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

~._______ RAIL WAY INTELLIGENCE. YORK, - NEWCASTLE, AND BERWICK. The half-yearly meeting 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 cora litny 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 64,262/. for half-a-year's rent of the Great North of England Railway, due on the lit of July last ; leaving 73,3801. 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 (less property tax) upon the sums of 4,262,565/., the amount of the capital of the company now entitled 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. " As 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 tie holders of shares to the amount of not less than 1,0001. 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 2501., 1001,, 751., and 37/. las. 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 concurrence 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 staitha and drops belonging to the railway company in the river Wear, the particulars of which are set forth in the report orthe committe. The directors are able to state, in their own justification, that in entering upon this negotia tion with the directors of the duck 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 tie best mode ce erecting shipping places for loading ships with coal in the docks, with a view to completing the arrangements between the companies, which had been in contemplation some months pre viously. The directors still feel 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 possessed shipping ac• commodation has been from 1,306.847 to 2,461,352 tons, and in income from 89,2321. to 166,3761.; 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, toe 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 tied consequent re venue; and it only requires a knowledge of all the circum tauces to show that his against there al interests of this com pany to retain their present shipping drops, it terms such as those proposed arc adopted, which would relieve this company of annual payments amounting to 1,463/. for way leaves, &0., besides a saving in the cost of shipment, e; bh-h experience has proved to be equal to one-half. In concluding their remai ks, the directors would observe that a speedy decision, oee way or the other, is now ab solutely eecesittry, as otherwise the docks will be ready for the shipment of c 'als before the deeps are erected, and before this company can avail itself of those facilities for transacting buAness which the docks are capable of affording 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 branch , s in the counties of Northumberland and Newcastle-upon-Tyne, and for other purp elm' By the provision of this Act the liability to heavy penalties which this company might otherwise have incurred has been removed ; a further period fur constructing some of the works of tl e c - cnpany 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 d: sire 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 last half year to have been 335,r.83/., and the ex penses, including del - enture interest, 197,741/., leaving a balance in hand of 137,6421. The CIIAIRNAN moved that the report be received and entered on the minutes. If 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 bees 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 felt convinced that Mr. Ingram would do so honestly, so far as the books laid before him would enable him. Mr. FLEWS wished to explain that the accounts laid before them that day comprised the period which had elapsed between the let 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 The 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 I aid, amounting to 44,9811.; the in come-tax, which h a d b een prev i ous ly entered as paid upon a profit of 110,0001., had been so by error, and that amount had to be deducted from previous ac counts. In 1849, therefore, 5,8011. 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, Alpert (the contractor) 5,24 9 / 4 there was also an amount of stores belonging to 1849 carried to 1848 of 4,063/. In accord ance wide the recommendation of the committee of in vestigation relative to the doubtful debts, 10,000/. had been written off, and there bad 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 38,7892 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 profits of the last half-year. He ought also to state that the re ceipts and expenditure on the Hartlepool line were not included in the acc o u n t s of 1848. b u t w ere so in the ac counts for 1849, brought forward that day. In the traffic of the last halt-year, es compared with the correspond ing half of , a n 1848 ; there 1848, there was a less on the passenger traffic of 4,4861, traffic of 15,158/ ad l been an increase on the goods 14,783 L The latter. redanedtienT was in a on tghreeactoal measure traffic t o o f be attributed to the Danishblockade, but now that had been taken off, he had nodoubt that traffic would re vive. —(Hear.) e ,e thatbeen Then there, ,a considerable in crease in the expenditure was 5,2258/a- e general result, than in the expendi he found that their revenue corresponding period of last year, while ' their tura was 17,186/. more. There had be e e r n a a nd d t ciency of 32, 009 in the number of passenge rs , first and second class had become almost merged in the third and fourth.—(Hear, hear.) The total amount of capital upon which they had now to declare a dividend was 4,666,566/, leasing only 470,0001. received upo n th e call made for January last on extension stock, which did 4 .e. 4 gear, hear.) The Kelso branch had bt e g i I, - the course of June, and therefore the tuet ? ed in the construction of ietesogt pori,-tifivca ' al employ that • 'ff not co p rut of revenue for the cast half .. - .yeses , Wit&regard (o the 350,000/. borrowed from the 7 Grea.l• 6iilt;trf- ; :.,Etigri ci purchase stock, there were , c' 4l l.€7'w Ki,piesceedus the capital for which had not ( e" ‘ -iluett fully called up; otit of which that money would e: to b.are&ll../Ile had no further ebservatiou to N A S THE SUN, LONDON, make, but he might state, for their information, that the debenture u 'ebt of the company on the 30th of June last amounted to . 466,990/. If any gentleman wished to ask . 11? would be happy to give him all the power.—(Hear.) any questions, •a owes.