The Sun.
London, England, 1849-08-23 00:00:00

V2l3tttoti
YORK RACES.

(THIS DAY.)

(BY ELECTRIC TELEGRAPH.)
THE GREAT EBOR HANDICAP.
The Hero 1
Fernhill
Maid of Team Valley
EllerdAle
Won by a neck.

CRIMINAL COURT.-(THIS DAY.

NEW COURT

(Before the Rs:ComDJ. andAir:Alderman MuscaovE.)
Joshua Simmony, 31, a dealer in all sorts of things in
Field-lane, Holborn, was indicted with stealing, on the
26th of July last 40 yards of doeskin, value 51.105., the
property of Joseph Bertram and Co., who are large
woollen-drapers on Holborn-hill.
Mr. Ryland and Mr. Laurie prosecuted for the City,
and Mr. Clarkson defended the prisoner.
From the statements of counsel, and the evidence ad-
duced, it appeared that oa Thursday, the 26th of
July last, the day of the memorable rain and
hail storm in London, two of the City police in plain
clothes saw the prisoner on Holborn hill, about half past
three o'clock, is ith a bag on his back; they asked what
he had got there, and he said some stuff for making
trousers, which he had bought of a person in the street,
whom he said he did not know. lle was asked what he
gave for it. He refused to say, stating ho would answer
no more questions. He was then taken into
custody by one of the officers, while the other
went to search his house. The prisoner afterwards
effected his escape, and upon being retaken by the
officer he struck him severely in the head, and nearly
knocked his eye out.
Some of the partners in Mr. Bartrum's stated that
they had missed property like that produced from their
house in Holborn, and that they believed it was theirs.
Mr. CLARKSON addressed the jury for the prisoner,
and called several witnesses, one of whom swore that
the property alleged to have been stolen by the prisoner
was offered to him for sale by a person he did not know,
and the others gave the prisoner a good character.
Mr. RYLAND having replied,
The RECORDER summed up, and
The jury, after a'„ few minutes' consultation, ex-
pressed their wish to retire, and were accordingly
locked up.
The jury had not returned into Court when our re-
porter left.
A SCINE IN COURT.--A gentleman entered the box
to complain of the conduct of a person then in court.
He stated that he was a surgeon named Howlett, en-
gaged on a case then waiting to go before the grand
jury, and the person whom he complained of had at-
tempted to withdraw the prosecutrix in the ease, and
repeatedly asserted it was a case got up by the surgeon
and police to get expenses.
The RECORDER observed that it was a most dis-
graceful affair, and proceeded to examine the witnesses
on oath.

Policeman D 212 stated he was near the defendant
w hen he said to the prosecutrix, " This be d—d,
it is a trumped up case by the surgeon and:police. I shall
go out of this door, you follow me." Upon witness
telling him of the impropriety of his conduct, he told
him to mind his own business, and took his number.
Policeman 89 D corroborated this statement.
The RECORDER (to defendant)—You stand committed.
Defendant—(most violently)—lt is all false and unjust.
The RECORDER Your are committed ; what is your
name ? Defendant—" Charles Pricey."
The RECORDER—Where do you live ? Defendant—
" Newgate," at present.
The defendant was forcibly removed, protesting
violently against the justness of the case.

EAST ANGLIAN RAILWAY.
(TATS DAY.)

The usual half-yearly general meeting of the pro-
prietors of the East Anglian Railway was held this
afternoon, at the London Tavern; Mr. Bruce, chairman
of the Board of Directors, in the chair.

