The Express.
London, England, 1855-11-15 00:00:00

THE EXPRESS, THURSDAY EVENING, NOVEMBER 15, 1856.

!Me expreoo.

emoothlming system of leaving Make to right them
salves. its will thmefare commend to the earnest
attention of all parties interested in the Great Wes-
tern Railway the subjoined 'Wilke, which endorses
a oomplete period of ten years in tlr• history it 611
001111010 y :

LATEST

TO COIIIIIIPONTAINTIL
Meeederieste Winded be Gibe lememe' Webs aft yeyeb
met be at the 011•1. lbeseee. by Tem eWblediea the
M it pablessla.

RION Wallin', AT LONDON BRIDON.
Tao DaT—lfiembs, 446 la
--- -..... astir
Alierses%

LONDON. TRUBSD47; NOVILMBNI 16.

Lowo. loag ego Houtz mitortslan his patrols I:
Matcswas with satirloal remarks es the propsesity
of wee to he discontented with their owe walks ia
His sod ambition of distlamisa in these et isthses.
Had the good old ipiegresa lived is oar days he
night have bees tempted to add to his illustrating ,
of this weakens the mania which has mind our
statuses for miring to be knives to sonnies'
ingtitadoes, sad similar emsdadeas At this mo-
nist we have Lad Jour Rust= kerbs is this
equity ea the stetrepolitsa boards, sad Kr. GLAD.
erns starring it is the provisos. Bather more
than a yes: ago Lord Mums travelled through the
country with on lecture on Pors is his picket,
which he was as ready to repeat at a ntsessat's
tootles es any prodigy of a wheel-boy is to get sp
sal spout the on speech host linasersais which he
Drs got by heart. Does it Rinse occur to Uwe
amateur Lemon that their grads exhibitions in-
terim with the basest anisp ot the prohnosaist
Literary sad seised& inetkudese, is these days of
geososy, will sot pay a lecturer, when they cos get
a keen pais, with the adiainal attention d a
reel live lord. or rx-iiiinister, to deliver it. Ia sow-
men hinges. it they will weepy the field at the
peatestiosal lecturers. they ought to leave to thus
gestlemes that which they themsslvse have de-
serted. All Administrative Reformers would hail
the exelmage with pleasure, assured that the lee.
tarns weld administer at list quite es well as
etatessmn as the statuses lecture.
- -

