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Show telegraphic! I. I Tim Texas I'ucl Hi- RuIIroud j The Coiiiuiiltew m Kejiort. Wash iug tun, 25. Tlie following ia aaynopaiaol the majority report onj, the IY-xiim Paciliu railroiid, preiarcd by Culunel Lituiar. the chairman: The hill relievo lho comp.iuy from , consequence o( their failure lo complete com-plete Ihe flipulatL-J portion of tho rtjad and furuwueii tbem with certain aid;;iu tne anape of a uamntee ot inUrL-tt on their bonda. Tho report ataled that the failure to complete the required portion of the mad wa-i due eniirnrly lo the uimers.U finaiici.il , panic ot 173, aud not at- all lo any iiisuiaiuagenitjnt on the part of the company, and ought not to deprive them of any aid which under other circumstances the government miht properly give. The only quention properly before the commitlee were tirat, wnether congress hiw constitutional constitu-tional power to grant auch aid; mjcutid, whether it w the intercat ol the whole country that thid aid should he granted. The commitlee aro of lho opinion that the constitutional question may be considered as nettled, both hy the action ol the government in affording aid to other Pacific roads, tb.ua establishing a system ot Pacific connections of which the Iea.au i iwiil.. in a r.ernsaarv and component part, and by the full declaration of the public sentiment of both the reat political parties an declared in Lheir respective platforms as far back as the presidential election of 1S00. The committee are alao of opinion that as the Northern Pacific connection has been completed and supported ty government aid, justice both lo the south and thowholo country, require that the system shall be completed on the same principle UDtil iLa benefit are really extended in all nrctiyua of the country. The committee do not entertain any doubt of the rijht and power of con iress to a fiord iu aid to a road which is -on absolute military and postal necessity, aud which simply euableti it, by the loan of its credit, to accomplish accom-plish a work which it would ether-wiuo ether-wiuo have to finish at ita own expense aud by the direct exercise of its powers. pow-ers. The committee think the great commerce between tho Atlantic and Pacific cousin 18 scarcely to be considered con-sidered as an inter state commerce merely, hut rather assimilating to that vast ocean commerce, in the euro and protection of which congress haa never hesitated to aid . with iicean steamers, to make ocean surveys, sur-veys, and to establish lighthouses, and they agreo with the opinion expressed ex-pressed by Hunter of Virginia, that it weakens the great principles ol stales rights to attempt to Blretch to oases which they do not cover in right and reason, aud where the obtrusion of such considerations can only Becni to shock the common sense ot mankind ; ,but the committee fully agree that tho conditions of this aid must guarantee the government govern-ment against sacrifice, and the people peo-ple against tho selfish exercise of the privileges which this aid confers. They think the provision of the bill necure these ends. .. The guarantee given is" only the guarantee of the interest of the bonds which are issued only aa the road is completed, and the committee estimate that from proper and reliable data they can as sume that as a net earning ot jii.oUU per mile will meet that interest, the profits of roads will be largely more than sufficient to meet that interest and prevent any actual necessity for tbe advance of a dollar from tho treasury. The mortgage of the whole property of the road, the sale of lands and the reserve of $5,000 per mile of bonds in the hands ol the government govern-ment are further and ample security. The provisions giving equal rights ol frtisLtiaijJ;Ljog to an me branch roads, and the power reserved carefully care-fully to the government to review and modify all charges, are, the committee commit-tee think, full security against the conversion of the . privileges of tbo grant into a, selfish and mischevioua monopoly. The report then proceeds pro-ceeds in detail to Btate the line oi route, length of road, trunk and branches, what has been builtj what remaina tn be built, a calculation ol the probable cost, of Ihe probable gross and net earnings, and concludes by a forcible and eloquent statement of the general advantages and vast national importance of the enterprise enter-prise and its beneficent influences in developing southern resources, in the stimulus by the exclusive use ol American iron to our manufactories, in tbesupply of work and wages to thousands of skilled aud hones! laborers who are now in destitution, in its general relief to our painfui condition of industrial stagnation, and in ihe restoration of confidence and hope to the national spirit of the whole people. |