The Sun.
London, England, 1866-02-05 00:00:00

PORT CARLISLE.

The half-yearly meeting was held on Friday at
Carlisle—the Rev. J. Heysham in the chair.
The report showed that there was a balance of
£425 available for dividend ; out of this the direc-
tors recommended the payment of a dividend of 245.
per cent. per annum, less income tax.

The dividend as recommended was agreed to, and
the proceedings terminated.

ATLANTIC AND GREAT WESTERN AND THE

PENNSYLVANIA.

The controversy between these and other Ameri-
can railway companies was resumed on Jan. 15, be-
fore Justice Read, in the Supreme Court. The great
object of the proceedings was for the purpose of
putting an end to an agreement made on the 10th
ult. between the Atlantic and Great Western Rail-
way Company on the one part, and the Philadelphia
and Reading Railroad Company on the other part,
also including other railroad companies, for a joint
working of the traffic from Drayton and other places
in the West to Philadelphia and New York. The
Court was addressed by Judge Church, Judge
Black, and the Hon. R. J. Walker on behalf of the
Atlantic and Great Western Company, in the course
of which it was urged that the agreements between
the Sunbury and Erie Railroad Company and Cata-
wissa Railroad Company stipulated that all disputes
between the companies parties to these agreements
should be decided by arbitration. On the 16th Mr.
Walker resumed his argument, and contended there
was no ground for granting an injunction to pre-
vent the agreement being carried out. The only
complaint of injury on the part of the Pennsylvania
Railroad Company resulted from an anticipated de-
flection of trade from its road to that of a rival which
was the subject of competition and could not be
complained of. He concluded by referring to the
line of steamships to be established in connexion
with the railroad enterprise, and said it had been
demonstrated that a line of steamers starting from
near Philadelphia, taking the southern passage to
Milford-haven would perform the distance in 22
hours less time than the present line from New York
to Liverpool. The clause in the agreement with
reference to the establishment of steamships was to
be carried out in good faith.
Mr. C. GIBBONS, on behalf of the Pennsylvania
Railroad and the Philadelphia and Erie Railroad
Companies, said that the great stuggle for the com-
merce of the West was not new. It commenced
more than 30 years ago. Philadelphia had been
beaten in the struggle, and New York had secured
the prize. They had been beaten from want of
union among the people of Philadelphia, and from
want of determination to secure the trade. The only
two great railroad companies in the commonwealth
of Pennsylvania were assailed in that court by those
railway speculators in London who had drawn to
their service the Philadelphia and Reading Railroad
Company. On the 17th he resumed his argument,
and contended that his clients had always endea-
voured to benefit Philadelphia. The lease of the
Catawissa, railroad to the Atlantic and Great Westcrn
worked very serious injury to the Philadelphia and
Erie Railroad Company—it transferred to an avowed
enemy what was granted to a friend. What they
asked was that this contract should be surrendered
to be cancelled. On the 18th he resumed, and
denied the existence of any power in the Cata-
wissa Company to assign the contract made with
the Sunbury and Erie Railroad, and contended there