The Sun.
London, England, 1866-05-22 00:00:00

THE SUN, LONDON, TUESDAY EVENING, MAY 22, 1866.

grant the small amount of credit asked for by the
company. At the first, prudent men may feel un-
willing to increase the liabilities of the Government ;
but when the proposition is examined, and the in-
calculable benefits the road will confer on the na-
tion are considered, very few, if any, will oppose
this measure. For instance, the Minnesota rail-
roads will reach Crow Wing during the present
summer. From this point to the North Bend of the
Missouri the distance is two hundred and eighty
miles, and the amount of stock asked to be gua-
ranteed to build this part of the road is seven
millions of dollars, the interest on which would be
$420,000. As navigation by small steamers on the
Upper Missouri and the Yellow Stone reaches
nearly up to the richest mining districts of Mon-
tana, for this trifling sum that wonderful region
would be brought into direct connection with the
rest of the Union. The gold product of Montana,
during the last year, only the third since the dis-
covery of the precious metals there, was $16,000,000.
Open this communication and the amount will be
increased tenfold within five years. The economy,
not to say the imperative necessity, of the road be-
comes at once evident.

The amount that will be required to meet the
pledges of the Government will be very small at
first, and will not increase as fast as the revenues
and benefits of the road will accrue to the nation.
The amount, when the entire line is completed
from Lake Superior to Puget's Sound, will be very
little more than three millions per year, for the
reimbursement of which the lands and property
of the company will furnish the most abundant
security.

According to the Philadelphia Press, it may be
regarded as settled that the projected new trunk
railroad through Pennsylvania has received its
quietus for at least a considerable period. The
Atlantic and Great Western Company and the
Pennsylvanian Railroad Company have come to
terms with each other. The Great Western Com-
pany have leased the Philadelphia and Erie Road,
and stipulate to lay a third rail for a narrow track
from a point eleven miles west of Corry to Cincin-
nati, and eventually on to the farthest point to be
reached by that line. Until this third rail shall be
laid goods will be transhipped at Corry. These
stipulations have been forwarded to England for
approval by the capitalists there interested in the
Great Western. This gives them a new route to
Philadelphia by the Catawissa and the Reading
roads, and by the Lehigh Valley and New Jersey
Central to New York.

The Commissioners appointed by the President
of the United States to inspect the work on the
Union Pacific Railroad, Major-General S. R. Cur-
tis, Lieut.-Colonel J. H. Simpson, Topographical
Engineers, U. S. A., and Major Wm. M. White, of
Connecticut, met at Omaha on the 16th ult., and in
company with invited guests had an excursion to
the end of the completed line. Eight months ago
but four or five miles of track had been laid down,
and no machine shops or other buildings had been
erected. To-day 64 miles of track is in running
order—substantial machine shops and depots have
been erected at Omaha, and the line is progressing
at the rate of one mile in every twenty-four hours,
and November next will witness 200 miles of the
road finished and in running order.