Page:Inland Transit - Cundy - 1834.djvu/27

This page has been proofread, but needs to be validated.
Inland Transit.
15

The engineer considers the line of country peculiarly favourable for constructing a railroad, both in its levels and the materials that are found on or near the line: he is decidedly of opinion that a railroad can be made at less expense on this than on any other line of country in England of the same distance.

In conclusion, it is submitted that the revenue of the projected railroad, when completed, will far exceed the above estimate. No notice has been taken of the great increase in coach traffic produced by the railway, nor of the intermediate travelling from town to town, and the districts to the north of York, Glasgow, and Edinburgh. Nor should it be forgotten, that long prior to the completion of the outline, the traffic on the first fifty miles could not fail to secure a revenue of 150,000l. per annum, within eighteen months of its commencement.

A detailed Estimate of the Expense of the proposed Railroad, viz.
    £   £
2000 acres of land, at per acre 100l. 200,000 460,000
Houses, buildings, and compensation 260,000
Bridges, culverts, drains, and masonry 450,000
Extra cutting, &c. 160,000
Blocks and sleepers, &c. 160,000
Ironwork for rails, bolts, pins, &c. 350,000
Ballasting and laying, ditto 160,000
Excavating, ditching, and fencing, &c. 400,000
12 water stations 5,000 61,800
12 intermediate pumps 800
50 engines complete 4,000
400 waggons, vans, and trucks 12,000
80 coaches complete 20,000
Sheds, benches, and buildings 20,000
Branch from Cambridge to Norwich 800,000
Contingencies on the above works 350,000
Total expense 3,437,000

Proposed capital 4,000,000l., in 80,000 shares of 50l. each.