The total disposal of public lands for the year ending June, 1868, was 6,655,742 acres, bringing in $1,632,745. The appropriations covered 941,641 acres sold, 512,533 located by military warrants; 2,328,928 taken under homestead entries; 259,197 given to States as swamp; 697,257 vested under railroad grants, and 1,942,889 under college scrip. The public domain comprises 1,834,998,400 acres, of which 1,405,366,678 remain to be disposed of. The commerce of the Pacific is increasing our Asiatic exchanges, and as transit may be made from New York to San Francisco by rail in seventy-two hours, and as our mineral wealth is of prime value to this end, it is believed that we shall soon command the major trade of Asia and have the clearing houses of the world. As specie has been drained to the east for centuries, we shall drain it back again as soon as we create trade. England and Russia are quarrelling for Asiatic supremacy, but our country, asking only commercial favors, has an advantage over both. In order to show what the Pacific commerce has for its supply and aids, a statement is made that we have 40,000 miles of railway, costing $2,000,000,000, annual earnings of $750,000,000, and a domestic trade of $6,000,000,000, annually.