While such objection is inconsistent with the fourth it may have some force; but as the greater part of the country is already provided with all the railways that will be needed for a generation, it is not a very serious objection even if it is as difficult as asserted to procure the building of new lines. It is not probable, however, that the government would refuse to build any line that would clearly subserve public convenience, the conduct of the postal service negativing such a supposition; and for party purposes the administration would certainly favor the construction of such lines as were clearly needed, and it is high time that only such should be built; and what instrumentality so fit to determine this as a non-partisan commission acting as the agent of the whole people? The sixth objection is that lines built by the government would cost much more than if built by corporations. Possibly this would be true, but they would be much better built and cost far less for maintenance and "betterments," and would represent no more than actual cost; and such lines as the Kansas Midland, costing but $10,200 per mile, would not, as now, be capitalized at $53,024 per mile; nor would the President of the Union Pacific (as does Sidney Dillon, in the _North American Review_ for April,) say that "A citizen, simply as a citizen, commits an impertinence when he questions the right of a corporation to capitalize its properties at any sum whatever," as then there would be no Sidney Dillons who would be presidents of corporations, pretending to own railways built wholly from government moneys and lands, and who have never invested a dollar in the construction of a property which they have now capitalized at the modest sum of $106,000 per mile. After such an achievement, in making much out of nothing, it is no wonder that Mr. Dillon is a multi-millionnaire and thinks it an impertinence when a citizen asks how he has discharged his trust in relation to a railway built wholly with public funds, no part of which Mr. Dillon and his associates seem in haste to pay back; their indebtedness to the government, with many years of unpaid interest, amounting to more than $50,000,000, which is more than the cash cost of the railway upon which these men have been so sharp as to induce the government, after furnishing all the money expended in its construction, to accept a second mortgage, and now ask the same accommodating government to reduce the rate of interest--which they make no pretence of paying--to a nominal figure, and to wait another hundred years for both principal and interest. To make sure that the government's second mortgage shall be no more valuable than second mortgages usually are, and to make it more comfortable for the manipulators, Messrs. Gould and Dillon now propose to put a blanket first mortgage of $250,000,000 on this property, built wholly from funds derived from the sale of government lands and