The Express.
London, England, 1848-07-14 00:00:00

--------------
Mr. P. 1.. Fox's Ezecutor, 4 yrs, est gib
Mr. B. Green'. Sewn, 3 yrs, Set 10Ib (l3aahms 2 )
Lard Glasgow's Min Sarah. 6 es, Mt Ittib (Holmes) 5
The following also started but wrre not plead: Mr. Ihmey's
Caw/ouch, 5 yrs, Set lib (W)-nnet ; Sir J. Gerard's Crimean, S re,
7st Illb (slarlow) ; Sir P.. \t . Bulkeley'e Montormier, 1 yrs, st Mb
I....Long:taff' ; Mr. A. Jobnetane's tilywee. 4 yr., Month
71b (Pence); Lord
ud Tureen, 3 yre, Set 4lb (Charlton); Lord Eglintonn's
Glen noddett 1 yrs. Sot Sib Oferrieos); Mr. B. Green's Maid of My
9561, 3 Ws, re (Amok); Mr. lAtinote• 'Rill* Mute, S yrs, 441 71b
Norwood.)
Betting 6 to 4 opt Cawrotieb. 5 to 1 eget Prince Marne. sto I
B 1 Elecutor, I 2 to 1 ag Montoentier (taken), II to I
del, 11l to apt rumen.e 18 to I &get Paw Sarah, and 20ag toe G
lutl
(invasion. Won by a neck easily ; a nett between zeoond and third,
Glen Seidel fourth.
SWEIENITAILEA of 10 sows. each, and 2.5 lidded, T.Y.C.
(9 subs.), were won by a neck by Lady Mary beating =Ones.
Mather direy's Chicken own sister to Waoota, Lillie, br g by Charles
11E, Vignette colt, Our Ben, and Iltee Mb.
EE MA! ZEIT% PLATE Of 100 guineas, heats, 2 miles,
Has won cut by Crazy Lad, beating Otterburn, Reality, End Mentor.

tab) Itttelligmce.
EQUITY COURTS.
Before tea Vice-Chaneekte of England.
(311382(8 V. NORTON.—RACKHAR V. SII,DBLL.—LIABI-
- or TRUSTll3.—Davum or TgaTATOI.B OWN Ea-'
TATE AND TRUST Tbompron, the tes-
tator in these causes, died seised of certain freehold
sad by
estates
belonging to himself, and also certain trust estate',
hie will he gave and devised all his real estate whatsoeher
ver
and wheresoever unto his dear sister, Grace Thompsosol. to a
n,
heirs and assigns for ever, charged with the sum of
friend named Thompson. Grace Thompson, subsequently
believing that the trust estates belonging to the testator had
been devised to her, executed a conveyance
was now
of them to a
person named Benjamin Norton. A question
raised whether the trust estates passed under the testator's
will, and, if go, whether Grace Thompson was liable to make
good the value thereof.--Mr. Bethel), Mr. Stuart, Mr. J.
Parker, Mr. Walker, Mr. Lewin, Mr. Holt, Mr.
Campbell, biz. Rogers, Mr. Burden, and Mr. White
appeared for different parties intmested in the suit.—
The Vice-Chancellor edit his opinion was clear, that where a
person had an estate of his own and another estate vested
an him as trustee, and that person made a general devise of
all his estate but at the same time, coupled the devise with
some expression which would lead to a belief that he did not
intend to peas the trust estate, in that case his own
estate only would pass. It appeared to his Honour that this
testator, by charging all his estates with the payment of 501.,
clearly pointed nut that it was not hies intention to page the
trust estate. The next question wee, whether, as Grace
Thompson had by a solemn deed conveyed the trust estate
away, and thereby enabled Mr. Norton to get possession of
it, she on her representatives were not liable to make
good the loss occasioned. He thought it would be a
violation of justice if he were to express any doubt upon this
question ; Grace Thompson might have refused to convey the
trust estates, but having acted she could not now screen
herself from the consequence, and those who represented her
were liable for the loss occasioned thereby.
COURT OF QUERN'S BENCH.
Sittings at Sid Prins at Guildhall, before Mr. Justice Eric and •
Special Jury.
ACTION &GAINST TILE SOLICITOR OF ME TRT.ASLTRY.
TVIINII AND OTHERS V. Meurne.—This cue, which we
reported as to as it had proceeded on Wednesday evening,
was resumed and concluded yesterday.
The first witness called on behalf of the crown was Mr.
