The Sun.
London, England, 1847-08-10 00:00:00

...: • 0' 'V V t i rl , , A
... .. , / t '-or ►rti -4-- f.
_,....
TilE SUN, LONDON) TUESDAY EVENING,
.1.....• 11,
V., .'" ^"...".`••=- -
CAPE OF GOOD HOPE. I ......,.
A T
• room of Mr. Ricardo; and a vote of thanks having LEST PRICES OF SHARES, John Bow
been uuanimously adopted to the Chairman and di- I BIAS YKS, ASSURANCE. AND OTHER COM-
We have received advises from this colony up to , -
the 12th June. The Kafirs had resumed their depre- /7,....„
o A
t trxi Utlittou rectors, the meeting separated. PANIES' STOCK. John Hor
dations on the frontier farmers, and it was impossible ,
SUN OFFICE, Seven o'clock. From the Official List,
PUBLISHED EVERY TUESDAY AND FRIDAY EVENING. Mary-lc
James Pill
for isolated families within twenty miles of the border WEST CORNWALL RAILWAY,
---,bi-_
-
to feel otherwise than insecure. At no former period (THIS DAY.)
Dividend William
had the prospects of the eastern districts been more LONDON, BRIGHTON, and SOUTH LONDON, TUESDAY, AUGUST 10.
JOINT-STOCK.A pnperenru:
nen.t
COAST RAILWAY.-(THIS DAY.) --.....-_.square,
The half-yearly meeting of the proprietors was gloomy, as recent experience had proved the incon-
The half-yearly general meeting of the share-
-33A!!:rie1.75.
ceivable difficulty of protecting agricultural property held, at one o'clock this day, at the offices of the com-
against marauders armed with guns and mounted holders of this company took place to-day, at the B Name of Company.of Paid.
Price Matthew
London Tavern. Charles Pascoe Grenfell, Esq., M.P., PanY' road-street-buildings ; Edwin Ley, Esq., of
on horses. Guns were becoming more and more the
took the chair shortly after one o'clock. Penzance, in the chair. The report stated that the -- xso s.O di: .)
50. t so. d.o _ the coin
The advertisement calling the meeting having been Bill which was brought before Parliament, for the Australasia ..........BORI
choice weapons of the natives. The Kafirs in their. 40 0 0 40 0 0 -
persons are strong and active ; in their tempers dar
read, and the usual forms
e having
following bees gone
reportth r through, g
thh, e construction of a branch railway to St. Ives, and for Charles H
The SECRETARY read th(3
or imi snhi
cat.
co
ir t.
iii American
01 London 6/. per cent.. 100
mg and resolute. With the weapon that enabled thewharfs and quays at Hay le, had not received the seamiae. . i 51. per cent. 100 0 (o) 25 0 (o) -19 Richard II
civilised nations to overpower the savage and barba-
- directors :- sanction of the Legislature. Scarcely half the call Londe and Westminstr 61. per cent. 100 0 0 20 0 0 2'7
London Joint-Stock . - 61. per cent. 50 0 0 10 0 0 -
rian they are rapidly acquiring skill. In such cir
due February 22 had been paid up, and they
Metropolitan ••.•• • • • • - 25 0 0 710 0 William S
cumstances it is impossible to view the contest be- " Your directors, at the half-yearly meeting in did not think it, therefore, prudent to enter into1051(10
000
00 2105 00 00 -__ county (
tween civilisation and barbarism now raging on the February last, gave a statement of the condition of the
various lines then in progress ; they have now the plea- any contracts for the construction of the line until Prov i n c i a.,0,1
efo,,,f
,1..1...n.d. Ireland..:.. 81.:11.
)ppereerr :4:4..
~;
alt)liottnoa,l
5611.. perper cent. 2025
00
oo
12105 00
00 -
frontier without painful apprehensions. The feeling
sure to announce, that the Epsom line was opened on the they had ample funds at their disposal. With refer- Nat. l'rovncial of Eng. 51. per cent. 100 0 g 2305 0 0 --
Gilbert GI
Joseph Br
of security is gone. It is difficult to imagine by what
10th of May ; and the extension from Chichester to ence to the pecuniary difficulty, the directors had Ditto, New' •••• • • • •
means it can be restored.
the Kalumna, a small Portsmouth throughout, on the 14th of June. It would entered into an agreement to dispose of the unappro- L mon of London. •• .. 5/. per cent.. 50 0 01 10 0 0 13yi
In the neighbourhood of
be premature, from so short an experience, to attempt to priated shares to Mr. Mowatt, subject, however, to Union of Australia....
stream to the east of the Keiskamma, the Kafirs had judge of the advantages to the general concern which the consent of the shareholders. The number of un-
Names of
CANALS. Joseph Ba
made several incursions, and captured cattle, which,
these new lines offer in prospective ; but your directors appropriated shares was 5,000, and Mr. Mowatt Herefor
however, had been generally retaken. In one of I Francis I
have every reason to; believe, that the development of agreed
to take them up at a discount of Si.sl per share, Names of t) Dividend price.
these forays a Kafir named Zandama was killed, and the traffic . , under the two heads of passengers and goods, such • discount to be payable when 151. per share shall Companies. 2 , per ' sl Dividend!
Companies. t,,i , per Price. county,
f /1111 UM. George C.
