New-York daily tribune., 1858-11-29

at this Session and that Congress VIII pot DC re-
quired to devote much time 10 Kansas this Winter.
And, should sny fsesu agitation respecting s1a'ery
arise. We believe tie champions OF the "inst!tu'
o" ton" viii Gas usual) in,te and orig'nl'e IT.
That the President " i'll call attention, in hs Mes
ssQe. 70 the need Of .ilroad from the Mississippi
TO the Pacific, and will urge the construction OF
such Road as Of urgent National necessity Is geo.
eral)y understood. We trust tn recommendation
Will take a practical shape, and that it VII be
heartily responded to by CoDgreis. To brns 81.
Louis within week, journey Of San Francisco.
and thus reduce By three fourth' the cost Of con-
reyinc men, munitions and mails between the East
and the West is National necessity, which ought
to be promptly recognized and satisfied Had such
a Railroad existed throughout the last ten years,
California would haze had at least One Million
white inhabitants by this time, and san Francisco
not less than One Hundred Thousand. Our Pa
cifc and Utah Mails need not have cost nearly so
mnch az they have done, while producing ten'od
the smount actually realized theTefrom. The cost
Of the Itch Expedition might have been saved
altoaether but it could not at the wor:t, have
on. So. with regard 70 our costly ani disceditable
Indian wars on the Columbia and throughout the
interior We hold it dem0nstrable that a Pacific
Railroad would prove measure of National econ-
omy, while it would add more to the poger,
wealth and importance OF our country than the an-
nexston OF all the West Indies.
But we do not like the idea Of having to pay for
three Railroads In order to secure one. Our plan
would be 10 have Congress offer one mile in width
of all Public Lands on each side of Railroad to
the Pacific to whatever responsible person or con
pany should offer tOcontract with ample securities,
TO construct or complete line Of substantial,
double.track Railroad from the Mississippi to the
Pacific, wholly within the boundares Of the United
Statea, within fve years ensuing for the smallest
sum---the money 10 be paid by the Government so
fast as the work was completed and approvei,-
the Road to be and remain the property of its con-
structors, with permanent contract TO convey a
daily mail each way through its entire length for
the rate OF compensation now fixed by Law for trst-
class mail transportation on other routes, and to
transport Tn ted States soldiers agents, mu 1itiOns,
army provisions, &C., &C., at the lowest rates
charged to individuals for like service. We believe
that, by leaving the question Of route open to free
competition, and paying cash down the smallest
bonus for which responsible parties ~ill undertake.
the work, we may have Railroad to the Pacific at
cost TO the Treasury Of not over Twenty Millions
of Dollars. And that cost Will be reimbursed to
the Treasury through the sale Of Public Lands, the
increase Of Imports and Duties, and the saving on
transportation for the Government, before the FIVE
years and the Road will have been completed.
Practically, then, the Ro ID might be had without
cost to the Treasury while il would sa7e il several
Millions per annum evermOre. But should three
Roads be authorized and provided for we c,nno,
hope to live to see either completed while the cost
10 the Government will be incacula5le.
Congress ought. this winter. to give serious and
fixed attention To the National Finances The Trea
sury runs steadily bebiod hand, and Mr.. Cobb's ad
yertisement for further loan Of Ten Millions is
hourly expected. Nor will that sum carry the Gov
eIDment through ls59 without very radical and
utterly improbable reduction of the Expenditures.
We bnow well that large Imports for next Springs
trade are anticipated; but we have already shown
that the means Of paying for those Imports are not
in the country, and to import heavily without
means Of paying is simply 70 increase and aggrayate
the commercial embarrassnents from which We
,Ie now slowly emerging. from such Imports,
the Treasury can only derive momentary flush at
the cost of a succeeding and protracted deficiency.
We can fairly spare for expectation about Three
Hundred Millions worth Of Produce and Mcrchan.
disc per annum; to which Thirty to Cat most Fifty
Millions Of Specie may be added. If we import
beyond this amount-which would afford an Income
of about Fifty Millions under the present Tariff
We only borrow from next years income at enor
nous usufy. We trust, therefore, that Congres,
will manfully face the music, and either impose
direct Taxes or increase Duties TO such an extent a.
nay be required 10 place the Treasury balance on
the right side Of the ledger, and recommence the
paying OFF of our Public Debt. Now is the time TO
act hiciently when the Presidential struggle is
yet distant, and when political and sectional ex-
element has comparatively subsided. We trust
Congress will not adjourn without having acted
docisiyely On this subject. We do not believe in
supporting the Government by Direct Taxation
we believe that revision Of the Tariff in the inter-
est of the depressed branches Of our Home Industry
is impcratiyely required; we do not urge this
or that mode of raising revenue, but that decisive
action be taken in the premises and taken forth
with.