The Express.
London, England, 1852-09-01 00:00:00

THE EXPRESS, WEDNESDAY

" Tho cumber of voters, in respect of property, obtained
through this sosioty, is increasing; and must continue an-
,
Dually to inemose. In addition to the fifty-two members .•
who have had the opportunity of voting at the late West
Surrey election, there are, this year, Asoed on the list of
voters, and unobjected to, fourteen of our members for the
' Kent town property, and eleven for the Holmdel' estate.
The committee feel that the fullest information should be
rendered to the society, and have therefore, in addition to
the balance-sheet, now in the hands of the memben,
thought it desirable to pretest the abstracts of accounts
between the vendors and the ellottees of the estates :"
The oseneoittet think it unnecessary to say much en the
political results obtained by the society; the recent elec-
tions hams meek patent to the whole world the important
part freehold land societies are destined to p!ay in the future
parlissamatory history of the kingdom. At this time, when
it is the general impression that • large extension of the
esestitetional right of participating in the return of mem-
ben te the House of Commons will not be long delayed, it
would seam to to deservedly • subject of holiest pride, that
while Mims may obtain the privilege of the franchise by
tbe tardy concession of an unwilling legislature, the mem-
ben of the freehold Pula societies have achieved ensiled,
sem by their own united efforts, that position to which
their intelligenee, their unremitting industry, their fore-
thought and self denial, show their incontrovertible title ;
and all men, of whatever shade of political opinion, cannot
but yield to the eenviction, that the best interests of the
country are concerned i 0 developing the freehold land move-
ment. _ .

Mr. SIIIRLIT moved, sad Mr. MfTCAT seconded the
adoption of the report.
After questions had be n put with regard to *event items
of I apense, and an'wcre had been given, which were apps.
rently satisfactory to the meeting, the motion was agreed to.
In reply to the question how many allotments had been
made,
Thc Reenter tax stated that there had been 212 for East
Monhey, 116 for Reigate, and 21 for Long Dittm ; in all
449.

The Reading and Kilburn estates, it was observed, tad
not b.-en allotted, and it was expected that the former
would make 177 allotment.. _ _

?dr. %Yams propnad a resolution to the effect that mem-
bers miring sham to sell, and parties who wished to bey
shares should have their names entered in a book to belt, pt
et
the office for that purpose, and to be open for the in-
erection of members, complaining that as the matter stood,
wltl it nt Litanies were not given for sale and purchase
without the agency of the secretary.
The resolution having been seconded by /dr. ALDEXTON,
• long discussion ensued, in the course of which the secre-
tary stated that there were then two boards at the ofliee,
put at his own suggestion and expense, fur the very pur-
pose contemplated by the resolution ; and, as regarded his
own intervention, his sole object in it had always been to
en iblo members who wanted to dispose of their shares to
I obtain the best price. (Cheers.)
The resolution was ultimately carried; and a vote of
thanks to the chairman terminated the proceeding,.

RAILWAY MEETINGS.
_
SOUTH YORKSHIRE RAILWAY AND RIVER

DUN COMPANY.

CIIAROE OF REPUDIATION AGAINST THE
GREAT NORTHERN.

The ordinary haltycarly meeting of this company
was held at MeCutler,' Ftall, hheflield, on Tuesday, Lord
WHARNCLIFFI In the chair.

