The Express.
London, England, 1852-09-14 00:00:00

EDINBURGH AND BATROATE RAILWAY.

The half-yearly report of the directors states that
a considerable portion of the expenditure of the last half-
year consists of payments of interest to bankers on the de-
beeline debt of the company, and on balances due on cur-
rent accounts, which cannot be regarded as add:dons to the
coot of construction. The directors have succeeded in get-
ting the debenture interest reduced from five to fear per
cent., by which a considerable saving is elf ctell. A
comparatively trifling amount of arrears now remains due
on calls. In • few instances it will be necessary to
forfeit the shares of the parties in default. The line
continues to be worked by the Edinburgh and Glas-
gow Company, as formerly. The directors have air
pointed Mr. J. Lorimer to succeed the late Mr. Grain-
ger in the office of arbiter under the contracts.
and to undertake the interim superintendence of the way
and works. The directors regret that it is not yet in their
power to congratulate the shareholders on the termination
of the differences which have for so long a period subsisted
between the company and their lessees. They, however,
continue to be animated by • sincere desire to arrange these
differences in an amicable manner, and cones ire they will
best evince this feeling by leaving the adjustment of the
terms of settlement, as formerly, in the hard+ of the share-
holders. The attention of the directors has been called to
the statemeats regarding this company contained in the
recent report by the directors of the Edinburgh and
Glaegow Company to their shareholdcr4, and they
consider it duo to this company merely to rev that
the terms of compromise proposed on behalf of the 0...5g0w
Company may, in the opinion of their directors, be earlier
than they would have deemed just for that company with-
out furnishing any sufficient reason for holding either that
these terms Cr. adequate or that the Bathgate Company
should at once have accepted them, or that the whole re-
sponsibility of furtiter litigation will rest witsi the latter as
a consequence of their refusal. Messrs. 0. Ctark aol J.
Fulton, the committee appointed at the last lualyeuly
meeting to settle, along with a similar committee of the
Edinburgh and Glasgow Company, all existing differ-
ences between the companies, report that they had pro-
paled, as a settlement of their differences, to eleindon
all claim for dividend previous to the 31st of Ja-
nuary, 1852, on condition that the Edinburgh and
Glasgow Company agreed, to accept of the line as
completed, and to pay the statutory rent of 4 per cent.
per annum from that date on the expenditure. this pro-
posal the Edinburgh and Glasgow committee declined,
and at their last meeting, on the 10th inst., offered instead
a fixed rent of 9,5001. per annum from the 31st of
July last, the Edinburgh and Bathgate undertaking
all obligations. On this proposal being made the Edin-
burgh and Bethgata committee endeavoured to ascer-
tain, as nearly a they could, what the ultimate expenditure
might be, in order that, if possible, they might recommend
the offer for the company's acceptance. They found, how-
ever, that the expenditure could not be calculated at less
than 254,0001., exclusive of any allowance fur unforeseen
claims, and the offer made by the Edinburgh and Glasgow
committee being equivalent, at 4 per cent., to a capital of
237,5001 only, showed on this head a giving up of 18,5001.,
which, added to 15,0001. of past rents, amounted to a grass
sacrifice of 31,5001. This they considered unreasonable, and,
therefore, felt obliged to decline the proposal. At the same
time, being exceedingly anxious for a settlement, they
offered to accept of the proposed sum of 9,1001, provided
the rent was made payable from the 31st of January last,
instead of the alit of July, making a difference of 4,7501.
This offer the Edinburgh and Glasgow committee rejected,
and the negotiation terminated. The committee do not re-
commend the Bathgate Company to concede more than
they proposed. The capital account to the :;Ist t f July,
1852, shows that 233,1241. had been received, and
233,1171. expended, leaving a Wanes of 71.

SERIOUS COLLISION ON THE LONDON
AND NORTH WESTERN RAILWAY.

LEIGHTON BUZZARD, MONDAY EVENING.

A collision of a most alarming character, and in-
volving a large destruction of property and serious incon-
venient* to the public, took plasm this morning shortly
before 8 o'clock on the line of the London and North
Western Railway, near Leighton Station, all miles from
London.

It appear that from between 200 yards north of the
Leighton Station to within about 100 yards north of the
41* min poet of the line, a relay of the rails 01 the up-line
is taking pine. Various precautions are stated to have
bees dinned le the engine drivers of the line. A crow
line had alms been hdd down, and signalmen had been ap-
pointed to remind the driven of the necessity of caution. In
addition to this a pilet engine had been stationed near the
Riot. under tie induct of which all trains were to
inks

