New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-06-14
THE PACIFIC RAILROAD.
Report In the House Of Representative from
she Committee on Roads and Cana Is.

E6ccts Of the interest Of capitalists IN The Panama
route, and IN soldiers warrants.
II should be expected that oil the great capitalists
who are interested In the Panama or ls mas route
will oppose Mr. Whitneys- seeing IN the latter.
as they must, the bursting If their own bubble IL
would in the opinion OF your Comm ttee, be inn
possible, except for this interest, TO maintain the
Panama route. 1t is against nature it would be
ia violation OF the true economy OF co mmercia ak
changes as TO climate, as 10 dlstanc e, and as to
time it would be in violation OF Il re rights and
welfare Of the great public as well this country
as of the world; it would be all for u 10 few against
the many and sooner or later 1t niu st fall because
nature has 80 decreed; and II 1t st oud be mala-
tanned as a successful opponent Of Railroad d.
rectly across the continent it woul only be to the
great prejudice of the interests Of our country and
of the world For the present, il is doubtless use
fol- as necessary resort, till 9th mare natural
and more important facilities can be created.
There is another class Of capits,lists naturally OPP
posed TO the Whitney Railroad, viz; the speculs
tors in soldiers warrants. TIL ese land f,ounties.
intended for the benefit OF those who hav served
their country and hazarded the lives in the field.
are eagerly bought up by cap talists for specula-
ton and they will Of course oppose wis all their
influence in and out Of Congress, any pa bic enter
prize designed for the general good wb ich would
be likely TO diminish their chances profit, as
would naturally be the effect Of law 10 build the
Whitney Railroad
Justice to all parts Of tie, cos Etyy.
heain. your Committee would obs rive, that Mr..
Whtney's eastern terminus, on Lakf Michigan, u
rnore equal and fair, for all pHta Of tie United
Ssstse on cnd East Of the Mississ Jpi River, than
ar, cher popt further South, 10 WI apnsar by the
,rssssnrenaent OF distances from a. id terminus on
The rsteg Of transport existing nd farveyed TO
de Atlantic ports North and So ath. For exam
nIs nv ,his rue Mobile is nearer 10 said terminus
bv aO0 hundred miles than Ne w.York, and zoo
miles ne arer than Boston
The great principle o. The HHIaey plan.
Fur.her yoar Committee ou,8 observe, that
one of the great effects Of Mr. Whitney's plan, Sc
cured BY the bill proposed by your Committee, is
10 cheaper the transport OF Pamsngers, goods, and
merchandise across The contine nt 40 that the az
ereaate shall not exceed the cost from year 10
SasI OF keeping the road in lapair, and its ma
ssb;nerv 10 working order. This principle-and it
Il fundamental One---entireiy sapersedes the ne
~sssitv OF ton 70 satisfy the ortay Of capital a. In
Cher and ordinary cases ard the practical eject
~ tie ooerstica Of this principle viii be TO invite
ar Indefinite N incalculab.s snouLs OF CONNER
cial exchanges across the continent betws en the
Atlantic and The Pacific StGtes, between the Allan
he sone ana eastern Asia, and b3tween Europe
and Asia which could net o'ne'w'se De anordsd,
snd Which bot for this, would never take place.
No other pIan Of road, whether by Government o
o,hsrxiSs could ever afford tbis benefit TO cova.
,neyce n the people Of the United States shS IA
hv tina Government and from the public treN 1urv
h1;la This road Il q cost u two TO throe b AIDED
r0ilI;ous-sld il would hardly coat less n sucb
hsads-they coaA not afford TO give 10 to q parties
engaged in commerce, AZ grat1ity, tho io,sres. Of
he outlay, which would be from tweiys 10 eighteen
millions q year. 1t oould never be ~ .pecteI Coz
seaueutly a. Is moro than probable sImos. OF quite
certain. the great objects o. the ,sd would be de-
fsassd-cssssaiy iis most impoS ant object Of avg