The Sun.
London, England, 1855-12-24 00:00:00

salary was then to commence at 600/. a-year ; and it was
further arranged that ifhe coull‘lo,Bo7o. y
eltha-eecoamr
e phanyYti
by his management exceeding
shouldansre-
ceive 5 per cent. on the amount of that excess. When he
first became chairman he objected to the heavy percentages
Mr. Gooch presented for payment, and for several month.-
they were not paid ; ultimately the matter was referred to
l
Mr. R. Stephenson, and he recommended the payment et,
Mr. Gooch's claim. Those facts were known .to the corn
mittee, but they had entirely suppressed them. He (Mr
Waddington) had never approved that agreement; th
moment the opportunity offered (in May last) he gave ne
tice for its termination. The question for the shareholders
to decide was whether they had gained by the experiment.
The working expensee had been 46 15d. per tzain mile when
he came into office, and they had been reduced to 28.87 d.
per train mile ; the locomotive expenses were 17.84 d., and
they had been reduced to 9.66d.•' and for the last half-year
wore 11.15 d. per train mile, He had received 5 per cent. on
about 50,0001, a-year. With regard to the committee's re-
port on the stores and the frauds and losses in that depart-
ment Mr. Waddington states that they bad been found out
not by the committee, but by himself. The Committee of
Investigation made. no discovery with regard to this de-
partment. Everything to which their report reefs was in-
vestigated and discovered long before they were hppointioci.
The plunderers were detected, tried at the Old Bailey,
and transported. It appears that the Stores Committee
had relied too confidingly on Mr. Wiyllidaimsms,iswsehdo. hadurenaet-
glected his duties, and was accordingly
blame was attached to the Stores Committee for neglect of
their duties. The Oommittee of Investigation had stated
that they did not know whether the loss by those frauds
had been 10,0001. or 40,0001. The auditors' report showed
the deficiency to be 4,3381., but Mr. S. Britten, the accoun-
tant to the stores, disputes the accuracy of thati account,
and estimates the deficiency at only 1,2631. With regard to
the articles sold for of t materials it appeared long before
the committee was appointed that some horsehair worth
1301. was improperly sold for 1001., and the storekeeper was
severely reprimanded. As to the increase of capital since
the 30th of June, 1851, being 1,213,9521., the chairman
fully admits it; but states that when he became chairman
they were working 322 miles of railways ; they were now
working 548 miles, showing an increase of 226 miles.
These new lines have cost in purchase and construction
51Q,0001., and fer rolling stock taken 200,003., total
750,0001. Since he became chairman the earnings had in-
creased by 450,0001. a year, being 37A per cent. on the out-
lay of 1,214,0001. He states that when he became their
chairman they were dividing nothing ; but during the sub-
sequent four years they had divided. 662,7521. During the
three half-years before he filled the chair they divided 2s.
per share, or 34,2091. ' • but during the three half-years
afterwards they divided 15s. per share, or 218,738/. He
contended that every addition to capital had had a cones-
',lading effect upon their revenue, and that if the capital
were increased in the next five years in the same proper•
tion and with the same results the Eastern Counties would.
pay 5 per cent. Mr. Waddington disputes the whole of
the items, amounting to 36,0001., which the committee say
should be charged in reduction of the net revenue, He
explains the reason why they removed the banking account
to tho Union Bank, the nature of their advances to the
Norfolk and Eastern Union Companies and to Mr. Wythes,
the contractor; also 8,0001. to the Corporation of Harwich,
on account of a purchase. He concludes with an energetic
appeal to the shareholders, asking them whether they will
consent to hand over the management of their property to
the East Anglian interest, or any of the members of the
Committee of Investigation. In conclusion he states :
"Errors and mistakes I may have committed in direct-
ing your vast, varied, and complieated affairs ; but this I
can honestly say, that for 5 years past I have placed at your
disposal all my time, the best of my faculties, and whatever
experience of railway affairs long and intimate acquaint-
ance with them has afforded me. To entire devotion to
your interests and unremitting labour in your affairs I have
added integrity of purpose and of conduct, which I will
allow no man to impeach.
' I now leave my answer to the judgment of unprejudioed
minds. That it will satisfy rancour and malice I cannot

expect ; but that it will exonerate me where truth and

justice prevail from foul imputation and false charges I am
certain ; and in tho conviction that I have throughout
acted as an honest and an honourable man."

