The Sun.
London, England, 1846-08-31 00:00:00

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under Pray (,ur owl)

V. he en; tYti tc

I,.incie•ii feel:
of hjs

,rerotts

publii!, in perpetual amity Unitel3
" CopTodoee Connor will transmit t?.is dispatch
your Exec.limey to the Governor of Vera Crus, lure'
to
a flag of truce ; and- you are respectfully invtle"
adopt the same channel for nommunicatina your anovert
I aveil myself of the occasion to offer y, ur x;.
cellency the assurance of my most distinguished CO°l

ration.

The papers were, read and referred to the COw
. • " JAMES BUCIIANAN•P
mittee on Foreign Relations, which, on the following
day, reported two resolutioni—one expressing a at:
-sire for peace, ;1111 the other resolving that theFrel:
dent's desire•for .appropriation should be gratified.
After debate, Mr. Hannegan presented an fn° t
client, resolving that the Senate, with their present
information, declined giving any advice. Tht'e
solutions were de
theo s
bated and then referred back 1 t t
Committee on Foreign Relations, and on rle,
day—Thursday, the 6th instant—Mr. .11,1'lluffie
thepored the following resolutions:—
" solv,d, That the Senate entertain a str;;ng •
that the existing war with Mexico should be terniti,3",
by a t!eaty of peace, just and honourable to both nsiii)ni:
and that the President be advised to adopt all prope
measures for the attainment of that object. • • 1
"11,801ved further, That the Senate deem it advi'g
to 0.30
that Congress should appropriate a sum of woreY
able the President to conclude a treaty of peace' l'rnlbe •
and boundaries with the Republic of Mexico, awl t, fa
used by him in the event that such treaty should ea" 139
the expenditure of the money so appropriated, °r
part thereof."

1

THE INDEPENDENT TREASURY BILL; the
This great democratic measure, a favourite or
famed "Baltimore Convention," has pa&sed both 11 but
and been signed by the President. It is veil' 1"14rot,
fortunately I'am enabled to send you a brief all'"hier
which is certainly correct, as it was prepared hY thee
c!erk of the House of Repreientatives
ABSTRACT OF THE SUB TREASURY BILL•_, :tea
Section 1. Defines what is the Treasury of the LAI

States. -
nriesos
2. Makes Mints at POiladelphia and New '—
depositories ender
3. ms in New York and Boston, pr Fared 73
former Act, to be used undrr this Act.
4. Rooms, &c., at Charleston and St. Louis, mole'

5. Assistant treasurers to b app-inted.
6. Money to b.by pt all persons r 4.,vg•
without loaning, wing, depositin,4 in banlq. or t4c
lug for other funds, except as ail,,iteti b.) ;It. Aci•

7. Treasurers, &c., to give b aids.
8. New Bonds to be given mid required. ,
9. Collectors and receivers to vay over ol"e';',, r•
direction of the Secretary of the Treasury or Postre':: e
General, once in each week.
10. Secretary of the Trepeury mhy transfer wunel
from one deposirory to an. then f (10°' •
11. Agents to examine books and accounts ° Tres•
sitories, to be appointed by the Secretary „f the aiDg
sury, and to be allowed $6 per day and trill*
expen-es. examine
12. Naval officers, surveyors,• &c., also to ester or
books, &c., of assistant treasurers, &c., each qt ;.
oftener if the Secretary of the Tr,ahury think prop
13. Depositories to have clerks, c.Xe. •
14. Balance of present deposits &
be
transferred'
15. Marshals, district attorneys, &c., may make,. so'
m-nt to the tn.asurer of the United States Mints
sistant treteurer. • 0.,)
16. All e cl,arged with keeping. transfeerinr.
entr!t to
disbursing public m; net's, to keep an accura
sums received, and f each payment or transfer— cote
be converted to their own use, invested, loaned, u.;1,1-
Kiwi in any bank, or exchanged for other funds—
r
ties and of.
17. Rooms to be procured where there are twee; goki
18. Oa the Ist January, 1847, and thereatle" ),
and silver only to be received. a ors°
19. On the Ist of April, 1847, gold and 91
Treasury notes only to ke paid out. o.j
20. No funds to be exchanged except for O'he rad
silver—when gold and silver is furnished, it shells 0;6
out—when in drafts they must be presented at ,e naof
of payment and properly paid, and payments to caig
in motley received for such drafte, noess in
an exchange can be made for gold and silver 10 r
Penalty. . eedl
21. The Secretary of the Treasury to enforce '5:40
presentation and payment of drafts at the Pleeetotiog
payable, and to prevent them from being a crust
medium. If officers sell for a premium, they
count to Treasury. goa
22. Regulates salaries of assistant treasurers,
provides they shall not charge fees. Ofer
23. Appropriates 5,000 doll. for repairs 0-f 2
suries, &c.
24. Repeals all laws- repugnant to this.