Henry T. Raven, who produced the copy of the register of
the baptism of John Turner, the son of James and Elizabeth
Turner, from the parish; of St. James, Westminster, dated
14th Sept., 1755, which stated that John Turner was born
on the 23rd August, 1755. This witness also produced a
piece of paper in the intestate's handwriting, stating that his
name was ' John Turner," and that he was born on the
23rd August, 1755.
Mr. George Delmar was then celled. He stated that he
was a solicitor ie Lincoln'reinn.fields. Knew the intestate,
John Turner, well. First knew him in the latter end of the
year 1812, and was his solicitor and confidential adviser up
to the time of his death. lie believed the copy of certain
letters in a book produced were in the intestate's hand-
writing. { A book was here shown to the witness.) He be-
lieved also the copies of the two memorials presented
to the Sun Fire-office to be in Mr. John Turner's
handwriting. Also believed the entry of the memo-
randa which were in the book to be in the handwriting
of the intestate. He believed the entries of accounts and
receipts to be in the handwriting of Mr. John Turner
(another book was here shown the witness.) After Mr.
John Turner became a lunatic witness made a most minute
search through the intestate's-papers. He found various
name* in several books, but did not find the name of Theo-
philus in any of them. The documents produced by Mr.
Raven were handed by witness to that gentleman. Mr. John
Turner passed a good deal of time with witness, and often
dined with hint. Ile appeared to have received a good
education. He read peculiarly well, and was in the habit of
reading a'oud. He never heard him pronounce any word
with a provincial accent; be never used low or obscene obser-
vations in conversation, and was a person of strict veracity.
Never beard him:during his mental life speak of his relations.
He never carried a stick with a gold knob, but generally an
umbrella, and wore pantaloons with gaiters and shoes.
Never saw him wear Hessian boots, or boots of any kind. In
1838 the intestate sent for witness about the disposition of
his property, and showed him a letter which he had received.
When witneu had read it, he said, " I don't wish the
Queen to have any of my property." The writer of the
letter advised the intestate to mske his will so as to give time
for some money affairs to be settled between them by instal-
ments. Witness then said if the intestate did not make a
will his property would go to the crown; upon which he
replied that he aid not wish his property to go to the crown,
but Was not then prepared to make a will, as he had not
made up his mind on the subject. On one occa-
sion the intes'ate said he wished he had married,
that be might have had an heir to leave his
property to. He often expressed a wish that he had
married. He was a person of pallid complexion—cer-
tainly not swarthy. His eyebrows were thin, not
bushy. He wore powder all his life, and wee of a
most amiable temper, but not free with his money. Witness
had received a legacy of 2001., part of 4001., from the crown,
being a portion of the intestate's property, and had given a
bond to restore it in case the claimants were successful.
Lessor-examined by Sir F. Thesiger.—Witness lived in the
same house with Mr. John Turner at Mrs. De Ittimiere's, is
Great Russell-street, in 1812. Had never heard the intestate
say that he had been a teacher in a school. Mr. John Turner
was rather a corpulent man, and had a twitch in one of his
shoulders. He was marked with the small-pax. The
"mental life" of the intestate closed in 1839; but his
memory had begun to fail before that time. The first time
the intestate spoke of his relations was not until the latter
end of the year 1839. The intestate spoke of his father, but
witness treated it as a delusion. He said the house in Hunt-
lekstreet was his father's, and the pictures there belonged to
her father. The intestate also said he had a half-
elite% but he did not recollect her maiden name.
He also said that his halt-sister was a teacher
in a school ; that she had a son who was a
clever Loy, and had been educated in Westminster School.
He also said hie half sister was a teacher in a school in one
of the streets at Westminster, which was kept by a person of
the name of Toogood, and that had she been alive at the
tithe she would have been 80 years of age. This was in the
Tear 1840. Had heard the intestate often utter the word
Sally," he called his servant Sally, although her proper
name was Lucy. Witness refused to COMOITSDICCO with the
solicitor of the claimants, and stated the reason in a letter.
He had made inquiries as to whether the intestate had any
relations.
Re examined by Mr. Hill—Noce of the papers of the in-
testate threw any light upon whether he had any relations.
The two memorials of 2tlr. Turner to the Sun Fire-office
were then put in and read. A scrap of paper in the hand-
writing of the intestate, in which he said that John Turner
was born on the 23rd of August,l76s, was also read, as well
as different extracts ana copies of h Oen from memorandum-
books kept by the intestate, and in his handwriting.
