Mr.WADE. I think this bill is very well guarded so as to prevent this company from taking lands to which any other person whatever can make claim. When a person can acquire no title whatever, I do not really see what title he can get. Ifa man is on there by a preemptive title, by any possessory title, sue i a title is a title by which he can defend himself at law, of course, against any other person not having a better title. It is true that the title is not perfect; it is not a fee simple; he has not acquired that yet; biitifhe isin possession he has a right against everybody else but the owner or one who can show a better title. I introduced this bill, and I have no kind of objection to its being madeasstrong and secure in that particular as it possibl can be. The only object of the bill is to anticipate the surveys in that Territor. If this land had been surveyed and offere for sale it would be subject to entry like the other lands we have. All this company want is to anticipate that, because the country has not been surveyed; otherwise they might enter there and take possession of as much land as they could pay for at the government price; but. the survey is not made, the land is not in market in this remote reion. People are going in there in great cam era, and there is no commodity more valuable to them than iron. There is none more difficult to obtain on account of the distance they have to transport it to get there; and this company believe that if they could get the right to go in there and to make iron it would be profitable to them and greatly beneficial to the people of the Territory. I think itwould. [know some of these parties, and I know that the company were about to commence operations there without any particular title, only such as they would acquire y possessory right; but the principal man, Mr. ard, of Michigan, who is one of the greatest iron manufacturers, I believe, in the country, said at once he would take no interest in such an enterprise unless they could be assured oftimber. as they would have to work their iron by coal. When they found a location where iron could be easily get, men around them would at once take possession of the timber in the neighborhood, and would have it in their power to defeat them, in a great measure, or put them to such inconvenience and expense to get the timber for coalasto defeat the object. Therefore they had no other way to do but to ask Congress, in anticipation of the surveys, to give them the right to purchase lands sufficient for that purpose; and t int is all that they want; it is all that the company desire to have. The ComPubLands have had this bill under consideration and they have amended it and put it under every restriction that they could think of and they have at them under no restriction, I believe, thatt ey considered disadvantageous to them, their honest purpose being not to acquire title to land except in order to carry on this iron business; and when that is preserved I do not care what restrictions you put upon them to hold them to that purpose, as think the bill does in every particular. If, however, Senators believe there is any chance for them to get possession in this wa of lands to which others have a right or title, if thatis not sufficiently secured, I shall not object to any amendment on that point that may be suggested.