The Express.
London, England, 1848-08-24 00:00:00

THE EXPRESS, THURSDAY EVENING, AUGUST 21, 1848,

ANOTHBH I•OO.T.UFI ICUS George Thomas
Witemil, 2', postman. wee inflicted for ateltue apps' letter,
,„„e„,,,,,„g two s aperient and • pavuthviker's
This charge was else. iy established against the prisoner.
He was engaged in iarting lettere, and was °bon yea by one
id the inspectors ..t the Gen, raljPost.offier to tet in such
manner with regard to one of the letters as to excite bra sus•
piclon. The letter in question was found therly afterwards
in one of the water. closets, toes in half, ana its contents
abstracted. The duplicate was found in the closet. and or,
the prisoner being questioned, he admitted his guilt, and
raid he was sorry for what he had done. He had, it ap-
peared, been married shortly before the offence was eau•
mitted.—The jury found the petitioner Guilty,
Lose OT NIINSPAPEMAI 51ST 3Y POST.— W. Harvey,a
Poet-office kith r-carrier, was indicted for secreting and mewl-
ing a newspaper, value 64., the property_ of the Postmaster-
General.—Mr. Clarkson said that the offence with which the
prisoner woe charged was not felony, hut misdemeanor,
enaction by a recent statute, which stated that if any person
I employed in the Post-office embezzled or stole any printed
paper open at the sides and sent through the Post-office,
whether a parliamentary paper, newspaper, or any other
document of a tinnier character, he should lee deemed
guilty of the offence of misdemeanor. Th • learned counsel
said that in consequence of the numerous complaints of
irregularity in the delivery of printed papers passing
through the post this enactment had become necessary ; and
although the property stolen was notof any very considerable
„value, yet It was perfectly clear that the offence was one of a
very mischievous character, and which required to be re-
premed. He then stated the facts, from which it appeared
that on the 13th July a Times newspaper was posted, ad-
dri seed to • lady named Robinson, in the New-road, Croy
doe, and this paper or ver came to heed. A few days after-
wards a sestet was nude in the house of the prisoner, who Is
a postman at Croydon, and the fragments of a sewseaper,
which from certain marks upon it there was very little doubt
wan the one sent to Mrs. Robinsoo, were found in it; end on
his being questioned he at first refused to wive any expla-
nation, but at length said that he could not account
for the possession of the paper. These tuts
were proved by the witnases ; but Mrs. Robinson,
in answer to • question put to her by Mr. Ballantine, said
that she bad known the prisoner as • letter-carrier for a con-
siderable period, and he bed always delivered herletters and
papers correctly, and she thought he must have forgotten the
paper in question—The jury returned a verdict of Not
guilty.—The learned Baron remarked that although they
had come to this conclusion it was clearl) a case in which it
was the duty of the Postmaster General to institute an in-
quiry. Where suspicion was directed to • public officer
there was no alternative but to send the case before a jury,
in order that it might be properly inquired into—The jury
said they quite concurred in the observations of his lordsidp;
they thought it was a v. ry proper case fur inquiry.
MOHR ROBBEHY NY POSTMIN.— John Prenaeroille, 10,
letter carrier, was indicted for feloniously stealing a Utter,
containing a claque for 291. 7s. Id., the property of the'
Postmaster-General, and in a second count he was charged,
in conformity with the statute which has only become -law
within the last few days, with feloniously receiving the
cheque, knowing it to have been stolem—On the Ist of July
a gentleman named Grauiger, who carries on business in
the City, eeclosed • cheque for all. 7s. Id. in a letter, ad.
dressed to Mr. Penitent, South NVhartroad, Paddington
The letter was never received, and on 4th of July, three days
afterwards, the prisoner went to the establishment of Messrs.
Moses, in the Minorkoi, accompanied by soother man, and
represented his name to he Marshall, and he required clothes
to be made for himself and companion, the price of which
amounted to 71 12s. On his being asked for a deposit he ten-
dered the cheque in question, end Messrs. MAPS having sent a
messenger to Messrs Stone, Martin, and Stone, where it
was made payable, ane ascertained that it was • genuine
cheque, gave the differenc and it was arranged that
the clothes should he reip'y and be sent for on the bellowing
Thursday. The cheque it appeared was marked "and Co.,
so that in the ordinary entree it would only be payable
through • banker, and Messrs. Moen having endorsed it it
was paid in due course. On the 10tb July. the prisoner sent
a boy with • letter to Masers. Moses requiring them t. dit•
liver up the clothes, but in consequence of a communication
they had had with the Post-offloe authorities the boy was
questioned by the police, end from his statement suspicion
was immediately directed to the prisoner, who directly a'ter-
wards absconded. In addition to these facts it was shown that
the prisoner wuemployed on the let Julys &supernumerary
letter earner in the North Paddington district, and it was
suggested that by some mistake in the sorting the letter in
question, which belonged to the South Paddington district,
had come if to his possession. The prisoner was followed to
Liverpool, where he was takes into custody be Puke, the
officer, and he then made a statement to him that he had
met • person with whom he had some slight cc tuaintance,
who told him that he had found • cheque, which could fitly
be cashed through a banker's, and he advised him te go to
Moses's and get it changed, and he consented to accompany
him. He declared that, in the first instance, he had no
suspicion of there being anything wrong about the cheque,
but he admitted that he did, subsequently, suspect
it had been improp rly obtained, end he was
therefore induced to abscond for fear of the consequences to
Aimee( for the share he had taken in the tranuction.— Mr.
