The Northern Daily Times.
Liverpool, Merseyside, England, 1856-02-07 00:00:00

route, wh:it would be the compensation that the Caledonian

should receive for this diversion ? Why, positively more
than double the Edinburgh and Glasgow would receive far

traffic, the distance being 105 miles against 48. The

true policy for the Caledonian, or any other company

. -
to pursue, is to endeavour to get as large a traffic as possible
over the longest distance, and that without competition.
Then what is the competition which your directors speak of
as being more powerful for good or evil than the Edinburgh
and Glasgow ? Simply between Edinburgh and London ;

for how Could it affeci Glasgow traffic, or"that of the north
of Scotland, if a mutually beneficial arrangement
between the Caledonia,' and the Edinburgh and Glasgow,

were entered into ? And, until that be effected, I say again

prosperity will never dawn upon either theCaledoniano,f a
or
Edinburgh and Glasgow Companies. I have a P
letter in my possession from the Caledonianofficeeo,Which
concludes by stating that the eastern lines had no English
and Scotch traffic before the competition began. This
being so, what could induce your directors to cede to the
easternroute, under the new octuple treaty, one-half the
tra fficof the north of Scotland, a large share of Glasgow
and London traffic, and more than half of Edinburgh and
London traffic ? In remarking upon this treaty, your chair-
man states that it is an extension of an arrangement under
which, for nearly five years, the traffic between England and
Scotland had been satisfactorily regulated. What objects
or motives your directors could have in making such an
agreement, so manifestly detrimental to your interests, is
for them to explain : but, that they should make it, and for
a term of fourteen years, and begin to act upon it, without
ever consulting you, is, to say the least, dealing with your
property most unwarrantably. Fortunately, this treaty is
illegal, and hence you can deal with it as you may deem fit.
I shall now conclude my remarks by reading you a letter
from your late chairman, Mr. Baird, to whom I wrote on
Saturday last, to ask his permission to give you the benefit
of his sen iments, and yesterday I received his rep'y permit-
ting me to do so :

Rosemount. , 12th ry, 1856.
Dear Sir,—l have yours of the 7th. I Bionkton
quite aliveJanua with you in
deprecating the contest between the CaledoLian, and Edinburgh and
Glasgow railways, which has been so detrimental to the interests of
the sha eholders.

I have always been the advocate of peace and economy. Tinder
that policy the Caledonian was carried from bankruptcy to solvency,
and from a non-paying line to a dividend of three ter cent. It is for
you and other shareholders to decide whether the system pursued
since a contrary policy has prevailed has been conducive to their
interests.

I should like to see the peace policy reverted to, but I shall not
readily take any further trouble in the management of Caledonian
matters. Had the shareholder* united to maintain the agreement

between the Edinburgh and Glasgow, instead of exlibiting the
Inkewarmness they did, both companies would now have been in a
different position.—l am, dear sir, yours faithfully,
Thomas (Allow, Esq. WILLIAM BAIRD,
The Chairman concluded his address by proposing the
following resolution :—Resolved, that a committee be stp-7
pointed to address a circular to the shareholders; soliciting
their support to the following resolution, to be proposed at
the next half-yearly meeting,—That a committee of gentle.
men, in whose judgment and principles the shareholders!'
may have confidence, be appointed to examine into the
present position and management of the company, and
through whose intervention an attempt may be made to
conclude a fair and mutually beneficial joint working agree-
ment with the Edinburgh and Glasgow Company, similar
to that lately entered into between the Scottish Central and
Edinburgh, Perth, and Dundee Companies, and in effecting
this, it should also be aimed at that the best under-
standing should be maintained with the last-named
companies.
Mr. Joynson seconded. the motion, which was carried
unanimously, and the meeting separated.

IMPERIAL PARLIAMENP.

HOUSE OF COMMONS

--WEDNESDAY

The House met at two o'clock.
Mr. LABOrCHERE took the oaths and his Beef on his i.e-

election fur Taunton

PARTNERSHIP, JOINT STOCK, AND LOCAL DUES BILLS,

On the order of the day for the second reading of the Part—
nership Amendment BLI, the Joint Stock Companies Bill, and
the Local Dues Bill,

Mr. LowE proposed that it should be postponed till Friday.
Mr. HENLEY and Mr. SPOONER objected to this, on the

at by such an arran

gewent sufficient time was not

allowed for the due consideration of the measures.
Bruus considered the three bills were of the utmost
importance, and expressed a hope that the Government would
not allow them to be delayed.

Mr. MUNTZ said many honourable members had not yet

had an opportunity of even reading the measures.

Mr. CRAWFORD hoped the arrangement proposed by Mr.
Lowe would be adopted.
Ultimately the two first measures were postponed till
Friday, and the last till the 21st inst.

POLICE ACTS.

Metropolitan Police Bill, after a brief diEcussion, was

read a se

cond time.

SUPPLY.

