The Express.
London, England, 1868-11-23 00:00:00

THE EXPRESS, MONDAY EVENING, NOVE M.BE4 jII 1868.

LAW INTELLIGENCF..-(T11113 DAY•)

EQUITY 1.1()IntT.
(Before N'ittesasanoollor Sir G. Gifford.)
IN *lll ITEM Or TIM LONIIO,I LND OXON CAL. COS*
PANT. --Tomes CAM.
I his was an application to review the course which had
been taken ly the official liquidator in putting the trams
of the Rev. (liankeTooth on the list of contributories far
20 B shares in the above company, which was instituted
for the purpose of purchasing a Newsy belonging to Itebort
Tooth. By the memorandum the capitol of the company
saw slititled into two classes of shares, 800 A and t,OOO
11, and the qualification of tho directors was to bo 30
shares each. Charles Tooth, who was oseof the original
directors, and one of the signataries of the memorandum
of association for 40 B shares, applied for that number,
of which 20 wbre allotted to Mtn on the 24th of Nov.
(hi the 13th or 14th Dee., Robert Tooth, the father,
transferred to Charles Tooth 36 more fully paid-up shares
of class B. It thus appeared that Charier Tooth, then.
had more than his full amount of qualificatiou
shares. On the 13th of June, 1860. 1w
ceased, to be a director. and in 1881 he sold
all his shares, they were transferred, and he ceased to be
a member. Afterwards, when 496 only of the B shares
had been issued, the company resolved to Issue additional
B capital, and 1.280 aew B shares were issued. which
were disposed of at a premium. On the 16th of Mitch,
1067, seven years after Charles Tooth's retirement,
the company was voluntarily wound up. The stilton-
lion on the part of Mr. Charles Tooth was, that he bad
satisfied every liability he was ever tinder. The liquidator
on the other hand, contended that by his signature of
the memorandum of association he had, by virtue
of the provisions of the act of 18.16, under which the com-
pany was registered. entered into and executed a con-
tract to take 40 B shares, which could not be affected by
the lapse of time. On the other baud, for Mr. Chas.
Tooth, it was argued that the contract was executory
only, and the company had waived all right to entente it.
by having put an end to the issue of the original 1,000 It
shares. 40 of which, and 40 of which only, Charles Too'
bad contratied to take. The lapse of Nue and ac.pri-
eseence of the company were further relied on.
Mr. Bruce, Q.C., and Mr. Lindley appeared for the
Rev. Chivies Tooth; Mr. H. M. JAOKO, Q.C.,
t:harles lisle for the liquidators.
Mr. Druce having replied this morning,
The Vice-Chancellor raid he must treat the case as
concluded by airthority. The terms of the act of par-
liament clearly gave to the signing of the mernoraidum,
the cies,* of an executed contrast. Mr. Tooth must but
taken to have been a shareholder, and if so, Noke's case
and Evans'e case showed he must be held liable.
notwithstanding his transfer of the shares, and
siuce the detesions In Stenhope's cars and Spaek-
rnares esse, his Honour was compelled to come to the
conansion, although the haadahip of the result was la
sone instances quite shocking, that. except under special
circumstances, lapse of time wall not operate es a moaner
of a contract of toys nature. Mr. Charles Tooth's appli-
cation therefore must fail, and his name must be retuned
M a ccattnbutory.

JIIIITVIGTION OPMMBRB. anisrs ANI)
NCIINA PAINTING ESTAILLISHILINT.
(THIS DAY.)

A fire broke out this morning about seven o'clock
in the premises oocupied principally by Messrs. Grie►e
and Co., the well-known erase painters, situate in Males-
street, Drery-lime. The building was at' least 100 feet
deep, about 60 feet wide. and three floras high. and ran &I
far beck as the homes in what is termed the Coal-yard,
which adjoined the Almshouses of St. Hiles-in-the-delds.
Ile Lower part of the premises was used as stables, and at
the tinie of the disaster several horses were therein. The
whole of the upper doors were used as carpenters' shops,
painting moms, varnish stores, &c. A large namber of
elaborate scenes tor the Christmas pantomimes were being
prepared, all of which have been destroyed. It appears
that some of the neighbours had their attention called to
the stables by seeing dense masses of smoke pouring from
the openings. The doors were at once forced open to get
the animals out. Several were rescued, but two at the
least were burnt to death. The draught made by open-
ing the Aeon caused the flames to spread, and in the course
of a few minutes they communicated with the other part
of the building. The whole of the premises and their con-
tents are totally or nearly destroyed. The origin of the
tire is at present unknown.