Mr. Sydney James ,Fletcher examined by Mr. Weleby—
Witness WU the assistant secretary; in the Sun Fire-office.
The witness produced the book containing the resolutions of
the directors, dated in 1787, and was about to read them
when an objection was taken by Sir F. Thesiger that such
evidence wee not admissible, inasmuch IS the company was
neither chartered nor incorporated, but that it was merely a
private partnership. Mr. Warren followed on the same side.
—After hearing Mr. Hill in support of the evidence, and
some questions being put to the witness regarding the course
of 'satinets pursued in the Sun Fire-office with respect to
parties becoming clerks in that establishment, his lordship
derided that the resolutions should be admitted as evidence.
The resolution of a meeting of the committee of the Sun
Fire-office was then read, which stated that the general rule
of the company that no person could enter their service above
30 years of age should, in the case of Mr. John Turner, be
dispensed with. The witness also read a resolution of a
meeting of the committee of the Sun Fire-office, dated 20th
July, 1825. The resolution decided that the memorial of Mr.
John Turner, praying to be allowed to retire, should lie on
the table. The witness next read • resolution dated Jan. 5,
1826, in answer to a second memorial presented by the in-
testate, praying that he might be allowed to reuse on a
pension, as he was incapable, through his advosiced age, of
discharging the duties of his office.
Mr. Llewellyn Wynne was then examined by Mr.Welaby.
He stated that be was a partner of Mr. Delrau,.. Was Le;
sent when Last came up to town to see OA intestate.
recognised him as his old friend; hut, although the interview
lasted for two hours, he did net ae.dress Mr. Turner as

MONEY MARE
SDA
KT.
TIMIT gvaaiNa.
The intssilies des hew essveatien bet weep
Daemark and derenney, the tint babiligense which
was communicated in the Dear Mesestihis asenehig,
had the effect of steadying the funds without sate-,
Melly influencing prices. Speculation, in fact, has
been so deceived by the entreat of events, and the
itnbna,t
anfodr
itthtes
p;urarsra
to be
understood that the settlement of to-morrow has
beairoairsut thlitiecalquiestY'
already been anticipated to the far greatest extent,
present unexpected
i t a
as the hooka of the members of the Stock Exchange
have been made up, according to the prices of the day
lately ruling. Consols were quoted during great part
of the day 871 to alternately buyers and sellers at
the higher rate. Towards the close of business they
improved to 87: to 1, but left cif 87Z exact for money
and to-morrow. Console were in a neutral position,
with few offers, and demands upon a email scale, but
the market was firm. It was anticipated that, at the
weekly board of the Bank of England to-day,
a movement would be made in the way
of a reduction of the minimum rate of dis-
count to 3 per cent. But the board separated, leav-
ing the rate as before, notwithstanding the specula-
tive vaticinations of parties in and out of the press. i
Reduced Threes, 871 to 1. Three-and-a-Quarter
per Cents., 871 to 1. Long Annuities, 8 13-16 t
to ;. Exchequer Bills advanced to 445. to 475.
it
premium. India Bonds, 265. to 295. premium. LI
This rise in the premium upon Exchequer Bills and a
India Bonds is no more than was foreseen, es in
general the receivers of dividends doubtful, in the j
first instance, as to the more eligible course of rein- 1
vestment, and desirous to gain time for information 11
and calculation, without losing interest meanwhile,
recur naturally to floating temporary securities such
as Exchequer Bills and India Bonds. Bank Stock,
1921 to 4i. ii
The foreign market was almost a blank in respect 1!.
of business, some half dozen stocks only being re- n
ported in which transactions took place. Spanish
Fives were 111 to 12 ; the Threes, 211 to 2 ; Passive, a
21 to 3. Portuguese, 17 to 18. Mexican, 161 to
171. Brazilian, 67 to 70. Chilian, 80 to 2. Vene-
zuela, 15 to 18. New Granada, 12 to 13. 1f
Peruvian, lower at 32 to 5. Dutch Two- M
and-a-Half per Cents., 44 to 6 ; the Fours, 69 to ;i
72. Danish, 66 to 70. Belgian Four-and-a-Half per '4!,
Cents., 66 to 70. Russian, 97 to 100. This latter
stock has been gradually on the advance for some
time peat, when all other foreign stocks were sta-
tionary, or even in decline. The apparent cause is
the demand in continental markets, and, as supposed, t
a quiet demand also to order of the Russian govern-
ment against metallic values transmitted here.
