The Express.
London, England, 1851-02-01 00:00:00

MANCRENTER. January 31.

flooCi licsoNot —Moro woo a rather strong narket,
asil mom doostiptioao of stook won is &domes of yostorda '1
partioolatioy ',Judos gad North Wootons,
Orem Wooteess, owl Dome.

LILD4. January 31.

• -
droca EICIIAMOI.—W• have had sexy Issoyant market
Gni looming and a raml advises apes foram quota-
tions. Tite Jests sax wan:—=eat Lasarblrss, 131 ;
Great Northers', /71 ; Leeds and Thinks. 151; ditto Bi-
tonnoss, No. 3, tis. Id. dia. ; North British Po/dimes, 51 a. ;
York and North ledlands, ; Lossottire and Yorkshire,
671; ES° ladles& 171 dr. Dinars, 241; London aad
Nxth Vissions, 1261; North Wooten' Pretense*, 121 a.

Brocc Exciwroa.—llidlesd elteek, 43i; Bltrowsbar7
aad Bisotioobaat (Clow A). 61 dio.; ditto (Clam B). 41 db. ;
!Shropshire tralau, die.; boatb Bta&wdsbizt, 31 db.;
Norm Btasozdobire, 71, 71 db.

PARIS. Jaguars 30.

110olua.—St. Germain, 417 60; Verwfl« (right bank),
170; Dttto (left leink),l6s; Paris and Orleans, 870; Paris
and Rause 695; Rouen aad Havre, 275 ; Marso.Uss and
11viinoa, 190; Strasbourg sad Bale, 145 ; Contra, 401 25 ;
Orleans and Bardwz, 400; North, 475; Paris and Btras-
-200Doug, 362 60 ; Tours mid Neat's, 250; Dieppe sad Fseassp,

LONDON AND NORTH WESTERN RAILWAT.—THE
DITIDEND.—The general anemias of proprleton of WI
OOMpelly Ii to be held ea the 21st of Febressey, end it Y,
understood the dividend to be dealer'd will probably be
idler the rata of 51 per ant. par =WWI, without deduetios
keen the reserve hind of 144,0004.
BLACEWALL RAILWAY. TILBURY EXTRNBION:
Aconesposdast tam "The standing order were held by tho
mature not to be complied with in the following trivial
rapists mon of only 6 rases of onion or occupiers oat
of 72% and ono slight fracearacy to plea, which rendered it
arecaury to raw UN bill to staadiag orders austnittee.
who will ao doubt authorise the
tha bill to be preeseded with."
ADMIRALTY, J. 31.—APTOINTIMT.--Mardeeir
&Nitwit H. J. A Pukes, to the Apollo.
Pairnaoacz, lAN. 29.—h ban blown a perfect gala
IR several days put. Let evening the Volcano stosaor,
Akers, commander, no voyage to the Coast of Aria, pet la
through stress of weather. Mee is aaderPaii warn WIN "spurs La five dockyard.

NORTH STA

RAILWAY.

Teeterday the half-yearly meeting of the ahem
holders in this railway wee held at the station, at Nan.
apes-Treat; J. L. Ricanoo, Req., in the riheir.
An abstract of the report has already append is the
Express , laad, on the motion of the Cimino's, the sem-
mon seal was affixed to the registry of sharekelden.
The CHAIRMAN thank% it right to ectogratalate
the shareholders on the tut that they had got ever
the worst, sad that the isemeent was now in a fair way to
prceperity ; for his own pert he had never despaired—the
railway wee favourably progressing, and he was assegai's*
aa ever. The train., return of the last half year showed an
lacrosse of 28 per cent. over the previous half year; and the
returns for the tint three weeks in this year, the very wont
part of the sewn, elthirel! In the local traffic
atom of 39 n. cent, over the male of last year, and of 10
Per tent. over the average of the best (leaner epilog Sept ,
1849, which was Walt one of the best swabs in the year.
He thought that this in itself was a great cause for emigre-
tialation• at present there wee nothing like the amount of
traffic to whiek the liras from its position was entitled. They
had now overcome all the obstacles in the way of
this, and he hoped that before very long every
obstacle in their way would be removed. On former nom
does he bad had to refer to certain disputes existing between
the London and North Western, and North Staffordshire
elaspanise ; at that time he had been unable to explain the
exact position of things, and although there were still daft-
cultise in the way of that, he would explain all the einem-
stance. as well as Its could. At the present time there were
negotiations icing on, and as the subject of these were much
nearer a flail settlement than ever, he had the full-
est hope that all the cavillings and disputes would be
put an end to for ever. This would put the Mirth
Staffordshire line in a right position, and as they
were so nearly settling their differences, he would not have
referred to the subject but for the circumstance of a letter
'levies been that morning received from the secretary of the
London sod North West- rn Company, taking exception to
certain inpresaions in the report of the directors which had
been laid before the directors that day ; and so soon ea that
letter was read, he should, in a very t w observations, be able
to show that the statements contained in the report were
borne out by the fact; and as the letter had been received—
although he would not otherwise have referred to the ~abject
—he telt bound to read it to the shareholders. The following
is the letter :