Baron Platt, at the close of the case for the prosecution, re-
marked that Messrs. Moses appeared to have acted very in
ciutiously in taking a cheque from a stranger which they
could see, by being marked " and Co ," was only intended to
be paned through a hanker, and giving Talldi.y to it by
sending it through their own hanker, and he said they ought
to have detained the cheque, and not have assisted in pass-
ing it —The jury found the prisoner Guilty of feloniously
receiving the cheque, and he was sentenced to be transported
for ten years.
New COURT.
TH3 CHAHOS or POLOONINO.—In the BOUM of the morn-
ing the grand jury returned a bill not found against Mary
Spry and Mary dews Dore, for the wilful rnurdi.r of Mary
Ann Theresa Dore, by poison.

Ornate/4am inquired if the prieor.er was connected in a.;
in the it, cot that morning he
way with the Welsh church ?—A geotl man stood for-
gate him into cense r
weed and said that the prisoner's real name was the
R. v. John Harris, and that shout four nr flee year. ago
he officiated at a chervil In London which he (witness) at-
tended, but that sines that pciod he had lost eight of him.
That the witness was a native of Ceroigenshire, and was ae-
quaintei with the deacons of the churchesin Carnervocohire,
and knew that the signature. to the petition were false
Mr. Cortingbani asked the prisoner what explanation be
thought proper to give to winnow a charge t —The prl'oner
said that he admitted it we, true that his name was Harris,
and that he was a native of South Wales The real facts
were these : A clergyman named Phillips, who had recently
come up to town from Cernarvooshire, introduced himsslf to
hiss, and at the same time informed him that he was deputed
by the deacons of hie church to collect subscriptions in town
amongst their countrymen for the repair of their church
and school ; that the person alluded to engaged him
to must in the good work; and that, acting in
the capacity of his agent, he went round with
be petition, std certainly did receive subscription.,
not in his own name, but in that of the person by whom he
was employed. He now, however, clearly perceived that he
had acted wrong in doing so, but at another opportunity he
should be enabled to give such an account of the manner in
which the money so subscribed was disposed of as would
absolve him from all blame in the transaction.—Mr.
Bar-
rin . Wheal asked your name( you rEstinctly told me that
you were the Rev. John Phillips, of Vingeddy, Wales. You
did not mention a word about your being engaged as an
agent in the business; nor did you tell me that any other
person was deputed to collect subscriptions but yourself.—
Prisoner t I acknowledge that there I was wrong, but did
of at the time view it in the same light t do now.
However, if I am dealt leniently with by these gen-
tlemen, I shall do ell in my power to dis-
cover the person who :employed me in the
business. The prisoner further stated that the gentle.
men present were aware that he was of a highly
respectable family ; that he had fur some time been
a resident in London, and was on the eve of establishing a
school, but that this unfortunate business would frustrate his
plane in that respect, and be the means of plunging bin
tensity into ruin.—Mr. Cottingham said, that after hee.riog
the circumstauces he could not admit of any compromise ;
the frauds of the above description, perpetrated under the
guise of religion, bye person of the prim liar's sacred calling,
he, the magistrate, considered were of the most aggravated
t.
description, and richly merited punishment. In order, there- 1:
fore, to give the police more opportunity of apprehending
the other person engaged in the offence, he should remand
the prisoner until that day week, when he would be brought
'up (Jr further examination. The prisoner was then sent to
the county gaol.
THAMES.— UTTERING Fo ILOZD CHEQUES.— R. Ineilley
was charged with uttering a foi ded cheque on the London
Joint stock Bark for 101., si.med Kirby and Co. It wee
proved that he obtained 21. from Mr. Rountree, landlord of
the Crown and Sceptre, Poplar, nn a representation that the
cheque which he left as a security for the repayment of the
money was a flood one. He runner promised to ivy Mr.
Rountree GOs. in part liquidation of an old score when the
cheque was cashed. On pees. nting it at the bank Mr.
Rountree was informed that there were no effects, and that
no such firm as Kirby and Co. kept an account there.—Com-
mitted for trial.
DISTRESSING CAex —Moryaret Allarton was charged
with attempting to kill her infant child, Frederick Alletrum,
tight months old, by cutting his thr..at with a knife, and af-
terwards attempting to destroy herself by cutting her own
throat. It will be remembered that the itrisoner attempted
tt,ie double crime whilst in a state of delirium, mulling (it
in understood) from fiver under which she laboured —Mr.
