The Sun.
London, England, 1846-10-28 00:00:00

No. 16 882.
LON DON, WEDNESDAY rlic:
• , -I
* - • kr;
4,4 9.

ANTWERP, BRUSSELS, mid the RHINE.
(Sea Passage Seven Hours only.)
The Antwerp Company's powerful, splendid, and very favourite
Steam-ship ANTIVERPEN, THOMAS JACKSON, Commander,
leaves the St. Katharinc's-wharf," Tower, every SUNDAY MORN-
ING, at Ten o'clock, returning 'from Antwerp every Wednesday
morning, at Eleven o'clock.

Carriages and horses may be sent to the wharf up to one hour
before the time of starting, but all applications for the shipment
of goods must be made to the London Agents, Messrs. Lightly and
Simon, 123, Fenchurch-street, where, as well as at the Packet Office,
33, Regent-circus, Piccadilly, berths may be secured, and every in-
formation obtained.

rEIHE ELECTRIC TELEGRAPH.—The
prin-
ciple of this valuable invention is clearly demonstrated by
Professor Bachhotther in his Morning and Evening LECTURES at
-the ROYAL. POLYTECHNIC INSTITUTION. Dr. Ryan's CHIJI.MI-

CAL LECTURES,laili:indniil; Evenings of Mondays, Wed-
nesdays, and Fridays. The principles and uses of the WORKING
MODELS, and other specimens of the Useful Arts, are explained to
the visitors. The OPAQUE MICROSCOPE. The OXY-HYDROGEN
MICROSCOPE, by CARY. re-produced with the most interesting
objects. The latest DISSOLVING VIEWS, by Charles Smith, are
of great beauty.
Admission, Is.; Schools, Half-price.

BEARD'S COLOURED PHOTOGRAPHIC
PORTRAITS.
At 34, Parliament-street, Westminster;
85, King William-street, City ;
And the Royal Polytechnic Institution, Regent-street.

NATIONAL MERCANTILE LIFE
ASSURANCE SOCIETY,
POULTRY, MA.NSION-110UXE.
The business of this Society is now carried on at the new premises
as above. J. JONES, Secretary.
September SO, 1846.

SALES BY AUCTION.

WINDSOR FOREST.

A desirable COTTAGE RESIDENCE, or Minting-Box, and a highly
picturesque PARK-LIKE FARM within a short distance (with an
ancient Mansion out •of repair), situate near BRACKNELL and

BINFIELD, between Windsor; .Zdaidentinad, and Reading, a fine

spri:tinu part of the county of Berke.
MESSRS.. DANIEL SMITH and SON are
directed by the Executors of the late Captain Coxwell, R.N7,
to SELL by AUCTION, at the Mart, on Friday. October 30, at
Twelve, in two lots (unless an acceptable offer shall be previously
made by private contract), the following desirable ESTATES, exo-
nerated of land-tax

WARFIELD COTTAGE„ a cheerful residence for a moderate es-
tablishment, and particularly adapted for a hunting-box, being in the
centre of the Royal Hunts, and near Sir John Cope's Foxhounds. It
comprises a good garden, stabling, with loose box, and three rich
well-fenced and timbered paddocks, together with the great tithes
thereon.

WEST-END PARK, a compact estate, near Lot 1, comprising a
MANSION (out of repair) and a small farm-house, surrounded by
upwards of SIXTY ACRES in a perfect ring fence, chiefly pasture,
studded with ornamental timber, and intersected by a fine rivulet or
brook, which near the residence might be easily formed into a hand-
some sheet of water. The estates are copyhold of the Manor of
Warlleld, but the late Legislative measares for improving this
tenure will, no doubt; in a few years, render it equal to freehold.
Particulars may be had of Messrs. Bloxam and Ellison, solici-
tors, I, Lincoln's Inn-fields ; and. of Daniel Smith and Son, land
agents, in Waterloo place, Pall-mall, and Windsor.

