The Express.
London, England, 1853-01-19 00:00:00

AND CARDIGAN RAILWAY.

A meeting of a deputation of the Board of Direc-
tors of this company, and the landed proprietors and others
interested in the undertaking, was held at the Black Lion
Hotel, Cardigan, on Saturday, the Bth inst.
The chair was taken by the mayor, T. WINDSOR,
Esq. The meeting was very numerously attended, and
amongst others we observed all the influential gentlemen
over whose lands it is intended to take the Eroposed line.
SAMUEL Canaan, Esq., one of the directors, explained
to the meeting the advantages that would accrue by
railway communication between Carmarthen and Catdi
ran—the want of which had long been felt by the po-
pulation of the country. Independently of the large
mineral trails which at present exists, it will be seen
that the whole trade of the Death of Ireland must
be brought upon the line. Cardigan Wog directly oppo-
site, and the nearest port to Werford, Waterford, Sc. Sc.,
to which country this railway will afford the most direct
communication with the very centre of the kingdom. Im-
mense quantities of lime, anal, and eulm, as also cattle,
sheep, pigs, and farming produce, together with general
merchandise, must necessarily be borne over this line for a
considerable distance, and which, from the most careful cal-
culations of MSc taken on the spot, is estimated will res-
lies a dividend of upwards of 7 per cent. Cardigan em-
ploys a fleet of nearly 600 vessels, varying from 23 to 160
tons each, which are constantly carrying merchandise to and
from that port ; the whole of the imports, and a great por-
tion of the exports, must pass along a great portion of the
line. Mr. Crosse concluded by informing the meeting,
that when the proposed harbour of refuge be completed at
Cardigan, a vest increase of trade would be brought to that
port, and consequently the traffic upon this line would be
augmented to a considerable extent, and that it was in-
tended to apply for a charter of incorporation for the for-
station of the same forthwith.
JAYS/ RICHARDSON, Rell,e C.R., exhibited plane and
sections, and pointed out to meeting the proposed route.
The line Is intended to ecenneues by a junction with the
South Wales Railway at ClRVlSidbill, ea taking Its course
northerly along the °lan and Carved valleys, will thence
pass by way of Llaadhaegel, Llaadysil. and Newcastle
Rmlyn, to Cardigan, thee frrmiag a direct means of com-
munication between the aseth-westarn portion of the Welsh
oast and the metropolis, es also the whole of the manufac-
turing and comeseriet awl& throughout England. In
length the line will be about IA miles, it will be constructed
on the broad game and no engineering difficulty presents
itself beyond that of usual occurnmon
OwlIN Bowser, Req., the seasetery, produced the petitions
to parliament in furrier of the NO ler *eater% end the
same were signed by the landleemers and ausietrates and
others preseat.
It was proposed by D. Davies, BK., justice of the pesee
for Cardiganshire and Pembrokeshire ; and seconded by
Alderman T. Darns, that in the opinion of this meeting
the ezplations of the directors of this railway and the engi-
neer were very satisfactory, and the meeting pledged them-
selves to support the formation of the railway by taking
'shares, or otherwise, so soon as the act for constraoting the
railway shall be obtained.
A vote of thanks to the Mayor, also to the deputation,
was proposed and seconded, after which the meeting closed.

A similar meeting was held at Newcastle Emlyn, on the
previous day, E Li. H. litswilliams, Esq., in the chair,
which mat with squally encouraging support.
A third meeting was advertised m be held at the Ivy
Bush Hotel. Carmarthen, on Wednesday last, but owing to
the Quarter Sessions being_ held at the same time, added to
the dreadful inclemency of the weather, the attendance wee
but limited.
The petition to the House of Lords and Commons, pray.
log for the construction of the line was signed by the
Mayor and a number of the most influential inhabitants,
and we believe the deputation was fully sati,fled with the
result.

PARIS TO

RAILWAY.

The first general meeting of the shareholders of
this company was held on Saturday, in one of the large
rooms connected with the terminus Li the Rue d'Anuter-
dam, Count de Chaseeloup-Lanbat, the president, in the
chair. The following directors, vie., Count de Kersaint,
Viscount Napoleon Dachitel, Viscount Denys Benoist-
d'Asy, M. H. de l'Eapee, jun., Mr. B. Blount, and Mr. W.
Reeeedd were present. The meeting having been declared
sufficient in number, M. Mink and M. Ebeling, as the
largest shareholders resent, were requested to perform the
functions of scrutators, and M. de Senville to set as secre-
tary. The Chairman then called on M. Thibaudean,
counsel of the company, to read the report.
This document consists of three parte, the first relating
to the formation of the company, and to the powerful emirs-
lace given by the Rouen Company to that effect; the se-
cond, which speaks of the amalgamation proposed between
the Cherbourg line, and those of Rouen, Barre, Dieppe,
and the Western ; and the third. giving an amount of the
measures taken for the execution of the line, of the expense,
and of the probable return on the capital expended. On
the first part, which has been already more than once
brought before she notice of the public, it is unnecessary to
dwell, as it is a matter well known to the world that the
difficulties which so long prevented the execution of the
Cherbourg line were only removed when it was known
that the directors of the Upuen Company bad given the en-
terprise their decided co-operation. In fact, it was only in
consequence of that circumstance that the government eery-.
ceded the liar on its present conditions, and that the sober:rip-.
tion of the shares was at once filled up. A part uf the shares
having been reserved to the shareholders of the Rouen Com-
pany,about.4oo of these lattersubseribed (or 15,000. The whole

