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Gigantic railway Undertaking.

--The Emperor of France, it is said, has at last given his sanction to the project for making a railway from Calais to Dover. This stupendous project contemplates a tunnel under the English Channel--a distance of nineteen miles. The engineer states that no intrusions of water need be apprehended, as the ground is mostly hard rock. A company of speculators have taken up the matter in Paris, and are estimating the extreme cost of the tunnel. It is said the works are to be executed at a fixed price by contractors, with every guarantee of responsibility.

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France (France) (1)
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