The Sun.
London, England, 1852-01-24 00:00:00

0.

JANUARY
_....__2---......111•11111MR..4)
N°.lB L _,
,515 ]
ONDON9 SATURDAY • E
4
S WICSS
1 Ecz \;:*
' 7

[PRICE SD.

LOSS OF THE AMAZON.
SUBSCRIPIONS.
Her Most Gracious Majesty the Queen £l5O 0 0
Her Royal Highness the Duchess of Gloucester 20 0 0.
The Duke of Somerset
The Du liess of Somerset
The Alliance Marine Insurance.olll.ce. ( I;;Cap.: 2300
00
e
30 0 0
taro Engledue)
Ihe Mayor of Southampton . . .
English and Scottish Law Life Assurance So-
ciety (fay J. Wiblin, Esq )
• .Arthur Bailey, Esq., Harefleld . .
Mr. C. Passmore 5 5 0
Messrs. Crookes, Regent-street . • 5 5 0
Th.: Countess de . . . . . 50 0
0 0
Sir J. 5, B. Mill, Bart. . . . • •
Miss Robinson, Lowndes-square . . . 5 0 0
Charles Sawyer, Esq., East Cowes Castle . 5 0 0
Messrs. W. and R. Stride, Redbridge . . 5 0 0
Mrs. Rivett; Shirley . . . . . 5 0 0
Mr. Adam Schoalea . • • • . 5 0 0
Henry Halleni, Esq. . . . . . 6 0 0
11. It , Wolve• harneton . . . 5 0 0
Mr. :4hakespear Phillips, Hertford•street . 5 0 0
Mr. J. T. Waddington
Messrs. Smith and Son, Strand . •
Mr. Beavis, Oronoco . • • •
Friends
Collected by Mr. Nevill, West-end . .
Edward Kater, Esq.
.Fred. R. Crowder, Esq., Enfield . ▪
3 0 0
Mr. T. P. Payne
Mr. Mark Capper
Messrs. G. E. Baleras, Philpot-lane .
Dr. Hearne . • . . •
Mr. Thomas Ilrettell, Rupert-street •
Mr. G. I. Leon, St. Michael's-alley • , 2 2 0
Colonel Reynardson , . . . . 2 2 0
Mr. E. L. Gower • . .
The Young Men in the Establishment of Mr.
B. Harvey, Knightsbridge . .
General Ewert . . .
Mr. B. Harvey, Knightsbridge .
Mr. J. Nichols - . . .
M. S. Davidson, Esq , Spring-gardens
Mr. H. Brett, Holborn .
Mr. Wm. Foy, Little Chelsea
Mr. David Days .
Captain White, R.N.
Mr. T. Chamberlayne
ajor-Generall Hewitt
Captain-Laway--- •
A Widow
Mr. H. Ashley
Mr. R. Richardson
Mr. T. Simpson
Mrs. M. E. Fox
Miss Al. E. Fox

PUBLICATIONS

most of tho descriptions of yarn and cloth, which are to any extent in demand, have assumed more firmness.
Those include 20's to 30's water twist, which are in con-
siderable request for China, and India numbers of mule.
Buyers of cloth for China have taken wide shirtings
to a fair extent, and 40-inch goods of this description,
60 reed, 8 lbs. weight, sold freely to-day at 7s 9d per
piece. For printing cloth and long cloth there is a good
demand, except for the lighter descriptions, such as are
chiefly made at Blackburn. Fustiaus are not in much
request, but cords suitable to the Irish markets have a
good sale. On the whole, an avorage business, perhaps '
has been done this week, but the contracts for the future
delivery are not so considerable as they were a month
back.

Now ready, in 3 vols., post Svo.,
ASTLE I, OR INE ; or, the Ruined Peer.
By MARIA PRIS.:,'ILLA SMITH. •
" There is ample evidence of power in this work. Miss Smith
write? well ; she has great depth of feeling and great power of thought;
she has boldness and decision, earnestness and sincerity; she has
adoAed the u ider views of the day, and wee in almost safely aseure
her an audience beyond that which clusters round the 'library table
of most writers. The impassioned earnestness of Miss Smith will
and must find itself many fitting outlets, and we hope that we shall
soon welcome another book of hers to our autumn fireside, which
shall make ua forget the loss of the summer sun in the fervour and
poetry of its pages."—Morning Chronicle.
London Richard Bentley, New Burlington-street.

MRS. DUNLOrS NEW NOVEL.
Now ready at all the Libraries, in 3 vols.
MIL Y HOW A R D.
By MRS. DUNLOP.
" If elegance of style and grace of description tend to make a work
.of this kind popular, Emily lioward' possesses all the ingredients.
to charm the sense and satisfy the most fastidious criticism. There
is a naivete about Mrs. Dunlop's style which immediately attracts
and this, combined with a plot of s!ngular interest, and a clear man-
ner of working it out, has contributed to the completion of a tale of
immense power and singulat attractions."—Messenger.
Colburn and Co., Publishers, 13, Great Marlborough-street.