capital of 60,000 shares was divi led at first amongst 903
shareholders, and since has been thus distributed:—b76
!shareholders holding from 1 to 19 shares, make up 6,064
shares; 478 from 20 to 100, 25,558; sail 114 holding 101
shares and above, 28,378. With respect to the **goad por-
tion of the report—that relating to the amalgamation—the!
board of directors of the Cherbourg Company is declared to
be most anxious to join in any measures likely to draw
closer the bonds already connecting it with the Rouen
Company. But in affairs of this kind, where the interests
of various companies are concerned, difficulties sometimes
arose which a mere theoretical examination could never'
have anticipated. It had been found necessary, in the
present case, to examine the subjrct of the amalgamation
at great length and in various points of view, and, up to
the present time, nothing had been decided. Two dile-
gates had been appointed by the Cherbourg board
to meet a like number of delegates from each of the
other companies interested, and the matter was mill pend-
ing. Thu third part of the report commences by stating
I that the direction of the works had been entrusted to Mr.
Lucke, who had been the head engineer on the Rouen line,
sad who had executed several important lines in England.
At present all that was to be taken into consideration was'
the first section of the line—from the point at which it
qaitted the Rouen Railway as far es Caen. As to the
mond section—from Caen to Cherbourg—it was to be con-
structed according to the law of 1842, that is, the state pur-
chasing the land and making the line, whilst the company
laid down the iron way and provided the working stock.
As the government had not as yet come to the decision rela-
tive to the route to be adopted for this latter section, the
company had for the moment to leave it out of considera-
tion. As there were certain difficulties of execution in the
section of the line to Caen, the board had thought it pru-
dent to accept an offer made by the well-known railway
contractors, Messrs. Petri, Betts, and Dewey, to execute
that part of the line, d furfait, tor a sum of 25,700,000 fr.,
the company being chargeable only with the rails and
chairs, the sidings, the statious, the turn-tables, and the
working and stationary stock. The total expense of the
first section had been estimated by the government engi-
neers at 62,0.10,000 fr. The board had taken that sum as
the basis of its operations, and as the groundwork f,r
forming an estimate of the return on the capitol. The
above treaty was under the valuation thus made; and, in
addition, the ,board had entered into contract. for the rails '
and chairs at prices inferior to the original calculation.
The rails were to cost 2501. the ton, and the chairs 1631. the
ton being lower than such articles could be at present fur-
-1 skied in England. The whole amount of this contract
!mos 4,600,600 f. The interest on the capital to be paid
daring construction was included in the 52 millions; and
ea le the (liana expenses of administration, the board
had yeevided for everything relating to that item
Uy Iseetracting with the Rouen and Havre compe-
ting to furnish all that might be required fur a sum of
dILOOIf. a year. In consequence of these various arrange-
ments, the board felt confident that the original estimate
world nut be exceeded, and hoped even that some economy
on that sum might be effected. As the state accorded a
subvention of 16 millions on the first section, there re•
mained 30 millions at the charge of the company ; but as
the amount which it would have to pay on the second sec-
tion was about 12 millions, the whole sum at its charge
would be 48" millions, or about 152,00df. the kilometre.
The report then enters into calculations to arrive at the
probable revenue of the line, and comes to the. conclusion
that it ought to amount to 8.69 per cent. on the capital
fur the beet section, and 9.15 per cent. for toe second.
By the terms of the statutes, the concessionaries
were to be repaid the expenses which they had
'.incurred antecedently to the degree approving of the
statutes, the first general meeting having to examine
the documents brought forward in support of such
outlay. In the present case, not a sou had been expended,
and the meeting had consequently no decision to come to
en the point. The report concluded by referring to the
yearly allowance to be made to the board of directors, and
proposed that the sum for twelve directors managing
a line of 317 kilometres (198 English miles), should be
46,000 f.
The reading of the report having terminated, a stormy
discussion ensued, sustained chiefly by MM. Macavoy and
I Klett, who demanded the resignation of the entire board,
lon the ground that the present directors held positions in
whet. companies incompatible with their duty to this ; and
by M. Benoist d'Asy, who declared that the members of the
Cherbourg board were completely independent.
The meeting, being consulted, decided unanimously,
minus two votes, in favour of the board, The question of
according tke 65,0001. a year to the board of directors was
then decided in the affirmative almost unanimously. A
Voice—" We also pass a vete of Bunks to the board."
(Yes, yes.) The proceedings having then concluded, the
meeting separated in considerable agitation.

