The Sun. — London, England, 1849-08-25 00:00:00

TrIE gVN, :LONDON; RAILWAY INTELLIGENCE. YORK, NEWCASTLE, AND BERWICK. The half-yearly met-ting of this company was held on Thursday at York; Mr. Robert Davis in the chair. Mr. CLOSE (the secretary) having read the adver tisement convening the meeting, the following report of the directors was taken as read _ _ _ "In consequence of the two gentlemen who held the office of auditors having sent in their resignations im mediately after the extraordinary meeting of the com pany on the 4th of May last, the accounts have not been audited in the manner required by the Act of Par liament; but it will be satisfactory to the shareholders to know that the whole of the accounts for the half year have been placed under the supervision of an able and experienced accountant, and the preceding abstract has been carefully prepared and is authenticated by him. The directors are unable to add any statement of receipts and payments on account of capital, the books of that department being in the possession of the committee of investigation. From the balance of 137,6421. shown by the account to be in favour of the company, must be de ducted 64,2621. for half-a-year's rent of the Great North of England Railway, due on the Ist of July last ; leaving 73,3804 net revenue for the last half-year, which is more than sufficient to pay a dividend after the rate of 3i per cent. per annum (lees property tax) upon the sums of 4,262,5651., the amount of the capital of the company now (lidded to dividend. Since the extraordinary general meeting of the company on the 4th of May last, when the present directors were requested to retain their offices until the shareholders should have an opportunity of reconstructing the board, they have devoted their time and unremitting attention to the management of the general business of the rail way, and they have endeavoured to afford all the assist ance in their power to the committee of investigation in the performance of their arduous duties. The directors trust, however. that they may be permitted to place be fore the shareholders the views they have formed, and the proceedings they have adopted in a few instances in which their opinions have unfortunately been at variance with those entertained by the committee. " Aa to the Great North of England Railway pur chase, on the 21st of June last the board of directors, after mature consideration, passed the following resolu tion, a copy of which was presented to the committee of committees of investigation on the same day, viz.:— " Resolved—That,with reference to the Great North of England Purchase Account, this board are unanimously of opinion that it is highly expedient to address letters (requiring an answer within 21 days) to a e holders of shares to the amount of not less than 1,000/. in the Great North of England Railway, offering to them the bonds of the company at 4 per cent. interest for the amount of their shares, payable six years after date, the shares to be taken at 250 L, 1001, 75/., and 371. 10s. per share, if paid up.' " On the 11th of July last, having in the interval re ceived no communication from the committee of inves tigation on the subject of their reduction of the 21st of June, the directors put upon the minutes of their pro ceedings a record of their opinion, that it was essen tial to the interests of the company to carry the proposed measure into effect without further delay. In their present position the directors did not feel themselves at liberty to take any steps for carrying into effect a financial operation of so much importance, without the sanction and concurrei:ce of the committee of investigation. But they are decidedly of opinion that the future prosperity of the company materially depends upon the early adoption of this or some other measure of a similar character. " As to the arrangement with the Sunderland Dock Company, on this subject the directors feel themselves placed in an embarrassing position. They have incurred the censure of the committee of investiga tion for having taken steps towards making an agreement with_ the directors of the dock company respecting the shipment of coals, &c., in the docks. And the sale to the 'dock company of the staiths and drops belonging to the railway company in the river Wear, the particulars of which are set forth in the report of the cenonitte. The directors are able to state, in their own justification, that iu entering upon this negotia tion with the directors of the dock company, they were not actuated by any sudden or hasty impulse, for so long since as the 19th of January last, the engineers of the two companies were instructed to make a joint report as to the best mode of erecting shipping pieces for loading ships with coal in the ducks, with a view to completing t 1 arrangements between the companies, which had been in contemplation some months pre viously. The directors still ice' satisfied of the propriety and expediency of entering into an agreement of this nature with the dock company. No doubt can possibly be entertained that the present staiths and drops are fully occupied, and that the revenue of the railway is materially suffering from the want of proper shipping accommodation at Sunderland. During the last eight years the increase in the shipment of coals from those parts of the railway which have possessrd shipping ac commodation has been from 1,306,847 to 2,461,352 tons, and in income from 89,2321. to 166,376/.; while on the Durham and Sunderland line, where proper accommoda tion cannot be obtained except by means of the docks now in formation, the quantity of coals shipped, and re• venue received, has decreased from 378,494 tons in 1841, to 265,708 tons in 1848, and from 26 789 in 1841, to 20,058 in 1848. The directors would observe, that while there are large quantities of coals ready to be brought on the railway, the want of accommodation at Sunder land for large coppered vessels taking coals foreign, which can only be laden in docks, completely deprives this company of the increased traffic and consequent re venue; and it only re quires a lrnowledge of all the circum tences to show that itis against the re al interests of this com pany to retain their present shipping drops, it terms such as those proposed are adopted, which would relieve this company of annual payments amounting to 1,463/. for wayleaves, &e., besides a saving in the cost of shipment, hie h experience has proved to be equal to one-half. In concluding their remarks, the directors would observe that a speedy decision, one way or the other, is now ab solutely necessary, as others ise the docks will be ready for the shipment of pals before the deeps are erected, and before this Pompany can avail itself of those facilities for transacting buoness which the ducks are capable of eff rilingt to any extent. "The directors have to report that the Royal assent has been given to an 'Act for enabling this Company to make certain branches in the counties of Northumberland and Newcastle-upon-Tyne, and for other purp _ales.' By the provision of this Act the liability to heavy penalties which this company might o•herwise have incurred has b.en removed ; a further peri , id for constructing some of the werka of tf.e c , rnpany and other material advantages have been obtained ; and the number of the directors has been authorized to be increased from 8 to 13, if thought necessary by the proprietary. In conclusion, the directors di site to express their concurrence- in the opinion of the committee of investigation, that the time has arrived when it is necessary, for the interests of the company, to reconstruct the board of directors." The statement of accounts showed the total receipts for the la-t half year to have been 335,t'831., and the ex penses, including debenture interest, 197,741/., leaving a balance in hand of 137,6421. The CHAIRMAN moved that the report be received and entered on the minutes. It' any gentleman wished to make any inquiry he would be happy to give any in formation in reply which was in his power. Mr. PLEWS seconded the motion. In doing so he wished it to be understood that in consequence of the resignation of the auditors the accounts could not be audited in the regular way, and therefore the directors had employed an accountant (Mr. Ingram) from Lon don, totally unconnected with the company, to audit the accounts. He believed that Mr. Love knew the gentle man who had been so employed, and could speak to his respectability. Mr. LOVE believed the gentleman alluded to to be per fectly competent to perform the duties which had been entrusted to him; and he telt convinced that Mr. Ingram would do so honestly, so far as the books laid before him would enable him. _ _ Mr. PLEWS wished to explain that the accounts laid before them that day comprised the period which had elapsed between the Ist of January last and the 30th of June, without taking into the account anything relative to the business of 1848. The whole of the tradesmen's accounts and officers' salaries had been brought into the account, and therefore the statement before them truly showed the result of their business for the half-year. With regard to the balance, existing on the 31st of De. cember last, of 59,7771., he might observe that that was subject to tradesmen's bills and other accounts, which were let by contract, and did not generally come into the account except in the course of the following half year. In the course of March and April tradesmen's accounts had been pail, amounting to 44,9811.; the in come-tax, which had been previously entered as paid upon a profit of 110,0001., had been so by error, and that amount bad to be deducted from previous ac counts. In 1849, therefore, 5,801/. had been paid for that tax, which ought to have been paid in 1848; there had been paid on account to Mr. Harrison (the engineer) 4,3911., and to Mr. Alport (the contractor) 5,249/.; there was also an amount of stores belonging to 1849 carried to 1843 of 4,063/. In accord ance wi:h the recommendation of the committee of in vestigation relative to the doubtful debts, 10,0001. had been written off, and there had been other payments made upon various accounts, which left, after disposing of the 59,7771., an absolute deficit, up to the 31st of De cember last, of 38,789 l How that amount should be dealt with, the directors considered they ought to leave to the committee of investigation to decide, and there. fore it was that they had nut on that occasion recom mended the declaration of a dividend from the prefits of the last half-year. Ile ought also to state that the re ceipts and expenditure on the Hartlepool line were not included in th e ac c o un t s o f 1848, b u t we re so in the ac counts for 1849, brought forward that day. In the traffic of the last ofns compared with the correspond ing halflB4B, there was a lese on the passenger traffic of 4,4861. ; there traffic of 15,158 hod bee n an i ncrease on t h e goo d s The latter.,and a decr e a se on th e coa l t ra ffi c o f 14,7831. i e reduction Danish was in a great measure to be attributed to th ishbloekad e , but now that had been taken off, ho shad no doubt that tr a ffi c wou ld re vive. —(Hear.) Then therehatdbteen a con s id era bl e in crease in the expenditure, so that s a leir expendi ture general ilhnn r i e n su th lt e , he found that their revenue was 5 ,2 i 28/. 