Mr. HOWE. The ComrGLO acting under the instructions of the SecyInterior. "The SecyInterior is the officermentioned in the act. The company said that some of the money they expended they had borrowed under the charter which created the company, for it was chartered by the Legislature of Wisconsin; but that charter was sanctioned by the Congress of the U.S. In that charter they had authority to borrow money; they did borrow money, and of course when they borrowed money they had to pay the money and had to pay interest on it. The Senfrom Illinois says they paid extravagant rates of interest. I never heard that asserted before. The other day I believe the Senator made the same remark when undertaking to open this question; but upon inquiry I am instructed that only7%. was ever aid by the company, except in one instance or a small sum of money, I forget whether $150 or $1,500. Lawful interest is all they expect to recover, however. They expect to recover that simply because they paid it. Being authorized to borrow money, they did bor row money; and having borrowed money they had to pay it back, and they had to pay interest on the sum they borrowed. Now to the extent that this fund is unexpended they say they have just as i. a right to the interest they paid as they have to the money they put into the work; and the question before the Senate is whether they have that right under the terms of this resolution which I have just read to you, for the only purpose of the present resolution is to explain the resolution that I have just read. It is not to grant any new right; it grants no dollar of money to anybody; its purpose is to declare what was the meaning of the act you passed in 1834. That did not make a grant. hat prescribed what was the right of this canal company under previous laws of the U.S. If this company have the same right to recover the interest they have paid out that they have to recover any other money they paid out in the prosecution of this work, then you ought to vote for the resolution before the senate, because that is what this resolution declares. If they have not, if there is a distinction to be made between the money, they put into a dam directly and interesf paid on money that they borrowed and put into a dam, then this resolution ought not to receive the assent of the Senate.: