The Express.
London, England, 1852-08-18 00:00:00

ROYAL YACIIT SQUADRON REGATTA.

Cowan, TVLSDAT EVINING.
The yachts et present in the Solent and the Me-
dins are very numerous, but even the present large
number would have been considerably increased but for
the boisterous gales experienced of late, which hu pro-
vented many of them from coming up from the westward
and other ports. It was stated that the Coquette, on
her way from Plymouth to this place, had sunk, but
this rumour has turned out happily to be without fonts-
I dation, as information has lately been received that, being
overtaken by a storm, she put into Weymouth and has
escaped with but slight damage. The sailing committee
consisted of Mr. W. Ponsonby and Mr. Richard Franklyn.
The amusements opened with the race for
Her Majesty's Cup of 100 guineas, for cutters of 75 and
not more then 105 tons, belonging to the Royal Yacht
Squadron, for which the following vessels were entered :
Yeats. 'Tons. Owens. Meg.
Arrow lO2 Moo Chamberlin', In. Blew. whim snow.
Aaron 47 Le Mantissa Thorass, En. Whale, red Mar.
Lanoek
The Queen's Cup Course—vin., from a cotter moored of
Cowes Castle, round the Nab Light, returning from theme
to Cowes and proceeding to a vessel moored of Yarmouth,
heck to Cowes Castle, where the race will conclude. A
time race on a new scale. The Arrow, from her late per-
formance* at Ryde, was decidedly the favourite.
Shortly before ten o'clock the vessels appeared at the
stations, and at five minutes before ten the preparatory
gun was first. The crews of the respective yachts were seen
in activity in a moment in getting all in readiness, and at
ten o'clock precisely the gun for starting was fired. There
appeared to he some little delay in getting under weigh,
but the Arrow was the first to show het bowsprit ahead, and
getting to the windward she fur a abort time took the
followed bithe Lavroek, and some distance astern by the
Aurora. The lead, however, was bat of very temporary
duration, for she had not started above a minute when the
Aurora, who had now gathered her wind, came abreast of
the Lama, then passed her, sad drew rapidly on the
Arrow. Oa getting abreast of Old Castle Point she over-
hauled the Arrow, and, in a few moments, succeeded in
running by her, and taking the first place. The Arrow
then continued to fall astern, and from this point to On.
borne House a most interesting race ensued between the
Arrow and the Lavreek, the little Aurora still main
the lead. The relative positions were nualtneed floor a
point, sad they made tbeir way towards Ryde, whim ISTIM 6111
getters' opinion of those on the beach that the Arms silk
succeeded in tacking first towards the thadhsail ra.r
this opinion requires confirmation. The bl.Urbi int
mr.
ever, of the Arrow was moat excellent, ads her
altered form, she appears to possess all the plasidisa /whit
sailing, in common with those of the latest from the bander%
bands. The pretensions of the Anion are by a* sons to
hi underrated, as she was the second vessel resod the
Needles on the occasion of the ram for the Queen's Cup,
on the course round the Isle of Wight last year. It sill be
remembered that this was the second victory of the Ame-
ns:l, sad the Aurora was then the only vessel that came
round the Needles with her. We must, however, defer the
result of this match until the next communication.

Thera wu a talk her; to:daltiCaTticeinterice, Lord de
Blegaiere, would appear in the Solent if a crew can be got
together to the owner's satisfaction, but she is disqualified
from sailing in any match here, not sow being a foreign
vessel, and her owncr not being a member of the Royal
Yacht Squadron.

