Mr. CHANDLER. Itisperfectl well known to all commercial men that the U.S. has lost the trade of this continent from lack of enterprise. The British Government has sub sidizedamail lineto, I believe, every country on this continent, and every one of those mail hues are weekly or monthly, as the case may be, but they go with regularity. From South America orders are sent, not to the U.S., which are much nearer than England, but to England. Why? Because they are filled instant y and returned at once, whereas communication with the U.S. is unfrequent and irregular. Now, a proposition comes before this body to establish the cgmphic communication with the West India. islands. In case that line were built, and it extended to every one of those West India islands, it would be all the better, for it would absolutely control the commerce of every island connected by telegraph with the U.S., and would control the commerce ere. If we could have telegraphic communication with eve one of the South American States, we should control the commerce of the South American States, because they could send their orders quicker by telegraph, and receive their responses quicker than in any other way. how the proposition is to strike out the word “sole,” and then what have you left? You must offer some inducements to this company, and you offer this inducement that they shall have the sole privilege of erectin such a line. You may call it a monopoly, an it will be so if Congress sees fit to leave it so, but Congress can resume these powers tomorrow or the next day or at any time. Congress has the absolute control of this measure during the 25 ears and in perpetnit. That is the only in ucement you offer to these parties to invest their money for the benefit of the commerce of the U.S. If the Senate choose to kill this bill, very well; but let us kill it at once. Let us say we do not want any telegraphic communication with the West In dies. ote directly to reject the bill if you wish to defeat it, but do not strike out the only thing in it that will lay the wire. The ComCommerce deemed it for the commercial interest of the people of the U.S. that these wires shouh be laid, and they recommended it also for the interest of the Navy Dept and of the War Dept and of every Dept of the Government. I hope the bil will pass just as it is before the body; but if the amendment of the Senfrom NewHampshire prevails, then I hope it will be killed.