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s4notlter Grand Ra1 Rood Projeci.-- We learn from the New Orleans Bee, that It IS in contemplation in that city to connect New Orleans with the Gulf of California on the Pacific by a rail road to run through Texas, via Nacogdoches and the gorge of the Rocky Mountains. Ii is computed, that by extending the contemplated rail toad from New Orleans to Natchez and thence to Richmond, there would be continuous rail road of 1600 miles from New Orleans 10 New York, which would be travelled in four days Should the rail road to Cali fornia be effected, steam ships would com fnunicate from the latter to China, Persia, or the East Indies, and thus not only cut up the East India Shipping of the Northern States, but render the projected route across the lsthmus of Panama, unnecessary. = Such short and direct route 10 the Pacific, would also neutralize the efforts of the British Government to open route through the Mediterranean, the Euphrates river, the Red Sea and the Persian Gulf. -.Noah.