New-York tribune., 1868-06-01

Ina rpfpntlOn ptTICtnU. 6IOURH
TO keep down the interest the bonds, and provide
the sinking fund necessary to redeem the principal
before they mature. of departmental record ana
wholly incontrOvertble, that such has been the re-
sut of the operation of the road in Kansas since IL
was opened. This result will moro certainly charac-
terze the relations of the Government to the road in
New-M Mexico and distant Arizona than III has zone III
Kansas In that State the business done for the Gov
ernment by tho road in 1861 as testified by the ac
counts of the QuarternasteTs Department. sho"eu
the following result: .o.o o,o IN
Transportation OF freight. 'S0SSio w
Transportation OF i99'S9 ~
ro,., .sSli. .oOs 2.
Fifty per cent. retained by Government 25S,0Si II
Total interest on bonds Issued In aid OF the Foad
(pad by the Government, as certned 10 ny o, ~, r.,
Register Of tho Treasury ~
Leaving an excess in the hands Of the Govt Of 67lS 81
THAT that viii be sufiicieht to extinguish all the
bonds az maturity ny and stu ieaTG DaianVo , %. IT
+ Tbs 'o be a' i bSrnS % me in mnd is the result Of the first
years operation of the road paid IN cash INTO the u
s. Treasury by the road, and without any felerence
whatever TO the economy of rail over wagon trans
portatiOn. -,
VIII There is not man in the country to whom
the presentation of this National enterprise Is maze
who does not heartily approve OF 1t. But TWO oD-
jections are urged against the measure
wait year. The time is unPropltons, We oiec' are
on the eve of Presidential and Congressional elec-
ton Postpone your bill TO the next scSson oi Ooh
gress" To which make answer: m,
st This objection s 'e n~ ss stnO 1 even
in snnnort Of votes wise and Just 1t desires to di
minish the number Of issues But it mistakes the
popular feeling, and magincs peril TO exist where
surely there will be safety. sympathy. and reward
Second: The people demand the construction OF
these highways to the Pacific. The Legislatures OF
Pennsylvania California, Kansas, and Missouri, have
by unanimous resolves asked Congress TO grant the
needed aid TO the Kansas Pacific Road Ihe lresl-
dents Of leading railroad companies IN New ,' I3Ik'
New Jersey, Pennsylvania Maryland, Virgnla.Ohio'
Indiana, Illinois Kentucky tennessee, Missouri,
Mississippi, Alabama, and Kansas, numberlng6 % ~
all have united in an earnest memorial to Congress
to vote without delay tho loan 61 the Govcrnnent
credit asked for to complete this road. Jhe BOarus
Of Trade and Chambers OF Commerce OF Phlladei-
phia. ST. Louis, Cincinnati aud Chicago hayo memo
rallied Congress TO the same effect. The
Chambers OF Commerce OF New-foTk, Baitl-
more, Louisville. and Pittsburgh. have, the
subject now under consideration, and will undoubt-
edy soon do tho same. Ii is a maxim among tho
merchants of London, that England, as manufac-
turing and commercial country, is benefited by every
extension OF the railway system IN foreign countries,
since erdy nac line "a er@y pdrt OF he worid opens up
fresh markets and diminisho the cost ot Transporting
British manufactures" The merchants and men oil
business i'm every city In the United States quite IA
smart as their brethren in England, are unquestop,
ably in favor OF the Government aid 10 TINS road Al
they were polled they would be found 10 DO unani-
TIId: The Government cannot afford tho daily
loss OF money il sustains in the public service IA the
West for want of this road. That loss would have
amounted TO 5000 day last year, when an average
of only PIG miles of the road in operation. IL II
had not been for the substitution OF rail- Tor wagon
transportation. As more than that length Of track
will he brought into use every wear by working from
the west end of the road and from the Colorado
river we'll out from Kansas IL IL large under
estimate to say that the Government sustains loss
Of 5000 day by the non-comPleiion 9. the line-a
! press ought not 20 permit. -
The second aud only other objection to the subsidy
| Is the unconsdered and shallow inquiry Why
shouldn't the Government subsidize all the roads 20
be built in the United States, as well as these Pa
cifc I" For the that the other roads, being
| short lines in settled and pOpuous districts, are
wit ~
the Government has neither proprietary nor admin
stratye interests in the districts through which
they run. But from the Missouri to the Pacific the
Government is almost the sole landowner 1t owns
the country to he benefited 1t is obliged 10 occupy
il with troops obliged 10 traverse IT, obliged TO fight
| over it. Now the road is necessary TO the Govern.
ment which has larger interest In Its existence and
maintenance than tho people have. Therefore. II
should build the line, nj least TO the extent Of lend
ing its credit To its constructors such security
makes the IupOssiblity of loss absolutely certain
Without Government aid roads 10 the Pacific cannot
possibly be built. Such costly enterprises arc be-
yond private means.
Mr.. Greeley, in view of the considerations above
set fOrth-n view Of the exemplary enterprise Of the
British who have gidironed every six square miles
of England and Wales with railroads, and have the
commerce of the world as their reward-in view Of
the fact that the French Emperor, by giving tho
Government guarantee of and 5per cent interest
railway debentuTes, stimulated the construction Of
23j miles of new roads in France, between the years
1851 and 1851 and thereby ran up the exports and
imports of his country from $5l000000 to 81 1OG5-
0OOOOO and not content with this Splendid result OF
statesnanship. persuaded the existing companies 10
enter upon the construction of 1870 more miles of
railways by agreeing to guarantee pp cent inter
est on their debenture bonds and q sinking
in view of these facts. so h2noraple TO
Napoeons. sagacity, arr the additional fact
tween Ist and Issf was called for or needed but
every one OF b: subsidized roads paid 10 per cent.
diyidendsYt view too, of the fact that the British
GovernrSntY tYsOlely TO get independent supply of
Cott has subsidized 1900 miles OF railways IN India
~ cost to build 40 100000 by guarantee Of per
cent interest on all money to be invested In them
paying our National Debt is To augment the produc-
ton OF the nation and increase its population by
making access TO the mineral region between the
Plains and the Pacific cheap and easy. howlcan any
man who loves his country, and wishes to see her
rich, powerful, and completely independent, resist
the conclusion that il is the policy and the duty of
the Government, without delay, to pnsh this Kansas
Pacific Railway TO completonf SAM'L WnKEsoN.