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The railroad projected by the Baltimore and Ohio railroad company in the Valley of Virginia. The Lynchburg Virginian gives statistics to prove that the distance from the point of intersection on the Virginia and Tennessee railroad to the city of Baltimore is greater by the proposed route than by the roads already in operation via Lynchburg, Gordonsville, Alexandria, &c., and argues hence that the projected scheme will never be carried out. The Staunton Spectator is evidently pleased with Mr. Garrett's proposition. It calls on the people to reflect upon the folly which, years ago, prevented the Baltimore Company from constructing this road, and advises our legislators to countenance the opening of railroads and canals in every part of the State.--the constructors, of course, to pay the expenses.