{"newspaper_name": "Mobile register and journal.", "edition": "01", "page": "p2", "byline": ""}
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HE 1ILITY OF NAiL ROADS - The L9ndon Econpmisf, lp f~GrH RhIilier, ies ia.o hng and labored delenl ol ihe taiir ad sicculdlnns Eng hnd: but whilst II iis m onr upIaiDn tnjnsiils ihe mama that prevails m hai country, 1t D. es ents considerations in favor of rnil roa schemes g II Iai- lv, iha are worthy of nolics. " G make an aust act therefore, u lis aigule at "n th part Of he subject

 In tue first place, it argues, the rapidi and Ger taIutl of conveyance brought abo"l by mil roads f, reduces very greatly inc an unt of stock in gouds and produce which II is necessary Ht all time {, keep hand when communication is slow and un- certain, in order tu do gwen amount If blsiues. 1; and ii the next place. the annnnl of goods in trans IS enarDDusis is greater wlit slow than quick cen ve,nnce. The ainnunt of capiai absorbed in mer- = chlu lise of kiads. which was uerel, m transit, , years ago, when UlerDal trade all ctrried on by slow aud uncertain sailing packets, and nternnl trade by canals and stage wagons compared wnh what the same lS, when conveyed by steam boats, and railways, mus; be very great For ex- ample, suppose Manchester aud Leeds supplied win colonial produce from London. When II took seven days to convery those goods by canal, there must always have been, on an average, seven day s consumption oh the road.

 lfnow the same thing is accomplished by railway is day, is quite clear that the capital rerresent ing six days consumption, which was formerly SD locked up, is set al liberty for other uses. But the same remarks are equally, even moro applicable. to the economy of ,ime which they effect to ma : kind man can accomplish now in a day what he could do thirty years ago in three four days.- The nbor therefore, Of the whole population is thus rendered infinitely more productive; and IS so far exactly in effect what il would be if we increased enormously the productive population of the country without increasing it's number of consumers:

 When man has railway new machine winch enables him to perform double the work he did before the effect upon the country is the same AS if each man had stranger who Came and gave him his labor without any remuneration, or without Inf flaf ilApuy l s,eamb,ats are, therefore, great new machines by which both the capital and labor of Ihe country has been economised, and each rendered wonderfully m productive; and It is this great advantage ex- perIenced by the community individually, winch leads to the ex,ense traffic and the high raies o profit which they have made, and which, in fact, is the best indication of their publir utility. 1e best nay, the only true criterion of the utility ofany gwen outlay of capita, ia the extent to which the public find u their interest 10 il, and consequently the profit which it creates. Thus, all under talk n. . which afford the largest profits to individuals (which are not nonol oes) also he most advanlap eous 70 the community The profit is the result and evil dencs ofths ussiulasM.-[Essnins Post.