EMIGRANTS' AID AND TRANSIT SOCIETY.
A meetiag took place laat evening, at ths Apollo-
' lakes liteem, St. Mania's-Wee, to hear as espesitiam ot the
prissipke et this society. There vas a aswiled shandsows,
a pest malty haulm LIM Issldas pee-
-1 ..ritr& used est tls• attendee of frakeelies
gasels Ile immense of Isemprate bah% hie
=itthe rosette 0110 ewe madame • re-
(Miami yeme I. the Nee* Aimless
Kr. Osedells. • erentiamin who bee spent Isms pew
in the whey, eislremeed the NNW the wepid
larelet Os seinw_tifilleteete. may misled k 1111.
ipplilise a POPOV selpiel• niesmited le 121.
pit heed sithi=sell Uwe' baucessi IL
as& VIL est hr the salts al
the pig yetwhisk:P=l'e Pert span would
sides nesse who see—Peer, liese)—bst that they
mien pat their abesidess Is Pe w lei is es
slope lams sf the Let tloce whe
bed Pesdeesi their ham is Ps Islay lir the &g-
-ifts iambi there If dime. eel let Pre who west
their pine Mew, bass.) It wee the pass Ph*
of Pie efoletr mmy set ea essesiest epees ef
tem. as esememm by vase .din hay, llmeatC
beim (Ppm) The Greaten of Os essiety would make
it their Wham - the 1111ip and arrange-
meets •Ilhe k sea Sailkshr the seer
whlelli bee WlTmuslZeits,dli Inid" NUM be =4.1
the purement . mekity bed
epee Is the Ninny. Mr. W. Reorkins, thievish whose
mess these enigma who were fertanate is the colony
meld arouse hr Ile esst sf their Mattes, thee
(rittiseta.)lB' alga anfielthiraiseelety mos nista
of veselehei melcissi es shed up their thew la She
Pik.it 41 woe the boat ef the ape% it het
whisk wet eited_ by the mate esestehm estistlea
as LPL Sem Lod }fraiche. (Chemay The immlem
a the seal we. divided We tom
deem. Ind mslealig eimigee midi)/ eiblar=j;
mesh dills Horst wen Is mete Pim wpassed
M Awhile la the Mem hessil a /and hit Os pnr-
sips se bed in Anehile. At Ps se
bp es Bosom dis lie • sat
sod be y861%811. The plaid woes saw
Wish. bet they would be sesellseilly mama whim
the ilismied- eelVi e. who hid MR Shie mew
try is the OWN Ili the piss ssmism.—Mr. W.
Carpear moved • ash** that mossraties,
thumb tho efforts •of the *less, smided by 'my
' hied sf Perky, wu the Irs• ma tibia mg spina
of emisemies should be esseled, sod that Ps past pis.
peed Is this society allorded_ the best mesas of a:ss mbar
iligasesiMe:s. =ill* sig=e via segitie
te p. eon themslue weld
hue tie entire immassesest of the hate. by Pe *sate
of heel eemesittses. rt. bestasiThe ant-
White.suld be mai seam as of Pe land
sod the ism& beibling eseletlesr sehhh bed al-
=eillsetsd Ned kasisibllg melba episode of du
af substutplene Mari- pedlimsa
ailed lf the g jiziM beim Impft essietsrad, esearding
to the aim of wse sad nemmued ia to dhow
tive.—Lord igloo this wee seeismry, Is ceder to give
the publie cosiisse is its apeellens, asd is Pew
them that it wee net ens of those
white bed be. limempt blare the stelae
Th• redness was dm pt, sad __he speed to.—
ldr. Meek moved the essoismasot of • sonmittee for
Wooteimeer, at the beelst whom was Mr. Nieholay, of
Otheidne, Mr. Buddha, in answer Is gentions from
She smiting, said that • sakeriber hr ton limes would est
be entitled to a loss ae • eastleref awe% bet maid meneiy
he entitled to apply far a Ism as as ape* isf Ls Pares.
—Sus* shier sustioss were shot and saurcred, and
the pessoodie dosed with • vote of thanks to the noble
chasms.

