The Express. — London, England, 1851-08-20 00:00:00

..CIIRISTIAN SOCIALISM." (Tree& the Daily Nrwr.) Tut: remarks lately made in this journal on English Socialism have ',minced several rejoinders front the various sects into which, it seems, that He resy is split. (Inc of them assures us that we are altogether mistaken in supposing that Christianity is in any way mixed up, on this side of the Channel, in the question of Socialism. Another protests quite as forcibly that the misty Christianity which misleads him is the brightest and most glorious emanation from that pillar of tire by which Socialism is illumi nating the darkness ofthc working classes into u land flowing with co-operative milk and associative honey. To the anti.christtan Socialist, the faith that is in him is only, he says, another chapter added to Political Economy, to destroy, however, all the rest; whereas to the Christian Socialist, it is a new manifestation of the old spirit of the Gospel dest Med to evolve an indus trial millenium from the ruins of economical science. Between the two there is here a difference which ought, most people will perhaps agree with us in thinking, to he reconciled before the gentlemen who hold such conflicting opinions on so essential a point, unite to save society sinking, as they tell us, to de struction. And then, on looking into a very different species of Socialist public ation- -one for wliich, however, these gentlemen are in no degree responsible for, still less connected with—viz., that which combines the pru riency of romances and novels,written fur the delight and gratification of French grisettes and lomttes, with all the savagery and revolutionism which de pict capital and luxury as the real California to be settled, and colonised, and dug up by the working classes; here again we find a coarser and more ma terial phase of the heresy—a sort of substitute, as it were, for the Chartism which first subsided into, and then evaporated out of, Mr. FE.thliUS O . Coxxom's land and banking schemes; and which now looks forward to the election of a new Presi dent of the French RepuNie next year as the true Hegira, whence !femora is to go on conquer ing and to conquer; until, we suppose, it shall bring us hack to the primitive habits of the ancient Britons, befiwe Nottms became a victim of Pouto's faithlessness, or Hostiles:A sang of Home's ruin, and we shall, under its beneficent sway, retire to pass our nights in the hollows of trees. There may indeed be other forms of Socialism here in England. But if so, we confess to an unwilling ignorance of the further sections into which the friends and supporters deo-operation and associations are split up. But as the unity, or solidarity, of man kind is the "be all and the end all" of this school, we are entitled to notice, and even to remark on the divisions which prevail in its Academie Groves— to ask which is the central authority that persons like ourselves, willing to pick up wisdom in what ever garb it is clad, are listen to for instruction ; and what it is that these various Doctrinaires have agreed on. We can, inde«l, .perfectly comprehend what the gentleman whose interesting lecture we recently considered, and who has more definite and rational views to expound than either the Christian or the economical Sociali4s, means, when he proposes to start from the "self reform" of the working chivies ; and we can cordially co-operate in so great and noble a work. But then, to u', it seems, that the very foundation of "self reform" must ie selTrelionnw, individual exertion. self-respect, and self-advantage. It is a work to lie accomplished in and by each man seixtnitely ; not to be forced or imported into him, as if he were a machine to be wound up, and onlv set in motion with other people; not to be promoted by telling him, as does Mr. KiNcsi.tiv, that Christi anity was meant fur his deification here on earth, instead of his salvation in heaven, that capital is de stroying him, and capitalists are his enemies; or by associating, as the third class of socialists referred to do in their writings, his so-culled progress with dulls of violence and acts of desperation. Great as is the value of the working classes, all important to other classes us is their welfare, and aiming though all legislation should at their ad vancement morally, socially, materially and reli giouslv —nevertheless it is not true that they arc the all in all of this world; that the world was made exclusively for those who, with their hands or by their strength or manual skill, do its external work ; that, not possessing it, they arc wronged and de frauded; and that, to regain their birthright, all steps arc justifiable. But though this is the direct teething only of the third class it is greatly assisted by the instructions of the other two classes, who would prolrably be the first to disci: such sieves. They aim, however, by very different means at very much the w • ends. 'ails, for instance. we have Vt.. KING...LEY, in his "Message of the Chureh to Labouring Men," telling them, in the language of slos•entatisto, that " The Bible pro claims Man's Freedom; Baptism proclaims his Equality ; The I.:upper of the Lord proclaims his tria hetlewd." Thus *heading on the formula of revolution the halo of that "kingdom which is not of this world." Thus also the otht r division—that which would, by means of Socialism. add a new chapter to Political E4satomy to refute all that has gone before —tells the workman that what is wrong is the distribution of wealth, that legislation must by its results redistribute wealth ; and, by h viral ennw•- yauuce. and fair inference, that which our forefathers h•muuaably left us. or what we have honestly ac .piinsl for ourselves, is as great an injury to our fellow creatures as if we haul, like barons of old, asvtd sill their property and appropriated it to our selves. ; Me inculcation of these doctrines cannot, we think, be made the basis of "self reform." For, laying aside all other objections to them fur a moment, they substitute fancied wrongs, and what we feel to be sorthless remedies. for that great principle of self n heater whence all human improvement proceeds ; and because progress must be real and cannot be Glen time,. Hut can nothing then he dune to develop self n fiance -to stimulate it—to give it fair play ? Cer tainly there can : and, first and foremost, we would plate the political franchise. Make, we say,the labour ing classes men—true and Isom fide members of so fit ty —Flnglishmen. in the ful I sense of that great word. The result may not at starting realise the wishes of the enthusiastic (though it will, we arc persuaded, disappoint the fears of the timid); the newly enfran chised people mac at first use their power uncouthly, stupidly. provokingly, even corruptly ; but year be your they will learn its true value ; their heads will gracluallj• become more and more instructed, their hearts more and more enlarged. For a great and unavoidable necessity will be placed on their rulers, on all above them—on the church, on all dissenting bodies, on every one who has the means—to teach, to educate, to instruct and to guide them ; under such influences their welfrceinn will be certain and speedy; their habits of intelligent self-reliance will prevent them from being led into captivity by such delusions as ; and their perception of the proper men to place ut the head of the nation will, after some experience, become quite unerring, because it will be truthful and honest; they will be able instinctively to protect themselves from illusions and illusionists. Thv franchise is, then, the foremost element of that " selfrefunn" which Mr. CONNINGIUM has properly described to be the great want of the labouring classes of England; and instead of their "self-reform" leading tuScsialisrn, it is perhaps the only effectual remedy against their falling victims to Socialism. Time forced rapidly onwards by tyranny and oppression in Italy and Germany, and by the heavy hand of tune tionaryism depriving France of an honest republic, has great, and in all probability, terrible events in stare fur the world. l'he present calm is compul sory ! existing tranquillity is that of one weight treLany another down ; w e have seen revolutions