The Express.
London, England, 1848-08-21 00:00:00

THE EXPRESS, MONDAY EVENING, AUGUST 21, 1848.

delivery that had taken place wee act the effect of a mis-
take, and that it was only intended the defendant shou'd
have him on paying the money in the manner proposed. If,
however, the jury shculd come to the conclusion that the
contract was complete for the payment of 1,1001. by • !MI at
twelve months, and that there was an express delir.•ry of the
horse, then the defendan• would be entitled to a verdict.
The jury found a verdict for the plaintiff for 8401., oa the
ground that the defendant hail elected to take the horse at
that sum, and to pay ready money for him.

NORTH WALES ClRCUlT.—Citannut, Apo. 19.
Caows Co. e,.—Baum Mr. Justice Wightman.
ELICTION RIOT AT SaocKPoWr. Seven respectable
parties surrendered in discharge of their bail to answer an in-
dictment found at the last assizes, charging them with having
riotously assembled together at Stockport on the 15th April
last, and with having begun to pull down and demolish the
dwelling-house of Mr. Thomas Sutton. Their names were
Owen Robinson, grocer ; Henry Robinson, grocer ; Charles
Robinson, grocer ; Daniel IVoolky, druggist ; Sam. Clark,
corn dealer ; TAos. Brook:, grocer ; and J. Hurst, bleacher.
A number of wittrasea were called, from whose evidence
it appeared that on the day named in the indictment there
was an election at Stockport, the candidates being Major
Marsland and Mr.Kershaw, the latter of whom was euccersful.
On the evening, before the poll was taken, a largo
mob of persons assembled in front of the Red
Bull lon. They asserted that a voter was "bottled"
or concealed there. The landlord denied that this
was the case, but the mob insisted on searching the
house. This was refaced, Indies they could show 501110 legal
authority, whereupon a number of persona rushed into the
house, hut were driven out on two occasions. About mid-
night, two hours after the first attack, the mob again
assembled, demanded admittance, and, being refused,
broke the doors, window., and window.frames, sad
heat a number r f persons who were in the house. The
police then interfered and put an end to the riot. A number
of witnesses were called to identify the prisoners as taking
part in the riot. The case for the pros, cution bring closed,
Mr. Temple naked the learned judge whether ne imolai red
there was sufficient evidence to go to the jury. His lord.
ship said it appeared to him that there, was ',tithing in the
evidence which indicated snore than an intention
of using violence, for the purpose of gaining ad-
mittance into the house to search for the voter,
who was supposed to be concealed there. A ch.rge
of demolishing, or beginning to demo:ish, ought to
be sustained by evidence, showing that there had
been are attempt to destroy the sub.tuntial brickwork or
foundation of the house. Nothing of that kind was, how-
ever, proved, but verhaps, under all the circumstances, the
case had better go to the jury.—The jury, alit r a short con-
sultation, acquitted the whole of the prison. rc.
The prisoners, except Brooks and Hurst, were then ar-
raigned upon an indictment charging them with a riot, and
by consent of the learned counsel it was arranged to read
over the evidence which hail been given in the former case.
The jury acquitted Henry Robinson and Sumo I Clark, and
found Owen Robinson, Charles lt anima, and Daniel
Woolley guilty.— Ills lordshia. then senteuced them to three
months' impels ,nment.
An application was subsequently made to the learned
judge, founded upon a uutooriel sign. d by parties convected
with the prosecution, for a remission of the sentence. It was
stated that they would have been sot sfied Lad the prisoners
been bound over to appear to receive judgment when called
upon.—The learned judge, however, declined to alter his

proving
felony.—The prisoners were committed for trial.
