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

'%
ry
AUGUST 13) 1852.
N0.18,688.] LONDON, FRIDAY E E N #l.
i 9

LIFE ASSURANCE.
r w PROPER FY ASSUUANCE and TRUST
SOCIETY.
30, Essex-street, Strand, Landon: and 19, Princess-street,
Manchester.
Subscribe: Capital, 750,090/., in 5,000 Shares of 501. each.
LONDON 1-sOARD.
DIRECTORS.

Ralph T. Brockman, Esq.
Beni. Ctn. .dler, jun.. Esq,
Edward W. Cox, Esq.

Jane 3 Arnelulay, Esq.
II my Paul, Esq.
10but Yuung, E,q.

AUDITORS.
E. E. P. Kels. y, E q., Salisbury.
James Hutton, Esq., Aloorgate-street.
BANKERS.
London and Counts. Bank, 21, Lombard-street.
STANDING COUNSEL.
,Henry Stevens, Esq., 7, New-square, Lincoln's Inn.
CONSULTING ACTUARY.
Francis G. P. Nelson, Esq., 25, Pall-mall.
MEDICAL OFFICE I.
Dr. .IlPC.mn, Pari,ament-street.
SOLICITOR.
William Colley, Esq., 16, 13,,cklersbury.
PROCTOR.
H. Pitcher, Esq., Doctors'-commons.
ACTUARY AND SECRETARY.
William Nei on,

MANCHEAT:
DIREC

'ER BOARD.
3TOR3.

Nicholas Earle, Esq.
Isaac Hall,
W. 11. Partington, Esq.
James Strut, Esq.

Thomas Taylor, Esq., Norfolk-
street.
G. 11. Withi igton, Esq,
Thomas Whitl.Mr, Esq.

BANKERS.
Sir Benjamin Heywoo 1, Bart, and Co.

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

SECURITY TO .E.AIPLOYEKS.
TO SECRETARIES OF PUBLIC INSTITUTIONS,
CLERKS, STATIO:g-MASTERS, RAILWAY OFFICIALS,
• BANKERS' CLERKS, TRAVELLERS, AND OTHERS.
TIMES LIFE ASSURANCEand
GUARANTEE COMPANY.
32, Ludgate-hill, London.
GUARANTEE FOR FIDELITY OF TRUST.
PROFITS DIVIDED,
RATES—From 7g. 6d. per cent. upwards. No charge for Stamps
An allowance ma to 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. SHERI!) kiN.
TIMES FIRE AND PROPERTY ASSURANCE COMPANY.
Every descriptioa of Fire Assurance. Profits Divided.
Agents Wanted.

11. B. SIIEETDAN.

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

Age
41
Is 3. d.
A3gse £2 s. d 6. Asgoe X 4 al. d 2.
25 1 17 0 40 2 15 5 55 5 1 0
30 2 1 5 45 3 6 0 60 6 5 10

The Court of Directors are authorised by the Deed of Settlement

o advance money on the security of Policies in this Association.
EDWARD DOCKER, Secretary.

NATIONAL ASSURANCE AND
INVEST \LENT ASSOCIATION, _

gar-square. London.
7, St. Martin's-place, Traits]
The investment of money wits this Association, which was
established in May, 1844, on a plan peculiar to itself, secures equal
advantages to the surplus capital of the affluent, and the provident
savings of the industrial classes of the community, and affords an
opportunity for realising the highest rate of interest yielded by first-
class securities, in which alone the money is employed.
Moneys deposited with the Association, for Investment, are
exempt from liabilities on account of life contingencies, as well as
the expenses of maoagement, which are borne by the Life Depart-
ment, in consideration of the business brought to it by investment
transact.ons ; therefore, Depositors enjoy the entire profits yielded
by their capital free from deduction of any kind—an advantage
which no other Institution, either public or private, holds forth, or
can afford, to its members.
Interest or Dividend. is payable half-yearly, in January and July.
Capital Stock, £lOO,OOO.
The Capital Stock is altogether distinct and separate from the
Depositors' Stock in the Investment Department. It constitutes,
with the Premium Fund, a guarantee for the engagements of the
Association, and has been provided in order to render the security of
the Assured complete.

BETTS'S PATENT BRANDY.
The highest medical authority recommend Brandy and
Water an the best customary Leverage, and particularly as an
efficient preventitive of Diarrhceatic Complaints at this sea-on.
They eqatlly concur in preferring BETTS'S PATENT BRANDY
a the purest and most wholesome. It is unequalled for preserving
Fruits, home-made Wines, Sce.
Sold throughout the Kingd rm, by respectable dealers, in glass
boAles, protected by the Patent Metallic Capsules, and at the
IBIS ILLERY, 7, S nITHFIELD-BARS, in dozens, bottles and
cases included, at 18s. per gallo ; or in stone jars of two gallons
and upwards, at 16s per gallon, pale or coloured.

"Divide about the bmade bride cake,
Round about tile bride's stake."—Ben Jenson.

WEDDING BREAKFAST proviied entire,
in Town or County, by Messrs. PURSSELL, Cornhill, near
the Exchange, including Wines of the rarest vintages, and the hire
of plate, china, servants, and carriages.
Bills of Fare, with Terms, sent per post, for any number required.
A magnificent display of Kr da Cakes for selection. Ball Suppers
furnished complete, including Lights and Music. Experienced Cooks
and Table Decorators sent t$ any part of the country for the ma-
nagement of Entertainments. Soups, Made Dishes, Ices, &c., care-
fully packed for country orders
Messrs PURSSELL'S, CORNIIILL.

THE LETTERS OF A VAGABOND
will be commenced in
THE " LEADER" NEWSPAPER
of SATURDAY next, AUGUST 1 Ith, and continued weekly.
Price Sixpence.
Office, No. 7, Wellington-street, Strand.