The B.3odowntrain, which was a very heavy one, with
a powerful engine, numbered 110, driven Dv James Patti-
son, left the Euston terminus at its usual time, being due
at Leighton at 7.48, where it arrived in due coarse, com-
ing a large number of second and third-clan passengers.
The pilot engine came up to the Leighton Station, and
having hers attached to the down train, proceeded with it
owe the Meal. line to that point where the relaying
of the up Ens terminated. The pilot was then
unhooked frees the engine *Me 6.30 a.m. down train, and
preaseded at a rapisd sped ea to the crossing, in order to
poem 119 thea hoe le allow the down train to paw. The
4e
°elm ' sotaltioesih up Itle. whew tltnegdowanndtrawiun pas
et w had been kept by Parboil, the driver,
following at toe ha a speed, caught the left hand hind
buffer of the tender, dashing it across the line down the
embsekment, mei droving the pilot engine round across
the up Use. The she* wee se tremendous that the en-
girt of the passeager down trait bad its front completely
Move in, and was mho, together with its tender, thrown
Over across the down line, end tsar or five of the carriages
alike down twin ahe beteg thrown off the down line, the
oriel imat gap awl dews wee perfectly blocked. The ex-
ti lmeet muesli the pesseegme, and the alarm depicted
ea the Oise et 41111fy ems, may be essoeived, and for some
time** realest Imes were mMeresteed that lose of lire, or
et lease ilighliki mistllslien, wield be discovered ; but
with the omega of wee gentlemen, who had his face
ewer* net wish the glass of ore of the carriage win-
dows, egad (Rimy to ams of the hull of the policeman who
was on the pilot ssgYs, it cosh, not be ascertained that
=received wiles . _ the escape of the engine
and stokers et kelpOm pilot engine and that at-
tested to the down tabs b truly marvellous. Those in the
Meer, it Is stated, rolled see of the tender down the inn.
beekuor, what the
theMeer ma eleker of the down train
tiemewed ea to lke.
sem as the alarm whhh wee excited by such a catas-
trophe had somewhat subsided and the passengers attended
to, rear! eid being premed from Leighton, in case of
need. • was despatched to Wolver-
tra, • limmide== addition to the workmen em-
ployedie releptsgehe Las, a large number of engineers end
ether mew, wider** orders of Mr. J. E. M.Connelt, the
lecometive mpitrialewdeet, wired, and commenced a re-
moral of the deb* of the Mesa eurlages and other mate-
riels. Negri/ two Mete elapsed before the train which
maned et Me sm. Weld be mat up to proceed on its
se where it was an. at 10.55.
The et WWI% and that the line was
M~Sihaving been ermismitted to Euston eta-
tikts:de H. P. peeps err, the general euperintendent
el railway, premeds& to Leighton for the purpose of
lu/holies an lameligaree into the affair. The driver of
the rum train, Patron declared that when the pilot
eosins " unhooked," after leaving the train to crop over
the up-line and thus get out of his way, he was proceeding
at the rate of BO miles ea hear Or thereabouts ; but he im-
mediately sieeheesi .65_4 wed when 800 yards off front
the pllot mew, just lefts oho reached the crossing, he
shut et has stem wad applied his break, but could not stop
ill dile to prevent the collision, which he attributed to the
' piled seems bmb4 _deekened speed in an unusual and int-
ememer. Miths, however, was strongly denied on the
of driver and stoker of the pilot • engine ; and the
pelbeessa and workmen expressed their astonishment at
the vapid speed at which the passenger train followed the
last•Tm
loafs of the line was disorganised, both up
saill-theesghileitarmitly the entire day, and the down
liseheas torn up ter some distance, the passengers on
their arrivai at the scene of the collision were e mipelled to
slight from the trains in which they had been previously
seated, and take their place in others kept in waiting for
them on either side. Thus the delay in every instance was
considerable. It was not until a late hour in the afternoon
that the line was sufficiently cleared and placed in condi-
tion to allow the ordinary traffic to be resumed.

MR. MACAULAY.—Letter. are, we believe, in town,
from Mr. Macaulay, mentioning hie recovery from his recent
attack of bronchitis, and speaking hopefully or being able
to meet the electors et no distant day.—Seotlish Trete.
BROAD-STREET WARD.—ELECTIOE OF A COMMON
COrSClLMAN.—Yesterday a wardmlte of this ward was
held at the Ward Sehool-house, London-wall, for the pur-
pose ot electing • common councilman in the room of Mr.
It. W. Jupp, deceased; Alderman Sir Joho Musgrove in
the chair. The chairman observed that the present ward-
mote was specially called together for the purpose of elect-
ing a gentlemen to fill the vacancy in the common council,
caused by the lamented decease of Mr. Jupp, whose cha-
racter and services were appreciated by them all. He had
no doubt that the gentleman who would bo
esleeted by them would be one who would faith-
fully discharge his duties to the ward end to
the eitizens of London at large. Mr. Bannister then
proposed, and Mr. Batton seconded, the nomination of Mr.
rhomas Abraham, as a fit and proper pet o to fill the
ogles of common councilman. Mr. Abraham hating been
unanimously elected returned thanks, end promised that he
would, to the best of hie ability, discharge the responsible
duties confided to him. Mr. Hatridgc then n»—
motion expressing condolence with the rand'
which was carried unanimously. A tote
chairman terminated the proceedings.

then i)i-oPigiaa;
ielit:lairiuMkti: Jupp,
EXPtESS
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