The Express. — London, England, 1851-02-13 00:00:00

2,000,000 Interior. The Infante Don Henry, brother to the Kills. has Teen authorised by the government to return to gpsin, and to reside at Valladolid. GERMANY. The Danes took possession of Friedrichsort on the Sth instant. and of the kronwork of Rendsburg on the 9th. Into the latter place they were introduced by the Austrian commandant of the town. Signorini. 719, event has taken the Schleswig-llobiteiners quite by surprise, and they seem to feel their humiliation most bitterly. The occupation of Rendsburg by the Danes will, on the Arnim motion. be brought before the 2ud Berlin chamber on Thursday the 14th, and will, it is expected, provoke a very animated discus sum. M. Vinekils motion on the state of the nation," which embraces every subject that is at pre i.ent before the German public, will also come on in a kw days. The Deutsche Itt:l;u•ne, on the plea that the internal affairs of the church are beyond the competence of the government and the chambers, concludes that the complaint of several members of the protestant church, that they have been injured by church authorities, cannot be entertained either he the cabinet or the parliament, as that would be interfering in ititt runt ecclesiastical matter. Our Berlin correspondent write as follows: • BERLIN, Fin. 10. In the Second Chamber to=ciny die proceed ings referred to the new law on the organiza tion of justice. Several minor amendments were Troposed and carried without discussion. Paragraph )6, regulates the mode by which conflicting issues between two or more district courts of justice, shall he disposed of. liv the new law the superior court of apiwal is retained as the highest law court in the realm. Dingy Gerlach proposed that throughout this and other paragraphs in which this rivet is alluded to, the words should be lettered to High Chamber Court. it being his inten tion to move the re-institution of that court an the chief law court of the realm. After some &t -eas...ion of no great interest, the question was put, and the amendment declared carried ; on a division. Various other amendments were proposed to the pirivriphs diseased but without one living carried; the recommendations of the commission alone found favour in the sight of the Minister of Justice, and were earned at cordingly. A special commission is to be appointed to discuss the law on ministerial responsibility. 111 E LYONS MANUFACTVRERS AND TIIE GREAT EXHIBMON. Our Paris correspondent writing yesterday says: •• You may remember that in their sitting of the 4th instant, the Central Jury appointed to select the olir•t% or French eonttibution discussed a demand from the Lyons manufacturers that the articles sent he retail dialers should be excluded, and &ebb d that such articles should he admitted, but under the condition of the name of the original numufacturer being attached, as well as the name of the contributor. Well, it %CMS the Lyons people are greatly dissatisfied with this arrangement, and the chamber of commerce of Lyons, as we learn to-day, immediately deelamd that it would hare nothing to do unit the Exhibition. A Lyons journal adds that the eßater port of the manufacturers them hate given up the intention of exhibiting in L.•ndun." PONTEFRACT ELECTION.-TIIE NOMLNA- TION. Until ye.tcrtlay morning, it was not expected that any nnttc.t wuuld take plate fur the N•at rendered vacant ha the elevation of Mr. Martin to a judgeship, but early in' the day plaranl• :11101.31.01 on the walls calling upon the t Itetors to auppurt their old friend, Viscount Pollinutoll, wh. father, now the Karl of Mezhoruugh, represented the 'borough in several parliaments. The lion. U. Lowley, t Ithst no. of Lonl Wruleck, has been Wine time in lii e held wa a tanditlate. As to the show of hands on the day of nomination, that is looked upon a no pllllle whatever, the Tivoli of the electim dependinu moms upon the influence by pecuniary End other mean, which ran be briamlit to bear ujion the elctor, than upon anything e 1... There are about .00 thr•Hm on the register. nearly DUO of whom are pot•wallnpem, and the remainder voter , by ocrupation of soon thou IW. rvotal, en•ated under ti. lietortu Act. . . . . . The nonsmatton took place at 10 o'clock, in the Town ball. yesterday (Wedneml.)) morning. The Mayor (Rower lints% pr siding us rt urniaq officer. 'llie hall was 1111..1. and so the middle of the audience were a number of ills Is who appenred to lute 'A 01 drilled for emitting a ili.torhaiwe, for during the *hole of the proceedings they w hi.tie d, lndlossed out for " l'ollington, - and made till mann. r of lloSissasss. 11w whole proceedings were of mint Ilisiry and uproarious character. Lord l'ollingnm is wr re on the l'outinent, and is brought forward with out hn knowledge or consent, or thnt of any of his family. The court, hating been olc•nvl in due form, the proceed slings comments 11 by the• town clerk (Mr. Coleman) reading tM• writ from the Speaker of the lloume of Commons order ing a new t tei tiun, and also the art against bribery and cor ruption. The reading of the latter dorument excited rim piskr.lllle merrintt•ut and laughter amongst the audience. The Lord Mayor of York and sesend other gentlemen of influence wore present us the friends of Mr. Lawley; whilst Lord Pollington was represented by a Mr. Jefferson. a sehonlnastcr (nne of Brefeild Ferrand's supporters), and Rawson, a retired rag dealer. Mr. /IREEN, tallow chandler, rose to propose a candi datt.. The lion. Mr. Lawley, whom he was about to propose --(•• We won't have him ")—possessed qualifications which ermined him worthy of being their repreentotive.• lie was of an utnialtle and generous disposition, highly con nected, unilo w hat was better than all, a gentleman of in dependent spirit and of liberal principles—(applause, and much interruptiou)— and, should he be elected as their re presentative, would tin his utmost to support those great principles of progression and improvement—(hear, hear) — to which his father and his father-in-law had been so long attached. Mr. MOOREIIOUSE, of Knottingley (a lime burner), accotulcd the nomination, and amidst much interruption - ....... . poi,l it high compliment to the character, talents, and lie services of their late representative. Mr. JEFFERSON next came forward to propose Vis count Pollington. A gentleman near him rose and stated be was nut in the kingdom. (Cries of " Turn him out," laughter, and interruption.) Now the fact was that Lord Polling_ too was within a few hours' ride of this county. He would be down amongst them, and if elected be would SIM them. (Applause and cheers.) Mr. MATTHEW DAWSON, after reading a list of the number of votes given at different elections for Lord Pol (Merton and his father, seconded the nomination of Viscount Pollington. No other candidate being proposed, Mr. LAWLEY said he stood before them the advocate of liberal principles, which his family had always held. One of the first questions asked of him on coming to Ponte fract, and 011 which he gave his sentiments fully, was the aggression of the l'ope on the spiritual and temporal fiber ties of the protestant people of this country. He was happy to say that he found no one louder in the expressions of their opinions than himself as to the insofence and insidiousness of that aggression. (Hear, hear.) He did not, indeed, wish to see restored any of those penal disabilities by which their Roman catholic brethren had been formerly deprived of their liberties, as he wished to claim for them the same liberties which he claimed for him self. (Hew, hear.) The Pope's bull, however, he consi dered an infringement of the Queen's supremacy, and he should support any proper measurefor preventing it taking effect in brigland (" Hear , hear , " and a voice, "The game laws.") He declared himself in favour of a repeal of the window tax, and opposed to the substitution of a house' tax in licuof it. therefore he should vote for free and un conditional repeal of the window tax. (Hear, hear.) Ano ther subject alluded to to-day was protection to agriculture. As they had beard, every shilling he possessed or hoped to pewee was in land ; and therefore he must necessarily feel deeply interested in agriculture and its prospects. (Hear, hear.) But though his sympathies were with the agricultural interest, he had been for a long time, and was at that moment, opposed to any system of protection for the staple articles of food in this kingdom— (" beer, hear," and applause)—and he would assure them that he should resist any attempt to reimpose protection, for were they to do this, they would injure other classes with out restoring permanent prosperity to the farmer. (Hear.) lie concluded by thanking the audience fur the hearing him, hoping that they would carry him triumphantly at the poll to-morrow. (Applause.) The Mayor then took a show of hands for each candidate. A large number were held up for Mr. Lawley, but a still larger number for Viscount Pollingtem, who was accordingly lirto be nominated. etion. Mr. Lawley demanded • poll, which the Mayor fuel to commence at eight o'clock this morning. TIM TAXES ON CAIIIAOES.