DEAFNESS.—A' CI RTAIN AND SPEEDY CURE IN THE
• ..„MOST INUTi&t{A.Tkq.A.SES.
3/11i. BENNETT. of 65, ti,,o6t 'Sianiford-gtreel,
Ji_ London, begs to remind all suffering from that distressing
complaint thit his Remedy stands unrivalled, and is daily effecting
Miracu ous Cures. In many instances hearing is restored by the
first application, although of 40 years' standing. One trial wilt
verify the fact. It also exempts sufferers from pain, surgical opera-
tions, or abstinence from bwiness, and may be applied to the ears of
an i.if nt or aged sufferer with perfect safety.
To be had only as above, at 65., an I sent free to all parts, with
full directions for use, on receipt of Os. Gil. in postage stamps.
Attendance to the poor as usual, Monday, Wednesday, and Friday
Evenings, from 6 till 8.

ON THE PHILOSOPIIY OF MARRIAGE, AND THE SECRET

INFIRMITIES OF YOUTEI AND MATURITY.
WITH FIFTY COLOURED ENGRAVINGS ON STEEL.

In French, English, German, Dutch, Spanish, and Italian, in a
Sealed Envelope, 2s. 6c1., or post-free, fir Forty-two Stamps,

SELF-PRESERVATION; an
Analytical Investigation of the Physiology and Functions of
Marriage, in all the bearings in which that irnoortant subject affects
tre he.ilth and happine.s of Man, with its Disqualifications and Impe-
diments, tracing their origin to the effects of juvenile solitary habits,
You:hrul exe,ss, trotileal c'imates, or close study; followed by prac-
tical renwks, founded on twenty years' caper! nce in the treatment
of Impuissance, Nervous Debility, Local Weakness, i,permatorrhcea,
Syphilis, and all diseases of the Urinary and Generative System. Il-
lustrated by ',CI coloured Engra, ings, on the Anatomy of the Repro-
ductive Organs and their relative conditions in Health and Disease.
By SAMUEL LA'MERT, M.D.,
r 7, BEDFORD-SQUARE, LONDON,
D ,ctor of Medicine, Matriculated Member of the University of Edin-
burgh, Honorary Member of the London Hospital Medical Society,
Licentiate of Apothecaries' Hall, London. &c., Sm.
The essential object of this treatise is to point out the fearful
consequences rrsill'ing from irregularities and excesses, which
have produced more misery in Youth, degradation in Man-
hood, and premature decay at all stages of life, than, perhaus, any
other class of disease known to modern pathologists The treatment
adopted is founded on experience gained in the most c,lebrated
schools of medicine both in this country and in continental Europe.
The resu'ts of the knowledge thus acquired are here condensed under
the personal supervision A' Dr. La'Mert, himself one of the few
legally qualified physicians who have devoted their whole and un-
divided studies to this important branch of me, deal science. In short,
every peculiarity reiating to the treatinmt of the diseases incidental
to the generative system, and the means of immediate relief and
ultimate curo are described in detail. The professional reputation
of Dr. La'Mert, who has taken the most distinguished medical
and academic honours at home and abroad, is in itself a sufficient
r forty-twoe -st et,
l
guarantee that those who may place themselves under his care
will, in every instance, meet with that delicate consideration and
inviolable secrecy which are so requisite in the treatment of these
-Stabriy e,
post Tichfobor n e
cases.
Published by the Author, and may be had of J. Gilbert, 49, Pater-
O or eet
~
ioasrm
t er -arry ;
ruln a
,y ,236,
(o ri
; str3
*tamps, from the author, who onnanited personall7i, or by
tette-. daily. from Ten till Two, and from Six till Eight.

)R. CULVERWELL'S NEW WORKS.
To be had of Sherwood, 23, Paternoster-row; Carvaiho,
47, Flect-street; Mann, 39, Cmrithill ; or direct from the author ;
rice One Shilling each; by post, Is.
ENJOYMENT OF LIFE.
"Health, Recreation. and Rational Use of Time."
Commirs s—Early Rising—Spring and Summer Mornings —Ex.
rebus about the Environs of London—The Parks, Lanes, Hills,
F rests, Fields, High-roads, and other pleasant places—Country
trips and Ranal4les—The Sea—London at Night—Evenings at Home
—Music—The Drama—On Eating, Drinking, Bleeping, Bathing,
Rest, Ease, Occupation, &c.,
II
FRAGMENTS FROM TUE MOUNTAINS. Two Vole,
Vol. I.

0 tINIBUS ACCIDENT NEAR ILKLEY.
On Sunday, the lit instant, a frightful coach
of
'
ac-
cident occurred at a short distance from the village
Ilkley, Yorkshire. Two of the omnibusesohfictibese
Leeds Northern Railway, which ply Irtvv,,en Ar-
nr
tbington station and llley, were each loaded with
isl,)rooulttetdw itcoeotahrery. number
The
driver of passengers
of one9sengersof
they
the
wereve con
h eel of his own vehicle came off
as
il, was in the very act of doing
e
(Morrell) endeavoured to pass his competitor, a in,,,
Snoamthede Walker, but
eri,
w
the omnibus was overturned, and the whole of the
passengers, forty-seven in number, were precipitated
with great violence am mg. the horses of Walker's
omnibus. Some of the unfortunate passengers w
.:rushed beneath the fallen vehicle, others were
trampled upon by the horses. Seven of the number
sustained serious fractures or dislocations, while many
others were injured less seriously. One of the pa-
9engers, Mrs. Sarah Firth, the wife of Mr. W. Firth,
butcher of Bramley, died on Tuesday last. Her
right thigh and her left arm had been fractured, and
her chest shockingly crushed, the wheels of Walker's
omnibus having run over her. From the time of the
a her
ace
ecr
di di
lifecean it
might
asth had c
tee
odahoa
tvsre,e
and
v e ev
neits
awveaedse
atr; y a
boitittEts
ttheenin
time
tteo
terrible
hopedifbrloem h
pros-
tration, thatro es
r-
tration, through the loss of blood and fever, was more
than human nature could bear, and she sank from
exhaustion on Tuesday, just ten days after the
accident.

