The Sun.
London, England, 1852-08-13 00:00:00

7 : ,
so Tr :7;ji:74 WI
LONDON FRIDAY Etta r:TL-tA ,41 . Ems
418
AUGUST 13, 1852.

LIFE ASSITRA.NCE.
LAW PROPER FY ASSURANCE and TRUST
soerKTY.
30, Essex-street, Strand, London: and 19, Princess-street,
Manchester.
Subscribcl Capital, 250,000/., in 5,000 Shares of 501. each.
LONDON BOARD.
DIRECTORS.

Ralph T. Brockman, Esq.
Benj. C 111: tiler, jun.. Esq,
Edward W. Cox, Eiq.

Ja nes Macaulay, Esq.
ll,nry Paull, Esq.
Robert Young, E
AUDITORS.
E. E. P. liels-y, E- q , Salisbury.
James Hutton, Esq., Mo.-mate-street.
BANKERS.
London and Count. ll.tiik, 21, Lombard-street.
STANDING COUNSEL.
Henry Stevens, sq., 7. New square, Lincoln's Inn.
CONSULTING ACTUARY.
Francis G. P. N.nsou, Esq., 25, Pall-mall.
MEDICAL 07FICEii..
Dr. M`Cann, Pail:aim:at-street.
SOLICITOR.
William Polley, iG, B.:cklersbuiy.
PROCTOR.
H. Pitcher, Esq., Doctors'-commons.
ACTUARY AND SECRETARY.
Willi:Ml Nei-on, Esq., I.S.S.

AIANCTIEST:
DU'EC

'E It BOARD.
CTORS.
Thomas Taylor, Esq., Norfolk-
street.
G. B. Withtigton, Esq.
Thomas IVhitbw, Esq.

Nicholas Earle, Esq.
Isaac Hall, Esq.
W. 11. I'artington, Esq.
James Street, Esq.

BANKERS.
Sir Benjamin Heywood, Bart, and Co.

COUNSEL.
J. P. Lake, Esq., 4, To woh til•baildings, Cross-street.

SECURITY TO EMPLOYERS.
TO SECRETARIES OF PUBLIC INSTITUTIONS,
CLERKS, STATION-MASrERs, R IILWAY OFFICIALS,
BANKERS' CLERKS, TRAVELLERS, AND OTHERS.
TIMES LIFE ASSURANCEand
GUARANTEE COMPANY.
32, Ludgate-hill, London.
GUARANTEE FOR FIDELITY OF TRUST.
PROFITS DIVIDED.
RATES—From 7s. 6d. per cent. upwards. NO charge for Stamps
An allowance made in the Guarantee Prerniuna where a Life As-
surance and Guarantee are combined.
LIFE ASSURANCE.
Policies Indisputable save in cases of Fraud.
Arrangements can be made with this Office to prevent the loss of a
Policy where the Assured is unable, from temporary embarrassment,
to keep up the payments

STIERIDAN.
TIMES FIRE AND PROPERTY ASSURANCE COM PANY.
Every descriptium of Fire Assurance. Profits Divided.
Agents Wanted.

IL B. SHERIDAN.

LONDON LIFE ASSOCIATION,
Instituted 1806.
Office, 81, KING NVILLIAM•STREET.
PRESIDENT—CHARLES FRANKS, Esq.
VICE-PRESIDENT—JOHN BENJAMIN HEATH, Esq.
This Society is essentially one of Mutual Assurance, in which
the Premiums of its Members are reduced after seven years.
The rate of reduction of the Premiums for the present year was
70 per sent., leaving less than one-third of the original Premium to
be paid.
The Society also undertakes other descriptions of Assurance, in
which the Assured do not become 'Members, and having ceased to
allow any commission to Agents, the Society has been enabled to
reduce the Premiums for this class of Assurances to the following
very low rates :
Annual Premiums for the Assurance of £lOO.

Age £s.d. II Age X s. d. Age £ s. d.
20 1 13 7 35 2 7 6 50 4 1 2
25 1 17 0 40 2 15 5 55 5 1 0
30 2 1 5 45 3 6 0 60 6 5 10

The Court of Directors are authorised by the Deed of Settlement
lo advance money on the security of Policies in this Association.
EDWARD DOCKER, Secretary.

NATIONAL ASSURANCE AND
INVESTMENT ASSOCIATION.

7 Trafalgar-square. London.
Theinvestment
-.,
money
ye wits this Association, which was
established in May, 1844, on a plan peculiar to itself, secures equal
St.
l arotifocs .-
P
advantages to the surplus capital of the affluent, and the provident
savings of the industrial classes of the community, and affords an
opportunity for realising the highest rate of interest yielded by first-
class securities, in which alone the money is employed.
'moneys deposited with the Association, for Investment, are
exempt from liabilities on account of life conting,encies, as well as
the expenses of management, which are borne by the Lite Depart-
ment, in consideration of the business brought to it by investment
transactions ; therefore, Depositors enjoy the entire profits yielded
by their capital free from deduction of any kind —an advantage
which no other Institution, either public or private, holds forth, or
can afford, to its members.

Interest or Dividend, is payable half-yearly, in January and July.
Capital Stock, £lOO,OOO.
The Capital Stock is altogether distinct and separa•e from the
Depositors' Stock in the Investment Department. It constitutes,
with the Premium Fund, a goarautee for the engagements of the
Association, and has been provided in order to render the security of
the Assured complete.

LIFE DEPARTMENT.
This Department embraces a comprehensive and well-regulated
system of Life Assurance, with many valuable and important im-
provements.

Full information and prospectuses may be obtained, on application
at the Head Office of the Association, or to the respective &gents,
throughout the United Kingdom.
PETER MORRIS'ON, Managing Director.
N.B. Applications for Agencies may be made to the Managing
Director.

;E‘ ETTS'S PATENT BRANDY.
The highest medical authority recommend Brandy and
Water as the best customary beverage, and particularly as an
efficient preventitive of Diarrhmatic Complaints at this season.
They cilia slly concur in preferring BETTS'S PATENT BRANDY
ac the purest and most wholesome. It is unequalled for prLserving
Fruits, home-made Wines, &e.
Vold throughout the Kiug-dom, by respectable dealers, in glass
Wiles, protected by th,, Patent Metallic Capsules, and at the
ILLERY, 7, S ELD-BA ICS, in dozetp, bottles and
cases included, at Its. per gaol ; or in stone jars of two gallons
and upwards, at Its per gallon, pale or coloured.

"Divlde about the br,ade br'de cake,
Round about the bride s stake."—Ben Jonson.

•
lITEDDING BREAKFAST • pr. vi leir entire,
v in Town or Couutry, by Messrs. PCIRSAELL, Cornhil!. near
the Exchange, includ,ns, Wines of the rarest vintages, and the hire
of plate, china, servant:, and carriages.
Bil!s of Fare, with Terms, sent per post, for any number required.
A magnificent display of sirrcie Cakes for selection. Ball Sun Hers
furni,hed complete, including Lights and Music. Experienced Cooks
and Table Decorators sent to any part of the country for the ma-
14ement of Entertainments. Soups, Made Dishes, Ices, &c., care-
fully Packed for country orders .

M,ssrs CORNIIILL.

APPETITE AN)) DIGESTION IMPROVED.
I 2A and PERAINS" WORCESTERSHIRE
SAUCE imparts the most exquisite relish to Steaks, Chops
and all Roast Meat Gravies, Fish, Game, Soup, Curries, and Salad,
and byits tonic and invigorating properties enables the stomach to
p rfectly digest the food.
The daily use of this aromatic and 1 clone Sauce is the best safe-
-3 ,ard to health.
Sold by the proprietors, Lea and Perrins, 19, Fenchureh-
street, London, and 68, Broad-street, Worcester; also by Messrs.
Barclay and Sons, Messrs. Crosse and Blackwell, and other Oilmen
and !vlerchants, London; and enerally by the principal dealers in
sauce.
N.B. To guard against imitations, see that the names of " LEA
and PERRLNS" are upon tho label and patent cap of the bottle.

