The New York herald., 1864-04-04
INTERESTING FINANCIAL NEWS.
New Anglo-Amcrfcan Railroad Dchemc
QUE LONDON CORRESPONDENCE.

New Anglo-Amerfcan Railroad Dchemee
QUE LONDON CORRESPONDENCE.
LONDON, March 10, 1854.
Neo Speculaio~s Of Ang1s-Americam Intsrsst-Banks,
Steamship Li~a and Rsil,oys--Opyositio b he Erie
Railroad Lime-A Road Through NUfA1x Pennss
vania-Bensu to The Trade u Nae Pork and Jersey
oty--Neo York IT, Gre& Bysudssu6s Dspss Of 40
World, de-, dc. .sf
Here In England some of the commercial saA nsancsa
operations Of much interest your side OF tho
vater. There timc phen there were many
new joint stock companies forming, particularly Of .
banking and financial character on oourss you havo
all this but here the wonder Ia that your wap,
With all the money II has thrown into circula-
tiop, has not created moro new companies and
poratons In the United States. There dine ~
at all here In London in getting the capital Subscribed
and 6rss class names for dircctora You notice ono
British aud California banking company. Looking at tho
shipment OF Eve million dollars Of Specie that the
last West India steamer brought from Aspinwal one
would conclude that such bank must soon do large
business.
"In this connection" you there = 70 be .
steam monthly mail between England and Australia .
line via Panama.
Looking various fields for the employment OF capital
Of the large banking associations here hes offered -
furnish oil the funds for making line Of railway.
which win bo OF the greatest importance TO the city ant
trade Of New York. learn from Trustworthy source
that tho proposition "a In the hands Of ncsotiaors,
ana will be definitely completed 10 short time. The
railway is to be OF . six feet gauge, 70, connect
with the Atlantic and Great Western At
Meadville, Pa, or rather q Franklin, and
60 through the northern section Of by way
or Ridgway and wilamspor 70 the Delaware river and
thence the New Jersey Central Rairoadaso to be
made feet gaugsto Jersey CITY This will shorten
the route Cincinnati and mo wcssas compared TO the
uniform sx feet gauge In operation over the Erie
roadat least hundred miles, Of course the Eric win
continue 70 have I'll Ok les vast local and way trac
through the STATE oSsw. York; but new road win take
away much Of its through business.
railway 10 now building from The Canadian side or
the Niagara rtvsr 70 GROSS that stream By bridge near
Bsslo and passing southeast ntsrsect the Erie road a
Salamanca and thcnce stil IN southerly direction to
The newly projected road through Pennsylvania Thss
railway will be OF the greatest Importance 20 Canadas
country that has very little COAL II win be OF the SIX
fcet gauge, and from Burso 70 the PIstsburg resih
win open TO the Canadians all OF tho ysS6
bitumnous coal fields Of Northwestern pennsylvanisa
while TO tho southeast Of salamanca 10 reaches th6
anthracite region Of Mauch Chunk, Peach Orchard,
&C. The road through Northern Pennsylvania win be OF
the greatest importance 70 all that section Of the State
region rich in updaveloped agricultural and rnnerr
resources and timber, and now overrun by bears.
wolves and other wild animals almost entirely I!h-
out railways, and with only sparse population Thsr
this road WILL as soon as completed, with ts
add ters Of millions to the valve Of the Agricultural
lands Of Indiana, Illinois and Wisconsin,
The Fort Wayne Railroad, from Mansfield, Ohio,
through Fort Wayne to chicago. Is 10 pe madc sir
feet gauge, md this will give an unbroken line
Of six feet gauge railway In almost straight line,
from Chicago 70 New York. via Mansfield, Mcad-
Vile, wilamsport, Pa. and the New Jersav'
aEE SUPPLEMENT sEREC