—A deputation of snsehinakere, who yesterday waited on the Chancellor of the Etchequer for the purpose of smesting a modification of the taxes upon e , after &Laing to the depressed nat., of the trade, and • owing the decreased revenue from this lOURC, proposed that, instead of the present high rate of taxation levied on upwards of twelve claming, to place all carriages under three classes only, at reduced rates, com mencing with 31. for the highest, V. for tho nest, and 11. for the lowest, exempting none, as at present, but aka/ging *ern at the lowest rate. Thy arrangem cnt, if adoptesl, would not, it was urged, materially Ws= the menus, whilst it would give the required impetus to nada. _ Tics Lamm. Baum have °warmed a com mits*, as wall as the ithipmaten and boastlin' "-house ka pus, in order to carry out their opposition to the late Mercantile Maria• Act. VW Court. The Queen and Prince Albert, accompanied by the l'rince of Wales, l'rince Alfred, Prince Arthur, the Princess Royal. and the Princesses Alice, Helena, and Louisa, left %%Incisor Castle at ten minutes before 4 o'clock yesterday afternoon, fur the station in Windsor of the Great IN ("tern Railway. The royal suite con , isted of the Viscountess Jocelyn (Lady in Waiting), the Hon. Matilda Paget and the Hon. Caroline Dawson (Maids of Honour in Waiting), Lord Dufferin (Lord in V. siting), Lieut.-Col. Hon. Robert Boyle (Groom in Waiting), Lord Charles Fitzroy (Equerry in Waiting), Hon. and Rev. G. Wel lesley, and Mr. Birch. A guard of honour of the Cold stream Guards, with the band of that regiment, was on duty at the railway station, and received her Majesty with the usual honours. The Queen and the Prince with the royal party, travelled to town by a special train, and on arrising at the Paddington terminus proceeded with an estort of the IGth Lancers to Buckingham Palace, where her Majc•ty and his Royal Highness arrived at a quarter before a o'clock. The Queen and Prince Albert were re ceived at Buckingham Palace by the Countess of Mount )2;dgecumbe, the Master of the Horse, the Lord Chamber lain, Lord George Lennox, Colonel Wylde, and the Master of the Household. A deputation, consisting of Mr. Hume, M.P. ,• Mr. Fors ter, M.l'. ; Mr. Andenon, ; Mr. Willcox, M.P. ; Mr. Hartle, M.P. for Glasgow ; Mr. Duncan M.l'. • Mr. Clay, M.P.; Mr. Moffatt, M.l'. ; Sir James I;uke, 'art. M.l'. ; Mr. Wm. J. Hall, Mr. Ogilby, and Mr. Morgan, ILul an interview with the Right lion. henry Lahouchere yester day, at the Board of Trade, upon the subject or the har dens and restrictions o ff crime the British shipping interest. . . . . Mr. Borthwiek hail Hn interview with tht7 . Chrnitellor of the Lachetp.u.r ve,terday, and presented memorials fn.= 24 plate-, signed 'V 3,4:*4 householders, praying for the repeal of the paper duty. A deputation, consisting of Mr. Westhead, M.P. ; Mr. Hrothertun, M.P.; Mr. Seboletieal, M.P.; Mr. linskedun (London); Mr. Stirling (London); Mr. It.. 11. Wyatt London); Mr. Cowper (London); Mr. Wooilerott (Lon ); Mr. E. Lowe (London): Mr. Curtis, Dr. Bittorbuntlt, and Mr. Robert., (from the Maneht,ter committee) ; Mr. Prosier (Birmingham); and Mr. E. Woods (Liverpool), had an interview with the Right lion. Henry lAbouthere, at the Board of Trade, yesterday, on the subject of the patent laws amendment. A deputation from the paper manufacturers, stationers, and printers of Ireland, con.i.ding of Mr. Grogan, M.P., Mr. Reynolds, M.l'., Mr. Cameron, Mr. Webb, and Mr. Heron, secretary to the society, had an interview with the Chancellor of the Exchequer yesterday at his official resi dence in Downing-street. The Duke of LTurciruch and the Bishop of London had an interview with Lord John yesterday at his otti cial residence in Downing-street. A deputation on the subject of the Mid-iient and Dover Railway scheme, consisting of Sir George Clerk, M.P. for Dover; Mr. Itice, M.l'. hor Dover; Colonel Romilly, for Canterbury ; Mr. Mathew Bell, high sheriff of Kent; Mr. W. Bland, Mr. George Cobb, Mr. J. Valiance, Mr. William Walter, Mr. Henry Ilugles, Mr. T. M. White, and Mr. E. Knocker, had an interview yesterday with the Right lion. IleitryLahouchere at the Board of Trade. Dr. Ryerson had au interview with Earl Grey yesterday at the Colonial-other. A deputation on behalf of the ballast heavers, consisting of Mr. fhomas T. Flynn (secretary), Mr. Henry Barthorp, Mr. Owen Mathews, and Mr. William Evans, had an inter view with the Right lion. Henry Labouchere at the Board of Trade yesterday. Sir Thus. Fremantle, chairman of the Board of Customs, had an interview with the Chancellor of the Exchequer yes terday. The Transatlantic Packet Station Commission held • meeting yesterday at the Board of Trade. l's_went—Karl Grasville (chairman), Hon. William Cowper, Sir J. Gordon, K.C.8., Sir John F. Burgoyne, K.C.11., and Capt. Sh•phen son Filerby. Lord Hobart (siert:l.:try to the commission) was in attendance. Ilia Excellency the Marquis of Nortnanhr (the British Amhassador at Paris). actommuned by nit. Marchioness of Nomitintiy, arrircd :it vonshire House on a vit•it to the Duke of Devonshire, last evening. The noble marquis ha. come expressly to this country to in vested with the Order of the Garter bestowed ou his lord ship by her Majesty. During the sojourn of the noble marquis and nun. Inont-ss in England, they will be the guests of the Duke of Devonshire. The lion. Mr. Joining hum art* as thane', d•utfaires while his Excellency is away from his diplomatic post. CABINET DINNER.—The Earl Grey gave a cabinet dinner lint evening in Carlton House-terrace, the dinner ein.le einneriaing Lonl John ItusAell, the Lord f'hantellor, the of Isinsdowne, the Slarquis of Chinrieartle, the Earl of t'arlisle, the Earl of Minto, Viscount l'aliner stop, the Right Mon. Sir ('hark, Wool, the Right lion. Sir (in•y, the Right lion. Henry' Laboucl7cre, the Right Bun. Fos .Houle, and the Right lion. Sir John Cam ilobliouse. The Right Hon. Sir Francis T. Baring aas absent from slight indisposition. Lord Stanley had a parliamentary dinner had evening at his gordship's mansion in St. James's-square, where the following mcmb•n of the House of Commons honoured the [wide lord by their company .—The Maniuis of Worcester, Viscount Newport, Lord Burghley, Lord Milston, Lord Henry Gordon Lennox, Lord Alexander Gordon Lennox, the Hun. Frederick Villiers, the lion. Upton Harris, the lion. William liag o t, the lion. Oct/tents Duncombe, Sir William C. Codrinsiton, Bart., Sir William Joliffv, Bart., Sir Robert Pigot, Bart., Captain Sumenset, Colonel Knox, captain Bolden", Captain Wynn, Colonel (lull, Mr. Dudley, Mr. George Itepton, Mr. Taylor, Mr. H. [Willie, Mr. Huss ard Vyme, Mr. Lowther, Mr. Hililyard, Mr. Start, Mr. Batesun. and the lion. E. Stanley. TUE NEW MERCANTILE MARINE ACT. —The Lords of the Committee of Privy Council for Trade have fur nished the Commissioner , of Customs with an Approved scale am-divan-. for merchant ships, issued by their lord ship. under the (itth section of the Mercantile Marine Act, and have, at the mime time, caused them to be informed that no regular medical inspectors have aa yet been up ' pointed by their lordships under that act, and that it is not intended to appoint any immtslEttely, and that there is, therefore, no present reamms for dispensing with such ser vie,w i n respect of medicines, as °Seers of the customs having hitherto lasso accustomed to render for the purpose of preventing evasion of the law. 1)K4TII OF THE I)OWACEIt VISCOFNTESS CASTLE- IlAlSZ.