1 corresponding period cif last yea r , wh i le ture was 17,1861. more. There had been a defi ciency of 32.009 in the number of passee gces , arid first and second class had become almost merged in the third and fourtb.—(flear, hear.) The total amount of capieil upon which they had now to declare a dividend was 4,666.5661, Itativg only 470,000/. received upon the call made for January last ou (xtensien stock, which did not receive it.—(Hoar, hear) The Kelso branch had only been opened in the course of June, and therefore the intere-t upon the capital (triple. ed in the construction of that line did not come out of ri-venue for the Fast halt'. year. Willa regard to the 330,000/. borrowed from the Great North of England purchase stock, there were other works proceeding, the capital for which had not been fully called up, out of which that money would have to be repaid. He had no further observation to make, but he might state, for their inbrmation, that the I debenture debt of the company on the 30 t h of June last I amounted to 966 ; 9901. If any gentleman wished to ask any questions, he would be happy to give him all the information in his power.—(Hear.) Mr. CHATOR did not consider the accounts laid before them to be sufficiently full and explanatory. It ap peared from the accounts, as laid before them, that their revenue was 10,000/. per annum less, and their expenditure 35,0001. more than it was at the same period last year. Mr. FLEWS was not aware whether the Hon. Proprie tor had understood his explanation—that the Hartlepool accounts were now included in the statement, but were not so last year. Mr. CHATOR did not see that that made any difference in the question. If the Hartlepool expenditure was brought forward so were the receipts, and the compari son would therefore still stand good. Under these cir cumstances he thought they ought to be furnished with a list of the officers of the company, and the amount of their salaries; as, seeing that they had a diminished in come and an increased expenditure, it was desirable that they should practise every possible economy. He could not approve of the proposition contained in the report with regard to the Great North of England purchase. The CHAIRMAN explained that the proposition before the meeting was only to receive the report, and have it entered on the minutes of their proceecings. Mr. LOVE said, that as reference bad been made to the subject of the arrangement with the Hartlepool Rail way and Dock Company, he begged to say that the com mittee had not had time to inquire into it.—(Hear, hear.) He might state, however, that though the lease had not been entered into until the 14th of August, 1848, yet on the sth of January in that year 4.6001. had been taken out of the funds of the York, Newcastle, and Berwick Company, and handed over to the Hartlepool Company. He mentioned this circumstance now, that they might know it was under the consideration of the committee, and would be reported upon hereafter.—(Cheers.) It having been explained, in answer to a question by Mr. Wylie, that the entering the report on tne minutes did not in any way bind the shareholders to an approval of its contents, the resolution for its adoption was put and carried, with one dissentient. The CHAIRMAN next moved that interest, to the 30th of June, be paid out of capital on the extension stock called up on the 16th of January last. That resolu tion was only to carry out an arrangement under which the call had been paid, and which had, he believed, wet with the approbation of the committee of investigation. Mr. LOVE having assented, the resolution was put and carried unanimously. Mr. SIDNEY begged to ask the Chairman whether the board were prepared to resign their situation into the hands of the proprietors, and continue to act only until the shareholders could legally reconstruct the board? Mr. Teroatesore, of Moat-hall, said, that the question had been considered, and the committee were prepared with resolutions on the subject.—(Hear.) The CHAIRMAN begged to say, on behalf of himself and colleagues, that they were ready to resign their trust so soon as the shareholders had nominate d their suc cessors.—(Hear.) Mr. SIDNEY would then move that the resignation of the directors be at once accepted, and that they be re quested to hold office until their successors were ap pointed.—(Cheers.) The CHAIRMAN begged to remind the proprietors that that had been already done, and that the directors were now only holding office in compliance with a resolution of the proprietors, passed at the meeting of the 4th of May. Mr. THOMPSON thought it would be better, as proposed by Mr. Sidney, at once to proceed with the reconstruc tion of the board, and he would therefore bring forward a resolution on the subject. When he bad the - honour to appear before them on the 4th of May last, he proposed the appointment of a committee of investigation of which they had approved.—(Loud cheers.) Ile wou'd now ask them whether they were satisfied with the mode in which that committee had discharged their duties?— (Cries of " Yes," and loud applause.) If they were satisfied with the proceedings of that committee, he hoped they would now approve of the resolution he was about to bring forward, and delegate pro tempore some further power to the members of that committee—(Dear, hear)—na order to increase their efficiency. He would now therefore move that, as a temporary measure, in order to add to the efficiency of the board of directors, and enable them to pruceed with such legal proceedings as it might be considered desirable to adopt, four mem bers of the board be requested to resign, and that the Lord Mayor of York (Mr. Meek) and Messrs. M'Laren, Love, Leechman, and Kipling. be elected, to act in con junction with the two remaining directors (Messrs. Pl.ws and Wood) until the board should be permanently reconstructed—(Hear, hear)—it being understood that a new board would be elected on the committee present ing their final report.—(Cheers.) Mr. PRANCE had great pleasure in seconding the mo tion of Mr. Thompson. The LORD MAYOR of York said that it was with the greatest reluctance that he had consented to be nomi nated for a director, even as a temporary measure, and he should be very glad to be relieved of the office. How ever, looking at the position in which they all knew the company was now placed, and feeling the importance of an alteration being at once made in the management, he had consented 1:o act until the 4th of October, when be believed the committee would be enabled to make their final report.— (Cheers.) Mr. WYLIE supported the motion of Mr. Thompson . The object of that motion, as be understood it, was to enable the committee to act with greater efficiency in the performance of those duties which they had hitherto so efficiently and ably fulfilled.—(Loud cheers.) Ihe pro position now made was, in cfisct, carrying out a sugges tion which he brought forward at the last meeting that an alteration should be made in the board to insure legal proceedings being taken against Mr. Hudson, and thus hive effect to the resolution of the proprietors, as the pre sent board might naturally be expected to feel a delicacy in taking proceedings against a party with whom they had so long acted —(Hear, hear.) Mr. GLITCH (solicitor to the committee) stated that the meeting itself had no power of carrying out the resolu tion, but the directors had. They could fina elect two gentlemen to fill up the v a cancies at present existing at the board, and then some of the members of the board could retire and other gentlemen be elected in their places. Had notice of the intention to elect directors at that meetinv been given, the power would have been in the bands of the shareholders, but no such motion having been given, the only course ten to them to pursue was that which he had pointed out.—(Hear, hear.) Mr. LEEMAN was aware that they had the power of carrying out the resolution in the manner pointed out by Air. Gutch, the directors having adopted a similar course in the Liverpool, Manchester, and Newcastle Junction Company.—(Hear, hear,) . _ Sir J. Essimoi-E wished to ascertain from the two gentlemen proposed to be left on the board whether they were willing to co-operate with the gentlemen pro posed to be added to it, in endeavouring to promote the interest of the shareholders; and he also wished to know from the members of the o mmittee of investigation whether they considered they could act efficiently and harmoniously with those gentlemen? Mr. PLEWS said that he was not at all aware that he had in any way acted counter to the committee since it was first appointed. Since the 4th of May he had ab sented himself from his home in order to attend to the interests of that company, and if they adjourned until the 4th of October. he would continue to do so.— (Cheers.) He would then, if necessary, retire from their service, but in the meantime he would do every thing in his power to assist in carrying on the business of the company to the best of his abilities.—(Cheers.) Mr. NICHOLAS WOOD had never had any personal quarrel: with the committee of investigation, but he had endeavoured fairly to do his duty to the company ; and when he had differed from the committee, he had openly and frankly told them so.—(Cheers.) He would not pledge himself to any particular line of conduct, but ho felt it incumbent upon him to bow to the wishes of the shareholders, which he would endeavour to carry out, so far 23 he was able.