, 1881-02-06
III AzIC.
AN 1StnRoGLlo IN COMMITTEE.

AN IAtERoGI.Io IN CO.fA1TTEE.
Spscta. Dt,pateh to The Chicago Tribune
WASHINGTON, D. c., Feb. 5.-Capt. Eads,
who enjoys the reputation OF being extraor~
dinarily sklllful In the management Of mat
ters in Congress, turned the adverse major
in the Interoceanic Canal Committee into
favorable minority of one this morning, The
Committee by vote Of s to decided to re-
port his bill favorably, subject to the condl-
ton that Eads shall place his charter entirely
under the control Of the United States Coy
ern>nent, condition which it would seem
from the Mexican charter which Eads has
is utterly inpracticable. However that
may be, soon after tie Committee had
voted, Nfr. Whitthorue. Of Tennessee,
L member of the Committee, who for two
weeks has been so i'll that it had not been
supposed that he would recover, unexpected
ly Appealed in the committee-room and in
sisted upon his right to cast a vote against
the Eads bill.
THIS WOULD HAVE TIED THE COMMITTEE,
and have caused tile measure to fallo The
five majority lreststed Mr. Whitthorne's re-
guest, which soon became demand, and de-
clined to permit his vote to be recorded, pend
ing which the Committee adjourned, leav-
ing the question still unsettled. OF
Mr.. Whitthorne's parliamentary right to
vote there can be no possible question. II
the Eads people shall bring the bill into the
House under such circumstances, Mr.. Whit
thorne can raise question Of parliamentary
privilege, and declare that the pretended re-
port is not the report of the Committee, in
that he was denied the right to vote.
SUBSEQUENTLY,
the Committee agreed to report favorably
the bill to grant charter to the Nicaragua
Maritime Company, Of Which Gen. Grant is
all incorporation.
PROVISIONS OF THE BILL.
To the IFe.ttrn .associafeI Pr<ss.
WASHINGTON, D. c., Feb. 5.-T11e bill
adopted to-day by the Select Committee Of
the House: on the Interoceanic Canal to i'll
corporate the 1nteroccanic Ship Railway
Company, authorizes tho Company to issue
stock not to exceed So, ,003, 900, and dispose
Of it as the Company may deem proper,
and. Ito make all necessary. rules and regula-
tens and manage all matters connected
| with the business OF the Company. 1t gives
guarantee OF the Government for fifteen
years after tbs railway is completed for the
| payment OF senl-annual dividends Of not
! less than 8 per cent on the par value
Of S50,000,000 Of stock, provided that
| no part this guarantee shall take effect until
| the entire practtcability shall be demon-
strated of transporting 4 loaded vessel
| weighing, with its load, not less than {, GOO
| tons, at not less than six miles per hour.
| When ten MILES have been completed the
| guarantee 6Y the United States 10 the extent
| of s50000o0 shall at once attach. The
guarantee Of the Government will attach to
| each additional S5,000, 600 upon each sue
| cessfui experiment up to the maximum of
| $1,000, 600. The bill also authorizes the con-
struction of G waterway to connect the
| terminal works of the railway with the
river or harbor at either end Of the route.
IT FURTHER PROVIDES
| that, in consideration of the guarantee Of the
| Uuited States Government, the Company
shall transport all Government vessels,
troops, mails, and officials, and transmit
| upon its telegraph fines nil Government mes
sages, FREQ Of charge 1t reserves to the Gov
| ernment of the United States the right and
| pover to revise and contract the tolls, rights,
and charges imposed by the Company, and
the right in fixing the rate of tolls to discrim-
| mate in favor Of vessels belonging to citizens
| of the United States or Mexico, but, In all
| such cases the commerce Of Mexico is to en-
| Joy every advantage and immunity
| equally with that Of the United
| States. It restricts the Company dur
ing the continuance Of the guarantee OF
the United States from mortgaging the rail
way, and prohibits the Company from trans
porting any vessels of war, etc., OF any na'
ton at war with the United States or Mexico
It declares that the Government Of the
United States shall not, by reason OF lts
guarantee, secure any right which will VIC
late the letter or spirit Of the concession
granted by the Mexican Government tt
James B. Eads; that nothing In that shal
be construed to tramnlel the said Eads III tht
design, location, and contraction, of the salt
railway It limits the individual liability O.
the shareholders to the amount OF capita
stock subscribed by them.
NORTHERN PACIFIC.
A PROSPEROUS CORPORATION.