The Express.
London, England, 1847-05-28 00:00:00

BAIL COURT.

Ber.;iiiTi.;ti•Jo;:e;i4ge.
A WIG SCENR.—Yesterlay. being the Queen's birth-
day, the judges appeared in fall-bottom( d wits. The
Queen's counsel were also in full dress Mr. Knowles,
Q.C., appeared without his full dress and full-bot.
toured wig ; Mr. Justice Coleridge did not at first notice
this, but asked him if I o had anything to movo
The learned gentleman accordingly rose to move, which ex-
cited a titter among his learned brethren. This attracted
the judge's attention to the fact that Mr. Knowles was not
in
beensaid:Oh! about ? I must have been dreaming when I
thought I saw Mr. Knowles—Mr.%nowles is not in court.
(Laughter.)—Mr. Knowles (pointing to the highly =amen-
tat drew of Mr. Crowther, who sat near him): My lord, I
could not wear this drew, because—. Mr. Jw Coe Coleridge :
Oh, never mind—Mr. Knowles is not in court—it was my
mistake—l was dreaming, that's all. (Loud laughter.)—The
ordinary business of the court then proceeded.
THE QUEEN C. LANCASTER AND CARLISLE RAILWAY.—
MANDANTS.—MT. Willem applied on behalf of the commis-
sioners for cleansing and improving the roads in the borough
and town of Lancaster, for a rule, calling en the directors of
the Lancaster and Carlisle Railway, to show cause why a
mandamus should not issue commanding them to make
ascents and descents to the footways over the railway in the
town of Lancaster, which they were required to do by their
act of incorporation. In consequence of obstructions caused
by the railway, notices were served on them in September,
IRA requiring them to make the necessary ascents and
deseinsts After some negotiation, a rule was applied Lr in
this court, and granted, to empel them ; but they bad only
partially complied with its directions. The footways were
ancient, and of value to the public, until obstructed by the
railway.—Rule granted.
COURT OF COMMON PLEAS.
Minus la Hama
DAWSON AND OTHERS,. MoRRIRON.7-RAIIWAT ADVIZR-

TISEMENTS.—The plaintiffs were advertisingageni;,;:nd the
action was brought against the defendant as a member of the
provisional committee of the Oxford, Whitney, Cheltenham,
and Gloucester Independent Extension Railway Comoany,
to recover the amount paid for certain advertisements in-
serted in various newspapers respecting the said railway.
The case was tried at the 11•062,11 ter the county of Surrey,
' when a verdict was found foe the defendant, and a rule nisi
had alaro been obtained to show cause why there should not
he a new trial, on the ground that the verdict wee against
evidence.
Mr. M. Chambers now showed ensue against the rale; and
Mr. Serjeant She. appeared in rapport of it. The evidence
on which the defendant's liability was sought to be axed is as,
that the committee of management were represented in the
prospectus as having the whole control over the &Cies of the

