The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-05-24
II u R O P H.
What England Has to Say OF the
Pacific RaiIrOad-Our Credit
Abroad ad-SeriOus Collision
at Sea-A Word from
Garibaldi.
Americas Foreign Relations.

rhis country and their foreign influence
TAe London JoHgnHIs rd EP HE Completion Of the
Speaking OF the completion Of this great American
enterprise, the London He,os Of the ith inst says-
OF the political, commercial, and social results Of
this new communication between the two great
oceans which encircc the world, il is, perhaps as
yet, premature to say much. The Americans expect
great things from their great undertaking, and
marked out their city the centre Of the worlds
commerce and its future metropolis. Their
reckoning is that good part OF the traffic to the
East will now 20 westward and that the way
from Europe TO Australia, China and JAPAN will
lie across the continent Of America. What
is far more certain is, however, that the Pacific will
be opened TO commerce as it has never been
opened yet and that the development of the won
derful resources OF the whole western side OF the
American continent must be wonderfully accele-
rated. Nor will the effect be less upon the central
plains OF the United States. The great American
wilderness lies open to be occupied and subdued.
In that immense region lie vast mineral treasures,
which win alone be enough to attract population,
and it has been found that under the arid and
barren surface are abundant supplies OF water.
An artesian well, sunk to a considerable depth
on the most arid part OF the route is said to
have struck an underground river the water OF
which rushed up to the surface IN torrent tSr as
fore, very little doubt that this vast area is not
only practically added to cultivation, Ont
opened TO agriculture and commerce. The poll
tical consequences will simply be the greater con-
sOlidaton OF the Federal Union and the increasing
influence OF the West in Union politics. The Nor
mons who have made the valley OF the Salt Lake
cultivated garden and held it as outpost of civ
outer world and must either give up polygamy or
make another exodus to Mexico. They will pro-
baby decide in favor of removal but they will leave
the groundwork of great State behind them Thus
the whole OF this formless wilderness will be sub
dued to mans occupancy and use Instead OF
dying like dead mass in the bosom OF the republic
it will become instinct with life, the iron nerves OF
civilization will grow all through it from the great
central backbone now formed, aud the vast
sOources OF the Republic will not only be made
more available by concentration and communication,
but will undergo indefinite increase.
Tr1a TnnHn Of fhn 1ayn rQN nm has mo In
lowing comments
II we inquire into the probable results OF this
achievement we shall be led into many curious
speculations. The effects indeed, will be felt through
out the whole Union. California, as our readers
know, is a State OF exceptional character and i'm
portance 1t is the gold-bearing State-the coun-
try which supplies the Americans with the precious
metal. General Grant in his inaugural speech,
referred to IL as the national strong box the sa1e
in which those treasures boarded which would
day enable the Union TO pay OIL its public dept
and ne spoke of the opening OF TINS PacllG RalWay
an event tending to accelerate the consumlnatlon
in view. Then 1t cannot be doubted that the Pacnc
States will receive an impulse from the new
cal as well as commercial Importance.
All the territory, too, now traversed will be
minion OF man; new settlements will be facilitated
and new States more quickly formed. AT the same
time the Indians Will be more severely punlSneu ana
the MoIInOns will be brought into contact with
their fellow-ctizens which may not lmpossloly END
and isolation OF their settlements have hitherto pre-
served them and their institutions from interle-
renee, and now that isolation Is lost. In whatever
light, however, we choose TO regard Jne Work, we
must recognize it not only as monument OF ma
tiOnal enterprise but as a proof OF pubic
wisdom. AL that the Government has spent IN
EubVentions was well bestowed. IL was worth many
a vote OF money and many grant Of land TO con-
meet by an EASY internal communication the two
great sections OF the republic and to bring territories
as large as those of all the settled States together
within reach of the Government and the people II
the present year should also witness the completion
Of the Suez Canal, it will indeed be singular cOlnc-
dance, but even the cutting OF the sthmus is less
IarfnI aNnlni Nj.
Lesseps will deserve infinite credit for his perseVer
ance aud success, but the American engineers who
Drdged with iron rails a desert as broad as the
Atlantic at the Of six miles day may certainly
advance their own claims TO the surprise ana at
miraton OF mankind.
The London Standard speaks in these tcr1as on the
success OF the Pacific Railroad:
The telegraph announces that the last rail con-
Meeting the Union Pacific with the Central Pacific
Railway, and thus completing the line between
Sacramento, the capital OF California, and New
York is about to be laid, probably with some cere-
monies in appropriate glorl1caton OF the event; event;
1t is not many years since Colonel Fremont earned
perpetual renown in America AZ q traveller anu
explorer by accomplishing that tremendous Journey
from shore to shore of the mighty continent; sand
now the longest line Of unbroken railway in the
world viii show the way through passes Oh ols tne
Rocky Mountains and across the 'boundless
perarer" TO locomotives and "Pulman1S palace
sleeping cars" Ladies and children by thousands In
every year will perform journey which bus twelve
months back was a trying adventure for strong men,
and the grim solitude OF the far western plains
will grow as familiar 10 the nomadic race which
nhabits the United States as the green hills on the
ranks OF the Hudson, or the billows OF foam which
rush down the rapids past the windows OF huge
hotels at Niagara Leu uS give d
il is not quite the greatest achievement the world
mas ever seen, which its promoters consider IT, Ger
tain il is that along its course as yet, the rough
camps in which the lab0Ters nj work upon the llne
nave cOnOregated have been centres OF vice and law
lessness ToWdysm and crime, at which stray passers-
~ have been appalled,. Border ru1lanlsm mas stalked
forward trlumphanty IN advace oi Ie @ IwSy yS en SS
have been united, the larger tfaHlc Oh n Wnhlus
railway will establish something Ike publlc OrdeI III
the permanent settlements which VIII pe estaolisne"
along its course.
Our Credit Abroud-Further About the Specu-
InIiOn i'm American Stocks IN Engi"uo'
From the London Times, May TO-
The discount demand both at the bank and IN the
Open market was again heavy tu-iay Supposllig ~
however 10 be chiefly consequent on inc dpplcIch-
son OF further advance in the rate IL VIII nave ho
material effect on the position OF ne uIlh W ii
any fresh upward movement. ihose "lio ptfa, piUt{fa0
themselves with money merely loI t tbeir
mani kers and these bankers at the close OF Jne way
nav Il back into the Bank or knglanui Wiuso a. a.
counts might TINS upon balance be preclsel{ @ Clio
same al the close as at the commencement vi pus
ness even although hundreds of thousands oI
nonE ds mad been involved In these TRANSACTIONS nc
point TO be watched is the continuance OF cessaoton
Of tine outflow OF gold Ihe prlhcipa pas M in I'm
don IL is here that most OF thelr payments ~ ~
manufactured goods and produce, WneIheI lro uio
continent or China made, ana II, lhseau VI iI
rafting 10 us constant supplies OF specie 10 pIo'Ie
TO- thSm they ship bonds or other securities, we
pecome expOsed TO a drain on lne conIlehI
or the East which cannot Oe a[iestIu aoioStiu u
until the rate OF money Is rasen SUM- sul0ioling pinSg
W " tt,rnntation 10 u.s. 1t may be doubted II lndJ
stage has vet been reached 80 as 10 ODVlale te % ne
cesev az early further measures on lne phIs vi Oo
bank The attraction par,S S os and eIsewhere and an