Mr. BINGHAM. If my colleague had observed and weighed the words I uttered, he would have noticed I admitted the Geuernl scope and purpose of the bill, by reason of the Generality of its language as originally reported, were liable to the mis construction put upon it by gentlemen who have already spoken. The language of the mbstitute is so plain that, it requires no lawyer to understand it. There is not a man between these oceans who can read the English language who will fail to know that the Goveinment of the U.S., under the substitute, can never issue one dollar of pledge for the Julment of interest except at the rates provided mile for mile, as the road is constructed, and not till it is completed within the limitations named. I now come back to the further provisions of the bill of which I was speaking when interru ted by my colleague. In the 3rd division of the road the Government is to pledge the interest upon 500 shares to the mile for 520 miles. The 3rd is the mountain division, on which the ledge amounts to $3,000 perannum permile. hntI have already aid will justify me in saying that when the road reaches this mountain region, where are gold and silver and peoplerandiron beyond eoinputation, theone 4th the gross proceeds of the road will a, not simply interest at 6%. on one half of the cost of its construction, but. 20%. on 1/2 of the cost of its construction. In the 4th division the limitation of the bill is the interest upon 300 shares to the mile for 280 miles, or $1, 800 annually permile. This is the substance of the bill as amended. Now, touching its clfect on the credit of the Government of the U.S. States. By the adoption of this substitute you secure, in my judgment, the construction of this road. How. ou lend the credit of a great people to an organized company, by which they are able to call upon the capitalists of the whole civilized world and say to them, no matter what may be the stress upon the credit of the U.S., the Congress does not hesitate to pledge the credit of the Governmentto secure the payment semi annually of interest upon the track of this great road.