Thomrwe
isecsatsasebsll3:rwjo
uwhrooy,s,
ptahonkede catorotreotrnhetehr
eo oveefxral theomaidni
andtgi si
otnroifoc
ftt,hseea
An inquest was held on Wednesday, before M
vnuedr
nr eral.
nibuses, and the racing between the drivers, , the fol-
lowing verdict was returned:—
" The jury find the deceased, Sarah Firth, came
to
her death in consequence of injuries received from the
overturning of an omnibus belonging to the Leeds
Northern Railway Company, owing to oneof
the
hind wheels coming off; that the said omnibus was
very much overloaded and driven at a dangerous
speed by Samuel Morrell, who was well aware of the
wheel being in a defective condition; and the jury
bring in a verdict of manslaughter against the said
Samuel Morrell. And further, the jury wish to re.
cord their strong opinion of the culpability of the
railway officials in the management of the omnibuse,,
for the reckless and dangerous way in which ornni.
buses have been allowed to load, e6peciallv on a Sun-
day, and hope the practice will be discontinued."
Morrell was then, on the coroner's warrant, emu..
mitted to York Castle, to take his trial on this charge.

~ ~
small powerful waistcoat
valuable, newly-invented, v y
alenrut, by which a person Can be
[ADVERTISEMENT.]
pocket glass, the size of a w
they answer every Purpose
seen and known li miles distant;
- 1 HE LOYAL EXHIBITION.--A.
Opera-houses • country scenery
on the Race-course, at the
. !
miles; they are invaluable
and ships are clearly seen at 12 to lt4.
ng to Sportsmen, Gentle-
for shooting, deer stalking, Y
t eet Piccadilly, ob-
serve,B. Solomons, Opticians, 39, Albemarle-street, r ,
men, Gamekeepers, and Tourists. IT;be had at Messrs. S. and
ossessing such extra-
ordinaryimportant invention in Telescopes, P .
with an extra eye piece
opposite the York-hotel. Telescopes—A new and most
powers, that some, 3i inches,
Saturn's
Ring, and the
will show distinctly, Jupiter's Moons,
weighing only three
Double Stars. With the same Telescope, .
ounces, can be seen a person's countenance miles. instant,
glasses, with wendertul powers;
other kind for the waistcoat pocket, and are of larger and all
and an object from 16 to 20 miles. They supersede every
sizes, with increasing powers accordingly. Opera and Race-
courseau 13
and B
clearly seen from 14 to 16 miles distant. Messrs.S. B.
Solomons, Opticians, have invented invaluable preserving
Spectacle Lenses, immediately they are placed before imper-
fect vi.ion, every object appears clear and distinct, the most
aged defective sight becomes bright and brilliant, is brought to
its youthful, natural, and an object c
original s. tate The Invisible o.r-
-ganic Vibrator, and all kinds of Acoustic' instruments for relief
of extreme deafness.—
g 9, A plielbermarle-street, •
ecadll
' ly, ob..
14 rye opposite the Yorkllot