The changes in barometrical reading; since Saturday have been
very rapid, the decrease amounting to nearly an inch. In the
north and west pressure has begun to recover itself MOM yriter•
day, but readings at all atatioa4 are hearty uniformly low, the
least reported being at Scarborough while that at Rochfort is
only tre ineh higher ; there in amortliney not mach wind thin
morning. Temperature yesterday had -reamed very much on
our mat roast ; It has decreased to- day. On ilateuday night and
during yesterday heavy south-westerly gales prevailed in these
14aode, and on the west ooast of Franoe • in the south-wed the
gale continued last night, but this morning winds have muted
on uur masts, mid are now /roan north to west and moderato on
the Irbil roast and iu the Channel. On the west osast of Fria,
the south-went gale is dill reported. Beery rain ha, beep
'mend. sod the weather i. r4oudy.

Queen on the occasion of her gte,
on Thursday last. received congratulatory despatches
from the Emperor Napoleon and the Empress
Eugenie, the Emperor of Austria, the King of the Bel-
gians, Count and Countess de Paris, the ez-King and
Queen of Naples, and several high Spanish personages.
Her Majesty also received on this occasion a great number
of visite from persons of rank.
THE CRANeEle.Oneltle 01 EDINBURGH UHT -
ireltelTY.—Tbe voting for the Chancellorship of Edinburgh
Univenity having terminated on Friday, the papers were
oned on Saturday, when it wan found that the Lord
Justice General h. a a majority of 210 votes, the numbers
being—for the Lord Justice General, 1,780; for Kr. Glad-
stone 1,570.
(SOUTH LONDON WORKING CLASSES INDUSTRIAL
EZEIZITION, 1860.—0 n Friday evening a public meeting
of exhibitors and others met at the Lambeth Bathe, under
the preeidency of the Rev. 0. M. Murphy, to decide on
the officers, committee, mad rules for the conduct of the
exhibition. Mr. Samuel Morley, M.P., was unanimously
chosen president. The opening day was fixed for the let
of March. The maximum prize is to be 101., the minimum
le All exhibitors are to remove a certificate, and it was
urged upon the committee that there should be a premium
punter a medal deign, the competitors to be working
residing within the southern postal districts. The
meting, which was very hearty and unanimous, closed
with a vote of thanks to the chairman.
A meeting of the Grand National Steeplechase
cciggiittee will tel new et MONIS. Weatherhy's office, 6,
Old Burinmiononiker, oh the Mona day of Croydon races,
Wednesday, the 25th of November, at haif-vast 5 o'clock.
The following noblemen and gentlemen will be proposed as
members of the committee :—Lord Calthorpe, proposed by
Lord Poulett and the Duke of Hamilton ; the Earl of
Stamford, by Lord Poulett and the Duke of Hamilton;
Sir W. Throckmorton, by Duke of Hamilton and Lord
Poulett; Colonel Knox, by Lord Poulett and the Duke of
Hamilton,. Captain Michell, by Lord Poulett and the
Duke of Hamilton ; and Sir C. Legard, by Lord Poulett
and the Duke of Hamilton.
HER MAJESTY'S STAGHOVNIne.—A special train
will leave I'addingtonto-morrow to convey gentlemen and
their horses hunting with these hounds ; It will reach Ux-
bridge before 11 o'clock.
AOLTDENT ILN THE PIEI.D.—On Satur-
day Captain Vevey, of the 2nd Battalion of Coldstream
Guards, whilst buntingwith the Guards flying pack of Drag-
hounds, which met at Southall, mot with au accident soon
after starting. His horse fell on a fence, and on coming to
the ground rolled on its rider, breaking the bone of his
right leg immediately below the knee.
THE RETORT COVRTEOUS.—On the occasion of
Sir. Jobb, the liberal candidate for North Shropshire,
