696 Co7'7'cspo7z.zlmts will oblige us by scmling in their conmnmimliovts by Tzleszlmy morning at latest. --3 ,, ,_g'.—;r1s),_t*,,,j1r—|n4—¢~¢-rc- +5. PRINCIPAL CONTENTS. Mineral lands of lake Superior... .. .. .. .. .. ..6£l3 Railways................ . . . . . . . ...........695 English iron trade . . . . . . .. ..695 Acity o'frailroads.... ......695 English railway capital. . . . . . . . . . . .. .. .. .696 .Resultofrailroads.... Richmond and Ohio railroad . . . . . . . . . . . . . . . . .096 .A1VII1}R.ICA.N RAILROAD JOUIINAL. PUBLISHED BY D. K. MINOR, 23 Chambers street, N.Y. Saturtluy, October 31, 184-6. English Railtvay Capital. The Railway Record says, the total amount of capital authorized to be raised by the railway acts of last session is——for England, about $70,000,000; for Scotland, .-813,500,000; and for Ireland, £9,000,- 000. The deposits prepaid in respect of these un- dertakings, amount in round numbers, to £5,000,000. A calculation of the cost of French railways gives the following results : The total expense, 2,109,114,- ’78Qf.; total dependent on the companies, 1,050,674,- '782f.; on the state, 449,4-’l0,000l'. Out of the above obligations on the companies, there has been alrea- dy deposited the sum of 437,750,000f. The state has devoted the sum of lR;2,500,000f. Result of Rail:-omls. The Wilmington, (N. C.,) Journal says that “the present population of that town amounts to 9,000, an increase of 6,000 since the 9‘ail7‘0arl was built, six years ago, when it was only 3,000 !” Thisis but a single case from a long catalogue which might be quoted, when the influences which attach to railroads, and the effect which is produced by their establishment, is apparent. All experience shows that wherever a track is laid, and the route is afterwards judiciously and properly managed, new towns and villages arise along its line, and an im- mediate and healthy impetus is given to the business and general prosperity of old ones. This will apply especially to the roads upon our Atlantic borders, and those who take the pains to watch the progress of passing events, are aware of the correctness of this statement. It must be a source of high gratification to those interested in railroads, directly or indirectly, to know that at the present time, a deep public interest is be- ing manifested, in all directions. There are now more than 10,000 miles of railroad in use, and in course of construction, in this country, and we have constantly, the most flattering accounts. in relation to their existing and prospcclirc success. In Eng- land the disposition to encourage and foster these enterprizes, is a growing feeling. All parties unite in pushing forward this great modern improvement, and all join their means or influences to augment the number of railroads, wherever there is fitting op- portunity. Sylvauus, in his “ Pedestrian Rcminisccnces,” grieves over the downfall of cuacltivzg in England, and hopes that “ the day will come when their fate shall be avenged, and when railways shall be Voted slaw.” ln mourning the absence of the “old mail coach,” he says, “ how short sighted were we poor mortals when we imagined the ‘London and Devon- port,’ or ‘ Ilalifax and London,’ fast mails were suf. ficient for getting along. These. and many more got over the ground at the rate of 10 or 152 miles an hour, and were, to my notion, the very beau-ideal of travelling. The make of the old mail was exceed- ingly handsome, strong, and perfectly unique. The exquisite color, royal arms, with the scarlet uniform of both guard and coachman, gave the equipage quite a distinguished air as you saw it opening on your sight far over the distant hill, as you sat on the ‘ down mail’ that was so rapidly giving it the meet- ing. VVho does not recollect the thrilling interest of the scene '2 VVell might the greatest bard and most exquisite judge of life exclaim, ‘what a delightful thing’s a turnpike road 1’ for so it is, or, alas! that I should be obliged to say it-~was.” But the days for coaching are past, and the “ crawl- lrzg age” of “ twelve miles the hour” teams, must give place to the days of steam. Few men are now- a-days satisfied with a speed of less than double the best time ever made by the “ fast mail.” Such is the march of improvement! The interest felt in railroad movements in Amer- ica is progressivc, and we observe with much satis- faction, that the press throughout the country is alive to the important benefits connected with this subject. A New England paper remarks very truly, that the feeling in favor of railroads in the United States has by no means reached its maximum; it has ar- rived to nothing like the pitch it has reached in Eng- land. To that point, or near it, it certainly will ar- rive, when not only all, or nearly all the railroad en- terprizes now projected, will be bui1t——but many oth- ers, some of them now thought to be absurd, and others scarcely dreamed of, will be established.” The New Hampshire Gazette remarks that “if the various railroad routes are executed, which are now proposed, (and most of them will be,) the sea- board of New