The Express. — London, England, 1850-02-15 00:00:00

-- must tare peimd an opportunit give it In a 'lemon. There is really o other yto way of amounting for what has happened. For es to Mr. FINLAY and id. ruin.), the Wets of Stags and Wisdom, so oas esrele will poleninly pretend, with at least any pros r" d of belief. the' we have gone to war far them. It his King Ovuo been about P His Maj sty j .. „ c oo lie& e nough,LollDOS. knave enough f or suything. Have t hey . been plott in g new on upon Turkey. in understanding with Austria and Kumla ? Oar I. num government is egeduloas, cow 'owl . , and sue.eptible enough to entertain any ' opinion. or to prompt the wildest acts. But surely neit her SirWARD nor Mr. Fluent, however demente d or petv.sh, oould persuade the Admiral to tireike the even tenor of his way, tulles' there was peasething at bottom more important than the g round -rent of the King's palace, or the fee simple of a few rocks. A. to the debate in the French Assembly or in the Eng WI parliament . , or to the very natural fumes' of the prom r.il over Europe, it would be gaits' time Ice to di.cnss them. We may leave the Mornay Po.' and Lord ABERDEtN to diecuss the geographical que.ii. n. Such a solemn our of triflers are well worts of etch other. And we feel quite certain that Lord Patlarasrog, in gravely discnasing the line of dintircation through the Archipelago of islands, is • ammid at the wrong and idle went upon which the pandits have set off in such keen research. '11:e French, we tear, will not be so easily bom b:l(7lA. They hare already been tricked and ballad most egregiously. M. FISCAToIY delivered a meat foriou• anti-Anglican speech, the whole effect of whisk was dc-troyed by the announcement that England bed accepted French arbitration. The Freuch ministers de clares! :hi) had beio)me judges in the case, and amid no' tinture to speak. Ina few hones alter, the Freeck public, will have learned that this arbitration merely meant •'good °theta." and that Gcneral liatrreout, le veed of arbitrator, was only empowered to recommend Kiog Onto not to be .o violent or defiant. Wedge* say that Load PALIIERsTON was able to inform the French foreign mini-ter of the true reason of this times menace to, and vengeance upon, the Greek court. And as the French government is interested that the Greek cabinet slnu:d not become altogether • ocond fiddle to that of St. Petersburg, we have at dcuat the French can give very good and wholesome advice. 'reit with this sane or supposititious solution of ti. liusanees, we do not the less condemn our con do, s, unwarrootoble. The most faulty system of government in the world is that of a protected awe ttigr.tv, eepecis.ly when the protection is affwded by several foreign powers, all with conflicting interest,. The roverriin to the position of King OTHO cm away► have recourse to his protectors gine: his ',object', to his !objects against his pro- Wetors. to one protector against another. And thug dating bet , ..o all, he has done his duty to none, bferlie in reality he fears tone. lie levies the eery extreme of texts upon his subjects, without paying' ' tree L. itare.r. of his debt to hie protectors. On the Norte, :twit he s to as an incubus, rucking neither pOrl!ari.y. nor good government, nor free 'petite tin oti the fr.endship or the councils of a c• ti. tr iobil power like England, and sinks into the giros of Rd.- a. bemire she will entice him to Erni sad tr rely on cotruptien, instead of laying the foundation !er the future freedom, independence, p. o ep e eity, cud cre.tness of Greece. A king tr.d-r the protection of one power, is but a puppet ; neer- e protection of several, be is but the fertile so ir.r of rivalry, and perhaps of war be tween this_ The or;gieal fault was in having toweled st.i.'t a m mart h 7 ; and one of the coon aetees MO being obliged to administer to it a spec . ' ,weans which all Europe will mimeos strew to eur d *Avatar, and of the disguised nature of which tt, Greek mart will take advantage in order to aw..n.e the character of martyrdom and in jured ;newel. C. Now !be• 'be 'nuns to divert pablie attention from ! t e e• of dutch reform, by obscuring it in the chui of a tort Ode discussion, is over, it is, per be '. p,s• t, rotors usefalv to the consideration of the mini•:. tiel bill for the 'Potation of the ended small row c:,-ioa, which has been read a second time it the f Lord,. r lhriag .. nrent debate in the Commons it wan sawed ..m.s.t in terms, and certainly in inference, by !be Hcnw S.vsetary, that the provisions of the bill 02g1t at 1.a.. to come up to the reeommendstione of the Cam's s elmm:ttee of 1848. Tried, then, by this Esndsrd,l: e miniverial measure is insufficient. Tt ee r. commended that the ecclesiastical dainv o' t a ”orumission should, as far as possible. be seir.r.ted r the management of its property. For tt.le putpnee they suggested the appointment of a am comm.ree of the commission ; that three paid cianni4oo is eh 'old be appointed, two by the man. rnr hr the Primate; and that the presence of eat of the re 4 e , mrsissioners at the committee should be ind'e, , ,en,nle to the transaction of business. The hill bwore the Lords substantially evades these raommeed whilst apparently carrying them oat. Fur, inevad of three paid commissioners, it lothorisew th appointment of two only, one by the tromp and the other by the Primate, and thus tettrali-es the power which it was proposed by the tommilee 4houla be conferred on the Crown Com zaise.ocers, wno were, of course, meant to represent the pchlic. It c - netitutes a " small " es'ate commit tee t composed of these two paid commissioners and et retry 4.1 the ordinary commissioners ; and thus makes a majori7 of three to one on such committee in favour o. church management. But even to the cornai•tee eicomposed the bill does cot assign the adrc:: ibtraiion of the p•operty ; it limits its duties to "consider " all matters relative thereto, and to " re port fully trevespon " to the ecclesiastical commis sioners' vaunt:tire and by the commission itself the propaty i. t 6ealt with. These pr.visions do not, it will be obvious at a glue', carry out the recommendations of the etariamOte : ar,cl they contain in themselves no ade quite seeur.l for the better management of the pro perty which has been so scandalously and so erase*. papally aburad. The object of the committee was to Papery« the administration of the property from the endeel.e.ticial affairs of the commission aid to place it salietalitieily in the hands of three paid and respon sible lsyrnen. The object, apparently, of the bill is to keep both property and ecclesiastical affairs in the Lande of the bishops. It is Lot, therefore, to be wondered that the toads no o pposi tion to the measure on its aesemi li tM, his in the lards. It is not, therefore, sargehieg that, thnoeh charged with the serious misappropriation of property c'immitted to their custody, they should have ken extent with silence, rather than draw attention to tie details of a measure to which they can have no its'. objection. For, of what use will be the union of tli- episcopal and the capitalsr funds into one EvirraLn fund, if this general botch-pot have to re main in the control of the bishops? What security is there thatch. y will not as much abuse the common hate they have misappropriated the episcopal fund? It is in valL that this fusion will take place, if it have to nitric pro'ected from, and influerced by, the bieLope. Situated as the bill will leave the property tte commithion, it is just as liable to be squandered on Pew . v. lilting, or ornamental gardening, or to be laid on• in 'nun tug new bishoprics as ever it was. And tEr only proper security against such abuses of it, t, deprive the episcopal portion of the como.i,et r all power over it, as was recommended by tut roatn.i . tee of 1448. But ti.e .ill, in other respects, contains episco pal and cspito er job% o f no littl e magnitude., For,' pending E, duration of the bishops' coommimiss, which ban Low lasted in silence for several years, it authoritee ti.e ecclesiastical commission, that is, the hemselves, to secure to nob other fixed in comer, instead of the fluctuating incomes whisk many of them ory Ltot afflicted with; and it abets to ram* all dothte ae to whether the tooleniaMisalemnadreismen 11 !vo t`.