Mr. GRIMES. I do not think it is a good argument in favor of the measure. I think the interest of the Governmentwouldbe most subserved by requiring these parties to perform their contract and touch at both places recisclyastheyagrcedtodo. Whatdifference oes it make to us whetherthe steamers of this company, which must make, according to the terms of the contract, 12 round trips in the year, make the passage in 31 days between Houg Kong and SanFrancisco, or make it in 26 days? It may be some advantage to a particular man on our eastern coast; but it is of no particular advantage to the Government, so for as I can see. While it is an advantage to one particular man that there should be that speedy communication, it is an advan tage to 50 men that the vessels should touch at Honolulu. The navigation of the country, the commerce of the country, and the naval interests of the country, as I undertook to show when this subject was under consideration be fore, require that these vessels should touch at Honolulu, for that is the great rendezvous of the whaling commerce, and at which nearly ever whaling vessel that we have in the Pacific toue es; furnishing an opportunity to the commercial men in Maine, in Massachusetts, in Connecticut, and in RhdIsland, to commu nicate with their vessels that are employed in the Pacific ocean. Mr. President, it is rather too warm to discuss this subject much today. I have only to saythat the issue is fairly presented before us, whether or not we shall allow this exceedingly rich company, that has entered into a contract with us to perform certain services upon payment by us to that company of half a million dollars a year, to be re eased from the terms of that contract, without any attempt hardly to perform the contract, without having, at any rate, attempted to make a single trip, without consideration, and without restoring to us or proposing to restore to us any portion of the all a million of dollars which we have agreed to give them provided they will fulfill their part of the contract. Mr. President, I had occasion the other day to see some comments that were made upon an observation that I dropped in the Senate here, that it was very important that these ackets should be compelled to touch at Hono ulu on account of the interest that our Navy had in the subject; and I believe there were some remarks that indicated that that was a most extraordinary proposition. Why, sir, GreatBritain requires her vessels to touch at not less than 15 different ports for no other purpose than to keep up a constant communication with her naval vessels throughout the world; and, as I said then, the fact that we shall thus be enabled to communicate with our naval vessels at the SandwichIslands and in those seas, was one of the reasons why I was reconciled to the ppssuge of the original bill over a year ago. How, sir, suppose we pass this resolution; what does the Senfrom Massachusetts tell us? He says that he trusts that he shall have the privilege at the next session of Congress of voting another subsidy to establish a line between SanFran cisco and Honolulu.