After the usual preliminaries the Stearvant reed the
report as follows:
•'
The mineral traffic during the past half-year has
amounted to 193,766 tons of 20 cwt., which, with the ton-
nage carried during the preceding six months in excess of
the quantity fixing the rate of dividend for that period,
raises the total quantity to 213,586 tons, giving a dividend
under the working agreement with the Great Northern
Company, at the rate of 4 per cent. per annum, and
leaving 13,586 tons to be carried over to the credit of
the present half-year. The joint application by the two
companies to parliament, during the last session, fur an
act to enable this company to sell or lease their undertaking
to the Great Northern Company was successful. It was
the intention of your directors immediately to have availed
themselves of the powers of this act, and with this view,
your solicitors were instructed to prepare a deed of convey.
ante of your undertaking to the Great Northern Company;
and, u the shareholders are aware, a special general meet-
ing was summoned for the purpose of sanctioning and affix-
ing the seal to that document. A difference, however,
arising between your directors and the directors of the
Great Northern Company, as to that company voting in
respect of their South Yorkshire stock on the appointment
of trustees, and on any alteration of the terms of the agree-
meet, it was deemed advisable to stay (nether proceedings
until this difference had been adjusted, which your directors
had full confidence in being able speedily and amicably to
effect. In the meantime, the period having arrived when,
under the existing working agreement between the two
companies, ft was necessary that the dividend for the past
half-year shou!cl be ascertained and fined, your directors
followed the course prescribed in that agreement
by appointing a deputation to meet • deputation
from the Great Northern Company for that purpose. The
deputations met, but, unfortunately, failed to agree ; the
Great Northern deputation:contending that the coal carried
should be calculated at 21 cwt., your deputation, on the
contrary, claiming to reckon 20 cut. to the ton. Under
these circumstances your deputation, in secordance with
the provisions of the fifth clause of the agreement, made an
erode* report. After some correspondence between the
two boards a conference was suggested by your board and
agreed to by the Great Northern directors. Deputations
from the two boards met on the 23rd instant, at Doncaster,
and it is with much regret that your directors have to re-
port Lot the Great Northern deputation intimated a desire
ea the part el the Great Northern board to recede from the
easteast entered into with this company, A resolution
jestiod by the Great Northern board on the 25th instant,
and trammiteed to your directors, remorse all doubt upon
this past. It is se follou a :
ORZAT NORTHERN RAILWAY.— Extract from the
minutes of the proceedings of the dimmers et a beard, held
on Tuesday, the 26th August, 1862. Resolved,—That after
• careful consideration of the several provisions of the act,
15 and 16 Victoria, cap. 163-30th June, 1852, permitting
the amalgamation of the South Yorkshire Railway and
River Dan Company with the Great Northern Rano',
Company, this board docs not feel justified in advising the
Great Northern proprietors to manias an agreement for
amalgamating the two companies upon the terms of the
weeniest of the 26th February, 1862, alluded to la that
act t and that • copy of this resolution be forwarded to the
South Yorkshire Railway.—ffligued)—J. R. 24owarr,
deereessy.—J. C. Handlield, Esq., Secretary, South York-
shire Railway ."
In this peados of • ems was submitted by your
Cession to I. It. Lamm D.C.L., who bed taloa no
=ashes the on ehislaing the aft ef par-
The spiels■ la reply use on Mews :
" Qualm es the igamemet mile& in the act
eft ghee the the teem agreed is, the parties
:letase sad inery power, • mart ef amity as
am 'ahem
the legal iimivistisa of the agreement the lastesse of
either perty ?'
Oplaint. I am of *Wen that the instrument af Ile
Fehmary, 1862, sad diesel of pailemeed NO a shish I
ham Peed) hem Spam a mild and Wales distrait
hennas** We impales shish the set of pellemeat
gives the end** cartitialmigkeed entlisig to tarry
In.. east AR the Moms fif the egremene WISE
sedlibeedy Yaks and molls swept ens bni tai sae
le sepal.. of h6r seals melds It is the mode of
tressfer ; L ti teheiber Saban he by • Mese fee 1.011 paw,
or an ekwleb sea.. speso. _ The metes* le whim 4a
transfer by MS OR OOP abode. URN feet, lima desire
• lease, eel the ether insist upea ea te convey-
pace, the Cseet of Chancery might Woe to Interfere ; but
if seeping is wain as gnat :7 (as the case may
be) delbee;eni elk es de so, tiled may require the
ofFwei• Mr 88 sisal bY latish the transfer shall be
made • seed *Mk that • semi of equity would enforce
this election, end the legal sempleilis af the contract ac-
cordingly. The at recegehas the ememment of February,
1862, sad gives the missmary Immo for meryieg It into
effect. It else autherime the milks* any Into onset a
Isms or sale apes any other Moms If they shall mutually
agree to substitute • new egmemest for that of February,
1862. But unless there is a maid agreement to abandon
or vary that agreement, I an of maim that it may be en-
forced at the instance of either pasty In the way I have
mentioned.—cBigned)—J. S. Immo'', 11, Now-square,
Lissolierinn. '

