The Express.
London, England, 1848-09-02 00:00:00

POLICE.—YansaDAY.

MANSION-HOUSR.—GRAVITARD ABOMINATIONS IN
THE CITY.—Mr. Rothschild, accompanied by Alderman
Humph( ry and Mr. Travers, of Bt. Swithin's-laae, appeared
before Alderman Gibbs, for the purpose of complainiug of
what he considered to be a very serious and disgusting nui-
saner, and requesting the attention of the authorities to its ,
nature end possible consequences, more particularly as the
necessity of sanitary observances was becoming daily more
urgent and palpable. Mr. Rothschild then proceeded to
stets that but a short time before be entered the Mansion-
house the grave-digger of St. Stephen's, Walbroole, the
burying ground of meliel was adjoining his premises, had,
in digging a grave, removed a coffin for the purpose of
making room for another ; that a most offensive effluvium had
proceeded from the spot; that bones had been scattered
about in the endeavour to supply accommodation for the
new sepulture; and that the grave, from ha present ap-
pearance, was incapable of containing an additional tenant,
according to the reasonable allowance as to depth. it
seemed to be the objet of the person employed in digging
the grave to sink one coffin into another, with the view of
affording accommodation for the coffin than ready to be
buried ; and under such circumstances it was thought to be
the duty of those who were peculiarly liable to annoyance
from opening the ground to represent the facts, although it
was certainly very se Moen that a burial took place in the
ground.—Ald. liumphery said he had advised Mr. Roths-
child to apply at the Mission-house open the subject, in
order that immediate steps might be taken to prevent any
thing like contagion from such a nuisance in the heart of the
City.—Mr. Rothschild said he believed that two years had
elapsed since a luneral had taken place in St. Stephen's
Churchyard, bat the effiuvium arising upon the opening of
the ground on occasions of the kind from the churchyard
animal matter was quite intolerable.—Alderman Gibbs
asked Mr. Rothschild whether he did not pay for the privi-
lege of opening windows from his premises into the church-
yard P—Mr. Rothschild replied in the affirmative, and ob-
served that he Iva the more entitled to protection on that
amount —Alderman Gibbs said there was no doubt is to
the justice of the claim to protection from every nuisance
which was capable of being remedied, and informed the
gentlemen who attended to make the representation that
immediate inquiry should take place.—The complainants
this retired. NI. Ramey, the churchwarden of

the parish of fit. Stephen's, Wu then sleet for by Alderman
Gibbs, and informed of the matter complained of ; and the
churchwarden seat for the beadle, who attended forthwith,
together with the gravedigger. In the meantime Bradley
(one of the principal Mussioa-hoar oaken) vhdted *wave.
by direction of Alderman Gibbs, to take its distanwiena.—Th.
Beadle o.id it was the fact that the gravedigger had been
ustriving to make room for the new coffin, by pressing the
folk which tint presented itself into the neat cogle, the
outsets of which had become, an was supposed, mere dust.
It was true, too, that that fatictioetuy bed, in making the
grave, removed several bones, but they had been restored to
the earth, and the grove wu in a state of preparation. It
was, however necessary to state that the grave was evidently
too shallow, 'and that if the body about to be buried
vas allowed to be laid in it, the coffin would
. .
- the

be very close, indeed, to the surface of
tart—Alderman Gibbs : What is the depth at which
it is u.ual to bury the last body in a grave /—This Beadle
believe five feet to be the depth.—Bradley : The last coffin
now in the grave is wi'hin three feet and a half of the cur-
face, so that it they bury the body now in the churchyard
there, the last coffin will be within two feet and a half of the
surface.—Alderman Gibbs asked how it happened that, in a
churchyard in which there was a great deal of room, the
graveuigger thought proper to disturb the grouud of a grave
already crowded f—The Gravedigger said it was the wish of
the family of the deceased to deposit the bo,iy In the same
grave with that of his child, and it wss in accordance with
that desire that he had thrown up the earth in that
puticular .epot. He certainly had dug up tome
bones as -he proceeded in his work, but they were
all returned to the grave. He had also sunk one
coffin into another, but the decomposition of the bodies
having been complete there was no offensive smell at 411. If
there hail been any he could not have pr.-carded with the
business, which he certainly slid accomplish without incur-
ring the least inconvenience of any, kind.—Alchrman Gil,be :
There is no doubt at all as to the improper shallowuess of the
grave, and the body cannot t e permitted to be deposited
there. Every caution, too, must be used is digging graves
to avoid as much as possible the exposure of the remains of
mortality. I &misery that there hio been occaision for com-
plaint, but I have no doubt the parochial authorities will
line directions the strict observance of which will render

any further observations unnecessary.—Tha Churchwarden
said the gravedigger should dig a grave of proper depth an
site as possible to the grave in which tho remains of the
And of the deceased were deposited.
tiIUiLDhALL.—A Buck Patrice —A black man, who
described himself as Prince Henry ChristopAe of Hayti,
was charged with having swindled the lardlord cif the Whit-
ting on dining-rooms, Newgate-street, o. refreshment to the
amount of 19n. 61. The prisoner ordered en expensive din-
, ner for himself and friend, representing that be was Prince.
Henry Christop..e, of Hayti, and that he should want beds
for himself and friend that night, th 4 it was his intention to
bring his wife sod family to permanent y occupy the rooms
while he remained in this country. He and his friend ware
supplied with whatever they win -rd for, and in a few hours
they ran up a bill of 191. 6 His friend 4. ft, and ao SWIM'
being forthcoming, the prisoner was given in custody.-31r.
Needham, of the Saracen's Head, Snow-bill, deposed to the
prisoner having swball• d him out of more t` en 31. in the
same manner.—Tne prisoner was sentet.c..l to ono month's
imprisonment.
MAHYLEBONS.CHARITV.-Mr.l3,•oughton requested

our reporter to acknowledge the rce of the [Winding
sumo for the benait of the Parry Lnody : Mr. D; noes
Widoombe new Bath, Ll. ; "B.C. D ," ; and " L. P.."

