The Express.
London, England, 1849-09-06 00:00:00

RAILWAY MEETING.

LANCASHIRE AND YORKSHIRE.
Tate day the half-3 early meeting of this oempany
ems hell at the Zuhaage-now, Maachattar, U. Houum-
weans. In. in the shalt.
Tile report @Med :
The asauts W the NA of Jess Lot elbow the follawiag
2660116
Ooital roolool an wens/ of alb /6,961,131 17 3
Ms 6 Pfr ant. Prolsieurs Nook
2,306 792.477 1
10 •
707 1
210•1 nabs& ....... :0,1147K IS
MD is wOO.

nu Wel NOM walla Ike woweeety r.atwerm
le idle. Welles She woes by puha-
mot lathe bet ra, setiewie 414004015 0 0
The olaweled weft le whisk the Ileslete
theodiee. Is *We suiteweet dr ohm-
On teth MI6 tor dm
smiledea =of ail the verbs am pregeme.
mos IMAM 0 0
The mind entity op to the baba Jam lit was 10,0118,082 • 0
The below et estimated 'easy yet to expend 1,100,111 0 0
no liars represented by toe above sapital, empties about
20D miles of railway sad 16 mike of *Baal.
Your directors bays no name to think that the comple-
ties of the contemplated objects will involve a larger eatley
than the foregoing sum, and, as stated on a former oaeasioa,
so expenditure beyond that lam will be incurred telltale
the express eauct.oo of the shatekeideve.

Wilke appal actually eziledUl7ft is eatiiikd that
the total amount &useable as menu to the
SOU Jeer, ISM 111 /MAIM 0 0
Total charged to 3lat Dumber. led. 5,134044 0 0
Addlikaa asSibla Wee& Whet mum la the is
meths errs hue ar. ISM gt,e2hlSS 0 0

ns fetal resollds tb;1;117-eor, taZidlas lbs
bend bale, bow Moo—
Ifldtrati
ett hem doe lliarritastor end Leon
end Dena fnolud=o.
Mob
bailee teaselmand elossioes
sad the Mai hag 279,3i6 11 9
371 Wasisid, 11111111114 end OP*
bas MINIS 16,5) 1 0
311 LiveTlrpool sod eery Iles Owe
ftbeesoloonennodes,lest
Waage *nisi at Ur Nab.
.disatir sal emaport tiln) *235 II 1
276,061
10
10
137
34 North Vona, I'-loor slaty. 111 -
Midis
262 Mona sod Wore, lade 11,423 13 11
• 7e,033 14 1
2061 Mine
tent IMOMIO MIMI Pale lir the oix soothe £310,115 4 11
looms kr the pionoleo de needbe £104,379 0 0
---
no amid emparetire details a trails which it hen been
the practice of this corapeay to embrace in the reports are
esispendsd for the present, es they cannot be made oat to
afford say lord greaud ofesaparason so long as the trails is
andergoing the awe" incidental to the opening of new
Base end brooches. The following facts, hnwever, are re-
Ended as literati spina the ovation of working tiptoe's :
Total pooonson, lot Jesi ... 130,686
lad Pre ... 44.239
Sid 10132,744
2,167,671-I(ileags 24410,736
To goods 643,736—Mgeope 13,076,774
Mks nos b poonoper mean 11113,137
LlOne by pain endues WAIN
IMP mike roe by engine

1119 werther melon (exclusive a rents end taus) I S. d.
enanst to
Ilbostag Is harem over themeless az issiths ot 17 per eat.
TM est se rev by sepals hays Iseresesd
The lengths( lisp worts( has ditto

