Northern Times.
Liverpool, Merseyside, England, 1859-08-20 00:00:00

AUGUST 20, 1859.

LONDON

AND NORTH-WESTERN
RAILWAY.

Yesterday at noon the usual half-yearly meeting of
the proprietors of the above railway was held at the
Euston-station, the Marquis of Chandos, chairman of
the Boatd .of Directors, in the chair.

The report and accounts have ;I;eady been published.
The net proceeds of the half-year amount to £407,226
145., as against £407,357 ls. 7d. in the corresponding
half of 1858. The balance brought forward from the
last account amounted to £23,196 4s. I Id., and that
sum, added to the net earnings, made a disposable
balance of £520,422 18s. I ld., out of which the directors
recommended a dividend at the rate of 4f per cent. per
annum, which would absorb £511,186 15s. 5d.; and
leave £9,236 3s. 6d. to be carried to the next account.
The Chairman, in moving the adoption of the report,
observed that the increased receipts arose from an in-
crease in the traffic, and not from any advance in the
rates. During the competition with the Great Northern
many special bargains were entered into with neigh-
bouring lines, and the low rates had ruled in the past
half-year ; but in the present half-year there would be
a considerable rise in the rates, and no doubt a corres-
ponding increase in the receipts. He regretted to say
that parliament had refused to sanction an arrange-
ment with the Great Northern and the Manchester and
Sheffield, whereby the public would have derived very
great accommodation. In other respects the parlia-
mentary campaign had been satisfactory. Having
briefly adverted to several points in the report, the noble
chairman concluded by announcing the retirement of
Mr. Henry Booth, one of the secretaries of the company,
who has been associated with railways since their very
commencement.

The motion having been duly seconded,
Mr Puncher pomplained of the smallness of the di-
vidend, which he attributed to =thrifty management
and an undue expenditure on capital amount. In regard
to one station alone he knew that no less than £20,000
had been unnecessarily spent. The London and North-
western was the best line in the kingdom, and bad ma-
nagement alone was the cause of its insufficient returns.
Between London and Rugby alone the local traffic was
worked at a loss of £l,OOO a week. He estimated the
working expenses at £5l 10s. ld. per cent. of the gross
earnings. The average takings of the company were
£64,000, and if the expenditure was brought within pro-
per bounds the dividend would be six and a fraction per
cent. Ten years ago Midlands were at a discount of
33 per cent. At that time London and North-western
stock was at a premium. Now the case was. reversed ;
Midlands- were at a premium, and London and North-
western at a discount. These results were produced by
good and bad management. At the proper time, there-
fore, he would move that a committee of seven pro-
prietors, three to form a quorum, be appointed to
investigate the accounts kept in the books of the com-
pany for the purpose of comparing them with the
printed accounts, circulated among the proprietors from
time to time, particularly during the last four half years,
and to report thereon to a special meeting.
A Proprietor thought the working expenses ought
not to exceed tut per cent.
Mr. Franklin desired to see a declaratory resolution
passed, that the principles of railway accounts- might be
considered and improved. It could be done through the
instrumentality of the railway parliament.

Mr. Tite, M.P., said it was impossible• to go into
figures in a meeting like this, and he would suggest to
Mr. Puncher that he should examine the books himself,
which he had a perfect right to do.
The Chairman gave a variety of explanations upon the
accounts, and stated that fuller information could be
obtained at the offices.

After some further discussion, the report was adopted,
and the dividend declared payable on and after the 27th
instant.

The resolution proposed by Mr. Puncher having been
disposed of, and the business of the ordinary meeting
brought to a close, the meeting was made special to con-
sider an agreement proposed to be entered into by the
Birkenhead Railway Company with the London and
Northwestern and Great Western Railway Companies
for the transfer of ,the undertaking of the Birkenhead
Railway Company to the London and Northwestern.
and Great Western Companies jointly, and for other
purposes.

-After same discussion, the directors were empowered!
to enter into the agreement, and the proceedinga ter-
minated with the usual vote of thanks to the chairman.

THE MURDER BY AN AMERICAN MATE
ON THE TYNE.

The inquest on the body of Daniel Witham, the
seaman who died on Tuesday night from the effects of
the alleged ill-treatment of the mate of an American
ship in the Tyne, took place on Wednesday evening,
and resulted in a verdict of "wilful murder" against
John W. Moody, the second mate of the Mary. The
Newcastle Chronicle says :—" Both the coroner and the
jury strongly condemnad the almost criminal indifference
of the captain and chief mate, as displayed in their
neither sending for a surgeon, nor taking measures to
prevent Moody's escape. There appears to have been
no provocation whatever on the part of the deceased."