Sown WELSH RAILWAY EXTENSION.—No fewer
than four distinct plans for railway extension are before the
public of South Wales. The largest and most important
scheme is one projected from Milford Herren to Manches-
ter, running through the heart of South Wales. This has
been termed the Welsh Union, and has been received with
much favour. It would run from Carmarthen through
Llandilo, Llandovery, Bnilth, Rhayader, to Llandiloes,
thence to Crewe and Manchester thus connecting, by a
direct line, the northern and antral diatrieta of England
with the south of Wales. It is said that the Earl of
Cawdor and Viscount Endre, M.P., and erne lupe land-
owners are in favour of the elbow. The entermiss Osbert
lines into the Welsh valleys hes Inn heed most ramose-
nt ire, and it is now proposed In emstruet a line fronts
Briton Ferry to Glyneorwg sad Maesrasminarting into the
valleys of the Avon and Llyovi, and Ghent 111 Mile"
in length. It would jain the llostli W maid Hoe at
Briton Ferry Docks. It appears that the Mot men of
land on the tins have consented to eve dhe requisite
ground gratuitously. Engineers are oink augisysi is pre-
paring plans and sections for the Format ofDein Central
Railway. The fourth project is the line ham Aberystwyth
to Shrewsbury, which has met with much attention.

RAILWAY ME ;PINGS.
SOUTH. WESTERN RAILWAY.
The ordinary Isalflearly general mooting of the
proprieties in the Leaden and South Western Company
wee baldgetainday at the Nine Elena Station. The ad-
earthallellt NW= meeting also announced that
Om die flet= twaimated, a special gene-
ralite
Mlllehte he MN eierider the report of the
&vn emends, peepseed Morives.
Mr. CHAPLIN, chaimma of the beard of directono pre
sided. The atteadsnos was not veep large.
The report (which appeared is the Doily News of the
12th), was taken as read. On the triestion being put that
the report be received and &twat.
Mr. UPCROFT asked wkathae deepromeat liettennts con-
tained all the debts and behinds et the up to the
30th of June last ? and if not what were tM outstanding
amounts.

Mr . HOYES (one of the auditors) replied that the esti-
mated future expenditure wu 131,0001. ; but he believed
that would be exceeded by about 30,800 f. if everything was
done contemplated and ordered. The accounts, of course,
did not embrace the works yet to be executed.
Mr. UPCHOFT called attention to the estimate of the
directors in their report in 1848; and to the prediction
then made, that there would soon be a 6 per cent. dividend.
The dividend of 31, which the proprietors now got, wu a
very questionable one; and he attributed this to the direc-
tors not cluing their capital account. (Hear, bear.)
Unfortunately the interests of the friends of the directors,
via., of the attornies, the engineers and the contractors,
were entirely.opposed to those of the shareholders; and the
result was such ruinous speculations as had been entered
into, and as were still recommended. (Hear, hear.)
What the proprietors had to do wu to force the directors
to put a cheek upon themselves by clueing the capital ac-
coast; but unless they (the proprietors) get the powerful
support of the London newspapers' he didn't think they
would ever be able to manage this. Ile wished this ques-
tion to be answered by the chairman—at what period did
the threaten themselves contemplate closing the capital
account

