The Sun.
London, England, 1836-07-05 00:00:00

LONDON, TCESDAY EVENING, JULY 5. .1836.

• EDUCATION.
ERMANY.—The Principal of an English Es- I
tablishment, for the limited number of Eight young Gentle-
ma, at BONN, on the Rhine, informs Parents and Guardians that
he has TWO VACANCIES. The treatment of the pupils is ex-
tremely liberal. The Gentlemen will be in London, until the 10th
inst, and his address, with prospectuses and full particulars, may be
obtained on application, by letter, to Messrs. Carpenter and Son,
Old Bond-street, ; and Mr. Scripp's newspaper. office, Southmol-
ton-street, Bond-street.

Jay of this city, and the comfort of its inhabitants. It was
delightful to his feelings to witness men of all parties uniting
band and heart in this great national undertaking, and he
would call en all present to give it their zealous support. It
was a safe investment for capital, and would in its completion
require much labour, by which both commerce and agriculture
would he greatly benefitted.
The Chairman then called upon the Secretary, T. Osier,
Esq., to read the report of
.the provisional committee.
REPORT.
The Directors of the Bristol and Exeter Railway Company
desire to express the gratification they feel at being enabled to
convene a general meeting of the proprietary after a lapse of
only six weeks from the passing of the Act of Incorporation,
and of not more than eight months since the first projection of
this important and extensive undertaking.
Within that brief period, a line of seventy-five miles, toge-
ther with a branch of 5 miles to Tiverton, has been accurately
surveyed and laid down, under all the difficulties and impedi-
ments of winter with unexampled rapidity
;;at the same season,
ample sources of revenue, derivable from existing traffic, have
been developed and proved by actual observation, and the as-
sent of a very large majority of landowners ascertained and re-
corded: , the' racticability and advantages of the measure have
been demonstrated under all the conditions of new and more
jealous rules of parliamentary investigation and the under-
taking has received the sanction of the Legislature after a
scrutiny that has only tended to throw a clearer light on its
F to the confidence of the public.
Amongst these, perhaps, the most distinguished is, that sin-
gular degree of security from future competition which, on
closer examination this line has been found to possess in its
geographical peculiarities ; being-so remarkably walled in, as it
were, by continued ranges of lofty hills, lying north and south,
and extending from the vales traversed by it, to the seas on
either coast, that, for the purposes of a railway, these latter may
be distintly proved to afford the only available passage to the
western counties from any point eastward of Taunton.
The Directors have great pleasure in reporting that ar-
rangements, mutually satisfactory, have been concluded with
Mr, Brunel for the retention of his services as principal en-
gineer to the Company ; and to those who are acquainted with
the professional qualifications of Mr. Gravatt, and the extent
to which the able and rapid survey in November last may be
ascribed to his indefatigable energy and perseverance, it will
be matter of no ordinary satisfaction that he has accepted the
appointment of resident engineer.
The leading desideratum of an eligible terminus has been
already secured, and arrangements are making for its com-
pletion, in accordance with te views of the Directors of the
Great Western Railway, on such liberal principles of mutual
accommodation for the convenience of the public as cannot
fail to be highly conducive to the interest of both Companies.
Several important arrangements with different landholders
have been advantageously effected, and active operations are
in progress for the immediate commencement of the work.
Without deviating from the Parliamentary line, there is
good reason to believe that the inclined plane and assistant
engine to the summit-level of Ashton Waters may be dis-
pensed with ; in which case, nearly the whole extent of the
railway by Clevedon, Weston-super-Mare, Uphill, Burnham,
&c., to Bridgwater and Taunton, will be the most level in the
United Kingdom.
It is confidently believed by the engineer that the construc-
tion of the line itself will be not less expeditious than the
movements that have preceded it, and that in the spring of
1838, or in about twenty-two months from the present time
the railway will be open from Bristol to Taunton, and from
Exeter to Collumpton, thus leaving a distance of only twenty
miles unfinished ; and that the entire line will be completed
