126 
REVENUE AND INCOME. 
Credits and Receipts. 
Value of vessels and outfits, deducting one year's wear 
and tear $5,040,000 
Value of bone and oil collected by fishing ten months 
instead of eight months 6,875,000 1 1,915,000 
Gross profits via railroad $3,326,050 
Gross profits around Cape Horn 902,000 
Margin in favor of the railroad, on account of the wha- 
ling business $2,424,050 
Two millions and a half is a large margin ; but there is room for a larger 
margin. Whether the national wealth would be increased to the full extent 
of it or not, it is evident from the exhibit that the communication, in reference 
to this one interest alone, is of sufficient national importance and magnitude to 
command the most attentive consideration. The prospect of gain is, to say 
the least, inviting." 
It is unnecessary to pursue the source of revenue derivable 
from the Pacific whale fishery any further. Its existence is in- 
disputable, and it only remains to construct the railroad for the 
certain security of a greater portion of this work. 
The opportunities for whalers to refit and replenish at Yen- 
tosa are too apparent to require comment. 
The next point of income would be the transportation of 
Western produce and domestic fabrics to the shores of the 
Pacific. According to the most reliable information we have 
concerning California, that new State, in consequence, principal- 
ly, of the absence of rain in the summer months, never can be, 
to any extent, an agricultural region. Enough of garden vege- 
tables, and perhaps of esculents, may be produced in the valleys 
for the use of the population, although this even is to be doubt- 
ed, but for cereal food of all kinds it must unquestionably de- 
pend upon the Atlantic States. Doubtless, large quantities 
could be raised in Oregon, but agriculture in that territory will 
not, in all probability, become a leading occupation as long as 
the gold of California offers such prospects as it does for the 
speedy accumulation of wealth. As it is, a great many farmers 
in Oregon have forsaken the plough and the sickle, in the hope 
of amassing money more speedily in the mines of California 
than by tilling their fields at home. 
