New-York tribune., 1873-02-26

others necessary 70 keep the road In operation until
there should be developed in the inhospitabe region
through which II o business aff0rdng reVeuue sun
cjent to moet running expenses and interest 1nay CUT
minated in events familiar to the public whereby osIe S
Incurred greatly in excess OF an pfont W
me from the construction OF the road.
THE SAVING IN EXPENSE TO THE GoyERsaESr.
What then has the Government received the fruits
of the connection Credit Mobiier With the Union
Pacific Railroad Company and the transactions now
under con sderation BY the terms OF its charter. it
agreed among other things, to oan the Company for 80
years ts bonds TO certain amounts per mile and that
until their maturity Onehaf the earnings on account OF
Government transportation should be retained I'd DC
applied in repayment to tho Government OF whaleVer
interest might IN the mean time De Paa V
70 pay the Unit6d srates the amount due on
yices without asking additional legislation. or being
c1lled to resist obnoxious legislation except
BY the Government, the road has been compieten ana
successfully operated throughout its entire line now
ary quarter OF any failure 10 faithfully perform its obi
cations TO the Government both IN respect to transport
Snv Instance in which it kas differed from any depart
ment of the Government the variance has been upon
have been open to the United States but closed
The Government made itself the creditor ot the Union
multiplicity O stpuatuns and then refused 10 submit
their interpretation to its courts That II has 80 far
reaped tine principal benefit of the bargain cannot be
denied. Official statements Of tho PO5master-ieneral
are before the House. which show that Tor tho TX years
ending 3d. the saving to tho Government upon
be Transformation of postal matter alone by reason OF the
onstructinn of e Jaon Pacific Railroad assuming the
amount carried 10 be- equal TO nat transported previous
to construction. has been 6iS59 So Bat the amount
of postal matter has been SIX times greater by ral
nan by STAGE 80 that the real saving is not less than
S36 77 So Even this result fails u represent the
ore1ssd speed of carriage aud convenience Of handling
and distribution afforded by postal ears to the en-
pov6s Of the Department accompanying the mails, mus
uent from the War Department shows the saving upon
military transportation for the sane time 70 nave Deen
sO s2 s5 No official estimates are before the House Tor
alsff fpou
Navy Department. OF coin or currency bat tney may
be safely aggregated at nOt less than S25cO0)O rms
gives total saving for the six years ending june JO 1874
Of the sum 10 The secretary OF the Treasury
~ conmunicaiion 10 the House, bearing date May 90
1870 i'm answer to n resolution calling for such nforma
fion the amount OF interest ana pIlnclpt
| which viii bo due from the Union Pacific Railroad
| Company at the maturity Of the Government bonds
at tho present rate or payment at sOoloi4o w. as
the different classes OF transportation In tho future VIII
be the came ~ III the past "a supp0oon ehei ou Vie
side OF tho United States for II Will In iact increase IN
almost ceometrieal pro resson and the result Is total
saving the date or tho maturity OF the DOAuS Ol
s si 500 75 sum In excess Of the principal and inter
es due at time to the amount OF sG,l57Oj3 n. lu
otLer words, II at tho maturity OF the bonds not one
cent OF interest paacpal paid, but on tne OtheI
! mud was entirely lost, the Government would be the
gamer IN money to the amount OF $,l5iO5] IL
THE NATIONAL BENEFITS DERIVED From The ROAD.
