Daily national Republican. (Washington City [D.C.]) 1870-1872, 1870-06-08

ton for no charity, but simply ask that this
Government viii guarantee to us their unri-
vailed means Of communication to such an cX-
tent as will pay thom $500, 900 year for the
next twenty years-just hyc per cent. on the
proposed lnycstment-giylng TO II, Its officers
and agents, In the Transmission Of Its mes
sages, at all times a priority over all other
nations corporations, or private persons, All
these messages arc 10 be free OF charge u not
exceeding In the aggregate, at the regular
tariff rates, Ave hundred thousand dollars In
any one year
Wholly to divest this enterprise Of any APP
pearance Of speculation and present IT, as u
| Is n great work prompted by patriotism, II IL
further provided that after the cable has been
successfully laid at the risk Of tho lncorpora-
tors, the United States may at any time take
and appropriate H. Its property and appurte-
| nantes, 10 the use Of the Government upon
paving 10 the Company the actual cost with
/ Interest thereon at the rate OF ten per cent.
per annum from the time the whole capital Of
the Company shall have been fully paid by the
stockholders-deducting thcrcfrom the full
amount OF moneys heretofore paid 10 and
received by them for or on account Of dlyl-
donds, interest, or earnings OF the Company.
| Or, tho United States may, at their clc' ton,
| In like manner take and appropriate the said
telegraph limo, lts property and appurte-
nanccs, upon the payment Of the appraised
value Of the same In gold, that value 10 he
arc TO be selected by the President Of the
| United StAtca, two by the Directors Of the
Company, and fifth to be chosen by those
| -four, an of whom shall he duly sworn or
affirmed 10 well and faithfully value and ap-
praise the said tclegraphllno, itspropcrty and
| Rppurtenhncee, according 10 the true value
/ thereof In gold"
The act Of Congress which gives to the Pa
| clnc Mail Steamship Company $500, 20 per
annum for carrying the malls across the Pa
clac has commanded the entire appreciation
| Of every section Of the country, and Of oil
Glasses o. citizens. This sum Il more than 10
per cent upon the value Of the property Of
| the company used In this service, and gives q
| communication once every month. For b
per cent upon the value OF their property,
the Pacific Submarine Telegraph Company
propose TO furnish tho Government with
means Of communication every hour In the
day.
We arc necessitaicd to keep In the China
| seas a naval force Increasing with our com
mercial and maritime development. Admiral
| Porter, In his able letter ~ Mr.. Field, has
| clearly Illustrated the vast Importance OF this
| work 10 the department with which nc Is
/ connected, and with the operations OF which
| be Is so familiar. No one FOR q mOmeut will
question that II the Admiral In command In
| those seas cOuld be In constant communication
| with the department. and the different
Eastern ports, 90 that In any emergency the
1 Vessels under Ills COMMAND might DC Couttu-
i trated or his squadron increased, four vessels
would be as useful 10 him as six now arc, and
| this difference alone would repay 10 the Gov
| ernment It's expenditure,
| In the present transition state OF the East,
our foreign relations In that quarter may at
| any moment become complicated, either with
i the Eastern Powers or with the representa-
| tiyca OF the Western nations accredited there.
What oyer-estlmate Of It's value can there be
I placed upon the ability Of our ministers at all
| times to have the means Of communicating In
their own language, by their own cable, direct
with their own Government
Mr.. Chairman. N this great Eastern drama
| the part hitherto performed by the United
| States may Justly kindlc the pride OF every
| citizen. That commerce which for centuries
| II has been the object Of European cupidity
| 10 monOpollZe-to secure which mercantile
Ingenuity, crafty diplomacy, and military
power have been unscrupulOusly and yigor-
ously employed-wlll, II this Government Is
but true 10 itself, be diverted from It's artih-
cial channel and made 10 flow over lis natural
bed. Already have we bridged the ocean with
| a fleet Of magnificent palaces, and annlhllated
the distance which had separated our Pacific
| shores from the riches Of the East. Through
| the triumpts ot our arts and sciences the
have been flung open that those treasures
might find a pathway from ocean TO ocean.
A grand foundation has been laid and q noble
uperstructure erected. Leave not the work
unfinished and incomplete. Crown It's sum
nit with this electric capetone and put a
girdle round about earth In forty minutes.