of dynasties ; we ma vet see revolutions of principles vorktd o ut in blo od . and anarchy. The pause, the breathing time that precedes the storm, is, however, our opportunity. Let us seize it, as Sir ROBERT PLEL did the piriod in which to break down mono- Poly. Cheap provisions have infused content into our Ptpulation. Now is the time to place political con fidence in it. Let us then rivet the great principles of political economy in our Constitution, by placing Win under the electoral protection of those they most concern. Then we shall be in a position to kook on the events in store for mankind without fltsquietude fur our own safety; without apprehen sion of Socialism, Communism, or Revolution. bEATH Of THE E tItL or CLARL—This nobleman, nho hi been in declining health for some time put, en pin l r Monday e 1 .,. ning last, ut Brighton. The Right lion. Fitegibbon, brother of the noble earl, succeeds to the title and water. TIIE GREAT EXHIBITION. APPOINTMENT OF THE DAY FOR ITS FINAL CLOSING. ... All speculation as to the longer or shorter conti nuance of the Exhibition is now at as end. A full meeting of the Itoyal Commissioners, at which Prince Albert, Lord John Russell, and Lord Granville were present, was held at the Crystal Palace, when it was decided to close the Exhibition to the public on Saturday the 11th of October. Yesterday 2,773/. Pis. was taken at the doors, and the number of visitors was di,U.J. The following shows the temperature during yesterday, as recorded by Mr. Bennett's thermometers, being the mean result of 100 readings :-10 o'clock, 37 deg. ; 12 o'clock, 63 deg. ; 2 o'clock, 69 deg.; 4 o'clock, 70 deg. ; 6 o'clock, 69 deg. ; mean temperature, 66 deg. CLERICAL ..... --- The Earl of Deihl, has resigned the patronage of the now church of St. James a at Lathan', to the elem. of Ormslark. The Rev. C. Prince Humble, to the curacy of Great Grimsby, Lineolmbire. NAVAL. ADm t R %LTV, AUG. —Chief Engineer T. Bullion.; Assistant Engineers W. June, S. Minster, J. Runner, J. SlM'lymont, H. Jolanrn, and Lewis Owen, to ()dia. Retired Captain (1810) N. J. C. Duna ; Clerk J. 11..‘1•A Toy, to Pim:lard.— l'immirrioxg.—Buatswain J. Riddctt and Carpenter J. Ikatt, tutsaniikt to second etas.. T. Donohue, promoted to Acting Gunner. DrsoNronT.—Commodore Lori John Hay still remains at Stoke, seriously HI. His lordship wu a little easier yesterday. Captain Kitchen, H.N., the new Gover nor or A•cen.ion, is to embark at Devoitiourt in the Virago, to be conveyed to Ascension. l'uuTsmorrn,Gun 19.—Thc court of inquiry. on Mr. Welch, master of her Majesty's yacht, 1. :thy, which has been sitting again on board the Victory to-day, 11411 originated ill hill breach of the police regulations of the dockyard in having Lad a boat brought alongside the Fairy• when the latter was lying alongside the dockyard. There are imperative orders against this being done under any circumstances, and in regard to any vessel. The Fairy brought over Prince Albert at uiu•i o'clock to Clarence Yard, where he landed, but in a perfectly private manner. The Pique, 31i, was einniui , ,ioncil to day. pro tent., by Mr. King, toaster of the Britannia, whn, with •gl extra riggers from the yard and fin men from the Ordinary, is to navi gate her round to l'embroke.—Tlie Thter, steam .loep, has had her maininiet put in to-day. She has been taken up alongsidethe Neptune to be fitted oat as an advanced steamer. (From Loa night's 17,arfte.) Arm 13. With reference to the wan of n ierl reiirement appeared in Ow Laudon Gaulle of 17th lune, 1 , 31, and to the pe.motem of iln. pre Not, .14*.ftql I the 1,0,,•10 Gotel!r of t h e IA i vain, th n-iiernientiuned v 41131411 .er the coy nary Inta hern thi. day prom onl to the tank 01 rapt., mall plated on the meet red MT, lint ul the royal navy, via.: W. E. IL *nuns. MILITARY. DEPOT IST B.VITALION I.T FOOT.—The depot companie. have now arrived at Winthemer from Aberdeen, and hoen con.oliolatod at the former litatiUSl with the Derviee companies from 1141ifax, Wrote I E olgta's (;a:rlt...) WAR-01MICY, Ivo. 19. . . Ist Itria. of UN arauta. —A. W.l 7 .mm, goat., to err. and rub Brut., by par., stemLyeun, pone. 213:111rwt. at Late (I 1..-11. C. LAN[, rat., to bm ruc.r.d.ub.brat,, by our., vim stepOrm, prom. Ith 1.4 vows, gin." to be cent, by our., vice Scott, prom.; A. L'crrAlle, gent.. to he corer!, by 1 , 11 r.. ntee I lenry, prom. th Light Dram.-1. TtvnM. ug ei.4i, tp ut ,to be carnet, by pur., vice Keraingh, Mao retire, sth Light Mum, —C. W. llismon, gent., to be cornet, by par., vice Eimictlib to, prom. 9th Licht 141414,—Garrtion Sierjt -MA. G. Biro , (C.i. Icy lkipot at eolitimej, to be come, emit iut pur., In. Brinkley, doe. 10th Light Drum—W. G. ISmouitiv, Kant., to be cornet, by pur., •itie lowniey,pmen. 14th Light lirma.—C. B. Kent., to be comet, witbout pur., Mee Iletioliy, prom.; W. 11. T. COAL Ke., gent., to be ooruct, by pur., Mee Couto% my. to the 7'h Light Dr4g, 15th Lt. IM4,—U. 7. MACuiTSEV, Kent.. to be der., by pur vice I tomer+, Knot. I:th I.t. Drys.—Cart. J. D. Nitrer to be major, be pnr., we Brevet Lieut.-CA. lintdct, It Int nt ; . I.tent. . t , be cant., by per., vice ',rya tor. L. E. 64i , soir to be lieut. ,by put., s.er Itichade; Cor. ti. Ittle , LMI the tr.h Lt. thugs., to be cor., vice thr W. tljirtion. ILrt., prcTt. IA Kett. of V.—Lat. J. A. elltl , 7lE to be lieut., without pur., ske Putt', dee.; GeriL C -.let W. IL J. CIAIME, from the Itoyal to be MP., Tice Otrystie. Nth V.—W. J. MALL., gent. , Who roe., by put , Tice I roTithon, app. tot•e:etbV. . . . 20:h r,—W. U. S. DK RINP, (Mt., to be enr., by par., eve Adam<, loon. 53rd V.—Eos. W. 11. J. CIA 6111:, from the Ist F., to be rm., vim Flood, 14 , en. 5 thy.:A. P. Sim iRT, rot., tv be ene., by pur., vice Bernard, Irbil . . . . miter. I;th Y.—Cant. M. CA4.44x, foes the 111th V., to be c opt, Tito Arm. etrong, who nth; C. V.NALI.K.% gent., to be cce., by pur., vim Hague, prom. .19.11 F.-6. IL 'weet., gent., to be ton, by pur., rice Worthington, app. to the 3.1n1 F. Guth Y.—A. 11. G. Geto we. pent., to be Tee.-lieut., by pee., etre 1141 , app. to the Stile Brig.tte; F. S. Ta outs, gent., to are— , . . . . lieut., by F,11%, "we Nirba44.m, pro•n. 7 !nol 1 .—.7. T. I'...ernr. La., Ir. of , to be en"., br par., v. W,llie, prom. 77tu E.—R. J. ll.m.utNa.., gent., to be tile., by pur., vice 'iu:lrnmehr, - - pf.l4. blt b . . —J. TLEN T. rent., to be enit.. 1.5. pm., T. Hunter, prom. inn P.—Capt. P. Atin-1141.0. trout We S;th Y., to bc r Apt., vice Croon, who each. 9:ot F.-1. T. Ltnr., mt., to lir s no., by pur., vire Muir', peim. lot West holt t heft.—T. W. Lon Nos, gent, to be CM., by pur., vice Murphy. MM. , We, t IMlia dept.—T. X. Or.u, gent, to be ens. nittutut pur., vice Tboospout Ore. Mt.Murtty DUN —The ehrianan ninte , of Lieut. Thoml., of the 26th Wirt., err t• %Valliant F.:whale or' ny,".uu hot " U iIf(.IRI ea previously tusk I. OFFICF: OF ORD:VA:Vet' Ars. It. • Itegt. of Artillery.--Vort Lieut. IL A. - ;;If II to be ore. amt., *ice Atlert %Am ; dee. Ll:mt. C. Ibirter to be Mit ;mut., vice SPORTING. YORK AUGUST MEETING. ;By Marls Televaph 1 YORK, YEESDAY EVENING, 0 itAst'fi.—TLC iug horses have arrived since our last : Post-tempore, King of 'frumps, c by Prince Carodoc out of Miss Julia Bennett, St. Michael, bl fby Velocipede out of Fleur-de-Lis, 2 yr., br e by Melbourne out of Sally War. foot 2 yrs, Vatican, The Ban, t'onfessor. Bilbury, Vermuth, I by 1 ouchstone nut of Cheshire Witch 2 yrs, Ben of hard wick, Maid of Ma.ham, Lady Hylda, Oxford Blue, Mn. Birch, flitch Sheriff, liungerford, Young hawthorn, Phy. salis filly, Miss Sarah, r by lion John out of Miss Whip, Lady Speedy, Conrad, Lady Franklin, Tragedian, Dalton, Bird-on-the• Wing, Unity, The Setter, lkthgelert, Lizars, Haricot, Lady Jersey, Sir Rowland Trenehard, hawthorn, Senorita. f by Galaor out of Stephan°, Jack Robinson. Neasham, Eulogy, Flora Macdonald, Iris, New miners., Vsaguard, Merry•sto-round, font of Garland, font of Sorella's dam, Ariosto, Hirsute, Olenluer, Shadow, Cane, 'foramina., Sweep. Cruickshanks, Laly, Azcth, Travestie, Melody, Evadue, Italian, Snowstorm, Cleveland, and Dr. Blemish. The Marlborough Buck and several others are hourly expected. The weather continues remarkably fine, the course is in excellent condition, and everything promises a full meeting and an abundance of first-rate sport. ENTRIES FUR TILE I'LATES, Sc. WEDNESDAY.