The New York herald., 1863-06-06
NEW YORK HERALD SATURDAY JUNE g. 1868 rRPIE SHEET

SHEET.
excitement which brvught Louis Napoleon 70
the Presidency of Frxnce. Now we see M.
Theirs coming out as the candidate OF sne
Orleanists, and we find Napoleon III. attacking
violently the man to whom, perhaps, more tnan
any other, he owes his throne. That M. Thiers
should come forward as the avowed candidate
of the Orleanists proves their vast increase OF
power.
Another eminent member Of the old Parlia-
mentary assemblies. ell known liberal-M.
OdilIon Barrot-has me forward in opposi-
tioA to the government candidate al Strasbourg.
He announces his intention, If elected OF OPP
posing with all his influence the dangerous in
discretions of unchecked authority. He ad-
verts to the growing expenditure of the govern
ment as fearful evil. and in fact plainly states
that shouli he be elected he will do all in his
power to exercise certain control over the
agents Of the government. Napoleon is aware
that his power has but slender hold upon the
ever disloyal French people. He we'll knows.
that his actions will not bear discussion, and he
will doubtless do all in his power to defeat the
opposition candidates. But still, even in France,
there are limits to power, and should too many
of them be elected the existence of the empire
would surely be jeopardized. We shall await
with interest the results of the elections in
France.
Tho Pacific RsIlPoad-General Frrem0nt's
New Comm
No houo hoI 10 Erou
Washington lately of an intended appointment
Of General Fremont to q new command Of great
Importance, including mighty army of contra
bands. From the best authority we are en-
abled to say that this appointment has been
made; that General Fremonts new command is
that of President of the "Union Pacific Railroad
Company;" that his line of operations will ex-
tend from Kansas to the Pacific Ocean, the
largest department of any Of our generals in
the field; that his headquarters will be in New
York; that the General has applied to the Pre-
sident of the United States for authority to en-
rol and employ in the service of the company .
large force of working contrabands, and that
great enterprise in hand, the company shall
have as many contrabands as their treasurer
can find money to pay.
The law providing for the Pacific Railroad was
passed at the first session of the last Congress.
1t comprehended the cooperation Of several
companies, and gave them very liberal grants
and franchises to induce them to enter at once
upon the great work. On account of the dis
turbing influences of the rebellion, however,
nothing has been done until very recently to-
wards q general organization for breaking
ground. Two of the minor companies en-
braced in the grants of Congress had sufficient
stamina to accept the munihcent offers made
them, and to proceed to business. These were
the "Central Railroad" of California, and the
"Leavenworth, Pawnee and Western Railroad"
of Kansas, both Of WHICH diligently and sue
cessfully undertook to get their affairs into
practical working condition. The California
company, at the western terminus of the great
line, have comparatively but q short road to
construct. 1t is already well under way, and
will soon be completed from local contribu-
tions. The Kansas company, at the eastern
terminus of the great line, with their rich en-
dowments from the government, have found
in New York capitalists with sufficient fore
sight and enterprise to purchase their fran
chise and to raise the necessary funds to In
sure the speedy completion Of the road.
The first steps of the new company have
been to change the name Of their road to the
"Union Pacific Railway, Eastern Division" and
to elect General Fremont President. This is
done at very opportune moment for the
General, who, having sold out his Mariposa
gold mines, and having thereby some eight
or ten millions Of capital in his hands, will find
in the "Union Pacific Railway" splendid op-
portunity for q profitable employment of his
money, his typographical knowledge and inti-
mate experience Of all the vast regions Of
plains and mountains to be traversed by the
road. Twenty years ago, from his first explo-
rations of these regions. as young lieutenant
Of the army engineers, the HERALD contributed
its share to giving him his title Of the "Path-
fnder,n and the line Of this great continental
railway is his proper department, contrabands
and all.
The chief credit of the negotiations which
have resulted in putting the Kansas road into
the hands Of moneyed men, and in thus secur-
ing the building Of the entire line to the Pacific,
seems to be due to Samuel Hallett, Of this city,
one Of our most enterprising and sagacious
bankers in great undertakings of this character.
His firm are to be the bankers of the company,
and the company thus secures an influential
European correspondence, extending to the
capitalists of Paris and Madrid. 1t was through
Mr.. HalleH that the powerful Senor Salamanca
was induced TO advance the funds for the con-
struction of the Atlantic and Great Western
Railroad, work which, from the rapid pro-
gress of Its construction, would justify the
conclusion that under similar management the
Pacific road can be completed within three
years from the present day.