company, and that this statement must have been authorised
by the provisional committee. It was therefore contended,
in support of the rule, that the defendant was liable as a
member of the provisional, although, as it appeared, be was
not a member of the managing, committee.
The court discharged the rule.
Nola Pares—Before Mr. JusCee Williams and a Common Jury.
SIMPSON e. USSNAMD.—Mr. James and Mr. Prtinzi were
counsel for the plaintiff, and Mr. Serjeant Wilkins and Mr.
Bagley for the defendant. Mr. John Simpson, the plaintiff,
was described as carrying en the Outten of a clerical agent
iD 31007er-street, in the City, and reside* at Fulham, and
Mr. Cohn Reynerd, the defendant, bad recovered judgment
on a debt amounting to 561. odd against a Mr. Char. MtClarty
Loomis", who was recently in buainess as a bandanna mer-
chant, as he described laimsetf, first in Cheapside, and then
in Aldermanhury, but who is now a warehouseman in the '
City. In the early part of the present year Mr. Douglas.
thmugh the failure of some of his correspondents, and the
default of others, as was stated by his counsel, became em-
barrassedin his circumstances. The present action was an
issue directed to try whether certain goods, consisting of e
pianoforte and other articles of furniture, belonging to Mr.
Douglas, and which had been seized et the instance of the
defendant, under an execution from the Sheriff of Surrey,
were conveyed to the plaintiff, Mr. Simpson, in trust for tee
separate use of Mr. Douglas's wife, by a deed of settlement
executed no the 3rd of December tut, on the marriage of
Mr. Douglas and his wife. If the goods were so &ones fide
conveyed, then they could not how be taken in execution
and in satisfaction of the defendant's claim against Douglas.
It appears that this claim arose out of Douglas teeing
guaranteed the payment of a debt due to the defendant
from ono Robert Rogers, who bad become a defaulter. Mr.,
Douglas was married on the 4.6 of December last, to a Miss
Mary M'Ciarty Campbell,
e of Glasgow, who is now 21 years
of age, her husband ing a few years older. The marriage
was solemnised at Glasgow, by the Rev. Dr. Buchanan, in a
private house, that being the custom in Scotland. Before
the marriage a proposal was made to Mr. Douglas, by the
lady's iiiends, that he should settle his furniture to the
separate use of his intended wife, by a deed, that being, as
he alleged, all be had to settle upon her. To this prone's].
Douglas assented, though his wife brought him no dowry;
and het:awed a deed to be drawn up for carrying it into effect
bye Mr. Miller, stated to be an attorney, carry hog on business
on the same premises, in Moorgate-street, with Mr. Simp-
son, the plaintiff, but whose name could not be found in the
Directory. This deed was forwarded from London, by Miller,
in the beginning of December UM. to Douglas, who was
then in Glasgow, having gone thither to be married, with
written directions for its execution. Mr. Douglas called in
the aid of Mr. John Marshail Hill, a sulieitar in Obasgow, to
get the died executed • and, with that view, those two gen-
tlemen went, on the iv! of December last, the day previous
to the marriage, to the house 127, Argyle-street, Glasgow,
where Miss Campbell was then residing with her mother.
The deed was read over by Mr. Hill to the parties to it, in
the presence of the mother, and then Mr. Douglas and Mils
Campbell executed it in the presence of Mr. Hill, who I
attested its execution. The latter omitted, however, to in-
sert the date of the deed at the time of its execution, but
got his clerk to do it afterwards, on the same day. The
parties were married on the succeeding day, anti imme-
diately afterwards proceeded to London, and took up their
emit!e nee at Stockwell, in Surrey. The pianoforte, which,
with other furniture, formed the subject of the issue, was
purchased by Mr. Douglas for the use of his wife, against
their marriage. Mr. Hill's (the attesting witness's) evidence
went to shoe, that the deed was signed on the day that it
bore date, and that it was then in the same condition as it
was at the trial, with the exception of its haling been
stamped subsequently to its execution. The words "and
delivered" had been interlined in the st•ematimr, which, Mr.
Hill stated, had been so interlined, to the best of hie belief,
before ho signed it, though he knew such an interlineatiun
' would have gone to vitiate a decd in which it occurred in
Scotland. The deed was not stamped until the 22nd of March
of the present year, though it was executed on the 3rd of
December last, 109 days previously; and the 37th George
111., cap. 136, sec. 3, provides, that when a deed shall he
brought to the Commissioners of Stamps to have the requi-
site stamp affixed to it upwards of 60 days after its execu-
tion, it shall only be stamped on the payment of certain
penalties. There was no direct evidence that the penalty
had been paid in this case, or remitted under a discretionary
power vested in the commienioners on being memorialized
fer its remittance ; and this led to a suspicion on the part
of the defendant's counsel that the deed was not executed
on the any of its date, and that it was a colourable and
fraudulent transaction, put in operation to defeat the de-
fendant's claim. Mr. Douglas, who was called as a witness,
in the coons of his examination said, he was savant when
he executed the deed, but that he had since got into
difficulties. Since February last a great many bad debts
