The Sun.
London, England, 1868-08-19 00:00:00

aloud that they are a conquered, an enslaved and
degraded people. With pity the world often awards
contempt ; but an Irishman insists upon hav-
ing all he can get from his woes, and all the respect
the most virtuous, brave, strong, and intellectual
people can claim. " The egg-shell fleet" is crumpled
up with great glee. It i 3 of course the British
irouclads, and it is this ignoring of facts, and
travelling into a fool's paradise, which lead
Irishmen so often into mischief. Can the editor
surpose that England does not know how to build
ships? Is he not aware that she could launch two
vessels for every one of equal tonnage the world
combined could float, and put the most powerful
armaments yet invented and constructed on board
England has two enormous advantages, which make
her the most dangerous of Powers. The first is an
almost unlimited wealth and credit ; the second is,
the greatest mechanical facilities anywhere to be
found, perhaps equalling those of all other nations
put together. The debate in Congress is next dis-
cussed on the question of naturalized citizens.
Senator Conness is, of cause, held up as au
example, and his words given in reply to
Sumner, who had spoken of war, to show how little
effect it had in toning him down. We should
think not, for it is the avowed purpose of his sec-
tion to involve America in war with England, on
behalf of the Fenian party in Ireland. The ques-
tion which " hounds" like Charles Francis Adams,
for instance, have to consider is what is the Ame-
rican interest involved. The Irish claim to number
six millions naturalized and native-born citizens of
Irish descent. Allowing this, although we dispute
first that the descendants of the Irish are Irish, and
next that all the Irish are of one mind—there are
six millions against thirty, and when they claim to
sacrifice the interest of the vast majority for their
own, the assumption is simply monstrous. Now
they do this with an ill-concealed threat, and they
back that threat by an illegal organization, which
means more War to Americans than to English-
men. Indeed, it is plainly announced, and has on
two occasions been attempted, that the attack is
against the Americans who reside on the left bank
of the St. Lawrence, and it is openly stated in
American papers that there is a conspiracy on foot
to force General Grant into the unpopular position
of repression, with a view of injuring his chances of
the Presidential election ! Irishmen must remem-
ber that American interests cannot be sacrificed to
the achievement of foreign objects ; and already the
symptoms are transpiring of the rise of the Know-
Nothing party to meet an organization in truth hos-
tile to American interest, by another organization.
And what is the object for which the Irishin America
strive? If Irish Reform—they take the means to
defeat it ; for Who can doubt that, in case of war,
England, would rule there by the strong arm, i❑
spite of any combination ; while the progress of the
Reform now in operation would be at once inter-
rupted. There is nothing more certain than that
the English are earnestly anxious to conciliate Ire-
land and to obliterate every vestige of a wrong.
It is also apparent that Americans are growing,
weary, and even alarmed, at the Fenian organiza-
tion, and that this will be unmistakeably shown
when the Presidential election ends. We hope that
in the interim this agitation will lessen, and that
the year will see its end in the Irish measures of a
Reformed Parliament, and in the election of a new
, President.

THE UNION PACIFIC RAILROAD, THE
CREDIT MOBILIER, AND THE CREDIT
FONCIER.
(By George Francis Train.)

(From the Anylo-American Times.)
_ . .

The following account of the Union Pacific Railroad
by George Francis Train, will bo read with interest. That
line daily excites more and more attention not only in the
United States, but abroad. At home, while Americans are
proud of the enterprise, considering it to be ono of the
greatest of man's achievements, they dread the usual
corruption and jobbery which fasten on such magnificent
undertakings. Already a Pacific Railway ring has been
formed at Washington, and it is asserted that the work,
is scamped, as it is hurried along to secure the Govern-
ment subsidies, and to meet the expectations of
the nation that it may be opened on the next
Fourth of July, but such successful companies can-
not hope to escape jealousy and detraction. Even
' the London Times now anticipates a quick turn iu the tide
of travel, and alludes to the completion of this monster
enterprise as a main element in the success of the new
French Atlantic Telegraph Company, as the intercourse
with CLina and the countries of the extreme East will
wholly flow by this route. From the commencement the
Anglo- American Times has directed attention to this ; and
although it will come upon many with surprise, and de-
range existing interests, those who keep their eyes open
ought not to bo taken aback at the extraordinary change
in the direction of Eastern travel on the eve of which we
now are. Mr. Train's account is in reply to the following
remarks iu our last week's issue.—! En. A.A.T.I

