The Sun. — London, England, 1854-08-18 00:00:00

MONEY MA It KEI &Nu COMMERCIAL INT ELL ra-ENca CITY. TWO o'CLOCK. The sales of cotton at Liverpool yesterday were estimated at 5,000 bales, including 1,000 Ameri can taken fur export and on speculation. The market closed heavily, with prices of all kinds 1-16 d. in favour of buyers. The sales comprised .4,500 American, 30 Pernam and .Maranham at 60, 100 Egyptian at 6d.. to 91, 300 Surat at 31d. to 41d., and 40 Sea Island at 111 d. to ls. ld. per lb. Railway Shares were firm. A fair business has been done in Colonial pro duce this week, and former prices have been main tained. Sugar has been steady, and Porto Rico can only be obtained at higher rates. Coffee has met with very little inquiry, and publicly the quantity offered has been limited. Rice, though quiet, has realised full values. Tea at auction has gone off steadily, and spices have sold at good quo tation. In cotton very little has been done. Saltpetre has been inactive, and cochineal has slip ported late rates. Tallow has been firm. The Bengal, from Australia, is reported in the Downs this morning. She sailed from Adelaide on the 22d of March, and brings 18,633 oz. of gold. From Brussels yesterday the Belgian corn mar kets come are reported quiet, with a tendency up wards, and an actual advance in rye and barley. The Belgian Moniteur reports 'the official average of the principal corn markets for the week running from the 7th to the 13th inst. at—for wheat, 31f. 730. ; rye, 18f. 49c., against 30f. 55c. and 20f. 74c. respectively, for the week before, thus showing a rise upon the wheat averages, and a decline on rye. At Amsterdam, on the 18th, the prices of corn generally had given way, and the market heavy. The Confucius is reported in the Downs from the Mauritius, from whence she sailed May 4. Neither letters nor papers are yet up. The corn market may be reported quiet in Mark lane, with last Monday's quotations rating for the limited, business doing. There was but a moderate show of home grown wheat on sale, and buyers not eager. For foreign wheat there was rather more eriquiry but without alteration in prices. Some of the accounts from Ireland report very - unfavourably of the potato crop, in the appearance of which during the last few days an unfortunate change had taken place. It is to be hoped, how ever, that the much larger extent of ground under cultivation this season will greatly, if not wholly, tend to mitigate the calamity of the disease with 'which the crop in some districts appears to be at tacked. In the meantime the oat crop is spoken of .as promising to be very much in excess of last year, and indeed of many years past ; and wheat also shows well for the harvest. _ _ — The dealings in public securities have been rather more active to-day, and prices generally well supported, with more firmness in the pur chases for time. For money, Consols were done as high as 94, and are now quoted 931 to 4 ; for the account, they are a shade better at 94. This was pay-day upon the settlement. Reduced Threes are 93/ to 4. Three-and-a-Quarter per Cents. 941 to Long Annuities were done at 4g. Bank Stock, 209 to 210. Exchequer Bills, ls. discount to 3s. premium. Exchequer Bonds duo 1858 98i and ; of 1859, 981. The Stock Exchange list shows the remarkable singularity of three quotations only of foreign se curities, representing probably single bargains each. They are of Sardinian done at 87, Belgian 4i per Cents. at 92i, and Dutch 4 per Cents. at 94. But for the Turkish Loan this might almost be reckoned a blank day in the foreign market. The dealings in that loan for the coming out, for the letters of allotment have not yet made their appearance, have been somewhat animated, although the highest quotations of yesterday have not been maintained. The loan is still in marketable request, however, at to 6 premium. The following are the nominal prices of foreign atocks":—Grenada Deferred Bonds, 6 to 6i ; Mexi -can, 24E to 241 ; Peruvian, 69 to 71 ; Ditto 3 per Cents., 51 to 53 ; Portuguese 4 per Cents., 40 to 42 ; Russian 5 per Cents., 98 to 100 ; Ditto 4? 2 - per Cents., 85 to 87 ; Spanish New Deferred, 18/ to 18 ; Ditto 3 per Cents., 38 to 3Eq ; Ditto Certifi cates, 41 to 51 ; Ditto Passive, 31 to 4. The Railway Share Market is quiet and without much alteration in prices. Some lines are rather fatter, but others on the contrary are firmer. The principal dealings have been in Eastern Counties, Great Western, and Great Northern. The foreign shares are neglected. Mines are dull, Banks rather better, and Land Companies shares without variation. BRITISH FUNDS THIS DAY.—CLOSING PRICES. (Prom the Olicial List. Rusin,... one. Bank Stock 3 per Cent. R e d uce d A nnu iti e s 931 4 3 41 3 per Cent. Consols Annuities 93 i if 4 3./ per Cent. Annuities Long Annuities, Expire sth Jan., 1860 liAmsols for Account 13th Sept. Exchequer Bills, 2id. £1000 £500 Small par 3 pm Exchequer Bonds Scrip, 1858 . Ditto 1859 PRICE OF FOREIGN FUNDS THIS DAY. Russian Bonds, 1822, 5 per Cent. £ St lOO Sardinian Bonds, 5 per Cent... ...... . rividends on the above payable .n London. Belgian Bonds 4i per Cent. cx. 25 fr Dutch Exchange, 2i per Cent. 12 Gail 6lB Ditto 4 per Ceut. Certificates THREE O'CLOCK. Consols 931 4 Ditto September Account COWES, ISLE OF WIGHT. (FROM OUR OWN CORRESPONDENT.) • ROYAL YACHT SQUADRON DINNER. - Fifty-eight noblemen and gentlemen were present at the annual dinner of the members at the Royal Yacht Squadron Rouse, on 'Wednesday ; Commodore ►the Earl of Wilton in the chair, supported by the Marquis of Ely, Sir Bel lingham Graham, Lord Colville, the Hon. Captain Den rum; &c. The Vice•Coinniodors filled the vice chair. THURSDAY, AUG. 17.—HER MAJESTY'S CUP. Exactly at 10 a.m. the starting-gun was fired, and the yachts got sail on them with all possible despatch. The Alarm, 248 tons, J. Weld, Esq., took the lead, closely followed by the Shark, 150 tons, Wm. Curling, Esq. The two other yachts, the Titania, 181 tons, and Ginevra, 142 tons, were moored farther to the north- W!.rd, and were considerably astern of the others. The Wind was very light from the westward, but it freshened about mid-day, and on the yachts' return from the Nab about 3 o'clock there was a fine breeze—the Alarm being a long way ahead, followed by the Shark, Ginevra, and Titania. The Town Regatta commenced soon after 2 o'clock, and there were several very excellent matches between four -oared boats and with punts, numerous duck hunts, &c. Her Majesty, Prince Albert, the Duchess of Kent, and the Royal children were on board the Fairy, moored close in to the Parade, and seemed to enter into the sport With great spirit. The deck of the yacht was all on the move, the Royal party running from side to side and fore and aft to witness the duck hunts and boat racing. Rer Majesty took tea on the deck of the yacht while lying off the Royal Yacht Squadron House, in full view of the thousands that lined the Parade and beach. 8.40 p.m.—Neither of the yachts having completed the course, there is no match, and the cup must be sailed for again, giving the yachts another chance, but it ap pears a very poor one to compete with the Alarm. COURT CIRCULAR. OSBORNE, THURSDAY. The Queen and Prince, attended by the Marchioness of Ely, the Hon. Mary Bulteel, and Major-General the -Ron. C. Grey, drove to Shanklin yesterday afternoon. The Duchess of Kent dined with her Majesty. Lady Anna Maria Dawson, Major• General Simpson, and Sir James Clark had also the honour of being invited. This morning, being the anniversary of the Duchess of Rent's birthday, the band of the Royal Marines played a selection of music at Powless-house. Her Royal Highness breakfasted with the Queen. Yesterday being the anniversary of the birth of the Duchess of Kent, it was celebrated in the customary manner by the ringing of merry peals on the church belle and hoisting the Royal standard on the Tower. In the evening her Royal Highness's London tradesmen dined together at the King's Arms Tavern, Kensington. 13 3' 'her Majesty's gracious command a dessert o f th e lest fruits of the season was sent from the Royal gar -4.,(18118 at Fr ogmore • and by the Duchess of Kent's ord ers 'Re tabl e was supplied' with a fine fat buck. Mr. Edward jun., presided as chairman. A deputation, including Mr. Hume, M.P., and Mr. Rodgskin, had an interview with tbe Earl of Aber en yesterday, at his official residence in Downing street. Viscount and Viscountess Palmerston left town yes terday fur Brighton. Sir Ge o . G rey has left town for Fallowden, Northum berand. Szv-- on W .iltla TEUPEST AT LOWESTOFT..