The Express.
London, England, 1864-02-15 00:00:00

THE EXPRESS, 'MONDAY EVENING, FEBRUARY 15, 1884.

SPORTING INTELLIGENCE.

BIRMINGHAM STEEPLECHASE&
TOMIDAT.
Tee Bruaatowt GRAND ANNUAL SITIPLICIAIIi fit lb
soya each, 5 forfeit, aad 2 only iiildiSadl to the turd, U
declared, with 100 added ; wieners extra ; the mooed in say
steeplechase value 200 mom, tdb extra. About Own mile.
Lad a halt. . _ _

___ __....
Age st 11) Age 12 lb
Arbury
Jerusalem
, Avalanche • 12 0 Rook Om Gardener.. 0 10 11
Portland • 12 0 BrynGwyo. by Elan.
Car .
Worcester
' Merrimac
sir Bobby
Little Lady, by Caw MWMaris
noble
Old Bemire 0 10 12
The highest weight accepting being under last 711), It has been
raised to that weight, and the others In proportion.
Tag lIONTZIe PLATS (New Baas) of 25 was.. for bones
that have never woo • steeplechase, end have been
hunted this season ; 4-yr Ilst 31b ; five, 12st ; six
ad aged, nit 7lb ; /Annan extra ; gentlemenriders ; jockeys
or gentlemen who hare ridden the winner of any handicap,
7lb extra. About three miles.
Tint Wits= Cur, value 100 NOM (re-opened), by sub.
cripOon of 10 sows. sack, 5 ft, the surplus to be paid to the
winner ; to horses that have never won a steeplechase value
SOL at any one time, and have been regularly boated LIM
tlemen tidies, farmers,or trackman; last each. Three
—Those entered will be left in unless orders ere seat to the
contrary.
Tag Scummy HANDICAP of 25 mom ; winners dim the
weights are declared, ilb extra ; 2 miles.
Tag IJCINNLI) VI(TUALLIIILS' PLATE of 5 KM. Ma, 2 ft
(to the fund), with 30 added; wieners after February 10,
71b extra. Two miles and • WI.
Age st. lb. Age IR lb.
Sit William
Ironsides
Light of Other Days • 11 3 Ingo 1 10 41
De lituyter ..' . .. ... 11 0 RissEtame
Minna, by Coiling. Princess
wood
Stanton
Pot-point b 10 10 Staffordshirelasedate
Deception
µi (h bt,by Magi Grey Peter a 10 1
can 4l 10 9 Gift
Old nenli• a 10 7 Volantser • 10 0
The Screw a 10 7 Telegnun
Pilot 1 le 7 Prim, Royal ;It b).. a 12 9
... .

. . ,
Wes&eod
Recheig • 10 6 Over tM 6e• 6 10 0
Prinks& • 10 6 Arbsooti
Swarm • 10 6

Homo Azarmx—Arimaspian, Hermit, Codify, Vamp
tear, Waterman, Ripens, Jerry, Hanford, Lady Lovell,
Arlesostt, Corsair, Old Squire, Team, Prince Royal,
Staffordshire lass, Rocket, Bryn Gwyo, Miis Cliftoo,
Master Horatio, m by Newminster, a by /fountain Deer,
The Marquis, Jocular, Pam, Avalaindee, little lady, Pre-
mier, Bosh, and Killarney.
EirerrED.—Poi-Poarri. hernias, Redwing, Stacie*,
Deception, Over the Sea, Simon, Procter, Electra, Merri-
mac, and Chassade.

LONDON BETTING.--SATTRDAY.
BIRMINGHAM STEEPLECHASE
3 to 1 apt Worcester (off)
4 to 1 Merrimac (off)
6to 1 The Czar (off)
7 to 4 offered apt any two, take 2 to L
LIVERPOOL STEEPLECHASE.
11 to 1 apt Bantam (t)
12 to 1 Emblem (off)
13 to 1 Woe Nall (t)
100 to 6 Real Jam (of)
100 to 6 Portland (off)
20 to 1 Martba (t soda!)
20 to 1 Serious Cu. (t and off)
23 to 1 A my (off)
25 to 1 Jeamaalaw (1 and off)
100 to 3 Carter (t)
40 to 1 Leading Article (t)
50 to 1 Tbontastown (t and a)
50 to 1 Arbory (off)
50 to 1 Jealousy (olf)
50 to 1 Waldo (off)
NORTHAMPTONSHIRE STAKES.
11 to 1 apt Blithltikl (a)
100 to 6 Dollar (t 2U to 1)
CITY AND SUBURBAN HANDICAP.
to 1 apt no Plumy oak, 3 yrs old (t)
TWO THOUSAND.
6to 1 apt Paris (off)
6 W 1 Ounboacan (t 100 to 15)
CHESTER CUP.
20 to 1 apt Change (t 22 to 1)
20 to 1 Blackdown (t 22 to I)
25 to 1 Anhold (t f)
100 to 3 Marry Hart (t)
300 to 8 Carisorook (off)
DERBY.
10i to 1 apt Scottish Chief (off)
14 to 1 Pali/ (off, tl3to I)
15 to 1 Oatot Good (t)
15 to 1 OUliboma (t WOO to(*)
25 to 1 Idler (off)
1000 to 35 Ely (t JO to 1)
1000 to 15 Strafford (t 1000 to 10)
9 to 1 Mr. Tan Broook's two, Paris and
Idler it 10 to 1)