Malvern, 10s.
WORSHIP-STREET.—lmvurrawrito .—H. King
and J. Atkins were brought up for firtel examination,
charged with the following robbery. It ',voted from the
testimony of a gentleman named Bates, residue; a abort die-
tauce from the turnp he in the Ilackney.rosid, that he was
standing at his drain,'-room window at about 9 o'clock
the morning of the 19th ult., when be observed the pMeanees
lurking 'shim some premises opposite adieu Oval Cottage,
and presently Kieft, who was dressed in the gab of a brick-
layer, lifted the parlour window, and jumped into the room
with hatlequin dexterity; his companion Atkins waiting
outside. King spec di:y made a re-spp. mance et the window
with a large pier-glue, which he handed to his companion
Atkins, who instantly made off with it, followed by King.
Several windows, however, were momentarily thrown open
by others, who had been watching the proceeding as well
as witness, and the cry of "Stop thief " Ming raised Ly •
number of voices, the thieves were induced to relioquiski
their ill gotten treasure, by dropping it into the read. TMy
effected their escape, hut witness was enah:ed to give • full
description to the police of their persons and dress.—Police-
sergeint Foy soid he was proceeding along the Heckney-
road with coestable 277 N, on the Saturday following the
robbery, and perceiving the prisoners, who answered the de-
scription given of them, he stood for a moment looking at
them. The instant they perceived witness they darted off,
followed however by him and the constable, and, atter •
smart chase, both were captured and conveyed Web* station-
how.-11n. Darman., a widow lady, residing at Oral Ca
tale, Hackney-road, identified the pi: rglas. as her prolteml.
and sad she rad entered the premises only on the day previous
to the robbery.—The prisoners were et mmitted for trial.
EMIRT-MARINCL—Sarah Ladd, a very distressed look-
Mg seamstress, was charged with unlawfully disposing
or six calico shirts which had been intrusted to her
to snake.—Savah Lyme, who presented as wretched an
sigelpearhed taLeemasatethe pr
rial tronuierautegraeulphasntautemdietrhol
chisiscouthire-
na
Item a person in the employment of Wears. Most!, the out-
fitters, on Tower-hill, she was induced, from motives of cha-
rity, to engage the prisoner to elitist her in her work, and the
latter undertook to return six of the shirts on Mend..y lest ;
hut having failed to do so she sought after
her, and found that she had pledged them. The
witness added that she herself had • large family
dependent upon her, and as she would bee rrquireu to make
goad the loss of the shirts be the person whe employed her
she was compelled to give the prisoner into eustedy. The
warehouse price for making up the shirts was Is. 65. per
dozen, but she was only paid et the rate of fifttenpence by
the woman who obtained the order, and out of that Lad to
provide the needles and cotton. She allowed the prhaner the
mote as she received—Police-constable 05 11 said, th,t upon
proceeding to the prisoner's lodging, a we tehcd attic,
which was entirely destitute of food or furniture. ho found
her lying upon • heap of rags in a corner cf the room,
and she handed him a duplicate relasing to the articles,
which she said she had pledged under the pressure of fevers
distress—The prisoner, in an agitated manner, assured the
u.sgietrate that such was the fact, as it was impossible to live
upon the produce of such labour, for let her w ork n ar-
duondy matte could she was unable to make more than three
shirts per day, which, at five farthings each, would only
produce 31e1.—Mr. Arnold said it was certainly a vs Ty me.
lancholy case, but as the charge was pressed against her he
had no other alternative than to remand her upon it, and
should order her to be brought up again on Wednesday next.
LAMBETH.—ANOTHER GERMAN SWINDLER.—AdoWse
eon Zweht, a well-dressed Gamin, who had been some time
ago a teacher of the German lanausge at a relectable
school in Kenning on-lane, was further examined on charges
of receiving goods under false pretences—Mg 0. Sampson,
a chemist in the Kennington-road, stated that on Monday
week the prisoner celled at his house, and said he had a
letter from a correspondent of his who wanted a galvanic
battery and an elerrifying machine, and which articles he
wished him to ship for the Cape. lie me ntinned the name
of Mr. Nesbit, of Kenniegton-lane, with whom he Hied ma
usher, ea a friend of his, and talked about wanting change
for an ;order payable at Hamburg. The articles were se-
lected end sent to a house in London-street, Fenehurch-
steeet, by the prisoner's directions, with a bill and receipt,
but they were not paid for. The prisoner made some excuse
to the messenger, and said he would call on Mr. Simpson.
From what ee had subsequently learned he (Mr. Simpson)
went to the house in Londomrreet, where he teund the gaal-
vanie battery, but the electrical machine was gone. He gave
the prisoner
in charge, and on his way to the station-house
he acknowledged to having pawned the missing machine,
and gave up the duplicate. In conclusion, Mr. Simpson
said it was his intention to have reliequisted the prosecu-
tion, provided the prisoner was found to have Teen driven by
distress to commit the offence, and also that it was Lis only
act of dishonesty, but finding that he was guilty of other
offences and grass miareprefentation, he hod made up his
mind to prosecute.—W. S. Lodge, foreman to Mr. blacken,
a tailir in Ryder street, St. James's, deposed that about five
weeks ago the prisoner, who assumed the name of the Rev.
W. Liebriek, wrote a note to his principal, requesting that
some patterns might be sent to him. Witness in consequence
waited on him with patterns, when lie selected these foe
three pair of trousers and some for waisteosting. He also
ordered a court dress stating that he was going to 0-borne
to be presented to the Queen end Prince Albert.
(Laughter.) The prisoner also stated that he had run away
from fit. Petersburg because the cholera was so bed there.
(Renewed laughter.) Finding that the prisoner I sad not
called as he promised, inquiries were made at Osoorne
when it was found that no such personee.e as the
Rev. Mr. Liebrick wan known there; and the next place that
witness saw the prisoner at after delivering the court dress
was Horsemongemlane gaol.—Mr. Simpson' ere said he bad
no doubt whatever that there would be several otter charges
eetabliehed against the prisoner.—Mr. Elliott remanded the
prisoner until Thursday next.
SOUTHWARK.—A HINT eo Cesium—Frederick
Manefield, a cabman, was charged with being drank and
furiously giving, to the imminent danger of the lives of the
foot pa rl:gees. gentlemen named Ward said that on
the previous evening be engaged the primate at Westmin-
ster-bridge to drive him to tilackfriarmroad On passim
along Stamford-street he round that the cab was run-
ning on the pavement, and from one side of the
street to the other, which so frightened him that he called
to the prisoner to stop. On has refusing to do so he tailed
out to the people to stop the cab, and after considerable
difficulty the vehicle was stopped, but not before running
against sev.rel lamp poste. When he alighted he found that
the prisoner was intoxicated, and on his using abusive lan-
guage he gave hint intecusto iy.—The pri. once odd that •
gentleman had given him adrop of French brandx, which so
overcame bisnthat he did not know what he was about.—
Mr. Cottinghsza said that drunkenness was an aggramition
of the offence, and as an example to him he should commit
him for one month to the House of Correction.

MONEY MARKET.

FRIDAY Evax i No.

Money was more in demand to-day on the stock
exchange, and was paid as much as 3 per cent. in
quarters of unexceptionable credit. Parties not of so
high standing paid rather more upon securities.
Money stock came forward more freely in conse-
quence, perhaps, of this demand fur money, or it
mi ,ht be on account of the unfavourable complexi
of the Austro.ltalian complication, threatened, as it
would appear, with a summary cttlement in the
shape of an armed French intervention. The report,
pabliabed in a third edition of the Daily Newt

shortly after sli-ey, diet an expedition et rags
and men-of-war wt• actually preparing by
the French gorernment fur the occupation and
defence of Venice, seemed te. be confirmatory of the
armed and active interference decided upon, of which
the intention was before only surmised from certain
movement* of French troops. The, with the money
sales of stock, depressed the prices of consols at once
about 1 per cent. They were 'old early in the
morning at 861, were heavy bat stationary for some
time at 86 to 1, and then declined to 851 to t. At the
clew of business there was &slight rally, and Camels
left off 8.4 to 2, both for money and account.
Deduced Threes were 851 to 6. Threw and-a-Qoar-
ter per Cents., 881 to 1. Long Annei.ies, 81 to 15-
16. Exchequer Bills, 28i. to 31s. premium. India
Bonds, 20s. to 235. premian.. Sauk Stock, 196
to IL India Stock, 237 to 239.
The fall in CJUSAI was a discouragement far the
foreign market, where there was some disposition to-
wards speculation in Dutch and Peninsular securities;
prices gave way slightly, or wen: has firin, in the
after-part d the day in conseqnence. Du,ch Two-and-
a-
per Cents. were voted, however, 441 to 51,
as before; the Four., 701 to I. Itemise, ex-divi-
dend, were called 97 to 9. Belgian Four and-a-Half
per Cents., 70 to 72. Spanish Fives, 121 to 1 ; the
Threes, 231 to ; Passive, 3to 1. Portuguese, 22
to 3. Mexican, 161 to 17. Peruvian, 29 to 3L Bra-
silia, 72 to 4. Chiliae, 84 to 7. Venezuela, 15
to 17.
In foreign exchange tho variations from last post
day were gone inconsiderable. On Holland the rates
were rather in decline for busine,. done. The nego-
tiation. on Amsterdam were 12.1 to 11; on Rotter-
dam, 12.11 to t ; on Antwerp, 21.80; on Fraukfort,
121; on Vienna lower, at 11.5 to 10; on Leghorn,
31.40 to 60; on Naples, 37/ to 38; on Madrid, 454 to
;on Lisbon, 51; tot—all at there mouths. On
Paris, at short, 23.30 to 33.
The scheme of Senor Sancl•o Silva for tho re-
arrangement, or rather the re-cutting down, foe the
third time, of Spanish debt, as reported by the
correspondent of the Express from Madrid, has
been considered too ridiculously. absurd to merit
the slightest attention. 'I he principle on wl.ich it is
founded, if principle bo at all concerned in it, is one
of unmixed and unmitigated spoliation. Neither
here, nor in any of the continental money marts
which have had the misfortune of being entrapped
into financial transitions with Spain, and into reli-
ance upon Spanish faith, will such a scheme be enter-
tained for • mom'nt. The buy pe'positiun of it is
an bush such as may, perchance, airiest the uttentior,
and command the interference, of the governments
whose sabjec a are thus aulaeiouels threatened
with uriparielleled robbery. 'the float cial iniquity
may in the long run become mixed up
with, as an aggravation of, political fsrievances,
to be visited upon Spain fur retribution one day
or other in some more peremptory style than
the petitions and memorials of suffering and d, traded
bondholders, superciliowly coneigne d al re fe r e raison
to a day that never arrives. Senor Sanciao'a mon-
strous propaitior, • ripped of the obscure phram o-
ogy in which it ia enveloped, may be rendered thus.
He proposes to give 601. in a'2 per cent. stock for
each 1001. of what. is curiously mild active debt, en-
titled to 5 per cent., but on which dividends have rot
been pad for many year. : secor.dly, 4,1 of 2 se r
ants. for each 1001. of overdue coupons : thirdly,
251. of 2 per cents. for each 1001. of passive debt.
It
most be remimberel that the creditors had, in 1834,
been mulcted of oze-third of their titles of debt, and,
for the sake of securing what was deemed a perms-
rent settlement to be carried out in good faith, had
ItherallT cemented to the sacrifice under the Toreno
eanversion.
The Bank of Englend returns for the w:ek end-
ing the Seth instant give, as compared with those of
the week preceding, the following re,ult :
creationism* ‘2411453,124
Orrikelos NU'S 15,115,040
Plbisdapeeite 8 .9,374
Other depealle . 0 4.,713092
OWl944rWt senatias 1
lallokbittoplismt starsum.
mar samdiss ...... 10,990,004 Imams KM
O. sod Maw 13,943.963
7 daa awl OW bt.te... 1,01,376
4..6;1
ItgaisiL 45.56m0 . ;memo 5.!.104
The reserve of notes in, the banking department
stood at 8,734,2401.; increase upon the week pre-
ceding, 283,9301. These returns offer no peculiar'
feature. The slow progress of the accumulation of
Ctindsreits is, however, deserving of notice. The
in eon and bullion was mainly referable to
anaidsrable emir. of Russian imperials.
11•1111.0 Y OLAN —Amos? the Week wading Avavet
• uslASTMiure.
Webs Wood t=aht.Litt ... S
dm ti94:2
mad Cote sad Hake 1:,0 LW]
Bihar Unable 111..1d
/26,114.1.129