The following extracts from the most important part
of the directors' report:—

" We have the satisfaction to inform you that the Bill,
to sanction which you met here in Juue, has received
the Royal assent. This Act grants an extension of time
for making the line from Ely to St. Ives, and authorises
the company to effect this important object by means of
arrangements for leasing the line from parties who may
be disposed to invest capital in its construction. It also
authorises the conversion of the bond debt into share
capital, and the raising of 80,7261. 10s. for paying the
liabilities of the company, by means of the issue of new
shares bearing interest at the rate of 7 per cent. per
annum, and preferent to any other shares of the com-
pany. We feel confident that when the objects for
which this Act was obtained are carried out, the antici-
pations regarding its beneficial effects on the_ value of
your property will be fully realised.
" We have also very great satifaction in informing you
that the Norfolk Estuary Bill has passed into a law.
Those only who are acquainted with the trade of Lynn
can estimate the importance ca this measure to that port,
and consequently to cur railways. The anxiety evinced
by the corporation, merchants, and traders of Lynn fur
the success of this project, affords the best criterion of
the value attached to it, and which, when carried into
effect, must give to the port of Lynn that importance to
which its geographical position evidently entitles it.
"The Eastern Counties' Company having brought into
Parliament a Bill to authorise the amalgamation of that
Company with the Norfolk Company, in which Bill were
inserted clauses increasing to a considerable extent the
rates legally chargeable by the latter company, also
giving them certain powers which, if exercised, would
prove injurious to your traffic, we felt ourselves com•
pelled, by a due regard for your interests, to oppose that
Bill, which was consequently rejected by a Committee
of the Lords. An examination of the chart will enable
you fully to estimate the difficult position in which your
lines would have been placed had the Eastern Counties'
Company, who already possess the port of Wisbech, ob-
tained so large an interest in promoting the trade of
Yarmouth and Lowestoft, to the prejudice of Lynn and
of your railways, which the advanced tolls sought to be
legalised would have enabled them effectually to have
accomplished.
" We have ever been anxious to enter into equitable
arrangements with all adjoining companies for the im-
provement of the traffic of our districts, to our mutual
benefit; but past experience has taught us the necessity
of having all arrangements of this nature legally binding.
No progress has yet been made in the adjustment of the
several matters that have so long been arranged for sub
mission; to the decision of arbitrators; we have ex-
pressed to the new board of the Eastern Counties Com-
pany our anxious desire to have these matters settled,
and we have been assured that they shall receive their
early attention.
" The statement of the revenue account for the half-
year ending 30th June, 1849, exhibits a diminished
amount of receipts, as compared with the half-year im-
mediately preceding.
" The causes IN hich have led to this decrease have
from time to time been the subject of investigation by
the board, and they have been found chiefly to have
arisen from the bad harvest of last year, which, together
with the first commencement of free trade in corn, has
produced that extrema degree of depression which has
prevailed through every branch of trade in the couaties
of Norfolk and Cambridge, and, we believe, in the agri•
cultural districts generally. The advance demanded by
the Eastern Counties Company in their rates for the
conveyance of coal, and other heavy articles, while the
rates by water have been considerably reduced, has a
had an injurious effect on our traffic, as is apparent from
the above tables.
" rlhe prospect of an abundant harvest, and tho passing
of the Norfolk Estuary Act, give us good grounds for
expecting that the traffic during the current six months
will yield a more satisfactory result.
" With reference to the expenditure, we have satisfac-
tion in calling your attention to the reduction in the con-
sumption of coke, oil, &c., in the locomotive department
and at the several stations."

The balance-sheet represented the liabilities to amount
to 384,4431., while the assets reached 384,5261. The
receipts of the past half year amounted to 17,694/.
13s. 4d., and the expenditure to 11,9311. 171. O'd., leav-
ing 5,762/. 16s. 3d. in hand. The total expenditure
from the commencement of the company amounted to
1,312,168/. 17s. 80., and the receipts to 1,317,6581.
19s. 91, leaving 5,4901. 3s. ld. in hand.
On the motion of the CHAIRMAN, and after a short
' dLcussion, the report was adopted.
A resolution was then agreed to authorising the
reduction of the number of directors to six, and the di-
rectors instructed to adopt a new plan of keeping the
accounts; to appoint a paid law-clerk; to consolidate the
offices o accountant and secretary; to reduce the work-
ing staff; to remove the offices from London to Lynn;
and finally to have the permanent way maintained by
responsible parties on approved contracts.
The report of the committee of investigation, which
has already been published, was then read; after which
a lengthened reply from the directors was submitted to
the meeting, and approved of.
The following is the conclusion of the answer of the
directors to the report of the committee of investiga-
tion :—"iWe agree with the committee as to the main
causes of many of the embarrassments of thecompany;
indeed, their statement is but an echo of
the subject.
the several
reports made by us to the proprietoFso.
ourselves
d
For these embarrassments we do not
results of former
management.l
any chgree responsible,
That the stall
a s tiiey
" tied on a scale beyond the require-
ar°
of o; goers and servants
was originally established
menu of the cow
easily accounted for by the
erroneous ideas cnPt:rut)a l
ia:d of the future traffic by the
former Chairman.
On this subject we beg to remark,
that since the departure of the late general manager in
December jag, the
,boa_rd. has made very extensive re-
ductions in the staff. The committee must have been
well aware that it has long been the desire of the board
to obtain the a, rvices of an experienced man as general
manager, and that such appointment has only been
delayed until we, could tiN t with one in every
way qualified to promote the interests of the company.
We have much satisfaction in stating that, in the ap-
pointment of Mr. Wentworth Clay, who will enter on
his duties as general manager on the Ist September,
they believe and trust they have secured the services of
a gentleman in every way capable of promoting the in-
terests of the company. The concentration of the com
patty's offices, workshops, and stores at the principal
station has long been the anxious desire of the board ;
but the heavy demands on the funds of the company
have compelled them to delay this very desirable ar-
rangement. We are very reluctantly compelled, by the