[Trains now run over 700 miles of the Union Pacific
Railway. The United States Commissioners have have
examined and accepted 1,680 miles, and it is expected that
900 will be finished before the year ends, as there are
20,000 men at work on the line, and the whole will be
opened before the close of 1869. A case is reported in the
London papers, taken from an American journal, against
the directors. An affidavit, made in the Court of the
United States, accused them of jobbing away. the land
through the Credit Foncier of America, so as to deprive
the stockholders of the benefit. It is asserted that these
directors sit also on the Board of the Credit Foncier, and
while they deprive the Union Pacific shareholders Of the
bountiful gift Uncle sam has bestowed, they mop it all up
themselves through. the Finance Company. Perhaps
George Francis Train can throw some light on this sub-
ject, and dissipate a scandal against the greatest corpora-
tion in the world.—Anglo-Americans Times.]
Four Courts, Marshalsea, Dublin,
g. 9, 1868.
How few in Europe, or even in America, are aware that
these Three Great Institutions were organized over my
table, in my house in Madison-avenue. In 1862 I left Eng-
land for America, with the determination to checkmate
England for ripping up my tramways (because 1 fought
for the Union, keeping the flag flying over the London
American when I could little afford the money—Thurlow
Weed, George Peabody, and Charles Francis Adams all
refusing to assist, although Mr.. Seward sent me £2O
from his private purse), by building a railroad to China via
the Rocky Mountains, some day I will write its history
from original documents. Thomas C. Durant, a Wall-
street millionaire, who was arrested with ma at Cork
while we were on our way to examine the tunnel at Mount
Cenis, was the man I selected for a base of operations.
The charter was $100,000,000 Bill of 1862; $16,000 a
mile. Ist section, $48,000 in mountains ; $32,000 3d sec-
tion; and $16,000 was the grant. The Bonds, Six per
Cent. Government, were $50,000,000, and the grant
amounted to $20,000,000 acres; $2,000,000 had to be sub-
scribed ; $200,000 paid up. .ourant and my friends
having $160,000 out of $200,000 got control, electing
General Dix, President. Cisco Turner and my father-in-
law,eo G .T. M. Davis, Bushnel, and General Dix were
appointed a committee to make a contract. That contract
was given to H. M. Hoxie, Durant's nominee: That
done, I put the first pick in the sand and broke
ground at Omaha, Dec. 20, 1863. Having got thus far I
bought the old Duff Green Charter, giving great prices—
known as the Pennsylvania Fiscal Agency—and elected
Thomas C. Durant president Singular enough, I happen
to have a copy of the original purchase with me, and as it
is now history, known to the world through the Anglo-
American Times for the first time, I hereby send it to you.
(Don't forget that I am in a British Bastille for a debt paid
by this same Durant four years ago to a partner of the
Ebbw Vale Company in the Atlantic and Great Western
Railway, while I am reciting this strange story.)

A HISTORICAL DOCUMENT, PUBLISHED TO-DAY FOR. THE

FIRST TIMII.

Agreement between George Francis Train, Oliver W.
Barnes, Charles M. Hall, to wit —lst, Five thousand
dollars ($5,000) 'cash, on transfer of stock in the
Pennsylvania Fiscal Agency, held by Barnes and
Hall ; 2d, Fifteen thousand dollars in full paid
stock, with the optidn to either Barnes or Hall
to exchange the whole or any part of the full paid
stock for shares on which an instalment of ton dollars pet
share shall be marked paid to an equal amount within [2
months. The $15,000 of full paid stock to be issued upon
the reorganization of the Board of Directors.
3d. Barnes and Hall are to pay Mr. French, of New
York, his commission out of tho above $15,000 of stock.
4th. Barnes and Hall agree to assist in getting the
name changed at the expense of Train and his associates.
sth. The present directors to resign upon the reorgani-
zation of the company upon request being made by the.
said Train.

Witness our hands this second day of March, A.D. 186
(Signed) Cals. M. lIALL.
• OLIVER W. BARNES.
GEO. FRANCIS TRAIN.

I thou went to Harrisburg, and at an expense of $5O,
got the Ponns,ylvania Fiscal Agency &clanged to the Credi

Mobilier of America. My next move was to raise the
capital; and I have the original letters of W. 11. Macy,
W. 11. Gunn, W. T. Glidden, T. M. S. Williams, Oakes;
Ames, and others, who subscribed the first $1,600,000 in
16 shares of $lOO,OOO each.
This letter is now for tho first time submitted to the
subscribers to the Central, and is also historical.
Boston, Dec. 1, 1861.

Geo. F. Lain, Esq., New York.
Dear Sir,—Yours received. I find Williams has now
no desire to be a director, and, besides, he agrees with you
that in his present relations he ought not to be. I called
to see you yesterday evening, and not finding you in, made
known the object of my visit to Mr. Durant. Please say
to him that my friend Cruwell would like the 1-64th, and