/054,3•116.
RAMIS DIPAITUM.
WOW al ....04.4.41.000 Governmeat Peaorttiee
an
3.; MAW iludal. Ihvbd Weight
ePieleeliaria
t=ri= Other eaeurttles le.ite.ted
New
D•l4, sad Div. MOW 4.1,0.171 Gabler! dam Oda greirel
Other Dermas -- 8.71.1.63
Deranddraadedrerlelle 1,0.2.14e
L 14.716.513

I{. NASSUALL. Cad Quads'.
IPIr2IDS.
Inds Pl.OOO.
Ditto. undo ft. 400. 913 070
CAIWASIP 11,4 Aeomuot, SI; t slSarah,
114" 214
; Jule. 5 pm.
Ditto, email, 21,1. liantb. 31
I FUNTIA.
3 =Olt paha Booth. Acct.,
41 444 Ct. lielgiam
fut
24 p.n. Calk-7
34 44 Ifttek I;3thisigs,
GoAL. 444
4 per Ct. Dutch 1.4.161143.144. 707 11

1:32.701.613
Avila 13.1 ML 1
ES °Lulu
leek Neek. IN
kpa CI. Sal. Aar .P 4 j M.,6 1
Ct. 000.• Ass .., 04 4f 4
""=:41%. t.4170!.4.4". 1, ,L,.
$
ladle INN% lIN
Spa OS Plealas. NIL Nis,
WI.. Pirseles Opede. i__
s. hammer Dad.. at
lasii.fa 0 I .
II per Ilswies mesa. IBA/ N.
iis es Ow.
Am IX lisela leads. di.. has ,
"la.. LW
IN
SICIIANOINI AND STOCK. ABROAD.
Vase 4 t ritkltutrains Fla pas Cast. Coat.. SgoDl...t7ifiltai pi:
deft, 0,
O as ; Lem us. imihjeurssagne. §6 r 1... shy... I.U.
Iseeasesukes.ll. : INto 441771; DM*, VA/.
• of da ettcy I. • Mo. ls.
ra. ;Gliton.pir biikat,(a Leal.. UAL
tzazer4„:t
Illa., 74 5-13 b.a.. 7311-12
lam'' • Coot., tlUd $1 blaa.meaV•
Gamow . 1131 I ; es7sisaes. lin 13d;. es rale.NA

rpsato

RAILWAY NEWS.
The share market was rather heavy, and sellers on
time bargains more active, mainly in consequence of
the depression in Consuls. Elmo, however, did not
give way.
MEETINGS. CALEDONIAN. Ilalf-yearly General
Meetisir.—Mabttrib, Aug, 31—Me. J. J. 11. JuLnitooe
is the ehair.—Mr. Jalott, Manchester, after the seal Lad
been attached to the register of shareholders, moved, with a
view to sacutein the exact stake which the ciir.oton
iudi-
vida Illy had I. the compary, that the names in the r•gister
should be seed.—This was opp Atli by the directors, on the
gvouad that it renal be a breach •A confilenos to esp.eo
anal • natter. Ultimately the diihnsairon on this point was
terminated by Cal. liseeloneld, one of the direestin, stating
that some of the directors held more boss fish Caledonian
shares than was seceseary to quality them, and once of them
lips.-11r. Bandits, C. 8., in the ataenee ut the secretary from
indisposition, then read the daimon.' report, which statid
that the continuance of the financial pressure prevented the
directors from urging forward the works with the tapiility
which was cattemplated at last half-yearly meeting ; tmt
they have been enabled, by great ezertiuts, to bring them
at length to a aumendial termination. The Ca-llceary
branch having been opened on the 7th inst.,* communicatiou
L Our established by the Caledonian Rod aay and th r
in alliance with it grim London to Stirling, Perth, Dundee,
Arbroath, Foriu, end Montrose. But the value o: this
eateneion cannot be fully estims'ed until ties carnelian
is fuemed through the town of Perin with the Dundee
line, and until the trunk line is completed to Aber-
deen. The dircetom assuril that both of thee-. ob-
jects will be effe.ted before their meet the shareholders
at the neat hall yearly meeting. Within the same time they
saticipals the essiploion of those works connected with
their Wm** which they have obesys cousidered e.eential
Is the dessispmeat of the tralfie—nantely, the ezteesion
of
the Garold& E Eau into Gismow, and thateompletion of
the Clpiesdele Janctson lines and its conneaions with the
Greesse, Eurneed, and Ambits lines, and through the
opesed Terasi4us Railway with tne harbour of Glasgow.
When Mess ham are .a operation, Uteri can be no resin to
douht thee the tharrhulders will receive an an plc return
for the warm which they have invested. Even in the pre-
sent imperhet state of the undertaking the receipts
have considerably eic.tetied the maitipatioes of the dins:ton.
The shareholders oi the Clydesdale Imetion Eadw.t will
hesseforth be gadded to a preferential dividend of 27,0001.
a year, bang sin per oast. as their capi•al of 450,00 W ; but
the gust impure e of that line, passing through a rich and
populous district, abounding In mineral wealth, hold out the
prospect of a emaiderable surplus beyocd tbe amount sue-
mimed. The Glasgow, Peaky, Greenock line will
shortly be entalgemated with the CaLdiinian, oa tines
which can hardly rail to be bacchant to this ciimpany. The
gradual Istria+e of the rootlets has already enabled the
directors of the Greensick line to make a dividend at the rate
of four per cent., keine the account guaranteed. And it
asset be doomed that when that railw.iy, hitherto holaticl,
is brought into swum:Coe with the :real system of com-
munication, not only in Scotland, but in all porta of the
United Kindest, its
The local traffic of the diaries inters:MAl by these lines
holds out every prospeet that this company will he relieved
from any has on account of the arrisiteemosts which have
been entered into with them, wl il.t a great, additional
amount of tnBie Moog the main line, which was ail along
the chief okjest, cannot sia le be secured by the animists

