The Express.
London, England, 1849-05-02 00:00:00

Pam sift Mais ; ma am Malt hi
losesiltimpe sok% et mut Mir Millia=t

And on net sell it would lien sat its evil offset, as sure ea
afoot weal follow seen. He hand, in a amoral paint of
view, that three poopmsilles amid wit be indulged
with *My to the_ of any psi*, nod might induce
~pameoowuapto Mown Nikkei gemblen kneed of basest sad
isdealetuen lendem Bet mon remdmi le he of 0 it was
sea merely She mama paling le 111111•11 of wfisi he ems-
=tbet eentrimmees of a Irene kind were nemed to.
rees a pract,ise of eanyissen time epersiatime in
▪ pereinler way the AMA Wog, an to mike ways,
Ma to positt by slums; end lite polet was Is gaga great
number eisberes; but ths_person *be obtained them did not
held than lee fast. He did net think Dee. was a
geed dig end Boldest a honor. He wanted ea digee of
his ohms in a great yolk awl it was thwelm .sentry to
maks it
izzet thet tinahern were of great value •
on
whisk In I will gamine 7 8, or 10 per rat. upon
the shares of line, ellbengl la realty they were only
making 3t per ant. at that Nom Ile know menyissimeas
of ruin which had been the iamb of this fraud. As sheree
rese—the dividend wee iimand—ond they nweeill up to
10, 15, or 20 per rat. Whet did lir. Hoban de, them ?
Why, he took the shame into the mein mil mid them to
the poor mimes who were wises Is boost their Nth pro-
perty where they could get se high a rate of Winn
The nut year, however, the Winn ware celled upon nest
memeMdly to pay up 26 per suet. as 1001. shams, upon
which 401. "may bad bon pen 1 beam Title was the are
with a surgeon whom he know,aed who had bees ruined in
this way. Down same the sham, which wars at 20 per
ant. premien, to 20 per leak amount, and thousands
were ruined. He viol not allude to any indivi-
duals to portionlar who had prastised the frauds,
bat he knew ou .tea who had guaranteed 10
per cent for wise. years ; mad, In hrt, all these people
waisted was & temporary Mee, in order that they might sell
their shares; end, to make their promise good for a time,
they laid the dividends oat of the what. (Hearkesr.)
He knew & party who had cried down North Western
share.; Its said asMing of the Midland—("haar," and a
laugh)—until be bey them ;or 1001., end be name-
gummy sold them at 1341. But this was sot the only shift
to which they resorted. etmcarthy friend of his, an elkdal
assignee in bealiespley (frliatlon)happeasol to Arm& so
legatee teemalthy elminiderinrailwms. lesevaelebsrea,
and he withal to Ink the Imes of the . They
es g du* had • Wiese at theft beakers' of The
mime was the Beath Devon ilea. He went to Plynnth
to mu So beak bat he was Will Mat he must not make any
4em thus. His warm however, was eases-
, Agnes, ad reeked the sanest of ihe
was len then 2,500 L, Me not ban raid;swic
bills, not ans of whisk
swap ; 11,00 W. of the debit was IZen by a 1

