The Sun.
London, England, 1863-05-20 00:00:00

London, Chatham, and Dover Railway.

THE LUDGAIE-HILL VIADUCT.
The Committee et the House of Lords appointed fol the
consideration of this bill met on Monday at 11 o'clock.
The following lords formed the select committee:—Lord
Wodehouso (chairman), th* Duke of Manchester, the Earl
of Shrewsbury, Lord Camoys, and Lord Dufferin, to whom
were referred all petitions against the bill, and also the Pei'
lion of the Council of the Royal Institute of Br tisk Arc
tects against the construction of a railway bridge B°l9
Ludgate-hill,
Mr. St. George Burke. Q.C., and Mr. Somerset appeared
for the promoters of the bill; Mr. Phinn, Q.C., and gr•
Wilkinson appeared for the Metropolitan Board of Worl'e'
against the bill; and Mr. Davidson appeared for the peti-
tioners to watch the proceedings.
Mr. Burke, in supporting the bill, after adverting to the
project for extending the line from Greenwich to Woolwich,
and to the Victoria-station, observed that the ct nataht°
were no doubt aware that considerable discussion had taken
place on a subject which greatly interested the inhabitants
of a portion of the city. it would be remembered
that, in the year 1860, the London, Chatham, and
Dover Railway obtained power to extend their line to Fa;
ringdon-street, by which they would be enabled to afford
accommodation to the inhabitants of the districts on the
south side of the Thames. The importance of that has
could not be over-estimated; it would, in fact, be what he
might call an omnibus line, enabling parties with facility
to reach the heart of the city. If any doubt were enter-
tained whether such a line would be profitable as a financial
speculation, that doubt must now be entirely removed
by the great success which had attended the Metro-
politan Railway. The proposition was to build a bridge
across the Thames at Blackfriara to cross Ludgate hill by
means of a viaduct, and to construct a great station in Far'
ringdon-street in conjunction with the Metropolitan llail-
way. The learned counsel pointed out the many advan-
tages that would result from the construction of such ti
line. It would bring the southern portion of the metro"
polis into connexion with the northern, and at the same
.
time ercatly relieve the traffic of the streets. That bill rob
wiili the most strenuous opposition. It was contested for
3C days in a committee of the House of Commons. But it
finally received the sanction of that house. It was subse'
quently oppsed in the Lords, but, after full and searcbioi
investigation, it passed both houses, and received the Royal
assent.
'I he Chairman asked whether any steps had been takell
to carry out the provisions of that bill,
Mr. Burke said that the capital had been raised and the
works on the south side of the Thames were approaching
to completion.
The Chairman asked whether the bridge at Blackfriare
was begun.
Mr. Burke said the bridge was commenced, and would
be proceeded with as rapidly as possible. Much delay had
been occasioned to the proceedings of the company by the
corporation of the city of London, who appeared to be yell
undecided as to the course they should follow. Ho re;
gretted, however, to say that, after all the company had
dune in raising and expending a large amount of capital on
the faith of an Act of Parliament, with the hope of de
riving a profitable return from the future traffic to be de;
veloped by the proposed line, a cry had been suddenly raise'
against them, on the ground that they proposed to carrYl
viaduct across Ludgate-hill. This, it was alleged, soul':
completely shut out the view of St. Paul's Catheural, but
that was not a well-founded allegation. Should this Wier
petted opposition be successful the company would susteirj,,,
very great loss. The suggested improvements in Srnithfte."
would be altogether unprofitable to the London, Chatham'
and Dover Company if they were to be deprived of the
power of crossing Ludgate-hill and forming a junctio,
with those improvements. He did not, however, apprehenti
that Pa liament would rescind powers they had given, and'
in pursuance of which powers, great works had already
been commenced and very large sums expended.
The Duke of Manchester—Would not the proposed via'
duct over Ludgate-hill be on a much higher lever than th®
Smithfield station ?
Mr. Bur e said the level of the viaduct would of coulee'
be controlled by the level of the bridge over the Thames'
but when they had passed over Ludgate-hill there Nv°ll,7
be a considerable gradient towards Skinner-street, an
whit h would come to the level of thestation at Farringdehr/:
street and of the proposed Smithfield branch. When t"
Bill was originally before Parliament the then Lord Miler'
the present Lord Mayor, the city surveyor, the city solioitorf
and many others in authority were examined, and Bail' el;
pressed their approbatit of the measure. Many eminent
bankers and merch-.nts also petitioned in favour of they%
Mr. Phinn said he appeared on behalf of the Metropolitan
Board of Works, and had been instructed to apply to t.ll
committee to postpone the further conshieration of the
Mr. Burke submitted that the Metropolitan Board of
Works had no locus standi.
Mr. Phinn said that by virtue of Acts of Parliament
recently passed the Metropolitan Board of Works possesseri
certain powers with respect to the streets of the city, 8511 e
as to the arrangement of the traffic. The Bill for the ~,
bankment of the Thames had been passed since the °jut,
pany's bill of 1860, and another bill in reference to the she
subject was at this moment pending; these and oflle,
powers p ssessed by the Board gave them an undoubted
right to be heard before the committee.
Mr. Burke said thet the clauses in the bill against which
the Metropolitan Board of Works had petitioned had since
been struck out.

