The Sun.
London, England, 1853-04-11 00:00:00

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NORTH OF SPAIN RAILWAY.
• tr' iviestaay,onne, Iran, St. Valladolid Tlosa, Bilboa, Vitoria. Miranda,
Burgos, Palencia, , Avila, L'Eseurial, Madrid.
ec,anitsl 29,925,000 piastres, 315,003 shares of 95 piastres each for
'.1)41n, 500 francs for France, or 201. for England. Deposit 19 piastres
SPain, 100 francs in France,' or 4/. in England.' One fifth of the
,capital.has been subscribed in Spain, two-fifths in France, aad two-
lifts remain for appropriation in England.
. President-11a Duke Be RiansareS.
• ; Bankers in Paris—Messrs. Rothschild, Paris.
Bankers in London—Messrs. Masterman, Peters, and Co. ; the
London and County Bank.
• Bankers in Bordeaux—Messrs. Ezpeleta et Fits.
agents in London—Messre. C. Devaux and C0.,-611, King William-
street, City ; to whom applications for shares may be made.
~ long, including the branch to t
or Bilboa.
The projectors have alreadyoeb t tip eg
is about 685 kilometres, or 427 milesh
of the Spanish Portion. which
traversesedathe concession for 99 years,
llstkilometres,
or 406 miles. They have paid 750,000 piastcresaelT; 't f
)01.) 650
, the caution
Money, and they are in actual treaty with the French Government
for the section from Bayonne to the Spanish frontier ; the length of
which is only 35 kilometres, or 21 miles.
The Spanish Government guarantees to the Company, on a maxi-
!nun capital of 30,000,000 piastres (6,315,7890, a calnimum interest
w 7 per, cent., including 1 per cent, to be applied to a sinking fund.
„The Provinces and coma ones traversed by this railway, as
'1 wellas contiguous provinces and communes, have agreed to share with
,cti?overnment the responsibility of this guarantee.
]nabs Spanish Government, perceiving the great advantage which
wh,result to the public revense by the encouragement of railways,
develop the various sources of national wealth, have faithfully-
,-3'42red to the guarantees they have given ; and even in cases where
00.1Panies have not been able to perform their engagements, the
fore7,,rnnacilt has returned -to such companies, whether native or
Me entire sums paid as cautionary deposit.
vrvl order to secure to the shareholders in the North of Spain Rail-
siZi the foil value of the guarantee of 6 per cent., and 1 per cent.
eh hind, a general contract has been already made for the pur-
atoacr of the land, the construction of the whole line, and for rolling
at a „' &c., according to the requirements of the Government,
81,_,Ice within the guaranteed capital. The contractor has depo-
tle,._n 00,000 piastres or 105,2631., as a guarantee for the due fulfil-
tn.: of the contract, and is to leave.s peicent, out of each certificate
shalle bands of the directors as a further security, until such reserves
:Mount to the sum deposited.
ott-mecontraet price covers all expenses incur/led in surveys and
cent.' 71.se UP to the present time, and /eaves a - fund of about 10 per
the. capital in the hands of the directors, to meet the general
cent7r7r the undertaking, and to pay interest at the rate of 5 per
annum to the shareholders during -the course of construe-
CaThe Worth
~„_. of Spain Railway connects Madrid with several provin.
-inc —tloWns, forming points of convergence of various high roads,
v 'tote, where seven meet. Burgos, Valladolid, and Avila,
slob,r,also the centres of similar streams of traffic. .
cpn-laC North of Spain Railway traverses most important industrial
,il,lsricts, such as the provinces of Biscay, Gsipttscoa, and Alava. it
also through dis tracts rich in wools, wines, and corn—districts
„„.. ortag much more than they can either consume, or at present,
which, to gain access to the home and foreign markets, teed only those facilities of economical transport which this railway
Will Provide. y
The North of Spain Railway wit establish a thorough communi-
cation between the Atlantic and the Mediterranean. Starting
/rom.Bayonne and Itiboa it will proceed through Irun, St. Sebastian,
Tolosa, and -Vitoria to Miranda. At Miranda- it reaches the river
Ebro, which is now being canalised down to- the port of Alfaquea,
on the shores of the Mediterranean. At Alguirld also it will be placed
in communisation with the great line of .railwar now in course of
construction between the capital and Valencia.
Another very important feature of this great undertaking is that
4..5t Valladolid it will reaCh the river Douro, which runs to Oporto ;
at Madrid, it will be brought into connexion with the
tti-Ylaz Rai/way, which will be continued first to Badajoz to meet
;a'cn.toffuese line to Lisbon, next to Cordova, and thence to
le and Cadiz.
Of ,43,"tirrlate the advantages which such data promise to the North
l't4",/lin Railway, the distinction between Spanish, English, and
,Pitit,r4,lllvays must be kept in view.
,i'mcanse s-1,.'11e cost of construction is greater in England or France,
ne :_earer I,l"'nd is of a higher value than in Spain. Labour is much
bepogLand and in France than in Spain. Rails a'so and
insectffeeeer in France a price somewhat extravagantly high, in
Pain they. or the protection given to home industry, whilst into
rotthe°l°,_diy areTbirnPorted from England free of duty..
nr,;„B'°we'r"-,a-:.:raturn from railways in England or France are of
eoe° es raitloPment than in Spain, because in the former
-'3ll have to compete with already existing and long
'!"oinent of sOf conveyance, whilst in Spain railways, from the
The o
Pening, absorb the whole of the traffic.
Run; are less profitable in England and France than in
nPOn. th—e they can be secured only by incessant reductions
- Whilst i„ 'anfil§ of the numerous competing means of transport ;
rativa, -`!PaIll the tariffs will, to a certainty, be largely remtme-
Der eent.'7, heY can reasonably be fixed at 50, 100, and even 200
blue che.:ll7e the English and French :tariffs, and still remain
than the old. means of transport, and be accordingly
Ilie„ •
tion distinctions are well founded, and have received confirma-
,,th he results of all the existing railways in Spain ; blelnce
aeter—``a -I,47uosepany till& Valencia to Alcira~has been- compelled,-, Neu 2ew
heated
traffic, to' dOtible the rolliflgpsorottewgceurAni
Lang,„T sufficient for several years. u
of 2o centimes per
in the Asturias, the exorbitant tariff
means of
z...ltilometre and per ton sufficed to put down all competing
kilometres long.
LansPOrting the coal of the basin of Same to thespott of Gijon ; and,
tIY, the line from Madrid to Aranjuez, only
and Which runs to ne centre of production .or commerce, had in
1852,
the first year of its 'working, a traffic of 300,000 passengers,
and 110,060 tons of merchandise.
be expected from this line have
• The estimates of the receipts to
been framed under the special
superintendence of the provincial,
Consular, and municipal corporations of Biscay, and establish upon
the existing traffic
immediate return of 5,150,000 piastres, or
-
1,08 ~210/., which, after deducting 45 per cent. for working ex.
pe nse.,tl.e.7.rehsisaesntienite,
net
estivate,
upon the capital of the Company of 10
cent. per
however, is wholly irrespective of the in-
crease which improved means of transport invariably ensures.
• The Board of Direction will be nominated in the statutes of the
company, and will consist of eight Spanish,. four French, and three
English Directors. Three French Directors have been appointed,
viz. :•-•

