The Express.
London, England, 1850-07-29 00:00:00

PARIS, Aily 27.

Boosse.—Versalltes (right tank). —. Ditto (left lank) 130; Paris
and Orleans, :93 ; Paris and Bourn, 010; Rouen and kacre, 253 ;
Ilarsaltlea and AriflXS. ISt 00; Boarboarx and Bale, 190; Orleans
and nordogys. 03 73 ; Borth, 47130; Parts and muskier& 73973;
Tours and Nantes, 231 25; Montereaa and Troyes, 100; Bordeaux
awl Trite, 331; 141./cr.& Ma, 415 ; 11101190 and recnol9. 170 i 000101191
and Arniscs, 193; Orleans sad Vienna, 373.

ARRIVAL OP PARISIAN EXCURSIONISTS IN LONDON.
—On Saurday evening e lane number of holiday Parisians
started. by the Northern of Erects Railway, for Cala.,
where they passed the night, and yesterday morning 740 of
them embarked for Dover in the South•Rastern and Conti-
nental Comp ny's steamers, Prince Ernest end Ltd Warden,
the greater ',emu of whom came by special train to London,
where they arrived about 7 o'clock last evening. The
London-bridge terminus of the South Eastern Railway was
crowded with friends end relatives of the visitors, who were
greeted in the most enthusiastic ; the scene was one
of the meat animated. The Parisians take their departure,
we believe, on Tuesday evening; this is the first of a series
of such visits contemplated during the present season. The
excursion fares ea the French lines are remarkably low.
Return visits are, we believe, in course of arrangement,e to
commence early in the amain' month, rid Folkestone and
Boulogne, and Dover and Callao..

On Saturday the half-yearly meeting of this oom-
patty was held at the London Tavern, Bishop gstretrest ;
and also for eousidittleg the propriety of the compsay ceas-
ing to carry trams over their line of railway.
Lord Ogoiton MANXine, M.P., Uok the chair, when the
blowing report woe read :
" The proprietors have been called together for the double
purpose of transacting the ordinary business of the half-
year, and of etreekleig, as belted by the requisition of a
*Math number el their co-shareholdere, the propriety of the
couthaay ceasing to carry trams over their line of railway.
The stay bugbear for the half-yearly general meeting is
that of taking the accounts into consideralon, and of reedy-
lag any intormation from the directors which they Gals fur-
nish, or of diseuseinoany suggestions which the proprieties
may wish to make. The accounts of revenue not having
been completed by the clearing blouse, have not yet been fur-
bished by the Eastern Counties Railway Company, but they
cannot wont any features materially varying from form e
return, or likely to suggest any new obnitvatior.
With reference to the topics to be discussed at
the _ special meeting, as it is neat to imp-legible
to deal with each in a separate report, the directors
think it beat briefly to commuoicate inch information as
they preens. The proprietors are aware that the line be-
tween Cheaterforl and Newmarket wee closed for freak fee
fares this eompeny as earthen aro concerned) on the 30th
Jane ; sad alter what peeled at the last meeting of the
a=y, the primelletompill ne be surprisedsurprised& at dun
r oar eleemelbew alba Meek es ither
ter the eirommetenme
which have Inbreed it. At that meeting the director., after
adoodag tsetse fallen of their attempts, either to waned~a fair and equitable arrangement with the Eastern Consul
Railway Company, se of the not lass important *monition
with Mr. 'Mims for the workbag of the line, and which in
that period had occupied so much of their attention, inti-
mated that if on the one hand the E ...tern Counties Railway
Companyeould not be induced to see their own interest in
dealing more liberally, with the Newmarket Company ; and en
the other inch terms for working the treMe by the agency of
an :adieidual could net be carried out, they saw no alternative
other than that of tossing to bear the unites and u- profitable
burden of working the line; for it must be obvious that with
the traffic in the handset the Enterer Counties Railway Com-
pany the receipts must inevitably be reduced, It not being to
their interest to develop the traffic to the full. at extent ;
while at the same time the more extravagant the charges
the greater would be their profit. Rven the small balance
left has not been handed over to this company, being re-
tained to meet • certain alleged claim of the Eastern C. unties
Railway Company; whilst the expense of maintaining the
permanent way and stations has been left for this company
to defray out of capitaL The directors, therefore, telt, and
still feel, that it is expedient tha• the line should be Pored ;
they stated, however, their reluctance to adopt this final
measure, and that they would attempt one more appeal to
the Eastern Comtism Railway Company. That appeal was
made without loss of time by the chairman of this company
to the chairman of the Eastern Counties Railway Company
—nettling in propositions bolding out not even a remote
prospect of benefit to the Newmarket shareholders ;
and which could nut eoesequently have been accepted,
even if their morteagees (whose concurrence was re-
quired and refused) had put it in the power of your direc-
tors so to do. Subsequently an overture was made from an-
other quarter, for a working attainment, on precisely the
same basis as that which the direcors had failed at the last
moment to complete with Mr. Jackson ; but as again, the
consent of the bondholders to a modification of their rate
of interest was • necessary preliminary, and the priecipal
mortgagee, Mr. Jackson, roused to agree to such reduc-
tion, that negotiation failed. The directors desire also to
draw attention to the large and unfair assessments teed*
upon them for poor and other parish rates, and the heavy
law charges imposed upon them in resisting these unjust
claims, and also to vexatious actions brought against the
company by certain parties locally interested. tinder all
these circumstances, finding it impossible to effect a satisfac-
tory arrangement with individuals, and finding that the
Eastern Counties Railway Company, although deriving a
large revenue threugh the medium of the Newmarket
Reilway, were not disposed to nuke such terms as would
develop the trael end thus serve the Newmarket
Company, their own shareholders, sod the pubfie ; see-
ing also, that heavy charges were being incurred for up-
holding the weeks, and that the mor'gage interest being re-
tained at 5 per cent could not be met, even if the balance
arising from the working by the Eastern Counties Railway
Company were paid over to this company, the directors have
thought it inadvisable to call up the remaining 21. (reserved
for t e completion of the line into Cambridge), until they
could show to the proprietors some prospect of a return, aed
have reluctantly resorted to the alternative, of which they
had given a preliminary iatiination—viz., of erasing to carry
traffic. The directors avow that, in taking this step, they
bad a the fittest belief that consequences se far beneficial
would arise as that the Eastern Counties Railway Company,
who must derive a large income from the passage of the
Newmarket Company's traffic over their line, would at last
have acquiesced in some arrangement by which, without any
sacrifice on their part, justice might have been done to this
company's line, and the proprietors have seen, immediately or
remotely, some rasp( c: of return for their capital expended.
It however, obvious, that any Ince constquence can Core
result from union among the Newmarket shareholder, and
;effect accordance in the measures adopted by their direc-
tors ; for so long as the Eastern Counties Railway Company
can entertain a hope that the policy adopted by this board
would be ravened by the proprietors, or that that policy
would not be steadily persevered In, no offers of a mere
liberal character are likely to be made by them. The direc-
tors, therefore, earnestly recommend the proprietors now to
determine definitively on their future course of action, and
if they see reason to differ from the views of the present
beard of directors, or have altered the opinion expressed by
them at the last half-yearly meeting, recommend that the
services of others,' more in unison with their cwo, be ob-
tained ; your directors desiring only the general welfare of
the company. The directors hove to add, that since the in-
timation of ceasing to carry traffic was given by this company,
the Eastern Counties Railway Company have made an equit-
able proposal to relieve this company from their stu, k of
plant, and consequently from the debt claimed to be due to
the Eastern Counties Railway Company; to this extent,
therefore, the position of this company has been improved by
the course pursued; and as very shortly the Great Northern
and Royston and Hitchen lines will be opened, acd a r.cw
(though imperfect) route from London to Newmarket, and
the east of England, be thereby obtained; your girt etors ars
not without hope, that with union among those interested in
the Newmarket Company's property, means may yet be
found to obtain for the districts proposed to be served the
benefits for which the Newmarket Railway was intended,
and is calculated to confer."