many were wounded. These depredations have been will fully justify the expectations with which these un- cf. Annum.
have been paid up, either in cash or by debentures of - - in the c
committed in the lower part of the boundary, where dertakin s were recommended to the proprietors for £ ' 1 x
the company having three years to run. Mr. Mowatt
the missionary post called Wesleyville was established. their approval.g The arrangements for the goods traffic Ashtn & 01411 5/.55. pe 70 Monmouthsh 100 10/ -
agreed to pay forthwith the deposit and call, being 4/. Ashby-d-la-Z 113 41. - Mntgoinrysh 100, 51.. _ Sir Robert
In the upper part of the boundary the state of affairs are yet incomplete, and the stations at Portsmouth and Barnsley.. • • !160 121. 180 Macclesfield. 1001 - 15 Henry M
with the Gaika, Slambic, and li I" re Is Kafirs is equally Epsom unfinished. per share on the 5,C00 shares. The directors had
Basingstoke..lloo - 7 Neath •• •• •• 100 20/. 340
unsatisfactory. The tribes must bew punishedrd then
" The engineer reports, that the lines to Lewes and not been enabled to close an account of the liabilitiescounty
of the company up to the period of the Act receiving t. i
rroa
me afossr..ds
.s. r. g. : 50g
15L. 85 Nottingham.,e a ktorest .1.
80 1321/.. -
Newhaven - 40
humbled in the true meaning of the the Royal Assent, in consequence of the solicitor's Dudley lOO, 41. - Regent's .... 33 1/. 4s. 20 George A
and . . n i
ruled with firmness and jeistice. The ;lan of giving ng the distance between London and Lewes and Hast- Derby •- - 100,1 6/. 63 Rochdale.... 85 41. 54 Derby,
ings by eight miles, and avoiding the Lewes incline accounts requiring their opinion and revision. The Ellsmre&Chs 133' 4/. 51 Shropshire •. 125. 81. -
the Kafirs tickets of registration has .1 d signally fai e 2altogether, will afford great facilities to the direct inter- report concluded by stating the resignation of Mr. E:ewash • llOO 321. -• . Somrset Coal• 150 7/.101. 130 Henry B.
as might have been expected. The ticket was
used course with those towns • while the Newhaven Extension R. F. Gower as a director of the company, and the Forth &Clyd;100 4/. - Do LkniSt 12 6/ c
GrandJunctnlloo 6/. 80 stffid B,w •P• ' - in the c
1
as a safe-conduct pass when occasion suited, and thus from Lewes willenable 9 .
112450 21,8511.. 275
The Hon(
became the means 13which fraudand d • y
receipts to 30th June were 48,097/. 10s., and the 13 81. -
Olamorgnsh .1172 1 Stourbridge.. 145 20/. 305
ilistr&Brklylloo - - • Strtfrdon Av 79 1/. 10s. - the saic
successfully practised. Continental Steam-packet Company, to secure a full balance in hand 6,1961. 9s. 4d. arantham • .11N, 12/. -,.. Severn and] ... William
But whilst the Kafir tribes show every disposition share of the Continental traffic. The sea passage will 26 ii Bs. -
The report was adopted, and ordered to be circu- Knetaters 1
ssflAelvdi il 39' 7s. 6d. -5% TlNrnrie&RAafirl. Esq. at
to continue their predatory assaults, the colonists and be made in about four hours •; and the railway
fated among the shareholders. Lancaster .• .1 47 1/. 10s. - sey
... -.} 50 30/. -
from London to Paris will be shorter, by
the Fingo levies are harassed and wearied as much A resolution, to the effect that the agreement entered rae"e's&teLri vrP
I ;To, 14011.. 50755 Titriams&Med. 19 - - George C
seventy miles, than by the route by Bou-
by the demands for their services in the field, as by
logne. It were almost unnecessary to call the into with Mr. Mowatt should be confirmed, was pro- Leicstr &l:Cth 83 41. 36 ;ricanntringBl 78 2/. 41X,
the claims of their families, of whose neglect by the proprietors' attention to the great benefit their railway posed by the Chairman, and seconded by Mr. Barlow, Loughborogh 142 70/. 530 IWilts & Bike 67 11. 11 Colonel
Colonial Government:heavy complaint is made. The Iti„sroepeeurttyhewtiwllodecroiav:tsfronmottlhesis rapid codinsmuhneication be- and, after a short discussion, unanimously passed.
DoCB.B. William
(Fingo) native troops have their distinctive pecu-
tshaasn reignarrefetrencPeartios acid e
and A vote of thanks having been passed to the Chairman
liarities of character, which must be studied if their general Continental ;traffic,directors, the meeting separated. i Dividend Amount i
services are to be again invited or demanded. One manufacturing and trading population of the important Name of Company.' • per of Paid. Price.
peculiarity is, that they are entirely insensible to districts of wbich Rouen is the capital, as well as to the - • Annum. Share. Archibali
threats. But to just and considerate treatment they are beautiful scenery of Normandy and the southern pro- READING, GUILDFORD, AND .c s. d. 'XS. d.
John Dal
as yielding as wax, Of what value is a. soldier whose vinces of France, which hold out every inducement to REIGATE.-(THIS DAY.) Commercial -
heart is not with von in a nartican war pTn a the tourist. -a.-- East and West India 6/. pr cent. Stock. - -
East Country .. .... 17 110 7. eh lAA A A A loran/if

