, 1860-04-19

We publish this ,nor:inE, Gu tile Third page
# tie PREss Ann TRlnrSE, the Report Of tho
Pacific Railroad Committee and the bill intro |
luced by them. The great importance Of tic
subject is sufficient apology for tho large |
epace which we devote to tie publication Of |
Lhcso documents.
The Report has appended to it the sigma
lures Of all the mcmuess Of tho special con-
1nit.ee Of si1teen-a !acs which puzzles lis |
as it recommends but one road, ard |
that, too, on the Central route, while it has
heen understood that minority Of the Com
rnstteo insisted upon the building e. n
Southern IN addition 10 u Corr, cr
Northern Road. But at nil o. ents the bill
and report cmbody tho visv s Of : maiori.v Of
tue Committee and w' hope Of a large mn
;osity Of tho Hcu',.. Tle Report is N allie
document and will amply repay an attentive
pcrusa9. 1 % arguments relative to the ad-
vansag.et and necessities Of Railroad acgoss
'bs Co. ...tinent, 10 connect the Pacific with tie
Ana .etic coasts Of the continent, are al.acst
sr4perfiuous as tue whole nation has become
convinced in that regard. The people lavo
talked about this Road until every one has
been convinced and al have declared: "Let
bill be passed, and the great work be speedily
cou1nsnced"
Tie argument in favor of the Central route,
II but one Road is to bo built) is conclusive
and irresistible. 1t is shown to be The short
est line to San Francisco, by from threo to
FIVE hundred miles. It Gu be built more
e<:f'saply, and will accommodate directly mere
'population and commerce than any other
route. As great trunk line it can be more
readily aud easily intersected BY branches
from the North and South, than any other prc-
jected line. In order to escape sectional jeal-
cusies and aatagoaisms; the Eastern end Of tie
Road will commence ut two points on the Ms
sour; river, one from Missouri, slave State, ard
tbs other from Iowa, a free State, and the two
viii converge together at or near Fl Kearncy
OIL the Platte, 200 miles west Of The place If
beginning. Tao starting points are lsit to tie
company to select but it might be safe to de-
signsto Kansas City, at the mouth Of the Kax
river, or St. Joseph and OMAHA City, opposite
Council Bluffs, as tie probable initial points
ttlst would 10 fixed upon hy the corporators.
But the important thing in this whole raa:-
ter is the mode Of granting Government aid.
Tbs extent Of tho assistance and the conditions
upon which it is given, does not ccrtninly ex-
eeed tho Limit Of liberasity which tho people
have had in mind. The only fear is, that tie
bill is too parsimonlous, and that private c.l :;
talists may not De found who will advance Il q
residue Of the requisite Funds on the terms
dictated. Tho Report estimates the cost cf
the Road at one huaa.c ed nnd twenty millions.
The Goycrumen. is to loan tue Company half
'bat amount in thirty years. bonds, bsarir.
5ire per cent lrterost. This advance in toIc
secured hy 6zst mortgage aud 10 be Eeraid i.
:orvlccs o. transportation, such as carrying
mails, tr.ops, agents, stores and munitions, ard
IN o!a'graphing. This advance Of bonds is 'e
lie rAado US fast as tho work progresses. Ti4s
AMOUNT Of aid is graduated, increasing from
each end to tie middle. Beginning will
$4,000 mile, for tho FIRST degree ef longitude
through which tue road will pass, the auoun
IL increased by $4,000 for each degree uni
it reaches the Rocky Mountains, whcu tn
amount per mile will be about $50.0o0
From tho Rocky Mountains westward, til
subsidy decreases at the ratio OF $1,000 pr
degree Of Longitude, ending at 81, 900 at tn
west siis Of the Sierra Nevada range. aEt
from there to San francisco, $l2. 900 per laile
Tile average MD ior tlle 7sllole distance
from river TO ocean. is so, 900 per mile. IT,.
length Of the ROAD is estimated at about so
miles; hut the fsrked eastern ond will add 20
mites, milking tie entire line 1000 miles j;
round nuubsra.
TIC bill grants tho company every altcrr:!
section Of the public domain through whicl
the read passes within QUO mile thereof at
very properly requires TINT thu iron Of wiic
it shall be built must bc of American mat,
factura. The bill designates certain rromins1
ctizons Of different States who are to forn
with their associates, the Company who arc I
construct the road The Company Is charge
i've per cont interest On tho money loaned
by the Government. Tbs first draft Of t.;
bill charged no interest, but only required I'll
repayment Of the principal. We fsar til:
charging interest and also taking first r,or
gass may lave the effect Of. deterring cap
talin1s from cmbarking t.seir means
this vast undertaking. The intere:
c.ause should 10 stricken sut. Tho csunsY
can amply afford to donate the interest G
honda for the sake of making sarc Of tho col
struction Of tie Road. 4 vast majority Of Il
people would bc rsrfsc.lr willing to doaa
both principal and interest 10 any coupar
who will huill them great Central Railtoa
10 tho Pacific. But w. withhold farther cor
1uents, and request Our readers 10 pcruse ii
Report snd tho biu accompanying it, and thu
sit down and write to their Representative
and Senators not to adjourn Congress ua'
they have passed the blu or at least brous1
tito = vote, with the yeas md nays rscord'
on it.
The UoArd Of Trade and the Nectpru
1ty T:eA1T-
At tho meeting Ct the Board Of Trade vest.
d.r fhn fn1tnu;,v rraar1flc and rcsoinfinn rSe