• • 'Ater to endow certain deaneries with mere 442 I ' O . O . s yt ar, by increasing their madeemsais beyoul vicy liberal anemones. The advantage to 1 . 4 taw' fy gained by the *imp is, el= anwis ~ g h ; bet a littl e ex ea i. I. otpo* 114 paws of the intended Dossed hpf sib. lb. & 4 Vier. e . 113 , 5. 66 , t h e Means* of the Geste .it the Beglish cathedral churches are, with UM except of the deaneries of Bt. Paul's, West- Intuatar, lei, barn, and Manchester, fixed at 1,0001. a Test. No. , by th e 4 & 5 VIM.. 36, IL 20, Wined ecretion wan tZ:site the eseamionissers as to the bode of anti Mecums hat this alteration la 14 1 _ n "'ch payment was not Winded to raise those "Kvuttb to the that " e language of the section states, tha t "loth of d payments and reeelpta, may from t, in say case be revised, sad, if mod be, varied, so as to preserve, as nearly as nay be, the in tended average eantial ineeaws respectively." Ia other words, the male of payment aught be varied sad altered, so that the imams 111111121110 d about 1,0001. a yrsr. Yet, in the lase of these settatments it is proposed by the bill before the Lader ander the flimsy pretence that them are doubts about this latter ovation, to re peal the settlement made by the first mentioned set, as to the Deanery of York ; to raise its Moses per mausatly, from the 1,0001. ayes', which the suesessor to Dean Coo:straw would become entitled to, to 2,0001. a year, sad to augment tee Moome of the present Dams of Salisbury, and of Wells, by 5001. a year each. This is not only a job, but a very andacionajob. Parliament has already flied the income of the pre sent Deans of Salisbury and of Wells, aid of the future Deans of York at I,OOOL a year. Yet, here have we ministers, by raising doubts where the words of the act are so plain that he who eons may reed, proposing to undo what parliament has done, and to waste the funds of the church on giving these deans inordinate incomes. Why, let the House of Commons only encourage ministers, by adopting this papal ' lion, and, under similar pretences, we shall, step by atop, have every reform of the Church Temporalities Act rcpealed. To appeal to the 'House of Lords against the pro posed repeal of what was a fundamental and a very liberal stipulation in the Church Reform Act, would of course be altogether useless. But, as this bargain was essentially made with the House of Commons, this surreptitious and dishonest attempt to delude it into a variation of those terms ought to teach that assembly what the intention and the object of the whole measure is. Under the guise of church reform, it is an attempt to confirm the power of the Whops, and to augment the incomes of deans. What faith can church reformers have in Sir GEORG' GREY with each a bill before them P Faint the tone which pervaded the conversational observations made upon the introduction of the bill extending the Irish franchise, we may per haps also assume that no serious discussion is likely to wise upon the second reading. It is part of the tory game to affect candour and mo deration ; and merit will be made on this score of the forbearance which abstained from taking a division on either of the primary stages of the bill. But in committee it is said that an amendment will be moved, the effect of which, if carried, would be to limit the exercise of the suffrage to those who occupy lands or houses valued at 201. a year. Throughout the greater portion of Ireland the poor-law valuations have gene rally been estimated at about one-fourth under the fet ing rent; so that a 151. rating test would, in point of fact, admit but few persons who do not possess farms' or dwellings for which they pay 251. a year. In the thirty-two oonnties of Ireland, this would not give a total constituency of 120,000, or an average of less than 4,000 for each county ! Against this renewed mock ery of a popular suffrage, every man who effects the faintest shade of imperial justice or equity, will of course record his veto. To create a set of snug Chan doezed electoral bodies, one half of which would con sist of the landlords, and their immediate retainers, while the remainder, from their numerical vreeknees, most obey the bidding of their Orange masters—this were infinitely worse than allowing the scandal and iniquity to remain untouched, in all its undisguised enormity. The Stanleyites do not expect to m eke much of a fight for such an amendment in the Commons; but they are sanguine in their hopes of carrying it in the Home of Lords, and to this end they will poll every reckless adherent of the party whom they eau perm into the service, in the lower hone. To meet the, the only effectu al way is by . a decisive preponderance of votes on every division in committee. We trust that liberal members, whether English, Scotch, or Irish, will not be found wanting on the °cession. The franchise 'wormed by Sir WILLIAM SOMER VILLE is limited to the occupants of holdings valued at and ab)ve 81. We have always contended that even this is too high a pecuniary test, and that no arrangement is likely to prove permanently or gene rally satisfactory but that which would recognise lia bility to the payment of rates of any amount, whether large or small. To this it must, sooner or later, come throughout the United Kingdom. Meanwhile let its secure every substantial instalment of the great debt due to the nation ; and as a means of future good let every radical reformer aid in pass ing unmutilated, if sot improved in committee, the Irish Franchise Bill. FRANCE. PARIS, THURSDAY, 6 30 . r.ll. After your report of yesteidiy's sitting of the As aetubly was despatched, M. Thiele' went on to say : If Amain be free, England is alsofree, with more prandeur, and for a longer perio4. (Bravoes on the right.) Y. Thief" text presented general considerations on the law. It did not deetroy the university nor secular bistruction. The com mittee framed it is conformity with the conetitutioa, which proclaimed liberty of instruction. 1" Not for the priests," , cried a member on the Left.) "Liberty for everybody," replied M. Thins, He was not originally • p.attisan of that principle but he had accepted it se he bad the republic— not from choice, but in obedience to the laws. The 'constitution permitted every cdtiaen to teach, pro. tidied he gave guarantees of morality and capacity, and accepted the surveillance of the state. A member had read rime days ago passages from • work used in each elastics' secninarie, is which the imperial armies were traduced in the most shameful manner. If those works bad been submitted to the revision of an independent council, that abuse would have been obviated. If similar books,' advocating monarchy, wen now placed in the hands of yeath, would there not be a general outcry against the goverment ? M. Thins then proceeded to describe the advantages public instruction would derive from the compo sition of the Councils of the University. The clergy, he said, cannot ituipect themselves ao more than the secular professors ; and the constitution wisely provided that both should be planed under the nireeillancs of the state, which was superior to all. A party he knew understood by the state IMO who professed their politi-al creed. (Murmurs on the Left.) The committee could not be charged with injustice for introducing four catholic archbishops sad bishops into the High Council of the Unites ally. That number wee not even in proportion with the immense majority of the catholic population. M. This.. had lived on intieneo terms daring the last two years with men he had been In the habit of considering as adversaries. They had diseased together questions far more difficult than the composition of the Academical Council', and they had perfectly understood each other without either tatty being obliged to make the sacrilles of his opinions. Bishop Pllfilil, he was sure, would met contradict him. (The bishop bowed went.) Youth, sontlaud M, Thin", re- quirecl to be respected. and