COAL BIARNAT.--YEsTitnneT.
Prices of Coal per ton at the close of the market :
Bate's West Hartley.. 13s Gd Hedley .. ..
Huddle's W. Hartley.. 13s 6d' Eden Main ......
Burnhope l2s Od; Belmont .... 16s Gd
Carr's Hartley .... *. ... 13s Gd Braddyll
Chester Main l4s 3d' Getton
Dean's Primrose
Howard's W.H. Neth. 13s 6,1 Keepier lGs Gd
Longridge'sW.Hartley 13s 6d Whitwell
North Percy Hartley.. I3s 6d : Caradoc l6s Gd
Newcastle Hartley.... 13s 6d. Hunwick
Rayensworth'sW. Hart 13s 9d ,P Heugh Hall
Tyne Main l2s Od I Soutla Hartlepool
Tan Gold Moor ......... 13s Gdl'..'.7-::rtli Hartlepool.— 13s 9d
ranfield Moor Butes... 13s 3d Whitworth
Walker's Primrose ... 12s Od Brown's Deanery l6s Od
Wall's End, &c. Cowpen Hartley
Acorn Close ....... ..... 16s Od Nixon's Merthyr and
Gosforth .....
Harton - .14

Now ready at all the Booksellers,
VOL. V. of LIVES of the QUEENS ol
ENGLAND.

By AGNES STRICKLAND.
Comprising the Lives and Portraits of Anne of Denmark, Consort
of James I. ; Henrietta Maria, Consort of Charles I. ; and Catherine
of Braganza, Consort of Charles 11.

. 1 5 0
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NEW, REVISED, and CHEAPER EDITION.
With PORTRAITS of EVERY QUEEN.
To be completed in Eight Volumes Bvo., price 12s. each.
Coihurn and Co., Publishers, 13, Great Marlborough-street.

SAM SLICK'S NEW COMIC WORK.
Now ready at all the Libraries, in 3 vols.,
SAM SLICK'S TRAITS
OF AMERICAN HUMOUR.
" A budget of furl, full of rich specimens of American humour."--
Globe.
" pip yvhereyoo. Itill...into.thia-lottery of fun, yotilire sure tit-draw
hesa racy traits exhibit m)st successfhlly the broad
national features of American humour."—Morning Post.
Colburn and Co., Publishers, 13, Great Marlborough-street.

Harvey Wylam Gas.. I3s 3dl
Ships at market,

ey
Bynea handpkd. steam 18s Gd
84 Sold, 54.

RAILWAY INTELLIGENCE.
BRIGHTON.
The half-yearly meeting of the proprietors of the
above company was held yesterday, at the Bridge-house
Hotel, London-bridge. Mr. Laing was in the chair,
The advertisement by which the meeting had been con-
vened having been read by the Secretary,
The CHAIRMAN said he supposed the report might, as
usual, be taken as being read.—(Hear.) He would pro-
coed then to move that the report be adopted; and in
doing so, he should trouble them with a very few obser-
vations upon one or two topics which seemed to him to
be likely to be interesting to them. The first and most
important question, and which, perhaps, they might feel
an especial interest in, was bow far the Groat Exhibition
might have affected the large increase of the traffic
during the past half-year. When they saw that they
had had during the last three years an increase of
131,6781. in the income of the company, of which up-
wards lof 50,0001. had been obtained in the last year,
1851, of course they could not but all feel considerable
anxiety as to whether this very large increase might be
of a permanent character, or might be attributable to a
temporary cause like that of the Great Exhibition.
They would observe that in the report the directors ex-
pressed tho opinion that although some of the increase
of the past year might bo attributable to that cause,
the larger portion of it was of a permanent charac-
ter. Of course it must be conjectural in a great
measure, how much of the increase might be attributed
to the Great Exhibition. Thera was no doubt that they
had had a considerable accession of traffic arising from
that cause; but it had been by no means so great as in
the case of other railways, which connected larger
masses of the population with the metropolis; that was
a result reasonably to be anticipated. A very great ad-
ditional attraction being established in London, it was
only to • be expected that a line like the Brighton,
which only connected London with the population of a
single country, should not reap such a rich harvest from
that cause as other railways like the North-Western and
Great Western, which connected, perhaps, a third or a
fourth of the entire population of the kingdom with
.London; and, accordingly, such had been the case. The
total increase, he found, of passenger traffic during the
year 1851 over the year 1850, had been about 42,0001.;
while the average increase for the two preceding years
had been about 18,0001. According to that it would ap-
pear, therefore, as if upon their passenger traffic they
had obtained rather more than the natural increase of
two years; bat it must be recollected that tho progres-
sive development of the traffic of the line, while the
country continued prosperous, must have been expected
to bring a large increase of traffic, inde-
pendent of any extraordinary cause. Ye had
got the figures out of the amount of ex-
cursion traffic—and other extraordinary traffic, as
they might call it, which had been booked at the various
stations on the line to London at reduced rates; and he
found that in the year 1851 it amounted to 17,7151.,
during the time the Exhibition was open, being an in-
crease of 15,6961. over the corresponding period of 1850.
Of that, 15,0001. or 16,000/. represented the direct in-
crease of excursion traffic derived from the Exhibition;
there probably was some other increase upon the ordi-
nary traffic to London; but, on the other hand,.. there
was a decided falling off in certain branches of the local
traffic; and on the traffic from London he thought on
the whole they had lost quite as much as they had
gained from superior attractions of the Exhibition
in London keeping people in town. There was one
rather interesting and remarkable phenomenon attending
our Exhibition traffic this year. They had been in no
hurry to adopt tho system of low fares;
they retained
their ordinary fares for the first two months of the Ex-
hibition; and he thought the result had proved most
conclusively that they had got no increase of traffic
whatever from that cause until they lowered the fares
very considerably, so as to glace within the means of
the mass of the population the opportunity of gra-
tifying their curiosity by visiting London. During
the month of May the Exhibition affected their
traffic in passengers but slightly compared with
other ,lines; they then adopted the policy of grant-
ing by their usual trains and other trains return tickets
at considerably reduced fares; and they had a very large
increase of traffic from the middle of July or the begin-
ning of August until the close of the Exhibition in Oc-
tober. Since then they had been suffering slightly, but
only in a slight degree, from the reaction naturally
resulting upon the decrease of that traffic. On the
whole, however, ho should say, though the result of that
test must be conjectural, his own opinion wee that
they might in this one year anticipate the natural in-
crease et two years; and if in the year 1852 they could
keep their receipts on a level with the receipts of the
year 1851, they ought to be perfectly satisfied with the
result.—(Hear, hoar.) There was one very gratifying
feature about the increase of their traffic. If they re-
ferred to the table in which the comparative receipts of
the last three years were given they would see that the
largest increase of all had been in the amount of the an-
nual and season tickets. Now that increase certainly
showed a steady and progressive development of traffic
on the different branches of the line,.and represented in a
great measure the increase of buildings, and the in-
creased number of residents, arising from the great advan-
tages and facilities offered by the line to people to live
at Brighton, and in the vicinity of the different stations
on the line, and to come up to London to their business
instead of residing in London. As regarded the next
question to that of receipts, the question of expenditure,
he would just make this remark to them, that in 1849,
they might recollect, he hazarded an estimate of what
the expenditure might probably be upon a given amount
of income in future; and they found the actual result cor-
responded very closely, indeed with that estimate. The
estimate in 1849 was based upon the supposition of a
traffic of 500,000/. a year. Exclusively of casualties,
which was a separate item, it would require 210,000/.
expenditure to earn an income of 500,0001., and 25 per
cent. upon any additional receipts beyond 500,0001.
Now that estimate would have brought the expenditure
for the year 1851 to tho amount of 242,444 L; their