ENGLISH AND IRISH MAGNETIC TELE-
GRAPH COMPANY.

The first general meeting of this company, which
has been incorporated by royal charter, took place at their
offices, 1, North John-street, Liverpool, a few days since,
and was attended by • very numerous and influential body
of shareholders. There were present Joseph C. Ewart,Esq.,
chairman; Edward Cropper, EEL. deputy chairman; and
the other direct in. The royal chilrter of the company lay
on the board table, and was an object of interest to many,
who for months past had seen all attempts to bring out
telegraph companies, beaded by a promise of royal charter
and limited liability. The document was the more satisfac-
tory to the shareholders, from the fact of its being duly en-
dorsed and certified by the proper authorities, that all its
required conditions had been fulfilled.
The directors entered into a full explanation of the
origin and incorporation of the company. Mr. Henley, the
patentee of the invention, and a few friends, had obtained
an act of parliament under the title of the " Magnetic
Telegraph Company." The indispensable clause of "limited
responsibility" not being included in this act, no further
progress was made for some time—until a few gentlemen
determined to give this new system a full and fair trial,
subscribed the necessary funds, and laid a complete under-
Lround line of telegraphic communication between
iverpool, Wigan, Bolton, and Manchester. After two
months' of successful working, and having ascertained
that a charter could be obtained under certain
strict conditions, they purchased the rights and privileges
of the patentees, and brought out the undertaking with the
shove title, the authorised sapital consisting of 300,0001. in
6,000 shares of 601. each (with certain powers to increase) ;
and 3,000 shares were at once planed among private friends.
The capital account of the company, including the amount
received from the deposits, and particulars of its expendi-
ture, was then submitted to the shareholders; and after-
wards a separate account, showing the net from the
eerarasoications ea the experimental line, which gave satis-
factory indications of the continued and increasing success
of the line.
The engineer's report was then read, girths the number
of miles of telegraphic communication constructed and now
in full operation, the lines nearly completed, and the con-
trasts in course of progress connecting the following towns
—Lines completed, connecting Liverpool, Wigan, Bolton,
Manchester, Proem Coln*, Blackburn, Accrington, and
Bury ; Edinburgh, Greenock, Paisley, Glasgow, and Car-
lisle; Dahlia, 111011lagar, Athlone, Ballinasloe, and Gal-
way. Contracted fee and in course of progress, between
London, Bina 'Wolverhampton Manchester, and
Livte; and tedies, Belfast, Lisburn, Moire, Ler-
gas .anWk.. IfewM, Dundalk, Drogheda, Navin, Dahlia,
Kildare, Carlow, Mow, Tipperary, and Cork, in Ire-
land. The line between Preston and Portpaletek will, when
laid down with the ratimulate gable, complete the company's
chain ef communioatissomil seemem together the three
whale of the United Ilaideut, wag about 1,200 miles
ef ementweial telegraph, seclusive of die lines of telegraph
eanstrusted by this company foe the Mommodation of
railway companies. The great trunk line now being coa-
-1 stracted between London, Liverpool, end Manchester will
consist of ten wires, thoroughly insulated and protected,
and laid at a depth of two feet underground along the old
sal road,.
The wheelies was then made special, according to notice,
es reposi bthe deed of settlement, in order to obtain
lie eattetles of the proprietors to the various arrangements
Iliende by the directors, and the necessary resolutions were
posed unanimously.
After a vote of thanks to the chairman and directors, the
meeting separated.