A FREEHOLD ELIZABETHAN MANSION, with a small Park
and valuable Farms, together or in Lots, Five Miles from South-

ampton.
MESSRS. DANIEL SMITH, and SON will
SELL BY AUCTION, at the Auction Mart, on Tu
November 10, at Twelve, in divers Lots (unless previously disposed
of by Private Contract),

The GRANGE ESTATE, an important property, only one
mile and a half from the Botleigh station, comprising a flue
old family mansion, with a small well-timbered park of a
healthy gravelly loam, intersected by a trout stream; also
several contiguous farms, comprising about SEVEN HUNDRED
ACRES in a ring fence, but which will be divided into FOURTEEN
LOTS, the whole freehold, free of land•tax, and the tithes commuted.
The mansion contains handsome and lofty rooms, and most comfort-
ably suited for a good country establishment.
For particulars and to view, application must bo made at their
offices in Waterloo•place, Pall-mall, or on the premises.

DURLSY lIALL ESTATE. A CAPITAL and COMPACT
FARM, with substantially built FARM HOUSE, HOMESTEAD,
&c., near Botley and Bishop's Walton.
NIESSRS. DANIEL SMITH and SON are
instructed by the Proprietor to offer for PUBLIC COM-
PETITION at the Mart, near the Bank of England, on TUESDAY,
November 10, at Twelve o'clock, the above truly valuable ESTATE,
advantageously situated near the Market Towns of Botley and
Bishop's Waltham, and only eight miles from the important
town of Southampton, and the same distance from the City of
Winchester.

The Property comprises a substantial Farm House, with the ne-
cessary out-buildings, all in good repair, a considerable sum having
been recently expended upon them, and about 166 acres of arable
pasture, and wood land ; the whole in a good state of cultivation,
with an extensive and valuable right of commonage, and is let to
most respectable tenants. The Estate is well stocked with timber
of a luxuriant growth, It is copyhold of inheritance, and quite
equal to freehold; the fines on alienation being fixed and of a trivial
amount.

Particulars may be shortly had of Messrs. Coulthurst, solicitors,
New Inn, London ; of Mr. Samuel Palmer, solicitor, Great Yar-
mouth, Norfolk; of Mr. J. 11. Roberts, Bishop's Waltham, Rants;
and at the offices of Messrs. Daniel Smith and Son, Land Agents,
Waterloo-place, l'all•mall, and Windsor.

'VAU_'IONAL LOAN FUND LIFE ASSUR
ANCE SOCIETY,
26, CORNIIILL, LONDON.
Capital 1.500,000.
Empowered by Act of Parliament.
This Institution embraces important and substantial advantages
with respect to Life Assurances and Deferred Annuities. The assured
has, on all occasions, the 'sewer to borrow, without expense or for-
feiture of the Policy-, two-thirds of the oremiums paid (see Table) ;
also the option of eclectic: benefits, and the conversion of his in-
terests to sweet ether conveniences or necessity.
Assurances for terms of years are granted on the lowest possible
fates.