Yardley, considering that it was the province of a jury to
decide on the circumstances of the ease, committed her for
trial, and she wall taken back to the hospital of the prison.

MONEY MARKET.
WEDNEr•DAY
A somewhat remarkable absence of busine
has beau the characteristic of the stock market
to-day. It was reported that the Bank broker
had been a teller of money stock to the ex-
tent even of 100,000/., but the fact was not con-1
firmed on inquiry, and, if a selLr at all, it could be
for a smaller amount only, in fultilmetat, probably, of
some commission from a cheat of less importance than
the Bank. Upon the whole the funds showed more
firmness, although prices ruled with no material vena-
tion from the closing rates of yesterday. Consols
left off at 86 to 1 both for money and account, and so
were called nearly all day, except that for a very
short time the price was made, and business done at
861. Reduced Threes, 861 to 1. Three-and-a-Quar-
ter per Cents., 861 to L. Long Annuities, 8 13-16
to 1. Exchequer Bills, 280. to 31s. prem. India
Bonds, 22e. to 255. prem. Bank Stock, 196 to 8.
India Stock, 237 to 9.
The foreign market exhibited rather more activity
to-day, but without materially disturbing the range
of prices,. The chief transactions were in Portuguese,
which in result left prices at 18 to 19, as before.
Spanish Five. were 11; to 121 ; the Threes
221 to 1 ; Passives, 3to 1. Mexican, 161 to 17.
Brazilian were sold at 72, and may be quoted rather
better than 70 to 2. Chills°, 84 to 6. Venezuela,
15 to 18. Dutch Two-and-a-Half per Cents., 44 to
5, the Fours, 70 to 1. Belgian Four-and-a-Half per
Cents., were bought at 70, but called 69 to 72.
The correspondence betwixt the agents of the
Mexican boadholders in Mexico and the Mexican
POLICE v _INTERDAY. Minister of Finance, inserted in the Fzpress
MANSION-HOUSll.—Cesaos or SBDITION.—John yesterday, ii not calculated to inspire much confi-
Shaw, against whom a warrant had been issued several days dence in the resources of the Mexican govern-
ago by the Level Mayor C r having attended an unlawful matt. It may be admitted that much financial
meeting and used seditious language, was brought before embarrassment must necessarily follow the con-
his lordship in custody Much curiosity was excited by the
elusion of a war through which the chief
examination, the prisoner having been chairman eif the meet-
ing in the Milton street Theatre at which the alleged seeli sources• of revenue had been cut off by the in-
tious words were used, and B. B. Bezer having been a few vading forces, and the ent my's occupation both of
days ago committed:to Newgate upon a similar charge.—Mr. the porta and of the capital cities, so that customs
Hayward, from the office ot the solicitor to the Treasury, le duties on imports and exports, and the alcabela
tended for the prosecution, and briefly stated the nature of
duties on the internation and consumption of im-
the chugs, which wit, precisely similar to that on which
Deur had been brought up, Gni which has already ported commodities, were equally intercepted and
appeared in this paper.—Mr. White, government appropriated by the occupying enemy. Under such
short-hand writer, stated that he had attended • circumstances the application of the agents of the
public meeting at the Milton-street Theatre on bondholders, meritorious as it was, and strictly in per-
the evening of the 28th of July. There wee(
formance of duty towards their clients, could scarcely
et first about 100 people collected, but the number increased
till it reached about 1,000. They were the gr Ater part of have been expected to receive a more satisfactory
the poorer chimes. The prisoner was called to the chair. answer. The state was without funds ; the ex-
The meeting was called together by • printed bill. Witness chequer was another name for beggszy ; the
had taken short hand notes of two speeches made by the first instalment of the United States indemnity,
prisoner. Having read extracts, containing the alleged sedi. .
amounting to three millions of dollar., was
tious langvsge, the prisoner said I do sot at all mean to
impugn the correctness of the rennet, leut I wish, in but a small sum after all for the re-establishment ot a
j'
huset'inlsrt°esentwhen.other speeches have been made by me?— foreign foe, found itself involved in a formidable do-
Mr. White: I have.—The prisoner then Raked • question re- mastic insurrection against its authority, not yet pat
lative to other meetings ; but the Lord Mayor decided that
down. It may be repeated, therefore, that no other
it could not be put, and requested that he would confine
himself to what hod taken place at the meeting at which the reply could fairly be anticipated to the reclamation of
speeches were delivered. The prisone r apologised the agents than what has appeared. Cash down the
tor any error he might make, in consequence of government bad none to give ; but, BO far as official
his want of knowledge of the forma of low aid verbiage, the earnest wee given that all engagements
said, Did I not endeavour to quell the rising spirit ot dissatis
formerly entered into should be prospectively fulfilled,
fiction when the attempt was made to eject Mr. Nash from .