—F ro m an ear ly hour ednesday morn i ng the sky became overcast, with a da close atmospher e , an d a perfect calm prevailed all the y ; towards noon the cloudy assumed the appearance of electrical rocky cumuli. At 3 o'clock p.m. a shower earne on, accomp an i e d b y thunder, which soon passed 2fri after which the sun bur:4 forth with oppressive heat. tLowards 7 p .m., the rocky cumuli again increasing fast, c' 114.?' crackl ing thund er i n t h e north-west portended an- Thef* storm of a severer character. It came on quick, t i ll toicg bein g very vivid, and the thunder alarming. to thveleotric fluid struck a shock of wheat in a field close other town and set in on fire. In a few minutes an electrical discharge took place, when a ball of Ere vas seen to fall into the sea. The fall of rain was not e.ii:Y After iti It.; :(1.:61):.1' C C‘Ci:00(1, 1. , ,,:t 5i: ,,00 1,:r,r40 Lail bat e 't-r 11411 -au-hour's duration the storm passed over the sea:- tortlia:7B t, the At' 9 - p zu a - breeze ` 1; ''ting up from the thee-ca.m; co oler, while llr distant lightnin g %tufted IA t SHARE MARKETS. (THIS DAY.) AILWAYS. !Sliming Prices 1 this day. 22 - 23 5 - 54 9 - 10 11,-10A d 16i -- 17 7 -6. i 95 - 97 62i - 63 15j 16i 12 = 14 3 id 7 - 8 ii . - ig Ilf 36 - 40 25 - 27; 66 - 68 58 - 60 25 - 16 66 •- 68 83 3 / 4 - 84 3 / 4 62 - 64 126 - 128 93 - 95 72A - 73 89 91 11 13 1,1 13 . 69 —69 i 6a 6 . ii : ..si [O4 106 LOl A 102 par pl paE 4 pi, - - fi 82 - 83 9 - 8 8 - 7 - 681 GBi 39 - 41 ; - par 7 6;1 21 6 8 45 46 id 31 85 7 9 64 74 55 56 I P Ad. AP I 4a 7 par 2 p 34 - 3G 94 - 96 60 - 62 70 - 73 68 - 72 7i - 8 18i -19 A - 9 i 14 - 15 3i - 34,t 13 - 15 65 C 54 34 - 35 31 - 33 - ?fi 19 194 4 - 5 23 - 25 5 - 6 •• -- ••• 6 • - 7 7 61 • - 7 61 5 0 i _ 1 4 -- 36 d. BRITISH R. Business done this day. 62 171 111 i i 8 20 20 10 10 St. 10 St. 25 11 Is Sts. 100 20 1:14 100 82A 3 A 3 A 61 3 A X7011}3 81 i i 105 41 5 a 101 i h z d ad li ad ad ad ad ad 24 I 68 i 25 4} per cent. 65 4 51 341 74 131 i5l FOREIGN. 10 ' all Antwerp&Rotterdam 6 6d 205 8 3 3 B e e z lg io ia r t s i E t ,' Gr is i t ..c u. liss J e u m n i c 1 e 3i 20 2s. Bombay, Baroda, and Central India,Scrip id—ip ... Central of Italy — 20 all i.lharleroi& Erquelin 17,. all Demerara ........... — 20 14 Dijon and Besancon p 20 9 Dutch Rhenish 3 2 in 20 all East Indian 24 2id 22i 20 2 Do. Extension 4 - 1 P 5 all 'lt. Indian Peninsula A d 20 10 Gd. Juliet. of France ...p 25 10 G/rd. Trunk of Cauad 6 5 100 40 Do. Debentures 8 6 d 100 all Do. do "— 20 10 'lt. Central of Franc« par — 4 p 20? all ( it. Westexn of Canakb, Sliares ~. Do. Bonds (Ist is.)'s7 p 20:I all Hamilton & Toronto Ad— ip 100 all Do. 6 per cent. 20 5 Lake Coast, & Basic 5 all Lue,a & Pistoja 5 p.c prof — die 20 15 Luxembourg 10 10 Do. (Rai1way)........ 5 2 no. Prof — 5 3 Do. (Canal) 10 5 Do. 6p. et. prof — ...d 20 ' 0 Lyons and Geneva 20 12 Lyons & Mediterran 20 13z Sladras id — 4l , 33!, 33 Maria Antonia 10 all Do. do. New 2f 2 Melbourne Dk. &Ry 20 all Namur & Liege (with interest) 7q 8 20 all Do. (ex interest) 16 all Northern of France Do. 201.3 p. c Bds 20 all. (fray.B.&Ams.Shs.', 10 all NorwegianTrunkPrei 8 9 20 14 Paris and Lyons lBi 19 p 40 all Ditto Bonds 10 all Paris and Orleans 47 49 20 all Paris and Rouen 3B 40 20 all Paris and Strasbourg 20 10 ParisCaen & Cherbrg. pm 104 10; Quebec & Richmond 20 all Rouen and Havre 22A 23. 20 15 Royal Danish ld— 1 p 5 2 Royal Swedish •— d 20 al] Sambre and Meuse - 8 4 ... 6 Do. 5. p. cent. Pref ... ' 20 6 Southern of France —pm 20 8 St. Andrew's and Quebec (A). 8i all 'West landers 3i • 4 x in 10 all Do Si per c. Prof — d 20 10 Western of France 54 10 7 West. of Switzerland 20 2 Wiesbaden . •.• 20 15 Zealand MISCELLANEOUS 5 all A.Ubin Coal and Iron' ... ... 25 17i iustralian Agricult 41i .-, 42i 42 1 20 11 kustralsn.Pcific.Mail ... ... 10 8 kustraln. Royal Mail ... ... 10 4 i3erlin Water Wo r k s ... ... II 50 40 ilrit. American Land 65 70 5 1 Brit. & Coln. Smeltg. and Reduction Co ... ... 100 32 Canada BB 92 5 5 Crystal Palace 3 i 3 i 3 1 i 5 3k Do. New... ......... 4 2 Crystal Pal. of France ... ... 20 5 Eastern Steam • •• 25 20 ElectritTelegraph(A) 16 —17 an 25 all Do. (B) • • • ...... ... 1 1 :'electric Teleg. of Ir. ..,, ~.. 15 14 Gen. Steam Navigat. ~, ... 20 18 General Screw Steam ..., ... 14 20 7 [nish Beetroot Sugar ... ... 20 10 Nfagdalena St. Navig. ... .. 1 all Nat. Pat. Steam Fuel ~. ... 10 3 Netherlands Laud i li . 2 1 N. S. W. Coal &Inter Steam Nacigat. Co .., ... 1 all N. B. Australasian i i 1 A Do: New .• ••• 20 10 Nrth.ofEuropeSteam ... _ ... 5 all Peel Rr. Ld. & Miurl. 4 41 4 a 50 all Peninsular& Oriental ... ... 50 40 Do. Do. ... ... r , 2 all Portland Iron Co ... ... g ...... 2: , 25 25 80 nth A UStral•Lan 34 d .... 36 34 1 all all ai S vD a ano b . mi egis . 3.l_l T t9e el re eliaph 4 ri 411 PREFERENCE SHIRES. 95 - 97 . 7 - is 31 - 34 4 - 5 P 1 -- lip 13i -13 t 22 - 24 31 - 3i .ari us —llB. 110 - 112 101 - 103 6 - 64 98 - 101 93 - 92 94 - 96 134 —136 id ••• 2i - 3 p 7- 8 10 - 12 7 - 8 11 - 12 i - iP 134 —l36xd 1 id fib 90 102 103 114 - 116 10 - 'll 17 —lB 104 —10 i 12 14 is 4 P 23i 24 ... .•. 2 1 dj 92 95 4 11 d MINES.I all 1 all AAgnugiao A Fria u .. str s. all Anglo Californian — 10 2 Australasian 1 20 6 Australian 1 1 all Australian Cordillera !• 1 all Australian Freehold i 1 all Ave Maria . 1 all Baden (Gd.Dachy of) -- 50 all Blxnarvon Iron and C0a1 . ... — 1 all i l ßritish Austria. Gold 20 13.5, British Iron 8 9 35 24 sl Braziiia atm p. (issued at pm 3 4 30 all IDo. Cocaes & Cuiada 1 24 20 15 I 'Do. St. John Del Rey 26 — 2B 27 1 Carsons's Creek — 4:0 all Cobra Copper 4l 43 5 1 Colonial Gold — ... 16 Copiapo ll 12 St. all Copper Min. of Eng 52 57 25 all Do. Pref. 7i p. cent 1 3 p 5 all English and Austin Copper Smcltg. Co l4 20 all General .•• 2 all Gt.NuggctVeinScrp 2 Do. Registered 3 3 111 i aaaa a luu ll lll ILLa G tojii i nb • nk e ae t a l eii t tßy P a o t l h g u o r o s t t h . * 1 • ••• • k I u k t s i c ta . &C . a s. L . f A o mh r u e . 6 10 9i 9 ••• 1 1 01 a a l ll9 l N MM l xiriaclear Granada 1 all New Linares Mining and Smelting Co 1 all Nouveau Monde 4 20 all .Pontgiband Silver Lead Min. & Smelt. 16 17 5 1 Port Philip - 1 all Quartz Rock 50 all Rhymney Iron 2B 30 15 15 Do. New Si 94 30 Sautiago de Cuba-- 4 5 1 all South 10 7 'Pin Croft .. 28i all United Mexican 3 3i 1 all Waller — 1 all West Granada — 1 all West Mariposa — 1 12s. Worthing Mining of Australia 1 all Yuba JOINT-STOCK BANKS. 40 all Australasia 84 187 84 4 40 all British Colonial Bank and Loan Company 50 all British N. American ..• 25 5 Chartd. Bank of Asa ci 20 2 Chrtd. Bnk. of India, Australia, & China ... d 100 25 Colonial ••• 100 20 Commercial of Lond. 31 33 20 14 English Scottish and Australian 2 —li d 121 20 20 Lond. Chart. Bk. of Australia 2l 214 50 20 London and County 50 10 London Joint Stock d 100 20 Lond. & Westminster ... 391 100 35 National Provincial of England ••• ..• 20 10 Do. New 50 22 .tiational of Ireland 4Ol 20 all New South Wales — 25 all Oriental Bank of Corporation 46 48 47 1 25 5 Do. New 100 25 Provincial of Ireland 10 all Do. New ••• —••- 5 1 Royal Australn.Bkg. & Gold Imp Co 25 all Month Australia 41 43 25 all Union of Australia 66 68 x d ••• 2! Do. New 50 10 Union of London — •„ Ti.• 13 ;7\ 7-Mo'l', FROM CHOT , Eft.t.---We regiet to announce the buddeila,lith of Lord Beaufflont, which melancholy event tools place yesterday m orn i ng at his residence in Bruton-street, after a few hours' attack of cholera, RAILWAYS. Xberdeen rabg Nottng. Bost and Eastu. Junet Belfast & Ballymena Binning. Wolvcrh. & Stour Va11ey........ Sirkenhd. Lanesli. & Cheshire Junct Do. Chesh. & £5O and £25 Cons. Do., £20.. . Wyth & Tyne original £25 (issd: at . X 45,. Bristol and Exeter Caledonian Chester & Holyhead.. Cork and Balaton._ Cork, Black, & Pass Cornwall Crieff Junction Dublin&BelfastJunc. Dundee Perth&Aber deco Junction Do. New East Anglian..... Do., (218 E &11) East'; C;ounties Eastern Union, A Stock . . Do B. Stock Do., Now ..... East Lancashire Edinburgh & Glasgow ddiub. and Peebles Edin.Prib &Dundee 'orth & Clyde June. hflasgow &S. Westorni ' , 3reat Northern Do., A. Stock Do., B. Stock Ca. Sth. &West.(lre. dreat Western Irish South-Eastern Lancaster & Carlisle Do., Thirds . _ Do. New Thirds Lancash. audYorksh Do., Fifths Do., Wst. Riding Un Leeds Northern Liv.Crsby.&Soutlipt ' Loudon & Blackwal Loud. Tilb. & Stheud. Loud. Bright & S.Cst. I Loud. and N. Westn Do. Fifths Dci.lo/.5h.,14i&13 f Do. Eighths London andS. Westu. ,Do., £5O Do., 1.40 Lndndrry& Coleraine Lndndrry. & Eunisk. qanch.Shel.