—(Cheers.) He implored the share holders as soon as possible to bring about some system of regular and stable management.—(Hear , hear.) Mr. M`LABEN said, on th part of himself and his col leagues in the committee of investigation, he might ob• serve that they had acted harmoniously together for the last three mouths, and he therefore had no reason to suppoie that they could not do so for six weeks longer. —(Cheers.) With regard to acting with the two present directors proposed to be left upon the board, he could state that the committee had had frequent occasion to consult Mr. Plews, who they found full of knowledge on all questions connected with the company, and they could not have well done without his assistance.—(hear, hear.) Under all the circumstances, however, he be lieved that if the shareholders approved of the resolution, the proposed board would work cordially and harmo niously for the promotion of the interests of the company. Sir J. EASTHOPE and Mr. WYLIE having expressed their gratification at the explanation afforded to the meeting, the resolution was put and carried, with one dissentient, amidst loud cheers. Mr. THO3IPSON having called upon the directors to take the necessary steps for carrying out the resolution, The half.yearly meeting was then adjourned until after the business of the extraordinary meeting had been dis posed of. The directors then retired with their law advisers. During the absence of the directors, Mr. SHIELD took occasion to enter into a defence of his conduct in refusing to act with the committee in in stituting legal proceedings against Mr. Hudson. He had only once been casually introduced to that gentleman in the House of Commons, and bad never been in any way connected with bim either in public or private, beyond being a shareholder in companies of which Mr. Hudson was chairman.—(Cheers.) Mr. GuTca here entered, and stated that Mr. J. Meek, Lord Mayor of York, had been elected a director in the mom of Mr. Oxley, deceased, and Mr. Horatio Love, in the room of Mr. Hudson, resigned, and that the presence of those gentlemen was requested at a board meeting. This announcement was loudly cheered, and the gentlemen named retired from the meeting. Shortly afterwards the other members of the com mittee were also fetched from the meeting. On their return the Lot d Mayor of York to.,k the chair, and stated that he hal been elected chairman of the company pro rem., but he could only consent to hold the office to bring th e h ug i nesi o f t h at d ay to a c l ose . H e wou ld cell uptu Mr. Close to read the minutes of a board meeting which had taken place in another room.—(Cheers.) Johnwhich Simpson announced and the Messrs.re t i r En Davis,e t f Mr. CLOSE accordingly read the minutes referred to, and the election of ria h t a b r e d s o t. n o a radn and Tee , Sir ee the members f the committee of ' adjourned special in vestigation thereto. meeting was then further ad jouTrnheed u ntil . the 4th of October. EXTRA ORDINARY MEETINO An extraordinary g enera l meeting wa s then held for (as stated in the req u i s i t i on ) the follow in g " Of receiving any report or reports which mirrg:,eose : to sob meeting by the committe e of . 3 7 made laVestigetiou ap. pointed at the extraordinary general meeting of t time e;• holders held on the 4th day of May, 1849, or by the committee appointed at au adjournment of such last,- mentioned meeting, held on the 19th day of Judy, 1849." The SECRETARY having read the advertisement calling this weeting. The CIIAIRMAN said that it now became his duty to bring before them the third report of the committee of investigation. He extremely regretted it wes not the last, and in saying that, he was sure he represeeted the feelings of every member of the committee. The reason why it was not so was that they had not been enabled to get the account, so as to determine what they thought ought to be the course of the company with regard to them. Had it been possible to get the accounts from the accountants ten days since, they probably would have been enabled to close their labours, but not having done so, he was sorry to say, that in order fully to complete their investigation, they required a further period of six weeks.—(Hear, bear.) Ile was glad they had adopted the course they bad that day, believing that it would conduce to the well being and interests of the company. —(Cheers.) The committee had now to investigate the relations existing between this company and the Lan caster and Carlisle Company, the Hartlepool Deck and Railway lease, and Weft Durham share transactions. They had also to consider the best course to br adopted for the future management of the company. lie hoped, after the 4th of October, when the shareholders had elected a permanent beard, they would honestly, assi duously, and faithfully apply themselves to se curing and developing the resources of the line.—(Cries of " Hear, hear.") He cad not exi ect that any opinion of his as to their future di%idends would he considered of much value, but from his knowledge of the line, he be• lieved they might fairly expect to receive a minimum dividend of 4 per cent.—(Hear, hear.)—and he hoped, by good management, that it might be increased to 5 per cent., as he was convinced their line possessed ell the elements of prosperity.—(Cheers.) He concluded by moving that the report of the committee be re ceived.—(Cheers.) ' Mr. KIPLING having seconded the motion for the reception of the report, it was put and carried unani mously Mr. M'LABEN then rose to move the adoption of the report. It contained 15 different topics, and if separate r clutions were to be moved relative to each of them, it weuiel occupy the whole day. It was therefore proposed to take one general motion on the subject, and briefly to rier to the different heads, to give the proprietors an opportunity of asking for informati , n, or moving amend • ments it they thought fit. The first question of import. ance in the report 1 1% as the Great North of England pur chase; and all that the committee asked with regard to that was for - the shareholders to consider the proposed arrangement. The general scope of the plan proposed was to endeavour to bring about such a fair and equitnble arrangement between the two companies as si proceedings,u p r e v e n d t 1 supi t eeo h ar e rtrei n , ogenachre, regard r i b.tt))ehti the report, g t I . t h . h a ta v hd i e n g t tosh r h e eta c hr o ce,, u oh r mi on s l e mtdee t ir o tretsse l te ig s . aopo al rf. p all ro v p e a d r t o i parties.—(Bear, s t . , --- li s ( the directors would put themselves- in commu nication with the Great North of England Company f on the subject, and report the result at their next ed the motion, reserving any obser vations for the purpose of replying to objections which might be made to the report. , . Mr. SIDNEY called upon Mr. Plows, the chairman of the Great North of England Company, to say whether, at the recent meeting of that company, he saw such a friendly feeling towards this cc:ropany as should induce them to make overtures to that company, with a Nie w of coming to an arrangement without having recourse to legal proceedings. Mr. PLEws had done and would do everything in his power to bring about a friendly arrangement; and as long ago as May last he had offered to give 250,0001. shares in the Great North of England Connally for bonds in this company, which was refused. ll° believed that the shareholders generally would be willing to come to any arrangement, though without a special meeting on the subject he could not bind the shareholders to any particular course of action. Mr. SIDNEY was satisfied with that answer so far as it Mr. CHATOR oljeetrd to the payment for the line in six )ears, and begged to move " that it be extended to 10 yeare." Mr. FLEWS was satisfied that the discussion of the question at a public meeting would only lead to diffi culties in settling the question— (Cheers)—and therefore he thought the matter ought to be left in the hands of the directors. Mr. LOVE concurred in the observations of Mr. Plews, and stated that he considered they were only bound by the report to endeavour to come to some arrangement without binding themselves to the details. Mr. CHATOR having withdrawn his amendment, Mr. M`LAREN proceeded to remark on the other parts of the report. With regard to that portion relative to the Sunderland Docks, the committee had not come to any arrangement, as in the report they expressed a hope they would be able to do. Mr SIDNEY urged that every possible step should be taken to get the arrears paid up, as it was not fair to those who had paid to allow so large a sum to remain in arrear. _ The CHAIRMAN said, ho bad just been informed by Mr. Gutch that within the last few days instructions bad been given by the late board of directors that all parties in arrear should be proceeded against. The LORD MAYOR thought it would be better not to press the question. There had been some cases in which dividend had been allowed on the payment of their calls, deducting the interest on the time they were in arrear. Others had been paid dividends when the deposit only had been paid, and there were two partif , s who had re ctived dividends ,without either paying their calls or deposits.— (- Name, name.") He d:d not wish to be persond; but if called upon he would do so.—(" Name. name.") They were George Hudson—(hisses)—and Richard Nicholson.—(hisses.) After a short conversation relative to publishing the names of all parties who had received dividends fur calls not paid, Mr. M`LAREN suggested that the question should be postponed until the next meeting, and the matter left to the committee for consideration in the meantime. It having been understood that the matter should be left to the committee, who would be prepared with the list by the next meeting, the various points of the report were gone through, and the resolutio❑ for its adoption in its entirety carried, amidst luud cheers, which lasted some minutes. Mr. HucciNs rose amidst considerable confusion, owing to a large number of the shareholders retiring from the room, and stated that he was sure they must all eel under the deepest obligations to their worthy and Hon. Chairman and the other members of the com mittee of investigation, for the zeal and ability they had displayed in the performance of their onerous and arduous duties.