—llicd on Sunday hod, the 9th of February, at Maydrum Castle. near Athlone, At the advanced age of NS years, Florinda, Dowager Viseountess Castlemainc, sister to the late, and aunt to the preFent„ Earl of Clancarty. By her demise the present Lord Ciodlemaine come+ into possession of the valuable and extensive estatea of his uncle, the lute viscount, situated in the counties of Westmeath and Itoscommun. STRIKE OP THE BAILORS. The almost univereal discontent which some of the enactments in the new Mercantile Marine Act have oc casioned has at last manifested itself among the mariners of Yarmouth. On Tuesday morning several hundreds of them threw up their tickets and formed what is popularly called " • strike." They assembled on the Hall Quay, and having procured some flags and a few musical instruments, speedily formed into a procession eight abreast, and thus they marched round the town, and, gaining accessions as they went down the quay, at one time they mustered at least 1,0110 strong. Every day they hme met and paraded the town for several hour., and in the evening they have held meetings at the Royal Exchange, Quay. On St ednes day evening, at a meeting of several hundreds of them, a union was established, and upwards of .500 members imme diately enrolled. A public meeting of the shipowners of the port was held on Monday at the Town-ball, in pursuance of a requi sition to the mayor and magistrates by "a committee for superintending the affairs of the seamen as regards those grievances so bitterly complained of in the new Mercantile Marine Act." About seventy shipowners were present; the mayor (Charles Pearson, Esq., R.N.), in the chair. The committee of seamen attended as a deputation, and were distinguished by white rosettes and the medal of the Ship wrecked Mariners' Society. The men presented s memorial respectfully calling upon the owners to assist them in getting rid of those enactments and imposts which are causing such wide-spread dissatisfaction throughout the country. The meeting was addressed by several influential ship owners, who were unanimous in expressing their most un qualified disapproval of the new act, u being the most vexatious species of legislation to which either the owners, masters, or men had ever been subjected to. Ultimately, Mr. 0. Denby Pallper,the largest owner in the port, moved that a committee, consisting of six owners and six men, should be appointed to draw up &petition to the House of Common, praying for a total repeal of the act passed last session. The motion was seconded by Mr. G. Blake, and agreed to with only one dissentient. The men then brought forward the question of wages, but as the subject had not been entered in the requisition, it was agreed to request the Mayor to convene another meeting on that matter. Them has been a good deal of " mobbing " both st Shields and Sunderland. The mate of the Rockliffe has been very ill-used by • mob in going home from his vessel at the North Docks; 201. reward is offered by the Sunder land Shipowners' Society for the capture of the ringleaders. Two seamen who had attempted to sign articles at Sunder land were set upon by • number of seamen, hustled, and pelted with mud. On Tuesday a seaman was brought out of the Isabella, of London, lying in the Tyne, by a boat belonging to the watch committee, and, haying been landed at the low part of Shields, was attacked by a mob of women, amounting to allow 200, and very much mal treated ; in fact he would have been in danger of his life if some tradesmen and pilots. had not come to his moisture and got him into a public house, where he was sheltered until the police came to his redeye. A crimp named Hammond, who had procured some " half marrows" for • vessel, had to fly for his life before an infuriated mob of women at North Shields on Friday night The crew of the Peruvian have been sent to gaol for thirty days by the Tynemonth magistrates, on a charge of having deserted their vessel after signing artistes ; and the crew of the Don were taken on board their vessel on Tuesday, having ex premed their willingness to go to sea rather than to gaol. The boats of the Hecate continue on the river to protect' some vessels going to sm. The Trident has gone round to fiemderland to protect the Tenth in the Wear. THE EXPRESS, THURSDAY EVENING, FEBRUARY 13, 1851. RAILWAY MEETINGS. on the matters aforesaid, .and what steps in their opinion should be taken for the protection of the property of the shareholders, and that in the meantime the directors be required to abstain from entering into any new contract with reference to any of the matters referred to the consi deration of such committee." Mr. W. H. SPARROW, of Penn, seconded the amend ment. ruder any circumstances (he said) they could not very well be in a worse position than they now were ; they had been put otf with all sorts of subterfuges at meeting after meeting, and it sat time for the sharchulders to take the matter into their own hands. For himself, he was in a thoroughly independent position as regarded this railway, himself and his family having 1.5,0001 . in the concern. Mr. GEACH, of Birmingham, a director, supported the amendment. ire entered into a most elaborate and lucid review of the position and prospects of the company. point ing out with great succinctness what should be the true policy of this company. He condemned the aggressive character and the spirit which bad dictated the competition with the London and North-Western Company. He at great length explained all the circumstances connected with the recent negotiations with the London and North-Western Company. Mr. BENNETT, of Liverpool, urged the shareholders to place confidence in the directors. Mr. SYLVESTER supported the directors. His expe rience of the London and North Western Company, in the matter of the North Statffireahire agreement, was sufficient to have created an entire feeling of distrust in his mind with reference tee any transaction with the London and North Western Company. (Cheers and hisses.) Mr. AKROYD, of gtourbridge, one of the auditors, supported the amendment. He urged the closing of the capital account ; and he said the only hope for remunera tion was by an entire change in the management. Every thing connected with the concern was in a wretched state ; there is not such a thing as a cheque order book on the premise' ; I have asked for it over and over again. (Cries of " Shame " and hisses.) You have twenty-them engines in stock, procured at a heavy rate, and nine only at work. Mr. KNOX aaid that he should be prepared to submit the fullest explanations on all the subjects and charges in troduced by Mr. Akroyd ; at the same time he did think that it was a most unfair thing for that gentleman to have made charges of this sort, although at the audit of the ac counts Mr. Akroyel never asked a single question upon any one of those subjects of which he has spoken so strongly to-day. (Cries of " Shame.") In conclusion, as Mr. (leach had taken great credit to himself for disinterestedness, he would ask him whether he was nut at that'rnoment pri vately negotiating tbr the working of the Oxford, Worcester, and Wolverhampton Company? (Laughter.) Mr. GEACII—I could put Mr. Knox down in a moment if I pleased ; but he asked me a most impudent question, and, ine with all impudent questions, I shall decline to answer it. (Hear.) Mr. ROBERT SCOTT (late M.P. for Walsall) said that there was no doubt that the Shrewsbury line ought to have been in the hands of the London and North We-tens Company ; hut after the (nurse that company had taken, thuy had themselves to blame if they got the worst of all these squabbles and disputes. The time had now come when they (the Shrewsbury Company) ought to look for something more than a traffic management with the London and North Western Company; it must be nothing short of a lease or a guarantee. (Cheers.) After a great scene of squablding, confusion, and uproar, a division was taken on Mr. Chesshire's amendment. On a show of hands the amendment was declared to he lost. SHREWSBURY AM) BIRILNGHAM. The half-yearly meeting of this company was held at the Swan Hotel, at Wolverhampton, yesterday, Mr. 0. Goan, M.P., in the chair. The attendance of shareholders Iran very numerous, and the meeting excittsl immense in terest, in consequence of the agreement which the directors have recently eoneltukd with the Great Western Company, and the dissatisfaction which a large number of the share holders have evinced thereat. An abstract of the report of the director, hap already appeared in the Exprt as. The peal hav - ing been at t the reorktry of phare holden:, Mr. KNOX announced that there w... 0 an error in the ace° ants of some importance. The nuudx.r of pre ference shares in the hands of the company was 2,600, and not 2,000, as priuted in the report. The following " supplemental report" was then read by the Secretary : Your directors have had under their anxious considera tion