We have received advices from this colony up to
the 12th June. The Kafirs had resumed their depre-
dations on the frontier farmers, and it was impossible
for isolated families within twenty miles of the border
to feel otherwise than insecure. At no former period
had the prospects of the eastern districts been more
gloomy, as recent experience had proved the incon-
ceivable difficulty of protecting agricultural property
against marauders armed with guns and mounted
on horses. Guns were becoming more and more the
choice weapons of the natives. The Kafirs in their
persons are strong and active ; in their tempers dar-
ing and resolute. With the weapon that enabled the
civilised nations to overpower the savage and barba-
rian they are rapidly acquiring skill. In such cir-
cumstances it is impossible to view the contest be-
tween civilisation and barbarism now raging on the
frontier without painful apprehensions. The feeling
of security is gone. It is difficult to imagine by what
means it can be restored.
In the neighbourhood of the Kalumna, a small
stream to the east of the Keiskamma, the Kafirs had
made several incursions, and captured cattle, which,
however, had been generally retaken. In one of
these forays a Kafir named Zandama was killed, and
many were wounded. These depredations have been
committed in the lower part of the boundary, where
the missionary post called Wesleyville was established.
In the upper part of the boundary the state of affairs
with the Gaika, Slambic, and Kreli's Kafirs is equally
unsatisfactory. The tribes must be punished and
humbled in the true meaning of the word, and then
ruled with firmness and justice. The plan of giving
the Kafirs tickets of registration has signally failed,
as might have been expected. The ticket was used
as a safe-conduct pass when occasion suited, and thus
became the means by which fraud and deception were
successfully practised.
But whilst the Kafir tribes show every disposition
to continue their predatory assaults, the colonists and
the Fingo levies are harassed and wearied as much
by the demands for their services in the field, as by
the claims of their families, of whose neglect by the
Colonial Government:heavy complaint is made. The
(Fingo) native troops have their distinctive pecu-
liarities of character, which must be studied if their
services are to be again invited or demanded. One
peculiarity is, that they are entirely insensible to
threats. But to just and considerate treatment they are
as yielding as wax, Of what value is a soldier whose
heart is not with you in a partisan war ? In a
Kafir war, among bushes and ravines, in following
or guarding cattle, how could you, either by day or
by night, force a discontented native to do his duty ?
One of the main distinctions between commanders is
in the faculty of gaining the confidence and affections
of men, even in armies where discipline supplies so
many personal defects. Among the suddenly-raised
and semi-barbarous levies on the frontier nothing can
make up for the absence of this conciliatory faculty
in the commander. A mass of discontented men there
is a mere heap of sand.
The Fingo levy stationed at Graham's Town, at a
muster for the purpose of ascertaining whether the
men composing it were disposed to continue their
services, to a man answered in the negative. The
authorities evidently mistake the true character and
circumstances of these men. It is thought that 6d.
per day and a soldier's ration are sufficient induce-
ments for them to place themselves at the disposal of
the Government. But this is a great delusion. The
Fingoes at this place earn from 2s. to 4s. a day, and
at Port Elizabeth, upon an average, a third more.
Many of this class of the community possess waggons
and oxen, and can command an amount in money
which persons unacquainted with their thrifty habits
would find it hard to believe. They are not- likely
to serve voluntarily when a measure is adopted with
a view to shorten their allowance, and especially when
it goes to diminish or entirely discontinue that scanty
support which has heretofore been given at the public
expense to their wives and families.
" The new line of policy towards the Kafirs," says
the Graham's Town Journal, " is to make arrange-
ments for the location of the rebellious chiefs. It is
thought that the mischievous propensities of the com-
mon Kafirs can be more effectually checked and con-
trolled through the influence of the chiefs and head
men, than by direct interference with the barbaric
mass. Acting, then, upon this principle, it is pro-
posed to assign to certain chiefs certain portions of
territory, to lay down certain regulations for their
guidance, to hold them responsible for the good order
and peaceful conduct of certain kraals, and to punish
every chief or head mar' on the spot who refuses to
punish any offender amongst his people. Thus the
authors of the Kafir war of 1846-47, it seems, are
only to be punished for any new acts of treachery or
bad faith they may commit."
THE STATE OF THE GAOLS.—The gaols in the
several country districts are detestable dungeons, in
which offenders of every class, without distinction of
sex or degree of immorality, are intermixed—the
convicted criminal with, perhaps, the unjustly ac-
cused, the murderer with the thief, the juvenile
offender with the hardened miscreant, the whole, with
perhaps little exception, passing days and nights in
the corruptible society of each other. Moreover the
prisons are too small, dilapidated, and generally unfit
to keep the prisoners in safe custody. In one of them,
shortly before and immediately after the close of the
late session, an endeavour was made to escape--the
first of which succeeded so well, that eight or nine
offenders frustrated the ends of justice, whilst the
latter was only prevented by speedy and timely in-
interference.—Zuid Afrikaan.
POST-OFFICE.—The " money orders" system has
been recently introduced into the Colonial Post-
office.