=pail OWNS saisitios thus established with the countit a of
Ayr end Reatrew, and the sdalitional facilities afforded of
access be the Western Higbanes. it Is with mach
satisfasties that the directors intimate that they have
at last seceeeded In effecting en arrangement of differ-
ences with the Ildinbergh and Oliver Heilway Com-
pany, *pee terms which they consider equitable. They
had booed to have hid before the 'bushel& nthe paslisaus
of chic anangement ; but although a satisfactely settle
meat has been effected, there are some matters of dotal
which require the sanction of the southern c .nspanise,
who are copulae" in the ken of the Seated& Ceara Rail-
way, befen theme primulas can be officially anuaneed.
Tbe arrows sa tbe several awes of shares at the preens
time are es follows l—Os 601. thane, 31,1101. ,• *n che*.
dale heasticia shun, 4,8261. ; oe half-abuts, 193,6151.
The shareholders will perceive, that whilst the arrears ow
the 601. sad Clydesdale Junction shares have been reduced
to • small amount, a very large sorrel uvulas upon the
half-shares. nor have the directon by their amnia exertions
been *sable d, in the present depressed position of monetary
affairs, to enforce any further pigments. This hat in-
duced theta to recommend the adoption cf a proposal
made to them by many of the shareheldere, for the re
etriction of the halt to quarter shares. They bee,.
there is no other MOM by which the arrears on these shares
can be realised. The revenue account, after making provi-
sion for the eividends on te • Ounkirk and Wisbaw stocks,
exhibits a balance .t 21,4051. 19e. 101.1., which, as applied to
the cern! chargeable to the part ot the line iu operation for
the four months up to the 30:h Jane last,►shows • return at
the rate of 21 per not. per annum. The directors, however,
are of opinion that it would not be prudent to make • divi-
dend for this broken period, and they therefore recommend
that the above Wanes should, in the mean time, remain at
the credit of revenue account. With the railway
opened for public traffic at an unfavourable season of the
year—with imperfect station accommodation fur pas
engem with were is dequite facilities for concocting the
goods and mineral traffic, and ebb tee line to the period to
which these accounts are made up only in operates he
about four months, the directors consider the result te be
higely encouraging. Notwithstanding the continuum el
most of these disa !vantages the weekly receipts have glebe, ,
ally increased, and at the present time show an advance al
upwards of 30 per cent since the 30 h of Juno last. The
arecton recommend the eeversion into stick of all OLIO
paid in full. The mune' will have the effect of enebline the
holders of the shares so converted to trawler their interest
therein to whatever eetent may be conveuient, without
reference to the number or denomination of the shares. It
is a meteenre which is generally adopted, and has been Naiad
of considerable advantage in otter companies. Mr. blestew
man hawing resigned his seat at the board. the eillesers
tilled up the vacancy by electing J. H. Maxwell, Beg , ef
Dorgan'. The capital account to 30th June last showed re
etipts at 3,635,83131. Its. ild.; expenditure. 3,993,7311.
16s. Id.; balance opted the company, 337,8931, 0.. 41.
The revenue account to same doe showed receipts at
93,8371. BS. 10ed. ; /Weer smelts, 72,4481. Ss. lled. ; balsam
in favour of revenue, 21,4081. 19s. 101 d.
The Chairman a aid that in rising to cell the attention of
the altareholden to the r port which had just been reed, he
found himself precluded from heir g oelige4 to go into some
el the tonics that wen thi rein coo named. When he had
lest the honear of appearing before them et the special meets
lug he hod entered at c ai.i !ruble length iuto the details of
the p oi-ion of the works, and of the remits whack were
Ilk ly to flow from the oonspletien of the connexions to
eery. out which funds were provided. As in this epee
allusions were also made to some euhjects welch the diremon
proposed to make :wetter of special attention at • future
period, he thought th-t it would not be advisable to go at
length into them now. There were, however, • variety of
poutseion which he wished to make • slew oh crudities. He
would haat rater t, the erosion made to the incomplete
state of communications with the north of Scotland, se it
was meet ury for the shareholders to understand tautly the
posit' in in which these other lines were placed to rani/ the
Caledonian. It was stated in the report that the connexion
of the Castlecary breech with the Scottish Central was on:y
opened en the 7th August; and it was only • few weeks
before that the Scottieh Central itself was opened. But
though that lane was in very admirable conditiou, compared
with many other lines, at the period of its opening, it could
nut he imagines' that on the hist bringing of traffic upon it,
strangeeni rats could have been made of such • noun as
would create even an approximation to the development of
the traffic which might be expected; and he therefore
trusted that the shareholders' when looking at the returns
yielded by the Scottish Centre, would not take them as any
indication of what was likely to taw along that
line. It should a'so be borne in mind that the
other two lines of communication with the north
were both in a very inettop:ete stare. It wee mestiosed the
other day at the meeting of the Scottish Midland, that the
attempt had not even been made to carry any goods along
th at lue ; seed when they (band that there was as yet no
direct conenueicatiou ice tween Dundee, Montrose, Arbroath,
he., and the toy of Glasgow/ and England, which teem
se tied great inconvenience to all meshes in ending goods
tram the northern manufacturing pl :en which he had men-
tioned to Gewgaw a at England, they might form some idea
how very little these distracts had been worked, and what
prutit they might eat (*pent to realise (rem them. They
were aware of the great acinity which prevailed in the
places he had refined to—of the immense traffic which
Was carried On in Dundee and the neighbourhood;
and they were also aware that the direction which
the greater part of the maaufactuied goods took was
that of Glasgow and the north of England.
Although at present there were &Wades in the way of
transferring tootle of any kind, arrangements were in pro-
gress by which, at no deems time, the directors thought
they woald secure the advantage of baying conveyed along
the hw almost the whole of the goods made ie that part of
the country. With reference to the Glasgow, Paisley, and
Greenock line, be might state that the procces of that rail-
way, even in its pr. sent insulated lesbian, very nearly
amounted to the sum which the Caledooian engaged to pay
its shareholder, and that during the let year they ace-
Welly paid the divi :end. Prom the emberneaed state o
commercial operatiene it might be that there might be •
st.ght dalciency at the proem. moment, but there wad
not be the shadow of • doubt that the moment when
the communication with the Caledonian was completed,
there would be considerably more revenue re slimed from
that line than would cover the guarantee. lie had now
great satisfaction in adverting to the amicable arrangement
which had been effected between the Edinburgh and Glee
sow and the Caledonian Companies. lie would not go into
the causes of the dell-recce that previously existed; but ha
WOOI.I state that, after full consideration of ell the points is
dlepute, he was happy to have to mammas that these had
been settled se term' which he believed to be just and equi-
table as needed both e enpanin. These terms would
enure to the Caledonian the very large amount of trams
to which they were legitimately entitled from the north
of Scotland to England, and also from the north
of Scotland into the city of Glasgow. There were
minute details, which would not affect the substantial at,
returnees which remained to be adjusted with the
Kamen companies. He hoped to have had it in his pewee
to bare led the whole of this matter before them as a
flaWbed transaction. The monthly beard meeting of the.
London and North Western did not, leaner, take place
ell the 9th of September, and therefore it was not in his
power until the anang. ments Were sanctioned by them to
give tbs.:knits to the shareholders; but he might slab is-
regard to the great and important points ce the trues
action, that they secured the whole traffic front the
north of Scotland to England. sad • very large
portion of of that from the worth of Bcotlsnd to Gim-
ps to the Caledonian. The Edinburgh arid Glasgow Rails
way would, on the other he. d, be secured the trail. between
Eisluburgh and follaseuw. The Caledonian would be weaved
in the traffic pew eding from the towns to the west of Glee
gow. He *ow came to a point on which there had been
considerable dig. rental of epees. The peke to which he
aiiuded was the restriction of the halfha.Ushasce to quarter
there., or char. sof 121. 10s. each. T. the messes, itself he
Was riot sure that any objection could be mist bet it bad
been bead, mid appotently a ith a good dal celestite, the.
seeder this arrangement, a great and mem almetege will be
given to the holders of preference amen When they soot
died this question the y should bear In Ned theta matte.
min who held the halt thane would have mead be that peel.
tiot without any assurance that a restrlatlaa should
take plate. Bad it been is the power of the anthem
to have postponed for • time the issue of th. Be per
fence shares, they might have been et &bled W
have made preperatiens by which the 'leaseholders refereed
to, would have been le a realm to which, weenie' nibs
state of the Seem, they wen entitled. But the dinners
were in such a position that it was impose ble for item to
pathos. a decision in regard to the issue of pref. nauseous.
Conspiereble liabilities were incurred, and if the works had
been stepped much Witty would have been done to pre,
way jo that, situate d as they were, they had no alternative
but to Pee the shares peoportionally to the pestles at the
time as they appeared on the register of the woe any. Boy
after all, there was not so much in this question as, perh.paa
at first appeared. It so happened that these shares had met
gone into the market to any considerable exteat.l
The amount of injury to which any holder of the
601. shares was weejseted, was only the difference of the'
shares at par., and the rate at which they could be purcheed
in the maraet. Of these half shares a very masa. ruble
portion—he believed one-third of the whole—wen held by
the proprietors of 601. shares; and when they considered
the position in while they were placed, that they required
the wean an these shares, which amounted at present to
192 0001., sad that a call was to be made of 178.0001
making nearly 370,0001. necessary foe pushing forward the
works; and when they further took into account that then
had been called up let year 236 0001. of these half shares, of
which they were eta, able to realise 60,0001, he trusted they
would beef opinion that, looking aide hoariest which the 601.
shareholders rd in this ooneere, it was worth their while to
make the small sacrifice they had made, in order to snare
the nalisation in • moderate space of time of the sum
netheary to carry_ on the welts, and to place them in an
efficient state. With reference to a subject which was °nu-
m ing a good deal of the attention of the shareholder,
namely, the qut stem of guarantees, the directors had had
under their consideration the most advanoujeous way in
which the. matter could be brought for a ard fit the fair end
fall dimension of the shareh elders ; sad they bad determined
to call a meeting as soon as the arrangements were
fairly put into shape. Let it not be under-
rood, however, that they were going to take any one
step to commit the company, beyond the point to which
they were committed now. They would be just in the same
state th nas thee ware at the present moment. Teen was
nubble in the arrangements which they had to carry out
which would have the affect of limiting or restricting the
liability of the cempeny, er of pursuing any were that they
chose. The directors thought it would he better, 'instead
of taking up the question of the guarantees Jae now, to
hold a eluvial meeting in Width tor that purpuse, previous
to which they would furnish the shareholders with a painted
detail of all the circumstance* connected withtheeegualenters
its order that they might declare whether these were trainee-

