tary or others TINT ho may delegate for the pur-
poso at oil times.
TIE STOCKHOLDERS
are to DO individually liable for tho dobts Of tho
Company to tho amount Of capital unpnid on
their shares, until said shares shall bo fully pad
up. and to no creator amount.
Tho seventh section authorizes this proposed
Anglo-nongaleo concern to loan to individuals.
towns, or other bodies authorized thereto !;
lawful n for Of the borrowe: W to accopt tho bonds Of
eaid Company n leu Of money on such Ysl, l,9ans'
| rency. Further, tits provided TINT
TIE bonds or THE COMPANY,
issued OF takon In lieu Of money shal! bo voted
and Of full force, notwithstanding my difference
there may be betweon the rate Of intorcat se-
cured or payable on such mortgage or hypothe-
cation. Or any difference in the markot value
thereof. Tine Company aro alto autlorized To
loan money OH tho hypotlocation Of their own
bonds.
denlB shall bo declared eeml-annually. not to
! cxccod 10 per cent per annim that, II tho net
nrotltB should exceed thAt percentum, ono-fourtA
Of it shall bo retired ns reBorvod fund, until auoh
rosoryod fund shall equal ona-tourth tho capital
Of tho Company, and tho remaining three
tourths ehall 10 divided among tho stockholders.
The Company Ii authorized to establish branch
oicoH all over tho country, aud tho principal
oiflco III Now York CITY.
WHAT HAB IT 70 no WITH LANDs?
A. measure OF this sort las 10 moro bueinoeB
before tho Public Lands Committee than before
ono on lM!@s W., % ~ y,.t yua ~ m"a a
number Of tho corporators who are pushing tho
soEome wore granted learlng by tlo COM
miLtco.
ADDITIONAL DoUNTIES.
. !sptc,at Dt3pntch to Ths Chicago Tribune,
OOLEgpY'B HILL.
WASHINGTON, D. G., Fob. 24.-senator 0gleaby