The Sun.
London, England, 1853-02-16 00:00:00

creed. Therefore nothing could be more natural than that
a desire should be entertained for a re-adjustment of the
arrangement made so far back as the year 1840. (Hear.)
There is nothing unreasonable I think in the people of
Canada desiring that some particular denomination should
have a share of the fund more in accordance with its nui3l-
...

friendly spirit towards the Church of England. No doubt
the concession that we propose to make does shake the con-
fidence which is now felt in the perpetuity of the endow
ment for religious purposes. (Loud cries of " hear, hear,"
from the Opposition.) But, regarding the Church of Eng-
land as a body of individual clergy in that country, we
have taken ample gu.arantees for their continued enjoyment
of the stipends now allotted._ to them—(hear, hear)—we
have further the full concurrence of the legislature and the
executive of Canada in doing so. We have inserted a clause
in the bill which will render it impossible for those clergy
to be deprived of their emoluments so long as they live. It
would have been impossible for us to assent to any other
regulation in the matter. They went out to that country
in reliance upon the act of Parliament, and good faith and
honour requires that their rights should be respected. But,
looking at the Church of England not as a collection of in-
dividual clergy, but as an establishment—as an incorporated
institution—if you ask us to maintain a church establish-
ment in Upper Canada against the wishes of the people of
that country, I for one would shrink from such a struggle.
(Hear, hear.) If you were to engage in it, I undertake to
say that you would never issue from it with credit or suc-
cess. (Hear, hear.) I am convinced, sir, that we are taking
the right course even in the interests of the Church of Eng-
land herself. I believe if that Church has to encounter a
spirit of antagonism and jealousy, aroused by a feeling of
undue partiality and favour shown to her, she is weighted
with a burden which no endowment can possibly counter.
balance. (Hear, hear.) The Church of England, I doubt
not, will win its way in that country as it has done in the
United States. Not assuming that it is deprived of the
existing provision made for it out of the public funds, it
will derive its strength, not from the liberality of the pub-
lic, but, as it has done elsewhere, from the purity of its
doctrines—from the soundness of its teaching—from the
virtues which are illustrated in the lives of its clergy.
(Cheers.) Sir, I beg to ask the permission of the house to
introduce the bill of which I have given notice.
• Sir J. PAKINGTON said it was not his intention to
oppose the present motion, and therefore it wild not be
necessary for him to follow the previous speaker at any
great length. He had heard that gentleman's speech with
regret, but• certainly not with surprise, seeing that it only
embodied sentiments which since the opening of the pre-
sent session had been already expressed by the noble lord
the member for London, as the organ of the Govern-
ment in that house. He (Sir J. Pakington) looked upon
the bill now sought to be introduced as a means of commit-
ting a breach of the national faith, and of depriving the
Protestants of Canada of property with which they had
most solemnly endowed. (Hear, hear.) Tho hon. mover
admitted that in the recent elections in Upper Canada, the
district mainly affected by this bill, the party who wished
to retain the clergy reserves for their present uses had
gained several seats, and that the gains had taken place
among the largest constituencies in the province. These
were important facts, in addition to which it should be
borne in mind that even previous to that election the re-
presentatives of Upper Canada were equally divided on the
question. (Hear, hear.) The Hon. Under-Secretary, in
alluding to the Roman Catholic endowments of Lower
Canada, had said they were secured at the conquest. True,
they were, and the guarantees then given had been rigidly
respected. And why, then, should not the guarantee, quite
as solemn, given in 1840 by the British Parliament, be
looked upon as of equal value ? He should wait, however,
. until he saw tlae bill, and what means were taken to pro-
tect the interests of the Church, which must be ample
indeed to escape the charge of a flagrant breach of faith.
Before he sat down ho would implore the noble lord, the
Imember for London, to look at the act of 1840, of which ho
himself was the author. Let him recollect the peculiar
circumstances under which that act was passed, and bow
all the statesmen of the day concurred in its adoption. It
was then laid down and admitted that before attempting a
union of the two provinces all questions of religion should
be settled—a point to which the late Duke of Wellington
particularly alluded in his memorable protest. Let the
noble lord recollect the words of the preamble to his bill.
declaring the expediency of finally settling the question of
the clergy reserves, and their appropriation to the main-
tenance of religion, and let him then reflect whether he, of
all men, was not bound to respect the rights of the Church
of England in Canada. With these observations he should
consent to the passing of the present stage of the bill.
Mr. V. SMITH complained that the right hon. gentle-
man had acted rather unconstitutionally in quotinc, the
opinions of any portion of the people of Canada against the
regularly constituted Assembly of that country. But
seeing he was member for Droitwich—he had acted still
more strangely in relying on the comparative populousness
of a constituency as a guage of its political value. He
(Mr. V. Smith) hoped that when the question of Parlia-
mentary Reform came on for discussion, they should have
the valuable co-operation of the right hon. gentleman.
(Cheers, and laughter.) To say that an Act of Parliament
was irreversible, was to saddle his noble friend below him
with a new finality, besides which the right hon. gentle-