books, insulting to their religion, should not be placed in their lands. (" There is no State religion," cried:a member on the Left.) " I admit it," re- pllad M, Thiers, " but I will ask my honourable interrupter to take up a map of France, and to tell me in what esteeory would • geographer class a country containing 31,000,000 of catholim oat of a population of 38,000,000. Say what we will, you cause* prevent France being a catho lic nation." M. Thien bad, on • former oxasion advocated the salon of the church and philosophy. He believed that union possible , and the law had bees framed with • view to cement it. ("It is impracticable," exclaimed a member on the Left.) "Do you desire the destruction of philosophy 1" in. quind M. Thten. ("No, ao," on the Left.) "Do you desire that of religion?" (." No, no," exclaimed the same voices.) "Then," added M. Thien, "let them live together. You tell as that our law will be unavailable, and that we cannot succeed. I will tell you, in my turn, that we will be the oaly party who has not succeeded for the last two years." (Loud laughter throne out the assembly.) At the conclusion of the bon. gentleman'. speech the sitting remained suspended for • short time, durirg which he wu warmly congratulated by his colleagues, who flocked round him. M. Barthelemy St. Hilaire replied to M. Thiers, saying that it was unfair to accuse the university of democratic tendencies. Liberty, he allowed, was in the constitution, but he maintained that it was not in the bill, and it therefore must no longer be said that the constitution bad canoed the law. An appeal had, he said, been made to conciliation and conoord, bet he denied that any such existed, when it was evident from the reservations made by the Bishop of Langres that one of the contracting parties to the mea sure only waited for the contract to be fi nished to reject it if it did not suit him. The hon. gentleman then alluded to a reply made on a former occasion bM. Thins, in the Chamber of Deputi e s, to a sp e e c h by M. de Mostalembert, in the Chamber of Peers, when the former said that he wryer would NI short of the spirit of the revolution. He (IL de St. Hilaire) was quite as positive now in the support of the principles Betbee the debate was resumed to-day in the Assembly, it was decided that questions to be put with respect to M. Proedhon's confinement should be heard to-morrow. Tbeedneatioa bill was again slightly advanced, without Isadiag to any important speeches. Claws 7 and 8 were =tad. M. Forced*, the author cl several ()demist all eles in the limo des DfltS Monde', his beanie chief editor of tits PAW*. Though, according to a law_plaset by the Coma e went Assembly, the 24th of February is apt* day, - and hada are to be voted for public rejoicings, it is improbable that any such will take place. The demo crats have, they say, determined to illuminate the town ea the occasion, and hers are entertained eats demonstration may take place. Whether there are to be any festivities I know not, but pleasuring will not be the part of the authorities at least, tor on this matter the Afenikur du Asir publishes the following nodes The govenunent, - having in view the ap pealing annivenary of the 24th of February, has given georgette instructions to all the fneetionaries, in order that they may oppose, by all means in their power, any maWerWom likely to disturb the public piece." The Itepubliftsr quotes the following, as an extract frees a letter written by General Gestate to the officer chief in commend in the department of the Dross : "Patriotic banquets, so called, being in geaeral but pretexts for tumultuous demoestratiosa, which are often hostile to goverment, and the slightest in °osmium of which le to came oe keep up agitation in the country, I think it necessary to advise you that I formally forbid every demonstration of the kind in the whole of the Bth military clientele The Bth military division being in a state of siege, of course General Gentian has a right to forbid all banquet' ; bat it is highly desirable that a state of I • thingsreq " such coercive measures as are need , should asses. This end, however, seems somewhat for off. The disturbed state of all those depart- 1 mann, and thous immediately bordering on Switzerland, cannot be allayed U the following be tree that is pablished by the Constito lioonei. It is a letter dated from the frontiers of Switzerland, the 11th inst. : "The news received from Switzerland is lees satisfactory than preceding accounts. A great agitation prevails in the cantons of Geneva and Vaud, particularly on the side of Leman* and Nice,: and the moderate party at Berne fear a rising against it. The Swiss radical are hopicg for a movement at Paris, Lyons, and Strasburg, and propose to make their movement ooincident with those they expect to take place in France. The Ge novese reckon on a patriotic contingent furnished by the communes round Geneva for the demolition of the fortifications; the works continue in spite of the opposition of the federal council, and are carried on very actively. On Sunday, the 17th, a banquet is to be held to celebrate the demolition of the fortifica tions, which is considered at Geneva as the triumph of democracy. There is considerable agitation visible in the district of Yverdun." The Moniteur tin Soir announces that General Ds la Hitt*, the Minister for Foreign Affairs, is amonirt the number of candidates to be presented by the elec toral union to the electors of Peri'. For Amount PAM, Pis. 14. lkir litatary. _ ___,,, .uirsont. LO.lllll. Olosiag. $ per Cato. 54 0 57 83 36 10 47 33 68 10 3 per Casts. S do. Nov Loan 0 n vs n is 44 pa Cana ,, • • • 0 4 per Cana • It • .• 10 nalsamp an Loudon : so days. 15 43 ; 90 days, 25 331 Bars, 5, 1640 l9 Yaw. Naples Banta 93 23 Mosoy 3, 11141 Do 4~ Do. t — ~ „ Tremors hoods_ 6 Bank Mara 2333 r. Pisasont 6 pee Osas 111 73 „ Domm—Paris led Orteam 810; Paris and Boom, 370; Rosen and Ilans,3lo ;looa and Mantilla, 308 73 ; Strasbourg and Bale, 111 If; 0111111111 sod Vaasa, 330; Orleans and Dardems, 411 33, North, 46873; Montanan and Tays.. 110 ; Paris and araskoorg, 35730; Mars and Sontag, 261 23; Versailles (left bank). 168 75. MADIrD, Ts. L.—Three pa Onto., 191 c . r ai i ; Foar pn Ceuta, 12i paper ; Fin per Ceuta., II 15.16 ant } Mai rack dia. Manse!, $4. Eutaw on Lemke. SO. GERMANY. BERLIN, Fan. 12. I informed you a few days ago that Russia assumed a tone more and more menacing on the buhject of the Erfurt parliament :and the Prussian Bundes-staat. I have to-day to report to you an overt step of the Prussian government in regard to this subject, which, while it leaves no doubt as to the opposition manifested by the Czar, betokens an energetic deter mination on the part of the Berlin cabinet to prepare for the eventualities of war. In the morning sitting of the Second Chamber, the minister of war laid on the table a bill for granting to the government an extraordinary credit far military purposes. Thismeasurewas imperioully demanded by the continued maintenance of the army above thepsaa footing. The government would gladly sieze the op portunity when it offered of diminishing the armed force. The great means that would be necessary in cue of a war to mobilize the army could not be suddenly procured without immense exertion and in convenience. Therefore a timely foresight was to be recommended. The government would apply reli giously the assigned means to the end pointed out and only with consent of the Chambers, which the ministers believed would gladly co-operate in con ducting the affairs of the Prussian and Ger- Irian fatherland to a satisfactory goal. (Bravo.) The debate was then opened Ey Miuitenf fel, on the report of the committee on the muni cipal ordinance. It was intended to hold an evening sitting in order to elect the ten deputies to the Erfurt &oaten-haus. BIOUJX. Y. 13.—Voluntary Loan, 117 1.6. rational Debt, 89. Bank abates, 94. Funds end sham Armor. 'runty Fn. 11.—F1ve per Cents. Wetalliquee. 