On bringing up the report of Supply,

Sir H. WILLOUGHBY asked whether it was intended to

make any financial statement before proceeding with the
estimates on Friday night. He wished for explanations as to
bow far the Government had availed itself of the power

given last session to issue Exchequer Bills to the amount of

£7,000,900, and upon other matters

Mr. WILSON replied that he was happy to state that the

financial transactions of the country had been such as to render

it unnecessary to make any statement before the estimates,

The subject touched upon by the right Hon. baronet would,

more properl

come before the House when the annual state-

went was made

Tile report was then brought up, and agreed to,

WAR. ESTIMATES,

On the motion of Mr. WILSON, it was ordered that the

naval, army, and ordnance estimates, for the year ending the

30th of March, 1857, should be forthwith prepared

The House adjourned at a quarter to three o'clock

TEADE WEDNESDAYREPORT.-

COTTON : There is no change to report in the Cotton
market to-day, the demand continues moderately active,
the supply quite ample, and prices are the same as yester-
day. The Bales—including 150 Pernambuco, 60; 100
Bahia, 5,-7.id to 6d; 100 Maranham, ; 300 Egyptian,
5-id to 7,1 d ; and 1,500 Surat, 4d to sd—are reported 8,000
bales, of which 2,000 are on speculation and for export.
PIG IRON : Our market for Warrants closes at 75s cash ;
three months open 765. A few thousand tons sold.

TALLOW : Qqiet ; spot 58s. February, March 68s, Octo-
ber, December 676, delivery 137 casks.

SUGAR: The demand for home use still remains extremely
limited, the business being confined to 1,300 mats Mauritius,
for refining, at 369 41d, and 200 bags damaged Cossipore,
at 42s to 42s ad; but 2,100 mats Mauritius have also been
taken for export at 39s per cwt.

RITM: 75 puncheons Demerara are reported, at about
previous rates.

CoFFEE: There aro no sales to notice.
Cocoa : 40 bags Bahia, part all faults, have been taken
at 38s per cwt. for sound.
PEPPER : 120 bags white, at 7d per lb.
TEA : A large amount of business was concluded yester-
day, out of the Great Britain and Adea, principally in
medium and fine Itaisow and Atoning qualities; common
Congon rules nominally at 91,d to 9P per lb; there has not
been so much done to-day.
RICE : Nothing has taken place.
SALTPETRE : 110 bags Bombay have been purchased at
18s per cwt., for 25 per cent. refraction.
heatedCurcx : 600 bags, all faults, were disposed of; et 30s for
SAGO FLOUR : Some small lots of all faults, at 18e 9d.
GUM GEDDA : 280 serons damaged, at 18s 6d to 19s 3d
per cwt.

Wool, The buoyant feeling in the Wool Market, noticed
in our circular of the 19th ulto., still exists, and prices have
further improved. The accounts from the manufacturing
districts are cheerful, and this, combined with the decreasing
state of our previously light stocks, gives strength to the
opinion that the present value is likely to be sustained.
Short kinds of low quality, such as East India, Peruvian,
Cordova, Mediterranean, &c., are not quotably higher than
at our last public sales, but the tendency is upwards. The
most marked rise has been in English and Irish eombing
kinds, which are saleable at 2LI per lb. advance upon the
rates current early last month ; part of this change is
attributable to the improved state of trade at Bradford, but
great stimulus has been given to these long stapled sorts by
the material reduction in the import duty hitherto paid by
French consumers, by whom such wools are largely used.
Other descriptions, s citable for export as well as home con-
sumption, are much wanted, and River Plate Merino and
Mestizo, from 10d upwards, may be quoted Id to 2d per lb.
dearer. Public sales are advertised to commence in London
14th instant, and the quantities already arrived, consist of
about 24,000 hales Australian, 16,000 Cape, and 3,200
East India. An active competition is expected, and an
advance in the value of the two former kinds is looked for.
ABRAM GARTSIDB & CO.
FRUIT.— Currants : Our market during the past month
has continued inanimate, and although holders have mani-
fested a disposition to meet buyers, very little business has
resulted. The duty paid clearances again shew a consider-
able decrease in comparison to last year, being only seventy
tons against 130 tons; they are, however, twenty tons in
excess of January, 1854, but ten tons less than January,
1853 ; this apparent falling off in consumption is no doubt
principally attributable to the general depression in Colonial
produce, and a determination on the part of the grocers not
to purchase until their stocks are completely exhausted.
An improvement, however, ought now to be looked for, as
Easter approaches, and our stock being unusually light, an
average demand would soon produce a favourable impres-
sion ; good fruit is yet held for high rates, although fully
lOs under the opening quotations ; medium and low quality
have fallen more in proportion, but not being, holders have
been desirous to quit it. The arrivals are about the same
as last year, namely, 280 tons ; the exports also remain
about the same. Raisins and Almonds : We are without
any arrivals of Valencia!, and although the stock is only
small, prices tend downwards, principally on account of the
bad keeping quality of the fruit. Smyrna : The supply
has only been limited, but the quality being generally fine.
it has met with a ready sale at our quotations. Blacks :
Our market is almost clear, but in the absence of demand,
holders are disposed to take rather lower rates. Sultanas:
The arrivals have again been large, and prices having
somewhat given way, a speculative demand has taken off a
fair portion. Muscatelles remain 'exceedingly dull. The
duty-paid clearances reach only 110 tons, against 160 in
January, 1855. Almonds, of all descriptions, remain with-
out alteration, but very little doing. Figs and Prunes :
The demand for Turkey figs has improved, and the quantity
now on the market is in a small compass ; other descrip-
tions have maintained their value, the imports only being
trifling. Prunes being entirely in the hands of the dealers,
there is nothing to report. Oranges, Lemons, : The
supply of the former has been unusually small, showing a
deficiency, as compared with the corresponding month last
year, of seven cargoes of Island fruit, and 10,000 packages
of other descriptions; prices have consequently been well
maintained, in proportion to other markets, and the late
arrivals commanded a considerable advance. Bitters: We
are yet without any arrivals of Sevilles, and Sicily fruit goes
off slowly. Lemons : The arrivals are about the same as
last year, and with a limited demand a fall of 2s per case
has taken place. _Nuts : The arrivals of Barcelonas consist
of 3,393 bags, against 5,799 in January, 1855. Holders
generally ate firm at 40s, but several small parcels having
been offered at a lower figure, dealers have been able to sup-
ply their immediate wants. Black Spanish have been freely
taken, and our market is now bare. Brazils : London
buyers have taken the principal portion of our stock at an
advance of is per cwt., and the remnant is now held for 19s
to 20s, Chesnuts being in very large supply and the quality
generally inferior, have had to be sold at low rates.
HOUGHTON & LZVY.