COMMERCIAL INTELLIGENCE'
(From the New York Morning Expresq
NEW YORK. AUGUST 1u,,,95
Since the sailing of the last packet C,,Dgress " tiO
wit
h0"01.,10.
journecl, and business once more is done
drawbacks caused by a continual agitation in CA„rl pre;
All the great measures of 'he season were Pess,„,- joa_e"
lim; to the sluing of Cue last packet, and the It',
cf the prrc.-!edings of Congress arc of little i"-e
6(
the other side of the Atlantic. opt is
Thc 111- Vinil4tlCs3 41, •.„*., a glee
2,000.000 d liars " to. buy a peace" with- lltlexiol cco'
with general approval. While this is approve"' Pte'
n3endation is not withheld from the course of thee, to
sident, in proposing, through Commodore Conl)fo.seg
open a negotlition for peace—maintaining and re sot'
to surrender. our hostile position—thus pioving t'), or
ico, that while at all times willing to make an 11' ntinito
able peace, it is not becau,e we are unable to On
the resort to arms. r aleris
The diminished means of the Treasury d"Pe-toce
is not with,,tit it, effect in producing a desire 11: A,
on part of the Administration, which neo finds t
self in a rather diffiif c t Our ready outit iS
diminished to 11,000,000 dols., while our ",;(,'ol6l
17,000,000 dols.; our Tre4sury •atingdebi 468.07;, or
and an emission of 10.000.000 dols. more of IV"-he
dered. The expenses of the war are large, an"
propriations are not less than 50,000.00041°15' Iv 09
-
will not cover the bulk of our expenses previ"u9i,t‘l eaoe;
meeting Com!ress, three and a-half month& 00'
The Treasury department is already sufferin= col_:
o' means and two months ago, as we now disel'!e,,„l.. theft
menced the issue of notes or draughts, thtt -06 re.
size enter into circulation, and from their
the
mittanees will keep out a long time, and thus 1141- 'e
Treasury of itspressing wants. int°
It has been depcided that the Warehouse BO g: eis,rtsl
operation at once, and, as a matter of course, n1;;:at
tions made now can he stored and take the beTroilil
the low rate of duties. The Government has As'.
secured buildings for this purpose, and many g°V,si 13'2
taken the hew-fir of this 1111. The operation of aoy
will be of great benefit to the foreign manufacturer.:r,
the passage of the Bill,
,in connexion with thera'As'
drawal of the protectio.i before given to our home War,
facturers, is to be regretted. The passage of the d
house Act would, of itself, have largely increase 0 to
imports, and under the low duties will stimulate tkbet for
an unhealthy de.'ree, not only fir the country. 1
the makers of a similar kind of goods here, 0508 E
In relation to the cott.in crop. we refer to our
trade circulars, which will give all the details that'
interest. 00
The wheat harvest of the south is about 'at an (41.01

(01/
well as the harvest of this state. The wheat
abundant, and the coarser grain not yet harvcs!e",',A
raises an suneunt of crop that wilt enable us to
any demand for England at a low price. The Pr'n-eiee
flour now rules very low in the market, the best Ge'rrer
selling at 4 doPars the barrel, and wheat at ft cy-
ponding rate.
COTTON CIRCULAR FOR THE STEA3O,;Sh
NEW YORK, FRIDAY', Rii"
(Liverpool Classification.)
se, 001,10
Uplands. Florida. Mobile.
Inferior ... 74 to —to -•-•
Ordinary ••• ... 71 to 74 7 2-3 ton 7i 8
Middling 71 to 74 74 to 7
7i r, Fi
Good Middling ... 7i to lh 71 to 8 9,
Middling Fair ... 84 to 81 81 to 81 81 9.#
Fair 84 to 81 84 to 84 0. In° 91
Ally Fair ... 81 to 84 84 to 9h 91 `"
G,,od Fair ... 84 to 9 94 to 91 94 t'l2i
Fiala ... none none
111631.00,
••• •••
•••
00
•••
••• Bile
•
Receipts at ports of the United States since Sept. 2,060,11"
1845
Receipts at ports of the United States at the same 2,409.16°
3
time last year
Receipts at ports of the United States at the 2;03.56-
time the year before
Exports from the -United States since Sept.
1845
ido
Exports from the United Start, at the saute time
2,0' t,
last year
•
Exports from the United States at the came time 1,601,'17
the year before
ExcnaNG FS. FREW lII'S' to
Pari5...........5 31- to 540 Liverpool ..........•• "to
London 1 074 tot 074 llavre ..........•• ••
REVIEW OF THE MARKET. r Lives
The steamer Cambria, wld.h sailed hence ,ed
pool on the Ist instant, CR., ri,tl out accounts off,'"votie
strong mark•A here, produced mainly by the un wild!
.a.We appearance of the corning crop. The advfalr9 „ale,
in my cireWar for that paelo-t, has been tellowed as,loll.leP
by a comparative pause in business, which btu'.
purcha.ers to buy on rather e,sier terms, as I'd% ~f
be said to have occasionally flu.tuated an eight- tiF,OO
cent. in their favour—not, however, more than thearuet'
difference bets een an afoive and an inactive rvt,,atPef,
Ti,e notice of the arrival at Boston .of the s ,07
~ith Liverpool dates to the 19th cliimo
pccoive 1 lire •by teleLeraph on Mondaw. 3d rust'l,,ojt
,iccounts weie not. of that satisfactory Or or
for by oui-rator,, gem- rally, as holders at LiverP,?_,. cur
polre3 distoo,ie,l to mipplv the market freely at tc:t tbe
r ne,v Iv on M. the 10th i".'_ ,;$
steamer Gri.a,`, Western arrived ith Livt•rpool
the 25th inst., which advices being less'flatteti"g: have
than th,,se by the previous steamer,
been chcched in -a' great &Eire., a. repe
wit hCi!'., their -uppli.-s except at the full caultool
..i„ ,
•
previously existing, and are small sellers, even
ra,tc.3. In fact, if cuttgla is nu better under the 11
the oporati.ii7e