man completely invaded the rights of the Canadians to
legislate for themselves. The act of 1840 had procured 10
years of tranquillity, but now he believed that the people
of Canada were in favour of the secularisation of the re-
serves, and his opinion was that the great principles of
self-government demanded that the question should he left
to their decision.
Sir R. INGLIS was, not like his right hon. friend, in-
clined to wait for future stages of the bill, seeing that the
principle had already been clearly announced. They knew
that the measure before them was one enabling the Cana-
dian Legislature to deal not with a religious principle, but
with property, the property of the clergy. The word
"clergy" was one of plain signification as regarded the
disposal of these reserves, and could not be misunderstood.
by the most ignorant and Radical member of that- house.
(A laugh.) The learned Solicitor-Generali who was slum-
bering on the Treasury bench, could tell his CDlleagues
that the word meant clergy of the Established Church.
(No, no.) Being of 'that opinion, and hosti'ke to the
alienation of their property, ho hoped he should receive
general support in opposing the present stage of the bill.
Lord J. RUSSELL said that if parliamentary grants
were to be irrevocable, then was the act of 1840 an.-unjusti-
fiable interference with the act of 1791. But the r'Lght hon.
gentleman, the member for Droitwich, went further, and
had laid down in a dispatch thatsif the irrevocal do act of
1840 was not found satisfactory, it should be superseded by
another irrevocable act in 1853. The question was not one
as to whether endowments made by parliament should last
for ever, but whether parliament should adopt the rule that
all questions of local concern should be left to the local par-
hament of Canada. (Cheers.) Now, on that que.THon her
Majesty's Government had no doubt whatever. (Cheers.)
They thought that they ought to allow the Canadian par-
liament to legislate on this and every other local subject.
(Hear, hear.) For his own part he should be glad if the
parliament of Canada were contented with the settlement
of 1840, which was considered satisfactory at the time, and
which even now he thought might as well be loft undis-
turbed. The Canadian Parliament might find that in dis-
turbing the settlement they were opening up new grounds
of animosity ; but, however that might be, he did not think
they were justified in opposing the will of the local Parlia-
ment, who seemed determined to deal with this subject.
Look at the history of our legislation in Canadia n affairs.
He could not think that Parliament made a Wise provi-
sion in 1791 in dividing the two provinces. (Hear, hear.)
By that measure the free commerce of the two provinces '
was prevented, and the differences of race, of religion, and
of prejudices, engendered such conflicts between the two
Parliaments, that Earl Bathurst was obliged to take the re-
venues of the colony, and distribute them without reference
to other legislation. The union, however, had remedied
many of these evils of a former time. oth parties had
yielded up obstacles to their mutual prosperity, and since
then Canada had made more rapid progress, not only than
any of our own colonies, but than any part of the. United
States. They had exerted themselves harmoniously, be-
gun sime t
ph
eeryildf feat
atrhuaat thein e
nyt, hadand bheee ntr•lisetael(ti wtihtaht htohnoe stp
present
ebnyt
bfill would additional
erepdroionf.to(tchheemerstr such mode
o
wmEas an
to b
begged to thank the Government for the
mdera n ngu be
were by this measure about
to complete system of self-
government
alone could secure permanent peace and
hcaodntitnr-tuasynce
said,of
course they had taken in reference tothitiLqtuestion. Th
which
that prosperity which, a
the hour when responsible government
commenced from
tranquillity to Canada'
asntdhetenieobsluerelotrhde
hon. gentleman tho Under
He begged also to thank the )
• s (Mr. F. Peel for the candour he
Secretary for the Colonies
able speech with which he had
was first conceded to that important colony. (Hear, hear.)
had displayed in the very
(Hear, he had expresscl
• ht be assured that the sentiment
might hear.) The hon. gentle-
manin that speech would bus
the enunciation by the minister of
introduced the motion.
ceived
with
the people of Canada,. grt satisfaction by
the Crownwhich he (Mr. Hume)
• to prosper, and
would continue extended to all our colonies.
trusted would be speedily friend the member for Oxford
of principles under which alone the colony
(Hear.) He ho his hon.) would divide against the motion
University (Sir R.
oh that which was the main
might be at once ascertained_ .
a• the people of Canada
principle of the bill—that of allowing .
with this question of clergy re-
to deal as they pleased
as he had intimatedl,nignliosider that the feeling of the house
ulo deal as to produce peace
they had the power they w . .
n the colony.
and contentment to all parties i
andagreed to, Sir R. INGLIS
The motion was then put
himself with meeting
serves, and with which he forde had no doubt that when
declining to divide, but contentingel,
the question with a formal " N •
NEW BILLS.
rovisions relating to the
the table, a bill to renew thy P
Ireland, contained in the
collection of grand jury cess ilea.
65.
expired act of 14 &15 ...:t 2_.
Vie.B.K.A.L brought in his bill to re-
Sir J. YOUNG obtained leave, and afterwards laid on
The SOLICITOR-GEN .
also introduced his measure to
Mr. H. DRUMMOND f land.
facilitate the sale and pureli °, time.
All these bills were read a mat
Bill as considered as amended
gulate the office of examiners an ChancerY.
The Transfer of Aids w
and the report agreed to. _
improvements, authorising re-
house on the metropolitan
olited was brought up
payments out of the Cons
ded thereon ordered to be
and agreed to, and a bill fowl
brought in. half-past 7 o'clock.
The resolution paf3sed by the committee of the whole
The house adjourned at
----:............