Commercial --1
X 8. d. ' X IL d. '
1 31. per cent. Stock. - -
East and West India., ' 6/. pr cent. Stock. - -
East Country ..... • • 1/. per sh. 100 0 0 - -
L.3ncion - 103
St. Katharine .... • • •. ; 5 per cent. ' Stock. - I 85
Southampton • • - • • • • 2/. per cent. 50 0 0 0 0 0 -
INSURANCE COMPANIES.
Dividend Amount
Name of Company, per of Paid. Pric,
Annum. Share.
X s. d. £ s. 4.
3/. 103 500 0 0 50 0 0 75
Alliance Brit. and For. 6 per cent. 100 0 0 11 0 0 171,,,
Ditto Marine... - .. 6/. per cent, 100 0 0 5 0 0 5‘,.4
138.6 d. pr sh. 50 0 0 5 0 0 14%
British Commercial .. 7s.per share 50 0 0 5 0 0 6%
Clericl,Med.&Gen.Life 51. per cent. 100 0 0 2 10 0 20%
county ........ „ .... 31. 100 0 0 10 0 0
12s. 50 0 0 5 0 0 11
Eagle ........ ..... ... 6s. 50 0 0 5 0 0 5%
Eng.& Scot. Law .. 5/. per cent. 50 0 0 2 0 0 -
European Life •••• • 5% per cent. 20 0 0 All paid. -
Freemasons' ......... 51. per cent. 20 0 0 3 0 0 '
Globe - 127
Guardian - .... . • • ... 51. per cent. 100 0 0 36 10 0 i 47
Imperial Fire .....• • • 6/. and bonus 500 0 0 50 0 0 210
Imperial Life ........ 12s. 100 0 0 10 0 0 14%
Indemnity Marine. - 11. sh. & bs. 100 0 0 5 13 1 -
LAW Life............ 11.55. 100 0 0 10 0 0 -
.•egal and General Life - 50 0 0 2 0 0 -
-..ondon Fire ........ 10s. 25 0 0 12 10 0 14%
Laudon Ship .... • • . • 10s. 25 0 0 12 10 0 14;
Marine.. ..... • ..... 5/. per cent. 100 0 0 15 0 0 -
Med. Invlid & Gen. Life 4%1. per ct. 50 0 0 2 0 0 2%
National Lelia Fund.. 51. per cent. 20 0 0 2 10 0 -
National Life., ... • ... 8/. per cent. 100 0 0 5 0 0 -
Palladium Life..,..,.. 51. per cent. 50 0 0 2 0 0 41s xd
Pacenix ...... .... .. 3/. p. et. & bs. - - 185
Protector Life.... ... 5/. per cent. 20 0 0 1 0 0 1/. 3s.
Provident Lite.. - ~ •,1/. ss. 100 0 0 10 0 0 -
!Lick Life.- - .. - - - 4s. 5 0 0 0 10 0 4%
Royal Exchange ...... 51. per cent. Stock. - -
inn Fire.. - - -
Ditto Life . . • • • . • . • • 1/. 6s. - - -
Universal Life -
LIST OF SCOTTISH COMPANIES' PRICES.
Dividend Amount
Name of Company per of Paid. I Price.
Annum. Share.
X a. d. £ s. d
Bank of Scotland - 100 0 0 101
Royal Bank of Scotland 6/. per cent. - 100 0 151
British Linen Company 81. per cent. - 100 0 0 200
Commercial Bank • • •• 61. per cent. - 100 0 0 162
National Bank 6/. per cent. - 10 0 0 14
Union Bank of Scotland 7141. pr cent. - 50 0 0 i 88
Western Bank.... • - 50 0 0 8214
North of Scotland Bank 61. per cent. - 5 0 0 6%
Clydesdale Bank.... • . 61. per cent. - 10 0 0 131. 2s
Eastern Bank - - 10 0 0 111 lOs
Caledonian Bank - 2 10 0 4/. Os
Edinb.& Glasgow Bank 6/. per cert. - 5 0 0 161. 18s
City of Glasgow Bank . 5/. per cent. I - 10 0 0 12/. 11
Scottish Union Ins. Co. 51. per cent. 20 0 0 1 0 0 23a. Ocl
Hercules Insurance Co. 71. per cent. 1100 0 0 10 0 0 1 12%
Insur. Co. of Scotind- Si. per cent. 10 0 0 All paid. 9
North British Insur. • • 5%1. pr cent. ,200 0 0 10 0 0 26
Caledonian Fire Insur. 101. per cent.loo 0 0 10 0 0 22%
Edinburgh Life Insur. 61. per cent. ,100 0 0 12 10 0 18
Ellin. & (Haag. Railway 1/.los. per s. 5O 0 0 50 0 0 63
Ditto, 14 Shares 7s. 6d. p. s. 12 10 0 All paid. 16F4
Edin., Leith, & Grantn - 20 0 0 20 0 0 19%
alas;:w Ar Ayrshir itail. 71. per cent. 50 0 0 All paid. 611,4
' nasgw&Greenck Rail. 21. per cent. 25 0 0 An paid. 18%
..11,,,v1/.. CI ftrrskir. Itstil. Ni. per cent.; 25 0 0 All paid. 39
I iundee& Arbroth Rail. 6/. per cent. 25 0 0 All paid. 39
standard LiteAsaarnce.l 51. per cent. 1 50 0 0 2 10 0 i 9