sobeitor of a respectable husk which he had
long knew% end he had glue those bits es his sells. This
led le talker ine, end it turd set that lib. Bauaden,
who mdeyed an iwns elkol.l. ayear,se issestary to the
Great Wastes Setionak MI beat larlid to as in met,
to the amount el I fee his &b. Meld emyßsieg be
mere dideseest en put et that !hums them to Mew
their semeemy M ma la were Ike albs* auk ea sweenat
when they would bus perinea Ems upon peer widows sad
orphans ? (Cheers.) And the &Mime Imolai eine& le mod
the Company 90,0 W., which he bad *blebs' to putties.
8 lead ; sad they bed slimed him to have lint 20,8001, then
30,000 L, 40,1801.,t0 make these parebeem without
ha'
been to wawa a single voucher. If these bets ha'
nu, vivid the shares have mild at smelt premiums ?
Beratesl is , hear.) Untied be said, why did not sae him ?
he we net worth a penny. Why, however, should
there be this ememelmmet ? But henceforth and for aver it
should sesse—the meths which he was abut
to MOTS should rat es end to it. Thin was,
however, another node of trickery. A railway
was started, the bills of engineers and solicitors
amounted to large sums, the plant was most expensive, and the
million at first granted was found to be inaufacient, upon
which the company applied to parliament for power to
grant more shares, which WITS galled preference stases, by
way of inducing people to take them, and these preference
auras were guaranteed a large dividend, the holders being
secured the amount guaranteed, even if it had to be paid out
of the capita. (Hear, hear.) The secretary end solicitor
of the Great Western Railway, as long as they thought these
preference guru worth having, kept them; bat the mo-
ment the shares fell to a discount, and they were called upon
to pay up, they turned round sad said they were all illegal.
The solicitor did this, and he believed the orezetary did so
as well. If there were to be another house of parliament—
which was not very likely--they should Institute en inquiry I
into the expenses ofproercuting railway bills. Rewoald suggest
that the parliament of Caved& should do so. (A laugh.) And
it was said during this railway mania, if the ciders which
their lordships had adopted worked well in England. why
should they not in Canada? (A laugh.) He had communi-
cated with some of the members of the Canadian legislature
—(a laugh)—and endeavoured to i nduee them to adopt the
same standing orders, but wlthcut effect ; they preferred to
job for their friends in pawing a bill. ne orders
were at but adopted ; he might say they were adopted in
another plasm, known as the British House of Cesusou—
(a laugh)—alive same six or seven years' weekbasties. The
salutary east which they had had in the mods c 4 unducting
business in their leldships' house was well known. If the
question of pumas 111110 railway bur an the expenees
attending Guns, were thoroughly sifted elsewhere—in
the Canadian House of Conimens—(a laugh)—it would, no
doubt, throw great light on the mode of carrying bills through
the Canadian House of Commons, and upon the members
of that house. (A laugh.) A friend had told him that be
had 6,0001. offered to him if he would lend his name as a
director to a railway concern—and two other Mends of his
had been offered similar SUM. Well, bat U there were 868
members of the—oh, be begged pardon, be was speaking of
the Canadian parliament--(a laugh)—if there were 160
members in the Canadian House of Commone, they would
find that it was a most interesting inquiry to ascertain how
all the money had been spent. And he felt the more anxious
on this point because this Canadian House of Common had
lately throws out a measure for preventing bribery at elec-
tiros. (Hoek laughter.) He should never rest in his bed
until there was, a committee sitting at Quebec to inquire
into these practices with reference to railway bills, and
the manner in which the money was disposed of.
(Much laug ) He was sorry to see this damning
mania of tless speculation still exist*, and he almost
despaired of the people of this country being cured of it.
Nevertheless, that was no reason why they should not do all
they could to prevent it, by giving unsparing and abso-
lute publicity to all the affairs of these companies. Parlia-
ment had a right to adopt such a coarse, and it was abso-
lutely neemary that they should do so. His noble friend
opposite ( Kontertgle), whose romediap generally
were most useful to We country and Ireland. had
proposed • samonns far the wet stringent awaiting of
railway eassulds—aml he hoped he would at ones sans for-
ward will IL Zwirfais44eparlei on a speedy
and it mut to done wields a month or six wsersruni
further pins to ware this object was to adopt
the motion which Its was about to lay on the table.
He should apologise for having so long detained their lord-
ships. The importance of the subject was his only excuse.
He had detailed the facts without referring, uhe went
along, to returns and papers authenticating them. He,
however, had the documents in hie possession, and they fully
bore out the statements he had made. The noble and
loomed lord concluded by ex • his hopes that as little
time as possible should be lost in eeking this disgraceful
system, which he felt it his duty to submit to their lordships'
consideration.

The Marquis of LANSDOWNE maid that the facts stated
by the noble and learned lord (to whoa their lordships
should certainly feel indebted) were demani g of the most
serious end anxious attention. On behalf of aer Majesty's
governseut, he might observe that they were fully im-
pressed with the pave importance of the subject, sad that
the time had amend when the House of Leeds, as well as
the other branch of the legislature, should take (active
steps to prevent a reourrenee Of the system described. The
construction of railways throughout the country had been
confided to persons upon certain conditions, which perlia-
men were bound to see faithfully sad honestly fulfilled. It
was to be expected when meioses led to those remarkable and
brilliant discoveries which distinguished the op in which we
live, that the application of these dbooveries—especially in
the introduction of railways—would excite the admiration of
the whole world ; and, of comes, that they would attract
the attention of those engaged in legitimate traffie and eater-
But, however desirable that that should be, and that
the establishment of railways should be anilable for the
capitalist, it soon became a lottery in which sash large for,
tunes might be realised that almost every adventurer had re-
nurse to it as a speculation. There were many, very massy,
notwithstanding, who sedated in carrying out their
undertakings in the fairest and most legitimate
manner, and with the best and most laudable
objects. ( Hear, hear," from Lord Brougham.)
No man should be condemned without a careful examina-
tion et his conduct, but in the railways referred to no one
could entertain the least doubt that their affairs were most
seandslously carried en. The best mode of correcting Wee.
Wally the existing abuses was, in his opinion, the establish-
ment of a power, to be vested in parliament, to examine
and audit railway companies' accounts. so that it might be as-
certained whether the conditions upon which theyhad obtained
acts of parliament had been faithfully and properly fulfilled.
He therefore most cordially joined in the desire that some
remedy should be suggested with as little delay as
possible. Her Majesty's government were most anxious on
the subject, and would be prepared with a measure
by the and of the year, when much move extensive informe-
d= as to details, 'ln, might be acquired. They should,
however, now most willingly give the noble lord Moistes-
t/lel the Mated mistime in their power, if he would intro-
duce a similar seams to that which he laid Won their
lordships last year. If the noble lord from any motive should
decline (it was to be hoped he would not), her majesty's
government would deem it their duty to bring forward a
manure themselves on the nbjeet as early as it was possible.
He did think, however, that such a muslin oeuM not be in
better hands then the noble lord's, and that its introduction
by him would is all probability secure its emcees in both
houses of parliament.

