The Sun.
London, England, 1847-10-14 00:00:00

STATE OF TRADE

MANCHESTER, OCT. 12.—Since our last report,
there has been no fresh failures of importance in this
town or its neighbourhood. A rumour which pre-
vailed to some extent on Friday, of the stoppage of
Messrs. Southam, cotton spinners, of Ashtoa-under-
Lyne, was confirmed on Saturday morning. Their
engagements are said to be about 16,0001. ; and the
prospect of dividend is understood to be by no means
encouraging. A small failure was also announced
yesterday, namely, that of the firm of Edward and
Robert Andrew, calico printers; but we believe it is
of very little importance in any respect.
The creditors of Messrs. De Jersey and Co. held
a miffing on Monday, when a statement of the affairs
of the firm was laid before them, and proved highly
satisfactory. It appeared that the total liabilities
were 345,000/., and the assets 435,000/. ; leaving a
balance in favour of the firm of 90,000/. It was also
stated that the only fixed property included in the
assets consisted of two mills at Rochdale, which were
valued at 20,0001., and that the assets consisted
principally of good debts in Rusia, and of yarn in
or on its way to that country ; that the firm had
no connexion with manufacturing establishments
in Russia, or with the firm of John Thomas,
Son, and Lefevre, of London, who were indebted
to De Jersey and Co. only to the extent of 700/.
The failure was stated to have arisen from an irregu•
larity in the receipt of remittances from Russia, the
immediate cause of which had not been distinctly
ascertained. After very full explanations had been
given, the creditors passed some resolutions expressive
of their satisfaction with the information afforded,
and their full confidence in the resources of the house;
and it was agreed that three of the creditors should be
appointed as inspectors; and that, under their direc-
tion, the funds to be realised should be from time to
time distributed rateably amongst the creditors. IVe
understand that some considerable remittances have
come to hand since the suspension, and that there
is every prospect of a very early payment of the first
instalment.
A meeting of the creditors of Messrs. Stocks and
Tait was held yesterday, when it appeared that the
assets were likely to yield about six shillings in the
pound ; and it was determined to wind up the concern
under a fiat of bankruptcy.
We regret to say that a failure in London, an-
nounced yesterday, namely, that of William and James
Morley, Manchester warehouseman, Gutter-lane,
Cheapside, is likely to inflict loss upon many parties
in this town. The total liabilities of the firm are esti-
mated at about 120,000/., of which 40,000/. is
said to be due in London, about the same amount in
Manchester, and the remainder in various other
places. What the assets are likely to prove seems
to be wholly unknown; but, as it is understood that
the partners have been very largely engaged in share
speculations, the chance of a large dividend is rather
problematical. We are glad to learn that, although
the total amount owing here is considerable, the indi•
vidual losses are not likely to be very heavy; and, so
far as we have heard, they have generally fallen upon
parties well able to bear them.
In Liverpool, there has been a small failure, that
of Mr. Mocatta, a merchant trading with the West
Indies and the Spanish Main ; but his liabilities are
not very heavy. Some uneasiness is understood to
be felt in that town on account of the large amount
of bills falling due on Saturday next; but we trust
it will prove to be without much foundation
A Manchester correspondent of the Liverpool
Mercury of yesterday, announces the stoppage of
Messrs. Pennington and Ryder ; but we are glad
to learn that there is not the slightest foundation
for the rumour ; Pennington and Ryder (of Liver-
pool) being a firm of undoubted property and credit.
The market for yarn and goods continues without
any material change. Notwitstanding the general
pressure for money, spinners and manufacturers gene-
rally exhibit great firmness, and refuse to make sacri-
fices, even for immediate payment in cash. This has
been the case particularly in cloth, which has been
rather more firmly held than yarn. As may be sup-
posed, however, very little business has been done ; the
sellers showing just as little inclination as the buyers
to transact it.
During the last two days statements have been
circulated of the failure of the Oldham Banking
Company, a joint-stock concern of very small busi-
ness. We are assured, however, that there has been
no suspension of payment ; but the shareholders have
determined to wind up their affairs, and to dissolve
the company. 'We understand all their outstanding
engagements amount only to 8,0001.
The week's return, exhibiting the state of the mills,
&c., in the borough of Manchester, manifests a much
worse state of things than that 'published in the
Guardian of 'Wednesday last. It appears from these
returns, that within the last week no fewer than 13
mills have ceased working full time, of which seven
have commenced reduced hours, and six, or nearly
half, have entirely ceased. The position:of the work-
people has necessarily been greatly affected by these
circumstances, for it appears that the numbers of those
fully employed have been reduced by 1,117, whilst
the numbers of those working only short time, and
of those out of employment altogether, have been in-
creased in the same ratio. Of course, those mills
which work oily ten hours, are taken as working full
time in these returns.
We learn, also, that the stoppage of mills in the
adjoining district is increasing considerably; whilst
the delegates of the working spinners, in a meeting
held at Bolton, on Sunday last, recommended a general
cessation of labour of, to commence on the 21st
instant.