1916 Donets
111411 JDsa.ber
11117 Jams
Deoseber
ISM at:Lia
lilt Jure
IMO me
liY
lel
IMO
SIM
INS AIM

OIIZAT WISTIIIN

no•s. Nik Jos% NA to ON Apt IND. NNW= ND NSW Dol dada
The broad muserical results deducible from this
labile are as hikers
moneseenzutserhairms
7111,0114116=6,,N1D WIN
wa %as!" r Ild=rtbry:
sarLims um 144
DrArbrt Nvldetronatbligairl, sod gad te~o. dear OL
maw KO la."
We have no hedtatioa in saying that present
decay and a ruinous raters are here equally he&
aged. Let the reader mark the gradual demesne
in the soma applicable to dividend on the ordinary
stock, is spite of the increase la the p-
ostal menus. For an =plowed= of this, which
has caused the dividend to dwindle down steadily
from 8 per cont. to a any doebtfid 2 per cent., let
hie °kern the frightfel imams is the aggregate
capital. Let him remember, too—for herein lies the
most threatening feature of all—that the additions to
capital haws bees made ditty in the shape Of semi-
ties carrying a preferential right to dividend over
the original stook. He will thus be enabled to comae-
bend at • glance how it is that the holder of the
son-guanuitsed stock fails to participate in point of
dividend is any advantage minim from the increase
of revenue. In fact, the interests of the proprietors
of the tedium" stook have been utterly moaned to the
shortsighted policy, persevered I. for years, of con-
stantly reakiag enormous additions to the preforms,
and mortgage debt of the company. The result is
that, oa the 30th June, 1866, the total preferential
debt of this company amounted to no km than
13,743,6101. " preference share capital,"
3,798,3421., and "mortgage debt," 9,947,1138LN
whilst the "ordinary share capital" dose not mead
8,238,2781. The mortgage debt alone now exceeds
by 1,716,9771. the wain wad of the undertaking
in 1846. It appears from Parlismeatary popes that,
of the whole sum raised foe railways in this king-
dom, up to the 31st December lust, the proportion
per cent. borne by each elms Of capital to the total
raked to as follows :
Ovenery Pssesine• itdebt.ertPls
17.26 2471
The position of the Great Western Company is
this Tempest is shown below:
O°rdinary Pretenses Merl
?
X 7.47 capital.
17.28 46.26
The masker oressming the vital, of this nailer-
taldng, sad adding hameassly to the inseeurity of its
politicos, is maallestly the disproportionately large
mortgage debt, the result of the extravagance,
mismanagement, and repack= propensities of
its administration. Remembering that the poarr
odical renewal of railway debentures depends
emmatially up= credit, and bearing in mind
the severs dieerstit into which the Greet
Western Company is sinking, we are judiAel in ap-
prehending that the =tiepin is swooshing s period
of sore trial. How bag will the shareholders nasals
paean spmeaters of the rapid &tonsured= of their
prepartyP Viewing the constast increase anted is
the espial, there is ironed for rave doubt as to
Iwhether the company is new la reality in a divides&
paying state. As regards the growth of batik, the
first element of railway seems, then is every reason
to feel madmen. Bat so bag as direetare pompom
these fatal powers of adding to an almost =limit=
=teat to espital, and abuse them es the Great
Western executive Endow, what hope can be =tor-
ten= of the Mare of railway property ?
We have 'elected this company on two or three
esemicas for the subject of oar renarks, simply be-
cause it nixie a meleseholy illustration of the diem-
tress level to whisk an undertaking, doh in elements
of preeperity, era be missed by prodigality sad distal
abases. We have no wish to attack the Ore=
Western Railway Company in pertioakr, but to
make the terrible position in which it stands auxiliary
to our arguments in favour of railway reform.
Looking at the fruitful muses of this mischief—
manes still is too active operation—we declare oar
envied= that, sakes railed reformatory sesesans
and a teal cheap of system he speedily adopted, •
very short period will whams the Great Wester'
a san-divideadlaybeg railway universally dime-
dited, aad neon= in *fleaseial embarrassments of
the gravest kind. Ones more we entreat the pro-
prietors to step forward, and endeavour to
avert se great a scandal, the prejudicial effects of
which would probably extend, in a greater or lose
&pee, to nearly every railway in the king-
dom. Clam more we warn the shareholders that
their only shame of misty UN in aa organised oppo-
sition to the system hitherto pursued, in the instant
removal of the of lcials under whose =spies; the
existing dam:hiss have seine, sad in the inane-
amat of a searetting sunny. Who, we mire will
haw the credit of being the drat to inaugisits $
imesuest for the appoistmest of a illtersheiime
Ocamittee of Investigation into the affairs of the
Great Western Railway P

-----
Asd yet it may be that this lestariag of ex-
Ministers nay sot be altogether without as op to
loasiesme. Cariously enough, Kr. GLOOM' has
oilseed the moment whoa the Colosial-ollee is
vaceat to astoakh the satires with a display of hie
prokaad and =Waive kaowledgo of the theory mad
motile of colonisation. Aad it ousel ha dolled
that Lord Joss, by oolketiag weals of ',planes is
$ member of select ensembles—eaeh as gathered

rowed ths hospitable board of the Clerks sid Wan-
lieseserse, and in the deserves presiaab ef Easter
Hall—way is time aceassalate an eggregaie of
favourable receptions sufficient to outweigh the dis-
approbation of Guildhall.
We are quite premed to fled that by these remarks
vs have exposed ourselves to a storm of °Watseka
sad resesestranoes. We shall to kid that it is a

Nov. S.

EXPRESS FROM PARIS.