93j ; Four Ditto, 73. Bask !Marta, 1143. Bzehange on Frankfort, 1123. GREECE. We have received a fresh batch of official docu ments relating to the affairs of Greece. The first is a letter addressed by M. Thonvenel, tnioister . pleni potentiary of France, to M. Londos, commu nicating to him a letter, in which M. Thouvenel declares to Mr. Thomas Wyse that the President of the Republic and his government had learned, with as much pain as surprise, the employment of the naval forces of England against a country placed under their pro tection. The next is the letter addressed by M. Persiani, Russian charge d'affaires, to M. London, placing at the disposal of the Greek government a Annan ves eel of war (tbg Calypso), just arrived in the Pima& Of this *shave already published the intelligence. Another letter from M. Persiani is to Mr. T. Wyee, of the same nature as that from M. Thouvenel, de claring the opinion of the Amnion government as to Admiral Parker's measure. Iteoncludesasfollews: “It is, then, to your most serious consideration, sir, that I take the liberty of recommending the ultimate consequences of a state of things which my august court must regard as an attack upon the interests and privileges granted to it by the treaty of London of May 7, 1542." The following is Mr. T. Wysys answer to the note of the Russian minister. It is dated on board her Britannic Majesty's ship Queen, in the Bay of Sala mis, on the 24th of last month : It wee not Ulnae' last evening that I had the honour of waving year letter et the 19th inst. I have bestowed the utmost attention noon it, and entreat your immediate attic don to my sawn. Sir, I have never for one moment forgotten that the aides invitation ealneively concern the rights and interests of ponces whom her Britannic Majesty is bound to retook whose palace and indulgence bee been proved to the Quon's government daring so any yeses, which has had no other Mann upon the Grecian government than to lanai it to neglect, and to treat with indifference, the repeated obeervations and ethics which have been given to it, that the demands of her Britannic Majesty's government br I.IIIIIIIW whatever affect the independence of Greece, of vita hoe liejesty is, and always ham been, the effective sweater ; bet thus limns at the suss time demand from the Sawa government that jean and equitable treatment whish ors Aso bus ow sovereign power to the subjects of soother. Ifoineranstt en possibly' be wen laterested the = 8 mu _ prosperity of Gnaw tins that of her Bei ; sad ise an will wan regret than myself lbe lad essaspeasse W that washy. *sold its sown swat pwaht is retwfai W redrew the pirnana sad laisa- Woes when separatism dories so assay paw Ye hitherto boss salassawfally dessaded, The bast post which las give that fhb easerlisa is alrhtly tree is the great sue which I haws askew, up to the last =Meat, ass Is give the lama pablisity to So whisk I have reasived. sad sot own asw aside. Wry denied which wadi passe the Waste te whisk per bike Maks ; bat Is Is evilest that the Ciresiaw preseawsat is slaw respasibie it maw pawn abide it ho power lb mid, by phillaa to *iris whisk we so simple sad a, pat I have sot the least delft trot if all the width tate these skins we brought to tre fi Z of 1M wart et &orals, with width the n llama et Benda an both naiad& istisata, that that peat power will pensive that the Quasi goveronsat has nookiseasd paisase sad esadismillea Swasab 111 liellsaisElaast ens to tie nest whom ladle sad dos ot preheating her ewe sakfash lbw WI Mr ibjefip gds. Oda that et Row edisphs these mown Whisk she has bola s = to maw ts maw tie slier so away pen et I will ass at all *weal, air, thst the Know whisk I I THE EXPRESS, FRIDAY EVENING, FEBRUARY 15, 1850. have matemilly ezporismood is the pewit shomelleire i le so sub the game imorassod beam I ma we able to wire to Out whims erprosed by tie repraitatatles of a frigidly gad WWI power, who, however, some bat is. that tie emmasadaat of her Britsanis Ma*my's navel tonna, Si well Y asysdf, is unable to toles say otLar owe that that of azoomthig the peremptory orders of oar govewormest. I have tho brew, &a, ( 8 4 24 ) T. Wrom. Timm we have ti note midzemed by the Greek government to the representatives of Bavaria, Sweden, Turkey, Prussia, mad Austria, and in which M. London prays them to make known the state adder to their respective governments. In answer to this M. de d'lngelheim, charge d'effaires of Austria, thus emirates himself: "I doubt not, M. le ministre, that at Vienne, as in all civilised coun tries, the steps taken here by the English will be ap gtatied t n e at their just value, and that the dignity and which Greece opposes to them will but in crease the sympathy with which the Austrian govern ment already regards this country." We meat have a letter addressed by M. Londe; to the ministers of Francs and Russia, protesting spinet a circular of the English consul (Mr. Green) warning his country men to see to the safety of their persons and property. Another document inn/minces to M. Londos the pow mnnication of the collective note addresed to the ministers and chargfs d'affeires accredited to his Greek Majesty, to Mr. T. Wyse, demanding that, in con formity with the principle of the rights of unties', the minister of her Britannic Majesty should make known to them whether the measures of Admiral Parker against the Greek government are of a nature to endanger the Greek population and those mingled with them, as well u the English subjects warned by Mr. Green. Then comes th e f o ll ow i ng c i rcu l ar of Mr. Green : CIRCULAR BY NIL BRITANNIC MA/11/ITT'll CONSUL AT ATRIUM, 351. 0151 N, TO His 001.1.11.01/118. Sir,-1 am instructed by the Right Honourable Thomas Wyse to inform my colleagues that the commander-in-akief of her Majesty's naval forces, acting la obedience to the instructions of her Britannic Majesty's government, and in concert with her Britannic Majesty's representative, deems it necessary to extend to the Greek merchant vessels ike pro hibition to put to sea, which, from an anxious desire not to injure Greek commerce, has up to this moment bass limited to vessels belonging to the Greek government. I have thereon to announce to you, that henceforward the commander-in-chief of her Britannic Majesty's naval forces will not permit any Greek vessel to leave any Omit port, tawny Greek mesels having been chartered previous to the present communication to carry a serge or part of a cargo belonging to foreign merchants will be allowed to put to ma, an exception which cannot be applied to any Greek vessel chartered by or far foreign merchants after the cow municatioa of this notice. The above measure in no way affects foreign vessels of any description, but is exclusively confined to mewls under the Greek flog. I have, &0., Athens, Jan. 24, 1850. J. GRIMM. We have then the answer of the English minister to toe collective note of the re presentatives of the different powers. This answer is as follows : On Irma her Thitannie Majesty's ship the Queen, in the Bay of Salamis„ the 24th January, 1850. The undersigned minister of her Britannic Majesty to the King of Greece has received the 'communicati o n which his °Weaves have been so kind to address to him, dated yea day, and he hastens to assure the that they need not feel any apprehension for the present as regards the security of the penons and properties placed under their protectiqn The reclamation of the government of her Majesty is exclusively limited to the demands of reparation for out rages and injuries inflicted in Greece on British and lout in subjects, and cannot have any connexion with the rights and interests of foreigners. The undersigned is authorised by the commander-in-chief of the naval forces of her Ma. jssty to issue the diplomatist corps at Athens that whatever measures ha may unfortunately be compelled to adopt, he will use every possible effort to defend the Interests and per sons placed under their protection. Tlionme WYBI. THE PENINSULA MAIL. The Oriental Company's steam-packet Paella, Capt. J. Weeks, arrived at Southampton last night, and landed her mails under the charge of Lieut. W. P. Newenham, RN., Admiralty agent. Her dates are: Oibralter, Feb. Bth; Cadiz, 7th ; Lisbon, 9th; Oporto, 10th ; Vigo, 11th. Sh e brings six package, of