ANTI-STATE CIIIIRCE ABSOCLiTION.-A public
meeting of this association—the first of • series of four—was
held yesterday evening at the Educational Institute, 58,
Aldersgate-street ; Mr. E. Clarke in the chair. The Chair-
man observed that the association embraced persons of all
creeds, and all sections of the Christian world. What was
taxing place in the established church aided. their exer-
tions, and they must hail even the Bishop of Exeter as one
of the clergy who had done them great and good service.
They looked for results in the justice of their cause, and
believed the good of the community to be involved; in
their success. As address was then delivered by Mr. John
Kingsley on "The Ecclesiastical Events of 1852." In the
course of his remarks he observed that it was satisfactory
to know that 1852 had had its ecclesiastical events. 13011-
cient had occurred to prevent an abatement of pub-
lic interest in the question. The object wbich
they aimed at had at length emerged from ob.
seurig, and it was on all hands beginning to be
regarded as a possible, if not the only possible attempt
to readjust the claims of the secular and the spiritual, in
our patchwork constitution. He then commented upon the
case of Mr. Whiston, as causing, in the result, ktendency
in the right direction; the sinecurism of the Rev. Mr.
Moore, as a striking example of the abuses of the state-
church; the appointment of the Rev. Mr. Bennett to the
vicarage of Frome, as a gross violation of the coneienocs
and religious liberties of the inhabitants; while the turn
which the discussion took in parliament showed the utter
Incompetency of the legislature to deal with religious ques-
tions ; the partially-sacocasful attempt to protract the sit-
tinge of Convocation for the transaction of business, and
thus to recover advantages of which the church had been de-
prived by her connexion with the state; the history andeha-
racier of Mr. Glad.stons'ecolonial bill; the Maynooth grant,
&c ; all these being regarded as affording either evidences
of progress or reasons for aiming at a total separation of
church and state. The speaker, in his concluding remarks,
quoted • from a speech of Lord Falkland, in the
reign ofCharles 1., in which the prelates of that day were
described as wishing to set up a popery distinct from that
of Rome, yet the same in spirit; and he contended that this
RSA • true portraiture of the high churchmen of the preseat
day, though there was little probability of society, es now
constituted, allowing them to set up • spiritual despotism.
A discussion followed, which was entirely in accordance
with the foregoing; and a vote of thanks was given to Mr.
Kingsley for his address.

SPORTING.

LATEST BETTING AT MANCHESTER.
Tv IBISDAY.
CHESTER CUP AND DERBY.

Business dull. The only horses in force for the Chester
Cup were Lady Evelyn and Scarecrow, each 25 to 1
(taken) ; Constantine, 28 to 1 (taken).—Derby: West
Au•trulian, 13 to 1 (taken) ; thnbriel and Pharos, 16 to 1
(taken).

I.4un intelligence.

EQUITY COURTS.-YWZZDAT.
116P.•11 INN LOBO CILUICSALOA AND TSB UMW JUATICIII4

STOMA* O. - PILACTICIII WITII MIGARD SO

APPEAL..

Mr. Shebbesre made anaWleiTtion to the court under the
rules of A.lolllt, 15j2, by which the Lonl Chancellor is
empowered to intend the time for allowing an appeal be-
hand the aye years fined by the Tales. He applied to
ave an spin, J hearil from a declaratory tinier of Sir John
Leach in the sear 1533, by which be declared that certain
legacies under a will were payable only to the children of
the testator who were " in eine" at the time of his death.
One of the children was nit burn until after the death of
the lettuce, but was in fact " in este," having been horn a
short timo after. That child was now nearly of age, and
a question was raised by the residuary legatee, who wished
to lipped against the decision of Sir John Leach, no order
for the payment of the legavy having been made. All par-
ties were agreed to the hearing of the appeal, although it
was directed against the interest of the infant, the alleged

leetem
The Lord Chancellor said they could not in much a ease
make an order, except by motion or petition, so that the
court should have tiie circumstances verified by writing
before them. It would, perhaps, be better to proceed by
petition ; the infant to be served with notice.
Their lordships then pmeteded with the arguments in
the follosring case, which was part heard on Monday:

EDDLISTONT r. COLLINN.—COPTMOLD SVILUITUS/ TO •
Mixon WHO Ie UNDILL Atm
This was en appeal from a decree of Sir George Turner,
when Viee-Chancellor. The bill was filed by the plaintiff
in the cause, Martha E ldlestone, the assignee of the mort-
gagors of certain cupyliold premises, against William Collins
and Mary Jane Collins, co-heirs of a Mr. Collins, and Wit-
ham Ward, their guardian, and William Smith and Mary
bi wife. The question was whether a surrender by one of
the parties, a married woman, to the deputy steward of the
manor, who was an infant under the age of 21, was void.
Sir George Turner held that the surrender was not void ;
hence the appeal.
Mr. Elinsley and Mr. Smythe, for the plaintiffs, urged
that the act of taking the elamination of a married woman
by a steward of a manor was a ministerial and not a udi-
sial and it bad been held that such ministerial acts
could be dune by a person underage.
Mr. °lame and Mr. Beale appeared for the defendants.
At the clew of the arguments the Court postponer their
judgment.

Darius m ■.ana or m fain
YORK AND NORTH MIDLAND RAILWAY

g. HUDSON.

