The Sun.
London, England, 1846-06-13 00:00:00

eabtrZi VS=anion

RAILWAY COMMITTEES

(THIS DAY.)

HOUSE OF LORDS.
NORTH STAITORDSEIRE.

The Committee cn the three branches of this line met
again shortly after eleven o'clock in Room B (New Houses
of Parliament). The Duke of Cleveland again took the
chair. Their Lordships were all present.
Mr. TALBOT, in answer to a question from the Chairman,
said that a clause had been drawn up which, he thought,
would meet the views of the petitioner (Sir Henry Every),
and would meet the approbation of the Committee.
Mr. Parke,, the Parliamentary agent, was called to give
certain formal evidence.

The evidence of Mr. Bidder was then proceeded with. It
contained no point of interest beyond those contained in Mr.
Talbot's address, of which a full report was given in The
Sun of yesterday (Friday).
Mr. TALBOT then read the clause above referred to, which
was to the effect that " nothing in this Act contained shall
authorise or er.able the said Company to purchase or take
any property belonging to Sir Henry Every, in the parish
of Eckington, without the consent in writing previously had
and obtained of the said Sir H. Every, or his heirs," &c.
Mr. Sergeant ALLEN objected to the use of the words " in
the parish of Eckington," which he said would not restrict
the Company from taking that part of the property which
was situated in the parish of Etwall, adjoining the parish the
Eckington. He therefore proposed the substitution
words " in the county of Derby."
Mr. Bidder said that there were no powers in the Act to
take property in the parish of Etwall.
Mr. TALBOT very strongly objected to the alteration, and
a long discussion ensued, which ended in the adoption of the
clause with the alteration proposed by Air. Sergeant Allen.
Mr. TALBOT then proposed a clause to refer the question
as to Mr. Cartwright's property to arbitrators, which
Mr. FLUND expressed himself prepared to accept with some
alteration.
Mr. TALBOT objected to this alteration and a long discus-
sion ensued, which ended in the room being cleared. In about
a quarter of an hour we were re-admitted, and
The CHAIRMAN said, that the Committee had resolved
upon a clause by which they thought both parties would be
satisfied.

—Arr:FLuND, however, was not satisfied, and as the parties
could not agree,

The Committee ordered Mr. Flund to proceed with his
case.

Mr. FLuND said that before opening the case as to the
injury to his clients he had to raise a very grave objection,
which would be fatal to the further progress of the Bill. It
was this; there was no estimate for the Uttoxeter and Stoke-
upon-Trent Branch, which diverged from the Churnet
%alley line.
Mr. AUSTIN—A mere standing order objection.
AIL PARKES-It was disposed of in the Standing Orders'
Committee, and they declared the standing orders complied
with.

Mr. FLUND continued—He would call their Lordship?
attention to the 14th section of the 233 d Standing Order
"for the consideration of Committees on Bills," in which
they were directed to report the amount of the estimate for
each branch, and whether they were of opinion that they
were sufficient. Now, not only was there no special estimate
for this branch, but he could prove that the estimate for the
Bill was only sufficient for the main line (the Churnet Valley
line), and could not, therefore, be said to include the branch.
Mr. AUSTIN was about to reply, but
The CHAIRMAN stated, that if Mr. Flund had any wit-
nesses to call, he ought to call them before Mr. Austin
replied.
Mr. FLUND then called Mr. Hopkins, civil engineer, who
said that the estimate for the Churnet Valley line was barely
sufficient for that line, and could not include the Uttoxeter
branch. He believed that it was intended as an estimate for
the main line, and that the branch was omitted from the cal-
culations. The branch could not be made within the esti-
mate.

He was cross-examined by Mr. AUSTIN, who endeavoured
to show that lie (Mr. Hopkins) was incompetent to make the
calculations.

The Committee, without calling on Mr. Austin to reply,
ordered the room to be cleared. We were re-admitted in a
few minutes, and
The CILAIRMAN said—The Committee are of opinion that
the 14th section of the 23.3 d Standing Order is complied
with.