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SIR FRANCIS B. HEAD'S WORKS.
Now Ready, i ost Bvo., 12s.
ON the DEFENCELESS STATE of GREAT
BRITAIN. Consisting of a Series of Sketches.
I. Military Warfare. IV. The Capture of London.
11. Naval Warfare. I V. Treatment of Women in War.
111. Invasion of England. VI. How to Defend Great Britain.
' The subject which Sir Francis Head has introduced to his
countrymen is one of great importance, and has long been felt by
the most sagacious thinkers and experienced politicians to be ,of the
deepest interest to the future safety of our country."— United Ser-
vice Magazine.

Collected exclusively in the Stoc:
poor Relatives of the St
£lO 0 0
. 5 0 0
. 10 00
. 5 0 0
. 10 0 0

:k Exchange for the Widows and
offerers in the Amazon.

L. H. H. . .
S. Sperling . .
Henry Grisewood .
Wooldridge . .
N. Wilkinson

Henry Hayes . . .£1 0 0
W. Faller . . . 1 0 0
E. Whitmore . . . 1 0 0
A. Whmnote . . . 1 0 0
H. Flower . . . 1 0 0
E. Levien . . . 1 0 0
Edward Kennedy . . 1 0 0
Bragg and Stockdals . 2 0 0
C. L. Slous . . . 2 0 0
J. E. Rougemont . . 1 0 0
W. E. Wilkinson . . 2 0 0
Hamerten Williams . 1 0 0

I. C. Morrie°
H. Tudor .
rerkims
Play ford
R. Nunes
11. Morris .
L. Helbert .
Jol In Wagg .
Mrs. Fagg .
H. De Zoete .
B. Samuels .
D. Davidson .
Oliphant
E. Morgan .
A. L. Cawthorn
W. J. Barker .
P. Mitchell .
Albert Cohen

. . 2 0 0
. . 1 0 0
. . 1 0 0
. . 1 2 6
..2 0 0
. . 10 0 0
. . 1 001
. . 2 0 0,
. . 1 001
. . 1 00
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. . 5 00
. . 1 0 0
. . 1 0 0
. 1 0 0
▪1 0 0
• 2 2 0
▪ .. 1 0 0

klammon Paine . . 1 0 0

R. S. Wilkinson . . 1 0 0

F. Slade . . . 5 0 0
las. Walk, r . . . 1 0 0

IJ. Scott

.1 0 0

18. B. Worms

. 1 0 0

Barber, Bros. . . 5 5 0
tV. Baines . . . 2 2 0
fly. Brown . . . 1 0 0

Ed. Carenove

. 1 0 0

Roscoe

.1 0 0

Moscow Browne .

1 00,

Henriques .
P Spurling .
John Phillips

1 0 0
1 0 0
5 0 0

Corbett . . . . 1 0 0
Tomlin . . . . 1 0 0
Ths. Oliver . . . 1 0 0
11. Spurling . . 2 2 0
John Graves . . . 2 0 0
Cawston . . . 1 0 0
Edward Heselllne . 5 0 0
J. H. Dobree . . . 1 0 0
L. Lerinitte . . . 1 0 0
J. Lerinitte . . . 1 0 0
Edward Lloyd . . 1 0 0
J. W. Scott . . . 1 0 0
R. Ricardo . . . 2 0 0

E. T. Skinner

H. Gray, jun

W. Morris 2 0 0
T. B. . : : 2 00
Haggard 1 001
J. Hutchinson 5 0 0
C. Wilkinson 5 0 0
Raphael 2 0 0
C. Edwards . 1 00!
J. W. Robins 1 0 0
Halse . 1 001
Russell
E. Sutton . . 1 001
Hill, Fawcett, and Hill 5 0 01
C. Cancellors . . 1 0 0
G. Rlincocks 1 0 0
H. Wilkinson . . 5 0 0
Medley • . . 1 0 0
Routh . . 2 0 0
Boulton, jun. . . 1 0 0
G. Hill • • . 1 0 0
R. Manning • . 1 0 0
C. Furlonger • 1 0 0
.
W. R. Mitchell • . 2 2 0
Barnett and E. . . 5 0 0
J.B. • • . 2 2 0
Turner and A. •
2 2
C. Cothorn ▪
1 0 0
C. W. Morico •
1 1 0
J. Williams, jun. . • 1 1 0
H. Ridge • • . 1 0 0
C. Hartridge • . 1 5 0
John Barclay, jun. . 1 0 0
Stikeman . • . 1 0 0

John lleseltino
T. llakes .