within three yeaas and a half. Within two years, therefore,
a profitable return will accrue to the proprietors on a consi-
derable proportion of their outlay ; in addition to which fa-
vourable circumstance, it should be remembered, that on the
payment of two-thirds of the capital, they are empowered by
the Act to procure the remainder on loan, and that the expe-
rience of other Railway Companies has proved that this may
be readily effected on advantageous terms.
A more minute reference to the several items of receipt and
expenditure, has not only fully convinced the Directors of the
adequacy of the proposed capital to meet every contingency,
but, viewed in connection with the advancing prosperity of
the country, and the still more extraordinary progress of scien-
tific economy, has satisfied them that the advantage of the un-
dertaking as an investment has been considerably under-rated.
Since the projection of the Bristol and Exeter Railway, an
Act has been obtained for the construction of a line from Glou-
cester to Birmingham ; and the country is already surveyed,
under the superintendence of Mr. Brunel, for a line connect-
ing the Coalpit- Heath Railway with that of Cheltenham and
Sefindare, near Stroud ; this projected line, therefore, of only
tvienty miles in length, is all that now remains to complete the
connection betwixt Exeter, through Bristol, Gloucester, and
Birmingham, with Liverpool, Manchester, Leeds, and Hull.
Mr. Brunel ia also engaged in surveying the country west
of Exeter, with a view to a railway from that city to Ply-
mouth and Devonport, which there can be no doubt, when
completed, must.considerably augment the resources of every
other connected with it.
That no attainable facility may be wanting for the transfer
of the shareholders' investments, the Directors recommend the
immediate establishment of an office in London, at which
every particular relating to them may be daily and instantly
ascertained. The expense of such an arrangement compared
with its advantages to the public will be inconsiderable, and
steps have been already taken for effecting it with a prospect of
results highly satisfactory.
With the exception of that portion of the shares which have
been already applied for in part payment for land to owners
on the line, and a small reserve for contingencies, the allot-
ment of the shares has been completed.
The Directors have subjoined a Statement of their receipt
and expenditure, showing their disbursements from the ear-
liest formation of the Company, to the close of the quarter
which has just expired, to have amounted to 25,8471. 15s. ld.,
in reference to which it should he remembered, first, that the
survey was made under circumstances which of necessity very
largely enhanced its cost ; and, secondly, that the opposition
to the Bill in Parliament, though utterly ineffectual, was,
nevertheless, protracted, and occasioned as large an augmen-
tation of expense to the Company, by the lengthened attend-
ance of counsel, witnesses, parliamentary agents, solicitors, and
directors, as if its real character had been altogether different ;
and to which, it is no more than an act of justice to acknow-
ledge, that the exertions of the solicitors, as well as those of
the engineers, have been such, as could alone have been at-
tended with success in an undertaking of such extreme emer-
,
gency.
In reverting to the progress of the Bill through the Com-
mittee of the House of Commons, the Directors desire to ex-
press their grateful sense of the zealous, able, and unwearied
support which the measure received from Wm. Miles, Esq.,
M.P., in his capacity of Chairman, and to return their thanks,
so justly due, to another representative of the county of So-
merset, Edw. Ayshford Sanford, Esq., by whom Mr. Miles's
place was so efficiently supplied during his necessary absence
from London. To his Grace the Duke of Beaufort, also, who
kindly expressed his willingness to undertake the charge of
the Bill in the Ilouse of Lords, they wish to offer their thank-
ful acknowledgments.
Having thus submitted to the great body of the proprietors
a faithful and unreserved account of their own past proceed-
ings and of the present prospects of the Company, they now
resign their Stewardship, in the sincere conviction that the
object they have laboured to attain will be fraught with advan-
tages to the commercial, manufacturingeand agricultural inte-
rests of the country, and to the cities which it will be. the
means of uniting, as well as productive of an ample profit on
the capital employed in its accomplishiaent.
STATEMENT.
To amount of capital on 15,000 shares, at
21. 10s. per share £37,500 0 0