Mr. Aux]) then said, that after the decision of the Com-
mittee, it would be absurd for him to attempt to oppose the
passing of the Bill, and to say that this important
district should not have railway accommodation. Neither
would he set up a case that there might be a better hne
made. In short, his case was now one of compensation.
Mr. AUSTIN expressed his willingness to insert the same
clause which he had previously offered, by which the case
should be referred to arbitration.

The Cmultm-vi—Why there are but two courses left—to
refer it to arbitrators or to a jury. No clause was ne-
ce,sary.

An agreement was then made between the parties, to the
effect that the matter should be referred.

Some other clauses were adjusted, and the Bills were passed.
Their Lordships then finally rose.

HOUSE OF COMMONS.
GROUP XVII.

MANCHESTER. AND SOUTHAMPTON AND
ROMSZIr AND SLEDBRIDOSI BRAN CU
(SOUTH WESTERN).

The Committee met this morning at the usual hour.
Mr. HOPE continued his cross• examination of Mr. Cope,
the gentleman employed to take the traffic of the line, with
respect to the mode in which he obtained the returns which
he handed in, and was examined at some length upon yester-
day. He detailed the various items and the sources from
whence he derived them, and explained that he had in his
estimate doubled the traffic, a course which he was perfectly
justified in adopting with respect to this line, as the
fact had been so frequently realised or established
lines—on the Manchester and Birmingham, for instance.
Those whom he employed for the purpose of collecting the
traffic were persons used to the employment. They were
placed at various stations in the course of the line, each
station being under the superintendence of a clerk well
versed in his vocation.

The witness was also examined by Sir T. PHILLIPS on
the same points, and the Committee rose at three o'clock.

STANDING ORDERS' COMMITTEES.
HOUSE OF LORDS.
Lord Shaftesbury was the only Member present at one
o'clock, the hour appointed for the meeting of the Committee
on their adjourning last evening.
There were but five Bills on the list, and the decisions
were as follows:
NORFOLK (DEREHAM, WELLS, AND BLAKENEY
EXTENSION).
Standing orders complied with.
LONDON AND SOUTH-WESTERN (HAMPTON
COURT BRANCH).
LONDON AND SOUTH WESTERN (CHERTSEY AND
EG HA M. BR ANC H).
These two Bills, which stood over from a former day, in
consequence of the absence of a witness, were again called
on to-day, and, the proofs being completed, they were passed.
EAST OF FIFE.
This case stood over on account of the deficiency of some
formal evidence.
CAMBRIDGE AND OXFORD.
This Bill was passed.
It is, perhaps, hardly necessary to observs, that in each of
these five' decisions the Committee was unanimous. His
Lordship having resolved himself into a Select Committee
on merits, proceeded with the case of the East Lincolnshire
Railway, the only Bill on the list. It was unopposed, and
after some formal evidence had been given it was passed.
The Committee adjourned at half-past two.