. 1 0 0
.1 1 0

Atendes

10swin .

Henry Mike .
Burton . .

. 3 3 0
. 1 1 0

li.o ,;derhen .

.1 0 0

J. it. Soden .
Alexander .

. 2 0 0
. 1 0 0

Banbury
Carr

. 1 0 0
. 1 00

_
W. McMullen , . 1 1 0
George Towgood . 1 0 0
6.11. P. . • . 1 0 0
James Block . • • 2 0 0
- _ _

Richarlson . • 2 2 0
A . Itojhton • . • 1 1 0
Philip Cazenoox . . 5 0 0
W. Upward . ' • I 0 0
A. Levy • . . 1 1 0
James Wetenhall . • 1 1 0
F. Harrison . • . 1 1 0
Price and Brown • . 2 0 0
Fres. Wetherby . . 1 0 0
Perkins, sen. . . 1 1 0
Marzellc . . . 1 1 0

T. Uzielli•
Price and Pott
W. Harir:dge
J. H. Jourdan

• • 2 2 0
• • 2 2 0
• . 3 3 0,
. . 1 001

Roger Eykyn
W. Crook

Kitchen and G.
Anonymous
A. Hitchcock
Hensley and Sons
Charles Ponza .
Frith . .
J. Davis . .
T. Browne . .
Seymour . .
Witherby . .
Piflard . .
L. Phi . .
W. Stuttield . .
E. and G. Wood
N. Morris . .
G. Paine . .
It. Prance . .
Bostocks . .
P. Ricardo . .
D. Wilkinson
F. White . .
E. T. Lodge
Torrens
D. Tyrie . .
W. Morgan
Pulley, jun.
William Powell ,
E. 11.. • •
T. W. Bell
L Burnand . .
W. Delmar . .
C. Dettnar • •
Taunton

Thomas Thompson . 1 0 0
Ailred Goldsmid . . 1 1 0

Ivie Mac Rae

. 1 0 0

I. P. Bond

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George Wedd . . 1 1 0
Sir William While . . 1 0 0
Woods, jtm. . . 1 1 0

. 1 0 0

H. Lovo .

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2 0 0

Adderley

L. M. Simon

Albert Showell

Henry Cohen .

• 1 0 0

Fer. Echalaz

. 1 0 0

A. fludsoll

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C. Mitchell . 1 0 0
-zir It. W. Carden . . 1 0 0
Joseph Barber 1 0 0
1. M. Mackay 1 0 0
T. Lloyd . 1 0 0
.T. B. . . . . 1 00

F. W. Medley
Drewett . .

Major . . . . 1 0 0
Sheppard nnd Son . ~ 5 0 0
Thomas and Sons . . 5 0 0

Benj. Bacon Williams . 1 0 0
.I'. Vigne
Jacob Cooper . . 1 0 0

Stanley Howard . . 1 0 0
Peppercorne and Co. . 2 2 0

I;. Bally •
W. Chaplin •
G. Schlotel •
Bush • •

• 1 0 f:i
. 1 0 0
• 2 2 0
. I 001

ISicin.e) Lawrence_ . . 1 0 0
'Jilt). liars . . . 1 0 0

W. H. Hawkins : : 2 0 0
Dodson . : : . 1 0 0

B. Greenhill •
J Jones •
M. Paine •

.1 1 0
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W. C. Carr
M. Slaughter
Clapham
w. S. .

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2 0 0
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W. Taylor

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C. Greenhill .
J. Sutton, jun.
Owen Tudor .

• 1 10
• 1 10
. 1 00

North .

_
Charles Tellord . • 1 0 0
H. Grisewood . 3 0 0
Thomas Vile . . 1 0 0
Henry Cazenove . • 1 0 0
Henry Hopkins • 1 0 0
J. J. Cl irke . . . 1 001
T. Landman 1 0 01
Alfred Cros)ey . . 2 2 0
Ahrcd Hiort • . 1 101
Simon Waley • . 1 10,
Amory . • • . 1 0 0
John Short . • • 1 1 0
Jacob Waley . . 2 0 0
Charles Stokes . . 5 0 0
Robert Field 2 2 0
George Pocket . . 2 2 0
F. Vigne • . 1 0 0
C. W. Lodge • . 1 0 0
Amount previously advert's,
Published by order

IJ. W. and C.
Hr. Waller

J. jun : . 1- 1 0
, 1 A

Moses Lea • •
Rasch . •
H. C. . . •
!W. B. . . •
J. Capel and Co. •
lEllesson . . •
Ewart . . •
C. W. . . •
IT H. Rawlings •
W. S. Wood . •
A. Desyrnons ~ •
S. Desymons, jun. .
!Johnson and L. •

. 1 0 0
. 2 0 0
0 10 0

. 10 10 0
.1 1 0
, 1 1 0
. 2 2 0

. 0 10 6
. 1 1 0
. 1 on
. 1 0o
.2 2 0

Total . . £417 12 0
ed . . £1,156 9 7
of the Committee.
ItLES E. DEACON, Hon. See.
t nary 15, 1852.

