The Clerk read as follows: “ To construct this road.Congress.by an act of the last session.madea most munificent grant of 20 squaremiles of land or 12,800 acresfor eachmile of theroad through Wise on sin, Minnesota and Oregon and 40 square miles or 25, 600 acres, for each mile of t to road through Dakota, Montana. Idaho and Washington Territories. making an aggregate ol torty suvenmillion 360,000 acresfor the whole grant. “These lands, when the road shall hebuilt and the bsiutesisn, ewsosufladirlcyerstatainrtlyeda, vienrcalugdeitnegn tdoowllnarasnpdesrtation making thesumof 973, 600,000. acre. “ Supposingthuconstructionof theroadshouldeost Im. (.DO0Opoe., ele.athve meIntire costat this rate would be to theshareholdersan excessof cle“ar profit from the lands alone of $353600000 This estimate “160.0(1)permile asthooolt.ar the road was liberal. in view of the vast quantities of material for its construction found along the route, includin exhntlslltss minesof iron of the bestquality“. which I could be turned into rails and the estimate at ten dollars peracre as the value of the land is reasonnblo.when those land:Iare comparedwith the grant made for the construction of the Illinois Central railroad., “The landsgrantedto thise ompanyhave not been called and selected, but are cm hntically ncw lands. while the Illinois grant was of and swhich had been many years in the market, much of them having been graded down to 12 auda halfcents peraere; yet no sooner was the road completed than those shilling lands at oncer osein valueto 20 dollars, 30 dollars. 50 dollars, and even 810operacre and rum them that road was now in successluloperatlou. “With perseveranceand energy. backed by the menusat their command, this road could easily be completed and in full operation. with a telegraph accompanying it. within 7 years; and atthis rate, costing. as already estimated 8120000000th. e proceeds of the lands would yield to the sharehol ers. after reimbursing the whole of the original outlay more than 100%r upon the capital. leaving out of view the earningsof the road."