SHROPSHIRE MINERAL RAIL-
WAY. SPECIAL MEETING (THIS DAY).
A meeting of the shareholders of the Shropshire Mineral
Railway took; place this day at the London Tavern, in order
to receive a report of the committee appointed by the share-
holders at the general meeting of the Company, held on the
20th of February, 1846.
The chair was taken at one o'clock precisely by Alderman
Copeland.
The CHAIRMAN then called upon Mr. Wilkinson to read
the report.
The report charges matter of such a grave and serious nature
against certain gentlemen, that we will abstain from mentioning
names, and confine ourselves to stating a fete of the facts as
they are set forth in the report. A sum of 21,0004 was spent
in the purchase of shares, drawn by cheques on the share-
holders' money, and that by parties members of the finance
committee. It appeared that there were no less than eleven
members of the committee of management who never paid
upon a single share. The committee also discovered that in
two instances blank cheques were torn from the cheque-
book, andinzi(er omorandum was entered on the counterfoil.
It was
was afterwardslad that one of them, for 7,0001.,
and that the name cf Mr. Alder-
whoseJ favour it w
men ohneon, of Da:rdll 7:is forged to it as the party in
able to discover, it appearj4 far as the Committee were
commenced in the monththtt_ the purchase of shares
were bought at 1.% premium,
luldplew;bas:tr.sinratta:iln:eg, shares
and and 16th of October, 1,083/. ls. yeas 11-_t74° days, the 15th
to the 28th of last month, with the
Management, a to
members of the Committee of Mane
013Yoother
On the 30. h of October a further sum of 7,B3ll:l,Taistiluvrenci.
ofshares through the medium of two "ted in the purchase
cheater brokers. There was also turn 15s.
charged
for travelling expenses incurred during
_t_h_e_above operations
8911.
Another of the cheques amounted to ; and although
there was no doubt that they had been returned by the
bankers to the Company, yet they had not been produced to
the committee, and they were consequently incapacitated
to render any further account of them. The report also
stated that an abstraction. of 3,034/. 15s. was also committed by
three of the directors, but for what purpose could not be
r
precisely known. The report went on to say, that after great
difficulty they succeeded in getting back the 4,800 shares, in-
volved in the outlay of the 18,000/., which the committee
considered would be a great advantage to the Company.
A resolution, adopting the report, was passed, and
The CHAIRMAN stated that the persons connected with
the abStr.act ion of the money were bound in law and equity
to refond it, and if they did not do 50 voluntarily, they
would be fozed to do so. They had taken eminent legal ad-
vice uyee the question, and they were assured that the
whole of it should be paid back; and that if A or B were
net able io do so, C or D should.
The meeting then resolved itself into a general meeting of
the subscribers; Sergeant Adams in the chair.
The Cri'Alnm.m, who was wholly disconnected with the
previous transactions, then addressed the meeting, and
after having adverted to the painful position in which
he eves placed, by being Chairman of a Company where
such improper. ("induct ilad been pur,aed, read a number
of resolutions to the nrceiu,-.. the eff-ctof which were to
wind up tbe coo ern and to'"
r
take legal and criminal pro.
ceedinge against the guilty a tes
Totes of thanks were then passed to Sergeant Adams and
Alderman Copeland, and tCmeeting adjourned.
QU

EEN'S BENCI-1.--(THIS DAY.'
(Sittings in Banco.)
LADD'S v. BRANSON.
This was a demurrer by the defendant in an action for the
recovery of a sum of money, paid by the plaintiff for the de-
fendant, for a number of railway shares, the defendant con-
tending by his pleas that the plaintiff was not entitled to re-
cover the amount, inasmuch as the shares the plaintiff had
paid for for him were in railway companies that had not ob-
tained certificates of complete registration, which was neces-
sary to make the transaction legal.
Mr. PASHLEY, whe appeared to support the demurrer,
argued that the decision of the Court of Exchequer in Young
V. Smith, was not correct, and asked this Court to come to
a different decision.

Mr. MARTIN, Q.C., whe appeared for the plaintiff; con-
tended that it did nut appear from the defendant's pleas that
the companies in which the de'endant had been trafficking
had not obtained certificates of complete registration, and
when it was sought to get rid of a responsibility upon such
grounds as those urged by the defendant, it was necessary
to state it particularly upon the record. But he would apply
himself to what he conceived to be the legitimate question
the defendant sought by this demurrer to bring before the
Court. The Learned Counsel then went on to argue the
various sections in the Joint-stock Companies Act, and
contended that it was quite immaterial whether the compa-
nies had obtained certificates of registration to entitle the
plaintiff to recover in this action, that the Court of Exche-
quer, in Young v. Smith, had properly construed the meaning
of the Legislature, and the law as it then stood was correct,
and that if it was otherwise, all the sales of scrip and every
scrip transaction would be decided to be illegal.
As there are several other cases before the Court in. which
the same points are raised the Court took time to consider.

EXCHEQUER.-(THIS DAY.)
(After Term Sittings at Nisi Prins, before the LORD CHIEF
BARO/4 and a Common Jury.)
SAUNDERS v. CREAGIE.
Mr. Crowder, with whom was Mr. M. Smith, appeared for
the plaintiff, and Mr. Wordsworth for the defendant.
This was an action brought by the plaintiff., who are
half pay officer, and paymaster to the out-
bankers in Exeter, to recover the sum of 108/. from
the south-west south-west of England. The debt was
dp
ea
nn
st
i,
nwehr
so i
os f a
alleged to have been incurred by plaintiff overdrawing his
account at the bank.
After a lengthened examination of witnesses, the case was
referred to arbitration.

