The Sun.
London, England, 1852-08-28 00:00:00

RAIL WAY INTELLIGENCE.

EASTERN UNION.
The half-yearly general meeting of proprietors was
held yesterday at the company's offices at Ipswich,
Mr. J. C. Cobbold, M.P , in the chair.
The directors' report, 'and the financial statement
(which have already appeared in The Sttn) having
been read,
The CHAIRMAN expressed his regret that the direc-,
tors had again to meet the proprietors without being
able to declare a dividend. lie also regretted to say
that they had met without an yarrangement having
been come to with their creditor
shareholders in a more satisfactosryspoossfistioton.p alschte t
wase
now clear that if the ordinary and '
holders could not in some way arrapngreeetrheniterhe differ-
ences,are" it would he impossible to extricate
com-
pany from its difficulties. If both classes of eshae
holders could be induced to agree to somereasonabler
propoFition, the company might not only be put in a
position to surmount its difficulties, but it might yet
hold a good place in the railway world, either as an
independent line or amalgamated with other compa-
nies. The Act of Parliament which the company
had obtained in the last session gave them power to
convert 250,0001. into stock, and a further sum of
78,0001. with the consent of the preference share-
holders. The directors believed that if they bad not
obtained those powers, they would not be able to
extricate the company from its difficulties. The
unfortunate jealousy which existed between
the ordinary and the preference shareholders
had as yet prevented this from being carried out, but
be hoped that some arrangement might be come to
at the approaching meeting of the preference share-
holders. The company had at present a debenture
debt of 6200001„ upon which they had to pay in-
terest at the rate of 5 per cent., making an annual
charge of 31,000/. They had also the power to con-
vert 250,0201. of " creditors' stock'' at a rate of in-
terest not exceeding 4 per cent. This would amount
to 10,0001. ; and then they had the power to issue
new shares to the extent of 77,8251., the annual
charge upon which, at 4 per cent., would be upwards
of 3,0001. In addition to those charges there was the
rent of the Stour Valley line, commuted at 9,0001.,
and the whole of those charges would amount to
55,1831. per annum. The terms originally proposed
to the creditors were upon a 3i per cent. calculation,
which would make an annual charge on the company
of 53,0001. before the ordinary shareholders would get
anything. It was manifest, therefore, that unless the
preference shareholders combined with the ordinary
shareholders the latter could not get any dividend. If
' this could be done he believed that the company would
soon be able to redeem their preference shares at par.
He regretted that the chairman of the Eastern Coun-
ties Company had not only vilified them, but had
made statements at variance with the facts. That
lion. Gentleman appeared to think that they
had broken faith with the Eastern Counties Company.
This, however, was not the case, for the Eastern
Counties Company had themselves virtually repu-
diated the arrangement of February, 1850, for the
Norwich traffic, and, so far from dividing the traffic
equitably with the Eastern Union Company, bad ac-
tually sent four-fifths of the goods traffic over the
Cambridge line, and only one-fifth over the Col-
chester
theline.
hadrd to the passenger traffic,
although
companies
their power to divert the trafficc Company
had done all in
agreed to charge the same
fares, the Eastern Counties
from the Colchester
line and to put it on their own, b
offering the in-
,. while
sh oile slow t they
ducement of quick and frequent s;r
worked the trains on the Colchesterlsiinnes
a —foobr
pace that the public could not travel by
lieved that an amalgamation of all the linest. Heine bthee"
eastern district would be the best course, not only
the proprietors, but also for the shareholders.
o
an amalgamation would be in no way similar to that
of the two great companies—the North-Western and
Great Western—because they had no great interests
common, whereas the Eastern Counties and
the Eastern Union had interests identical
with each other.—(Hear, hear.) The directors
of the Eastern Counties Company had stated
in their last report that they were willing to meet the
Eastern Union Company on the basis of what they
could earn. These terms they were quite willing to
accept, provided the line were fairly worked, and no
improper inducements held out to divert the traffic.
But to show the lengths to which that company were
going to get traffic, it was known that they had made
a secret agreement with the traders of Norwich to
carry their goods at a less price than it was arranged
they should be carried for over the Colchester line.
They had also endeavoured to divert the traffic from
the Eastern Union Company, by running their own
trains at nearly double the speed at which they
worked the trains over the Eastern Union line.—
(Hear, hear.) He denied that the Eastern Counties
Company had served the public in a fair and reason-
able manner by the mode in which they had worked
the Colchester line. The Hon. Gentleman concluded
by moving that the report and the financial statement
be received and adopted.
After some discussion, in the course of which the
CHAIRMAN stated his hope that the arbitration with
the Eastern Counties Company would soon be satis-
factorily concluded, the motion was agreed to, and the
meeting separated.

