Northern Times.
Liverpool, Merseyside, England, 1857-12-05 00:00:00

NEW YORK AND ERIE RAILWAY•

On Wednesday, the adjourned meeting of the Eye.
bondholders and shareholders in this company was ?,°_`,„,f4
the London Tavern, Bishopsgate.street. 3lr.
apd
Campbell, the chairman of the committee, presided,
called on the secretary to read the report they had dre"
up since the last meeting: detailed
The Secretary then read the report, which data_
1,4
length the particulars of the line. It stated that 311.2,700
who held the mortgage en the rolling stock for URN".
dollars, with full power of sale, would not put it ic 'l—„of
unless compelled by some unforseen circumstance To
which he had no control. After making every incluiff„gef
the subject, the committe were satisfied that the pity
of the company was so good that it afforded ample
,700
to the bondholders f.)r the money they had investedit ' svaa
line was not cm4-ucted at an extravagant price, is, or
498 miles long, and the total cost was 38,000,000 a° had
£l5 120 per mile, and the gross reveal s. in
been gradually increasing from 2,359,870 a/DI ate
1850 51, when it was opened, to 6,349,050 dole. ofthe
year 1855-59; while the expenditure, after paymeented and
cost of working the line, interest on the boa:40001
floating debts, rent of the Union Railways', &e., bone ft
surplus of 1,246,000 doll. on the year's operations, ot.ca
was equal to a dividend at the rate of eleven per ce
the share capital. The report then entered lute other
parative statement of the cost and returns of that, anew the
neighbouring railways, from which it appeared 000
Erie railway was the cheapest and intrineicallY„rbear 0
valuable line in North America, and even o'l' totiff
favourable comparison with the railways of this No ty
many of which were named. It then pointed it'
increasing traffic on the line, and staked that *tool
Long Dock was finished, it would yield an idnerelo
gross revenue of 1,000,000 dollars a year. no be
of the company in the Long Dock terminus Oroeore
comprised exclusively in the mortgage issued to Pboik
the new loan, and the committee recommended the. of
holders to do all they could to take up a LOT 0
the loan corresponding with their respective bon tool
making this recommendation the committee felt taros
would not be discharging their duty if they did not, terte°
same time direct attention to, and comment in sever'
on, the reprehensible practice which permitted '-
railway managers to issue acceptances and execute
tor
gages without consulting their shareholders. Withelittef
suring"the past management of the company, the corm"
expressed their entire confi. 'erre in the present ch,ai
defl
ter. Charles Moran, and recommended the bons
o accept the terms of the loan in their 112;0
lowing it to the committee to seek to obtain fro the
directors such assurances as they may think requisite wit)
future protection of the interests of the bondholders. 000
this view, and to give weight to any representations 00,
by the committee, it was desirable that the boci'„ ,14 10'
should not remit their subscriptions to New Ic'sabl
that in lieu they be paid to some bank, to be selectiorg
the meeting ; and that the committee should have ata„,o
to direct their payment to the Erie Railway C°r°9o, or
New York, upon receipt of such assurance frotn„. see
rectors as they might, in their discretion, considerool
factory. The chairman then said the report had 6°.,,,t/1°
rately proved that this was a geed and paying p.roPeArlo
he would not say a word about it ; but he wlehe'„itedP
press upon them that the -old proverb bis dat qu,
was never more applicable than on the present °tielu
He therefore moved "That the report now read bet bee
and adopted, and printed for circulation among the„ot,
holders of the New York and Erie Railway C°l73Wel
A Bondholder secondel the motion, and it wag o'
unanimously. Other resolution,, appointing the Bess
England to receive subscriptions in the names of oril
Campb,ll, Da Salis, and Gowan, on behalf of .t,,lne,P,
Railway, and regulating details for the future gcluitivao7
the committee, wore then agreed to, and a vote Pi ,1
to the chairman terminated the proceedings.

