The Express.
London, England, 1860-08-10 00:00:00

MISTING 07 ciawrom.

A meeting took place yesterday of the creditors of
Maws. Smith Patient, and Smith, tanners, of
Bermondsey, who stopped payment on the 30th of
June. The balanmsheet, prepared by Mr. Cole-
man, of the firm of Coleman, Turquand, Youngs,
and Co., accountants, is as follows :

To errata. at I MOW SAWN 14 1
To diSlio MI 010 R,IIIBII 1
To 411144 flag
Oil
AM II IS
Oil IR IS 8

IWO= le mobs • ZOO 14 I

To amillsto pull; secured :
Oil IMO 0 3
emoirs 306 • 0

sn 16
OW= 0561111011 08,286 810
ot I I isposied Ilir• will
be Ihtesorwist testarity ...... MON II 10
MIX/ 3
lass:
036131=113 of bankers ll5 I 5

lambus nak as tads Mods II 14 7
Mat Nalallis inft7,l3B 2 1

CZ.
By each In her bof basking
Which .11 be retailed sob*
bills discounted.
By bills receivable on hand—geod. 7," l3lB 1 6
By debtors—vend 16,511 11 4
By ditto—doubttal .. .... 13,968 3 8
Estimated at ba la the C.

To lows . . . . 10.487 9
By et.. Is on hand si Bermondsey and elsewhere 17,760 13 8
..orplus from creditors fully secured eosin*, 96 14 2
Joint sweets
3.16 to be 4-16 of Scott', seems sewerstor.
istbusted surplus from the newel*
sitsta of Mr W. Smith
Messrs. Streatfeild and Co. are creditors for
108,8671., while of the bills payable (67,02314
82,8431. is in connexion with that firm. Of the
liabilities on bills discounted the amount expected
to be honoured at maturity (22,0881.) was stated to
be represented by goods. On the lit of January,
1868, the estate showed a deficiency of 24,0001.
and from that period up to the date of the stop-
page the toes from bad debts has amounted to
48,4391., and upon trading (ariaing from deprecia-
tion in the value of the stock, kc.) to 39,2841.
Within the same time the following items are
shown : Trsde expenses, 7,194!. ; interest,
22,113!. ; drawings, 11,1831., of whch 8,1271
was taken by Mr. W. T. Smith, 34141. by Mr.
W. F. Patient, and 1,8211. by Mr. B. Smith.
Considerable losses have also arisen in connexion
with farming operations. The partners, it was
stated, were disposed to stop in 1867, but permitted
theutnelves to be controlled by the larger house.
The magnitude of the private expenditure gave rime
to considerable discussion particularly as 1,2001.
was drawn as late as June last by one of the
partners. This fact was characterised as of a dis-
graceful character by the chairman. The represen-
tative of the London Joint Stock Bank thought
that the estate ought to be placed in the Court of
Bankruptcy,and this view was coincided in by
other crehors. It was eventually determined,
however, to leave the question as to whether the
winding-up shall take place in that manner or
under inspection in the hands of the principal
creditors.

PROGRESS OP THE METROPOLITAN RAILWAY.
(Foxe the City Prom)