THE LETTERS OF A VAGABOND
will be commenced in
TIIE " LEADER" NEWSPAPER
of SATURDAY next, An cusx Itth, and continued weekly.
Price Sixpence.
Ollce, No. 7, Wellington street, Strand.

DEAFNESS.--A CPUTAIN AND SPEEDY CURE. IN THE
MOST INVETERATE CASES. •
11/IR. BENN ETT. of 65, Uoper Stamford-street,
_n_ London, begs to remind all suffering from that distressing
complaint that his Remedy stands unrivalled, and is daily effecting
Miracu out Cures. In many instances hearing is restored by the
first 'application, although of 40 years' standing. One trial will
verify the f id. It also exempts sufferers from pain, surgical opera-
tions, or abstinence from business, and may be applied to the ears of
an Lif nt or aged sufferer with perfect safety.
To be had only as above, at Gs., an sent free to all parts, with
full directions for use, on receipt of as. ad. In postage stamps.
Attendance to the poor as usual, Monday, Wednesday, and Friday
Evenings, from 6 till 8.

ON THE PHILOSOPHY OF MARRIAGE, AND THE SECRET
INFIRNIIrrEs OF YOUTH AND MATURITY.
WITH FIFTY COLOURED ENGRAVINGS ON STEEL.

-
In French, English, German, Dutch, Spanisa, and Ragan, in a
Sealed Envelope, 2s. fid., or post-free, fir Forty-two Stamps,

SELF.PRESERVATION; en
Analytical Investigation of the Physiology and Functions of
Marriage, in all the bearings in which that important subject affects
the health and happine• s of Man, with its Disqualifications and Impe-
diments, tracing their origin to the effects of juvenile solitary habits,
S'ou:htul excess, tropical c'imates, or close study ; followed by prac-
tical remarks, founded on twenty years' experi•nce in the treatment
of ItriplAssance, Nervous Debility, Local Weakness, l.,permatorrhcea,
Syphilis, and all diseases of the Urinary and Generative System. Il-
lustrated by i 0 coloured Engravings, on the Anatomy of the Repro-
ductive Organs and their relative conditions in Health and Disease.
By SAMUEL LA'MERT. M.D.,
E 7, BEDFORD-SQUARE, LONDON,
- _ -

- - -
D •ctor of Medicine, Matriculated Member of the University of Edin-
burgh, Honorary Member of the London Hospital Medical Society,
Licentiate of Apothecaries' Hall, London, &c., &c.

The essential object of this treatise is to point out the fearful
co,sequences resulting from irregularities and excesses, which
have produced more misery in Youth, degradation In Man-
hood, and premature decay at al, stages of life, than, perhaos, any
other class of disoase known to modern pathologists The treatment
adopted is founded on experience gained in the most Celebrated
schools of medicine both in this country and in continental Europe.
The resit* ts ~f the knowledge thus acquired are here condensed under
the personal supervision Dr. La'Mert, himself one of the few
legally quadded physicians who have devoted their whole and ur.-
divided studies to this important branch of medical science. In short,
every peculiarity retating to the treatment of the diseases incidental
to the generative system, and the means of Immediate relief and
ultimate cure are described in detail. The professional reputation
of Dr. La'Mert, who has taken the most distinguished medical
and academic honours at home and abroad, is in itself a sufficient
guarantee that those who may place themselves under his care
will, in every instance, meet with that delicate consideration and
Inviolable secrecy which are so requisite in the treatment of these
cases.
Published by the Mithor, and may be had of J. Gilbert, 49, Pater-
'foster-row ; Hannay, C 3, Oxford-street Starie, Titchborne-street,,
9avrcarket ; Mann, 23, Cornhill ; or free by post for forty-two
stamps, from the author, who 've tie consolted peraonall:T, or by
lette-. daily, from Ten till Two. and from Six till Eight.

irtft. CULVERWELL'S NEW WORKS.
ALA' To be had of Sherwood, 23, Paternoster-row; Carvalho,
47, Fleet-street; Mann, 39, C.rnhill ; or direct from the author ;
'rico One Shilling each ; by post, Is. 6d

ENJOYMENT OF LIFE.
" Health, F.ecreation, and national Use of Time."
Co TEN rs:—Early Rising—Spring and Summer Niornings Ex-
inions about the Environs of London—The Parks, Lanes, Hills,
,rests, Fields, lligh-roans, and other pleasant places—Country
trips and Rambles—The Sea—London at Night—Evenings at Home
—Music—The Draala—On Eatlng, Drinking, Sleeping, Bathing,
Rest, Ease, Occupation, &c.,
CRAG:dr:NTS FROM THE tIOUNTAINS Two Vols.
Vol. I.

A fISIT TO THE LAKES ;SKETCH OF EDINBURGH, &c,

Vol. 11.
TIIE LAMES OF &ILL %.RNEY ; REMINISCENCES OF
DUBLIN, &c.
111.
WHAT TO EAT, DRINK, AND AVOID,
"That three score years and te❑ our course may run."
s. popular review of almost every form (cause arid cure) of tier_
.7orzsly-debiiitated health and enfeebled constitution, that harasses
he wo"Uii, besets the man of pleasure, business, or study, and em-
,iti,r, old age ; with tables and rules for the diet and physical regu-
attonof everyday life.
PT.
THE PASSIONS.
'What passions hurt the body—what improve,
Truths as refined as Athens ever heard."

3nstzeT :—Life's pilgrimage, from infancy to old ago, Tbe ad
:cut of the passions. Chastity and its infringements. The casual-
es and di4sipation, with illustrations graphic, nar.
dive, and rcmediative. Advocacy of early marriages.
V.

THE MARRIAGE STATE.
To be or not to be, that is the question."

raoalsatma:—Laws and obligations of nature, society, and reit-
,ftii°onicree,gaorn bdinogth marriage, to be observed by either sex. Time and
sides, as to age, temperament, complexion, and
dgure, to secure healthy offspring, with the art of rearing them.
Pnysical defectiveness and its removal. Sterility and its conversion.
iiafes,&.c. •
By R. J. CULVERWELL, M.D. (1841), M.R.C.S. (1827), L.S.A.
1824). Twenty-flue years Medical and Forensic Referee in these
s..,.)t,,,.;.t.ers.lo.llAvcr,:eviani_onniach. e,ooirt4deanitt..y till Five.,.,;; Fiveuings, Seven till
a•
trio,

--- - - - --- ----
0 .11NIB US ACCIDENT NE An ILKL 6Y.
Oa Sunday, the 1,,t instant, a frightful coech ac-
cident occurred at a short distance from the village of
Ilklev, Yorkshire. Two of the omnibuses of the
Leeds Northern Railway, which ply between Ar-
tbin:t twice
too stationthe number ofleYp' passengers they were con-
and r
s!-ruoted to carry. Ile driver of one of the vehicles
(Morrell) endeavoured to pass his competitor, 4 man
named Walker, but as be was in the very act of doing.
kwere each loaded with
about
o, the near hind wheel of his own vehicle came ~fl,
the omnibus was overturned, and the whole of the
passengers, forty-seven in number, were precipitated
with great violence am mg the horses of Walker's
omnibus. Some of the unfortunate passengers were
,;rushed beneath the fallen vehicle, others were
trampled upon by the horses. Seven of the number
sustained serious fractures or dislocations, while many
other* were injured le,s seriou4y. One of the Da,.
gengers, Mrs. Sarah Firth, the wire of Mr. W. Firth,
butcher of Brumley, died on Tuesday last. Her
right thigh and her left arm had been fractured, and
her chest shockingly crushed, the wheels of Walker's
omnibus having run over her. From the time of the
accident she had received every attention from her
medical attendants, and it was at one time hoped that
her life might have been saved ; but the terrible pros-
tration, through the loss of blood and fever, was more
than human nature could bear, and she sank
from
exhaustion on Tuesday, just ten days after the
accident.