Receipts since Ist instant
Exports
Taken by spinners
Taken on speculation .
Stock in city ...
Amount on sale ...

the
ses,
but
set,
bier

wive
er 0r
r•

,
r 06

RP".
enol"

aid
aid
lac'
cas'

.°
,pd, if
roP •
'4l Plc,
'6OPP,if
Otto
etr,
;or'

RV>
;

1006°
05,66°
;04,915

0610
;17if
4(1.
to .
.to r

----3/40'ssesees_...eesaessemeeeessoLeseseese
Titer
itaccounts hive
eons.certainly is ie. worse, and these
quently had Ds influence on our market. and it has
.o,lltinued throughout the week jut brought to a close,
',;!e that of the preceding one, in a very inactive state.
Ina sales for the week encline. the Bth inst. were 5,000
`Dal,• since to this date, 4,000 bales, with firmer
th iii eosket yesterday at my quotations, which are smiler to
my last circular.
appproac
'marks-Ils of ?c.urse, too early to indulge in al, lout general
7niteit,Tegard to the.prosp-ct of the crop /low
maturity. It is certainly in a precarious
,?siton, and it is barely possible that it can equal that
ti.tl,tl.lo last season, while the probabilities now are, that
elilbo considerably less, even with a later frost than
',.ft-e had for ten years.
rat el' hsrige has been in rather better request, and the
e, es the quotati have slightly improved. Freights are also firmer
ons.
THOS. J. STEWART, Cotton Broker.
-`
14 of the FRENCH REGICIDE.
1:111T OF PEERS.—PARIS. WEDNESDAY.
0' (Continued from The Sun of Saturday.)
gij the Court resuming, the Procureur-General re-
' was again followed by M. Baroche.
myth. President then asked the prisoner whether he had
tng farther to add to.his defence?
clefs" Prisoner, slowly rising, said:—" I only wish to
to rend myself against the reproaches of misconduct, and
thewinalic en the circumstances which drove me to
oelt,Tr• With regard to my having a mistress, I can
44; say that I had no other mother to give my chil-
-1 sail was a mother to them, and a support to me.
tenzided witnesses to this point, but not being emus-
Whata court of justice, they . did not say a word.
toove °aid about the slugs was imaginary.—(General.
myself and murmurs of astonishment.) I ccupied
leerl.ttalw,itilw that before the Procureur-General. That
erhtled gentleman told me, when in prison, ' I have seen
for who pretended to dare death, in the end ask
the:a."4---I shall see you do the same.' You wish me,
pl,eciureto_do the like. Never! You said (addressing the
mcht ur-General) that you might be useful to me,
Ire spatted ,°teet me. I told you that I believed you, that
beesyou. Did you believe me?" (The prisoner
Osernsed, as if to wait for the reply of the Procureur-
ral.)
ensu e p
rocureur- General—Prisoner, what you have just
I told geS The to make an observation. It is true that
ther,,,,Y,", that, beyond the rigorous forms of justice,
you be other means of fixing your fate. I told
atiti the eft
in spite of my official duties, when once those
mh:..3 Were accomplished, you might one day have my
Ti That is what I said.
hayed Ilrisoter—" Certainly, and I replied that I be-
bals a°u• You see that Ido not act like those eritni-
tak ill the end, ask for pardon. It was wished to
b the Me out a madman, and to make me take showers
Wouisti I told you that I did not think that new laws
to ue Made for me, but that one day perhaps, thanks
TliisJi act, the punishment of death would be abolished.
net of Why I considered that what I had done was an
tele...'?urage and heroism.—(Murmurs.) I said to my-
Still 'lva. 4! will make them reflect. I desired to die, and
41)b. "ti to die." (The prisoner, in uttering the'last
ii;e:e raised his voice to a very loud tone.)
Prison suggested that it wowed be useful to press
.the
„. ",' r an explanation of his declaration that he clad
eJu~
rui_itowere
On tne slus
this hAeg put es a question, Henri said, " These.
imagined by me to save the consciences of
tent' and induce them to find ma guilty.—(Diffe-
of leen'teianietions.) I told you that there were slugs
tees" 4... imagined— that is to say, invented by
sorter (Numerous voices, "Ah ! ah !") The prt-
hl had seated himself', got up again mad said,
%ye exPlained to you also that for six years I
tle,rit„eeu a Prisoner in my own house, without au-
throw.Y.e Without a will. It is Caroline Bacquet who has
stnntl me into these revolutions, which. make me con-
esooegi tremble. She is the cause of all. I wanted
and / ,te save me, but she prevented their being given,
I,,"'Y received' the money by small portions. I never
esfaciet money to work woli profit."
iti,%;'it_President—Do you persist in saying that you have
not cite d the slugs? e (Several Peers—No! no! That is
II- quest'
e
itsa Quetu—We understood him to say that he had
pled the slugs.
feet:_e_,resident—Do you mean to say that you menu-
l'eu the
1184 put ,slugs, or that you imagined to say that you
teincle,li Slugs into the pistols? The Prisoner—l in-
-4%0d to
say, in order that the consciences of my judges
Bar out of doubt, that there was danger.
dander,
cche---That it was believed that there was
p
POnish •
'lsmer—That is it ; now apply the capital
044)inent if you will ; I shall not be guilty.—(Move-
k.
Ivhsth wish the prisoner to he asked. to say
to Prisoner
Yes or no, there were slugs in the pistols.ao
othePriSOber (after a little hesitation)—l can give you
thee setrtienswer than what I have already given. (He
~ A ate "ii, and let his head fall on his hand.)
ess-,°eati,g.df gree of agitation was manifest throughout
p UIY•
e reside t
1 d n sitting
This now closed. The Court
11:tierate.
It .-:01.1rt five' adjourned at six o'clock.
it, b "',lll ole„ .
'erdie se, again to-morrow (Thursday) to consider

