The Sun.
London, England, 1848-01-26 00:00:00

S N, JANUARY 26, 1848.

deplorable civil war waged in the bosom of the Con-
federation between twelve and two half-sovereign
cantons, and seven cantons equally sovereign. And
this civil war has evidently attacked the cantonal
sovereignty—that is to say, the fundamental basis of
the Helvetic Confederation, and its situation in
Europe.
"In consequence of which, the Government of the
King has conic to an understanding upon this subject
with the Governments of Austria, Prussia, and
Russia, alike interested, as well to respect themselves
as to enforce respect of the mutual engagements con-
tracted between them and the Helvetic Confederation,
and, in accord with the said Governments, the Go-
vernment of the King declares—
" 1. That the cantonal sovereignty cannot he con-
sidered as really subsisting in those cantons occupied
by the military of other cantons, and in the midst of
the acts which accompany this occupation.
"2. That it is only when the said cantons, restored
to complete independence, shall be able freely to con-
stitute their own Governments, that the Confederation
will be considered in a normal state and in conformity,
with the treaties.

"3. That the immediate return of the military
forces in all the cantons to the peace establishment
is the necessary guarantee of their mutual and general
liberty.
"4. That no change in the Federal Pact can be
legitimately accomplished without the unanimous
voice of all the cantons which compose the Confede-
ration.

"In making this declaration, the Goverment of
the King maintains the sacred rights of justice and
the essential foundations of the Helvetic Confedera-
tion. It desires nothing in Switzerland but the
internal repose of the Confederation, and the true and
intimate union of all the cantons which compose it.
It profoundly respects the dignity and independence
of the Swiss, and has never wished to cause any
impediment to the regular and constitutional develop-
ment of its institutions; but the sovereignty and
independence of the cantons, by the terms of the
Federal Pact, ought to be as sincerely and effectively
respected in Switzerland as those of Switzerland
herself in Europe.
" The engagements of the Powers towards the
Confederation, and those of the Confederation to-
wards the. Powers, are mutual, and founded upon the
same treaties. If the former were not faithfully
respected and maintained, the latter would inevitably
be compromised and suspended ; and the Powers who
have guaranteed to the Swiss the advantages which
they enjoy would evidently be entitled to consult
only their respective duties as members of the great
European family, and the interests of their own
countries.

" The undersigned has the honour to offer to his
Excellency the President of the Federal Diet the as-
surance of his high consideration.
" LE COMTE DE BOIS-LE-COMTE."

RAILWAY INTELLIGENCE.
JAMAICA SOUTH MIDLAND.

An extraordinary meeting of the shareholders was
held yesterday at the London Tavern in pt rsuance of
a requisition for completing the arrangement for
winding up the affairs of the company ; Mr. G.
Shorter in the chair.

After some discussion, a resolution proposed by.
Mr. Spackman was passel, to the effect that the direc-
tors be empowered to lend each individual share-
holder on the register the sum of ten shillings per
share upon the deposit and transfer of his shares,
and on his executing such release and covenant as
the directors may consider necessary for their own
security.

The CHAIRMAN said that they would do their best
to comply with the wishes of the shareholder.
Thanks were voted to the Chairman and directors,
and the meeting separated.

Barnett3ir. n inoa tihNeso cNha (isro.
DIRECT LONDON AND EXETER.
The adjourned general meeting under Lord Dal-
housie's Act, for the dissolution of the company, was
held yesterday
at the Guildhall Coffee-house; Dr.
licitor) read the two resolutions
proposed at the last meeting, " That this company
be dissolved," and " that such dissolution be an act of
bankruptcy."
At the meeting from which this was adjourned
4,000 shares were polled, and the object of the pre-
sent meeting was to continue the voting so as to give
effect to the resolutions under the Act the number of
shares was short by 2,804. A long delay ensued,
during which the polling went forward.
The CUAIRMAN then said that it appeared they had
present at the last meeting 4,665 shares, the holders
of which all voted for the dissolution of the company,
and that such dissolution :should be an act of bank
ruptcy. lie would put similar questions to the gen-
tleman who were present. The Act required one-
third of the shares, issued to be represented at the
meeting in order to take the company to the Court of
Bankruptcy, and there had been polled 8,130 shares,
being more than -sufficient under the Act. He now
put it to every gentleman present to testify whether
it was his intention to vote for the dissolution.
The resolutions for dissolution and bankruptcy
were then put to the meeting and carried unani-
mously.
Thanks were voted to the Chairman, and after some
conversation with regard to the accounts, and a vote
of thanks to Mr. White, the meeting separated.

CL ARENCE RAILWAY.
A special meeting of this company was held yes-
terday at the George and Vulture Tavern, Mr. H.
Blanchard in the chair.