hers. I instangs theßresbyteriansin connection with
the Church of Scotland, who, I believe, have lost
more than one-half of their adherents since 1840.__SooR

after that year, the schism tooli—Piale—ixT that Church
and extended, however unaccountably, to our North
Americaie colonies and I find that the Free Church of
Scotlandpaa now more followers than the body in con-
nection with the`national Church of Scotland. It is very
natural too, as we thinklethat other bodies, the Wesleyans
&instance, with 100,000 persons belonging to their com-
munion, should desire to participate to a greater extent
than they now appear to do in the advantages of this fund.
There has also been a desire expressed for the secularisa-
tion of these reserves ; but it does net matter what is the
view'entertainecl—be the force or form of public opinion in
that country what it may—there are not any means of
.giving a legal and constitutional expression t) their senti-
ments—there is an insuperable obstacle in the way. That
obstacle is the act of 1840, and the object of this bill will
be to remove that bar. Now, lam anxious, sir, to explain
precisely the object of this bill. We do not intend by it in
any way to alter the present condition of things. We leave
the different denominations in that colony, not certainly
upon the' same, footing as that on which they have hitherto
stood, but •in the same relation which they have hitherto
borne to each other. All that we propose to do is to vest
in the Legislature of Canada the power, if they think fit to
exercise it, of altering that arrangement. I think it preci-
pitate to anticipate that these clergy reserves will, in con-
sequence of this concession, be of necessity alienated from
religious purposes, and seclarised by the Legislature of Ca-
nada. There are in that colony people who think, as I do,
that in a new country, perhaps even more than in an old
one, it is of the greatest importance to have a public pro-
vision applicable to the payment of stipends to ministers of
religion. It is only- when you have a provision of that kind
that you can secure the presence of clergymen and the mi-
nistrations of public worship in every community, hop--
ever poor, however remote they may be from the seat of
Goverament. And, sir, we ought not to forget that the
clergy and the laity of the Church of England, and the
other denominations in that colony who are interested in
the maintenance of this fund* as applicable to religious
purposes, constitute by no means an inconsiderable mino-
rity in that country. There is a very just remark made
by Lord Elgin, in one of his dispatches, where he says
that there is this evil attendant on the present arrange-
ment, that " those in communion with the churches pecu-
liarly benefited by this fund, instead of trying to influence
the public mind of the colony, are continually looking to
the opinion of the mother country, and content to take
shelter under the shadow of an act of Parliament, while, if
left to themselves, there may be very good ground to an-
ticipate that they will be able to make their opinions
shared in by others." Why, I see it stated that, at the
last general election in the colony, in the mouth of Decem-
ber, 1851, they put forth their strength, and succeeded in
carrying no less than nine elections, displacing from the
Legislature some of thOse who took a most prominent and
active part in advocating the secularisation of these re-
serves ; and, therefore, I am not altogether without hope
that the party which is at present interested in the exist-
ing apprepriation of this fund may possibly be able to bend
the Colonial Legislature into taking that direction which
they consider that the well-being of the country requires.
But, be that as it may, I contend that the subject is solely
and exclusively one for the consideration of the Colonial
Legislature. (Cheers.) It is not an imperial, but a local
concern. That is the ground that we occupy in bringing
forward and advocating the adoption of this bill. We
say that in bringing it forward we are carrying out the
principle which has guided our policy towards that coun-
try of late years. It is a liberal, but, at the same time,
as I believe, a just and well-founded, confidence in the
good sense and the loyalty of the inhabitants of that coun-
try, which has prompted us to extend to them an almost
unlimited measure of power of self-government. They
have now a Legislature, the popular branch of which is
freely chosen by themselves upon any electoral basis they
may choose. They vote their own civil list ; they have
executive control over the land fund, and the disposition of
its proceeds. Even within late years we have made
other great concessions in the same direction—we have
surrendered to the colony the management of the customs
department—we have discontinued imperial duties, and
since the repeal of the navigation laws we have removed
every restriction upon their trade with ourselves, our other
colonies, and with foreign countries. We have gone even
a step further, and given them what they consider a re-
sponsible Government. Until the other day, their execu-
tive was nominated by ourselves, and the principles of its
policy were the principles of the Administration at home ;
but now they have an executive whose policy follows the
policy favoured by the majority in the House of Assembly.
Well, then, I cannot see why you should make any distinc-
tion with regard to this particular description of property ;
nor why you should not place at their disposal this portion
of the public lands of the province. I see in a pamphlet of
Archdeacon Bethune that in respect to the claim of the Co-
lonial Legislature to have the disposition of their lands, he
states that " these lands were bought with the money of the
British Treasury, and that we still pay salaries and pensions
to the Indians for having taken their land from them." He
refers, I suppose, to the 13,0001. which is paid every year
in pensions to the Indians ; but then that is paid, not
in respect of land taken from those Indians, but in respect
of services rendered to us by them in war. Now if that
be the Legislature, and this• the executive—if that Legisla-
ture represents so large a population, and has'such impor-
tant and varied functions vested in it, I am sure that this
house will be disposed to pay great attention to its wishes
and representations. (Hear, hear.) Nowlhow stands the
question in this point of view ? I need not go to an earlier
period than the month of June, 1850. At that time the.
House of Assembly passed several resolutions, and an ad-
dress to her Majesty, praying that the power which we
now propose to confer on them might be granted. Lord
Grey, who was then Minister for the Colonies, told them
in a dispatch in the month of January, 1851, in answer to
that address and those resolutions, that he regretted that
the agitation had been revived on this question—that he
had hoped that the act of 1840 had permanently disposed
of it ; but as it was the wish of the Legislature of Upper