tine as the 20 per cent. share of customs' duties',the meeting?—Mr. White: You did.—The prisoner: Did I
net do my lest to quell ail disturbance likely to take place ? the tobacco revenue, the duties on the expoit
—Mr. White: Ye did.—The prisoner: Have I rot done of the precious metals from the southern ports, all
my best, at different meetings at which you have seen me, to which were allocated specially for the security of the
prevent breaches of the peace and disturbance of any kind ? Pay pof dividends and redemption of principal to
—Mr. White: You have.—Toe prisoner: Did I not succeed e
in making the meeting to which you have particularly al. the bondholders. 'I he orders, says the minister, are
laded a peaceable meeting I—Mr. Whit Yes. You advised already given for the particular appropriation of
the people to depart peaceably, and they did so; but you these various funds to the service of the foreign debt.
did not prevent Mr. Nash front being turned out—Constable We are not of the number of those who would count
Rowley, 169 ll,:d..pored to having apprehended the prisoner much on these promises, or these positive verbal stepa
at a public-house in Windmill-street, Haymarket. —The pri-
soner was then committed for trial.—A true bill had been towards performance, because there must always be
found against him on the previous day. grave doubts of the ability, as well as of the earnest
GUiLDHALL.—Exeenstvs SYSTEM or ROBBERY.— and honest resolve, to curry them out. Crediting the
H. 7saner, a freeman in the employ of Messrs. Dickinson government in sue with the honest resolve, the
and Co., Old Bailey, wholesale stationery, and'. B‘anchett, ability may still be wanting. But in a country
S. Cowan, F. Edwards, and R. Williams, were charged, where governments succeed each other with (very
the former with stealing, and the red of the prisoners with e
e. hange of the moon, and w here every change brings
receisiog a 'area amount of property, value unknown, the
property of Messrs. Dickinson and Co. The particulars In a fresh covey of official vultures hungering tor
have several time' appeared before the public. All the pri- prey, and eagtr to turn to the most profitable account
son, to were committed for trial, but Cowan was allowed out the short term of usurpation, it must evidently be only
on the same bad as before. too doubtful alnlier contracts will be adhered to, or
SOUTH WARE —FRAUDS UNDER TUB 00IBE OF PIETY. the sacred claims of creditors regarded.
—John Harris, a baptist minister, wan charged with obtain. In the meantime there should still be some assets
ing money by means of • fictitious petition for subscriptions
in aid of the repairs of o chapel, and a school-room attached, towards a dividehd in the hands of the agents in
in Wales.—Mr. J. Harries stated that he lived in Broadwall, Mexico who operated the last conversion scheme.
elackirears, and that some days ago the prisoner called upon Moreover, they must have in hand the licenses grouted
him and produced a book containing a petition, wince de- for the importation of 100,000 quintals of raw cotton,
scribed the dilapidated condition of a chapel situated at
an article prohibited by law, which at the rate of 6
Salem, in Caroarvonshire, that 900 e bad been subscribed
by the inhabitants of the place, but tlee 4001. more were dollars 75 cents, per quintal, at which the licenses
required for its completion which latter sum it was trusted may readily be sold to Mexican speculators and ma-
would be raised by subscription in London, and that nufacturent' should produce 675,000 dollars, or very
the Rev. John Phillips was appointed for the purpose of a- far towards the amount of a whole dividend. The
lecting the money. The petition, which purported to be signed
govt.' nmeet is bound not to admit the importation of
by lour of the de ie. concluded thus :—" We have con.
fideoce that we need not appeal to the literality of those who cotson by its own act, or under special privilege, on
love the Lord Jesus in sincerity toenable us toliquidate a debt any lower terms. It may be allowed that in cotton,
of the sanctuary for the Clod of Israel." Then followed the as in tobacco, the United States, during their coca-
names of a great number of persons who had contributed nation, may have so supplied the country
various sums if money for the above purpose. The witness
moon a BI stem of no duties, that for some time
having perused the petition, observed the name of his own •• .
father amongst the subscribers, sad having some suspicion as after the evacuation no more supplies would be
to the genuine nature of the document, questioned the pri- wanted. Bat, as Mexico must have been without
Boner, who, in reply, said he was the Rev. John Phillips, capital to make large accumulations, it is clear the
the pastor appointed by the deacons of the church to carry licenses would soon beacene available for sale and
out .the objects of the' petition. Witness then requested realisation in money for account of the bondholder,.
the prisoner to coil upon him in a few days, but, in the in- ld,'
ectable t„sei, he acertaised that it was a deededs petition, mid e resp correspondents here of the bond-
that the prisoner and another portion (not in custody) had ho‘dera' agents in Mexico will no doubt be able to
in conjunction brained upwanb of 1001. from different be- afford the requisite assurances on this head to those
nevolent eersons, chiefly natives of Wales, by the above interested,
fraudulent practices. He added that the prisoner's name The General Steam Navigation Company have
was not Phillips but Harris, and that another petition of a
similar character was presented by the prisoner's companion, given notice that they are prepared to take cargo fur
end a considerable sem of money obtained by it. —ln reply Hamburg. The Hull steamers had previously signi-
to Mr. Cottinghsent the witness said that there was no suck fled the determination of contit.uing haslet,• sas be-
placs u Salem in Carnervonshire, and from itiquiriee he had fore. From the fact it may be seen that :a strong
made he was conseneed that no person was delegaed to raise conviction prevails of the speedy approach of a settle-
subscriptions in Loudon for such a purpose as teat described
is the petition. lie added teat the prisoner did not ca meat of the Danish-Holstein question.
