New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-02-05
THE PANAMA. RAILROAD.

This uObe enterprise was so nearly completed
at tie last adyces from the lsthmus that no doubt
rem aimed of the passage of cars from Aspnwill
10 Panama before the middle Of this month, and
the George Law, which leaves to day, will take
out party Of promoters and friends Of the Road
to celebrate its completion. We believe they ex-
pect to pass formally over the whole line on
the 18th inst. and unite with the people of Pani-
ma in congratulations over this triumph of we'll
directed enterprise and energy.
In whatever light regarded, this success seems
more auspicious and benefcent than any achieved
since the invention of the Magnetic Telegraph.
1t brings the shores and islands Of the Pacific,
with even China and Australia, practically nearer
to Western Europe and Eastern America thin
they have hitherto been. Simply as saving oil
the interest on capital invested in the trade oil the
Pacific. the influence of this Railroad will be felt
throughout the commercial world. A cargo Of
Teas, or Oil, or Bone, or Hides, or Wool, at
PsDams,i henceforth within fifteen days passage
of New York, while it has hitherto been several
months distant from any Atlantic port OF North
America. We do not assume that the great mass
of these products will at once seek their destins-
tion across the Isthmus-we presume they will
not-yet every months successful and satisfic-
tory operation Of this Road will tend to increase
the number and value of the staples thus trans
ported. Ultimately, we think whaleships viii
remain in the Pacific till worn out, being Teftted
and renamed there, while their cargoes aud
discharged crews will make their way hone.
ward by the Panama Road. Already We hear
that a large contract for freighting
Coal for the Pacific steamers has been offered
to the Company at literally rsmuneratiDg
price-(they receive, we understand, 81 per tun
for its transportation in bags, which 10 a
saving Of So per tun and two months in
time to those for whom it is transported) -
and the dispatchiDg of Coal to Pansm,,
Acapulco or San Francisco, by the tedious and
costly route around Cape Horn, is doubtless at an
end. The naked interest on its value while
making that long journey would almost pay the
first cost of its freightage across the Isthuus.
And we shall soon see that whsteyer shall here
after be shipped hence to be eaten, drank or
worn in Californ will take the short cut, eachng
it's destination within the month succeeding its
shipment This will tend to insure compar alive
regularity in the California trade, which has hith;
erto been wildly speculative, because no m.n
could foresee, at the time Of dispstching cargo
via Cape Horn, what would be the state Of the
market on its arrival q. San Francisco. In short
the propristors and builders Of the Panama Rail
road have rendered an important service to man
kind, and, though We do not happen to know one
person as Of their number, We srdently trust hal
they may realize generou, recompense FOX theil
investmeLt and hazard.
E-And this impels US to remark that the publ,
spirit evinced in Railroad building has never yei
been fairly appreciated BY our citizens. We dc
not refer to the miserable drvel about "Mono-
"polies," Chartered Privileges" "soulles'
" Corporations, &c, with sich the public sense
il ususeated. We presume those who take seocl