WAN DSWORT 11.—Di 8T 11.E414. Caroline Dalogat, one
of the daughters of Augaetus Dolmas, the Frenchman who, 1.,
it will be recollected, perpetrated the murder upon Mrs. s,
M'Farlane, • widow, on lieu nea.bridge, in April, 1844,
and who was tries and convict, d at the C. ntral Criminal
Court, had an interview with Mr. Poynter, relative to the
dietreasis now endured by herself and her two asters, and
possibility of obtaining such meant as would enable them to r.
emigrate to America, where they might be enabled to pur-
sue an industrious career, without being subject to the pain- if
ful fact of being recognised as the offspring of a man con-
vieted of the highest penal offence, as had been, and would
continue to betthe nee in this country. The applicant,
ct
who has received an excellent education, and has tilled the h
situation of companion and lads 's.maid in several highly
respectable families, detailed a long course of suffering, si
which dated from their mother's death in 1843,
etas
subsequent unfortunate connexion of her father
It
with toe woman M'Farlene, and the murder. At ae
this time the appalicant and h. r three sisters were V-!,„
all in situations. With: the exception of applicant
these places were all lost, and she had to provide ler her s
sisters. They changed their name to Douala', hoping to thus at
escape obloquy ; but the fact was discovered, and they
were again thrown desitute on the world. Augusta, the
ti
ynungcst,diril of consumption, induced by want and grief, in I
1846. Her gist( r Sophia was at presint lodging in a room in 11
which there were five other inmates, citable to pay the phi- 41
utile rent demanded, and fast sinking from else...lute want. Is
Iler sister Caro ine was just admitted as an inmate or the 1,1
Margate Infirmary far one month only. She had herself 11
. been a patient of the Consumption Hospital at lirompton, 90
and more recently at Guy's Hospital, and was at present de- t
per dent on the charity of • lady keeping • school in Batter- u
sea-fields. The applicant mentioned the names of various
gentlemen who had acted in the kindest manner, and mid
that the Rcv. W. S. Rowe, the chaplain at Horsemonger-
lane Um!, would satisfy any benevolent persona as to the re
genuineness of her narration.—Mr. Poynter said he had ea
caused inquiries to be made, and the result was so satisfac-
tory that he should give her a sovereign out c f the poor-box n
I toe her present necessities, and perhaps the publication of her s
• and her listen' unhappy condition would raise them 1.-lends, L!,
• who would enable them to achieve their lacdable desire.
4

MONEY MARKET.
SATUnDAY EVENINO.
With the heavy rains of the morning the funds
were depressed, and Consols went as low as 83 for
money. Wnen sunshine made its appearance, after
midday, Consols seemed to record the fact like a dial
plate, by marking prices higher, say 86 for money,
and 86 toe for time. The dealings were not of im-
portance, but the variations suffice to show S'
how much under present circumstances the
value of public securities is controlled by 9
the weather. The barometer is rarely so much re- it
sorted to by day as now. Reduced Threes were 11,
861 to 1. Three-and-a-Quarter per Cents., 87 to 1.
Long Annuities. SI to 15-16. Exchequerßills, 31e.
to 345. prem. India Bonds, 23e. to 26e. prem. Bank
Stock, 1964 to 81. India Stock, 239 to 241.
The foreign market displas ed more firmness to-
day in continental securities, with prices higher in ,
some instances, but without any particular amount of ;
business. Dutch Two-and-a-Half per Cents. were
higher, at 44 to 5 ; the Fours, 70 to 1 ; they came
higher also from Amsterdam. Russian, 99 to 101.
Danish, 68 to V. Spanish Fiver, 111 to 121 ; the
Threes, 22 to 3 ; Passives, 3 buyers. Portuguese, 18
to 19. Mexican, 164 to 17. Brazilian, 70 to 2.
Chilian, 84 to 6. Peruvian, 30 to 2.
The Dutch government have issued a decree order-
ing the purchase, at par, on the Ist of next October,
of a capital of 300,04)0 florins of certificates of the
'lhree•and-a-Half per Cent. debt. This had a favourable
effect on the stock market at Amsterdam, business
on which became animated, and the home funds all
in advance and demand. The Two-and-a-half per
Cents were done at 44:1. In foreign securities
there was little doing, except in Austrian, which
were still en the rise, with active purchasers.
The representative assembly of the State of Hesse
Cassel authorised, in its sitting of the 11th inst., the
creation of state paper money to the extent
of one million of thalers, in notes of 1,4,
and 20 thalers each. From 1832, the issue is to
be redeemed, or called in, at the rate of 50,000 per
annum. It is probable, however, that should this paper
money be found to pass easily with the people,
temptations will not be wanting to make further use
of so ready an instrument for raising the ways and
means, by the extension, more than the drawing in, of
issues.