HM
Audit House, Southampton,C Jam

LAURENT'S CASINO,
ARGYLL ROOMS, Gi-eat Windmill-street,
St. James's.
The PRIZE QUADRTLLE, awarded to /dr. J. R. Tutton. of the
Royal Horse Guards (Blue), will bo played every evening by
Laurent's Celebrated Band. Principal Cornet-a-Piston, M.
Boulcourt.
Doors open at Eight o'clock. Dancing to commence at nine, and
terminate at half-past eleven.
Admission—ONE SHILLING.

PATRON—H. R. 11. PRINCE ALBERT.
ROYAL YOLYTECHNic IivsTITIITION.
111. 14 Lecture by Dr. Bachhoffner on the Philosophy of Scientific
Recreation.—Lecture by J. H. Pepper, Esq., on Chemical Experi-
ments, beginning with the variable conditions of Oxygen and Phospho-
rus. —Lecture on Sykes Ward's New Submarine Lamp.—Numerous
Prize Models, Works of Art, Specimens of Manufactures, &c., from
the Great Exhibition, explained by Mr. Crispe.—Optical Effects
in Dissolving Views, Microscope, Chromatrope, &c.—Diver and
Diving Bell, &c.
A4misaion, Is.; Schools and Children under Ten years of ago,
Half-price.
from Eleven to Five, and every Evening, except Sa-
y, gailyt• r
;even till Half-past Ten.

.
actual expenditure ISSI had been 233,7194, to which
if they added tho reserve fund of 10,0004, it would
make the amount of 243,710 L, or within less than

1,5001. of the estimate which was given more than two
years ago. He would like to observe, however, that in
giving that estimate it was based upon the supposition
that an increase of traffic beyond the 500,000/, a year

.. .
would arise from the progressive development of the
ordinary sources of traffic. He, no doubt, then had
in view that which had been the actual fact—that
a large proportion of the increase had arisen from
goods traffic and excursion traffic, for which traffic they
had had to do an extra quantity of work, or he would
hardly have ventured to give so large a figure as twenty-
five per cont. for the additional stock and expenses
necessary to enable them to obtain those increased re-
ceipts. And they must recollect that while their income
had increased thirty per cent., the amount of work,
whether measured by the number of miles run, or by
the number of passengers carried, had increased about
fifty per cent., showing that a largo portion of their in-
crease bad arisen from the traffic attracted to the line
by extra exertions in running trains at low fares, and by
currying a great portion of their traffic at reduced rates.
The principal increase of expenditure during the last
year, they would observe, was under the head of " Lo-
comotive Power," which had arisen, of course, from the
increased number of miles which had been run, and
from the larger amount of repairs and renewals which
had been effected in order to keep the stock up in good
condition. He believed the best test
.of that would be
afforded by the punctuality of the trains. If there was
one point more than another on which the directors:piqued
themselves—if he might so express it—it was upon the
punctuality of the trains of the Brighton Railway,
Ile confessed, although they, as directors, might feel kit-
tisficd, some proprietors might be dissatisfied on coin
paring the results of the Exhibition traffic with the result
the public. lla
a
on other lines; but be must say that he would rather
himself have a moderate increase of traffic, and retui
referents
with
to
the c .
their reputation for punctuality, undisturbed by an 4
enor-
mous accession of excursion traffic, than have a
accession for one year, accompanied with tho tog„gr'atof
their character
10,
h
fors
might observe, wi t
xpresston,
the increase of their mileage and the increased
ture for locomotive power, that they weregoingexpendi-
sys-
tematically on the principle of running more trains
per-
haps than was strictly necessary at the e
present moment
for the requirements of the traffic, with a view to afford
accommodation to the public, and
o assist
development of their traffie. Furunni instance, between
in the future
London and Brighton they were r
trains daily each way. Now,ng three express
very probably two .
"pry""4"is might a"9lllMAite the existing

FIFTY THOUSAND CURES WITHOUT MEDICINE BY
D U BA. R R Y'S HEALTH-RESTORING
FOOD FOR INVALIDS AND INFANTS.
The REVALENTA ARABICA FOOD is the only natural, plea-
s, nt, a
on elfectual remedy (without medicine, purging, inconveni-
ence,
cure) for exall nervo as
pense, it saves fifty times its value in other means of
r us, stomachic, intestinal, liver, and bilious com-
plaints, however deeply rooted, dyspepsia (Indigestion), habitual
c mstipation, hwmorrhoidal affections, diarrhoea, acidity, heartburn,
flatulechy,acY, oppression, ' rheumatism, gout, cough, asthma, dropsy,
headaars, distension,iess palp, congestion of the brain, noises in the head and
eitation, eruptions of the skin, impurities and po-
verty of the blood, sinking, sickness at the stomach during preg-
nancy,nt sea, and under all circumstances, debility in the aged as well
ssion irritability wasting away,fits, spasms, cramps,
"
• tants depre , ,
as in "
&.c. The best food for infants and invalids generell
Inflammation and ulceration of the stomach, angina pectoris, fevers,
cid on the weakest stomach, nor interferes Y'
with a
t but imparts a healthy relish for lunch and dinner,
saesuirtvnye,vPearrtagrissis:,
good liberal die ,
The only remedy which has obtained 50,000
to the most enfeeble
abovem od es andof
tortehaetrm e
na complaints,nd
been many
and restores the faeudit.y of digestion and nervous and muscular energy
all o
which had resisted
aban-
doned as incurable.
New Bond street, London.
testimonials of cures of
are here give •
A few out of 50,000 cures
47 121.
Cure 240. ,
vicarage, Waltham-cross,
the
the r
of Nazing
" Miss Elizabeth Jacobs,
indlgcstions, gatherings, low
Du Barry arid Co., 12 7, n .
ypirits, and nervous fancies."
14.
a cure of ten
Cure No, 48,3
Herts. a cure of extreme nervousnesi,
Liverpool,
„
s irritability."
Cure Stuart
ears' dyspepsia, and all the horrors o
" M 133 Elizabeth Yeom tn, Gateacre,f
Hon. the L Cure No. 71. of Dyspepsia; from the Right
De Decies.
Du Barry's Revalenta
" I have derived considerable benefit from
the public to
Arabica Food, and consider it due to yourselves and
authorise the publication of these lines.
' DECIES."
nneearrvou
" STUART DR
...