The second half-yearly meeting of this company
was held to-day, at one o'clock, at the offices of the
oompany, 2, Royal Exchange-buildings ; D. Salo-
mons, Esq., in the chair.
The advertisement convening the meeting having
been read, and the seal of the company affixed to the
register of proprietors,
The SECRETARY' proceeded to read the report,
which stated that the directors were gratified to
state that the agreement between this company and
the South-Eastern Company, for the lease of the line
upon the terms sanctioned by the shareholders, re-
ceived the seals of both the companies on the 11th
of May, from which date a dividend of 5i per cent.
in perpetuity had been guaranteed by the South-
Eastern. The contracts for the execution of the
works between Reading and Farnborough, and Rei •
gate and Dorking, had been let, and the
works on these portions of the line are now
proceeding. The Bill introduced into Parliament
authorising a deviation of the line at Ash, and the
immediate construction of it ; and a Bill authorising a
deviation between Goomhal and Dorking was car-
ried through both Houses of Parliament, and had re-
ceived the Royal Assent. Steps would be taken to
ensure the construction and completion of the line
within the shortest practicable time. The di-
rectors congratulated the proprietors and them-
selves on the great punctuality with which
the calls had been paid. Si. per cent.
interest would be charged upon all calls in arrear.
A call of 21. 103. was due on the sth inst., and was
now in the course of payment. The receipts were
157,7661. 17s. 9d., and the expenditure 39,1211.
17s. 2d., leaving a balance of 118,6451. Os. 7d.
The CHAIRMAN congratulated the shareholders on
the satisfactory condition of the undertaking. At
former meetings different opinions existed with respect
to the delay caused in carrying out the agreement
with the South-Eastern. These differences had now
no existence, as the arrangements had been com-
pleted, and they were now on perfect terms of amity
with that company, and the delay complained of
solely arose from an anxious desire, on the part of
both companies, to leave nothing open which might
hereafter cause any dispute.—(Cheers.) Every diffi-
culty had been overcome, and a community of feeling
existed between them. The South-Eastern, the
chairman of which (Mr. Maggregor) was present,
might congratulate itself on the advantageous
nature of the contract into which they had entered,
because he believed it would yield them an ample
return. By this line the narrow gauge would be car-
ried into the Great Western at Reading, and in the
courac of a year and a half they would be in a con-
dition to carry the traffic not merely of the midland
counties, but of the western counties, from the Great
Western at Reading. to London-bridge, and with
advantage to the public and profit to the lessees of
the line. They had gone to Parliament for the
purpose of obtaining powers to disengage themselves
from the contract into which they had entered with
the Portsmouth Company, as well as for the purpose
of obtaining power to deviate their line in several
places. lie should not have alluded to this if they
had not been charged with want of faith ; but the
charge had been investigated by both branches of the
Legislature, and they stood acquitted • and it was
unlikely that the House of Lords, which was one of
the greatest guardians of honour, and examined wit-
nesses on oath before them, would have come to such a
verdict if there had been any ground for such a charge.
The contract to which he alluded was this :—This
company entered into an agreement with the Direct
Portsmouth, that when they got a Bill to connect the
lines that they (the Reading and Reigate) should
run a certain distance on the line—namely, five miles,
on condition that they paid them toll for seven miles.
The Direct Portsmouth directors, entertaining the
opinion that the Brighton and Dover lines had en-
tered into a compact for the purpose of strangling
their company, imposed a condition on the Reading
and Reigate to the effect that they should not purchase
any land for eighteen months, they agreeing to
complete their line in three years. Of course they
had nothing to object to, provided they constructed
their line to Portsmouth. They gave the usual notice,
and the charge was at once made against them. Still
they refused to retrograde, and they offered to make
their line, and to pay them for the use of the five
miles at the rate of seven, whenever they should
make their line. They refused those terms,
and an expensive contest had been the result,
in the course of which they were acquitted of the
charge of breach of faith by both Houses of Parlia-
ment. In opposition to the construction of another
line to Portsmouth, he might cite the speech of the
chairman of the South-Eastern on Satarday last, in
which he pointed out the folly of a third line to
Portsmouth being made. He was happy to say that
they had a continuous line from Dorking to Reading,
but if the Direct Portsmouth should be made, they
were under an agreement to give it up to them. He
did not, however, think that the Direct Portsmouth
would be constructed. They had felt bound for
the protection of the interests of the share-
holders, Ito enter into this engagement. Con-
tracts had been entered into for those parts of the
line with respect to which there was no dispute, and
he trusted that by the end of the year 1849, their
line, which could not fail to be considered ono of the
greatest cross lines in connexion with the south,
would be completed.—(Cheers.) Such was the good
repute in which the company and the directors were
held, that 75,0001. of the 100,000/. due on calls on
the sth had been paid.—(Cheers.) He assured the
shareholders that the directors would leave nothing
undone to promote the interests of the shareholders .
and concluded by proposing the adoption of the report;
Mr. MAGGREGOR (the Chairman of the South-
Eastern Company) seconded the motion. He assured
them that legal and other matters had prevented the
earlierwere to
i completion of the agreement, by which they
srecepr cent. T
receive, in perhpeey,
were to receive tuity, fromeive 4
the South
Eastern
per
cent. during the progress of the works, subsequently,
4i, and ultimately, and in perpetuity, 51 per cent.
an arrangement so important, and altogether so diffi-
cult, that time was necessarily required to consum-
mate it; but the banns had been published and the
marriage solemnized at last—(Laughter)—and, as in
acctual married life, the greatest good feeling sub-
sisted between them.—(Laughter.) No doubt the
fact of an alliance with a company which had capital
paid up to the amount of 6,000,0001. had contributed
in some degree to the alacrity with which the calls
bad been paid. He looked forward confidently to the
time when the South-Eastern would be enabled to
pay the 53- per cent. with profit to the shareholders,
besides giving the public the advantage of complete
railway communication by means of the South-
Eastern, which was the great line to the coast South.
600,0001. would have to be found by this company
and the rest by the South-Eastern.
In reply to several questions,
The CHAIRMAN stated, that if the Portsmouth line
was made, the line they were constructing would be
given up to that company at prime cost, having the
right of running over the line at a certain rate, the
South-Eastern agreeing to defray all incidental ex-
penses. This company had nothing more to do than
to pay 600,000/. ; they would be entitled to receive
Si per cent., quite irrespective of the entire cost of the
line, and every shareholder who paid up his calls
would be entitled to receive it.
The replies appeared to give the utmost satisfaction.
The report was then received and adopted, Mr.
Pocock was elected to the vacant auditorship, and a
vote of thanks having been awarded to the chairman
and directors, the meeting separated.