The Bank of France continues to show a satisfac-
tory progress, and the results of good management
in its balaeco sheet, as made up to the 17th of
August. The coin and bullion in possession in the
bank and branches amounted to the gross sum of
188,025,000 francs in round numbers—say, about
5,696,500 francs in excess over the returns of the
weeh before. The increase was, of course, in the
head bank, with the exception of about 1,200,000
francs in the branches. The note circulation was less
by nearly 2,000,000 francs. About the bills and ac-
ceptances in the bank and its branches there would
appear to be either a misprint, or an error in the Paris
copy, resulting in a substitution of sums between one
and the other, which may be corrected hereafter, but
the error is not material, for, upon balance, there is a
diminution in the aggregate of more than four mil-
lions of francs. The current account in favour of the
Treasury was, at upwards of 261 millions, nearly 8
millions above the week preceding, but at the same
time this excess was created almost exclusively by the
advance of the Bank of 25 millions on account of the
loan of 150 millions to the state, which may be re-
garded as a forced loan im9osed upon the directors.
ENGLES/1 FUNDS.
Bank Stock, 186 7i 113.11.111°nd,', £l,OOO. 24 5 3
3 par Ut. lied. Anus.. 86 5i 6* Consols for Account. 854 6161
3 per Ct. Cons.Anns., 051 16 Etch. BOle. .ELOcti. 24d. Juno. 22
Now 31 per CL Ann, rot 4I f Ditto. £,Soc. 24.1., Juno. 23
Long Annuities. cap. Zeti Jan., DittoSinall. *l. .11am:11.35 ; June.
160. g IAI6 1 3
India Stock, Lid 40
FOREIGN FUND!.
5 per Cent. &Kill= Bonds, T.l 3or Cent. Spanish Bonds, Acct.,
3 per Cent. Danish Donets. 1825, Aug. 31.22 f
21 per Cent. Dutch Exchange, 12
6 per Cent. Peruvian Monde. 31 Gull., 44
5 POT Cent. Spauish Passive Bonds, 4pa Ct. Dutch Certificates. Acct.,
Aug. 31, .1

residence he then occupied in Craven-buildings, Crood, meetings by the directors, are regarded as nn-
eati.factory, with abortive attempts still at mystifi-
-I:7od.colnts.inxtridhido not sea sehae
hbaidra
siagn.ainremunivtieldlatte.l,!.—pal;
cationtin some cases, and discreditable pretentious-
m—estetrs. oorerrees.eas%c,oohldrgort.thveropyriedsetnheart, but not naocct
,uppotanneethissoll
nets. of explanation and apology in others. Where,
moduced bill was not his, and that he had never authorised as in the instance of the Brighton meeting, a share-
any person to accept it. lle had known the prisoner many holder rises to make a clear exposition of the p
once
years, or blunders of management, be is met at once
years, but never accepted any bill for him.—The prisoner
was fully committed for trial and put down by a sort of packed array of share-
MARLBOROUGH.STREET.—TIIE SOAK NOBLZOAN. jobbers of the Stock Exchange, who rarely purchase
--J. Whiling, •taitor by trade, who mutinies the name of for investment, but are buyers or sellers to-day for
Smith, and who for ,he last three years has been going -
about, pasting himself off as different nobVmen, among the realisation of a profit to-morrow—a oar
whom he personated Lord Alfred Hervey, Lord George ful class in their way, bat who have no
Bentiack, Lord Bernard, and Lord Clifden, was abiding interest like the real proprihetary,dis who
on enter
, e positi ot
brought up for a final examiva-ion, having been previol for investment and do not alter
t
fully committed on two charges of felony, cnaiged with their property,
Possiblyw hateverthe changes of prices, for
various Mae of fraud.—lnspector Whall, of the C division,
profit or loss. it will be discovered with
iii the course of his inquiries, astertaiuell that the prisoner
had been formerly tried for stealieg a ring, and oleo for a time, although the trot may not yet be arrived at,
rape, but WIN acquitted in the latter case. Ile had no doubt that the surest way to improve the system of manage-