the subject of the appointment of a committee of share holders—with the object more particularly of settling the future policy of this company, in its connection with the two great railways, the London and North Western and the Great Western. Many shareholders, who have shown their confidence in your directors, by forwarding to them their proxies, and are certainly not among those who appear pre pared to hand over to the Londou and North Western some of your present, and a larger portion of your future traffic, without its equivalent value, nevertheless consider that such a course would relieve your directors from the serious im putation of being supposed adverse to a fair settlement of the matters in dispute with that company. Your directors concur in that opinion, and will propose the appointment of a committee t - or that object. Your director,, believe that no further information run be laid before the proprietors in reference to the alliance for traf fi c purposes which has been formed with the Great Western Railway. The policy of that step etfairly before the sharehohl;:s. and your dint- I tors look with confideuce to their approval. The following communication bas been made to the London and North Western Company by the through traffic committee, ap pointed under the agreement with the Great Western, as the result of a correspondence between the chief Waters of the two companies for a settlement of recs. " Remiluti , m of Joint Traffic Committee of the Great West ern, Shrewsbury and Birmingham, and Shrewsbury and Chester Railway Companies, at a meeting held at the rad . dington Station, on the :ith February, That this com mittee will not ritommend any agreement with the London and North Western Railway Company, as to rates of traffic over the united lines of the Great Western, Shrewsbury and Birmingham and Shrewsbury and Chester Companies, unless upon the hasis of a complete *Atkins ut of all differ ences., and the withdrawal of all opposition between the Loudon and North Western Railway Company, and either or nB of the throw united companies. That this committee is of opinion, that all injurious competition, on the part of their companies and the London and North Western, ought to be avoided ; and that, to this end, arrangements ought to be entered into, bawd upon the principle of agreed on rates, by which a fair proportion hi the traffic to which each company is entitled would be secured to it, and by which, with a due regard to accommodation and convenience, the largest proportion of profit may he secured to the respective compaoies. That if such shall be admitted, as the basis of a negotiation, the Joint Traffic Committee will appoint a depu tation to mat a similar deputation of the London and North Western Company, to agree Mona the terms and conditions both as to local traffic and through traffic, upon a principle of discriminate rates, where such ought to lw allowed; or equal rate., where such can be introduced and maintained with perfect equity, to secure a due proportion of traffic to each company; or for a fixed participation in the traffic, within certain districts, or divisions of the line. That it will be indispenmble, as one condition of the agreement, in order to make au arrangement just and permanent, that a system of impartial arbitration shall have power to decide, after the agreement ix made, upon all questions of difference between all or either of the said companies. F. null' Bantam, Chairman of the Joint Committee ; approved on behalf of the Great Western Company, C. Russell., Chair man; approved on behalf of the Shrewsbury and Birming ham Company, W. ORMSBY UOUL, Chairman; approved on behalf of the Shrewsbury and Chester Company, W. WARI,EI.I., Chairman. Hereupon Mr. G Excit demanded a poll. Before this was taken, however, on the motion of Mr. Ald. ANDREWS, of Wolverhampton, Mr. ChesAirc's amend ment was adopted, the following tire names being substi tuted for those moved be Mr. Chesshire : Mr. Tarratt, of Wolverhampton ; Mr. Webster, of Hirminghain ; Mr. lien nett, of Liverpool ; Mr. Robert Scott (late M.l'. for Wol ball) ; and Mr. Ald. Andrews. of Wolverhampton. The report of the directors therefore stands over until the meeting in March. The proceislings terminated at half-past six o'clock with a vote of thanks to the chairman and directors for their attendance on this occasion. " It is uhvious that, if the negotiation proceeds, the sepa rate questions pending between your company and the Lon don and North Western Company must again be discussed and disposed of; and your directum will no doubt he greatly fortified, in nom course which your intermits ro quire them to adopt, by hiving the concurrence of such a committee. Its constitution is a matter of great importance. Your directors decline altogether to mime a number of proprietors known to be favourable to one 0111:114, of policy, to as t, it may be, with a like number known to entertain views (gunny opposite. If harmony is to exist in the committee, and between it and the board, it can only be by all parties looking steadily ut the interest., of the company, 1111i11- tiII...MIA by any other consideratioms whatever. Voila di rectors have inavrtained that thus re sae 40 proprietors on the register on the .4th instant (when the books were closed) holding each upwards 44,000/. paid stock in this company. So large a stake ought to be deemed a sufficient security that the true interests of your railway will be advocates! by them, whatever may be the extent of their int,:nan, in other lines; and your director.. TPCOMITICLId accordingly that the twelve of the largest of these shareholder, who will (upon application) eansent to act, be appointed the members of the foregoing committee. Your directors, in connexion with the Shrewsbury and ('heater Bead, also propose to select small local committees in Liverpool, Manchester, and London, from among the proprietors of both companies re sideut in these places who may be competent and willing to assist the respective boards in increasing the traffic upon their railways ' more particularly in their mime:lion with these planes. Your direetors anticipate much toad from this step and it is one that has 110:0111C almost 11(4 . vssdry by thus.. mensures that have been adopted to render the extent of the through traffic (itsdistinguished from the local traffic) on your railway equal to what yOU have always been led to expect.— WILLIAM OMMANY Gone, Chairman." The CIIAIItMAN rose and moved the abolition of the report and the supplemental report read at this meeting. The hon. gentleman next entered into a detailed sketch of the eimunatances connected with the rise of this railway in 1102, and its progress down to the present time ; here after he went on to remark that their line was about thirty miles in length ; but that although so limited in extent, it formed one of the moat material links in the great chain of communication thmughout the centre of the kingdom. They must rentember that whilst the local traffic might pay the expenses of working the line, the share- holders must look to the through traffic alone for a remune- ration for the capital invested. Now, at one end of the line they had a railway from Chester. and it was he who suc cessfully urged the North Wales Mineral to continue their line from Ithuubon to Shrewsbury in order that it might there form a esinnexion with this line to that town ; with this line they had formed a close alliance ; fur it must be re membered that they were to look not only fur traffic from the eastern and western coasts, but as far north as possible and south beyond the limits of the London and North Western line. To promote this policy, the direc tor; had exerted themselves; their alliance with the Shrewsbury and Chester Company was one that was mutually firmest and reciprocal in its character ; it helped them to traffic from the north, and by the agreements into which they had entered with the Great Western Company, it opened op to them a diner line to Dover without passing thr o ugh I, .1111011 ; and in addition to this, to Southampton, Portsmouth. and Brighton. by the shortest route. (}tear, hear.) It had been said that this alliance with the Great Western Company would be prejudicial to the interests of this company; but the fact was, that the directors were' borne out in all they had done by heaps of approbatory letters front shareholders, and especially by one gentleman who had a 20,0001. stake in the concern, and who said in a' letter to him (Mr. Gore), " Have nothing to do