New-York tribune., 1882-03-05
THE WORK OF COMMITTEES.

WAsHINGTON, March 1.-lhe senate O""'
mittce Commerce this afternoon completed 'he con-
siacration Of the bill introduced by senator NesJ 10
incorporate The Interoceamc ship Railway COMPANY
and ,or other purposes commonly known as the E'7
rll-aud authorized Mr Vest 20 report 1t to the S''o
With a recommendation for its passage Wi'D sNl"NS
amendments. ,
The bn as amended by the committee proNmes lor
guarantee by the United states Of dVluch" -
cent per arnum for fifteen years on fifty mlhoh oaIS VI
he capal stock Of th, cOmpauyth6 total capai STOCK
beng $4,000 OOO-aud stpulatcs that III return l"r
this assistance the company shall transport glauS or
uinety-nine years the mnlls, war VtSs's aH" " "''
propelt of the United States and shall transport A'i-
can merchant vessels oncha the rates charge" ny
tla colnpauv ON all other commerce except thai OF
Mexico II is further provided that for any advance"
made ny olr Government under its guarantee the com
panv is t. give its bonds payable IN hiteen years "I'-
out interest, which bonds in the event Of their noh-lay
ncut at maturity. to be receivable for tolls Oh any
American vessel with ten per cent added 10 IAe I"'e
value,
The guarantee to attach to the extent of S50OOooo
when fen miles of the ship rail way, and the terminal
works connected Herewith, shall have been completed
and tested in the presence of Government engineers ny
the safe transportation OF loaded ship weighing 21oo
tons from the harbor to the terminus of the SAID ten
mile section and back again. at average speed OF six
miles per hour.
Another 80 100000 is to be guaranteed when another
tcumile section with the necessary terminal works
shall have been completed ard tested in the same man
ner as the other eud Of the railway commission oI
engineers appointed by the President of the United
states Is then examine the intermediate portion OF
the route and report whether or h"u
the completion Of the ship railway over IL
is entirely practicable at a cost NOT ,eXceee'llnE
100000 900 II the commission reports III 'uc HniIhd
live the Government guarantee IL 10 attach Tor e re-
D1Iuug forty millions Of the fifty millions ot STOCK To nc
guaranteed in accordance Win the successive CoHc
lion Of he intermediate sections OF the nne II thc COM
mission however, reports in the ucgaNe the bll pro
Vid,s further guarantee snail attach uh!I "a
loaded ship weighing 1000 tons shall have becn SuIcy
TRANSPORTED over the entire line from ocean to ocean,
The bill also provides that in determining the amount
for which the Government shall be Liable under the
guarantee one half of the revenues OI the company
shall hc considered nc net profits.
Rep c.eutatiye Bland. Vf Missouri. member OF the
House Committee on Coinage Weights and Measures
made an argument before that committee to-day In favor
OF the establishment of mint nj 81 Louis OF aJ some
other eligible point in tho Mississippi valley Mt. huF
chdrd Director of The Mint also made statement iaNH
ing genera ly The establishment Of mint III some point
in tie Mississippi Valley. -,
The House Committee on Indian Affairs agreed to-day
TO report iaNCrably the House the bill prepared ~ sec
rctalv krkWoud AMI transmitted 10 he House ~ me
Prcsidcrt which pro ridcs for the aCcrp duce ana ra
cation of an agreement with The Shasbunc ana Bu1ck
Indians for he -ae ~ portion of their reservation IN
Idaho Territory required for the use OF the Otdh ana
NtrtN Kf1lV