The Sun.
London, England, 1845-03-21 00:00:00

IRISH RAILWAYS.

(From the Dublin Evening Packet.)
We learn from the letter of our London Correspon-
dent, that Government is about to issue a Commission
to inquire into the merits and demerits of projected
railways for Ireland. This is as it should be. Specu-
lations are running fearfully high, and a re-action
would prove ruinous to the country. We are desi-
rous that every scheme shall undergo a scrutinising
investigation by a competent tribunal, and be disposed
of according to its merits. It is our first duty to cau-
tion people against gambling—that is to say, against
the purchase of shares of scrip at a premium, where
they are not competent judges of the intrinsic value
of the undertaking wherein they are about to embark
their money.
The worst consequences are likely to result from
Stock Exchange gamblings. After giving this cau-
tion, our next duty is to bespeak for each project its
due share of consideration from the Government. The
rejection of some lines by the Board of Trade has
given satisfaction to many, while the rejection of
others has caused loud complaints in very influential
quarters. We do not intend to do more than report
progress. Our opinion as to the propriety or impro-
priety of any of these rejections would be of no value,
as we do not comprehend their schemes, and we
shall therefore carefully abstain from the expression
of our opinions, merely premising that caution
should mark every step taken in these great under-
takings, which, if conducted with skill and honesty,
must lead to great public good. In the way of re-
porting progress, we may mention that the rejection
of the line called " the Royal Canal Scheme," has
caused very general dissatisfaction at this side of the
issued
were as 14,000 out of the 20,000 shares
were held by parties resident for the most part in
Dublin, who entertained a favourable opinion of the
project, and reposed confidence in the directors, many
of whom are highly respectable and esteemed to be
wealthy, as merchants and landed proprietors. The
disappointment felt in this respect seems to have been
augmented by the circumstance of the Gal way project
having been more fortunate, though in bad odour
among our merchants generally, not one of whom be-
longs to the direction, which presents the names of but
few landed proprietors.
The proprietors of the stock of both the Grand and
Royal Canals (between which lies the course of the
proposed Galway line) are loud in condemnation of
the report of the Board of Trade, whilst the public
are completely at sea respecting the grounds upon
which the decision has been founded. The Galvray
line, from its junction at or near Sallins, (twenty
miles from Dublin), traverses a barren and waste
bog, more than forty milesin length, while
he Mullingar project follows the bank of the
Royal Canal, running through some of the
richest lands in Ireland, towards Mullingar
and Longford, near which latter town it forms
a junction with the Shannon. The reasons of the
Board of Trade for the rejection of this line are
looked for with considerable anxiety, as no Irish rail-
way project appeared to attract more general atten-
tion. It is an extraordinary fact, that the shares of
.
the Galway scheme are heavy the market, and
have fallen in value since the decision of the Board of
Trade was announced ; while the determination of
the Directors of the Mullingar Company to proceed
to Parliament, in opposition to such decision, has
caused the shares of the latter scheme to advance.
The Board of Trade and the Railway Commissioners
for Ireland have, within an interval of a few years,
pronounced the most contradictory opinions respect•
ing three of the principal projects now before the
public.
theV attentionehavesaidof soh much,o for the purpose of
drawing Commission about to be
formed to all the circumstances of the case.

We understand that the marriage of the Right
Hon. Lord Gifford with Miss Berkeley, daughter of our
Hon. and Gallant Representative, Captain M. F. F. Ber-
keley, R.N., will take place early in the ensuing month,
and that a family party will shortly assemble at the Ridge
on the happy occasion.—Gloucester Journal.
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