From the N. Y. Evening Star.
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BriHiasat Prospects of the Soatih.--There is very interesting letter in the Savannah Georgian, from W. Nicholas, Esq. on the great contemplated rail road from Memphis, on the Mississippi, to Savannah or Charles ton. It will pass through Tennessee, Ala- bama, Georgia, and South Carolina. Ten nessee is deeply interested, and also Ken lucky, from the spurs of the Blue Ridge causing the Tennessee river to make cir cuitous course north, of several hundred miles, and then obliging 1t to empty into the Ohio near its junction with the Mississippi. By this rail road very great portion of the immense resources from the Missouri, the Mississippi, and even the Arkansas rivers Jopposite to which last territory Memphis is situated) will be cut off from Pennsylva- nia, Maryland, Virginia, and New York, and the whole of this trade nearly from New Orleans; so that this present fonnida- ble rival of New-York city may, from her dangerous navigation through the gulf and straights of Florida, become herself tributa- ry to Savannah and Charleston for the ma- nufactured goods she may require Tn cx- tIdll9t ioi .iloi SusutSs to "hiNi' oi'iSiSs probably, she will be ultimately almost en- tirely confined. There are, however, cer- tain insurmountable obstr,lctions Of sand bars in all inc ports of the Carolinas and Georgia, which will give importance to the superb navigation of tie Chesapeake, and therefore to the deep waters of the seaports of Norfolk and other places on the mouths of tbe rivers which open into this estuary.

 Whether Virginia, to meet these, will ex- tend her rail roads from Portsmouth and Petersburgh west, ifa cooperation with North Carolina, to intersect or join that of Memphis, Is to be seen. New York, again, besides her canal and iskks navigation il the interior, may largely participate, coastwlse also, Tn these advantages, as the great de- pot of foreign commerce, by establishing an extensive line of substantial sea-bullt steam-paekets, for freight and passengers to Charleston and Sayannah--the first link i'll which great chain Is already begun by our enterpfising citizen, Mr. Allaire.