he should be able to prove a former conviction for felony went and advance the interests of railway pro-
against the prisoner. He had several chalices of fraud petty is not to promote to the highest offices of ad-
ministration peisons who, whatever their acquirements
against him, which, if the magistrate thought advisable, he
would bring forward—Mr. Hardwick said the prisoner al-
ready stood committed on two charges of felony, and they , and their know ledge theoretically, have none
might be considered sufficient for the preFtnt. But if the of that deep practical acquaintance with
science, and the details of railway
prisoner should be acquitted on these charges, then the police railway
might proceed with their charges of fraud. administration, which should be desirable, and ought
WESTM I iSTER—FEMALE INTItaI'IDITY.—H. Gra-
to be indispensable. There is, in fact, toe much of
ham and E Leach were finally examined, charged with
breaking into the dwelling-house of Mr. Hutt, 20, Up:.er jobbing and patronage in railway management. It is
E itou-strict, Pimlico. and stealing a quantity of plate. On not difficult lot directors to contrive majorities for
Wednesday, Frances Cavan, lady's maid residing in the house whitewashiug past errors, or worse than errors, and
fashiona and
according to the
of Mr. Rad her, had occasion to go out. On ,r rotor. she
for arranging
ng the future
ir own management
views. in their own
found the rreet door, which she had left escort :.fear her,
partly open, and discovered the prisoners in the passage. The
lady's maid declared that they should not leave until she had The railway work', was extremely astonished with
ascertained that all was right, and, although a thin delicate- the report on Saturday of the supposed intention of
lokieg young female, seized both the fellows. They Mr. Hudson to resign the chairmanship of the Mid-
o
struggled violently to escape, but she retained so firm a hold lands railwaft. The shares declined in consequence
et them, that they were for some time unable to do so, and to about b 7, or more than 7/. per share.
dragged her out into tic street, where Orahsna succeeded in
(fleeting their escape by striking her a viol, nt blow on the SRARB I,IST.—LONDON, AUOUST 19.
chest. She, however, pursued Graham uutif he was token Nova—The quotations of lines in Itiunaii characters denote actual
into custody, and the other prisoner w• e apprehended sub. eels. tranmetleas : Mese of linraiinn.loaios sullen' wines.
sequently. On an essminatior. of Mr. Butt's hones, it was Se Aberdeen ...,... . TO 22 fa 1L...10na P. Waiter. '
found that some silver spoons and forks had beer stolen from za Ainfieri.l.b.st e Ma. 1 ed. 4 1.. New. aii. ....
the dinner-table in the back parlour. Evidence was given ty. !ruse. IVaLt Died#a 3 4lp. 34 I Do. New, 4i.a. . ...
- that Grahum had been previoum'y convicted a re. !fire Wigbl44l7. 4.," ill IM. 0... I.`ast•
h'.l P•• dc'-. Tf'd" •• •

t id.
1
jd var.

17.17.714Z67au1i5a 110 Do.
94 trete um/ knew at all. 11 fDo N.Se.rre,r.T p
er
a 5 Ito. Third. 124 lonDep totter .Us
14t Raelinaluttnoldrs 4l 14 homeortrog.e >Vo.•
5' Otg, doulan.... 234 4 Mow. Nutt Mot.
01 tie,. 4 stuises
211 1/0.,610 Pniference 3.; 1 10 Do. Noe 101.
473lChster de Dophedl.! 1.04. 21 Mow*. ESouffisont.
16 Do. Prelieene ld par 10a Mlelleud . - .....
30. uoteharrernt.Junc Jt 26d. 4id. Ammo_ -
ft I S.4si fa IHi D 7 lei Po. Dirmet Dress
1.11 Do. 1164 E. .* Le
//.1. 3 4 Iterl Do.C. Bets Brslid.
zi tm.t3t.int.)evcrri 293 3d W. Brist..l(lios4er
00 ilkaterntiounsiee.. 14 1 4114 Msaol.llrdlfella
5 Do•Ncw,ll id...P.0.31 tl lorillfnessale & terlie•
01 Ihr. EximrotsiVeticd. fp. SO ;Nstersdries
of 11.. do 26 North British
4 I Dvd'or.eikar6parg _ I.'tl shares
I lb. du. 5 per Psa,49 3e4 Do. !h. q• •• •
r_ Mara Do.