arta him again, but that baring mat with him aoddmitany Lotion from Spain announce many considerable

mercantile failures in Madrid, principally owing to i
the revolution in France, by which the French funds
have been IQ materially dtpreciuted. It has lorii
been the habit among Spanish capitalists to invest
more ',specially in French funds.
Rif OLIPII FUN DP.
Bank Stock, 196 76 India Bowls. 11,(100, 24
3 our Ct. 11... d. Awn. MI Ditto, coder 41 NA 24
3 our Cr. Con, Ant,.. I.; ..1. inr A nCO.L. Ml* 4.1
New 31 per Ct. AOlO., ,4i4 4 But. NIL LOAM 2441., Nara,
Long Annuities, esp. bth JIB.. 31 : June, 262 pm.
1660,8 13.10 I Ditto, .C.ree, 56.1., June, 25 2 8 pro.
Do.* yews, e_s 6. Jan. 5,1860, 8916 Ditto, limall, 261., March, 29
brag Sleek. TM
FORITON 1/2711D5.
aper
6 waist. Bregillan Bonds, 73 3 Cent. Ppenish Bonis.2lli ,
;:risrro4. I°B•PrOaskaaltd.'lllt Igi II! r 15ralri at az
e II;
_ .1. 14
6 per O. Roods, di .frow per Cent. Dutch dooms.' r 2
No
,11i gull.. 444
EXCHANGER AND STOCKS ABROAD.
graiiii•, Apo. 18.—Atietrlasi nos per Cents., 434 •o Ditto, TOW per
Cents., 67; Ditto, Three per Cents.. Ditto. nend.e. Oaf pm
Cents.: 43. I,nsn, DO4, 134 Ditto. 1839, P 2. Bank Shwa,. 1.112.
liatousw, Auo. T2.—Lean, 1840, 77 : Ditto. 1651. TO 49i ; Ditto, 1106.
..4r, glue: of thst
sue ontk 1832. 161:.; BMW. 1043, 70; Wait of lie,
Aetvniurr, A ou. 21.--kzehnneelon Loudon'''. 23.42. .13.424.
HANSOM, Ave. 19noverlan, nee per Cents, 99; Realm nee
pot
COM., lismb. Oertlf , 94 90 ; Ditto EMIL& LO.l. 90 914;
DIU*. In Certif.. 84 46; New Four per Cent... Stewing sad Do..
771 T 7; Danish English 'Loan. 69; fivreeksh Ilypb. Cab. Loop, 94;
814.i4h (A. 51419.4) Roe Per Cent, 76 : Ditto, inland, Three per Cent.,
Ile 171. --.--- .

EXCHEQUER BILL OFFICE, WHITEHALL, ADO.,
1848.—Tne Lords of the Treasury have ordered the payment
of the principals and interests of Each, quer Bills to be made
at the Paynauter.Osneral's Office, a ijoiuilig the Hone
Guards, the Exchequer Bill office being removed.

RAILWAY NEWS.
Our share market improved yesterday, although
more in business, in which there wu more activity
than in prices. Brighton and South Eastrrns were
the shares most largely dealt in. In the latter better
pricts were obtaintd.
SNAKE LIST.—LOXDON, )11101:11T 23.
Non—Tae quotations of ace. In NOT. eirtracters lasts actual
trtostaisas: thaws of Slaw to Italia .then'
ft

,iD•
4

.houl.l otter n guarante of f or per cent on the full
the cattle.' expert, led by the sr ugh WA. s and that
canyon) should hate the beggent of everything leg the
fore the Great Weatern nag ained any participation in toe
-.
pod that rom.—Mr. dt;in iuer voidvoidthat thonrn no„, .„„.e.
.staled if the justice and henefetal tendency of the o
he had moved with regard tilt guar-vette. he would atehh.TS
until he had conferred with the de colors on the subjet.t._h ea, it
don then took place in which a drat propra-tore complaphd
terms of the agreement between the South Wales and Cent
Company berm prejudicial to the interest of the .2741
Objection we. made to the expenditure of el,3tief. goe 4,
railways, which it was dated the proprietors had only hie7Blll2
the aneurance of receiving a guarantee of 5 per ant. Ind, the Lill
Western.—Mr. tlou.dere (a director, road that the agreement thh..._`llll
the two enthrphiea was, that the Great Western took • deans,
South Wales, the latter to pay their proprietors during the, mat
of the line 1 per cent. on their cabs, and that when
they should have 5 per cent. guaranteed front r
Western Company. A madideation wee suberquently eheehr
that the numb Wales should pay to their proprietors 6
cent. during the perish of constructed, which
form a part of the eventual guarantee of the Gent Nemeth: 7.1
at that time thin were several projects before pail:talent to eihe:6
two companies were to tulle a common Interest, it wee enheedd
the South Wales were to render •ffierstariCe to a Cerlikill al!!
amount. Ile assured them th the Greet Water!, had -sem
of departing from their agreement.—The report wan aT6IIII,
vote of thetas to the cheirmen closed the preeeelings.