RAILWAY INTELLIGENCE.
GREAT WESTERN.
The thirty-fourth belf-yearly meeting of the pro-
prietors of the Great West: ra Railway was held yester-
day (Thursday), at the Bristol terminus, in Templemeads,
Bristol. The attendance of sharethelders, though much
smaller than at the Paddington meetings, was r
piece of meeting
numerous as utile', notwithstanding the distance of the
from the metropolis, and the un-
favourable state of the weather.
At one o'clock, Mr. C. Russell, the chairman of the
board of directors, teek the chair, and the preliminaries
disposed of, proceeded to address the
proprietors as fol-
lows:—The accounts which have been in your baudefor
come days exhibit, I htme, a satiefactory view of our
finencial ph,ition and prospect% You will observe that
our traffic continues reeedily to increase. Although in
the last year the EXhibittot: was open- during not rieth°h'
of May and June, our receipts for the first half of the
present year c gull, indeed they rather exceed, these
in the first hilt of the last year. Our receipts since the
30th of June also, during the present half year, have
bean vary satisfactory. It is not to be expected that our
receipts shouli this year be as large as they were at this
time last year, when the Exhibition was at its greatest
height, and receiving the largest number of visitors.
But, on competing our present receipte eith those of the
preceding year, we find that the first six weeks that have
new passed exceed the corresponding six weeks of 1850
by upwards of 1,400/, which gives to us an average
weekly increase between those two periods of 2 4001. a
week. The increase of the last week alone, as compared
with the corresponding week of 1850, no less than 3,800/.
—(Hear, hear.) In oer expenditure there hes been
some increase also, chic-fly in matters of repairs of en-
gines and carriages, and in maintenance of way, occa-
sioned, as may have been expected, by
the unusual strain
which was thrown last year upon them. The dividend
which we recommend to you on the present occasion is
at the rate of 4 per cent.. We think this is as large a
diVidend as we should he justified in recommending to
you on the present occasion. You fill remember, I am
sure, that. at,...lir Aet- 0 e.eloctir -4tur, ~4eatiltill..we have
el wayi iiii Pie d Wan 3,,
- '
~-n- iti, twiiity.,
I.4tit,
to meet the dereande of 1852 and 1853, whit
your new linos to the north would for the fi, st be
peel eed bat scarcely yet brought into do full action, an
e
shit those years, there.ore, would he years of trial and
of pressure. It is very true that we have not yet opened
those lines; but you will observe that wo have charged
the whole of the interest upon the Four-and-a-Half per
Cent. Stock, which either has been applied or is appli-
cable to those lines, to our revenue account, and the
amount of that charge being about 32,5001, it very
nearly balances the draft which we have been obliged
to melee on our reserve fund. Now, considering that
large sums have thus been applied to lines from which
we have not yet derived the advantewee which may be
anticipated, I think that I am ju,titiod'ia stating that
our accounts for the present half year afford grounds to
represent our prospects to he far from nesetiefaetory.—
(Hear, hear.) Gentlemen, I do not think the, it wil be
necessary for rue to trouble you further upon any mat-
ters of detail connected with the accounts. They are
noticed at some length iu the report, and I shall bee x-
tremely happy to afford any proprietor any further
explanation which he may wish to have given. I trust,
too, that I shall not be obliged to dk thin you long on the
subject of our relations with other companies, though
some of them are so important that it will be impossible
that I should pass over them altogether iu silence.—
(Hear.) I will first direct your attention to our western
districts, in which the Bristol proprietors have naturally a
peculiar interest. In our report of the month of Fe-
ere ry we stated to you that we hid made an arrange-
mint with some gentlemen tat Weymouth and in the
neighbouring districts for the completion of your Use
from Froune to Weymouth. Those gentlemen formed
themselves into a company, and have, during the last
session of Parliament, obtained an act of incorporation.
Lately, however, it appears that there is some doubt
whether they will be able to raise as much capital es
they require for this purpose. There can be no doubt,
however, that that line ought and must be finished.
You have already expended a considerable sum of money
upon it. The amount which remains to be expended ie
proportionately small, and that line will, we are setts
tied, be meet important to you, both for the sake of secu-
rity and profit. Your directors have had this suttject
under their serious consideration, and they have been in
commuuicetion also with the directors of the Bristol and
Exeter Company with respect to a line extending
trope your owe lino neer Dorchester to the line of the
Bristol and Exeter Company, near Exeter. We always
toresaw that such a line would be necessary to the in-
terests of both companies, and with us it has been merely
a question of time when that line should be made. On
the one hand we leave been extremely desirous to avoid
all expenditure upon new works which could possibly be
avoided; but, on the other hand, the projects of rival
companies, renewed as they are this year, as we see by the
report of the South-Western Company only this day
published; the Bills which were brought into Parini-
meat last year, and failed through form; the demands
for local accommodation throughout the whole of those
districts; the opinion of military men of the highest au-
thority in the country that such a line muss be made for
the purpose of national defence, and that the weight of
Government will be cast into the scale of that company