The arguments in this ease were resumed. Mr. Roundell
Palmer and Mr. Norris having been heard on behalf of the
plaintiff.,
Sir Fitzroy Kelly said he had now to defend Mr: Hudson
agaiast the seersioas which had been deedpaly coat
spas him. Amid =stead that the made upon
him was altogether unsupported by law, inconsistent with
faith, and contrary to all equity and good cosaeience.
good
hat was the nature of this demand as it was brought for-
ward, in point of law ? The defendant was charged with
having made sway with the capital of the company. Now
rtes capital of the company was at this moment untouched.
There was a distinction between the capital of the company
and an incidental and raid, ntal increase in the value of
shares, such as had arisen and had become the subject of
litigation hers. The company wee authorised to raise
1.2a0.0001. of additioeal Darla; that additional capital it
had raised, sad It bad not been diminished or touched by
Mr. Harlem The capital of the company was strictly de-
fined, and it was illegal in the company to raise or
attempt to raise any addition to it. With that capital
the tympany bad to deal; but with respect to the
additional value ceshrred on these shares by in-
cidental ciressestanne that question was entirely differ-
ent. It happens,' formerly more frequently than of late ;
it %apprisedia the present woe, that where by great in-
dustry saidskill the railway had become prosperous the
shares rase in the market to a value greatly beyond the
nominal amesat ; dad if anything requiring additiosal
espital was demegainsed _apes that additronal capital was
rabid by additional shone, and the question was what was
te be dome osier the gewnel Myriad antic, this penicillin
;met of perialwatt with the prossidings of this employ is
Wertheim to the penalise which those shares might bear.
The legislators never sentemplated that railway companies
Aiiield became Walther& *slam in no one ci the seta
ectiparithwat was there any aatherity to the eompeales to
begone tralithers ia shares. By theist% Tisteria. asp. 16,
: it was provided that " if at the time of any such mimes-
. hike et mpital taking place from any new shares the then
oakend shares shall be at .4 premium. then sakes it be
otherwise provided by the special act, the ram so to be
raised shall be divided into shares of each amount as will
conveniently allow the same to be apportioned among the
then shareholders in proportion to the existing shares held
by them respectively, and such new shares shell be oared
to the then shareholders." Theo the neat /sake provides
• that any new shares shall Vest in and belong to the share-
telders who shall accept the same and pay the value
thereof to the company at the time, sad in the instalments
Axed by the directors, and if any shareholder shall fail or
seems for a moo* to accept the same, and
to pay the calls thereof ft shall De lawful for
the company to apes" a suit 'bares in sash
mama es they shell deem mast foe thv avow
lbs amPneY." If this rule had bees
MB presentcase the company would have offer Witt
tows e eit these *PO new erne to the Wang slew
beam la pegediee to the anneer of air arse. and if
as sheelleen ind seeped twe-thlra se threeherthe
ef thee, then whet was to lame el the stylus shares ?
Shad hese sped that the femora might to have carried
amble the saerleit gni sonverted- them Woo mosey. New
he estaleW VW these was ao aleasedep ender this est ef
pelmet to do that. and that it we ientrary to sued
pea te de so. He egageaded that net set was net that
...ipatilipkted, but tkot what was cesitem tad was that
the shares should be conferred by the share lien on those
who had conferred on the undertaking. He conceived that
there was no injustise La that, and nothing inconsistent with
the general interest elite ehospany, because whoever took
that premium the eseepaay wee always secure of its capital.
By the act of parliament rattbagising the extension lines, it
was provided that " the new ions to be created b virtue
at thW est of parilensekt shell he of sash nominal value,
and shall be distributed in seeks miesee, sea terms and
eaditiege, as
ryean ef tits esespany shall
=directed, abareatr direct, gad shell he ea-
r part of the general capital of the gapes& ad
dia, except es to the mete al distribution thereof, be sah-
jest to the Mee es era consistent with the geed
New, hew was a railway bill pared?
eggensate were the landowner on the
"lir= rival 011/1/1 Was there anything We-
deb te • Ildeee and saying, " Here are
abaroo of our new begat& They are at a high premium,
and yea may have them it ye will withdraw your oppoei-
• 6118:' Re contended that this would be a legal and proper
of the share is question; and it a gentleman
rjeasaltislability and ies, who had the means of cane
• bitspezilron to be withdrawn, and who
a Thal censpeay, and caused a bill to be
eet=on whatever—was it to be said
=IMO Wee aareamenable or unjust to the
Ihnisheiden of this tompany that he should avail himself
of Ids ration to cempeamile them who had withdrawn
Asir 'meta% _and to seeptemeee lases" out of the
MIS *ISO WAWA nen heft le the aped of the dine-
Itweolt woad that then was sweat et Meaty be Va.
• dist that want of lacialcity ea them who bed hat
ep thdrßeeise en the prelliess gam* sad Weaseled'
eilhis eke eat, than tweed read es his, and
raged bile with weed of heaesty. At the time the Nese-
hie et the sucting
_ef Jemmy, 1846, we peed the pre-
game ea then 0 *bare was 124 per sem, making a
was et Wad It we owing se tits ardor of Mr.
Medea that tbeizrzusse that premium. Whoa were the cir-
earinetemen ? bed been dosaniaed on to
Beverley and the east to the GernanSidni, and to the west
from York to Leas. Notieseled base given by a rival com-
pany. That rival Ibllap bad bee INS platay extinguished
by Mr. Hans there wen several landowner,
an the lie who theseerted opposition. Mr. Hudson
bad Mead easy hmiewner. The greatest property on
the Mae we the Iredrebeasgh estate. In September,
1110, Mr. Hasa had liegeht that estate, paying nearly
half a million he it, less 16e agedsitioa of that ewe
was all that was seemagy Se =obis the bill to par without
eripeittes. Mr. Heirs that wale, and it woo
by gigantic and dada. Vim Ode that he had brought
this esepany to a rase e wagemasied prespirity. After-
maids. when this great drop task
when this ewe-
reel ethers had nearly o him with their
he esM that estate at a el 21,0001., but he had
haggle it at that Wee ea had dies extinguished the rival
fiery. He she
Z hewariled the harem of the company
ia
seas=lo,ooo4. tstbi WWlbybteilhegeraliai doeiteay, the
betel
deem se Malty, elle as as sealiglehere. Os lades*-
, merse_se guide dee, end thumbnails the Web an the
The homed mimed then adverted M Ohs resktioa
Cis January, 1546. He red a report ef the weed-
it
the meeting, and oesteded that hem the
mei* Mr. Haden the shanheidere one have
• vadlooleed that it was peeped disiribele the
aim set ellae4te the "mend ohs—em gem late.
Med rirdst, gesees ethos tee had pomaded
• seppeeed the ariseakes: It weer drake ear.
=Vet they pamil the ressiedith Tire, was it Se be
rat 'see ef thees Mad dews egad we to
Mr. Haag% We wee the peeler habeas an the b-
eaded a Ilea dad, If be get the Wee LUNN awes,
what was that to the shareholder. f They lea misled
that they theessiese would net eels way el the 12,000
are for titantedeee • 11,41,12 Ma bed tied,"me
weal then have ham as shwa wades, if
*y at theme shires wen to be swanked le Mr. Hud-
dle ass weal have Wee gag tat,
the He is the
an line, dr gerreesaseriber to
Carta" %Mai ask" the peeler balla•aOr of
asesupegy ;he aphe 'slave a Waft If gay other
=woe wee" lest it was the intintlea Odle share-
se the undetemadiag in their minds, that when
Wheal shire at at disposal of the direttore they
call they were to be for the benefit of the dinghies,
et of die asiserte, we in eatirention of any tea ea the
esegem era eight hank just, it was to be head in g
gemer- heamieva of the mese gentpany. Ia Oa, at a
swim at the eltemeeMen, it we dessednel
te be A nob
bran as get
i/ remise Ise a breath to
capital el won 216,01104. la sh?efelalbeMt egeb,
le be distrheled wire the sherehelas el the
Tea sad Berth
is
se
way as the shares ia the
jam Oa that mass there wag waylli