— SELLING STACES.—Lady Jersey, S yrs (60/.); Slang, 4 yrs (300 ; Border Boy, 3 yrs (301.) ; l'al sneers, 3 yrs (4014 ; LIZATs, 3 yrs (401.) Titensu.sr.—Lorreast PLATE.—Miss Fanny, 3 en (•50t) ; Lady Speedy, 4 yrs (30/.); Border Boy, 3 yrs (30/.); 'lle Setter, 3 yrs (501.); b I by Oalaor out of Stephanie, 3 yrs (SOL) IItIDAY.—IIXII MAJZATT'a PLATE of 100 guineas. Two miles.—Cocas, 3 yn; Lady of the Grove, 3 yrs; Maid of Masham, 6 yrs ; Mark Tapley, 4 yrs; Tightwaist, 3 yrs; Hungerford, 3 yrs; Mrs. Birch, 3 yrs; Azeth, 3 yrs; Clothworker, 5 yrs; Oxford Blue, 4 yrs; Border Boy, 3 yrs. MEMISED.S . PLATE.—Lady Bibina, S yrs 001.) ; Ormsby, 5 yrs (501.); Mr.. Birch, 3 yrs; Dr. Blemish, 4 yrs (401.); The Setter, 3 yrs (301.); Emma, 3 yrs (301.) ; Snowdrift, 4 yrs ; Border Boy, 3 yrs (301); Melody, 5 yrs (901.) ; b I by Gabior out of Stephanie, 3 yrs (301.) DONCASTER RACES. ACCEPTANCES FOR ME GREAT YORKSHIRE 'HANDICAP. —Comack, aged, gat 7lb ; Vatican, 5 yrs, B.t 31b ; Ted dington, 3 yrs, ist Illb ; Stronybow, 5 yrs, ist 101 b ; Alonzo, 4 yrs, ist 916 ; Nancy, 3 yrs, dst 31b ; Knight of Gwynne, 4 yn, ist Ilb ; Miss Ann. 5 yrs, ist llb ; Post-temore, 5 yrs, ; Ncasham, 3 yrs, Est 13Ib ; Lady Hylda, aged, 6st 1316 ; Cocktail, 3 yrs, 6st Rib ; Oitord Blue, 4 yrs, Est Gib ; Champion, 5 yrs, 6st alb ; Chief Justice, 4 yrs, Est 41b ; ('onfeuor, 3 yrs, 6 .t 41b ; Ilungerford, 3 yr:, 6st 21b; lanthe, 3 yn, 6st ; Ilareel.na, 3 yrs, sst 12Ib ; The Sweep, 4 yrs, sst 121 b ; Young Altisidura, abed, Set 121 b; Clarissa, 5 yrs, sst 10lb ; The Castle, 4 yrs, ast 716 ; Humphrey, 4 yrs, sst 7lb ; Panda, 4 yn, sst 7lb ; Paquette, 3 yrs, sst 31b ; Tightwaist, 3 yrs, sst 31b ; Vermutb, 3 yn, sst 31b ; Candlewick, 4 yrs, sst ; f by Gladiator out of Sprite, 4 yrs, sst; Ringleader, 3 yrs, 4st 131 h; Calculator, 3 yrs, 4st 13Ib ; Knook Knoll, 3 yrs, 4st 131 b ; Antigone, 3 yrs, lot 1216 ; bl cby Prince Caradoc out of bliss Julia Bennett, 3 yrs, 4st 10Ib; True Blue, 3 yrs, 4st 91b; Harpsichord, 3 rs, 4st Sib ; Ischia, 3 yrs, 4st 51b; Border Boy, 3 yrs, 4st ; bc by Don John out of Miss Whip, 3 yrs, 4st. CRICKET. MARYLEBONE CLUB AND GROUND v. COUNTY OF SUSSEX. This was the " return matc►," and was commenced on Gausden's Ground, at Brighton, on Monday. Thus was the score at the close of Monday's play. N bl" 0 W 41 " 1 -- - i —, i - . 11. Wltywspee, EN., not ' b m eoe. • Wledes,b Dean IS out W. Nieholsoe, De , e Broom., E. Trederott, EN., ran out b DWI Grandy, 0 Weeks 0, J. stney, De.. e Payne, 0 Follett e rkkeell, 0 Widen 0 %laden 2 B,1;10,11; w,2 Chatteetos, e Pape. b Dean.. 7 I Dela; 0 Widen 0 1 21 -. Wbden, e Chattern -- a, b Pwlotell, not ant l6 nin0n........... Dean, e Wlyraper, b Siena -In Grundy Iwo, a Chatty tam, b Nixon ... to Jame: : hlywhlte, sat uut G. Brows, e Cuatterkn, 0 61 j 13,1; Ib, 1 Rolston John I.4llwhite, e and b tionixl, The Dutch was resumed morning. TILE GENTLEMEN OF KENT v. THE GENTLEMEN This match wan brought to a conclusion on Saturday afternoon ut Canterbury. The final score was as follows : (o.SILSI.IOI I.V KI,Ni. W. N.N.011. Evq... b Watuey 11. Peel, Eaq., b Naval 43 C Chitty, b Whitehead ... $2 (]plain ()leaden, not out (hurt) N. PeHz, Er; , c Wavney, b ilart.rps 17 not oat le• A. Myna, EN., at hay, b Mushy 3 8. !Wes Eel., c Mouthy., 9 Tr , °rat.-- ....* ... . ..... 41 and .. *. ....... not out W. 11. .tndrea• E 49., c d b **— ............. **** 13 , . Tredrroft 2) ( uptule Pickens, l•Tradtroft 8 9 Trelerat 4l F. Endertcle, Eaq., 1 9 w, b Reeves 0 E. 1... Wilk., Esq.. 9 %litres , l3 c Hartoop,b Widtekad . 69 11. Brenculey, 1....0., n.t out VW, 7; leg 11 re, 3, sole, 9 wide, 7 l4 2 4 232 62 4, 11.101411 N Or EsolArn. I 1 e, R. Grunion, e leas, b Capt.in Muni.ty, e Breachlcy, Fredertel. W. NA.3,4"0n, FAS, run me b 4 Tredroft, Eq., b Fred, 11. Fel:roes EN , A Mynn . J. Wa bey, EN., c Andrei's E. Ilertapp, Tap , b Frain 0/erect...ens S. Wbltebead, Faq., b Fro le. J. ebstty, Esq., sot net rick. E been*, E.g., run out C. M.ree, N.. b Mynn ..... And thu , the game termin a l ul l of the gentlemen were Monday. Avtl at four o'clock, m at:weraj raged to play at Brighton on A match was played yesterday between the Ful ham Peterborough Club uud the Caxton Club (composed u( mcmlxrsuf the printing pmfessien), at lielbrook, Fulham, the ground being kindly grunted fur tha oteulion by the Bishop of London. Some very good play was shown on both sides. The follow Mg I. the result of the game : Ful ham Peterborou4h, first inning., 22 ; second ditto, ill— total, 101. Caxton : tint inning., .11 ; second ditto, 67 total, IN, with one wicket tows down, the Caxton' winning by three. AQUATICS. TILE ROYAL YACHT SQUADRON REGATTA,- VISIT OF AF.O MAJES COWL:, TUESHAY Nto c.—ln consequence of the early hour at which the boat left here, to meet the last London train, hut a mere announcement of the yachts that were started fur her Majtsty's Cup of 100 guineas was stmt; but it may he proper to state that; the Lelia, 74, Twisden Hodges ' Esq. M.P.; the Gauntlet, 65, William Peareth, Esq. ; and the Lavroek, 65, Captain C. 11. Williams, It were also entered for the mune, but did not start. The coarse WAS from the starting vessel, moored otiCowes Castle, proceeding eastward, passing Norris Castle, Osborne House, Hyde, and round the Nab Light, returning by the same route, and from thence proe,sling westward, round a vessel sta tioned off Yarmouth, returnia; and finishing at the start ing vessel. The course was about sixty 11111141 in length. At starting there was a gentle breeze blowing from N.E. to N N.E., and the Arrow was the first vessel to gut fairly under way, and soon took the lead, followed by the Freak, Gondola, and Bacchante, which position was well maintained fur about half an hour, when Cie wind alnesst dropped to a calm. The Freak afterwards luffed to the windward, awl catching a light breeze from the east ward, she soon came alongside the Arrow, and iu a few minutes she was seen taking the lead until near to the point oil' No Mar.'s Buoy, when the Arrow again made way unun h-r, coil in rounding the Nab Ught at 12.20, the Freak was cut out. A breeze now sprung up from the south, and once more the Freak passed her rival, and led the way until about a mile from the quarantine ground, when a general calm came on, and they could du little more than drift with the tide. At the quarantine vessel, however, a good a ind came on 6ont the west, which was taken simultaneously by both vessels, and the Arrow once more t.,ek the lead, pass. ing the station vessel at Cowes in the following order: h. =ln. sec. Arrow Freak Kt - chaste ....... ...... 4 12 31/ On arriving off this point the Gondola gave up, and took no further part in the contest. The other vessels kept the same rel dive positions for a short distance, but soon after wards the Arrow, being well to the wind, kept increasing the distance between her and the Freak, and on arriving off Lymington, was at least nine minutes a-head of her, but from here her progress was all but stopped, for the nine' dropping eutireiy, and a dead calm coming on, she was drifted by the tide at least two miles beyond tke vessel at Yarmouth, the extreme boundary of the course, the Freak Ming adern about a quarter of a toile. A light breeze got up front the north-east, by which they were enabled to re trace the ground they had so unprofitably lost, and succeeded in rounding the station-vessel utf Yarmouth soon after five tie:loci:, the Freak being 9 minutes, and the Bacchante, 4d minutes astern. A strong contest ensued from this point, between the Arrow and reak as they were beating up the Weidern Channel together. The darkness coming on, they saw nothing more of the Bacchante, but were fully impressed that no danger from her was to be apprehended, and great was the surprise of the captain of the Arrow, on her arrival off the starting vessel, to find that the Bacchante had already been there before them and claimed the prize. This eircumstanee may be accounted for in this menner—that as the Bacchante was so far behind on the course to Yar mouth, she was the first totake advantage of the little wind that sprang up, while the others were On their return from the point where they had severally overshot the mark. Owing to some mistake of the light of the station vessel, the Arrow, in coming in, kept close inshore, and went into the I harbour. She had, therefore, to return and get round the vessel, a loss to her of four minutes, but this mistake was immaterial, as it did not alter the result of the match. The yachts came in as under: b. min. Fee. 114texhante 9 27 I) Arrow 9 39 0 Fr 9 . 