The new channel came, and all the persons of authority, alike political and commercial, seemed quite surprised that it had arrived; but when a thing or a man is wanted, they generally appear. One or two lines of railway, which had been long sleepily in formation, about this time were finished, and one or two lines of railway, which had been finished for some time and were unnoticed, announced dividends, and not contemptible ones. Suddenly there was a general feeling in the country, that its capital should be invested in railways; that the whole surface of the land should be transformed, and covered, as by a network, with these mighty means of communication. When the passions of the English, naturally an enthusiastic people, are excited on a subject of finance, their will, their determination, and resource, are irresistible. This was signally proved in the present instance, for they never ceased subscribing their capital until the sum entrusted to this new form of investment reached an amount almost equal to the national debt; and this too in a very few years. The immediate effect on the condition of the country was absolutely prodigious. The value of land rose, all the blast furnaces were relit, a stimulant was given to every branch of the home trade, the amount suddenly paid in wages exceeded that ever known in this country, and wages too at a high rate. Large portions of the labouring classes not only enjoyed comfort, but commanded luxury. All this of course soon acted on the revenue, and both customs and especially excise soon furnished an ample surplus. It cannot be pretended that all this energy and enterprise were free in their operation from those evils which, it seems, must inevitably attend any extensive public speculation, however well founded. Many of the scenes and circumstances recalled the days of the South Sea Scheme. The gambling in shares of companies which were formed only in name was without limit. The principal towns of the north established for that purpose stock exchanges of their own, and Leeds especially, one-fifth of whose population had been authoritatively described in the first session of the new parliament as dependent on the poor-rates, now boasted a stock exchange which in the extent of its transactions rivalled that of the metropolis. And the gambling was universal, from the noble to the mechanic. It was confined to no class and to no sex. The scene which took place at the Board of Trade on the last day on which plans could be lodged, and when midnight had arrived while crowds from the country were still filling the hall, and pressing at the doors, deserved and required for its adequate representation the genius of a Hogarth. This was the day on which it was announced that the total number of railway projects, on which deposits had been paid, had reached nearly to eight hundred.