Canada to deal with this question, that he, regarding it
entirely as one of local concern, was prepared to recom-
mend the introduction into the Imperial Parliament of the
requisite measure. When that dispatch was received in
Canada I find that both houses, not only the House of
Assembly which had voted the address, but the Legisla-
tive Council as well, passed addresses of thanks to her
Majesty for the communication they had received from
her minister. Later in the same year Lord Grey
announced 123 Lord Elgin that, in consequence of
the extreme pressure of business in that ses-
sion (1851), he had found it impossible ;to introduce
the measure ; but he undertook to bring it forward
early in the session of 1852. I need not say that
we had not far gone in that session when Lord
Grey and his colleagues retired from office, Lord Grey was
suceeeded in the colonial department by the right honour-
able gentleman whom • I see opposite (Sir J. Pakington).
That right honourable gentleman, I have no doubt, gave all
the consideration to this subject which its importance de-
manded of him ; but he came to the conclusion that he
could not advise the introduction of the measure which Lord
Grey had undertaken to bring in in the course of that ses-
sion. I now come to the resolutions which were passed by
the Legislature of Canada so late as the month of Novem-
ber (as we understood) on the receipt of the intelligence
sent by the right hon. gentleman opposite. In December,
1851, there was a new Parliament, and the right hon. gentle-
man stated among other reasonsforpostponing the measure,
that since the addresses were passed by the Canadian Legis-
lature there had been an appeal to the country, and he un-
derstood that the laity and clergy of the Church of England
had succeeded in carrying several of the elections. (Sir J.
Pakington was here understood to dissent.) The right hon.
gentleman understood that there had been a change in the
opinions of the House of Assembly, and he would wait to
hear the result of a reference being made to them. He stated
in a dispatch of April 22, " I have in the first place taken
into consideration the circumstance that since any opinion
on this difficult subject was expressed by the Legislature of
Canada, a general election has taken place in the province,
and it is as yet uncertain what the views of the new House
of Assembly as to the disposal of the clergy reserves
may be." Now, sir, there cannot now be any doubt as
to what the views of the present Assembly are. They
have passed the resolution in strong terms remonstrat-
ing against the decision of the Colonial Minister ; and
the material point to observe is, that this resolution was
brought forward upon the motion of Mr. Hincks, the head
of the Government in that country. Therefore you have
in the year 1850 the House of Assembly, in 1851 the Legis-
lative Council, and in 1852 the Administration of the
country all concurring in pressing this motion on the
adoption of Parliament. I know that the right hon. gen-
tleman has said, "that the divisions which carried the re-
solutions do not express fairly the opinion of the country,
because you must bear in mind that this is not a Canadian
question—that the great bulk of this property is in Upper
Canada, and that the divisions, which show a majority of
thirty or forty on the question, include the Roman Catho-
lic members of Lower Canada ; and it seems but fair, in a
question which solely and exclusively concerns the upper
province that they should refrain from taking part in those
divisions." Now, I differ here entirely from the right hon.
gentleman. I think the Roman Catholic members had a
just claim to take part in these divisions, because you must
remember this material point, that there has been no pro-
position for the secularisation of this fund since the year
1840, or if there has heen it has received very inconsider-
able support—three or four votes. Now, all that the Ro-
man Catholic members do in supporting these resolutions
is to &millet they think these funds ought to be left to be
dealt vs% by the local Parliament as it deems fit, and that
they wish to put the Protestant endowment in Upper
Canada on precisely the same footing as their own endow-
ment in the lower province. Now that is all the Roman
Catholics seek to do ; and I will show the house that the
endowment of the Roman Catholic clergy in Lower Canada
may be dealt with by the local Legislature if it thinks pro-
per to do so. By the terms of the capitulation of Quebec the
Roman Catholic clergy were secured in their accustomed
tithes and dues from the members of their own communion.
I believe as a general rule the terms of capitulation remain in
force in a general peace, and that if these terms are to con-
tinue to be respected the usual course is to embody- them in
some legislative enactment. Now I find that an act was
passed—the Quebec Act, as it is, called—in which this pro-
vision was made, " For the more perfect security and ease
of the minds of the inhabitants of this province, it is here-
by declared that his Majesty's subjects professing the reli-
gion of the Church of Rome may have, hold, and enjoy the
free exercise of the religion of that Church, subject to the
king's supremacy; and that the clergy of the said Church
may have, hold, and enjoy all their accustomed rights, tithes,
and dues now payable by such persons only as profess the
' religion of the Church of Rome." If that was the only act
affecting the endowments of the Roman Catholic Church,
they would be placed in precisely the same position as the
endowments of the Protestant Church now stood, and
there would be no power in the Colonial Legislature to alter
them; but in the very constitutional act of 1791 this very
provision was made which we now wish to adopt for these
Protestant endowments. The 35th clause, after the decla-
ration that I have referred to, says, " Be it enacted that
the said declaration shall remain and eontinuo to be of full
force and effect in each of the Enid two provinces of Upper
rnd
bC,y
oa Canada ay
actsrpeas r
tpwe h
ht iceyhr ee lmoyf
yes
hxbacee pu be
passed
ine
xs opbr
efya rstshlayes
variedtChasaadi ado
radnreedephe; aaolewt
Legislative Council and the House of Assembly of the said
provinces respectively, or which may be assented to by her
majesty or any of her successors, under the restrictions
hereinafter provided?' Therefore you see that the Roman
Catholic endowment of tithes and dues, which those of the
Roman Catholic persuasion are now bound to pay to the
clergy of that church, may at any time be abrogated by an
act of the Colonial Legislature ; and inasmuch as all that we
propose now to do is to place the Protestant endowment in
Upper Canada on precisely the same footing, I cannot see
why the Roman Catholic members of the local Legislature
should be objected to because they took part in a decision
upon this subject. (Hear, hear.) Upon these grounds,
then, I beg leave to introduce this bill. On the part of
the Ciovea=ent I clkcltiim its being brought in is allY Un-