—(Loud cheers.) It, therefore, be came the shareholders to support that committee by every means in their power, and to render it as efficient as possible. It was clear that from the first Mr. Phillipson had been of no use on the committee, he being, in fact, nothing more than a nominee of Mr. Hudson, and having refused to sign the first report. That gen tleman had since resigr.ed—a course which had been fol lowed by Mr. Shield, for reasons which he had himself explained to the meeting. He (Mr. Huggins), therefore, begged to move that the resignation of Messrs, Phillipson ar.d Shield be accepted, and that full powers be conferred on the remaining five committeemen to continue their in- Yestigation—three to form a quorum. Mr. W. BEVERLY seconded the motion, which was car ried by acclamation. Mr. PRANCE having alluded to the difficulties which had prevented legal proceedings being taken against Mr. Hudson, as directed by the meeting of the 19th of July, moved a resolution—" That the directors be now in structed to take such steps, either in law or equity, against that gentleman as counsel might advise." Mr. LOVE seconded the motion. The CHAIRMAN stated that, though the committee had not been able to take efficient proceedings, a bill was prepared, and it would be at once placed on tha file of the Court of Chancery on the company giving them the necessary authority on the subject. The committee had prepat ed a report on the subject, which Mr. Leeman would read. _ _ _ ..--- --- Mr. LEEMAN accordingly read the following:— "The undersigned, being five of the six members of the committee appointed at the last general meeting of the shareholders for the purpose of instituting legal pro cet dings to recover funds improperly taken from the company, have to report that in consequence of one member (Mr. Shield) having immediately after the ad journment of the meeting notified to the other members, as explained in the circular of the 20 of July last, his resolution not to act on such committee, and no authority having been given by the meeting for any portion of their number to act in the event of one member declin ing to serve, the five members did not feel themselves at liberty, after careful consideration, to institute the pro• ceedings directed, but they have taken all the necessary preliminary steps for the institution of such proceedings, and a bill in equity is now ready to be filed. (Signed) " JAMES MEEK. " D. SPLAnEtt. "JAMES LEECHMAN. " JOHN KIPLING. " lIORATIO LOVE." The resolution having been carried with one dissen ;lent (Mr. Glyn of Newcastle), the meeting was ad ourned until the 4th of October. The half-yearly meeting wus then reconstituted, and votes of thanks having been unanimously given to the chairman and the committee, also adjourned until the same day. The proceedings of the meeting, which was very crowded, lasted from half-past eleven to half-past three o'clock. BRITISH HO3I(F.OPATHIC ASSOCIATION.—A meeting of this Association, of which the Duke of Beaufort and the Marquis of Anglesey are president and vice-presi dent, was held on Wednesday evening, at Willis's Rooms. The report stated the number of members to be 1,270, and also that 1,300 volumes and 11,000 pamphlet s on hotece ;pathy had been distributed by the Association during the current year. After an address from the chairman, Mr. Sampson, followed by speeches from Captain Warde, R.A., the Hon. Augustus Moreton, Thomas Uwins, Drs. Quin, Chapman, C. Holland, and others, a resolution was carried for the immediate establi-firnent of a London Horreepathic Hospital. BOTTLE rouND ON THE HOLV WELL SANDS.—A bottle, containing the following written document, was picked up on the Holywell Sands, about nine miles east of ht. Agnes, Truro, Cornwall, by one of the coast guard, at str en o'clock A.M , of the 17th inst.:—" Brig Mary Allan, of Irvine, Captain Boyd, Montreal to Liver pool, sailed from Quebec on the 18th of Nov., 1848. Put overboard on the 30th of Nov., 1848, at one, P.M. Lat., by observation, 50 55 N.; long., by chronometer, 32 10 W." The writer requests the finder of it to give pub licity to the time when picked up, with the latitude and longitude. RATURDAY EVELSITMG, AUGUST VI Mg, SPIRIT of the PUBLIC JOURNALS. TIMES.—In spite of the undoubted courage and the great ability disp!ayed by many of the leaders of the Hungarian insurrection, a careful examination of the operations of the campaign and a correct appreciation of the real forces of Hungary had lone , since left us no doubt as to the final result. The great victory of Ge neral Haynau at the battle of Temosvar, fought in the neighbourhood of that city on the 10th instant, and the submission of General Georgey at the head of his entire division, have appeared to give an abrupt termination to the struggle; but in reality both these events were the results to which the whole plan of the campaign obvi ously tended. From the moment that the advance of the maiu body of the Russians had secured the line of the Upper Theiss, the cemmunication between Georgey and the principal forces of the Magyars was obviously cut off. That General manosuvred with great skill and ra pidity so as to avoid a general action with a superior force; he harassed the rear of the Russian army, anal made more than one attempt to cut his way to the south. But although these operations ranged over a consider. able extent of country, they could not end otherwise than they have done. Georgey was acting without any regular basis, and a ith no means of procuring supplies except those he took from the enemy. The submission of his corps was therefore inevitable. We know not how far political considerations may have con trihuted to this result. Georgey was known to enter tain opinions strongly opposed to the revolutionary schemes of Kossuth, tend though nu one has fought more gallantly than he has dune for the national came, he is sail to have retained a strong feeling of regard for that Empire and that army against which he found himself almost casually arrayed. Mere soldiers of fortune and foreigners, like Dembinski and Bcm, were of course prepared to tight to the last extremity, and the instiga tors of the revolution, like Kossuth, could have no hope but in resistance; but the military chiefs of the Mug gars, like Georgey, Klapka ' and Messaros, were con nected with Austria by very different ties, and the time will come when they will again serve in defence of the Empire as manfully as they have done for their native kingdom. The probability is, therefore, that in sur renderingessityyielded, not only to a conviction that the cause of uecof at war,Vi l g butos , tGeorgeyo a the Hungarian revolution could no longer be defended without destruction to both the contending parties. The blow which had already been struck on the 10th by the great victory of Haynau at Teinesvar was, however, even more decisive. The district lying between the Theiss, the Mares, and the Danube had long been marked cut as the scene of the last decisive battle. The advance of Paskewitch to Grosswardein, of Luders on the east, and of Haynau upon Szegedin, had narrowed the insurrection to that point; and even there the .Aus trian garrison of Temesvar, under General Rukowina, still held out against the most violent attacks. BAn had arrived at the Magyar position on the 9 . 11, and immedi ately took the chief command of the national army. He was attacked on the following day by the Imperial forces, which had pressed on with extreme rapidity after the battle of Szereg, near Szegedin; and iu spite of the strength of the ground, the Hungarians were routed by the main body of the Austrians, supported by one divi sion of the Russians under Paniutine. Towards the close of the battle Prince Lichtenstein's reserve division arrived, by good fortune, by the Arad road and cem pkted the defeat of the enemy. It is probable that after tf ese tremendous blows Kossuth and the Poles will effect their escape across the Turkish frontier, and all organized resistance may, we hope, be considered at an end. In spite of the violence of this conflict, and the absolute triumph which appears to have crowned the efforts of the Imperial armies, it is most earnestly to be hoped that the Austrian Government will dismiss every feeling of irritation towards the de feated party, and proceed to reorganize the kingdom of Hungary on terms which may revive the loyal y and good feeling of that important portion of its dominions. We have constantly maintained that there have been throughout this insurrection two parties in Hungary— the one revolutionary, the other, not revolutionary, but national; the former has, we trust, been annihilated; the latter has rights which no defeat can efface, and its national character and spirit constitute one of the brightest j: well in the Imperial Crown. It is indis pensable for the welfare and security of Austria and of Hungary that these vigorous shoots should be entwine d in the constitution of the monarchy, and that the State sheuld rest not on the subjugation of either, but on the consolidaeed and equitable union of both. Ahovo all y we trust that nothing will lead the Austrian Govern• meat to repent the fatal experiment of the Emperor of Russia, by tidying into exile the most ardent and intelli- Poles, the Bedouins of Europe, because they have. been gent portion of his subjects, until they become , like the de prived of their own natural and national rights. It is the duty of a State to govern its subjects, not to exile them', and still less to inflict on foreign countries a populatiea which it cannot render happy and contented at home. The Austrian Cabit:et still adheres to the execution of the great constitutional project of the 4th of March, by which all parts of the empire are to be confounded in one vast Sy stem of representative government ; and it is obvious that if any National Assembly is to be practi cally invested with this amount of supreme power, such an assembly must be one in its structure and authority, :hough it include, like the Imperial Parliament of the United Kingdom, the representatives of three or more nations. We have seen that the Crown and the army do constitute a powerful and enduring bond of union be tween the various provinces of the Austrian Empire. The question which has now to be decided is, whether the same connexion can be maintained by the common liberties and patriotism of the people. Upon the success of thatexperiment depends the dissolution of the Austrian monarchy or the gradual extension of union, civiliza tion, and freed-am to races and provinces which a jealous and imperfect system of government has kept too widely apart. In such a system of Government Hun g&ry would claim and exercise a large, and perhaps a preponderating part, and though we confess that we look with great doubt to the fulfilment of a scheme which requires so m.ny sacrifices of prejudice and tradition, yet we are convinced that in the hands of an able Mi nister and a Liberal Sovereign such a combination would raise the Austrian Empire from its ashe s and promote the common welfare of all its members. In Hungary we botieve that no inconsiderable part of the popula tion, from the highest nobles to the peasantry, will hail the return Of peace with enthusiasm, and rally round the Emperor Francis Joseph; and Kith regard to the Rus• sian intervention, which cannot but have left the mast painful impression in the country, we trust the Emperor of Russia will give the most effectual proof of his disin terested policy by withdrawing his forces with the least possible delay. HERALD.