The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-06-05


The great mineral wealth of the State of Pennsyl-
vania has as yet scarcely begun to be developed
In our mountains there stores of COAL iron, and
limestone SUFFICIENT to supply the world for ages yet
to come; and extensive as are our mining interests
at the present tme the work that has thus far been
performed can be considered as scarcely more than
mere commencement, in comparison with what
can and will be DONE The proposed development
OF our internal resources only he accomplished
by complete railway system which will give us
roads trayersng the State in every direction pene-
tratng to the mining regions, and afording easy,
cheap, and rapid means Of reaching market.
This is a subject that every citizen OF Pennsylva-
mia and Philadelphia has direct interest in as upon
the internal revenues Of the State is dependent in
very great measure our prosperity in the future and
If we expect to rival other sections of the country
and hold the place that properly belongs to us, no
less by position than by the other natural advan-
tages that have been given us for maintaining it,
energies must be devoted to extending the means
for developing our wealth and getting what we have
to sell into the market
The Wilmington and Reading Railroad, now in
course of construction and nearly completed, will
open a highway through an important section
of country, and it cannot fail to exert power
full influence in stimulating industry and in
developing not only the mining and agricul-
tural but the manufacturing interests Of tfss
southeastern portion of the State. The Wilmington
and Reading Railroad commences at the city of
vania Railroad at Coatesvie and the Reading Rail-
road at BrdsborO, and running to the city of Read
ing. 1t Is seventy-one miles in length and passes
through OF the most fertile and thckly populated
districts of Eastern Pennsylvania and Delaware.
Its geographical position must undoubtedly make
it great avenue for the transportation of anthracite
and bituminous coal to a shipping point in tide
water. The rich and populous agricultural and
manufacturing region through which il passes can
not fail to make its transient traffic highly remune-
rative. The road goes within two miles of twenty
five towns and villages, and by the doors of fifty
eight establishments among which are anthracite
furnaces, rolling mills foundries, grist mills, and
others. These villages towns, and factories in the
year 1868 consumed 247 46S tons of anthracite coal
$500 tons of btuminous coal and worked up 40 200
tons OF crude irSn. OF course the advantages OF a
direct road between the mines and shipping point
are apparent under these circumstances.
1t is estimated that, from the trade in iron and
coal alone, the company will derive gross income
OF S265,318 per annum, and net revenue of
Sis, 1920 sum of itself sufficient to pay the in
terest upon the loan and establish sinking fund.
These are but items in the list of advantages that
will accrue from the construction OF this road and
with the arrangements that are being made for an
interchange Of traffic with the Pennsylvania Pha-
delphia and Reading, and Baltimore Central Rail-
roads, the facilities OF the Wilmington and Reading
Railroad will be largely increased.
The grading OF the Wilmington and Reading Rail-
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pleted and equipped and in running order by
January, 1870.
A limited number OF the first mortgage per cent
bonds OF the Wilmington and Reading Railroad Com.
pany are now in the market. They are offered at a
very low price-S5 with interest-and the undoubted
character OF the security will certainly cause them
to be closed out in very short tme so that persons
who wish to make reliable and profitable invest
ment should avail themselves Of the present oppor
tunity
In addition TO the main road the survey OF branch
to run from near the forks of the Brandywine tC
West Chester has been made and the fact has beer
developed that such branch can be made at
peted it will bring West Chester in direct connec
tion with the northern and portions OF tht
county OF Chester, well as with the great travel
ling lines leading to the South and West. In fact
the Wilmington and Reading Railroad, with its com
municatons, cannot fail to produce powerful enec
in developing the section through which it passes
as well as in stimulating the various industries O.
the whole State.
LIPPINCoTT's MAGAZINE for July will have the fol
lowing table OF contents:-
'"The Vicar Of BullhamptOn." A Novel. By
Anthony Trollope. PartI With full-page Illus
, traton. ''Thorwald's Lament" BY the late Edward
Everett "The Annexation OF Nova Scotia" BY
, Nova Scotian ''My Summer Pets" 'Inslde
Chinese Gambling He'll" "The Watcher" APOem
By Edgar Fawcett Beyond the Breakers"
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