Lord MONTRAGLE was very happy the subject had been
so ably submitted to the consideration of the house. He
meet say that parliament itself was to be blamed for much of
the mils sew complained of. By their legislation they had
stimuleled the ormadmion of those evils. If the wise and
immilant reememendations mad* to their lordships by Lord
Beam& bed bees attended tot much of the difficulties and
milemeamasets which had since arisen would have been
melded. Their lordships' adoption of that noble lord's re-
ammisiedents prevedhultlemas they had sot been seconded
belheadurbsuassfpaelhmmt. The result nessmarily was that
the nails hers meeseasmiatites were disregarded and never
seed apes. Tim seassemenes was, cosh ralleriy was under
the mmagsmist ea sabot he., who had the power, behind
the eurtalm aml M salt their own views, to raise or
depress the piles of *ems in the market as they chose.
It was aster and la ewe railway (which was referred to)
that the Mimeses depredated their shares in the market
first, end ethane& jMused them up, realising 200 par
cent. by the trauseelem That esonoone profit must have
come trim the paste of another slam—perhaps honest, in-
dustries@ poisme, mods dupes of by those directors who hap-
mesa to lodes ofileial informatlee. No honest corn-
eemphia of the last year. If
I kpeep
thealissa adopted thsereTris'ailia"ndoubt that every
I well aresmed sabre, would new be in a mash better condi-
*mond liateempales weal& mewled their financial affairs
men resperens. The misting mem of auditing railway ao
0011111/ was a mine fires. How could them be protection In a
system whim as auditor 'tight be connected more or less
with the parties perpetrating the frauds For his own part,
be saw the importance of immediate interposition by
monk and he wee quite ready to introduce another Wit-
remedy the evils. He thanked the government for the sup-
port they offered, but he would Rosiest to them, in consi-
deration of the magnitude of the subject, whether they
ought not to undertake snob a measure themselves. It was
very likely it would be more sumeethel in their hands than
in his. He would prefer infinitely that the government
would undertake it, and he would most willingly 'give them
every co-operation and assistance he could. If they did not,
be had only tosay be was prepared to perform his duty.
He hoped the measure it was his intention to introduce
would meet the makes end well advised eupport of the roil-
way proprietary themselves, u may objectionable provisions
in the bill of last Assad be omitted. He was now con-
scious of these but although in many respects the
contemplated =mare would be more stringent, in others it
should be greatly modified.
Lord BROUGHAM was anxious not to be adeastalustood
in the observations he had addressed to the home. He
should be sorry to be understood as having attacked all rail.
way companies indiscriminately—he did not do so ; nor had
qtyhe the least intention of °Wounding the innocent with the

Lord GRANVILLE would be most happy to afford the
house every *reformation be could command in his edictal
capacity. He believed the feeling was unanimous in favour
of a better system of auditing, and that it existed, not only
in parliament, but amongst the most considerable and ho-
nourable members of what was called the railway world.
Although the• blll introduced lest year was resisted by rail-
way proprietors, it was generally underttood they
were now maims for a measure which would b Setts-
faotel to all parties interested. After what ha&
been acid ly the noble lord the prettiest of the
• be (Lord Granville) need hardly say the govern-
ment would lose no time in the introduction of imam" it
the noble, lard (Monteagle) relinquished it. •
Lord BROX:MEAN mid so far m that house was ma-
mma, there was no fear of his noble frissurs bill but its

passing sight be rendered ooze secure by its beim=
dined so • grornimist meesnre. The noble sod
La dna pima • piper in the bend, of the Lord Cloaseger,
bateribsior it woe a motion or not did sat appear, se ao
qaulirlYT ?ft' ..

mwrimmliopaperwastawmmw-p47wAwk.