ROCHDALE, MONDAY.—There has been a steady
demand for flannels to-day, and prices of every de-
scription have met with a ready sale, at former prices.
The wool market has been more than usually quiet ;
the dealers show no disposition to push sales on credit,
and the manufacturers buy only for immediate use.
The prevailing opinion is, that wool cannot be higher,
with the present scarcity of money.
HALIFAX, SATuans.r.—The continued monetary
pressure upon the commercial and manufacturing in-
terests exerts an increasing effect upon the trade of
this district. Manufactured goods are unsaleable,
even at a sacrifice, and prices are merely nominal.
In the yarn trade less is selling, but stocks are pre-
vented from accumulating by the prudence of the
spinners. Prices show no variation. The wool
trade continues as last reported.
HUDDER. SFIELD, TUESDAY.--Business has been
very dull in our cloth-hall to•day, though some orders
have been given out by the merchants. The trade in
the warehouses, during the week, has been much the
same as that of previous seasons.
LEEDS, TUESDAY.—We have no new features to
report about the state of our market ; business con
tinues quiet. Manchester Guardian.

THE DEATH or SIB ROBERT GORDON.—The fol-
lowing particulars connected with this painful event will
i
be read with melancholy nterest :—Sir Robert had been
to the stables before breakfast, giving some directions to
his groom. He had scarcely sat down at the breakfast-
table on his return, when he must have fallen dead from
his chair ; for his servant had left the room but a few
minutes, when, on returning, he found Sir Robert lifeless
on the floor. Sir Robert was alone at Balmoral at the
time, being expected. at Iladilo House, Aberdeen the
mansion of his noble brother, the next day. Sir iobert
had been in perfect health and spirits immediately pre-
vious to the sad event. It is impossible for any one to
have been more beloved. Most remarkable for his high
gentlemanly bearing and amiable character, his death
will c
l!ast a melancholy gloom on every society where he
was nown, nor was that circle a circumscribe :I one;
for his many high qualities were extensively known and
Justly appreciated in European society at large, and his
melancholy and unexpected death is a heavy loss to it.
During her Majesty's late visit to Scotland, the
Countess of Erroll had the honour of presenting to his
Royal Highness the Prince of Wales, in the name of
her son (Lord Kilmarnock), a Highland sword deno-
minated a claymore. In virtue of the distinguished
office held by the Earl of Erroll, which was granted by
Robert Bruce, in the year 1315, to his ancestor, his ,
Lordship is by birth the first subject in Scotland, and
in right of this privilevl, on all state occasions where
the Sovereign is presant aprears at her right hand, and
takes precedence :of the entire Peerage of Scotland.—
Ayr Observer.

DESTROYING MACHINERY.
At the Ulster Police Court, on Monday, a 'young
lad named Rice was brought before the magi strates,
charged with the malicious destruction of the machi-
nery of Linnfield mill. The case excited the
greatest possible interest, not fewer than 200,
of between 300 and 400 persons who have
been thrown out of employment by the occur-
rence, were present during the procee dings.
The prisoner was in the employment of Messrs.
John Murphy and Co., the proprietors of the mill.
; On Tuesday last, he remarked to a boy named Alex-
ander Bannatyne, also in the employment of Messrs.
Murphy, that if anything went wrong with the mill
I they would be enabled to get out to look
for chesnuts, and, at the same time proposed
to obtain a piece of iron to insert into the cog
wheel, if the other would do the work. Ban-
natyne refused, and Rice thereupon searched for
and obtained a piece of metal of about a pound
weight, which, at dinner hour, and when the ma-
chinery was at rest, he inserted into the teeth of a
large wheel in the gearing-room. The machinery
having been again set in motion after dinner, a shock
occurred which was felt throughout the whole build-
ing; but the piece of iron which was inserted in the
wheel being too small little injury resulted. Shortly
after six o'clock the next night when the machine
stopped, Bannatyne and two or three other lads re-
mained to put out the lights ; and Rice, who stopped,
for the same purpose, contrived to introduce a large
piece of iron into the cogs of the principal wheel,
leaving it there for the night. Next morning, Rice,
Bannatyne, and the other workers, were at their
posts at the usual hour. The engine was set to work ;
the machinery had scarcely made one evolution when
the engineman heard, as it were, a great crash and
concussion, and, on reaching the gearing-room, he
found two segments and two arms of the large gear•
ing-wheel smashed to pieces.
Rice was taken before the magistrates, when evi-
dence to the above effect was adduced. He denied
placing the iron in the wheel. He was committed
for trial.