THE FUNDS-(CLOSING PRICES.)
BRITISH FUNDS. ONE CLOsINo
O'CLOCK. PRICES.
Three per Cent. Reduced Annuities .. .. 95% 95y,
New Three-and-a-Quarter per Cent. Anna. 96% 97% 97%
Long Annuities, Expire Jan. 5,1860 .. 10 3-16 10 3-16
India Bonds, 1,000/. .. .. _ .. .. 20 20
Consols for Opening .. .. .. • • • • 95 %% % 95 U
Exchequer Bins. 150. 116 d.
1,0001... .. .. • • 15 11 pm. 11
Ditto, Small .... 16 11 17 --Pm. 17
ONE CLOSING
O'CLOCK. PRICES.

FOREIGN FUNDS.
Chilian Bonds, 6 per Cent ..
Ditto, Deferred, 3 per Cent .
Mexican Bonds, 1837, 5 per Cent ..
Ditto, Deferred ..
Peruvian Bonds, 6 per Cent.
Portuguese Four per Cent
Ditto, for the Account ..
Spanish Bonds, 5 per Cent .. 24
Ditto, Passive Bonds 51,‘
Dividends on the above payable in London.
Dutch Two-and-a-Half per Cent
Ditto. 4 per Cent. Certificates

.. .. 37%
.. .. 46 45%

.. 91%
PRICES OF BUSINESSCLOSING
RAILWAY PAID. DONE AT
SHARES. PRICES.
ONE O'CLOCK.
3,4
126

..126 ....... ..

Aberdeen
Birmingham and Gloucester.. .. 100
Bristol and Exeter .. .. 75 .. ..... .
Ditto New .. .. 5 .. • • 10 •• • • • •
Buckinghamshire .. 425. .. dis
Caledonian .. .. 10 .... 11% ll%
Cambridge and Oxford.. .. 1% % ......
Derby and Crewe .. 2% .... 6% .. •
Direct Manchester (Rastrick's) .. 5%.... •
Direct Northern .. .. • • 1% ••••• • • • • •
Dublin and Galway .. 4 .... .. • • ... 2
Eastern Counties ~ .. 141. 165..... 23%%% .. •• • • 23ii
Ditto New .. .. 10/. 165..... • •
Do. Perpet., 5 per Cent. No. 1. 61. 13s. 4d. ••• • •
Ditto, ditto, .. No. 2. 61. 13s. 4d. % p
Ditto, York Extension 105.....
East Lincolnshire 1%
Edinburgh and Glasgow .. .. 50 ....
Ditto % Shares .. .. • •• 10 .. 17% ..
Great Southern & West. (Ireland) 20 .... 22
Great Monster 2%
Great Western
Ditto Halt Shares .. 50 ....
Ditto, Quarter Shares
Guildford, Fareham, & Portsmoth 5 .... 4%
London an Birmingham . • • 100 ....227
Ditto Fifths .. 2 ....
London and Blackwall .. 161. 13s. 4d. ..........
Ditto, New .. ........ • •
London and Croydon • . ..131. 15s 0d... 21% % • •
London and Greenwich .. 121. 158. 45. ..........
London and South-Western 41/. 6s. 10d... .. •• • • -
Ditto, New Consol. Eighths .. 34 .... 52% ..........
Ditto, New .. • • .. 17%.... 29 ..
London and York .. 2%.... 2 ...• • • ....
Ditto, Half Shares .. .... .... ••• • • •
Loudon, Salisbury, and Yeovil .. .. •••• • • •
Manchester and Leeds .. .. • • 82 ..........
Ditto, Fifths .. 3 .... .. •••• • • • •
31anchester and Birmingham .. 40 . 80 .. • .. • •
Ditto, Quarter Shares (B) .. 4 .... 12%34 • • .... • •
Manchester, Buxton, & Matlock 425. •• • • % 13• •••• • • •
Manchester and Southampton .. 2 .... 1% %•• • • ....
'Midland ..100 ....145 ........
Ditto, New ~ 18 • • 31 30% ......
Newcastle and Darlington Junct. 25
Ditto, New . 1 .... 8
Newcastle and Berwick .. •• 15 .... 24%
Newark, Sheffield, and Boston .. 1% ....
North British .. • . 22% 29%

