Mr. GUTI IRIE. Mr. President, Inm very much obliged to the Senfrom Illinois for lns suggestion upon the subject of paing debts y |ncreasing them. That is a new i ea to me, and I think it is new to others. There is no doubt that when an individual is involved it is necessary that he should make the proper exertions to meet his obligations; butiiow would his creditors look at him if when he owed a million he should immediately engage in a work that would cost him a million more to a certainty, and without any certainty that a million more would accomlish it? The cred itors would all lose confience in his sanity; they would believe that that was not the way to secure them or to pay them; and I am not certain that these projects will not fix upon the Senate of the U.S. something ike the same suspicion. I was in favor of postponing this bill, because I thoughtwe had not time now to mature it, because I thought the work ought not to be built by the Government in conjunction with a company, because I thought the great advantages and privileges that would result from the construction of this canal and the immense water power all along the line, were matters to be considered before we agreed to give them to aprivnte company. If the Senfrom Illinois, however, is right, and can find the means for this work, I suppose, from the cry he has raised, he will carry the measure; but he will carry it without my judgment being in favor of this hasty action. I recollect that when this bill was passed by the other House it fell upon everyiiody in the Senate with astonishment that it should be proposed to undertake an expenditure of this kind in the condition in which we are not united, not conciliated, with 11 States not here to join us in council in relation to this description of works. Is this work going to make money enough to pay the national debt? How long will it be before this ship canal will be done? I reckon it will work its way slowly and tediously along like the Pacific railroad.