The balance sheet showed that there bad been received on
capital account (including 136,3201. 7s. 91. on loan),
431,2981. it.., and the expenditure 427,6821. 7s. Bd., leaving
a balance in hand Si 3,7161. 3s. 4d. Thorn was also a balance
on revenue account of 2,1101. 12s. 7d. The above two ba-
lances, together with outstanding accounts, amounted to
6,5811. 71. 31., as asset, against similar liabilities.

Mr. C. FANE entered into a long argument to prove the
advantage of continuing to work the line, instead of lettirg
it remain closed. By continuing to keep it closed they would
be liable to an annual lose of 5,3813, but by working it at
present there would be • net profit to the shareholders of
2211. per annum. He believed that, if properly worked,
their line would produce 11,0001, pas annum. li• con-
tended that the directors made a most grievous mid ridiculous
mistake in =skies the line from Newmarket to Chesnut:4,d,
instead of making it on to Cambridge, whisk would have
brought them in oonnexion with a large population, and
put them on friendly terms with the Eastern Counties
Railway Company. He bad no doubt that lines would be
eventually made to Bury Edmunds, Ipswich, Norwich,
and Cambridge, in connexion with the Newma, ket Company.
What he now urged upon the shareholders sees, that
they should not throw away the certainty of melting a profit
of even 2211. in the meantime, instead of a loss of 5,3811,
with the prospect of other lines being male in connexion
with this railway. The subject of the refusal of the offer of
Mr. Jaekson to work the line by contract, on the nart of the
detectors, was much condemned by him, as were indeed the
whole at the acts of the directors. In conclusion, the kin.
proprietor moved a vote of want of confidence in the directors
of Rap company.
Mr. MOXON thought they had better let bygones be by •
gone', and confine themselves to the real position of the
cemTre la AIRMAN entered into an explanation of the cir-
cumstances in respect to the rejection of Mr. J ..cksrn's
contract, and the reason of their shutting up the line. The
cause of the lint wrs, a difference of opinion between the
solicitors is respect to the debenture interest to he trill to
Mr. Jackson; the second reason was, the impossebiiity of
arranging with the Eastern Counties Company.
Mr. HYDE said all the directors had done was to week
them to a stand-still. (Laughter.) Ile thought they could
not de worse than they were doing at present, and he she tilit
therefore second the motion of Mr. Fans. _

Ater • long discussion in respect to the conduct of the
directors, the amendment to the adoption of the report, sod
disapproviog c f the conduct of the directors la closing the
line without appealing to the shareholder', moved by Mr.
C. Fawn, sad esehnded by Mr. MVOS, WILD passed by •
larva maiority.
The WALKMAN mid the directors would not moire
a poll to decide the question, hat should be happy to consent
to the appointment of new director", pervading they had a
few days' notice on the subject. (Applsuae.)
A vote of thanks wee paired to the noble chairman, when
the meeting adjourned.

SNIP Run DOWN IN TUI RlVllll.—The Royal
William, Dublin slimmer, on her way up the river on S
day morning. about daylight, fan down the Union brig, in
ballast, boned to the north, about half n mil* below Gray's
pier whin her wreck now lies sunk. One of the crew of
the Union wits thrown from her topgallant yard, by the
collision, upon the deck of the Royal- NYillfan, and killtd.