Naval and Military Intelligence.

The Pylades, 21, screw corvette, Capt. D'Eyncourt,
arrived at Spithead on Saturday from the Baltic. On
Saturday afternoon the Transit naval steam-transport,
Commander C. R. Johnson, embarked the 2d Light In-
fantry Regiment of the British German Legion, consisting
of two battalions of 500 each, at the dockyard, for Scutari.
These levies present the appearance of remarkably fine
men, intelligent looking, and of mature soldierly bearing.
They were supplied with every probable necessary, and the
Transit went out of harbour with them for their desti-
nation yesterday morning under very favourable aspects
of wind and moderated weather, after a most tempes-
tuous night. The steam transport Imperador went
alongside Portsmouth dockyard on Saturday to prepare
for the embarkation this day of the 3d Light Infantry
Regiment of this Legion for the same destination. By
the spring four regiments of the British German Le-
gion, 1,000 strong each, will be assembled at Scutari,
in fine rarviceable condition and efficie.noy. The steam-
sloop Polyphemus, 5, Commander Warren, left Spithead
on Saturday for foreign service, calling at Plymouth.
The screw-sloop Ariel, 9, Commander Maxse, left
Spithead on Saturday. The Vixen and Rhadatnanthus
steam-transports left Portsmouth on Saturday (after un-
loading machinery for steam-ships fitting out at that
dockyard) for Woolwich. All officers selected to corn•
nand gun-boats for the ensuing campaig❑ are to be sub-
jected to a preliminary examination and training in prac-
tical gunnery on board her Majesty's ship Excellent, at
Portsmouth, commencing on the Ist Jan. next. Vice-
Admiral Sir T. Cochrane 'a command in-chief of Ports-
mouth expires on the 27th inst. ; he will be succeeded
on the 31st by Vice-Admiral Sir G. Seymour, K.C.8.,
who has selected for his staff, Captain (flag) A. S. Ha-
mm! ; Flag-Lieutenant, M. R. Pechell ; and Secretary,
Nir. J. W. M. Ashby (Paymaster R.N., 1852). Captain
Gordon, of the Victory, will remain flag captain for a
few weeks longer until relieved by Capt. Hammond.
The steam-transports Sir J. Easthope, No. 152, and
Northumberland, No. 51, arrived at Spithead yesterday
from the East, to be paid out of the transport service.
Her Msjesty's ship Albion, 90, Captain Drummond,
hasarrived at Plymouth.