Fifty years' indescribable Cure 41,832.—
agony from dyspepsia, nervousness,
asthma, cough, constipation, natulenc s 'isms, sickness at the
3, P, stomach, and vomitings, have been removed by Du Barry's excel-
lent food.

MARIA JOLLY, Wortham, Ling, near Dies, Norfolk."
In canisters, suitably packed for all climates, and with full instruc-
tions—llb., 2s. 9d. ; 21b., 48. Gd. ; 51b., 1 is. ; 121 b., 225. ; super-
refined, 51b., 223., 101 b., 335. The 10ib. and 121 b. carriage free on
receipt of post-office order.—Da Barry and Co., 127, New Bond-
street, London; Fortnum, Mason, and Co., purveyors to her Ma-
jesty, Piccadilly; Hedges and Butler, Regent-street ; North and Co. ;
Crosse and Blackwell ; Petty, Wood, and Co
13, King William-street,
City ; also at 60, Gracechurch-street ; 49,BishoPggate-street 'Within;
4, CheaPside ; 330 and 451, Strand; 51. Upper 13aker-street ; at the
Post-office, Camden-town ; 24, Dlotcomb-street ; and through all re-
spectable Grocers and Chemists.
halAr4"°6
Caution—Beware of
iSgrior and W111'10:13 blitatioaa under