I Do. New. . • par 44 Do, Thirds .......
ai 'Kasten. u.iiq't Neefoar• •• • .... • •
81 Do. du 8,14131. It, Do. New. 800• • ~.:_•
rt. Do. do.. C 131. Do•Guart. Si p.
I DO.do.BC,P.O,Glett lid. M Do. Est. 53, Cern.
W Do. du., de. 124 11, 2 Do. do.lYraverso Y.
25 Etta LoanuAire 8f 74.1. 4 H.Cwnties Union .
191 Do. New 101 11 ;rue/ha 9th. Wafer.
2•1 DO%ll 59,,d1'1-f.__l• • •-•,'lk lid- 124 North Staffer-Whore
11}°•°' Pi" rw..l 0. 21 84 Kerte Westerst
23 Nast Luscolassisee ..14 14p. 49 ,Osfd., Wervat P oar '
61 Estfinmegls Giasg.•3244l & Seto
16 I 340 # 'hat" 16 fa 1:! Beau. mart.
iS~. Do. 4 shares 11l 101 2 'Scottish Giobta
11 Ersterj cord, Dare lad. ; Scottish Slit/send ..
16 Gust Northern-- 124 17 Do. New.. „..• • .
▪ 14.1.001.ik Yvekra 241. 71
421 GtSouth& Walther le led. 4 ; Do. do., 60. Di...
to . Orcd North et East. 230 233 9 /threes. kliir.clas. •
II Do. New.ll4l t 639. 6 MD°. du.. -etas,
lIDo. dem, 30k 3d aut. 10 Hilenesat'hativ IVA/
Do. Neir.l6l.
10 Oleg W440T0 I 2 14 Do. Ourestry
10 Do. Islam. 1 Do. Nno
11 Do. shares 17 30
ser4tAirreent. Pref,
13 4ire fhoson...l
13 Do. New, 17.1 f9 'Borth lose
10 Hall arid Sate ... 100 Sts Do. Preference..
16 Do. shares 48 80 64 South StatfurdshirO... I
12.1 Do.. shares .•• - 9p. 33. Beath kiestern• •.,...
too Lane. & Carlisk 46 60 21 • De. do No.l
13 .10socoulds0& Yorith :211 Da do No.:
id Do. do.
13 110.4 shares
174 Do. i shares 41 4.1. iffi I9outli Wales
.110. linty II& 94 la 3,..iuk.D....b00.
Of Do. Sixteenmo
13 Do. 'Thirds( SW 9 •d. 46 Waterfd.it Limerick
Do.NewOuar.o Oft 3 42, Wear. Felley6pOpr.
lid Dalsesrp..errers 16 Do., do., du
o DolluddrresB= if I Do., do do
Se De Whfl'otre sit Wilts bers:..de IVern
tl Do. IY. 11. Vision.. 44 4d. 91 Wog. iews.&S.ll 00.
M Do.Prestout Wore.3s M York, Nnee., sk Der. 30
91 De. 4 shwa • 31P. m Do orig Nrios•Xlter2e' 29
10 Look and Bradlord.l9l 63 16 Do Ex.Nolltias a 1
tO Lee's and _124 25 10 Dodo If o2Ntinklier
80 Do. New , ......124 ...28. 8 DotiNSPorse curiae
IDo fieurfd..ol3. 21 94. 541 York lk Ifidissea 69 al
14mA:rust o,& 10 leo. Prerernace • 1
. N.J. IS Do. E.Cll'.lto.He. 21 3414.
1.141L0nd,0, k Dla riketal 41 44 "(w.f.'. 11,1•31.•
IA DO. Exkaoio,s.... 41 Anglo-Dalian
10 loon.. &Undo.. 0400 slit! 2i litto•orrav r Atom 6
111 tin. Coins. MOM, II (9,191 P0.40.'.4 Yea: 10 dd.
