The Sun.
London, England, 1857-07-02 00:00:00

LENGTH OF THE LINE.

The length of the line, with its branch to the iron mines of
the Adirondak, will be about 200 miles. Contracts have been
entered Wt 4 for its construction, including the rolling stock,
rights of way, and stations, the whsle amount not exceeding
8.0001. per mile, which is less than the average coast of rail-
roads in the United States, and not one-half the cost of the
New York Central and Erie roads, each. The gro-s amount
of the cost will be about 1,200,0001., which includes 100,0001.
of rolling stock. The line will have but one summit, with
level or descending grade eastward to the Hudson River, and
westward to Lake Ontario, the summit being about 1,700 feet
above the termini, at 100 miles distance, the heaviest gra-
dient being less than 5J feet to the mile, and these occurring
for three miles only, and with the slope in the direction of the
heaviest traffic. 200,0001. has already been expended towards
the construction of the line, and it is expected that the east-
ern division of 30 miles will be completed by the let of Octo-
ber next, and the whole line in eighteen months.
CONNECTIONS.

The line, and its proposed branches, will not only unite the
great Western Lakes—whose tonnage, traffic, and commerce
is larger in amount that the foreign commerce of New York
—with the seaboard, by a direct and advantageous route, but
will also bring the city of Montreal, and the Grand Trunk
Railway in Canada, into easy communication with New York,
thus materially shortening the distance over the line at pre-
sent in use.

LANDS POSSESSED BY THE COMPANY.
The Company possess upwards of 500,!00 acres of land,
lying adjacent to their line, and granted to the Company by
the State of New York, and the individual owners of land
along the line. These lands are exclusively forest, and are
filled with timber suited to shipping and mercantile purposes,
and wood of a description universally used for locomotive
fuel in the United States. For all of the varied products of
this forest an extensive and unsupplied demand exists at each
terminus of the line. The whole of this tract will be brought
within eight hours of the city of New York by the completion
of this railway.
EXTENT AND VALUE OF THE LANDED ESTATE.
The extent and value of the lands possessed by this Com-
pany, may be jvidged from the following extracts from a 1 to
report of A. F. E 'wards. Esq., the chief engineer, corrobo-
rated in all respects by John B. Mills, Esq , the consulting
engineer and land agent of the Company.
Speaking of these lands, they say:—" They are known to
be covered with an exeraordinary growth of timber, and on
this account are worth much more than lands fit only for ag-
ricultural purposes. Let us ro where we will in the State,
we find the lands which remain covered with wood and tim-
ber altogether the most valuable, and bringing high and in-
creasing prices."
There a,e, of-
1. Good pine timber lands 50,000 acres.
2. Lands containing cherry, cedar, curled
maple, tamarack, oak, elm, birch and
ash, all valuable for manufacturing and
special uses, and some of which aro mine-
ral lands.
3. Good spruce timber lands
4. Good hemlock timber lands, valuable for
plank boards and bark lOO,OOO „
5. LandS valuable, because connected with
water-power, and for town lots lO,OOO „
6. Lands valuable for cord wood, and for ag-
ricultural purposes

Total 500,000 acres.
the item classed as cord wood, represents wood for fuel, each
cord being 128 cubic feet, 2 fee, long, 4 ft. wide, 4 ft. higla.
The pine timber is of the best quality. There having been
no access 'o it by canals or railroad-, it has not been culled
or destroyed. It is, on the av rage of distance, 2''O miles
nearer to tide water than the pine timber on the Erie Rail-
road, at the heads of the Genesee and Allegheny Rivers,
where the best kind of timber is worth 1/. sterling per thou-
sand feet, board measure, standing in the tree.

It is ac f nowledged by many wlio hive examined this coun-
try, that the entire forest will average from sixty to one hun-
dred cords per acre, or will produce twenty thousand feet,
boa' d measure, of sawed stuff, of the various kinds, with r 0
cords of merchantable wood, and 3 cords of hemlock bark
Used for tanning leather.
The Company have, in addition to the 500,000 acres granted
to them, the op* ion of purchasing upwards of 250.000 acres, and
which it is evidently the interest of the Company to poss.s, ;
this includes 4 sths of the justly celebrated Adirondack Iron
Estate of 100,000 acres, of which the Company now own 1-sth.
Professor Emmons, the geologist of the state of New York,
in his report to he state, states that more than six millions
of tons of magnetic rock ore of 80 per cent, richness, lies with-
in two feet of the surface, and m st of which may be removed
without blasting, while there exists in immediate pr ,ximity
abundance of water power, and unlimited facilities for the
economical manufacture of charcoal iron.
By an act of the Legislature of the State of New York, at
their last session, the who'e estate of this Company is
exempt from taxation until 1879,
TRAFFIC.
The 'general traffic which must flow over this line is ex-
tremely rarge, and leaves no doubt of the remunerative
character of the undertaking. The directors estimate that
their annual earnings from way or local traffic, with the road
completed, will amount to upwards of 700,0001. sterling, the
outlay for which will not exceed 45 per cent.
A careful examination as to the immense supply of freight
existing at the summit of the road, the short distance from
market, the extensive and unsupplied demand for every item
of this freight at the eastern termini of the roads at Albany
and Troy, and at Lake Ontario West, for Western demand ;
the facts of the gradients, level or descending, in favour of
the preponderating traffic, the nominal cost of fuel, usually
one-fifth of the expense of maintaining a railway line, will,
when considered, fully justify the estimates of earnings, and
will prove most conclusively the capability of the road to
move at highly profitable rates the teeming prodxcts of the
forest.

MUSS P. HORTON'S NEW ILLUSTRA-
TIONS TO- VICHIT.—Mr. and Mrs. GERMAN REED
will reoelt th it Entirely New Entertainment, at the ROYAL
GALLERY OF ILLIT4 1' RATION, 14, Regent-street, this evening,
at 8. Mornin- performance on Saturday nrt, at 3. Admission,
2s. Is., Stalls, 3s. ; may be secured at the Gallery, and at Cramer,
Beale, and Co.'s, 201, Regent-street.

/FR. W. S. WOODIN'S OLIO of ODDITIES,
with New Costumes and • trious Novelties, Vocal and Cha-
racteristic. EVERY EVENING (Qaturday excepted) at Eight. A
Morning Performance every Saturday, at Three. Private Boxes nd
Stalls may be secured, without extra charge, at the Box-office,
Pelyzraohie-hall, King William-street, Charing-cross. Tickets to e
had at the principal Music,sellers.

ROYAL ARGYLL ROOMS.-LAURENT'S
C kSTNO, Great Windmill-street, Haymarket. —Great sac-
teas of the Lancers, every evening, with Laurent's Grand Orchestra
of Forty of the first artistes of London. Principal Cornet-a-piston,
M. Roulcourt. Doors open at half east eight. commence at nine.
The Lane rs will ba danced at half•pa-t ten. admission One Shilling.