The Express.
London, England, 1853-07-16 00:00:00

Mr. Arnold °burred that the public were indebted to
him for the course he hid taken.

LAMBETH. I
Henry Kirby Turinn, a lighterman, was brought before , 17La
Mr. Elliott on a warrant charging him with auaulting Eli- 1 .
tallith Lambert. 13d1 1
Mr. Elliott comment' a in intrignant terms upon his tin-.
I
manly, disgraceful, and brutal conduct, and said he should 7:
be wanting in his duty if he did not give him the full mead g
of po3ishinent which the new act of parliament empowered i
him to award, which was ail months inspriaoomeut it, the i a
I lions, of Correction, with laud laboar. I
_B.

SHREWSBURY AND BIRMINGHAM
RAILWAY.

Yesterday an important and numerously attended
meeting of the shareholders in this railway was held at
Fen Jul's Hotel, Palace-yard, with a view of considariag
what steps it might 'ac necessary to take to bring about a
change in the management and policy of the company, by
the removal of the present hoard, and the election of a new
set of directors, who might more fully carry out the wishes
of the large majority st the nroprietors.
The chair was taken by Mr. °EACH, M.P., a member of
the present b card ri director.. Among the gentlemen sup-
porting him were Dlr. Rebett Scott, Mr. Whalley, M.P.,
Captain l'robyn, hI.P., an ea-director, Mr. Robinson, Mr.
Ritoon, &c.
Mr. Scorr opened the proceedings, deploring that a 11
short line of railway like the Shrewsbury and Birming-
ham, possessing so many natural elements of prosperity, 11
and connecting together an many populous districts, should 2"
be in the unfortunate position of paying no dividend at all.
and Afirming that under prudent management it would t
have Income a valuable property. It was now full time I
for the shareholders to take the matter into their own hands 21
and to say what should be done. Varhius arrangement* I
might now be made, either with private individuals or
with great companies by which a valuable return might be 3:
obtained for their capital, but all there prospects were
thwarted by a board of directors, who neither represented II
the capital nor the wishes of the shareholders. 21
(Hear, hear.) Mr. Scott then exposed the means
to which thedtrectors had retorted for confirming their posi- II
tion, the losses which the shareholders had sustained, and
t e disastrous consequences to be apprehended from the
continuance of the directors in power. In conclusion, he 41
begged to move the following resolution :—" That this 11
meeting being of opinion that the disastrous condition of
this company has mainly arisen from the policy pursued by
the directors, considers it absolutely necessary that a change
in the management and policy of the company should take
place, there being otherwise no hope of securing those ad-
vantage sto the shareholders which should result from the
position of the railway and the populous munufactut ing
district through which it passes. This meeting, therefore, ,
honestly recommends the shareholders resident in London 1
and the neighbourhood to entru.t their proxies to the cons•
mittee appointed at the last general meeting to watch the
interests of the shareholders, with a view to secure the 21
election of other directors at the approaching half-yearly it
meeting of the company.
Mr. Wnemher, M.P., seconded the motion.
Mr. °Nadu, M.P., said that although he war a director 1
of the Shrewsbury and Birmingham Railway, he felt that
they had a perfect right to be present at that extra-legal
meeting. Same few years ago he unfortunately became a
director of the Shrewsbury and Birmingham Railway. lie 11
had not long held that position before he found there was
a wild notion in the heads of some of the directors, of two 6l
or three of them at least, who guided the affairs of the cow-
piny, and who controlled others of the board who had less
Imminent knowledge and less firmness. Mr. Oeach here re-
cited the history of the proceedings of the directors, whist' I
have been often before the 1)014. Adverting to the .
engagements entered into by the board, he said he had
himself over and over again endeavoured to promote friendly
negotiations with the London and North Western board,
and that company had stated, that while the shareholders 4,
in the Shrewsbury and Birmingham line had a bona fide 41
intention of entering into an arrangement with them, they,
on their part, would not enter into any agreement that I
would not insure them 4 per cent. for their capital. But 11
he could not continue to press this subject upon the London
and North Western board unless the shareholders would
act fur themselves in the matter. If they ohm to appoint
other directors he would ba answerable for the fulfilment
of that pledge of 4 per cent., but if they allowed the present
directors to remain in office, they must take upon them-
selves the consequences, and he would not ask the London
and North Western Company to consider any other interest
but their own. Moreover, be would not, as an honourable
man, remain any longer in his position as a director. He
did nothesitate to say there had been a total want of (mai-
deration for the wishes of the shareholders, and an entire
disregard of their interests. (Hear, hear.) It was very
painful for him to take the course he had done, but he felt
he should not be an honest man if he did not tell the share-
holders that they ought to take their affairs into their own
hands.
The resolution was carried unanimously, as also was
another, thanking Mr. Scott and Mr. Geach for their at-
tendance that day.

SIIGAB.—The average price of Sugar, the produce of
the British possessions in America, computed from the re-
tarns made in the week ending the 12th July, 1863, is
235. Md. Sugar, the produce of the Mauritius, 23e. 101 d.
Sugar, 'the proiluun ur U. 121. t Indite, 27e. 20. Tke
average price of the three foregoing descriptions of Sugar,
jointly, is 245.