" London and North Wows Railway Office,
Easton Station, Jul. 30, 1651.
" Dear Sir,—The attention of the directors has been called
to a paragraph in the half.yearly report just issued by your
board, from which it would seem to appear that the delay is
the deed of reference to the arbitration rests with the solicitor
of this company. lam instructed, without touching upon
the more general ;mations treated in the report, to state
that no obstacle is presented on the pert of this company to
the immediate settlement of the reterence, but on the con
trary, the solicitor has, acting under lull authority, agreed '
to the draft of a deed of reference, which sot
only 'shah s the letter and spirit of the board '
minute under date the 11th of January, but con-
cedes, and provides, also, for the only further point
urged by your chairman. The difficulty ruts, in fact, with
your solicitor, who not only objects to the draft as agreed to
on our put, bit rebuts to accede to our proposal to have
the questions in difietraos between the solicitors refund for
the decision of any eminent and impartial mussel. I beg
that you will bring this letter under the immediate notice
of your directors, with a view to their making inquiry into
the facts as stated by me, and of their 'veiling themselves
of the opportunity afforded by the general meeting of pro-
praetors, to be held to-morrow, to relative the erroneous im-
pression which the paragraph in question is calculated to
0011T07.--I em, des. " CliAttLib SIERAUT. Secretary.
"J. timed* Esq."
It must be recollected that Oita line wee commenced
and completed under an agreement entered Into In
the month of April, 1846, by which the London and
North Western Company c mounted that all the traffic
fling to sad aiming fromManchtster should pusover the
mai Staffordshire line, so WOO as that lino was completed;
' saw, as was well known, that traffic was demanded and was
atM given, and this company was at last driven to litigation
Ith recover its jest right. On the very day on which the
Nue was to have come on for hearing an arrangement was
sawed into for settling all the matters is dispute. Now,
late terms of that agreement it was provided that the
eater traffie ahoold be divided, this company to
reeesu half of that passing between London and Manchester,
and all the towns south of Culwich ; they gave up a portion
on the other die, but it was considered that the company got
an equivalent in the ahem of the cross traffic passing trues
the London and North Western Company to the east, which
it was provided should be taken by the shortest route. In
tact, perhaps this was mere than an equivalent, for they were
to some extent disappointed in the through blanchesur
train, whilst on the of head the cruse traffic was very
good. Bet obstacles had been thrown in the way of the lull
carrying out of the agreement, and the full traffic had been
diverted from the North Staffordshire line. To take •
ease in point—there was a great quantity of cattle
passing from Liverpool to Norwich and the east. This
should have come over their line, but it was foetid that it
did mot tome over it, although it was knewa that the cattle
dell's" in some way or other. Oa inquiry, it was found that
the cattle were seat from Liverpool along the London line
to (handle in Northamptonshire, • place jut without the
limits of the agreement, and from thence it was sent on to
Norwich. (Hear.) Accordingly, the directors of the line
Instituted the aeoasrry measures for placing matters
as • right footing fee securing to the North Stet
(ordain Railway its fair share of the traffic.
Accordingly, application was made to the London
and North Western Company, which resulted In the
appointment of a committee, who acted in • very lair spirit.
It was admitted at once that the North Staffordshire company
was entitled to this traffic, and that they ought to have it ;
the point was gained so far, but still the traffic did not come,
and a long correspondence took place between the chairman
of the two companies, which correspondence might have
continued until doomsday, and all she while the traffic was
going wrong. In then circumetaaces the only course left