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traffic, and there might be no material falling seee, in
the first instance, if they reduced those three express
trains to two ; but, on the other hand, be
had not the slightest doubt that it was the best policy
they could pursue. If they look to an extended period
of five, or six, or eight, or ten years, it would bo found
that there could be no more judicious expenditure of
money than in connecting Brighton with London at a
very high rate of speed, so as to make it the most con-
venient point of access from the metropolis; and the
same observations would apply to the trains on the short
lines—to Croydon and Epsom—where they were running
trains from an early hour until half-past,twelve at night,
mainly with a view to encourage residence in the vicinity
of the line. He would now come to that which he
thought by far the most important point connected with
the present report. That was the question of providing
for the additional outlay for permanent objectt, which
In were rendered necessary by the large increase of traffic.
asking for further outlay for those objects, it seemed
right, in the first instance, that they should give them
some account of their stewardship in regard to the past.
They would recollect that in October, 1848, an estimate
was sent round by the directors to the proprietors,
with regard to the final state
At that period the utmostof the capital account.
aofrunt of income which
they ventured to ground their
450,0001. a year. They had then
liaebsitliimtieastete utgeon
ex twenast
of 390,0001. to complete the different works
which were
then in progress on the line, and assets to realize to the
extent of about 145,0001,, and on that state of things
they ventured to estimate that the final amount of capi-
tal would not exceed 7,200,0001. Since that periodall
the works which were then in contemplation had been
completed, and about 100,0001. worth of additionui works
executed, in increasing their stock and in enlarging sta-
tions, which had been done beyond anything included in
those estimates. Having done that, and having during
that period seen their trkffic increase from 450,000/. to
585,000/. a year, the directors came to them and showed
that the limit of 7,200,0004 had not yet been exceeded,
but is approached within a very small margin; and that
this increase of traffic rendered necessary a further ex-
penditure, which might be roughly estimated at about
120,0001., in order to provide the necessary accommo-
dation for traffic oa the line. He thought no one
who was at all acquainted with the nature
of railway business could expect, for one mo-
ment, that such a large increase of traffic as that
to which we had referred could be carried on with any-
thing like the same fixed establishineut of working
stock and accommodation at the stations as was for-
merly sufficient. The business of a railway company,
in many respects, might be compared to that of a large
carrying establishment, like that of Messrs. Pickford
and Co., or Messrs. Chaplin and Horne. Every one
who was at all conversant with business must know that
if the business of Messrs. Pickford and Co., or Messrs.
Chaplin and Hoene, were to increase 30 per cent. in
three years, a very large increase of outlay indeed
would be required by them in providing working plant,
warehouses, and so on, in order to conduct that traffic.
The number of passengers, as they would see by the re-
turn, which bad beencarried over the line had increased
by upwards of one million, or by 50 per cent. over the
whole number carried in 1848 ; and the mileage and
tonnage of goods increased in the same proportion. Of
course every additianal passenger who was carried re-
quired additional room to carry him ; and every addi-
tional ton of goods required additional waggons, and
additional warehouse room, and additional room for sid-
ings at the different stations, and every other precaution,
both to accommodate the traffic, and to prevent the risk
of accident arising, as they increased the number of their
trains. That some further expenditure must take place
from time to time, as the traffic increased, was, he thought,
a matter which stood to reason; and he was sure that no
more ruinous policy could be adopted by railway directors
and railway shareholders than to attempt to shut their
eyes to the inevitable facts; to shirk the call upon them
for further outlay, and to attempt to go on for a year or
two with insufficient stock and insufficient accommoda-
tion, and to incur the displeasure of the public, and the
risk of serious accident upon the line, which would be
the inevitable consequences of such a course of conduct.
Although upon this line they had been very fortunate
daring the past year, notwithstanding the increase of
traffic, in escaping any serious accident that could be at-
tributed to any want of precaution, yet they could not
shut their eyes to the fact that a great many serious acci-
dents had occurred upon railways, and that a great deal
of public excitement had existed upon the subject; and
it was clear that if many accidents were to occur upon
railways of a description which could fairly be attributed
to the want of due precaution, or to a penny-wise and
pound-foolish economy on the part of railway proprie-
tors, in refusing to grant the necessary funds, they
would both risk the certainty of being fined enormously
in the shape of compensation fur injury, and also risk
the great probability of very stringent interference on
the part of the Legislature, very likely leading in its
result to great inconvenience and damage to railways.
Lie confessed himself that he hal a very strong feel-
ing that the charter, if he might so express it, un-
der which they held their property, was that of
doing the best in their power to secure the public
safety upon the line. He thought if they were, under
the influence of false reasoning, or any other motive, to
shirk the necessity of increasing their working estab-
lishment, and of providing all the precautions which the
most advanced state of science could suggest for securing
the public safety, they would very soon feel the bad
consequences of it, both in the falling off of
,their traffic,
and very possibly in the shape of legislative interference
with railway property.—(Cheers.) That feeling led the
directors in the autumn of the past year to direct a very
minute examination of all the different points of the line,
by their different officers, the resident engineer, the
traffic manager, and the locomotive superintendent, in
order to ascertain whether it was possible, at any points
on the line, to introduce any additional precautions to
secure the public safety; and whether the large increase
of traffic did or did not suggest the necessity of altera.
tions and enlargements at the different stations for ac-
commodating the traffic. They had a report from
them recommending a variety of different works, every
one of which was gone through carefully, and those
only were adopted which the board were fully ccnvinced
would ultimately be necessary in order to secure the
safety of the public on the line. He believed their adop-
tion could not have been postponed without very great
injury to the permanent interests of the company. One
of the points upon which additional outlay was need-
ful, as mentioned in the report, was a new goods
yard, with an approach from the main line
practicable for locomotive engines, and the enlargement
of the goods stock, iu order to place it upon a level with
the requirements of the large increase of traffic. The
only point which admitted of a question with regard to
that outlay was not the necessity of that outlay (for he
was sure the more they looked into it the more they
would find that that outlay was necessary and indispen-
sable), but the mode in which it was to be supplied, and
that raised the broad question whether it should be pro-
vided oat of the capital or out of the revenue. Upon that
hruese
little
believedabt Aboutrot theha broad
point he had nothing to add to the reasons which were
f
given in that report. He did not like to commit himself
to opinions upon abstract questions of principle as
et?
whether expenditure of this sort ought, as an abstract
question, question, to be provided for out of capital or t oeu
case
revenue, or how it ought to be provided for in
of other buildings which might be differently
ft Intel. It was sufieient for him to say
utht
moment,
011
e 127,
else of the Brighton Railway, at thieohp
be had a very strong opinion,
directors universally participateide,
ruinous and suicidal policy if theyl'th'haerCeit twooreel-dopbeenatvheeriyr
capital account, and resort to.capitawl(iErn
eoarrlerantodmeheeeetrtsh.e)
necessity of increased expenditure.—
There is (continued the Chairman) no doubt of the fact
that the public at large, who r know very
railway accounts and railway managheamkeennt,bylotohke
viously
result. Their confidence has been s
pre '
and palpable result that the dividends paid
to 184.5 and 1846 could not be relied upon, from the fact
of their being to a great extent eked out of capital; and,
therefore, that confidence never can be restored until
the public at large sees the practical working of railwa
s
during a period of years in which a certain amount of
dividend is paid without any Permanent accession to the
_(eheers.) If then, we assume that the
capital account.
amount of expenditure. ought at the present moment, as
a matter of
remainingpoli to be takem from revenue, the only
question is over what period ought that to be
spread? Here I Gannot shut my eyes to the fact, that
to take it out of the revenue of a single year, or even to
.spread it over a period of two or three years, would be
pressing with undue hardship upon a very numerous
class of proprietors, with a very small amount of pro-
perty; for out of the number of 4,000 holders of the
be
ordinary stock of the company a very large portion may
widows, or persons of slender income, to whom the
amount of the dividend is a very great considera-
tion, and I think we should feel it to be a harsh and
cruel step to deprive them of tho income which they
have been led to expect, by appropriating a large por-
tion of the receipts of any particular half-year to per-
manent improvements, the benefits of which would be
spread over a very long period. As to the 120,0001.
which we talk of spending, the goods stock which
will be provided by it v.ill last on the average
for ten years, and the goods yard and the line
which is to be constructed with it will last, one may an-
ticipate, for nearly a century. The other improvementslf
_nea
of stations will all last for a long time—morna
generation, wo may say, than for thel ted period
erf
four or five years; and, therefore, if we were to propose
that the whole of that amount should be taken out of
the dividends in a very short period of. time, I think it
would he pressing toe bard upon a class of our small
proprietors, and 1 should be reluctant to do so, considt r-
ing that though it is o
vital importance that we should
not resort to capital,
but should carry out the principle
of keeping, our capital account closed, yet I should Le
afraid to try to do too much, o r to put the screw too
severely upon the present proprietors, by proposing to
appropriate to a large a per-centage-30 or 40 p-r cent.
—to meet it.that think the
pressure would come,
not froin the proprietors, but that the directors them-
selves would be driven to interfere, in order to re-oven
the capital account. I think it is much better to do that
which Is prudent and practicable than to attempt (Tr
thing which cannot be carried out
to in
dpractice.
te
Gentlemen, as regards the security affork ll is
public by this mode of proceeding, which, 07
ciio; h
fi
the main question, for it is a question 0
deuce—by the plan Which we propose, ui ()Wei' 19 pro-

