Constitutional Whig

DOMESTIC.

WASHINGTON. March 3.

Internal Improvement.—A report was made in the House of Representatives on Saturday last, by Mr. Hemphill, Chairman of the Committee on Roads and Canals, containing general views of the subject, the extent and importance of which may be estimated by the contents of a bill reported in connection with it, not of course with a view to its being acted upon at this session, but to present, in the most definite shape, the opinions of the committee on this subject.

The bill, thus reported, proposes to authorize the President of the United States to borrow, on the best terms he can, any sums of money, not exceeding in the whole, ten millions of dollars; which sum is to be borrowed at such times as may be necessary for the purposes contained in the 2nd section of the bill.

The second section proposes to authorize the Secretary of the Treasury to make subscriptions, on the part of the United States, in such companies for internal improvements as may be incorporated by the respective States, and as Congress may approve from time to time.

The third section contains a provision, that each State may, under certain restrictions, purchase the stock subscribed in such State, and take a transfer of the same from the Secretary of the Treasury.

The fourth section directs the Secretary of the Treasury, as long as any stock belongs to the United States, to receive the dividends on the same, and to vote for the officers of each company, according to the shares subscribed.

We shall shortly find room for the whole report. The above sketch, meanwhile, exhibits its main conclusions. An extra number of 2000 copies was ordered to be printed for the use of the House.—[Nat. Int.