visiting Were, the enthusiastic electors insisted upon
taking the horses out of his carriage, and dragging it
through the streets in triumph. A local clergyman,
speakum at a conservative meeting hold in the town
on the same day, described the scene, and mentioned that
he had seen a carnage drawn, not by horses, but by the
less noble animal. A correspondent writes to a district
iewspaper to remiud the speaker that the next time he
celibates in his parish church lie will be under the uoces-
eity of addressing the -e asses as "dearly beloved brethren."
A TonY Tiuo IN WORCEOTERSHIRR. The
.D;rutiayilsto Prof says that the Tories in East Worcester-
shire have resorted to the same disgraceful fraud which
the same party committed on the eve of the Birmingham
election. They aro issuing to some of the liberal voters
forged voting cads. purporting to be sent out by the libe-
nil committee, and directing those who receive them
.to
"Plump for Lyttelten." Tho cants are mado out in tee
elector's name, number on the register, and number of his
voting booth and have all the appearance—us they are
intended to have— of being belied by the liberals.
aIIOCEINO AC,IDENT DO A RAILWAY
Titminfr.-- tin Saturday, as Snperintendent Rolph,
.14 years, was directing the shunting of some railway
carriages at the Watorlowstution of the London wed South
Weston Railway, by some accident he felt under the
wheels, and bed both his lugs so fearfully mutilated that
en his arrii al rat Charing-eroni Hospital it was found
neoestary to rwort to amputation as the only chalice of
suritg the unfortunate nurn's life; the operation was
eubscueutly perfernied successfully by Dr. lisudcock,
both legs being taken off below the knees. It is to be
regretted that but slight house are entertained of his
recovery.
COMM I'HICKI lo ItErWit3l3 I'ASSLIeG Ma)
Goren. -Star. Lase been already taunt by. the South
Fat tern Company to carry into effect the requirements of
the set of last session to provide comennnication between
ra,,migec, anti driver. • There are now four ex-
priso Labs- I:tted wi.h ii.,, ilectrient Gomm 'cation de-
ni awl by Xi. Watker, the electrician to the company.
1 lit cart irte- lifted this apparatus are nut pennittod
to ete Ira ola:ly in other Dahl., and at the end of each
jot:limy the electrie (-impalal. its.. taken off the earriages
.40 can to •,1 iu boov provided for them. Sines
trine Sit •.1 bit re relining there has ant b vet
n ,te • oiiioitok.ition having leen orted.
- 1(,e•• All
14'1 Wm AIAII. u,. N'itV.
Sri 11... I'. • • lar and trrieutaltloarpany's
titid wat • a -.tiled :it 1 p.m. to-day for Booviy.

10717 HAREEM-(T718 DAY.)

ONE O'OLOOIL

There is no new teatime of impor'aua• UI Ow
stock n•erke;s 10-day. The Vansae ions g• nerolly
are Won a huiltd eak•, en 1 pri its hNo s.:erzc'.•y
serial. The tone, on the whole, is rather dull.
Contras we without alteration. A few of the
rnilivsy stocks are slightly higher, but Gre.kt
Basten ban experienced a moderato reduction
upiti wiles to realise profits. Foreign bonds
show a Somewhat drooping tendency, • partly in
expectation of supplies of stock being re..eived
from abroad. Banking shares aro maintained in
price: Only a few dealings have oceurrel in mis-
cellaneous descriptions, but Anglo-American Tele-
graph and General Credit have advanced. United
States 5-20 Bonds have risen, in response to the
receipt of better quotations from New York.

NO alteration *is observable in the discount
market. The rate for loans in the Stock Exchange
is 1 to 11 per cent.
The government funds are at 94 to ¢ for money
and the let of December, and the Throe per
Cents. Reduced and New Three per Cents., 9
to 1.