—If we abstained from making any remarks yesterday on the news purporting to come from Hun gary, it was not because we did not regard the question with absorbing interest, or consider the Hungarian cause of the greatest magnitude and importance—but really and truly there have been of late so many and such con tradictory bulletins—news so conflicting and so various have arrived on one and the same day, that we may well be forgiven by our readers fur pausing till the rumours of yesterday and the thy before had received some con firmation from France and Germany. Though the de tails given in our impression of yesterday are not so precise and particular as we could wish, still there is that convenient certainty about them, to use the jargon of the lawyers, that one can no longer doubt that the Hunga rian General, Georgey, has submitted to the Russian General, Field-Marshal Paskewitch (and not Paskie• witch, as nearly all the London papers incorrectly call him), either with or without conditions. Uninformed as we are as to facts, it cannot be supposed that we should be prepared to pronounce an opinion on all the details of the negotiation. But this we may at least say, that the Hungarian generals have borne themselves so gallantly during the last three months— have exhibited such chivalrous bravery—such consum mate strategy—and such pure patriotism and love of country—that we cannot suppose that a man like Georgey, standing preeminent among these generals, would have surrendered to the Russian field-marshal until he had seen that all the efforts that courage and despair could supply were wholly exhausted. Su long as hope, or the shadow of hope, was left, Georgey, we believe, withstood the power of the allied Austrian and Russian armits; but now that the fortune of war, and the power and number, rather than the skill and ability of his ene mies, have triumphed, Georgey, perhaps, has done the wisest thing in ceasing to prolong a contest, which must be continued at an immense expense of suf fering and of blood, at an expense of men and money, and possibly also the certainty of a European war. Re gard the question es we may, there was, perhaps, but a choice of evils. Either for a gallant pecple to des 'perately and hopelessly continue the struggle for their ancient constitutio❑ st.d laws, at an immense disadvan tsge, or having unsuccessfully made such efforts as puhli opinion i❑ Hungary sanctioned, to have surrendered with honour,—to have surrendered, having fought the good fight, without shame and without reproach. This Georeey, and a vast number of Hungarian officers and men appear to have done, and there can, we think, be little question that the loudly-expressed public opinion of Eure pe will secure to the Hungarian nation that for which the best men in Hungary have been all along contending—and contending with arms in their hands—namely, her constitution and her laws—a con stitution of the most ancient, and laws venerable and sacred. It is because we desire to see the Austrian empire stroeg and united that we would now impress on the Cabinet of Vienna the necessity of henceforth governing the people of Hungary according to the spirit and letter of their ancient constitution. Governed in such a spirit, this brave and gallant people must be come a source of strength—must be at once the spear and shield of the Austrian monarchy—whereas, if mea sures of vengeance and coercion be resorted to, the struggle may be again renewed with greater bitterness than before. It is because we desire nut the dismember ment of the Austrian empire, and should wish to see that empire great and powerful, that we would press on the other Cabinets of Europe the necessity of now interposing by negotiation—and of endea vouring to secure to Hungary that which is con stitutionally and legally her right. In uttering this opinion, we adhere to the views which we expressed seven or eight months ago, antecedently to the pc riod when the Hungarian cause was eneuailered with the help of many mouthieg demagogues of the metropolitan boroughs, and of the great neinufacCuring Ww ll B—delpagot;ues who but repeat the stereotyped articles which we hive seen in one daily and three or four weekly journals, and which all evidently proceed, with a slight variation of phrase—and possibly for seine very well understood cause—from the same woe kshop. That such meetings, or such arguments or articles as have been recently urged and written in favour of Hun gary by some of our ultra Radicals, and one daily and several weekly prints here, could have in any way sub served the great cause at issue in Hungary, we more than doubt. The position of the question is now, how ever, such that diplomacy may fktingly intervene, v hen the crash of arms and the more noxious babbling of 10 pounders have ceased; and we trust that Viscount Pal merston and her Majesty's Ministers will lose not ft moment in co-operation with the French Govern ment in urging on the Cabinet of Vienna the long neglected truth, that by acting in a legal and constitutional spirit towards Hungary, that king dom may be won back to a loyall and enthusialen -uch as prevailed in the time of Maria Theresa.. Nothing but such a course as this can pacify Hungary, save Austria, or secure tranquillity for any length of time in Europe. The moment appears opportune for peace and reconciliation ; for though Hungary has learned her own strength and Austria her own weakness in late encounters, yet the best and most en lightened men both in Austria and Hungary feel that a great and enduring empire can only exist by the inti mate union of the two kingdoms—by the union of the empire of Austria with the kingdom of Hungary. This being so, we trust the constitutional Emperor of Austria will henceforth act and feel as though he were King of Hungary, and King on the condition of rtepecting the laws and constitution of the Magyars. If the obligations which Austria has incurred to ltusAa could by any manner of means interpose an obstacle to this great duty of the Austrian Emre ror. and his Cabinet, such obligations would become a Eu ropean calamity, disturbing the balance of power, inter fering with the volition of au empire, and the happiness and constitutional rights of a dependency. But ac trust that Russia will now see fit to withdraw her armies trom flung , ry, and by her wise counsels prove a disinterested friend, and nut a dangerous ally. It is impossible how ever to conceal from ourselves or others the dangerous precedent that has been created by this Muscovite inter ference, and the large margin which such interfere , nce gives to Russia to intrigue in Austria, in Hungary, in the Danubian principaliCes, and even in Turkey itself. If there were a wife) or honest Govern- ment in France, or an able President, such aspects of the subject might be in a great degree disregarded. But with a Louis Napoleon Bonaparte President, who may within a week become the creature and tool of Russia, such considerations force themselves ou the attention of the most casual observer. TIMES.—The Peace Congress is in full vigour at Paris. We will not yield one whit to these talking gentlemen in our sincere and earnest desire for the estab lishment of peace and tranquillity in every quarter of the habitable world. Did we think such efforts would he of any avail, we would subscribe largely to the main tenance of peace panegyrists, whose duty it sly - suld be to wander from country to country and recite the epi thets of the meek-eyed goddess. Mr. Hullah's classes should be instructed to chant secular odes in the same direction, and national festivities be established to cele brate the spiking of the last twelve-pounder to be found above ground. We also long for that blissful day when— " No more shall nation against nation rise, Nor ardent warriors meet with hateful eyes, Nor fields with gleaming steel be covered o'er, And brazen trumpets kindle rage no more; But useless lances into scythes shall bend, And the broad falchion in a ploughshare end." We are well aware that more than one poet of a relaxed imagination has indulged in such dreams as these ; but we must be pardoned for doubting if the time have come for putting their suggestions into practice. A short bill, embodying the aspirations of Pope's " Messiah," would be a strange 'addition to the municipal statute-book ; or an European treaty of the like nature a still stranger supplement to the general law of nations. These peace showmen are somewhat shifty in their grounds of arguments. They are ready fur their opponents either at black or white. The first thing to be done in discussing the matter is to admit on both sides that "Peace is a tine thing." That done, as the next step, the partisan of the Congress will tell you that peace doctrines are either making way in Europe or they are at a lamentable di-count. In the first case there is every reason for persisting in a movement which has already wet with so flsttering an encourage ment; on the second hypothesis, there is a reason the more, for vigorous exertion when affairs are in such a desperate state. Thus facts are bent to meet the views of the peacemongers, or rather, they proceed with a noble contempt of the facts before their faces. L may be asked, why, since we are agreed upon the advantages of perpetual ileac: - -could it be obtained—should we enter a protest against the proceedings of a party who are at worst but harmless enthusiasts ? We answer, they are not harmless, but very mischievous enthusiasts. We find in the first resolution of the Peace Congress the following words—"As peace alone can secure the ineral and material interests of na;lons, it is the duty of all Governments to submit to arbitration ail differences that arise between them, aral to rasp:et the decisions of the arbitrators whom they may choose." Now, admit tieg for argument's sake that which it would be madness to admit in earnest, that it Would be possible to work out in practice the spirit of this most absurd concatenation of words, and that eagles or vultures could be' induced to submit to the mild suggestions of a congress of ring doves, let us tee what would be the first result as far as we ourselves are concerned. The nations in Europe differing the most from us in social des-elopement need but pick a quarrel with us upoa any given topic—we will say a colonial one in the east, something about Borneo, for instance—and, according to the terms of the peace-resolution, arbitrators must be called in, a Dutchman and a Spaniard, for example. Should any little difference again arise between Eng• land and Ghoolab Singh, the Czar of Russia might, no doubt, be induced tus arbitrate upon the matter. So on with other questions, not only as far as Eng land is concerned. The Government of every consider able people will be bound to repudiate distinctly a prin ciple which would place the country for whose interests they are bound to act at the mercy of a knot of foreigners who would bring nothing to the question but prejudices nod interests of their own. " But," say the members of the Congress, " we will have nothing more to do with diplomatists, or military men, or lawyers, or any of the old trades which have made their preth of the misery of mankind. We, welt have men of letters and science— men whose souls are deep in black-letter chronicles, or vvandei leg amongst the stars, for our arbitrators. We will tear these sublime cosmopolites away for a moment from their folios and their spheres, and implore them to throw one pitying glance upon the perturbations of fretful humanity, and they shall be the oracles of the world." Now, with all due rest ect for literary and scientific notabilities, they are to our apprehension the very worst persons who could be selected for such an office. Have we not in our cellars lades of printed vituperations, the result of the consultations of the German Professors at Frankfort ? Would M. Arago be a good arbitrator upon a political cpievion, even with the assistance of a retired senior proctor from Oxford or Cambridge? We doubt it. Things are beater as they are. No goad will ever come of setting up a practical falsehood as the standard of conduct for eivi• lized Europe. Such we hold the assertion to be, that a se stein of arbitration like that suggested by the Con gress is possible; or if possible, would be, of general advantage. We are, we repeat it, as much in earnest as the most diffuse speaker at the Congress to put a atop to a calamity so fearful as war, but the method proposed would have a tendency to aggravate, arid not to allay disputes. We strongly recommend any person who might at first be led astray by the high-sounding aspi rations of the Congress to sit down, and think over carefully with himself the consequences that would flow from submitting the interests of England to the arbitra tion of Foreign Powers. If half-an-hour's cool reflection upon this point does not cure him of his admiration for the Congress, he is past remedy, and had better set off by the earliest train and enrol himself amongst the wiseacres at Paris. It is of course needless for us to cull attention to the speech delivered by M. Victor Hugo, a report of which will be found in another portion of our columns. It is eloquent, as anything must be that comes from the author of Ndtre Dame, but contains nearly as many fallacies as words. For example, the speaker was loudly cheered when he stated that as in internal dis putes between the various provinces of France the Nor mans did not now attack the Picardians, nor the people of Lorraine wage war against the Burgundians; and, as in their contests the French provinces submit to the ar bitration of " France," so the day is near at hand when European nations, instead of going to war, will argue their differences before the tribunal of an united " Eu rope." Of course M. Victor Hugo would not fine down his position to a mere squabble about geographical terms, for we should certainty be compelled to admit that Picardy does not eo nomine levy war against Normendy. We are, however, at a loss to understand how M. Victor Hugo could have the courage to stand up in a ro om i n the Chause3 d'Antin and make such an assertion, when his audience, on sauntering home by the way of the Boulevards, need but have cast their eyes up to the very striking evidence of the manner in which Frenchmen settle their internal disputes. Abstraction made of the cries of the day, was Paris at all in a m ire peaceful condition last year than at the wildest period of the League or the Fronde? We notice this particular fallacy of M. Victor Hugo's rather than any other, because it leads us to a very striking feature in the pre sent condition of Europe. The Peace Congress is merely beating the air. Wars of nation against nation are nut thee evil of the day, but the contests between classes in the same country. Europe is already so much governed by the representatives of tax-payers, that an European war is an affair of improbable occurrence. Even in coun tries where constitutional government is not understood, the ruling power would be very slow, fur its own sake, to impose taxes for the purposes of war. Europe HAS remained at peace, althou s h European society has gone through convulsions in the course of the last five years of which history presents no example since the breaking up of the Roman Empire. We say this is a very remark able fact, and at the same time it shows pretty strongly of how unpractical and visionary a class the Peace Cou gross is composed. They are not directing their efforts against the substance, but the shadow—they are prescrib ing for a particular disease while the patient is dying of its opposite. We are fanatics in the cause of peace, but defend us from the Peace Congress! . . SUPPOSED IRISH MURDERER.—The following case was heard on Thursday last, at Cambridge, before the Rev. W. Smith :—Anthony Timlin, from Ballintule, county Roscommon, charged Michael Aygan, from Bal lymoer, county Westmeath (both Irish reapers, who had been working at Cottenharn), upon his own confession, whh having committed murder. From the witness's evidence it appeared that he and the prisoner met in London, and there . Ay•gao told him that he could not return to his own country again, es he had shot a g---n -tletnan who had taken his uhcle's land, he espi , cting to have his uncle's property at l.is death. Ile alio said it' he could find out that the gentleman w,ts really dead, he would go over and 1 etch enough money to carry them both over to America. Ile dial not say who gentle man was, nor when the murder was coaatnittac" ; the witness also said that he had placed some money iit.the prisoner's hands, which he refused to return, and so he brought this charge. The magistrate remanded the pris-ner till the Ist of September ; and as the witness could not tied sureties he was sent to prison also. The prisoner said his uncle's name was Boyd, and that the agent's name was Featherstone. It may be remembered that last year a similar avowal of the murder of Major Mahon was made at Peterborough, by an Irish reaper, and he was afterwards convicted. —Bury Post. NAVAL INTELLIGENCE. PORTSMOUTH, - THURSDAY.—A court of ilAuiry has been sitting to-day on board the Sphynx steam sloop, to adjudge the blame in the matter of that ven6el coming in cAision with the merchant barque, Qintri of Briulin. The royal yacht Victoria and Albert, Captain Lord Adolphus Fitzelattnce., G.C.11., is expected here on Sa turday from Scotland, her Majesty and the Court having determined to return to the metropolis overland. The Encounter, screw•c,,rvette, and the Sphynx, paddle steam-sloop, are ordered to be prepared for officers and men. The Myrtle steam-tender left to-day for Plymouth, with supernumeraries from the Dse:lulus and Alarm. The Flying Fish, 12, Commander Patey, was un docked to-day, after having her copper scrubbed, and gave place to the Elfin royal dispatch yacht, Master Commander Rilliston, to have some pipes fixed in her bottom connected with the steam escape. FRIDAY.—Mr. Grant, of the Clarence-yard, exhibited this at icremon a tux ther improved cooking and distilling apparatus, whose simplification is even more perfect then that of those already in use on troaid her Majesty's ships Illustrious, Arrogant, Rey nard, and Plumper. Ttds new structure distils 3U gallons of pure aerated water from salt per hour with the same fuel as employed in cooking the victuals, which is d:•ne at the same tune ter 700 nun. Vie believe this apparatus is in:ended for the new frigate Termagant. Many naval and scientific officers we le presi at at the exhibition of its success to day, and all were struck with its capabilities to accom plish the objects sought. The Sphynx steam-sloop is ordered to be commissioned at this port by Commander IL Schoenberg (1841) for foreign service, besides whom the following officers have b:en appointed to her:—Lieut. 11. P. de kantzow; MaB - T. W. Sullivan; Paymaster and Punier, E. I3.•Ro bins; Clerk, H. T. Rayner. The Encounter was hauled down in readiness for the pendant this morning. The Flying Fish hauled off alongside the Veteran hulk this morning._ Lieutcnaa Kaye, director of the Magnetic Observa- tory at 'Lamm Town, Van Diemen's Land, is promoted to the rank of Commander. GARRISON APPOINTMENT. The office of Town-major of this garrison is vacant by the promotion of Captain Lyons to a Majority in the 23d Royal Welch Fusileers. It is hoped the berth will be given to Lieutenant O'Brien, of the 77th, who was acting Town-major until the appointment of Captain Lyons, and is now again doing the duty. ROYAL MARINES. The following premotious and appointments have taken place, consequent on the retirement on full pay of Captain Peter John James Dusantoy, dated the 21st of August, 1819: First Lieutenant Charles Ogilvy Hawley, of the Ports mouth division, to be Captain, and appointed to the same division, vice Dusantoy, &c. Second Lieutenant William Henry Worthy Bennett, of the Plymouth division, to be First Lieutenant, and appointed to the Portsmouth division, vice Hawley, pro moted. WOOLWICH, AUGUST 24.