,LOTEMENT.—Last week an elopement of a rather
unusual character occurred not far from the Castle. hill,
Edinburgh. The wife of a respectable tradesman was
misting one forenoon, and it was soon ascertained that
she had decamped to Glasgow, in company with a
married man who lodged in the house, taking with her
a considerable sum of money and other property be-
longing to her husband. He instaneously set out for
Glasgow in pursuit, traced them to a tavern, and
pounced upon them whilst in the midst of their enjoy-
ment. He bestowed a sound flagellation on the gay
Lothario, and sent for a constable, to whom he gave
both in charge, while he proceeded in search of a war-
rant to compel the restitution of his property. On his
return the birds were flown, and he learned, after some
inquiry, that, eluding the constable on some pretence,
they had gone straight to the Broomielaw, and em-
barked on board a vessel bound for New York, which
had sailed. He hurried away, procured an Admiralty
warrant, hired a steam-boat, and set off in pursuit of
the fugitives. By this considerable time had elapsed,
and they had got so much the start of him that it was
only opposite Dumbarton that he overtook them. By
virtue of the Admiralty warrant, he boarded the vessel,
seized the fugitives, who on the spot gave up, it is
understood, all the money, &c., belonging to him. He
then wished them a happy voyage across the Atlantic,
and returned home in high spirits and happy temper at
having turned the tables so neatly on an ungrateful
friend and a faithless wife. The lady has been married
about twenty-two years, and is about double the age of
her paramour. Fortunately she has no children.—.
Glasgow Mercury.
MORE RIOTS AT OVER DARWEN.—We regret to
state that the peace of this village was again disturbed
on Monday afternoon. The outbreak commenced with
the destruction, near the Golden Cup, on the Black-
burn road, of two cartloads of furniture, belonging to a
mechanic and other hands, from Preston, who had
been engaged by Messrs. Walsh. The " turn outs "
first unloaded one of the carts, and broke it ; after
being reloaded, they again took it off the cart, and
smashed it to pieces. They then returned to the village,
and the spirit of mischief being up, commenced an at-
tack on the cottages of Messrs. Walsh's hands (the
" knobsticks "), tearing down or driving in the doors
and window frames of about twenty of them, situated
near the weaving sheds, at the bottom of the village.
The mob then proceeded further up the village, and
commenced a furious attack upon the George Inn, be-
longing to Mr. Ralph Walsh, a brother of the partners
in the manufacturing firm. The mob smashed all the
doors and windows, tore down the bar, breaking all
the glass, &c., within their reach. Only one policeman
was in the village at the time. Two are stationed there
usually, one of whom was absent on duty. The da-
mage is estimated at between 2001. and 3001.—Manches-
ter Guardian.