Although the proportion of working expenses to the re-
ceipts is invariably greater in the fleet six months of each
year, sad the opening of new lines saute, in the first
instanter, an increase ed expellees irrespective of the amount
of traffic, yet the above eh .rge is larger than your directors
anticipated, and • renewed investigation into the various
items of working expenses is ia program, with the view to
every practicable reduction. They btlieve, however, that
by far the meet important means of reducing the working
set will be found le arrangements with neighbouring com-
panies to @upside umprolluabk duplicate trains.
In addition to the usual expenses year directors have to
report, with deep regret, two bedew defeleadeee amsaget
the servants of the company. In beth eases the company
had security to &email comparative newt, whisk will be
recovered. Theists lose Is the more to be regretted, elate
the magnitude dike sum is attributable to the aghast of
definite instructions laid down by the beard he the saps:vi-
sion of all parties receiving money as behalf of the isempasy.
Every additional preceaties whisk experiesee ma suggest
new in operatics to proves* yea asses is foram
The depredation amount has been opened I. sematiamse
with the plan approved by the shereheiders at the
het half-yearly meeting, sad all is.. he is—'-- meat of
Meek sines the let January, 1849 lave bees debited to it ;
bate the hada to 'over rah outlay ate divested to be takes
hem the imam of the later bell steed yew( the amount
geememelly amemer ma marl abarestere mid will appear
sal/ whit the elceleg_aesseata of emelt year.
The Preston and Wrre and Meth theism lessee sessinta
have hitherto been dealt with in the same manner, for m-
oons explained in the September resort. 1847; sad your di-
rectors propose, with your sppronl, to continue to present
seek iseopts wally a heretofore.
Oa the subject of the proper amount of revenue to best
aside for the purpose of maintaining the permanent way
and rolling stock in an efficient condition, a statement is
preparing, based upon the experience of this company,
which will shortly be added to she f and of information
supplied by other eenspeaise for determining this important
point. In the meantime your directors see no reason to
change their opinion of the sufficiency of 6 per cent. of the
receipts tsi cover the average charge for renewals.
The balance of the half year's revenue, applicable to divi-
dend and interest, amounts to 156,2041. 7.. 4d., a sum lea
by about 15,0001. than was expected at the period of the het
half-yearly meeting. This result, indicative of a slower
development of the traffic in the current half year than was
hoped (or, together with the additional consideration inti-
mated in the last report, "that a gram income of about
316,000 i in the present six months would be required to
sustain the late dividend," has induced your directors to
reecnurnend, on the present ecomten, that the dividend be at
the rate of 4 per cent. per annum, which will leave • balance,
after providing for the defalcations before named, of
22.8881. 7e. 7.1. to be carried forward to the next account.
Your directors are persuaded that, although the retards
of the company afford an insists of • rapid expansion of
traffic and income to the extent of nearly 40 per cent. in two
years, a.mmeneing under circumstances not andante from
those which characterise the leading interests of the country
at the present moment, yet the vales of your property will,
for some time, be estimated las by proepeetive comideratimu
of this kind than by the provision made to e Wise the divi-
dend during the perioi of depression. Your direesess, there-
for*, confidently look for your concurrence is earryisg for-
ward a larger balance at present than would Sheathe be
required as one means of strengthening the grounds cm which
confidence may be built.
By the constitution of the fifth shares the dividend upon
them will be subject to the dedumion of 21 per cent. (or the
half year on the amount uncalled.
The dividends on the other classes of shares will be as
follow :

S ad.
Guaranteed Aldo yr 10e
Gedtesry reek par M. eoaealliend
NmeNtior =LOAN WA aim% ea lid eaded up
Ilanabiem ad Leib Ilk obreao ea 91L ailed up 1 1 es
NosearAte awl Wile NL lailaa 411 *Laid up
Ilasaleanar and Lek SISL elan% al fed. Mead up ...
Nair and lasi SA dierao ea lL paebeellre Si
Meneharrar and Leda K. So dem la R. So ealkd tip
Vat Masi Thies SUL ukase. an li. 21
'IMAM and Gude W. iNiono • Nrcgirlwuip ...... 0
Weida nal Gude Sid dm% 4a M. laded up
LiverpoolAd sod !tr
W y SOL
OmAO% pet 41144
los eer

It is tight to spans tin so additional capital derived
Avon the extensile or Wed Riding Union sham earn into
beeelisial °punka is the rain eftbreeed in the present
aseasats.

ate mWm W. R. taioa.
TY total mho cm Ms Merlon shares, X X
ammo! up lo the SOth Ohms, smooat
to 692,910 790,000
Of white ma mpsadsa oa works sot yet
Iroilootlys 1111,322 417,000

Leaiii,i vdtradostive, et la Mad Of 1M MOW 374060 333,000
so psid as IL Nalsalka sad Si.
Rat Wan Unica. WO mow