bad become owing to him. He hail haat about 2,0001. by
the firm of Goodeve, who were now petitioning the Insol-
vent Debtor's Court; a person of the name of Edmonton
owed him between 8001. end 0001., from whom he could get
nothing; and ho had lost about 3001. by a person of the
name of Jackson. There were other existing liabilities
against him, but he had not yet been called upon to pay. On
crows eemination, he said he had 301. of his own, and 3001. of ,
borrowed money, when he began business in the latter part
of 1815; mod that, since February last, he had iacurreel debts
and liabilities to the extent of between 12,0001. and 13,0001.
His actual debts, at the present time, amounted to between
4,0001. and 5,0001. ; the remainder of his liabilities cor.sisted
of bills which he had endorsed. In the beginning of April
last he offered'his creditors 2..5. Gd. in the pound upon his lie-
bilitics. the time of his marriage he owed about 1,0001.
These were the facts evolved in the course of the plaintiff's
e Serjeant Wilkins, on the part of the defendant,
directed the attention of the jury to the fact of the young
man, Mr. Douglas, beginning business towards the autumn
of 1845 with 301. of her own 'piney, and plunging in debt to
the extent of 2001. at the very outset. He was found in
March, 1847. about a year and nine months afterwards, ac-
cording to his own showing, to have incurred liabilities
amounting to between 120001. and 13,0001., and offering in
the same month a dividend of 2s. 6d., by way of camped-
non to his creditor. Under these circumstances, ho would
put it to the jury to say whether they believed the man
was solvent in December lest, when the deed iu question wen
executed ? Supposing him to have been then solvent, why
did he go in the succeeding mouth ofJanuary, and guarantee
the payment of a debt of upwards of .561. to the defendant on
the 15th of February? His wife had brought him nothing,
and what reason or motive had be for making the settlement?
The learned sergeant went on to animadvert upon the mys-
trrioua nature of the connexion between the plaintiff (Mr.
Simpson) and Mr. Miller, the attorney, who drew the settle-
ment, " Simpson and C 0.," and upon the fact of Mr. Miller,
who had now neither " a loeel habitation nor a name," not
having been called upon to speak to the transaction. He
then drew the attention of the jury to the fact of the deed
having been stamped 109 days after the date of its ezecuti en,
whilst the Stars* Act provided that if a deed were brought
to be stamped upwards of 60 days after its execution, the
stamp could only be affixed on the party paying a penalty at
whose instance the stamp was sought to be affixed. There
was no proot that the penalty which would arise in this cue
had been paid or demanded, and the unavoidable inference
woe that the deed amid not hare been executed on the day it
profeesed to have been executed, and on which the witnesses
fur the pl eintiff had fixed its execution. If he (the learned
serjeant) should prove thin, the jury would have no doubt that
this was a fraudulent transaction from beginning to end. He
contended that the deed was a post-nuptial settlement, and
not an ante-nuptial settlement, as it prof sled to be; ar.d, if
post-nuptial, then the question of the solvency of the hus-
band at the time of its execution would have to he considered
as to whether or no fraud was intended.—Mr. Justice Wil-
liams said •post-nuptiel settlement was not nemessarit n fraud
upon creditors.--Mr. Joseph Harris from the office of the Com-
ruissione re of Stamps, proved the affixing the stamp to the deed
on the 22nd of Starch Met. If the deed had been executed on
the 3rd of December, as it professed to have been, a penalty
would have accrued after a neglect of upwards of 60 days to '
have it stamped. The penalty was sometimes remitted by
meant of a memorial to the commissioners; hut there was
nothing iu the warrant whist directed him to fix the stamp
to the deed, nor on the face of the deed itself were eters any
of the usual pencil-marks by the commissioners or officers of
stamps to show that the penalty had been remitted, or that
the commisod.mers had been memorialised re:vetting it.
li he lordship. here interposed. He thought that where
the point at mane went to involve the question of periary
on the part of the witnesses for the plaintiff, it was of the
highest possible importance that it should be correctly amain
tamed whether the penalty with respect to the stamping of
the deed heel supervened ; and, if so, whether it had been
elected; or, upon a memerial to the commisaioners or
otherwise, it had been remitted. The production of the
memorial to the commissioners, if any were in existence,
would clear up the point.—A messenger who had been
despatched to Somerset-house to make inquiries respecting
the memorial on his return stated, that the office of Stamps
was closed on the occasion of the anniversary of the Queen%
birth-day.—His lordship, under the areonstances, post-
poned the further hearing of the cam until to-morrow (this)
morning, to allow a search to be made at the Stamp-office
for a memorial.—Mr. Serjeant NVilkine said, if a memorial
were produced showing that the penalty had been remitted,
he would undertake on the part of the defendant to make an
ample apology to the plaintiff's wane ves for the line of
defence which ha had felt it is duty to take, acting upon the
instructions with which be had been furnished by his client.