gene-al tailor of the committee's report, and to meet
I their tujii,t Imputation of want of energy on the - tof
• the board, to refer to what was the position o! the com-
pany's affairs when they came un le r nor direction, a d
the numerous difficulties with which We have. hard
to
to:vend, viz,—the line to Ely was on the point of beingopened for traffic, but great expense had to be incurred
in maintaining the line through the Fens during the
ensuing winter. This work, owing to the embarass-
merit of the contractor, had to be performed by the
company. The line from Lynn to Swaffharn was
also on the point of being opened, but tho cuttings
through the chalk were in a state to require the greatest
care, and extensive excavations and sidings were neces.
airy to form the station-yard and accomodate the traffic.
These works required a continued outlay which, owing
to the bankruptcy of the corer icto: a ha. ; lso to be borne
by the so epany. The contract for the unprofitAle
Branch to Wisbech was hastening towards ctant,letion,
with the concomitant evil of a pressing demand tor.pay-
merit of the contract sum—while the portion of lin,: from
Swaffham to Derehatn, which was cap, cted to yield a
favourable result, was retarded by the insolvency of a
third set of contractors. Those who have had to at the
with a number of insolvent contractors, and to complete
their works, will ba able to estimate the difficulties with
which we were surrounded. At this period there was no
accommodation whatever for goods, coal, or cattle trdlie
at Lynn, or at any of the other stations, and the utmost
quantity of goods that could be. landed daily at the
Harbour Station was 50 tons, while at present there is
accomodation at the principal stations for every
description of traffic, and 400 tons mily be dully
landed at the Harbour. To accomplish, these
necessary objects, a very considerable outlay has
been required. When it is remembered that, instead of
the company possessing ample funds for the completion
of the undertaking, as we had been led to believe was
the case, it was ascertained that the capital which had
been raised would not suffice to pay the liabilities (of a
large amount of which we had received no intimation),
as stated in the report of the shareholders, dated 16a,h
February, 1848. The proprietors ,will probably consi-
der that the position of your directors for nei:rly two
years has been most painful, and has entailed upon them
a degree of laborious and anxious occupation in the
management of your affairs, far exceeding that which
usually attaches to directors, even when paid for their
services. It has long been our desire to obtain the co-
operation, as colleagues, of some desirable parties wil-
ling to undertake the duties and responsibilities of the
directorial office. Our wishes in that respect are unal-
tered; and we ate prepared at any time, when furnished
with names, to elect to vacant seats such gentlemen as
may be considered best calculated to assist us in develop-
ing thy resources of the undertaking, and in promoting
the interests of the company."
Thanks were then voted to the‘Chairman, and the
meeting terminated after a lengthened sitting. I

LLYNVI VALLEY RAILWAY.
(THIS DAY).
The half-yearly ordinary general meeting of the
proprietors of this company was held to-day, at the
Company's offices, 449, West-Strand.
W. Matthews, Esq., the chairman of the company,
took the chair at one o'clock, and the usual formal
proceedings having been gone through,
The SUCEETARY read the following report :
" Since the last half yearly meeting of the share-
holders, in February, 1849, the directors have the
satisfaction to report that a small increase in the
tonnage and revenue of the railway has taken place,
and though that is but slight they are willing to
receive it as a❑ indication of a gradual
revival from the depressed condition under
which the district through which the line
passes has been for so long suffering, and on the
prosperity of which the railway so much depends.
The prospect too of an early opening of a contiguous
portion of the South 'Wales Railway, it may be
reasonably expected, will be opening extended mar-
kets for the produce of the district and materially
increase the tonnage on the line.
" The directors will embrace every practicable
opportunity of availing themselves of any advantages
that may offer.
" The accompanying statement of the last half-
year's receipts and expenditure having been examined
and approved by the auditors are submitted herewith
for your .consideration and approval.
" It will be observed by an inspection of these ac-
counts that the small increase of revenue has been
more than counterbalanced by the unavoidable pay-
ments of the past half-year, of which those for rates
and taxes form the chief item. Appeals have been
made against some of those assessments, and a par-
tial reduction obtained.

"It is hoped that a still further diminution may be
effected in these branches of expenditure.
" The nett profit available for a dividend for the
half-year is 1,1191. 14s. 3d., and the directors recom-
mend that a dividend at the rate of 24 per cent. per
annum upon the paid-up capital of the company be
declared, without prejudice to the claims made on behalf
of the holders of new paid-up stock created under the
Amalgamation Act, the same amounts to 9411. 17s.
7d., which will leave a balance of 1771. 16s. Bd.,
which it is proposed to carry to the credit of the
reserve account.

