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gaining ground. The seed of true principles have been sown, and theroots have struck deep into the soil of this country. Under the control ofthese principles, and the direction of cool and honest advocates, therailroad cause will take fresh growth, and flourish with a vigor andheathfulness which it has not yetexhibited. Some visionary and extra-vagant projects, which are now bearing heavy upon it, will sink underthe pressure of their own weight, and serve, even in their ruins, assalutary guides for the future.

During the transition, truth will be for a time obscured, and pos-sibly borne down; but it cannot be overcome. It is sustained by apower which is invincible. Truth makes no compromise of principle—yields nothing for the sake of present popularity—contributesnothing to the cause of public deception—and moves fearlessly, surely,and, in the end, all powerfully, to its mark.

[Note.— In the January number of the Journal, I offered an esti-mate of the probable expenses on the Reading Railroad for the year1843, in anticipation of the publication of any facts on that subject—assuming the travel at 40,000 passengers, and the trade at 250,000tons. This estimate was @265,000. I regret to find, on perusing thelast report, that the company have not thought it expedient to pub-lish their expenses for the whole year; but have preferred to excludethe last month, along with the heavy bills which the close of the yearusually brings with it. The expenses published, for eleven months,amount to @221,060 89. I should have been exceedingly gratifiedto know the amount of expenses for the whole year.

The indebtedness of the company since the date of the previousreport of January 1 , 1843, has been increased, @ 1,252,659

The receipts for the first eleven months ofthe year, amount to 3S5,195

Aggregate expenditure for eleven months, @ 1,637,854

A statement of the items which have consumed this enormous sumwould certainly be read with interest and instruction; and it is greatlyto be regretted, that at this particular period, when the public areexceedingly anxious for truth and information, the directors havedeemed it imprudent to publish it.]

Note.— The writer has expressed his opinions <jn an importantsubject without reserve, or concealment; should his facts be publiclydisputed, or conflicting facts be presented, by any of- his professionalbrethren, he trusts that they will have the consideration to do it overtheir own signatures—that he may have the guarantee of a name forthe facts which they contribute. He will be found as frank in cor-recting his errors, if he has committed any, as he is sincere in theexpression of his opinions.

To be Continued.