Mr. PRICE, from the same committee, reported back House bill No. 439, granting lands to aid in the construction of a railroad and telegraph line from Puget sound or Admiralty inlet, in Washington Territory, to the Columbia river, with the recommendation that it do pass. The bill provides that B. F. Dennison, F. W. Pettygrove, Arthur Phinney, Cyrus Walker, G. A. Meigs, William B. Sinclair, C. C. Phillips, H. L. Yesler, C. C. Terry, D. Horton, D. Bagley, Frank Clark, E. R. Rogers, J. B. Web ber, Charles Prosch, William W. Miller, D. Phillips, E. Lander, J. Cushman, S. S. Ford, J. T. Browning, James Urquahart, A. R. Bur bank, Joel Knight, S. W. Brown, H. L. Caples, C. Lancaster, C. Stiles, A. S. Abernethy and all persons who shall or may be associated with them, and their successors, be created and erected into a body corporate and politic, in deed and in law, by the name, style, and title of the Washington and Oregon Railroad Company, and by that name shall have perpetual succession, and shall be able to sue and to be sued, plead and be impleaded, defend and be defended in all courts of law and equity in the U.S., and may make and have a common seal; and the corporation is authorized and empowered to lay out, locate, construct, furnish, and maintain a railroad and telegraph upon the most eligible route from Puget sound or Admiralty inlet to a point on the Columbia river as near as practicable to and not more than one mile above Vancouver City, in Washington Territory, so as to form a continuous line of travel and communication with the railroad and telegraph authorized to be constructed by the California and Oregon and the Oregon and California Railroad Companies, between Pugot sound or Admiralty inlet, in Washington Territory, and the Central Pacific railroad, in California, and upon the same terms, conditions, obligations, and restrictions, and with the same grants, privileges, rights, and benefits, in all respects whatever, as are conferred and imposed by this act upon the California and Oregon companies. The capital stock of the company shall consist of 100,000 shares of $100 each, transferable as provided by the by laws of incorporation. The 1st meeting of the corporators shall be held at Olympia, and be organized by choice of president, secretary, and treasurer, who shall give bond, within ten months after the passage of this act, and after 2 months' notice, to be given in a news {.". published in Olympia and one published in Vancouver City, and ten of the members shall constitute a quorum, and the meeting shall cause books to be opened at such times and in such places as they shall determine. And when 1,000 shares shall have been subscribed and ten%. thereon paid into the treasury, the president and secretary shall appoint a time and place for meeting of the subscribers after 30 days' notice in the newspapers of the time and place of meeting, and such subscribers who jiattend the meeting, either in person or by proxy, shall then proceed to elect i. ballot not less than ten directors from the company, who shall have power to elect a president, VEEP, treasurer, and Secretary. The board of directors shall take possession of all the property of the company. No person shall be a director who shall not be the bona fide owner of 5 shares of stock; the directors and officers shall hold their offices for 3 years. The secretary and treasurer shall give bonds; and the usual rules and regulations for the government of the company and transmit." of its business shall be made by the by