The late meeting of the Peruvian bondholders f
affords, by the facts developed from the report of the
committee instituted for the protection of Anglo-
Spanish American interests, a rather remarkable in-
stance of the absence of honesty and good faith in
one Spanish American state after the honourable
acknowledgment and redemption in the case of all
other of those new states, according to their means, of
their obligations. The Peruvian government, precisely
about the richest of all in natural resources, jolters to
pay 3 per cent. interest upon the principal of debt,
beginning from December, 1849, but the first in-
stalment of which not due till June, 1880, to
increase 1 per cent. yearly, until the rate
shall reach 6 per cent. as per contract of the
loans originally contracted. The arrears of
dividends unpaid for so many years, amounting to
1351., is proposed to be cut down into a stock of
1001. to bear interest from December, 1854, not be-
fore,
31
ppeerr
eceennt.t.it
sinhearneasid
riteigunlinp!rTeeneaent.
till
terms are sufficiently disgraceful for a government to
propose; but worse remains behind. Tin bondholders
are required to give up their present hold by bond on
the CUS.OMEI and all other revenues of Peru, in ex-
change for one-third part of the revenue derived from

guano.
These propositions are scandalous enough, but they
are more scandalous still when it is remembered that
the Peruvian government fora year before bad held
out the hopes, both officially and semiofficially, of re-
suming the payment of dividends in full, the question
in debate with them bearing chiefly on the means of
redemption. The South American Committee very
properly scouted the discreditable propositions made,
and as properly were supported by the bondholders.
We are enabled to state that, so disgusted was
Senor Iturregui, the Peruvian envoy here, with the
equivocal conduct of his government in this affair, he
threw up his functions, and has taken his departure
for Peru without asking leave of his government.
That hon. gentleman stated, that having been the
medium of assuring the bondholders that strict justice
would be done to them upon instructions from his
government, he was not the person to represent the
want of faith and perfidy of that government. This
is no more than what was expected by those who
lad the advar.tage of knowing that highly respect-
able and conscientious functionary.
ERRATUM.--In yesterday's article, there is an error which
the reader would readily perceive, in the statement of
64 per cent. French Rentes yielding 61 pe- cent. nomi-
nally." It should have been French " Five per Cent.
Recites yielding 61 per cent. nominally."
NNOLIPII FUNDS.
Bank &wk. 1921 4 India Stock, 335 9
3 par Ct. lied. Anus.. 871 4 3 India Bonds, OA°, 28
3 per Ct. Consol Anna, 6716 Ditto, wader fil,rtat 26
New 3* per Cl. Anna. 478 Consols for Opfer. 871+1
Lone Anna, esp. Jan. .1880. Each. Hills, Al,OOO, . une.
8 13-16 17 ti 5 9 March, 4ti'
Ditto, 30 years. Oct. 10, 1859, 61 Ditto. L5OO. Mara, 46
Ditto, 36 years, Jan..s, 1860,8 5181 Ditto, &Ball, June, 37
TORZION FUNDS.
Spa. Ct. arasnian Bonds, 70 3 P. Ct. 81..1•41 ltorids 211
Ditto. New, 1643. 21 per Ct. Du Ea, 12 gull.. 454
a ,rorr.flatittl dir. from
4 Per Ct. Dutch Certificates, 65 703
Ditto, Puerto, 3
EXCHANGES AND nom: ABROAD.
Racessui, JOLT 11—Belgian Loan, 1840„ 746 741 ; Ditto. 42, 78;
Ditto, 1644. 663; Mu°, 1138. ; Ditto, of We City. lot 3, 7184. Ex-
change on London, 25.64
MTWZILP J LT 11—treble:um on London, 25370.
.iris 6.—Austrien Vire per Coate.. 744 ; Ditto, Tour per
Cents., 64 ; Ditto. Three per Cents,_42 42: Ditto, wo and allal f per
Cents.. at. Loan. 1834.116: Ditto 1014 SC Moak SbanN6 1.05.

RAILWAY NEWS.
We had a fair market yesterday, but without any
particular activity in business. Prices were well sup-
ported generally, and Caledonians, lately so much de-
pressed by speculative sales, were on the rise.
RAILWAY BILLS IN PARLIAMENT.
