The Sun.
London, England, 1852-08-18 00:00:00

- - -
Cs:27M] PLMEga
,1,1 .t. 44 • t*,tt '3
N°.18)692.] LONDON WEDNESDAY
61.2 A 6,.11
„1.0,
• A Dal ' NI 7
AUGUST 18 1852.

CAPTAIN PENNY'S EXPEDITION IN SEARCH OF SIR
JOHN FRANKLIN.

Just published, in 2 vol.;. post Svo., with Two coloured Charts by A.
Petermann, Six Plates (four coloured), and numerous Wood En-
gravings, price 275. cloth,
TOURNAL of a VOYAGE in BAFFIN'S
ey BAY and BARROW'S STRAITS, in the Years IESO and
1,,1, performed by 11. M. Ships Lady Franklin and Sophia, under
the coirimand of Mr. William Penny, in search of the missing Crews
of H. at. Ships Erebus and Terror : with a Narrative of sledge Ex-
cursions on the Ice of Wellingt,n Channel ; and Observations on the
Natural History and Physical Features of the Countries and Frozen
Seas visited. By PETER C. surnEßLxsp, M D., M.R.C.S.E.,
Surgeon to the Expedition.
" The dangers and uncertainty of arctic navigation are described
with more minuteness and elaborate detail in the work before us
than in any that has yet is'ued from the press • It would
hardly be possible to gat a minuter or more practically useful insight
into arctic life than these pages afford."—Literary Gazette.
• London : Longman, Brown, Green, and Longmans.

SECURITY TO EMPLOYERS.
TO SECRETARIES OF PUBLIC INSTITUTIONS,
CLERKS, STATION-MASTERS, RAILWAY. OF Fief ALS,
BANKERS' CLERKS, TRAVELLERS, AND OTHERS.
TIMES LIFE ASSURANCE and
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 Premium 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, _ .

. . . .
H. B. SHERIDAN.
TIMES FIRE AND PROPERTY ASSURANCE COMPANY.
Every description of Fire Assurance. Profits Divided.
Agents Wanted.

IL B. SHERIDAN.

IMPORTANT MEDICAL AND SURGICAL WORKS,
Just published, by H. Bailliere, 219, Regent-street, London.
No I.

Bvo., in cloth, price 55., by post free, ss. 6d.,

ON TRUE & FALSE SPERMATORRINEA ;
with the View to the Correction of wide-spread Errors
in relation to the Treatment and Cure of Sufferers from Debility of the
Generative System, or Sexual Hypochondriasis.
Translated from the German of Dr. PICKFORD.
"Dr. Pickford is known to English readers by his frequent practi-
cal contributions to German medical literature. This is the first
time, he informs us, that he has addressed himself to the non-medi-
cal reader. We trust this may not be the last, if he shall
detect any other equally flagrant evil which it may be in his
power to correct."—London Medical Gazette, May 30, 1851.
—" The editor has conferred a great boon on the sufferers from this
distressing malady by translating this little book, and by laying bare
the scandalous practices of unqualified adventurers, who profess to
cure a disease of which they know nothing, with no other object
than to fill their own purses. The difference between true Sperma-
torrhcea and the various forms of disease which resemble it are
accurately described, and thus a safe guide is offered for the
treatment of the malady "—Medical Circular, May 5, 1852.
—" We have delayed so long upon the contents of the preliminary
chapter, that we have scarcely left ourselves space for any notice of
the subject specially treated of by Dr. Pickford ; but the moderate
price at which the brochure' is sold, places it within the reach of
every one interested in the matter."—Dablin Medical Press, April
8,1852.

No. IL
Bvo., in cloth, price 3s. 6d., by post free, 4s.
THE CURE OF STRICTURE OF THE URETHRA, on Princi-
ples at once Simple, Safe, and Efficient, in even its most Inveterate
and apparently Intractable Forms. To which is added, PRACTICAL
OBSERVATIONS ON THE TREATMENT OF SPERMATORR-
IBEA BY CAUTERIZATION; its Inefficiency and Danger.
BY F. B. COURTENAY,
Member of the Royal College of Surgeons of England.
"Those who complain most loudly are those only who know not
how to use the common instruments
geons has been mar:ed with all kinds of violence, an indifference
about the simple cure of diseases, and a passion for operations and
all the excesses and horrors of surgery."—John Bell's Surgical
Observations.—" In pro3f of his views he (Mr. Courtenay) has
given the history of a great many cases successfully treated, as bad
as any which Mr. Syme adduced, and on which he had operated.
Such are cases ix., xi., xii., and xviii. No. ix. had resisted, for a
period of twelve years, the treatment by dilitation, and was finally
removed in as many weeks. But cases xviii. and xix. appear, both
in duratloi, severity, and complication of symptoms, of a more ag-
gravated character than any detailed by Mr. Syme, and yet the
treatment adopted by Mr. Courtenay proved eminently successful."
—Protessiz Lizars on the Treatment of Stricture.

