The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-08-21

The opportunity we possess calls upon us as a
nation to achieve Of the graude enterprises for
subduing and ciyiliaing the world that Was ever
offered TO man. refer 10 the building OF the Allan
tic and Pacific railway. Even the Union itself.
from one extreme 70 tho other cannot long he pre-
served without Il. II InnRt be done. Hut why have
we not yet set about ia The reason is. think 70
be found in tho Impractical nature Of the schemes
proposed for it's accomplishment The Whitney
scheme demands that its inventor shall be made
nabob by pubic grant Of princcly domain. sixty
mules wide aud two thousand miles long and re.
qulres at least two hundred years for It's compile.
ton. The proposition il absurd. This giorions
work should be more national, more republican.
more democratic than THAT. A Joint stock company
might be formed, 10 have capital Of say one hnn.
drcd millions ~ dollars. The balance Of the stock
nos taken by individuals 10 BE- all subscribed by the
United states government, which should, ia sddi-
ton thereto, guarantee IN annual dividend OF six
per cent TO al individual stockholders. 70 be paid
ont q The national treasury. The Wild land taken
for the roadway u be valued and taken as part Of
the government subscription. A Temporary iron
track to be Immediately laid without waiting 10 have
II graded with stationary steam power wherever
necessary TO cid in the construction OF the pernla-
nent track, and for the transportation Ut materials
PROVISIONS, workmen. Passengers. SC. A line OF
telegraph should aiso h. provided for a single
permanent truck. graded and well constructed
Bufs To san FnDrLco, NTH a branch from
Utah to Oregon. A double track 20 he constructed
after the first has been pvt in operation. Gov
eminent TO establish Al Office COR the ale and uaHs
fer OF stock Ia amounts pot less than II 600 and to
offer its stock for sale 40 long any remains hand
Stockholders 10 be entitled 10 nlBihee ~ votes
cofdng 10 the namte. of share- held rs each. Con.
gress u elect directors for the road Annually on is
part, according 70 the number " government
sharcs- The rest Of the drectors 70 b. elected In
fo<khcLdcrs' meeting, by the individual siocLhold-
ers. The President OF the United states might also
be director ,r oEcto, long government. should
be stochhoider. Treasury notes, payable on demand
Of tho various subtreasIries. might bc authorized
10 TO Issued. and permanent loan also obtained ~
meet them when offered. and TO aid in the constric
fion OF the road Subscriptions 10 the stock TO be
paid into. and all payments % b. made from tis
United states tresuYy, rDtd the management Of the
road shall G soaunfsrly surrendered 10 the compa-
ny. By thfse means the locomotive could b. sent
through 10 California on single track. in less than
three yesfs The immediate l0ying OF a temporary
truck. roughly guided would facilitate ibc delivery OF
men and supplies al AL nscessay points and sibrd
tole,lIle rvtc IN the gold regions IL would rapidly
build up business for the rus. by inducing sett-
meHt- along its line. The whole % The permanent
track could bc put under contract ~ different CON
tartos1 Ut once, and passengers b soon carried IN
California Ia the space OF week. Al tho rate Of
cent per mile, and ye. pay good Dividends There
would IT. no lack "A snbcribers 10 tho stock, AMI IN
very few years government could surrender the
management q the road entirely TO the company.
The stock could never dcp-tciate. and tic sompsny
4! need contract permsncnt debt. The six
| per cen. prid BY goegnmeD. 10 She stock.
! bo.lers vouA be charge against tie com-
! psny, with other expsa~es, bit future profit
! md scryices In carrying The mil. &C.. wcald
| cancel tho debt Tie rise ol lands on thu ruass
| woph more than pey The cost 81 tue whole road
1 CsiiivIns and the Mississippi valley, would profit
| enormously b, the trade that would sprng up, md
| the commerce 81 tic world would pour through Ame
riesn channels, and is wealth woad GIL The lap Of
the American rnloa. "rhe far Fast would become
/ "ti~ fsx Wet The New World woed aoou h~ too
sroall 10 costain Us. and oar enterprise world mako
tho shores ot Asia rcsouud, and ~ wilderness %
blossom the rose~ The roa truck aud the march
o. free institutions would progress until II lid rcso-
lufsonzed the whole earth, and thus Ass, ard esen
Earcpc, would beccme democratic and republican.
Then, midsummer trip 70 tho North pole, would he
bat iieaA'1o excursion. and tao or thrtc months
would be ample lrss enough for voyage sroar The
! Fffa q. A. BArp. Iascrter, Ms9