The variations in railway atooka comprise a rLea
of 1 per cent. in Midland, Brighton, South
Eastern, and Caledonian, and a rednotion of in
(}rent Eastern. Priers are quoted as follows:
London and North Wostorn, 114 to 1131; Great
Western, 49; to 501; Midland, 1121 to t ;
London and South Western, 87 to 88 ; Groat
Eastern, 43 to / ; Brighton, 481 to 49; South
Eastern. 791 to ; Metropolitan, 1081 to 1 ;
Great Northern A, 1041 to / ; Caledonian, 7.4 to
76; and Loudon, Chatham, and Dover, l 7 to;.

With respect to foreign bonds, Egyptian of 1368
and Spanish of 1867 have improved 1 to 1 per
cent., while Italian of 1861 and the Orel
Vitebsk Railway Loan have declined to I.
Subjoined are the quotations :—Brasilian of
1865, 773 to 761 ; ,Cbilian of 1867, 933 to 963;
Egyptian of 1804, 813 to 82; ditto of
1868, 743 to ; Italian of 1961, 553 to / ;
ditto of 1868, 31 to 3 prem.; Mexican, 153
to 3 ; Peruvian of 1865, 81 to 3 ; Russian of
1866, 901 to ; ditto Nimolai, 631 to ; ditto
Orel, 803 to 1; ditto Moscow-Jaroslaw, 81: to
823 ; Spanish of 1867, 311 to ; Turkish of
1858, 67 to 68 ; ditto of 1802, 67; to 601; and
ditto of 1863, 411 toe.
Bank shares are toWady. London and West-
minster, 651 to 661; City, 11 to 121; London
and County, 64 to j; London Joint-Stock, 333
to 343; Union of London, 351 to 301; Anglo-
Austrian, 7 to 73 prem. ; and Imperial Ottoman,
1: to 11 prem.
Indian securities are unchanged. The Ten-and-
a-Half per Cents. are at 217 to 220 ; the Five,
1151 to I ; the Four, 1023 to 103 ; the Bonds, 10s.
to 17s. prom. ; and the Debentures, 1053 to 3.
Exchequer Bills are 2s. lower, at 14s. to 19s. prom.
Bank Stock, 244 to 246.
In the market for miscellaneous shares, Anglo-
American Telegraph are ss. better, at 221 to 1.
General Credit have also improved 2s. 6d. to 55.,
viz., to li to 11 die. ; National Discount, 113 to
1'23; International Financial, 11 to 11 dis. ;
Hudson's Bay, 143 to 1; Telegraph Construction,
151 to 1; and Atlantic Telegraph Eight per Cent.
Preference, 31 to 4.
United States 5-25 Bonds have advanced per
_ _ .

cent., the present price being 741 to I ; but Erie
Railway shares have fallen 11, viz., to 28 to ;
Illinois Central, 93.1 to 961; Atlantic and
Great Western Debentures, 38/ to 1; and the
Consolidated Mortgage Bonds, 391 to 2.
The traffic return of the Great Western Railway
of Canada, for the week ending the 20th inst.
shows an increase of 56/.. compared with the cor
responding period of 1K67.

TWO O'CLOCK.

