The Express.
London, England, 1847-09-13 00:00:00

the rate of 11,000!. per annum. They submitted the termed the
proposed arrangement with the Caledonian company, which hen
'Mt the Kilmarnock and An:bosom company'. capital 01 700,0801,
shall, so far as required for that undertaking, be an.lgamated with
the Ladedoeian dock, and beer a dieirtend off per eeat., provided the
net profits of that line yield that return, with an option to that ono.
piny of availing thetruelves, in lieu of such guarantee, of the
dividend which may be paid by the amalgamated stock.—
The noble chairman briefly addremed the meeting. gn the
course of his remarks, he said that, conaidernig the depreamed state
of the money market, the high rate of wage., and the Impassibility
of their going on with the whole of their undertaking, the directors
intended to go to parliament for an extension of time. lir hoped the
meeting would agree that hitherto they had not unmet-scarily urged
for payment of calla; but he thought that they would not be clothe
justice to those of the shareholders who had fora length of time paid
their cella. if they did not proceed to recover the arrears; and thin
being the cue, the directors had instructed the law agent ache
pony to proceed against parties foe payment of these arrears. flu lord.
thip ooacinded by rnovingthe adoption of the report. w fetch win (scalded
by J. Graham, Esq., of l'ererexe. D. Sonth, Esq., Was, ygicohugh,
moved that the meeting do not approve of the report, in aci far aa it
recommend. that legal measures be adopted by thcalrectors to enforce
payment of arils. but that every indulgence be given lathe la-„nesiaold,r,
in arrears, consistent with the engagements of the director.. Deal
moral, as an amendment, that the arrangement with the °deft.:
be not approved of. Os a divid•n, Mr. smith's, bet amendment was
carried by a majority of votes, though by a minority of stock ; and sh
it was evident, by u reference to the radio, that the latter result
would be confirmed upon a scrutiny, no demand wax mode for a poll.
After some further dLcumion, Mr. Smith feted to depart from hM
motion respecting the arrears, upon Lord Eglinten acquiescing in ;he
understanding that unless it was found absolutely neetwory no left
measures should he adopted. Some formal Wane,s luviag been dis-
posed of, the meeting terminated.
MISCELLANEOUS NE %VS.—DIRECT Nottill KENT,
A County Asieciation lo about to be formed for the purpeee of oarry.
ing out thin project. The shares are proposed lo be I I. each. lid
hoe in designed to proceed from London through Rochester,! hatha
Sittingbourne, and Canterbury, to Dover and Denl, taking in it. want
course the direction of Mr. %%stoles projcst of last year, with acme
modification between Southwark-bridge and Gravetend, so at to leave
the South-Eastern Company in uninterrupted precession of their short
traffic tine between the Greenwich Railway and Gravesend.
EDINBURGH AND LEITH DIRECT.—This line is about to
be revived, principally, it is said, because the North British ham diffi-
cult, in conducting its Leith traffic. The prevent Edinburgh, Leith,
and Gunton, Ia leased by the 'Northern, and although suitable rime,
for goads, and for paseengers by (steam-boats, is not reckoned eligible
for Leith passevigere, and hence bag not driven the ornnibeds omen
the field. The new line proposes leas tunnelling. and lay, down its
route by the direct line of Letthawnlk. The capital In to be 100,0001,
in thane of 101.; deuneit,
AVG. 23.—This Gazette d 'Augsbourg and the
Fasinro di Bologna give the following: "Our oflici4 parrs are
more explicit to-day on the c011et...14.th of tie railways which hare
just been scanted. Nine competitors tr.:pentad thermelvto—the Coto.
pony VederitOtt, KM. Charles Laffitte, Blount and Company
of Worm, with the celebrated Rikaini ma bead partner ; the Na.
time! Company, la Societe Nasimale, Prince Con 3 ; the Company
Primes Alfieri and di Wand ; the Company Prince Bnoneortlinglll;
the Roman and Foreign Railway Company (Focieta Romans ed ewer.
dells strode ferrate; having for chief the ?denten. licsubol del
Monte ; nod, Liddy, the Society leopold Fabri. rith of them meth.
Ries gave up their pretensiocia of their own awed, or were refusal by
gorenunent. The three others, forming but two comps:nes, bone
taken upon themselves the execution of the pen liner. the Company
Alfieri end Rosette that from Rome to Ceprauo (frontier of alapliot.
and the Company di Bologna that from Rome to the frontier. of
Modena. Toe two companies will give government two both —one
for the preparatory works, the other for the security of the works,
the first of 9.200 'smith (496,8110 f.), and the second 1,160,000 sewn
(5,940,000 f.;. Them two sums are to be paid down in cash or In stock.