—The Vulcan steam troop vessel, of 1,740 tons burden, constructed of iron by Mr. Mare, Blackwall, and fitted with auxiliary engines cf 350-horse power,! and a screw-propeller by Messrs. George and Sir John Rennie, went down the river on a preliminary trial at 5.10 A.M. to-day, under the charge of Mr. Gosman, Master of the Fisgard frigate, and having on board Captain Sir Frederick Nicolson, Cap tain 'l'. Harvey, Captain W. H. Stewart, Captain Rod ney Muridy, Commander H. Blair, Commander C. Cod rington Forsyth, and Lieutenant T. Tickell, R N., at present stud) ing steam at Woolwich Dockyard; Lieute nant EcLapperie, of the Russian Navy, Mr. George Rennie, Mr. Humphries, Chief Engineer, and Mr. Trickett, As,istant to the Chief Engineer, Woolwich Dockyard; Mr. Dinnen, Inspector of steam Machinery Afloat; and Mr. Casey, Chief Engineer to Captain Aus tin's department. The engines are on the direct action principle, and have tour cylinders, each having a two-feet stroke, and they are su admirably constructed and well put together as to give a continuous action or considerable power and great velocity, the screw-propeller making 67 revolu tions per minute, the screw being 14 feet in diameter, and the pitch 16 feet 6 incites. Oa arriving at the measured aide at Long,Reach the time was taken, and the Vulcan accomplished the di,tance in 5.13 minutes, with the tide, being at the rate of 11.502 knots per hour. On ri turning against the tide, the measured mile was run in 7.47 minutes, or at the rate of 7 709 knots per hour, giving an average speed of 9 605 knots pi r hour, a very sati,factory result to be obtained from auxiliary power in a vessel of such magnitude as the Vulcan is. The engines worked well during the trial, and are amply protected, being considerably under the water line. The Vulcan returned to Woolwich, where she arrived at 7.55 A at. Mr. Stuart, the pilot, had a very arduous tack to navigate her back, the river being so full of vessels croi sing each other on their various tacks, with but little wind to enable them to move, except with the tidal current. The . Lightning, steam-vessel, Master-Commander Pet ley, arrived this morning at Woolwich, from attending on the Lorr!s of the Admiralty during their visit to the Cnannel Islands and eastern naval ports. The Lizard steam• vessel, Lieutenaut-Ccmmander llol liuworth, was paid off at this port to-day. The Ddelainpus, 42, Commander Mason (acting cap tain, was paid off yesterday at Chatham, and several of her crew passed through Woolwich to-day for Liverpool and other ports. NloLkey steam. vessel towed the Princess Royal to Deptford yesterday, to be revictualled previous to the embarkation of the company of Royal ; Artillery for Gibralrar. The Monkey also followed the Vdeal down the river to-day during the preliminary trial of the latter vessel. Orders were received at this dockyard on Thursday appointing Mr. Jenkins to the vacant storekcepership at Devoupott, and Air. Gottlieb to that at Woolwich, caused by Mr. Jenkins's removal, the Admiralty having b: en pleased to make this arrangement in compliance with the mutual preferences of these gentlemen for the yards to which they are now respectively nominated. CHATHAM, A cc. 24. Tne Meance, 80 guns,. Acting Commander Inglefield, and the Melampus, 42, Captain, Mason (acting), were paid off into ordinary on Thurs day, the 23d ittA. The marines, consisting of 1 lieute nant, 2 sergeants, and 31 privates, embarked from the Meanee the same afternoon on board the Pigmy steam packet, for Portsmouth, to join the head-quarters of their division. The Phaeton, 50 guns, which was ordered to be fitted as an advanced ship at this port, is now to be navigated to Sheerness to be fitted for commission. The Daring, 12 guns, is to be taken into dock next week, vacated by the Juno, 26, for the purpose of under going a complete repair. The Gloucester, 50, has been removed from Chatham to Gillingham reach. The B r ink Prince, 72, in ordinary, has been fitted for the rec. ption of 500 marines and their families, in the event of it being necessary to send them from the bar racks on account of the cholera. The bi-dding and stores are to be furnished from the Ordnance Depart• men t. Arrived the barque Edmund, Mr. R. Bickford master, from Sierra Leone, with a cargo of African teak for this dockyard. The Falmouth lighter has also arrived with stores from Plymouth, and the Aid naval lighter sailed this day with stores for Portsmouth dockyard. Mr. Clother, timber inspector, has been sent from this yard, accompanied by a stationed shipwright, to select timber in different parts of the kingdom for this dock yard. Edward Adams, first-class joiner of this yard, has been appointed leading man, vice Colgate, promoted to inspector at Sheerness. Owen, shipwright's apprentice, son of James Owen, a shipwright in this yard, has been selected by the Admiralty to study at the school at Portsmouth. i THE COUNTRY MARKETS. WAKEFIELD; AUG. 24.—The arrivals are limited. The continued fine weather causes our millers to rests ict their purchases as much as possible, and we have little business passing in any article; good English wheat being in few hands nearly maintains late prices, whilst foreign continues neglected. No change in the value of outs, shelling, or beans, and the demand trifling. New. Old. WHEAT, per qr. 601bs per bushel:— s. B. S. s. Suflulk, Essex, and Kent, red ... —to 47 to 49 Ditto, white 50 —52 Norfolk and Hunts., red ... 46 —4B Ditto, white 50 52 Lincolnshire and Cambridge, red ... —— 45 -47 Ditto, white ... 50 - 52 Yorkshire, red 45 47 Ditto, white ... 50 .... 52 Dantzic and Konigsburg, white .. 48 —52 Lower Baltic and Hamburgh, red... —— 44 —46 Mediterranean, red ... ••• 38 42 BARLEY, per quarter of 8 bushels:— Norfolk and Suffolk... ... Lincolnshire and Yorkshire Scotch ••• ••• ••• Grinding per 30 stone ... 22 —24 —— Foreign ... ..• ... 24 —2B BEANS, per quarter of 8 bushels 631b:— S'mall, fine ... .32 35 :30 —32 Ticks ... 30 —33 29 —1: Foreign ... 28 31 OATS, per stone:— Bleating • ••• Feeding ... Foreign ... SHELLING, per load of 261 MALT, per load of 6 imperia. PEAS, per Imperial Quarter Blue and white boilers Grey and Feed 9d to 100 —d to —d ... 8d to 10d —d to —d ... 8d to lOU —d to —d Ilb ... 24 25 -- - 1 bushels 38 41 PALO. Qrs. Wheat ••• ••• • • 7,245 Barley ... ... 978 Oats ••• ••• ••• ••• 859 Be••• ••• ••• 57U Peas ... ... 229 Tares ••• •• • •• • •• • ... 30 - 33 ... 26 - 28 Rapeseed ... ... ... Shelling ... ... ... 230 Linseed .. ... .. Malt ... ••• • • ... .... Flour ... ... ... „„,.. LIVERPOOL, Auc. 24.—Wire have had an arrival of 6,780 quarters of foreign wheat the last two day s , most l y from Dutch ports, but of other articles the supplies are trifling. The weather is of the meat splendid character for cutting the ereps, which are all truly fine in this quarter. Thu limited scale. Pu rc h a ,. es o f wheat might have been effected on easier terms. Approved brans of Flour brought late prices. There was no alteration en Tues day's quotations for either oats, barley, beans, or peas. There was less Indian corn offering, and, with a spell lailve feeling, it was considered 6d to is per qr. dearer than on Tuesday. NEWBURY, Attic 2 3.—T0-day's market is moderately suppfied with wheat, some quantity of which consists of the new crop; such is gf'nerany qty)lity, and most of it in good condition, the weight varying from 63 to 65 lbs. per bushel. New commanded a ready sale, at rates from 48s to 54s per quarter. Old in slow request at unaltered rates. Barley, beans, Oats, and Peas, moderate supply, and i❑ but Hai() rtquest, at about the rates of last w<.,elc. EXETER, AUGUST 24. Cattle Market --- There was but a mod,sratee supply of beasts driven in, but the tetaket was well supplied with sheep and lambs. Yies of the fit bullocks met a ready sale, at from 8i to 93 per :core, the latter bring the very top figure. As the re were many dealers in the market, things went off Mor e briskly than has been the case for the last two or three weeks. Cows and calves from 81 to 131. Barreners, 53 per score. Butchers' calves, 4i I to sd. Primo fa t wether sheep were worth full 5d per lb; ewes, 410 to 411 per Ib; fat lambs, 54e.i. per lb. Store, wether boggy 253 to 32s each; store lambs, Iss to 183 ditto. p erk Carcases—A large supply considering the time of the year, which could only be sold by taking lower Pric es than last week. To-day prices ranged , at from 8; to 9 3 • per score. Pannier—Turkey poults, 4s to 5s 6d each; geese, 53 to 6s 6d ditto; ducks, 3s 6d to 5s per coull fowls, 23 61 to 4s ditto; ley: rets, 2s 6d to 3 , „" ci each; pigeons, 10d ditto ; roasters, 4s 6d to 5 ' " ditto. Butter, 10:1 to 10i1 per lb; eggs, 1 8 tn 20 for Is. Potatocss, 6d to 8d per score. Exchange—The mark e t h as no t di sp l ace d re", animation today, although samples o f w h ea t, both lie' and old, have been pleetiCul. The new wheat is g' , p e. rally in good condition, equal in value, and in the cour se of a week or two will b e wor th more t h an o ld. nice! to day have barely touched 5 9 1 per huJhrl fur the best samples; 5s 6,1 per bush e l was o ff ere d b y t h e m illers, ba t these terms were not generally agreed to by the grower s ' who prefer waiting a little tenger; for the best for eil4 l wheat 48s per quarter was a s k e d,. but up to the tiin e ,,, going to press that pri ce h a d no t been giv( n. F"r e, ' 6 red wheat was offered at 40 3 to 43 s per:quarter. Forel o barley fir feeding, 3s 3d per bushel. English malt" barley about 33 9d to 3 s 10d. F ore i gn oats, 2 s 83 ~Pe , i ; bushel. English ditto. 2s 61 t o 2 3 101 Fine flour , '.-$ to 34s per sack of 2Solbs, th e l a tt er fi gure b e i n g csk e°- nominal.— Western Times. 1, hal BRISTOL SUGAR MARKET, AUG. 24.—Th e marwe- r , - 1 , 4 'been rather treely suppl ie d w ith samp l es this we lit chiefly by one of our larg es t i m p or ti ng houses, and ü b°- 600 hhds, and tierces W es t I n di a , most l y 'Trinida dg, have found buyers, at from 363 to 37s 6d, which are C°U sidered very moderate prices, and confirM a decline °. from is to Is 6d per cwt under the r a t e ru li n g here ; the commencement of the mon th. B y public sue, ti°s j 3,000 mats Mauritius (a d a m age d p arce l) all Inc 11 , buyers, at steady rates. Refin e d i s w ith ou t alterati o —Bristol Mercury. c , NORTHALLERTON, A rel. 22.