THE COUNTRY MA ith..ET >ts.
IPSWICH, AUG. 17.
We had again a small market, and but little wheat on
sale; the growers were very firm in their prices, and an
advance of fully 3s and 4s per qr. must be noted upon
prices of last market day. A sample of choice new Tala-
vera, wheat brought 56s per qr. The crop of wheat, it is
now clearly ascertained, has received much injury, and
from two causes; first, the mildew or blight, rendering
whole breadths of land valueless to supply corn for
human food; and, secondly, the wet and warm weather
has caused the wheats to sprout. We had at market
several specimens taken from the sheaves very much
sprouted ; it must be feared the white wheats are all
more or less thus injured.
FIR QUARTER. PER QUARTER.
Wheat, red
Ditto, white oos to 00s Oats Oos to Ode
Barley
Ditto
Beans
AVERAGES FOR THE WEEK ENDING AUG. 14, 1852.
Wheat
Beans, •••••• 15 „ 32s Od
Peas
HULL, AUG. 17.
Messrs. Taylor and Bright's Circular states-The
following is a comparison of the imports into Hull to the
sth July, 1851 nut 1852:-Wheat, 1851, 98,376; 1852.
9,963; barley, 1851, 90,923; 1852. 36,752; oats, 1851,
20,914; 185'2. 5,717; beans, 1851, 18,040; 1852, 28,302;
peas, 1851, 7,805; 1852, 2,030; tares, 1851, 3,420; 1852,
650; lineeed,lBsl, 69,594; 1852, 87,679; rapeseed, 1851,
2,457; 1852, 3.791; oil cakes, 1851, 4,112; 18p5a2ss,
bones, 1851, 8,776; 1852, 11,525; guano, 1851, 1,069;
1852, 2,660. The weather during the week
has been various : on the Bth, 9th, and 10:h
much rain, which laid the heavy crops throughout this
district. Since then we have had dry cooling
with a good deal of sun, just the weather desirable to
follow the rain alluded to above. Harvest is now quite
general, and so far as we can learn, the wheat in point
of quantity " cuts up" well, but quality will be various,
and the yield, as well, deficient to the very splendid
crop of last year. There are some few complaints of
blight, mildew, and sprout, but they are by no means
general or serious. The trade during the week has been
characterised by increased firmness on the part of
holders, but by caution, almost amounting to inaction,
on the part of buyers, to that with a nominal advance of
2s per quarter in price asked, the actual business since
Tuesday has been quite inconsiderable. To-day we had
a large supply of wheat from our own farmers, and only
a small show of foreign samples, the late arrivals being
cleared off, and less offering from granary; the market
for both English and foreign must he quoted Is to 2i per
qr dearer, but very slow sale at the advance. The late
import of barley having got pretty well disposed of, the
market is firmer, and in some instances a trifle dearer.
Oats are the turn in favour of the buyer, but beans fetch
60 more money. A good demand for peas, but none of
fine quality on the market. Linseed maintains its value,
with but a small supply for the general market. Cakss
still improve, and no fine foreign remain unsold. No
import of foreign rapeseed, and rape cakes continue
scarce and dear. Any arrival of bones would meet
ready sale.
The following are the present prices of grain :-
S. 5.
Wheat, English, red 40 to 43
Do. white 44 - 46
Danizio and Ko-
nigsberg 42 - 46
Pomeranian and
Hamburgh .:...•• -40
Danish, Holstein, Ss
36 - 38
Friesland
Russian and Odessa 32 - 36
Oats, English ....... 17 - 19
Do. Danish.- ....... 16 - 18
Do. Friesland lB - 20
Do. Russ. & Odessa 15 - 18
Barley,malting 0) - 00
Do. grinding 23 - '2l
Beans 3O - 32
Do., foreign 2B -3)

B. E.
Peas, white and yel. 30 32
Do. grey
Linseed, Black Sea 44 46
Do. Petersburgh
Do. Riga & Archngl 3B 42
Do. Konigsberg
Per ton.
Lins. c., Hull 01 Os Od to 7/ 10s
Do. fine for. —.71 5s Od to 0/ Os
Do. inf. foreign... 0/ to 61 108
Rapeseed 23/ lOs to 007
Rape cakes...B7s ad to OOs 0
Tares, English OOs OGa
Do. foreign 25s -30 s
Guano ......... 4/ 71 to 9l Os
Bones,. do 9OB Od to 00,
I Rye Meal 71 Os

CORK, AuG, 16.

Barrels. • Currency.
O White wheat 00s Od to 00s 03 00s Od-20 ten
o Red wheat oos Od to 00s Od
0 Ditto oos Od to 00s Od ON Od-20 do
O Ditto oos Od to 001 Od
0 Barley Os Od to 00s Od
0 Ditto oos Od to 00s Od)} 00. Od-0O do
0 Ditto
94 Bere... —. Ps 8d to 10, Od Os Od
285 Oats Bs 8d to 9s 8d
s Od O
124 Ditto ...
0 Ditto
19
Prices:—
Pigs Quantitysold a t
theto Os
00$ Od to 00s Od 00s Od per cw t
0 barrels white wheat; 0 red ; 0 barley; 58 bare; 5 oats,
0 pigs.
Quantity of Grain and Number of Pigs sold last week :—e
Wheat, 1. Barley, 0. Oats, 1,463. Pigs, 0.
PRICES OF BUTTER.
CANT. CUARINCY.
First quality .......... ..... 73s First quality ... 64
Second quality ............ 70s Second quality ...... 6it
Third quality ............ ... 66s Third qua1ity...,........ 57:
Fourth quality ............ 64s Fourth quality .........
... s;',
Fifth quality ............... 52s Fifth quality ............... 433
Sixth quality ...... . 43s Sixth quality ............
... 34.
Return of Cattle
Slide for week ending
Wg. 7.
Pigs, 630. ep, 232. .
COAL—Flour—First 12s 6d to 131 Od ; extra 141 Od;
seconds, 10. 6d to 12s; households 9. to 10s 6d ; thirds, 7. to 91
per cwt. Oatmeal 10. , .
to 10.63. Indian meal 76 3d to 7s 6d•
7t Os 7 2 'wheat-
meal, 9s 6d to 10. per ervt.t Indian corn to 1s 6d pet ton.
Bran 72s 6d to 758 per ton. Hay—Farrners 14s Od to 255; &verso
038; dealers 00.0 d to 00.; average 0 A per ton. St. aw— Fftrmen
11. Od to 16. Od; average 00s; dealers 200 Od to 00* Od:
average 009 Od per ton. Bread—Wheaten loaf 6d to Od;
•
household loaf bd to Od per 41b. Fresh butter, 9d .0
103 per lb. E4s Od to 4s 2d per hundred. Coals—.
Newport 14s Od ; ggs— Lydney 15s ; Landore ON , • Culm,
128 6d per ton. Tallow 39s Od to 40s per ewt,
Whisky, 25 a• P., 51 9d per imperial gallon. Met t
—Bee 4id to 7d ; mutton 5d to bid; veal 4d to
7d ; pork 44 to Od ; bacon 6d to 7d ; sausages 5d per lb. Hops
818 s t° 9/ Os per cwt. Bangor slates 2/176 63 to 3/ Os per ton.
Bark, red 71to 8/10s
Hemp 291 t 341 per ton. Fleece wool . 16. to Oh per stone.
ditto, ° per ton. Fish—Scotch herrings 18s to 19s; red
24. to 00s per barrel . Newfoundland,10/ Os to 11/ pet
ton. Timber_me ~
ditto, 3/ Ibe per tomuel, 70s per ton ; red p , ins 315 s • yellose
Market 20s to 'll. de
„,8 ; deals, 151 to 181 per 100. i 1—
zo • salted
3d to Od per lb. 216 to 303 per cwt ,
• calf skin.
10d to 12d. Glum p:otatoes white 7d to 9d; pinks,
Archangel, 19s per barrel7vi"' 101 101 to 111 per ton. Tar—