which will first be prepared to make it—all these cir-
cumstances warn us to be on the alert, and we trust,
therefore, that you will give to as powers to concert
with the Bristol and Exeter Company such schemes
as we may think most expedient and most
judicious toh
which
protect our own traffic, and to prevent that traffie
has totherto passed over the Bristol aad Exeter line,
and through this town of Bristol to our line, from being
diverted to other quarters and falling into other hands.
With respect to our Shrewsburyry alliance, we are in no
degree disheartened by the events of the last session. II
we have not obtained all that we expected, and all that
we had a right to expect, some important results have
been accomplished, and some very valuable principles
have been established. In the entire line from Oxford
to the North there were two
gaps which required to be
filled up—one, an hits rval of about three miles between
Priestfield and Wolverhampton, and the other
a short interval between Wolverhampton and
the Shrewsbury and Birmingham line—and the
means which were adopted by the Legisla-
ture to supp'y these links bear the most loon-
testible proof of their opinion that this chain of railway
communication must be Made unbroken, and that ~,,,I'
pe
must be coropleted at the earliest practicable time. They
Bills brought in by the resctive companies
to give
Parliamentary sanction to your traffic arrangements and
to your amalgamation passed, I
belisve, without one
,
dissentient voice through the House of Commons, and
they were not stopped by any act of the Legithoure, but
by a faller, to comply with the Wharucliffe order under
very peculiar circumstances, but it by no means fellows
that the same result will ensue in the next session.
&nee that time the subject has been most fully discussed,
end is much bethr understood. The necessity of a 13...
coad line from Oxford to the Mersey is universally ?
mated. The abuses to which the Wharneliffe stealing
order is liable have been clearly exposed, and opinions
have been expressed by the leading members of,
which
House of Lords, where our chief difficulty resides, wPte
roust, I um satisfied, produce their fruits in the nextu
ai
session. Difficulties we may encounter, both
and exeernal, but difficulties of the same sort
and
have
greater degree we have before encountered. ,
surmount teem.
surmounted them, and we can again sumo
public
The law is with us, the Legislature is with us,
_.and
Polley, public justice, public feeling, are all ifhtlitl_sw of ,
I for myself cannot entertain the remotest blear
A solublv
doubt that those agreements which already ic-Ist in
bind th ae
e .erewseury Company tolls, in honour and in
f all ob-
stacles, will at no remote period, and in spite 0
(Clear,
Ehtaales, receive the sanction of the Legisla'
erTehall call
"ear.) Gentlemen, the last subj,i'et to which - 5 intienrnnoi
the most your attention, but the one, perhaps, of _ been pre-
eminent importance, is the proposal which 3 ..,,
re-
centlycom-
, made to us by the London and
''''HuPtithy for the amalgamation of these two greate
consider
Iheates.—(ll. ar hear.) So important did w_
"t it to your
that proposal, that we thouht it duo to subraoh
time,
and
consideration wi lona the loss of a moment t R
gave to the
You will perceive that the answer which we
Lo dated only
dat . London and North- Western Company is the
have given
day before yesterday. In that answer we d upon the
°lhnions which your directors have estern
, formed delibera-
proposel, after the most careful and
emtgested to me,
Lion. When the subject was first
sag-t directly by
now, I think, k bout four weeks ago (n: ,
but by
an
the London and Noah-Western Contißs/ ,
pay our COM•
intermediate party), I immedietely sake tee the fullest
pany would be happy to entertain and g_
t°
donand North-
Nohrtah- w
consideration toany proposal w tichtheLon with
W• t to make,
Western Company might think it
rig!e no infrac-
tnis one single condition, that it must involvea.,r„ e„mpautes,
lion of any engagement with the Shrejeeluz" /
before Parlia-
and that it must not impair our p
osi to these priuci-
ment with reference to those linei;
and
unications which
pies throughout the whole of th" communications
If the
have slue@ passed we have steadfastly
the views of the
Legislature could be induced to adopt
and to think that
London and No; th-Western ComPanY' 8
it would be wise to allow the oemPlete amalgamation of
the •
se two teat companies, and to rely for the
restrictions and re-
of thepublic •
interests upon careful res
Isuch an auspicious change
s.trainte, I, for one, should bah
as most advantageous
in the public policy of the country
üblic —(Liear, hear.)
both to the railways and to the Ps .
But, gentlemen, what sound reasons .
have we for expect-
e Legislature will,
rag that the Le ' I gts ature can,
or that tn .
adopt policyon which they have
such a cuange in the
recently so invariably and so resolutely
Owing to the obections of the Legislature, or owing to
the default of ,either of the parties to the negotiation,
this negotiation, upon which we
consider well whate about to enter,
lhe
should fail, it behoves us to
aonsiw
the efftet On our interests. Itis a very short-sightedi
prudence to look only to the
negotiation em.
prYetation that it will succeed,
ass
from itsnd to consider with the
only
the advantages which' will result
of the 8112-
e"side
ss. We must look ut the otherques-
tion and consider how we shallourselves he
placed by e ' the negotiation upon the basis
proposed by the nteri on London and North-Western Company,
if, us I am afraid is the most probable result • it should_
am par-
fait, and it is to this view of the 1. question chat
titularly anxious to draw the attention of the proprie-
ters. The London and North-Western Company in
their proposal to us suggest that the arrangements of
‘139111 companies, their awn and ours, with the Ohrewe-