(rams ova
PARIS, WaintisnLy Eva:lngo.
Some pimple infer, from the return to Franca of a
very large force et the Imperial Guard, that the Go-
vernment inclines to attach little importance to the
driving the Russians out of the Crimea ; but I believe
this to be quite a mistake. The arguments put forth
by "Y," of the itedipendases Bags, and others who
write in the same strain, are merely meant, so far ea
they emanate from Government, to console the public
for the probable fast that the Russians will not be
forced to evacuate this winter. The Emperor long
ago announced, through Marshal Peliuder, that he
would relieve the regiments that have been serving
throughout the siege, and fresh troops are now being
embarked continually.
The Megedor, steam-frigate, sailed on the 12th
from Toulon for the Crimea with troops sad stores
on board. The same day the Phidgdton, steam-
corvette, left Marseilles with soldiers for Algiers, at
which port she is to take on board for Hansieseh 200
&saves and 250 Chessman d'Afrique. She is after-
wards to proceed to Kinburn with a large quantity
of camp equipage and stores for the French garrison
at that place.
The &Ws mutes its readers that the condition of
the Danubian Principalities has at length attracted
the attention of the Western Powers, who are
decided on bringing that vexations question to an
immediate solution. This, according to the Sink
has been rendered imperative by the attitude assumed
by Austria in these fertile bat unfortunate province%
Some confirmation of the order of ideas advanced by
this journal is to be found in the Soiree Gassils,
which says that, in ease the Allies should decide to
open a campaign on the Danube in the spring,
Austria will give up a certain number of military
positions in the Principalities to French troops. It,
however, states, as the result of negotiations which
it assumes to have taken place on the subject, that
in all other respects Austria will " continue" te occupy
the Principalities in concert with Turkey.
At the Bourse business was paralysed by a further
fall of lin Consols. It was confidently reported that
a loan of sixteen millions sterling was projected in
Leaden, and that a bill on the subject would be pre-
meted to parliament at the opening of the next ses-
sion. The Rents fell 10% closing at 64f. 80c., with a
stagnant market. The numerous calls on railways
that have bees made within them few days excited
some uneasiness. It wa■ announced that the Grand
Central has made a call of 100 f. for next mouth. Oa
the other hand holders of Eastern and Austrian shares
were glad to learn that the Credit Mobilier Society
bad undertaken to pay the call of 75fr. on those two
lines for a commission of 5 per cent. The new LOU-
don Omnibus Company was a good deal talked of It
is expected that the shares will come out hare soon.
Credit Mobilier fell lfr. 250.; and French railways
from 2fr. 50% to ilfr. In Austrian railways no vari-
ation.

carping spirit that does sot regegsbe with
petits& the restesseee gives to the week of
knowledge by arrest public mos who oesdreessd
to take epos them the ones of the lestentr. To this
we reply, is the tint pima, that near( after a lord
or as ex Meister. to hear what he he is may as se
amateur lecturer, is not permit of knowledge la the
trr acceptation of the plume ; sad in the mord
pine, that then is so moderation is the am Mee.
The Indira, attracted by these dietiogrehed ems.
teen do sot estimate the Wotan segordiag to its nal
writs, but asseeding to the assist pinkies el the
lecturer. They applaud the veriest easterseplase he-
rrn it fells from the mouth of or who eempin a
high earl pukka. And as to the soudereesies,
the penes who ass impart real. variable knowledge
is a lend sad attractive smears ie, is his ewe way,
as sushi sad se worthy of bosom as ea able ear.
reinter is big. We de set think that say steles-
man, however dietieguished, derogates from him high
Paden by sedertekiag the ones ofht tarn ; sad we
mortar that hie pnleetioes oug te be judged by
the lame Mamba es them of the humblest prefer
gird bonny. Unless this be dose, thole who sea
after lesturiag lards end exafiebter an only
premeds, another phase of Bain& peenge-idelatr7,
sot melds( eisserety for haewledge and truth.

I ma enabled to transmit you the following as the
exact sense, and as near us I can remember, the exact
words of a declaration made by Espartero a few days
ago to a political personage now in Paris, who had
I asked the Duke whether than was any truth in the
rumours of a projected &ilium@ between Spain, and
Francs sad England :
These is wit at preeeat say alliance. Bat Sputa is a
Wm amiss, sod if the war goes ea she will aertaialy take
part la it widnetely is the side of Frisbee sad Espied.
I iodise I. t►isk that the war will beanie rowel is the
epilog. Should ousts impel Spain to draw the sword is
tile quad, you way be soared that the !maser of her
&dog es will be suds es to wads the old Camellia& glory,
sod that she will set *swept • ship, $ miaow a trews piece,
iron say peva la the weld.