Sir John Pakington arrived in town yesterday, from
his svat, Westwood-park,

RAILWAY INTELLIGENCE.
SOUTH-WESTERN.
The ordinary half-yearly general meeting of the pro-
prietors in the London and South-Western Company was
held yesterday at the Nine Elms Station. Trio adver-
tisement convening the meeting also; announced that
after the ordinary business was transacted, a special go.
neral meeting would be held to consider the report of the
directors concerning proposed extensions.
Mr. Chaplin, chairman of the board of directors, pre-
sided. The atteneance was not very large.
The report wets taken as read. On the question being
put that the report be received and adopted,
Mr. UPCROFT asked whether the present accounts
contained all the debts and liabilities of the company up
to the 30th of June last? and if not whet were the out-
standing amoinee.
Mr. Hoens (one of the auditors) replied that the esti-
mate future expenditure was 131,0001.; but he be-
lieved that would he exceeded by about 50,0001. if every-
thing was done contemplated and ordered. The ac-
counts, of course, did not embrace the works yet to be
(ddtt
ohuei
renMeendt
oahr.
made,
Hrah:rdee
chi c
directorsot dividendhoe
ea Tf
executed,
e
r calledtrh
nee
Unfortunatelypo rotero report
closing
bsutiiel
nnl
stwsi4oohBnoi ;
en
hat
bobet thedh ae
t6oprestimateptobep orree et
no predictiontr fds
n ovh e-
w
got, was a very questionableograthfele;eitlinritlederaehitaitaatifrtiabilectoefurdinettn.h7iss
of the directors, viz., of the attornies, the engineers, and
the contractors, were entirely opposed to those of the
sihoaorse ha os 1 db ear:
b; e tot
on d e
other
er
de s
inftow,was sduac hs
vrruinousills pc r eeo - -
m to
doe recom-
mended.—(Hear, (
to 1. Ho
reoaor,fhhear.)
put a porboeporki eot oproso htabde
directors to What
t
-selves by -eloeing the capital mount; but artless ILIAL
(the proprietors) get the powerful support of the London
newspapers, he didn't think they would ever be able to
manage this. He wished this question to be answered
by the chairmata—at what period did the directors them-
selves contemplate closing the capital account?
The CHAIRMAN did not see what grounds the Hon.
Proprietor had for his dissatisfaction. In 1848 the di-
rectors made a very careful estimate of the probable out-
lay that would be required previous to closing the capi-
tal account; and for two or three years he had, for the
board, repeated that statement, making the current de-
ductions each successive year. Last year he had not
had the pleasure of meeting the proprietary; but he
would willingly on this occasion go agaia into the matter.
They had received 8,722,516/.; they had expended alto-
gether
8,614,885/., and they had a balance of cash in
hand of 107,6311. Then he came to the liabilities. The
last estimate made was 640,830/, for all the works con-
tract( d for. They had spent, up to the 30th of June of
that 509,349/.; leaving to complete the proposed works
131,502/. In following out the estimates, experience
had pointed out many directions in which deductions
could be made, while on.the other hand, occasions had
occurred requiring works in excess of the aggregate es-
timate. A case in point, illustrating the !atter case,
might be mentioned. The great accumulation of car-
riages in consequence of the extension of the
line to 241 working miles had cpened the question
whether it was a wise economy to leave these
carriages without cover when standing in the winter,
having been used only in the summer traffic; and the
directors had taken on themselves to build a large car-
riage shed, buying a piece of land at the point where the
Richmond branch left the main line, going there to avoid
the heavy ground rent, which would not have allowed a
purchase nearer London. The cost was 7,0001., not cal-
culated upon; but obviously such an expenditure was the
true economy. Again, in consequence of the increased
traffic, it was found that additional water way was re-
quired at the Nine Elms station, with warehouses, to
conduct the business there properly; and that expense
was gone to. But, setting the unexpected outlays like
these against what had been saved in deductions from
the original calculations in other directions, he thought
they would be able to do the whole with the 131,5021.
This statement ought to be satisfactory, inasmuch as it
showed that at the outset there had been a very careful
investigation. (Mr. Uperoft—Yes, but the story as to
the dividends?)—(Hear, hear.) Since the old estimate
in question it had been resolved by a vote of the proprie-
tary to spend 16,0001. to go to Alton; 4,0001. on ac-
count of the North Devon, and 90,0001. to complete
the line to Andover. Well, after these things were
done with, there would be, according to his estimate, as
balance of cash in hand, 107,6311.; for unissued shares,
472,462/ ; for calls in arrear, 6,6811.; for calls not made,
188,798/ ; further borrowing powers, 110,5581.; value of
the surplus property left in band, 187,7011: making a
total of 1,073,8311. Deduct from this total the old esti-
mate of 131,5011, the 16,0001. for Alton, the 4,0001. for
'raw Vale, and the 90,0001. for the Andover extension,
and there would be a balance of assets over liabilities of
832,3291. He did not want just yet to touch on the sub-
ject of the special meeting, but he did not hesitate to say
this—that it the capital account should be closed—and
afterwards desirable projects presented themselvel—
there were twenty ways of opening a new account,
without mystifying the' general capital account by
mixing up old with now items,—(Hear, beer.) In re-
gard, tnerefore, to the proposition which would be made
at the special meeting, it they could not bring forward
a new capital account, clear of the old one, why they
would not touch the matter.—(Hear, hoar.) While on
his legs, answering the Honourable Proprietors, he
would go into the general subject. He thought that,
on the whole, their affairs did not look at all un-
satisfactory.—(Hear, hear.) He would not compare
this year with 1851, which was quite an artificial year,
as affected railways, but, taking 1850, he found that
from the Ist of January to the 10th of August, 1852,
they had a clear excess in receipts of 9141. a week,—
(Hear, hear.) This was a tolerable sum; and the result
evinced the wisdom of the liberal policy which they had
exhibited towards the public in regard to fares, Sse. The
increase in the goods traffic was proportionate: for in
the last six months they had carried 177,262 tons,
which was 12,000 tons more than in any preceding half-
year. There were also to bo considered the advanta-
geous circumstances growing up around them. Looking
to the influence of the junctions, giving them to South-
ampton a communication with the north of England, to
for shipping at SouthamptOn in connexion. with the the growth of the mail steam-packet service, to the calls
emi-
gration movement, he fancied be could see for this
company a very satisfactory prospect.—(Hear, hear.)
As to the expenditure he confessed it looked heavy,
but it was an exceptional amount. The last year,
with its great traffic, had brought a sudden great
since
direction h m e-
pressure en the machinery and stock; and the effect
in the wholeriw was,
of that wear and tear had only been felt in this half-
year. however, now glad to state, and he
said it advisedly, that there was a marked improvement
engines,
eesCost of
me-
chanical departmtehnet choaindpbaeheyn'aplinaceeedhiuhnedrYersti
of Mr. Beattie. In the reduced consumption of coke, in
the speed with which the heavy trains now travelled,
and in the diminutfioorn
giennetrhael seopi
satisfaction.lot
were great causes
mei king, taking the whole thing over the average of
miles worked, was only Sid. a mile; and this state of
things offered a fair comparison with the circumstances
on any other line south of London, which had not those
advantages in regard to the price of coal enjoyed by the
northern companies. The plant was altogether in a most
efficient c-lelition, and he believed they would get on
most satisfectorily this year.—(Bear, hear.) There ass
one matter which he could not pass unnoticed; he re-
f, reed to the pain and anxiety the directors had under•
gone in regard to the unhappy conduct of their old ser-
vant, Mr. Stovin. Mr. Stovin had served the compauy
from the very beginning, and unlimited confidence had
been placed in him by all parties. He (the Chairman)
had originally introduced him to the company, and had
been,
with members of his own family, security for him.
His health having become deranged, and his books
getting behind hand, the directors got him to go away
for a few weeks' relaxation, and, unexpectedly, he went
to America. Letters had been received from him indig-
nantly denying the alleged embezzlements charged
against him; and he (the Chairman) had written to him,
offering to pay his passage back, and begging him to
return, to plate: matters in a proper state. As yet he
(the Chairman) had not ascertained whether Mr. Stovin
had received that letter. The affair was still unsettled,
therefore; hut he (the Chairman) hoped it was still pos-
sible some explanation would be thrown over the con-
fused transactions in question, and that things would
turn out better than had been expected at first. As a
natural consequence of the affair of Mr. Stovin, other
irregularities connected with it had been discovered; and
the directors were at present in a difficulty with a Mr.
Ford, a carrier, who had brought large traffic to the
line from the western districts, who was debtor
to the company to a considerable amount in Mr.
Stovin's books, and over whom they had no clear hold.
The hold they had had was in the securities on property
which had appeared valuable and available; but it Row
His were
nothing further
appeared that he had got rid of this prop!rty
propriated the proceeds irreclaimably.affairsa d ap.
without prejudicing the
now before the Court of Bankruptcy, and
her
could be said about them as yet
result unfairly. In dealing with carriers like Mr. Ford,
either as wholesale or retail carriers, certain risks must
be run, for credit had to be given to them just es they
e • their own
the more they could manage to conduct
were wiped to give credit; but the directors. felt that
busi-
ness the better it would be for their interests. Accord-
ingly, they were determined to get such matters mo
into their own hands; and they bad a new manager re
jnin-
log them, indeed, that very day (Mr. Scott), who had had
great practical experience in the north, and who would
Mr. Uperoft
Carry out the new vine` le effectually.
had made an unkind allusion to their professional agents.
The law bills, indeed would seem to be heavy; but the
reason was
that at the commenceeaent of lost session
twenty notices had been served on lines connected with
their owe,
and all the matters to which these notices re-
lated had required careful watching
all charged to revenue (and, closing
array of twenty had been 'reduced to fourteen on the
meeting of Parliament; and though these expenses were
wasd by
connected.the eireu circumstances in Parliament. The
ac-
count. this proved thatas to
god teal more
closed than some theirs. was boasteda g ehaving
rinsed companies who
clmed their own complete] really un-
influenced capital
), the revenue was
de-
tailed the subject-matter of the Then there
notices.)
were law charges in co •
completely),
ells
oweithcwhhaiircrah
stnhitshee
unman with appeals on poor-
rateo-450/. having gone that
expen-
dituretiPn ce
way; and then there were