An inquest was held on Wednesday, before M
Thomas Brown, the coroner of the district, and
respectable jury, and after the examination of several
witnesses, who spoke to the overloading of the om.
nibuses, and the racing between the drivers, the fol-
lowing verdict was returned:—
" The jury find the deceased, Sarah Firth, Came to
her death in consequence of injuries received from the
overturning of an omnibus belongi▪
ng to the Leeds
Northern Railway Company, owing. to one of the
hind wheels coming off; that the said omnibus Was
very much overloaded and driven at a dangerous
speed by Samuel Morrell, who was well aware of the
wheel being in a defective conditi▪
on ; and the jury
bring in a verdict of manslaughter against the said
Samuel Morrell. And further, the jury wish to re-
cord their strong opinion of the culpability of the
railway officials in the management o f the omnibuses,
for the reckless and dangerous way in which °mai.:
buses have been allowed to load, especially on a Sun-
day, and hope the practice will be discontinued."
Merrell was then, on the coroner's warrant, ham.
witted to York Cistle, to take his trial on this charge.

—J"'l
oat
val[uAabDieV, EitnTewlSlyE-MinEvNenTt.efd—TilE IIY
,
pocket glass, the size of a walnut, by which a person can be
very small powerful
seen and known li miles distant ; they answer every purpose
on the Race-course, at the Opera-houses ; country scenery
and ships are clearly seen at 12 to 14 miles; they are invaluable
for shooting, deer stalking, yachting, to Sportsmen, Gentle-
men,Gamekeepers, and Tourists.—To be had at Messrs. S. and
B. Solomons, Opticians, 39, Albemarle-street, Piccadilly, ob-
serve opposite the York-hotel. Telescopes--A new and most
important invention in Telescopes,
posessing suth extra-
ordinary
powers, that some, 3 inches,
will show distinctly, Jupiter's Moons. with an extra eyepiece,
ounces, miles distant,
Double Stars. With the same Telescope,
Saturn's Ring.' and the
weighing only three
eau be seen a person's countenance
and an object from 16 to 20 miles. They supersede every
other kind for the waistcoat pocket, and are of larger and all
sizes, with increasing powers accordingly. Opera and Race-
course glasses, with wendertul powers ; an object eau be
clearly seen from 14 to 16 miles distant. Messrs. S. and B.
Solomons, Opticians, have invented invaluable preserving
Spectacle Lenses, immediately they are placed before imper-
fect vision, 'every object appears clear and distinct, the most
aged defectie si h
" beco noes
briht and bllian, broug ht to
its youthful,v natgral,. and ~;
°..ginagl state.ri The Invisible Or-
ganic Vibrator, and all kinds of Acoustic instruments for relief
of extreme deafness.-39, Alberraarle-street, Picoadigy, ob-
. nerve apposite the York kleteL.