surplus shares, sad a neelution was proposed that three
shares should be at the disposal of the - chairman. Mr.
Roundiree, one of the shareholders, however, objected to
this, saying the )ir, mine at that time would put 8,0002
into the pocket of tie chairman. Mr. B•istow, one of the
directors. said as far as the directors wen concerned, they
waived all claim to these shares, but the chairman had
taken an infinity of trouble in prompting the undertaking,
And be thought it was duo to Mr. Hudson that such • com-
pliment should be paid to him. Mr. Laycoek moved an
amendment, that the surplus shares be at the deposal of
the directors for the benefit of the shareholders. The
amendment, however, was negatived, and the resolution
was carried with only two dissentients. It was clear that
in that case the shareholders intended In assign those shares
to Mr. Hudson, and if that were so, was there anything to
prevent the directors placing some 4,000 or 6,000 of the
12,000 East and West Riding Extension shares at the die
vial of Mr. Hudson, for the purpose of presenting them
to bins just as to any landowner or supporter of the un-
dertaking ? Mr. Hudson was the largest landowner on
the line.
The Master of the Rolls—Does it appear what he got for
the land that was taken for the line in the Londesborough
estate
Sir F. Kelly said the sum was 22,0001. which was awarded
to him by an arbitrator. His learned friend said Mr.
Hudson paid 401. an acre for the land and got 4001. an acre
for that which he sold to the company. But it was not •
question of acreage, inasmuch as one sere might be worth
10,00 W. and another not worth as many pence. He now
same to another part of the ease. The bill charged Mr.
Hudson with 6,1241 East and West Riding Extension
shares. His learned friend spoke of the disposal of 6,076
shares, exclusive of the Hull and Selby sharer. The entire
quantity of surplus shares was 12,030. Of these the appro-
priation cf 1,801 was undisputed by the plaintiffs. Then
there were 154 awarded to Mr. Vavaeour and others, which
were also undisputed, and there' were 4,991 at this time un-
appropriated in the hands of the company, at heat so far as
Mr. Hudson was concerned. That made 6,945, which, de-
ducted from 12,030, left 6,106 which were accounted for by
Mr. Hudson in this way. First, there was a quantity of
1,300, which, upon an occasion when the company was
wanting money, Mr. Hudson calculated the premiums of
and paid the amount, 16,0001., into the company's bankers,
which went first to discharge a debt to a Mr. Marshall in
July, 1848, and which afterwards figured in • dividend.
Then there were 1,106 abases which Mr. Hudson
alleged he bad applied to the nee and for the benefit of
different persona, landowners and others, whom he re-
spectfully declined to name, and as to which he did not
dispute he was as accountable in law a if he bad applied
them to his own use. Then there were 1,700 shares which
he admitted to have applied and disposed of to his own
personal see. Many of them turned out • very consider-
able WM. However, the number was 1,700, and this dis-
posed of the whole 6,106. He untended, however, that
even had there berm any lion, it bad been ea-
gunned sa by the and could net turn round
owl my thee le elwii asenent for them. The share re-
githr wee predneed at swimeresseting, and if the share-
holders bad beamed at the , they would have found
that Mr. Helm was ea register at the Ant nesting
after the theelutien for 9,610 shares, at the following half-
yearly nesitiai NEON. at the eat theeliag fa January,
1848, Iler LOST Mores, and at the naethig ef Jul 1848, he
was erglistered m hating only 4,901 shares. The share-
he If they unser& that these shares were left to be
of Nr Miah bagels, were bewail he gall on the
dirillielli M SIMON hew they had bean dipseed of, and not
bathe lone set, diey email net sew at this distance of tine
oil on Mr. Seim le asthma hi time. Them, with re-
gard le the Bail sad thdby therm By the resolution of
the they were to be distributed asseag the Rest
and Was extension shares in the proportion of one
for two. Now, fhe was right in the view he had sub-
mitted, that Mr. Hudson was rightly is possession of the
But and Wen Riding Eatimdas sham, then he was
rightly is peen ea of the Rail and Selby shares; and if
he were wrens with regard to the Zest aad West Riding
Istanima dime, wad Mr. Hudson was decreed to pay for
then, then he beams the purchaser of the Hull and Selby
sh
ame. emit in either case be was entitled to the Hull
sad Selby s.
At the seemelusien of the learned counsel's address the
court rose.