England will have a much more di- rect available connection with the interior than has hitherto been the case.” New England has already realized a vast amount of benefit from her internal improvements——and the Wester1'i and Eastern roads can be pointed to as evidence of the fact. VVithin the past five years, the city of Boston has increased her population in a ratio almost or quite double that of any previous five years in her history, and for much, very much of this augmentation to her pop- ulation and local Wealth, is she indebted to the rail- roads which terminate at that point. In this busi- ness, the eastern states are decidedly in the advance; and Massachusetts more especially, in the matter of railroad enterprizes, has set an example worthy to be followed. The following from the Concord Gazette, will be found appropriate, in connection with the other re- marks, and we take pleasure in pointing it to the at- tention of the readers of the Journal: “ The route from Portland to Montreal is urged on with great vigor by its friends, and operations have been commenced at both ex- tremities of the line. It will most probably be carried on to completion in spite of its great cost, and the lack ofcapital which it would commandrwere it a Boston or New York en- terprize. Salem, (Mass.,) is soon to be con- nected with the ncw city of Andover by a railroad, and thence to Manchester, in this state, a road will be built in the course of a few years. Portsmouth also cannot fail at no very distant time to have a direct road to this place. This will enlarge the market for do- mcstic produce to the great advantage of our farmers. In other parts ofthe country great progress is now making in furnishing the in habitants with railroad facilities. The great New York and Eric railroad, from New York city to lake Erie, is again put in course of construction, being new in operation over ARIERICAN RAILROAD JOURNAL. 60 miles. It is also contemplated to build a railroad from New York city to Albany, :1 distance of 150 miles, which it is intended to run over in five hours, the fastest steamboat not being able to go it in less than eight.- In winter, of course, it will command the whole traffic. The only railroad communi- cation in winter now is by means of the Hous- atonic railroad—-a very round about and in- convenient route. It is stated that the Wes- tern railroad is likely to be benefitted by the new free trade system ofthcEnglish, as much of the produce which was formerly shipped by way of Montreal will now come over the Western road to Boston. This stock is now nearly up to par, and the prospect is that in a short time it will pay a dividend of more than 6 per cent. A railroad is now construc- ted some distance above Springfield, (lVlass.,) on the Connecticut, and is said to do an im- mense business. This road will no douhtbe extended up the valley of the Connecticut as far as VVells river, at which point the propo- sed Passumpsic road will touch the river. “ Of the southern states, Georgia seems to have taken the lead in railroad matters, there. being in that state over 500 miles of railroad in successful operation. In Ohio considera- ble has been done within the last year, but the western states in general are doing but little.” Riclunond and Ohio Railroad. In our last, we alluded to the excellent article which follows below, and to which we direct the es- pecial attention of the reader, at this time. It will be found highly interesting—and contains much val- uable information in reference to the rich valley of the James river, through which the _Richmond and Ohio railroad is destined to pass. The statistical matter contained in this article will be found valua- ble, and we give place to the article entire, believing that it will be useful for reference liereafter. Virginirt and ]w’)‘ Great Centml Improve- 7ne7zl.—(Fr0m Hu7Lt’s ]VIerrc/umts’ Maga- zine for »S'ey9lember 1846.) In the magazine of November last, an ar- ticle appeared entitled ‘The Railroad Move- meat in Virginia,’ presenting some general views upon the importance of constructing a continuous railroad from the city of Rich- mond to Guyandotte on the Ohio,at the mouth of the Guyandotte river, in Cabell county. The project of connecting the valley of the James river, with that of the great Kaua- wha, in order to open a thoroughfare from the Atlantic to the Mississippi valley, through the heart of Virginia, is one of the most im- portant schemcs ofinternal improvement in the United States, \vhcther regarded as a great national work, or considered only in relation to its bearing upon the interests of Virginia. More than half a century ago Washington pointed out this great route as one of para- mount importance to Virginia, as a channel of intercommunication between the eastern and western sections of that great state. He actually reconnoitered the conntry,.found the route perfectly feasible, and manifested l1lS usual sagacity and foresight in locating seve- ml tracts of land along the line, which have since become estates of immense value, and some of them sites of flourishing villages.