MALTA, Nov. 9.
NM lip lest advicft, our port his been the seen.
el; Mimeses activity. Every menses% reinfereemests for
the Eft, eft silk sad weeaded from there, are 'nifty
sal Ilepartift. This week shoat 3,000 fresh troops dere
pissed see ideal fee the seat if way, end about 600 for
Primes sad Iftlead heft united here ea eft leave.
Theft are repine, derived fees she Bleck See fleet, that the
bony ships see semis( dews here to wister. Of this we
haw aftdag sates I bat it seems highly prebeb:s
remembering hew mere the winter is is the sodas. Mt;
Hibernia, 104, has ism arrived byre, sad *tend Sir
Hostage Stashed Ms shifted his flag on beard her from the
remade sad dwryiteasured Myles, fees ea beard which
ship the einem are transferred, with the =option of
Captain Hen. We have had his. messily very msay eases
of mast aseiftsereble *astir sheers. The Gemmel is
scammend, teens preiseweethy meths, hes haft sa order
that so military mask shoed meempsay say of the
famish. The reset of this measure, however pre-
deftly meshed, has been precisely opposite to
what was leaded ; sad the people, lamed of
heft peeled, heft takes slum, fee they have
argued that the slime Wheaten a wish to missed the taus
of the dimes. There is, so doubt, MOT* this the usual
anamst of moitelity is the tows, bat the sunsets is pria-
Mealy made up hem messily anived recruits. People ere
all Melds. forward Is the epees( of the gormand
...soil. The weather ftr the het few days he bees • little
miss. Prises ha the asrket high.