Mr. Phinn observed that the fact referred to by
learned friend was a most extraordinary course adopted b 9
the company. The Metropolitan Board of Works had 11. ti;
tioned against the bill, specifying the clauses relating t°h
extension of the line, to the taking of land at the north side
of the Thames and to the approach to Farringdon-street
from Blackfriars-bridge. These the company had strut x
~t
out, but they had, nevertheless, taken steps to carry °L'
the work to which strong and universal objection was raade.
.
The Metropolitan Board of Works, therefore, felt it their
duty, in the interest of the public, to oppose the further Pr?;
gress of the bill. The powers of the company under theft
original bill to take land would expire on the 6th of Augur
next, and the powers to carry out the works would expire
two years from that date.
_

The Chairman said the company had withdrawn the
clauses to which the Metropolitan Board of Works objected'
Mr. Phinn contended that they could not withdraw thsgf
clauses without the sanction of the committee. The matte,
could not be got rid of so dexterously as his learned friendwished. It was a skilful manceuvre, but it would note he
hoped, be a successful one. The object of the Metropolitan
Board of Works was to present a petition to the 11°,11
~
of Lords, praying that further proceedings under the *"
of 1860 might be stayed until the entire subject had been ID
7i,
quired into, and with that view he had t 3 ask their lord,
ships to suspend their decision on the bill for a day or °vat
He believed it would be found that the great disfigured et
to the city which would result from the proposed
vra on
on Ludgate-hill could be avoided, and that the eiteo:ot
could be carried out by an underground line. 'l'7- 0,
deny that the company might be entitled to conopsll6:3L.
but what he contended for was that the altered e'r'-gity
stances of the city demanded a revision of previous
and improvident legislation.
Mr. Burke denied that the Bill of 1860 was a piece of Wiwi
and improvident legislation. The inquiry lasted a ra°„,ll„tre
and the members of the committee inspected toe spot here
the viAduct was proposed to be consti ucted, and WY vvi eot.
of opinion that it would be no obstruction to the vieW47"
Paul's.

In answer to questions by members of the committee' by
Mr. Burke said that £3,600,000 had been expended
he
the company on the south side of the Thames, and that tde
company had engaged to expend £280,000 on the north 01
ef
of the Thames. He denied that the Metropolitan Boaralo
Works had entire authority over the streets of the city. cs
clauses which had been referred to were no doubt
rAw er str!l ilea
out in consequence of the opposition which had been
to the proposed scheme, but still the company b6d,,1: t
under the Act of 18G0 to purchase lands until next
and they had acted upon those powers by having Jed
' .
notice to every person whose premises would be recln- au
It was not necessary, therefore, to retain the clause for
extension of time.
The room was then cleared. On counsel and parties beieS
re-admitted
The CHAIRMAN said the committee were of opal-- ittan
they could not grant the application of the Metrope'sp'
Board of Works. Of course the Board could make
application to the House of Lords they might think
The bill was then proceeded with, and the committee
journed at 4 o'clock.