& Lincln Do., Mau. & Lin. 13n Slidland )o. 11h-rang. &Derby tlhUd. G. West. ( 1 r 9 4 Do. Half Shares , Newcastle & Carlisle Nevirmarket Do., Bury Extension N wpt.Aberg. & Hrfd N usury & Enniskillen Newry Warrenpoint and Rostrevor Norfolk Nortim.Counties Un North British North Devon, No. 1 Do., No. 2 i ,0., A A Deferred Do., ; B Guaranteed Nortli London Do. New £10.... N . &S. Wstrif.,Harep stead, and City Ju North Staffordshire North Western N. & S. Westrn. June Nuneaton, Hinckley Oxford, and NN Leicester 7 orcester,& Wolverhampton Portsmouth Scottish Central Scottish Midlaud :ihrewsbnry Do. L. & N. Weston: Guarante ad St &Lk._ Shrewsby. & llerefd Shrewsby. & Chest(); (N. W. Miu,;., Do. Halveso. Do. Oswestry 81tropshire Union Do. A, B, C,& Djull; paid tip at per cent 'outh Devon south Eastern south Wales J. Yrksh. & Riv. Du Do.. taines, Wok. &Wok it° ckton & Darling Stockton & Hartlepl Pali Vale DO. £lO shares. Db. Pref., No. 1 Thames Haven Dock. and Railway Vale of Neath Waterfd. & Kilkenny Waterford&Limerick West Cornwall West End of London and Crystal Palace West Loudon \Vimbledn & Croydon. York Newctl.&Berw Do, Extensions Do, G.N.E. Purchase York& N.llidland THE SUN, LONDON, FRIDAY EVENING, AUGUST 18, 1854, THE COURT-MARTIAL ON LIEUTENANT him be was ' a d--il son of a bitch of an Ensign.' This was at mess, he having given Nicholas the lie direct. " Believe me, yours truly, P,dREY. Tha second —or, as it may with greater propriety be said, the third—court-martial upon Lieutenant Perry, is now in a fair way of bringing its proceed ings to a conclusion. Any man of ordinary under standing who has attended to the couse of the evi dence delivered before these three courts of military investigation must necessarily come to the following conclusions. Her Majesty's 46th Regiment of In fantry, considered with respect to its officers, is in such a condition that if well nigh all those persons were to receive a hint to-morrow that the Queen had no further occasion for their services the intel ligence would occasion very little regret. Besides poor Lieutenant Perry, one or two exceptions of which we knovi nothing there may be ; but, from the Lieutenant -Colonel downwards, all of whom we have had any cognisance during the course of the present proceedings come before the public either as a parcel of riotous unmannerly schoolboys, or as the abettors of a vindictive and ungentle manly combination against a brother officer. The second point which appears on the face of the pro ceedings is, that the prosecutor throughout has arrogated to himself functions which belong exclu sively to the court. He has by his single authority stopped the cross-examination of his witnesses; he has fixed limits beyond which evidence could not be received as to th e con di t i on o f t h e reg i ment. Th e third point is, that the witnesses necessary for the prisoner's defence were despatched out of the coun try to the seat of war just before their presence was required. Against the sentence of the first Court-martial upon Lieutenant Perry we have no complaint to make. It was certain that, when driven to desperation, he did strike his unman nerly and brutal assailant to the earth. This was a specific fact, of which no denial was possible, and it is to be presumed that, according to the usages of the service, the Court had no option but to attach to such a proceeding the penalty of dismissal from the service. When they qualified this sentence with an earnest recommendation to mercy, upon the ground of the enormous provocation he had re ceived, the members of the Court did their duty— they acted like " officers and gentlemen." The fact that certain portions of their proceedings were informal and irregular, and that therefore the whole inquiry was quashed, cannot take away from the propriety of the decision. All was as it should be—the Court martial did its duty. But what a comment upon the conduct of Colonel Garrett may be extracted from this sentence ! He had recommended.—if we remember right—that both Lieutenants Parry and Greer should sell out, He had drawn no distinction between the luckless lad who was assailed and his brutal assailant. In the course of the investigation he had pressed against the young gentleman with the full force of his position. As far as depended upon him, not a point was omitted which could tell against the prisoner —not one which was favourable to him was allowed to be drawn forth without struggle and argument. We, who care nothing for the good or bad will of the military authorities, and who simply give utterance to public opinion, say that the proceedings of that Court-martial pre sented but a sorry spectacle to the world ; and by everybody's mouth not the subaltern, but the commanding officer, has stood condemned. Now, when Lieutenant Perry escaped from the hands of his persecutors upon the first charge, was it proper, was it decent, to put him a second time upon trial for a statement to which lie attached his signature at the request of his legal adviser ? Granting, for argument's sake, that that statement might have contained expressions which exceeded the truth, according to Colonel Garrett's view of his own case, had he not as much reason to crave oblivion for the past as the young man against whom lie was proceeding with so much pertinacity ? If, on the other hand, the state ments in Lieutenant Perry's letter were true, or nearly true, there was the more reason for not put ting him to the proof of assertions which, however, true, might in the Colonel's opinion be impossible of proof. The officers who compose this second Court-martial are, of course, in the position of a jury sworn in to try a particular cause. They have nothing to do with extraneous matter. It will at a subsequent stage of the proceedings be for the ' General Commanding-in-Chief to consider all the circumstances under which the letter was written, the bitter spirit in which Lieutenant Perry was hunted down on the first trial, the manner in which the second trial upon Lieutenant Greer was con verted virtually into a fresh trial of Lieutenant Perry, and the whole tenour of the proceedings in this third case. Was the writer of the letter a witness, he could not criminate himself. Was he virtually the prisoner on his trial, he was justified in protesting against any insufficient examination of witnesses. What is the evidence of author ship ?—what of publication If Courts-martial sit as courts of honour ample allowance should be made for the fact that since these trials began Lieutenant Perry's acts and words have been the acts and words of his legal adviser. If they sit as courts of law, ought the irregulari ties ever to have arisen against which this letter was a protest ? There is a point to which we trust the attention of the members of the Court may be directed. They are not called upon to decide whether or no upon the evidence now before them they believe the prisoner's statements with regard to Garrett and Nicholas to be founded on fact. The question is, had he himself sufficient grounds for believing in the truth of his representations ? " Well knowing it to be false" is the essence of the charge. There is not a word to say against the manner in which Colonel Kelly and the Court have managed the present proceedings. Their communications with the prisoner have been characterized by un varying courtesy and consideration. But how these gentlemen must loathe their work ! We wish it were possible to say that the official prosecutor has invariably acted with the same propriety. It was painful to the feelings of every right-thinking man to find that the witnesses for the prosecution were admitted to make statements against the pri soner 's character, but that when Lieutenant Perry put a question or two to try their own these ques tions were dubbed "recrimination," and were strangled in their utterance. For example, Captain Colin Campbell had lifted up his voice and testified against the prisoner because he had heard that he had associated with prostitutes. - That was his reason for " cutting " Lieutenant Perry. Upon the next question he was compelled to admit that he had been guilty himself of the like delinquencies. Had the prisoner been allowed to follow up the examination, lie could have dismissed Captain Campbell from the court with the value of his evi dence still m ore gr i evously shaken. In steps the prosecutor with his th eory o f "recrimin