Mr. WADE. I move that the Senate ro ceed to the consideration of House bill 10. 508. The motion was agreed to; and the Senate, as in ComWhole, proceeded to consider the bill (H.R.No. 608) to amend the organic acts of the Territories of Dakota, Colorado, Nebraska, Montana, Washington, Idaho, Arizona, Utah, and NewMexico. The ComTerritor proposed to amend the bill by striking out all after the words “ to wit, ” in the 7th line of the 1st section, to the end of the enacting clause of the 6th section. The words proposed to be stricken Out were as follows: The Legislative Assembliesofcach of the Territories namedshall assno special acts conferring corporate powers.but I. eymay authorizethe formation of corporations(exocptfor banking r purposes)under gen eral laws which may be nlterc or repealed at any time: and the property of nll corporntions which may hereafter be organised, or wine i now exist. l be sub‘icctto the same taxation as the proper of in divrduals. Sec. 2. Abife:, That the legislativo AssembliesOf the Territories aforesaid.respect ively shall at their 1st sessionafter the passageof this act, provide by generallaws for the orsunization of associationsfor commercial, manufacturing and mining purposes.for ferries. Bridges turnpikes and toll roads, for churches. colleges and literary and other associations and for the incorporation ofcities and villages, restricting their power of taxation. Assessment borrowing money.contractingdebts and loaning their credit, so as to prevent the abuse of such Sitep.o3w. Aern. Abife: That thoLegisla stihvaellA, ssemblies of each of the Territories aforesaid at. their 1st session after the passageof this act, prescribebylaw the manner in which all corpo rations. exceptfor benevolent purposes. heretofore authorized by acts of said Territorial Legislatures shall reorganize under generallaws: Provided. That all corporationsor associations now duly organized in pursuance of law. andengagedin legitimate busi‘ ness shall have precedenceof any proposed new association.in reorganizingunder such general acts of incorporation as may be passed: And proeulgil further. That such reorganization shall be Within one ‘car from the date of thoadjournmentof the 1st legislativo Assembly in each of the aforesaid Territories after the passagebysuch Assemblyof the act herein required. SEC.4. Abife: That all special chartersgranted byanyof the Legislative Assemblies of either of the Territories licrcin named.to associations which have not been organized are hereby declaredvotd, andall personswho mayhave secured special grants for ferriu, bridges. turiipikes. toll roads or specialgrantsfor any purpose shall besubject tosuchgeneral lawsasthe Legislative Assemblies glif the Territories aforesaidshall enact as required by is act.. SEC.5. Abife: That all acts and parts of actsof any of the Legislative Assemblies of the Territories aforesaid.grantip to associationsor to individuals the exclusive rightto go upon and occupyany part of the public domain or to the exclusive useof the timber or water powersthereon, or the right to the exclusive rise of water to be taken from akos, rivers, or streamsbe and the same are hereby, declared null and void: Provided, That nothing in this act contained shall be construedin anywisa to invalidate any vestedrights of persons acquired under the existing laws of either of said Territories in n.i imy ines.nor to ipvalidate anycor poration or mining companywithin any of said territories organized under and in pursuance of any State law or law of conress. SEC.6. Abife:. MISSING