time whh which they sheald goon ter not. And unless they
amid melts oet a
they
that these wen judidests l
who seamsemate they would deserve to be assured fork e
ewes. they bad taken in going so far. At all event. it
amid be time se much the purer time as now ; for
the essepomesto that were binding then would be no more
sir as smatare than wets binding cow. He would avoid,
Iladers, Ow tineher into the subject of guarantees at toe
poissia Mme.—Vs answer to a question the Chairman
notell Met ermagemenn with the &AIM Central, the
Demlige smPerth, eke fleeteLh Midland, and some of the
mean Vasa, had sot yet boa submitted to the
shamedismi ]—He sow came to a pots% which had also
*WM • good deal of animation among the ehareholders.
mil which *Arad to the oriastitettioa of the board
ef direetors. They led lately had a vacancy in the dirge
tics, sad hem • holies existing that, in the must state of
the weeks, a smat deal of attendee wee required, the date-
tote bad sened that it would be most fur the interest of
the set reboldises to select • gentleman resident in Edinburgh'
to fill the meancy—a gentleman who was qualified by ta. 1
lents, bolus habits, end • readinea to devote very much of
his time to farther the interests of the conmany. In making'
the selectionof Mr. Hall Maxwell to fill that vacancy he can ,I
anted that they had meads • selection of which every one
who knew that gentlemen would highly approve. Bat
while he (the chairman) made thie statement,
he was free to confess tut the directors thought
there ought to be, at an earl, period, an elec-
tion of keetlemen to represent the k ogliih shareholders. '
He weld emu them that the diresters would apply them.l
selves to .übmit certainly two gentlemen, at no d stant
period, who thy they thought, from their situation, busi-
nem habits, and general knowledge, were well-calculated to
represent the sharcholden in Enoland, Le well uto support
the directors by their whet,. Tb y were all 'meiotic to
harem• sang, from time to time In L melon. Without he-
lls" prepared to say that any of the half-yearly meetings
should be held in London, because that might Mule: gr at
iseevenienee, as well as be attended vita expense in tale
las up the staff of the board, he thought there
were questions of policy which might be disteimel
with great propriety in London. They would endeavour so
to strange their mutinies that when any great que slime of
polity were to he considered, these questions would be taken
up at meetings in London. It we., perhepe, right that he
should mention that there hod been put into nis hand., and
that within less than an hoot of the time h • had the plea
sure to enter that 000 m, a long seeks of elabaratel drawn
questions, involving matters, in tome eases, of great detail;
&gaol many of them appiiceble to questions of tolerant. so
which would he submitted to the special meeting to be
held is Leaden, and some of them touehirg subjects to
gobble he intended to draw their attention, or had 'Crude
dome& One of thou questions, he observed, had referettee
to the qualifications of the dinetors, but as this had already
boss emswered, ha did not need to allude to it.
' Mr Tie—Who put these queetione ?
1 TM Chairman said, the letter wes signed eC. I. Julett,"
AMMO' of the question• put had reference to the amount 1
el Meek which wan held by the direetors for hehuuf tit the,
eampaity in other lines. To this lie had only, in the mean-1
dem ton
h say that the dthe behoirectors,
of of iu tho exercise of their
tilieretioeld, fur tho company, a
missidareile amount of shares in over lines. They had
Wren these *hues for two purposes. In sow' ewes, for pr re
teetieg the interests of the company at a time when hostile
steps were taken *gains: them ; and in other cure with a
view to carry out arrangements with other companiee. lie
did not think, as the trius.eatioes were eutered let ) for these
purposes, that the statement should he given of the amount
of shares which they held. He could assure them that
the directors bad no interest except what was
for the good of the shareho:ders, end he had no
hesitation in saying that the transecticns were entered
into with the most band Jade object. The directors may have
been wrong in the polmy which they had followed, but not
in the object which they had in view. When the statement
Is repent to this m etter was submitted to the shartheltlers
it would then be time to louden= or approve of the policy
of the shareholders. He had no hesitation iu saing that
what was asked an this point at permed would lead to ember-
resuaent, cad probably cad in the defeat of the object which
appsmod Mhe he view. He had to hesitation. Mercier*, in
tYswiaghhelseYnthe meeting, and asking them V. sup-
poet him is the Imams which he intended to pursue, and that
was to decline la arm tile question. At elute.. time, and
when it would be mem ispremble to the feelings of the Wrec-
ker. every eissaartawsh masected with this matter would
le submitted fitly to the els reholders. They would then
be obis so judge them; and to approve or dis-
approve of their madam Ile consequently respect,
fully declined to answer the wieetion. Tiers wee
I another question which, being cue of detail, be could
sot take upon himself to answer explicitly. I. had ref, ream
to the probable expense of the workaoo which they were now
mimed. As all gentlemen connected with railwey maven
Mew, questions of expense beceute matters of reference alter
the works were finished. Until theta works were Seabed i:
would be impassible, Outwore, to say how far the
estimates might be exceeded. He did not be-
lieve that they would be, for they wen all aware
that • margin of tea per cent. was left for
purposes of this kind. His friend, Mr. Renege's. the
engineer, however, was in the room, and be would, perhaps,
give any infer:Mien on that subject that was mewed. Awe
the question in the paper which had been submitted to him
tailtt. Julott, he observed had reference to the point
there was any arrangement by which the Caledm
Musa Compaay participated be the guarantees made by other
To this he had at once to say that they did nut
is any guarantees made by other companies.
Mew ghat • feeling et anxiety and of some impatience
1 hod lima imaileced by shareholders in regard to concerns
lei this kind. They had seen the great reverses connected
with everything relating to railway undertakings during
the last 12 mums, and it was very natural that there should
is a feeling of anxiety on the rile ct. He did not object to
Itheelesire manifested for information, nor did be übject to
what wee called the sidutary control of shareholders. On
the contrary, he was ever ready to listen—and he was sure
that the same was the case with his brother directors—most
respeenalty to every suggestion that we, made. The
idiregene would weigh and consider well the seems*.
time that might be made ; and having nothing at
Mat but the Interest of the concern, they would adopt
whet they thought advisable. He could not, how-
ewe seinda from taking advantage of this opportunity to
en that they should ra her take the deg-
IMMO the dlr,ctors than those of anonym us correspond-
I testa. He thought that greet injury had been done to the
leseepany from the anonymous attecks which had been made
lagamst it—he would even call them unmanly attacks.
I Prom all the experience which the directors had in refer-
ease to the traffic which had come upon the line, and
Waft to the prospect, before tht m they felt as much con-
Sines u at any other period that on the return of better
I times, and when the mercantile enterprise of the country
Ives in a state of activity, the concern would ansp:y pay.
This great undertaking was now rapidly drawing to • state
of perfection, when its value might b. fairly tested; and
the directors felt peruse'. d that if the shareholders gave
the line another year, and lit the arrangements that were in
peewees be fairly carried out, there would be an amount of
then enjoyed which would secure a fair and adequate re-
turn foe the money emended. In conclusion, he begged to
move the adoption of the report.
Mr. Johnstone Douglas seconded the motion.
In answer to • question from Mr. Bleekadder, the chair-
man stated that the capital which they were authorised q
act of parliament to raise, would be sufficient to complete all
their works. It was, of course, impossible to state exactly
what the capital of the company would ultimately be, but be
believed it would amount to nearly 6,000,0001.
Air. Kynistar (Lancashire), said teat he observed from
the report that the working expenses of the line amounted to
46 per meat. upon the receipts. Now, he would like toknow
whether that ratio of *menu upon the receipts wes to be
coatinued, or whether by ecorowy it w ,old be sought to he
reduced. He believed that the stereo . :pewee on the Eng-
in\ lines was somewhere from 37 to 381 per cent.
Ka Irrington said that it was impossible on anew line to
missiste exactly whet the working eipense would be.
Derieg the first months of the opening of the Caledonian
Railway the working expense was probably 80 or 70 per
mat. upon the receipts; but he was hippy to say that it was
rapidly decreasing; and they might venture to hope that
Mrs wooed even work the line at the rats of 37 per cent.
I Adieu he could say was that the direatois were anxious to
I Mew the expenses to the very lowest point consistent with
Idle phi* safety, and when he was last in this eity a great
bed bees made.—ln answer to • question from
illaitirdlis ism, Mr. Errington stated that he believed the loco.
Mahe expenses had been 81d. per mile; and that, although
he bed not been yet able to meertain the expense of workipg
Vida is Well GS passenger trains, he had no doubt they
would be able to work them as cheap as other lines did.
Mr. Tito said he was happy to know that the pledges
whiah he hod made to the meeting of shareeolders in Lon-
don, on the faith of the honourable character of the dime
tors, had been all fulfilled—namely, that meetings would be
held in London, that English shareholders would be ad-
mitted into the direction and that no new guarantees would
be ends:taken. He silo, on the part of Mr. Jacobs, dis-
claimed all participatMn in the anonymous att. ck in the
newspapers.
A shareholder mentioned that the letters signed e Vales,"
which bad appeared, emanated from a party in Manchester.
who bee no interest whatever in the Caledonian.
Tee report was then approved of, after which the chair.
1 sus then moved resolutions, to the effect that the 601. 'hares
I of the company, as paid up, should be converted in'o stock;
1 that the 261. shares should be converted into quarter shares
of 121.10 a sech,:which, as paid up, should be consolidated
I into stock, like the 601. shares; and that arta* shares,
whisk were read, should be forfrited to the itompaay.
In answer to • question, the chairman stated that there
were 400 601. shine in this forfeited het i 10 261. shares; and
a Clydesdale Junction shares—Mr. Resister condemned
this forleiture as dishonourable, on the grand that it wee
Wok to make a man who had perhaps paid 361. to forfeit
his res. To this it was &fawned that the directors had
coedsm mews ia shah power to compel payment of the
oho holm monies se this extreme menus. The resole-
does were than agreed to.
' The Chairman next proposed a resolatios, to the effect
that Mr. Hastie, M.P., Mr. Anderson, Mr. Houldswoz As,
Col. Macdonald, end Mr. Maxwell ahead be re-elected.
' This motion was secondedby Mr. If.. Deragias.
1 Mr. fd•Miken moved as an amesdase* that Col. Graham,
Mr W. Judie., and Mr. USIA el Lradiaolsolit be elected
boost of Mr. Hattie, Mr. liosidowank aid Mr. Anderson.
I AIM • loaw and rather aerimohises discussion, is the
mane of which it wee stated that seine of the present
directors did not attend with that mpaluity which they
ought to the affairs of the company, eol that it was neces-
sary to have an infusion of new blood Is order to act as a
check upon the way in which sateen was managed, the
motion and amendment were pat to the vote, when tally six
of those FT.( lit voted for them aendment. it was stated, at
the •aose time, that the directors had • majority of 11,490
In their favour.
Sir Andrew Agnew thew brought forward his usual