Tour directors are not prepared to say, having had but •
short time for deliberation, wl at may be the beet mune le
pursue under thee, circumstances. But they INS NUNS
the proprietors that the matter shall receive their meet
anxious attention. The works have been carried Ni
steadily, and are fast approaching completioe.
The C11•11111A)1 moved that the report should he wesioli
and adopted. He had on former occasions steed Y dot
position, to maintain what he thought a just view of des
contract into which they had entered with the Great
Northern Railway Caspaay. There had Seen these pro-
mpt, and were now present, who took • different view of
the matter;aad who had Dieted strong objections to the
elusion of that sgrermest, bet the proprietors supported
the directors in their recomuseadatiee that the agreement'
should he confirmed, and they had certainly thought they
were approaching a period when this company weielitener
far its interest to that company with which it bad been
amalgamated. They had made • joint application es par-
li.unent fur power to conclude that agreement, and they
thought the time was approaching when it would he car-
ried into effect. They had, however, been disappeisited.
What might be the precise reasons which had indueeced the
directors of the Great Northern Company in offering the
objection which was embodied in their !resolution he could
nut pretend to say. Ile (the chairman) still retained the
same opinion that be had eapremed on • former occasion—
naraelr, that that agreement would be advantageous to that
company, and he was still convinced that it would be for
the interest of the company that the agreement should be
confirmed. He thought they had apparently, upon the face
of the facts es they stood now, an undoubted claim to the
cordial co-operation of the great Northern Company in
carrying out the agreement that had been made. What
course the directors of this company ought to take in pur-
suance of that view they bad not yet been able to deter-
mine; but he trusted that the shareholders would not upon
this occasion interfere further than to sanction what had
already taken place.
Mr. C. Thomsen( Deconde,f the motion.
Mr. lIIONSIDI, of Sheffield, said he should not move any
substantive resolution, but for one he was exceedingly
glad to hear this strange news. Whatever the directors
he hoped they would not go to law with the Crest
Northern to compel them to complete the agreement. The

South Yorkshire wu a good railway per se, sad tb,ir bast
own, was to let the Great Northers &lose.

Mr. Ilsuriai.u, M.P., thought the report should not
pen without some further eaplanatioa. It was upon Mr.
Denison's evidence, still fresh in his (Mr. H adfield'e) memory,
that which the Great Northern sought to repudiate,
was obtained, and obtained, too, in • very imperfect form.
He (Mr. Hadfield) did his hest to stop the misfortune, but
did not succeed. Ile law from his first glance at the bill
that the South Yorkshire proprietors were in the mouth of
the lion ; that it was an ill-onnsidered hill, and as such he
complained of it at the meeting in the strongest terms. He
had no expectation that the Great Northern ware to have
the option of rcpu Bating the bargain, lie (Ms. Hadfield)
brought them a customer, • year ago, with terms which he
then declared and still thought were 100,0001. more vale-
able to thin company than those offered by the Great Nor-
thern. The noble chairman entertained a different opinion
—a very honourable and honest one, he was sure. One
thing he could bear testimony to—namely, that his lordship
stood much in his own light, so far as regarded his own in-
terests, in rejecting three customers to accept one. When
th- pruprieton concurred with his lordship's view, and de-
rided to lease the line to the Great Northern, he (Mr. Had-
field) gave in. But what had been done since ? Wu it a
fact that railway companies were differently conetitisted u
to honourable dealings from all other bodies (Cheers.)
Was it a fact that • railway company, in the language of
Mr. Burke, was like all other corporations, without soul,
without honour, and without conscience ? (Cheers.)
The agreement of the 26th of February was as strong as
the English language could make it, that both compa-
nies covenanted fur themselves and their successors,
the South Yorkshire to grant and the Great
Northern to accept a conveyance on lease of the
whole of the present undertaking of the South Yorkshire.
Whether or not the situation of this company is better or
worse, is now the question. Ile woo positive that they
could have got better terms than those which the Great
Northern chose t s give ; whether this company could get
these terms now, was quite another question. The party
who offered them, finding himself the only customer, might
offer new terms ; so that great injustice and wrong had
been done to this company by this affair. lie saw gentle-
men of the press present, and he begged that it might go
out to the public that • contrast under the seal of tha Great
Northern Railway Company was me, in the opinion of its
own directors, binding, nor worth the parchment it was
written upon. (Loud cheers.) 1 hus it was that millions
of property derived from the hard earnings of the saving
part of the community were abused by railway. companies.
(Applause.) The revulsion in his own mind was so
prodigiously great, that he could not express his feel-
ings as to the loree that was employed to compel him (Mr.
Hadfield) into those terms, and to deprive him of • better
bargain. And then to tura round and tell him that though
they (the Great Northern) did agree, the moment that parlia-
mentary power was grouted, that they would take this line,
yet that they now thought proper to disregard that con-
tract. Regardless of whether this property might be re-
duced 80 or 100 per cent., they would not approve the
contract they had entered into under the seal of their com-
pany. (Great cheering.)
Mr. CHAS. WILKINSON (Hull) expressed a hope that in
future the reports would be circulated prior to the meeting.
lied that been done in this instance other gentlemen might
have attended the meeting to offer suggestions. The
affair looked particularly suspicious. -Having been
• shareholder of the Great Northern, and being dis-
gusted with many things connected with it, he begged
to say that there were many matters connected with
this agreement that were so suspicious that he trusted
the board would be careful not to involve this com-
pany in any law suit ; for the position of the South
Yorkshire was an enviable and a happy one. An
agreement might be made more advantageous to this corn-
pny, and perhaps—at least he hoped so—with men more
honourable, than that which had been already attempted.
• (Cheers.)
The resolution was then carried stem. rms.