MTH trenAVEN JUSCTION. half yearly
.Ifeetnio•
Whiteharen, Aug. 22.—The Earl of Langdale In the cui,.
wet a full attendance of proprivtore. The directors' rpm =1
that the gone traffic yearling bad amounted tu 1,5171, rot t,.yd net
working expenme t)2,9i3/. 13s. Pei, hadn't a profit of I,g,e3clie.hl,
There was a dlepreable balance of 3301. 124. 7d., after paying
on the mortgage capitol and on the loan of 17,0c3/. 1 is., nj,
agry
the tankers.. A dividend of 2a. per share, amounting th
and leaving 301. 12s. 7d. to the credit of the eeht
year'. account, was recommended. The fp-newt- he...,
state of commercial affair• during the teal twelve agetta---"Z
operated prejudicially ageing the traffic of this hne, to
with many other railways, and thin dm.gression bad pen y id
particularly in the padeager traffic. The deers se is the th=
receipts for goods, oornpared with the Paine period lastyear,M-M=
2001. Au inamoe, however, in the other rumba:Ace teems
taken place to the extent of about PM. The worling elem.:7l
' been diminished by 3741. I3e. Id., although waft'.
30,a71 miles had been worked in compareson witted suet
during the previous half-year, and an additional eatehig
r cured in the maintenance of way, and the payment
rube, the latter keying increaw d from 39/.13v. 22., to itetlkl!
Two bills had just been Carried through parlivne nt —aye to ehhh:ti,.
company to raise a further ACM of money to inert their epee.:
and to omelet° the works, the other to g rite,' the railway- kip
' harbour at Whiteldven' and to form a junction with U e Wrath::
and Furness Railway. tinder the powers of the Me an
prey are authorised to raise 33,0001. by shares, end 11,01eter:
on mortgage. Coder thr mound they are irtatiorired tr mina'
by charm, and Inoue!. by hon. The dinettes nri;
consider it expedient to 00113131enee an new work e
sent, but aa the canton! had already incurred lisiZ
ragshe extent of 33.000 L, and a further rum Or 3,1111. Z
red to complete the works, It wee prop
to rape axeki;
the creation of 5,000 quarter diares, beefing • guaranteed rang
tenet of he per neat. per annum, and I ea unepee,
111
report was agloded.—The Chairman stated that it was the Mad,
a of therluectora to make a reduttion of 201. per month, by teed..
tinuance of one train, put oil at Mat by w..y of, remnant to he,
led the treasurership; end to Increase the foes on the has. Ail,
deed of 2e. per share leas income tax, payable co the 4th Rtpts vii
declared, and the retiring dind tors and auditor were revneeted,
meeting was thee made special, when the Oirectors wilt Wail*
to raise 25,0001. by able's., and /1,000/. on mortgage,
- -

VALE OP NEATH. Hallyearly Meeting.-1,0
Aug. 23.-21 r. F. P. Barlow, in the chair. —The wrung was
vcriad for 12 o'clock, hut atter waiting an hour, the Ctairrou
noutmed to the few proprit tors patent that as the act retpapd,
less than 20 proprietors to omistitute a legal meeting, and a
do
number had not amembled, he was obliged to declare the thefts.,
punted sine dir.—The dinctorte report, width was circulated n de
meeting, stated that they were able to report satisfactorily boos
pryersl pi ogress of the works. The whole of the line extend* bag
the town of Reath to the top of the Neath valley was in mow dies
motion, and the directors wookl use their hem endeavours to Wisp
the comp etion of that porton of it as sigedily Ksi,h., in otie
that it may be opened for truffle simultaneously with that pan a 6,
South Wales Railway communicating watt the pro of kraal ad
Swansea. The shafts and Iniutiogi of the Merthyr tootel had taaa
commenced, and it was the into noun of the directors unaiediably•
let the contracts for an additional six miles of the ling "bah voile
complete the communication basin n Ntath and Hireein. The pa
pietas would reoullect that at the last halflearly meeting illean
war =vie to • bill which the directors had thought it right to ins
duce into parliament, for the purpose of legalising the inthenplian
the South Wales Railway Company towards this nadertakii.s. ifal
hill had now been !sanctioned by parliament, and the tutwnption by
the South Wake Railway Compaij was thereby condensed end nth.
raised. The directors have made an applmathe toile Commistionered
Railways for an extension of time, awl a certificate ban ten granted
for a pond of two years beyond the time limited by the act. Adria.
rage has been taken of the present low price of in.. to osnuict be the
supple of 2,000 tons of rail. the contract has been entered into aid
one of the most extensive and animist rail =koala the teracipility,
and upon wry advaotitatow terms. From Mc statessent of aeon=
it appeared that 108,0041. had been reseivtd, and 45,6671.96,24.6.
waded, tearing a balance in hand of 01, 10s. ltd.