it WO
tit 41;'„11; aerstand that an M.P. lately elected for one of
ightll.l.i'„rl,B of this county, has been making a tour through
rife! e1',..„4°. The professed object of his visit was to thank
% b 'ors who favoured h,m with their votes and inte-
-111-%1 to we suspect tbat the motive wnich really prompte.d
elippo pet such an act of gratitude was to secure their
tliN 11 at a general election, which he kindly informed
td;„ Would probably take place "very shortly." Before
4:4-eV leave o! Ipeni hen.. favoured
or annwieuge h
or
e
10,k, them (eu.
_w w
Itti he is the possessor) a little wise counsel. One thin
fr'ieh he recommended, was to have "no dealings with
13',e.e•traders," to which a friend who accompanied him added,
war of stimulant, "and we'll let 'em know they can't do
i4llO So • must expect to lhar the protectionist
4tlnerrut not only ice
he visits the tradesmen's shops to
the e his necessary supplies of groceries, &c., but also in
nurket, ere he offers his corn for sale, a-king those. with
v„ (411 he is about to deal, the momentous. qu stinn, •‘ Are
143-I_ll free-trader?" or "Are you. a rotectionist ?" To be con-
the'lltv however, he must go still further. He must see that
atiJersons to whom 1:e bells his produce have no dealings
free traders, so that hi- corn may not get into the
' of ally of this darzerous class of men; and if this
t,e, "I be acted upon, where will the farmer find his cus-
t4iers? The gentleman who gave such auvice will find
trader,
_protectionist also cannot live without the free-
Ft; ZTutt;nqhani Review. .
'Ku) 114 LATE Silt C. WETHERELL —A friend of ours,
Sir'aPPened to be serving his articles with an eminent
e'„(11. in London, was instructed by his principal to call.on
volv_u.arlts with a document, setting forth a case which in•
liletitetle.ia vast sum of money. Sir Charles's opinion was rf-
Valarieu• Our friend, then quite a youth, called. Sir
)'()lies Was busy. He informed the officials to request the
teit.,- gentleman to call to-morrow. He did so ; and tit he the same notice. The case was one of great urgency;
?herb document was marked a notice to that effect. Si
'l4l th "waver was, or appeared to be, alw ,ys engaged
"waver
visit of our young friend was repeated
th dall3' with ill • six weeks. At length
t tied, ? same no-result during
„.!,11tvised him to step in and take Sir Charles. by
a.4l)4ttnip 'arged to desperation he did so. He rushed intq the
-:piitaznt, and there was Sir Charles enjoying otium sine
(4 the &sated at the fire, with a foot resting oc eac
u.
114,1,_ grate, and in a state of grevious dilapidation and u
Nei7e,thibiting altogether a most ridiculous spectal cle.
ssid labt is the matter ?" said Sir Charles. " I haxr, caiLedu,w"
hve Young clerk, " daily for six weeks." I
4,'4leret,,-,e," said the lawyer, and with an expression so in-
so • r oung friend, overcome by
law uoie Comical that ou
Neetlatio,°‘'teenre, burst fairly out into. ashout of uncontrol-
Sir C. Wetherell did the same. The effect
*2111114W, electrical, and irresistible. Our young friend,
Llitii-ile°4ldCommsua d breath, apologised fir his rudeness,
if!C'mat really he could not help it. "Neither could I,"
harles "but in the meantime I am really busy,
1,7°t1 will Call to-morrow I will examine the papers.
14tirsralld bad learned wisdom from experience. He
• tor Charles that unless the papers were examined
• knit would never be. " I believe you are right, said
t; He then seized the document ; and in
after
• °1 an hour he wrote down an opinion which after-
"gee -,, ~'"'"Q the test of a protracted suit in Chancery.—Cam-
. kir:aneertiser
61/4114eTloWtkt ADVENTURE.—A romantic young lady,. re-
nt l the
.11.1,..Q0 miles from Bourn, contrived a few days since,
absence of mind, to make more
141114 of of a little l ncies, and enjoy a greater
to ,(111t of eso, railway indu ge
locomotion on one days fare, than commonly falls
.4 but te
~ narrate. With fa.o luggage. (ladies, hear this!)
I,lt the tittle more of the arritainfat amalorum than was
our heroine left
,4,,erbo,,4lleedful " for " the day, ticket,
4'4
and in due thne arrived in London,
, inwhßeree ices,ent_
P"it,t quitenew from Madame T— g
;ttettfietll'Atr_lntiletoe.xliaust the small resources of the purse;
4(41)0ua ticket" is all right, "I shall get comfortably to
Lg 9 to a late withh train leaves Euston-qpia.re,
t.mits,l aerome, charmed the day, compos herself with
Zd a first-class for Peterborough. Oil they go, and
Pp4,-Ives--the train, too, arrives at --- station. "Is
iris true. trf;'e.ll3orOUgh ?"." his s RugbY,meam I" Alas I twas
Zit 1;1 The virtuous hero of the navel was about to cona-
t'll' iiegig when the train divided at Wolverton, and
t-ht 14°4 heroine was at Rugby Here, from the state
fI tdetehequer she was obliged to repose on a sofa in
nard waiting-room' till morn. With promises from the
::111 Isat she should really be conveyed to Peterborough
110"t,woeltriland that " the day ticket" should still be the paw-
-1,. 'el eh eroine starts once more, and now in place of her
tneets with a most agreeable gentleman
real hero who soon becomes far more interesting
17aell:eer-e4tilionthe
rmartYr at Wolverton the preceding day.
, so does the train, till, during a
trte;'eeaused ppengiransessesby the introduction of some vulgar
t
near hosed
into the carriage, the lady "fears theyh
tbkart Ntdeatmerbo,, rough by this time." "Peterboroug !.. My
, 1 am afraid you have made a mistake," said her
"vgr' companion, and in the fulness of his heart and
solobien.• information, tells her. that she is at Watford
ibuth ,„ e eighteen or twenty miles from
.London again
t:
dthe nes!, and serious misgivings aros as
rheetticaligo,i4
and
d-tlrviietdh of the " day tickets" but
virtuesonemo reeffosrtti
IPleitveersb
tourotnegl
ihthi
the
1• 4tgle.-st 41neoinzil,'Il safety, and our heroine
to\irtlycLlNTOßK.lr mrVilock, barrister, left the Crown
rtn'titealt-f,73rtedraY, m—or.ninrg. ato a quarter-past ten o'closk, went
tb, '1 by railway, attended. the Salford sessions, de-
town(Staraner, and was again,. at two.rou'cmilock, performing
Court of this
ifoarre a prisoner in the C
/ me 0„,-.°°
tZ4IIIII, at-We* of FreiudraYy. night announces that Adjutant
tt at, °,.se tante was so conspicuous in connexion with
arged Intortunate proceedings at Hounslow, has vex
4• 14)), an Z 1 the 7th Hussars into the 3d Light Dragoons..
,t,tAt. Urn ELBoURNE.—This distinguished nobleman is
..seat, re, and has been for the last ten days, residing
Vildse 1:71?1) Close House, in Derbyshire. His Lordship
q,l iv
te ItY• 1-1 service at the parish church, Greasely, on
tiott to
_looked extremely well ip the face but
aw_alwae.
Sod ttta a 3 iirli,vtiQry lame. His Lordshihas beeni. on
numerousll
4tr, att be. expected, received. by
tiv_BDect .c. n‘elghbourhood with .a dereenosf attention
to h7t,l_ ll.Lannot tail of being in the highest degree
tSelittp:te
all,t.eon,riteent7--Doncaster Gazette.
tessellated
nowllated and
removed,
trellittilvGalEcxcThhanege
411tON14111bpar°1:1:.that formed- the pavement cf. the Exchange
ul 1638 having Into substituted.

