Northern Times.
Liverpool, Merseyside, England, 1857-08-18 00:00:00

GRAND TRUNK RAILWAY OF CANADA.

For the informa•ion of our readers, we believe the
following wit be found t, be a correct analysis of the
present position of the C)mpany : —The Aid Act of 1856
enthorised the Cimpany to raise two millions sterling,
by preferential ben i,, appimpriatiug 800,0001 specifieall
to the Victoria Bridge, and the remainder to other portions
of the line no- co,np!etel, arid which are postponed to 1831.
The Act of 1857 gives upwards of three millions sterling
without charge or lien until the shareholders receive six
per cent. divichal ; it will therhfore be seen that the two
millions of prefereece bonds can cnly be applied to the
several works as they proceed, therefore, only £BOO,OOO
can be used ; hence, to provide for li dolities incurred—
£3Bl,6os, and for extra rolling stock and station accom-
modation, £303,621—a creatioe of dehentures for short
periods is recommended to be created. The result will be
as follows :

Present expenditure, on which Interest is
payable by the Report of the 14 h nit ..£5,141,990
Victoria Bridge, to be finished in 1860.... 800,000
Liabilities,
Estimate for extra Scock & Stations 503,621

Interest on Capital payable in 1860
To this muss be added the St. Miry's and
London extensEni 22 miles

£7,306,216
The line will then in complete in 1830, and Interest on
capital will cease, and become chargeaWe to, and pAyable
out of, revenue, I.lhieli would not revive £23 par mile
per week, to pay six per cant. on hmds and shares, and
the S% liiwreneo and Atlantic Lea-ie—Vie line would titen
be 900 m lea long, including the bridge, which is the key
to the tivough traffic to the west and to the Seaboard.

ACCUMULATION OF PRIVATE PROPERTY IN
THE ILIND3 OF THE CROWN.

T 3 THE EDITOR CF THE NORTHERN TIMES.
Sir,—The immense mass of wealth which has
passed to the Crown within the last century, from
the want of being claimed, is much greater than
the public have any conception of. The Jennings
property alone is now suipposed to amount to
upwards of sixteen millions ; and there are,' no
doubt, others of equal magnitude which have not
yet been brought to light ; but the grand total con-
sists of smaller sums varying probably from £lOO
to .£5OO. To estimate this total of unclaimed pro-
perty at one hundred millions, would not be much
in excess of the truth, and yet we look in vain to
the balance-sheets of the Treasury for this large
item. It does not appear in any of the State
accounts, nor do the public_ know in what way the
interest accruing from it is employed. Some per-
sons suppose that the oods and Forests are the
stake holders; some think the Treasury has it
all in their keeping ; others are silly enough
to think that her Majesty is in full
enjoyment of this gorgeous spoil ; bu
this mountain of wealth, as Brother Jona -
than would say. "Is no where.'' If_ a poor
widow or a family of orphans apply to a Govern
meat office for information respecting property
which has gone to the Crown, but which ought in
law and equity to be ministering to their wants,
they are cruelly tpld, " That State offices do not
keep records of private property, and that private
inquiries must be made by private agents." This,
sir, I conceive to be a gross public grievance, and
to remedy it, I would propose, through your widely
circulating paper, that some important member or
the House of Commons should move annually for
a return of all property, sum or sums of money,
that have devolved to the Crown, from -any and
every person who have died in default of next o,
kin within those kindoms, or her Majesty's
Colonies, since the year 1780—distinguishing each
petson by christian and sirname, where, and when,
he, she, or they, died, the nature and amount of
such property, where situate, and in whose pos
session or power the same was, by name and
address, at the time of transfer to the authorities

for the Crown, and the departments now registered
in. It is quite certain that some one is enjoying
the next of kin fund of this wealth-creating
nation, and that it is time that the public should
be allowed to know who aro its lucky recioients.—
I have the honour to be, sir, your obedient servant,
August 15, 1857. 11. J.

COMMVRCW OF NEW Oni.caNs. —The growing trade of
this great depot of commerce is evidenced by the rapid
increase in its impors for the year ending Jane, 1857,
they were valued at abut 25,000.000; in 1856, at
17,000,000; and in 1855, at under 13,000,000.
THE ATLANTIC THLEGRAPIT COMPANY. EXPECTED
KNIGHTHOOD OF VIZ ENGINHICH.—It has come to our
kn4wledze that. in the event of the successful laying down
of the telegraphic cable across the Atlantic, her Majesty
intends to cooler the honour of knighthood on Charles
Elkton Bright, Esq., Engineer-in-Chief to the Atlan'ic
Telegraph Company. Toe hoaou-, in the event of a
happy issue to the m4s'ic undertaking, will be most
graciously bestowed. Mr. Bright is the consulting;
Engineer of the Magnetic Company, who were the first to
lay down a telegraphic cable between Ireland and Great
Britain. His brother is the secretary of that company,
and it is not overrating the abilities of these two geutlt-
men, when we say, that owing to their influence the
c .rupany has gaiced its presiut almost monopolising
vsition.

Tus POSTEFR tar Pots NING °ABB.—The inquest on the
holy of John Speed was resumed on Thursday, when Mr.
Fearnside, the superintendent of police, produced two
letters. The first purported to have been written by the
prisoner to Mrs. Wilkinson, Hull, to ling of her husband's
death, and conveying a message to her cousin, Ben Willis.
The second letter was from Wilks, promising to come to
Pontefract to see the prisoner. Several witnesses were
eximined, who spoke to the prisoner and deceased living
on terms of affections The coroner then summed up,
reading the whole of the evidence, and commenting upon
it at the close. The jury returned a verJiet of " Wilful
murder" against Fanny Speed. The prisoner did not
seem affected at the verdict.