Balsam la boa az la /mar to mat cur-

39 ISI 33,000
Tea espere..
The iseressod acciddenot in the perfect tad unrxceptien-
el tie security afforded by the debentures of the
oh ler companies, strengthened es it Pm by the rash •
the ordeal through whish they hare rosently paned daring
the late period et unspaplat ipreeseee, has seabird lour
dir, wan to eztingahh, dna she pried to which the an-
nex, al areenots refer, at the illnestrate of lateral, 407,7121.
of bc ad leans, leering ea this eaccant a sum of 50,5001,, tae
origin lei Ira ef whisk ha net yet expired.
The to debt at tide date, deducting
loom a aerwod by shares bowed is
Whilst the works and property of the econpany
hare . Wit • •

•
You limeeeves have to report that the bile foe the ext. -
eke ef the Albin Deageh, and for weeder is the Load:a
sad Meth Wafaela llway Company their parties of dm
Pastas sad Wyse pieelsee, whist' the shareholders am-
timed at sh.dr het .Ni,am lave received the royal meat.
Urger W preeliess of the foam your directors have
seemed by essesisiat Me Ile Imam sad North Weems
sad abdisid Oommelse, • esmausiesdes will the Had.
desiMid esd llmmbrear Railway, at Sta ever ea
istmewim peaks eflle Mariebseter sod She Railway,
Rail way,
at a met amblers* km them the premed esday for the
Messiest awl ell& renders that iamb= mammary.
The ass aim swabs Imyerteat duties la /Menem to the
Lryle md te the movie zed reMse of shafts
_ oder ef these_ meelised tharsholders
maim Ileperisedr dm et ewes 'IN &millepedes of
seialkesd tb llMMalli_.s.aminuela Jae Mask I" sham
pagan a nosi dos
e for
Abet to NI problem. The set selherises the
se sadi-
st MUSK to so Ufa sha mural
rindele 1/1 168
Maim ilea et aipsesuatinne sad Maibil Ike st

der.firld, and the uprise tf the sommenication at &sly-
bridge, the whole of which are included in the Winsome et
expenditure pieta in the Sawicki statement of the lOch
November, ISO. It is proposed to teise this additional
capital as it may be required by martme, and a resmatios
to thatedlest will be entositted to the meeting..
For infarmation as to the state of the various works In
=peer dismiss Mg to refer to the annexed report
enikere.
Bythe mastoi fird
the Methley bras* sempietes
the Wake Pert*sa, sad Goole Railway, sad by the
eimattenesies speak, of the Great Mothers line between
Italked emillkonesster sad the completion at an early
Xnettiniley breach of the York and North
peeled of
w Beltway, the meat direct route between
ILesla-
shin sad Lode, Bradford, Wakefield, and York, will bi-
ded' 20 miss of the Wakefield, Pontefract, sad Gook Rail-
way, sad will bring that undertakes late faller
whilst the early completion of the Sheffield, Barsielle7,arnii
Wakellebi Boilw_ay, by which the Port of Gosh will be cen-
sored with the Baraaley coal field, will farther promote the
traffic.
Your direstors have to state that important traffic arrange-
ments have been recently entered into with the Loudon and
North Welders Company,whick it is hoped will be mutually
advantageous, and will eventually tend to lessen working
expenses and save capital. Your directors, however, find
with regret that some et the competing interests in the dn.
triet are sot at present disposed to an amicable settlement of
traffic questioos, sad a MUom reduction of rata has re-
cently taken place, whisk any require temporary sacrifices
to meet.
The question of a government audit of railway accounts
is now in • position to call tor some expranion of °pintoes
both on the part of railway directors and shareholders. Your
directors avail themselves of the present opportunity to state
shortly their opinions upon it.
Railway prty cannot attain its legitimate value with-
out the emablishaseat et priest esaideses la the
of the accounts, and cortemnees et the primdpilm 1101:=
they are made out ; sad whatever steps are essential far this
it is the internist the company to adopt, sad the
Lusitroldireetors to presets.
the question mottos itself into the bast means to effect
this neemeary object; and judging from the peeved experi-
ence of government interim-mos la communal affairs, and
the expense and obstruction which their intervention una-
-voidably offers to the course of lensinem—your directors can-
not concur in the propriety of admitting such external inter-
ference, until it is roved that an effective audit cannot be
steered in a manner more consistent with the freedom of
actioa an which, as opposed to the rigid system of govern-
ment imperil ion, toe sums of commercial enterprises
mainly depends.
The supervision of auditors appointed by the shareholders
is sew to this easepany, but the energy with which the gen-
izerp=seed at the last meeting have pursued their ai-
med the Independent expression to the directors
of their arida" whisk will no doubt be conveyed by them
to the siterabeidees est the present occasion, strongly confirm
the view tetynnr dlesetees that the company contain,. within
itself effieked mesas M aierect or vindicate the accuracy of
its atteseale.

