New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-06-05

no such bill cbn pass. III rs very well 10 ASK "n
consin and Minnesota, hl.bams and Texas, to
COZ cur in spending Fifty Millions Of the money OF
the entire Union to construct Railroad from
Missouri and Iowa, either or both Of them, to San
Froncisco; but sirce they will perslstently say
No, aud you have no power to make them say
Y,s, what ore you gong t. do about 1t - What
can you do but defer to the inevitable
We want the Road somehow, anyhow; and 1t Is
because we do want it that we desire more
widely acceptable measure to repldcc Col. Curtiss
bill. Minnesota and Wisconsin VIII not oppose
Pacific Railroad starting from Iowa aud Missouri
pyorided that route shall be deliberately chosen Dy
the contractors or constructors as the DeSt; tney
will and must object to its being prescribed by an
arbitrary vote of Congress. Leave the question Oh
route entirely open, ard simply enact that which
ever responsible person or company shaii oher
TO construct on the most favorable terms sub
stantial double-track Railroad from the navlgable
waters of the Mississippi or Missouri wholly
through the territories of the United States to nav
igable waters communicating with the Pacific
Ocean, shall be contracted with and aided by the
lions of dollars for the entire work, or - thou
sand dollars per mile for the entire length Of said
road, provided it does not exceed two thousand
miles, or for two thousand miles of it, should
longer route be chosen; and the work will
be done Such bill can be carried and the build
ing of the road will follow. The Government may
be as exacting as il shall see fit in the matter OF
security; it may require onetenth or more OF the
entire Road to be completed in each year after the
present; it may exact that the constructing Com
parry shall expend Ten Millions Of its own money
before il touches the first dollar from the Treasury;
it nay forbid the Company to contract single dol
lar of debt other than to the Government, and to
give first mortgage for the advances from the
Treasury. conditioned that all Mails, Munitions,
Troops. Stores, Agents Messengers, &c, that the
Government may see fit to send over the Road,
shall be taken at its lowest price and charged as
so much paid the Government, in reduction of its
debt still, the Road vii, be built, and the cost to
the Nation will not exceed Fifty Millions, every
dollar of which will have been saved or repaid to
the Treasury, within the next twenty years.
The vital fact in the premises is ths-The Pa
cifc Railroad ciH prore paying enterprise. Prop
ely located Gas it will be if Congress lets the
question Of route severely aone), and built by men
of capital and business capacity as cash invest
ment, it will pay seven per cent. on its entire cost
within the second year after its completlon; and
as the Government can borrow the Fifty Millions
it may safely invest in first mortgage upon it for
lot over four per cent, and ought not to ask the
company a higher rate, having the best security
and he certainty of saving at least the current
interest on its Fifty Millions in the cheapenDg of
its Army and Mail transportation, there will be
from eight to ten per cent left for the stockhold-
ers; or they may divide seven per cent. per an
nun and pay off the Governments advance
within twenty or thirty years. All that is
required lie that the work go into the hands of
the right men: and this will be secured if the Gov
eminent does not intermeddle with the matter fur
Their than to see that the Road is duly constructed
and its lien made secure We can convince any
number of business men that the Road will be Il
paving investment if they will give days atten
ton al d. if bar krupts and swndlers should attempt
it, they can never build the first hundred miles.
Make the stockholders pay in and pay out Ten
DIIlOls DtIoicthty get u uohdi HUN inc iicdouiyj
then give them 0OO0 per mile as they progress,
ard the residue of whatever is stipulated the day
their work is finished and accepted, and the work
will be done, and the National Revenue increased
by Millions at no ultimate cost whatever to the
Treasury.
-" But this will give the Road to Texas and the
4" South, " we are told in tone of remonstrauce.
We reply that we don't believe it; but if il does,
LET it If the South stands ready to build a Rail
road to the Pacific at less cost TO the Government
than the North will undertake it for, then the
South must take it, Only guard thoroughly
against bogus bids, and we are ready to see the
South take the Road if she will in good faith build
it at less cost to the Government than is required
to construct it Oh more northerly route. And,
as TO The bugbear that a Southern road will not
answer the National ends in view, we have only to
say that if the South shall take the contract and
Northern road (unaided by the GOyernment) shall
not be finished 20 soon as if not sooner than the
Southern, We shall be grievousy mistaken Only
get a Southern road fairly started, and Northern
will build itself. And it will pay for itself more.
over, though not so speedily nor beautifully as
it would if it were to be the Governments protege
ar favorte. But give Us free and fair competi.
ton, and never fear that the best will not come
out ahead.
THE TRADE In NEGROES.