with the London and North Western Company." And as he (the Chairman) would remind th,m, that company had nothing to give to the Shrewsbury and Birmingham that they did not take from themselves • on the other hand, the traf fic from the Great Western lines" would Now naturally on to their railway without subtracting from the Great Winitens: therefore he contended this company was the natural ally of the Shrewsbury. The good faith, too, of the Landon. and North Western Company was most completely exem plified in the case of the North Staffordshire Company. (" Hear," and laughter.) Let them look at Mr. Rieardo's speech. It disclosed the most gross violation of an agree ment he (Mr. Gore) had ever heard of. In conclusion the hon. gentleman denied that by the alliance with the Great Western they were shut out from en tering into an agreement with the London and North Western. He denied, moreover, that Mr. Robert Clive at the last half-Yearly meeting gave any specific pledge on the subject of th'e directors entering into agreements with out the consent of the shareholders; if, however (he said), "you, the shareholders, choose to stultify yourselves. and to set your foot on agreements which we have entered into, and rush into the hands of the London and North Western Company, why then I say, good bre to You." Mr. Gore then submitted a formal motion fur the adoption of the re- port to the meeting. The Hon. ROBERT CLIVE, MX., seconded the mo tion. and repeated the denial given by the chairman that he had given any pledge at the last meeting on the subject of the directors entering into agreement,' with other companies without the consent of the shareholders. Mr. J Oil N VSSIIIRE, of Birmingham, nest rose, and in the course of a long speech entered into a detailed course of reasoning in support of the following amendment: ' That the further consideration of the report of the directors be postponed, and that this meeting, being dissatisfied with the present position and management of the affairs of the company, a committee of shareholders, consisting of William Tarratt, of Wolverhampton ; John Chesshirc, of Birmingham ; John Davis. of Manchester; Akroyd, of Stourbridge ; and John Webster. of Birmingham, be appointed to inquire into the truth of the statement of accounts, and all or any of the acts of the directors and their officers, which may be brought under their notice ; and into the nature and validity of all agreements made by them, particularly into the necessity for entering into a permanent agreement with the Great Western Company on the eve of a general meeting and in violation of a pledge, with power to inquire into all the circumstances connected with such agreement ; and also to inquire into the effect of each of the several bills which the direeton are now prosecuting in parliament ; and whether the same or any of Wit same should be supported or op posed by the shareholders ; and with power to re-open the negotiations with the London and North-Western Company for the purpose of averting continued hostility and opposi tion ; and either with that company or any other company, to enter into any negotiations which they may deem fi t for the benefit of the share tuklers. and with power fur any of these purposes to call before them officers, see. • • • • And this meeting to be adjourned to the lfth f March. when the committee should be requested to make a report GLOUCESTER AND DE 1N FOREST. The tenth half-yearly general meeting of the shareholder' of the above company was held yesterday afternoon at the Dell Hotel, Gloucester, K. Ham, Esq., chairman of the directors, presiding. The meeting was fully attended, in anticipation of the trunsaction of im portant business, the following special notice having Stun given to the shareholders.—" And notice is hereby further given, that at the close of the general business on the attest, named day the meeting will be made special, for the pur pose of considering and (if approved of) confirming an agreement entered into between the directors of this com pany and the directors of the Great Western Railway Com pany, for granting a lease of the Gloucester and Dean Eoreset Railway and works to the latter company, upon ems which will he laid before such meeting. ' The CHAIRMAN addressafil the meeting, and glanced at the original objects of this company when it was first set on foot, and the object which it now profesaed. in order to ac count for the provisional agreement which it had been domed advisable by the directors to enter into with the Great Western Company. The SECRETARY (Mr. Nash) read the directors' re port. The directors acknowledged the punctual payment of calls, mid stated that considerable progress had been made in the completion ofthe works, but it WWI feared that the heavy portion of the South Wales hne,between the Gramm and thepatow, and the bridge over the Wye at the latter place would prevent the South Wales line being completed iu time to open in the summer simultaneously with the completion of this company's line. The works of this com pany'', line would be ready for opening on or before the lot of June next. (Hear, hear.) The attention of the directors was now particularly directed to the making the branch line from the dock. at Gloucester to Overbridge. The Rosa and Hereforl Railway was an undertaking of so much im portance to this company that the directors had agreed to subscribe 25,000/. towards it. That would not require any increase of capital on the part of this company, as its bor rowing powers would cover the expenditure. The report concluded by glancing at the jiroposed agreement with the Great Western Corlllkilly, and by stating that arrangements had been made with the; Midland and Groat Western com panies for a joint station at Gloucester. The statement of receipts and payments read by the secretary showed the former to amount to 160,1071.94. lld. There had been paid iu parliamentary and law expenam 14,6191.; and there was a balance in hand of 1.5,065/.25.711. The usual formal resolutions, adopting the report, &c., were then passed, and the meeting was made apessal for the purposes above named. Mr. HELPS, the solicitor to the company, read the pro agreement between this company and the Great Wr c elern Company. Its substance was as follows:—The Gloucester and Dean Forest line to be completed by the Ist of September, and on its completion the Great Western Company to take a lease of it at a rent equal to per cent. per annum on the total cost. That on the completion of a railway from the Gloucester and Dean Forest Railway to Hereford, the above rent to be increased to St per cent. per annum, but this company subscribing 25,000/. awards the capital of the Hereford, Ross, and Gloucester Railway Com pany, who have a bill now before parliament. Should no Hereford line be completed, the rent of the Gloucester and Dean Forest line to stand at 4i per cent. for five years, nod then to be raised to 5 per cent. A good deal of opposition was raised against the proposi tion by several shareholders. Mr. H. BROWN, M.P. addressed several speeches to the meeting, contending, drat, that they had no data to proceed upon ; that there were no minutes of the inten tions of the Great Western Company ; and hinting at a breach of faith. Ile contended that but for the difference which had arisen between the Great Western and South Wales Companies, this agreement would never have been heard of. _ _ _ Other shareholders followed, and very different views were taken of the effect of the proposed agreement by the different speakers. Mr. PRICE, one of the directors, made explanations, with the view of showing the bond fide nature of the provi sional agreement. The discussion had not come to • close when the last train left. LEEDS AND BRADEORD.