BETTING AT MANCRESTER:—SAITILDAY.
LIVERPOOL STEEPLECHASE.
12 to 1 apt Emblem (off)
13 to 1 Wes Nell (ad)
14 to 1 Bantam (t)
20 to 1 Emblematic (t)
NORTHAYPTONSHIRE STAKES.
10 to 1 on the field (off)
16 to 1 apt Cardenas (t)
20 to 1 Wittisavo (t and off)
CITY AND SUBURBAN.
93 to 1 as Um Gold (off)
CHESTER CUP.
20 to 1 as the fielded)
Very little betting.

GARAY NORTHERN RAILWAY.

The report of the directors of this °outplay states
that, up to the 31st of Dearaber, 12,729,3M•L have been
expended on capitehroount, sad 12,689,4161. rewired, the
expenditure being 39,9071. in excess of the reesiple. The
expenditure of capital daring the half year was 306.8301.,
bat the Ware of the premium realised by the male of
115,0001. irredeemable preference stock has, with other
small sums, been placed to the credit of this &cruet. The
net amount of expenditure is, therefore, 299,3361. The
sum of 219,658/. has been applied in subecriptsone to
other lines connected with the company, sod 54 4711.
bee been expended in providing further accommoilation
required at various points of the railway. To meet the lia-
bilities of the company for works, rolling stack, kr, they
have powers, yet unexamined, to raise 666,0001. far moral
wpm'. The total amount received for 4 per met. &bea-
ters stook is 2,5131. The mortgage debt yet to be ex-
tinguished is 846,0831. The interest payable on the whole
debt is at the retail 41. 0,7 d. per amt per mum= The
revenue amount for the hell-year shows that she pro re-
esipta for the par half-year amount to 872,3161,, spinet
828,5471. for the corresponding half of 1862, showing an La-
crosse of 43,769/. ; the expenditure amounted to
416,3511., against 410, ~ showing an Jammu* of only
5,6671. The blame of receipts over expenditure amounted
to 456,9651., against 417.8641. for the oorrespoading half of
1862, showing ea increase of 38,1011. To the balsam of
receipts over expenditure 455.965/. is added, 6681. balance
from the previous half-year, 8,4001. doe from the Beetseu
Ocounties Company, =aloha together 465,0031. From this is
deducted 254,9621. for fixed charges, including interest on
Imes sod debenture stock, and Preform)°, divideoda, Laving
a set balance of 210,0711. available for dividend on the en-
ema and on the A and B stocks, airiest 203,9871. for the
same half of 1889. The iscreae, in the fixed charges is
31;2201. over those of the corresponding period. The set
Worm on die balance, as compared with the same half of
18A 6,084/. The sum available will yield the following
dividends :—On the original stock at the rate of 81. 15e. per
mat. per annum ; giving for the half year 44 7a. 6d. to the
original stack. N. to the B stock, and 5/. 15e. to the A
stock, leaving s balance of 21:i1. The dividend
.for the year
1963 will therefor be 61.10. per rat on the anginal stock,
61. per cont. oo the Betook, audit. per cent, on the A 'took.
The receipts from pamenger traffic were late by 94,2951.
than in the corresponding period, but in 1.862 this traffic
w exceptionally Increased by the International Rxhibitioe.
The expenditure is 5,6681. above that of 1862 ; but 34,5001.
ham been charged for the renewal of the permaaeut way,
against 25,0001. in 1862. The Great Eastern Company are
promoting a bill in the present •01163111 to authorise the eon-
striation of a railway in direct competition with the Great
Northern, from a point a few miles north of Cambridge, to
Ashore sad Doncaerr. The directors have felt it necessary
to apply to parlianieut for power to °obstruct lines from
Bourne to Bleaford, and from Honingion, on the Boston
aid Elleaford Railway, to Lincoln, and to complete the loop-
line frees Gaineborougla to Doncaster. They banal*, made
arrangements to acquire permanently the BOUTIN sad Bs.
sendine, the Boston and &Word, the Leeds, Bradford, and
Halifax, sad the Lynn sad Suttee Railways, on terms
which they believe are fair and equitable to all panties, sad
they have agreed to contribute jointly with the larianhire
and Yortahire Company, and with the local parties, to the
capital of a short line of about three miles, from Halifax to
Overton. In redemption of the promise made to parliament
last moron, a bill ha. been submitted fora branch of ow and
a half mile: in length, from Barnet station to the tows of
Chipping Barnet. This bill also seeks power to acquire ad-
ditioaal Lad at St. Panora, to provide accommodation for
the extension of the coal traffic, and to coofirm agreements
with the Loadoe, Chatham, and Dover and Metropolitan
=hie for the use by the Great Northern Company of
of their respective railways. The London, Chat-
am, and Dover Company have deposited a bill to facilitate
the completion de lies between their static* et Earl-street,
Blackfriars, and the Metropolitan Company's station at
Fartingdoe-road. In order to moist them in completing
this desirable communication with the Great Northern
Railway the directors have agreed to recommend the ad-
, roes of 300,0001. at 3i percent. per annum interest, to be
mairat as a reatcharge, upon the undertaking of the
Leedom, Chatham, and Dover Company, on ainditioa that
issuing powers be granted to the Great Northern Company
ever parts of the Loudon, Chatham, sod Dover Railway.