COURT OF EXCHEQUER.
n Banco.
SIMIONDI V. Mt.".41g.Y., AND OTRIERA.—RAILWAY
TRAFFIC-TAKEPA.—This was an sat:Ma a railway traffic.
taker, to recover a balance of 3001., alleged to be doe upon a
contract entered intobetween him and t e Swindon, Dulcet,
and Andover railway company, of which the defendants were
directors, and a further sum of 1201. for extra work. The
Lord Chief Baron, who tried the case at the sittings after
last Michaelmas term, thought the plaintiff was dioeatitied
to the because the bill had not passed through parlia-
ment, which was one of the conditions of his being mud that
ram, and as to the claim for extra work, the learned
judge was of opinion that it was not =stained. A
verdict was taken for the defendants, with lea's
reserved to move to enter it for the plaintiff for 1001.,
should the court be of opinion that the demand for extra
work was sustained. A rule nisi was accordingly obtained,
and the court, upon granting it, intimated en opinion that
there was no pretence what err for entering the verdict for
I 3001., which was payable upon the event of the bill incorpo-
rating the company passing through perliament, which was not
accomplished. Mr. Martin, Q.C., and Mr. Cleasby ebowed
cause }esterdayagainst thatrule. Mr.liumfrey,Q.C.,Mr.Bag-
ley and Mr. Needham were heard, at length, in supporter it.
The court were of opinion that the plaintiff was not entitled
to the sum claimed for extra work, because it appeared in
evidence that the eiders for it were given by the solicitor of
the company, Mr. Heald, who. stared at the trial that when
he ordered the work he told the plaintiff distinctly that he
was not authorised to pledge the credit of the directors fbr It.
Under these circumstances, the court thought the rule should
be discharged.
The court rum shortly before two o'clock.

