Phenix Gazette

The Frederick Herald of Saturday, furnishes the following interesting information:

"Rail Road and Canal—Pursuant to a previous agreement, the presidents of the two great companies, respectively accompanied by a committee of the directors, assembled in this city on Wednesday last, for the purpose of carrying into effect the arrangement entered into some time since for the passage of the rail-road around the Point of Rocks, &c.; and it gives us great pleasure to state that the best possible feelings prevailed on the occasion, both parties manifesting a desire heartily to co-operate to promote mutual interests. The arrangements which have been entered into have not been fully communicated to us; but we have been assured that all obstacles which heretofore prevented the prosecution of the works have been removed beyond the possibility of collision. Sincerely do we congratulate the public upon this desirable result, and hope that the liberal spirit which has been manifested, may add to the energies of both companies, and that all private feelings may be merged in a desire to promote the public good."