M. Marchand-Ennery, grand rabbi of the central
consistory of the Jews in France, died on Saturday last.
M. Liebig, the celebrated chemist, bas just been
appointed public professor of the University of Munich, and
director of the chemical laboratory. The salary has been
fixed at 16,000 f.

EMIGRANT Sun's.—One of the largest ships going
to Australia from Liverpool is the Ben Nevis, of 1,420 tons
register. She is colonial built, and it is stated by some of the
Liverpool papers that she is a fine vessel.

_ -
THE LATE COLLISION ON THE LANCASHIRE AND
YORKSHIRE RAILWAY.—We regret to learn that the boy
Greenhalgh died on Tuesday at noon, of the injuries he sus-
tained in the railway collision at Bullfield, Bolton, on Mon-
day, night. An inquest was held on Thursday, on view of
his body and of that of Bancroft, the signal-man, who com-
mitted suicide ; and evidence (confirming the account we pub-
lished) was adduced to show that the collision occurred
through the negligence of Bancroft entirely, as the guard of
the luggage train was on his way back up the line, with his
light, when the passenger train met him, then so near to the
train that he could not stop his engine. It seemed clear that
nearly all the engines were over tasked ; and the jury after
returning verdicts of manslaughter against Bancroft for the
death of Greenhalgh, and temporary insanity in his own case,
added the following to their verdict :—The jury cannot se-
paratep
ley e d withoute
n the
Leaxnperaesshs
ii nr
eg a
nt hde ixr•
eopinione tRh aa ti l
wt haev st efrrevma nt s em-
Liver-
pool to Bolton, on Monday, the 23d of August, were
totally
inadequate to met tha extraordinary demands uon them
consequent upon running special trains ; and also deprecate.
in the strongest terms the running of trains of such unusual
lengths, and with a deficiency of locomotive Pewerirtity ia
the same ; and, further, that there was great
irregnaamed, no
the starting and arrival of trains on the day beforehp_.„. of
less than seven trains (two of them numbering lei:
thirty carriages each), and extending nearly ml
accumulating on one line of rails Bbie to the safe and
dering an increase of servants indispena
effectual working of the line."
F FATHERS BURKE
liem"g7th ,
DUBLIN, FRIDAY.—ARREST Oye
AND CLUNR.—I have reason to "toethe county of Clare for
evening warrants were sent down
Father Clune, who are
the arrest of Father Burke andg
tbe Queen's troops at
charged with leading the attaace
current here last night that
at thethaotlatoona
the safe and
dering an increase of servants ludispensble tO
effectual working of the line."
OF FiUB BURKE
DUBLIN, FittDAY._AE&EST
ye that Ofl Wednesday
AND CLusse.—l have reason to belieb county of Clare for
evening warrants were sent down t,th& Clune, who are
charged with ltading th rent here last night that
the arrest of Father the Queen's troops at
Six-mile-bridge. A rep us course, and that, pend-
everend rioters had been
ing the procurement_ oettcaunis.
_Herald.
conveyed to the gaol r .0,
tShixe-wmairirea-nbtrihdgade.beAen
rtr.On Wednesday afternoon as
about to return from Barnet
SERIOUS ACCIPE
were
of ntlemen
;value.'" • nhy George Budd, coachman, in
a party ge . ~. the
MOS ,II ,..„1„, drive
property of Mr. Potter, of High-
street, employ re.e;riet,
rewa
jdesine
‘.. ~,.° Green Man, the coachman came into violent