MARLBOROUGH - STREET. EXTENSIVE PLATE
FADDIST. —Thonuts William Wells was brought before
Mr. Hardwick, charged with having in his possession
a quantity of silver plate, consisting of 'salvers, dishes,
ofee., valued at 4001., the property of a gentleman
named Trclawny, of Plymouth. The prisoner went on
Wednesday to the shop of Mr. Pitches, silversmith, Oxford-
street, and Aired a quantity of plate fur sale. The prisoner
was questioned about the possession of such valuable pro-
party, and his replies not being satisfactory, be was desired
to bring a note from some person who could clear up the sus-
picion as to the way in which the plate came iota his poses-
soon. The prisoner promised to bring a note, and left the
shop. Mr. Fitchns immediately scat to the Vine-street
station-house an account of the affair, and on receipt of this
information police-sergeent Gray was despatched to make
the requisite investigation. The prisoner came in a short time
with a note, purporung to have been written Ly some person
in Nuelatreet; but this was net considered sufficient, and
the prisoner we, told to call again. When the prisoner left
the shop, he was followed for some distance by the police.
sergeant, who at lest asked where ho grt the plate. The pri-
soner said he got it from his brother, but refused to say where
he bad left it. The constable then took him into custody.
The police constable having discovered where the prisoner
lodged, searched the place but could not find anything of a
criminatire nature. !here wee, however, a table-cloth in
which portions of the plate Lad apparently been wrapped,
mad this cloth was marked at hill length with the anew of I
Trelawny. The constable pursued this clue so successfully,
as to gain information that a gentleman named Trelawny
was at present in town, and that he was accompanied be his
healer. Tire butler, Joseph Pick, on being shown the plate,
'immediately identified it as his mast Fr's property. Ou see-
ing the prisoner the butler knew loom as Aeries' lived so
stable-helper in the service of Mr. Trelawny about twelve
months ago. The butler said the plate was rare in the plate
chest about a fortnight ago. The prisoner must have taken
the opportunity of the family being in London, to enter the
house aqd ,steal the plate.—The prisoner, in defence, 'id he
received *letter from his brother, who lived at Trelas ray, in
Cornwell, and his brother sent him the plate to dispose of.—
The nrieensr wee remanded till Saturcley neat.
CLEREENWELL—TIMEATENED SUICIDE.— if
Haynes, a !woman, in the service of Mr. Bennett, lice Lied
victualler, or No. 20, Leather-lane, Holborn, was charged
with having been drunk, threatening to commit suicide, and
assaulting p oliee-constable 114 G. It appeared that on
Wednesday afternoon the prisoner absented himself from
his master's Louse, and, at tie in the evening, he retorted
home drunk,and went to bed. He hag slept about on hour,
when Mr Bennett proceeded to the bed-room, and ordered
the prisor.er to leave the house immediately. He gut up,
and went to the kitchen. Shortly afterwards the servant
informed him (Mr. Bennett) that the Frisoner was sharper.-
ing a table-knife to do some mischief with it. IVitneis went
to the kitchen, and found him with the knife; and he
threatened to cut his throat if he was turned away without
notice. A constable was s.nt for, and the prisoner we I
given into custody. The constable deposed that he
found the knife (now produced) concealed on the
prisoner's person ; ho mode a violent resistance on
his way to the station-house, and et uck and kicked
him and another officer who assisted to take him.
The prisoner slid not deny the clonrge, expressed his sorrow,
and said he was so drunk he did not know what he was
doing at the time. Mr. Bennett gave him a good eharnete r.
There could not be a more harmless or quiet person whoa he
was sober.—Mr. Combo mid the prisoner never intended to
kill himself with the knife. Parties who threatened and
talked so much about destroying themselves nemr intended
to put their threats into execution. He (committed the pri-
soner to the House of Correction for 14 days, without fine.
LA M BETH. —R EFUSAL TO MAINTAIN.—JONItB Mit-
chell, a journeyman painter, was yesterday brought up in
custody, on a warrant taken out by the officers of the parish
got Newington, for deserting his wife and Lumily, and leaving
them chargeable to the perish.--From the evidence it ap-
peared that the prisoner had treated his wife with great
brutalioy ; so much so, that she was obliged to St perste from
him, and he then undertook to allow her Bs. a-week. He
soon forgot his promises; and, though in full employment,
he allowed his wife and two children to become chargeable
to the parish.—The prisoner, when threatened with the
terrors of the tread-mill, promised positively to pry up the
arrears, and be punctual in payment of the week;y allow-
ance, and upon this undertaking he was discharged.
THAMES.—INHensa HUSBAND.— Thontas Murphy
was yesterday placed in the dock, charged with having as-
saulted his wife, Mary Murphy, whereby her life was now
in danger.—Police.constable H 14 stated, that the previous
evening he heard cries of " Murder" proceeding from Fore-
hall-court, Rosemary-lane. He immediately hastened to the
spot, and found a woman with a large wound in her head,
from which the blood flowed profusely. She pointed out the
prisoner, who was standing close by, and said " My husband
there has done it." From her statement it appeared that they
had a quarrel, and the prisoner took up • banjo (the remnants
of which the constable produced in court), and &truck her
ov, r the had with it. The stock of the instrumel'a pene-
trated her skull. Witnees immediately took the mon into
custody, pod conveyed the woman into the London Hospital.
Pr, ioner, who mule no defence,said he believed some one was
present from his wife to speak for him. A female stepped
forward. and said his wile hoped the magistrate would dis-
charge him. Mr. Ballantine eaid the c.so was by far too
SEINE= for hint to pc:mit the man to be at large, and directed
him to be kept in custody. It was subsequently stated that
the poor woman, apprehensive of the result to her husband,
had insisted upon being removed from the hospital, noel con-
veyed In her own home ; upon which Mr. Ballantine directed
the constable who had the charge to ace that Mr. Ross, the
divisional surgeon, attended her as promptly as possible.
The prisoner was then locked up.
SOUTH WARE.—Soxi Li NG.—John Bishop, a smith and
farrier, was charged with stealing iron, the property of the
South-Western Railway Company. Mr. Simpson, the soli-
citor of the company, described the circumstances of the
case, by which it appeared that the prisoner was employed
by the above company in the manufacture or making of potato
for the railroad, and. for that purpose a considerable mien-
tity of iron was served out to him. The iron is question was
in bars of *considerable length, and when the points required
were cut from them it was his duty to return the remainder
into the store belonging to the company, from which it was
issued in the first instance. Instead, however, of the prisoner
doing so, it was recently discovered that he had deposed of the
surplus iron, sod convertedtbeprueeeds to his own use. When
an inquiry was made into the matter, it was found that the
prisoner had sold upwards of 30 or 40 tons of the amidst%
soon dealers without giving these by whom he way empty's&
any intimation of the circumstance. Some portions of the
ken were produced, of considerable length, which, it Mai
explained, the points had been cut from, in coder to show
rporieenepray never intended that it should have been
t try any person in their employ as old iron,
Thavenident engineer, who contracted with the prisoner
*IS des 'manufacture of the points, was called for the
pupas of establishing the fact that, instead of selling
the iron left after making them, and converting the
premeds to his own use, It was his duty to return It
into the company's stores at the terminus.—Witnesses
were then called to prove the fact of having purchased
a large quantity of the iron from the aimed, who did
not attempt to deny the fact, but said that Le considered
he was justly entitled to the iron cuttings left after making
the points required by the company, and that he certainly
did sonvert them to ks 1111111 purpose' ; that any tradesman
la his line of Attaining, and employed under similar Mecum-
odemeles, would have acted precisely es he had done on the
Simpson explained that the bars of iron in-
telligible() the prisoner to maks the points cost the company
at the rate of 9s. 10(h per cwt., and it was ascertained that
-le had sold the remaining portions for 3s. 104. per ewe. to
lee old-ironmerehants.—The prisoner etill maintained that
lies "cuttings" he disported of were his perquisites, sod that
ha was justified in the disposal of them for his own isavolu.
ilea—The magistrate (Mr. Seeker) said tnat at present he
nlil not decide upon the ease, nutil further evidence was
alluge end in order to give all parties the necessary oppor-
emmerlpswesealep with the charge, instead of senchug the
gdiraMealiseplei.baehonld remand him, and accept of- bail
if Ns appeoroso.