45 e.41,_ The ii;easante was then declared the winner, and the prize, which is a splendid massive silver urn and cover, will be presented to B. 11. Junes, Esq., the owner. to-morrow. At about five o'clock in the afternoon the Fairy, royal steam yacht, with the royal standard of England floating from the main, was seen proceeding front tile direction of Osborne, and it was soon made known that her Majesty and the royal children were on board. The vessel then entered the channel, and proceeded slowly:to the westward, between the fleet of yachts and the Club-house. Her Majesty was on deck, and appeared to ho highly pleased with the nu merous trim vessels lying at the station. She courteously acknowledges) the marks of loyalty with which she was re ceived. The Fairy then proceeded up the West Channel to allow her Majesty an opportunity of witnessing the pro• gress of the yachts that were contending for the prize given by her, hut this must have been considerably stripped of its interest from the cati , e above stated. Soon alter seven o'clock the Fairy returned from her short cruise, and pro ceeded direct to Osborne. The race fur the Loyal Yai.lit Squadron plate to-morrow will be warly contested, the fulluwiug entries having been made fur the same : YAM. Tow. Owners. Beattie* ..... 161 Coaatam M.... 318 Ceptisors. . 313 Talbot, Erg., M.P. Mr% is ?! ... ( . liirey 16i Mr H. 8.. lloorbten7Bart. The coons will be the same as for the Queen's cup. The greatest possible interest is manifested here as to the extraordinary performances of the American yacht America at the recent regatta at Uric, where, with the greatest ease, she distanced all other competitors, although then not allowed to enter the match for the cup for yachts of all nations, through some trifling technical objection as to her ownership. That point, if it ever had any validity, has been waived here, and it has been finally determined that she shall compete with about seventeen others for Prince Albert's Cup, of 100/., on Friday next, which is also for yachts of all nations, and it appears to be the general opinion here that if there should be anything approaching to a stiff breezy there is nothing afloat that can take the lead of her. Igor owners arc still willing to back her against any other to any amount, but up to this moment I have not heard that that challenge has been accepted. A large number of persons have been on board within the last few days, who have expressed great satisfaction at her arrangement and perfectly novel construction. THE EXPRESS, WEDNESDAY EVENING, AUGUST 20, 1851. SP.k.NISH BONDS. Yesterday a general meeting of the holders of ' Spanish Bonds took place at the Loudon Tavern, Bishops gate-street, to take into consideration the law fur the set tlement of the public debt of Spain, promulgated by the Cortes with the sanction of her Catholic Majesty. JAMES CAMEL, Esq., was voted to the chair, and said that there was one matter personal to himself to which he would call attention before the business was proceeded with. On the 3rd of June, 1651, he wrote a letter to Senor Istu ritz, the Spanish ambassador, which contained these words : " The amount of concession in favour of the government is great, and I will never be a party to any terms but those which the bondholders have agreed to at a public meeting." (Hear, hear.) As he failed to obtain these terms he gave up the matter in despair, and would therefore propose now to resign the responsible office of chairman of the committee. (No, no.) If he were pressed to remain, he must consent to do so. (Applause.) Ile had received several letters stating that the law for the settlement of the debt had not been supported by the regular number of senators. A remonstrance on this had been made to the Minister of Finance and the Minister of Foreign Aflairs ; but it had, he understood, been returned unanswered. It had, however, been passed by a formal law ' of Spain. The committee had done their utmost to obtain better terms, and Lord Howdcn had exerted himself to the utmost to obtain them, as well as their agent Mr.Weiswciller. I Still the terms now proposed were an amelioration on those formerly submitted. At the then market value they were worth about 15/.4whereas the proposition now offered them would be 126/..55. in a 1 per cent. stock, which, if taken at the price of Spanish Three per Cent. stock, would be worth about 'IS , . Thus the committee had been a little successful. (Hear, hear.) The chairman here rend the agreement of the government, which he characterised as one of high- I Isounding pretensions, and of little value to the bond hoiden. lie would particularly caution them to insist on their dividend being paid in London. (Hear, hear.) The committee had not come forward on this occasion with soy resolutions, for they had arrived at this point that matters must now be left to the discretion of the bondholders whe ther they would reject or accept the terms ut the govern ment. ♦ BONDHOLDER asked what the committee advised? The CHAIRMAN said the metnher, of the committee must answer fur themselves. There hal been the greatest harmony amongst them on the subject. There were, he understood, a great many bondholders who were determined net to be guided by anything this me.dinw might do, but would go at once and convert their bonds and take their dividend. Mr. L6'V—No fools they. (Laughter.) The CIIAIRNIA N said it wax well known that the Dutch and a great many foreigners, would do the same. (Hear, hear.) Ile must confess that fur himself he considered the terms now proposed very bard indeed, awl unjust in prin ciple. (Bear, hear.) Colonel Sir RENII.IC BAILEY, one of the committee, regretted that the resolutions brought forward by the COM mace at the last meeting had been put aside, as they had only been come to after great deliberation. (Hear, hear.) Ile concluded his observations by moving that the same IC solutions be now confirmed by the meeting. "1. Resolved—That in cons,quence of the Spanish mi nistry adhering to the terms proposed for the funding of the Coupons in arrear, viz. by giving onl y fifty per cent. of their value in the N ew Deferred Three per Cent. Stock, this meeting reject the whole of the proposed terms of settle mem, this meeting being of opinion that the terms agreed to by the bondholders sat the public meeting in February last are moderate in th”mselves and such as a reasonable ell.rt un the part of the government to improve their fi nances would enable them to meet. 2. Resolved—That this meeting, considering the great amount of sacrifice the bondholders are making, in con senting to take a Deferred Three per Cent. Stock (and which only commences bearing one per cent. interest) in exchange for their Five per Cent. Bonds, cannot but ex press their surprise and regret that the Spanish ministry should *till adhere to its proposition to confiscate 30 per cent. of the coupons in arrear, and should now be attemt ing to carry a law to that eff e ct through the Spanish Ic gialature. " 3. Resolved—That this meeting hereby declares its opinion that the coupons in arrcar have an equal, if not superior, claim to the capital, arising as they no train de fault of payments in cash, which ought to have been made regularly every half-year. r•I. ltesolved—That this meeting, to show how desirous they are to arrive at a moderate settlement of their claims, ' will still adhere to the terms agreed to at the public meet ing on the 12th of February last, at which the toms pro : pcsed by the Spanish government for the settlent nt of the active stock, and for the debts nut bearing interest, were ' agreed to, provided that a full amount of the New Deferred Three per Cent. Stock he given for each coupon in &near surrendered to the Spanish government. " Resolved—That one of the