a ti on ;" a theory to whi c h C olonel Kelly should never have lent a moment's ear. It might not be necessary to enter into the question of the morality of other officers, if that had been the real point at issue ; but it was material to the case in hand to shake the testimony of the witness then present. Now, his testimony was that he avoided Lieutenant Perry's society because he had heard that lie asso ciated with prostitutes, while it turned out that he associated with prostitutes himself. The question was not as to Captain Campbell's chastity, but as vas? ? Lieutenant Perry's com panyto the truth or falsehood o f hi s s t a t emen t s . Th e public will with difficulty b e li eve th a t h e , b e i ng at t w h l real i i t nht entering further forolo was, ground, shad whatavo i ya ground alle ge d . But, if that was not The prosecutor snuffed this branch of the investigation out with his t "re crimination" snuffers. In other words, a witness to character cannot be c ross - examined on his own ! Is this court-martia l law the moment into the details of Lieutenant Perry's defence as they will be found in another portion of our columns this day, we cannot dismiss this subject without recurring once more to the monstrous fact that the trial has been proceeded with in the absence of ma terial witnesses for the defence. Not only are the witnesses absent, but they were actually sent away under the authority of the virtual prosecutor, the officer of the commandingregiment just before they were wanted. Again, the whole system of the prosecution has been confined to the introduc tion of one officer after another. Each in turn is asked a few set questions. Each in turn enjoys the of memory When most perfect vigour en any point can be made to tell against Lieutenant Perry_ each in turn is afflicted with a most unfortunate forgetfulness when any point arises in his favour. What can you do with a youngster in a red coat who boldly declares "he can't remember ?" Two officers only have committed themselves somewhat further than the general assertion —Captain Camp bell and Lieutenant Waldy. It will be remembered that this latter officer stepped forward in his place in the swearing platoon to testify in favour of Cap tain Nicholas. He had never heard, never writ ten anything against that officer. Straightway was handed him a letter in his own writing, a copy of which, taken from Tuesday's proceedings, we subjoin : " IV. - T. WALDY." But for the preservation of this letter, by almost a miracle, where would poor young Perry have been ? The letter is not only valuable as evidence of a par ticular point in the cause, but as a general descrip tion of the doings in her Majesty's 46th Foot. We know not what the motto of the regiment may be ; let us humbly suggest that, whatever it is, -it may be changed for " _Non mi ricordo !" BAILWAY INTELLIGENCE. GREAT WESTERN. The half-yearly meeting of this company was held yesterday at Bristol, Mr. Charles Russell in the chair. The notice convening the meeting having been read, The Cweineseser said—l shall not detain you with any long analysis of the traffic for the last year. The general results respecting it are clearly stated in the opening paragraph of the report of the directors, and those re sults, I trust, you will consider to be satisfactory. They exhibit a solid and healthy increase in both branches of our revenue, amounting to no less a sum than 98 , 3001 . upon the ha‘f-year. The complaint ordinarily made is, that increased receipts are consumed by increased working expenses. Upon the present occasion that is by no means the case, for you will perceive, that in order to obtain that large increase our working ex penses have been increased only to the extent of 28,700/. There is a very large addition certainly to be carried to our interest account, which absorbs as much as 50,0001.: but it must be borne in mind that this charge is occcasioned by the completion of the Birming ham and Oxford line, . a vcry extensive line, which as yet has no communication whatever towards the north, and of which, therefore, the traffic must be considered as totally undeveloped. Our Parliamentary proceedings have been rendered necessary rather in order to oppose those schemes of other companies which are considered to be injurious to us than to promote any new projects of our own. (Cheers.) In point of fact, we have not had one new project of our own for the last session of Parliament. (Hear, hear.) The few bills that we have found it necessary to bring in have been for the purpose of carrying out old arrangements which have been long in progress, and which have been re peatedly approved of, so that we may hope we have now obtained all the powers that will be essential for us to have ; and, for my owa part, I can see no necessity whatever that we should again proceed to Parliament for a very long time to come. (Applause.) In our opposition we have for the most part had success. In one important measure only have we failed. The bill for the Ss liebury and Yeovil line was carried out by a combination of interests that it was impossible for us to resist. The money, however, has still to be raised—the line has still to be made. It will scarcely be possible that this should be done without the pecuniary aid or guarantee of the South-Western Company ; and every meeting of that company shows that the South-Western proprietors are growing more and more determined that they will not invest the funds of that company in lines to be constructed through districts such as those which lie between Salisbury and Yeovil. The efforts of the Oxford, Worcester, and Wolverhampton Company have for some time been directed to the object of eman cipating themselves from the obligations under which they were placed by their act of incorporation to con struct their line upon the broad gauge, so that it might be worked continuously w ith th e Great' Western line. A short time ago we obtained a decree from Vice-Chan cellor Kindersley, enjoining them not to expend any further money on their narrow gauge until they should have completed their broad gauge to the same extent. We obliged them to insert in their bill a clause placing themselves under considerable pecuniary penalties, if their line was not completed upon the broad gauge within certain specified periods. The projects of the London and North-Western Company were directed in the last session of Parliament chiefly to measures of amalgamation by which they would have widely ex tended the sphere of their influence, and rendered them selves to that extent more formidable to their neighbours. Among these projects were bills for a traffic arrange ment equivalent to an amalgamation arrangement with the Midland Company, for amalgamation with the North Staffordshire line, for the lease and purchase of the New port, Abergavenny, and Hereford line, and for the lease and purchase of the Birkenhead line. Now, all these mea sures, particularly that respecting the Birkenhead line, have beenl extremely injurious to the interests of the Great Western Company. They were ail either defeated or withdrawn. That company succeeded, indeed, in carry ing a line into the coal district of Cannock-chase, an ob ject in which we failed. The ironworks situate on our line between Birmingham and Wolverhampton stand in great need of supplies of coal, which are becoming nearly exhausted in that quarter, and it would have teen a s great convenience to them if they could have been carried by our line. I believe, however, that the interests of the iron masters, more than those of our selves, will suffer by our failure, and we must endeavour to supply their wants for coal from the north-western districts by bringing them over our Shrewsbury line. The measure of the greatest importance to us which I passed in the last session of Parliament was the Shrews bury amalgamation, for which we have had such long and severe contests. As we have not succeeded in ' obtaining those facilities by which we hoped to render its pressure upon us less burdensome in the earlier years of its operation, we certainly enter on that agreement 1 under some disadvantages. One of the terms of the agreement was to take effect from the Ist of January, 1854, and it has therefore been in operation several months before we can judge the operation or the management of the line—indeed, before the act giving it to us had passed. During that period the London and North-Western has continued to pursue its policy of destroying the traffic on the Shrewsbury