swift egaime all railway travelliue on the Sunday. Aft*.
• peal thethaitea, the smiles was lost oy a menrity of 7,220
SHIM
The monk, then adjoining', having sat Pally five hoer,.
BLACRlltrasr. BOLIon. Axis WEST YouILSHIRI —Har
yearly ilsatisoL—lilackbura, Aug. 31.—Kr. W. H. Horn y
m tke cheic—The secretary real the directors' report, which
congratulated the slisreholders on the opening of that par-
don of their line which completes the comae *(canon be-
tween the town of Blackleurn an 1 Manchester. The tr.ffic
on the line already opened, especially with regard to goods,
could not be eonsidend as developed, it haying lean neces-
sarily confined to the throughlniffic between Blackburn and
Manchester. The receipts have been satisfactory, consider-
ing the general depression of comm. acid. matters and the
incomelete state of the traffic arraegements. A source ups
which the directors look with confidence tie a material is'
creaos of their reniptioeer this portion of the line, is the
opening of the Liverp.ol and Bury Railway, now nearly
completed; and by means where of, and in conjunction with
the Lancashire anal Yorkshire Railway, passengers, goods,
and min• rats, will be conveyed to and from Blackbure.te igen,
Liverpool, Bury, Rechdale, Leeds, and all parted Yorkshire.
The engineer's report stated that in consequence of the
pressure of the times it had been found necesaary to curtail
the expenditure on the contract from 111 a k burs to Clitheroe,
end that, consequently, the opening of that portion of the
line would be delayed beyond the period originally fix• d.—
The statement of accounts showed that the espied stock of
the company was as follows :—Receipts on caUs aud premiume
from sale of share., 660,2811. Os. 10.1 ; dishunements,
657,9161 Oa 2a., leaving a balance of 2,3651. Os. 81 The
revenue amount stated a profit of 9981. 141. ; and
a net baleen° of profit since the opening of
the line to Derwen, in Dee. tuber lest, of 1,0971 4s. 101—
Mr. W. Marshall did not think that, in the pr. sent at its of
the tines, it was di eirable to teemed, except steely, aleh the
unfinitheit works —Considerable discussion ensued as to the
ripener of c smpleting the Cli heron pinion of the line, in
the course of which the chairman mated that ho hoped it
would Si' effected for another M. call upon the shares. Com-
plaints were made as to the gum emended en the Melon at
Be.kburn, amounting to 30,0001.: 6,0001. would bane built
a station sufficiently large, and the net would have been
tatter expended in making the Cl there° line—Mr. Marled
and other sharehold• n cupid. red that the steep was not
too exteesive for It requirements of the company.—The re-
port re a adopted.
SCOTTISH CIINTIAL.—HoIf-yearlyMeding.—Perth, Aug
30.—Lord Duncan in the chair.—The din eteis' rep instated
that on the let March the imithern portion iif the line, ex
tending from Stirling to its junetian with the Edinburgh and
' Genoese Railway at Geeetihill, was opened for pas-enger and
I parcel traffic, and the entire line nn the 23rd Map. The
somber of
th pamei to es conveyed along the line, from the
opening to e 31st Jule amouinee. to 129,812, entirely free
Rom anidents of any kind. It was not to be expected that,
in such a ease as the Centr .1, which is dep ndent on another
ice t carry its traffie b pond its uwn boundary, its irreau-
ladies could be altegetteer avoids I. The meeting at the
foliation of the trains of the Kelinhureh and Weepier
Railoay had not algae* been effected at the tones
stated in the bills, and di appointments, arising fr m this
mean, have Pen caoiohally experienced by the passen-
gers of the Central; a corn spending leas of that being in-
curr, d when 'mg at the termini to thin wench was bat
at the junction. The dine, oat *ere glad to say, however,
that an arrangement bad now been entered into between tne
companies, by which to h delay will in future be avoided.
The amount of receipts to July 31, 'ening from traffic
was as follows—viz : —Front passengers and pet eels,
9,0f,61. o'. 311.; horses and carriages, goods, cattle, &c.,
9871. 14s. 41d. ; interest, 211. 17s. ; tutol receipts,
10,0711. 17s. Bd. ; deduct working tepee us, 4,6811. 12s. 61.
—6,4911.6.. 21., exclusive of the cost of =inter:pee of way.
It would be obscene, that but a very small proportion of
%hie revenue was derived from the cohy, ance of good., the
traffic which may be said to have scarcely commenced, as
the unfinished state of the line for some time alter open
inir did not admit of carrying on goons and mineral traffic to
advantage ; but as the goo's sheds were now far advanced,
and the sidine nearly finished at most of the cations, that
important branch of traffic would now be prosecuted to the
utmost possible extent. The coal treat would also come
into operation, bOh from the north, ru anit southern extre-
mities of the line, which would form a 'Amiable item of the
company's revenue. The directors had entered into an
agreement with the southern companies in terms of the in-
strueduas given to them at the list general meeting. The
espied account to 31st July last showed teceipts at
1,268,2421. 3e. 6,1.; t xpenditure, 1,24.1,4921. 17'. 31.;
balance, 22,7;61. Ba 21. The arrears of calls at same
date amounted to 18,4071. 10s. The Chairman was happy
to gay that since last meeting the whole of the main line
hod bent completely opened but from various causes the
traffic had not hitherto been properly developed. eAt Perth,
1 rom its position, they had a most desirable terminus; sna at
Greenhill Juection their line cams into contact with other
lines—the 11 linburgh and Olasoow, and the Caledonian,
which was lately opened—so that it was still impossible to
calculate as to what the traffic would yet be. In 'staling
provision tar tl.e public convenie nee the directors had ex
• toed themselves as much as possible. They had been. spa.
&ally attentive to the eddy of the public, and nut a single
accident had happened. lie then alluded t the negotiations
between the Central and Catalonian, the fate of the
Leasing Bill in parliament, the differences which that
matte? produced, and expreas.d the pleasant he felt
at the harm ny which was now all but secured
by the negotiations wldch were at present in progrese—
The Marquis of Breadalb one could not take such a very sun-
shiny view as the noble lord bad done of the proceedings in
connexion with the railways in Se tland, and went on
at great length in explanation and defence of the course
which ho had pursued when he acted as chairman for the
company. During his speech he read a letter from Mr.
Dundee, brother to Lord Duncan, expressing dissatisfac-
tion at the agreement made with the Southern Railway
Companies, and in which Mr. Dundee gave his opinian that
all pelts above 11 p r cent should fell into the Scottish
Central Company. The noble marquis said he coroners I
very much in the opinion of Mr. Duudes; and in future ar-
rats/entente he would sueeest that his suggestioes should be
kept in view. He could not but express his dissent at cer-
tain portions of the report read, but he had no wish to oppose
its adoption, although he could not assent to the whole of it.
After even discussion, the report was adopted.
Dprnae AND PaitTH.—Half-yearly Meeting.—Dundee,
Aug. 28 —Lord Kenneled in the chair.—The directors' re-
port stand that there had been en increase of from 1001. to
1601. per week on the revenue, while so additional extent
of raiiway had bale opened. The income was fully five
times as great as was derived from the Dundee and Arbroath
lino during the first year it was open.—Lord Kinnaird said
that the bridge at Perth was in full pipets, and was ex• ,
petal to be completed, along wilt the line into Perth, by h
the cad of September. His lordship then drew attention to 9
the feet that, as yet, they had only had the conveyance of
the heel traffic; and that, in consequence of having no a
eressilag to the otter side of the river, the conveyance of coals ill
and lime and through trifle was debarred them—that there
was no coin north of the Tay, and as Dandee consumed
great'y exceeding 100,000 tens, this traffic was very important.
At the present moment, too, though they had cat tage to pay, ij
they could send goods into Manchester and the other pried
pal townie of England about 10a. cheaper than by any other
route. Were the connexion with the other reitways Poo "
plated they would be enabled to do it still chcapei, if neeeie i
easy. Ris lordship then referred to the lease of toe line by
the Caledonian Company, aad stated that bee des the agree-
meat to lease, there was another agreement which had been i
entered into, and was now In operation, by which the full
resources of the line will be made avaimble to the share-
bolder*. By this the Caledonian Company are to *urk the j
has, suppls mg plant, &c., for one-third of the gross proceeds.
This arrangement, even although the lease was not carried
eat, would, on the completion of the line, leave a dividend of
per cent to the shareholders. His lordship then referred
to the Deride. and Arbroath Railway, on which, in cmsc-
epeence of the opening of a portion of the Aberdeen line, a
considerable Increase of traffic—as high as 2001. in one week
—had taken place. His lordship concluded by moving the
adoption of the repent, which was unanimously agreed to.—
The directors were then authorised to exercise the borrowing
power %seder the act if aectessty.
Duntttt AND Brunner. —Half-yearly ileeeng —Dubliii.
Aug. 30.—Mr. John Barlow in the cnair.—The directors'
report stated that the line from Drogheda to Duod ilk
would not be opened for some weeks. in connouence of the
unusual floods in the White River having carried away the
Wigs over it near Dunker. The account* renting to this
pierce of the line had not been made up; but the director*
mama opinion that its cost, including stations and exclusive
Of the working stock, would not mined 10,000 f. per mile
At a mingle line of rails, with the land purchased. and the
earthworks completed for a double line. Venous rapes
bed impeded the epeeatious carryng on at the Mayan
'Branch Railway, and. prevented the completion of it at this
time. The engineer reported that it would take two
months to finish, when it would be heeded over to the
Drogheda Railway Company, pursuant to the agreement
made with them. The nooratuenda•im at the last boll-
yearly meeting, that the works should be confined to t.
he line between Drogheda and Dundalk and to the
Nevin branch had been attended to, with the ex. .t
ention of the necessary expenses for fencing ofl
the land pithead for the company on the remai .ing dial- 1
*ions, red a very small expooditure oa the content imme- o
diately enjoining Dundalk towards the nortb. The receipts ie
during the half year ending 30th Juae, on account of can., 311
amounted to 105,0431. Is 9d., of which 17,3161. belonged to
the ammo due on the 31st Dee. previous; and the expenditure 1
daring the sameperiod amounted to 115,0201. 14.. The direetcn
continued to pay unremitting attendant° the colloction ef the
arrears, the amount of which was gradually diminishing.
In April last, the board being desirous of completing the lies .1
to Portadowe, if it could be accomplished without premiss I
severely on the sharekolden, applied to her Majesty's go- 11
yerement for sesietance by loan, proffering ample security I
on property wholly uoincumbi red. Though favourably re- ~
coned by his Excellency the Lord Lieutenant, they regret
that tee application was not acceded to. It was not the in- ,
tendon of the directors to have renewed the application until
the hello( the subscribed capital had been paid up, 'out the
extreme severity of the past summer end the appiehensions
entertained of some of the growing crops, have made it im-
perative no them spin to solicit that aid which, if granted,
will enable them in some degree to mitigate the evils with
which the country is threatened, by providing daily employe
Mint to many thousands of labourers in those park of the
line upon which the earthworks have ea yet been scarcely
commence I. With the calls already made, this com-
pany will iron be in a position to exercise its
powers of borrowing, and the directors recommend
that a resolution be paned, giving them the necereary
authority for that prime to the ex; eat of 316,6661.—
The Chairman mid that • letter had been received from
Lord John Huron in reply to their comuntoication. It was
unfavourable, his lordship stating that in the present state of
the treasury and the country, he could not ask parliament
for the sum required ; bat he added that when it became
necessary from the state of the country to call parliament to-