The King of Sardinia has sent, through the Marquis
d'Azeg:io, the Sardinian Minister, the following presents
to officers of the Ito_} al navy at l'ortsmouth, in coin-
meamratiou of his visit to that port:—To Cept. the Hon.
J. Denman, commanding her Majesty's yachts, a gold
watch uf novel manufacture ; to Lieut. Newcomen, first
lieutenant of her Majesty's ship Victory, who bad charge
of the Royal yacht Osborne, fitted out for the accommo-
d ,tion of the King, a set of diamond shirt studs ; and to
Mr. Paul, commanding the steam-tender Fire Queen,
one of the squadron of honour to the King, aset of gold
vest buttons and sleevelinge.
The following appuintinents were made on Saturday at
the Admiralty : —Commander APLeod B. Cockraft to the
Agamemnon ; Lieutenant 11. D. Grant to the Pearl •
Lieut. E. F. %Veld to the Seahorse; Lieut. R Reid
to the Brunswick ; Lieut. A. Hamilton to the Con nay;
Lieut. S. E. Lomax to the Devastation ; Lieut. C. Fail -
holme to the Pearl ; Lieut. R. M. Gillson to the Vul-
ture ; Lieut. T.l3.llohinworth to the Brunswick ; Lieut.
J. P. Clieyne to the Seahorse; Lord Moetgornorie, naval
cadet, to the Conqueror ; H. R. Gander, master, to the
Devastation ; W. J. o:ive, master, to the Brunswick ;
J. W. H. Howey, master, to the Seahorse ; Duncan J.
Louttid, mater, to the Pearl ; C. W. Eeles, paymaster,
to the Brunswick ; J. C. Payne, paymaster, to the Arro-
gant ; J. Singleton, master, to the Royal William ; A.
A. Speed, paymaster to the Pearl ; C. W. Sairgess, pay-
master, to the Devastation ; J. R. G. Browne, payma,
ter, to the Seahorse ; J. Hid, paymaster, to the Forth
W. S. Crealoch, paymaster, to the Fisgard ; G. Shield,
assistant-clerk, to the Brunswick ; Owen Joynson, tem-
porary clerk, to the Brunswick.
The paddle-wheel steamer Dee, Master-Commander
Pullen, sailed on Saturday morning from Woolwich, with
machinery and boilers for Portsmouth. Her Majesty's
eteans-sloop Inflexible, Master-ComnianderW. R.Dladge,
left Woolwich at the same time with a similar cargo,
fur Devonport. The surveying-Aip Merlin, Captain Sul-
livan, was on Saturday morning admitted from the outer
to the inner basin, to undergo some further repairs
which ate considered necessary in her hull.
The experiments which have been carried on for some
weeks pa,t in the Arsenal marshes
V wereesmat\oolw speciallyiehtermi-
nated on Saturday. These rape
ulistytr?nfilas ofco man
interesting and novel nature
tual eisxi
tgunreedosfvii
metalsviewf
e
iwthingzoawciaths t.
go.f.tt epsuruteirnpwgo:trelesi
!nit
airear
iboi
front these mixed proportions of materials,w
•
out exception, stood the repeated test well. However, at
the conclusion of the experiments three 24-pounders of
the same species of mixed metal, 9i feet in length, were
fired with the ordinary proof charge, when each burst in
succession at the first round.
The remnant of the 21st company of Royal Sappers
and Miners from Bermuda, by the brig James, having
been wind-bound for some days at Portsmouth, arrived
on Saturday morning at Woolwich, and, having been
medically inspected, were admitted into head-quarters.
Tile 21st embarked from Spithead on the 11th of Novem-
ber, 1851, and arrived on the 17th of the following
month, a full company, composed of 3 officers and 10u
non-commissioned °Ulcers and privates. During the
period of their station there 25 men died from yellow
fever, so that the company has been reduced by that and
other casualties to half its allotted strength. Col, phill.
potts and Lieut. Greatorex fell victims to the disease
shortly after the company's arrival at Woolwich, and
within the same week. The entire strength of the com-
pany now arrived in England is 2 officers and 61 men.
The whole of the Royal Sappers and Miners, from
Woolwich, are to occupy the huts at Chatham by the
Ist of January, when Captain Fitzroy Somerset, it is
reported, will be the Major of Brigade, Adjutant Geo.
Lempriere, from Woolwich, continuing the same duty
at Brompton.

The Queen has forwarded to Private Thos. Walker,
95th Regiment, a present of 101. On her Majesty's last
visit to Fort Pitt she was struck with a carpet brough
to her notice as the work of Walker, and desired that i
might be forwarded to her Majesty, which has recently
been done through Colonel C. 13. Phipps.
At a board of examination at Chatham, Surgeon Ro.
bert Battersby president, assisted by Captain Bunbury
and Mr. George Pratt, 73 young men of the Medical
Staff Corps were passed as proficient in their duty as
hospital orderlies.

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T
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fie
srsoouri
Holloway. Dear
pdatedear
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g
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