ILa6) inteUfgrna.

arrzoroLtris COUNTY COURTS.
Sitting days spwetitod tar Use mead week.
WarrMaim Bt. MarSbio-lwas--Mooda,y, Fob. 1b; Tusadul.
Feb. 16; Wednesday, fob. 17; Thursday Feb. 18.1
Maarlmoss, Marylebone-road—Tueeday, Feb. 16; Wedaeo-
deg:b. 17. Thursday, Feb. lb.
Dusseas.tensos.—Tuesday, Feb. 16; Wednes-
day, Fet.77772tlday. Feb. 19.
BHosuovrca, Old-elawsaroad.—Tuesday, Feb. 16.
Bow. Bow-read.—Frlday, Feb. 19.
W Great Preseett-street.—Wednesday, Feb. 17.
boutawAac, waa-aireeß—Tuesday, Feb. 16: Thursday, Feb.
18 ; Friday, Feb.l9.
Ltwaarw, Camberwell New.road —Tuesday, Feb. 16.
GatUWlCH.—Weduseday, Feb. 17.
Woolarsce.—Traday. lob. la.
CrYY Or WWII, thiddball-bulldlaga—Monday, Feb. IS ;
Tuesday. Feb. 16.

0017 RT OP QTYKEWIEI BENOl3.—Faa. 13.
Attar Tam Sittinp at Nig Prior at Wastminatar.—(Br(aro
Lord Chid Audios Cockburn and a Spacial Jury.)
PARDONS V. 81311017.