LONDON AND SOUTH-WESTERN

RAILWAY.

The 24th half yearlYeWeritiMeetlng of the proprie-
tors of this railway was held on Saturday at the offices
of the company, Nine Elms, Vauxhall. The meeting
was also made special for the purpose of con-
sidering and determining upon the expediency of pur-
chasing the Richmond Railway and the works cmnected
therewith, authorised by the Richmond Railway Act,
1845, and also the Guildford Extension and Portsmouth
and Fareham Railways, and the works connected there-
with, authorised by the Guildford Extension and
Portsmouth and Fareham Railway Act, 1846 ; and if
such pnrchases, or either of them, should be deemed ex-
pedient, then to proceed to consider and determine the
terms and conditions upon which each of the said pur-
chases, or such of them as shonld be approved, ought to
be carried into effect, and to make all due and proper
provisions accordingly ; and also to consider and deter-
mine on the means of providing the amount of shares,
stock or money, which it might be necessary to provide,
for the purpose of completing the said purchases or either
of them.
The chair was taken at one o'clock by W. J. Chaplin,
Eq., the chairman of the Committee. The attendance
of shareholders and directors was very numerous.
The Secretary (P. L. Campbell, Esq.) having read the I
advertisement convening the meet ing,;nnd the minutes of
the last meeting having been confirmed,
The SECRETARY. at the request of the Chairman, pro-
ceeded to read the report, of which the following is an
extract :
"In submitting the usual half-yearly accounts, the
directors have the satisfaction of informing the share-
holders, that although important reductions were made
in thecharges for.passengers and goods, and without the
opening of any additional lines of railway, the receipts
of the six months present an increase over those of the
corresponding period in last year of ... £11,017 3 9

Towards this suns the passenger traffic
bas contributed
44 " Goods traffic ... 3,381 6 6

11,017 3 9

The gross income of the six months
amounts to
The gross expenses (including inte-
rest on borrowed capital) amount to 95,209 18 1