REIIOI7I is bogy with the dineeditable disesearies
alleged to have been made by the Committee of In.
vestigatios of the Eastern Comities Railway Com-
pany. The interests of the shareholder, it is cur-
gently stated, ham been gamily mortised Is the
erases of official jobbery and extraveganse which
has dilemma railway management almost frees he
birth. We have so wish to prejedp a dreamt of
this bled, sr to give the *lighten parameters bias to
the minds of those most interested is its contemn;
bet the reports that the investigation proves very
ealmeerable and monitory have acquired salleiest
mbetanes to authorial' us not only to revert to think
bet to urge anew rail •ray preprintse as a elms to
inquire mom deeply than hitherto unto the state
et their affairs. Before railways ma begone gab-
steads' sad improving property, there must evidestly
be more coalmines* of isentigatioe, sad a final on- Recatniten 111 HALIFAX, N.8.-Private letters
canoe, sot only of fraudulent divides& at the ex- hen Haifa: of the 2/th att. state that a atop has bean put
the these
peas of avail, but of the jobs or all sorts with foe
to ese pr th. ionise legit*. as it had bees
foetid "tl:atiglitine sinned altogether had bees at a very
white railway adeninistratios still tams. Item eist....ise Miireglatsf, of about 30i. Merlin per
We Aiall he glad if the Eastern Counties Commit- iiNfilikg SO pines. in Vienna of Count COPO- illiaTirig Aawy,Tha Bombay Time says :-
tee be fined to have discharged their respoegible able 91.19101014941110 of the Angriest may is the " Tee seesseres have Jut bra promulgates! 'native of
duty la a bold spirit worthy of the emergency; for of a Passipalitige, the wiser of a letter is she Dm• oust eyssessas smarm the big military circlet. It
verity railwey shareholders seem to stand is seed of of Wig beyond the rash of liestemet.eolosel Iteseirst ef Nstrawberr am: uHe has has sm. his innehiststitted that oaken is shit employment shall
tome dismiss to movement to the path of reform. mesa here is ardor to give his opinion cc the blailars•las, have waited um, Tw, Of semi rem sta
7111111112/12 et amnia eveatualitiss in the spring, some, le thug 04,407. men 0 these gesthaapa have bean
In particular we cannot refrain frost expeesdng our
'llllll6 alum as and Man Probable. Although minted for civil employment is the early . part of their
astonishment at the apathy maniSeeted by the pro- the abbet et lime bee approved in priaciple of weer, and la eessMrero a stirs!. L ,1_1!all
older,
printery of the Great Western Railway Company. the Mospidlelegjeatail by the Aline on the Donets, Mall=bl=l.:: mow tans ; arm.es;Nre r„..thase
The affairs of this undortakhig appear to be progross• it thinks it neeningto aka swum on its own
other head dm bow saga a mask boor sent of wad
jag heat bad to worse ; and it believes the shore- part;. sea. tra„„„durleuer hand,
~ Lb* leurelleleg _seta. mussy esperiasso thus arm ininteerdess duty, whatever
UM at the WOUNIMIIII Bepm@ against tr 1604 kg. The Conn of Direness. baring been refereed
holden. if they do not wish shortly tsees the ens. thirbey, who is favonsable t Austrimiatergets, ex, to, the order. WIWI peuests atojer-reanob
posy preetienly insolmat, to rouse themselves to cites ihmeistede ea thst reak heat beidiag brigade ootanands, thus
myeloid adios. To show the disrepute into which Ebt Court. shelties a ponies of the slab"' of the army at the
priod et paw whoa they hoped far the beet cf. the
this comers, with its vest espitsi of nearly twenty.
_,_ pad thins within their remit before their retirement."
~_
" The Count do Clateshordi" mays the alma' ag WWI Or TES SHIP JAKET.-OXAND CAYMAN,
SW, ogling sterling, is sinking, we may mouths that 1111(DSOlt, Nov. 14.
Prams "who hat this newt with his males the sarr. 6.-The Jesse% Lerasta, frets Cabs to Clanaesows,
the PrebehilitY ei a total ell•Peualtle of dividends en The dieser party yesterday ineleded the Duchess 'et
and Ban. se 3,.64 is gityr* la w roma is a withmammy, km bon necked ea one. the Jardiallis
the Great Western ordinary stook a now hennaing of Heat, Lady Animas Brass.lionesse de firth, Colossi few do.. to /4.g 11
b,
.. where willp the 'ruby... One, Cobs ; mewl the mina patios of We sup
a goesees ;spit of mieversation. As a natural sin- theEsn. C. H. MPS's. 81, Owego Comm. fiat asisiliss Tareagiu, du ybasyssis ansessess that the "1,16". Dal"' oof •
of AT SIA.-QUIZSISTOWX,