It is the egbisa of your directors, moreover, that the
chief gnus& ea which the alleged necessity of a govern-
ment amik rule are of a temporary character, incidental to
the maistrosthe period of railways, and due, in a great
memos, to the too rapid development of the undertalungs,
and a eertaka mutant of inexperience, inseparable from all
new enterprises. They believe that thh evil is fast being re-
medied by the companies themselves, sad that if pedalo
questioas of principle—or rattier of practice—on which
some difference of opinion has prevailed, were authorita-
tively settled, and an uniform daseificatioa of wonder es-
' panes, and a form of half-yearly accoluits agreed up" and
adopted by the lead*: companies, to facilitate comparisons
between the results on different lined, the shareholders would
be enabled, with the powers they have or ought to passers,
to adomplish the object of as effected audit without the in-
tonalities of a government officer.
The CHAIRMAN then said—The result of the half-year
had disappointed the expectations which had been formed of
it; and the seatianed reduction of the dividends must ae•
thetarily suggest to the proprietors as anxious desire not
only to learn the reasons which had led to that unfortunate
result, but to be 'heed ia a position to judge bow far the
management of iiadertaklags has be .n conducted favourably
to their interests. He kadjuo hesitation in ascribing the &mo-
ral reduction in the value of railway property primarily to
parliament. He contended that it was owing to the undue
'atomic* of railways. and endue rapidity of development,
which were caused by the gambling principles which indi-
cated the dealings of parliament with railway undertakings
in the makes of 1845-6. He would my from hie own ex-
, perigee*, if the original Manchester and 'Lied. directors had
confined themselves to the original scheme, and not sought
any extension, that was the course from his subsequent ex
panne* he coaddered best. (Appkam.) Tiny staded
trom the ant as laying down a trank line in a large and
populous diploid, for the purpose of promoting, not only
their own advantage, but that of the district generally ; and
their desire was to connect the eastern and weedera sees.
They endeavoured to may oat their purpose eomombrally,
but parliament would not allow them. Their first intentions
were to have a branch to Huddersfield and Bradford, which,
including the parliamentary expenses, would involve an
expense of a million. They were scouted in parliament for
the poverty of their plans and the want of moontisodafion
they abided. Next year they were obliged to head
to that feeling, they combined with certain parties in the
West Riding, and carried to parliament a scheme involving
an expense of a to and a half. The Board of Trace
' examined the scheme, and pointed oat its advantages; but
parliament mooted them a second time, and he regretted to
have ems such non as Mr. Robert Btevesson and Mr.
Locke stepping low the Iv itatimbon in tosiclosustios of it.
Then, they protested against the rates imposed upon them,
as being totally lormeandeable with their experience ; bat
parliament told thus, in as many words, There is your
bill, there your rates ; you do not accept the rates, well
have nothing ;to do with the bill." After a few
words in suFport of the proposed consolidation of the
company's stock, the chairman concluded by moving the
adoption of the report, and of the amounts up to the 30th
June lest .

Mr. W. MARSHALL seconded the report.
A long discussion took place as to the accounts, in which
it came out that the 101,0001. standing as the balance in No.
2 capital account was not a cash balance, but to tlie extent
of 46,0001. consisted of stores which had not yet been brought
into use.
The CHAIRMAN said, in reply to a question, that no
larger proportion of the West Riding or the li:tension shares
wo ild be entitled to a dividend, this or next half-year, than was
at present divided upon. The amount to be celled up on the
West Ridings would be 131. per share; but that call would
be extended to the amount which the shares in the hands of
the company and other parties not paid up might fall short
of the capital which would otherwise have been raised by a
pa; went of 131.
It was five o'cloak before the resolution could be put to
the meeting (which had commenced at 12 o'clock), and it
was then agreed to.
The following resolution had been submitted by the
chairman, when our reporter left, and would, no doubt, be
agreed to :-
That a dividend be now declared for the half-year ending'
' June 30, of 51. 3d. per share on the guaranteed 101. shares;
of 21. per 1001. stock, and so In proportion on such of the
Manchester and Leeds 61. Se. shares, and the Wakefield,
Pontefract, and Goole 501. and 251. shares as have not yet
been paid up and converted into stock ; of 11. 17s. 21d. upon
the Manchester, adios, and Bury 1001. shores; of
11. lit. syd. on the Manchester and Leeds 1001. shares; of
17s. 71d. per chars on the 601. shares ; of 7s. Old. per share
on the 261. shares; of 3s. per share on the 201. shares (or
fifths); of 21. 91d. on the 321. shares (or extensions); of
Is. 2ld. per share on the West Riding Union 201. shares ;
and of 7s. 6d. per share oa the Liverpool and Bury 60&
shares, deducting income tax; and to be payable on the 25th
September inst.
There were some other reeohOons to to eubroittei.