guther to consider whether any fund should be placed at
;heir disposal to be expeaced spout the country, the applica-
tion made by the directon of that railway would be enter.
tatted in ensjunction with the applications of other railways.
-Sir John Mac Neill thea read his report as engineer in
chief. in which be alluded to the progress of the works, and
Mated that one of the lines would be open within two men the.
-Mr. French asked Sir John Mac Neill if the intik of the
line was ballasted strictly according to the specification ?-
Sir John Mac Neill replied in the negative, and stated that
so far ea Winding went the work was not one-third &dated.
-Mr. Lund asked it it would be possible to open the line on
the 7th of September.-Sir John Mac Neill replied in the I
affirmative, and added that the ballasting would go on after
the line was opened. The line at present laid down was in
such a state that it could be run over at the rate of 60 miles
an hour in perleet safety.-The chairman said he had no
doubt that the line from Drogheda to Dundalk would be
open upon the 6th September, and he did feel that they were
in • position to open the line ; if not, he would have been
greatly misled.-Mr. W. Lund, an English shareholder:,
said that as the shares of that company Wt TO very widely
spread, and many of them held in England, he would ',repose
the following resolution: 0 That the report of the directors
be circulated unoest the shareholders one week previous to'
the half-yearly meeting fa February, 1849. That a copy of
the list of registered shareholders, with their names and ad•
dresses, and the number of abates held by este, and amount'
paid thereon be retch ehareholder, be circuleted with. said re-
port."-The Chairman said that the subject of the circulation
of the report and accounts came before the last meeting, ann
it wanthen decide d that they should, if possible, be circu-
lated a short time previous to each half
i yearly me, tine.
The accounts were circulated, but it was founts mpoesible
to wad the report, in consequence of the accident which
happened after it was drawn up-namely, the falling of
the t ridge-and which rendered it armoury that the report
sh,uld be drawn up anew. Tne subject, however, of the
circulation of both the repot and the account' would receive
the best attention of the directors ; for his part, he sow no
ohj. ctiun to its being done. The ether part of the propoei-
tea, however, relative to the circulation of the names of
the shareholders, with the number of shares held by each,
end the amount paid ud on them, wee attended with more
iliffieulty . A groat number ot shareholders, not amongst
the c:kst to which Mr. Lund particularly referred, would not
wish to have their names and the number of shares which
they held published to the world.-Mr. Lund ; 1 can't un-
derstand that. 1 hold 100 shave, and have not the least
objection to that tact being known.-The Chairmen said
that, notwitiodending the state of the times and the difficul-
ties through which they had passed year after year, and
were passing still, the entire amount of arrears due at that
' moment upon this vet y large mu 71 which they had toe Meet,
amounting •o between 300,0001. and 400,0001, did not
amount to more than 100,0001. Of that, 40,0001. at hut
belonged to the seventh call, which he might say wee
only et course of collection, and, as to the remaining
00,000/. of arrests', they would use tutee utmost endue.
veers to reduce it, and he had no doubt that they would
do so considerably. Taking all these circumstances
together, he did not think their position was so startling.-
Mr. Lund : There are Lumbers of persons to whom we can
never look for the payment of their cal.s.-The Chairman I
put the resolution of Mr. Lund, the part requiring a state.
meet of the amount due on the shares held by each proprite.l
tor b. ing omitted, and it was adopted.-lit reply to a ques-
tion from • 'shareholder, the Castroism Mattel that as soon,
as the works of the Navan Branch Railway were completed
and handed over to the Dublin and Drogheda Railway Com. I
Fan', the proprietors of the former would be paid 4 per cent.
ou their outlay fur the list twelve months; and at the end'
of that period the race of interest would be increased to 6i
per cult., to widen the Drogheda Company were bound by
a deed.-The mooting was ohen 1113C.0 special, when the di- I
actors were (nip°
*teed to borrow a sum not exceeding I
316,6661.
SIN fail OFTfE ISSUING WEEK.-gran Railway Chronicle.)
Maktikes.-Etuulairek and Northern-8591. 9, Limburrh, at t ;
Lancashire std TurMhire Mem:hater • Mee-beater,
Wilma, Matlock, end Midlands-Sept. 7, Derby, at 3:
Dime:ice-camera Comities-en per sham now payable ; Great
North of huglana- es the lOW. shares, If. Os. 3d on the NM
shares 11. los. use the 301. shires and 4a. 3d. on the let. shares, no
pay able ; Ureat Western-At the rate al 7 per sent. per anima • lull
and Selby-IL 1
os. on the shares, and ll.the 231. sterna
DOW payable • Lancaster sad Carlisle per whole share, cad
le. 84 ppa+rr raw Shen: Leeds and Bradford -11. 3al per
share ; Llyavi Valley-At the rate of 3 pet cent. per an-
num; toucan and Blackwell-Is. bd. per share; Loodier,
Brighton, and South Coast-13e. on the 301. cot solidated stock;
Loudon end North Western-at the rate of 7 per etst per un-
seat • London and South Western-At the rate of 6 per rent. per es-
teem:sew payable; Manchester, elaelnald, sad Lincolnshire-At the
nee et 3 pee amt. per annum on the 1001. dense, and 71 per cent. per
maea the dh .1.10 and Muchester No. quarter shares, now
y Midland-6 per cent. per annum an the easeolideted stock,
on the mamotated preferential stock, an the 431. 10s. shares and the
Eyewash Veleysliares and 24.6. 44. on the Sumdn6W® sad Derby
stock, an plie Sept. 4 ; Norfolk-At the rate ot 4 per cent. per an-
num on tee sapital Mock, and Zs. per share en the new 201. shores.
Payable ispe 7 • Nix to suafordseire-ta. per share; Northeinra
Ss: on the 301. shares guaranteed I per cent. psr annum,
11. les ea the 304. shares, guarantee* 6 per cent per annum, and
16s. 6d. pee share on the 231. paid an new ehares; earth Leste-n-
Ils. on paid-up shores 13e. 9d. on shame created Marsh
19, 1846, and ales fld. on shares created November 7, 1544;
South Yorkshire, Doomatet, and Goole-At the rat* of 6 per met. per I
annum; Taff Vale-4i. on the 12/41. original shares ; Whitehorse
Junction-2s. per share, payable kept. 4; York Newcastle, and Ber-
wick-At the rate of Bpm mug per annum on the consolidated stock, I
on 131. of the Nem:mile and iterwkk original shares, on 131. of the
North lide.de parttime therm. and at the rate of 3 per cent per
annum en the remaining 103. of the North Melds e shares ;
Took and Norte Mldlandisioent. on the mnso stock, sad
Ils. ea the Last sad West shares.
'Waseca Booms Cusses- burgh and Noetbern-Till Sept- 9;
Lancishire and Yorkshire-Tall Sept. 6; Marehesur, Buxton, Mal-
ice, and Midlands-11d Sept. 7.
TRAFFIC.-Weeks ending Aro.
nicee 19 to Ara. 2.1.-(From the Rohm,
afteed
t 1847.
' eilr!lcedoosad Bieske
llandamingismike..
lend Louiensadarm&& 11. Wean..
Dank
g at
Ideas. MIA a ILLaa.
c &Cattalo..
Ilia 04 Western fl
Newcastle & Carbide
North Wettish ,
&MAI M Central
ilwewsbury &Chewer
Wade Devon
death Neaten'
Ma Vale
Ulster
WhlleaMOVab.MMe
York. New. Bak
York & N. Midland