9 Do. do. Ouar.so.Ct Dodd /Weak 71 74.
u De.tes/s.nags.t.t. 45 47 c.d. 74 Loweitiste Mawr
50 Do. du. 1852
3 Do.74ew.sl.4etlket 31 21 Samar sod Mtge . Terthdr
44 L sndo , and bream. 10 Samisen of Yruos . 5
I Dv. Mrklexusol• 6 Ortedris HOrdt•lli 4 4wth d.
It Lessee r. h. Masten 114 Ltte dll Parts and Lyons.... 6 sstl.
a Do. shArer L•sk I. 40.4 • Pori. cl.led Dream s . 26 227
7 De. do. Neu- 'd. ?orison! Mous- 19 12
2 Do. Fifth .. 64 Paris skStrasboaro .64 6d.
:6 Do. 11014,0 and Ham . 71 8
9 D0.101..A.„41 It lip. iawsnre o4d Meru. 221
9 th..lotah.lll sk It Hp. 9 leers sod Nmdsl.. 7 6gd. e d
1 Do. 101.41 .44 a B as West Yana. tens .... 34 des.
MEETINGS. -- MIDLAND. - Ilall yearly Meeting.-
Derby, August 10.-Mr. George Ileskon, M.P., in the chair.--Ilie
secretary read the following report "It is gratifying to your directors
that at the termination of a half year of peculiar difficulty they are
enabled to announce that the groat receipts from traffic have
amounted to 607,1701. las. 3d., exceeding those of the corresponding
half of last year by 22,6091.; and leaving a disposable balance of
193,4601. 6s. 10d. This witl enable you to declare a dividend of 31.
upon each 1001.01 the Midland Consolidated Stock, 31. upon each 1002.
Consolidated Preferential Stock, after the same rate of six per cent.
per annum upon the amount paid; 421. 10s per share upon the
Erewash Valley shares; and of 21. Gs. ad. upon each 1091. Consolidated
Birmingham ands Derby Stock, payable Sept. 4 next. The opening
of the Syoton 'and Peterborough line was delayed beyond the period
contemplated, partly from the unfavourable elate of the weather and
partly from the inability of the contractors for one portion of it to
complete their work, and which the company were obliged to take
into their own hands. It 0,,u opened on the let of May. The branches
connecting the principal collieries in the Erewaeh Valley with that
railway are now in rapid progress The line from Nottingham to
Mansfield, as far as Sutton-in-Ashileld, a dio.ance of about thirteen
miles, will be opened in a few weeks. Since the last meeting the di-
rectors have contracted for the making of the branch line from Leices-
ter to the Leicester and Swannington Railway at Desford, about
via miles, and the works are progressing very satisfactorily. The
extension from the Leicester and Swannington, at Inng Lane,
to Burtomon.Trent, will be opened during the autumn. Ar-
rangements arc making for the junctions of the Man..
cheater, Sheftleid, and Lincenshire railway with this line at
Brighton, of the South Staffordshtre at Burton-on. Trent,
of the South Staffordshire at Alrewae, and of the Oxford,
Worcester, and Wolverhampton, at Abbot's Wood and Stoke."-
The engineer reported that the maintenance contracts on the North
Branch terminated in the early part of this month, and that this por-
tion of the line was now in the bands of the company. He anticipated
a saving of from Sul. to DM. per mile by this arrangement. Oa the
Bristol and Gloucester, the cost of maintenance was also reduced. The
line and works were in a very satisfactory state. The capital account
to 30th June 4,01, showed receipts at 12,913,788(. 10e. 10d.; expendi-
ture, 13,254,006/. 10e. 9d.; leaving a balance against the company .f
110,217/. Ins I Id. The reap= account to same period showed re-
ceipts at 559,099/. 16s. 2d.; expenditure, 3935t091. 7s. 4d.; leaving a
diemseable Detente of 195,160/. Se. led.
