New-York tribune., 1866-04-27

IRON III circular requesting 1ueIDtio liOAh
vote for the bill. He had made computation OF ,Ie I
amount for which the United States would be haDIe
under this bill, and the amount was 5OOO ile
sent the desk and had read extract from Iape
published by the Directors Of the Company estimating me
value Of the land granted ct SH36OOOO0 and the entre
cost Of the road at Sl2000O0OO leaving to the snare
holders clear profit of S35360O000 This, be said was
the representation when the company wanted to attract
capital and yet it TO Congress now asking further
subsidies. ..
would be an excellent security for the guarantee asked
from the Government,
Mr. FARNswoRTH replied that the object sought for in
the passage of the bill speculative one, IN order
that the present Directors might sell out as others mao
done. lie did not believe the country needed second
railroad TO the Pacific and he thought better that te
$4,000 900 asked for should be used IN digging cah
across the sthmus connecting The waters Of the Atlantic
and Pacific IL had not the slightest idea that This Com
pany would bull the railroad 1t would simply sell Out
It's charter. The last Company Lad sold its interest for
$4,000, and their charter ait6r the passage Of ts p
would be worth millions Of dollars. When he saw 'he
turers ho'dtusied the whole thing For Lis declaration
he was responsible here elsewhere, either IN toehnca
or untcchlca Laughter II would DC te,tei or
the Government 10 construct and operate the ROAD seh
than give away these enormous grants aud subsidies
Mr.. RANDALL pa spoke against the Diu, cha.eIRlle
It's friends TO show any clause IN the Constitution las!
ing the appropriation Of money nom me Naloha
Treasury, and expressing ms surprise tnat LIS eOtSse
kelley would have delivered the beautiful essay which lie
had done to-day IN fyor Of measure which would take
$685. 900 out Of the pockets Of his Constituency
Mr. DOgHELLY spoke n advocacy of the BILL He saw
the whole matter resolved Itself n;O The question whether
the United States would be safe N giving the guarantee
asked for it, certainly if the land grant Of the Com
pany was valuable represented there could ne TO K
in the guarantee. In the o. his remarks he referred
to the suggestion made YESTERDAY lhat age OF ine 'en
tral Pacific Railroad were lobbying against this bill
Mr.. IIGBY remarked that If any such influence was al
work. it would naturally be addressed TO members
from California, being most interested IN the matters
but he hadnOt seen any agent OF the Central Padhc ha
road and believed that such influence NJ work.
Mr. SPALDISG, who had been actively hostile to
the BILL rcpccd the lnanuation Of any railroad or other
influence being brought to bear him. and expressed the
belief that railroad company was represented AeTe II
opposition to the bill
Mr. DogNELLY disclaincd making any such assertion.
He had simply referred to il as suggestion that had been
made in the course Of the debate. He continued his
peccb in advocacy Of the b and had read by the Clerk
tbc .peoch made by Mr. Lincoln to Mr.. Coliax on
the very evening Of the Presidents assassination N which
he said to Nr Coliax, "Tel the miners from me that
shall promote their interests to the utmost oi my ab
because their prosperity is the prosperity Of the nation
and shall prove in very few yearsthat We are indeed
the treasury Of the world" -,
Mr. DODGE ~ " addressed the House in support Of the
bill He proposed consider the matter as business
man. The grant Of lands made to the Company was a
good bargain if those who had it had been able to carry
out the project But they found the moment they pre-
sented their charter capitalists the objection was made
that ten twenty or thirty millions would have 10 be ex-
PENDED before the lands made available The conse-
quence they could not get American capitalists 70 ~
vest in it, though they could get British capitalists TO do
so Some # the best railroad men in NeT-Ergand, how
ever Lad met in Worcester examined the charter ana de-
cldcd possible Its INTO Lc nduos
British capitalists They had taken the charter paying
only the expenses legally and honoaby incurred III pre-
minary surveys, printing &c He believed the interests