— not consider the accounts laid before inf m or r m . a c t n io As % them to be sufh,ciently full and explanatory. It ap accounts, as laid before them, that peared from' the their revenue ` vas 10,000/. per annum less, and their 0/. more than it was at the same period expenditure 3e,Oh' last year. Mr. PLEWS was not% aware whether the Hon. Proprie tor had understood his "P Mr. the Hartlepool accounts were now included in the statement, but were not so last year. Mr. CHATon 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 proceedings. Mr. LOVE said, that as reference had been made to the subject of the arrangement with the Hartlepool Rail way and Dock Company, he begged to say that the com mittee bad 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 the minutes did not in any way bind the shareholders to an ai proval of its contents, the resolution for its adoption was put and (tarried, 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 bad been paid, and which had, he believed, met 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. THOMPSON, 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 nominated 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 had 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.) He wi,u'd now ask them whether they were satisfit d 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—(Hear, hear)—in 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 proceed with such legal proceedings as it might be considered desirable to adopt, four me m bers of the board be requested to resig n, end that the Lord Mayor of York (Mr. Meek) and Mssrs. M'Laren, Love, Leechmau, and Kipling, be elected, to act in con junction with the two remaining directors (Messrs. Flews 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 to act until the 4th of October, when he 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 he 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.) The pro position now made was, in effect, carry ing out a sugges tion which he brought forward at the last meeting that an alteration sht,u!d be made in the board to insure legal proceedings being Liken against Mr. Hudson, and thus give 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. GUTCH (solicitor to the committee) stated that the meeting itself had no power of carry ing out the resolu tion, but the directors had. They could fir%t elect two gentlemen to fill up the vacancies 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 meetiot! been given, the power would have been in the hands of the shareholders, but no such motion having been given, the only course open to them to pursue was that which be had pointed out.—(Hear, bear.) Mr. LEEMAN was aware that they had the power of carrying out the resolution in The manner pointed out by Mr. Gutch, the directors haying adopted a similar course in the Liverpool, Manchester, and Newcastle Junction Company.—(Ht ar, hear.) Sir J. EASTHOPE 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 committee of investigation whether they considered they could act . efficiently and harmoniously with thoie gentlemen? Mr. PLEV - 78 said that he was not at all aware that he had in any way acted counter to the committee since it was first app-Anted. 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. NiciaoLas 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.—(ClTers.) He would not pledge him - self to any particular line of conduct, but he felt it incumbent upon him to bow to the wishes of the shareholders, which he would endeavour to carry out, so far as he was able.—(Cheers.) He implored the share holdrrs as soon as possible to bring about some system of r. gular and stable management.—(Hear, hear.) Mr. M'LAREN said, on the 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 months, and he therefore had no reason to suppose 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 frequi•nt occasion to consult Mr. Plews, who they found full of knowledge on all questions conni cted with the company, and they coulu 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 grati fi cation at the explan a ti on a ff or d e d to t h e meeting, the resolution was pht and carried, with one dissentient, amidst loud cheers. Mr. THOMPSON having called upon the directors to take the necessary steps for carrying out the resolution, The halficarly 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 him either in public or private, beyond being a shareholder in companies of which Mr. Hudson was chairman.—(Cheers.) Mr. G UTCH here entered, and stated that Mr. J. Meek, Lord Mayor of York, had been elected a director in the room of Mr. Oxley, deceased, and Mr. Horatio Love, in the room of Mr. Hudson, resigned, and that the meeting. This announcement presenle of those gentlemen w w as ag requested c h a e e t rae dboard the gentlemen named retired from the meeting. Shortly afterwards the other members of the com mittee ware also fetched from the meeting. On their return the Lord May or of York to ,k the chair, and stated th..t he had been elected chairman of the company pro tem., but he could only consent to hold the office to bring the business of that day to a close. Ho would call upon Mr. Close to read the minutes of a board meeting which had taken place in another room.—(Cheers.) Mr. CLOSE accordingly read the minutes referred to, which announced the retirement from the board of Sir a n Ta e d l j e o c ut t hr i o en n re John Simp son an d M essrs. Davis, Richardson, and Tee, d i the election specialin vestigation meeting was then further ad journed until the 4th of October. EXTRAORDINARY -MEETING. An extraordinary general meeting was then held for (as stated in the requisition) the following purpose:— " of receiving any report or reports which may be made to such meeting by the committee of inveatigatiou pointed at the extraordinary -general meeting of share holders held on the 4th day of May, 1849, or by the 1 committee appointed at an adjournment of such het mentioned meeting, held on the 19th day of Jury, 1849." The SECRETARY having read the advertisement calling this meeting, The CHAIRMAN said that it now became his duty to thing before them the third report of the committee of investigation. He extremely regrett e d it w a s not th e last, an in saying that, he was sure he represented the fee lings 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, hear.) lie was glad they had adopted the course they had 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 Dock and Railway lease, and West Durham share transactions. They had also to consider the best course to be adopted for the future management of the company. He hoped, after the 4111 of October, when the shareholders had elected a permanent beard, they would honestly, assi duously, and faithfully apply themselves to seeming and developing the resources of the line.