—The ordinary half-yearly meeting of the shareholders in this companv was held at Leeds yesterday afternoon ; Mr. John Nt'adaingham, the chairman of the board, presiding. The meeting was also made special, fur the purpose of considering a bill, now before parliament, for enabling the Midland Railway Com pany to purchase the Bradford Railway Company a stock and shares on certain terms; the principal of which are, that instead of continuing the guarantee of 10 per cent., they shallpny for every:AN. share 1001. ; the purchase to be con cluded within three years, or otherwise the lease to remain in force. The chairman cwressed himself strongly in favour of , accepting the offer of t h u Midland Company, as it would put an end to all agitation, uncertainty, and litigation ; observ ing that if it was rejected, the present half-yearly dividend could not be distributed, but must be applied to pay the demands upon them, and this stoppage of dividend would be a great hardship to the smaller shareholders. Mr. Mur gatroyd and other of the directors expressed themselves to the same effect ; after which Mr. Thompson, who opposed the lease, withdrew his opposition, and the resolution approv ing of the bill was carried nem con. The business of the half- yearly meeting was next transacted. It was confined to the scaling of the register, the declaration of a dividend after the rate of 10 per cent., to be paid on the 2-sth February inst., and the re-appointment of a retiring director and a retiring auditor. TILE MADRID AND VALENCIA RAILWAY. Yesterday, after fourteen days' continuous inquiry upon the charge against the directors of this company, under the act of parliament for the recovery, and for an recount of, the 106,0301, received by them from the shareholders, the ease was concluded with the defences of the Hon. Mr. Villiers, M.P., and of Mr. J. 8. Waley. Mr. Cairns, on behalf of Mr. Villiers, in • lengthy ad dress, relied upon the fact that none of the deposits had ever passed through the hands of the honourable gentleman, or ware ever in any way under his control. It was alleged' that the directors stood in the fiduciary position of trestesei, whereas it was merely a partnership forNgter or for went, and that the question was solely one of account. He also relied upon the Rpanish statutes, passed in July, 1846, which confined the functions of the English director, to advice and assistance as °erasion might require, to which terms, he contended, Mr. Villiers had strictly adhered. Mr. Gifford, on the part of Mr. Waley, argued &Gs no part of the deposits had been received by his client. He contended that Mr. Waley bad always done his dot, as • director. and had endeavoured to promote We interest of the shareholders. lie had always endeavoured to procure the accounts of the company and the division of its funds amongst the shareholders, in connexion with which there had been at different times various suits in the Court of Chancery (the proceedings in which were put in in evi dence), and to which Mr. Waley had been a party. Mr. Selwyn then, in a speech of three hours. comluded the case on behalf the official manager, contending that the grounds on which he originally relied in calling upon the court to make an order on the directors for the payment of the sum of 106,0301. had only become darker and broader than it was at first in the absence of certain doeu meuts and from the viva voce evidence of the di rectors themselves. By the original agreement between the shareholder-, and directors, of which the prospectus w as the proof, the nuinuttement of the company's aff.dn RAP to he vested in an English board, assisted only by a buard of directors in Spain. So far front the English directors hying as had been alleged a subordinate body to that in Spain, it was delegated to them not only to select the line of railway, but to negotiate the statutes that were to govern them. There was clearly no analogy, as has been inZsted on, be tween these eases and the MSC'S of acting and dormant part nen. It was the evident duty of directors so selected, with such emends° powers, on disassecring that the undo rtaking had failed, at once to Pet about returning the money in hand, minus the preliminary expenses. It was also clear on their discovering that the proper proportion of shares had not been paid on in England, and a much less than the proper proportion paid on in Spain. not to have allowed any money whatever, whether in the shape of caution or other money. to go there, for it appeared that the Spanish shareholders had given up the whole concern, and that. far more for tunate than the English shareholders, had had their mouey returned to them in full. The position of the directors, us had been argued on the other side, was not that of a aim . moo partners ip. It was nectxsary, owing to the difficult and delicate duty of conducting negotiati ~,, s in Spain, arising from a jealousy that, if it did not actuate foreign eountnes in general, inspired Spain in particular. that thew things should be done through a regularly appointed board of directors, and not through the general shareholders. The very fact of the obtainment of the Spanish statutes by the directors, constituted in itself a tlagniut breach of trust, since, owing to the total insufficiency of the shares that bad been taken up, they had no right to render the shareholders amenable to the Spanish government. This was the view that the courts above bad taken in similar matters, holding that, as soon L. it was evident that an English under taking for a foreign purpose had failed, it imme diately resolved itself into an English company. amenable to English law, and was consequently within the scope of the Winding-up Act, the directors having undertaken the discharge of a confident duty towards the shareholder*. It was not necessary• that they should sign any decil, but it was sufficient to show t'sat they had done such acts as bound them to the acceptance of the office. It was nut a question as to monies which these directors might have received, but of monies which, through their wilful neglect and default, had disappeared, arising nut only front 11011f,LIMUCC but from misfeasance. The chugs of nonfeasance was enough to establish their liability. In sup port of which the learned counsel quoted the opinion of the Master of the Rolls and other authorities in the caw• of trustees who were called upon as liable to account, but who sought to discharge themselves by saying that they did nothing. The first and general charge against these di rectors was that, although they had every means of infor mation as; to what was going on, that nes erthelesa they did nothing ; and, if the general charge of nonfeasance WWI not enough, there were then seven separate breaches of trust to bring against them, which not only hail au intimate eon , nexion with each other, but with the acts both of non feacence awl misfeasance. One of the first things that hap pened in connexion with the company was the purchase of shares in the market, which Mr.Waley, one of the directors, admits he knew of. This alone was an act of misfeasance, and it was a duty incumbent on him to have used redoubled diligence in looking into the matter, so as to have informed the shareholders knowing that this was a transaction in shares after the whole concern had proved a failure, owing to an insufficiency of shares having been takes up, and consequently the non-feasanee was mare culpable than ever from the fact of the alternative nut hav ing been adopted of returning the money to theahareholden. The real question was not what these directors knew, but what means they had of knowing, and liability extended to all where it could be shown that any one had either the knowledge or the wane of knowledge. This view of the law had been decided by Lord Langdale in the ease of a passive co-executor. These directors knew that these monies, instead of being properly iuveated in the Three per Cents. or paid into court under the Trustee Aet, or left in security at the hankers, had been lent without the authority of the shareholders by Mr. Chadwick to the Lon don and South Westent Railway on the personal security of the directors of that company. None of the directors appeared to have inquired, whilst some of them alleged that they knew nothing about these loans to the South Western Company, or how they were to be repaid; but they one and all said they could give no account of the transaction. The purchase of shares with the company's fun& was ne, attempted to be justified in the defence act up for the di rectors. It was a palpable fraud both upon the English and Spanish shareholders:, and the result of the transaction was—first, that the capital of the company, originally grossly insufficient, was diminished to the extent of all the purchase money paid in respect of these shares ; 2ndly, that it was diminished to the extent °full future calls on the Aare. that were so bought up; and thirdly, it enabled the dine ton to exercise a power which they'had no right to exert's.., but which they did exercise, that of actually using the shares thus purchased with the company's funds to outvote the share holden at their general meeting.. Those fictitious purchaser of shares having been actually purchased to in duct the Spa n ish shareholders