"The said contractors shall further agree to carry to Liberia so many emigrants being free persons of color, and not exceeding twenty-five hundred for each voyage, as the American Colonization Society may require, upon the payment by said Society of ten dollars for each emigrant over twelve years of age, and five dollars for each one under that age, these sums, respectively, to include all charges for baggage of emigrants and the daily supply of sailors' rations. The contractors, also, to carry, bring back, and accommodate, free from charge, all necessary agents of the said Society. "The Secretary of the Navy shall further stipulate to advance to said contractors, as the building of said ships shall progress, two thirds of the amount expended thereon; such advances to be made in the bonds of the United States, payable thirty years after date, and bearing five per cent. interest, and not to exceed six hundred thousand dollars for each ship. And the said contractors shall stipulate to repay the said advances in equal annual instalments, with interest from the date of the completion of said ships until the termination of the contract, which shall continue fifteen years from the commencement of the service. The Secretary of the Navy to require ample security for the faithful performance of the contract, and to reserve a lien upon the ships for the sum advanced. The Government to pay said contractors forty thousand dollars for each trip, or four hundred and eighty thousand dollars per annum. "SEC. 2. _And be it further enacted_, That the President of the United States shall cause to be issued the bonds of the United States, as the same may, from time to time, be required by the Secretary of the Navy to carry out the contract aforesaid." Public sentiment, North and South, was greatly in favor of the measure. T. J. Durant, Esq., of New Orleans, in an elaborate letter addressed to the "Commercial Bulletin" of New Orleans, under date of September 12, 1850, answered objections, and warmly urged the passage of the bill. The Chaplain of the U. S. Senate, Rev. R. R. Gurley, wrote a letter on the 10th of October, 1850, to George N. Saunders, Esq., urging the measure as of paramount importance to both America and Africa. The press of the country generally endorsed the bill, and commented upon the general good to follow in numerous editorials. A scheme of such gigantic proportions poorly set forth the profound thought that harassed the public mind in regard to the crime of keeping men in slavery. A few extracts from the papers will suffice to show how the matter was regarded. EXTRACTS FROM THE PRESS.