Yesterday week, a meeting of the inhabitants of Scarborough and
its vicinity was held in the Town-hall, for the purpose of promoting a new railway speculation. Sir J. V. B. Johnstone, Bart., M. P., E. S. Cayley, Esq., M. P., and Sir Thomas Legard, Bart., were present, along with the hulk of the respectable inhabitants. It is pro- posed that the railway shell be carried from Scarborough to York, and front thence to Sherburn, to join the Leeds and Selby railway ; the ex- pense of which would be about 500,000/., estimating it to cost 5,000/. per mile ; which is the lowest figure, some supposing that it ought to be taken at from 6,000/. to 7,000/. This projected line would, within the space of four miles on each side, include seventy-two villages, with a population of twenty-five thousand individuals, leaving York, Alai- ton, and Scarborough, out of the question. Several resolutioos were unanimously adopted in favour of the plan ; and a Committee was ap- pointed for the purpose of communicating with the landed proprietors and others on the line likely to promote the undertaking, and for col- lecting information on every point connected therewith ; and as soon as they are prep:wed, they are requested to convene a meeting to be held at Scarborough to receive their report.—Leeds Intelligencer.
The expenses of constructing railways are deceitful to the unini- tiated : 4,000/. per mile has been set down as the average cost of laying a double set of tracks ; but Mr. Stephenson's estimate of that front London to Bit ningham averages 21,786/. per mile. The annual ex- pense of working a locomotive engine on the Manchester railway was calculated originally at 270/. 12s. 10d. ; but according to Mr. Grahame of Glasgow, 2,107/. 14s. are actually expended for the purpose. These are facts full of interest to those who are now embarking their pro- perty in this way.—Leeds Intelligencer.
.The Lord Chancellor, with the view of furthering the interests of the Mechanics Institution in Manchester, has kindly undertaken to furnish a course of lectures on Political Economy to be delivered to the members. It is not yet known when this valuable contribution will be transmitted; but of course no time will be lost, after their receipt, in comtnunicating these lectures to the public. It is arranged that they shall be delivered by honorary members of the institution.—Manehester Chronicle.
The stock of cotton on hand in Liverpool, on the 31st of December, was 180,770 bags; less by 17,190 bags than at the same period last year, but still so much greater than was anticipated, that it has for the present deadened the demand for the article.
There does not appear any probability of an early and general settle- meat of the dispute between the turn-outs and the master-manufactu- rers. All the mills, however, are partially at work, in some cases front the introduction of new hands, and in -others where the men (although these are few in number) have returned to their employ.—Derby Mer- cury.
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