RAILWAY
i''...."...-.......--.............,
GRE A.T WEESTLELRING.
The thirty-fourth helfliarie meeting of the pro-
prietors of the Great Wet:nein Railway wes held yester;
day (Thursday), at the Bristol terminus, in Templemea c iss
Bristol. The attendance of ;shareholders, though much
smaller than at the Paddington meet'ngt, was
5s
numerous es usuel -notwithstandires the distance of the
place of meetine from thismetrooolia, and the un-
At one o'clock,
favourable sotto r.f the weather. EN CE,
M M. o• Ra.sstl, the chairman of the
board of directors, to, k the chair, and the preliminar
disposed of, proceeded to address the proprietors as fol-
lows: The accounts which have been. in :emir hands h 1
come data exhibit, I. hope, a' satisfactory viovv of our
fluanciel piniiion and prospects. You will observe that
,
.our trefill continues ,wtaclily to increase. Although to
the last year the Exhibition; iyas open during the months
of May and Juno, oar receipts for the first half of the
''
present year r (lull. indeed they rather e;;ceed, those
been very satisfactory. It is not to be expected that our
receipts shouli this year be as large as they were at this
time last year, when the Exhibition „,q,4 at its greatest
height, and receiving the largest number of vtei°ors.
But, on comparing our present receipts eith those of the
!int) zthh eter,jsat June also, ialosfot,ll "a lasttrin during
ettiee
present Our receipts
ha lfy
ear,
the
preceding year, we ficd that the first six weeks that have
now paosed exceed the corresponding six weeks of 1850
by upwards of 1,400/., which gives to us an average
weekly increase between thoie two periods of 2,400/. a
week. The increase of the last week alone,
as compared
with the corresponding week f 1850, no leas than 3,800/,
—(Hear, hear.) In our :gpenditure there las,been.
Stomedeeeeeeeesstiantichterylisatters of repaiis of en-
gines and carriages, and in maintenance of ,way, occa-
sioned, as may have been expected, by the unusual strain
which was thrown last year upon them. The dividend
-wbieh we recommend to you on the present occasion is
at the rate of 4 per cent. We think this is as large a
dividend as we should be justified in recommending to
fromate hands.r
beingt
ea and
you on the present occasion. You will remember, I am
sure, that at our last three or four meetings we have
always impressed Ellen you the necessity of a reserve
to meet the dereands of 1852 and 1853, when
your new lines to the north would for the first be
opened, but scarcely yet brought into full action, and
that those years, there.ore, would he years of trial and
of pressure. It is very true that we have not yet opened
those lines; but you will observe that we have charged
the whole of the interest upon the Four-and-a-Half per
Cent. Stock, which either has been applied or is appli-
cable to those lines, to our revenue account, and the
amount of that charge being about 32 5001, it very
nearly balances the draft which we have been obliged
to make on our reserve fund. Now, considering that
large sums have thus been applied to lines from which
we have not yet derived the advantages which may be
anticipated, I think that I am juttifted in stating that
our accounts for the present half year afford grounds to
represent our prospects to be far from unsatisfactory.—
(Hear, hear.) Gentlemen, I do not think that it will be
necessary for me to trouble you further upon any mat-
ters of detail connected with the accOunts.• They are
noticed at some length in the report, and I shall be.ex-
tremely happy to afford any proprietor any further
explanation which he may wish to have given. I trust,
too, that I shall not be obliged to detain you long on the
subject of our relations with other companies, though
some of them are so important that it will be impossible
that I should pass over them altogether in silence.—
(Rear.) I will first direct your attention to our western
districts, iu which the Bristol proprietors have naturally a
ail these
peculiar interest. In our report of the month of Fe-
bra ,ry we stated to you that we had made an arrange-
ment with some gentlemen at Weymouth and in the
neighbouring districts for the completion of your line
from Frame to Weymouth. Those gentlemen formed
themselves into a company, and have, during the last
session of Parliament, obtained an act of incorporation.
Lately, however, it appears that there is some doubt
whether they will he able to raise as much capital as
they require for this purpose. There can be no doubt,
h ,wever, that that line ought sod must be ficished.
You have already expended a considerable sum of money
upon it. The amount which remtins to be expended is
proportionately small, and that line will, we are satis-
fied, be most important to you, both for the sake of secu-
rity and profit. Your directors have had this subject
under their serious consideration, and they have been in
communication also with the directors of the Bristol and
Exeter Company with respect to a line extending
from your own line near Dorchester to the line of the
Bristol and Exeter Company, near Exeter. We always
toresaw that such a line would be necessary to the in-
terests of both companies, and with us it has been merely
a question of time when that life should be made. On
tin, one hand we have been extremely desirous to avoid
all expenditure upon new works which could possibly be
cauvtuoii3dcisndites,bruetn, e
wolet
dt late,
the; othera rhearnhdis,
ytheaer,parsojwsectsset
eoh fibsyr
al!
the rival
r.-port of the Sue4h-Wes.,ern. Compatly only
published; the Bills which were brought into Poe ihs-
meet last year, and failed through form; the dennaiolds,
districts;
;ticrhceennumviinelioantioonf
mthdriotutrlomuctntboef
twtheelteigo.hierisTau-
thority in the country that such a lice must be made fur of
the purpose of national defence, and that the weight ,
Governont will be cast into the scale of that comprt?,
ewuhoel °,llt awill
ail resttabr en
Purs'Ptaor ehie too n theins. kael alert, and we truse
therefore, that yen will give to us potters to s'h'erees
with tits Bristol end Exeter Company sti,ebA;se;,,na to
as we may think most expedient and most judicious
line,w
protect our own traffic, and to prevent that Ml—
has hitherto passed over the Bristol and
cud through this town of Bristol to our line,
With respect to our Shrewsbury alliance,
diverted to other quarters and falling into other
._...0
degree disheartened by the events of the last sessailo
that s'
we have not obtained all that we expected, anditsi
have
we had a right to expect, some important results
been accomplished, and some very valuable principles Oxford
have been established. In the entire line
fromrequired to be
r filledr jea t nfipe —id o n
ande, a n intervalw o ivot
ho fa,
mapbtoount.
to the North there were two gaps which .e.
between
be other
a short interval between WolverbainP
d . the
the Shrewsbury and Birmingham line—and
means which were adopted by the
most hewn
opbienimenadtheatutnbbisrockheanil° °l,,nne. that i t
eteosmtiaibluenpi
cr
ao
toi to
no f theirm tist
turn to supply these limits bear the f sailweY
most be completed at the earliest practicable it to give
Bills brought in by tho respective companies cad
to sanction to your traffic arrangementsiho one
to your amalgamation pas,ied, I bellevea wont nos, and
dissentient Voice through the House of utgs"-sure, but
giCder under
they were not stopped by
by a failure to comply 'with the Wharncliffe
° means follows
very peculiar circumstances, but it by no ta"t
any act of the Ls '
session•
that the same result will ensue in the
fully Sine,
_p a se-
and is much bsttsr understood. The necessity of
mt.
Cod line troth Oxford to the Mersey is o°.'ffv:. standieg
mitred. Toe abuses to which the Wits
ree;land opinions
order ie liable have been clearly exposed,
two, of tee
have be eh expressed by the leading
menlevides, which
House of Lords, where our chief ditfiJilltY r ho next
ti
mu,t, I am satisfied, preduem their fraifs ie
t internal
asion. Ddl!ulties ~,,,, may encounter, bothort and in 1110
and i xiernan but dlfficalties of the Same 8 ~ We have
greater degree, we have before eucounterremo
surmount public
1 them, and we can evils Stliit us, public
Tile haw is with tn;', the Leaislature
is
with
with
Policy, public jastice, public feeling, are a
t.,,gt shadow of a
I for myself c innot entertain the rem"...,- indissolubly
doubt that those agreements which already
i honour and bind the Shrewsbury Company to us, in of all b-
lew,° will at no remote period, and in saour.—(llear,
us; and
B,tacks, receive the sanction of the Legt hich I shall
all
"ear ) Gentlemen, the last subject to t!,
the most pre-
Your attention, but the one, perhartiluio'h has been re-
f.:initial:it itoportatice is the proposal c', North• Western
eentlY made to us le the L ndoe
these two great corn-
Phnies.—(a, ar, hear.)
Company foe the amalgamation of '
that proposal, that we thought it due b" of
moment time; and
consideration without the less a a 7idwe gave to the
you will perceive that the answer whichenv is dated only the
So important did
_,,brawiteitctoonysioduerr
London anti North-Western C°l4'we have given the
day before yesterday. In thtt answer
opinions which your director? hate
Proposal, sifter the most carefu, and
Ar suggested to me,
Lion. When the subject tees ago (not directly by
now, I think, t bout four week,:
ompany,
but by an
anxious delibera-
tion,
London and North-Weier , said that our com-
formed upon the
intermediate party), I immetietely
and to give the fullest
pany would be happy to s
ei entertainch the London and North-
consideration toany propos—
p havel°s ht ttrik it right to make, with
Western Company mtg.-- te`' mot involve no infrac-
tnis one single condition, ebatite
Shrewsbury:h companies,
tion of any engagement with .he position before Parlia-
and that it must not impair our lines; and to these princi-
audtraetidoons
If
fhtichhe
meat with reference to those
have
e Into adopt the views of the
Legislature could be induce.,
any, and to think that
London and North-Western eotel) amalgamation of
it would be wise to allow the complete
for the protection
jet, aid to rely
of
heath
thht
esthoi rnpoctuuibgepi hi
ac,r)suasiiteni
itiht
wire:ithsal wholellorif::laiider:
ace
hset raynm
auspicious
change
these two great compane -. ' oful restrictions and re-
istitrathinotriU,lifcorpoDlniecy, sohfotuhido
choaubli ster as most advantageous
Ypublic —(!dear, hear.)
o and to
on which they have
at the Lettieleture will,
sum, have we for expect-
ißatigt,t tigoelnttilieemi:enti I slu whattn tsgo;n:t rd:itihey
raeiclttlsy'le's'ol in vuai;inagbelyinant,adebel' resolutely acted; and if,
Legislature, or °wine. to
"icig to the objections ot t
are about to enter,
the default of eithtr of the
this n'g°'ivion, upon which ransider well what will be
should nail, it behoves us to .
It is a very short-sighted
the *-ff,ct on our interevs•
the negotiation wish the ex-
pectatioa that it will
prudence to look only to etacsr,teies to the negotiation, e
1, and to consider ore twee
result from its sue:
c_,48., W,, muit look at t
.im
pieced by. entering on .shall ourselves be
ttos advantages which
how
tom and consider willthe other side of the guts-
the ngettation upon the basis
proposed by the London and . Jct
if,las I am afraid is the most Iu
fait, and it is to this view of tlx question that I am par-
tieularly anxious to drew thesttention of the proprie-
- Western Company in
rrbialibere
result,este ro
its should
phoauay
tors. The, London and North
their pronossl to us suggestthat the arrangements of
both companies, their own au! ours, with the Ohrevrs-