1114., Lane., & Chub _
OalcOnteau . . 4,,
(7bede. and .11.471e1 2.2111
Duldln a Drogheda. 737
litudaora. 1.1,4
Duna. Pla.kabdaJa. 1,147
1.41.7aa .
Mat La.:white 1,471
&tamales a Need 14.49
Vadana MD=
I.4habargb itt.o
0ira."121),112.,N4 Air. 71t14
Ulm.. Pala., It Oro 1.143,
?ix
Eo~l'Madam— .314
I.arleta 01411761. 4.46
Lamellas* Ureetile.. 11.114 41.7711
, Walesa S.wiela 46,36. 46,67.1
75 44 AILS LibLrL
Sura—The t ve Ham la
tragaradalla Whom of
tam.

I,Vit
1.114
1.00.
IM;t2

ay~z
. ~~

1648. 1841.
1,101
10,214 11,24
11.021 10,22
lily 107
3,-06' 3,044
ogi 718
24,17;
as: 1.6 e,
3,001 1.904
1,140 -
, 742 1238
. 1.149; 1,t9
10,636.12,033
- 1,702
716 771
1,1 22
14.119 13,013
14447 9,387

JNBON, 139616D219 1.
UMW edarsour• dards actual
An in Maks lollon' prom
?AID.
54 1.104040. W• 444, 40 361 8
464 Do. MAIM l•l4de
3 14 Do. New, 401 151304
.41 Do. colt. 7D.1.46. 161 do
))) Do. do. 149146... 1613dt
116 Do. Thin* ld.
.. JD° N.5e.P.41.7 pl
'• lorDep.apewsloaila
14 cot..buier...d: 4 0.4 Id. 118
4 Madco-117161.A11a1. d
W
Mut.. &WI.. Marla. 66 68
TO 1.60. A'cos 101. Pref 6.6.- 11.
h.) 3.1171177361 BB 9 8
Su Do. 601, awe)
Iv 4), Du. Dim. t 66 67
1 . D•.C.8r14 Dr. 4164. 116 U
38 Va. &iota:Bo4nd
612 Mid.6l. ll'utardis;
lovid'necdade IS ••
90 Nnanourkel .
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16 N. 0.17 193131417 206
1
De. darks.— g id.
Do. Thirds .....
WO Norligt 69
W a
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Do.
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do.W ava6r9V do. 6 yor Cad
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6
4 N. Ceratlao Uoloo
2 oNwria. • 4:ol.West••• 11 01d
126 :..rth ..P.e.lachOuris • 46 I
6i North If estyra..
46 ,Oxf..Wor.initViotv. 93 cox.
4114a9.1.Graid. a hely. ly 001
171koptop. and Ilitc4o. 4 id.
S *Mid. Central
I. 16146674/7Alldkaad .
17 a Do. New..
T 1 ads:, teaiii4k.,l.llA
4 Do. do.. &P. i IL. .
9 5Am56.&814466.01 A 6+ 61.
6 Do. do. .11 1
46 6Arc••949;41/36'di Id.
8 Do. &aril
Id Do. 0, gt, abr. ..... 8 led.
I Do. New. 1 44.
it a. wialca: 121
4 , Unica.— 11 1
ik. Do. Dryterabn. ...
61 5..... Eae1,..d..,,,..... SA 014
ISt 2644/6
14 80. de .......A. 1 9 gd.co
IS Do. do. No l 121 as
0 Do. d 0....... No. 8 9 td.
10 D0..1n..e1.4
111 Wok*
4 S. lona. Dw....CCD
17, Thaws naval. thlk
66 Irskald.tLimeriali
166 Weir VellarB/4146.
36 Do. d0...10. . 271
4 Wilt; Soni..4lllo'iO7. 191
14 o,as. d .1.6:6.11494.
31 Vogt, Nom.. 17 Ws. MS
4 Du.4r7B.Newekltd 271,7.3
L'S Do 68.9•11/66 11 a
,1 Dodo NolDrlo7
eLier
9 LleiiN bl'urorkre4
A' lr•OckNielblUolland ex
10 Do.Prefdresos , 6
IS De. 6.3718.6.1.6.16 28 as.
Toulon R•74.wast.
61.411660-/M14114
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to Wrterd%l 13 86
1
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11 A So bitlxort
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II of Prides.. es
• o 6 Diellada 61
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•
7 OW=
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' Pads ad elsokames 11
Males .67d lierro
Son•tare 044 Dem 2 31
sad N 031434
Wog. 64•31.1468

.0 .4 ardent. .' . .15 20
36 losbirot.42 s ardent n 3.J.
1,. 16,41.4'14A Drales 31 44, ILI
134 "r. 11.411. de S.V.Ilk, 41 44.
. Ulna. It (Wood Jo 236
6 li .si.). Ma st.‘ bolo 1 OA.
14 11,,5t0l and lidator
26 tw.Ther. 4 lt IDL
141 Bockfooistro*** • 241.
q Da i Shdaie •T '
24 Do. f,10) Proorma,
II Charm a ilaridaa '•'• 6
16 Da. Profortami 14. tor
3,1 o.o.l4stlie(ft. Ja •
.6 1iAa0116.5116514D1
Lb De. Oa b.E. a H.l. 4
.1 Do.4l4.loallpermi. 26 3
* ilbouproCaraido•, 136 lin 6
6 Do. Now:/ grap.474 i
q uo. lata.sgle4.Nui ror td
44 Da do. • 40. tor
Dotivr.lt guava
56 Do. do.l per Olai. as. d.
LI
L. 6 sta.tres 156 131
a., Do. Nov ~- •- 1 ex. 4.
14 A eAlerie thdrie. (2.4
10 AP. do s 14134.
46 Do. do- . 14 131
6. 11 '', 04:6;,..ir1ek: l4.
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6, 164061.14.00041166000. 3
16 De. 7 Aiwa
134 Dr. j skarn llOO
2. Ks.ter,i &Nil. DWI 24a.
.7 arvit Northern 1 es 71
..t 1)0.1...5...t. 1'.,.6a : lid.
777 41t,800th twarAtre i7+
1.• Cart Swat 4/000P. 3.*
15 W. New. 4UI
31 W. her. 7W
14 110. Aar. 13i
90 kirest Wertarn...
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71 Do.
13 EDe. New. V 1...
7 LL 1 30.61 -
Iti I 646.6. res
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;0 14.4 cud TairsM
XI Do. New
3 Do. Pat. 6pa Ct
34 lar"Ovia....aa
2t La., Mar.& N.Js
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10 De. Eriesiso
Dr 40504,4"
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M Do. rio. 101
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lip

COMMERCIAL AND MARKETS.
SUGAR.—The average price of Saw, the produce of the
Pettish pcmundone in America, computed ham the returns made in
the week ending the 29th day c. August, 1910, is 23a. 91d. per cwt.
BLear the rmduce cu the Neu:Wiwi IS 4e. 94d. per cwt. huger toe
produce of ths Bast Indies is UR 74d. pm cwt. The average glee
of tbe three foregoing den:erica= jointly, is 24a. 6d. per cwt.
BRISTOL, Sin. I.—Tne market opened at the commence-
ment of the week with rather a dull appeases, but during the last
few days there has been a derided improvemsat In the demand with-
out, however, any advance in prices. me traneeetices since our last
report count of 300 hhda. and tierces Wert India, &nay to the re-
finers, stamen all.. to 39a, and 4,3v0 hones yellow Ha from
401. to els.; embed is in very good demand, and hat meet
a finials st ready rates. The low price of Wade (Ills. to 19s. Om
the best make) increares the consumption, and a lame banner ice.
doing in this article. Far rumthere is some inquiry, but the Menne-
time um not large.