and Bir mingham line, by diverting it and charging at the low fares of is. for conveying second-class passengers 70 miles round by their Staffordshire line. Between Bir mingham and Wolverhampton there has been no means of communication except by the Stour Valley line, and every effort that the London and North-Western Company could make to close that line against the Shrewsbury Company has been made. To the north, the Birkenhead Company, under actual agreement with the London and North-Western Company, has with held every facility that could be possibly afforded to the traffic of the Shrewsbury and Chester Company. Under these circumstances, is it to be wondered at that the traffic of the Shrewsbury Company should fall short ? We were quite prepared for such a deficiency, and, as far as we were able, we devised such arrange ments for meeting the defect as we thought to be entirely from all objection. The means that we pro posed were to postpone the payment of any deficiency which might arise in the traffic of the Shrews bury Company for two years, to spread such de ficiency over the following five years, in order that it might be governed by the improving traffic of the Shrewsbury lines themselves, and at the ex piration of that period, if any deficiency should arise, then in that event, and in that event only, it should be charged against the revenue of the Great Western Company. There was not, there never has been, the most remote intention of charging this deficiency against capital, or anything of the sort. On the contrary, such expedients were expressly prohibited by the very terms of the act. The sole purpose we had in view was, to devise a plan by which the receipts of the Shrewsbury line should be made responsible for the payment of the Shrewsbury dividend, instead of casting the burden upon the shareholders of the Great Western Company. It seems to me• that nothing could have been more fair, I nothing could have been more reasonable, and nothing I could have been less injurious to any human being ; and such was the only object which we had in view. The House of Commons saw no objection to that arrange ment, for they passed a clause we inserted in our bill for the purpose without any difference of opinion. The com mittee of the House of Lords saw no objection to it, for, though they proceeded to disapprove of the acts we had introduced in the first instance for the purpose, they authorised us to state their entire approval of a clause we had subsequently framed for the same purpose. But, notwithstanding the concurrence of these high autho rities, the London and North-Western Company deter mined that they would offer an uncompromising opposi tion to our plans. We might have determined to post pone our bill, and bring it into Parliament in next session, with such a clause as would meet the purposes we had in view. But this course was at least questionable on the grounds both of good faith and good policy. On the ground of good faith it was hardly consistent with our verbal engagement with the Shrewsbury Company to let slip the amalgamation, which was actually in our grasp, and leave it to the chances of another session of Parlia ment. It v4ould hardly have been consistent either with economy or prudence to postpone a measure we must have brought in in the next session of Parliament, when we must have encountered the same vexatious contest from which we had just escaped, and that with our friends disheartened by defeat, and our enemies embol dened by success. We might probably then not have been able to accomplish better results than those we have already procured. (Cheers.) We determined therefore to adopt the third course—to take the bill at once without the clause, to secure the alliance, to render ourselves free from all imputation of bad faith, and to trust to the spirit and good faith of our proprietors, which has never failed to carry us through the most difficult points in the warfare adopted by our opponents. (Cheers.) .Hev ing now accomplished this alliance, let us consider for one moment what are the inconveniences that we are oh. to meet by the particular form in which it h as bee n tained. We have to meet a deficiency of 30 , 000 /. in the , revenue of the Shrewsbury Company, and to enable us to do that we must submit to the loss of one-half per cent, dividend on one half-year. This is the most direct, whicheire 1. the most straightforward, and the safest course we could have pursued. The groun ds on which we may feel confident that the increase of receipts on . our line will be sufficient not only to supply this deficiency, but to meet all other demands which we have on us, are, , first, that the injurious competition of the London and' North-Western against th e traffic of time Shrewsbury Company cannot, I am sa tisfied, be persisted in, when that company, instead of being a small or insulated body, shall form part of a large and powerful system, cap a bl e of protecting and vindicating itself. (Hear, hear.) If , the traffic upon the Shrewsbury lines were not exposed to that competition, if they were enabled only t o l evy the ordinary charges upon that traffic, the present amount of it, without any increase, would be ample to cover the dividend of 3i per cent. which we guaranteed. (Cheers.) Secondly, by the Ist of September we shall , have a continuous line between Wolverhampton and Birmingham, passing through one continuous country, abounding in manufactories and population, in our own ! pos,e. • -- ssion and under our own contr o l, f rom L on d on to Chester. Thirdly, fiv the additional powers which have b ee i s 01)tisined,oyer the Birkenhead Company, and by the facilities that will hd afro - raid - to -us by Mr. Cardwell'sl public act, we shall have opened to nil an unobytructed 1, to exchange, ng Lawler that I These are ve r y " Wind sor , J une 12 . should h wisho"u 1 i l d y yw d oi dear ahrt wouldo Pe t r a r k y en 2 , — he in l mt f i o y a nof after ro a r yy o 00 u r u e r a i e l rally servanteg. oi jolly quarters; lots of women, and we have a drag that is, I for Ascot and are<going in grand style. YOU owe me 3/. owe it to you. I hope you may live till you get it. I have a good mind to exchange myself, being pretty well tired of the South Devon.' The drill is worse than ever, beginning at 7 a.m. and very often till ti o'clock p.m. We are obliged to ask leave to go to London ; although there may be , no ~,I rade on that day, it k all the same. How does Knapp bear his lieutenancy' ? I think 1l will be taken down a peg or two ; but you need not tell him .so,.popultkr feeling . being very much against him here. Coote has had several takings down here Already; the other day Nicholas told course of traffic, not to Birkenhead only, but to Man chester also. Fourthly, we have reason to expect that the Birkenhead docks will, at no remote period of time, be sufficiently completed to admit large vessels, when the trade of that port must be very largely increased. Fifthly, we have every reason to believe that the local , traffic upon the Shrewsbury Company's lines is snscep-' tible of very large extension, particularly in coal. W shall have besides for the first time appropriated to our selves a through traffic from London to the manufa.ctur-' ing districts of Lancashire, passing over 228 miles of railway belonging to ourselves ; and ultimately there can be no doubt that a more economical and a more efficient mode of working the line can be accom plished under a united and combined system than is, possible to be the case under a divided management and separate establishments. Our traffic must gradually and rapidly increase to such an extent as shall not only com pletely cover all the deficiencies which we have now to meet, but shall justify all the expectations we have ever formed of our northern lines. Mr. Saunders, the secretary-, read the report, of which the following is an abstract : "The accounts for the half-year, to the 30th of June, 1854, in comparison with those for the corresponding period in 1853, present the folow•ing results, the same extent of railway being open during each period : LINES LEASED AT FIXED RENTALS. Leasing Closing Prices Business ei.hr. Paid. RAILWAYS. compans• this day, this day. 50 all Bedford and London & Bletchley N. West. St. 100 Buckgharash.. L.&N.W. 95 100 50 all ClydesdaleJc. Cal-0( on 95 97 St. 100 E. Lincoln gr. 6 per cent. Gt.Nrthn. 