New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-11-09

fa;r sueees. in its negotiation Of State Bonds, 10
Directors bid fair to complete and equip
their road in good time, and without incur
ring staggering debt. AZ this, when run
ming, will be the FIRST raroad connect,5
the head of navigation OF the Mississippi WIKI tue
railroad system Of the country, and VII so cou'
time for probably several years, its prospects tor
profitable through traffic are promising, while tue
excellent character of the region through which II
runs thicky settled ard cultivated IL already Is,
Injuries il the lucrative way BUSINESS after the iron
horse shall have penetrated from other directions
"a 81. Paul.
The discovery of the Fraser River Gold Mines
TO have occurred Just 1t the precise time 10
decide the route of tbs great Pacific Railroad IN
favor Of the Northwest. Ii has long been known
to intelligent men that the extreme northern route
10 the Pacific IS by far the most feasible in every
respect siiordine as il does rich arabic SOIL with
plenty of timber and water, along an almost
natural hchway for nearly the entire distance, and
good river navigation tor thousand mites and
over into the bargain. But ali these advantages
by " bich nature has clearly traced the route of
the - Highway of the Nations" have weighed
little against the fierce political and sectional
preiUdices which have been used IN and
Of middle and southern routes. Gold, how
ever, is King Of Commerce and Cotton,
and its DEGREES unalterable, omnipotent. Emf
grants from the Eastern States seeking the new
eoh6elds OF the Pacific have already demonstrated
the entire praeticabiiiy of the northwest passage
across the continent and through the Rocky Noun
tains and the giant association of traders in British
America-the Hudson's Bay Compsny-sre now
preparing to open this route "a their possessions
for purposes of emigrstlOn and transportation.
The Galena and Minnesota Packet Company, in
connection with Canadian Company, are under
contract with the IIudson's Bay Company Ia build.
next season, two steamers on the Red River of the
North, 10 ply on the waters of the Red and Sas-
kaicheWsn Rivers, transporting the immense
supplies Of the Company from the head Of the nav
igatiOn Of Red River, which point they will reach
via the Mississippi River and overland from st.
Paul, to their numerous posts on these streams.
An agent of the Gaena Company has just returned
from examination of the Red River with refer
ence to this project and his report is in every re-
spect favorable. These steamers will run from the
confluence of the Cheyenne and Red Rivers, dis
tant $50 miles from St. Paul, almost to the very
base of the Rocky Mountains. With n grant of
lands such as the Minnesota and Pacific Railroad
Company possesses, more than sufficient in the
hands OF competent men TO build a railroad from
1t. Paul to the mouth of the Cheyenne and run
ming through a region of splendid agricultural re-
sources, Astounding in wood and water and blessed
by delightful climate. who can doubt that the
first railroad connecting the Atantic and Pacific
OceaLs Will traverse the State of Minnesota Mr.
buchanan may recommend 10 Congress Southern
route, as be IL reported to be about TO do; but
mighiier power than Executive favor is now at
work to baad the Northern road. PIONEER.