The decrease in the weekly traffic returns of the
cashire and Yorkshire Railway i 3 £3,669. • °r
Messrs. Messrs. Hodgkinson and Burnside, wholesale statl
of Upper Thames-street, have suspended payment. tiot
The only other failure notified in London has been
of Messrs. Hairsch, Strother and Co., a German I.°3't,As
The suspension has been announced of Messrs. r3tfrO
Rosenour and Co., German merchants. The eittii
attributed to the decline in produce, and losses ft°'"
suspertsfbn of other firms.
THE QUEEN'S S PERCH.— The _Daily Hews sar;;OP
Queen's speech created disappointment in the 61'4 VI
to the extreme vagueness of the passages relatm•
commercial and financial matters. •
111 Ail)
COPENHAGEN, Thursday. The commercial er,i9r-
Stockholm has made a serious impression in this
The government has lent five millions of fre°}7ave
Directors of the Bank to sustain credit. Thef
to ILtroburgh to honour their bills. i
neandi
MARSEILLES, Dec. 3.—We have letters fpm CO
via
nople to the 25th Nov. The Assemblies of 301dsv t: 416/1
poro7od
Wallachia have formally communicated is the
vote relating to the Union, declaring that they willeo
it in the event the Congress of Paris refusing
Foreign Prince. of
MAO
In the Times city article it is stated that the lc tv•
the Northua,berland and Durham District Bien 0111!
reported to amount between two and three toilliougfor,
the assets consist almost exclusively of claims nP°.l to ;1"1
and iron works. One establishment alone is
iSmal 000 v
indebted to the bank in a total exceeding by
entire paid-up capital, of £652,891. 01;
DESTRUCTION OF A RAILWAY STATION By F°13.1 08,
Wednesday morning, the Bescar Lane Station, °SI°
Lancashire and Yorkshire Railway, the last station °OOO
new lice between Wigan and Southport, about 4ipsii4o
from Southport, was totally destroyed by fire. itier
tin booking office and waiting,-place, there was are! Rte
for the station master, Alfred Maule, who, with 111,7
and three children, hod a very narrow escape, thi,e;bBr.
being in considerable, danger. Not a vestige of 01
oz the fornitura was saved. o°l'

A DINNER ESS OPPOSITION.—It wi Ibe within tlljd.
leetion of our readers, that up to a recent PO,llllOl
distinguished political personages, the Carl of 1::/,',100,61.
the Right lion. B. Disraeli, headed a number of g'„stit°,'p
who, be the favour of the public, were duly c°,l"olte,,Jll
her Mojest3's Opposition. They accepted, ern.,'ljeforp
fashion discharged, the duties of their position. Inoeti,
functions of leadership were assumed at the conlril'er [lf
of each session, with the proper etiquette of a disco foo„,0
by fie two distinguished statesmen, who we II:1 001'
hoped would have been spared political health ag to 401
toni aigurate the Opp ,ition for many sessiong doe toe
after the same time-honoured fashion. Our Tea thst
participate in the regret with which we announcecir id; 10
Earl of Derby and Mr. Disraeli have andicat2d
tions in the most formal Planner. There wo re-et/.04
festivity at Cambridge House and in Bratorl'btdirk;gbe§
St. James's-square and Grosvenor-gate were„ ogo`g-tli
funereal. With the courtesy which'always
chivalrous foes, copies of tne Royal Speech sce,',,a. 0',.00,
folded, carefully sealed, and despatched for the u'ole 'tife
Opposition dinner parties. Great, therefore, 5v35504;111
sternation when it became known that the u°'oo66"
statesmen, though "greatly daring," were net 6 .4
so to "dine."—Globe,
110
EXTRAORDINARY AND PAINFUL OCCURONC'IBOO 004
painful occurrence has lately happened at St. Pitto 00,
son of a senator residing there, married, aboilto:
since, the daughter of a rich chemist in the t°4'
end of two months they separated. The dough dell deli/011
to her father's house. where in due time she Wssfracir:
t
of a child, now thirteen months old. She nart;ori
walked about St. Etienne with the child and Lrtelf 00"
appears than. her father-in-law, the senator, 'soli'clie.
the design of getting this child into his own ca 003 .
a 11
0.1
with that object caused her to be followed 4680 r
during her walks. He had succeeded in Per' 10 '10"
chief commissioner of police in the town to el nour Oetl
project. One day last week the lady in _de
walking through the galleries of the museum West
;
de Ville, accompanied by her servant with the it-
a police agent came up to tell her that a Pers°ollto4
ing to speak to her down stairs. She went 06 0
building, and during her absence the chl bee ellsie..
away. When she found the trick that bed 000,6 r
upon her, she uttered piercing cries, anvil /111;ira
was thrust into a room in the Hotel de isheLltt
was for some time kept a prisoner. Ultimate liron tpert.
into a garden, separated from the street by an
through the bars of which she told her stall t° 0 fewifo
by. An immense crowd assembled, and it /780 tilt tls
one moment that an attack would be made iiPioed
de Ville. The people were, however, 00,1;0 fe,
release of the lady, who has appealed to the ctsila
for the restoration of her child. 11feanwiloice, co
meat has dismissed the Commissary 0'
the
001)
conduct had so nearly led to an attack by t.
Prefect's residence.