- a°3
Madame Turr, wife of General Tarr, Garl-la
tial 0 at
companion in arms, has just presented the Operlol3;:bc-
Bude with one of her compositions, entitled the " I\j'fi-
rata." Madame Turr is sister of Madame Rattazzi' ..sel,
LAUNCH OF THE SALAMIS.—This splendid cei;vi,
designed by the master snipwright at Cilt froel
Oliver W. Lang, Esq., was successfully launched, ding
Chatham dockyard, yesterday afternoon. Notwithstartu', a
that rain fell heavily, and the day was very cold, wit
that rain fell heavily, and the day was very Col' be°
gale from the north-east, it did not doter many from so'
present on the occasion. A booth was erected for the
aaa
arrangedge Irri garrison
oanndeacthhesiddeepoafrttmheenbtu,
commodation of the principal officers of the port
. were
ildwinhgileslipth, o publichicil an
rdeteibnguli• guns'
excellent view could be obtained. The launch ssvc; fixed
to take place at the top of the fLiod tide, at two 1E,I;t) first
ceremony of "christening" the vessel, which....l6 taliZo'
of the kind built at this yard, was performed by lei
ding the
beth Eyre, daughter of the major-generatilocao:::::..hiseiltiodt:f;
district, who dashed the bottle of wino
the vessel and cut the cord which held the last do_g_ Aided
and three hydraulic rams giving the ship a start seLLoseeii was
slowly and gracefully down the ways. This c diagonal
laid down August 10, 1861; she is built upon til: 8 coca-
system, the wood used being mahogany, and the royal
hated she will be one of the fastest steamers mb.
navy. Her principal dimensions are--!engt between
ton-gt
2perpendiculars, 2,
fBov hold,er
1all; e e
tbreadth,extreme,
s; b
831 50-94; horse-power, 260; she will carry
_7.000
The machinery is to be supplied by Messrs. -,"....
alopg:
Salkeld, and Co. On the Salamis being brought. 'Lk' he for'
side the Adder her draught of water was found to "
ward 4 feet 3 inches, and aft 4 feet 0 inches.

ONE Y MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.

The discount market this morning presents a
quiet appearance, the brokers still continuing nn•
willing to negotiate even first-class three months'
bills under 31 per cent., an idea prevailing that
the Bank directors, owing to the heavy demand
daily forced upon them, will be obliged, for their
own protection, to make a further advance of per
cent. in the minimum rate to morrow.

About 50,000 sovereigns were taken out of the
Bank yesterday for exportation to Constantinople.
There was no material alteration in the foreign
exchanges yesterday afternoon.
The half-yeariy report of the Trust and Loan
Company of Upper Canada for presentation at the
next meeting of shareholders has just been issued.
The balance-sheet is made up to the 31st March of
the current year, and the not profits realized during
the period amount to £14,092 ss. 6d., which,
added to the sum brought forward from September,
gives a balance at credit of revenue of £14,315
Bd. The directors recommend that out
of this balance a dividend at the rate of
per cent, per annum, less income tax,
be declared on the paid-up capital stock of
the company ; that one-half of the surplus profits
over 6 per cent, per annum, and the usual charge
for interest, amounting together to £3,682 4s. sd.
be carried to the reserve fund, in accordance xith
the provisions of the Royal Charter of Incorpora-
tion, and that £250 be applied to the redemption of
preliminary expenses. There will then remain the
sum of £7O 7s. 3d. to the credit of the next half-
year's accounts. During the period embraced by
these accounts the reserve fund has been charged
with the sum of £216 18s. sd. for losses on realisa-
tion of securities in default, and the amount stand-
ing to the credit of this fund, after adding the
£3,682 4s. sd. above referred to, will be £48,271
188. 11d.

A statement just issued by the East India Rail-
way Company shows that the traffic receipts for
the week ending 15th February last on the Bengal
Division upon 604 miles, amounted to £14,880,
against £8,605 on 354 miles open in the corres-
:nonding week of the previous year. On the North-
West Provinces Divisio❑ upon 2971 miles, the sum
received in the same period was £4,952, against
£2,907 upon 2431 miles fur the corresponding week
of last year.
The application list of the General Credit and
Finance Company of London will close for London
on Thursday, and for the country on Friday ; and
of the Dartford Creek Paper Mill Company on the
23d and 25th inst. for the metropolis and provinces
respectively.

Two O'CLOCK.

According to Reuter's telegram this day the
Paris Three per Cent. Rentes were 69f. 40c.—
R ither firm.

The Vallamzisca Gold Mining Company have re-
ceived aivices dated the 14th inst. They state
that the rich ore lately discovered in the Cava
Veechea level on the yellow lode was tried last
week by working two charges of it in the old
amalgamating mills. From the report of the re-
duction officer, it will be seen that charge No. 1,
of 40 kilogrammes, yielded 3-60 grammes of gold,
or very nearly three ounces of gold to the ton
cf ore ; and charge No. 2, of 37 kilogrammes,
yielded 1-93 grammes of gold, or 1 oz. 14 dwts. of
gold to the ton. When it is taken into considera-
tion the great waste of gold which takes place by
thes9 mills, it will be easily imagined how impor-
tant the discovery is, and how rich the ore must be
to yield the above quantity of gold even by the pre-
sent method.