HOUSE OF OOMMONS.—TozehAT, MAT 1.
The Briaw took the chair et 4 *Week.
PRIVATE BUSINESS.

REPORTS CONSIDERED. Chester and Holyhead
Railway _(increase of capital with powers to the Laudon and
North Western Railway Company to subscribe thereto) •
Glassow, Ellusarn‘ok, and Aressa Railway, and Ardros:
ran Harbour Acts Amendment ; Bills.
THIRD READlNG.—Neweastle and Csrliole &Away
(altarations of and branch from Alston branch) Bill.

PUBLIC BUSINESS.
PETITIONS PRESENTED.
ABOLITION OP THE PUNISHMENT OP DIETIL—ByMr.
WlLLCOX;fromPouthampton ; Mr.BROTHERTON,ffrca
Darlington, the Tower Hamlets, and other places St p„:
N. BUXTON, from Walthamstow ; Mr. BRIGHT (wen),
from Sh•Seld and other pieces, and one from the his of
Wight ; in favour of this proposition.
Mitnniaost Buz —lity Mr. B. DENISON, from York-
shire ; Mr. J. IL WOR LEY, from Chichester, Essex, and
the West Riding of Yorkshire; Mr. LOCHS, from Hollithel;
Lord MAHON, from Hertford, in favour of this bill. By
Melt. PALMER (sewrsl), from Worcester, Lincolnshire,
aniother places ; Mr. PLUMPTRE, from places in Kant;
Sir J. Y. BULLER, from Devonshire ; 'goblet the bill.
COPTHOLD ENFILANCEDEBNINT Btu..—By Mr. TDB.
NER. from various Individuals and corporation.; Mr.
CARDWELL, from Staffordshire; ageism. this bill.
ARBITRATION TREATIES INSTEAD OP Wan.—By Mr.
ADAIR, from Suffolk; Sir E. N. BUXTON. horn Wets
tharastow ; from cotteregation of Weigh House Chapel;
P. WOOD, from Romney and Monmouthshire; Sly J.
WALMSLEY, from Leicester;: Mr. BRIGHT, froze Man-
chester (19); Mr. EVANS, front Derby; favour of this
proposition
Swaim

rATION FUND poi Pool-LAW
By Mr. ADAIR, from fialfolk, it favour of the formation of
this fund.

7it;iticinroars Romer.—By Mr. BLACKSTONE, from
Oxfordshire; Mr. DEEDES, from Kent; for relief to agri-
culture.
PAILIAIMITART OATHS Bern.—By Sir I. DUCK-
WORTH, from Exeter; Sir J. Y. BULLER, from Devon-
shire; Mr. CHRISTOPHER, from Lincolnshire; Mr. T.
EGERTON, from Chester ; Mr. BRIGHT, from Newport;
in favour of the bill.

fAiiiANDIITARI AND FINANCIAL ENFONX.-By Mr. 8.
CRAWFORD (11), from the metropolis, in favour of them
objects.
Couwr Riau BOANINI.-By Mr. COBDEN, from the
West Biding of Yorkshire, in favour of the establishment
atheist boards to be elected by the rate psyers.
Cass or, =a Rev. Haonn.—By Mr. BRIGHT,
from Kilmarnock Oh and Aberdeen ; Lord BBRINGTON,
from Devonshire ; for relief to this gentleman.
Row., CrazoLtc Bcnoore.—By Mr. T. EGERTON,
from Chester, against public grants tot these schools.
Bina Hoc ssa.—By Mr. ADDERLEY, from Stafford-
shire; Mr. BRIGHT, from Aberdeen and Notts; Against
I the renewal of Beams to beer-Nooses. _ _

- -
BITTLIIIIMPT OP Till 1811111 Pool.—By Mr. BRIGHT,
from North Berwick, against Irish settlements in England.
Eox CATHOLIC CLEROY.—By Mr. BANKER, from
Donetekhz, against the principle of endowment.

RETURN ORDERED.—Sinotur or LONDON AND
firm:maim—On the motion of Mr. DII7IITT, a retam of
an monies paid to the Chamberlain of the City of London by
persons either nominated or elected to the otgoe of Sheriff of
London and Middlesex, with the date, cause, and amount
death payment, and the semis and salmon of the rupee-
tire payers, from the let day of Jemmy, 1800 to the pre-
sum stating also tbeenemint remixed in eaoh year, the
sum total, and the pst=oo:: which the money was applied
by the Corporation of