—(Cries of " Hear, hear.") He did not expect that any opinion of his as to their future dividends 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 all 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`LAREN then rose to move the adoption of the re pore. It contained 15 different topics, and if separate rspi (i tiooeney the supweretowbheoe day. I moved l relative twas tthoeeraecfohre propose ofihem d , it ivo to take one general motion on the subject, and briefly to rfert tl,e ot differentaina forheads, ii,t 0 to rn 3 a g t i i v , e n t o h r e in proprietors n a d n opportunity . ments it they thought fit. T he first question of import ance in the report w 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 lair and equiteble arrangement between the two companies es should prevent the necessity of having recourse to legal proceedings, due regard being had to the interests of all parties.—(Hear, hear.) If the shareholders ap • ; proved of this portion of the report, the committee or . the directors would put themselves in eommu niceth n with the Great North of England Company F on the subject, and report the result at their next meeting.--(Chcers.) . Mr. LOVE seconded 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. Plews, 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 company as should induce them to make overtures to that company, with a view 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 Company for bonds in this company, which was refused. lie 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 went. Mr. CHATOR objected to the payment for the line in six years, and begged to move " that it be extended to 10 years." Mr. PLEWS was satisfied that the discussion of tie 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. CIiATOR having withdrawn his ammdment, Mr. M`LAREN proceeded to remat k 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 lair to those who had paid to allow so large a sum to remain in arrear. The CuIIRMAN said, he bad just been informed by Mr. Gutch that within the last few days instructions had been given by the late board of directors that all parties in arrear should be proceeded egainst. 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 urreur. Others had been paid dividends when the deposit only had been paid, and there were two perth s who had re ceived dividends without either paying their calls or deposits.— ("Name, name.") lie did not wish to be person J; 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 nacres of all parties who had received dividends for 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 resolution for its adoption in its entir, ty carried, amidst loud cheers, which lasted some minuses. Mr. Iluocnis rose amidst considerable confusion, owing to a large number of the shareholders retiring fro.n 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, be being, in fact, nothing more than a nominee of Mr. Hudson, and having refused to sign the first report. That gen tleman had since resigned—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 and Shield be accepted, and that full powers be conferred on the remaining five committeemen to continue their in vestigation—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 oy 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 CIIAIRMAN 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 the file of the Cout t of Chancery on the company giving them the necessary authority on the subject. The committee had prepared 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 ceedings 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, l i and a bill in equity is now ready to be filed. (Signed) " JAMES MEEK. " D. M.LAREN. "JAMES LEECRMAN. "JOHN KIPLING. " HORATIO LOVE." The resolution having ,been carried with one dissen tient (Mr. Glyn of Newcastle), the meeting was ad journed until the 4th of October. The half-yearly meeting was 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 TIONICEOPATIIIC 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 mbers to be 1,270, and also that 1,300 volume; and 11,000 pamphlets on homers ..pathy hsd been distributed by the Association during the current year. After an addres from the chairman, Mr. Sampson, followed by speeches from Captain %Varde, R.A., the Hon. Augustus Moreton, Thomas L'wins, ILA., Drs. Quin, Chapman, C. Holland, and others, a resolution was carried for the immediate establi,hment of a London Homcepathic Hospital. BOTTLE FOUND ON THE 11OLV WELL SAIDS.—A bottle, containit g the following written document, was picked up on the Holywell Sunds, about nine miles east of St. Agnes, Truro, Cornwall, by ono of the coast guard, at seven 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 or Nov., 1818. Put overboard on the 30th of Nov., 18.18, 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. licit) , to the time when picked up, with the latitude and longitude. SATURDA EVENING, AUGUST SPIRIT of the PUBLIC JOURNALS. TIMES.—Le spite of the undoubted courage and the great ability displayed 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 long since left us no doubt as to the final result. The great victory of Ge neral Haynau at the battle of Temesvar, 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 main body of the Russians had secured the line of the Upper Theiss, the communication between Georgey and the principal forces of the Magyars was obviously cut off. That General mauceuvred 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, and 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 with 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 tributed to this result. Georgey was known to enter tain opinions strongly opposed to the revolutionary schemes of Kossuth, and though no one has fought more gallantly than he has done for the national cause, ho is 54i el 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 B.m, were of course prepared to fight to the lest extremity, and the instiga tors of the revolution, like Kossuth, could have no hope but in resistance; but the military chiefs of the Mag yars, 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 dune for their native ki ng d o m. The probability is, therefore, that in sur rendering at Vilagos, Georgey yielded, not only to a uecessity of war, but to a conviction that the cause of 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 eat Temesvar was, however, even more decisive. The district lying between the Theiss, the Mares, and the Danube had long been marked out 