The under-noted or other Vessels are appointed to Sail
From LIVERPOOL. 1859
AFRICA For New York This Day, Aug. 20
EUROPA For Halifax and Boston Saturday... Aug. 27
PERSIA For New York Saturday... Sept. 3
ARABIA For Halifax and Roston Saturday... Sept. 10
ASIA For New York Saturday... Sept. 17
CANADA For Halifax and Boston Saturday... Sept. 24
From AMERICA. 1859
EUROPA .........From Boston Wednesday... Aug.
PERSIA From New York lO
Wednesday... Aug. 17
ARABIA From Boston Wednesday.,.
ASI A From New York Wednesday... Aug. 24
Aug. 31
AMERICA From Boston Wednesday...Se pt. 7
The Passengers and Goods for New York are intended to be
- - inrisdietion of the Custom-

City,

house of New Yon

Chief C

PROM LivEßpoo

:ND BOST°.

KANGAROO
CITY OF MANCHESTER Saturday, Aug. 1.
CITY OF ItALTIMOR,E Saturday, Aug. 27.
CITY OF WASHINGTON Saturday, Sept. 10
And each alternate Saturday, at noon.
Rates of Passage from Liverpool to New York

~coin 15 guineas, 17 guineas, and 21 guineas, according to
the accommodation in the State Rooms, all having the same
pf.yeleges in the Saloon.

Forward passage, 8 guineas, including' an unlimited supply
of Provisions, cooked and served up by the Company's Stew-
ards.

These steamers carry "Phillips' Patent Fire Annihilate
and are built in water-tight compartments.
An experienced Surgeon is attached to each Steamer.

Freight £3 per ton, to New York, and linmanafactured Goods,
&c., will be taken subject to agreement, payable here, or New
Yolk-, at 4 dollars 80 cents per Pound sterling.
Parcels ss. and upwards, according to size and value, w'
~eceived till six 53 r t

. p.m. ou .ae day before sailing.
Apply, in New York, to John 0. Dale, at the Company's
offices, 15, Broadway ; in Philadelphia, to John G. Dale, at the
Company's offices, 109, Walnut-street ; in London, to Eives
and Macey, 61, King William-street ; in Paris, to Jules Decouc,
5, Place ase la Bourse ; in Havre, to Davidson and Co. ; in

Antwerp, to J. P. Kremer and Co. ; in Glasgow, to Thom'son
and Co, 83, Jamaica-street ; in Edinburgh, to Thomson and
Co., 2, North Bridge ; in Manchester, to George Stonier • in
Dublin, to Cornelius Carleton ; in Belfast, to John M'Kee, 103,
Victoria-street ; in Cork, to Daly and Foley ; in Queenstown,
to C. and W. D. Seymour and Co.;• and in Liverpool, to
WILLIAM INMAN,
62, and 63, Tower-buildings South, 22, Water-street.

STEAM COMMUNICATION BETWEEN IRELAND AND

k3fERICA

The Liverpool, New York, and Philadelphia Steam-ship
1<.... Company's Steam-ship
CITY OF MANCIEES
2,109 tons,
Captain KENNEDY,
-- -4,411 s intended to sail from BELFAST fc
NEW YORK, on Wednesday, the 21st September, calling :
CORK (Queenstown), which port she will leave for New Yor
direct on Friday, the 23rd September.
Freight on fine goods, £3 per ton of 40 cubic feet ; coar

geods by agreement
Passage Money : Cabin, 15 guin(
including an unlimited supply of cooked provisious, served out
by the Company's stewards.
For further particulars apply, in Belfast; to John M'Kee, at
the Company's offices, 103, Victoria-street ; in Queenstown, to
C. and W. D. Seymour and Co.;• and in Liverpool, to
WILLIAM INMAN,•
d 62 and 63, Tower-buildings South, 22, Water-,

Forward, 6 guinea:

MERCIIANTS' LINE OF PACKETS.
-'
' Regular Line of Packets
BETWEEN LIVERPOOL AND BOSTON.
rdrel Sailing from Liverpool punctually on the Ist and
15th of eaeh month.

Ship. Capt
MORNING STAR Porter
J. F. CHAPMAN Chapman 1,10
J. MORTON Gilley 1,250
RUFUS CHOATE Rich l,lOO
SUSAN lIINCKS Claussen
COMMODORE Bliss 1,200
LEUCOTHEA Gay 1,000
D. L. CHOATE l4l`Manus l,lOO
_ The line has been established for the accommodation of

tons. To sail
900

shippers; it will be conducted on the principle of moderate
rates of freight, punctual despatch and prompt delivery of
goods at Boston. The ships are all strictly first class, and
commanded by men of experience and ability.—Apply to
TAYLOR, TIPPER, & RICHARDSON.
For passage apply to SABEL & SEARLE, Waterloo-road.
Agents in Boston : Messrs. Page, Richardson & Co.

THE "BLUE BALL" LINE OF PACKETS
• LIVERPOOL TO NEW YORK.
PACKET. FOR AUGUST.

Berth,t lßramley-lk.loore Dock,
Pai The sLoaleMfidt p
WrsF-c
,4srsoitAritrican Packet-ship.
- . C. COMERY, Commander;
1643 tons register, and well known in the trade as a fast sailer.