Thus it will be seen that the contractors will have, of their probable expenses, more than two-thirds of a million, or $57,250 each voyage, to be made by commerce and passengers, independent of the Government pay and the profit from the Colonization Society. It is quite evident that any further profit, beyond the ordinary rate of interest at 6 per cent., will be contingent upon the success of the enterprise in stimulating commerce with the United States at the points regularly touched by these steamers. The contractors have confidence in this, and the committee do not doubt that their confidence will be rewarded to a reasonable extent. It will be observed, that as the Colonization Society now pay for the transportation of emigrants to Liberia, in sailing vessels, no less than $30 per head, the proposed arrangement will make the actual cost eventually less than this, even adding the amount to be paid by the United States for this service, to the amount to be paid by the said society, without estimating the receipt from mails, which will probably be large. At the commencement of operations, when it is estimated that the first two ships will carry out 1000 or 1500 emigrants for each voyage, the cost will be little more than it is at present, while the passage will be quicker, pleasanter, and healthier, offering great inducements to emigrants, and placing them upon the shores of Liberia in a sound and efficient condition. As the capacity of the colony to receive a large number of emigrants increases, the ratio of expense will be diminished; and it cannot be doubted, that eventually, as the number of emigrants will increase, the cost of transportation will relatively diminish. The committee do not recommend the acceptance of the proposition of the memorialists, that they shall be permitted to import the produce of Liberia into this country free of duty; on the contrary, it is believed to be better, for obvious reasons, to enter into no such stipulations, but to confine the remuneration, whatever it may be, to a direct payment of money. In the above estimates, the committee have endeavored, as far as possible, to arrive at just conclusions; while at the same time, in view of the great public objects to be attained by the establishment of the proposed line of steamships, they have not deemed it inconsistent with the just liberality of the Government, that those who have had the sagacity to conceive, and who have the ability faithfully to carry out this noble project, should have at least a contingent opportunity of deriving a handsome profit from their enterprise. Considering the hazards involved in it, the committee believe their estimates to be fair and just to both parties. The committee report a bill accordingly, to which they ask the favorable consideration of the House. Reported from the Committee by