Showing a balance of £87,089 5 4

" This balance of 87,0891.55. 4d. is divisible among the
shareholders, and the directors recommend the payment
therefrom of a dividend, subject to income-tax, of
IL 17s. 6d. per share, which will leave a surplus of
1,004/. ss. 4d. applicable to the services of the current
hall'-year.
" The dividend warrants will be issued on Monday the
31st instant, in order that the proprietors may not suffer
inconvenience from the delay, which has from unavoid-
able causes taken place, in calling them together at this
51,8 son.
"The proprietors will observe that an unusuallyincreased
amount of accommodation has been afforded to the
public,. whilst the rates of carriage have been so much
reduced, that the COmpany's gross receipts show com-
paratively little growth ; and, although there has been
an absolute increase, there has been a relative diminu-
tion of the working expenses. The directors do not an-
ticipate any difference of opinion at the present day with
reference to the policy of widening the base of your
business, and increasing the public convenience to the
utmost verge which regard' for your interests will allow;
but these results have not failed to convince your direc-
tors of the necessity for a cautious pursuit of this policy.
" With reference to the progress of works executing by
the Company under powers obtained previous to the
session of 1846, the directors regret that the completion
of the Bishopstoke and Salisbury branch has been de-
layed beyond the period which they had expected ; the
obstructions of the landowners have, however, been in
several important instances, unusually great, and the
contractors have been delayed by the difficultythey have
experienced in obtaining any sufficient or steady supply
of labour. The directors are, however, sanguine that
this branch will be opened for traffic during the month
of October next.
" As regards the extension from Nine Elms to Water-
loo-bridge, the directors have to report that the works,
having been submitted to tender, have been contracted
for by responsible parties on satisfactory terms. and that
the contractors are now proceeding rapidly. In exer-
cising the powers confided to the Company for possess-
ieg themselves of the properties requisite for this un-
dertaking, the directors have been most anxious to pro-
ceed with a due regard for the many and varied inte-
rests affected ; they have, therefore, anxiously and pa-
tiently considered all the claims made upon them, and if
their forLwarance has partially delayed the prosecution of
the work, it is gratifying to state that they have hitherto
avoided all litigation.—(Applause.)
" The directors have also taken steps for enlarging
the Company's wharf and warehouse accommodation
next the Thames, in connexion with She present Nine
Elms Station, so that greatly increased facilities for the
transaction of the goods' business will be presently at
the service of the Company at a comparatively small
cost. _ _ _

" The works of the Southampton and Dorchester
Railway are in a favourable state of progress : the diffi•
cultiei raised by the Commissioners of Woods and
Forests as respects the forming of the line through the
New Forest have been removed, and your directors are
led to hope that the entire line will be opened early in
the next summer.—(Applause.)
The Richmond Railway was opened in the month of
July last, and by an agreement between the two com-
panies, is worked by this Company. Much negotiation
bus take. plaice between thit. two boards of direotion,
with a view to the purchase of the Richmond line and
works ; and, subject to the confirmation of this Tilt etieg„
a provisional agreement has been entered into, and con-
cluded on terms less beneficial .than your directors had
hoped at an earlier period ; they recommend it, however,
to your adoption, not doubting that full development of
the traffic of the Richmond line will justify the higher
terms consented to.

The next subiect c Ting for observation is the result
of the late session of Parliament, ank in submitting it
to your consideration, your directors have to report that
th. y have becn successful in obtaining all the most itn•
portant Acts which were promoted directly by this Com-
Fatly, viz.:—
" 1. An Act for generally amending the Company's
powers.
" 2. For an extension to London-bridge.
" 3. Fvr a branch to Hampton Court.
" 4. For a branch to Cherts,y and Egham.
" 5. For a branch to Farnhatn and Alton.

" 6. For an extension from Basingstoke to Salisbury ;
whilst they have to regret the failure of the Wimbledon
and Epsom branch, and the Rumsey and Redbridge
Junction Bills. _

" The directors have lost no time in acting on the
powers they have thus obtained, and, except as regards
the London-bridge Extension, the engineers have al-
ready set out the several lines upon the ground, and the
plans and specifications will be, at no distant day, ready
for contract.

" The Act for sanctioning the extension to London-
bridge has passed so very recently, that the directors
cannot in this case report similar progress ; neither can
they omit to congratulate the proprietors on their suc-
cess in this application.—(Hear, hear.) The Bill had
to encounter far more than ordinary difficulties. To re-
concile or resist successfully, under any circumstances,
the vast number and amount of interests connected with
the properties on this line, must have been a work of di-
fficulty ; and to these was added the long and patient
examination of the Royal Commission on the Metropo
litan railways, besides the usual ordeals of a committee
in each House of Parliament. Your directors believe
that this extension is the only one, out of many similar
schemes, which 'has survived the scrutiny to which all
were subjected ; and they cannot overrate the importance
they attach to the powers which have been thus acquired
of connecting your undertaking with the very centre—
the commercial heart—of the metropolis.—(Cheers.)