to pay upon their shays. The directors, moreover, rendered false accounts, in whorl the shares so purchased were placed amongst what were re presented as bond, file shares, uud, according to the decision of Lord Eldon, these gentlemen would he liable on the ground of concealment in their giving only one-half infor mation to the shareholders when they undertook to give the whole. It was a mockery to represent that the share - holden had derived one iota of advantage from the loans to the South Western Railway they had never re caved a single sixpence from them, and the real object of those loans was to inereao the personal intenart and importance of Mr. Chadwick with the South-Western Railway. There was nu justification whatever for this loan, particularly when it was remembered that only 5:1,00 , 1 out of the 120,000 shares had been paid on. A glaring breach of trust was the unauthorised appointment of Messrs. Pocock and Palmer in persons in whine name money was placed, and who had power to draw by chenue.. and the astonishing argument on the other side had been rosined to, that the appointment of these gentlemen. in whose names it was alleged the money had been placed to prevent an attachment, only gave an additional security to et, whereas it was well known that had the money never been placed in their names the shareholders would not now have to deplore the loss of it. It was at this , juncture that those directors who might be presumed to have lumen intentions were excluded from their councils, and that gross frauds were commenced and committed. But even had the directors at this period used reasonable diligence the catastrophe might have been prevented. Under the present priset's every person had a common interest in getting back his money, and it was with this view that an official manager had been constituted under the act to enable them to do so. lie, the learned counsel, could scarcely trust himself to speak with reference to the objections which had been made on hehalf of Mr. Chadwick. (Laughter.) The strongest term, that could be found in the vocabulary would seareily be ade quately expressive of the contempt, disgust, and indignation which the ahartholdera in the Madrid and Valencia felt towards the man who had so shamelessly betrayed them. The man, who having been trusted by them to a certain ex tent, and by his co-directors to a still greater, absolutely be came dictator to the company, got into his poasession most improperly, or into that of his solicitor, all the book, and papers of the company, not for purposes connected with the company, but for the purpose of defrauding and defeating the just rights of the shareholders ; and, not content with that, instructing his counsel in court to give an undertaking not to part with the funds of the company, at a time when he had actually parted with them all. This only went to maks the case one of deeper and grosser fraud ; and it really was a strong illustration of the leniency of the law that a man under contempt of court, and who had swindled the shareholders out of so large a sum of money, through the default and neglect of his co-trustees, could not be con signed to another and a very different sort of juri.dietion. After some further observations on the details of the ease, the proceedings were adjourned for decision. An impres sion generally prevails that his Honour, in giving judgment, will direct an order for payment by the directors of the sum charged by the official aoaciagor. PETITIONS FOR RAILWAY AND PRIVATE BILLS. GREAT NORTilegg RAILWAY.— The standing orders were complied with in the awe of the three bills of this company. The first bill proposes to enable the com pany to raise* further sum of 74,0001. by new shares, to be considered the same as original shares, with power ID borrow on mortgage such sums of money as shall from time to time be authorised to be borrowed by an order of a meet ing of the eompany, provided such sums of money do not eaceed in the whole 2.5,0001., in addition to the sums they are already authorised to borrow. The bill also prow an enlargement of the station at King'sceross, the in.iprove ment of the approaches, and diversion of the Old St. Pan- I eras-road there ; also a deviation of the line at Weston, in Idey . and Wakefilcl, to co Nottigha nnee n tw m ith shire—s the to bi tio n n e. s ahtit'olti n. and 1 orkshire Railway there with a branch railway from the Ponta fact and Goole Railway to the corn warthouselt I at Wakefield. The second bill is to enable the company to make communication between their line and that of the Manchester, Sheffield, and Lincolnshire Railway, with • I branch railway to Grimsby Decks and a branch and station in Sheffield, with power to raise 60,0001. and power to bor row 20.0001. The third bill proposes to enable the company to make a railway from Mlktertou, in Nottinghamshire, to Rossington, in Yeerkabire, and to divert their lint near Gaineborough. Parliamentary agents, Messrs. Dyson. ROYKTON AND HITCEIN RAILNLY.—The standing orders were complied with to enable the Great Northern Company to catend the Royston and Hitebin Railway front ghepreth to Cambridge, and to make communication with I the Eastern Counties Railway, and the Newmarket and Chesterford Railway. MIDLAND RAILWAT,—The standing orders were com plied with for authorising the purchase of the Leeds and Bradford Railway, sad to empower the Midland Railway in lien of raising 1,000,0001. by mortgage to create new shame for that purpose with preference dividends. Parlia- , merino, agents, Messrs. Pritt sad Company. e nam m e r,..r of l tlu oin se d eme r a , n . y on to th tl n ie ut Li e CANDNUN . B COALS/DOE AND LOCOED/I RAILWAY.— z a h . 0 for r eo iw al co sa m S p Lail on wa w y The standing orders wore eomplied with for changing the 5Yt years. CALEDONIAN RAILWAY.—The standing orders RCM complied with to enable thi. company to lea" the Mother well and Liamahargo ftraneli ltailwar, and to enable them to enter into arrangements with the holders of guaranteed and preferential inter, ta, and w ith each other, tor the ap portionment of the net revenneq of the undertali and to borrow a further euin of 600,009 f. l'orlitunAltary arnts, Messrs. Grahame and Vl'eema. RLITITIAI4 CENTRAL RAILWAT.—The atantling orders were complied with to enable the company to raise an addi tional sum of 2911.000/. by the creation of new *bares. MON II LAND RA I LWAT S.—The standing order. were com plied with in thiscase. Tits. SUNMARINE TELECIDATII COMPANY'.—The stand ing orders were declared to be complied with in the case of the Submarine Telegraph Company between England and between England and Ireland, and the European and American Printing Telegraph Commtny, all proposed by Mr. Jacob Brett, the patentee, of Hanover-aqua.*. l'arlia , mentary agent y, Messrs. Dyson and Co. PARISI( OF CICRISTeIIt Rel, SOCTIIWARK.- -The stand : ing onlera were complied with in the ease of tI , L. bill, to I empower the trustees of the will of John Marshill, man, deceased, toalter, improve, or rebuild the pga.l.i church of Christchareh—the church to be completed within four years, with power to erect additional churelnw, thapels, and schools, and to burns on mortgage 20,1.1101. Parlia mentary agents, Messrs. Dorrington. THE SPANISH BONIMOLDERS AND THE PROPOSAL OF THE SPANISH GOVERNMENT. Yesterday a meeting of the holden. of South& Bonds wax Weld M the London Tavern, to tuke iota rmtwi+le ratinn the proimml of the rimini.h mitti•dem for the :oljted ment of the oli ht. The meeting was nuint riluOy :Mended. Mr. Jammu l'aert, the chairman of the ruitimittee, %as culled to the choir. The CHAIRMAN Mill the adv;rths•ment calling the meeting had been first inserhd in the paper: on stoeolay, anti they litui been called together on so shon a notice be allele it WWI nceesstry it should at once sseetained whether they would are (it to approve of the plan of pro ccedin4 chalaed out by the committee. The committee had extonitted this proposal as compared with that trade in the first instance by Bravo Muriho, which appeared in tho Madrid Gu.:rtle m May lu.t, and with tile resolo tions tome to by the bondholders on too 'ISO' August. They then resolved that the committee Ire authoriaed to enter into are arrangement with the Spanish government that fin. every 100/. of inock and 10 years of coupon., being 501., there should be given LW. &mitre stoek. to ono:nonce interest on the Ist January, MI, at I per cent. is: annum, the interest to increase at the rate of js. per rant. evcry two year until it became 3 tier cent. Now, they it 'tee hy the terms proposed that instead of raising tit • inh•rest of 1 per cent. at the end of two years, the Spotith gos • rnmeot proposed to raise the rate at the end of four y.