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Show LATEST l)iraOOES, FORTY-FIFTH CONGRESS. SEXATE. Washing on, 3. C ha flee introduced a bill to amend the Facibc railroad act of 1SG2 and acts supplementary. Laid on the table to go with the pending fuuding bill. Surgut, from the appropriation comunt'.ue, reported Lhu naval up propriauona hill, with amendments. Placed on the calendar. Bunifide, from the committee on military Hairs, reported a bill iu relation re-lation to the enlistment of colored men in the army. Placed on the Calevdar. The chair appointed Windom, Dor-sey Dor-sey and Beck members of the confer enco committee on the bill for temporary tem-porary clerks in the treasury depailment. At the expirauou of the morning hcur consideration was resumed of unfinished business, being the railroad fuuding bill and Baotb spoke in lavnr of bill of judiciary committee. He went iuto a calculation as to the amount of bonds at maturity and said the cost of the roads was repre aeuted ua follows: First mortgage bonds, $35,000,000; government bond, $55,000,000; land mortgage bond, $20,000,000; capital Block. $00,-030,000; $00,-030,000; making a total of $220,000,-000; $220,000,-000; aud it was 8ft id by the companies that those roada with growing business and through a rapidly developing sectioa, which originally coat tins sum was not security at tbe end of 20 years for $157,000,000. Thro must bs something wrong in this calculation, and it did not take long to sea where the error was. The $00,000,000 capital stock did not represent any real amount invested invest-ed in the roads, but if anything an arbitrary profit on fraudulent con tracts. He maintained tbe rights of government to amend the charter ol any corporation to require it to maintain main-tain its credit and protect its sover eignty, aud denied tbe right of any corporation to divide its property among its stockholders, delraud its creditors, be that stock real or fictitious. ficti-tious. Uelore Booth took the floor Thur man proposed au amendment to be oflored at tbe proper time, providing that bonds purchased for the sinking mud shall be so stamped as not to be transferable. At the conclusion of Booth's remarks re-marks Thurman said owing to the sickness Of some and tho absence of other senators, be would not insist on a vote to day, but would ask tbe Ben-ate Ben-ate to dispose of this hill to-morrow. Surgeul said that in 1S71 the questions ques-tions arose whether the interest is payable now and whether the whole transportation money should he held in the treasury to meet this interest, and after the discussion in tbe senate an amendment was proposed to allow the questions to be carried to the court of claims. This amendment was favored by Edmunds, who would t;e glad to have tho supreme court decide these questions, i'jr if they decided iu favor of tho companies there was an end to the question. Tiio supreme court had decided th- question that the transportation must bo paid. Yet it waa proposed to go on with these additional requirements until there would be nothing left. He read extracts to show that it was then considered that such decision of the supremo court would' be final. EJinunds said he tlwubt licit as he thought then, as to the law, and he felt id fit if tbe gcutlemau from California would argue the case if the. people, Ihe supreme court mig'it reveri' it- decision, aa it had in tbe legal tender and some other cases. .Matthews was recognized as entitled en-titled to Ihe floor to' morrow, aud the senate adjourned. |