Thus far successful, as regards the Bills directly
promoted by this Company, it is with much regret that
your directors find themselves unable to report results
of a like character as to those measures. which they
promoted in alliance with others.
" In the Portsmouth district, Parliament has seen fit
to sanction the atmospheric line, and to reject all the
proposed line by Chichester, except the small portions
between Guildford and Godalming and between Ports-
mouth and Fareltam. It would be in vain to repeat,
that the line which has been thus sanctioned is very far
inferior to that which has been rejected in every point
of comparison which ought to govern decisions upon
such questions: were it not in justification of the past
proceedings of your directors, and of those which they
will recommend for your future adoption, necessary to
bear in mind that the Chichester line had better
gradients—lighter works—more local accommodation
and less railway to construct—and that it established
shorter communications between London and every town
which either line proposed to accommodate. Your
directors have cause to believe that a line between
Godalming and Chichester, when again presented to
Parliament, will, with certain modifications, not mate-
rially impairing the line of last session, meet with the
approval of the great landowners who joined in the late
opposition.— (Cheers.) They have, therefore, directed
their attention carefully to this subject, and will shortly
be prepared with definitive recommendations upon it.
" As respects the portions of line which the Guildford
Extension and Portsmouth and Farehain Company ob-
tained powers to construct, your directors have to report
that they have, under the powers of the Act incorporating
that company, entered into a provisional contract with
the directors for the purchase of their undertaking. on
the terms of this Company bearing the entire expenses
of the Guildford Extension Cotnisny (past and future),
and repaying their shareholders the full amount of their
deposits, with a small premium to cover interest thereon.
This purchase your directors recommend you to sanction.
and they have the satisfaction of adding, that at their
request, the Guildford Extension Board had immediately
on the passing of their Act directed the works to be set
out, and that the plans and specifications are already
prepared for contract.
" West of Exeter, the Central Cornwall and Devon
scheme was unfortunately withdrawn from the con-
sideration of Parliament by its non-compliance with the
standing orders, as were also large portions of the lines
projected by the broad gauge interests for North Devon.
The Great Western Company, and their allies have
carried their project for connecting Plymouth and Fal-
mouth, and the West Cornwall Railway, but these
measures were not sanctioned without reservations in
favour of the central communication proposed by the
Central Cornwall and Devon Company, if the same
should be hereafter sanctioned by Parliament. By these
reservations the propriety of extending the narrow
gauge system to Falmouth and the Land's End, appears
to your directors to be fully recognised.—(Cheers.)
was allied with the
" East of Exeter, this company

London, Salisbury, and Yeovil Company, as respects
the country between Basingstoke and Yeovil, and with
the Exeter, Yeovil. and Dorchester Company, as respects
the line between Yeovil and Exeter. Against these
measures the Great Western proposed an extension of
their Berks and Hants line from Hungerford to West-
bury, and a line called the Exeter Great Western Rail-
way, between Yeovil and Exeter. The former was re.
jected for non-compliance with the standing orders of
the House of Commons; the latter being referred to the
same Committee with the London, Salisbury and
Yeovil, and Exeter, Yeovil and Dorchester was,
after a most protracted and careful inquiry, rejected on
the merits, whilst the Bills in this Company's interest
were unanimously passed.—(Applause,) In the House
of Lords the successful Bills were referred to a Com
mittee, and this tribunal ultimately came to a decision
unfavourable to them, at the same time avowing by a
distinct resolution, that their objections were founded
on the details of the measures then before them, and that
a line of railway from Salisbury by Yeovil to Exeter
was desirable. Your directors therefore regard
these lines as merely postponed, and they have
lost no time in directing Mr. Locke carefully to re-ex-
amine the district in question, with a view to the removal
of every objectionable portion of the schemes, end ren-
dering them as perfect as possible, including within their
scope the most direct practicable route to Plymouth and
other parts of Devonshire.
"It cannot be a matter of surprise to you, that the
directors are unable now to report fully on the measures
which they will recommend you to adopt or aid in the
next session of Parliament, as regards these districts.
Their attention,' and that of their engineer, has been
given unremittingly•to the subject, but, unable to propose
to you the schemes in a matured and well-digested shape,
they prefer the postponement of any further report upon
the subject, merely adding at present, that they have no
hesitation in recommending you to support renewed ap-
plications for lines to embrace all the material objects of
the Bills of the last session.—(Applause.)
"In addition to the undertakings of the last session,
your directors have also under their careful consideration
measures for extending railway accommodation to a con-
siderable space of country west of Richmond, interu:e-
diate between the Great Western and South-Western
lines—(Cheers)—believing that the population and trede
of those localities will gain far greater convenience by a
connexion with this railway, and particularly with its
London stations, than can be otherwise secured to them.

" The junction of this railway with the lines centering
at Oxford in conformity with the views of the Govern-
ment, continues to engage the consideration of your
directors ; and their attention has also been invited to
the construction of some important branches from the
Southampton and Dorchester Railway, on which your
•directors will communicate to you a mature judgment at
no distant peri3d.
" The proprietors would probably desire some intima-
tion of the views of the directors, as to the manner in
which they deem it advisable to raise the capital neccs-
sari for the lines which it has been intimated will be
applied for next session ; but in the present unsettled
state of these questions, and considering the numerous
interests which have to be consulted, the directors deem
it their duty to postpone any announcement of the course
which may, at the present moment, appear to be most
desirable. It will be their duty, as early as they feel
the service of the Company requires it, again to call
the proprietors together ; and they purpose, on that
occasion, to lay before them not only their recommenda-
tions as to the particular schemes which shall be pro-
secuted, but also the manner (as regards capital and
otherwise) in which they think the proceedings ought to
be taken.

" Your directors also think it right again strongly to
recommend the project of establishing a steam-packet
company in connexion with the railway, to the notice of
proprietors."—(Loud applause.)
" From the capital account of the Company laid befire
the meeting, it appeared that the
Amount expended up to 31st Decem-
ber, 1845, as per last report had. been £2,623,006 1 5
That there had been since paid from
Ist Januacy to 30th June, 1846 :
For stations £1,660 0 0

For land and compensa-
tion
For construction of way

167 16 111

and works ..
For ditto, balance ac-
count of Gosport line 5,671 11 8
For land surveying and

valuing,.