Great Northern Railway A Stock has improver'
per cent., but Great Eastern and Caledonian
have receded Ito 1. Turkish Five per Cents. of
1805 bave risen 1. The English funds are
steady.
No bullion was scut into or withdrawn from the
Dank on Saturday.
The Nyanza. from Alexandria, has brought
25,713/. in specie, and the Cimbria, from New
York, 8301.
The Council of India will receive tenders on the
2nd proximo for bills on Calcutta and Madras to
the amount of 200,0001.
The report of the directors of the Great Indian
Peninsula Railway Company, to be submitted at
the half-yearly meeting on the 27th inst.,
is of a less favourable character than mug,
the half year's receipts having been loss
by 107,012/, then in 1867, while the nen-
diture allows an increase of 4t,%17. The ifis,tie
off in the receipts occurs almost solely through re-
ductions in the rates of carriage for cotton. The net
revenue for the half-year amounting to 380,7681.,
•• is in tile hands of government, to be applied in
reduction of guaranteed interest advaneed." Re-
ference is then made to the measures which are
being taken for placing the rails-ay and works in
a satisfactory condition ; but the directors express
their regret at being obliged to postpone until
next meeting the laying before the proprietors of
a complete statement of the entire capital expen-
diture of the company. It is mentioned that
" meanwhile further capital must be raised for
the immediate prosecution of the works in hand. A
resolution will be accordingly submitted to the
meeting to stathorise the directors to raise
2,000,0001. additional share capital, to be issued as
paid-up stock, upon such terms as may be sanc-
tioned by her Majesty's Secretary of State for
India."
The half-yearly meeting of the Bombay, Baroda.
and Central India Railway Company will be held
on the 18th of December.
A new undertaking bearing the title of
the Islington Railway Company, has issued its
prospectus. The object is to construct a railway
from Islington-green to a point adjoining the
Metropolitan Railway station rn Moorgate-street.
with an intermediate station in the City-road. The
company's plan comprises some new features. The
railway is to form a continuous bridge or viaduct,
and it is proposed to make the space
under the line available for ooeupation.
The gauge is to be limited to three feet.
The capital proposed is 800,000/c, in 40,0(5) shares
of 201. each, with a deposit of 2/. per share, which
is to be returned, less expenses. au the eveut of
the set not being obtained. There are to be no
debentures nor preference stock, and it is prondreel
that " the capital of the company will lac closed
immediately upon the completion of the rail-
way."
Subjoined is a ropy of a furtber oirculitr 10-
dreesed, ou Saturday, by the secretary of the
Italic!". Irrigation Compsny to the Septennial

. .
bondholders:
With returetwe to the circular addloreoll to yon of yin.
torde/e date, signed by Dent end Sir Thomas Bate-
eon, lam directed to my that the object of the directors
in yelling meeting of the hoocUioidots is to obtain. a full
discumion of the term* of arrangement come to (after•
protracted aegotiatioas) with the Italian government, and
embodied in the proposed eonyorilat. The directors trust
that the bondholders will attend the 'nesting, on Weil-
!melee nett, when the dimeters will lay before them all
the lamination in their rossession as to the matter.
dircetors are in no way acting, nor de they desire, to sot,
in hostility to thy eriamiittee referred to in the cin•ular :
ou the on,tut.ry, they fully behove that it is of the ettuoit
lingo tame, in the premit critiral po.ithin of the atfairs
i.l* the company, that all class•' intere-tal in it ihnahl aet
in unison. IN. that tau• company; which for the last IS
inwlbn hue: he,•,, in kodowptcy, may tow bo extricated
tirirefions wui 11.111.111 e payment a' a working orinecra
Yuve attintlame at tie nmeting is numetty
The TAiutl 'Mortgage bloat of India, have given
• • • • -- •