RAILWAY INTELLIGENCE.
YORK AND NORM MIDLAND.
Yenx, TUESDAY. A special general meeting was
held yesterday, at the De Grey Rooms. The meeting
was very numerously attended, there being not less than
500 shareholders present.
Mr. HUDSON, M.P., presided, and said—The object of
the first resolution was this : we issued a certain quantity
of shares in contemplation of obtaining an Act, but in
applying for that Act, instead of depositing the money
we did so on a declaration, and therefore by adopting
this resolution you will only be confirming what you
have already done. The second resolution, I think,
explains itself ; the object of it is to provide for a mil-
lion of money, which we shall have to pay for the Hull
and Selby line in 1350. By that means we shall take
certain shares at such prices as the directors shall think
proper out of the market, and thereby prevent the ne-
cessity of calling upon you to pay a million of money in
;me day. The remaining part of the resolution, or
rather series of resolutions, provides for the debt of the
I company, 500,000/. or 600,000/, by making it capital in
1850, when the position of the company will be such as
to enable the directors to continue the dividend on an
increased capital ; it will then be added to the York and
North Midland capital. We guarantee not less than 6
per cent. ; if we are enabled to pay more you are en-
titled to it, but we shall not give less. Of course there
would be a natural anxiety among the shareholders to
know, after this increase of capital, what will be the
total amount of the capital of the company. I have
stated at different times the total length of miles possessed
by this company, but I will restate that, as it may
not be in the recollection of every shareholder whom I
have the honour of addressing. I will shortly state our
position, and then you will be able to judge of our
future prospects. Including that capital, which the
directors anticipate will be authorised today, the total
amou.t ,:xe p_s.pit.L.L_will _he__472l .50/ , ... d the total
length of railway ender your management will be 306,
the average cost per mile being 15,4001. The length of
railway at present in working operation is 165 miles,
which includes thirty miles of the Hull and Burlington
line, and also the six miles of the Filey branch. Still
I should mention, that although these two branches
have been opened, they have not been as yet used for
merchandise traffic, to any great extent so far, and
therefore we may consider them not completely opened.
On the Ist of July in the next year the amount of the
number of miles will be increased by nearly 100, that
is, we shall have 97i miles to open on or before that
period, which will materially add to our revenue, and
most materially extend the company's powers and our
means of paying 3ou yieloe:smnilluyeeriythdaaitvtidtehneds. The directors
think that in all probability the Leeds and Selby shares
will be called up in the course of that time, viz., before
July next, together with 51. upon the extension shares,
and a certain sum on the East and West Ridings.
We propose that the whole of the stock, after
the Ist of July, whatever may be the sum called
up, shall receive dividend alike. We hope that
that dividend will be ten per cent.—(Applause.) I don't
feel any doubt myself—l would tell you if I did—
that it will be in the power of the company, when all the
money is capitalised and called up in 1850, to pay the
dividend which you now receive upon the York and
North Midland shares. I have no doubt whatever that
on the money called up before the Ist of July next you
will receive in the following half-year ten per cent.
dividend. I feel no difficulty or hesitation in telling
you that the. York and North Midland proprietors are
richly entitled to receive that dividend. We made rail-
ways when no one else would embark in them. We em-
barked our money in the Scarborough line, when almost
every person thought it would be an unprofitable under-
taking—an undertaking which has been described by
one who claims some eminence in railway matters, as tt
line totally destitute of traffic, merely running to a small
fishing village in Yorkshire, and constructed by the sur-
plus capital of the company. I need not say to you that
the Scarborough is one of the best paying lines in the
kingdom.—(Applause.) But then you made it at a time
when no person was making railways, when all hands
were tied up, and when the country at- large seemed
totally disinclined to embark its capital in these under-
takings. The consequence was, you made that line whe a
labour was cheap, and you bought your iron at some-
thing like five guineas per ton ; nevertheless, it ought
not to be thought unfair that you should reap the reward
'of the enterprise and courage with which you undertook
that work at that time. I state these facts, because I
think they cannot be too often put in print, or placed
before the public.—(llear, hear.) There WaS a
time when these undertakings were great specu-
lations, and if, by your enterprise, and by the confi-
dence which you have reposed in the board over which
I have the honour to preside, you have been induced to
embark your capital, I think no person ought to find
fault with your receiving from the capital the reward
which I have always thought was the great principle of
commercial enterprise.—(Applause.) But whilst you
have received an adequate remuneration for your ca-
pital, we have given increased facilities, not only as re-
gards an increased number of trains, but in every way
as regards the management of our traffic, beyond what
existed last year. Among .other things we have given
tot the public, at all the principal stations, an opportunity