conditions be, that the dividend on the New Deferred Three per Cent. Stock be payable in London as heretofore. "6. Resolved—That in the event of the Spanish govern ment acceding to the settlement of the foreign debts of Spain, as offered by the beinilholders, there ought to he ! express condition introduced into the new bonds or into the law authorising the said settlement, that in the event of that settlement not being duly carried out in ill its parts, the original rights of the bondholders, ue regards both capital and coupons, shall 1w rcsorved entire." Mr. CHITTY' seconded the motion. Mr. TASK ER (one of the committee) opposed the terms, and said that they were a disgrace to any Christian govern ment. In the distribution of the money they had taken the last first, and the first last, and were nut satisfied till they had struck 30 per cont. off the coupon-bolder. (near, hear) They were now divided into three sections : first, the holder of bonds cx coupons; secondly, the coupon holders cc bonds ; and, thirdly, the holder of bonds with his coupons. The last, the one who had foregone his interest to prop up the credit of Spain, was now to he sacri ficed. (liter, hear.) The CHAIRMAN said the committee hail used their utmost endeavours to get justice done to the coupon holders. (llow, hear.) Mr. SAMSON (one of the committee) confessed that the teens were disgraceful to the government of Spain, but he did not icre how they could reject thou with advantage to themselves. _...... ____ Mr. SIMON moved as an amendment, that the terms now proposed by the Spanish government should 6: agreed to, and he sincerely hoped they would be adopted. Mr. LEVY seco n der Mr. Simon's resolutions. After some discussion, Mr. CAPEL read the minutes of the proceedings of the committee to prove that they had done their duty when Mr. Weiaweiller wrote asking if certain terms named by him would be acceptable. It had been add that our government would probably interfere; but Lord Palmer ston had assured him (the chairman) that the question had been frequently before the cabinet, but it had always been decided not to interfere. It wan also asserted that the resources of Spain were such as would enable her to meet the claims upon her in full, but very different representa tions had been made to him by parties well acquainted with the country • and Mr. Faleonnet declined even to become the age net o f the bondholders at Madrid, although otlitred a blared sum, because he thought that Spanish finances were in a deplorable condition. These circumstances had quite shaken his (the chairman's) hope of better terms through the interference of our government. Baron ROTIISCIIILD believed that until the last pub lic meeting the committee were nnanimons, though some differences bad arisen since. It was due to Mr. Weisweiller to say a fury words. That gentleman hail never received from the commithe any authority to treat or negotiate with the Spanish government. All he had to do was to COMM. nivate the wishes of the committee and the resolutions passed at the public meetings to tlau Spanish government, and he had followed to the very letter his instructions. No blame ought to be attached to Mr. Weisweiller on account of the proposals of the Spanish government liar confiscating the property of the bondholders. Ile (Baron Rothsehild) had written private letters, which he had shown to Mr. Cape!, confirming and supporting all that the chairman had written. If all the bondholders could be united, he should say reject the terms, but every one who rejected was fur thering the interest of the one who accepted, and enabling the government the better to meet the claims of the latter. There was a public law paused by which the Spanish government said they would stand or fall. Ile must mention, while addressing the meeting, the nearly every week he received letters from anonymous parties aceusing hint of having a personal interest in getting the terms accepted. Ile ctiallaugeol the writers of those letters to emote forward. One party in ltis letter referred to the quicksilver contract as placing his (Baron Rothschild's) firm trader obligations; but this contract was made two years ago, and was merely fur the purchase of quicksilver, which was of course paid fur. In about nine months the Spanish government would he at liberty to sell its quick silver to any one that it pleased. That was the only trans action his hrm had had with the Spanish government fur some time; therefore he really did not see what personal interest he eould have in the matter, and must remark also that it was beneath the dignity of a gentleman to mix up religious with financial questions, as one writer who ad dressed him had done. lie had no interest hut that of the bondholders, being himself a large bondholder. (near.) After some further conversation, amidst impatient cries of " Divide," . . . . . . The CHAIRMAN then pqt the last amendment to the effect that the Spanish nation and government having now a law, giving a stated su of money fur payment of Dosed sum of on the foreign debt, the bondholders accept the setae, with the understanding that the money so voted be equally divided. Only,ftve hands were held up in favor of this amendment, which was therefore rejected The CHAIRMAN then ruhmittcd the first amendment, which was to the effect that this meeting having had under its consideration the law now passed, and finding, notwithstanding its urgent remonstrances, the confiscation of half the arrears of dividends had been most unjustiti• ably but it was hoped not irrevocably decided on, gives a most reluctant assent. Further, that a memorial be pre pared and submitted to the Spanish government through Lord Palmerston, urging the claim of the bondholders to greater consideration. (No, no.) The Chairman then . . said he would put the resolutions in the following shape: " Resolved—That this meeting having had under its con sideration the law now passed by the Spanish Cortes for the settlement of the public debt of Spain, and finding that notwithstanding the repeated and urgent remonstrances made by the bondholders through the medium of its com mittee, of the British ambassador and of Mr. Weisweillcr, the representative of the bondholders in Madrid, the con fiscation of one half of the arrears of dividends has been most unjustly, but it is hoped not irrevocably decided on. This meeting, considering . they have now nu alternative under the arbitrary decision in question than to submit thereto, do give their very reluctant assent to the arrange ment accordingly, trusting, however, that the Spanish go vernment and the Spanish nation will ever bear in mind the great injury thus inflicted on the bondholders, and will consider it a point of national obligation and honour even tually to carry into effect the just, moderate, and equitable proposals of the committee. That this meeting, in making the present sacrifice, consider that they arc fully entitled to have the coupons of the new bonds payable in London in sterling money as heretofore. •' Resolved—That the agent of the Spanish government in London be authorised to deduct from the first amount of money remitted for the payment of the dividends all the expenses incurred by this committee in negotiating for a settlement of their claims. The numbers were— For the resolutions 4O Against Majority Thanks were then voted to the chairman and the cow l mitiee, and the meeting adjourned. BOAT ACCIDENT OFF ANNAN WATERFOOT.