notice that drawings win take plaoe on the 2.lth
inst. on aeommt of the debenture issues of 1884
and 1866.
Thu interest due the Ist December on the bonds
of the Faint Paul and Pacific Railroad Company
of Minhesota is advertised for payment in due
courts! by Messrs. Robert Beason and Co.
Creditors of the Industrial Loan and Investment
CoMpany (Limited) are regnired.to send the par-
ticulars of their claims to Mr. William Turguaud,
the official liquidator, by the 12th December, the .
21st Deceit:liar having been appointed by Vice-
Chancellor Malin for adjudicating upon them.
With regard to the Michigan Central Railway,
thegfollowing is from a circular of Mows. Hatter-
thillide and Co. :
11,k most important for holders of the Bight per Gest.
of this cowpony, whisk mature end year, to bear
in they have the option of ocerverting them into ore-
stock on the lit January. The option ere only he
declared on that day, and if not 1111111411.4 then the bonds
can be, at maturity, on the lid firiplemher, IMP, paid el
at par. As the mem= shock novelised§ at LID per cent.,
and hes for some time yielded a dividend of tea per ant.
per minuet, it is clearly to the advantage of holders to
make the exchange either as shove into sieves, or into
sinking fend bonds of 1862, an operation whisk the com-
pany still effect. Them laort-nansed beads, however, have
not the privilege of conversion.
It is stated that the Oaks Colliery, Burnley, is
now fast approaching the supply of coal it had
attained previous to the explosion of 1865.
HOMO very useful " Enduing° Table'," prepared
by Messrs. John and Charier Garrett, have just
been published by Mr. Wilson, of the Royal
!change, the object being to show at a glance the
'equivalent in British currency of the monies of
Brazil, the River I'late ports, Chili, Peru, Cali-
fornia, and Lisbou. and rice versos. The rides of
exchange progress by eighths of a penny, and are
wide enough in their range to meet all fluctuations.
With regard to the wool trade at the Cape, the
following is from a circular of Messrs. L. Lippert
and Co., dated Port Elizabeth, Oct. It :
Mines our last report the news of the Leavy rail of
prices at home has come to hand by the atomisers Briton
and Good Hope up to the 31st August, and has caused
great and general consternation amongst mortars of
wool; for the few parcels still on hand, owners, ending
buyers determined to operate very carefully, await further
reports, and hardly any sales have takes place. Of the
new clip but a few bales have been brought forward, and
the supplies altogether have been very small daring the
last month. It is 'repayable to say at present what the
prices will be for the new wool, no transactions on which
to base cp:otations having taken plate.

SATITRDAX *WING.
Conaolo, which closed yesterday at 94 to 1, both
for money and the Ist December, opened and closed
to-day at the same quotation. The Three per
Cents. Reduced and New Three per Ceuta. were
last quoted 921 to ; Bank Stock, 244 to 246 ;
Exchegner Bals, 15s. to 20s. prem. •, India Ten-
and-a-Htdf per Cent. Stock, 217 to 220, being
11. 10e. better; ditto Five per Cent., 1151 to ;
ditto Four per Cent., 1021 to 103, showing a re-
lapse of 1 ; ditto Bonds, los. to 17s. prem. ; and
ditto Five per Cent. Debestures, 1051 to 1. The
official business report is as follows :—Thres per
Cent. Consols, for money, 94, : Three per Cents.
Reduced, 921 ; New Three per Cents., 921,
'1 • India Stock, 2171 ; ditto Five por beat.,
116; ditto Bonds, 125., 16s. prem.
The transactions in foreign 6V-wits consisted
chiefly of sales, and the tendency of the market
was flat. Russian of 1862 declin.4l 1 per cent. ;
ditto Moscow-daroslaw Railway Loan, 1 ; the
Honduras Railway Loan, 1; Turkish Five and Sir
per Cents. of 186.1, 1 to t ; ditto of 1836, 1;
Italian of 1861, and Peruvian of 1865, 1: and
Spanish of 1867, 1-16. Chllian of 1867, and Por-
tuguese, were exceptionally firm. and rose to
per cent.
No variation occurred in railway debenture
stocks. Annexed are the closing quotations :—Great
Eastern 3 per cent., A, 106} to 1071; ditto 5 per
cent., B, 1061 to 1061; Great Western 5 per cent.,
1071 to 1071; ditto 60 per cent., paid, 6 to 61
prem. ; London atid Brighton 41, issued at 95, 3
to 41 prem.., South Eastern S per cent., 1091 to
1101 ; ditto scrip, 5 per cent. paid, 51 to a prem.
Bank shares were very inactive. Agra rose 11.,
and Union of London, 10s.; but Imperial Ottoman
declined 2s. 6d.' viz., to 11 to 11 prem.
The shares of the financial companies were firm,
and a trifling rise took place in Credit Foncier and
General Credit. Prices were quoted as follows :
International, 11 to 11 dia. ; General Credit,
1 15-16 to 1 13-16 dis.; Credit Foncier, 21 to 1
per share: and London Financial, 231 to 221 dis.