, 1860-04-19

oAH INV H9ff4 II no lEs1 to th1 EtFtrnmant,
and the increase II quantity Of pablie tFsnspos-
the reduction Of prices. Besides, the serTics,
u the work proceeds. viii keep down 3 large
portion ct The interest uamed, aspecin3iy when
i u apparent the bonds viii not al be advanced
M tbs work i all dcne. Il remains TO be shown
whether the sixty millions required from .pri-
"a xa.e capital will be well invested. Tafe from
ms eatatnatea gross icccme per annum the ser
vice, ~ before stated, Ii, ,5Gt, ,G0o aa4 there re-
mains Se3, $40 ,ot1 as the annual receipts TO pay
current repairs, expenses, taxes, aod diEidend5.
Engineers have deterwiued the net cost Of
running train to be about one dollar mile.
ihere are many articles besides fuel that make
up the cost. bus that being the principal item
md fuel being scarcs on the road, we will put
tins cost at three dollars mile. Three through
trains day, each way. will do aii the business
here contemplated. The daily cost would then
Pc eighteen dollars a mile per day, aud on two
theu:s1d nsa miles $4,000 day, and for year
end each day. Take this from so3, ,50o, 900 aud
there remains so 540, 900 to pay rep .irs, taxes,
supervision. and dividends. For repairs, taxeA,
and su7errision say one thousand dotiars
mile, 81. 01,0oo, ana there remains 8, 400, ,000
which IS twelve per cent. per aa1um On The sum
o. s1o.oo09oo 70 which the $50, 900 900 may POT
the wosx.
shall be continued annually after said 7o.d aud
telegraph lines erc completed. showing the an
uual income and expenditures thereof hy items,
nftes th.t time, together With statement OF the
lands remaining nnsoId and the estimated value
1aere3l, aga Of tde lands sod and the amount,
received therefor, and general statement of
tue condition Of said rosd and telegraph line
anc OF the income and expenditures the1eoff for
the year preceding.
SEC. Z. And e II fursI<- eaaafd, Tint said
parties owning OF managing said raiIroaa and
der and repair. md shsll not permit any unrea-
sonaole delay in the transportation Of nails,
troops, and stores sent bY Government on saii
railroad, or in the transmission Of intelligence
By said telegraph line; and il case said parties
shall permit or allow any such unreasonable de-
LAY, Or permit Of aIow said railroad Or telegraph
line to remain improperly out Of repair, such
party shall be subjected tosuch fines and penal
ties therefor as the department. rhoss business
may be neglected shall see 1T to impose.
SEC 8. Anek he IL farther enacted, ThaS the
Secretary Of the Interior shall cause the iands
TO be surveyed {after the routes shall be ixcd)
on the line Of said road 50 far as nccessary, As
fast as may he required BY the construction Of
said railroad, and thelands hereby granted shall
not be liable to sale fexcept by saad party} o.
entry, or presumption, before or after they ara
SEC. 9. Aad b it 5tyta<r e1aeskd, That the
11snt OF way is hereby granted fer said railroad
~--.
tent Of two hundred feet n width on each side
Of said railroad mhere it may pass through the
public domain, in the same manner, in all other
respects, as is provided by lsv in otber cases,
Including all necessary grounds for station
buildings, workshops, depots, and 50 forth and
the right Of Why shnil be exempt from ta1atlon
within tho Territories Of The United States. The
Taited States shall e1tinguish, ss rapidly Is
may be, the 1n1isn titles to ali lands falling
under the operation Of this act, and required
il the donation 10 the road named in this bill.
SEC. Il. 4ind Jr it furs1es tz9es:t1, That ell
minerals Of gold aud silber sud cinsbar, shall
be, and are hereby, reserved and excepted from
the operation of this net; bat to all ID the con
stsuetion Of said railroad aud telegraph Line, said
party may take snd uso carth, stone, timber,
ind other materials, from any lands adjacent 10
said railroad belonging to the United States.
Sec. II. Had BE- i further tn+set*d, That II, At
any time, from any emergency Of Federal af-
fairs, the Government Of the United States
sllall require the Bole aud exclusive uss Of the
railroad eud telegraph line herein provided for,
shall credit said railroad a11 telegraph company
with tbeexcesa OF the gross earning o. the said
railroad aud telegraph line over aud 4bove the
operating expense during the time in which the
Government shau hare had exc}nsis POSSESSION
aud control Of the same
SEC. IL. And b it further enacted, Tha. the
bonds or treasury notas authorized to be issued
By the provisions Of this act shall be made pay
aole to bearer. and Yes1eemable at the Treasury
of tie United States in thirty rears from the
dale thereof, bearing interest At the rate OF fire
d. tue Treasury or the United S;atsx; and It
houd5 be issued, they shall be coupon bonds, or
inscription bnuds, at the election Of the parties
herein named.