The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-03-09
Committee Work,

WAsHINGToN, March 3.-Thc house com
mittec on post-onices and post-roads finally
adopted to-dav, without farther amend
ment, Representative Moneys bill to pro-
vide for fast ocean mails and ordered the bin
to be reported to the house with recOmmcu-
dation for its passage.
The house committee on rules this morn
ing agreed to report iavorably to the
house Representative GibsOn's res
oution providing for the appoint
meat of congressional committee
to- visit New Orleans and attend the
forthcoming celebration in commemora-
ton OF the 2)D.h anniversary OF the discOv-
cry OF the mouth Of the Mississippi river.
WAsUINGToN, March Tile senate com,
mittcc on commerce this afternoon COM
pletcd their consideration Of the bill intro.
ductd by Senator Vest to incorporate the
Eads Ship railway company and for OthCl
purposes, commonly known as the Eads
bill, and authorized Mr.. Vest to report It to
the senate with recommendation for pas,
sage, with sundry amendments.
The bill as amended provides guarantee
by the United States OF a dividend of per
cent. per annum for 10 years on 100000 OF
the capital stock Of the Comupny, the total
amount being $4,000 and stipulates that
in return for this assistance the company
shall transport gratis for ninety-nnc
wears, mails war vessels, all prop
crtv OF the United States, shall
transport American merchandise for one
half the rate charged by the company
on all other commerce except That OF McNl
co. 1t is provided that for any advance,
made by orr government under its guar
antee the company is to give bonds
payable in fifteen years without in
terest, which bonds in the event of
their nOn-payment at maturity, are to be
receivable for tolls on any American vessels,
with ten per cent. added to their
full value; guarantees dG rs, to attach to
miles of the ship railway aud the terminal
works connected Herewith shall have been
completed and tested in the presence of
the government engineers, by the
safe transportation of a loaded ship,
weighing 1850 tons from the harbOr to the
terminus of the SAID ten miles of the road
and back again at an average Of speed #
six miles per hour Another 5000
600 TO be guaranteed when
another ten miles section with
been completed and tested in the same
manner az the other end OF the
railway. 4 commission of engineers,
appointed by the United States is then
to examine into the importance Of the
route and report whether or not the com
pletion Of the ship railway over it is
entirely practicable alta cost
not exceeding SGS.OOOOOO; If COM
mission reports in the affirmative the
government guarantee is to attach for the
receiving of 100000 of the S5O,0OO,OO0 of
the amount to be guaranteed in accordane
the successive completion Of the in
termediate sections of the line II
the commission. however. reports in
the negative, the bill provides that
with no other guarantee shall attach until
a loaded ship weighing 100 tons
shall have been safely transported
ever the entire line from ocean
to ocean. The bill provides that
in determining the amount for
which the government shall be liable under
the guarantee, one half Of the gross reyc-
nue. Of the company shall be considered ~
net profit.
A motion carried authorizing the bill 10
be reported iay0rably. No negative votes
were cast. but some Of the members re-
served the right to offer amendments
or 20 dissent from certain portions Of the
bill when It comes up for action IN the SEN
ate.