MONEY M4RIET.
TRURADAT ETZIRIO.
The most ext.,--' seootint probably within the re-
ol

masabeame of the oldest member of eke 111•111opegras
wound up te•day, and ander circulates's sir le
prices as ex tmordinary almost as the reveled.. wow
day Indus eventful history of the patina wash& fat sevoiral
days the gradual creeping up of the eppeladiens ben beau
noticed, and hy the more wary of theapserslafidaaleillitftefto
the signs of the thnes were neither atsaparded n unim-
proved. Consols reached 875 yesterday, 1 lower sit
the close of business. This morning, the first Inargaine done
were at 871 and 5, bat as the settlement proceeded, they
gradually seconded, in the midst of much excitement coo.
serpent, to 881 for money, and 885 for the opening on July
18, the neat account day. On haring off the quotations
were reduced however to 88 to 1 money, and 881 for Jody.
The setting party found the market apparently to that
surprise quite bare of stock, and therefore in some degree at
the mercy of the large holders of stock whose operation sad
interests lay in the opposite direction. Reduced Throe par
Cent'. left off 865 to 7. Three etre-s-Clearter Per Ceuta.,
881 tau Bank Stock, 1895 to 1905. Exchequer Bills, par

par .
. .
!.

*mac I
IN 00 I 11,
100
114
100
3/76_

D. 3
D.. VI
N.yiw //Ada . .1
It wan I.au

NI SO
HI 63
se
•
•
•
at

75 14 I 7s J.
11.1 70 Ili 40

imam.) Nost4.6 1 " o
IMA NW. . . 111.9 ..
asOknoto on 1/lovetl Went., 1661."
Meow., II tv _I —Tared per Cools., VOI 1
Cents— 11111 nom.. Five per Cm., 19
31 mosey; 6 ereonnt. Coupons, U. Soak ol
M Loadon.l9 U.

money, lag wallet r,o.yr
money. P•seirta,
A St }trainman, 181. Exchange

LOINS OF MONEY BY STOCEBBOICEES.—A 0 Constant
Reader," dating from Dudley, regueets attention to certain
supposed trregularities in the mode of dealing with advances
of money ou shares, which will be best explained in his own
words