COMMERCIAL AND MARKETS.
SUGAR.—Buteirot, SZPT. 11.—During the 117:week a
large amount of business has been does, the trade show a dap*.
'lon to get more extensively Into stack. The priers rule t Is. wr
ewe above regent rates ; several parcels of liarbadoes good to hoe yel-
low haring met with ready sale at from 41$. to Es. rd. per cat its.
lined goods are in improved demand, and the lane PO* market alto-
gether IA firmer. There bare been no arrivals, with the exception of
about 330 bap coastwise.

COTTON.—Ltwanrom., Seri.. 11.— The sales to-day
averaged 3,000 bales, 1,000 of which were taken for export. The
market was steadv, the prier being the gamer yesterday, vie bowed
Georgic, 41. to nd.; New Orleans, 6d. to lid.; burets, 41d., 30.,
to Std.
MANCHESTER, SEPT. 11.—The yarn and cloth market as
yet present. no appearance of recovery from the proetration of the last
wrath. The demand for the American market IA moth more limited
than it hes bees, and is oonlined to cloths of the II ,er de,riptions; is
goods suitable fur the India and China markets oohing it, doing, and
for South American the Wetness is comparatively small. The fall
trade for the home market, anticipated to be good in former notion
In this papa, is now in full operation, and some of the bores here in
that trade—three of the principal ones especially—are now doing a
tolerably extendve Manor,
WOOLLEN CLOTHS.—Lorene, SEPT. 11.—The demand
for near:y all descriptions of woollen. hoe been rave in the ware-
houses during the week, a goodly number of country mercers has nig
visited the town ; and the attendance of merchants on the Cloth-MIR
this morning war, In consequence, more name.. than at the Last
market, and there was an increased amount OnSIZARPM done, chiefly
In clothe of medium quality; heaven% pilots, and cloaking& being,
with fancy clothe generally, in demand.
HAKONVARE.—BIRWINGIIAM, SETT. 11 —The position
and pronpecta of the Vilriol.lS branches of trade here ere seemingly of •
not more encouraging character th n when we last reported. The
complaint of scanty orners, and difficulties in the way of p
cash, are loud and general, and there con be no doubt that, making
allowance for the exaggerated grievances of nyetematie grumblers, there
is a very considerable desire/wroth and that most especially as regards
much manufacturee as are carried on hereabnita, them ate kaiak
times to Meer through. It is worthy of remark, however, ran ex.
emplification of the caution with which our manufacturers (meet*
by the bitter experience of others in not very distant years) have
learned to conduct their butane., that, during the last 18 months,
I when the bad state of trade and the money prorare has been almost
unexampled, there has not been a single entharramment worthy of at.
tendon, although in some of the trades the chock has bera most
deeply felt. From the N'orcestenthire district we have letters eating
forth the state of the various trades there but excepting some re.
lemma to the glass trade at tkourbridge, 'there is none calling for
especial notice: here, however, we find that there still extra
considerable difference between the masters and the workmen,
chiefly arising out of the difficulty of their agreeing with their
employers r to the prices for the various patterns which have of late
been introduced into the cut-gime toads. A deputation from the body
of workmen hr been appointed to wall upon and arrange differences
with the masters; the hater are disposed to meet them on fair terms,
and It is hoped the former will nut continue so obstinately blind
to their own Mends as to refuse offers by which their di.putes
might be terminated; laving in sir, that for a long course of
years these continued trade strike. have been so seriously detrimental
to their own intereeto.nr men are in the receipt of good wages, bottle
Invariable crease karats of the workers of this district has been to
continually grasp after Neese shadow, and Ire eight ol the substrace;
and until the epresd of education shall imbue them with a better
feeling for their employers, and induce a renter sensibility of right,
It Is feared that this Parish system well more or less coati:me.
Throughout the entire district, the wages received by the aroma at
least doubles those obtained in many prorinthid towns, wherese their
condition in life is, for the mot part, the mat wretched tint CM be
conceived.