The large property of this Company in the Pacific can be made available for no other purpose than that for which it was created. Any company to be thoroughly effective there, must create its own stock, and support works on the same general plan as those created by the British East-India Company. Their success in building up this large establishment on the Pacific was simply an accident; and that accident the discovery of gold. But for this the Company would have failed in two years, or gone back pleading to Congress for relief. But the gold crisis saved it, and the enterprise was very remunerative for the first few years; but since 1853 the profits have been limited, while for one or two years the Company have sustained actual loss. They calculated too largely on the prospective business with California, and have too large a sum invested to make much for the future. And yet, with a smaller investment they could not perform the service, except in that dangerous, cheap, indecent way, of innumerable wants and deprivations, which the American people have begun to despise. They have had some few disasters, but none of those of a fatal character in the Pacific. The "Winfield Scott" was lost in entering the harbor of Acapulco; the "Tennessee" in entering that of San Francisco in a dense fog. The "San Francisco" was lost, as will be remembered, on this side, near our coast, as she sailed with troops for the Pacific. The Nicaragua Transit Company fared much worse with their steamers in the Pacific. They lost the "North America," the "Independence," the "S. S. Lewis," the "Pioneer," and the "Yankee Blade." Mr. Wm. Brown also lost his steamer "America," which he was running between San Francisco and Oregon. She was burned.