Two resolutions were then adopted in like manner, de-
claring a dividend of 4 per cent. fur the hallyear on the
guaranteed stock, and the same on the ordinary stock, him
meow tax.

The CHAIRMAN said he eould Ammo the proprietary that
that dividend was fully justified by the position of the com-
pany. It ass no fictitious dividend from capital, but
honestly justifiable from profits.
The proceedings terminated with a vote of thanks to the
chairman.

COLCHESTER, STOUR VALLEY, SUDBURY,
AND JIALSTRAD RAILWAY.

The half-yearly general meeting of this company
was held yesterday, at the offices, Church-street, Colchester.
Mr. J. L. Ewix, the chairman of the board, presided.
The usual preliminaries haying been gone through.
Mr. PRILIIILICIC, the secretory, read the report. It stated
that it would be in the recollection of the shareholders that
in the month of May last they had been convened by indivi-
' dual notice to consider a bill then pending in parliament,
promoted by the Eastern Union Railway Company, for
making certain arrangements with their creditors, by which
bill, as then submitted, the rights and interests of the Col-
chester and Stour Valley Company, in connexion with the
Eastern Union Railway Company, were to be fullr declared
and finally established. To that bill the proprietors had
given an unanimous unction; and the directors had now
the pleasure of reporting that it had become law in July
last. The particulars of the arrangement entered into by
that act were as follows:—The East Union Railway Com-
pany were to pay to this company a fixed rent of 9,5001. a
year by two half-yearly payments, on January 1 and July 1,
respectively, the first payment to be made on the let of Ja-
nuary, 1853. That fixed rent was to be In lieu of all flue-
tasting rents that might have been paable under the agree-
ment of November, 1848 And in discharge of all arrears al
rent that were due on the let of July last. The payment
was to rank next in Grier of priority after the stock autho-
rised to be enema by that set for the payment of certain
creditors of the Eastern Union Railway Company ; in all
other respects the agreement between the companies of No- ,
vember, 1848, stood confirmed. The lease and counterpart I
were to be executed forthwith, and the directors were
informed that the draft of such document was now under
pommel. It would, however, be no doubt satisfactory to
tits proprietors to know that the act had been so framed
that the payment of the rent was not dependent on the
eseentios of the knee. The directors therefore looked
I. Mire to the regular pa mem of the halt•yearly rent,
sod eusgratulated the char holdesa upon the pros-
pest ef a dividend seat half-year. In the mean-
time the direness wend most themselves to the utmost to
ffilljun every eelelendlog tiein ea the sempany, in order to
the (Wag et dm smith mesmit, and with that view a
resent eel el lb. pow dime bed bma NMI*. Ms nes•
ties den habitue Omaha Ara where the lath were
is mar soma asmomily ma elm mar "Mil math
diewilie. It had Niggly waft manes& tie allathin
of the bead, bet at pane the emse was eat eseddired
rips tar &dike. Devise the half-year thin bad
been mitred is tamest of sneers od tells
2,3621. 10•., bet then still remised due Nowa the
eight rails whisk lad Irma time te tins base aide
the sum et 10,8811. 19s. ad. The report othileilet
by stating that the diseases, were taking neswares to
provers the mamas of saws borrowed ivy the esspeny at
a lower vale et Wens& *ea bed up le this time Men paid,
sad day &psi allS *opals. Mats el the maw market
wield mat& Ohm ei that se dashable awe
anitheanasat.
TM myna assowat, 'Mild h seteb.theed,theisol ad
Iditissel wrier that head d wWI Is the
mast et b. 7d ; ponds= b. lid.;
I wad; V is. Total dheusesonals ip te the mesa
timeslll b. IL ; balsa% 11,1113 t. 198.1 L
1 The ripen, eller • brief senveradoe, was agreed to, sad
the meeting isessatiL
MANCHESTER AND SOUTHPORT RAILWAY.