IRELAND.

DU3UW, Szrrsusza 6.

The Reeman of this morning has an article on the
meeting and report of the General Relief Committee
and Citizens. The labours of the committee have
been brought to a close, and they have won by their
benevolent exertions the hearty eimmendations of all
classes of the people. The liberality with which
funds were provided is loudly praised. " If the
committee had not been seconded by the exertionsl
and sacrifices; of the citizens (says the writer in the
Freeman) thousands of lives would have been wasted
to the grave, and fur them the harvest had been fruit-
ful in vain. Had the humble treasury not been vigor-
ously recruited, the chancellor must have resigned, and
that steady current of 101. appropriations which we saw
flowing, constantly and cheerfully, since the first week
in May, must have dried up. The treasury was drained
and as often replenished. The last ebb was the sig-
nal for fresh efforts, and exhaustion was followed by
comparative abundance. In this holy duty the citi-
zens of Dublin distinguished themselves to a degree
which raises them high in the male of humanity.
Considering their limited opulence, there is no class
in the empire which contributes more in private
charity, or to the support of institutions of a chari-
table nature—and when we find them, in the short
period of four months, subscribing about 12,0001. to
the two committees which have been sitting in this
city, in addition to the large sums forwarded directly,
and through our office, to the Archbishop of Tuam,
all will admit that the industrial citizens°, Dublin have
walked nobly before " their great taskmaster's eye," and
proved their chime, one and all,to national benefactor-
ship. Among the upperchuses few comparatively under-
stood, or at least, executed their duty. Some, however,
are gloriously prominent. Lord Cloncurry, the large-
ness of whose heart is in advance even of his splendid
fortune—Richard Deventer' of Wexford—Mr. Er-
rington of Kingstown—and as contributors to the
central committee, Lord Dufferin, Sir Arthur Brooke,
and others, are to be found on the side of munificent
charity. These names occur to us while we write
—many more might be named if it were never
easy for illustration or argument—bat as a bed ,
the higher dames did not respond to the call,
and cut tke burthen wholly on the ehouldo-s of
the middle sad poorer dawn. And theme did not

refuse it. Mr. Moller bears no coronet on hie oar
riage, but his unpretendiog character bears the nobler
coronet of Christian charity. Through the hands of
that ornament of the middle class of Dublin come the
large sum of seven hundred pounds. As he banded
in his petiodie roil of notes to the exhausted fluids of
the committee he said he was the simple medium
which conveyed the offerings of anonymous benevo-
lence. Are we not to believe rather that an unosten-
tatious modesty triumphed over the applause which
was sure to follow this generous d epos& of his own
property, and that Andrew 0. Moller was himself the
munifioent donor ? We do believe it. Such citizens
reflect honour, not on Ireland alone, but on human
nature." _ _

The Than Herald has another awl report on the
subject of evictions. One work supplies the following
cues :

On Monday, the sheriff sad police were engaged in taking
possession of the lands of Coroban, the property of R. A. H.
irwan, Erg., where eight houses were levelled.
Oa Tuesday, on was taken of several houses on the
property of W. Lawrence, Esq , at Carangseby, but we
understand they were not thrown down.
On the IMO day, Uwe' houses were levelled on the pro-
party of Mr. Oliver, at Kilsaceelly.
On Wednesday, thirteen funks were ejected on the
Killaloeaty property, by order of the Courts of Chancery,
airs of the houses werelknoeked down.
Oa Tharscla at Clookeely and Dogger, the property of
Crean Lynch, Esq., 43 fanulles were turned out, and 18
houses were levelled.
Oa Friday, on the Belmont estate, we have heard that
upwards of 100 houses were taken possession of, 34 of
which were thrown down. This property is also in the
Courts of Chancery.
Oa yesterday and to-day we understand a large number of
houses were thrown down at Lyle and Carantaniass, which
are likewise held under the Chancery Courts.