Unite' Statto

LINE OF PACKETS FOR NEW ORLEANS

To Sall from Liverpool on the
FIRST AND FIFTEENTH OF EACH MONTH

PACKET OF THE FIFTEENTH FEBRUARY.

FOR NEW ORLEANS,
h4The splendid A 1 American Ship
JoHN COTTLE,
R• S• HALLOWELL, Commander;

Burthen 1744 tons ; copper fastened ; now on her second voyage
only, and, from her fast sailing qualities, is an excellent conveyance
for dry goods.—Apply to

BOLT, ENGLISH & BRA
Agents in New Orleans, PlEssni. J. P. WoITNEY and Co.,NDON.
61,
Camp-street.

" BLACK DIAMOND "
4\-PJA LINE Olf PHILADELPHIA PACKETS,
0., Sailing from
on on the Ist, and from
- Philadelphia on the 15th of each Month.
ISTALWART ........... Lrews ... • _llOO tons.. February —.
PHILADELPHIA ...... Pow. ....... .1200 tons.. March 1.
NONPAREIL. ........... DuNia..••• Isoo tons—April 1.
®Will. CHAMBERLAIN.. Stigamax .. 1200 tons. ..May I.
Th* ithiPs of this Line are built of the very best materials, have
r aeeommodation for passengers and are commanded by men
superi—rienee and ability. These ships will take steam up the Dela-
of oxPe
ware. APPIY -- -

RICHARDSON SPENCE & CO.,
Corn Exchange, Brunswick-street,

EMIGRATION TO AMERICA
BY
1i.:°t14.1 GRINNELL'S "SWALLOW TAIL" LINE
-k-, PA

_____..„ OIL' ri,MKE'r-SHIPS.
iilyrnor ' uth Rock, Hammond,lsoo ' Ontario, Wood (new ship).-1500
London, Hubbard....
Aurora4untlmr (new ship) 150.• Ashbart n, Bradish ll5O
New World Knight ...... 1500 I Constantine, illacoduck .....2000
American Union, Caldwell l5OO
Minnesota, Allen ...._FOR NEW YORK . - - ' -•-
-- -

.. 150 u Andrew Foster,
•••• • Isoo West Point, I.llplliner
-•• • • • *•2500 Unde . writ er, Shipley ...
I
WOR BOSTON.
Weekly during the Sea
so continue to dispatch
then, above Packet-ships,
Provisions will be supplied to the passengers during the
..., •
voyage according to the act of parliament. Parties residing at a
distance can have berth', secured by remitting a deposit of zel
for each person going. Parties desirous of transmitting money to
theii f:ienci, i n America,can have drafts atsight for .e I and up-
wards. payable on our house at New York. For Cabin, Poop,
Second Cabin, and Steerage Passage.apply to
0 ft fN7c ELL & C0.,5 Ite;ent-roacl, Clarence-
BOWMAN,
dock, averpoi I; aro' 87, South-street, New York.
' N.B.—Passengers going by these pdcket-ships can have their luggage stored free, in a warehouse attached to the omse,

Ticonderoga, Boyle
Constellation. Allen

, Swift,

rr The Su'