—A melancholy boat accident occurred off Annan Waterfoot, about 6 o'clock on Saturday evening last, by which four persons unfortunately lost their lives. It appears that shortly after six o'clock, Joseph Brough, boatman, of ' Annan Waterfoot, and late of Battle-hill, lett l'ort Carlisle with the following passengers :—Mr. Scott, draper, of Annan, and Mrs. Scott, his wife; Mr. Anthony Nelson and Mr. Walter Park, also drapers, of Annan, and an agricul tural servant, named Beck. When opposite &afield, the boat came in contact with one of the fishing nets lying there and was capsized, the whole of the party being thrown out of it. Nelson and Park seised hold of the net and hung by it until they were rescued by some persons in a boat from Scofield, but the other four—namely, Brough, the boat man, Mr. Scott and his wife, and Bcck,were unfortunately drowned. EASTERN COUNTIES RAILWAY. The directors of this company have just issued their half yearly report to be submitted to the proprietors at the gene ral meeting on Monday next. It states that the directors have to regret that the traffic receipts exhibit 3 deereane as compared with the six months ending the 4th of July, 184 of 33,42 U. on the Eastern Counties line, and on the N O, line 2.19/., the total receipts hang 31;6,9221., as contrasted with 400,704/. fur the corresponding half-year of MO. This decrease on the Eastern Counties line is too great measure to be attributed to abstraction of traffic and reduction of fires consequent upon the opening of the Great Northern line from Peterborough to L modus; also to the construction of the brand' from liitchin to Royston, w hide brought the Great Northern line within about 12 Mika from Cambridge. The directors, however, rely with confidence that the in creased accommodation they arc now affording to the pub lic will enable them gradually to increase the revenue upon other portions of the line. The working expenses arc being gradually reduced, and the directors feel justified in stating that further reductions will ultimately be made. The in ducements the directors have offered to the proprietors of land and other parties have resuited in the erection of seve ral Mucks of houses; and they have no doubt as it becomes more generally known that the company is orepared to grant a reduction in their charges for annual tickets, in con sideration of a party erecting a given nuonlwr of dwellings of a certain class, the facilities which this line now atf ords for residential ;raffle will insure an increase in the revenue. In reterenCe to the permanent way, the directors ' alter a trial of the patent fish-joint, became so impressed with its importance, not only an gic log a smoother road, thus re ducing the cost of Coe tractive power and the wear and tear of the rolling stock, but as economising the expense of main tenance, as to induce them to order its application from Stratford to Bishop's Stortford, a distance of 28 miles, a favourable opportunity presenting itself for no doing. as this portion of the line hail to be taken up fur extensive repairs. Further experience may induce the directors to recommend reCunsid. ration of the prop, iety of putting aside an annual stills an a depreciation fund for the permanent way, or an alteration in the amount au reverted. The directors have &loused of u por of the surplus property. ..ttb•r nhnne rows interviews with the directors of the Eastern Union Railway Company, several matters of detail connected with the Harwich agreement have been settled, and the seal a' this company fixed to the agreement, and the directors, tru that no further obstacles may int,' came to prevent the con. struction of the branch to Harwich, which, whin com plete, will add materially to the revenue of the company. l'he common seal has Is cn affixed to the agreement with the Newmarket Conmany,and the directors are informed that the line front Newmarket to Cambridge will be' opened nor traffic in October of thin year. The directors refer with sa -6,n/calor' to the exertions making by the Northern Steam Packet Company to promote a trade with Denntark through the port of Lowestoft. The directors regret that the Great Northern Company have ronsid,reil it to be their policy to endeavour to abstract traf fi c from the Kist Anglian district, for whilst it may damage the receipts of this company, they feed convinced the interest of the Great Northern will nut be promoted by the competition which mustultimately ensue from this azArs‘nire line of police. The line from Sioelford to Sliepreth is now completed, - but '-annot be opened for pasecengcr traffic until arrangements have been made for sta tion atelommodation at Shepreth. Since the last general meet ing two of the directors hare sent in their rssignation, Mr. Joseph Glynn and Mr. Samuel Ellis. The board have filled up Vs( se vaiancio s by the election of Lord Alfred Paget, NIT., and Mr. Cecil Fane. The directions beg to assure the proprietors that their exertions will he anxiously. and assiduously directed to the increase of truths., and also to the reduction of expenditure so far as it can consistently be carried out. The report of Mr. J. V. Gooch, the locomotive superin tendent, states that the number of milt , run by trains dur ing this half-year exceeds that of the corresponding period of last year by G3,49S miles. The total cost is oo,ffil:P., equal to 10 , 1 i 3d. per mile par train, hoeing a reduction in the expenses of 13,581/., equal to 3.310 d. per mile per train. The total amount which has been expended in repairs and renewals is more than will be required to maintain this stock with efficiency. In the amount of 55,03:11. is included 3,013/. fur the use of steam power, for forming the pasienger and goals train, in consequence principally of the great in convenience of the London stations, which would otherwi,e be dune at a very reduced Clptillie by manual labour. The total cost of the carriage and waggon department for the half-year is 16,7451., equal to 3.217 d. per mile per train, being an inereas., uf 29V., equal to o•o:itid. per mile per train. In taking the east at per mile for locomo tive department, and 3.2174. :per mile fur carriage and waggon department, in compariFin with other metropolitan railways they will appear high; but by it a very decided improvement has been made in the condition of the whole of the rolling stock. . . The report of Mr. /Lehi:rat, the superintendent of way and work., etatee that the labour and materiels in renewals and maintenance Interest for the laid half-year at the average rate of 431. 104. ted. per mile—vie., in the renewals, 2,172/., and in the repairs of statiens, wan:houses, workshops, and other buildings, 7,130/., making a total 0f23,946/. The per , manciit way and works generally are in a very satisfactory werking einulition. The one mile at Stratford that is fiat ' jointed, and Ins been tested and worked over more than two years, has been maintained at less than 301. per mile per annum, whilst the oil road in the s ime district between Stratford and Itieliop'e Stortford has rest in labour nor the game period 93/. de. 6d. per mile. le eking at th • cost of labour iu the Stratford and Stortford district, he states with confidence that by the mho; lion of the system now in pro gress the company may realise, in saving of labour alone, an annual sum of nut less thaa 501. on every mile so completed. The capital account of the Eastern 'ounties Railway to the nth ofJuly shows that 9,0014,737/. had been received, in cluding 49,676 1 . for sale of surplus property, and 9,605,6.43/. expended, leaving a hatente against the conipany 01...16,e46/. The hood debt account slows a total of 1,116,478/., of which 4.16,278/. woe borrowed at 3 per cent., 457,1(0/. at 41 per cent., 124,300/. at 4: per cent., and 118,6001. at 4 per emit. The permanent way renewal fund shows a total of 36,950/., of which 2,172/. was expended during the half-year, leaving a balance of 31,777/. The amount s, t aside out of revenue during the half-year fir that purpose was 8,010/. The share capital account shows a total of 8,366,760/., of which 3,827,502/. emieiste of conselidated stork, including bonus of 1,087,003/. The guaranteed stocks amount to 2,539,2371. The calls in arrest amount to 42,192/. 