-a:•, th-etiect of which would be that they would get h per,' , ..:. in 19 in stead of in 17 years, as pomosed by the rommistee: and instead of lOU per cent. far * the coupon., the Spatti.h go vrrnnwnt only olTered :to. With regard to the Eastken they made a different provision altogether from that a h the committee had asked for. The government proposed to apply a sum of money annually to buy it up, the sum to lie an applied being 120,000!. sterling per annum, in addition to which they were to be payable for national property. Now the stock which Spanish eapitulists used to buy up in our market will be converted into a stock that cannot he applied to that pur po.c, the consequence of whirl, will be that tin y will have to resort to the passives 111 , 1 V and in Spain to pay thr that aros rty, in addition to the 120.000/. a year for redemption. There was another point which mane gentlemen thought a situ yrus non, that the dividend should be made 'linable in London. The committee did not know whether it was to be made payable in London or not. Ile had written to Mr. Weswedler on the subject, anti he should :nisi., them to carry a resolution making it a pros i.ion to have divi dend payable in London. lie had made it hi. boldness; to inquire nt the Spanish agent here, and from the in formathm he gave him it appeared there was large amount of debt not telying interest, about 37,poo,uuet. sterliatir, provisional debt, not consolidated, and selling in Madrid at about five per rent. Mr. Cape! then rend the following letter, which he had written to the Spaneds ninth:ter on the subject. .• Excellent Sir,—As chairman of' the eommitlee of bond- holden of the fiort;iwo tleht of Natio, I have the h.motir to :ultimata your Mace Heavy, and to owe., tat the rift of the committee, their great aatisfaction at the apprecitualiOß of the project of law prowniteil b y your Ere. Wiley ill the ..• . • . .- l'ort.c., for the settlenient of the istildie debt ssf Srpain, to the tenns proposed by the honilhoblors, at the pule': meet leg in London on the 2t4th .tumest, IMO. lion over, On the plat of the committee, I hale to express , their mg, so that the teems are such that they cannot wholly recommend theta to the aceeptant aof the bonolholders. They have called a meeting of the bondholders for Wednesday, tin 1' . 211i inkt., and it i- the intention of the committee to rmisseinssnd them to ~.siss:st the terms, to far a% the capital of this Active Debt is COnllt nos!, and they hate no doubt that the it's ins: Ow the Passive and other stocks, not pac;ng int. reos. will he lip proved 01, with the exception of this coupons in arn,sr, the terra, for which the committee canoe 114,111U11 MI :lir acs iseptance, and which, if they did re oniniend, a ould he re- I jectid by the Ismllldilers. " Tit- commitUss adhere, and reeommend the Is suelleolilere to adhere to the claim of an e q uality of mitts tin 'lt tin' the tampon. with the comae', viz., 1101. of the 11l a stock for t very Illef..sf coupon* given up: and when your Exes Ileney bsur• in mind the origin of this ileht. ari•ing thou di, i.ls us unpaid, and which should have 1)(1,1 paid le.sidarly every half-y,ar, and that these dividends so impaisl lase sme due upon stock, which by far the wean r part el it had, in the year 1831, been reslueed one third in it, capital. or 31 per tent., surely your Excellency will perceive ths• jtl.ii".l 111111 rea•tiniblenisss of the claims that the debt uri•ing from un paid COUII.II/1. hhould he placed upon an equality with the capital, :.ed a full simount of the new snick should 1... issued fur both. I beg to represent to your Exeelleney that what I am now on the port of the bondholders urging on your Excel !. ney 'ls us:rade:rut:ion is not much in aildit' to what your Excellency has proposed, nor for a great country like :Spruce to grunt, and that with the graslual increase of its n lenues, turd the further great development which the I,ttlentent of . the dent would induce, the additional charge which a con,- plianee with what is now testiest fur would incur, would scarcely be felt. " Trusting that thews consideration , which I have pieced before your Exc elbows will induee your Excellency and the government over whijh you preside to amend the project of ' law now before the Cortes, according to the terns bailie:de& in this utter, so that the bondholders may without hesita tion, and with art-Lunation, accord their eonsent to the tense of uliastm•nt of the debt proposed by her Catholic Majesty', goy..mime-at, I have the honour to by, oftc., JAVata ('test., " Chairman of the Cutiltilittee." The CHAIRM A then proceeded to advise the Iti=l not to use streig language in their pnaectlinp that day, ZS if they wont( d to make better terms with the Spanish go vernment they must abstain from annoying them. To hita it was a mutter of very little conse•queuet•. He held s curn taro portion cl stock, awl to idler bought nor odd. The 'Alter which vame to him on I•'riday come by special courier, which nest him 1201. Ile received the letter from Baron Rothschild, nod at once promulgated the contents of it in the market, and no one had time to du a bargain hie; ire the contests were made known. A BONDHOLDER inquired if the chairman could give them any information as to the ett•ut of support which their awn government was disposed to give them. The CHAIRMAN replied that he had information. but he could not communicate it. Their agent, Mr. W . ...m . 611er, backed by the Dutch agent, Mr. Weirton., was doing all he could fur them. A lIONDIIOLDER asked what amount of the Passives had Men cony( rted into Actives since 1836. The CHAIRMAN said, the agreement was, that when a certain portion of the Actives was redeemed, a certain por tion of the l'avaives was to he taken in, but they would bear in mii.d that not only no portion of the Actives had been redeemed, hut that the interest Lad not been paid. The chairman thr:s moved the first re elution, which was to the effect that the bondholders approve or the principle on which the terms are made, and express their satisfuetioa at the close approximation to the terms required by the bondholders on the 22nd August, 1840. Mr. JESSEL, in seconding the resolution, stated his opinion to is that the Spanish goveriunent had the means of paying, bat that it had wasted sonic of those means in sending an army to another country, and to put down the liberty of that country. (.' Question.") The CHAIRMAN remarked that they had better not p into that. .. • . . . . Thu rewict..n wnq then carried with but two disAentients. odor resolution,' declaring that the coupons ought to to converted into stock ut the full amount, ex pressing satisfaction et the efforts being made by the home ertditors in Madrid to have their claim,' allowed; that Mr. Weeweiller be instructed to lay the eluiuts of the English bondholder before the Spanish govenonesit, and that the regulation , with regard to the passive debt be seceded to. were also pose d. Gen. Sir 11. BAILEY moved that in order to mews Ihe claims of the bondholders they should have the right to ror serve all the claims which they now have, in caw• the con ditions now proposed by the Spaniels government be not fulfilled. The CHAIRMAN said they knew what that amounted to. If the government would no ecp faith all they could say would Lot make them. IT. *ally believed, however, that the government meant to keep faith, and the terms the bondholders had acceded to, coupled with the improvml tsolittbn of the Spanish flitanwo, would enable them do vi. Vote. of thank', to Mr. Wesweiller, ti Baron Hottuschild, and to the choirman and etaarnitwe were then paarrd, whisk (howl tb6 rroceediags. PUBLIC SALM Fire. 12.-13 y Mr. GAILDINEK, at Garreway's.—Lease and goodwif.l of the Queen's Arme eine and via- Alishment, Albert -terrace, Knightsbridge, held f.,r Y.; reale at 1541. per annum ; furniture, tizturm, and Ytock to be taken by valuation—knocked down for 3,6701. Mr. L. Davis, at earraway's.—Lease of the Powe public-home max the Dockyard, Woolwich, held for 20 years, at 271:-6001. Leasehold premises, Somerset-place ' Camberwell New read, peoduong 1201. per annum, held for 16 yeses at C/91. 10,,.-34W. Kr. Peas's, et the Hart,—Stz Crech gr yatelda d • piece of laud, 1( feet by 9 0 . on tke (if...valued, the esttugus producinteas. 1. • . 14601. r, -,