placedrsoliciuhludrybepropr
ing; that companies,
eiegh
bury corn
election between thewis ieto shouldproprietors the
msaanikee their
Shrewsbury two—ea very captivating proposal to
either alternative would
that the BO!, which in
simultaneo 'I ' be
necessary, should proceed
ub Y with the B.
illfor the amalgamation. Now
let me ask what e
North-Weefsrn ilgagements have the London and
panies, andeinder wha Companyt with the Shrewsbury Com-
circumstances were ihey formed?
The only engagement which h been
the one which was made by the London and as made public is
North-
Western Company with
Shrewsbury and some shareholders of the
Birminghamrcuin t Company in May, 1851.
Now, what are the ei
In the first place, it was utterlyS
inconsistent and iecetn-
azmes of that engagement ?
petible with the arrangement
awihich the Shrevvebury and
ot
tee
p.,,,,,,i10g
~,,,...
It
t,. o with us in the January
nego-
dated by the constituted authorities
arranged and
of the company, but
by a body of ehereholdere, who had ousted their directs-me
from these functions, and on takeethemselves the office
of n9gotiativg. It was' passed' at a
meeting, where the chairman of the company
public;meeting,
appeared
ig and told the proprietors under the highest
that the meeting was illeg el, and that be couldetle gat
uthice
not on that
acconut take the chair, and it was
attested riot by the
common seel of the company, but by ae seal fabzicatsd
th
,and withdrawn from some pocket for occasion. In
~he papers of the day before yesterday I
see
some share-
holders of the Shrewsbury and Chester Company hv
proposed au Agreement lb the London and North-
Wes-
tern Company that their properties should be amalga-
mated, and that in the interim there should be traffic er-
man:Louts, givieg a guarantee of four-and a-half per
cent. (rather inconsistent with the times), and we find
,hat the secretary of the London and North-Western
Company informed thPse proprietors that the engagement
was aue,epted by, the London and. North-Western Com-
pany. Now, call any person for a moment contend that
bese are legal engaeeinents? Is it reasonable for the
say to
London . and North- Western Company to
us,
" These engagements of ours are honeurable engage-
ments, and are to- be ,placed on the same footing with
entnigagenseafes' *deli. : you- have;..pai,;"-,-.arrapod be-
tween the directara of the two companies; 'Opprovid,'
where necessary, .by' the proprietors ; and, at we
believe, completed under all the sancions and
formalities 'of the law ? Is it not calculated rather
to awaken suspicion that we should be asked to
acquiesce Bimpliciter—simpliciter indeed!—in such a pro-
posal?—(Heer, hear.) Now, suppose that this negotia-
tion goes off—and that is the point of view in which I
am presentit g it to you—supposing this negotiation fails,
and we are obliged to contest the agreements with the
London and North-Western Company in a court of
equity, would not the answer be, " Why, gentlemen, the
Great Western Company cannot contest the validity of
these agreements, for you have admitted as the basis of
a negotiation with the London and North-Western
Company that they are as valid as your own?" Sup-
pose, again, that the proprietors of the Shrewabury
Companies, incited, as they have been incited, by offers
on both sides, should advance their terms beyond the
agreement by which they arc already bound; or suppose
the London and North• Western Company should ootain
preponderating interest in the Shrewsbury companies—
not improbable events—and that under those circum-
stances you should be compelled to enforce your agree-
ment in a court of equity, what would be the answer?
`• Why. gentlemen, you have waived that agreement—
you have allowed it to be superseded by an agreement,
which you considered more to your interest, with the
London and North-Western Company." Or suppose things
remain as they are, and that you have to go to Parlia-
ment next year for sanction to your Shrewsbury alli-
ance, where is your Parliamentary case? How can you
affirm the same grounds, that it is to have a separate
lino from Oxford to Birmingham, when you yourselves
have consented to an amalgamation wita the London
and North-Western Compaq which completely de-
stroys the whole of that argument?—(Bear.) . Now,
gentlemen, if one or any of those results, or of the ten
thousand other results which may ensue in negotiating
upon the basis proposed by the London and North-
Western Company. should take place, what will become
of your Shrewsbury alliance, which you have eccom-
plished at the expense of so much pains and persever-
ance, or how can you expect to form any arrangement
by which the traffic from the north shall be brought over
your Birmingham and Wolverhampton line, which you
have constructed at the cost of so much money? Now,
let me be not misunderstood. Let it not for a moment
be supposed that I am repelling the overtures of the
London and North-Western Company for peace.
'There is nothing we more earnestly desire, and we have
evinced that desire by making a taunter-proposition,
which we believe is perfectly equitable, perfectly re-
ciprocal, and much more practicable than the arrange-
ment of the London and North-Western Comps :y. I
trust that in the letter which was written under the di-
rection of the board, or in any observations which I have
made to-day, that I have not uttered one word calcu-
lated to irritate or offend anybody. I have merely
stated to you the arguments and the facts as they ap-
peared to our minds. We are most sincerely desirous of
peace—if peace can be on safe, accomplished•
just,
and
Equitable terms.—(Hear, hear.) I trust that this ileg
ation will proceed,l am induced to hope and believe
"
that it will be permitted to proceed, and I do assure you
no unreasonable requirements on our part shall obstruct
it.—(Hear, hear.) We will make it our one and only
law, to do nothing, to say nothing, to ask nothing which
may haves the effect of retarding
or preventing an ami-
cable arrangement between the two companies, but such
as we deliberately
into
the obligations believe is imperatively required by
which we had,previouslylestered, and
which is
essential ,t o maintain the credit and protect the
interests of you,,athe proprietors of the Great Western
Company.—(Cheers.)
(Un.e ers.)
The SECRETARY (Mr. C. A. Saunders) then read the
following report:—