the compositions made to parties who had sacred from
accidents on their rails. He did not object to fair ex-
penses in that wre, ; but there wee no doubt that most
improper attempts were, in some cases, mace to extort
money from the company, and actions of course had occa-
sionally to bedefended. It was not always eisy to prove
who was and who was not a sufferer by an accident
to a train ; and when he mentioned that in me case the
parties alleging that they had been injarei refused to
see the medical men sent to them by the company, the
proprietors could imagine in what hands the directors
sometimes found themselvo s. On the wiole the law
charges were fair and moderate. The soicitors' bills
were all carried to the taxing master in the Court of
Exchequer, which was one guarantee for fairness ; and
besides this the company now employed slaw agent, if
he might call him so, to relieve the solicitor as to Par-
liamentary busine,s, so that all was done that could be
done to neutralise heavy demands of this kind. In
conclusion, the lion. Chairman stated that the direc-
tors were on the most friendly footing with the
Brighton Company, and were carrying out all the ar-
rangements, for the common traffic, wide with that
company.
In answer to a question from Mr. EDWARDS as to Mr.
Scott's (the new manager's) qualifications,
Mr. W. HARDING (the secretary) stated that Mr.
Scott had been employed by the principal lines of Scot-
land, by the Edinburgh and Glasgow, by the North
British (of which he was the sole goods manager), and
by the Edinburgh, Perth, and Dundee. All these com-
panies spoke in the highest possible terms of Mr. Scott.
Mr. EDWARDS protested against the directors not
taking a manager from among their own old officers.—
(Hear, hear.) He aslescourpirtoytefosrtedtheairoiwnsnt
otffihecesryss.telmheoyf
The CirAIRMAN-,YO
rite, again.—(Laughter.) In answer to questions as to
oughtt he di rteoc ttoarkse gtohien
the security which had been given by Mr. Ford, it was
explained that it had consisted of a bond for 4001. given
going
rat=lowacietAllia..)
by a lady, which she would pay. and of bills of ex-
change endorsed by good parties fn. 1,0001., a portion
of which was being recovered, and also of a moiety of a
lease.
A PROPRIETOR—What security does Mr. Scott give?
The CHAIRMAN—FOr 1,0001 on the Guarantee So-
.

ciety.
Mr. Uzn.u—The rule now is, to take only the secu-
rity of the Guarantee Society.
A PROPRIETOR—What is the total amount of Stovin's
defalcations?