bury companies,
electioni ngt t that the
betweenthe Sit
there ar Shrewsbury
n proprietors
a p
proprietor::—and should be placed upon the same foot-
the Shrewsbury p that
hlamet iunßli edr: proposal owa kpbeoi sc Ssl theirit no
either alternative would be eecessary, should proceed
simultaneously with the Bill for the amalgenaition. New
let me ask what engegeinents have the London and
10 May,- 1851.
aallnsri:waindip,tehb:yeleorne shereholdors of
thne.
North-Western Compisey wiih. the Shrewsbury Coin-
-I,l:4:dcnirt::
paujee and under what circumstances were they formed?
rise only engagenseet which has boon made a blic '
St:4'l,:erei.t),wen 'rewabhwllarbCri aco;:illne (pwti h circa
i Company
Qtahrindye that
opr In
fa
ttti
ehb
eel a tipvirri:
tteb,ncliil
thete arrangement
1112 :vvri utterlytasv,
binconsistent
eedwa
aati
bdu
aciirrytil c oeagnsiy(i
Birmingham Company had made with us in the Jaime
tinted by the constituted authorities of the Company, brit
by a body of shareholders, who had out ted their directors
from theca functions, and taken on themselves the office
,f La- gotiatieg. It was peseed at 3 simultaneous public
m,,„aika, where the chairmen of COO company eppecred
0,114 told the proprietors under the highest legal ethic°
that the meeting was illegal, and thathe could not on that
account take the chair, end it was attested not by the
common Foal of the company, but by a seal fabzicated
and withdrawn from some pocket for the occasion. In
edlratoCienhsdeon and North-Wes-
the papers of the day before yesterday I see some share-
holdersater Company have
should be a ComParl
amalga-
mated,ter and that in the interim there should be traffic ar-
rangements, giving, a guarantee of four-and•a-half per
teat with ist. (rafger.inolisis , 1 the timea).., aud we find
Lt the secretary of the London and North-Western
proposed o f a
nt haegStihehaermte wtehnselatiurtropyr
theopn
Company informed these engagement
was North-Western.Com-
these proprietors that the
London and
re
Now, can any person for a moment contend that
chess a legal pany.engagements? Is it reasonable for the
London and North-Western Company to say to us,
" These
nients of ours are honourable engage-
ten are °geto be placed on the same footing with
engagements meats, and
which
you have mado"—arranged be-
tween the directors o f the two companies; approved,
where necessary, by the proprietors ; and, as we
believe, completedy
under all the Elections and
formalitiesof the law ? . Is it not calculated rather
to awaken .
accepted by th
suspicion that we should he asked to
acquiesce srP
liciter—simpliciter indeed!—in such a pro-
posal?—(Rear, hear.)
and that is the point of view in which I
.
goes off-- Now, suppose that this negotia-
tion
am presenting .
it to you—supposing this negotiation fails,
ed to con the areements with
and we are ohlig _
No
equity, rthWestertnt Compagny in a courtthe of
London
wouldand not the answer be, '.Why, gentlemen, the
o orsny cannot contest the validity of
these agre.emn you have admitted as the basis of
with the London and North-Western
Compaq
that they are as valid as your own?" Sup-
th
that e proprietors of the Shrewsbury
pose, again,
Incited, as they have been incited, by offers
Companies, Id
sides, should advance their terms beyond the
on both
which they are already bound; or suppose
agreement by
and North- Western Companyshould
obtain
the London
• 0 interest in the Shrewsbury companies—
notpreponderatlea
improbable events—and that under those circum-
stances
should be compelled to enforce your agree-
you f
aGnreeagoWtiaetsiotereas
equity, what would be the answer?
mere yo haveu waived that
allowedagreement—
it to be superseded by an agreement,
you have
aleeed more to your
,interest, with the
which you coasi
AT stern Company. Or suppose things
Tevyn,thyin.
gaecnottliert '3
Londe nand North- e
are, and that you have to go to Parlia-
ment as they aor sanction to your Shrewsbury alli-
ance,meat next year
ds, "that it is to
have a separate
affirm the same groan .
when you yourselves
line from Oxford to Birmingham,e
f [nation witu the London
have consented to an tuna gn
which complet ly
de-
and North-Western Company
ent? (H 6 -
whole of that argum ear.) Now,
where is your Parliamentary case? How can you
stroys the
ortaenwyhoiefhthose results, or of the Now,
gentlemen, ensue in negotiating
proposed by the London and North-
Westernupun the basis
should take place, what will be
come
of
CorePanY,
alliance, which you have accom-
plishedof your Shrewsbury
of so much pains andpersever-
ance, at the expense
expect to form any arrangement
or how can you
from the north shall be brought over
by which the traffic
your Birmingham and Wolverhampton line, which you
thousandgentiethe no,thi feronreesul
have constructed at the cost of so much money? Now,
let me be not misunderstood. Let it not for a moment
he supposed that I am repelling the overtures of the
London and North-Western Company for peace.
rbere is nothing we more earnestly desire, and we have
evinced that desire by making a counter-proposition,
which we believe is perfectly equitable, perfectly re-
ciprocal; and much more practicable than the arrange-
ment of the Loudon and North-Western Company. I
trust that in the letter which was written under the di-
rection of the board, or in any observations which I have
made to-day, that I have not uttered one word calcu-
kited to irritate or offend anybody. I have merely
stated to you the arguments and the facts as they ap-
peared to our minds. We are most sincerely desir )ns of
peaca—if poses can be accomplishei on safe, just, and
vitable terms.—(Hear, hear.) I trust that this ntgo-
ttution will proceed, I au induced to hope and believe
that it will be permitted to proceed. and I do assure you
no unreasonable requirements on our part shall obstruct
it.—(Hear, hear.) We wiq make it our ore and only
law, to do nothing, to say nothing, to ask nothing which
may have.; the eff,et of retarding or preventing an ami-
cable arrangement between the two cetapsnies, but such
as we deliberately believe is imperatively required by
the obligations into which we had,previouslyl'entered, and
which is essential to maintain the credit and protect the
interests of you, the proprietors of the Great Western
Company.—(Cheers.)
fo 1.,1,01w ihneg receipts
The SECRETARY (Mr. C. A. Saunders) then road the
report:—for revenue account during del e two
corresponding periods of 1851 and 1852 have been so
nearly the same in amount as to require very little ob-
servition from your directors. The excess of passenger
cdditiuzreeoft traffich ed ;gait-year
ea
traffic occasioned by the Exhibition of last year, during
the months of May and June, has been compensated for
threisp
by an equal excess received from the ordinary mer-
anrleronotoi. year.mQ r 0
tThehen totalin ex-
ex-
penditure 1851,
and consists of increased cost of repairs of carriages and
waggons, of maintenance of way, and locomotive expen-
diture. The first item may be justly ascribed to the or-
dinary effect* of employing a greater number of car-
riages for the traffic during the Exhibition of :1851,
which required subsequent repairs and renewal. The
maintenance of way comprises that of twenty-four
antes of the Oxford and Rugby Railway, which has
been now open for more than a year, which expense
during the former period, formed part of the contract'
for the construction of that line, but has since
Decent° a charge on the revenue. The increased expen •
diture in the locomotive department embraces heavier
repairs of engines, &ea arising from the same cause as
that which occasioned additionel carriage repairs, and is
further to be accounted for by a considerable increase in
the number of miles travelled with good; trains, . not-
withstanding that the reduced cost of. the c eke daring
the half-year has diminished the expenses andel' that
head. In the general.revenue account it will be fund
that the ' new works and additions to lines opened' have
increased to the extent of 3,5001, the rent of the
Gloucester and Dean Forest Railway has added to the
charge 5,7151, and the stun paid for interest on loans,
and fixed dividend for 4i per cent. stock, has exceeded
that of the ,corresponding period by 15,2001 These
several differences account in the aggregate for the dimi-
nution Of the outstanding balance. After paying a divi-
dend of 4 per cent. per annum on the rateable stock,
which the directors recommend, a balance ,will
remain of 72,7791. 4s. 11d. to be carried ,for-
ward to the next half-year, in comparison with
the sum of 49,940/. 9s. 3d. which was left at . the
oortesponding date in 1851. Tho company have
been subjected to considerable disadvantage ! in
the interest account from the amount of unemplelyed
capital during the hat half-year, for a portion of which
they have only been able to obtain an insignificant rate of
interest; while at the same time they have been carrying
to the credit of capital, as will be area by the accounts,
upwards of 5,7001, received for dividends upon the South
Wales and South Devon Railway Shares in reduction of.
the interest previously charged in those respective in-
vestments. Parliament has now sanctioned the purchase
'of the Kennet and Avon Canal, and the formal transfer
of it has been completed in conformity with the provi-
sions of the Act. The receipts of the canal since the Ist
of Ju1y,.1851, when it was agreed to purchase it, have
defrayed all Its expenses. besides payine the stipulated
dividend of 6s. per share for the year, and there is every
reason to hope that the arrangements for extending the
usefulness of that undertaking, when worked in unison
with the railway, will prove to all parties interested the
advantage's as well as the prudence of that arrangement.
In like manner the agreements for working the Here-
ford, Ross, and Gloucester Railway, and the Wycombe
Railway, have been also confirmed, and authority has
been given for the appointment of a joint committee
' with the Shrewsbury and Hereford Company,
for the management of through traffic passing
to and from their railway. During the last session
your directors procured' powers for extending
the time for taking lands ou the Birmingham
and Oxford, and Birmingham, Wolverhampton, and 1
Dudley, and Frome and Weymouth Railways, as well
as for makirg a short junction like beyond Wo Ive rhAraar:•
ton, to unite with the Shrewsbury and Biresiaa
company
for' The agreement with a newly-former] clEuth,
for'finishing the railway between From°. ancl:Wq trains,
and working it in connexion with the broad ciangrrod„ca
was ratified by Parliament, but a clause Wab9deriag that
into the Act, by consent of both parties, fil
capital shall
agreement void, unless the full amounta "...
a within three
have been obtained by the new 9 P.
eirmisili. In.that event
months from the Royal assent to thecompany to proceed
it will become necessary for toil in order to render
with the completion of those d 73criirto'n, and an the lands
the -large expenditure b-9Y" , available in providine a
purchased upon the whole !int:,
due.regard being had
railway through those districiish
og
Dg
i the work at a very
the present'means of aoP(ln'is 1,-; capital for it upon advan-
reduced cost, -and of ro, to mention that applicatioos
tageous terms. It is
have been made to
there°Pouffr is of law, and are still pend-
ing;,mandamus against the company,
to en-
force for writs of of
certain lines of railway sane-
, doped by Parliamenton
the completion . the years 1846 and 1847, but it