A whale, more than 40 feet in length, and 17 feet
in circumference, was found three days ago stranded on
a sand-bank near the mouth of the Seine, by some fish-
ermen, who towed it into Havre.
DREADFUL ACCIDENT.--We are informed that on
Wednesday morning last, when the colliers proceeded to
their work in a pit in the immediate precincts of Airdrie,
they found lying at the bottom the mangled bodies of
three young men. The deceased, we learn, were trades-
men belonging to Calder Bank, and had been drinking
deep in Airdrie on the preceding night. There is little
reason to doubt that they had stumbled down the pit by
accident.—Glasgow Herald.
THE RECENT ACCIDENT ON THE SOUTH EASTERN
BAILWAY.—The Brig/don Gaze te speaking of the recent
accident on this line, says Arrangements have been
made at the junction which will render the recurrence
of such an accident impossible. The points are now
constructed to run into the Kepner Branch, and e ill
always remain so, unless at times when the signal man,
finding the branch line clear, turns the points to the main
line ; in which case he would, of course, give the cor-
responding signal. In this manner, it will be seen, that
negligence, even on the part of the pointsman, will in-
sure safety, while danger can only arise from a positive
actin the wrong direction." It would appear that the
accident arose from the driver of the London train dis-
regarding the stop signal until too late. The same au-
thority says_" A rumour has teen industriously circu-
lated that Clayton Tunnel is unsafe; and we have even
been seriously told that the London and Brighton traffic
is to pass by way of Lewes and along the Keymer
branch railway while the necessary repairs were made.
Another rumour was, that the company contemplated
turning the tunnel into an immense cutting. The ab-
surdity of the latter report is its own refutation. With
regard to the tunnel itself, we have authority to state,
that it is impossible for a tunnel to be in a more perfect.
condition in every point."
ADMIRABLE DISCOVERY.—STONE SUPERSEDED.—.
A process has been patented by which artificial stone of
every quality may be produced, from artificial granite
to statuary marble. 'lbis invention is, from its cheap-
ness, a great advantage fur all the purposes of architec-
tural decoration, and, from its plastic nature before it.
becomes hard, of great service to sculptors in taking casts
of statuettes, busts, &c., and even figures of the size of
life. The cost is in all cases whore carving is required
in stone, in which this composition is substituted, less. by
nine-tenths. The invention is founded on the chemical
analysis of the natural varieties of stone. The artificial
stone produced is less absorbent than natural stone, and
superior in compactness of texture, and will resist;' frost, damp, and the chemical acids. It is made of flints,
and siliceous
grit, sand, &c., and rendered fluid by heat,
and poured into moulds as required till cool and har-
dened. Its strength and solidity enable it to resist more
blows than real stone. The specimens of the inventionn,
exhibited consist of many varieties, some being plain.
pieces of coping stone, stones for variegated pavements
for halls and rooms, stone ornaments, such as mouldings
for freizes, finials, and some more elaborate, having
flowers and devices apparently cut with the chisel. There
are also some grindstones, and stones used by agricul-
tural labourers for sharpening scythes and tools. The
invention is also applicable to the lining of cisterns and
water pipes, its vitreous qualities insuring cleanliness.
Its extreme cheapness is also a matter of consideration
to those who require ornamental additions to houses.
GRAY'S INS.—The lecturer on the law of real pro-
perty and conveyancing has announced his intention to
deliver his introductory lecture in the hall of that society,
on Thursday, the 4th of November, at half-past 7 o'clock,
P.M., and to continue the course of lectures, exercises,
and examinations, on every Monday and Thursday,
until, and inclusive of, Thursday, the 23d of December
next, at the same hour. The admission tickets to be
obtained at the steward's office

During the storm on Wednesday night two
schooners from Liverpool, with general cargoes, came
ashore on the north part of the island one, the
AWestern e I sel
tehs
e, r beoeuanrd t
hfoer Irelandmaegheid near
uea the
Head;
onehand pointof
lost. The former we understand, has been got off ;
but the latter has had her side stove in.—Manx Sun.
LITTLE PATRIOTS.--A. fair correspondent of the
Ration announces she has taught " a group of interesting
ochildren" that they " are bound, before God and their
ceeeunhterfye,renetVh never
a%atec
tee&
.s
h e resistance
ehee to England until they
of Dublin—
' A line of freemen's flags,
Begirt by freemen's cannon.' "
THE AithIT.—DUBLIN, 0CT.12.--The 68th
Light Infantry, now in this garrison,.
are under orders
for Mullingar, where they will arrive on the 14th and
15th instant, respectively. The 40th Regiment, which
arrived in Dublin last week, from Hull, has proceeded.
en route to Castlebar, and will furnish. detachments to
Galway, Tuam, &c. The Depot Companies of the 93d
Highlanders left Dublin yesterday for Belfast, for em-
barkation for Scotland.
ACCIDENT IN THE COUNTY LONGTORD.—(From
a private letter dated on Sunday, the loth instant).--
Yesterday we had an awful explosion here, near the
lodge of the New Castle. Just as Mr. and Mrs. Har-
man were in their carriage, on their way to Rockingham,
a nice-slated house by the road side, used as an office
and a store for the men working on the river, was blown
to atoms. The walls, with the exception of one gable,
were torn from their foundation. The check clerk, Mr.
Richard Butler, was blown through the door, and mi.
serably scorched and cut. A man of the nameof.Lones
s 180 their
barrels fa
nt,
banudt nhoisliwveifselwosetr.e dTrehaedrefuwllye'rehuornt,thaendlofat
pI
gunpowder, containing 251bs. each.
I • A serious case of stabbing occurred at peach oa
Thursday night last. It appeared that between eight
and nine o'clock, John Nunn, a hawker of fish, went
home under the influence of drink, and quarrelled with
his wife, the result of which was that with the knife he
had been using at table he stabbed her in the neck. He
was committed for trial on Monday.—Bury Post.
Colonel Charles M'Allister, of Kenn(); died cud.
delay on TIM*, last, Of apopleity,•-alaagete Paper.

