The Sun.
London, England, 1867-12-09 00:00:00

I'ENNSYLVANIA RAILROAD COMPANY.

From official sources we learn that the heavy
masonry section at Mount Union, on the line of
the Pennsylvania Railway Company, having been
completed, they have been enabled to open their
double track, the entire length of their main line
between Philadelphia and Pittsburgh ; on a portion
of their line they have a third track as well. The
nett earnings of this company for the first nine
months of their fiscal year, applicable to dividends
on their common shares, have already reached nearly
twelve per cent. on the capital stock.
"To persons given to ideal recreation, and to
whom it is a joy to contemplate an imaginary rail-
road built in opposition to the Pennsylvania Rail-
road between the Delaware River and the Ohio
State line, it might be of advantage to consider the
probable efficiency and possible capacity of the
Pennsylvania Railroad Company when it shall have
added to its two tracks a third track, and to its
third track a fourth track, between Philadelphia
and Pittsburg !

" The Pennsylvania Railroad passes through water-
gates across the entire mountain system of Penn-
sylvania, the Allegheny main summit excepted,
along rivers which have
,their sources in the crest
of the Allegheny, where it is pierced by a tunnel.
From the west portal of the Allegheny tunnel the
Pennsylvania Railroad descends Wong the Cone-
maugh and out and ou through open passes in Laurel
mountain and Chestnut ridge ; from the east portal
of the Allegheny tunnel the Pennsylvania Railroad
descends along the Juniata through a succession of
sundered mountain chains and ridges till the Sus-
quehanna is reached, and thence along the Susque-
hanna till the South mountain, the last of the
series, is passed through. Where the mountain
passes arc narrow, and the mountain sides precipi-
tous, the tracks may be divided to occupy both edges
of the available water-way.

" This line, whatever may be done in the folly
and madness of opposition in after years, will re-
main master of the situation. By appropriating
two tracks to freight trains, fast freight can be
started off in advance, leaving unobstructed right of
way for heavy freight on slow time ; the passenger
tracks to be appropriated to express and accommo-
dation trains, so that different speeds may be run
and harmony of motion preserved, as per time table
adjusted to the requirements of local and through
travel, and to economy in transportation of fast and
slow freight—slow time being conducive to profit
in the freight department.

The Pennsylvania Railroad in its present con-
dition is the grea,t.st, of the trunk lines between the
East and the West ; and the Pennsylvania Railroad
in its foreshadowed enlargement of track and train
c ipacity will maintain its rank as the best outlet to
the ocean, fro►n the network of iron roads in the
Mississippi Valley ; also and likewise as the Atlantic
end of a dominant national trunk line through the
zNie of States on the fortieth parallel across the
Continent, with as many discharging train-ways in
cities on tide water as there are mouths of the
Mississippi River emptying into the Gulf, from
20,000 miles of inland river navigation."—Phila-
delphia Railroad Register.

CINCINNATI, November 19.—The reorganisation
of the Mississippi Railway is complete. The new
board of directors are Wm. Aspinwall, James W.
Allsop, Allan Campbell, William Whitenight, jun.,
S. F. Odell, W. Scarborough, Larp Anderson,
William D. Griswold, Alexander 11. Lewis, John
11. Ross, Samuel and Lewis 13. Parsons. William
D. Griswold was elected president, Alexander H.
Lewis vice-president, and John W. Conlove gene-
ral superintendent. The new corporation closed
the settlement of the difficulties with the city of
Cincinnati, and secured all desirable accommodatio❑
i❑ the city.

The gross earnings of the Vermont Central and
Vermont and Canada Railroads in the year ending
with last May were $1,783,991, the total expendi-
ture $1,300,863, and the net earnings $483,128.
Since June 1, the earnings show an increase of
$42,734 over the same months 1 tst year. To
meet maturing liabilities $146,896 are held in re-
serve.

Worcester, Massachusetts, talks of building a
new depot, to accommodate all the railroads cen-
treing there.

The next Legislature of Massachusetts will be
petitioned to charter a branch of the New London
Northern Railroad from Palmer, through Wilbra-
ham, Ludlow, and Chicopee, to Holyoke.
The Wall-Street Journal tells us :—" A meeting
to organise a company for the building of a railroad
along the shore of Lake Ontario, from Oswego to
Lewistown, on the Niagara River, a, distance of
140 miles, has been held in Oswego. The
capital stock is $4,000,000, which, it is estimated
by competent engineers, will build and equip it
ready for use.

The Directory of Vie St. Paul and Lake Superior
Railroad Company has been reorganised, and now
embraces the names of J. Edgar Thomson and
Samuel M. Felton, of Pennsylvania ; Isaac Hinck-
ley, President of the Philadelphia and Baltimore
Railroad ; J. Moorhead, of the firm of Jay, Cooke,
and Co., and R. M'Comb, National Pacific Rtil -
road. The work on the road is in active progress.
The Special Committee on Southern Railroads
has concluded the work of taking testimony, and
the report to be made to Congress is now in course
of preparation. It will show that the companies
have paid their indebtedness to the Government as
rapidly as they could; that they have been doing
very littic business since, the close of the war, but
that it ba3 Ven gradually improving.