[PRICE SD.

II
iaßr
wrdi
sanieitaglah
otwouldhnet
writs,
er
ibtrsee:i
amu
Ilptdr .oawpri ei
tirb,t
baba
:ette
wpt reheees
proceedings.
uh,
r,etsoe cvwhichi
lexpressTtsh,
etshd
devoting their bestleattßenritio,teni
for the interest of the proprietors. The district of the
''',lreeystmooftitiE,,nelitliaindti,
present unprovided with railway accommodation, end the
rabeinßstreisrior, ~,ittokxeter
best mode of completing the broad gauge syetem for that
&Aden, have received the due coneideration of your di-
rectors. They ere is friendly communication with the
directors of the Bristol and Eze:er Rtilway Company cn
tors to take
the sukj..et, and it hae been proposed that the two coin-
paniee eheuld unite in encouraging the formation if a
lien Leen liaiden Newton, bstween Yeovil and Dorches-
and
be. necessery to obtain
1°1: ,e'.ti'l wi'e'iya pySa, t.st:!rae raitl\Betrtoei dra,P :PreittihnttsyouncAhxt local branches as may
samehineell"rnischemsay
he deemed requisite. A resolution will be submitted to
the ebareheielers at the meeting, •autnoristeg your dircc-
have had any,
Parliamentary powers to subscribe to that undertaking.
The bridge over the river Wye at Chspstow, with one
Inc of rails,
W
remunerative return, both '
eonetinuotie. broad gauge 'railway between the Groat
stern Rile.and ' ; South Wales. The
~ ,ay Swansea ea t
director has bean recently finished, so as to form a
8 regard this as a very important communication
conaarptricatioanres
existence over the Great Western -
opened for mineral traffic which cannot be said yet to
lines.
be,Me eannat,weilainb: taken to encourage it, and no doubt can
g. 4, The
ops
eb
Parliament
dfoirreeptoulerlsitc
abounding in
htlraavafidineg.thThtreythe districts in that principality,
non-
compliance et general meetings of to the South Wales and the
Groat Western companies,
ShieWsbury companieshave in-
vested in the undertpallies,- for the capital they
frustrated
crtawlowinmaebemo psytaffitet
toennterSahtitneffaewdsl.
the then
in the House of Lords. In referenceUrnedeeernsttlood, will be shortly opened
and Carmarthen, it is
requirettno ewnthsieohf tthheey
. to this subject, the
,Werthee alliance with the two
arncliffa standing order
com-
munication from the London anydrecNeotr.vethd-
hade given a reply, ex-
the last session to
Rail-
way Company,
pressing an earnest desire to
adjustment of all differences bet arrive at some amicable
with the concurrence of their respectiveween the two companies,
by your board that the attainment
i ernes, it is thought
of
re-
sult may be more probable if they so desirable a abstain on this occa-
sion from offerieg any detailed observations
or propositions for the future, beyondtbe declarationon the past
which they advisedly make, that nu consideration
induce your directors to swerve from or relinquish
those
l I
engeg ments which have been bond fide entered into
with other companies. As the correspondence embraces
points of considerable interest to the proprietors of all
the companies, and it is most desirable that no misap_
prehension should exist on their minds from the want of
authentic information as to the views and conduct of both
parties, the directors have deemed it advisable to pub-
lish with this report the letter received from the
chairman of the London and North-Western Railway
Company, dated the 4th instant, as well as the acknow-
ledement and reply given to it by your chairman under
date of the sth and 10th inst. The directors have to
recommend for your adoption, at the special meeting
convened this day, a resolution which shall duly autho-
rise them to reduce and vary the terms and conditions
upon which they may issue so much of the 3,500,000/.
'of the fixed 4i per cent. stock as has not yet been taken.
The board, finding in the mouth of April last that the
fixed 41 per cent. stock had been applied for and allotted
' more freely than they could employ the money for the
purposes to which it was applicable, closed the register,
and declined all applications for a further issue of it.
The sum previontly taken amounted to 1,857,6501.
Considering, however, that the payment for the Birming-
ham and Oxford, and Birmingham, Wolverhampton, and
Dudley shares will havo to be made early in next year,
the directors felt it incumbent to accept some conditional
contracts for the stock payable in January next at a re-
duced rate of interest of 4 per cent. per annum, subject
to the same conditions of right on the part of the
holders to convert it into ratable stock before the 25th
April, 1857, and on the part of the company to redeem
it at par daring the following seven years, upon giv-
ing one year's previous notice of such redemption. The
sum so agreed for is about 575,000/. As soon as the
ordinary stock of the company became saleable in the
market above par, it was the opinion of the board that
they would no longer be justified in consenting to issue
at par a preference stock bearing the same fixed divi-
dend, with any right of converting it into ratable stock
during a long period of time; and having amply pro-
vided for all present and probable financial requirements
for some mouths, the directors have discontinued, fur the
present, any issue cf preferential stock beyond the sped •
fled amounts. Under such circumstances, they think it
will be most conducive to the interests of the company
to empower the directors to reduce the interest and vary
any or all of the cunditions of the unissued stock, as
they may from time to time determine. 'Clio Birming-
ham ikad Oxford Railway will be completed in Sep-
tember, and opened for trailie with the least po.sible
delay, after intpeetim by the Government officer em-
powered to report upon the safety of the lice for public
traffic. The Hereford, Ross, and Gloucester Railway
Company are proceeding ratddlY with the cons ruction
of their works, and every effort is makieg by the Bir-
mingham, Wolverhampton, and Dudley Railway Com-
pany to complete their undertaking in the course of
'text summer, The accounts of capital and revenue,
which have been duly audited cud circulated among the
proprietors, will be appended to this report. It will be
necessary to provide for the audit of the South Wales
traffic accounts, by the epecial appointment of ono
your auditors an,h rid to audit them conjointly with
, o -se ,
one of the South Wales auditors.
The CHAIRMAN then rao
ved that the report be re-
ceived and adopted, and circulated among the proprietors.,
In reply to the Rey. Mr. Neciaciasoet,
The CHAIRMAN said he bad every reason to expect line
would be opened
that the Oxford and Birnainghame,b
be would not pledge
is the month of September, thole,
er.
himself that it would be opened on
the tat ofS
e but h eptemb e
did not
The line to Radstock was in progress, .
g; and Mr.
know when it would be ready fur openin
g;
attending, he was
Brunel, the enaineer, was prevented
sorry to say, from ill health.
holder of Great Western
The Rev. Mr. NiceioasoN, as a
stock to the extent of 20,000.1 , and not having pound
a
in the North-Western, claimed the attention of the
meeting whilst be criticised at length the speech of the
chairman, characteritiog
it as a morest:`d pugnacious '
speech than he had ever before heard,threatening,
if he thought the directors iaclined to prefer their posi-
tion and patronage to the interests of the company, to
move on some future occasion that the number of shares
held, as well as the names of the directors, be printed
with the reports. The tenor of the rev. gentleman's
remarks was generally fevourable to the North-Western
Company.
Mr. BERNARD took a different view, 01,1 thought it
impessihle to treat with the North- \Venue Company
whilst they required the recognition of the second pur-
chase of property already bought by the Great Western
Company.
The CHAIRMAN said he was extremely concerned that
the reverend gentleman should have thought his speech
was cenceived in e spirit of antagonism to 100 L ,u on
and North-Viteetern Compent . He had been charged
with being pugnacious in his remarks; but, upon a
re-
trospect in his own mind of every weld he had uttered
su
he did not think those remarks were open to h ' '
terpretation.—( baud cries of " No, ni4e) T e an in-
he proprie-
tors would be pleased to remember that about three
years ago an arrangement vat proposes,
two companies, but of three cent not .of these
panics, end the Great
Western was a party to that t propositiou Upon that oc-
casion he had the honour to •
this company; and he put it t represent the interests of
llo,gentlemen who set round
him, end who were aware of a tnecircumstances, whet!rer
the Great Western had not earnestly desired that that
amalgamation should takel
ace? The South-VirenstOnrh
after wards rejected it.
Ultimate)
y the South-Westeralnut
North-Western rejected -
adhered to in Heandealt, and the Great Westerenrgt:
give proof to the u • to that circumstance reohebdtaa
proprietors of the spirit i welvt.eitor
approached the present proposition. The rev. PoPsr;ood.
should remember what were the facts as they
hnirvagorthe
An offer had been made by the Lel:lkon °a made by
Western Company. A counter offer bad evabouht aud
the Great Western, after the most anxious any subject,
consideration which could be beatowedt vP
that proposal was
and they conscientiously believed. Oran Company l'he
for the benefit of the Great Welteted the directors with
hon. and reverend proprietor faun they, held. He would
the small number of shares e
ewe htitie directors of the Great
tell him that, in dealing w7atiag with gentlemen above
Western Company, be wash:ion- which his observations
the base and sordid ioPula would tell him that if he
coneeyed.—Olea , h a propos'
r hear') lion as he had suggested,
ventured to melte ea% with that scorn and indignation-
it would be r it from any body possessing the noble
Which it would pier tatensee.—(llear, hear.) They (the
nglisb pier
spirit of E
western
to this proposition of the London
directors) Company upon two grounds; first,
and Northw-as
Noah improbable, judging from the proceedings
because 1" tit in the last two years, that the Legisla-
of Forborne
d consent to the amalgamation of these two
fora w°l4 • .
t companies, and secondly, because it would de-
gree- alliance with the Shrewsbury Compantee
stroy the , t
end the means by which they might receive as large
e ~
an ernount -of traffic as that stupendous railway, tho
London and North-Western itself. His belief being
that such an amalgamation was improbable, end that the
effect would 14e to destroy that alliance, he should have
been guilty of a violation of his duty to this company if
he had not laid-before them calmly and dispassionately
his reasons Per that opinion.—(Applause.) He did not
concur with the hignourable and reverend Proprietor in
despairing of obtaileiew Parliamentary saection to those
agreements which had been legally entered into, odd he
assured him and all the proprietors that not only him-
self, hut every gentleman at the board, teas most anxious
to carry out an arrangement which era lute
e establish
amicable arrangements with the, London and North-
Western Company, with this sole reservation, that it
should be consistent with obligations and honour and
good faith with other parties.—(Applause.)
Wow-Cot:raw suggested that the directors should con-
tinue the negotiation, and submit its further progress
to an adjourned meeting.
The CHAIRMAN said it would be much better to have
a special meeting, The correspondence had only just

