The northern galaxy. [volume] (Middlebury, Vt.) 1844-1848, 1845-10-28

in gross-which will increase to nine or ten
per cent, in less than ten years-this diyi-
dend Is however OF less value, far less, III this
country, than the increase in the value OF
real estate and properly generally, from the
Development of the natural resources ofthe
country.
We have been led to these remarks BY
reading the following article in the Railway
Express-an excellent, and we believe the
sixth candidate for this favor ofthe railway
world, published in London. Its statements
will appear to many,as the result of mania,
or Of wild speculation but not more so than
did the projects of 1884 AMI 1885 to many
persons who are now among the most devo-
ted friends Of Railroads.&c. we'll in this cHun-
try as in Europe K. r. Journal.
From very elaborate table, contained in
Burns Commercial Glance just published,
we deduce the following statistics of the CAPT
tai embarked in railways and railway pro-
jects. In II railways, completed or in pro-
gress. the amount Of capital is fS5, $40 1928,
of which f53,090,S93 is paid up, and f:}22,
219, $50 remaining to be called up. OF 100
railways before parliament this session, ex-
elusive of small branches, deviations. connec-
ting links, etc., the nominal capital for which
the registered shareholders are liable is &C.,
PAS, $50, Of which, averaging deposit at
60 l-s per share, ee7, 290,733 appears to be
paid up, and, being lodged with the treasur-
er of the private bill office, is thus Withdrawn
from commercial circulation. We have also
1876 railways projected, but not yet before
parliament, Of which the average deposits
amount to 81 70 per share The total cap
ital represented by these is fl6O, 300 ,0O0. and
the amount paid up and withdrawn from
commricial circulation is 99,9l3,3l2 There
are also number of small branches and devil
atoms, in progress and in prospect, involving
capital of Ell 100000. on which the de-
posts amount to gc3,350, 600. The total
number of shares is IL ,0I7 ,S2l, or nearly a
share for every two of the population. The
total capital represented by railways, paid up
and to be paid up, is f:}63, 100000, oraboul
Gig per head to the whole population and
the total paid up capital is df72,6l4. 93S
leaving f296,250, 345 to be calledup. o
course this calculation refers only to the
amount required if the whole of the scheme;
projected should be carried out. Many o
ther:, however, are competing lines; som,
are rejected already; whilst others have beel
| rendered unnecessary by the formation o
/ ulduIuSs, SiC.f lIOAl CAlSiluS iluGS.
however. only one half the amount Remaining
to be called up for the new lines, as being Il.
much as the legislature is likely to sanction
we have no less than el32, COCOON which tn,
country will probably be called upon to fur
nish for new railways in the course ofthe mex
four or five years, in addition to 2,279, 900
remaining unpaid upon the lines completed
or in progress.
We may remark, however, that ofth'
lines completed or in progress, representing
a capital Of e5,37O.72F, many are at a con
siderable premium, as are some of those a
present before parliament and projected
| We may fairly add one third 10 the capita
represented by the first for premium, and VT
have then the following as the total capita
already invested in railways and liable TO b,
acted upon by speculation on cur various
stock exchanges -
Paid up on lines completed or C
in progress, $1,000. 50:
Add one third for premium H,UG,964
Paid up on railways before parlia-
ment, 7.29O, 81:
| Deposits on new schemes, 9.9i32l.
| Do. for branches, etc. $3.50 0Ot
Total, f91,3iI AZ
already invested in this description Of prop
erty, exclusive Of our engagements in foreigr
railways. Ofthis amount no less than scl0,-
554,Oi2, the amount OF deposits on new
lines, may be said TO have been furnished
within the last twelve months, in addition ia
the amount, large one, which has been ali
sOrbed in calls upon lines in progress. This
~ T..fc alre 81 ai,