Mr. CHANDLER, the Senate, as in ComWhole, proceeded to consult?!" the bill (S.No.26) granting to the International Ocean Telegraph company the right and privilege to establish the communication between the city of Neewgraypohrkic and the West India islands. The bill, which had been referred to the ComCommerce, was reported by that committee with an amendment, to strike out all of the original bill and to insert the following in lieu of it: WhereasJames A. Scrymser. Alfred Pell. jr. Alexander Hamilton. Mr. Oliver K. King, Maturin Del afield, William In Smith and James M. Digges, their associates. successors, and assigns, personscomposing the International Ocean Telegraph Company, an in corporated company chartered y the State of NewYork, aredesirousof establishing a lineof submarine telegraphiccommunicationbetween the U.S.A and the West India islands and the Bahamas: Now, therefore, in order to facilitate thesaid enterprise, Be it enactedbythe Senate and HoRep of the U.S.A. in (Impressas sembledT. hat thesaidInternational OceanTelegraph company incorporated under the laws of the State of Now ork. their successorsand assigns shall have the sole privilege for a period of 25 years, to la, construct, land, maintain, and operate tele grap is or m nctic lines or cablesin and over the waters, reefs is and s, shores, and lands, over which the U.S. have urisdiotion, from the said U.S. to theislan of cuha and the Bahamas, either or both and other West India islands. SEC. 2. Abife: That the said international Ocean Tclegraph Company. their sue cessorsand assigns. be an oriaed and empowered to import, free of duty. all material, manu actured or unmannfactured. necessaryonly for the construction, laying and erection of said submarine cable or cables: Prov always, That the said International OceanTelegraph Company shall at all timesduring a state of war. give the U.S. the free uso of said cable or cables, to a telegraphic operator of its own selection. to transmit any messagesto and from its militit, naval, and diplomatic agents: and provided furl er, That the said Internatioriul Ocean Telegraph Companyshall within the period of 5 yearsfrom the passageof is act, causethesaid submarine telegraphic cable or cablesto he laid down, and that the said cable or enbles shall bein succpssful operation for the transmissionof messageswrthin the said period of 5 years; otherwise, this grant to be null and void. SEC. 3. Abife:. That Congress shall have power, at any time, to alter or repeal the foregoing act.