commenced, and might occupy acme time; and the ad.
vantage would be, that a 1 a special meeting they might
raise InaitY questions which would be hardly regular at
an adjourned meeting. The directors would take espe-
cial care not to commit themselves to any steps involv-
ing the interests of the proprietors, without giving them
ample time to express thcir opinions.—(Bear, hear.)
Major COURT asked what would be the probable ex-
pense of the railway from Dorchester to Exeter, to
which allusion is made in the report?
The CHAIRMAN said it was not in his power to give
details, but he believed the gross expi nee would be
75,0001, part of which would be Contributed by parties
locally interested, and part by the Bristol and Exeter
Company. The proprietors might rest assured they
would not be committed to anything without consul-
tation.

Mr. GREEN, reverting to the North-Western amal-
gamation, suggested that, fivo of the largest proprietors
i❑ each company kihouid be appointed to co-operate with
the directors in conducting the negotiation.
The CHAIRMAN expressed a strong opinion upon the
utter inutility of such a course.

Mr. VoUSLEY said it was not always those that had
the most motley who had the most wisdom.
Mr. GORE said be thought the proposition of the
London and North-Western Company ought to be re-
garded with suspicion. It might be intended to create
disunioo among the shareholders of the Great Western
Company. He hoped the matter would be left in the
hands of their directors.
sir. BLRNARD, after what had passed at this meeting,
con.dderel it actvisahle to add to the resolution an ex-
mn
pression of unanimous app
w oval of their directors enter-
irg upon the negotiations with the London and North-
Wepu-rn Company.
said the strongest ex
The CHAIRMAN, however, pres-
proprietor,
lions had decidedly been on the side of the London and
North-Western Company, and he should understand,
any such addition, that it was the unanimous
wish
Mr. of
Some unimportant conversation intervened upon the
subject of the cost of coke and the loss by light gold;
after which the resolution adopting tho report was
meeting the
unanimously agreed to. ennegqounitaetisoantissiihedoul.d proceed.
BERNARD the eeti
The CHAIRMAN said the estimate for the hotel at Pad-
In reply to a
Pad-
diegton was quite sufficient, though an increase of the
vote of 129,000/. would be necessary
for the completion
of the arrival station.
A resolution, declaring a dividend upon the half-year
at the rate of four per cent, per annum, was agreed to.
Upon a vote of thanks being proposed to the auditors,
Mr. NORRIS moved, bat afterwards withdrew it, and
gave notice that at the next meeting he would move that
the salary be raised from 50/. to 1001. each, and 501.
extra, to one auditor for auditing the South Wales ac-
counts, and to have a retrospective operation.
The motion was agreed to.
Some conversation followed upon the next proposition
for giving power to the directors to take the necessary
steps for completing the works between Frome and
Weymouth, and authorising a preliminary arrangement
for prosecuting a scheme of railway communication be-
tween Dorchester and Exeter, but after it had been dis-
tinctly stated that beyond preliminaries reference must
again be made to the feelings of the proprietors, it was
agreed to.
Tte meeting having been made special, a resolution
was passed unanimously to allow the directors to reduce
the rate of
interest on the unissued portion of the alli per
cent. stock, and thanks
having
been given to the chair-
man and secretary for their exertions, the proceedings
terminated.
Th

