Mr. BOUTWELL. I will ask that the bill be read in full. The bill was then read at length. Section one recites the names of nearly 60 persons, from the several States and DistCol, as corporaters, who, with their successors are constituted and created a body corporate in the DistCol, under the name and style of “the U.S. Mutual Protection homestead Compan, ” for the encouragement of settlements on the organization of industry in the American States, and in that name to have and use a common seal, to sue and be sued, and plead and be impleaded, and to fill vacancies in their own body arising from death or resignation. Section 2, provides that. the said corporators, or any t irty of them, after giving ten days notice of the time and place of their meeting in 2 or more of the oily papers of Washington city, may organize the company by the election of 12 directors. who shall conduct its affairs, hold their offices for 12 months and until the election of their succes sors, elect a president of their own bodv, and appoint a secretary and treasurer an such other officers and agents as may be convenient or necessar, all of whom shall hold their offices as provide in the bylaws to be made by the directors for the management of the business; that. the company may receive contributions for the promotion of emigration and for the dissemination of information to emigrants and land holders, ond may lease or purchase and hold lands, and sub let or sell and convey the same for use, settlement, and cultivation, arid may also lend money on mortgage of lands or pledges of growing crops, with a view to promote the reorganization of labor on the basis of freedom and to promote the obtaining of homesteads by the landless poor. Section 3 provides that whenever the company may deem it useful or necessary in roseouting the objectsaforesaid, they may open liooks for the subscrition of capital stock to an amount not morethan $3,000,000, in shares of ten dollars each, and may make such provision for the payment of subscriptions, and forfeitures for non-payment, as they may deem proper, provided that due notice of the time and place of opening said books shall be given by at least 20 days lm publication in 2 or more daily papers of Vington city. Section 4 provides that the general election of directors take place annually atsuch time and place as may be provided in the bylaws; and, until the company may provide for the subscription of stock, the directors shall be elected by the corporators named and their successors. but whenever the joint stock company may be established as provided by this bill, the shareholders shall become the successors of the cororators, and each share shall entitle the 1101or to one vote in the annual elections. SUPERINTENDENT OF PUBLIC PRINTING.