61

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THE SUN, LONDON, WEDNESDAY EVENING, FEBRUARY 16, 1853

`52,877/. is dedncted for interest on loans and preference
shareS, and 41,861/. for plant allowances to carriers and
for defalcations, leaving 134,2671.

The supplementary report stated that, by a circular
addressed to the shareholders of this company, and bear-
ing date the 17th day of November, 1852, they were in-
formed of the intention of this company to seek powers
towards effecting an amalgamation with the Brighton
'company. The report to this meeting was issued on the
sth instant, under the expectation that the Brighton
company intended continuing their application for powers
to effect such an amalgamation. On the 7th instant,
at the request of the Brighton board, an inter-
view took place between a deputation• from this
board and a deputation from the Brighton board.
At that interview it became known, for the first time, to

the directors, that there existed impediments, not arising
from any difference of opinion between the two com-
panies, or affecting the merits of the question, but which
were sufficient to render the withdrawal of the bill for

the present expedient. The bill will, therefore, not be
proceeded with. This being the case, and there being
no intention at this meeting to do more than call the at-
tention of the proprietors towards the prospective attain-
ment of an object certainly desirable, under due limita-
tions, the directors have only to express their satisfac-
tion at the continuance of amicable relations with the
Brighton Company, and to renew their assurance that
no further steps towards altering their relative positions
will be taken, without due notice, and without the ex-
press sanction of the proprietors obtained at a special
meeting convened for the purpose.