M. Ardouin, banker, Parii,
M. De Grimaldi, Paris, and
M De Ezpeleta, Paris and Bordeaux.
London, April 9, 1853.
FORM OF APPLICATION FOR SHARES.
North of Spain Railway Company.
To Messrs. C. Devaux and Co.
Gentlemen,—T request you to allot me shares in the above
Undertaking, and I hereby agree to accept the said shares, or any
less number you may allot me, and to pay the sum of 41. on each
Share allotted, at the time to be specified in your letter of allotment.
Dated this day of 185
Name in full ..... ••'• .... • . • • ..... •
Re,idence ••••••...„••....••
Professi0n... • •

IMPORTANT MEDICAL AND SURGICAL WORKS,
Just published, by U. Rainier% 119, Regent-street, London.
No I.
O8vo" in cloth. price Ss. by post free, 55. 6d.,
N TRUE & FALSE SPRRMA.TORRHCEA,
with the View to the Correction of wide-spread Error,
arrrelation to the Treatment and Cure of Sufferers from Debility of tbe
Cienerative System, or Sexual Hypochondriasis.
Translated from the German of Dr. PICKFORD
44 Ts_
•ur. Pio-Mord is known to English readers by his frequent preen-
Oat contributions to German medical literature. This is the first
,reZe, he hip,
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other equally
deteret any • We trust this may not be the last, if he shall
Power ii,,,Y
"We prom
..ee,,,rree,tn—London Medical Gazette, May 30, 185"
flagrant evil which it may be in his
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War:t, in order to
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greatseveritynittLe impostors who make a.
With er to exhibit its aim more clearly. The author lashes
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a
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re satisfied that many hindredaw would
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tiv,.,l a more ratio Perrnatorrhcea, and to place the treat-
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Aaedical circular, June 16, 1852.
Ittnt 08°0•tin Cloth -Sc. 11.
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111 Member of th.B.A r• R. COURTENAY,
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e stet), of . views be (Mr. Conrtenay) has given
ay any hin, ..." great many cases successfully treated, as bad
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--Professor Lizars on the Treatment of Stricture.
-----____

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VISIT TO THE. TARES ; SKETCH OF EDINBURGH, &c.
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THE LAKES OF KILIARNEY ; REMINISCENCES OF
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