of taking day tickets, which of course has affected
our revenue to a certain extent, yet the public have de-
rived great advantages, and Ido not think it improbable
that along with the 10 per cent. which you receive, the
public will ere long receive a further coniiderable re-
duction of fares on the York and North Midland line. I
4M sanguine enough to believe that the traffic will so in-
crease by the opening out of a Large extent of country,
that whilst we shall be enabled to pay you 10 per cent.
upon the capital which has been employed in the con-
,truction of the branch lines, the public will receive that
which we arc pledged, but not bound by law, to give
them. As an old company we are not bound by law; I
say that we arc pledged, and it is my anxious desire, as
it ever has been, that while you as shareholders receive
that dividend, which the .Legislature and any reasonable
man does not think an unreasonable dividend upon
a speculation of this kind, the public should
half-
yearly company, so that any one may
also be benefited. I ma mention that it is
board
to
consolidate a t the
th e
shtoaelfk-
the intention
meeting
of shares. The adoption of that plan by the Midland
buy stock instead
Company has been found to be productive of great faci-
lity, and I think it would be to the interest of this com-
pany to do the same. Our applications to Parliament in
the next session will be very limited. There will be one
to improve our terminus at Harrowgate, and arrange-
ments have already been made of a satisfactory nature,
which will enable us to have an excellent terminus op-
with the place will know, is one ofasthaenybeosTloacc localities
lui
taiienst ein
d
posite the Brunswick Hotel, which,
Elarrowgate. We shall also have to apply for a Bill to
enable us to erect a new station at Hull, an eligible site
for which, and one which has been approved of by the
whole town, has been selected. Every one in the habit
of visiting that town will be aware of the inconvenient
and bad arrangement of the present building ; besides,
we want the present building, and more if we could have
it, for our goods traffic, which has so increased, and will
still further increase, that if we could obtain additional
room, it would be advisable for us to do so.—(Great
applause.) There will be one other Bill. You will re-
member we subscribed a certain sum to the Ax-
holme line, from Gainsborough to Goole, and we in-
tend to apply for that Bill again. We should have
obtained it last session but 'for the defective manner in
which the levels had been taken. 'I must state, however,
that no fault in this respect attaches to the engineering
staff of the York and North Midland Company, because
that line was brought out by an independent company,
with whom we thought it better to unite, as we con-
templated constructing a line in that direction ourselves.
We shall, therefore, again apply for that Bill, as the
York and North Midland Company have a larger
amount of stock in the undertaking than we had before,
on account of the retirement of some of the shareholders.
There are, however, same of the local proprietors who
still hold their interest in the line, and they are to re-
ceive 41 per cent., with half the profits. With these
exceptions lam happy to say we shall not have any ap-
eanthdoisfe
Iwhhaicyhe
ap-
plications to Parliament during the next session. Gentle-
ee stohl
eu t
honourions wh
to
co h
submit
havehin it
to read a
you,r
not explained them sufficiently—if you
willwish for further
utmost pleasure and satisfa.ction
Im shallen t bheasr•
alter what rate the calls upon
information, I can only say that. it afford me the
Mr. Love then asked a
N—We are letting immediately thirty
The CHAIRMA
miles of these lines, which we
hope to open next June
and at all events a call of Si. will be made, if
or July,
is called up will, on the 'lst
not more ; but whatever .
the West Riding shares would be.mad.e.
satisfied that they can do this
rectors are, of course, _
I would not have told you if we
December following, receive its 10 per cent. The di.
without a doubt.
sbtouctkitcomn:oylidated
3i per cent. it was
jheaedt
._..4 not beenAppl a
ti
swithoute.)ii
thedoouldbt o r
).
shares hesitation
be
enb
cetahl
ilene
called
uubp-
Mr. LOVE—MI
cur?
before the Ist of July next y
. As
Ja-
nuary,lonTgbe as asCw
we come to be '
advisable to do so; but when
it ceases to be advantageous
I le
wA ei
could awant
borrow—tue geter
t amh
cent., or a little more, then
money has not
and hence the ne-
cessityto us to have that borrowed money,
the shareholders. These shares,
for a call upon
if not •
I think, ought to stand as well,better, in the mar-
ket, and North
Midland, and probably
than the old York
it has been an injury to t
been called up. The bolder of these, shares you see
gets 6 per cent. upon
that which he has never paid up.
h it is
and this is one of the things which thought by Par-
liament is not placed on proper footing, and perhaps it
may be so.
Mr. MOOR, of Hull—Have the M r and sncheste Leeds
Company decided whether they will participate in the
purchase of the Hull and Selby line, and does the new
stock now spoken of contempinte the provision of the
.
whole or only half of the capital
required for that pur-
chase?
if atpresent, and if more
The CHAIRMAN—One-ha-- .
should be found necessary we mustd.havte another meet-
ing. The Manchester and Leedsirwe
11o1.have had a
meeting, and I think arrangements be made very
satisfactory to both companies. It gives me
me great plea-
was not a dissentient voice, all
sure to say so. There
h t the result will be the means
were agreed, and I hope t a
of immediately uniting two powerful companies together.
anxious to cultivao the
I am, and always have been,