The ary I*f-rely Rutin of the prep-looter,
of this Sae weeled yearnft se Neasharner ; Wu. NA'.
sass; Ira, on of the sat, is the Nair. The pro.
Nellie. se awe, wen ea merely Wed ramose.
The evert e the Moisten stated that ihe expediters
ter the post lettiese embraced sundry payments is land
maul, ml mike mutest to the sentreeter is respect of
W essessed pukes of Wrellwity. le the swath of
Newport", lost a rale aid wee plea by the Court
of Neese% Dar* is the et Nr.
es swear of WI et at saw eiZz spa this
employ Se show serne why a arn
te swaps( the ihnernisa of Id kre rarbesse wad lbelpert
Railway, es kW settbes besaaashmeled. Cusagrestly
to
with this roselike, liesSess ernsidered it ernieble
apply top odium* br Ibil
prier to abarka then welts,
awl • wee seemitted to yeilensat. Ist eserwerds
withdraws, sod the wit of aseessee las bees Wet •
farther weahrees bee eke beta Wed, et the Wales ef
alibis swans eflead lhatvr the
Yoe whisk b Warns &boa emil Uses:
thus eircembesek the mamba the die
nests hos bees give; in the Int Wow,
to She haws sad awl eseasaissi nee desastreelleg the
Ike Warns Mks sai ta.sed aspilikinslave
bees epos* moire soar willlhesswirel mask,
essepiers, base et mtieV "tket &Mu From
Wausau Unsay eblek4 ft is setinelled Net this see-
kss et the line may be esaskustai et • sumast sueedlog
IdkNaL T. west that, ea* ray teatime outlay that
any be imposed, then wee a beam to the welt of the
anspany on capital account on the 30th Ineelss•—sassely,
70,3201. 139. 4d., and such further anteesees as arise
from calls and the exercise at the peeper time
of loan powers. It is reossweed Set the in
which has wanted apes the ark Was,
in the hands of the Lancashire se Teekshbe Cempany
shall now be distributed, the keel mime sew being
8,3011. 46 ,or 40. 6d. per share. Sims the dale of the last
meeting, Messrs. Henry Houldsworth and Jobe MOM have
retired from the board, and the vacancies ham hems Ailed
by the:election of Messrs. John Hargreaves, of Southport,
and James pulse, of Liverpool. The following directors
retire by rotation—Meson. Robert Gill, Wm. Stuart, and
John lirogden, and are proposed for re-election.
The statement of accounts showed that the expenditure
during the haltyear had been 2,38 M. 17s. 7d., and the
amount received an account of calls, up the 30th of June,
1852, was 207,8841. 1.5..
The CUAIRM AN moved thvt the report and accounts be
received and adopted, and that the proceedings of the direc-
tors be approved of.
Mr. H. MriLiwo (director) seconded the resolution,which
was carried unmimously.
The CHAIRMAN moved that a dividend be declared at
the same rate as the dividend to be declared on the stork of
the Lancashire and Yorkshire Company, at the ensuing
meeting of the proprietors.
Mr. STUART seconded the motion, which was carried
unanimously.
The retiring directors were re-elected, and the prom dials.'
then terminated.

EVENING, SEPTEMBER 1, 1852.

ULYERSTONE AND LANCASTER RAILWAY.
The half-yearly meeting or this company was held
yesterday, at Manchester, Mr. J. Brogden in this chair.
The report stated that the directors had funds in bend
' sufficient to meet their present engagements. The works
through the town of Ulceratese were being urged forward
as rapidly as possible, and they hoped soon to be in a posi-
tion to take the same steps on the other portion of the line.
The arrangements were in a forwcrd state. The report, in
conclusion, expressed the satisfaction of the directors that
they were confirmed in their opinion of the great value of
the railway to the Furness district, and the important in-
terests already established in it. The sta'emcnt of secounra
to the 30th of June last showed that the total expenditure
had been 24,4041., and that the balance in the hands of the
bankers was 30,0751.
The CHAIRMAN having moved that the report be received
and adopted,
Mr. J. Buoonxx, jun., in seconding tko proposal, ex-
pressed his concurrence with the last paragraph of the re-
port, indicative of the great advantage which would be de-
rived from this railway by the Furness district. It was
gratifying that the landowners of the neighbourhood hod
given proofs of their good wishes towards the railway, and
bad met the directors in the best spirit. Ile might add, on
the part of the directors, that they had met this gond feel-
ing on the part of the landowners in a kindred spirit, and
the consequence was, that the works on the line would pro-
ceed as rapidly as possible.
In answer to a Shareholder,
The CHAIRMAN said that there were enough funds in
hand without i:s being necessary to make any further call.
In answer tea remark from Dr. KENNEDY,
Mr. A. KROODEN said he had been assured that every
facility would be given for the cheep construction of the
railway. This was• great point, and when the railway
was completed there could be no doubt that it would prove a
great accommodation to the district and the public gene-
rally. The report of the Admiralty surveyor as to the con-
dition of the works was very satisfactory.
The report was then unanimously adopted ; and thanks
having been voted to the chairmen, the meeting separated.