tO'
NOTICE TO ADVERTISERS' t
nprellotyliTeuirEN:NanitssimuEns:werhitche
is Noticet
the
SO' bel
PERSONS seeking Emplo naent, or 4 0050
Assistants, Clerks, AnartnientYs, or Loci,gilki;o!„ls,:lic:lo
n this district.
' The cash price for this special class° ;•
8 reduced to TIIREE I'ENCE fur TWENTYI"39
e of
most the
efficient eudfs'l,ol,4,'

toot. yehrl,
At LEWIS & COMPANY'S, Ranelegh',lo/41
BOYS are CLOTHED from the Ages 0 Six 0

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of the Engll4
1000 s
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KIN'S -HEY -- S.::,

LONDON STOUT &c.

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OV
-a:4ON BARRELLED NATIVE OYSTERS

SHAW'S
31,---BASNETT-STREET-31,

Receive a SUPPLY of the
ITSTABLE ORDAILY LONDON NATIVEbest
OYSTERS.

16„
`wer Parties and Luncheons supplied. with Oysters, and a
,competent person sent to open them.
Orders supplied at any distance.

- COGNAC, ALLSOPP'S PALE ALES, IMPERIAL

SHAW'S,
I,BASNETT-SVBEET, AND 8, HACKIN'S-HEY.

,R
NOTICE TO ADVERTISERS.
41SONS seeking Employment, or Servants,
ithsiistants, Clerks, Apartments, or Lodgings, can best
ro: wants under the Notice of the Public, by Advert'sing in
141511,5aNT Thus, whi h is the most efficimt medium of publicity
Ilitel`rict The cash price for this special class of advertisements
to T
HREEPENCE for TWENTY WORDS.

ESTABLISHED 1800. 4.
tILDERS', CABINETMAKERS', AND
kithmterFs UwirtuNfinldSlianlellGtenslivßeoaNssoMrtinOiNenGt Eat
1-tYhelorest

remunerating prices.
JOHN P. BATEMAN,
18, BYROM-STREET,
imrrH, BELL-HANGER, TINMAN, Ece.
BICKERSHAW COALS.
CtERS, WHITLEY, & CO., Proprietors of
etthe Bickershaw Collieries, beg to give notice that
§,,,,,iebrated COALS can now bs o3tained in any quantity
tZin River or Dock , on the shortest notice.
11‘,.. copies of analysis, and full information may be had by apply. "404 representative,
Ned J. C. REEVES. 34, James-street, Liverpool.
espt.-is 7 the City of Dublin Company, May 2. 1850—Clinker 0.3 f
)!IZ by the City of Dublin Company, May 2, 1857—Clinker 0.88