It has been said by some whose opinions are adverse to the advantage of railways, but more especially to the particular species of locomotive engines now under consideration, that the repairs of one of these engines cost so great a sum as 1500_l._ per annum, and that the directors now think of abandoning them, or adopting either stationary engines or horse-power. As to the first of these statements I must observe, that the expense of repairs of such machines should never be computed in reference to _time_, but rather to the work done, or the distance travelled over. I have ascertained that engines frequently travel a distance of from 25,000 to 30,000 miles before they require new tubing. During that work, however, single tubes are, of course, occasionally renewed, and other repairs are made, the expense of which may safely be stated as under the original cost of the engine. The second statement, that the company contemplate substituting stationary engines, or horses, for locomotives, is altogether at variance with the truth. Whatever improvements may be contemplated in locomotives, the directors assuredly have not the slightest intention of going back in the progress of improvement, in the manner just mentioned. The expense of locomotive power having so far exceeded what was anticipated at the commencement of the undertaking, it was thought advisable, about the beginning of the year 1834, to institute an inquiry into the causes which produced the discrepancy between the estimated and actual expenses, with a view to the discovery of some practical means by which they could be reduced. The directors of the company, for this purpose, appointed a sub-committee of their own body, assisted by Mr. _Booth_, their treasurer, to inquire and report respecting the causes of the amount of this item of their expenditure, and to ascertain whether any and what measures could be devised for the attainment of greater economy. A very able and satisfactory report was made by this committee, or, to speak more correctly by Mr. _Booth_.