The Chairman, in moving the adoption of the report, said It was
not his intention to detain them with stay lengthened observation. He
assured them that it was not his intention to trouble them with any
reply to the pamphlet of Mr. A. Smith. His hon. friend (31r.Glya)
the chairman of the London and North Western Com-any, had so
completely expos"' the fallacies which Mr. Smith had sent before the
publie that it was unnecesstry for him to allude any further to the
publication. It would be recollected that at • former meeting of pro-
prietors the directors agreed that the Yd. shares should come into
dividend this half-year along with the other stock. When that pro.
mi.e was made they anticipated the opening of the line at an earlier
period than was afterward. found practicable, and conaequently
the traffic had not yet been lately developed. As far as
it had gone, however, It was most eatisfactory ; and after giving
the subject their beet costsideration, the board determined to carry
out the pledge given by placing 401. shares in the position of old stock,
in order to do which they had to take a considerable sum out of re-
venue which waskrehaps not fairly derivable from that source. When
they lest met they did not anticipate the events which have occurred
in Europe, and which have disturbed the onannereial interest, of this
country. To these events must be attributed the diminution of pas.
aenger traffic, but be was happy to inform them that there was an in-
crease in the mineral waffle to the extent of 30,405/. Had the re-
ceipts from passengers been equal to the corresponding period of last
year, the same amount of dividend as usual would have been declared.
Hallways necessarily depended very much upon the commercial
prosperity, and if the commercial interest was depressed railways'
must feel the effect of it. But he looked forward to the next half
year with considerable hope. He trusted and anticipated that the
causes which had led to depression would speedily be removed; added
to which they would be enabled to effect a considerable reduction of
expenditure upon the articles which they consumed, all of which
were lower in price than they had hitherto been. This would enable
them next calif year to return to the proprietors a satisfactory divi-
dend. During last half year 20 additional miles of railway had been
opened, and 41 more would be calffid to the line in the course of next
half year, leaving only G or 8 miles to be completed ; and he assured
them that it was not the intention; of the board to enter into
any further engagement. tetore they next had an opportunity of
meeting the proprietary. Ile then referred, with feelings of '
regret, to the large expenditure of tho company, and es.
pressed a hope that the board would be enabled to effect a consider.
able reduction. lie thought they might reasonably hope to reduce
the expense of maintenance of way, said, on the line betwixt Derby
and Leeds alone a reduction of from COL to 701. • mile was expected.
They had determined to take that part of the line into their gown
hands as an experiment, and, if they succeeded, they would adopt the
syetem upon the whole extent of railway. Judging from the corre-
spond:no mired of last year, they melt anticipate an increase of
100,090/. in the returns for next half j ear. After explaining other items
in the accounts, and the additional expenditure that had been required
for the goods department owing to the company becoming its own
carriers, the chairman proceeded to condemn the unjust manner in
which railways were 'smeared to the parochial rates. t'pon the
Eastern Counties line the assessment was at the rate of 1114. per acre ;
on the Midland it was 7/. ; in fact, they were paying for every twelve
acres at the rate of 841. per year. He had already mentioned the
subject in his place in parliament, and he now urged it upon the at-
tention of the meeting, in order, if possible, to arouse the railway
public to the injustice. There was an increase of from 4 to 5,0004
upon this item over the corresponding period of last half year. He
did per that parliament and the public would relieve railways from
this unfair pressure. They were prep wed to pay what was just and
rea-onable, but the present mode of assessment was intolerable. This
was one of the grievances under which the railway system struggled,
a syetem which had struggled through difficulties, which would have
appalled any persons except Englishmen. They had struggled sec-
easfully through all the difficulties that had stood in their way, not '
by the aid government or parliament, but simply by the indomitable
perseverance of the parties who had embarked their money in thee.
RAILWAY NEWS. gigantic undertakings ; and though the present aspect of their
affairs might appear rather disooursging, . yet, let them re-
We had an unsatisfactory share-market on Satur- cake that they had pared through times of depression
and gloom triumphantly before, and he had no doubt
day altogether, not merely in the weakness and
that by steady perseverance, by determination tooat
decline of prices, but in the general tone of feeling the p rind pi, of • y
thew expenditure, by • deter_
respecting railway property and prospects. It is im-
solution imiitotObeellft,inotpomas
tfe:dr undedaar:itakorintirardas
inpomiaublethe, biry adfiroaciangrz
re-
possible to deny that the reports laid before the pro- that thin property would rally, and continue to pamper to the benefit
prtetaries at all, or nearly all, the recent railway of the shareholders and the adnunage of the pupils.

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