135 137 136 25 all Glas. Barr. & Caldonian. Neils. Direct 25 all Do. New...... Do 1 2 00 5 an al), Flrtlpl. D D k n..F sz r •G n t ..W isT e e s w tn 2B 30 Railway & Berw. 50 all Hull & Selby Y. &NMI 103 105 25 all Do. Shares. Do 5ll 524 254 261 1 1 3 2 i et a a . ll to D o n . .1 shar Greenw es. S D ' . ° Eastern 124 134 20 all Do. Preference 110 23 —24 20 100 Lowestoft gr. 4 per cent. Norfolk 20 itIO Do. 6 per ct. 51 all llanch. Bxtn. and Matlock & Midid. 2g - 21 2i 50 all Middlesbro' & Staten & Redear. Darllngt. inn( all Aidld.Bradfd %holland 94 95 50 all Northern and Easternsp.c. E. Count. 53 60 50 Do. 6 per ct. Do ..„ 50 all Do. Fixeds pE Do — ••• 25 all Prest. & Wyre L. &N.W &Lu&Y . k 124 12 Do. 4 Shares. Do — ••• St. 100 rtoystn.&llit. GtNorthn St. 100 Do.Shepth.St D 0... ... . 25 18i Shef.Roth Lancash& Goole g. 5 p.c. Yorksh. . 12 9 i l 3. Statiordsh. A.MClean - lid 50 all Wear Valleygr Stockt. & 6 per cent... Darlingt. 25 all Do 3O 31 301 St 100 Wilts&Somrst QtWestn. 92 -- '94 94 Aberdeen . Do. No. 2, p. c. Birth and Tyne 10 per c. pref. (issd. at 501) Bris. & Ex. 4 p. c. St. Do. 4 p. c. Shares Caledonian £lO Chester & Holyhead Guar. 5A per cent Cork (tHandensip.c Dundee Perth &Aber- clean Junction EastAnglian (X3los, 6 per cent Do. (X 5) 7 per cent Do. (£7 17s) 7 p. c Eastern Counties Ex tension, 5 p. c. No. 1 Do. No. 2 Do. New 6 p. c. St Eastern Union, Scrim Guar. 6 per cent Do. 51., 10 Tier cent.' Do. 101. Defientr.Sh- East Lancash. 6 p.cts. East and West York shire June. Pref... Minh Pith. &D undue 4 per cent. Glasgow & S. Western Guar. 5 per cent 3reat Northn. 5 p. c Do. 5 p. c. Redeem., at 10 p. Do. 4i p. c. Scrip Gt. N. of Scot. 1 st Pres Southn.&Westm. (Ireland) Eighths)... Do. 4 per c. Prof. Sh. Westn. (Berks Rant; Ex. 5 p. c)... Do. cov. red. 44 . P.C. Do. con. red. 4p. . Do. irrecl. Lan. & York. F. £2li Do. 6 p. c. Stock Leeds N. 6 p. c. No.l ! )o. Quarters, 1848 London and Brighton Guaranteed 5 p. c Do. Pref., 5 p. e. St. Do. Convertible, 5 p. c., 1852 Do. New Guar.6 p. c Lou. &N. W., Coy. ea Nuneaton .. London & S. Western Con. Thirds Loudouderry& Color Shares Lowly. & Ennie.i Sh Nan : , Shef., & f Shares, No. 1. .. Do. New, £lO .... Do. X 6 Nlarypt.& Carl .4 p.c Do. 4s per cent Do Consol.6 p.c.St. Do. Consol. Bristol & Birm. 6 per cent Do. Pref. 4iper cent Norfolk Debenture Do. Prcf. 4 p. c. Stock Do. 5 p. c. Eat Do. .s:t, per et .pref. Do. Way. Val. 5 p. c North British North Staffordshire Oxford, Worcester, & Wolverh..£ls 6 p.c Do Scot. Cent. , New Pref Shrews. &Birm.N.G. ihrewsby. & Chester (Nor.W.Min), 8 p.c. Do. 5 per cent South Devon D. fixed, 4i per cent S. Eastern (Reading Ann.) of £1 Os. 6d. Do. 4 4.er cent. 3.Yorksh.4p.c.Guar. Stockton and Dar- lington, 4 per cent Do. do. do. Stockton and Hartle- pool, guar. 5 p. c. till Ist July, 1856 Araterfd.&Kilk.6p.c. York, Neweastle,and Berwiek,4 p.c. Pref Do York&N. Midland H. and S. .. " RECT:IPTS 1853. 1854. Increase. Passengers, mails, kc '2329,188 £365,602 £36,414 Merchandise, parcels, &c 169,035 226,937 57,902 Other sources of revenue 24,275 28,348 4,073 532,498 620,887 98,389 Working expenses 9 33,837 262,618 28,781 • --, Net rovenw 9 83,661 358,269 69,61)3 " CHARGE. For interest on loans and dividends on preference capital 145,229 195,825 50,596 £143,432 162,444 19,012 " TRAFFIC. 1853. 1854. Increase. Number of passengers con veyed Number of tons of goods conveyed 319,174 426,464 107,290 " The foregoing statement of the comparative revenue and expenses, as well as of the business transacted, cannot fail to be satisfactory, when it is perceived that the addi tional traffic has been conveyed over your lines at a cost of only 28 per cent., notwithstanding that the main increase has consisted of merchandise and minerals ; and also that the difference of the revenue has been more than adequate in the first year to pay the increased interest on loans and dividends on the preference stock, which, in fact, repre sent the capital expended on the purchase and construc tion of the Birmingham line. " If it had not been for the unexpected obligation to dis tribute a considerable proportion of the existing revenue among the shareholders of the two Shrewsbury companies, under the circumstances so fully represented in the circular statement which accompanied the accounts, the directors would have been able to recommend the usual dividend of 4 per cent. per annum on the ordinary stock. This, too, would have been attained under many admitted disadvan tages, in having been obliged to open, for local traffic only, a railway of most expensive construction between Oxford and Birmingham, completed into the very centre of the latter town, without any connecting line beyond it. " Scarcely as yet had any through traffic from the north been procured over any portion of the Birmingham and Oxford Railway, although it must be obvious that, upon the opening of the Wolverhampton section in continuation beyond Birmingham through the South Staffordshire mine ral district, and upon the possession of the two Shrewsbury railways, there will be, at no very distant period, an abun dant return, as well for the capital expended on those un dertakings, as for the sacrifice of present dividend rendered imnerative upon the shareholders. "In making up the accounts of the half-year it will be seen that the directors have given effect to the system which was approved at the last half-yearly general meeting, of charging the revenue account in fixed amounts for the discharge of all those Parliamentary and legal disburse ments which come under the definition given in the direc tors' report of the 20th of February last as fairly belonging to that clags of expenditure. "The sum of 2,5001. has been appropriated for that pur pose in the first half-year of 1834, leaving '2,5001. or 3,5001., as the case may seem to require, for the next account, to make tip the fixed charge therein specified ' at 5,000/. or 6,0001. per annum.' " The directors think it right to report that the accumu lations already to the credit of the Insurance account against accidents,' in consequence of setting apart a fixed annual sum, as recommended by the board, exceed 11,0031., after meeting all existing claims upon it. "The only unadjusted accounts which remain to be men tioned as having relation to revenue are those with the South Wales Railway Company, on the one hand, under the agreement for a lease of one-third of the revenues of that line nct yet finally arranged ; and with the Midland Railway Company on the other, who are indebted to this company, in addition to other claims, for the rent agreed to be paid by the Bristol and Gloucester Railway Company for the use of the line between Gloucester and Cheltenham, which has been now running since 1846, which agreement was duly confirmed at the time by the proprietors of both companies. "The directors have urged through their professional advisers that these long outstanding claims upon the Mid land Company-, which by agreement had been at one time under legal investigation, when the referee (Mr. 'Justice Crompton) was raised to the bench, should now again un dergo a similar process, with a view to obtain a final adju dication by some impartial person competent to decide all matters in difference between the two companies. " They entertain little doubt that the sum to be awarded to this company in respect of the Bristol and Gloucester agreement, during eight years, will be more than commen surate with any deficiency which may have arisen on the South Wales Railway lease to the present time ; and more especially as in the latter case, there will be a sot-off of some expenditure incurred for their account at Gloucester, besides some other claims in diminution of the loss during the first two years of the lease. "In the hope that these two items may be simultane ously adjusted, and settled within a short period, the di rectors have no hesitation in recommending that both the claims shall, for the present, remain over as matters of ac count likely to compensate each other, and to be then balanced; but in the event of continued delay in either case, they suggest that the proprietors should for the future set apart a moiety of the South Wales dividend to meet any arrears of claim, until the whole shall have been dis charged, whether by any award under the Midland refer ence, or by the effect of a progressive improvement iu the South Wales traffic. "It is very satisfactory to observe that already the re ceipts of that company-, even although still an incomplete undertaking, have increased from 3,750/. per week in 1833 to 5,300/. during the present summer ; and it is confidently believed