'fhe revenue account fir the heif-year ending the 4th of July settee that 366,921/. hml been received, and 208,358/. ex• tweeted, including 11,275/. rates end taxes, and 7,1661. Go vernment duty, leaving a balance of 158,363/. From this SUM is deducted 152,931/., being the interest on leans and guaranteed shares, leaving a balance of 3,621'. The earn ings on the Norfolk Railway during the half-year n eounted to 53,277/., awl the expenditure to 38,733/., leaving a balance of 11,5221. The Norfolk guarantees and loans amount to 211,799/., mid the interest on Cie rolling dock to 1,733/. The balance to the credit of revenue fir the hell-year ending the 4th of January, 11431, amounted to 24,636/. Out of this is deducted 10,041. in reelect to accidents, 2,769/. expended in appeals against parish assessments, 1,6471. to Messrs. Quitter, Ball, and t'e., and 10,0011. over-statement of carv ings iu revenue account anterior to January, 1849. THE At:1)1701W REPORT is as follows:—... Preparatory to the half yearly meeting to be held on the 25th instant, we have to lay before you the balance. sheet of your capital account to the 4th of July last, and the revenue accounts for the half year ending at that date, es prepured under the superintendence of Messrs. Quitter, Ball. and Co., and sub mitted to us by your directors for our examination and con firmation. Thew accounts having previously undergone by us a strict and continuous audit we tied correct, with one or two exceptions, to which we tag to direct your attea tion. Under the head of general charges, we find thus sum of 74'. 2.., fur ' proxy stamps;' this charge we deem an im proper one, ns living not only illegal, but objectionable in principle and injurious to the Interests of the proprietors, as tending to throw a preponderating power into the hands of the directors at any of the uhetings of the company. We would recommend in future that no proxies be issued at the expense of the company. 'the charge for ' legal expenses' (including parliamentary opposition to competing lines) con tains two items, amounting together to 0301., paid by order of your late directors ; for these amounts no vouchers have been produced to us, and on inquiry we are told it would be undesirable fur you to possess particulars of this expenditure. We cannot, consistently with the important trust repowd in us by you, accept this explanation, and therefore submit both these matters to you, to deal with as you think fit. We have been at some pains to accomplish a sidtleinent of the ' rent 1 , ,e joint stations,' and have had frequent interviews with the gentlemen appointed as ar bitrators for that purpose. N 5 e have the pleasure of in forming you that an equitable award has been made in the matter of the Great Northern Company ; that the charge against the Midland company has been fully considered, and only awaits the award of Robert Stephenson, Esq., who has also promised us to give his immediate attention to your claims on the London and North Western Company. The return of the rolling stock in hand at the 4th of July last shows the number of coaching and merchandise vehicles to be seventy-four less than were in stock at the 4th January last, notwithstanding that fifty-one new goods waggons and fifty coal waggons have been purchased and charged to the revenue account this half-year. The deficiency has been accounted fur by the locomotive superintendent in a letter addressed to u', from which the following is en ex tract:—' It appears to have been the practice of returning all vehicles which were purchaeed, as well as any which might have been added to replace those broken up; the same course was also taktn laid half-year, during which period a great many of the New market stock was taken in, and added to the total number, and not shown as replacing those which had been decayed and partly broken up, thereby showing a fictitious number. I have, however, satisfied myself of the actual stuck, the whole of which has been seen and recorded within the last six weeks, and of which this is a correct return."f he re turn now given, therefore ' was the stock actually in exist ence mu the 4th of July, 1851. You will not foil to notice the large reduction in the consumption of coke, as exhi bited in the locomotive accounts fur the last halt-year. The ' cost at the 4th of July, 18,50, being at the rate of 3 . 0048 d. per train mile, whereas, at the 4th of July last, notwith standing an increase in the train miles run, the average coat was only 3.39021., showing a saving of more than 26 per cent. We anticipate a still further reduction under this head of expense in 18-52, as we find by a clause in the last agreement with the Northumberland and Durham Coal Company, that in April next they are bound to supply coke i at the market price of the day, instead of the stipulated and excessive price of 235. and 245. per ton now paid by the company. The over issue of 4701. on the extension stock, No. 2, adverted to by us in our last report, still remains unpurchased. We have intimated our wish to the directors, that our recommendation should be at once com plied with. The unsettled account between the company and their late solicitor remains in the saute unsatisfactory position as when we last addressed you. In our opinion you directors should be empowered at the next meeting to , effect a speedy and final arrangement of this matter. Wo have again to express our wish that some effective steps may lie immediately taken to ascertain tile amount of ca pital upon which your company is ehorgeable with interest and dividend on account of the Norfolk Railway. The amount appears to vary each haltycur ; and fur the past six months the total amount of capital for interest, ii.eisiding the consolidated stock, is about 2,311,0001., notwit:istantling the recent sales by the Norfolk Company of some of their surplus lands, which have produced them a considerable suns, and in consequence of which the Eastern Counties Company's income derivable from that source has been re duced about 8001. per anaum. The agreement between tho companies provides that the amount of capital shall not ex ceed ',191;1,0,./Y., with Is CI rain r.s,rvation, w6i.ai iv.• now desire to see accurately de tined. We think it very desirable that some fresh arrangement should li made as to the remuneration of the direc tors. Von are perhaps not aware of the large amount paid under the head of management, including the Northern and Eastern and Norfolk boards, which is us follows: Allowance to Eastern Counties directors per annum, I,bdal.; allowance to Norfolk joint cominittee per annum, 4001. travelling expenses, directors, and secretary for the past year. 329/. 10s.; travelling expenses, Manchester director, for the past year, 2371. 1114. ; allowance to Norfolk directive per annum, 6:1/1.; Norfolk ottice—rent and Inherits.' for half-y. ar (.42/. 11s. 3.1., or per annum, 1,1241. ; Northern and Eastern board, allowance for management under act, per annum, 1,000/.--.5,192/." The abstracts of particular expenses annexed to the above show for working, repairing, and renewing engines, for coke :end carriage and waggon renewals a cost during the half-year of 71,7142/. '24. 2d. The average expense per train per mile wad 13.7907 pence, for the half-year ending July 4, a hid' is a great r eduction on that of the corresponding period in 18411. For the latter half-year the average ex pense per train per mile was 172b34 pence. The cost for inaintereuree of way is put down in total at 29,7931. 19s. 7d. 3liweilenvous working expenses give a total of 914,339/. 104. 4(1. It :givens from the statement of share capital that the total under that head is 14,1014,932/. 10.5., of which 8,3417,11(1/. 13... 4(1. was registered, and 101,3111. 10, MI., unregistered. The amount in arrear is riven at 12,1921. ns. 21., the amount for dividend at 8,306,7001. Is. GREAT LUXEMBOURG RAILWAY. Ye.tcrilay the half-yearly meeting of this company was held at the offices in Royal Exchtinte-buildings, City. Jams Masrrnstas, jun., Esq., took the chair, in tho absenee of Sir Wm. Magnay, Hart., the chairman of the company. Ito- secretary read the report, which stattil that the go vernment has at last boldly come forward to their awistance, acknowledging the necessity of the undertaking ns a great international line, which will secure to Belgium a consi derable share of the immense goods traffic now dependent upon the circuitous navigation of the Rhine, as well as effect a jun. lion witlt Strasburg and the east of France. The present ministry have taken a comprehensive view of rail ways existing in Europe, and having deeply studied the ,id vadraoes Pit' the line, have come to the conclusion that it is the do-sided interest of the country to assist in the eonstrue lion of the Luxemburg railway, and that they will ho amply compensated for any contribution which they may have to make during the first few years of its existence, tpy the accession which it will bring to the trade and commerce of Belgium. The government have conceded