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THE Binmtotitljjjljtfe Berlin.

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THE Binmtotitljjjljtfe Berlin. NEWPORT, SATURDAY, OCT. 20, 1855. HOW THE MINERAL TRADE OF THIS DISTRICT MAY BE LARGELY INCREASED. "Let's take the instant by the forward top." —All's Well that Ends Well. THERE are times in the history of a locality, as well as of a nation or an individual, when oppor- tunities of great advancement are offered only for a short time, and if neglected, may never return. This has been illustrated in various ways. Since the introduction of the railway system, there have been towns so blind as even to resist the approach of a railroad, while others have refused the necessary aid and the conse- quence has been a diversion, from the injurious effects of which upon themselves, they may never recover. # A crisis of this kind has now happened to ourselves. A line of road which would im- mensely promote our interests, is in danger of being abandoned, for want of support. If that support is not forthcoming, in a very brief period, a great source of wealth will be closed to us, perhaps only to be opened again at some future period, at much greater cost, and perhaps not at all, through the wants which we are not spirited enough to supply, having been provided for elsewhere, The Act for constructing a railway between Hereford and Worcester, for which competing companies had long contended in vain, was obtained, at a comparatively small cost, in the year before last, by the present company, who deposited the guarantee fund required by law, to the extent of £ 42,405. One part, however, of their bill, enabling their powerful neighbour, C) C3 the London and North Western Railway Com- pany, to lease and hold capital, was struck out, and a bill for that purpose, subsequently pro- moted, was lost. This has induced the London and North Western shareholders, who were promoting the Worcester and Hereford Line, to withdraw, and has thus left the more imme- diate promoters to their own comparatively limited resources, at a period of great difficulty. Were it merely a question of delay, they would reconcile themselves to lying by until an easier .state of the money-market and a greater buoy- ancy in commerce, should render it prudent to proceed. But, in fact, they are precluded from this alternative. Certain gentlemen have, in- deed, come forward, and offered to subscribe the X150,000 which is deficient by the retire- ment of the London and North Western share- holders but it is on condition that the untaken shares of £12 10s. each, being fl45,000, shall be at once subscribed, for, so that the con- struction of the line may be secured. Unless this be done, and done in a few days, the pro- moters must forfeit the f42,405 which they have deposited; and the whole district must suffer a most serious disadvantage. 1 his is obviously not a time when the general spirit of enterprise among capitalists, who have no particular interest in the important quarters in question, can be depended upon. Those who will profit by this line, must put forth their energies to secure it; and for such an effort there are the strongest reasons. The Worcester and Hereford Line does not stand alone. It is an essential part of a great chain of communication. It is that by which the produce of the Monmouthshire mineral district is to be carried (in connection with the Newport, Abergavenny, and Hereford line) to its market in South Staffordshire, and in the Midland and Northern districts, and to the port of London. Let us illustrate the way in which so im- portant a trade would be facilitated. Taking Pontypool, as an example, we see that, by Shrewsbury and Stafford, it is 243 miles to London; but by the new line, by Worcester and Oxford, it would be but 183 miles. To Birmingham, the distance would be reduced from 141 to 89 miles, a saving of 52 miles. Or, by Gloucester, there would be a reduction from 107 miles to 89, besides having no break of guage, instead of two. In like manner, the route to Dudley would be shortened by 47 miles, and to Wolverhampton by 30 miles. To other places, of course, there would be a proportion- ate diminution; and the same calculation may be applied to Blaenavon and Abersychan, to Beaufort and to Ebbw Vale, to Blaina and Nantyglo, to Sirhowy and Rhymney, to Merthyr and Dowlais, as well as to Pontypool. The promoters, therefore, justly appeal to the interests of freighters, when they remark, that the saving on freight alone would be good interest on capital invested in making this line. But then a greatly increased demand for mine- rals would certainly ensue. One great item of traffic would be coke. The South Staffordshire people obtain it from the Northern districts, at 20s. per ton, and the supply is being restricted by the demands of the new ironworks in the county of Durham. Coke could be supplied from our district in large quantities, and at a lower price. We could supply extensive districts with much cheaper coal than they get jat present and besides all other modes of consumption, it would enable the lime of Worcestershire and Herefordshire to be burned more advantageously. We can send anthracite where it will be pro- fitable for its superiority in malt and hop drying.. We can, on the other hand, receive more cider, flour, and other articles. There is, therefore, the strongest inducement for our own mineral owners, for the ironmasters of Stafford- shire, for the agriculturists of Worcestershire and Staffordshire, as well as for the landowners along the line, the value of whose property will be largely increased, to subscribe all the capital that is needed; and we urge them to do so without delay.

THE MERLIN'S NOTES OF THE…

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