411 9 9

11,577 11 5i

£2,634,583 12 101

The receipts of the Company bad been
as follows for new lines :
For&posits on Eighths.£32,2Bs 5 0
For second callon ditto 32,195 0 0
For third ditto 42,692 0 0
For fourth ditto 42,346 0 0
For fifth ditto
For sixth ditto
For deposit on new
shares
For second call on new
50/. sham—.
For second call on new
401. skares 18,940 0 0
For third call on new
501. shares 199,685 0 0
For third call on new
40/. shares 18,256 0 0
For fourth call on new
501. shares 173,850 0 0
For fourth call on new
401. shares 16.528 0 0
For deb,n tura bond.... 52,000 0 0
- - - - 999,172 5 0

Payments had been made as follows,
tor the undermentioned lines :
Epsom Line ....
Metropolitan Exten 85,217 16 9
Guildford Line
Guildford, Chichester,
Portsmouth, and
Fa:ehatn .
Chichester and Ports-
mouth
Southampton and
Dorchester 242,099 4 7
Cornwall Central and
Devon,Old Company 3,000 0 0
Ditto, New Company 78,750 0 0
Bishopstoke and Salis-
bury branch
Exeter, Yeovil, and
DorchesterCornpany 17,875 0 0
London, Salisbury, and
Yeovil Company
For Rails and Chairs 27,544 17 7
Printing,Stationary,Sce 3,514 5 9
Surveying and Engi-
neering
Law Expenses
Carriages
Engines 15,115 6 3
Interest on New Shares 4,311 15 11
Debenture bond stamps 60 0 0

£831,959 10 8

Leaving a balance of £167,212 14 4

The report having been read,
The CHAIRMAN rose and said that he was glad to
meet the proprietors on this occasion.- The vicissitudes
through which they had just passed were of no ordi-
nary char-aster. They had been compelled to await the
result of Parliamentary Commissions, Select Commit-
tees, Mr. Morrison's Committee, and Government Com-
mittees on the terwini,as well as a variety of other proceed-
ings arieingout of the sessional orders for the better control
and management of railways. But, he believed, after alt
they found things in the same condition as they had
at the close of last session. There certainly was the
shadow of something coming in the form of a Govern-
ment board, but at present, he believed, nothing was
definite. The proprietors must, no doubt, have a pretty
good conception of the painful position in which their
directors had been kept during the session that had just
ciosed. If, however, the report which was that day
presented to them met their approbation, and he trusted
that it would, the directors would cheerfully continue in
their labours on behalf of the company.—(Applause.)
There were one or two items of expenditure in
the account just read by the secretary that
might - require some explanations he alluded
to the sum of 2,794/., which had been expended for re-
pairing and altering the 'stations, and the item of 2,3511.
in new works, according to contract. There was also
the sum of 2,139/. for printing and stutionane, which in-
cluded tickets. With regard to the la't-named item it
might seem rather heavy unless some explanation were
given. The increase in the item for printing, &e., then,
arose from the change which had been adopted in the
ticket system, amid the whole machinery, and the charges
for repairs, and the improvements of the stations, &c.,
was owing to the increased business of the Company as
regarded Leah passeegers and merchandise at all the
stations. Nowthstanaing the defeats which they had
sustained during the late session, he might at all events
congratulate the proprietors on the Bills which they had
succeeded in obtaining. The first to which he would
direct their attention was the London-bridge Extension
Bill.—(Applause.) lle coneeived that every one of the
proprietors must at once ace the benefits which that
measure was calculated to confer on this Company.—
(Hear.) Indeed it would be impossible for him to dc,ati
all the advantages of such en extensien. The metropo-
loan trade must be in an ex raordinery mann. r ieflu-
eeced by it. and if ever there was a doubt as to the pu-
lley of spoialit4n money for tie i.urpose extete:lieg
line from Nine Elms to Waterloo bei,lge, and agldn
f,-orn Waterloo bridge to London- in idge, suer:
doubt he thought must now be c‘upletely removed by
the mile tretion affenNal by the opening of the Richmond
Railway.—(Applau.,e.) The directors of this Company
had, as the proprietors were aware, tried to purchase that
railway, the prolxieto;.s .of which were desirous of sealing
it to them, and it might therefore be supposed that the
matter would be considered in a fair, open manner. But
such was the imeortance of all these extensions and
routes to the metropolis, ti.a those gentlenc4i, feeling
strongly the impttance of their line, would not be can-
tent, unless paid a greater amour'', of money than they-
had originally asked, When he wisured the meetink
that the traffic on that railway had reached to 60,90 pas-
sengers in four weeks—(Loud applause)—which was
half the number of passengers that had passed on the en-
tire line of this Company, extending over 99 miles, ex-
clusive of Richmond—they would be able to judge that
the influence occaskned by the extension to Waterloo-
bridge toust be exceedingl:, great, inesinuch as it woulti
have the effect of doubling the value of the property.—
(Hear, hear.) And as th..y had now obtained 13iH t`,::,
iiranclics to Hampton Court, Alton, F.,rnham and
places, all the vicinity of the metropolis, he trustee
' that at the end of three years they would be able to re