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, stiil held out against tie most violent attacks. Rem had arrived at the Magyar position on the 9th, and immedi ately took the chief command of the national army. He was attacked on the following day by the Imperial :orces, which had pressed on with extreme rapidity after the battle of Szoreg, near Szegedin; and in spite of the strength of the ground, the Hungt.rians were routed by the main body of the Austrians, supported by one divi sion of the Russians under Paniutene. Towards the close of the battle Prince Lichtenstein's reserve division arrived, by good fortune, by the Arad road and com pleted the defeat of the enemy. It is probable that after these tremendous blows Kossuth and the Poles will effect their escape across the Turkish frontier, and all organized resistance may, we hope, be considered at au 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 gill dismiss every feeling of irritation towards the de heated party, and proceed to re-organize the kingdom of Hungary on terms which may revive the loyalty and isood 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 r, volutionary, the other, not revolutionary, but national; the former has, we trust, been annihilated; the latter has rights which no defeat can efface, and its rational character and spirit constitute one of the brightest jewels in the Imperial Crown. It is indis pensable for the welfare and security of Austria and of fluneary that these vigorous shoots shcald be entwined in the constitution of the monarchy, and that the State should rest not on the subjugation of either, but on the consolidated and equitable union of both. Above all, we trust that nothing, will lend the Austrian Govern. meat to repeat the fatal experiment of the Emperor of Russia, by driving into exile the most ardent and intelli gent portion of hie subjects, until they become, like the Poles, the Bedouins of Europe, because they have been 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 dountries a population which it cannot render happy and contented at home. The Austrian Cabinet still adheres to the execution of the great constitutional project of the 4th of Marche by which all parts of the empire are to be confounded in one vast system 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, though 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 that experiment depends the dissolution of the Austrian monarchy or the gradual extension of union, civiliza tion, and freed:en to races and provinces which a jettlous and imperfect system of government has kept too widely apart. In such a system of Government Hun ger). 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 many 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 ashes, and promote the common welfare of all its members. In Hungary we believe that no inconsiderable part of the popula tion, from the highest nobles to the peasantry, will hail the retuin of peace with enthusiasm, and rally round the Emperor Francis Joseph; and with regard to the Rus sian intervention, which cannot but have left the m rat painful impression in the country, we trust the Emperor of Russia will give the moat 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 %site absorbing interest, or consider the Hungarian cause of the greatest magnitude and importance—but re ally 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 for pausing till the rumours of yesterday and the day before had received some con firmation from France and Germany. Though the de taila 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 (end 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 pre-eminent 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. So lung as hope, or the shadow of hope, was left, Georgey, we believe, withstood the power of the allied Austrian and Russian armies; but now that the fortune of war, and the power and number, rather than the skill and ability of his enemies, 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 as we may, there was, perhaps, but a choice of evils. Either for a gallant peeple to des• perately and hopelessly continue the struggle for their ancient constitution and laws, at an immense disadvan tege, or having unsuccessfully made such efforts as publi opinion in Hungary sanctioned, to have surrendered with honour,—to have surrendered, having fought the good fight, without shame and without reproach. This Georgey, 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 Europe will secure to the Hungarian nation that for which the best men in Hungary have been all along contending—rind contending with arms in their hands—namely, h er const it u ti o n and her laws—a con stitution of the m os t anc i en t, and laws venerable and sacred. It is because we desire to see the Austrian empire strong 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 anti letter of their ancient constitution. Governed in such a spirit, t hi s b rave an d ga llant people must be come a source o f strengt h— 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 seo that empire great and powerful, that we would press on th e ot h er Cabinets of E uro pe the necessity of now int er p os i ng b y negot i at i on —and of endea vouring to se cure to H ungary that a hich is con stitutionally a n d l ega ll y h e r right. In uttering this opi n i on , we adhere to t h e v i e ws w hi c h we expressed seven or eight mont h s ago , antecedently to the period when the Hungarian cause was encumbered with the help of many mouthing demagogues of the metropolitan boroughs, and of the great manulacturing towns — demagogues who but repeat the stereotyped articles which we have seen in one daily and three or four weekly journals, and which all evidently proceed, with a slight variation of phrase—and possibly for semi very well und erstoo d cause—from the same workshop. That such meetings, or such arguments or articles as have b een recently urged and written in fasour of Hun gary by some of our ultra Radicals, and ore daily and several weekly prints here, could have in any way sob 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 fittingly intervene, when the crash of arms and the more noxious b ibbling of 10 pounders have ceased; and we trust that Viscount Pal merston anti her Majesty's Ministers will lose not a moment in co-operation with the French Gov%rn 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 loyally and enthusia,,m such 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 ber 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 respecting the laws and constitution of the Magyars. If the obligations which Austria has incurred to Russia could by any manner of means interpose an obstacle to this great duty of the Austrian Emperor. 