The CHAIRMAN—The total amount is only 2,9201.,
and against that is to be set what will be recovered from
the sureties, and what may yet be accounted for on ex-
planation.
Mr. Sergeant GASELEE thought that what had oc-
curred indicated that a lax system prevailed in the ma-
nagement of the company.—(Hear, hear.)
Mr. HELPS addressed the meeting on the paragraph in
the report relating to the election of directors. He begged
it to be understood that ho was not placing his own
name in opposition to Mr. Sergeant Gaselee or to Mr.
Mortimer, but that he was acting in entire concurrence
with them. He was only a candidate on the supposition
that there was a third vacancy. The paragraph to which
he alluded was the following:—" In pursuance of the
promise given by the chairman at the adjourned half-
yearly geireral meeting of the 25th February last, two
vacancies at the board were announced on the 6th June,
which vacancies the shareholders will have to fill up at
the present meeting. The two vacancies were caused,
first, by the retirement of Mr. Aikin, a man of great com-
mercial experience and ability, who has been for twelve
years a must efficient director of this company; and, se-
condly, by the, lamented death of General Reid, M.P.,
a large shareholder, most assiduous in the duties he
assumed when he was elected a director, and endeared
both to his colleagues and the staff of the railway, by
the kind interest he took in all that concerned the just
treatment of the eervants, and the honourable conduct of
the company's affairs. Since the period of the an-
nouncement of these two vacancies, the directors regret
to state that the Right Hon. the Earl of Morley, the
able vice-chairman of the Board of Directors, has found
it necessary to relinquish his seat, in consequence of the
circumstances, in regard to the extension of this line
westward, which were the avowed reason of his having
joined this board in 1846, being in his opinion changed."
Now, they would all remember the circumstances under
which the promise was given that the vacancies in the
direction should be placed at the disposal of the pro-
prietors at large. It was to be something in the way of
a compromise, or, at least, of a concession, to the 900
proprietors who had complained that they found it
impossible to obtain any share in the management
of their affairs. It was to be an act of grace—
something more than the law would have compelled
the directors to do. The lion. Gentleman who
had made the promise on the part of the directors (Mr.
Smith), said that two of the board would retire abso-
lutely—that they would resign and not offer themselves
for re election • and that the vacaeciea so caused would
be placed at the disposal of the sbareholdees— Now,
had that promise been performed? He would not say
to the le:ter, for he should be the last man in the world
to hold any one to the mere letter of his promise. But
had it been kept in the o-pirit?—(llear.)
The CHAIRMAN—Mr. Aikin retired for the very
purpose.
_ _

- Air. HELPS was aware of that. He would not deny
that there bad been a partial performance; but a pert
was not the whole; and it was this to which he wished
to draw the attention of the company, and, if necessary,
of the public; ho did think that this was a question
of social morality not unworthy of the attention of the
British press.—(Cheers.) Had the directors substan-
tially performed their undertaking? He maintained
that they had not; for the vacancy caused by the death
of General Reid was one that was entii:ely out of
their power to fill up. It was true that in the ori-
ginal Act the power to fill up the occasional
vacancies caused by death, resignation, or the like, was
placed in the hands of the board; but in a subsequent
Act that was repealed, and the power was 'conferred on
the shareholders at large, to be exercised by them at
time prescribed by law, namely, at the first half-yearly
or special general meeting held afterwards—that was,
in the present case, at this very meeting.—(Hear, hear.)
This seat had thus been placed at their disposal, not by
the act of the directors, but by the act of the law. 110 w
then could the board take credit for it as a part perform-
ance of their promise?—(Hear, hear.) If there was any
dispute upon the point, it ought to be decided, not by
the board, but by the shareholders, for it was so
ele-
mentary a principle of morality, that the interpretation
of a pr,,mise
.should rest, not with the party by wh°°3'
but to whom, it was made, that he was surprised
.that
the directors should require to be reminded of It.--
(Hear. hear.) Mr. Helps then
proceeded to criticise the
passage relating to the resignation of the Earl of Mor-
ley, and after some conversation as to the date at which
it had been received, he concluded by urging upon the
meeting either to insist upon having another seat placed
at their disposal, or in some other manner taking the
matter into their own hands.

Mr. SMITH admitted the truth of Mr. Helps's state
ment of what he (Mr. Smith) had promised to a body o
vacancyr
thewis
wish
shareholdersthey
had
expressed
p there
s
seldastto have an infusion of new
blood, as it was termed. into the board; but
meeting, in deference to a
time none of them could have anticipated the death of
General Reid
mined to
, who was then as likely to live as any 01.
them. By the Gallant General's lamented decease, one
porthieetro.—(
terial way created, and they had made another.
board had taken, for he did not think that they
Surelytbat was a substantial fulfilment of their promise.
Mr.
should"'
them. Sergeant GASELEE regretted the course which
had
fully carried out their promise. This was evident, for
how long
him laugh.) It was, however, perfectly itee3a
, could General Reid offer himself for rwelec-
tion?_(A.
(the Learned Sergeant) what they deter-
Which te do, as he did not intend to use the proxies
had been entrusted to him, either one way or the
Hear, hear.) Still ho recommended the proe-
emeramAN really ow
to take the matter into their own hands, and he
should give his single vote for their dealing with the seat
someThePwaY.—(Hear, hear.)
the shareholders a p r oompnieos et
ttchneaAtwthboenyb A been am.
m.aged by y had
given the course taken by the board. e
ity they had, and he h dhy vv u
atuancPportunity of electing two directors. That oppor-
ld be content
with it. If they wanted the board to be reduced, which
d
was a very popular idea—(Hear)—the directors would
not object; but if they determined to elect a new memke-
,_!r) he was sure the board would do their best to . ma
worked.—(LaughWith ye-
nta:l comfortable and happy.—(Laughter.)
sPect to he had that morning
Lord Morle 's retirement,
under which he had since been suffering.
should have
received a letter, in Ywhich his Lordship intimated that
his determination bad been confirmed by the ill health
chairman's) was that they shoal
advice to the meeting
not elect a substitute for the Noble Earl at present. Let,,
His (the
them wait a little and see how the "new blood
wo
- Besides, there were several
large ter.)
steam navigation companies settling at Southamp-
ton,
eaPPen that a good mercantile man
Lton, and there was also the dock company. It might
might be found to
represent these at the board who would be able to unite
and and advance their mutual interests.—(Hear, bear.)
At the same
time it was proper to assure them that at
present they had no such a colleague in their mind's eye.
After a few laexpanations upon items in the accounts,
townane
h
A PROPRIETOR siked what was the length of credit
given to the carriers?
from the station of the company
three months.
" Atsubruesrpbosnosfibmleitpeahratmy,, ltoacsalel
The CIIAIRMAN—When the security is good we allow
Another PROPRIETOR then drew attention to the fol-
lowing Paragraph in the report:--
and
at Wimbledon to Mit_
cham, a distance of two miles, on a perfect level,
yffeirnetderteestreedoilne tahebr
with-
out any interposing cutting, embankment, or obstruction,
on a guaranteed rent from this company of 1,5001. per
I annum, being at the rate of 5 per cent. on computed
cost. This branch will be capable of being joined with
a branch which the Brighton ComPanY have agreed to
make from Croydon to blitchain, on certain conditions,
with the same party who has made the offer in question
to this company. The directors, seeing the very attrac-
tive nature of the building property between Croydon
and Wimbleden, recommend the proprietors to authorise
them to take uthe project at any time during the next
year, when it may appear expedient to do so, and mu-
tually satisfactory terms among all parties can be ar-
_