COTTON.—Lxvskroor., JULY 15.—Sursts are steady,
and the better sorts fully as dear. Egyptians without
change ; the low qualities not easily saleable. The corn-
mittee of brokers place fait Uplands at 63d.; Mobile, at
6i6. ; and Orleans, at 7d. 2,760 Americans, 750 Surat,
and 60 remain are reported to hays been taken on specu-
lation ; 7,910 American, 1,440 Surat, 160 Madras, 130 Ben-
gal, 100 Bahia, and 300 Perwans for export. Sales for the
week, 46,770 bales.

WOOL.—L•su, JULY 15.—There hu been this week
a fair amount of business done in foreign and colonial wools
of all descriptions suitable for clothing purposes. Prices
are Arm. In English wool there is no change. Sales have
been small during the week.
SALISBURY, July 16.—Our half-yearly Wool fair was held
to-day under the awning appropriated to the purpose of the
Cheese market. The quantity of Wool pitched was very
trifling, business being chiefly done by hand samples. There
was a lull attendance, and as far as we can learn several
large purchases were made. Prices ranged from 120. to
13d. per lb. In the afternoon a public dinner was held at
the Three Swans Hotel, when the several prises were
awarded.

CORN.-LtitoOLN, July 15.-Our market was well sup-
plied with Wheat to-day. Trade dull, and very little doing
at fully 2s. decline on last week's prices. Wheat, red, 635.
to 665.; white, 675. to 60s. Nothing doing in spring Corn.
LIVERPOOL, Jot,: 16.-At this morning's market there
was a good attendance of town dealers and of millers from
the country. Wheat and flour met a moderate demand
both for consumption and for holding over, at an advance
upon Tuesday's prices of ld. per 701bs. and 3d. to 6d. per
barrel. Oats were in fair request, at an improvement of id.
per 451 he. Oatmeal was neglected. No change in the value of
barley and peas, but Egyptian beans receded Is. per 4801bs.
There was a good demand for white Indian corn, at
31s. 6d. to 325. per 4801bs. ; yellow, however, was neglected
and no dearer. Arrived cargoes are in request, at 295. to
295. 3d. for Ibralia, and 31s. for Galata, cost, freight, and
insurance. White American wheat is saleable at Bs. to
Bs. ld., and red at 7s. Bd. to 7s. 9d. per 701 be. Western
Canal Flour 265. 9d. to 275.; Baltimore and Philadelphia
275. 3d. to 27a. Bd. ; and Ohio 275. 6d. to 28s. per 1961b5:
Arrivals into Liverpool and Runcorn from the 12th to the
14th July, in3lusive : Wheat, 23,676 qrs. ; Malt, 63 ; Oats,
1,007 ; Beans, 2,631; Indian Cons, 9,6t2 ; Oatmeal, 260
sacks; Flour, 3,419 sacks, 11,454 barrels. Exports to Ire-
land; Indian Corn, 238 qrs. ; Indian Corn Meal, 367
barest,; Flour, 335 sacks, 306 barrels.

WAIWILD, July 15.—Our arrivals of Wheat are pretty
fair though by no means excessive; buyers are fairly
supplied for the moment, the trade consequently is less ant-
mated ; to avoid landing charges a trifling reduction is sub-
mitted to, and we quote prices Is. per qr. lower than last
week. Barley nominal. Oats and Shelling are fully as
dear. Beans without alteration. Other articles steady.
Imports during the week :—Wheat, 12,305 qrs. ; Barley,
228; Oats, 121 ; Beans, 365; Peas, 7.

SALISBURY SIIBRP, CATTLE, AND ROUSTS FAIR, July
lb.—This fair, which was formerly held in the Green
Croff, but for many years discontinued, was resumed this
day, in the Butts, at the top of Castle-street. The supply
of Sheep far exceeded the expectations of its promo-
ters, upwards of 10,000 being penned; prim were
awarded to the owners of the best flocks, con-
sequently there was some very superior sheep exhibited,
and those which obtained the prizes sold at very high
figures. The attendance of buyers was numerous, and the
trade was brisk, the whole being disposed of at prices a
trifle above the late fain ; couples from 40s. to 625. ; and
tegs from 355. to 455. ; Lambs from 225. to 355. per head.
The supply of Horses was was very meagre, and little busi-
ness eras therefore transacted.

COALS. LONDON, JULY 15.—Ships at market, 30 ;
sold 26.—Holywell, 175.; Rarensworth Hartley, 165.; Team
Hartley, 16s. ; Townley, 16s. ; West Hartley, 171. 6d.;
Willington Hartley, 17e. ; Wylam, 16s. ; Walls End
Frantwellgate, 16s. 6d.' Eden Main, 16e. 9d.; Lamb-
ton's Primrose, 161. 6d.; Walls End Lambton, 17s.
Walls End Londonderry small, 13s. 6d. ; Wells Ead
Russers Hatton, 17s. ; Walk End Backbones, 16s. 3d. ;
Walls End Cassop, 171. ; Walls End Haugh Hall, 16e. 6d. ;
Walls EndPesaes West, 165.; Derwentwater West Hardy,
171.6 d. ; Llangensmeb, 245.

SOUTH WALES RAILWAY.—TraffIo for the week
ending Jialy
1862, 1 leslo, 1853, 3,45 W. 3s. 11d. =corresponding week,
.M 11d. _ _

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