The daily union. [volume] (Washington [D.C.]) 1845-1857, 1845-09-11

upheavpl of the fused trap, the fused Of copper
and silver were mingled with, and distributed about
the lake shore. The study OF geology affords much
curious and interesting contemplation
The American Board Of Missions assemble this
afternoon IN Brooklyn, at which il is expected Mr.
rfehnghnysen will preside. II is said large num-
Der OF ciergymen are in attendance.
large, splendid, and new steamboat, called the
oregon, was opened TO visers to-day and yester-
day, at pier No. 3, North river
symptoms OF a railroad fever are beginning to
manifest themselves in this country. as well as in
England. In New England the fever already pre-
walls 1t is just beginning to be felt in New York.
The stock 10 the long neglected, but important
Erie road, will all soon be taken and have no cues
ton but il will soon be at premium.
la England, it is said, the average net receipts
on all the leading railroads yield about 5 per cent
II is estimated that when all the roads in progress
are completed, including those in operations to yield
an income Of per cent. will require aggregate
dividend on the amount Of capital invested equal
to 200, or about $50 600 900 to $50 900 900!
To produce such a yield, the travel and freight
must be immense. If railroad stock is good in
England, IT ought TO be sill better in the United
States; for, while in Great Britain the popula-
ton is comparatively stationary, here il is all the
while rapidly on the increase, and must continue TO
advance for centuries TO come. ~.
Here, too, the average cest of our best roads does
not exceed $4,000 per mile; while in England,
iHoiuui"B tne r'SHt VI way, raranent cnarter Dls,
double tracks, &c, they cost about 100000 per
mile!
fthe Erie canal did great things for the city of New
York, the Erie railroad will do still greater. After
having traversed the whole tier Of southern coun-
ties, will reach Lake Erie west of Buffalo; thence,
curvng round the southern shore of the lake, join
the Cincinnati road at Sandusky; beyond which, il
will probably penetrate the valley Of the Missis-
sippi by several other diverging poinis--one branch
Of which may possibly be continued to St. Louis
thus opening up permanent great highway to the
West, around the Alleghanies, near Lake Erie
without the necessity Of having freight and passen
gers coming East crossing the rough and high backs
of them. tt
The enterprise of the Anglo-Saxon race knows
no bounds. God speed it forward in every noble
and good work.
passenger ship from Liverpool, the Elise, with
l7S emigrants, was struck with lightning last Fri
day night, the 5th instant frightened
knocked down, &C.; but nobody killed. This hap
pened off Cape Henry. a
The Northumberland cleared for London to-day.
Foreign exchange $3s on London; S 22l as IS
on Paris. ai baa k
The sales to-day at the old and new stock boards
were to fair extent, with slight advance in most
descriptions over previous quotations.
The war panic may be said to have passed away
and is no longer felt at either board.
Not much doing in produce-l 900 bales Of cotton
sold yesterday. Genesee and Georgetown -four
sells at ~ 75 Western Michigan, 81 6s,. Wheat
sales 81 o.
Wind east, cloudy and showery.
Yours, very respectfully,
MORGAN.