Mr. WADE. I do not wish to take up the time of the Senate now. for I believe the objects and purposes of the bill are fully understood by the Senate. It is thought, I believe, by every onewho has examined the subject, that nothing would so much tend to develop the mining and other interests in the Territory of Montana, and to facilitate the construction of the Pacific railroad in that direction, as by some method of this kind to have furnaces erected there, so that iron may be manufactured from the ores lying in that country, in stead of being transported over the continent at a most ruine us expense. A company was formed of men, I believe as good as can he found in NewYork and Michigan and other places, who thought they might make it a prof Itable business for themselves, provided the could have the privilege of purchasing enoug timber land to carr on their furnaces when they get there. As stated the other day, and I would not repeat it now but for the fact that some Senators are present who were not here then, this enterprise could not be entered upon with any hope of success if, while this company were laying out the large capital which it will take to begin this business. some $160,000 or $200,000 at least. individuals could go on and take possession of all the woodland about them. The company then would be at the mercy of men who had not laid out a dollar for this purdays ago, granting the use of the Chamber to pose. They desire, therefore, to acquire sufficient wood land; and they cannot get the wood land unless they purchase the title to the land itself. They ask Congress to enable them, in, advance of the surveys there, to purchase this land at the Government prices, excluding them from all right to any minerals exocpt iron and coal, or for using the grant for any other purpose except what is necessary to enable them to go on with this enterprise. I believe every One admits that it will be highly beneficial to the people of that Territory and facilitate its settlement and the de veloment of its mineral interests should this be one. Of that I have no doubt, and it seems to me nobody can have any doubt. Whether this will be profitable to those who invest in it is a thing which they must answer for themselves, but the object is certainly laud able. This bill does nothing more than anticipate, perhaps, by 2 or 3 years, the surveys of the Inn in that Territory. It is so remote that it has not been surveyed, though mining interests have sprung up which have carrie a number of inhabitants there who would not have 0t there, probably. in a cen tury had it not been for the mines discovered there. It is necessary, therefore, that these interests should be developed in advance, and every one who has turned his attention to the subject, so far as I have seen, believes that this bill will be beneficial, and I think nearly every one is in favor of it. The bill is guarded at every point. This company can acquire nothing butthe title to this land and they are to ay for it the same price, probably, that would e aid for it at some future period when it shall be surveyed and when anybody can go on and get it at the same rice this company now offer. That is all there is about it. I hope the bill will pass.The bill was passed. PROTECTION OF U.S. OFFICERS.