eee.wf ibis gentleman, on driving out of the stable.
yard 0 . cli the
collision w.,; in consequence, knocked forcibly against the
top of the gateway, which is rather low,
:sont rdereibte,
:I
lief
,e..
back ,°' -He was as speedily as possible attended by
driving box, and thence precipitated to the
two- and subsequently sent to University College
gr°,,,ai ma",
seep itel but met,. no hopes are entertained of his recovery, the
expedition ..—F
spine T rose beingbroken.'
AMATEUR PERFORMANCES OF THE GUILD op
r TURA AND ART.—Derby has this week been honoured
with the performance of Mr. Dickens and the Guild, in the
, Sunderlanr4
Lecture Hall. On Monday evening they played at Not..
public dinner to
tingham, on Wednesday evening at Derby. The following
let September, act
are Monday,
o nt
dhaey,h, arrangements
Sheffield;for the
Tu
Tuesday,
concludingday ,3ist ,
day, 270, act at Newcastle ; Saturday, 28th
of the great Free
the Guild at Manchester ; Wednesday,:
at Manchester ; Thursday, 2d, openin-
,
Library at Manchester—Guild invited • Friday,
LAST ROBESPIERRE.—The last representative
LivTerpHEool. , 3d, act at
ofde aßenbaeempeicererlee,bdraietdedinin
jtuhneealnanetalastosfeln7t9ie3g,
he had been established nearly silt Santiago de
e Isidore
Chili, Justin
where
y years.
Advices from Hobart Town to the 18th of April
have bee received. The discovery of gold at Fingal, snd,
stancesthet h a t gradu
alother
tllhthe colonists
depositsin c rea increase
we o
oufwl d
et hhr
eee
fapepraponrddeuhcaet
apprehensive
osdni
v,ne
ni ndodef ur :et
lid
stille f
e h
ee i r
cbee lime:i
farther
scarcity of labour. The market for flour and wheat showed
a tendency to advance.
THE V n Marie
Amelie quitted Teigmuouth, where she has beentileesbdahinge
-X- -,ttrEEN OF THE FRENCH.—Queen
residing
during the last month, to attend, with her
sons,
nDuke d'Au-
de Nemours, the Prince de Joinville,
LForanuiseeP Chapel at
brated on the 26th instant at the Sepulchral
_.
the death of lung
Weybridge for the second anniversary of
male, the religious service which was godstethntatious ly cele-
brated
this pious homage his l7, and
B E T TI N G edS
hi:a:l.l;e-
-ly at the foot of the late
join the Queen and the Royal Fenn.
King's tomb.
to render
Several faithful friends came 0 overfr
oneTo another,
HINT TO HOUSE k-,,,
lof the betting-shop gentry are Usually
in —Severe.
they
in league together, at pieties take them as teannts so plausible a story,htennErlefser AS
os
t so defective are our laws that with-
out out suspicion, and
difficulty in getting them avoiding
serious
is the greates
We have a case before us to illustrate it. An
serious loss.
'sfortune to let a house some time ago to a
owner had the
misfortune
this
description. It is now shut up, has
nest of swindlers
for months, possession of it denied him, aod a
been so .
scoundrel pettifogger, in league with them, coolly tells him
~ you can do nothing till November, and unless you give us
a sum of money (besides losing all the rent due) we shall
keep you out as long as possible." The rent being just above
501. a Sear,
the County Court is not available; but the
owner intends to see what the laws against conspiracy may
do to punish such vagabonds, and we mention the circum-
stance as a warning to others. Some of our legal readers
maybe able t 9 Bite Chew II wield hint,—Builder.