Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1846-04-13

Equal 10 6. per cent on cost, $3.50 $50
The present melt receipts tor dividends these two
roads, now they are amagamaicd, may be set down
above per cent us 81 600 OO0 OF the capital the
Western Railroad is borrowed under the guarantee OF
the State at per cent; and 81 goo 600 OF the city
Albany, al q per cent.
The view Of the complete Of GS2 miles of rail
ways in Massachusetts,, and 1O7 miles Of railways in
the State OF New York, should convince the most tlmd
capitalists that this class of investments, particularly
with the dividends payable quarterly, they should be.
are safer and more profitable than banks, and may be
considered elualo real estate, 'rhen udtcOusly bca
ted and constructed bet,ceen desirable points" Thus
must emnenty be The case between New York city,
Albany, and Troy, to Lake Erie. through The southern
tier OF counties. and Is tar more important subsan
iial freight railway, to connect New York with the
Connecticut Valley, and 900 miles of railway in
use, and like number Of miles in the OF nsruc-
lion that will unite New York, by con'inuSus lines, 10
Portland IN Maine. on the northeast, and with Montreal
The north 1t is difficult estimate the value Of the
abundant walerpower in The Connecticut Valley, with
the travel and traffic, the construction ola railway, by
Danbury 10 Hartford, will bring 10 New York city, or
railway extended along The Sound to New Haven.
That the citizens OF New York should lose time 10
aid in the construction Of substantial railways the
Valley of the Ohio, through the state, and along the
south shore Of Lake Erie, is self. evident now that
there is prospect Of reciprocal free trade with Great
Britain, particularly in bread>suiis and provisl0s gen
orally. 1t is impossible 10 get out the western wheat
ana corn crops pass mem III tlHp, by our cdnals
the fall and winter market OF Great Britain. As a
sequence, they 90 the climate Of New Or
leans for shipment down the uncertain dangerous and
late navigation Of The Ohio and its tributaries, by exten>
sive steamboat navigation, without the pocy in
change, at New Ofeans, there would be with New
York, II we had railways 10 bring the wheat OF Ohio,
Indiana and Illinois, the months Of August, Spptem-
ber and October be ground al mills. Tor the En-
glsh markets. With railways to the west, and our
admirable packets to carry to great advantage the mix.
ed caraoes of corn and cotton could send 10 sup
pllebelore wheat could be- procured from the Baltic or
the Black Sea- should they attempt TO compete with
US.
It must be perceived that railways are now indspen
sbe to get bread sus. pork beef, butter cheese, SC,
from the west with certainty, and at all seasons, to
New York II they are neglected, the free trade sys
lem of Great Britain will throw into the lap Of New
Orleans a trade New ork can command by railways,
and only bv this system of inter communication. All
lines of railways even south of New York, across the
Allegheny ridge, 10 Ohio and the West, WILL to Ger
tain extent be beneficial to the city OF New York. She
must yruet cher creat natural ddDdtfages, and open
her eyes 10 the fact that steamboats, on the Mississippi
and Ohio rivers will have to contend with the LOcomo-
for and its train Of cars, bringing the grains and provis
ous of the west to healthy city, destined Tor England.
two or three weeks advance OF the lime required 10
make the voyage from New Orleans TO Europe, at an
unhealthy season Of the year, when The "heat crop oi
w., u,'', ,'as, - re,dv for market. j. F.. b.
(1ne other etter Of Mi. Bloomfield shall apPe" IN
our neat