The CHAIRMAN said, before he moved the adoption of
the report, he felt it his duty to make one or two obser-
vations, but in doing so he had to claim the very favour-
able indulgence of the meeting on two grounds. In the
first place, he followed a chairman who had presided
most ably over the affairs of the company, and who was
fully conversant with all railway matters ; and in the
next, it was to be recollected that they had lost their
secretary and their traffic manager, which had necessarily
thrown great responsibility and additional labour on the
board and on himself personally. It had been said that
the directors were afraid to compare the company's re-
ceipts of. 1852 with those of 1851. Such, however, was
not, he begged to say, the case, although it was
thought by the directors that it was only fair and
just to contrast ordinary traffic with ordinary, and
not with extraordinary traffic ; and it should be
remembered that 1851 was altogether an exceptional
year. The receipts of 1851 exceeded those of 1850 by
something like 70,0001., and those of 1852 by more than
42,0001. The amounts in the respective years were as
follows :-1848, 481,5001. ; 1849, 530,8771. ; 1850,
559,1131. ; 1851, 656,4201. (being an increase of about
100,000/.) ; and 1852, 611,2411. It would be found
that, compared with 1848, the receipts of the last year
had increased nearly by the sum of 130,0001. On the
whole, therefore, the state of their receipts could not be
looked upon as otherwise than favourable. It was not
unfrequently supposed that the directors had an object
in blinking certain questions ; but as long as he had
been on the board, he had not only not shrunk or flinched
from any inquiry, but had wished, and even courted,
the closest and most searching investigation upon all
matters. He was also anxious to give the fullest infor-
mation to the shareholders, and, if possible, to satisfy
any doubts which they might entertain. In that room,
and at the Nine Elms, there had been witnessed
scenes which all must have regretted, and he hoped
would never be again renewed. It was the basis of all
commercial and mercantile undertakings, and a primary
necessity to their success, that there should be entire
confidence between the managers and the parties whose
capital they had invested in these undertakings. In
tohrdaueratoeieaatrtain and tlhuaetid esitiadiemnoetuhtinogf
th-ae-asir
wmhoorle
e desirableproceed-
ings. (Hear, hear.) This he wished the shareholders
to have, and he admitted that the reports of this com-
pany were not so exactly prepared as that he who ran
might read ; but others were of a different opinion, and
it was, after some discussion, decided by the board that
they should be kept in their old form. He now came
to the closing of the capital account. (Cheers.) No
one was more willing than himself to join in that cheer ;
but he must observe that, while it was very handy to
close the capital accountsof docks or canal s,itwas extremely
difficult to close those accounts altogether in connection
with railways. He thought that the purchase money of
the Belmont property was very properly charged to
capital. It would give the finest river side property in
the metropolis for goods traffic, and would confer con-
siderable advantages upon the company. As to the
charges to revenue there was a very ugly item in the
shape Of defalcations and bad debts, which were chiefly
occasioned by the conduct of the traffic manager. There
was an old Scotch saying "let bygones be bygones, '
which he hoped would he observed on the present occa-
sion. He sincerely trusted this item would not again
appear so prominently in the charges to revenue. As to
the future state of the company he did not intend to
deceive the proprietors by drawing a highly-coloured
picture. He wished all to judge for themselves, but he
could not help saying that he was inclined to think that
the prospects of 1853, and of succeeding years, were not
of a gloomy character. If he looked especially to what
was now going on at Southampton, there were
many grounds for congratulation. That port was
now occupied in preference to Plymouth by a
great steam-boat company, *whose ramifications ex-
tended to the furthest parts of the globe. The South-
Western Railway formed a link in that great chain of
communication which commenced at London and belted
the world, and it would derive the greater portion of the
traffic which annually came to Southampton. The Pe-
dhcmwumnaeeniii
arrrt. itgdenhnsheau loh:
tktrwofeiafaneowwrkegrpailand Oriental Company had doubled the number
of their boats sailing beyond the Isthmus of Suez, the
General Screw Company had extended their lines of ves-
sels to Australia, and the Royal Mail Company were
only waiting for a canal through the Isthmus of Panama to
semi their boats across the Pacific as well as the Atlantic.
He was happy to state, also, that there had just been opened
a short branch on the South-Western, which would link
together Southampton, which was undoubtedly becoming
the port of London, and the great manufacturing dis-
tricts of the North. He alluded to the junction with
the North-Western Railway. Various rumours had
been circulated as to the reasons which led to the con-
struction of the branch. It was but justice to the late
He, howessnovtraodgosaeoisrsnunest:'
chairman, to say that he persevered in advocating the
making of it at a time when it was most unpopular,
owing to unfortunate dissensions among the sharehold-
ers, . respecting the further outlay of capital. There
could be no doubt that this branch would materially
augment the traffic to the main line. But in their future
prospects there were shadows as well as lights. If in-
creased intercourse with Australia and California
brought wealth to them, it would also bring wealth
to othars, and if money became plenty, they might
rely on having to encounter a good many
competing schemes. He, therefore, trusted that the di-
rectors would so conduct the business of the company
as to obtain the confidence of the proprietors in regard
to what measures they should support and what oppose.
(Hear, hear.) A delay, even of only a few hoprs, or the
calling of a meeting was prejudicial to the success of un-
dertakings
ahpiwener
epe
husiojeal
fddnd
ethapaipnuvrotaebs
uealt
iwpei
no
railway
s otcfhlioo emrai
opportunitytpgecompany.
ne theretyaot.
out expecting or even desiring the honour, and he did not
was no more unsatisfactory office, or one less attended
dpshsbshteanueaenadetkng.thdt personally,
eht hequittedHiheaooctntepihrwuaunhdtiwarsrhi
a:smia:bf
forced
rec
cda
euds noe
intoi more ao
awakened
the ea k
powerene
chair, d alarm.wthiwith-
out
(Hear and laughter.) Yet, he considered that "a man
preside over a body of men either in political or commercial
of relinquishing the post for a more able and experienced
amount of inconvenience, and to undergo much slavish
toil day after day, and sometimes night after night.
(Hear.) The South-Western Railway was said to be a
" slow line," but they might congratulate themselves
that it was at least a safe one for travelling. Every pre-
caution had been taken to secure the safety of passengers,
and the directors had already put into operation a sim-
ple invention for a communication between the guards
and the engineers of the trains travelling along the rail-
way. During 10 years not a fatal accident had hap-
pened to a single passenger, though two millions of miles
were run over in the course of every year by the trains.
Great praise was therefore due to the officers of the
company, for it was chiefly to them they were indebted
for this comparative exemption from accidents. The
chairman concluded by moving that the report be adopted.
_ Mr. UITROFT complained that the frauds and irregu-
larity of the servants of the company had become a gene-
ral matter of reproach against the managers. Neither
the Great Western nor North Western Companies were
subject to such conduct or losses on the part of their
employers. He thought the office of treasurer, who, it
was reported, received 1,000/. a year, should be abolished,
as he did not appear to operate as any check against
losses. He desired to know if the temporary share loans
to the late Mr. Chadwick had been repaid ?
The CHAIRMAN said the accounts of fraud by their
servants that had got abroad were very exaggerated.
Mr. J. HIBBARD, the deputy-chairman, observed that
the treasurer, Mr. Morgan, only received 4501. a year,
and no gentleman could be more zealous or indefatigable
in the discharge of his duties. As to the 3,521/. owing
from the late Mr. Chadwick, it was secured on land, and
would most likely not appear again in the accounts.
Sir R. JARvis complained!' of the want of accurate
information in regard to the steam-boats of the com-
pany.