LIABILITIES.

Capital stock—
OW shares
New shares

340,000

Debentures)... .•
NE ih Acceptancie..,
(3f.: Book debts

ASSETS.

MONEY MARKET and CITY NEWS.
CITY, WEDNESDAY EVENING.
TIMES.—We regret very much to announce tha
the house of Barclay, Brothers, and Co. has to-day
suspended payment. The liabilities are stated at
about 450,0001., of which, however, only 220,0001. is
upon acceptances. The cause of the event is the
same as in the case of Reid, Irving, and Co. Large
engagements in the Mauritius involving a constant
absorption of capital first involved the firm in trouble,
and the recert failures in England of parties on
who it held acceptances, coupled with the existing
piWitfire, have rendered extrication impossible. The
head of the house is one of the present members for
Sunderland, and the partners are distantly related to
Messrs. Rarclay, the bankers. They are also related
to the members of the brewery, but an impression
which seemed prevalent this afternoon that they have
some shares in that business is, we understand, entirely
erroneous.
The English Funds have again undergone a most
severe depression. Consols opened at the closing
pre of yesterday—namely, 83 to *, but after con-
siderable fluctuations caused by the operations in
connexion Vith the settlement to-morrow, they
reached 82i, at which they were quoted at the
close of regular business. The fall, however, did not
end here, but continued after three o'clock, and the
final price was 811, being nearly four per cent.
below the lowest price to which they receded during
the panic in April last. The future prospects of
the revenue, the failure above-mentioned, and a
very strong expectation that the Bank of England
will openly raise their rate of discount to-morrow,
were alleged as the causes of alarm ; but it is
most probable that the necessity of bringing to a
close the large speculations for a rise which have
taken place during the present account, together
with some hasty sales in connexion with a repayment
of advances due to the Bank, had a far greater influence
than any other circumstances. The fact of the last
instalment of the Irish Loan (16 per cent.) falling
due on Friday, mair also have contributed in the
same direction. At the Bank to-day the attendance
of the public for the receipt of dividends was said to
be unusually great. The pressure at the Discount
office was also continuous.
Letters from Liverpool mention the failure of Mo-
catta and Son, a firm engaged in the La Guayra
trade, but the liabilities are not supposed to be im-
portant.
A meeting of the Governor and Company of
Copper Miners in England took place this afternoon,
the particulars of which (inasmuch as they involve
the announcement of a recent loan to the company
of upwards of a quarter of a million, at 5 per cent.,
by the Bank of England, together with the extent
to which the concern sustains loss by the failure of
its Governor, Mr. Gower) will attract considerable
attention.
At the commencement of the proceedings it was
stated, that in consequence of the present position of
the affairs of the company it was considered neces-
sary to recommend a temporary suspension of the
dividends both upon the old and the preference
shares ; and the general reasons for this course, as
well as a detail of the financial measures adopted by
the Court of Assistants, with the view of removing
existing difficulties, will be found in the following
documents which were circulated among the pro-
prietors :
" At a Special General Court of the Governor and
Company of Copper Miners in England, held at
their office at Castle Baynard, on the 13th of
October, 1847, the following speech was delivered
to the court by the Deputy-Governor, John Henry
Pelly, Esq.:—
" Gentlemen,—The Court of Assistants have caused
this special general court to be summoned for the
purpose, firstly, of carrying out an arrangement with
the Bank of England; and, secondly, laying before
the proprietors the present position and prospects of
the company.
"The court regret to have to announce the retire-
ment of the late governor, A. L. Gower, Esq., and of
G. S. Walters, Esq., and William Little, Esq., from
the Court of Assistants. The circumstances which
have rendered these vacancies unavoidable are already
known to the proprietors. It is proposed to call a
special general court shortly to fill them up, when
parties will probably come forward as candidates
whose names will be highly satisfactory to the
shareholders.
"The court finding from the pressure in the
money market and the numerous failures in the
commercial world, that the financial position of
the company was becoming a very difficult one,
thought it right to summon to a conference the pre-
ference shareholders, ;;for the purpose of raising a
sufficiently large sum of money to relieve the com-
pany, but this measure was not attended with ade-
quate success.
" The Court of Assistants then opened a negotiation
with the Bank of England for a loan on the security
of the company's property in Wales, which I am
happy to say has been brought to a successful issue.
" The Bank has agreed to make an advance of
270,0001., at five per cent., of which 150,0001. will
liquidate engagements of this company already in the
hands of that corporation, and the remaining
120,0001. will come into the company's possession in
cash.
" A resolution will be proposed for your adoptjon
to authorise the Court of Assistants to carry this ar-
rangement into effect.
" %nen this special business has been disposed of
I will call upon the secretary to read a report which
has been prepared by the Court of Assistants for
your information, and which will enable you to form
a correct view as to the present state and future pros.
pects of the company ; I shall then be happy to
answer any questions which may be put by any
proprietor.