Imes Vicaresamaues Zatemosiv.
BMOCS Lovsr.—Nsw CIUMCIAT Aar-22aD

The question In this Nee was whether the Wad maths of
the New Cismsery Arth 16 lb 16 Vie., e. al, was renews..
dye masa. Hp that maths it is masted UM all=se:
themisalisme.
end attestatins at bether. in maim es smatters de
in the Court of Cheaserp, may be sworn siail taken
IaOMB
nd or Ireland. or the Channel Islands, est in any esieny,
blend. plantation, sr piths, undery
theadedesulaiest of her
gZIs Swale paths. holm ans, met. neler
er meth harelip amtherbed toj milthor eras in
mak country, itelemy, Meath the., and the "Ages rd Mier
damn of the Heart of Chmeemy shall takeludield Mime(
the seal et siseathre of say resit than. jai., notary public,
allathedtheany sob threamaste tithe mad lathe said court.
Wisest the nee wee bribes the Tke•Cheaselise last week,
hie Hower deaths& NM this goods° was setrespective, end
that he had powerjedielelly Is make the signature of the
judge is Australia M a assethaut verifying a certificate of
birth, such doeumat having been signed by the Australian
judge before the peening of the meant act of Victoria.
The Vice Chaaeldlor this morning stated that be had re-
oonsidend this question, and had consulted with the other
equity judges, and they were all of opinion that the 22nd
wader above referred to was not retrospective. His pre-
vious decision, therefore, must net form • precedent for
the future, and documents of the nature mentioned in
that section signed previously to the set would not be re-
mind.

COURT OF QUEEN'S BERM-Yummy.

Newman' BLitt/a—
ka. Jvines

I LOllO Ca 111•117.1. Ma. !arms animas,
sun, LID U.. Joenca Cpcarzas.