the terms
iencoeel.en,e,t.
cent., it
expenditure of catta to the company, and be
were h 0
nt oi
only
thea ti )
concurredclaveu wit
t hso
ipre
debentures
acheenatt. a
resn verye
additional ranged.
bu on ufrid rorhu. obliet dezd,
Rlayanpdo: "rill productivelocal
feeder nea
in
anoonp.ulGouestitnieemigal:
high. the
_ When they consi-
deredwas perfectly monstrous. should like to know who
the gentleman referred to was?
The CHAIRMAN said there had be
from Wimbledon to Wandsworth and bean
a line
proposed
in
thinking
that
Croydon, by a se-
parate party. This was looked at by several parties, and
amongst others by Mr. George Bidder,
have a large property at Mitcham.—Gear,
happened to
Mr. HERAPATEL—WO know he is a goodr anr"
laugh)
The CHAIRMAN—The scheme also
aacame before
bofore the
board. At this time the Crystal Palacem w
tapis, and the desirability of taking itto
Kow..aosr ;on the
other part of their own domains, was under considera-
tion;.':lawile
but these plans were superseded by the Brightonßailway, and so all chance was lost of the South-
Western making making any arrangement. Nevertheless, thei
lino being in the direction of the Crystal Palace, the
question still remained whether some satisfactory terms
could not be come to with the South-Eastern, that might
still make it worth the attention of this board to enter-
tain the project. At all events, it ought to be recol-
lected that if nothing substantial came from the South-
Eastern which might make it worth the while of this
company, nothing would be done in the matter.—(Hear.)
A PROPRIETOR suggested that it would be best to
strike the passage out of the report.
Another PROPRIETOR thought that if they were to
make the line at all, they ought to make it themselves,
and borrow the money at 3i per cent.
A VOICE—How can you, if your capital account is to
be closed ?—(Hear.)
Dir. HERAPATH moved that the paragraph be ex-
punged from the report. He had also been informed
that a report had been made by Mr. Peter Clarke upon
the working of the Nine Elms station, and that he had
pointed out how 1,800/. a year might be saved. Was
that correct? Again, it was stated that the secretary had
given evidence before a Parliamentary Committee upon
the Woking Cemetery scheme without the sanction of the
board. He should like to know whether that rumour

was true?
s so like a former plan
scheme was a new one,
it
wa
by the board, that
which h had been maturely considered. .
w much examination. Their secre-
taryit had not required so
h t. h h
had been instructed to meet t e par los w en t ey
The CHAIRMAN said, that although the Woking
and also to give evidence
Committee. He could assure
cbthaeemfoeHreot company were. pledged to
e not pledged to ive up any
nothing—that they war . . g
by which
land, or to any sort of condition or agreement
be fairly remunerated. They had agreed
they would not
that a train should be run daily, and that for all other
should be paid at their own discretion. He
matters they
could assure the Hon. Gentleman that the board were not
tonh. the York
naYtr
eirmakma. road
ennttha
Parliamentary
offs f fit
he ee ,
bound to anything from which he would wish them to
depart.—(Hear.)
Mr. HERAPATH Still pressed his motion respecting
the Mitcham line, and expressed a fear lest they should
be Bidder-ised altogether'—(A laugh.)
Mr. UPCROPT seconded the motion.
Mr. MALINS said that by the terms proposed they
would avoid all Parliamentary expenses, and that it was
a very cheap bargain . O
—b.) He had had some expe-
rience in a similar case, in which the proprietors had
been made to pay after the rate of more than 10,0001. an
acre.—(Hear, hear.)
The CHAIRMAN thought that gentleman ought to be
satisfied with his promise that the directors would do
nothing with the line until they again met the proprie-
tary.—(Hear. hear.)
Mr. DICKENSON condemned the idea of this line as
altogether ridiculous.
The new Crystal Palace would
excite at first, very likely, a popular furore; and to meet
the rush a line was already in existence which would
reap all the advantage. But by that time the South-
Western's branch was ready that furore would b 3 over;
and there would be no traffic.--(Hear, hear.)
Mr. LoCKE, M.P., thought it was an error in the di-
rectors to meet this point at all in the report, since the
paragraph led to nothing.—(Hear, hear.) Were the
question as to this proposed line really before the meet-
lug, he would certainly say that the terms were too
high.—(Hear, hear.) But as no sanction was asked, and
as nothing was proposed, the amendment was unneces-
sary, and further discussion of the subject would be
waste of time.
Mr. ADDISON differed entirely from Mr. Locke. If he
knew anything of the customs of corporations, he was
sure of this, that to agree to the report, this paragraph
included, would be to give the directors authority to
undertake this new line.—(Hear, hear.) He objected
completely to the proposed guarantee. Guarantees had
been the ruin of railways.—(Elear, hear.)
The CHAIRMAN said, that as the wish of the meeting
appeared to be that the paragraphs in question should be
struck out, the directors would have no objection.
The objectionable paragraphs were agreed to be
erased, and the report was then unanimously received
and adopted.
After some discussion on a resolution of an unimpor-
tant and unanimously-condemned character, proposed by
Captain Moorsom, a resolution was carried declaring a
dividend at the rate of 34 per cent. per annum, payable
on and after the Ist September.
A conversation having again arisen respecting Mr.
Stovin and the system pursued by the company as to
sureties for their officers,
Mr. SAINSBURY asked whether the solicitors of the
company were of opinion that the surety provided by
the Guarantee Society was preferable to individual
sureties? (Mr. Sainsbury referred to a case in which
the Guarantee Society had attempted to evade payment,
and had been defeated by the verdict of a jury.)
The CHAIRMAN observed that they had been exceed-
ingly pleased with the Guarantee Society's
way of doing
business. Its inquiries ass to the •
parties were most
rigid, and the company had never had any difficulty in
the settlements with it, and they had had several.
The SOLICITOR said the matter had been brought be-
fore his notice very soon after the establishment of the
Guarantee Society. He must confess that he very much
preferred the simple form of bond taken by the company
from two sureties.—(Hear.) At the same time he was
not prepared to say that the guarantee
policy was un-
safe. Of course, as he had drawn up the old form
of the bond, he was rather prejudiced in its favour,
and there were certainly a good many •
provisos in the
policy. But the policy could hardly be said to be so in-
secure that he ought to advise the company to refuse it.
.—(Hear, hear.) One objection to the old bonds was,
that they required the assistance of a lawyer, which en-
tailed upon the clerks an expense which they could ill
afford, and from which the policy was free. It was a
desire on the part of the board to avoid the necessity of
professional advice, that the society's guarantee was
adopted in preference to others.—(Hear hear.)
The resolution declaring the dividend was then
agreed to.
Mr. TITE then proposed, and Mr. BAKER seconded,
that 7-e.r. Sergeant Gaselee be elected a director. Carried
almost unanimously.
A PROPRIETOR proposed Mr. Hutchins, bat that gen-
tleman withdrew from the contest. As , there were only
two vacancies to be declared, ho did not wish to contest
either with the Learned Sergeant or with Mr. Mortimer,
who had polled such a large number on the last occesion.
Mr. BAKER and Mr. HERAPATH proposed and se-
conded Mr. Charles Smith Mortimer, whose election in
like manner was carried all but unanimously.
A PROPRIETOR asked whether Mr. Mortimer would
woik harmoniously with the other directors with re-
spect to the Central Railway?—(Laughter.)
Another PROPRIETOR observed that on the last occa-
sion Mr. Mortimer had given a sort of promise that if
elected he would withdraw from the Stock Exchange.
Would be now fulfil his promise?—(Hear, hear.)
Mr. BAKER, in the absence of Mr. Mortimer, would
explain the matter. A man might be a barrister and
yet withdraw from practice, and so in like manner a man
might retire from the purchase and sale of shares, and
yet continuo to bo a member of the Stock Exchange.
Mr. Ntux Limor jut; tiy nnnaidered hie coemb...mnip
honour, and from that he would not retire, but he would
give up all business in shares.—(Hear.)
Sir RAYMOND JARVIS, who was oa the list of candi•
dates, retired.
Mr. HELPS thought the proprietors were bound, if
they did not wish to be disfranchised, to deal with the
third scat; but as he was in favour of a reduction in the
number of directors, be could not consistently offer him-
self as a candidate. If, however, the shareholders, in
order to assert their rights, chose to elect a third direc-
tor, he was perfectly willing to serve them, and, if
elected, he would serve them faithfully, and, if he pos-
sibly could, well.—(Hear, hear.) It was not his inten-
tion to oppose either Mr. Sergeant Gaselee or Mr.
Mortimer.—(Hear, hear.)
The CHAIRMAN—Then it is my duty to declare those
gentlemen duly elected.—(Cheers.)
Mr. Sergeant GASELEE, in returning thanks for the
honour which had been done him, alluded to the abuse,
he meant to say the opposition—(A. laugh)--he had re-
ceived from Mr. Tite, and from a certain periodical
which had attacked him week after week when ho was
abroad, and could not know of it. He hoped the latter
would now take some other subject who
was not quite
so stale --(Laughter.)
TITE expressed the high opinion ho entertained
for Mr. Sergeant Gaselee, although he had often been
opposed to him. He was quite sure that the Learned
Sergeant, now that he was on the other side of the table,
would think the same as the board.—(Laughter.)
Mr. HELPS insinuated that the board were keeping
the third seat for some person they had in view.
The CHAIRMAN said they,were only keeping it for the
shareholders. They had not at present the slightest
idea of a candidate, and Mr. Helps' opinion of them
was not a very liberal once—(Heer, hear.)
Sergeant
The meeting was made special, and Mr. took
Gaselee, in obedience to a call which was raised, mr,
his seat at the table amidst considerable a
PPlaueshe.olders'
Helps demanded a cheer for " the first sharoaded to
member that ever sat there," but it was reap
with cries of " Oh," and some hisses, , _eating outs
[The report prepared for the opeel"
taken as read.] meeting would give the
The CHAIRMAN thought the
e thing, and that was
directors full credit for at least 011 promise, not to do
for having faithfully held to their respect tO near works
anything directly or indirectly with