I beg leave respectfully to suggest that you should dram attention
in your City Artscie to what 2nleals'S to be, in the past vf share-
brokers. in the present monetary crisis, a most li-renninr and damps-
one mode of Intending for their clients a certain dmen:a ion of bust-
nele. In Liverpool. and, roe .4ttit 1 Foote, in other places, the
mosey of their clients is being be the brokers lent at 7 and 8 per cent.
upon the savorily of shares and stock in railway. For instanoe—On
shares worth at present prince 4,000 L, or thereohouts, leans of 4,00 W.
are made. The shares (expressed in the transfer to be for a noml.l
consideration of eve shillings) are transferred on a thirty-ice shiffing
deed stamp by the harrower iota the name of the lender (or
mortgagee), who is registered In the books of the comp.,. An
off-side agreement between the parties, on plain paper, explains
thenature of the arrangement and the understanding that, on repay-
ment of the money (*ay 3,0001.,) with Interest, at the time thetas]
mentioned, the shares are to be re-transferred tote borrower. Tbis,
lam advised by my solicitor, is a clear mortgage trio:each. and that
Instead of a 355. stamp, an ad valorem stamp of 71. to cover, In the
instance here given, the 3,0007., should be employeL I ND told aL the
in these transactions are exposed to heavy pen.,lties
rtahretossZllion in the deed being falsely stated) ; end that, in the
twist of litigatPm, the dmomemts would be inadmissible in evidence.
I shall be glad to hoer year intelligent opinion on this Important
matter, ant I remain, A thasstsser Rnt.a.

What, strctiv speaking, may be the law upon the suhject
mast be left to the derision of those who are more specially
and professionally qualified. It is not improbable, however,
that the most learned in the law might be found to differ
varinusly in their appreciation of the legal bearines of the
CIS!. In the common sense view, however, a temporary
transfer of shares, as security for so much money advanced
on loan, should no more he a fiscal offence, and es such
liable to be visited with permit..., than the every-.lay un-
questioned practice of years „. taking up money on the
temporary transfer of Consuls or any other stock. When
the transfer represents an actual sale the liability to the
stamp laws, one-sided and oppressive as they aro as
bearing upon railway or other share property alone,
becernes intelligible enough. But it is difficult to
understand why railway transactions and transfers should
be so heavily mulcted in stamp duties, whilst transfers of
funded securities are free and emtless, and foreign storks
circulate without form or duty from band to hat.(l. The
late Lord Sydenlvim, then Mr. Poulett Thomson, suggested
a scheme somewhere about 1832, for raising • revenue by
taxing transfers of stock, both home and foreign, and the
Chancellor of the Exchequer of that day enttrtai,vd it
seriously. But its impracticability as regarded foreign ean, k.,
and the outcry against it from th-steck exchange, as tending
to interfere with and embarrass the free course of dealing, if
not to bring the funds into discredit, won put an end to a
proposal, which, if we remember aright, was carried to the
absurdity of proposing to bring within the domain of stamps
and taxes also, all stock exchange bar,raius for time.
There certainly does not exist any are.preasion among the
leading rharebrokers of the City that the practice rererred to
in respect of loans ansi transfers is either illegal or irregular.
The thirty shilling (not 355.) stamp is cohsidcrsd to aver
the legality of the transaction in all respects, with the
" offside " agreement in explanation and for better security.
As stock and s'iare businses is carried on very much on the
principle of honour and mutual confidence, In the strict con-
struction and fulfilment of which defaulters are of very rare
occurrence, it is possible that the rigorous compliance with
legal requirements may be somewhat infringed and should
such be the case the warning of a " Constant Reader " may
be useful and opportune. It should, in snob case, suggest a
combination of the railway interests, now so powerful, t get
rid of a fiscal impost which bears so hardly and exclusively
upon the transfers and investment of property, and so in-
junou.ly trammel the activity and movement of legitimate
' speculation.

