"The railways of Great Britain and Ireland, completed at the beginning of 1856, extended 8,054 miles, and more than enough of single rails were laid to make a belt round the globe. The cost of constructing these railways had been £286,000,000. The working stock comprised 5,000 locomotive engines and 150,000 carriages and trucks; and the coal consumed annually by the engines amounted to 2,000,000 tons, so that in every minute 4 tons of coal flashed into steam 20 tons of water. In 1854 there were 111 millions of passengers conveyed on railways, each passenger travelling an average of 12 miles. The receipts during 1854 amounted to £20,215,000; and there was no instance on record in which the receipts of a railway had not been of continuous growth, even where portions of the traffic had been abstracted by new lines. The wear and tear of the railways was, at the same time, enormous. For instance, 20,000 tons of iron rails required to be annually replaced, and 26 millions of wooden sleepers perished in the same time. To supply this number of sleepers, 300,000 trees were felled, the growth of which would require little less than 5,000 acres of forest land. The cost of running was about fifteen pence per mile, and an average train will carry 200 passengers. Without railways, the penny post could not have been established, because the old mail coaches would have been unable to carry the mass of letters and newspapers that are now transmitted. Every Friday night, when the weekly papers are published, eight or ten carts are required for Post Office bags on the North-Western Railway alone, and would hence require 14 or 15 mail coaches." Adverting to other advantages derived from railway locomotion, Mr. Stephenson noticed the comparative safety of that mode of travelling. Railway accidents occurred to passengers in the first half of 1854 in the proportion of only one accident to every 7,194,343 travellers. As regards the saving of time, he estimated that on every journey, averaging 12 miles in length, an hour was saved to 111 millions of passengers per annum, which was equal to 38,000 years, reckoning eight working hours per day; and allowing each man an average of 3s. a day for his work, the saving of time might be valued at £2,000,000 a year. There were 90,000 persons employed directly, and 40,000 collaterally, on railways; and 130,000 men, with their families, represent 500,000 so that 1 in 50 of the entire population of the kingdom might be said to be dependent for their subsistence on railways.