" The line to Horsham will be opened in about a
month; the works on the Hailsham and Eastbourne
branches are progressing favourably, and will be finished
in the spring of next year. Steyning now occupies your
engineer's attention, and the remaining branches will be
proceeded with in succession.
" It is important to add, before leaving this part of
the subject, that the second line of rails upon the whole
of the coast from listing to Portsmouth, is now complete.
" The Bill for legalising the agreement between this
company and the South-Western Company has re-
ceived the Royal Assent. Powers have also been ob-
tained for a division and enlargement of the London-
bridge Station—a measure of the highest importance, as
the increasing traffic renders the present accommodation
wholly inadequate to the wants of the public. Your
directors regret that their application to Parliament for
the purchase of the Direct Portsmouth Line has not
been successful; the steps necessary to be taken in con-
sequence will receive their closest attention.
From the insufficiency of power, by atmospheric
traction, to work the Epsom, in addition to the
Croydon traffic, your directors, by the advice of their
consulting engineer, and with the sanction of the Rail-
way Commissioners, have substituted locomotive power.
The atmospheric apparatus has been in part disposed of.
The third line will greatly add to the facilities for work-
ing the general traffic.
" In submitting the accounts for the half-year endinc,
in June, your directors think it right to state, that the
very large expenditure in the locomotive department
arises from the high price of fuel, the increase of wages
for mechanics and others employed in the workshops,
and the greater number of miles travelled by your
engines, consequent upon the opening of the lines to
Epsom and Portsmouth. It is, however, satisfactory to
state, that the gradual increase of working power will
soon enable your directors to reduce the expenditure
under this head, and to work the extended lines more
advantageously.