Business in the Stock Exchange markets today
has been somewhat interfered wish in consequence
of the large number of City people who have, for
the nonce, abandoned work for the festivities at
Epsom. Hardly any speculation has, therefore,
been attempted, and a few purchases in the early
part of the morning has consequently produced a
firmer tone, Consols being 931 for money,
and 92k less the dividend, for the account.
The New Threes and Reduced Annuities are 911•4,
the New 21- per Cents. 761, and the Tairty Years'
Annuities 141 ; India Stock is 2311 ; the 5 per
Cent. ditto, 1094, 1104-; the 5 per Cent. Enfaced
Paper, 107: ; Exchequer Bills are steady at 3s. to
ls. die.

The Foreign Market is dull, and quotations are
generally depressed. Turkish 6 per Cents., 1862,
are 711 1 ; ditto Consolides, 5 71 ; Venezuela, 561 ;
Italian, 711; ditto Scrip, l& ; Greek, 321 ; do.,
Coupons, 141 15 ; Spanish Passive, 341 1 ; do.,
Certificates, 124- ; Mexican, 361, ; Portuguese,
491 -I, and the Confederate Loan, y 1 prem.
In the Railway Share Market the operations have
been very limited; prices, however, have generally
exhibited a slight upward movement. Great East-
erns, North-Westerns, and Midlands have improved
55., and Great Northern and Lancashire and York-
shire, 10s.

The Foreign and Colonial undertakings exhibit
little change of importance as ragards prices. Bahia
and San Francisco realise 20: ; Great Western of
Canada have improved to 11: 12; and Eastern
Bengals have declined to 1104 111.
Joint-Stock Bank and Miscellaneous Shares
are at slightly higher rates. Imperial Bank have
improved to 221. 231 ; Alliance of London and
Liverpool, to 318 32.1, ; Imperial Ottoman, to 201
201 ; and Royal Mail Steam have declined to 64.
The shares of the English and Scottish Marine In-
surance Company are quoted Ito prem.

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock .........................
3 per Cent. Reduced Annuities ......... 91$
3 per Cent. Consols Annuities .......... 93$
New 3 per Cent. Annuities ......... 914
New 2f per Cent. Annuities.. . ...
........ 761
'lnnuities, 30 yrs, expire bth Jan., 1889.
Ditto for 30 yrs, expire sth April, 1885. 144
India Stock ..
Ditto 5 per Cent llok 94
Ditto Enfaced raper, 4 per Cent .
Ditto 5 per Cent lo7a
Ditto 5i per Cent.
Ditto Debentures, 4 per Ct., Oct„ 1863
Ditto ditto April, 1861
Ditto ditto Aug. 1864 or 66
D tr. Bonds €1,900
Ditto under £l,OOO
Consols for Account, June 9 94
Exchequer Bills, £l,OOO 2k per Cent 1 2 die
Ditto £500

FOREIGN FUNDS—ONE O'CLOCK.
Milian 6 per Cent.
Ditto 4} per Cent
Egyptian 7 per Cent lOO
Ditto, Second Issue
._...
Greek 5 per Cent., 1824-5, ex-Coup:me —
Ditto Account 32h it
Ditto Coupons —
Italian 5 per Cent. (Nlaremmana Railway)
Mexican 3 per Cent
I)itto Account 36i
161
Moorish Imperial 5 per Cent
New Granada
Ditto Deferred
Ditto Land Warrants (Hectares) 8
Portuguese 3 per Cent., 1353
Ditto Account
Ditto 3 per Cent., 18.56, '7, '9, '6o' 62.. 49/ i
Russian 5 per Cent., £ St . 95i
1822 , . , .....
Ditto 41 per Cent., 1850
Ditto 6 per Cent., 1862
Sardinian 5 per Cent
Ditto Account . —
Spanish 3 per Cent
Ditto Account 5ll
Ditto PRAM ......
Ditto Account
**************** —
Spanish Cert. of Coup not funded
Turkish 6 per Ce
Cent. 1854
** l2l i
Ditto 6 per
Ditto Account * *
Ditto 6 per Ceni..lB .. ..
Ditto Account
Ditto Guaranteed .I . Pe.; •C—e'n't'.
_7l i 1
Venezuela, 3 per Cent
Ditto Account ... ....
Ditto 6 per Cent., 18621 .. .......' " "" ;a
Dividends on the aboVe. ...ab1e............
....
Dutch 21 per Cent., Ex. 12 Guil
Ditto 4 per Cent. Certificates ;
Italian, 5 per Cent., 1861, Ex. 25 fra.n.c.s —
Ditto Account .............. "
..... . ni
TWO O'CLOCK.
Consols, Money .. 93
Ditto Account 921 t xd