eteoisv,
returneodo .e 1 . t
Mr. HERAPATH said he understood that the boats
hth wereee nt contracthteed aamtthee7s, Odt 0i
directors
m
in
The CHAIRMAN observed
S d -
and not 7,0001. a-year.
Mr. HERAPATH continued. If the contract was as he
stated, the company might yet have to sustain very
in which
et
ah ra we,
that
et andthhethe rent
compelledthwaetreaccording
wasr e
great loss in regard to these boats. After making some
desultory observations upon the various topics in the
report, he said he admitted that he was on the whole
very well pleased with the document as well as with the
statement of the chairman.
Mr. HOYES, auditor, said the rent paid to the
steam-boat company was at the rate of 51. per cent. on
their capital of 100,0001.—that would be about 5,000/.
a-year.
Mr. BAKER wished to know whether the boats were a
profit or loss to the company.
The CHAIRMAN said he could not reply otherwise than
that they were remunerative to the South-Western
Company, but he admitted that arrangements might
be made to make them contribute morn to the receipts
of the company.
Mr. CHAPLIN (director) said, that during the last five
years they had netted by means of these packets no less
a sum than 47,000/. He thought it would be most inju-
dicious to unfold the precise state of their relations with
the steam-boat company at the present moment.
Colonel HENDERSON assured the meeting, from his
personal experience of the working of the packets, that
it would bo a most unwise step to get n o dthem,
as

the profit they yielded to the railway was very consi-
derable.
Captain MooßsoM said, though he was no Sabbata- LIVERPOOL.—FEB. 15.
rian, he hoped something would be done by the directors
to afford an opportunity to the servants of the companyo. The buoyant tone observable in our corn trade' durin
nent
the week was somewhat checked to-day by ge
to attend divine worship on Sunday. slackness of demand, and prices were scarcely so goo4a as:
The CHAIRMAN replied that the directors were not on Friday. The advance on last Tuesday's quo-WU.
insensible to the propriety of making some arrangement however, must be celled ld to 2d per bushel on ivh• a
sy:
for that purpose. The subject had already occupied the r
articlesbr
arrc and sack on flour, and 6d per load on
attention of the board, and he hoped they would shortly
of
price. of the grain trade were without alt. ation.
be able to meet the views of the hon. proprietor. .
After some further discussion, the report was agreed
to, and a dividend declared at the rate of 4 per cent.
6t this day's
for the half year. r the last thre'
The CHAIRMAN then proposed a resolution sanctioning g wheat, they
the agreement which had been entered into for leasing lerefore, why
the line proposed to be made between Wimbledon and an advance
Mitcham. ,o 2s per qr.'
Mr. BAKER moved an amendment to the effect that ite as dear.
the agreement be not sanctioned. Mitcham was only
pER
celebrated for its geese, and now the directors proposed ;riuding
to make the shareholders geese, by getting them to sanc-
tion a branch, the only object of which was to benefit
certain landowners in the neighbourhood. (Laughter.)
He hoped the meeting would decide against proceeding
with such an improvident undertaking.
Mr. BEATTIE defended the scheme, and maintained
that the refusal of the shareholders to confirm the agree-
ment would amount to a vote of want of confidence in the
board. (Hear, and "No.") If repudiating the arrangements
entered into by the directors became the order of the
day, they would no longer possess honour and integrity
as a railway company, and be enabled to keep in good
terms with other companies.
Mr. MORTIMER, a director, opposed the scheme, be-
ing of opinion that the company had already quite
enough of branches in connection with the main line.
A long discussion ensued, and on the question being
put the amendment was carried by a very large ma-
jority.
A resolution was then passed authorising the direc-
tors to take such steps as they thought necessary in re-
gard to other projects.
It was then proposed that the four vacancies at the
board be filled up, upon which an amendment was
moved, that the number of directors be reduced from
14 to 13.
The resolution was lost on a show of hands.
The amendment was then put as a substantive reso-
lution, upon which another amendthent was proposed,
that the four vacancies should be filled up, and that it
should be a recommendation to the board not to fill up
the next vacancy that should occur.
The resolution diminishing the number by one, was
carried by a considerable majority.
The proceedings had not terminated when our reporter
left.