specie. A stringent law against the press bad been presented in the Chamber of Deputies. Some die graceful soenes had occurred in the Chamber of Peers. Violent attacks had been made on Thomar in the chambers, and equally severe remarks upon him had been indulged in by the press. The government have a majority. Saldenha had been dismissed from his office. The Prince de Joinville had been enter tained with great distinction at the palace, and much importance was attached to hie arrival in Portugal. Ships are admitted to pratique at Gibraltar, but ships thence to Cadiz have three days' quarantine. The question of the Lady Rowley schooner, that went ashore at Gibraltar, and which the Janus, Lieutenant Powell, cut out of the Spanish grasp so promptly, is not yet settled. From the letter of our correspondent we extract the following : From reports made to the house by the minister of finance, the revenue appears to be improving. On the sth, 57,718,000 reis in Lisbon bank notes were burnt, the number now in circulation being 2,942,288,800 reis. . . . It appears by the report sent by the committee ap pointed to inquire into the Oporto Custom-house, that great frauds were committed in the wine trade by shipping wines to ports out of Europe, to be brought back again to the European market, by which not only the revenue, but the fair trader, is greatly in jured. On the bth a magnificent ball took place at the mansion of the Marquis d'Abrantes, for the benefit of the officers of the Convention of Evora 'Monte. It was attended by all the beauty and fashion of the Miguelite nobility and gentry and other?, as well as by officers of the British fleet now in the Twos. Ths Indefatigable frigate arrived a few days ago. Exchange on London, b4}; Discount of Winn Bank notes, 18. COLONIAL. Naw ZZAIAND.—A letter from Auckland, dated Sept. 1849, mys: "Doctor -- has made arrange ments on a large scale for proceeding to California. A number of on: mercantile men and artisans here are also gone and going when ships can be procured. There is a stagnation of trade. Several houses are empty." gbe Court. The Queen, accompanied by their Royal High nesses the Prince of Wales, the Princess Alio', and the Princess Helena, visited her Royal Highness the Dachau of Gloucester yesterday, at Gloucester House. Her Ma esty was attended by the Counter' of Mount Bdgeeumbe, yin Waiting, and Colonel Buckley, Equerry in Waiting. Priam Albert presided yesterday at a muting of the Royal Commission for the promotion of the Exhibition of the Works of Industry of all Nations, to be held in the year 1851. Ilia Royal Highness arrived at the New Palace of Westminster at three o'clock, attended by Limit -Colonel the Hon. Alexander Gordon. The oommrsionern present Isere Earl Granville, Lord Stanley, the Ri g ht Iron. Sir Robert Peel, the Right Hon. Henry Labouchere, Sir Archibald Galloway, Sir Richard Westmenott, Sir Charles Lyell, Mr. T. Baring, Mr. Barry. Mr. T. Baxley, Mr. Cobden, Mr. William Cabitt, Mr. T. F. Gibson, Mr. J. Gott, Mr. dome Loyd, and Mr. Philip Puny, MP. The &entity to the Commission, Mr. Scott Rowell, was in attendance. The meeting br oke up at a quarter past Bre o'clock. - Her MeJesty and Prises Albert honoured the Haymarket Theatre with their pressers last evening. The royal suite consisted of the Coaster of Mount Edgearbe, Hon. Bliss. beth Lenses, the Marquis ct Ormonde, Colonel Buckley. and Lieut.-Colonel the Roo. Alexander Gordon. The Granter of Moant Edgeenshe has relieved the Counter of Draft in her duties es lady in waiting to the Queen. Th. Hon. C. Joy Morrie, United sates ehargd d'Affaires to the Magda's' of the Two Sicilia (with his lady), Itas left town for Path on his route to Naples. A deputation of shipowners had an interview with the Bight Hon. H. Labouchere yesterday, at the onto, of the Heard of Trade, en the subjeA of the present state of the sldipplag interest. The deputation esnsistod of Mr. G. F. Tem& Mr. W. C. Harnett, Mr. George Marshall Mr. J. ifila Rielmmessa, Captain Gilmore, Kr. N. Giulia. Mr. J. Allan, MR. Tha - Pmelesiartinal Commisioners for England had I 'Mid aseetiagyisterday. - The Judicial Committee of the Privy Council sat yesseeday. Th. Lords pretest were the Manor of the Rene, Imed Campbell, dee Obasseellar of the Duchy of Comma, end th. Judge dine High Coast of Admiralty. &r Edward Ryan eat es a Privy Councillor. An appeal from Bombay wee beard, " Simmer v. 'widow." MAILBOIIOI/011 Hoop:—Thu sale. of th. late Clean Dowaseei effects wee riecwaseeseeti yeeteetley, sad will be oostinawl today. There will b. se Isle to-wienew, but the suasion will be wiz throws ape* next week, for the disposal of the remainder el *a re* Forst/. RAILWAY MEETINGS. GREAT WESTERN. Yeatuday, the twenty-ninth half-yearly meeting of the proprietors was laid at the Paddington Station. The their was Mama at one ,o'clock by Mr. C. Bunsen.. After the diservenee of the anal preliminaries, , The CHAIRMAN said: Ø.M.eeaut, the evert of the committee of the shartheiden_ wffilek you appented in the I month of September lest bee desks& mach. length with all the questions/64in the Resort lanweets et WI company, and the report of des dinners. Osman with .the ascounts which we have demisted amengst you, thwe ontered fully iato all the dslaila 'destine the thmeeithens of the past dr menthe, that I did net fled myself enterethed in tanning yea Atha the disetheitheff Thta Inffedestaseathithe by many einereadthe lres agaelf. The report ethic emen- lathes hoe now bum • la you heads. end I. eon , eider's, that meth I at is yea will gin fall webin le the eiremestememmedler whisk it Le been peepers& The n cemneseideithe to smith that ecomealsase proesedoi heath, auditor' Went!' kid half-yearly . It wag sheartelly sad inthellfately esquimead laity the end it was adepeed hj yeennelres in August. At a s aerating in the month of September, unwound for that purpose, three goitlentoy ,sweet rag a large Wenn in this ornmeny, and iassit pa in die estathere ial ethimani tioning pethar istol and Liverpool, were nethisoted by one of the largest—l believe the largest—shareladthe in the company. It was thought that the City of Leadwaaho should be repre sented, and at that meeting a fourth gentleman wee named and was immediately appointed. lam Ohre the propels ten will remember that we eared not one kegler word of objection to the aemoiatmeat of any of those gentlemen. (Chun.) We were datunnned that, as the act of nominating a committee was yours, so should W selection of that eorainittee be also yours, and that it should be impossible for say one to allege that the Meson's bad eurdsed any interference or any Influence on the subject. Then four gentlemen have devoted a great deal of time and labour, during the last four mouths, to the investigation of your strain. Every account, every book, every voucher, past and present, has been placed unreservedly at their disposal. (Chem.) They have personally inspected every department of y our establishment ; they have visited every station upon your Una ; they have comennicated with every officer, hum the highest to the lowest, as they have seen fit. The has communicated with other perms and with other b in, not immediately connected with ourselves, when it seemed to them that It might be desirable to obtain information useful to their inquiry. On every occasion, I am sure, they will say—indeed, they . have said—the directors afforded them every toility in their power. (Hear, bear.) From an investigation thus prosecuted by a committee so appointed the report which is now in your hands has emanated. To the ',item upon which your accounts are framed, to the perfect fidelity with which thou accounts are kept, not only an the prinmpal offices, but in every department of your establishment, they bear the most unreserved end unequivocal testimony. Indeed, one of then gentlemen, in speaking to me of the excellence of the system upon which your accounts are framed, used to me this forcible expression, " Why, your accounts audit themselves." (Chun.) Gentlemen, the committee have in their report token a review of all your relatians and engagement' with other companies. They