GENERAL ABSTRACT.
Expenses incurred by the Company, includ-
ing all outstanding claims, to 30th June,
1836.
Engineering, including sur-
veyors and professional
evidence in Parliament ... £4,916 0 0
Parliamentary agents and fees 1,720 15 9
Parliamentary expenses, in-
cluding witnesses, hire of
committee-room% canvass-
observing road traffic,
and other disbursements... 3,393 15 11
Country agents' charges and

" That the proprietors desire gratefully to acknowledge the
steady end valuable assistance given to their interests by
Edward Aysliford Sanford, Esq.,. M. P., who so kindly offi-
ciated as Chairman of the Committee on this Bill, during the
unavoidable absence of Mr. Miles."
The motion was seconded by Mr. Goodhind, and carried
unanimously.
Mr. DIBSDALL said, every person at all acquainted with the
business of the Houses of 'Parliament must be aware of the ex-
treme difficulty which sometimes arises, of meeting with an
efficient, and, at the same time, a willing advocate to take care
of any particular measure. The Committee had; in fact,
that difficulty, and by means of it they had been thrown back
for some days; but at that time the Noble Duke, to whom
the resolution he was about to propose referred, stepped for-
ward and undertook the management of the Bill in the Upper
House. He, therefore, begged to move—
" That the thanks of the proprietors be respectfully offered
to his Grace the Duke of Beaufort, for the willingness so
promptly expressed to undertake the management of the Bill
in the HOMO of Lords, in the event of opposition."
The motion was carried unanimously.
RoBERT . BRIGHT, Esq., then moved the iippointment of a
Board of Directors, and in very elegant terms bore tes-
timony to the admirable conduct of the gentlemen of the
Provisional CoMinittee. From his time having been almost
fully occupied as one of the Directors 8f the Great Western
Railway, he had had but few opportunities of doing
more than observing the admirable spirit in which they
prosecuted the labours entrusted to them ; but he was acquain-
ted With the excellent qualities which the Commitee comprised,
and he reposed the most implicit confidence in the honour
and business-habits of its respected chairman; he confided in
the acumen and talent of the respective legal adviser ; and he
trusted in the sagacity of the excellent secretary, whose ser-
vices were above all praise, and who, in his own, combined
the vigour of youth with the experience of maturity. Mr.
Bright moved—

'..That the following gentlemen, be appointed the Di.
rectors of this Company, under the 138th clause of the Act
of Incorporation:--- a
Fred. Ricketts W. Morgan John flare, Jun.
S. Waring James Brown John Tyrrell
W. Watson Saml. Lucas Patrick Miller, M.D.
James Gibbs D. Wills Richard Ball
Robert Castle W. Browne John Browne."
W. TOTILILL, Esq. had great pleasure in seconding the
motion, and he congratulated the Meeting on the unexampled
and speedy accomplishment of the hope held out to the inha-
bitants of Exeter—that the Great Western line would ulti-
mately he extended to that city, as a great inducement for them
to 6upport that undertaking; a hope which at tho time they
could scarcely have ventured to anticipate was so. near
realisation: _

'The motion was then put and carried unanimously.
The CUAIRMAN, as one of the newly-appointed Directors,
returned thanks. He could assure the Proprietors that if, as a
Committee, they had felt anxious to promote their interests,
their zeal would now be more ardent than ever.
.G. A. SAuNDEns, Esq., the London Secretary of the Great
Western Railway, then rose to address the Meeting amidst
considerable applause. He said, in presenting himself be.;ore
the Meeting, he owed an apology for having arrived ntiso late
an hour, by which, too, he had been deprived hearing some
part of the discussion whith had taken, place; but after the
speeches which he had heart, ver- little remained for him to
say, unless it was to 'exhaust their patience, for those speeches
comprised all the topiq4 Ponnected with, and hearing on, the
undertakin,l. He could not help congratulating the meeting
on the bright prospect; of the undertaking—it was a legitimate
subject for congratulation, as it highly concerned the pros-
perity of Bristol. The progress which had been mde was to
him perfectly astonishing, particularly when he remembered
that at a meeting held 18 months since, in the same room in
which they were now assembled, a doubt was expressed
whether a railway between this city and London would suc-
ceed. The vigour which had been manifested in the opera-