TENBY, SALINDERNYOuT, AND SOVTIi WALlt..—Half.
yearly Merting.—London, Aug. 23.—Mr. W. Chadwick in tle theirs-
The din etors' report stater ttp.t little had been door knee die Int
meeting, the Hallway Commiasloners having granted an extenikaal
two year, for the purl:lodes of Use company. A reduction but liew
erected 1M the clwrges of the solicitor, MS per bill &Werra Me
Saunderskot Railway and Harbour Company had reduced the Ws
rest from sto 4 per cent. The Pembrokeshire Iron and Cod Campy
was proceeding satiout !only, Toe directors of the Tatty Ulm
had only accepted of one moiety of the 5001. allowed them by do
proprietors. The wooants showed the receipts to be 3a24/. *LW,
and the balance in hand 2071. So. 3d. The Chairman elated dinette
the South Wales Rahway was completed to sauothrebog they weld
enter into an ;agreement The rep art was adopted, and a waimis
wan mead for dbowtinuing the interest to the shareholder Ts
roweling then adjoorsed.
GLOUCESTER. AND DEAN FoUEST.—ficallyearty Mid.
ins..—Oloucester, Aug. 23.—Mr. Samuel Baker in tie
director.' report stated that awsideralge progrew had beta nab.
the purchooe of land. They ninetieth however, that in assns
stances the demands were elm tutant, and they were marshal%
appeal to juries; la every case the verdicts were less that, teas
claimed. The directors had uhsitined from malting calla belied*
absolute wants of the coo pany, and transferred to the with Wain
Company the portion 01 the hue extending front the Grange to h
in conformity with the agreement entered into with themi.t
statement of aocountsahowed that 80,5501. tie had been mind,*
78,5301. 3s. Id. tapetwkd ; leaving a balance in hand M 6,0251.. Hall(
—The Chairman said the bralptp across the Severn would berm
merited early next year, and the whole of the works would be lOW
plated in full time W form the junction with the South Wag be •
soon as that line was ready for the trafitg—The report Weiss MI
adopted, and the retirikp directors re-elected, thanks Were radio
the chairman, and the proceedinp tetrainawn

Si SiS.
401sititds
.151
dr
Sid•

odd e 1.1
61 ed.
Meeting
ale directors'
. _
report announced, that in aceardance with the principle laid down at
the last meeting, to peer as lightly as possible an the resources of the
proprietor. during the continuance of monetary and commercial
difficulty, and to °online their operations within the narrowest limits
eonestent with their obligonons to the contractors, and with main.
tuning is good condition 1.. e works which were already begun—they
Dave confined the active proseeutio• of the work. to the most imp. t-
ent portents ul the line. They have entertained no new project; they
have incurred nu new engagements beyond those which hare been
already sanctioned; and trey have made no application to parliament,
except for a bill authoriaing them to pay 3 Miens,' of 4 per cent. on
the calls laid by the eharebol :ere. The application for such • bill was
indiromusable to give effect to the agreement which had
been entered into by the Great Western Company foe
that purpose, and to meet the wishes and expectations of
the South Wales proprietors. Both these companies used their
utmost efforts to procure the passing of the OW. The resolution of
the two houses 01 parliament, prohibiting the payment of interest on
calls out of capital, did not seem to impose tiny rests ittion with re-
spect to hue already authorised; het the committee of the Home of
Common., of which Cu Robert Peel was the ehaiiman, considered
that each a bill, if not ineonsiatent with the letter, would be inmost.-
tent with the spirit, of those resolutions, and the bill was thee het.
The directors, however, have received from the Great Western Com-
pany a renewal of the assurance which is oaeteined in the report of
the 25th August, 1847, that if their endeavours to obtain the sanction
of parliament should fail, the Greet Western Company would
substitute " • toll pecuniary equmalent in some office' form."