by those who are most competent to judge of the results of the South Wales Rail way when finished that the business is capable of being very largely increased. "In addition to the amalgamation of the Shrewsbury Railways with this company, the directors succeeded in obtaining legislative sanction to two acts—the one for ex tending the time to complete the Wilts, Somerset , and Wey mouth Railway, in coarse of execution, and. to make the short fork line to connect the Berks and Rants Railway with the main line nearßmtling; and the other for dispens ing with certain works in the town of Birmingham, and for providing additional accommodation in land and stations both there and at Wolverhampton. " The Metropolitan Railway, forming a junction at Pad dington with the Great Western Railway, and extending into the city near to the General Poa-office, has been sanc tioned by the Legislatnre, width° subscription by this coin pt:ny of 175,0 V. has been authorised by the act. " The directors arc satisfied that, whatever may be the present loss of traffic inflicted upon this company by the forced diversion of it over a circuitous line between Oxford and London, via Bletchley, it will be compensated for here after, when time broad gauge must not only be laid, but also opened for public use continuously from the Great Western line at Oxford. "Dating the Parliamentary proceedings of the session, the directors deemed it expedient to offer the insertion of certain clauses in two of the acts then in progress through the committee, to set at rest and establish the bona fides of the company in carrying out two principles, on which, as promoters of those acts, they had fully declared their in tentions, although their adversaries sought to raise doubts and distrust iu the minds of the committee. " The one related to the construction of additional rails on the existing Great Western line between Oxford and Basingstoke, in order to admit of narrow gauge waggons being transmitted, without impediment, from the north to Southampton .and- The directors of this company had previously pledged themselves to afford this means of direct intercourse without break of gauge over the Groat Western Railway, as soon as a connection could be obtained with the narrow gauge lines in the north. The advantages of it to the company, as well as its useful ness to the public, cannot be disputed. The route from Birmingham, as the centre of England, to those ports in the English Channel is fifty-five miles nearer than by any other railway ; and, the narrow gauge rails being already added to the Birmingham and Oxford line , there can be no longer a pretext for diverting any of the traffic from the manufacturing districts towards Southampton they any other railway, on the plea of having t additional railso change in b transit from one gauge to the other. Those will, at B Birmingham i e n v g e h n a t ra s , and constitute Basingstoke the a c G s srtehsaient mainWe Western e andrn line direct be tween to or from that railway thoroughfare for all traffic England. A period of 18 portion of the south coast gmaoungteh rails has been oi th allowedthe line be between etnh Oxford completion an dm: toeafosfitnhtg:Betnoakrer Shrewsburyo. w relatesto m'a t y he be t n im m e de a t u o d P e a Q r la li d a i m ti° en i continuously to and from Wolverhampton g l line s t to over ad traffic upon ‘‘ T w h - e h which futureother ciclause forbei being adding r l e e third d e o itinabilrwosaydegauge carrsaeosnoreawcha " No such power had been sought in the application for the bill to amalgamate these companies, nor was it in con templation to press for the construction of the broad gauge rails over them before the public necessity for such im proved communication should be fully recognised. To snake this perfectly clear and intelligible, it has been enacted that the Board of Trade must publish in a report their opinion that it will be attended with advantage to the public to have such additional rails before an applica tion can be made to Parliament for power to lay them. The effect of this clause will obviously preclude any ex pensive contests on the question of gauge until the time shall arrive when it becomes a certainty that the public trsiae,el applicatione requirements must prevail over adverse objections, .and. that Parliament will consequently give the requisite autho rity to provide the broad gauge accommodation, in addi tion to that oh the narrow gauge. " Th Great Western Hotel at Paddington, having been completed for occupation in the month or June, was opened to the public under- the management of a committee of those gentlemen who had subscribed frinds and taksn the lease of it. It is a matter of great satisfaction to find that ever since the opening of the hotel the accommodation it affords to passengers has been resorted to in tho most en couraging manner, which gives the promise of a beneficial return to those who, in an enterprising spirit, embarked their capital in it. " The report of Mr. Brunel, the engineer, states that the Radstock branch will probably be completed and open in about a month. The Uxbridge branch is completed all but the permanent way. The permanent way of the Birmingham, Dudley, and Wolverhampton Railway, and of the junction north of Wolverhamp)on with the Shrews bury lines, is rapidly advancing to completion, and will be in a fit state for public traffic on the Ist of next month. Of the n3w lines in which the Great Western Railway Company is interested, the Wycombe Railway has been completed and opened during the 1 Hereford, Ross, and Glocester railw:ystvil'7ilr,btt.c.omanpdlLettehde, durihk the eurrent'half year. • • • • • • • " ' it will be nocosaary to obtain Totes from the proprie7 tors for expenditure upon new stations andextensious of the pres en t accommodation at Bristol, Box, Swindon, Stonehouse, and some minor stations, 25;060/._ ; and for additional house accommodation at New Swindon,•s,o3/.; at the Paddington station a further vote will necessary of 50,000/, t owar d s th e wo rks still in progres.!' • , • An abstract of the accounts and circular aiiiiiiikd - - 4 "" thereto appeared on Monday. The CHAIRMAN then moved a resolution, to the effect that the report and statement of accounts be received and adopted. Major COURT proposed an amendment, to the effect that the report be not adopted. He understood that it was agreed at the last meeting that the report of the di rectors should be circulated among the proprietors a week prior to the half -yearly meeting. He had not had time to read the report, and he had no doubt other shareholders had felt the inconvenience. He therefore called upon the proprietors to do justice to themselves, and adjourn the meeting for a week or a fortnight to consider the report. A PROPRIETOR said the question had been discussed over and over again, and it had been considered as im practicable. Mr. PLOWDEN seconded the amendment. He did not intend to oppose the dividend to the Shrewsbury Com panies, but ho thought the proprietors ought to pause before they agreed to eanction the outlay of 80,0001. mentioned in the engineer's report. Mr. NICHOLSON expressed his strong approval of the report. He had generally opposed the directors when he did not approve of what they proposed. He thought, however, that they had acted with great prudence and discretion in respect to the amalgamation bill. They did perfectly right not to risk the bill by insisting en the insertion of clauses which might have caused its rejection. He hoped that the shareholders would strictly adhere to the principle of paying the dividend out of the earnings of the line. The question of compe tition was so far settled with regard to the Shrewsbury line that it must be either peace or war with the London and North-Western. They could not allow things to go on as they had for several years past. The CHAIRMAN, in reply to Mr. Davies, said that, so far from it being understood that the report was to be circulated among the proprietors prior to the meeting, tiae shareholders at the last half-yearly meeting bad ex pressedo occasion, objectionsca sonthemselvesth a ac d do v fu e or r us s en e ,d t o pi i at t r . qt iuciu It T ea h ri e lm r y e po w ons e s t r i e bhe r a pe tro c e t s i ge cii through the work at the board in time to circulate the report earlier than the day before the meeting. The circular sent with the accounts on Saturday last con veyed to the proprietors information on all the important points they had to consider that day. No