—Wheat (white), u - „ 6s 6d; red, 53 6:1 to 6,1; oats, is 93 to 2s 6d; be tl l 4s 6d to 4s 9d; barley, 3s 61 to 4s per bushel. n f prime sampl e o f new w h eat, s h own by Mr. petering Northallerton, sold at 6s 6d, weight 9 stone 7 110 1 ) `" boll, net. RIPON, Aua. 23.—We had a f a i r average supply of grain at this day's market. Wheat experienced $ 111 1 „, - ; ther reduction of 2s the quarter. Beans and ba r 3 - a steady. Outs rather better sold. White wheat 65 ,4 to 63 9d; red ditto, 5s 9d to 63 6d; beans, 4s 6d to 45 1. 7 . per bushel; barley, 25s to 29 , ; oats, 18s to 23s Per 61 2 11 WETHERBY, AUG. 23.—White wheat, 19s to r red ditto, 173 to 19s p e r l oa d ; b ar l ey. 29 s to 32' peon qr; beans. 123 to 15s per l oa d ; oats, 91d t o 1 lid '- stone; beef, 5s 6d to 6,1; mutton, 5s to 51ds s 13 ° BARNSLEY, AUG. 22.—Exce e din g ly littl e busine- s oir been done to-day in wh ea t, an d th a t li tt l e a t a serY c lot• siderable reduction compared with the previous Wa r , t o Bilberries have sold at 6d p e r quar t, peas a t f r om 6 "„ k, 8d per peck, gooseberri es f or b o ili ng at 2s p e r Pe' and plums at 4s per peck and upwards. INVERNESS, Au G. 21.—New wheat, per quarter we'. e!, 62. b per bushel, 45s to 50s ; barley, 541 b per bus- r 23s to 01s; oats, 421 b per bushel, 21s to 22s Od ; seed oat,b_P 6 e d, qr, 421 b per bush, Os to O s O a t mea l, p er i mper i a l b o ll, IT . 0 , second, 15s; barleymeal, 1 Is 8d ; p easemea l, 14 s t o 15s; bpd, per stone, Od to 8d ; fi rs t fl our , p er 2 6 01 b, 36 s to 37 3 ; sec m; 28s; oatmeal, best, per stone of 141 b imperial, is 8d to 03 . 7 r, P second, Is 6d; barleymeal, Is 4d ; p easemea l , i s 6d; first u t ,. 2s 9d cash, 3s credit; sec on d, 2 5 3d cas h , 2 s 6d cre dit.- r i ° 4(l toes, per stone, 6d to Od ; be e f, per poun d , 4d to 7di v e i t o to to 6d ; mutton, 5,1 to 8d ; po r k, 4d t o 6d ; f ow l s , e ach, to 14d; chickens, per pair, 12d to Od ; ducks, each, 1 ;7 0 to 14d ; eggs, pr dozen, 6d t o 7d ; b utter, f res h , per lb, i"„etl Od; salt, 12cIto COd ; croudi e ( cur d s ) 21d to Od ; four• P e a -d; loaf, cash, 6d to 7d, credit, bid to 7id; coals, per 056 hay, per stone, 7d. MINING INTELLIGENCE 0 q 'ro ts4 COPPER ORES SOLD AT REDRUTH, Asia. i yet, 3,041 tons ; average produce, 9i ; quantity of fine t r sga 286 tons 19 cwt ; amount of sale, 18,624/ 9s 6d ; a' p.ss standard, 941 Is; average price per 21 cwt, 61 %Oct. Sale—Standard, 95/ 19s; produce, 88. A 11- „ 0" R. COPPE ORES FOR SALE AT REDRUTH, 11. United Alines I.s79—Par Consol 455-1 N heal Comfor t South Caradon 271—Treleigh Consols 135—Tresaveso 0v3..6 West Trethellan 40—North Downs 10—Wheal Plenty Total, 2,977. COAL MAlili E' Bate's West Hartley 16s Od Carr's Hartley East Adairs Main l3s 6c Holywell Main ... ..... 15s 6o Hedley's Hartley Orig. Windsor Pontop 13s 6d Ravensworth'sW.Hart 15s 6d 1 anfield Moor .... Townley l4s 9ci West Wylam Wylam Wall's End, &c. Brown's Brown's Gas . l3s 6 Gosforth . . Gibson Hilda Hedley Morrison lss 6,1 Percy... Sacristan Gibson ..... 15s 3d' Walker ;T.— YESiTEnDAY. 16g yd I.ambton Primrose ••• 176ss 9 9 1 lietton ............... pfa Haswell .................. 175 9 a I,ambton ............. Plummer ...... •••• " 173 i i i ) d Stewart's ................ 16s Whitwell ........... 16s 9g Cassop.. ;.. ........... 16 5 Eleugh Hall ........ 16s s a South Hartlepool ••• ifs , J West Belmont ....... ' . West Hetton ......... 14s t t i 1Vhitw0rth............ • 140 i Richardson's Tees ••••" 176 i d [ Tees G. D a e ia r rxr)in w tt na e eu n rst t w s t o t e n r arti . e 2124 N f s l a 1 , fa C! rdiff Ships at market, 1-' RAIL WAY SHARE MARKETS' BRISTOL, AUGUST 24. STOCK EXCHANGE.—Though the market was fully attended to cote the business done was limited in amount, the transactionsb ell 'oreat fined to Bristol and Exeter, !JO, which were done at 26 dig. — We:tern Quarters, 75 dis.—Tuff Vale, 5 per cent., par. LIVERPOOL, AUGUST s 4. rrfCt' STOCK E XCHA NUE.— There was no material alteration to -day' however, show a downwardtendency. The business cone 51 ','_„ and the market closed heavily. Th e sacs are —Caledonlz ference, 1 1 4—Great Northern (5 per cent. Preference) , . 1 ,164 —Lancashire and Yorkshire, Fifths, dis.—Leeds and Th" . 2 % Midland, 62 —South-Eastern and Dover (No. 4),14 —London and North-Wester n , 129—Di tto, N ew Quarter', 7(. 050, Newcastle, and Berwick (G. N. E. Purchase) 6 per cent. tu' 41. 3s. 9d. dis. NCHESTER, n 24. STOCK EXCHANGE. M — A The transactions t r o-day were !47 Dover (No. 4), Scrip, 7—Ditto (Registered),6%--~~'est Leew' Union, 4 13-16 dis. North Union (B.), 15614 —3lanchester , io rtell Fifths, 3%. dis.—Caledonian, Preference, 11 1 ,i—GrimshY , An 8 dis.-31anchester and Sheffield, Eighths, 4—Shrewsbury Birmingham (B.), 4 9.l6—Edinburgh and GlasgoW, BIR3IINGHAINI, AUGUST 24. the STOCK EXCHANGE. There is decidedly a b e tter feerilli , d the market, although but little in c li na ti on to speculate is evince present moment. Prices remain littl e influenced by the ree a . to I I ": way meetings. They continue firm, with a slight tende nc y ' vance. London and North-Western are quoted at 130, but in ,." d e nt as in almost all other shares, pri ces i n Bi rm i ng h a m are degree guided by the London Stock Exchange. GLASGOW, AUGUST 23. . STOCK EXCIIANGE.—The transactions to-day were as dit , s. Dundee and Perth, Quarters, 24s.—Great North o f Scotian rre fef' York, Newcastle, and Berwick (G. Sr. E. Purchase or ante), 85s. 'ag Yesterday the workmen employed in diggi ou t. drain through Poet's corner, Westminster Abbeff,., o . side the southern wall of Henry VH.'s Chapels c i t ' on s vered, three feet below the s ur f ace, an ancient Do coffin, containing a skeleton still entire. There ""olc lid to the coffin, and no date or other inscription to of the period at which th e b o d y was deposited in its Pre,•9oo resting place ; b u t so l ong a time has elapsed Voie interments could h ave b een made where this re' was found as t o con f er upon it a character of Y et i mote antiquity. To C,LEADISIE OLD COINS. —ln reply to a c ‘ , 0 014 or e ' spondent, who asks for a recipe for cleansing ol d copper, brass, and silver, and says he has a qu e- t hst found at Richborough Castle, Kent, we may et ate !„egar the red rust may b e removed from silver coins by vi-onia; or by lemon juice, the green by a solution of ao ° ,.bed , the rust on c o pp er or b rass coins should not be distuDidos3 as a coin whi c h cannot be read when oxidized is use' improved by b e i ng c l eaned, but often rendered qu'te cosfe less—a graver may occasionally be employed, but tea or use presumes a kn ow l e d ge of thecoin to be opera both portrait and legend.— The Builder. ~,goVa d j° rADVERTISEMENT.j—THE EARL op. ALD. - 4 010-, AND HOLLOWAY'S PILLS.—An astounding cure by this In i , r- of medicine, after every other means had failed. See extract „ a i 18 . Lordship's letter, dated " Villa Messina, Leghorn, Feb. Professor Holloway—Sir : I beg to acquaint you that your Pi li t h eill t fected a cure of a disorder in my li ver and stomach which all `,oll 3 '' eminent of the faculty, at home and all o v er th e co ntinent, o f ri ll j been able to effect ; nay, not ever the waters of C a rlahad,, r , , • rienbad. (Signed) Ar.rsolionon." These wonderful P""plif cure any disease of the liver or stomach.—Sold (also gollo Ointment) at Professor Holloway's Establishment, 244, StrAn d ' by 911 medicine vendor. throughout the CiYillSei world. -.011 BIRTHS. 10 On the 19th inst., at Stourm ou th Rectory, Kent, the 11 , On of Drake, of a son. ;(0 he the 19th inst., at Aigburth, near Liverpool, the IY". 01 W. Gillman, &q., of a son. f 'AI " On the 20th inst, at Court-of-Hill, th e lady ° th e Lowe, of a daughter. On the 21st inst., at New Boswell-court, Lincoln's '— ' wife of S. F. l'ilton, Esq., of a daughter. i nuAt 6l On the 21st inst., Mrs. R. C. Turnbull, of Augustus"' Regent's-park, of a daughter. , k otir l i On the 22d inst., at Canterbury, th e w if e o f H. G . "" Esq., of a daughter. witu On the 2Sd inst., at Judd-pl ace E ast, N ew-roa d, th e of T. Sanger, Esq., of a daughter. __--- MARRIED. r • On the 21st inst., at St. John's Church, Hollovik r ' e . Henry August us D o R oe Hyde, of Wilmington'scitiLliWel. Sarah, second daughter of the late Charles Edward Lis fader Dear, Esq., of Redburn, Herts. Fcl ivßr 7 On the 23d inst., at St. George's, Ilanover-squar,e , ieis, (1 , Curteis, Esq. eldest son of the late Rev. Edward " r jsine" Rettendon, issex, to Ellen Honnor, eldest daughter of Batt, Esq., of Hillingdon, Middlesex. °o a t ? gr ; On the 2:3d inst., at St reat h am , J o h n Ki nn ersleY er , to , Esq., of Queenhithe, eldest son of Mr. Alderman o° ,7dford' Marian, youngest (laughter of J. Bradbury, Esq., o f house, Streatham. DIED. On the 2:d inst., at Leamington, Charles 11. Barber, ' Queen's Counsel, late of Twickenham, aged 67. „ P 44 On the 2al inst., on Clapham-common, John Dou s° "' late of her Majest's Customs., aged 74. „ „ a rm' On the 22d inst y ., Mr. Xexander Maxwell, of ne' L neoln's Inn, aged 7J. run gtolh On the '23d inst., William, the eldest son of N V. Eq, of Lawrence Potthttn,y-lane, London, aged 1 5 . oat- On the S inst., Sarah, widow of the late Mr. Ilen r9 chard, of Yolk-s treet, Westminster, aged 75. a l At Coulson's Hotel, Brook-street, age d 84; Generc.s., Marmadoke Warren Peacocke, of Rivers-hall, Essex, c.T.T.K.C., Colonel of the l'ith Regiment. r of 011 ' On the 4th inst., at 2i , Moscow-road, Baysvra-e-„,_. 1 001 sumption, after a long and -painful illness, Mr. J. for many years employed upon this journal. v a es London: Printed and Published by MURDO No. 112, Strand, Printer, at The Sun Office, ;tee ig Strand, in the Precinct of the S€voy. in the ooh - • Oliddlessz, Saturday, August 25,_1849. - co: The Cc the tr, r ' ° tice tt be r eady for suPpl .lePtforci 00 001 SOAP (] l iSt A liyi i n i tb• Sec rei wi Bishop_ LAN The Di! for LOAN for which Will be all Further 43 ulteel, F Chester. -.._.___ LON E 3 Pr ` ), :Q LO ▪ RON t c ,,rinin ed ▪ pr( INTL sui tile in°en ter He Short tilt(e°4ntr iqUes he tri a , t°}l A)l' -4 i v • t ,o Nv b bit (lerfut the /te. int fewvisage 4 °4 Ir ts 4ineilistrut nduc k ftson. Do It 0 OP These d( 'o4fl4 elegant + - rtn e i N ;-Ikliss IT I Raft g • 1. an Rorer Y e b y 444 one 0 I N Al; ''' o or3 op(