The Express.
London, England, 1856-01-03 00:00:00

THE EASTERN COUNTIES RAILWAY.

LETTER OP MR. BALL, M.P.
Mr. B. Bel, M.P., hag published the following
The serious ilium of Mr. Love, the chairman of sh.
Eastern Counties Railway Committee of levestigation, will
same some delay in the publication of the committee's re-
joinder to Mr. Weddiagton's artful and elaborate " Answer"
to their report. In the mesatime, however, I, as an indi-
ldual member of the eonsenittee, am unwilling to allow say
further time to elapse without giving my most emphatic as.
wanes to the thereholdan and the public that, with the
ezeoptiamof a few and unimportant matters, the late chair.
saaa's " Answer" has completely failed to remove the ea-
favourolle views of his conduct entertained by the
semniNtee. The ehareateristice of the " Answer "
mats •allsrefully examined, will be found to be the
ezteene ingencity with which every transatkos
whisk weed not hear explanation is avoided oe
=ewe. No man ean judge of this extent to which
the sale who dem not go carefully, not oily through
thg memmittee's repast, bat also through the evidence which
hem the appendix to ft. However laborious this may be, I
would entreat every shareholder who regards the value of
his to undertake this task, and carefully compere
Mr. 'a answer—the production of three week'.
deliberate isneestlem—with the evidence given by him
Ware the sessmfttee when the opportunity for preparation
and spatial pleading was wanting; and frank and straight-
forward answers upon points upon which there was no need
of time to answer truly were alone rehired.l would per.
titularly instants (although the transaction is a minor one
in point of amount) the appropriation of the Tilbury shares
as a specimen of Mr. Waddington's cool way of slurring
over a tremsaatien quite inezeusable in the eyes of say
upright man. His argument, as far as it goes, appean to
be that, because 1,091 of thu shares could not be divided at
the rate of 1 in 7, therefore as other principle of division
was to be attempted, but that they were to be appropriated
by the feu Raritan Counties directors who formed the cam.
mitten

leanno t, of wins, do more in this letter than indicate
the leading features division and sophistry which charac-
terise this " Answer ; " and therefore will only beg the
aharitholden' particular attention to Mr. Waddington's
'Walnut (pp. 67 to 72 of his answer) in reply to the coca-
mittee's report upon goods having been purchased from 10
to 20, 30, and 40 per mat. above their value, and upon
goods untouched having bun sold for old stores. Let this
part of the so,called " Answer" be carefully perused, and
then let it be said whether the charge is fairly met. I
adhere most fully to the eommittu'e report on this head.
So, again, in referees* to the coal contrast, and Mr.
Ouch's participation therein, the agreement as to rolling
stock with Kr. Gooch (which Mr. Waddington, it seen
" disapproved," and yet a before hinted his disapproval
to the shareholders), and many other matters. Let the
" Answer "on these heads be most carefully scrutinised in
regard not only to what it says, but to what it does not
say.
One weed upon the mat important point of all, for it is
that to which all other inqithise ultimately tend—rise., the
increase of capital, and the alleged proportionate in.
, crease of revenue. Mr. Waddington says (page 77 of
" Answer ") that with an increase of capital of 1,213,0001,
he has increased the ne by 460,0001., or 374 per out.
It is really surprising to me that the ingenuity which has
been displayed In other parts of the " Answer" should
have so signally deserted its author, as appears to have been
We emu here. The reunite Increwd by 460.0001. pee
annum by as increase of capital of 1,213,0004 and
that sum upended only upon some small lime
and upon rolling stock ! But in the same page
of the " Answer " it appears that we are work-
ing 226 additional miles of railway. And where
is the usual of the capital upended upon makiag
these 221 miles ? How many millions mast be added on this
ursine to the modest million and • quarter which Mr.
Waddington claims as the limit of his increased expendi-
ture ? The fallacy is too obvious; the misstatement too
glaring. These Beans, however, will Mau for its Donee-
lion—viz., the whole capital of the Eastern Counties Com-
psay, ea appears by • statement furnished to me by Mr.
Owen, the secretary, and certified by Mr. Reeves, the
auditor, is now 18,748,0181. If an increase of 1,213,0001.
capital had predused 460,0001. of as according to the
assertions of the " Answer," the entire revenue in the same
proportion should be 7,030,6061. Ts. 4d., whereas by the last
report signed by Mr. Waddington it is 1,234,0181. oily.
But it would almost be an affront to any man of ordinary
iataiisimes to point out the fallacies and contradictions to
be boil In the "Answer," under the head of " capital."
Mr. Waildthiton rays, " Tour annual revenue alone is 37}
per cent VIIS year outlay." Not one word of distinction
botulism the wader outlays for different purposcs and at
different tines. The obvious import of the edited* to any
reader is, that the held , upon the total outlay, is
of dtheitheimi
37k per mad, Mat batter apparent answer to the outcry
l themenlfiess
Bat them MOM the unfortunate question, why, with this
unszamplied Indere of revenue and enormous percentage
upon outlay, usa a dividend at 2; per cant., sad that pertly
made up out of capital, hsi alone paid ?
Contradiction and argument ars wasted upon such state.
meats. The necessity which Mr. Waddingtoa has doubt-
less felt of justifying to the company his ill-advised appoint-
ment with a high salary by ezhitilting to the shareholders a
fallecions show of present prosperity, the future being left
=cared for, has probably lid, In great measure, to this reek-
leaner of assertion, as well as to that expenditure upon divi-
dends at the expense of the permanent way which has caused
the safety of travelling on the Eastern Counties Railway
to be at this moment untruly questiined is some quarters;
sad which, by Mr. Waddington's own adminion, rumble
to be provided for out ef future income to the extent of at
least 100,0001.
Is coacluslon, I have only to say that no member of the
committee ever entertained the slightest personal animosity
to Mr. Waddington, or was actuated by any feeling but
that of an earnest desire to do his duty to the shareholdus-
For this purpose they considered that • fall and fair publics,
don of their evidence and a plain straightforward report.
without attempt at artifice or display, would suffice ; and I
sate more command the evidence to the earnest considera-
tion of the shareholders. EDWARD Eau..
Eastern Counties Station, Jan. 2.