.. .. 0Z.... 11g....
i .. 1%.... 1%%

DittO, Half Shares .
Ditto, Carlisle Extension
Ditto, Dalkeith
Ditto, ditto ..
North Staffordshire .. •
Portsmouth Ilirect • • •
Preston and Wyre .. •
Scottish Central ..
Shrewsbury and Birmingham .. 234 234 • •
South Midland 425..... dis
South Eastern and Dovor .. • . 3334 .
Do., New (do. 151.) .. No. 4. 234 .
South Wales .. 5 .... 114 • •
Vale of Neath .. 2 .... .....
Warwickshire and London • 425..... ..........
West Riding Union • • • . 425. .. 214 p.. r •
York and Carlisle .. .... 115 1 • ......
York and Lancaster .. 2% .... 1% • • ........
York and North Midland .. 50 • • •. •
Ditto. Extension .. .. 15 .... • - • -
Do. E. and W. Riding Eaten... 1 .... 1034 • •
FOREIGN RAILWAYS.
Boulogne and Amiens .. 12 .... 10%..........
East Indian .. . Is. .. ••.. • -
Luxembourg
Namur and Liege .. .. 6 .... .
Orleans and Vierzon .. 10 .... 15
Paris and Lyons Constituted .. 5 .... ...
JOINT-STOCK BANKS.
.. 25 .... 25w..........
MINES.

• .. 425..... 31i94 4 p....
• .. N •

anion of Australia

Real del Monte, 17nrezistered —3%

STATE OF TRADE.

FOREIGN WOOL TRADE, LEEDS, JUNE 12.—Most
descriptions of foreign wools have been in rather better
request this week, and a fair amount of business trans-
acted. We do not perceive any tendency in prices to a
further decline.

ENGLISH WOOL MARKET, LEEDS, JUNE 12.—Saks
of English wool have been quiet this week, and prices
are quoted as stationary.
WAKEFIELD WOOL MARKET, JUNE 12.—The wool
trade still rules dull, and although quotations remain the
same, sales are made with difficulty, and on hardly so
good terms.

YORK WOOL MARKET, JUNE 11.—There has been a
very large show at this day's market, but the attendance
buyers was only moderate, neither purchasers nor
holders appearing very anxious to do business, and
throughout the day the sales continued to be dull, which
was no doubt owing to the great quantities exhibited,
and lower prices in several cases were submitted to.
The following are the nearest quotations :—Ewe 1O d.
to I Id., hog and ewe I lid., 121, to /21d. per lb.
HULL Wool. MARKET.—There was a fair supply of
wool, and generally of good quality. The attendance
of buyers was large, and nearly all was sold up at 275.
to 28s. 6d. per tod. From the reports which we have
received of the progress of shearing, a much larger
supply is anticipated next week.
IiECKSIONDWIKE BLANKET MARKET, JUNE 11.—
The attendance of buyers at the market, both Monday
and to-day, has not been so good. There is not much
alteration in prices the last few weeks. Good samples
continue scarce.

BRADFORD MARKET, THURSDAY, JUNE 11.--The
business dune in wool sales is very limited. The spin-
ners buy only for present consumption. There is, how-
ever, no fall in price. In yarns there is a lair trade, so
far as demand goes, but prices are such as to give no en.
coursgement to spinners to do more business. There
has been no alteration in the piece market for the last
two weeks.

MANCHESTER THURSDAY EVENING.—A fear that the
Ministry might be defeated on the Irish Coercion Bill,
before the final settlement of the corn question, had an
unfavourable effect on the market to-day, which was, on
the whole, decidedly dull. Prices, however, remain un-
altered both for goods and yarn.