I have not seen this report till a short time ago. This bill came to me in print for the first time this morning. and I have been glancing over it and attempting to follow the Secretary as he read it. but I do not think 1I am mistaken as to the provision of which I spoke. The Senator from Vermont says that the property of the immigration society is to be disposed of according to law after paying its debts. &c.. that that means that the general equitable rule shall prevail. which pays back the money or present originally made to the parties who originally invested money in the corporation as stockholders. and that is the meaning of the term "according to law." and then. after paying all persons who come forward and make claim. if any amount shall be left. what is done with it? It is taken and placed in the custody of the United States and applied :to the specific purpose of common school education in the Territory of Utah. I would like the Senator from Vermont to point me in the laws administering upon the estates of corporations when they are wound up one single anuogy to this legislation anywhere.
Keywords matched
immigration