Mr. WASHBURNE, of Illinois. What does GenlGrant sa 1 Let me say to my friendfrom Iowa that do not know butI indorse every word that GenlGrant says on the subject. He says: “ In my opinion. too, the U.S. would receive an additional pecuniary benefitin the construction of this road, by the settlement itwould induce along the line of the road and consequentlythe less number of troops necessary to secure order and safety.” No doubt it would be a benefit in that way. But he adds: “ How far thesebenefitsshould be compensated b5 the General Government beyolid the grant of Ian already awarded by Congress, would not pretend to say." That is the language of GenlGrant and he says further: "I would merely give it as my opinion that the enterpriseof constructing the Northern Pacific railroad ts one well worth fostonn by the General government, and that such aid could wall be aflbrded as would insure the early prosecutionof the work." Yes, sir, “such aid as would secure the early prosecution of the work.” That aid this company alread has. So far as regards the propric? of the government guarantying the stock of this company in the manner proposed, let me say that GenlGrant himsel told me that he declined an indorsement of the policy of aguarantee of the stock by the U.S. Sir, I have spoken on thisquestion with some degree of earnestness, for I have the strongest conviction of the impolicy of the measure. do not know that there ever came before the House a measure calling forth the more car nest attention of the House than this bill de mands. Sir, if we are to aid in this way in the construction of this road, shall we not be called upon, on the same principle, to aid in the construction of a soutern Pacific railroad, so as to have 3 roads? and with what consist 9110)}00t1ldwe refuse to build that road if we build this? The same argument would apply. We have already committed ourselves to the Central Pacific railroad by the stupendous grant of lands, as well as by as:uniing a liability of $95.000,000. We had better get through with thatproject before assuniing any new liabilities. Mr. Speaker. there is an additional suggestion. The ComWays&Means, after working carefully, judiciously, and faith fully, during the whole session, have brought in a bill to reduce the taxes of the country; and, sir, the reduction which will be accomplished by that measure is just about equiva beplt to the sum we propose to vote away in this I. If this bill is to pass, the bill for reducing the taxes ought not to ass, if we expect to pay our obligations and eep u ) the national credit. Let my friendfrom icrmont [Mr. MORRILL] move to strike out the enacting clause of his bill, and let the burdens upon the people still go unrelieved in order that this mammoth cororation shall make the Government liable lor the vast sum provided in this bill. But Iwill detain the case no loneer, but yield the floor.