This weaaXpeeial sew, thefacts .f which were as fol-
lows :—A vessel bound upon her voyage was obliged to go,
by stress of weather, out of her due course ; she war
dragging her cables, and, for the preservation of the lives
of the crew, the captain ran her into the tidal harbour of
fission, near Calais, at low water. She touched the ground,
and finally settled on the sand, in such a manner that she
was only lifted from her position at eatreordinary high
tad's. She remained in the predicament for about two
months. The question was, whether this was a " strand-
ing " within the clause. of the policy of insurance, or a
mere " taking the framed" in the ordinary coarse of
navigation.
Mr. Bovill (for the plaintiff) supported the argument
that this was a " stranding."
Sir F. Thesiger (for the defendant) argued the other side
of the question.
Ile arguments on both sides were so purely legal that
they would only interest professional readers.
Lord Campbell said that he was of opinion that this was
• " stranding" within the meaning of the memorandum
upon the policy of insurance. The it use cited afforded
rules to decide what war sot, as well as what was, strand-
ing. As to what than we be stranding, Lord Tenterden
says it is not ersaradireg where • vessel takes the ground in
the ordiaszy sad used Mra of navigation upon the
natural ebb of the tide, and where, Mime egreend, she is in
such • position that the esdinary advents of the water will
duet her again. On the other hand, Lord Chief Justice
Tindal says stranding arises where a vessel takes th:r=
not in the natural, that is, the necessary sad 9
souse of savigatios ; or, is other words, where • ship either
wholly or in part, from some accidental sense, takes the
ground. Is this cue, Gould it be maid that there was no
men Bum the ordinary suns of navigation? Was it set,
in fact, as ascidental and, in the words of • eau cited at
the bar, an sausages. emu ? The ship was off the coat
of Frans, she was asessiag her cables, and, for the
sake of the crew and- eargo, she was forced to
quit her proper sea ordinary course. It was ad-
mitted that if USAIR these circumstantial, she bad run
upon • mud-bank wales the harbour at fiances, it would
have been • stranding. lb (Lord Campbell) could not see
that the fact of the mar Wreak being within the harbour
mild make any diaereses in the matter. If the vessel had
entered the buboes at high ilk end the tide bad gone
down, leaving be. !pen the mel, JIM would not have been
a strand; but the bet wee that oho eabseed the harbour at
a time when, in alias" meek It would not have been
proper that such a ems* should be panned, and it was
only the 'tress of assidomtal circumstances which led the
captain, in the exendee of his discretion, to run her upon
the banks. The Judgment of the court ought to be for the
plahitiff.
The ether learned Judge concurred.
Lord Campbell thou sal that he could not refrain from
noticing She wily prow meaner in which this question had
been hroutht before the amt. A cam had been agreed
upon between the partisa smith& mere question of law, free
from all technicalities, had wan before himself and the
other learned judges is a shape in which it could be
decided upon the merits and also in a most economical
manner to all parties. He trusted that this good example
would be followed by the large body of respectable attor-
neys in existence in all cases where the facts were agreed
upon sad the law only was a matter of doubt.
Judgment for the plaintiff.

COURT OF EXCHEQUER:
&erase is Sumo..

-YESTERDAY.

DINILIMUONT inaDanaT Awn Coolta.—Taovna.
Mk onion gni tried at Guildford at the last assists, be-
ton the Lied Obasf Judos of the Common Pleas, when
Abe eseakt wee boa he the plaintiff. It was brought to
mew Shensi of Mk Us. ed the value of certain bales
of catismin wool whisk were ;hipped from Havre by the
plaintiff le the dahmlants, on the understand in that the
vase we M he innoulistoly emitted by the defendants.
The asbass get up woo Chet the roils had, in point of fact,
been mat to the doasisels by ass Fowler, with whom
Nay bad lied many provissi tronestiesig, gad that they
bed paid the amount Is Ms se hk maw., the pleas being
not guilty and mines of the pieletia's possession.
r. Bens Mulls ehmensil, as Mr. Bramwell was about
to thew emus grans& the wile obtained by Mr. Chambers
to set Elide the wake he the plaintiff and to enter a acu-
men, or to Man this Amgen to 3714 11r. 2d., that the
depositions taken I. the ono wen shamefully lee n, a
circumstance, which he euppenoil woe to be accounted for
by the hot that they were takes I. Reis, end that it was •
most able place. (Laughter.)
Ph. Brasswol said it was • most unfounded amnisation..

- ---___.
Mr. Baron Alderson—Do you mean tv my that Paris is
not a most agreeable place ?
Mr. Bramwell was not prepared to give ma opinion at
that point ; but this he could say, that the wftnessm wen
kept up all night to prepare their depositions, and that
Paris was not goaorolly considered more wont& to lit
If all a/glt la wearing hard than may Mbar sscs. The