dent that the Michigan line,
centering at Mackinaw, must be met _there_, by railroads penetrating
various sections of the northern peninsula. This is evident, and we
understand is already foreseen, and measures will be adopted to
accomplish that end. In the mean time, let us examine the prospects
and influence of the two long lines of Michigan railway terminating at
Mackinaw. The whole amount of land granted to the Michigan railways is
estimated to be about 3,880,000 acres. From this, however, there will
be some deduction in consequence of lands already selected, and which
may not be supplied by the quantity within the limited distance. The
deficiency will not be great, and we understand that the amount
estimated for the two Mackinaw roads will scarcely be less than _two
millions of acres_. Of the quantity and value of these lands, we give
the estimate made by these roads, as well as the cost of construction.
The estimate made by the _Grand Rapids and Indiana Railroad_ is as
follows:
"The proximity to lake navigation; having several navigable rivers
passing through them, the abundance of hydraulic power, the
healthfulness of the climate, the fertility of the soil; and lying
immediately on the line of this road, are facts which contribute to
enhance the value of these lands.
"The length of this road from the Straits of Mackinaw to Fort Wayne,
will be about three hundred and fifty miles. If the company meet with
as good success as the merits of the enterprise deserve, the entire
cost of the road should not be over $25,000 per mile, which makes an
aggregate sum of $8,759,000."
On the supposition that the minimum amount of land is obtained and
sold, at half the price above stated, there will yet be broad enough
basis to secure the construction of the work.
The Amboy and Lansing Company are equally confident of success. They
have also located a large quantity of land, and expect their value to
be equivalent to the construction of their road. Accordingly, they
have put a portion of their road under contract, and have obtained
large local subscriptions.
Both these lines of railroad will terminate at Mackinaw, on the north,
and Cincinnati on the south; hence they will be carried south till
they terminate at Norfolk, Charleston, Savannah, and Pensacola, thus
forming the grandest and most extensive system of railroads on the
continent. Nothing in America equals it--nothing in Europe can compare
with it! When all the l
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