Mr. wASHBURNE, of Illinois. No, sir; the gentleman can answer me hereafter. He will have the privilege of closing this debate. Now, sir, I want gentlemen to look at the nature of what is called the “security” which this company offers. What is the security, I again demand? Does the Government retain its title to the lands? No, because in the original charter it is stipulated that the company shall receive patents for the lands when they shall have finished a certain number of miles of the road. As soon as that is done, the company gets the absolute title to the lands and the Government has no further contro over it. Now, sir, what does this bill propose that the company shall do? The 2nd section contains the following provision: and for the further security of the Government for the pledgeof the paymentofinterest asatbresaid over and abovethe depositoi twanfivo%. of the gross receipts as above provu ed. the rocceds of the salesofull the lands granted by the c the said company.situated on the southerlyasritdeerooff the line of said railroad, shall, as often as the sales of the sameshall be made, he held asse curity for the payment of the interestso paid by the Government as aforesaid and shall hedepositedin the Treasury of the U.S. by the treasurorofsaid company on the 1st daysof A pril and Octoberin eachand every year.to be applied y the oer rotaryof the Treasu. to reimburse the Government for any moneyspar for interest as aforesaid, and also as security for the filture payment by the Government of any interest accruing under said pledge, until the Government shall be fully reimbursed for the payment of the interestas aforesaid; and to secure the payment of snid%uzcof the rossrccciplsmndlhct oposit of the proceedsof the salesof the uhlic land as before provided the SecyTreasury of the U.S. whencver in his udzment it shall he necessary for the safct of the Government to do 50, Is hereby empower tto appoint unins actor, who shall have authorityto examine the boo and ucenunts soaf idth%age of the togdriorsese rtetcheeipatppalniedatthioendoefpothsiet I would like to answer that of the midfroeeeds of the salesof the public lands as aloresai. I ask gentlemen again and again, and in all earnestness and in entire good faith, where is the security which the Government gets? B the terms of the charter the company, as have stated, when it shall have constructed 25 miles of road, receives a patent for the lands, and under this bill the comiany will have at the same time the interest paid on their stock. That is what the company receives, and the Government has no authority, no power to get a single dime from the company. Task my friendfrom Iowa, who in his own private business as a banker is so vigilant in regard to his securities, where is the security which he, as a Representative of his constituents, has demanded from this corporation for the faithful performance ofany obligation? The appointment of an “inspector” which is provied to examine the books and accounts of the company is simply a farce. lfthis bill be passed we are at the mere of this corporation, and utterly powerless in their hands.