The receipts for revenue account during the two
corresponding periods of 185 L end 1852 have been so
nearly the same in amount as to require very little ob-
servation from your directors. The excess of passenger
traffic occasioned by the Exhibition of last year, during
the months of May-and June, has been compensated for
by an equal excess received from the ordinary mer-
cbandize traffic during the present year. The total ex-
penditure of the halt-year is 10,0001. more than is 1851,
and consists of increased cost of repairs of carriages and
waggons, of maintenance of way, and locomotive expen-
diture. The first item may be justly ascribed to the or-
dinary effecti of employing a greater number of car-
riages for the traffic during the Exhibition of 1851,
which required subsequent repairs and renewal. The
maintenance of way comprises that nf twenty-four
miles of the Oxford and Rugby Railway, which has
been now open fur more than a year, which expense
during the former period, formed part of the contract
for the construction of that line, but has since
become a charge on the revenue. The increased expen •
diture in the locomotive department embraces heavier
repairs of engines, ate., arising from the same cause as
that which occasioned additional carriage repairs, and is
further to be accounted for by a considerable increase in
the number of miles travelled with goods trains, not-
withstanding that the reduced cost of the coke during
the half-year has diminished the expenses under that
head. In the general revenue account it will be found
that the ' new works and additions to lines opened' have
increased to the extent of 3,5001, the rent of the
Gloucester and Dean Forest Railway has added to the
charge 5.7151, and the sum paid for interest on loans,
and fixed dividend for 4i per cent. stock, has exceeded
that of the corresponding period by 15,2001. These
several differences account in the aggregate for the dimi-
nution of the outstanding balance. After paying a divi-
dend of 4 per cent. per annum on the rateable stock,
which the directors recommend, a balance will
remain of 72,7791. 4s. I Id. to be carried for-
ward to the next half-year, in comparison with
the sum of 49,9401 9s. 3d. which was left at the
corresponding date in 1851. The company have
been subjected to considerable disadvantage in
the interest account from the amount of unemployed
capital during the last half-year, for a portion of which
they have only been able to obtain an insignificant rate of
interest; while at the same time they have been carrying
to the credit of capital, as will be seen by the accounts,
upwards of 5,7001 received for dividends upon the South
Wales and South Devon Railway Shares in reduction of
the interest previously charged in those respective in-
vestments. Parliament has now sanctioned the purchase
of the Kennet and Avon Canal, and the formal transfer
of It has been completed in conformity with the provi-
sionsOf July, 1851, when it was agreed to purchase it, have
defrayed of the
al AI tts e. x
pTe
nh
sees receiptsbesbesides
esif
s thepsy canalinz
th the
sincesti
stipulated
la
tlesdt
l
dividend of 63, per share for the year, and there is every
reason to.bope that the arrangements for extending the
usefulness of that undertaking, when worked in unisonwith the railway, will prove to all parties interested the
advantages as well as the prudenee of that arrangement.
In like Manner the agreements for working the Here-
toaa,vay,
rd, Ross,
haveand
be
Gloucester
also confirmed,ucesterßalway andan
d the Wycombe
Railway, authority
has
been given for the appointment of a joint committee
with the Shrewsbury and Hereford Company,
for the management of through traffic passing
to and from their railway. During the last session
your directors procured powers for extending
the time for taking lands on the Birmingham
aßudd lOe y, and
xford
Frame and 'Weymouth and
Birmingham, Wolverhampton, and
Dudley, Railways, as well
as for making a short junction line beyond Wolverhamp-
ton, to unite with the Shrewsbury and Birmingham
Railway. The agreement with a newly-formed company
for finishing the railway between Frorne and Weymouth,
and working it in connexion with the broad gauge trains,
was ratified by Parliament, but a clause was introduced
into the Act, by consent of both parties, rendering that
agreement void, unless the full amount of capital shale
have been obtained by the new company within tvbereet
months from the Royal assent to their Bill. In'thatroecend
it will become necessary for this company to_
_Prenda
with the completion of those works, in order
the t°
ll the lands
the large expenditure beyond Bruton, and roviding a
purchased upon the whole line, dneePo bad to
railway through those districts, due reeg ,
fter or se raga very
the present means of accomplishing
r it upon advan-
reduced cost, and of raising eaPita
do tbat applications
tasseous terms. It is proper to men— and are still peed-
ha's.° been made to the courts of.lasivt company, to en-
ing, for writs of mandamus aga3nes of railway sane-
force the completion of oertalu 3 1846 and 1847, bat it
available i
timed by Parliament, in the year