The CHAIRMAN did not see what grounds the be&
proprietor had fur his dissatisfaction. In 1818 the &UM=
made a very careful estimate of the cbable math ON
re would be required previous to eMeMa _ NOM thsemt ;
and fur two or three years be hid, flu Ihekawd.
repeated that statement, making the current ••••••ions
each successive year. Last year be had not imil the
pleasure of meeting the proprietary; but he we wil-
lingly on this occasion go again Into the matter. They had
received 8,722,5161 ; they had expended altogether
8,614,8351., and they had a balance of cash in hand of
107,6311. Then he came to the liabilities. The last esti.
mate made was 610,8301., for all the works contracted for.
They ha 1 spout up to the 30th of June of that 509,3191.;
leaving to complete the proposed weeks 131,502/. In fol-
lowing out the estimates, experience had pointed out many
directions in which deductions could be made, while on the
other hand occasions had occurred requiring works in excess
of the aggregate estimate. Since the old estimate in question
it had been resolved by a vote of the proprietary to
spend 16,0001. to go to Alton ; 4,0001. on ac-
count of the North Devon, and 90,000 f to complete
the line to Andover. Well, sfur these things were
dose with, there would be, according to his estimate,
as balance of cash in hand, 107,6311. ; for unissued shares,
472,46 N.; for calls in arrear, 6,6811.; for calls not made,
188,7981.; further borrowing powers, 110,5581.; value of
the surplus property left in hand, 187,7011.: making a total
of 1,073,8311. Deduct from this total the old estimate of
131,5011., the 16,0001 for Alton, the 4,0001. for Taw Vale,
and the 90,0001. fur the Andover ext:nsion, and there would
bs a balance of insets over liabilities of 832,3291. Ile did
not want Just yet to touch on the subject of the special meet-
ing ; but he did nut hesitate to say this—that if the capital
account should be closed,—and afterwards desirable projects
presented tbentselyse—there were twenty ways of opening
a new account, without mystifying the general capital OW
count by mixing up old with new item.. (Hear, bear.) in
regard, therefore, to the proposition which would be mode
at the special meeting, if they could not bring forward •
new capital account, clear of the old one, why they would
not touch the matter. (Hear, hear.) While on his lee,
answering the hon. proprietors, he would go into the gear
ral subject. lie thought that, on the whole, their ankles
did not look at all unsatisfactory. Ile would not compete
this year with 1111, which was quite an artificial year
as affected seaways, but, taking 1850, he found
that front the Ist of January to the 10th of
August, 1852, they had • clear eaten in receipts
of 9141. a week. (Hear, hear.) This was a tolerable smut
,and the result evidenced the wisdom of the liberal mike
which they had exhibited towards the public in regard le
fares, &c. The increase in the goods tulle was
&nate; for in the last six months they bad carded
Ism which ma 12,000 t .ns more than la any
halt-year. (Rear, hear.) There were also to be cone
the advantageouscircumstances growing up around the..
Looking to the influence of the junctions, giving them le
Southampton a communication with the north of England,
to thegrowth of the mail steam-packet service, to the gag
tor shipping at Southampton in connexion with the emigres
lion movement, be reacted he could see for this eempelly •
very satisfactory prospect. (Hear.) As to the exporibmw
he confessed it looked heavy, but it was an eitiptioaal
amount. The last year, with its great trade, had breseht
sudden great pressure on the machinery mit eimk ; and
the effect of that wear and tear had only bees kit hi this
half-year. Ho was, however, now glad te stets, wad he
said it advisedly, that there was a marked impregamest in
the whole of the simpany's masibbeseg gime the medessical
department had beta plated miler dm armies et Mr.
Nettie. In the raiseed fessummien of coke, in the
speed with which the heavy Inthesew travelled, and in the
diminution in the use el pad engines, there were great
causes for general eaththedes. The gem of unities, taking
the whole thing over the avenge of miles worked, was
only a d. a mile ; and this state et Wags tared a fair
comparison with the circumstances OS any ether line south
of Londe, and which had not those aulelogen in regard
to the price of coal enjoyed by the seethes companies.
Tie plant was altogether in a most elides. 'sedition, and
he believed they would get m most setithetatily this year.
(Hear, hem) Then wee Me matter which he could not
ggaamm ••••elesd; he waned to the pain end anxiety the
diulsw hail =dirges. is roped te the unhappy conduct
a their aid servant, Mr. thern. Mr. Stavin- hied served
W Mummy treat the very beglesiug, and uslimited um-
laute led been placed In him by- wine. H. (the
aloginees) bed originally inueleasi bin le the company,
and had been with member, of his owe Ithdly, security for
him. His health having become deranged, and his books
getting behind band, the dingoess get him to
away for a few weeks' Memel s, and, nageetedly
he
went te Americo. Letters had bum meshed fee
ibiasepdilint "irke =4"ra Zagiast
alSse lapay
telde raw bask, me beiggib him
n
to Muth W matrs in a peeper state. As yet I?,e
DA! eitekmes) had not semelsbeit whether Mr. Stovin
lad received est letter. The mak was still unsettled,
theethwe ; is he (the theirmea) biped it was still pese(-
a some eifiesselOS wwY he thrown over the coafseed
bermslises in ymetles, sad that things would tarn sae
befthe theta had bees enraged at int. As a natant ger
emtheme et the of elf Me. Issue, other Irregularities
esemened with it had bees asegered ; and the dinners
WON se present is i abaft with a Mr.
Ford, a gamier, who had imsght large train to the
Bee from the western who war debtor
• cab to • eendllsealeis snout in Mr.
tildes ad ever whets they lad me float held.
Theltild they had was is the gesurthes on poverty
width hed append nimble sad mailable : but k sew sp-
rlint be hid got rid Odds 2iNead @Wet
et:=18411;7=111111471 ,peey. sea AeAle wire gereesid
Mil shoat them as yes without the smolt
milddy.
_ls dealing with emigre Mr. , either
es vilmiesebs et retail 01111TiM, 'ensile risks met be run,
Me meek bed to be gives to they
they were obliged to give credit; but thejust di:saee-
en& fit that the more they Gould manage to
mama their errs buslases the better it woold be
hells* Istande. Armerthesty,they were determined to get
ash malthis mine Wllwthtea hoods • and they had a
amw vassegiejelsim them bleed, tilt very day (Mr.
11.10), who hal bed -pest peselleal emeritus, la the north,
sad vibe weed* men est the sew priaelpie effeetnally.
Oa the ethic Se law therms won fair and mode-
rate. The eallehme hills were all tarried to the
taxing miler is the Court et Snigger, which was eme
marastee M ilthwese ; and besides this, the ~espy
sow a law meth, if he might gen MI
le, leellaPrZe the aelistritt se M pazikamemy
badmen es that all wee dew that meld be
dews tie seulealise heavy domes& of this hied.
la easdedes, the hes. chairman Mend that the dinettes
wen es the mist *theft footing with the Heighten Ossr
may, sad sow canythg set all the anaggemethes feat
mama Mlle, math with that espial.
In esewer le a madden tram IDWARDS as to Mt.
Scott's else sew meemmed quallistigne,
Kr V. 111112,DING (the gesselery) stated that Mr.
Scott bad bees esmdmed by the peiasipal limner
by the Idieksesk aroslwaLszprw, by the Math illikkikell%
thrk brim the gale mu gee), red by the San-
buititeeth, end Ad Owes ampules open in
the fscitldt hem et Mr. Poets.