" In compliance with the wish of the proprietors
at the last general meeting, the Bill then before
Parliament for an extension of time for the exercise
of the powers granted under the Act of Incorporation
was immediately withdrawn and no further expense
incurred.

" As regards the engineering department of the line
and port, the directors have now to report, i❑ refer-
ence to the first, that every care and means have been
taken to sustain and improve the road for the conve-
nience of the existing traffic, it being considered pru-
dent to defer any extensive alterations until the
opening of the South Wales Railway shall have
indicated their extent and character. As regards the
port, some further outlay this summer has been made
in the breakwater, which has been added to the capital
account, and what has been expended in filling up the
interstices of the stones of which it is formed with
concrete, an operation found most effectual in pre-
venting their displacement by the effect of the bois-
terous falls experienced on the South Welsh coast.
This point is referred to more at length in the report
of the directors in August, 1848."
The CHAIRMAN, in moving the adoption, printing,
and circulating of the report, said, that with reference
to the prospects of the company, although he
could not congratulate the shareholders on a
very large dividend. He thought, considering
what had taken place in the railway world, that they
might consider themselves in a position of safety.
The iron and coal trade had been in a fearful state,
especially in the neighbourhood of this railway, yet
he thought they might safely calculate they could get
a dividend of 2f per cent., and that that could be
increased. There had been a considerable increase in
the traffic and tonnage of the company during the
last half-year, and he thought that such being the
case, they might look to better things still.—(hear.)
He trusted they had seen the worst. The dividend
proposed was 2i per cent. for the year, or 1 per cent.
for the half-year. The adoption of this course might
and had led to discussion between the old and new
proprietors, and the anxiety of the directors was to
have the matter put upon a proper basis. The chair-
man, after alluding to the Parliamentary position of
the company, concluded by moving the adoption of
the report.
The Rev. Mr. KNIGHT entered his protest against

the dividend proposed, on behalf of the proprietor s,
and the Rev. Gentleman, after asking several ques-
tion of the chairman relative to the expenditure and
expenses of the company, wished to know in what
position they were with respect to the South Wales
Company. He wanted to know whether they owed
the South Wales Company 6,0001., or whether that
company owed it to them ?
The CIIAIRMAN, having in detail answered the
question of the Rev. Proprietor with respect to the
expenditure and expenses, said that he did not think
it wise or prudent at present to enter into the ques-
tion of the connexion of this company with the South
Wales Company, but this he would say, that the
attention of the directors was alive to the subject, and
when the question was ripe for discussion at a general
meeting the directors would offer no opposition to that
discussion.

The report was then agreed to, as was also a
dividend at the rate of 24- per cent. per annum for the
last half-year, some of the old proprietors present
entering their protest against it.
Thanks were then voted to the Chairman, and the
meeting separated.

-------=-----
,
THE ARMY AND NAVY 01 LIANA.—Mu-chang ah,
in his second report, says the existing abuses originated
in the officers of both services studying their own in-
terests and neglecting those of the public, as they ran •
little chance of being denounced. The naval corn-
au' o-
he
menders would no triskt
wentheirpe wrong on re
persons in cruising
shoabii:ut
othLrsewas,s immediately if anything
diately hushed up by the military th
rides. In future the higher functionaries ar
to send in an authentic account oleveryoeeeeuxrp(re'entee
Any neglect of duty on the part of the officers of either
eefros theur;rho Gangueha‘.e or with lhinis
s.'%ill be prunoted to
service will be immediately punished, according to the
trtfrent ;
nwahtiul
eremoefl
it
t!
01 ecraicolauosse wits,oriffin
gproved their gldlantry
atitiled zealfirst v
buyeancy u,
without being robbers
obliged to repair to the'
ctpital. The greatest impartiality
denouncing
recommendation of officers,, and il
niust be shown in tho
ate cts h(,)esewho
are negh ctful or inefficient. There ere other rot
expressly mentioned, but hinted at. The pay of the
military officers, for instance, is very small, and they
indemnify themselves by sending the soldiers home on
furlough, and pocketing the pay; so that in cae of an
emergency probably not one- fourth of the met, could be
collect« 1. The common soldiers have generally a piece
of ground, on the cultivation of which they ino:aly th prat
for subsistence, and, their attention being thus divided,
must necessarily have its effect in rendering them less
proficient in their military evolutions ; hesi,les which,
being chiefly composed of the very lowest class, when
collected in great numbers, they frequently mutiny, and
have even been known in presence of au enemy to rein:
to fight unless promised a certain sum of money for doing
so.—China Mail
• HARWICII, Ana. 22.—The Mutual, Newcastle to Lon-
don, has been totally wrecked oil' the S.W. buoy of card-
sey; crew saved.