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 dep. ndency. But we trust that Russia will now see fit to withdraw her armies teem Hung , ry, and by her wise counsels prove a disinterested friend, and not a dangerous ally. It is impossible lem 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 interference gives co Russia to intrigue in Austria, in Hungary, iu the Danubian principalities, and even in Turkey itself. If there were a wise 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 on the attention 01 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 be of any avail, we would subscribe largely to the main tenance of pence panegyrists, whose duty it slit uld 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 falehion in a ploughshare end." We are tvi 11 aware that more than one poet of a relaxed imagination has indulged in such dreams as these ; but we must be pat de ned 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-bock ; or an European treaty of the like neture a still stronger supplement to the general law of nations. These peace showmen are somewhat shifty in their grounds of arguments. They are ready for 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 fine 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 at a at a lamentable discount. In the first case there is every reason fur persisting iu a movement Which has already met with so flattering an encourage rat tit; on the second hypothesis, there is a reason the morel for vigorous exereien when affairs are in such a desperate state. Thus facts are bent to meet the views of the pfacemongers, cr rather, they proceed with a noble contempt of the facts before their faces. It may be asked, why, since we are agreed upon the advantages of perpetual peace—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 wordso--"As peace alone cen secure the moral and material interests of nations, it is the duty of all Governments to submit to arbitration all differences that arise between them, and to respect 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, m.d that eagles or vultures could be induced to submit to the mild suggestions of a congress of ring doves, let us see what would be the first result as far as we ourselves are concerned. The nations in Europe differing the most from us in social developement need but pick a quarrel with us upon 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 egain arise between Eng lund and Ghoolab Singh,. the Czar of Russia might, no doubt, be induced to 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 nestling to the question but prejudices and 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 profit of the misery of I mankind. We will have men of letters and science— men whose souls are deep in black-letter chronicles, or wandering amongst the stars, for our arbitrators. We will tear these sublime cosmopolites away for a moment from their folios and their spheres, mid 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 respect 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 bales of printed vituperations, the result of the c msultations of the German Professors at Frankfort ? Would M. Arago be a good arbitrator upon a political question, even with the assistance of a retired senior proctor from Oxford or Cambridge? We doubt it. Timings are be ter as they are. No weed will ever come o f setting up a practical falsehood as the standard of conduct for civi lized Europe. Such we hold the assertion to be, that a sy s'em of arbitration l:ke 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 stop to a calamity so feat tul as war, but the method proposed would have a tendency to aggravate, and 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 thi n k over carefully with himsef the consequences that would flow from submitting the interests of En e; land to the arbitra tion of Foreign Powers. If halfean-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 call 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 Notre 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." e ." Of spositio cou nto rse M Victor am. mere e Hugo would squabble about not flu geographical edown terms, for we should certainty be compelled to admit that Picardy does not eo nomine levy war against Normandy. We are, however, at a loss to understand how M. Victor Hugo could have the courage to stand up in a room in the Chaur6a 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 more 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 not the 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 isnot understood, the ruling power would be very slow, for its own sake, to impose taxes for the purposes of war. Europe less remained at peace, although 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 Con gress is composed. They are not dirt cting 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 Congre,sl SUPPOSED IRISII MURDERER.—TiIe following case was heard on Thursday last, et Cambridge, before the Rev. W. Smith: —Anthony Tirulin, from Ballintule, county Roscommon, charged Michael Aygan, from Bat lymour, county Westmeatia (both Irish reapers, who had been working at. Cotteuham), upon his own confessi, n, evidence it appeared that he and the pri-over reel in with having committed tmaid , r. From the London, and there Ayga!i told him that hee could not return to his own country again, as he had shot a gen. the expecting w ite" to '3 h li a7e a l n lis w u h r o lcl i e la 's d p t r a o k ;E n rt h y ls at un it 's de ja a n t;; l : lie also said if he could find out that the gentleman was really dead, he would go over end f etch enough money to carry them both over to America. He tint not say who tee gentle man was, nor when the . murder was councittpd ; the witness alto said that . he tad placed some uroz4ey in the prisoner's hands, which he refined to return, ao he brought this charge. The magistrate remanded the piis-ner till the Istof Septemb er ; rtn d as the witness could not fii.d tureties ho way sent to prison also. The prisoner said his uncle's name was Boyd, and that the agent's name was Featherstone. It may be reimembered that lust 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. 1849 NAVAL INTELLIGENCE. PORTSMOUTH, THURSDAY.