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

 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.

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