ARDS patented epithet the diffusion not
Wag a manager hen main their rent ebi adieus.
Maw, bear.) He alto peenseled spinet the wain of
lha dirselers going seenelty he their ens Whom They
eosin in take the guarantee society. (Hem.)
The CHAIRMAN—You may be sure 11l never p men-
, rity again. (Laughter.)
Kr. HE
aarseeed the misting en the paragraph in
the report relating he the elation et dimaters. He begged
It to be understood that be was set plash, hie own same
in opposition to Mr. flosjeast Gaselle or he Mr. Morti-
mer, but that he was &Wag in entire assonmenee
with them. He was only a candidate ea the aappo-
dtion that there was a third messy; but the
omasubject to width be desired be call attendee was as }w-
nly of the based at dandied Is the purged the
referring Is dm mend= wardensi by the ell
Mr. Atkin and Lord Marley end the death of Onmed
Now, they would all remember the eirremanent gnat
which the promiseizsestives that the ?amain; in di.
melon Weald be at dm award of the perwiang
;tit= It wee be semethig fa the way of 8111 S.
, or at hest elf a seacemiew le the 900 prevailed
who had complained that they found It *peen ble to obtain
any share in the management of that allblee. It was to be
an act of grace—aentetiting mem then the law would been
compelled the directors to do. Tim has. mamma sae
had made the promise on the part of the directors (la
Smith), said that two of the Ward would retire absolutely
—that they would resign and net offer themselves for w.
election ; and that the vacancies eo mimed would be glued