—A court of inquiry has been sitting to-day Cal hoard the Sphynx steam-sloop, to adjudge the blame in the matter of that vet , sel coming in collision with the merchant barque, QIItAll of Britain, "The royal yacht Victoria and Albert, Captain Lord Adolphus Fi zelarence, G.C.H., is expected here on Sa turday from Scotland, her Majesty and the Court baying dettrmined to rettirn to the metropolis overland. The Encounter, screw-corvette, and the Sphynx, paddle tearn-sloop, aro ordered to be prepared for officers and men. The Myrtle steam- tender left to-day for Plymouth, with supernumeraries from the Daedalus and Alarm. The Flying Fish, 12, Commander Patty, was un docked to-day, after having her copper scrubbed, and gave place to the Elfin royal dispAtch yacht, Master Commander Bslliston, to have some pipes fixed in her bottom connected with the steam escape. FRIDAY.—Mr. Grant, of the Clarence-yard, exhibited this at iernoon a further improved cooking and distilling apparatus, whose simplification is even more perfect than that of those already in use on board her Mjcsty's ships Illustrious, Arrogant, Reynard, and Plumper. Tbis new structure distils 30 gallons of pure aviated water from salt per hour with the same fuel as employed iu cooking the victuals, which is done at the same time to 700 men. We believe this apparatus is intended for tie new frigate Termagant. Many naval and scientific cfficcrs were present 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 H. Schomberg (1841) fur foreign service, iesides whom the following officers have ken appointed to her:—Lieut. H. P. de Kantzow; Mas ter, T. W. Sullivan; Paymaster and Purser, E. B. Ito bins; Clerk, R. 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. Lieutenant Kaye, director of the Magnetic Observa tory at Hobart 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 u 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 prumotions and appointments have taken place, consequent on the retirement on full pay 4 , f Captain Peter John James Dusantoy, dated the 21st of August, 1849: 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. WooLtvicu, Atrcusr 24.—The Vulcan steam troop vessel, of 1,740 tons burden, constructed of iron by Mr. Mare, Blackwell, and fitted with auxiliary engines of 350-horse p wer, 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 Nic9lson, Cap tain T. Harvey, Captain W. H. Stewart, Captain Rod ney Mundy, Commander H. Blair, Commander C. Cod rington Forsyth, and Lieutenant T. Tickell, R N., at present studying steam at Woolwich Dockyard; Lieute nant Echapperie, of the Russian Navy, Air. George Rennie, Mr. Humphries, Chief Engineer, and Mr. Trickett, Assistant to the Chief Engineer, Woolwich Dockyard; Mr. Dinnen, Inspector of Steam Machinery Afloat; and Mr. Casey, Chiet Engineer to Captain Aus tin's department. The engines are on the direct action principle, and have four cylinders, each having a two-feet stroke, and they are so admirably constructed and well put together as to give a continuous action of 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 inches. On arriving at the measured mile at Long,Reach the time was taken, and the Vulcan accomplished the distance in 5.13 minutes, with the tide, being at the rate of 11.502 knots per hour. Oa returning 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 p, 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 31. Mr. Stuart, the pilot, had a very arduous task to navigate her back, the river being so full of vessels crossing 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 Lords of the Admiralty during their visit to the Cnannel Islands and eastern naval ports. The Lizard steam-vessel, Lieutenant-Commander Hol linworth, was paid off at this port to-day. The Melampus, 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. Ttie Monkey steam-vessel towed the Princess Royal to Deptford 3 - cute' day, to be revietualled previous to the embadcltion of the company of Hop.* Artillery for Gibraltar. The Monkey also followed the Vu.cin 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 storckeepership a! Devorport, and Mr. Gottlieb to that at Woolwich, caused by Mr. Jenkins's removal, the Admiralty having been 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 co. 24. The Mean( e, 80 guns, Acting Cointuandtr In4letield, and the Molampus, 42, Captain . Mason (acting), were paid off into ordinary on Thurs day, the 23d inst. 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 Sheet ueess to be fitted for commission. The Dariv, 12 guns, is to be taken into dock next ek, vacated by the Juuo, 26, for the purpose of under going a complete repair. The Gloucester, 50, has been removed from Chatham to Gillingham reach. The Black 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 bedding and stores are to be furnished from the Ordnance Depart ment. Arrived the barque Edmund, Mr. R. Bickford master, from Sierra Leone, with a cargo of African teak tor this dockyard. The Falmouth lighter has also arrived wish stores from Plymouth, and the Aid naval lighter sailed this day with stores for Portsmouth dockyard. Mr. Clotber, 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. _ _ W. 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. THE COUNTRY MARKETS. WAKEFIELD, AUG. 24.—Tho arrivals are limited. The continued fine weather causes our millers to restiict their purchases as much as possible, and we have little business pAs,,ing in any article; good English wheat being in few hands nearly maintains late prices, whilst foreign continues neglected. No change in the value of oats, shelling, or khans, and the &mad trifling. New. WHEAT, per qr. 601bs p er bushel:— s. 8. 8 Old. . R. Suffolk, Essex, and Kent, red ... —to 47 to 49 Ditto, white ... 50 —52 Norfolk and Ilunts., red 46 48 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 Lowerßaltic and Hawburgh, red... —— 44 —46 Mediterranean, red ... 38 42 BARLEY, per quarter of 8 bushels: Norfolk and Suffolk... Lincolnshire and Yorkshire .. •••••••...mm. Scotch ••• ••• ••• Grinding per 30 stone 22 —24 Foreign ... .•• ... 24 —2B BEANS, per quarter of 8 bushels 631b:— k , mall, fine ... 32 35 30 32 Ticks ... ..• ... 30 —33 29 Foreign ... 28 -- 31 OATS, per stone : Mealing • ••• 9d to lOid —d to —d Feeding ••• ... 8d to 10d —d to —d Foreign •• 8d to 10d —d to —d SHELLING, per 1041 of 2611 b 24 25 MALT, per load of 6 imperial bushels 38 41 PEAS, per Imperial Quarter:— Blue and white boilers Grey and Feed ... 30 - 33 ... 26 - 28 ARRIVALS. Qrs. I Qrs Wheat ... ... ... 7,215 1 Rapeseed ... .. ... Barley ... ... ... 978 Shelling ... ... ... 230 Oats „, ...„ ~, ~, 853 Linseed ... ... .. Beans... ... ... ... 570 Malt ... ... .. Peas ... .., ... ... 