to the company the right to make the line from Brussels to Namur, and to select the best and shortest line between the two points. The • construction of this railway will at once confer value upon • capitol already laid out on the tirst 10 miles of the line out of Brussils, and the government have apportioned 200,t Mi. of the caution money for the purpose of reeommenc , ing those works during the present year. With respect tothe line uniting Namur with Arbor sod Luxemburg, another year is allowed her the more thorough study and 'preparation of the plans awl sections. The directots feel sure that the teethe on the line from Brussels to Namur, with f, celery right and left, will yield a ',satisfactory return; but its full value depends on its extension to France and Bcrnianv, and this can only be obtained by the construction of th . c lino originally designed to Arlon. The capital, when required iu future years, will be raised under a government guaran tee of 1 per cent.; and the company have in hand, for (Ito commencement of these works, a sum of 60,0 W. (caution money), which will enable them to open the cattier sections of this extension. With respect to the railway, the com pany will have, first, a continuous line of 3ii miles, comica -1 ing the ports of Antwerp and Ostend, US well as the capital, with Namur, Liege, and tharleroy. With respect to the canal, an expenditure of 90,0001. will open the most profit able part of the navigation, extending to the company's valuable field of ironstone at Durbay. The bill to effict all these important Ojects has been discussed at great length during the past nortnient in the Belgian Chamber of Deputies. This discussion has served to bring out in a prominent manner the additional ianportance of the rail way, in (sum ohm with the plans in agitation for continu ing the line to the Adriatic, a shorter route to hulls hy about 400 milli, and a mode of conveyance for the English passengers and the mails exempt from the interruptions which 'night occur in the present route through France. The ter - of the convention with the mßelgian govern ment were laid on the table, and front which it appeared that the Belgian government would give 4 per sent. upon any future outlay for the construction of the line front Namur to Arlon. Another point was that they agreed to lease the caution money placed in their Lamb, on the condition of its being appli al to the woks of the line in equal proportions—that is, woe-fourth for the short line from Brussels to Namur (but in which the company receives nothing in the shape of guarantor ) and three-lourths for the long line from Namur to Arlon, which is guarantee," the I per riot. The government also release the canal, making it independent of themselves ; this, the directors exported, would prove a valuable nod paying branch of the railway scheme. As to time, the company were now allowed an additional five yt.irs to complete the undertaking. They were also enabled to take upon them selves the works of the Louvain k la gunihre Company, thus terminating the law suit between the Luxenthourg company and the Belgian government. The estimated vest of the short line was to lie taken at :00,1/90.1., and that of the long fine at about 000,000/. As soon as the traffic should pay 7 per tent., the government would deduct a pro portionate omit to repay them their guaranti e. The govern ment would give the land for nothing on their own line, and would engage to use its influence with the communes to grant the hind required for the purposes of the railway. The CHAIRMAN urged the propriety of adopting the terms of the convention agreed to by the Belgian Cham h ers. lie was happy to say that the government had at last seen the important link which this line must fill up in tho ' chain of communication between the north of Europe and the Adri .tie. In fact, he saw in its completion the erand route to India by way of Ostend and Trieste, not that he expected that the India mail would err repay a railway company, but when he stated that the completion of the proposed route would be a saving of 500 miles over that at present adopted, he thought he was nut out in his calcula tion if he said that this line, when completed, would be a most profitable undertaking. (Iliac, hear.) After a short conversation, in which Mr. Anderton, Mr. Ashwell, Mr. Worthington, and other honourable pro victors took part, two resolutions were proposed by the chairman and unanimously agreed to The first of these was to the effect that the meeting, approving of the conven- Hun entered into on the 30th duce last between the directors and the government, authorised the board to ratify tho sante, and to accept, un behalf of the company, th..l bill founded on that conveation, which was now passing through the chambers. The second resolution appointed u com mittee of shareholders to act in conjunction with the board of directors. Vote. of thanks were passed to the president of the com pany and to the imird of directors, to the secretary, and to the chairman fur his conduct in the chair ; after which the meting separated. PORTBURY PIER AND RAILWAY COMPANY. The half-yearly general meeting was held at tho White Lion, Bristol. P. W. Mites, Earn, M.P., ha the (hair. Mr. Kuatip, of the firm of Osborne, Ward, and Co., *di citura to the company, read the following report In accordance with the intimation given to the shareholders in the report of the directors to the half-yearly ordinary general meeting, held ou the twenty-ninth day of August, 18 ts, your directors have advertised the present meeting for the purpose of the shareholders determining whether application shall be made to the commissiunera of railways, or other competent authority, that this undertaking may be abandoned; and roar directors have caused a circular letter to be sent to each shareholder, re nesting the signifi cation of his assent or dissent thereto. Your directors re commend the adoption of this course as the only one which can effectually relieve the company front all responsibility. Your directors have adopted the necessary mea,ures fur obtaining payment of the arrears on the second call arid the interest thereon, and since the 31st January, 1851, have ob itamed payment of such call on 1,150 shams." Mr. KNAPP said the accounts showed a balance in hand to the 31st of July, 1851, of 4,b961. Ifs. 10d. There had been received since 31/. 6s. 10d., making the balance 4,930/. 18x thl. The aelliritor's bill of costs to the llst July was 218/. 13, Bd., and the probable further receipts would be 80/. 1.14., making is total asset of 4,783/. Supposing that Mr. Clarke recovered his full claim of 4,'.611. 12s. Id., there would then remain 1981. 7s. 11d. as the assets of the CUM piny, in addition to which they would have the value of bir:Sydney's laud and of Mr. Clarke's land. The directors were advised that Mr. Clarke would not succeed in sub stantiating his claim, and the directors recommended the shareholders to resist it to the utmost. There were 2,024 shares on the registry, and if Mr. Clarke's claim could begot rid of altogether, the balance, after payment of further ex ' perms, would be returnable to the shareholders in the event of the abandonment of the undertaking hieing sanctioned. Assents to the application for abandonment had been sent in previous to the meeting in respect ul 1,165 attires. Only one shareholder had sent in a dissent. It would be the duty of the shareholders, in order to comply with the pro visions of the Abandonment of Railways Act, to appoint three scrutineers to ascertain the-number of assents and dis sents. Mr. GIBBS asked what the probable expense of wind ing-up the company would be ? tle had heard that it would be very great. Mr. KNAPP said, no company having as yet bee is wound up under the act, it was impossible to say, but he appre hended that it would not be very considerable. Several shareholders expressed their wish that the com pany should be abandoned, and a resolution adopting the report was passed, and scrutineers appointed, who reported that 1,618 shares had assented, and two dissented front the proposal. The formal roolutions;to carry it into eff..et sena con., and thanks having been voted to -oakum& the meeting broke up. t ' , At " 1