.„-
dee • ;
vile the money required to raised for the Orpone of
the additional expenditure, 10 per cent, will be taken.
every year as a sinking fund, and 4 per cent. for inte-
rest. Therefore, the money which is raised for those
purpcses will be raised in the first instance at 14 per
cent. I think those who are at all acquainted with the
present state of railway dividend accounts must be aware
of the impossibility of directors, even if they were so dis
posed. if I may call it cribbing, anything like 14 per
cent. from the expenditure, in order to eke out the divi-
dends of any one half-year. While money is raised at
4 per cer3,, there is no doubt an impression upon the
mind of the public that auditors and boards of directors
are too fond of spending out of capital instead of out of
the current receipts of the year, to some extent,
so as to eke out the dividend—the inducement being
to make the dividend as good as possible; fur I need
not say that directors always like to meet their
proprietors with the announcement of as good a
dividend as possible. It is pleasanter to meet the
body of proprietors with a good dividend than with a
bad one; and with capital raised at 4 per cent. no doubt
there is an opening for assisting your revenue to some
extent out of your capital; but when you come to pay
14 r cent. upon your immediate outlay, as will be the
case now, unless yon sup pose gross and palpable dis
honesty on the part of the directors, and equally gross
and palpable supineness on the part of the shareholders,
it would be utterly impossible to conceive that the effect
of this arrangement could be to enable us to pay better
dividends than had been honestly and legitimately
earned. This, then, is the recommendation, and I
think that recommendation will be distinctly understood
from the report; it is that 10 per cent. upon any addi-
tional outlay beyond the 7,200,0004 is to be taken at
the end of each year as it sinking fund, in addition
to the current interest which would be payable on
that amount. I will only say one word more to
point out to the proprietors how that probably
may affect cur position for the next year or two.
We have been accustomed, as you know, to lay aside
a sum varying from 10,0001. to 15,0004 a year out of
our net revenue towards the accumulation of a reserve
fund. The object of that reserve fund was always un-
derstood to be to create such a fund as might meet any
extraordinary accident or unusual expenditure in any
particular year, more particularly under the head of
" permanent way." In case of a bridge or a tunnel fall-
ing in, or any slips upon the line occurring, or any ne-
cessity arising suddenly and unexpectedly, it was felt to
be important that we should have a fund in hand, accu-
mulated out of the revenue, to which we could resort,
without being driven to the alternative, either of effect•
ing the work out of the dividend of any particular half-
year, or of re-opening our capital account. That re-
served fund has now reached the amount of 36,0001.,
which, with interest, will soon amount to about 40,0004
I confess, according to my nesent view of the case, that
that sum may be considered about sufficient for the pur-
poses for which that reserved fund was destined. I
think 40,0001. is quite as much as there is any like-
lihood of our being called upon to spend in any parti-
cular half-year, or any particular year, to meet any ex-
traordinary casualties in the permanent way. It will
enable us to renew and replace quite as much of the per-
manent way in any one year as we could do, without an
entire suspension of the whole of our traffic, and would
repair any extraordinary casualty that could be contem-
plated as likely to affect the traffic. I think, therefore,
that if a burden to the extent of 10,0004 or 15,A00/. in
a year falls upon us, under the head of sinking fund, in
order to meet the expenditure required by:our traffic, by
' the time that burden falls upon us we shall be quite in a
condition to discontinue the further accumulation of a
reserved fund. The practical effect will be that we shall
continue to set aside the sum of from 10,000/. to 15,0001.
a year out of the revenue; only, instead of setting aside
the whole as a reserve fund, we shall set aside the same
amount, either wholly or partially, as a i'sinking hind.
I believe, put it as you will, that it will be found
to be the result in all railways, either that their
capital accounts cannot be closed, or they must be satis-
fied to set aside some portion of their revenue in each
year in some shape or other, either in the shape of a
sinking fund or a reserved fund, to meet the additional
outlay which it is quite certain they will be exposed to
so long as the traffic continues, as at present,todeveylooup
itself and to increase. With an increasing traffic
cannot have a closed capital account, unless you aro pre-
pared to make some sacrifice of the revenue. It will
come to this,—are you prepared to submit to a certain
moderate sacrifice out of the present dividend, or do you
prefer the alternative of having the capital account re-
opened? I say submit to a moderate deduction from
your current dividends—submit to set aside 10,000/. to
15,0001. a year which you have been accustomed to set
aside, and I believe the effect will be that the value of
your property will stand very much higher after so
doing than it would do in the alternative, even although
in doing so you were enabled to eke out your dividend.
—(Hear, bear.) Ido not know that I have anything
more to trouble you with, gentlemen. I shall therefore
sit down by moving, " That the report now read, with
the half-yearly:statement of accounts, be received."
The motion having been seconded was after a short
discussion carried with one dissentient only.

It was next resolved to add 10,000/. to the reserve
fund, and a dividend of 3/, per cent. for the half-year
having been declared, the retiring directors elected, and
other resolutions of a formal character passed, a vote of
thanks to the Chairman closed the proceedings.

455
559
19,910
1,595

2,121
1,107

603
1,462

476
1,51 b
10,733
1,282
1,236
2,062
917
229

173
12,718
6,623

753
17,442
4,048
8,184
7,697
6,05 g
6,670
2,512
2,060