Mr. FESSENDEN. Will the Senator be good enough to inform me what rival line there is from SanFrancisco to China? 'Mr. CONNESS. The rival lines to this are already in existence and have been for years and years, and the Senator must know it. The time ‘made by one of the rival lines, now, from Shanghai to London is 55 days, by way of the Isthmus of Suez. The time made by another line, by way of Marseilles, is 47 days. Give us this release; give this company an opportunity to plow the deep at the rate the wi I by this grand line, and your passage will be made from HongKong and Shanghai to SanFrancisco in less than 20 days, and from SanFrancisco to NewYork in 20 days, making 40 days altogether, thus at once, and before tghe construction of the Pacific railroad, overcoming the European lines. Why, sir, we are now receiving from those parts ofJapan and China the silks and the tens that are laid down in NewYork through English merchants and paying profits to English mer chants in that trade. 9 there anybody who cannot fhvor the change of these great commercial currents? A grasp of the subject seems to me to be only necessary to see the great advantage. But the Senator fears that we shall call for $50,000 annually for steam communication between SanFrancisco and the Sandwich Islands. Well, Mr. President, “sufficient unto the day is the evil thereof.” On one point more a word, and I am done. This company did not bid for this contract at less than the subsidy offered. They would not have made a bid for less. They had no competitors, although it was advertised for months and announced that it would be given to the lowest responsible bidder, which proved that no other company would engage to do the service for the subsidy offered. I‘hey not only engaged in it. but engaged in it upon a scale that is creditable to the American name and character and to the age in which we live. I hope, Mr. President, that the amendment offered by the Senfrom Massachusetts [Mr. WILSO.'] will not be accepted by the Senate. I am willing to accept, so far as I am concerned, the amendment otfered by the other Senfrom Massachusetts, [Mr. SUMNER] but would advise that in place of reducing the time ten days he reduce it 8 days. It is the object of the company, I say to him and to the senate, to make the least possible time. They are building the ships to do it with, and they will not fail ofsuccess ifyou 've them the incentive.