Skip Skip The amendment was agreed to. The 2nd section of the bill, for the purpose of relievin the Treasury of the U.S. at the carliest practicable time from the payment of interest on the stock described, directs the treasurer of the Northern Pacific Railroad‘ Company, on the 1st days of April and October in each' and every year, to pay into the Treasury of the U.S. so much of the proceeds of the sales of all the lands granted by the charter of the company, situated on the southerly side of the line of the railroad, as may be necessary to reimburse the Government for any moneys paid for interest. In case the money thus paid into the Treasury of the U.S shall not be sufficient to reimburse the Government for intQest paid on the stock, then for the further security of the Government for the payment of the interest over and above the deposit of the proceeds of the sale of lands, after the completion of the road according to the provisions of its charter, so that its cars shall run from its eastern tor minns on Lake Superior, to Puget sound, the treasurer of the company is to pay into the Treasury of the U.S. one quartbr art the net earnings of the road, to he applie to the payment of the interest on the stock as before provided, until the amount so paid by the company shall be equal to the amount paid by the U.S. as irovided in section 1st, after which all further payments shall cease; and to secure the payment of the deosit of the proceeds of the sales of the public ands as betore provided, and quarter part of the net earnings, the SecyTreasury, whenever in his judgment it shall be necessary for the safety of the Government to do so, is empowered to appoint an inspector, who shall have authority to examine the books and accounts of the company, and to direct the application of the net earnings and the deposit of the proceeds of the sales of the public lands. The 3rd section provides. that none of the lands granted to the company shall be subject to any general or local tax for any purpose whatever till the lands shall have been finally sold and conveyed by the company, and that all expenses for engineerin and commi 'oners provided for or require by this act all be paid by the company. The ComPacificRR proposed to amend this section by striking out the ords “that none of the lands granted to said om any shall be subject to any general or local tax or any purpose whatever until said lands shall have been finally sold and cenveyed by said company, and.”