Respecting the works, the director. have thought it right to concen-
trate their efforts and resources on that portion cal the line which lies
between Newport and Swansea, because it nil. bring &large and pro-
fitable OfeCtloll into early operation ; became they are smelled it will
raise the value of the property by giving th most undeniable proof
of its capabdity ; and bemire it will eminently contribute to the te-
duction of the amount of interest which would be otherwise chargea-
ble against the mph lof the company. Their attention would next
be directed to the completion of that portion which will mantel
Newport web the Creel Western Railway at Gloucester. and they will
be prepared to resume active °penal.)s beyond Swansea as rem as cir-
cumstances will juetify them in so doing. In the session of 1016,
when it was proposed that the ei uth Wales Railway ebould
cram the ."cetera at Huck Crib, the Gloucester and Dean
Forest Company had a bill before parliament for making
• line of railway from Gloireecter to a junction with
the Monmouth and Hereford Railway, with a branch from
Grange Court to Hegloe, • distance of about seven mina. Contem-
plating the possibility of failing to obtain the sanction of the legisla-
ture, or toe Admirady, to came the Stern m the mode proposed,
. the
dinetore entered into an tureen:smut with the Gloucester forest of
Dean Company, that the option should be given this company to be-
come the owners of that branch. The airengement Lae been com-
pleted, and this portion of railway now oonanitrue son integral part of
the south Wales main line. The directors bare confined the calls
which they have made on the proptietore within the earroweet prac-
ticable limits. l min the whole, they consider that these calls
have been paid with reasonable punctuality ; but in some Manna,
they have felt it their duty to press, throueb the solicitors, for the
payment of such arrears as were due, and they think the time is now
arrived for them to announce that they will, at the neat half-yearly
immune, or at some epeciel general meeting to be convened for the
purpose, voiced to the forfeiture of there shore on which the wooed,
third, and liaurth instalments ideat then be unpaid. The timelier of
Vince in arrears woe 0,000. and the amount 3.,2121. due. The for.
educe of there shared will not releace the prom ietots of them from
the liability of paying the arrears due by them, and the solicitors are
now taking the unteriary legal steps, uoden 11.lf Yell.. Iron, the
buried, to recover Wee a. ream There will still remain unpaid on
the fiftli and teeth ins ahnente, &beet 65,00..1., but ae those instal-
ments were only made pay one on the sth January and 6th A pnl in
the present year, the dine ore think it woukl be harsh and precipi
ate to proceed to the fel (enure ot those Aare, nt the some time.
'fury will, however, tee every peceible effort to recover the arr.,'"
doe 04a them, and they will not hesitate to recommend the forfeiture of
Urethane if the ureters are not paid within • reasonable period. The
5,000 chairs which the S.iIIIALII Vale Company agreed to teeeive in
pigment, for the purchase of their line, under the arraugeinerit set
forth in the report of the 24th of February, 1017, have been placed In
trust for that Naive. An in t boring been pored in the ',tenon of
parliament of 1e47, authorising the railway commerionera to extend
the time which racy hove been given to reining companies, for the
COMM action of their knee, and tor obtaining compulsory powevion
of land, your directors applied to them fur such venation, arid a wen-
finite to the desired effect has been obtoined.—The statement of tic-
counts to 30th June Cot, !Mowed receipt., at 1,110,2001. ls. fol.;
payments, 1,017,0041. 12s. rd.; leaving • barmen in hand of
111,091. So. Id.
The Chairman ("premed the regret he felt in common with the
other directors at Me depreciation 01 the company's shares in the
minket. Bendes the eaves which had operated more or Les upon
every other company, there were other CRUM'S which had tended to
prodaee that matt. 'Caere wag no doubt that the railway system hod
been urged on too far, not by the old eumpruntr, but by the country
Milli the 1.-gianture, and the coneequence visa that n number of lines
Lad been carried through that:tete which were never likely to yield •
reniunenitive profit. But ho considered that the South Wales Com-
pany was very Cr nom being included in this number, for its poetic*
and character were of u on tire which rendered justifiable the !dirtiest
anticipations of ummete encore.. That succese depended not upon
obiaining a portion of the trafiie of an r liner, but upon creating
a new traffic of it. own. Ile regretted, however, that the pros of
state of the rental y and .W 0 money market did not enable them to
proceed with their undertaking with that speed wh eh wee desirable,
at any rate as far as tee entire line wit concerned. But the directors
conodered that by contieum their exertion to the completion 0.1
that portion. the une he.veeen Newport and ttwancee they would be
doing the beet they could to-evise the price of the share. and render
a large portion of their capital remunerative. lie alluded to the evo-
lution which had been passed at the last tunnel; by which tin unli-
mited guarantee on the amount eapeoded by the South
Wales was requested from the Grego Western Company—
& guarantee width he tkongat that or any other com-
pany would never be dispieed to grant under elieting mr-
cumatarices. He, therefore, urged the ptuprietorn not to pries tee
point or indulge in a course of agitation which he was assured would
be met detrimental to their interests.

On the curium bang put fur the adoption of the report, Mr. Court,
who stated that ne 1.1%6 a proprietor m the Great Wwtern as well ea
in the doutti Wales Company, made some observations in reference to
the proposal of a guarantee from tte Great Western Railway; and
threw out as • suatatiou that the Great Watson (lumped,

PAID. '.
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n MEETINGS.-SOUTH WALIS.-Hally, arty Keel
,i, -Landon, Aug. 13.-91 r. Charles Russell in lbe chair•-Tbe giro