All this solid gam, involving no consequential ele
nlent anl susceptible Of exact computation. 10 at
tempt to grasp the national benefits which lie outside
the domain OF figures, but are embodied the increased
prosperity wealth. population. and power Of the nation
overtasks the mos. vivid Imagination. When the rails
were Joined on PromOntOry Summit, May 10. ls69 the
Pasinc a8v INC ibasoycs i fo tat perpeia
! amity out Of wnch should spring an lnteIcbausc O
| the most precious aud costly commodities known "a
ebb and fro across tue continent by ths route OI
| necs to come. Urah then isolated community
with Industry but agriculture and those InanuliG
lures necessary 20 poor and frugal people In 1877 L
shipped s0OOJ0 OF silver to the money ccnter5 OF tht
world ana Is now Demonstrated to DO the richest niue
ral storehOu-e on the continent An institution fePaE
nant 10 tho moral OF the Christian world Is fa
yielding % the ciEzlhG contact OF Vhe OutI aEoi m
possible by the construction or tho rdiiWdy MANY pG
iiove 10 has already Substantially solved the pctpeA
bringing with IL IRON. Eur pc an immense agSrege sun
of noL6y, already been distributed iar OUT on inc
line O the road ana lts means anu sce Io Ia I'S '
jscnug tho iaJeiy spashJ pe0ped Territories Oh Colo
! an ep.rrDr,slHg aud rapid yiucredslng population
| A steady and cOplOus GOW VI British capila - pour
ing INTO the mines Of Colorado and Uiah fne indians
have been pacihed; fruitiess and cosby hosu'o INN
tIry expenditures, frequent eiscwhort have ceased
sneaI OF connection afforded Dy the railroad en-
| a1ies tho GONcrhinent 70 UA;f aLcquato PI1
the same timc, dispense wth large gnrfsons und Orl
nei puss, hitherto maintained at fabulous cost ihc
rDSins grounIs OF buffalo IN the valleys and cions
n,Iovsi .y ine RJ5ky Mountains. region o. bound
uuinhAted dominated by saya8cs has been reclaimed
fnri,,.d, of millions added 10 tLe wealth Of the
nation ana the bonds fraternal anu commercial union
| tbe rower Uf evil dscord 10 sever. Does any ono
yeaflng with sole tuo les, the Uaitcd states, which
mas made this fortunate bIrsLin shDud lAll 10 receive
due at tue precise moment may DO dc'hdeu
b., its officers, doubt he ABILITY OF the Company 10 per
form obligations and nay the last dollar dlo long De
fore the maturity the DOndsf Four years agO tht
road was OpcneG without Ocl, business Witn no consul
cradle through traffic, ana IN tire dawn OF thO lchuB
relations between tne United states ana thOse A7tbo
nations which bid lair 70 prove tao source Oi us
largest ana most lucrative business lac conserve
| tive capitalists Of the country believed u WOull
bankrupt any organization whJh undertook 10 operate
IT, Four years reversed tuat opinion ana now Ihe
same putting form their best ei1rt5 10 secu
the benefit OF close traffic connection ana perhaps lt
| mate ownership. Twenly-IOur years ago th5Io was
scarcely mile railroad west OF Lake Erie ana no con-
Meeting line west Oh BuuhO Let nun VINO Wou'u ilentl
estimate this Company 20 BACK 10 the year
lSi3 aud, th9ucefOrwdrd 70 tlo present le Trace c
growth and development of that portion o the United
states lying west the great lakcs, and he VIII nc
able approximate the coming history OF the region
through nich road stretches for thousand miles,
and OF the trade and products and commodities OF WhCn
IL the great commercial artery Ihote Is DuI
one power tnat destroy s a0ity 20 perform an t5
obligations TO the Governments thero Is Pat oho 3scy
that render 10 incare OI paying tIi lIs
ness TO the last dOiaG-lamey, the Congress OF the
United states. IL alone can 80 cripple weaken OF ue
stroy company To make Ils loan vi tho uOVefi'
meBt 10 lt u tJtal loss -
Taese then are my ofenscs; that have rskcd repu-
stOn fortune every timing, III an enterprise OF lICacu-
bic benefit the Government, from wnch the cdptdi
of the world shrank that nave sOuEHI 20 strengthen
he work thus rashly undertken by invoking the char'
labc Judgment OF the public upon ts obstacles ana en-,
barrassments; that l have had friends, some & Oh
willing 10 share advantageous opportunities Oi
Investment; that l have kept to the truth
through good and ev report uenyiHS nGr mn nin & :,
conceang nothing, reseryng nothing. VINO VIII say
that alone am To offered up sacilnce 10 appease
public clamor or 10 expae the sns ol Otners Not u.i
such offering Is made wiz DelcFe ~ Po'spltU Du. m
N ts body snail so that IL best De purlned ny
be choice of single victim shall accept It's mandate
anpeang with unfalterng confidence 10 the Impartial
verdict history that Y1ndIcallOn WHICH II Pr0
posed to deny me here.