of the Company demanded the complexion not on! OF
the Central but of the Northern Pacific Railroad lie
differed entirely with those who supposed that The commit
mcut Of the Government would shake the credit Of the Com
pany. lie had No hesitation IN saying that thead gyenby
the Government to the Central Pacific Railroad bad done
as much any other thing TO give substantial cIedl 10
the Government obligations here and IN Europe; because
capitalists knew that with the opening Of railroad 10 the
Dt,itg fhn
doubled. lie believed that II was known to-day that by
some magic he Central and Northern roads could be com
pcied in couple of years and that the Government had
paid hundred millions to the roads, the fact would
strengthen not diminish the credit Of the country. lie
ad no interest directly indirectly IN either road but
h. knew Of the gentlemen who had taken the matter
In hand and knew they expected put their hands in
Their own poo and produce the money to build the
road ey Wei, me Of the best railroad men IN the the
CONT ,s they -ht the passage OF the bill lot Tor
SPECULATE. but 10 build the road
Mr. HUBBARD Conn spoke for i've minutes IN olposi-
Mr. SMITH offered an amendment 10 tho second section
by adding proyiso that the lands the south side o
said railroad the pocoodsf which also 20 be pledged
for the payment Of the interest guaranteed by the Govern
ment shall not be sold except on terms 10 be agreed on
by the Secretary Of the Treasury
MI WAsHBURsE H., made q strong speech against the
bl denouncing il the vates greatest, ard most g
ganc scheme Of pubic plnnder ever brought INTO me
House of Representatives lie warned members on tie
Republican side of the House that they would be held by
their constituents to stet account for their votes on
these supcndous opraions Of the pgoae money ana
for such objects He undertook TO say, that If tins ques
ton were submitted TO the constituents OF any member II
would not get thousand votes.
Mr. HENDERSON said that nine-'cnhs oths constituents
would vote in favor of II.
MI WAsHBuRNF H. would make au exception in the
case If his friend from OTccon but he thought that the
peope living east of the Rocky Mountains should have
some in the matter. lie glored IN ;he spirit which
Gov. Fcnton of New-lork had shown IN putting the
knife Of the into the corrupt aud rotten Legislature
of that State and for which he deserved monument from
a., 10 National Evecutive WOtld
inc Frccdmens Bureau bills and Civil Rights bills, and
veto schemes OF legislation that were likely TO pass
he would to that extent receive the gratitude Of the
Mir. WESrwoRrH-He is going to do it, too. Laugh
ter.
House another House bill entitled bill TO aid in the
sruction Of the Kansas aud Neosho Valley Railroad TO
connect the Great Lakes with the Gulf Of Mexico, and
wanted TO know whether the gentleman from limos
would give him any information about II.
Mr. WAsHBUESE Il.) declared that he could not. and
that it impossible to keep track Of these railroad
schemes, they numerous. He wanted To KNOW
where all these schemes were TO lead
Mr.. GARFIELD suggested to the Pacific coast
Mr.. WAsHBURNE-ro the Pacific Coast in horn laugh
teri they would lead to the bottom Of empty Treasury
Mr.. WINDOW suggested something about the Illinois
Ship Canal. ,,,..-,
Mr. WAsuBCRYE replied that that additional reason
why he did not want all the money TO go away in the d.
recion of the Pacific Railroad and mentioned the name
Of Gen. Grant one OF the copoors put In Tor the sake
of effect.
MIR. DAZZLING asked s'H'IcWdh Hlulstu lau
not moved 10 insert the Of Gen. Grant, Instead OF
Mcclellan.
Mr. WAsHBURNE said that although he had recollec-
'on Of it, it very likely aud was an excellent change.
II the gentleman aggeyed about it, he hoped he
would make his grievance known to his constituents. Gen.
Grant had told him (Ar. Washbune that effort had
been made get from him az Endorsement Of this scheme,
but that he had refused TO give it,
Mr. STEyESs obtained the ioor but he said he was
frightened with terrible pictures of gorgons dire and
hvras and other terrible beasts, drawn by the gentleman
fom Illinois, that he did not want TO proceed tonight.
Mr. WAsHCURNE said that in consideration ofhis friends
nerves, be would move to adjourn.