concur in the opinion which bee already been expressed by us, that it is desirable to diminish the expenses of the Wilts, Somerset, and Weymouth Rail way, and to obtain complete control over the prosecution of the works upon that line by taking it entirely into our own hands, and an agreement for this purpose will, at a subsequent period of this meeting, be presented for your approval. They recommend that in the fi rst instance we should confine the extensions of that line to the towns of From' and Warminster. But your directors have always thought, and they still think, and with your concurrence they are prepared to set upon this opinion, that the line ought to be extended to Radstock. (Hear, hear.) It is the town of Redstone, and to the Somenetabire collieries in that neigh bourhood, that we have always looked to give value to the Wilts, Somerset, and Weymouth line, and which we expect to bring a very large accession of traffic to the main trunk line. With respect to the South Wales line, they are of opinion that it will be desirable, for the present at lent, that it should terminate at the town of Swansea. They have recommended us to enter into negotiations with the South Wales Company for a modified arrangement with that company having that object in view. Gentlemen, in this opinion also the directors have always concurred ; but they thick that a modified arrangement of that sort should be equally beneficial to both panes, and that, in seeking to reduce our obligations and habilitin, we should be cautious that we do not, in fact, render them, it not ultimately mote onerous, at least more certain and less remote. (Hear, hear.) We are in communication with the ,South Wales Company' and I hope that we shall be enabled to come to some arrangement with that company which we shall feel justified in presenting for your approbation. With respect to the Birmingham and Oxford and the Biembighatu, Wol verhampton, and Dudley Reilway 1, the committee, both in their report and in the frequent communications which we had with them, earnestly press upon us the urgent necessity of prosecuting those work!, with the utmost vigour and despatch, in order that at tee earliest possible period we may be able to render the money which has been expended en them productive. They approve of the principle of the negotiation which is still pending with that company—the principle of dispensing with dupli cate lines and stations, and unnecessary work,, and thus saving expenditure of capi al to both companies. That nego- tiation is, I my, still pending, and with respect to it also we are in hopes that we shall be enabled to conduct it to a satis factory conclusion. With respect to the Oxford, Worcester, and Wolverhampton Company, they have been made fully acquainted with all our engagements with that ompany, and with all the circumstances under which an order has recently emanated from the Railway Commissioners, direct ing us to complete that line, and they express no mistrust, or feel no mistrust, as to the position which we occupy in relation to that company, in the form which it has recently assumed, affects so many conflictiag interests—the land owners, the proprietors of that company, the proprietors of the Great WeeterniCompany, the public, the diutton, on whom the responsibility of all these proceeding' must rest— s* many interests I say, are affected, so many points of legal doubt and difficulty are raised by it, that it is necessary that we should proceed with the utmost caution. We are quite prepared on this oczasion, as we have been on every occa sion, to do what is right and just by them as well as by you. But, on a question of so much difficulty we have thought it right to take the best legal advice to which we have access. We shall be guided in a great measure by that advice in the course which we shall pursue; but let me repeat that neither the committee of consultation nor the directors en tertain the slightest mistrust as to the relation in whieh we stand towards that company. Such, gentlemen, are the general views expressed in the report of the committee of shareholders. They suggest some alterations in the details of the iaternal management of your affairs, which shall receive our fullest consideration. I have looked through that report with a careful, I might almost say with a jealous eye, aid I cannot find one single word which impugns the conduct, the character, or the integrity either of the directo rial or the executive management of the company. (Cheers.) In times like these I may, perhaps, be permitted to say thus couch, and even thus much I would not say merely for the purpose of taking credit to myself, or of warding off the thus which is so indiscriminately heaped upon all railway directions. I say it for the pupas of claiming for you, and claiming for your property, all the benefit that can result, and I think it ought to be =eider- able, from such unqualified and unequivocal testimony. (Hear, hear.) Gentlemen, in addition to the report of the Committee ittee of Shareholders, we have had a very careful scrutiny instituted by your auditors into our "mints. Ido net say this for the purpose of disparaging previous audits of your accounts ; on the contrary, I have always contended that the audits of this company have never been merely formal. (Hear, hear.) ''hey have always been conducted with great care ; they have always, I maintain, been most efficient and meat substantial. But on the present occasion the auditors—gentlemen of great experience themselves in commercial matters—have been awned bye public accountant, a gentleman most com petent, I am informed, to discharge the duty, although he was entirely unknown both to your directors and your officers, till he was introduced to them by the auditors themselves. (" Name.") These gentlemen have gone carefully, I be lie ve, through every item of your accounts. I am metalled that they will be prepared to answer any inquiry that may be made by any proprietor; and I shall be very much disappointed indeed if they do not cootie= the testimony of the committee of share holders, both as the excellence of the system' upon which our accounts are framed, and the truthfulness with which they are kept. Let me say, too, in justice to our own officers, that this is no new system, nor hat it been trumped up to meet the exigencies of the present time. Our accounts, such as they are, have been co framed and kept from the earliest institution of the company. (Cheers.) Having alluded to the audit question, he went on to say : I am happy to say, that we are enabled to main tain our dividend of 4 per cent. per annum, and, after doing so, to carry forward the large balance, in round numbers, of 40,0001, to meet the exigencies of the next half year, which is always the list productive one. This dividend we are enabled to maintain, notwithstanding the deprerion which has affected such numbers and such large interests, amid not withstanding the visitation of the cholera, to which we were suhjeeted during the last autumn. We shall use our best h " o d ld el ei T s °uri withto arty out to th o e th vi e e r ws copa o m f then s c o m mitteei a views coincide very much with those which we expressed to you on the mama of our last meeting. We shall devote indeed, e o d f , s liaor: ourselves most earnestly to the subject of promoting unsay jet every branch of your establishment. Indeed, for die lest 13 months we have been se engaged, and, I am happy to say, with very beneficial results. But we must be cautious that we carry out that 'yeti= of retrenchment in such a manner as not to endanger the efficiency of your establishment or the safety of your real interest-. Last, but not least, we will do our best to increase and improve the whole of our line— (hear, heal—because I am perfectly satisfied that it is to the development of the traffic that the railway companies of this country must mainly look for the reetwation of prosperity and use. (Chun.) The SECRETARY (Mr. Smanden)tiesa mad Ike &glowing report ',the direction : be essountastimemeatheeptonture which have been Weedy Oreekted mug the gra ecereely puma any remarkable hews*, witisebsychwantinanes that, ex the &et time in the history of the iwthweidefh fie las beat a Maw/ la the te mplet from pareagere. weigh weal& le referred to with Wp greater regret if the Nab eau* ef gad mat been awaifeely at a character. If issues hew the following statement that ta t= Of has bus /war to growths with the third slate thee with ogee parmagetei . tehough eat* Salmi shows a cleastahoy. Ifea Pareagere conveyed trona the Ist July tithe Slat Diewaber. - - - ' . 