RAILWAY NEWS.
These was a general and marked improvement in
railway values yesterday, with much animation in business.
From the eagerness of buyers, it may be presumed that spe-
culative sellers had-naturally taken alarm at the firm and
ascending rates of the market, and hastened, therefore, to
buy in their accounts, as the more prudent way of stopping
loather loss.
MEETINGS. L TONS ILND AVIOTION.—DBJBO/11itiON
AtANN'il try 27.—Yr. 0, SPeal to the drin—,ll,..
kinwo, the tolleitor, stated the reessieftSow,seae sipped tor holders of 111min-ill' of 2,000 shiremenatto. too Sam
of this *away maCogews tb• B.BThunift. IN&
jested a few ttiotoloto. • WWI It pram tha adds
mold serve r a thmeaseadaa ea OW a atria Ora
, Itellen.ese pddlama the head 71to late ot the NOW tadist dr ea* dna* to lhe oretrustioa of lis Ilse
Odor &spiral bra et Oa NlLim=m
Zrlbsnnia=straiefteleamEed;"ajarezoridt or strlilstez.„, the grit
rad be UBll7Nd portion it Wrarja Id hotd
und
Si aro that two idalculdas as to ot lltte eXO-
Ini• that the ad hold SOMA la
rarlbse the sake of lbw Oho: Mtn Oat Ida Addles=
beincLaagarutdir solerset
testt.torrt thtit Mg=
frau the Itrealte_ ave. neatest It that the
he shaaared. head* which auarmilliestre:
1p uraiasts. Itr. Leirt re • utlas,_ der ritial Urfa very earadoostda extort= theverl lam rear be
Ittri=a7 40 Cd.al I fad, that the Dr-
tioldelirseee he al; that Zeorarserseat of
the work Aiwa lie pepped tilt .thOtzhz lap Alb lid in
terred at it peers& eta die account ad al
I Interim by the arielladtj sad nth, ad Wad el Ward sad athel,

____,....--...
that a minimum interest of 4 per cent. be guaranteed by the goy*.
meat on the paid-up capital during the term of the conseas; sa.-.sk
Preece sessmi this resolution, whirls, after some diseusi_ .on,‘ •,•
passed unanimously.-The chairman thought that the French'
vernmetit might be induced to set their own officers to to work on tba,
line, as they Sul on the Northern Railroad, by which the calls *
not inconvenienced the proprietora. That line had really bees ope*
with only calla to the amount of at -Mr. Lloyd raid the notes vas
good, but there were other laws now to regulate the comps,*
i heir only course was a pbtin statement of their trier:mom to *
French government, es as to get an alteration in the term", or
for the cam:dation of the company. Mr. Whikworth, Mr, D. 2,,,„6,
Mr. Undo, Colonel Caldwell, end others, addremrri the meetingY.
support of the resiolntions.-Messrs. Paul. Siouan, Preece, and km&
were then mowed as a committee to We mcmures for carrying --•
the obleeta of the meeting ; red a resolution for a sutoenp*l
aspenet a share for the utteneant mama, was paean] ulaniniou,,
ffiLtiT LINCOLNIII4II6I6.-Special Mrteing, May 27,_...1fr•
O. IL Packe in the chair.-Drafts of the Rost Lineubishire A .
ment, and of the both Navigation Purchare Hills, and of the bill •
ewshla the Great Nonlaern to lawn or purcharn the Lou Liseoinshi;,-
were submitted to and approved of by the meeting.''
MISCF.LLANEOUS NEWS. -tiottritErer Coy
UNrore.-The contract. on this line aro being common* wp,
vineur, and the mile hare been paid op most prOnlikly, Th.
du Mora, it is understood, do not Intmad to make any turtie,iii
for some time to come, a. they hare new sufficient fonds I. k.-..
This sill co
This the most direct menner, Tack * 6. ia-zi
Eastern portion of England with Cathie, Glasgow, &&
SHARK LIBT.-LoNoos, MAY 27.
Norw-The quitausan sr tosw Weal.n eaaracters deems kneel tra6,66
nem. oar.. of Doke. sellers. pr..
rm..
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ell asaiergass- 14 4, 23 kyaa sae 111 ....y•
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6 awe,/ a Amok pm lik 11 Do. i Sum lii i
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ii. 111 • De ...",...
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07f 004.0.0 01werre ma Ilolikma .106 47,...pfa,,,,,,, 7,,,,t., 6 22.. ,oe.
Di Wean SS 40 140 New. ....Mgr 4 14445, ~.
le Lk ler c 00.., 6 per 1.2 par In I neackr. aWm
la De. ..•I Carr,/ pre CI l6tp. NO 13141, ea
II
7. aw.ratt (4 6.4. gi A. .Yee
34 11.. 6 Maw.... II 44 6 De. New. .. . . ... µit
40 law.. Ormtlee ll iI6IM Do Mon. A Dern,. 2
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Da 144 . 4 Aro 16 IS 100 Morgan, ..--. MI 7 I
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