Mr. BOUTWELL. Mr. Speaker, if the House has attended to the text of the bill as read, I shall be able to explain the amendments proposed by the committee, which all tend to restrict the powers of the corporators. In the 1st place we limit the act to 5 years. The corporators are willing to take it upon that condition, trusting in their ability to commend themselves to the country by what they do. At any rate, a majority of the committee believe that this corporation cannot be so managed within that limited period of time as to produce an serious evils. the 2nd place, we provide that every lease taken by this corporation shall contain a provision that the corporation may purchase Kinds leased within the period of the c arter at aprice stipulated; and that every lease given by the corporation shall also contaiua revision by which the lessee may purchase the lands within the same period of time at aprice stipulated in the lease, the object of that bein to prevent personsiu the South who may have arge landed estates from leasing those estates as a whole, securing the rents, and by the income thus derived acquiring the means of holding these vast estates for a still longer periodof time the object being to introduce a policy by which those vast estates shall be broken up and distributed among a greater number of landholders. We have also provided in the amendments that noperson shall vote upon more than 100 shares of the stockof the cororation. We have also provided, by additions sections, that before this corporation shall enter upon business it shall publishin a newspaperin this city, an rhcord in the registry of deals, a certificate centaining a statement under oath of the amount of its capital actually paid in; and that, when ever any installment is assessed and collected, a similar notice and certificate shall be published and recorded; and that in the mouth of January in each year there shall be published in 2 newspapers of this city, for 3 successive times, a sworn statement of the capital stock of the corporation, the amount of property invested in real estate, and the amount of the indebtedness of the corporation. We have thrown around this corporation all the safeguards that seem to be necessary. But after all, there is but a majorityoft e committee in favor of the passage of the bill. I am of that majority, and have therefore reported the 1bill, bnt without intending to make any further effort to secure its passage than the statements I have made.