The rapidity with which the works of this railway
are being pushed on by the spirited and confident con-
tractor, Mr. Jay, is a matter no less for surprise than
congratulation. The general public hear bet little, and see
nothing, and there is a shadow of an opinion floating about
that the works are stopped and that the whole affair is in
a state of poetpanese That there is no ground for such
an opinion was andleisatly evidenced to a small peaty of
citizens who visaed the works on Wednesday last, for the
purpose of an operas.. The day being wet, and the
escurmon not a may egyseable one, there were but few pre-
sent of the seeker baited, and the following constituted
the party en the occasion :—Kr. Deputy Read u. Welter,
C.o._; G. Deland, Esq., C.C. • W.
C.C.; H. W. Wall, Esq., stream to the GreaWelton;
Railway ; H. Potter, Esq. ; Mr. H. Gilbert, and Mr. Jay.
The party were oructed from the Great Northern
termiumi direct into the tunnel which connects the Great
Northern with the Metropolitan, which tunnel, thanks to
Mr. Jay, is already completed. The junction commences
with the Great Northern Railway, near the entrance to the
first tunnel on that line, and runs from there to King's-
cress, which is a distance of about one-third of a mile. This
branch is constructed with a tunnel for nearly the whole of
the distance, and running under the surface of the raid in
Maiden-lane. In the construction of this branch two ray
important works occur ; the one is, adopting means to carry
the main Fleet sewer ; and the other, in the formation of a
groin, where the lilies will diverge four differed ways,
leading into the main line, and all radiating from one
metre. For the purpose of carrying the Fleet sewer in
its original comae, it was necessary to construct it im-
mediately over the tunnel of the railway. This bee been
done by using massive iron tubes running through the
crown of the arch. To execute this was a work requiring
great caution and skill, particularly as the floods at that
time were very high and rapid, which made the operation
more dangerous and difficult ; but the whole of these &a-
cuities were successfully overcome, and this interesting
;Mice of work is now in a state of completion. That poetics
of the work which is now in active progress is the Com-
mencement of the main line near King's-cross. In the
execution of the work of this portion of the line ruining
towards Euston-square tunneling will be adopted, which
mode of operation will be much lea annoying to the in-
habitat end the public in general than opening the whole
of the ground to the width and depth required in the
Euston road. To accomplish this, Mr. Jay has formed four
shafts, each pair of shaft being worked with a powerful
steam.-engine, which ere intended to work night and day
(Sunday excepted) until the completion of the works.
The whole of the excavated earth la immediately thrown
into waggons running on the mils of the completed branch
line, and taken along the Great Northern Railway by a
locomotive engine, and deposited oa the side of the embank-
ment betwees Hanney and Wood-greca. Extensive exca-
vations are also being made within the enclosure opposite
the south front of the Great Northern Railway Station ;
at this point it is neareary to he a pest width, it being the
junction of the branch WHO sad the main line, the latter
being of sufficient width for the mixed gasp of rails, which
embraces bath the timed and narrow pupa Fee the
purpose of immediately proceeding with that portion ci the
maul line running towards Victoria-street, workmen ere
actively engagedin pulling down and removing the materials
forming the block of homes facing Pentonville and °mils-
ion reads. Important alterations are necessary to be made
in the main sewerage in the immediate vicinity et these
works, a great portion of which is now done, and the rest is
active operation. The Great Northern Railway Company
having obtinied an act for the construction of a branch line
running en the west side of their station, and joining the
Metropolitan line at King's-cross, active measures are in
progress in setting out the works, in order that this portion
of tle• work shall be completed simultaneously with the
works before tuestiorned. In the portion of the line which
will coneist of a tunnel there will be recesses, 10 yards apart,
for workmen and others engaged on the line to retreat to as
trains min. In the branches there will be single lines, but
the main line will consist of three mete of rails, so as to
allow of the bread gauge to connect with the Great Wes-
tern, and the narrow page to connect with the Great
Northern. There is a (moral opinion abroad that the Fins
will be wholly underground, which, however, is an error
likely, if left uncorrected, to prejudice the enterprise. From
King.s.crose to the City the line will be subterranean only
where it mem under roads or important buildings which
cannot be removed. Elsewhere, it will be open to the day-
li4ht and the fresh air, and will be simply a cutting, and
a..t a As before remarked, the works are being
rn:Alled n with extraordinary vigour, and in less than twelve
months the line will be complete as far as Ruston-square,
and, in t ether direction, with the City. The chief weight
of ti,- enterprise has fallen on Mr. Jay,

LONDON AND Noma WIRTIMN RATLWAT.—We
are officially informed that the directory' of the London
sad North *astern Company have resolved to recommend
to their pr rprieten at the meeting to be held no the 17th
inst., dividend at the rate of 5 per cent. per annum for
the half year ending 30th June Let, carrying forward •
balance of 12,78 N.

,
DUBLIN AND MIATH RAILWAY. —The fourth or-
dinary general meeting of thin company was appointed to be
held yesterday, at 30, Great Winchesteretreet, City, but
there not being et the time appointed a sufficient number
of shareholdes in attendance to form a quorum, the bun-
nesi W.ll postponed See die.
A... 1 DENT ON TIM LONDON AND NORTH-WM[I.IERN
RAiLwAT. —As the mail train, due at the
Eastoeagnary Statics at 1 am., was emerging from the
' Kilburn Tunnel yesterday, • Outman, named William
Edgell, iccautiously attempted to cross over the line, and
was propelled by the buffer al the engine a coosidarable
distance, falling with great violence on the metals, but
providentially free from the wheels of the passing train.
He Mut eeenveyed to the University College Hospital, where
it was ascertained that in addition to severe contusions
which he had received, the spine was seriously injured.
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