Mr. CRAG N. I believe that the gentlemen who oppose this bill have unfairly stated the case. They have taken the figures at the very highest amount pessible, and the Senfrom Ohio, placing the guarantee at $122,000,000, treats it as though the Government was never to receive one cent back, and in his compar ison he makes it out that by this bill we are granting much more aid to this road pecuniarily than was granted to the Union Pacific railroad and its branches. He says that Congress has now granted to the Union Pacific railroad and its branches about 98 million dollars. This he admits as simply the principal of the bonds, and yet the interest on these bonds added would more than equal the interest which is contemplated by this bill and make a total sum k of $272,000,000. ‘c the company, “ The Senfrom Ohio also brings up another objection. He greatly fears this road is to fall into the hands of British capitalists, and for that reason he is opposed to the bill. It was mainly on this point that Irose to make a sin gle remark. It happens that I am personally acquainted with nearly all the directors and managers of this road. I know them to be personally the ablest railroad men in the eastern part of this Union, and men of undoubted integrity and ability, and I have not the slight est apprehension that they would in any way be parties to any fraud of that kind. If this aid is granted they mean in good faith to build the road. That is their purpose. They are men of energy, and they Wish to succeed in this enterprise. And, sir, is it a new thing in' this body to hear about foreign aid? Were we not‘ told a short time ago that the Union Pacific Railroad Company had senf abroad agents to negotiate a mortgage upon its whole line to raise funds in Europe? Certainly that statement was made here; whether true or not I do not know. Sir, I hope this bill will pass. I believe that the interests of the country demand it. I believe that the Government will be the gainer by granting this little aid which is contemplated by the bill. for I do not think it will amount to any great sum. If I did not believe that the Government would be reimbursed fully and completel for this guarantee of interest I certainly should not vote for the bill. I do not believe it. On the other hand I believe that the Government will be fully reimbursed; and not only that, I believe the building of this r s of this country; I believe it will develop the resources of this country to a very great extent, and that the revenues of the country will be increased to a vast amount. Not only will the Government have a lien upon 1/2 of these lands, but the other sections which are owned by the Government will be enhanced in value and will bring into the Treasury money which otherwise would not come there. I hope, sir, that this bill will pass.