without having their concurrence. The question for
their consideration on the present occasion was, the ex"
podiency of making a new line from Basiogstoke through Salisbury to Exeter; and when they were told that in
the district from Sqlisbury to Exeter, which was 89
miles long, and in soma places more than 53 wide, there
was no direct railway communication with Landon, they
would readily imagine the anxiety which was felt by the
inhabitants as to the fate of the proposition. The popu-
lation was daily decreasing, and the agriculturists were
suffering greatly for the want of such a communication,
so that they might well suppose that both the landed
proprietors and those engaged in trade and commerce
took the liveliest interest in the scheme. The company
had determined on a former occasion to adopt this very
lino, which they all knew was legitimately their own. It
was legitimately their own district, inasmuch as they
had obtained an Act of Parliament to make the rail-

way; htitfronaadverse circumstanus it had been post-
poned. In the first place they had to contend with the
absence of money, and a panic in. the commercial world.
They had seen the first houses falling, and the most re-
spectable merchants ruined. They had also had a famine
in the country, plague and pestilence at home, and revo-
lution abroad—all of which had tended to render the
completion of the plan they had contemplatedimpos-
sible. The value of the scheme was proved by the steps
which had been taken by their competitors, who had a
line already from London to Bristol and Exeter, and
who had positively given their board power to take the
preliminary steps to make a railway from Dorchester
to Exeter. When they reflected that the line they pro-
posed was 197 miles long, whereas the plan of this
company was only 171, they would no longer
doubt
that the preference ought to be given to the central line.
—(Hear, hear.) Again, if they even took the coast line,
i there would be no security for their traffic, because no
man would leave the centre of the country to go to the
?oast, because he would have 30 miles to travel to get to
it. The population would therefore pass over to the
Great Western line, and go north; so that, by that plan,
they would only have a large sum of money expended,
and their property no securer. But-it did not stop
here. If they would consent to be passive, they would
not only lose that which they might fairly expect to ob-
tain, but also that which they already had. And this
was the most powerful argument that they could use.—
(Hear, hear.) The proposed railway, which would only
cost 1,100,0001, was precisely the same plan which was
to have cost 2,250,000/.—(Hear, hear.) Objection had
been made to the Mitcham line, on the ground that the
money was proposed to be spent through the agency of
the engineer. But there was a certainty about the con-
tract system which would reduce their liability to a
given amount. If they were to have the line formed for
1,100,0001., and if the South-Western were to work it
for 50 per cent., they would know what they were likely
to have to divide amongst the shareholders.—(Hear,
hear.) Another great advantage which the proposed
scheme would confer on them would be the traffic which

it would bring upon their line to London. If the Dor-
chester line, which was 63 miles long, and produced
53,2701. a year, gave the main line 35,3251, the central
railway, producing 90,000/, a week, would give them
63,0001.—(Hear, hear.) In conclusion, he thought that
they could not have more favourable terms cffered them,
and he trusted that they would encourage the directors
to make the line.—(Hear, hear.)
An Hon. PROPRIETOR would venture to suggest an
arrangement that might be less objectionable than that
contemplated by the directors; that the company should
make the line themselves, with their own money, and
that the landowners who were calling for it should gua-
rantee them a minimum interest of 3} per cent. on the

