NORTHERN PACIFIC RAILROAD. The Senate, as in ComWhole, proceeded to consider the bill (S.No.387) to secure the speedy construction of the Northern Pacific railroad and telegraph line, and to secure to the Government the use of the same for ostal, military, and other purposes. he 1st section of the bill, for the purpose of securin the construction of the ortern Pacific rai road and tele aph at the earliest practicable time, directs teSecreta of the Treasury, wheneVer and as often as the commissioners named in the 4th section of the act of incorporation shall reportthe completion of 25 or more consecutive miles of the road, to ledge the credit of the U.S., in such form as the SecyTreasury shall prescribe, to the payment of the interest of the stock of the company on the portion of the road thus completed, and at the rate permile hereinafter specified, from the date of its issue and for a period not exceeding 20 years from that ate, at the rate of 6%. perannum, payable semi annually on the lst days of July and January in each and every year, in the legal currency of the U.S. at the Treasury of the U.S or any of its depositories, to the following extent, namely: for that portion of the road which is embraced between its eastern point or points of commencement, wherever the same shall be here after located, and the 101st meridian, the interest upon 249 shares per im e; between the 101st and the 111th meridians, the interest upon 320 shares permile for 620 mi es; between the 111th and the 119 meridians, being the mountain district, the interest upon 989 shares permile for 520 miles; and between the 119th meridian and the western point or points of termination, including the mountain ranges of the coast, the interest upon 570 shares permile. The ComPacificRR proposed to amend the bill by adding to the 1st section the following clause: And it shall be the duty of the bonrd‘of directors of said company under such rules and regulations as the SecyTreasury may prescribe, to designate on the certificates of stock upon which such pledge of gredit is tobe given the particular section or portion of said railroad to which the certificate applies: and it shall be the duty of the SecyTreasury to keep an accurate record of all such certificates and to communicate such record, from time to time.to the SecyInterior.