1212649939 49. nat. lint Wan 1 193 69 46. 1 11l Snood clam 912,249 Third dam 259,141 It innat sot he torgatisa Unit the diminished number of pmmenger trolasulthorta sy nmismanill.4.4 ti enissiated u. :o n sare be e r zgr t ir r to the co froi nt ; =M inginne trfl le tin= of Loving, especaly to , r abort dlibasest. listerisn 'Wham amanat rindwad kr In Ur eamanpandlog is 12.4141.11 c 4d. Lena than q i 71m direst= sae to : that the otercheadiae business. es dr Mar borl. 1 e 3: am shows • tendency to improve . ass beim as snow ins any hawk hem them extended .rtes st assenneslal MeMs to bath Webs and Itallindstdre which mat asentoally aid sysilmally to the ,no et the Great Walesa 11.11w'. The Malin et Mem, dads la Bristol has, to sot= Mot. imilsoesd the tads et this port, owl there is reason to upset sows ffsmal el dm hale Ihe owe. Ss. trawl the south of Iran/. Ishii hod boa empandmil Pm toe sr shies years by reason of tie late that asimm The &TIMM have reem/Ir Undo NUR to with their sena lar pods and kit sod ham In contemplation Is sin* edam and tZ e rime aim Ow Ihrositi rates with other sinosislas r wnm will meas teas remsmorattan to the proprietors kin as sine Osamu talllahttsreamdLisp M the pubbs, issipts let elefeinnahn, Man mid paresis have exceeded to Vim anamt AK las. Id, thaw at the conmponding period et 1141. Ii h etemeary lenumelis death' sena credited for the mall senior Is the rate awarasdinsislhe lafterhieratioe the third, between the Poetaster-General wad this esspsy but that the usenet has not ham received. The proprisinee be surprised to learn, so the di rectors were, that, ass repeated appeals by that department from or aspire to ans &sr. the Postneacter-Cieneral has been again ad vised to earn them nth a mile' In the mouth of July het, having a reireastive east, ' the company to proceed to • new arbitra the tram the Nth Jane. Is determination was accounted for by the &W.I and gratis Company working their own line, but as the tee esmpaaiae agreed with the Poet-office to receive payment in ooe we, es hire , and in eatinnetioe to discharge lt from all claims by beak and wan willing to execute deeds either by wsy of agreement provided tar In the aet, or in full acquittance to the Postintieter.Oe. nerd hem all claims upon the awarded payments, the directors can only regard it in the light of a fresh appeal, again to met side the award of en umpire. While they eater upon the arbitration, there fore, with a sere of injustice, they do so with entire confidence In its result, but they desta it their duty t. make the t ircutostances known to the proprietor, in order that they may distinctly understand that the sum credited Poe the half.year in respect of service. pertemed, at the rate previously awarded, Is neverthes subject to aiteratMn by e new umpire. With respect to expenditure, the directors have been employed in endsvoruies to reduce it by all prudent and availisble means. This lONS has been treated so much in detail by the committee of share.. holders in their report, which I. to be prase nted at the half.yearly meeting, that the directors axe unvriljng torepe.et informationalready given to the propeieterv. The resulted the half.yeark am.sunts, after deducting the rents and Wanes of interest paid (tomprhing t h at on the herks and Hants Extension shares), will leave 1e6,39:1C 9s. lid. at the duiposal of the proprietors. The board and the auditors coulointly recommend that a dividend of four per cent per annum be dehlaed for the halt-jeer, to 31st De cember last, which will leave over a balance of 39,7031. be. lid. to the credit of the company. The statements of capital which have ben In like manner placed In the hands of the proprietors exhibit, in detail, the some received and disbursed on that account. It may be briefly stated that there has been es new expenditure, to any ext. ut, undertaken dieing the half-jeer, in reepsat of the lines previotsly opened. Every item paid has been minutely easmined by the auditors, the vouchers and receipts have been Inspected, and the purpores to which the pay ments were applied have been amertained by them to belong excite. lively to capital. The auditors have been assi.bed, for the frost tits; throughout a laborious v a enination of all the hooka, accounts, and documents of the Company, by a public accountant, whom they appoint.l without previous communication with any individual c.aineend with the company. Although the result of their researches has list been officially communicated in any written report, ney 111,:...e, by their signatures, autbinticatcil the accounts, and have exp d their general commendation of the system Rae, end the mode in which it is worked. the auditors have stated to the board their intention to attend the half-yearly meeting, for the purpose of giving information, or expressing their opinions upon any matter of interest to the pro. prietore, and it is propored by them that, for the future, the audit should be conducted m. re continuously, to which the board has given Its reedy and unqualified consent. While alluding to these topics, the directors dvert with ratistae thn to those obeervatinns in the report of your oonsultation cots. mate., which bear testimony on their pert to the correctness of the accounts, a subjcet to which they bad devoted their caretnito tisg attention, quite irrespective., of the audit twit. This mathr so essentially involves the inteoity of sour affairs, and the fidelity of your officers, as to render such testimony of the highest value to the character of the undertaking. Referring to a pat agraph in the same report on the subject of audit, the directors mu-t cantles an earnest desire, in cor.currence with it, that some steps may he taken to secure the final adoption of an effizient and independent splem of audit by a legislative measure during the present stadon. It has been C nsidered with some justice that the duty of preterits. hag the precise method and conditions of audit, belongs more pro. petty to shareholders than to einectore. It to obvious, whatever plan may emanate from the latter body, that it will be viewed with dia. trust, however stringent the scrutiny suggested, however honourable the Individuals who propose it. Your board will therefore content itself with reiterating the gene ral opinion that the audit should be seratinising, continuous, and complete, conducted by persons wholly unconnected with and inde pendent of directors and officers, but possessing the confidence of the proprietary, whose affairs are to be emitted to their investigation. The auditors should have commercial gspertense, to render than competent for the performance of the task, and the duties should be compulsory upon them. Thee should be assisted by a public so. countant ; their remuneration sboukt be fully adequate t o th e i r !snout e, but flied In amount, a+ to divest the system of all hope. diments to business from tecutibelities, and avoid needless' or extra. slant expenditure in carrying it out. They should be required to report their opinions freely and unreservedly, as well to the directors during the audit, as to the proprietors after it 5h..11 have been corn. pleted. It wilt be very satisfactory if some of the leading and influential proprietors of this company can be induced to assist those, who are understood is be actively employed at the present time, in con.sider ing a bill to be brought before parliament; and they recommend it to the meeting to makes selection among themselves of a few proprie other tor*, to the purl toe dotting with gentlemen similarly gr. ointed by companies. The recent publication by your committee of shareholders, enters so fall into the matters of