" The maintenance of the whole of the permanent way
and works is now under contract to responsible parties ;
which will secure economy, as well as efficiency.
" A motion will be submitted to the meeting for the
conversion into stock of the fifteenth shares, whereon the
5 per cent. preference interest has been abandoned.
" The revenue for the past half-year has been affected
by the pressure of the times ; but it is not too much to
indulge the hope, that an abundant harvest, and restora-
tion of confidence in the commercial and tradine, classes,
will revive the general traffic, and promote the''develop-
ment of the many miles of railway recently opened,
which, in connexion with your main line, cannot fail to
ensure improved results.
The gross revenue for the six months
ending the 30th June, including the
reserve of 1,0741. 7s. 93., was £184,072 14 3
Working and other expenses

j Leaving a disposable balance of ... .005,232 0 10
Which enables your directors to recommend a dividend
of 2 per cent. for the half-year.
"Messrs. Wilkinson and Baines have resigned their
sea's at the board since the 1 ist meeting, but your
directors do not propose to fill up these vacancies."
The CHAIRMAN then shortly addressed the meeting.
He felt convinced that those who viewed the proposed
dividend in a proper light would feel, looking to the
pressure that had taken place in the money market,
that the directors had done all they could for the pro-
prietors. He believed that the famine in Ireland, and
pressure on the money market, was the sole
cause why the directors had not been able
to keep up the promise with respect to the dividend
which was held out at the last meeting. Added to
this, they had large amounts to pay upon unfinished
lines, which, though not at present, would ultimately,
he had no doubt, pay excellent dividends. The
worthy Chairman having gone, in considerable de-
tail into the working statistics of the company,
stated that although the engines of the company had
travelled upwards of 100,000 miles more than they
did last year, the company had lost upwards of 10,0001.
of passenger traffic alone. In some of the under-
takings of the directors he was sorry to say they had
not been supported as he thought they ought by the
pyoprietors.— (Hear, hear.) He alluded espe-
cially to the steam communication which the
directors had adopted between this country and
France.—(Cheers.) Notwithstanding they had not
received that support, the directors were determined
to persevere. Many reports had gone abroad with
respect to the management of the concern that were
totally untrue, and some of them were now
the subject of proceedings in the courts of
law. The reports with respect to Mr. Clarke
and Mr. Kirtley were based upon untruth, and he
had no hesitation in saying that no company had two
more efficient servants than those two gentlemen.---

WATER-WORKS.

Dividend Amount
per I of

Name of Company.

Paid.

Annum.

Share,

East London..• • •• •• ••

Grand Junction .- •• ••

31. 10s.
31.

DESERTION FROM THE 90TH REGIMENT.—By the
notices in the Colonial Gazette it appears that deser-
tion from the regiment, which is stationed at the
Cape, is not very uncommon. In the Gazette of the
10th June there were no less than five adlertise-
ments for deserters.

MR. COBDEN'S SPEECH AT

BERLIN.

We have been favoured with Mr. Cobden's speech
at the late dinner given in his honour at Berlin :
" Allow me, gentlemen, he said, to express to you
my warmest thanks for the honour you have conferred
upon me. It is with heartfelt satisfaction that I find
myself surrounded by so many learned men of this
enlightened capital who participate in my views in
favour of free trade. Gentlemen, during my long
sojourn on the continent I laid down the rule, and I
have always acted up to it, of never meddling in
the internal policy of the different countries I have
visited, and it would he an ungracious act if I
were to deviate from that rule in the present instance.
Your land is too rich in patriots, too rich in talants
and learning, to need the aid of a foreigner to instruct
you on a question so intimately connected with
German interests ; nor can I forget that it was
Prussia's statesmen who, thirty years ago, gave the
example of a liberal commercial policy. Unhap-
pily at that period England did not come forward to
Since meet those enlightened views then all Europe
has gone backwards in commercial legislation, nor
did Germany resist the universal imp
opinion may be compared to the waves of
thefPublic
ocean,
subject to ebb and tide—for now again a reaction in
favour of the principles of free trade is visible both in
Europe and America; and it were strange if it were
not so, living as we do in an age of universal peace,
when the progress of the arts and sciences strives
mightily to frame fraternal bands between all the na-
tions upon earth. What are railways, steam-boats,
and electric telegraphs but so many startling proofs
against a restricted commercial policy ? Under the
influence of those speedy means of intercommunica-
tion nations are in a certain sense reduced to pro-
vinces, and an entire continent is contracted into one
nation. Under such circumstances nothing can im-
pede the circulation of wholesome ideas, and no barrier
is high enough to obstruct the progress of good ex-
ample. Gentlemen, during our long and hardly-con-
tested struggle
t.for free trade in England, we
endeavoured
no
triumphoffer
other
of
by
t o the a world
great the
principle spec-
tacle of the
attained by
persuasion, and strictly weapons than those of
confining ourselves within
the boundaries prescribed order and the laws. We
trust our example will he followed by other nations
in a similar manner. I have f
principles of free trade will strikelll confidenced that the
principles root in every
soil, inwardly convinced that the3;ohoarecpntoonise with the
romote the
mankind.
laws of nature, and that they tend
peace, the happiness, and the welfareopf
como n
el usion,
,
Let it not be thought disrespectful if, in
I quote the words of your great German reformer
If our doctrine is from God, it will live --if not, it is
doomed to perish.' "