" Report by the Court of Assistants for the infor-
mation of the Special General Court of Proprietors,
summoned for Wednesday, Oct. 13, 1847:
" Since the Annual General Court of the 7th of
April last, the attention of the Court of Assistants has
continued to be given to the best mode of reaping
the advantages contemplated from the increase of
capital and extension of our works, and they are able
to report that, in a very great degree, these expected
benefits have been realised by the present productive
state of these works, and by the diminution of the
floating debt of the company.
" The proprietors will bear in mind that it was
stated by the Governor in April that the Court of
Assistants having accomplished the object immediately
in view, considerably within the limits you voted, had
discontinued the issue of preference shares ; and,
afterwards, the Court considered they were consult-
lug the interests of the proprietors by converting into
debentures at ten years' date, bearing interest at the
rate of 5 per cent. per annum, such preference shares
as the holders thereof were desirous of commuting
at par.
" Subsequent events, however, have, as is well
known, paralyzed the usual sources of monetary ac-
commodation, and amongst others, the pressure fell
upon this company to an extent which induced the
Court of Assistants to call to a conference alit holders
of preference shares, as parties most immediately
interested, to raise the funds necessary to carry on
the business of the company, either by an issue of the
remainder of the preference shares authorised, or by
an advance on debentures. The appeal, however, was
fruitless, and the Court can only express its regret at
the circumstance.

" It then 'became essential that the Court of As-
sistants should take immediate steps fpr preventing
the loss of property which was impending, and an
arrangement has been made with the Bank of Eng-
land by which the existing liabilities of the company
will be extinguished to the extent of 150,0001., and a
loan in cash of 120,0001. will be made on the security
of a mortgage on the company's property in Wales,
with the collateral security of the members of the
Court, and other approved parties.
" The Court of Assistants feel that in thus placing
themselves in the gap to stop any ruinous effects on
theor confidencey took upon themselves a risk which
irof in your support and in the stability
undertaking could alone justify, and which
willbe responded to by your approbation and unani-
mou
~,
s confirmation of the arrangement.
ith a view of reducing the liabilities of the
company, the Court of Assistants have deemed it
necessary to determine that no dividend shall for the
present half-year be paid upon the old shares ; that
the dividend on the preferencethsahtares shall also for the
present be suspended ; but
engagements of the company, ine'ipauodnfic7
course, all other
the payments
nornually met.
of interest on the debentures, be
" The annual accounts of the have al-
each
ways been made up to the 30th of SeptpeamYe
year, and as so short a time has elapsed sincertre
of September last, the Court has no correct ac 3un
oth
co
later than September 30, 1846. This of course has
been much changed by the operations of the past
twelve months, and therefore it is not possible for the
Court to be accurate in figures; nevertheless, to avoid
misapprehension, and as some of the preference share-
holders who attended at the late conference appear to
have gone away in error, the following statement is
annexed, which, in reund numbers, very nearly ex-
hibits the financial position of the company :

260,000
.600,000
500,000
70,000
180,000

£1,350,000

r
Fixed property—
Cost to September 30, 1846 735,000
JAW out since