general interest in the affairs of the compsny, that it teems to the directors scarcely necessary upon this occasion to offer any lengthened statement upon the some subject. The branch railway from :hough w Windsor was ;opened on the Bth of October last. The purchase of the Wilts, Somerset, and Weym.Ath Railway will be brought specially before the meeting for confirmation, with the full concurrence of the committee of &or:holden. It attains the object of reducing expeditor, by abolishing a separate beard of directors and office establiebroett; It simpli fi es the cemtroul a nd management, by pia the undertaking under the exclusive charge of Great Western di/edam; while it does not in any way directly or indirectly lames* the liabilities or affect the pecuniary rights of proprieties in either company. That has been ecrupulously attended to l n the terms of agreement to he laid before the meeting. The conditions of payment will secure to the Wilts, numerate. and Weymouth Company the permanent nobility of i per cent, per an. num, to which each holder of those charm Is entitled, with a con tingent benefit, whenever the Great Western shareholders may be receiving more than 8 per cent. per annum on their shares, as ori ginally provided fur, and therefore still rnaistained in the new The negotiations referred to to the report of the shareholders' corn. milky, for a meddled lease of the South Wales line, between Gloriosa. ter and Swansea, and for saving expenditure in the railways h,,tweea Oxford, Birmingham and Wolverhampton, are still proceeding with the respective companies, and the directors entertain a lave that they maybe terminated is ur eatishiction. Ty concur in the prudence of reconciling, by some compromise, the interests of this undertaking, with the apparently oanftictir.g views of other comptuties, but the terms must be just, and the conditions must not be oiiereus on tither side; two coned r-tions which the board rt geed as essential, and subject to which, they wal steadily persevere in the objects for which they have consented to negotiit;. with newt to the Oxford, Worcester, and Wolverhampton rail. way, the directors have to report that an otder has been received from the railway commie/toners to enter upon that undertaking, and comp'ete it. The subject requires the moot prudent and careful erect oration of the board, who are carious to pm torn evert duty which the law on. joins, but they are bound scrupulously to ascertain their powers 11/ gall as the relative rights and privileges of all funks interested in both undertakings. The proprietors may sety upon the most vigilant regard being had to their interests in t is important matter. The works of those railways which ere Wended to be completed In the manner recommended by the committee ' and which are not likely to be affected by any pending agreemen ts with other compa nies, will he carried on without intermission, In order to render the outlay productive ; and it is proposed to convene a special meeting within • few weeks to consider lied di termine the mode of raising capital fbr the payment of that expenditure, as well as for the liabUL ties of the company. This course seems most likely to be rtislacto ry to the propeidoes, and, therefore, preferable to bringing any financlil scheme under discussion at the hrleyearly meeting, before the va rious matters comprised in the report of the committee have under. gone the coned .... ion of proprietors to which they are justly en- titled. The directors will, in the mean time, devote their attention to the subject. In the report of the committee of sharebelders there are some re commendations, which could only be carried into effect by the prove. Mons of a new act of parliament, and the directors refrain therefore from makirg any observations upon them en the present maiden. But they consider it due to the proprietors at one to express frankly their unanimous opinion upon one principle, vis., the appointment ' of a managing director, which seems to be referred to with appro.'s bon by the committee of shareholders, rather than recommeethd for The beard consider that such au appoinment involves evils from the generalisation of almost unlimited power in one individual, over whom his colleagues MD never pretend to exercise en adequate eon. trout, such as they ate enabled to do over an odtcer of the company. They are convinced of many embarrassment* wh ea must ensue from attempting to combine he one pereon the degree of deliberation and decision, with those of execution of orders or supervision of practical detail. The directors are of opinion that while deliberative date,, so ex. tensiire in character, ought not to be committed singly to any indivi dual, however gifted, executive duties in umnagicg and working railway cannot be advantageously performed by any but pones responrible to the whole hour,!. A managing director, coequal, to ley the last, in authority with other directors, cannot be subjected to the same test by his colleagues as a subordinate ofticer, without the danger of Introducing Kronal feelings into every di,e4l/14011 of the board; kis conduct and capabilities cannot undergo the same e:retti. ,Wog inquire; the abused his authority or the neglect of hie duties cannot be prevented or corrected in the name manner as if be were acting in the coact, y of a palatial Wilco, under the orders of the whole board; his opinions or intentions are naturally assumed to have the sutbordy of the board, even before it is invek, and the responsitlity of every director attaehes therefore to his individual acts, as tither had sanctioned them. In offering these suggestion', the directors have 'mother motive than to guard the proprigtoreageinst any misconception of their opinion,, es to the prioeiple• of management of such mensal,e intermit* asthma of the Great Western Railway; and while they deprecate the deleo• thin pf met powers to one or more individuals of a beard, they adorit the advantages which may be derived from themore continuous dens. thin of the time of the thrown anierelly to those deliberation whisk properly Woad to the preaidiag authority of a company, and they will ansiously apply themselves to sondes the beet means of obtain. lit intended to submit to the special meeting a resolution for tole ration the paid cap shares of the ann•any into stook, to take elfeet from the let July next—a measure spproesd by the committee In their repot, and proommentkel, a• well by economy in the registration de— pertinent, as by convenience to the progeletora, holding aevaral &o Ws/toe Oahe/ea A memorial bad teenreenttly received from some of the erornelern noddies in Bristol and the mighbearbeed. requ, sting that pesos mitt be hoed to them, la order to eland the general meeting. and rerecastrancee which wear made 4J that system • when = U r; be adopted in September lase by a rvw , lutian d , 110 C p v i tt k ge t n o criel nle;ett s e r b i e d Itigl ui peum i ;e o, 'exuding it, rend...cid it respectably signed. The system itmlf com pl y belle charecterned as most unfair, in giving . pc. Gunton benefits to some ehereboldere, to tipmac of other! ,_ se reducing the profits of the ceremony, by g the meaty of fre i g o Modem( to writhe who may esquire • very trititivilinvog at inset Taranto I gale the amount of fare, and one us Weise Ors with ceria'n PT`'vtet'hh In the ad of eared fheenmeh reeognmetid thee Ile practic e testier tbeee eircumetaccas th e remold oat be mn in merged to, at all events until the whole body of emit have had hill opportunity. after doe mottos, to record =l, W e r e s upoli rewt of t on engineer derprithag the condition of the railway and works, and stating the progress or new lines, will be eubcoitted to the meeting. Mr. Cabin has expressed himself unable to tinders ta k e and gonsi•kde his Woodall and report on the permanent way at so early a penal so was *meted by the coomillteth of eunailtatiettep_ When they recouniaadad his appoudment. et. directors ere &straw of recording in Ale report, th " 4 " -, m - the courtesy shown tia them by the committee share lips pointed in eepeunibea whom they Oneida Catlike! ARUM 1 ,/, , L .. ...: