MEIGS ELEVATED RAILROAD.

Work on the proposed Meigs Elevated Railroad Will be begun in a short time and vigorously pushed forward. An association has been formed and most of the required capital has been subscribed. The road, which is to be located between Bowdoin square in Boston and some point in Cambridge, is to be divided into two sections. The first section is to be 1 1-2 miles in length, commencing at a spot one-half mile from Harvard square, Cambridge, to be constructed upon a route yet to be decided upon by the board of aldermen of Cambridge, to the dividing line between Cambridge and Boston. It has been decided to capitalize this first section of 1 1-2 miles at $200,000, the bill granted by the Legislature stipulating that the road shall be capitalized at an amount not less than $100,000 per mile. Upon the completion of the first 1 1-2 miles, the second section will be commenced and finished as rapidly as may be.