Mr. CHANDLER. They1st conceived this idea of laying this cable, and are willing to put their money into it, and you must offer them some inducement to do it. We have been waiting 21 years; it is more than 20 one years sinc the 1st wire was laid, and no body ever proposed to lay a wire to the island of Cuba, and to the West India islands until these parties came forward and made the proposition. I must say that I was surprised they did not do as others have done, ask a subsidy in addition to the right and the exclusive right. The Senator spoke of the line to California, and says we granted it $40,000 a year. Yes, sir, and we promised to pay $70,000 peran num to the Ocean Telegraph Company if its line was a success between Ireland and N ewlound land; and if that were to become a success today we should pay $70,000; and the promise of thisnation and of GreatBritain to subsidize that line has induced them to squander some 4 or 5 million dollars, more or less, and I do not know but that I should say “ pounds sterling” instead of“ millions of dollars in an experiment to lay a line across the Atlantic. Here acompany comes and otfers to bail a line for you without money and without price, and all they ask is the benefit of their own enterprise and the enjoyment of it so long as you grant an exclusive monopoly for a wash tub, and you say, “ We will not grant it.” We have drawn this bill so as to grant these privileges for 14 years: why 7 Because you have the inventor of a wash tub the enjoymento his in vention for 14 years, and we didnot suppose any man on this floor would object to a grant for 14 years. This is the invention of these parties substantially; they were the 1st men to conceive the idea of laying this line; they were the 1st men who saw the commercial importance and perliaps the money returns of it. I hope they will have rich returns if this line be laid). They 1st asked us to give them a grant for 50 years. That the ComCommerce refused to do, but they did recommend that they should have 25 years. Objection was made to 25 years, and now we propose to make it 14 years the same time that you give for the exclusive enjoyment by the patentee of every patent that is issued from our Patent Office; and you say strike out “so 0;” in, other words, “We will give you nothing." Mr. President, I hope the Senate will not take the same view that the Senfrom Ohio does; I hope that the Senate will up reciate the commercial importance of having this wire laid. Although the parties who constructed the California line may make money, wasit not for the interest of this Government to pay them $40,000 a year rather than not have that line laid; and how do you knowitwonld have been laid until todayifyou had not by your subsidy inaugurated the 1st success? How longwould it have been before our Pacific railroad would be built if you ha not subsidized a road to build the 1st line? How long will it be before this wire will be laid if you do not grant some protection to the men who lay it? Sir, you will not see this wire laid in half a century if you do not grant some rotcction or some subsidy to the parties who ny the 1st line. After it is a success, after, as in the case of the English wire across the Atlantic, millions upon millions of pounds sterling have been sunk and they have learned how to lay a wire,then perhaps some other company will come in and the wire will prove a success. In the we of the 1820 was Atlantic cable, the rojectors will have sunk their millions and have nothing to show for them; but they have the promise of a subsidy and an exclusive privilege for a given number of years, and therefore they have gone on and squandered these untold millions. This company, I trust, will not be as unfortunate as the nglish company has been. If they are it will be their misortune; it will be our fault if we do not offer them every inducement in our power to inaugurate the undertaking.