22.1 I Flour ... ... ... ... Tares ... ... ... I LIVERPOOL, AUG. 24. \;', e have had an arrival of 6,780 quarters of foreign, wheat the last two days, mostly from, Dutch ports, but of other articles the supplies ale trifling. The weuthcr is of the most splendid character for cutting the en ps, which are ail truly fine in this quarter. The business at our Corn Exchange this rnorn ing was ou limited scale. Purchases of wheat might have been effected on easier terma. Approved brans of Flour brought lute prices. There was no alteration on Tues day's quotations for either outs, barley, beans, or peas. Th ere v „, is less Indian corn offering, and, with a t;ptcu • lave keling, it was considered 6d to is per qr. dearer than on 'l'm sti,iy. NEWBURY ' AUG. 23.—To.clay'8 market i s mo d erate l y supp,ied with lvheat, some quaLtity of which consists of the new crop; such is g ( tier:illy of fine quality, and most of it in good co;:oition, the weight varying from 63 io 65 pr bushel. New commauthd aready bale, at rates from 48s to 54s per quarter. Old in slow request at unaltered rates. Barley, Beans, Oats, and yea; moderato supply, and in but little request, at about the rates of last week. EXETEit, AUGUST 24. Cattle Market There was but a moderate supply of beasts driven in, btit the market was well supplied with sheep and lambs. Most of the fat bullocks met a ready sale, at from 83 to 9s per score, the latter being the very top figure. As there were many dealers in the market, things went off more briskly than has been the case for the last two or three weeks. Cows and calves from Bi, to 131. Barreners, 5, per score. Butchers' calves, to sd. Prime fat wether sheep were worth full 5d per lb; ewes 4 3 1c1 to 411 per lb; fat lambs, sid. per lb. Store wether hogs, 253 to 323 each; store lambs, 15s to 18s ditto. Pork Carcases—A. large supply considering the time of the year, which could only be sold by taking lower prices than last week. To-day prices ranged at from 8; to 9s, per score. Pannier--Turkey poults, 4s to 5s 6d each; geese, 5s to 6s 6d ditto; ducks, 3s 6d to 5s per couple; fowls, 2s 6.1 to 4s ditto; leverets, 2s 6d to 3s 6d each; pigeons, 10d ditto ; roasters, 4s 6d to 6s 6J ditto. Butter, 10d to 141 per lb; eggs, 18 to 20 fur ls. Potatoes, 6d to 8d per score. Cora Exchange—The market has not displayed much animation to-day, although samples of wheat, both new and old, have been plentiful. The new wheat is gene rally in good condition, f qual in value, and in the course of a week or two will be worth more than old. Prices to day have barely touched 5s Li per bushel for the best samples; 5s 6d per bushel was offered by the millers, but these terms were not generally agreed to by the growers, who prefer waiting a little longer; for the best foreign wheat 48s per quarter was asked, but up. to the time of going to press that price had not been given. Foreign d wheat was offered at 40s to 433 per:quarter. Foreign barley for feeding. 3s 3d per bushel. English malting barley about 3.s 9d to 3s 10d. Foreign oats, 2s 6d per bushel. English ditto, 2s 6,1 to 2s 10d. Fine flour, 318 to 34s per sack of 2801bs, the latter figure being almost nominal.— Western Times. BRIST,'L SUGAR. MARKET, Alla. 24.—The market has been rather freely supplied with samples this week, chiefly by one of our largest importing houses, and about GOO hhds, and tierces West India, mostly Trinidads, have found bu 3 era, at from 363 to 37s 6d, which are con sidered very moderate prices, and confirm a decline of from is to is 64 per cwt under the rate ruling here at the commencement of the month. By public auction, 3.000 mats Mauritius (a damaged parcel) all found buyers, at steady rates. Refined is without alteration. —Bristol Mercury. IsioamALLERToN, Aus. 22.—Wheat (white), 63 to 6s 6d; red, 5s 61 to 64; oats, is 9d to 2s 6d; beans, 4s 6d to 4s 9d; barley, 3s 63 to 4s per bushel. A prime sample of new wheat, shown by Mr. Demring of Nerthallerton, sold at Gs 6d, weight 9 stone 7 lbs per boll, net. RIPON, Auc. 23.—We had a Fair average supply of grain at this day's market. Wheat experienced a fur ther reduction of 2s the quarter. Beans and barley steady. Outs rather better :old. White wheat 6s 3d to 6s 9d; red ditto, 5s 9d to 6s 6d; beans, 4s 6tl to 4s 9d per bushel; barley, 25s to 295; oats, 18s to 23s per qr. WETHERBY, AUG. 23.—White wheat, 19s to 215 red ditto, 17. to 19s per load; barley. 29s to 32s per qr; beans, 12s to 15s per load; oats, 9id to 110 per stone; beef, 5s 6d to 6d; mutton, 5s to 54-d., BARNSLEY, AUG. 22.—Exceedingly little business baa been done to-day in wheat, and that little at a sery con siderable reduction compared with the previous market. Bilberries have sold at 6d per quart, peas at from 6d to 8(1 per peck, gooseberries for boiling at 2s per peck, and plums at 4s per peck and upwards. INVERNESS, Aua. 21.—New wheat, per quarter weighing 62'b per bushel, 45s to 50s ; barley, 541 b per bushel, 23s to Ws; oats, 421 b per bushel, 21s to 22s Od ; seed oats, per qr, 421 b per bush, Os to Os. Oatmeal, per imperial boll, 16s 64 second, 15s; barleymeal, 1 Is 8d; peasemeal, 14s to 15s; bran, per atone, Od to 8d; first flour, per 2801 b, 36, to 375; second, 28s; oatmeal, best, per stone of 141 b imperial, Is 8d to Os Od; second, Is 6d; barleymeal, Is 4d; peasemeal, Is 6d; first flour, 2s 9d cash, 3s credit; secono, 2s 3d cash, 2s 6d credit. Pota toes, per stone, 6d to Od ; beef, per pound, 4d to 7d; veal, 4d to 6d ; mutton, 5d to Ed; pork, 4d to 6d; fowls, each, ltd to 14d; chickens, per pair, 12d to Od ; ducks, each, 13d to 14d ; eggs, per dozen, 6d to 7d ; butter, fresh, per lb, 10d to Od; salt, I2d to 00d ; croudie (curds) 26d to Od ; four pound loaf, cash, 6d to 7d, credit, bid to 7 d ; coals, per cwt, 9d; hay, per stone, 7d. MINING INTELLIGENCE COPPER ORES SOLD AT REDRUTII, AUG. 23.—TotaL 3,041 tons ; average produce, 9i; quantity of fine copper , 286 tons 19 cwt ; amount of sale, 18,6241 9s 6d ; average standard, 941 ls; average price per 21 cwt, 61 2 3 6 ( 1. Last Sale—Standard, 95/ 19s ; produce, Ba. COPPER ORES FOR SALE AT REDRUTH, AUG. 30.- - United Mines I,s79—Par Consol4ss—Wheal Comfort 354 — South Caradon 271—Treleigh Consols 135—Tresavean 130--• West Trethellan 40—North Downs 10—Wheal Plenty 3••"' Total, 2,977. COAL MARK 1!: Bate's West Hartley 16s Od Carr's Hartley East Adairs Main l3s 60 liolywell Main ... 153 6d Hedley's Hartley Orig. Windsor Pontop 13s 6d Navensworth'sW.llart 15s 6d 'Canfield Moor .... Townlev l4s 9d West Wylam Wylam Wall's End, &c. Brown's Brown's Gas . l3s 6, Gostbrth .. .. Gibson Hilda lss Od! Hedley Morrison lss 0 Percy... Sacristan Gibson Walker ;T.