advantage could be gained by an adjournment. The Secretary, in reply to a question, stated that all the known liabilities against revenue had been charged during the past half-year. The lawyer's bills, as had been stated at the last meeting, amounted to about 35,000/., and in the present revenue account 2,500/. was charged to revenue, and a similar amount would be charged against the next half-year's revenue to the same amount, so that from 5,000/. to 6,0001. a-year would be charged to revenue until the whole was liquidated. One of the auditors stated that the amount of law and Parliamentary expenses during f the past five ye'irs amounted to 122,0001., part of which was charged to revenue and part to capital. Major COURT remarked, that the accounts did not show the amount expended every half-year,. and there fore they did not know how they were getting on with their expenditure or capital account. The estimate of the committee of investigation had been far exceeded, in one case to the extent of 1,100,0001. He wished to know when their capital account would be closed ? The CHAIRMAN said, when the lines were completed, he supposed they would know the extent of their outlay. Mr. GORE, of Bath, and other shareholders, strongly recommended the payment of dividend to the Shrews. bury Companies out of the revenue of the Great Western Company until the traffic on these lines should be suffi cient for that purpose. Mr. MALINS said it was his intention to propose the appointment of a committee of shareholders with a view to investigate the affairs of the company for the purpose of putting an end to the expensive contests that had so long existed ; but, not being able to carry his motion for the appointment of a committee at the London and North-Western meeting recently held, he did not think it would be of any use to bring forward his motion for the appointment of a committee on the present occasion. He was anxious to save railway property fram further depreciation, and he thought much good might be done by influential shareholders exerting themselves to pnt an end to those unseemly and expensive contests which had already seriously injured the property of railway com panies. He considered that the charges in general of the railway companies were too low to be remunerative. After some suggestions as to the reduction of the charges for small parcels on the line, and ethers for the appointment of a traffic manager to develope the re sources of the line, _ Mr. SAUNDERS explained that everything had been done and was being done to accommodate the public and develope the traffic, Resolutions were passed adopting the report, declaring a dividend for the half-year at the rate of 34 per cent. per annum on the consolidated stock of the company, and the amount paid on the Windsor shares, and autho rising the outlay mentioned in the engineer's report. The CHAIRMAN then proposed two alternative propo sitions—one for the continuance of the payment of the dividend to the Shrewsbury lines out of the Great Western revenue, until the net revenue on those lines be sufficient to liquidate the guaranteed dividend, and the other for purchasing the shares of those companies on certain conditions ; but the feeling of the meeting being unanimously in favour of paying the liabilities in respect to the Shrewsbury lines out of the current revenue of the Great Western Company, the former proposition was unanimously adopted. The proceedings concluded with a cordial vote of thanks to the chairman and directors. TAFF VALE. The half-yearly meeting of this company WAS held yesterday at Bristol ; Mr. J. Poole in the chair. The report stated that the balance of accounts allowed the directors to declare a dividend at the rate of 74 per cent. per annum on the stock of the company for the half-year, payable on the 6th of September next, with a dividend in the same proportion on the preference stock No. 1, and on the amount called up on the 10/. shares. The urgency of further dock room is still most se riously felt at Cardiff. The new dock constructing by the trustees of the Marquis of Bute is, however, ap proaching completion. When completed it is hoped that ample accommodation for the increasing traffic will be found to exist. From the reveuue account to the 30th of June last it appeared that the receipts amountedto 83,055/., and the expenditure to 60,1561., leaving a balance (with 2,401/. from last half-year's account) of 22,8981. The CHAIRMAN, in moving the adoption of the report, congratulated the proprietors on the satisfactory posi tion of the affairs. The company afforded freighters every facility in their power, and ho believed, on the whole, their line was still one of the most economical in the kingdom. (Hear, hear.) After some observations in respect to the construction of the Rhonda branche:s ' resolutions were passed adopt ing the report, electing Lord J. Stewart a - director in the room of Mr. W. Coffin, resigned, and re-electing the retiring directors. The proceedings concluded with a vote of thanks to the chairman. The meeting of the Taff Vale Waggon Company was then held, and the regort stated that the first lease to the railway company was now being engrossed for 900 waggons, at the value of 37,500/, The second "lease for the like amount would be completed immediately after payment of the call of 1/. per share in October next. LONDON AND BLACKWALL; It appears that a dividend for the half-year ending the 30th of June last will be at the rate of 3s. 3d. per share, clear of income tax. LANCASHIRE AND YCRESHIRE. It appears that the directors -of this company have de- cided on recommending to the proprietom at their next meeting to declare& divided for the past-half-year at the rate of Si per cent. per annum, and to add to the sur plus brought forward from the previous half-year. CEYLON. Yesterday the annual meeting of the proprietors in this undertaking, advertised to be held at the offices, Copthall-court, was adjourned sine die, there not being sufficient shareholders present to form a quorum. The report recommended that the scheme—which has for the last three years been in abeyance —should so remain for another year. DUBLIN AND BELFAST JUNCTION. It is stated that the dividend for the past half-year on the shares of this company will be at the rate of 5 per cent. per annum, free of income tax, MIDLAND GREAT WESTERN. The dividend on the shares of this company for the past half-year will be at the rate of 5 per cent. per an num, leaving a balance for the next account. THE CO.NDRIINED MURDERESS AT CHESTER.—SinCe the departure of Mr. Baron Martin from Chester, who before he left declined signing the warrant for the execution of Sarah Featherston, convicted at the last assizes of the murder of her child, no communication with reference thereto has been received' from the Secretary of State. Soon after her conviction she admitted her guilt to the chaplain, *ho has been ex ceeding kind and attentive to her, and made a state em that the about u r , se nurse, not state ment n t timeto the she followin g took away eff e t c h t e child . not knowing what to do wit h it, she turned to he r Bible for consolation. She accidentall y o p ened u p on a Sfie from says chapter in Deuteronomy wh ere it is said—"A ba stard shall not enter into the c on g re g ation of the Lor d ;" her uninstructed mind applying the words to her own case, became more deeply affected, and as she sauntered along with the child she was com p elle d occasionally to sit s tbi e ed the bricks up in at last f orme d th e down and relieve herself a flood of t ears. M ore sen sibletal r t e h s an olv c e o ver f o m f her degradation, it, adationC and its dress as related in the evidence. She then placed it in the pond, and it floated a little and afterwards sunk. Becoming conscious of the awful crime she was commit ting, she seized a willow branch which lay beside her, ra C G and attempted to drag th e c hild b ac k to the s h ore, b ut RAILWAYAfe ndshe haeAlt n trainlA s it was now out of her r eac h . — C7teBter Courant. SUICIDE d a . —t the O n Lincoln the sta tion r r i a l of tiiem anclNhes on Thursday afternoon, at 3.30, on opening, a first class carriage the officials were horrified at finding in it a gentle Man quite -dead, and a bnttleLof,poison by the side His name is unknown. The body awaits an inquest. 41281 100 100 184 114 all lOU 17 17i 1 2t 28 100 100 100 100 212. all 100 8 100 10 25 10 L. 0.6 5 10 St. 5 100 100 100 6 160 10(1 100 100 100 100 15 8A 8 10 15 all all all 1171 95 4