The notice convening the meeting having been
read,

The CHAIRMAN briefly stated the business of the
meeting. It was to consider the propriety of sanc-
tioning certain agreements entered into by the com-
mittee of management for the lease and sale of the

line to the Leeds and Thirsk Railway Company.
Also to sanction the reintroduction of a Bill suspended
in the House of Lords last session. He then called
on the solicitor to read-the drafts of the agreements to
be submitted to the meeting.
Mr. BELL then proceeded to read the heads of the
documents, viz., to enable the committee of manage-
ment to accept the surrender of the lease of their line
from the Stockton and Hartlepool Railway Company,
dated the 22d of September, 1844, and to lease it to
the Leeds and Thirsk Railway Company for 21 years
at a net rental of 25,8001. per annum ; also an agree-
ment to sell the line and branches to the Leeds and
Thirsk Company for 480,0001., made up in the follow-
ing items :-31,4811. on mortgage due to the Govern-
ment ; 34,4801. in Government loan shares ; 108,460/.
first class shares ; 100,8901. second class shares ;
upon all of which the same dividends are to be con-
tinued by the Leeds and Thirsk Company, as now
paid by the Clarence Company ; the sum of 44,688/.1
to be paid in cash; but as the Clarence Company only
require' 15,0801. in cash to pay their debts, it is pro-
posed to lend the 29,6881. fbr seven years to the Leeds
and Thirsk Company ; of the above slam 150,0001. is
to be taken in 3,000 Leeds and Thirsk preference
50/. shares, and the remaining 10,0001. in the
ordinary Leeds and Thirsk shares, making a total of
480 000/.

Resolutions were then unanimously passed approv-
ing of the agreement, and authorising the committee
of management to enter into such arrangements as
may be deemed necessary, and to make the requisite
applications to Parliament.
In answer to questions, it was stated that the
dividend on the old shares would by these arrange-
ments be increased from 1i per cent. to 3 per cent.,
and that the value to he received for each 1001. share
would amount to about 661. It appeared that
600,000/. had been expended on the line and works,
and that the gross revenue during the year 1847
amounted to 46,240/.
It was also mentioned that the Leeds and Thirsk
Company intended to lay out a great deal of money
on the line in order to render it more productive.
That whatever increase took place in the traffic it
would be in favour of the old shares.

Thanks were voted to the Chairman, and the meet-
ing separated.

LIVERPOOL, CROSBY, AND SOUTHPORT
RAILWAY.

An extraordinary meeting of this company was
held yesterday at Liverpool, for the purpose of taking
into consideration the report of the directors at ,the
last ordinary meeting, and for determining whether a
contract for executing the works for the construction
of that part of the line which commences at Waterloo
and terminates at Southport should be entered into or
not; Mr. W. Blundell in the chair.
The SECRETARY having read the advertisement
convening the meeting,
Tne CHAIRMAN said their next business was to
ascertain the number of assents and dissents from the
Proposed construction of the line, and he would, there-
fore, call upon the shareholders present to hand them
in to the secretary.
This proceeding occupied the attention of the meet-
ing for a short time, and the numbers having teen
counted over, it was announced that there were in
favour of proceeding with the contract 161 sharehol-
ders, representing 7,249 shares, and five dissentients,
representing 103 shares.

-The CHAIRMAN then stated, that there being more
than three •fifths of the entire shares of the company
assenting to the proposed contract, the director had
now power to go on with the railway.
Mr. CROSiTHWAITE said, that having taken such a
decided part at the last meeting of the company in
opposition to the line being proceeded with at the
present time, in consequence of the state of the money
market and the general depression of trade, he was
now anxious to say a few words in explanation of the
course he then took. On that occasion he represented
a considerable number of the shareholders, who did
not think it prudent to go on with the line upon the
grounds which he then stated. He had since had
communication with them, and they had left the sub-
ject entirely in his hands. He (Mr. prossthwaite)
had had reason to change his previous views, and now
admitted that he believed those holders would rejoice
with him that the works were to be at once proceeded
with.—(Bear, hear.)
Thanks were voted to the Chairman, and the meet-
ing broke up. •

RAILWAY BILLS in PARLIAMENT.
BUSINESS DISPOSED OF DT EXAMINERS YESTERDAY.
(Before Mr. SMITH—Room 8.)
tricorrosED.—Edinburgh and Glasgow Railway
and Wilsontowo,
Morningside, and Coltness Railway
Amalgamation ; Whitehaven Junction Railway—
standing orders, complied with in both cases.
OrrosaD.—Glasgow, Airdrie, and Monlrlands
Junction Railway (central junction branch)—stand-
ing orders not complied with. Stirling and Dun-
fermline Railway (amendment and deviations)—
standing orders complied with.

(Before Mr. MAy—Room 11.)
UNOPPOSED —Royston and Hitchin Railway (ex-
tension to Cambridge and branches)—standing orders
not complied with.

OPPOSED.—Eastern Counties Railway (Cambridge,
Royston, and Ware line, and branch to the Royston
and llitchin Railway) ; Eastern Counties Railway
(Ilford to Tilbury Port and Southend, with a branch
from Vange to Battle-bridge—suspended Bills of
session IB47)—standing orders not complied with.

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