awlawaat mad kavairialf **kat"' of nisi"s lairds 5t_16647,13”1"111r„, 2,„,"lll°likasks", (~...1,14d„,„7„,E1114,Ta5er.,,,.... Edina neat is neat to isinesee •• padess siker, wee. Is The Jessaslas of ,Biyth, Thinness, from Spa
the carepsay experience@ notorious di
its is '''' - the —— -- '-'" during Wn, nen d sairsP Mani the Perna ed sovereign se thie
is nth Win ears, stay • leek sod fonadrrod
Her Meiesty's pivots head afterwards performed fa the • Nev. 2S, ia in* N. hum 14 W., tad the new were takes
eigestieg a renewal el oath portions of its heavy emu, ender the law of eldrstabes.
by the Holies Desseng, errind ben.
Maingar. debt as Ilea Lima to time fall dm. The prism Albert vest eat Montag this nevalag. A later from Vial* err :..." General "hold Ibis, oRWItECI 01 TEX RAMS MEG OF MILDON B
.-- y
reports wrest with reference to the positive flasmial alt Madam and lady Smarm hme Innis Castle. ant 4"14114a to the eloh if Pen* is sheet to mare to the arrleal roF the Avis Q.) at 8,00101.0". we learn of
eintenmeneets of its administration are all mare- Tehims. after a lase say hero es matters of demsetie the total Isis, OS the 10n Sept. of the benne Hex of
kited. The Gems Wows goss.ssid.obif per Gnat. • germanea llama the Naked Beak e( /num. ess. fans& His pear.. Mk, a Vilma; Winn hlnk to his name, Mon, el loath Shields, while Wog voyage Inn
ta Medan spa on et Insailed Raids
Proforma Stook boa fallen below 90, gad the maim if Nr. IV Newton, Caked Oliphant, Mr. June dlawt "7. _ _ _ _ _ I ahem ire mliesaerthef the Liam of Bate. Crew
, Hanby. Mr. Reused Resold, sad Mr. P. B. Heashaw, The Comoro Morwelliao. a the 8% Mys t-° Dr. „wed,
listifiLligis art. .
_."Thiti, saied _,_
_is the „ mitille_ hed ea *atomism with the Mamas, of the Niehemer P. Neal, heftier st no Uniressity of andelberg. 'mega- Tali MOM= OP • lionasox.-3001. reward bag
a mammal samment to woman IM Man that that reendsy at ids *add "dike" is, Dow,log amt swan to the Ilsaialsey of IS. Paul, to theiadda, a MO. bees 'Shred ter the apprebemioa of the narderen it Mr.
alaarioY here little chance of °Webbing =aerial Desawne fringes Omessemi of the Wen ladle "donee of the eider My, staining anvil:the wine of the Dena* Wallas who w" " "Re isve sa
bit" diat:oo*" etr:ji
response to the notification reeratly pot Inward we remind yesterday at the Celssiel-.dies part et the Natural Ussery, lib. 11 to 14." barssery, a ferudgbt age. goras
Wiring 6 per mot. for bans. The Direatora are The Fria* rworalaist 18 mid to have "WOW &Mat PAORIZT Gina ix Bomer.-Among
rime 569 'bat the puniest's' et the reply to the the pmeenee by the ship bar of Mann, whin' arrived at
altuglibese bosigs7ell.l4.4 a eirisual"rdindiagsmag tl)
flirting.
to amtniiii."l4the „istr:
iiilat C°llast Anisbentall or.°Bldia weseire.ids° ka es ° visit t° the Mu" i;leimeetinetki - semerashm. is set essinaperesem with nib gen ea W4asel, free Unmet, were about slaty
the aWI el the Kiwi if sadism to red.. The @dm aootell fillo• 'Mona to walk te_.__„tha r_, jee here. They
isinsitiate thine epos then. What, we ash, will Lad pussy" has with great liberality (gays the std siod,,,,,Ambabbi, at Twia ossme Lye.. sumo were men, waft dtootm. ii.. "Me a thila in
Tfiel were forwarded to Hetyeke.
be the state of this company &geld th. =wag aims. Ds* Haft) gina mummies peemissim ler hal- 'Mint My Xing Wiser lisameasl .111 pass. - att:lC:et bin eralep, no the Baton sad
pressers in the mossy market benne men 'Mese% log berm Ila Ids 414811116 M. Clangs, tbe Spasish Minion at Paris, has Wernewr reilmed.--Dislos litnalier.
er ems be prolosged? We Viefirins) are pleased to be able to OSMIUM awed by sedisassy s• surges m Ma. miry mid, Omni Pezeow..l4lpias DAT. Nov. 14.-
se dlno by slam gam,
In them matters there is man, like a dew phi' 5h",,L.Mr......"1"1.'11'1."..d."81:—"111.1..e"ry-.ll"glablY. am's" bum° sad N. Liva3B' Mai" if P4l°ll° ansleitd.l67lll.B.oasnLe. al Jag day to IA
fig tie whisk are pissed beyond the Foie of onnten. ..m. -1,---- Gevirsampet . get .......... a plot to awn. she appends' le appoebssied so a sleben omen.
Mimi PeLees.-11.atera el eihoheieme toe six
afidon, and humidly . se the um elf the meg Nissan if Asturias, and to issomusee ease to the angry, apeolaily as it is Sodwilsed that IL &is mobs pg.wingor ta.....gamase agedgek 'Nowlin
a reuses
ebalistay
pitsaissi esrry
in
iimeer
et
thends hiskeir2spier
urtissadoessese.sssee gess aimed without es mien of lesseare, Minns: at lisbus, will nos taiga, and eat with .eissies - *Mt Wks% Ma. Await gnaw& me adl:
N. Olsen . islalma, MU Ifs ed.

8.211.114
IANATT
9.40.n0
WSW°
AMMO
P21118.F4/
11.141.124