was to apply to parliament for an act, which should have
the effect of putting this company in a position to recover,
without difficulty, ell damages where damage was incurred
by the diversion of traffic, and to pot an end to all litigation
whatever. (Cheers.) The London and North Western Com-
pany Immediately remonstrated against this application to
parliament ; they said that they should regard It as • hostile
proseeding. The reply ott the part of this company wee, that
they only decided, and fairly, the at of April 13 to be
fully and fairly carried out, and in this spirit he (the
chairman) proposed to Mr. (Ilya that an arbitrator
should be appointed who should decide all matters in dispute,
and mule damages, not only than but hereafter. This
proposal wee at once mould to, but this company declared
to withdraw the bill from parliament until the deed of
reference wee settled. This deed of reference had been
drawn by Mr. Bure.hell, the company's solicitor, and sent to
Mr. Carter, bat Mr. Carter demurred, on the ground
that there were certain clauses in it that were not
usual. The chime, which had been objected to
were those providing that the arbitrator In case
of dispute should have power to call for books,
sad wheels's, and in fact to have every facility for amain
damages in case of the infraction of the terms of the agree-
ment. (Applause.) Of what Wombs,* was the agreement
*this mimpetay mime It was to:be tally carried out f The
male ems was now over, and the North Staffordshire
%%""had lost the benefit of it. (Hear, hour.) But the
mattet was now la • fair way foe settlement. Within
Me last few days he (Mr. Ricardo) bad seen Mr. Olyn on
the subject, and he was quite sonviaced that there existed on
the part of Mr. Olya the fullest sinserity to do everythiag
la Ns pawn to carry out the agreement. In the present po-
lies Makin, however, It would be neousary for him to
se Ohm for their consent to the bill to be
lethMthhed to parliament on the subject of this spumes;
desugl he did not believe that it would be necessary to
peomeste it further, he having the tallest envictioa and
eneennase, from the spirit manifested by Mr. Olga, that all
OM= la dispute would be amiably and sathffactorily
ac-
esmmedated. (Applause.) Be emaluded by moving the
tof the report.
. C. SHARP, the deputy chairman, mended the
entslea, which was put and unanimously adopted at once ;
M was • motion, declaring • dividend of- Is. 6d. per share,
pipit& on the Ist art March, was Mopes&
• PROPRIRTOR submitted • soden vs _g the
directors to inquire into and pay OM arida useedes due
he expenses to the members of the investigation esamittes
who declined to coincide with the majority In theft report,
and issued • supplemental report.
The CHAIRMAN rejoined. First (he mid) these
sharps had been under the tonsideratfeta ed su sissem
nominee, and were regarded as exessehe ; hi the stoma
place, the directors scald not recognize • supplemental ro
port; and thirdly, whilst Major Belem, the chairman of the
'matinee, was content with 401., Mr. Chain°, (dieseatieut)
thannei244l., and Mr. Haywood (dissentient) 1621. The
hen gesßemaa remarked amidst much merriment, that
flees were expensive thiogs, this one having cost up.
Meade of 1,9001.
Ultimately, the matter in dispute was referred to the
medium, with an understanding that Meters. Twigs, Hay-
wood, sad Challiner should be reimbursed the stoney they
were out of pocket at least

Sracial, lissvixo.—The bill to be submitted to partia
wet for carrying out the &greenest with the London sad
North Western Campo, was submitted, and received alep
sanction of the 'meting. The draft of the bill for Gamuts.;
the Charnet Valley line to Barton sad Derby was also suls. I
netted sad approved ; the abearmaa reaswhisthe esprel4ift
of hie elision that this was a profros wain.
With respect to the ND !kw tla Ashhourse branch, the
Climates said that the men l its leen adopted, it well
not neceseary to have say vals as this attar pro and
it wits understood that thosanstesilas .ter
the breath uld
be proceeded with, the weellsolasa. teeing 4 per sot.
for flee years on the east of
At 4 o'clock the meats %unite's., ilia the anal our
plitssatary vete to the sag bawd of &noon.