The further bearing of this case was this morning.
Mr. Coleridge replied on the whole ova
The Lord Chief Justice summed up. He said it was vary
importaat in order to do jostles between the parties, that
in considering this case they should have at the oaten a
clear apprehension of what it was the defendant had
charged she plaintiff with, in order that they might be able
tone on the one hand what the plaintiff bad • right to com-
-5a of ; and secondly, how far, supposing it not to be
ified, the defendant had made out the justification which
undertook to make out of the truth of the charges he
had made against the plaintiff. The accusation made by
the defendant against the plaintiff was of • twofold charac-
ter—viz., that being the chairman of the been
of directors he was not justified, after purchasing
the bind, in retaining his office; and nooodly,
that he was not justified in sending in an ex-
aggerated claim with • view to making an undue profit
out of the company. The first charge divided itself into
two branches—first with reference to the acre and • quarter
which the company had actually taken, and the snood
branch had reference to • further quantity of this land
being required by the company being known to the plaintiff,
The act constituting the company, and authorising the
construction of the railway, passed in 1861, but instead of
the company, the line was to be made at the instance of
two other existing lines, who exempted to be benefited by
it as well as benefiting the public generally. la reality
there was no body of shareholders, and the expense of the
works and the land tobe purchased would absorb the whole
of the capital, and • contractor was found who was to be
paid for the works and the land by the wholedtheshares
beiog headed over to him. In the coursed 1862 the contractor
abandoned his contract, the laud having in the mean time
been taken under the act, and the work, being in COWS& of
active progress. The slate had been for some time in the
market, some portions had been sold, and the residue, subject
to a right of pre-emption resting with Mean. Barberry
and Vigor; was conveyed to Mr. Blake, one of the directors.
After some negotiation the plaintiff, who was at the time
chairman of the board, took one-fifth of the land, Mr. Ca-
rew another, Mr. Blake retaining the three-fifths. That
was in Await ; and in October or November the contract
was settled with Rummies, and whatever view they might
take of how far it was consistent with prudence and the
duties of a director who had purchased land
bkaly to be required by the company to centimes
• director, was • circumstance having a ma-
terial bearing on the question, when they found that at
the time of the purchase of the estate the company had
nothing to do with the acquiring of the land, and that
Mr. Romaine was the onl person who could be prejudiced
by it. Either from • • or being frightened at
the amount of the claims sent in—antoept which no doubt
mod prominently figured the claim for 20,000/. -he had to
apply to the board, and he was eubsequently relieved from
his land contract on his forfeiting 15,0001., and from that
time the company bad to become the pereltasem. Than
arose • very serious question ; for although it might be mid
that as between landowner, and contractors there was
nothing incompatible in the fact of • director having to
enforce • claim for land required by the railway, and ea-
t lee se exaggeratd claim, yet the position was very dif-
ferent when the obligation to purchase devolved upon the
directors, their object being to get the land at the minimum
prim, whilst the lanoline" would be anxious to obtain the
maximum value. He did not find that the defendant had
made a complaint on what his counsel had strongly insisted
—Or-, that at the time when the contractor was relieved
from his land contract, the plaintiff did not at ones place
himself in hie true position before the directors and the
shareholders. He certainly, at the meeting of the 23rd July,
charged the plaintiff and Mr. Blake with having acquired
land which the company had taken and were under the
asosesity of purchasing and the question was, how far he
was borne out by the facts. He heard with some surprise
Mr. Coleridge state that it was a reader of commoo occurrence,
but he hoped it was not an. He could understand
it was . matter of common occurrence that where
a Bee was about to traverse a particular district of country
it was desirable to invite the owners of property and their
friends to seats on the board of direction, but that was done
openly and avowedly and with the perfect knowledge of all.
The gravamen of the charge was that the plaintiff and Mr.
Blake concealed the fact that they were purchasers of the
land. There could be not • shadow of • doubt as to the
impropriety of the position of such • man, became the
shareholders had a right to the best advice and assistance
• director could give to the joint interest' of the company,
which could not be the case where they had adverse tote-
rote talthe shareholders generally ; but • fortiori, how much
stronger was the object where the fact of the adverse inte-
rest was kept secret. No man was called upon to
accept an office that would prevent him from
making an advantageous purchase of land, bat
if the two were incompatible it was his duty to give up his
office, leaving it to the shareholders to decide whether or
not they had confidence in him, and wished him to remain.
There was • difference of opinion or statement here, whe-
ther the fact of the purchase was communicated to the
dindors, and he was inclined to believe if it was, the other
directors would have considered it their duty to submit
the matter to the shareholders. The plaintiff said he did
communicate it in terms that could not have been mine.
defined, but the other directors said the impression the
communications made on their minds was, not that he was
' the purchaser, but that he had ineuence over the owner.
It was true the owner of land got no more than :her arbi-
trator awarded, but the interests of landowner
and director clashed—there was a struggle for price, each
having opposite interest( and taking different views. Up
to the time of the dispute the land had not been taken, and
the main point was with regard to the two acres. The
claims were clearly sent is without the knowledge of the
plaintiff, and it was equally clear that it was not till June
of the following year, 1863, that the fact of the purchase
was made known to the shareholders. The defendant had
• perfect right to insist on an inquiry into the matter, and
the committee, which was fairly constituted, had also •
right to call for • change of directors. The Lord Chief
Justice then recapitulated the points involved, and con-
trasted the evidence given in reference to them, remark-
ing that the question was whether at the meeting on
the 23rd of June the defendant said anything which
the facts did not warnot, and they were to judge by the
our:owning circumstanceswhether the defendant was
prompted with an holiest desire to promote the interests of
the shareholders or to do an injury to the plaintiff.
The jury retired, and after an absence of an hour returned
into court with • verdict for the plaintiff—damages, 231.
They handed in • paper, bat the learned judge declined to
read it, as it was no part of their duty to make remarks on
the coedited of either party.
Mr. Garth applied for a stay of execution, to enable him
to move, on the ground of privilege.
The Lord Chief Justice said he was confirmed in his
opinion by the other learned judges that there was no
privilege where reporters were admitted. He however
gave the learned counsel leave to move, but intimated he
was likely to have an adverse decision.
Verdict for the plaintiff —demagog, 2.1 f.