—YESTERDAY. Eden Main l6s 9 4 Lambton Primrose Lietton .. l7s 9 " Haswell 169 0,1 Lambton Plummer.. .... . . .... Stewart's Whitwell ... Cassop l6s 9d Heugh Hall South Hartlepool West Belmont West 145 est Hetton ! 15s -- Whitworth Richardson's Tees l's 9,j Tees IllerwentwatcrHartley 16 9 'Z it 'Garnaut Stone 223 ''''. Hartley Nixon's Merthyr and ' C„rdiff Ships at market, 1,'5. RAILWAY SHARE MARKETS. BRISTOL, AUGUST 24. STout EXCHANGE.-7 hough the market was fully attended to -do! , the business done was limited in amount, the transactions being colt fined to Bristol and Exeter, 90, which were done at 26 die.—Grea t Western Quarters, 7% dis.—Taff Vale, 5 per cent., par. LIVERPOOL, AUGUST 94. STOCK EXCHANGE.— There was no material alteration to-day. Prices. however, show a downward tendency. The business done was small , and tITe market closed heavily. The saves are—Caledonian, fre ference, 1114—Great Northern (5 per cent. Preference), I % —Lancashire and Yorkshire, Fifths, 3% dis.—Leeds and Thirsk, 16,1 —London and North-Western, 129—Ditto, New Quarters, 2% P- -- ,, Midland. 62% —South-Eastern and Dover (No. 4), 71. Is. 3d.— li * or"„' Newcastle, and Berwick (G. N. E. P urc h ase ) 6 per cent. till 1 85 " 41. 3s. 9d. dis. MANCHESTER, AUGUST 24. STOCK EXCHANGE.—The transactions to-day were as follow Dover (No. 4), Scrip, 7—Ditto (Registered), 6%—Nest Riding Union, 4 13-16 die. - North Union (B.), 156 1 A —Manchesterand Leedet Fifths, 3% dis.—Caledonian, Preference, 11 lA—Grimsby, Quarter BIA dis.—Manchester and Sheffield, Eighths, 4—Shr e wsbury en° Birmingham (B.), 4 9. 1 6.;-Edinburgh and Glasgow, 38. BIRM INGHAM, AUGUST 24. STOCK EXCHANGE. -There is decidedly a better feeling in the market, although but little inclination to speculate is evinced at the present moment. Prices remain little influenced by the recent rail way meetings. They continue firm, with a slight tendency to ad vance. London and North-Western are quoted at 150, but in thessof as in almost all other shares, prices in Birmingham are in a gre et degree guided by the London Stock Exchange. GLASGOW, AUGUST 23. STOCK EXCHANGE.—The transactions to-day were as follow :-- Dundee and Perth, Quarters, 245.- 1 -Great North of Scotland, 45 . -- York Newcastle, and Berwick (G. N. E. Purchase or Prefer once), 85s. Yesterday the workmen employed in digging a drain through Poet's-corner, Westminster Abbey, out side the southern wall of Henry Chapel, disco vered, three feet below the surface, an ancient stone coffin, containing a skeleton still entire. There was no lid to the coffin, and no date or other inscription to mark the period at which the body was deposited in its present rest i ng place; but so long a time has elapsed siuce interments could have been made where this relic was found as to confer upon it a character of very re' mote antiquity. To CLEANSE OLD Conis.--In reply to a cont.' spondent, who asks for a recipe for cleansing old coiner copper, brass, and silver, and says he has a quantity. found at Richborough Castle, Kent, we may state, that the red rust may be removed from silver coins by vinegar or by lemon juice, the green by a solution of ammonia; the rust on copper or brass coins should not be disturbed , as a coin which cannot be read when oxidizsd is seldom improved by being cleaned, but often rendered quite We' less—a graver may occasionally be employed, but its safe use presumes a knowledge of the coin to be operated our both portrait and legend.— The Builder. rADVERTISEMENT.i—THE EARL OF ALDBOROII OII AND HOLLOWAY'S PILLS.—An aStounding cure by this miracul o u l medicine, alter every other means had failed. See extract from DO Lordship's letter, dated " Villa Messina, Leghorn, Feb. 21, 184 , 5 ' Professor Holloway—Sir : I beg to acquai n t you that your pills hay, mr_ feeted a cure of a disorder in my liv er an d s t omach which all the MOO eminent of the faculty, at home and all over the continent, bad not been able to ellect ; nay, not ever the waters of Carlsbad or bt!r, rienbad. (Signed) " ALDBOROUGII." Th ese won d erfu l pills wil l cure any disease of the liver or stomach.—S o ld ( a l so Holloway ' I, Ointment) at Professor Holloway's Establishment, 244, Strand, a by all medicine vendors throughout the civilised world. BIRTHS. O❑ the 19th inst., at Stourmouth Rectory, Kent, the lady of the Rev. R. Drake, of a son. On the 19th inst., at Aigburth, near Liverpool, the wVe of W. Gillman, Esq., of a son. On the 20th inst., at Court-of-Bill, the lady o f Major Lowe, of a daughter, On the 21st inst., at New Boswell-court, Lincoln's Inn, the wife of S. F. lsrlton , Esq., of a daughter. On the 21st inst., Airs. R. C. Turnbull,ofAugustus-square , Regent's-park, of a daughter. On the 'lad inst., at Canterbury, the wife of H. G. Austin, Esq., of a daughter. On the 2 . 3 d inst., at Judd-place East, New-road, the wile of T. Sanger, Esq., of a daughter. MARRIED. On the 21st inst., at St. John's Church, Holloway, Henry Augustus De RO3 Hyde, of Wilmington-square. to Sarah, second daughter of the late Charles Edward Cadwel" fader Dear, Esq., of kedburn, Herts. On the ".4:3d inst., at St. George's, Hanover-square Edward Curteis, Esq., eldest son o f t h e l ate Rev. Edward Curteis, of Rettendon, Essex, to Ellen Honnor, eldest daughter of James Batt, Esq., cn Hillingdon, Mid 'lesex. On the 23d inst., at Streatham. John Kinnerslev Hooper? Esq., of Queenhithe, eldest son of Mr. Alderman Hooper, to Marian, youngest daughter of J. Bradbury, Esq., of Bedford house, Streatham. DIED On the 2. d inst., at Leamington, Charles H. Barber, Esq.' Counsel, late of Twickenham, aged 67. On the 22(1 inst , on Clapham-common, John Dodson, Esq' late of her Majesty's Custom , , aged 74. On the 92d inst., Mr. A:exander Maxwell, of Bell-yard , L ncoln's Inn, aged 7 On the 93d inst., William, the eldest son of W. Langton , E- q , of Lawrence Pountney-lane, London, aged 15. 011 the inst., Sarah, widow of the late Mr. Henry 1 18 t" chard, of York-street, Westminster, aged 75. At Coulson's lintel, Brook -street, aged 64, General Sir Mat madrike Warren Peacocke, of Rivers-ball, Essex, K. C. 1 14 C.T.T. K.C., Colonel of the 1 .t.ti Regiment. On the .4th inst., at 21, Moscow-road, Bayswater. of con - sump! ion, after a long and paiwul illness, Mr. J. G. Rot s, f,..r many years employed upon this journal. London: Printed and Published by MURDO YOUNG, of 112, Strand, Printer, at The Sun Otiice, No. 1 1 F1 Strand, in the Precinct of the SE4voy, in the cetaltY of Middlesex, Saturday, August 250449. - .4 ;~