RUMILI2I EBTIMATE OP via WAR.—Le Nord pub•
Hahn as article profeniag to est forth the " real and abso•
lute results obtained by the allies after two years of war,'
in which neither the capture of Sebastopol nor the destroo-
non of the Auden Black Sea fleet is mentioned. "It
would be difacult," according to this authority, " to decide
whether, upon the whole review of the two years' war, the
advantage belongs to Benda or to the allies."

The Hamburg Correspondent states that in canoe.
games of orders transmitted from Bt. Petersburg, Vomit
Pubs, General Williams, and six of the other pubes taken
prisoaan at Han, will be taken to Moscow, and thence to
St. Petersburg. The other °facers and the soldiers will
remain for the winter, part at Tiflis, and the rest in the
fortified places la the Caucasus.

The Journal de Constantinople states that the
Turkish Government his resolved to send a number of
young men to Paris to study governmental admieistration,
In arldition to those who are sent to nuke their military
studies ; and that twelve have been already &aerial to be
sent—four of them to study foreign affairs, four flame,
and four agriculture and commerce.

HANGING AT BURIN/IN.—The Mnehie has been
hangings few spies. On riding through the bestar the
other day—writes a correspondent—l found one strung up
et the Gergi-kspi, er Oeorge's•gato. He war suspended
only a few yards from the ground, with his hands tied
behind him, and then fastened to the ghettos of a shop at
his back, to prevent the body from swinging. The Osmanli
Swett or the said shop tuck it very quietly. Ile was
sitting croselegged on his counter, smoking his chihonque.
and staring at the carps' u apathetically ss possible. It
wet slung from his roof, too, like a sign, and, if it bad
really been so, he could not have t►ken it more as a matter
of court. The man we. an Armenian, and was to lieu
received aeo piutres (something less than 41) in return fot
his information.

GENERAL KMETT'S ESCAPE FROM KARL—A
letter from E•zaroom of the 11th inst says, "Our first
maws of the probable fall of Kass reached us throrgh that
fine old soldier General Kmety. Riding in hot baste, he
reached this on the afternoon of the 28th alt. The intelli-
gence he brought i.insoly amounted to tbie—that the provi-
sions being all but exhausted, General Williams had lent
his aide-de-camp, Major Teesdale. to Idoiaravieff, to propose
the opening of negotiation. Knsety's own case was a
dimwits one. Be had been formally sentenced to death
by the Antrim Government, and had no mercy
to aspect at the hands of tke Russians. Thin
being at this pass, he waited on G I
Wil-
Itama, and besought him to accept his resig-
nation, and allow him to cut his way through the
enemy's lines. Ilia sword, he said, was now of no further
nee, and he would rather blow his brains out than became
a prisoner et discretion. Williams, feeling how little he
could do for hint if it sane to the wont, allowed him to
leave which he did that very night, aecomoanied by Gene-
ral Kalman and an escort of trusty Kurds. Kalman, as
an officer who had held high rank in the antigens& Ten-
lutioaary army, was in the UM predicament as himself.
The Ramona soldien on the move at night recognise each
other by a peculiar low, long whistle ; and, imitatiog this,
the adventurous little party succeeded in passing tame of
their petrels. At last, however, they were recognised,
charged, and dispersed, but nestle' at a place of rendez-
vous pretrimmly Axed apes, continued their journey till
Hey ragweed this without further accident."

A Fara AT Barsems.—The extensive es!ablishe
meet of M. Pineville, the greet mighte•builder at Brumes,
was on Sunday lest transformed into gaily decorated uloom
for the reception of more than 7,000 persons who were pre-
ant at a grand fete given by M. Penwell to his workmen
and their families on the occasion of big receiving the Order
of Leopold for his @rectal at the Exhibition of Fair.
Among the distinguished persons present to witness this
Interesting Geese were Ceuot Vilain XIV., Minister of
Foreign Affairs' and his two denerhten ; the ether &lead
Minieters; the principal municipal authorities; the celeste
of the genitals; the principal nt eau facturen of the city,
Ed frmhments in abundance were provided, and the evening
passed off with the greatest hilarity—dancing, fa which the
move aristocratic portion of the company joined,havieg been
kept up until a late hoer.