k
porNt wpaosNtakAenziaps risr
NORTH-WESTERN
e annexed Correspondence referred to in the re-
Secretarre_effic„ Euston-statics.
London, 4-h August, 1852.
iriethUthnedeLsotnadnodninatnhd'at the
TH-WESTERN RAILWAY.
Great Western
dear S w
agree
LBOomaryd
thinking that the interests of the North-Western in
public and
bodies of shareholders, alike,rightly n
when of both
imperatively call for mutual co-operation
bceotwsidered,
the
two companies, and for a cessation of the costly and
a
harassing strite which has unhappily so long distractedn
the aeention of the two boards, and in thinking also
that these desirable results can only be attained by an
absolute amalgamation of the undertakings, I hays this
day been authorised by my board (unanimously) to pro-
pose to the Great Western such amalgamation, on the
following basis, namely-
1. The Amalgamation Bill (as settled by counsel,
mutually agreed .on) to be introduced into Parliament
next session; and in anticipation thereof, to be forth-
with submitted to meetings of the two companies, under
the Wharncliffe order of the House of Lords; and such
arrangements to be made between the two boards, with
a view to the obtaining of the Bill, and with a view to
the convenience of the public and the conduct of the
traffie in the meantime, as a joint committee, to be at
once appointed by the two boards, may think fit; any
difference of opinion in such committee (the numbers
being equal) losing settled by arbitration.
2. All the existing and preference fixed charges of the
two companies to be adopted by the amalgamated com-
pany; and their ordinary stocks to be consolidated in
such proportions, not exceeding the rates of 1001. for
London and North-Western to 801. for Great Western,
and not less than 100/. for London and North-Western
to 751. for Great Western, as may be agreed on,
,or as
may be settled by arbitration.
3. Such terms and conditions to he :unreservedly sub-
mitted to by the arnalgnmsted company, for the secu-
rity or convenience of the public, as Parliament may,
when the tatnslgamation Bill is before them, prescribe.
4. With regard to third parties, with whom either of
the two companies alone es now subsisting, but incom-
plete, legal or honourable engagements, those engage-
ment* to be adopted simplicitcr by the amalgamated com-
pany, and b 3 submitted for Parliamentary sanction si-
mult•incously with the Amalgamation Bill; and where
(as in the case of the Shrewsbury lines) both the com-
panies have each engagements, it be left to the respec-
tive third prties to choose which of the two engage-
ments (when they differ) shall be adopted by the amal-
mated company, and that alone, whien is so chosen, to
be adopted accordingly, and to he submitted to Parlia-
ment os above.
5. With the Oxford, Worcester, and Wolverhanapton
Company a satisfactory agreement to be made by the
amalgamated company for the prcper development of the
traffic of the district, in accordance with the interests of
all parties concerned.
6. The Midland Company to be invited to concur in
this arrangement generally, in manner and on terms to
be settled with them.

7. That (as in the case of the amalgamation of the
London and Birmingham and Grand Junction Com-
panies) the amalgamated undertaking be managed for
the first three or five years in departments by the two
existing bodies of directors as local committees, tinder
the supervision of a general board, composed of equal
numbers selected from those bodies, the management,
after the limited period just referred to, resting with
such general board in the ordinary way.
8. That for the settlernen, of any difference arising
under this agreement, and also of any points of detail, or
any arrangements not otherwise
of the following noblemen and gentlemen be solicited to
l
act as arbitrators, namely :—The Earl of Carlisle, Earl
Granville, the Ea' of Harrowby, the Right Hont.
the
James Graham, the Right Hon. Sydney Ilerber_a,r
Right Hon. W. E. Gladstone, the Right H0ti:,...) Mr.
Ara Vf C.
S.uirt
: ~. Wortley, Mr, Sergeant Wrangb'stern being
James Ruben Hope, Q.C., the Great
en's
which they
invited to suggest any additional saw
think fit. ji poiots of import-
I believe. I have now alluded to a
I shall of coarse be
provided for, some three
acct; but if I have overlooked aDDY
n f our views which you
happy to give any exP
do
not seek'from the Great
whilst on the one hand we are of course not prepared
Western, so on the otheDr, North-Western to any terms
to subject the London Aug
g Are to be mutually and equally
may desire. I will
or conditions, exce.P, I° so equally advantageous, and
applicable, inutuZ9protective.
mutually and equ
the favour of your board's reply to
I OM tom Witle!
cation on or before the 9th inst., if not
-rinaeZ;therefore now add that,
this corauni. , I am, my dear Sir, faithfully yours,
„,„.E. tea- _.,
Tory in°'"A" ,n GEORGE CARA GLYN, Chairman.
(S'4l:l`rgs en, Esq., Chairman, Great
Choryie-atergn Railway Company.

forltiste
GREAT WESTERN RAILWAY.
Paddington Station, August 5, 1652.
ehr de
sent
directors
nevening.:to you We hate
Tuesday,
aire.
Aff dear Sir,-.--I had tho pleasure to receive your
letter
inst.alanm sewleaet itr en
g of
yesterday
oes tbet
.earliest day at which we shall be prepared to discuss so
large and important a question.—Yours very faithfully,
C. RUSSELL, Chairman.
George Carr Glyn, Esq., Chairman, London
and North-Western Company.
toconn:ef idd the: r s 4th
ptehcei

that
ivt
thlrhen
rleaoiatweues
ri GREAT WESTERN RAILWAY.
t
Paddington Station, August 10.
My dear Sir,—ln fulfilment of the promise expressed
is
etioe
moin:castienoell:yisiii
alio:sdprniii e_ionds_onsget:odr.ibfebtdtorcifwheseaßreoptj::9lrpuios.tancir.shbottttiaae,e,finivecyrgmeeieensa, s
iattti,soit2cineoguitfeheestorosee:ntboth
board
bodies
f thep assumingro.
when acknowledging your letter to me of the 4th instant,
e
I convened the board of directors for this, the earliest
practicable day, in order to consider the important sub-
ject of that communication.
prietors, as well as of the public, may be promoted by:
mutual cessation of costly and harassing strife between &
the two companies. I may add that we still ente_rrttli
__
very
eecitabiet
ianbgl equitable
made conditions,su bser
subservient
n amicablet
sincere wish, of which we have already, given
min'
you many proofs, that some plan should bet, lensed,
fair and
on now at this eleventh hour, for working
1. • purposes,
in our re-
spective of those who have invested tueir
advantage and con-
spective companies, and the general
o_
t the country, for
venience of the public and ailed
sanctioned by Parlia-
gi
st
waswe r
the opinion
ictsahpbeaobbaelrel
eriodrc,', some years ago, when
three large companies, with
vt:alti. those undertakings
Unquestionably at one 13,aved the expenditure of ae•
the prospect ofhmco It'
d by Act of Parliarant, in order to
been aecomplis
hareaonsTrylp.m.efo.citfgi:sahic3sttauileothnpheesbennieutnwh.i'aeeal:y:
toboth an-an:u
avoid the
,:te. :nd to secure
just complete,' alg
But, howevere and hostile companies may still be, it as
m-tion of log .
thewhnio expcn tture of capital has e
- more-' than doubtfuld. w•pether
.at the. prneseenntfotirainced,
upon
A and when it is
sand commercial
principle, and
objects, the Legislature will sanction t
esp-
to traffic over
evidence of the instances of obstructionthree
tateoact°tDolPbsett.Znaenddtoisaccount for public t
rival lines, which during the last
-cislly after committees of both housess
for.the prot.?t,
have induced the Legislature to interfere
pho
or ve
fontre c yearseived