outlay.—(Great laughter.)
Mr. DICKENSON was surprised that this matter should
have been brought on at all at this meeting, seeing that
it had been so fully discussed on the last occasion. He
had the same amount of property exactly in the Great
Western which be had in the South-Western; and as his
interests were equally balanced, his opinion against this
proposed extension might be regarded as tolerably im-
partial. The Chairman had spoken as if the South-
Western was acting on the defensive in such an exten-
sion, but he (Mr. Dickenson) knew as a fact that the
Great Western had no desire whatever to engage in any
fresh line to reach Exeter.—(Hear, bear.) The question
for the proprietors in the South-Western was a very
simple one: Were they prepared to go into the forma-
tion of a new line upwards of 100 miles in length?—for
it was not merely from Salisbury to Exeter, but, in
fact, from Andover to Exeter.—(Hear, bear.) It was
great folly in the directors to rely upon a body
of landowners. No doubt they wanted the line, but
they wanted to make money by it; and from
what he (Mr. Dickenson) knew of country gentlemen,
he was sure that the lords and squires in this case would
get the uttermost farthing they could for their land.—
(Hear.) If those lords and gentlemen were in earnest,
they could go into the money market and get all: the
necessary money they wanted on their own responsi-
bility. But it was a very different thing to get the
South-Western into the speculation, pledged, too, to
work the hue, and to hand to those individuals the first
profits, if profits there should be, of which he cutei tamed
great doubts, for, of course, if thus challenged, the Great
Western would at once take up an opposition.—(Hear,
hear.) Lot the line be made by an independent com-
pany, and he would.have no objection; and then let the
two companies (Great Western and South-Western)
take their chance. What was the Soul-Western to do?
It would have to carry on the competition by lowering
the rate of fares from Exeter to London, and that would
lead to a reduction for all passengers on from Salisbury
and intermediately from Andover, for it would not do to
have different rates.—(Hear, hear.) As he saw the
thing, this company was to be at all the risk, and was
not to have the first benefit.—(Hear, hoar.) He regarded
the calculation of the directors that the work could be
done for 1,100,000/. as a chimera; for there never was a
railway contract yet which had not been exceeded.—
(Hear, hear.) He would oppose the project to the last,
and even to Parliament.
The CHAIRMAN reminded Mr. Dickenson that the
contractors were of undoubted responsibility and repu-
tation; and there would be, therefore, this enormous
advantage about the undertaking—that the company
would know exactly its liabilities.
Mr. EAGLESFIELD (of Bristol) had no shares in the
Great Western, but he utterly disapproved of this ethxe
-
tension. He did not see how they were to ra i
capital. The landowners were to be the class A. is
and t
there was to be a class 13 the South-Western would have
to give a second set of guarantees, or the
•ny while the
course, never get rid of the shares. Agal
bepaid
line was being made, interest would have to on
the capital borrowed; and that interest wouldetar be so
much deducted from the dividend of the ppry of
the South-Western.—(Hear, hear.) Ho wanted the
South-Western to stick to what they bad got. and to
make the most of that. The property bad been damaged
greatly by these proposals of the directors.—(Hear.)
The CHAIRMAN put the hon. proprietor right as to the
payment of interest. Half the capital would be raised by
the district; and there could be no interest payable du-
ring the construction of the line.—(Hear, hear.)
Mr. UPCROFT prophesied that this extension would
lead to a new battle of the gauges.—(Hear,
Captain MOORSOM delivered a long lecture, which he
demonstrated secundum artem upon a map pinned up to
the window-blind, upon the coast scheme which he
brought forward last year. He concluded by proposing i g
a
a resolution to the effect that the directors be requested
to make arrangements with the promoters of the coast
line, by which, under certain restrictions, they might,
an outlay not exceeding 200,0001., secure a continuous
line from Dorchester to Exeter.
A confused discussion taking place here, several pro-
prietors asked, e What is the question?" and it was un-
expectedly found that no question had been put from the
board, and that consequently Captain Moorsomt'ne
ebythe
direc-
tors.
propo-
sition was to be regarded strictly as a substantive motion.
Mr. HARDING, the secretary, was called o
Chairman to read the resolutions prepared by
h
r sf obl leo
awust
:h—
-, ,
That They
orised and requested to cen-
wd
elude an htehye
directors
a arrangementetos with the promoters of the Central
Linei of Railwathey
Extension xtteeri ams iso mu efLointneu in end report this
Saliebure to r.,.....
ipon tat
ugstiw
slo-
day submitted to the special general meeting of the
proprietors, and to
take,
bringing to concur with any other
parties in taking, all such measuresngin andg the as
centrali n their
linejudgment b
before
Parliament in the ensuing session."
may be necessary for
" That the directors be also authorised to concur with
any other parties in promoting the formation of a line'
from Bridport to join the proposed central line n_oeianrpAsnx;
minster, to the extent of a subscription by this e .
not exceeding 50,0001." daY of SeP-
" That a meeting be summoned for the
_,
receiving
tember next, at one o'clock, for the purp u`
and considering a report from the direct:C:lle 012 the Br-
-1 to be con-
rangements for raising the necessary Pt
tributed by this company towards
titer in relation
lines, and for authorising all stle__, eenerally, as may
thereto, or to extensions in the woo =
be considered most advisable.ben
formally put, and dis-
bthrbefore-mentioned
The first resolution was t
cussion was taken on that a
angry attack on the policy
Mr. EDWARDS made B
:old Conoltlded by suggesting
tsucedspbtysimodify his proposal into
pursued
ointment of a committee of 24 to in-
a motion for the app ftlbject of the western extension.
theaxdoiorresotors;b
vestigate the wholees could not adopt that suggestion. A
1 Captain It°,°', ady sat, and had reported in favour
committee had atrO
sion; and he thought they couldn't go on
of the eaten committees while an enemy was at their
for ever with
very doors.
alr. LIADLEY also spoke against the proposed line as
objectionable in every particular.
.151 r. LIERAPATH spoke to the Same effect. Ho could
find no reliable data for the statements of the report. If
they went into this mad scheme they could only expect
to involve themselves in interminable hostilities with the
Great Western and the Bristol and Exeter.—(llear,)
Mr. LOCKE stood in a peculiar position in regard to
the South-Western Company on this question, and he
desired to offer a few explanations. There Was
no
bene-
fited that the landowners in the district would be by and had an interest in the contemplated exten-
sion,
and he confessed candidly for his own part
posses-
sing as be did landed property in that directi on, that
he looked mainly to his own interest in this mat-
ter.—(Great ter.—(Great laughter.) Having made this adinm7s-
ision, he hoped he would for the future
. escape those accusations as to motives which were too