[PRICE SD.

would be improper, at present,
any opinion
to express.
on the result of those proceedings. •
TheAittecters are
devoting their best atiention to the Subject ofeeturns to
the writs, -and will taks the course which they deem best
for the interest of theproprietors. The district of the
West of England, beetteeen the Wilts, Semerset, and.
Weymouth, and the Bristol and Exeter Railways, at
present unprovided with railway accommodation, and the
beat mode of completing the broad gauge system for that
district, have received the due considetnzion of your di-
rectors. They are in friendly communication with the
directors of the Bristol end Exeter R lawny Company on
the subject, and it hat been proposed that the two com-
panies should unite is encouraging the formation of a
line from Maiden Newton, between Yeovil and Dorches-
ter, to pass near Bridtert, by Axminster, Honiton, and
Ottery St. Mary, to a.point on the Bristol and Exeter
Railway. near Exeter, with sued Lee' branches as may
be deemed revisite. A resolution will be submitted to
the sh,J,reholders at the cieetieg, anthorieieg your direc-
tors to sake such stets tea may be necessary to obtein
Parliamentary power: to subscribe to that undertaking.
The bridge over the liver Wye at Chepstow, vvioh one
Ewe of rails, has been recently finished, so as to form a
continuous broad page railway between the Great
Western Railway aoc Swausea in South Wales. Tee
directors regard this as a very important communication
opened for mineral truffle, which cannot be said yet to
m nave
bee 'ne will tee taken to encourage it, and no doubt can
entertained that the districts in that principality,
abounding in rerneral richee, are calculated to efford a
remunerative return, both to the South Wales and the
Great
Western companies, for the capital they
__l3,..vet in-
vest. oti
] in the ue-
th
and Carmarthen Tee line bettveen bvva luo.
ist Ae
a an ug.e
hredurtrig
s' toed, will
to Parliament be shortly opened
for public traffic: T
the last session to ations .
Confirm the alliance with Vie two
Shrewsbury compere;
frustrated by the non-
compliance et generalegmewete're
the then requirementti of' the of tho:e companies with
in the House of Lords. In reference to
standing order
to this subject, the
directors having. • very recently received an cllieisi.c)m-
nsunication from the Lendsin teriel
CotiatianY, td. Which-they *fth-Vgeattra Rail-
-5 given 'a reply;
prossing,an eurneFt desire to _arrive
adjustment of sell differenc,s betwereivetahiet hlroeC amicable
with the cencurrence of their re,pectivne
by your board that the attainment otso
lien, it is thought
desirable a re-
sult may be more probable if they
occa-
sion from ,ffering any detailed observations on the past
abstain on this
or propositions for the future, beyond
',fetich they advisedly make, that n ration shall
the declaration
induce your directors to swerve from) consideration
(mpg ments which have been bondrfidreiienncitueirsehel those
nto
with other companies. As the correspondence
prtohpar.ietoors of. all
embraces
points of con'iderable interest to te
the companies, and it is meet desirable
prehension should exist on their minds from the wmainstaopf"
authentic information as to the views and conduct of both
parties, the directors have deemed it advisable to pub-
lish with this report the letter received from the
chairman of the Lordon and North-Western Railway
Cempany, dated the 4th instant, as well as the acknow-
ledgment and reply given to it by your chairman under
date of the sth and 19th inst. The directors havo to
recommend for your adoption, at the special mewing
convened this day, a resolution zhich shall duly autho-
rise them to reduce and vary the terms and conditions
upon which they may issue so much of the 3,500,0001.
of the fixed 4i per cent. stock as has not yet been taken.
The board, finding in the month of April last that the
fixed 41 per cent, stock had been applied for and allotted
more freely than they could employ the money for the
purposes to which it was applicable, closed the register,
and declined all applications for a further issue of it.
The sum previously token arnounted to 1,857,650/,
Considering, however, that the payment for the Birmieg-
ham and Oxford, and Birmingham, Wolverhampton, and
Dudley shame will havo to be made early in next year,
the directors felt it incumbent to accept some conditional
contracts for the stock payable in January next at a. re-
duced rate of interest of 4 per cent. per annum, subject
to the same conditions of right on the part of the
holders to convert it into ratable stock before the 25th
April, 1857, and on the part of the company to redeem
it at par during the following seven years, upon giv-
ing one year's previous notice of such redemption. The
sum so agreed for is about 575.0001. As soon as the
ordinary stock of the company became saleable in the
market above par, it was the opinion of the board that
they would no longer be justified in consenting to issue
at par a preference stock bearing the same fixed divi-
dend, with any right of converting it into ratable stock
during a long period of time; and having amply pro-
vided for all present and probable financial requirements
for some months, the directors have discontinued, for the
present, any issue of preferential stock beyond the speci•
fled amounts. Under such circumstances, thty think it
will be most conducive to the interests of the company
to empower the directors to reduce the interest and vary
any or all of the conditions of the unissued stock, as
they may from time to time determine. The Birming-
ham and Oxford Railway will be completed in Sep-
tember, and opened for traria with the least possible
delay, after inspection by the Government officer em-
powered to report upon the safety of the line for public
traffic. The Hereford, Ross, and Gloucester Railway
Company are proceeding rapidly with the construction
of their works, and every effort is making by the Bir-
mingham, Wolverhampton, and Dudley Railway Com-
pany to complete their undertaking in the course of
next summer. The accounts of capital and revenue,
which have been duly audited and circulated among the
proprietors, will be appended to this report. It will be
necessary to provide for the audit of the South Wales
traffic accounts, by the special appointment of one of
your auditors, au,norised to audit, them conjointly with
one of the South Wales auditors.
The CHAIR/lAN then moved that the report be re-
ceived and adopted. and circulated among the proprietors.
In reply to the Rev. Mr. NICHOLSON,
The CHAIRMAN said he bad every reason to expect
that the Oxford and Birmingham line would be opened
in the month of September, though he would not pledge
himself that it would be opened on the Ist
butof s
The line to Radstock was in progress,he Penn noter.
know when it would be ready for opening; and
wMacs.
Brunel, the engineer, was prevented attending, he
sorry to say. from ill health.
Too Rev. Mr. Nicaoesorn as a holder of Great Western
stock to the extent of 20,0001., and not having a pound_
in the North-Western, claimed the attention
of the
meeting whilst he criticised at length
the speech of the
a o,ore pugnamous
chairman, characteritiug it as
a
speech than he had ever before.
h
if be thought the directors iticlineed, and threatening,
r d
to prefer their posi-
tion and patronage to the interests of the company, to
move on some future occasion that the number of shares
held, as well es the names of the directors, be
_printed
with the reports. The tenor of the rev. gentleman's
remarks was generally favourable to the North-Western
Company.
Mr. BERNARD took a different view, and thought it
impossible to treat with the North-Western Company
whilst they required the recognition of the second pur-
chase of property already bought byhe Great Western
Company.
The CHAIRMAN said he was extremely concerned that
the reverend gentleman should have thought his speech
was conceived in a spirit of antagonism to the London
and North-Western Company. Lie had been charged
with being pugnacious in his remarks; but, upon a re-
trospect in his own mind of every word he had uttered,
he did not think those remarks were open to such an in-
terpretation.—(Loud cries of "No, no.") The proprie-
tors would be pleased to remember that about three
years ago an arrangement was proposed, not of these
two companies, but of three companies, and the Great
Western was a party to that proposition. Upon that
oc-
casion he had the honour to represent the interests of
this company; and he put it to gentlemen who sat round
him, and who were aware of all the circumstances, whether
the Great Western had not earnestly desired that that
The amalgamation should take place? South-Western
afterwards rejected it. Ultimately the South-Western and
North-Western rejected it, and the Great
taWeeeestmerenreal
adhered to it. He alplruociperdiettooheaetfcircuremast
give proof to the alone
yontoe
the spirit in which be
approached the present proposition,
should remember what were h The rev. proprietor
t e facts as they now stood.
An offer had been mad
Company. A e by the London and North-
Westernbthe Great Western after
rcotrter offer had been madease_t
consideration which could bee bestowed
anxious thoughteub
jet",
and they conscientiously believed that that
for the benefit of the Great Westerna Company -:bthe
hon. and reverend proprietor taunted the directors:oa'
Id
the small number of shares which they held. be Great
tell him that, in dealing el* eetors of the
with the ir amino:lo*re
Western Company, he eves dealing with ge.
hts observations
the base and sordid imputation l wbiob mu, that if he
conveyed.—(Hear, hear.) He would teele had suggested,
ventured to make such a propositionettoevei
e and indignation
it would be rejected with thit possessing the noble
a°
which it would merit from Y
Hearnbear.) They (the
spirit of English gentlemen- position of the London
directora) objected to this fu";,-, two grounds; firEt,
and North-Western CeO.OlOPl. °Aging from the proceedings
because it was imptoehln.d, two years, that the Legisla-
of Parliament in tit the amalgamation of these two
turn would consent aOP
secondly, because it would de-
great cornelisenee'e with the Shrewsbury Companies,
stroy the an, by which they might receive as large
and the ea
tead traffic as that stupendous railway, the
an mll3°l'll.o North-Western itself. His belief being
Londe!' amalgamation was improbable, and that the
thattwit an
neald be to destroy that alliance, be should have
effect -of violation of his
been guilty .
his reasons
not laid before them calmly and dispassionately
his reasons for that opinion.—(Applause.) He did not
concur with the honourable and reverend proprietor in
despairing of obtaining Parliamentary sanction to those
agreements which had been legally entered into, and he
assured him and all the proprietors that not only him-
self, but every gentleman at the board, was most anxious
to carry out an arrangement which would establish
amicable arrangements with the London and North-
Western Company, with this sole reservation, that it
should be consistent with obligations and honour and
good faith with other parties.—(Applause.)
Major COURT suggested that the directors
tinue the negotiation, and submit its further progress
to an adjourned meeting.
The CHAIRMAN Said it would be much
better to have
a special meetiog. The correspondence had only just