LORDB.—LORD BRArrgefritif'ei COMMITTEE. White-
haven and Furness Junction Railway (extensiorr). Preamble proved;
clauses agreed to.
GRO JP 4.—London, Brighton, and South Coast. (Power
to purchase steam-boats). Case for promoters further considered.
CoBBoB6.—Gaut:r I.—Ediaburuh andcla Glasgow,idereand
1
Glasgow and Bathwate Amalgamation Rating uses consd-
Exeter and Fmmouth. Preamble proved. Lareashire and Yorkshire
(amendment arias regulation of capital). Preamble proved.
MEETING.—CITY OF TORONTO AND LANAI HURON.—
General MertioNg.—London, July 13.—Mr. Franks in the chain—The
report stated that nothing had occurred since the company was
formed to alter the opinion of the directors that the undertaking
would be a profitable one, hot under present circumstances they did
not think it advisable to take any immediate steps towards its prose-
cution. It was deemed desirable to wait till the report of the govern-
ment survey respecting the line from Halifax to Quebec was pub-
lished, and till the money market wash,. a better slate. The expenies
for the year ending the 25th of March, ISIS. were SW. ia.. sd , and
the balance in hand amountci to 2261. IS.. 3d. the report was re-
ceived and adopted. Mr. IL Behrens, Col. Read, and Mr. P. 8.
Butler. M.P., were re-elected directors.
OPENING OF PART OF THE WEST RIDING UNION. 1,
—The opening of a link only of that extensive wheelie el.'
railways in connexion with the Lancashire and Yorkshire Rail.
way, known as the West Riding Union, took place on %Vedas&
day. The portion of the line just opened is one which leaves
the main line at ?Airfield, in Yorkshire, and amends the beautiful
and pieturesaue .alley of Cleckheaton, to Low Meer, a distance of
about seven and a half miles. It is ultimately intended that this
branch ehall be carried forward, by way of Brainerd, to Leede (with a
fork stretching backward' from Low Moor also to 'Halifax, to which
town there is already a branch from the main line) and thus
become the main hne, in fact, tram Manchester to Leeds. The
acts of the Lancashire and Yorkshire Company embrace ttra
object, and the distance from the present terminus of the line
at Low Moor to Bradford is only a little over two miles, the
works on which are in an advancing state; and when the
whole line by this route Is completed, considered in connexion with
the Liverpool and Bury, very soon to be opened, the Lancashire and
Yorkshire Railway will be the shortest route 3rt projected between
Liverpool and Leeds. Like the Liverpool and Bury line, the Cleck-
heaton Valley link, opened on Wednesday, is looked to with some
degree of favourable anticipation, not only as likely to yield a large
parenvr and general goods traffic, but also a very large traffic in
Indeed, it is • singular fact, that era far hack as 1609 or
tot
1310, when locomotive 'engines were unknown, a railway was pro-
jectoi, and seriously contemplated, through the vale of Cleckheaton,
as a means, not of pasoenger, but of mineral traffic alone. In addi-
tion to yielding great accommodation to
will the nalsoeighbe a
bour-
hood through which it prows, this line
great boost to the extensive manufacturing town of Mulford.
The valley of Cleckheaton is studded with villages arid woollen
manu-
rectories, the Rest four or five miles having a populatif
30,000 and 40,000 inhabitants, Including upwardsof a hundred blanket
manufactories, and many woollen cUth and yarn mills. These vil-
ulages include Reckmonderike and Cleckheston, the drat with
suburbs having 10,000, and the tattler having stout 5,000 inhabitants.
Low ?door, at the terminus of the kw, is the site of oae of the iargeet
iron works in the kingdom, which alone will give a very large traffic
over thin and the main line, the consumption of time alone, procured
at Goole arol used In smelting the ore, being 20,0,0 tone per ann. alone.
The ironetone and coal are procured on the epot, at a depth of flirty
yards only, and so far as the consumption off the work. are conoerned,
will not benefit the company; brat • st surplus of the eoel is
raised which will poo over the line, and espesially towards
Bradford, when the extra two miles of line, which ism progiess,
shall be opened. In fact the tonnage over that part of the line (to
LOW-MOOT and bact) is estimated at 122,000 tore. The value of Low-
moor iron may be gathered frum the tact that whilst timber Iron of
Stafford imam selling at GI. 10a per ton, that of low-moor is selling
at 161., and Its pig iron at 71. The excursion train, after pursing over
the whole leasat of the lin% returned to Cleckheattel, drawa by Mfr