coin

ETS.

IPSWICH—FEB. 15.
The supply of wheat brought for sale at this day's mar"
ket was scanty, as has been the case for the last three or
four market days. The millers wanting wheat, they are
obliged to look about for samples, and, therefore, whatever
was offered for sale was freely taken at an advance of 11
to 2s per qr. Barley also was fully is to 2s per qr. dearer,
according to quality. Other things quite as dear.
PER QUARTER. PER erAlllne.
Wheat, red (old) 42s to 51a Barley, grinding ... 28a to
'-
Ditto (new)
308 to 31
Ditto, white (new) 50s -Le 568 Peas
00s to 00
Ditto (old) ......... 00s to 00s Oats
Barley, malting ... 33s to 37s Flour, per sack

AURIGA!! FOR THI WEEK ENDING FEB. 12, 1853
Wheat
Barley
Oats
Beans
Peas

HULL—Fan. 15.
The trade has been very firm, and each article tends
upwards. The navigation of the Elbe is now closed, t!''
we may look for a falling off even in our small suPPll°Ph?
To-day our farmers brought forward a moderate suppgly
ht,
wheat, the condition of which was improved, and brou
fully the prices of last week. More enquiry for foreign.
wheat, and a few parcels have changed hands on specula:
tion. An unusually limited business passes in barn'
indeed, we hardly ever remember so little doing in fee
qualities. Oats are more in favour and attract space;
tion. A better demand for boiling Peas. Beans go on
in
-
full prices to consumers, and are not plentiful. The
seed market decidely better, owing to the increased Vane
h_e
of oil. Cakes have also advanced, in consequence
severe weather. Nothing doing in rapeseed, but zak°°
move off at our quotations. Bones are fully as dear.
The following are the present prices of grain :
8 8
Wheat, English, red 46 to 49'
Ditto white 5O to 52
Dantzic and Konigs-
berg
Pomeranian and Ham-
burgh
Danish, Holstein, and
Friesland 44 to 47
Russian and Odessa 40 to 45
Oats, English
Ditto Danish
Ditto Friesland
Ditto Russian l7 to 20
Barley, malting
Ditto grinding 27 to 28
Beans
Ditto foreign
Peas, white and yel. 38 to 40

50 to 541

Peas, gray and black 35 to
Linseed, Black Sea 50 to D..'
Ditto Petersburgh 44 to bo
Ditto Riga and Arch-
-42 to 46
angel
Ditto Konigsberg and
Memel 4O to 46
Per Ton.
Lins. c., Hull 91 5s Od to 0105
Ditto fine for. 8/10s to Sl 155
Ditto inf. for Bl Os to 01 0°
Rapeseed 291 Os to 001 Os
Rape cakes
Tares, English...... And
Ditto foreign ...... 000 to
Guano 41 71 to 91 r,
Bones 1000 to 1024
'Rye Meal ..................

CORIC-FEB. 14.

Brls. Currency...
41 White wheat 25s 9d to 278 6d. Os Od-20 sll7
50 Redwheat 22s Od to 25s 33
Ditto
Ditto 00s 01 to 005 Od 00s Od-20
--
008 Od to 00s Od
303 Barley 145 3d to 14s 8d
Ditto 00s Od to 008 01 145 61-16 do'
Ditto 00s 01 to 00s Od
Bore 00s Od to 00s Od Os Ott
347 Oats lOB Od to 10s 21 do.
307 Ditto. lOB 2d to lOs 6dj. 108 3d
144 Ditto... lOs 6d to lls ld
174 Pigs ......., 40s 6d to 42s 01 42s 3d per 00"
Quantity sold at the highest prices :
11 barrels white wheat ; 8 red ; 11 barley ; 0 bore ;
oats ; 38 pigs.
Quantity of grain and number of pigs sold last week
Wheat, 337. Barley, 911. Bore, 0. Oats, 305
Pigs, 339.