(Cheers.) The worthy Chairman concluded by
stating his readiness to answer any questions that
might be put to him by any of the proprietors. Ile
concluded by moving the adoption of the report.
Mr. WHIsErAw had entered that room certainly with

gloomy forebodings, which had been in a great measure
removed by the statements of the Chairman. He
was sorry that so many accidents had lately occurred
on the line, and he was afraid that they had in some
measure limited their passenger traffic. He was
anxious to know how the two companies, the Brighton
and the Direct Portsmouth, stood to each other.
After some observations from Mr. FLOOD with
respect to the mode of keeping the accounts, which
were repeatedly met with cries of " Question,"
Mr. PARSONS, in answer to the Hon. Proprietor,
said, that this company had not issued any stock in
payment of mortgages.
After some discussion with respect to the accounts
of a desultory character,
The CHAIRMAN said, the directors were most wil-
ling and anxious that the proprietors should have
every information with respect to the accounts. As
to the observations of Mr. Whishaw, he was anxious
to say that no accident had happened on the main
line of the London and Brighton Company. The
only inquest that had taken place arose from an
accident to an engineonitinhee nCahidchecsatnesrebdrtahne deathwherech,of
the engine run off the
ethuerreengine-driver;
assneg
accident,onnenr.eiAn o
s htfoowtehtvihs eer,
company
questionatoci
y-
with respect to the connexion
p"riotphriet
dd not think the nego-
tiations Portsmouth Dine,
hirietnctfroLminge,ivihneg
ahnoypeedxptlhae-
nation. If the proprietorsi
crieastpieoonts t
osafe
that ins u
htjheee htahnedys
ko
nf
e. twh e
wdhiarte c
course
oorusrs
ewi
tt
oh
agdoonpets.
shAonslitohethhye
gantnmeso,spahnedritchlemlees,shte ughtahtowahs t
said
d-
about them the better.—(Laughter.) Though he was
ready to confess the Brighton Company had paid too
much for their whistle in their connexion with the
Croydon Company, yet he was not without hope that
the whistle would play a good tune at last.
The report was then unanimously agreed to, as was
a dividend of 2 per cent, for the last half-year, pay-
able on the 27th instant.
A PROPRlBTwipstdeedto
wkinthowanwyhnetehwerlinthees
directors intend:dß' to
this year. He alluded particularly to the Wands-
worth Branch.

THE POLISH TRIALS.
BERLIN, AUG. 4. Theinprtohceeeadfitnergnsooofnt.heA3dmcolnogsesdt
at a quarter past three.
other statements, AL
udsescilaa,readndthatht
that
tthiet
conspiracy was directediraogsal;inws,stkiß
within
its was not their intention to re-establish
its limits of 1772 ; that according to
statutes of the Democratic Society, Prussia w" ex-
cluded in 1845, and no projects were entertained
rela-
tive to the Duchy of Posen ; that he was to have been
the leader for the first rising in the duchy, so as to
guide the troops from there into the kingdom of Po-
rand. The fact that all the troops were destined for
Poland proved that the insurrection was not directed
against Prussia. The documents seized in M. Mires-
lawski's apartment were placed before him ; most of
them he acknowledged to he his. He declared the
report of a projected " Sicilian Vespers" to be a pure
fabrication, and that a sham attack was projected on
Posen to put the troops on the wrong scent.
The Court then broke up.

The CEIAIRMAN said the directors certainly did in-
tend to proceed with the
they felt convinced it would be for
Wandsworththei Branch, as
so; and he might add they were determined
benefit to doined not to
proceed with any line that bad not t .
at object in
view.—(Cheers.)
Resolutions empowering the directors to raise, by
the issue of shares, the sum of 82,057/., and also t
convert the 15th shares into which the five per cento
preference interest had been abandoned, into stock,
were also unanimously agreed to.
The common seal of the company was affixed to
the new bye-laws approved of by the Railway
Commissioners.
Mr. John Young was appointed auditor, in the

A young otickoo being. closely pursuedlose by a hawk
a 1.4./ days ago, took refuge in a school-room at Edmond:
yerg, by breaking through a pane of glass.