The Sun.
London, England, 1857-02-06 00:00:00

LONL/;,;N, IDAY EVENING, FEBR UARY 6, 1857.

PUBLICATIONS

MR. MUSORAVF.'S NEW WORE.
Just ready, in '2 vols., with illustrations, 21s , hound,
APILGRIMAGE INTO DAUPHINE.
By the Rev. G.M. M USG R A VE, A.M., Oxon,
Author of "A Ramble through Norio :Indy," Sze.
Hurst and Blackett, publishers, successors to Henry Colbarn, 13:
Great Marlborough-street.

A NEW SATIRICAL NOVEL BY THE AUTHOR OF 64 THE
GOVERNING CLASSES."
Just Ready,
FRIENDS of BOHEMIA; or, Phases of London
Life. In Two Volumes.
London: Smith, Elder, and Co., 65, Cornhill.

NEW WORK BY SIR GARDINER WILKINSON AND
MR. BIRCH.

-----
This day is published, crown Bvo., handsome cloth, price 7s. Gd.,
THE EGYPTIANS IN THE TIME IN
TIIF: PHARAOHS. Being a Companion to the Crystal Pa-
lace Egyptian Collections.
By Sir J. GARDINER WILKINSON.
To which is added AN INTRODUCTION TO THE STUDY OF
THE EGYPTIAN HIEROGLYPHS. By SAMUEL Biacn.
Published for the Crystal Palace Company by Bradbury and Evans,
11, Bouverie-street.

ANOTHER PALMER CASE.—Report of Mr.
Hibbert, Manchester, &c.—Read the HYOEI ST and MEDI-
CAL REFORMER for February. May be hat at the British Col-
lege of Health, New-road, London, price W., or 2d. by post, and of
all the Ilygelan Agents throughout the country. ,

GRR'S CIRCLE OF THE SCIENGES,
just completed, in Nine Volumes, contains separate Treatises
on Physiology, Ethnography, Botany, Zoology, Mathematical
Science, Geology, Astronomy, Mineralogy, Chemistry, and Mechani-
cal Philosophy, by Professors OWF.N, ANSTED, YOUNG, TEN-
NANT, and TWI 4DENT ; Drs. L ATHA M, SCOFFE UN, and SMITH;
the Rev WALTER MI TCHELL, M.A. ; and Messrs. JARDINE.
C.E., JOHN INIRAY, M.A.; HUGH BREEN, Greenwich Observa-
tory, W. S. DALLAS, F.L.S., and other Writers on Scientific sub-
jects. ss. 6d. per volume, cloth.
London : Houlstori and Wright ; and Wm. S. Orr and Co., Amen-
corner. Prospectuses on application.

AN ACT OF GRATITUDE.-5,000 Copies of
a Medical Boek for Gratuitous Circulation.--Mr. (4. THOAAS
having been effectually cured of a nervous debility, loss of memory,
and dimness of sight, resulting from the early errors of youth, by
following the instructions given in a Medical Work by a Ph) sician,
he considers it his duty, in gratitude to the author, and for the benefit
of nervous sufferers, to publish the means used. He will therefore
send free, to any allress, in a sealed envelope, on receipt of a direct-
ed envelope enclosing, two stamps, to pre-pay postage, a copy of the
medical work containing every information required. Address, Mr.
G. Thomas, St. Jelin's-lane, Newcastle-upon-Tyne.

Just published, price 2d., or post free 3d., the 102 d Edition of
THE NATURAL REGENERATOR of the
DIGESTIVE ORGANS, the STOMACH, LIVER, NERVES,
LUNGS, &c., without Medicine, Galvanism, Electricity, Inconve-
nience, and expense, by an easy, natural, pleasant, and infallible
remedy, which saves fifty times its cost in other means of cure.
Supported by testimonials from the celebrated Professor of Che-
mistry, Dr. Andrew Tire ; Dr. Shorland ; Dr. Ha vey; Dr. Camp-
bell; Dr. Gattiker ; Dr. Wurzer ; Dr. Ingram; Lord Stuart de
Decies ; the Dowager Countess of Castle-Stuart ; Major-Gen. Thomas
King, and many other respectable persons, whose health has been
restored by it, after all other means of cure had failed.
London Barry Du Barry and Co., 77, Regent-street.

LOCAL SHARE MARKETS.

LIVERPOOL, FEB. 5.

STOCK EXCIIANGE,—The market was quiet but steady
to-day, at the full prices of yesterday.—Lancashire and
Yorkshire, 9(4 ?—Lancashire and Preston, (1 shares, at
V. 14s. dis.), 201—Midland, 82:)—Dutch Rhenish 3s. Od. p.
Great Western of Canada (new shares) 2i p.

RAILWAY INT ELLIG ELV CE.

GREAT WEST ORN.

The directors of this company have determined to re-
commend to the proprietors the declaration of a dividend
for the f alf-year ending the 31st of December, .1850, at
the rate of 3 per cent, per annum, carrying forward a
Wince for the current half-year of about 17,0001.

OXFORD, WORCESTER, AND WOLVER

HAMPTON.

The half-yearly meeting of this company was held
yesterday at Worcester; Mr. W. Fenton in the chair.
The report and accounts, an abstract of which has ap-
peared in The Sun., were taken as read.
The CIIAMMAN said he believed he might now say
that they had laid the foyndation of the future perma-
nent prosperity of the company. The bills which they
had carried through Parliament put off for a considerable
time the completion of the broad gauge, which had hung
so long as a dead weight round their necks. Since their
la-it meeting the directors had 'spent much time- and
labour with a view to increase the traffic and diminish
the expenditure. They had also given considerable at-
tention to the question of finance, and had been enabled
to raise money on debentures at interest in no case ex-
ceeding 5 per cent. The capital account showed a total
sum to be raised of 4,150,8441., which appeared incon-
sistent with the hope held out in the report that tke
railway might be completed. for 4,000,0001. With re-
gard to the liabilities of the company, these were at the
commencement of the half-year 231,6321., but they had
been reduced at the end of .1856 to 110,8561. Among
these liabilities, he was happy to say, were the solicitors'
bills, !amounting to 16,000/: Messrs. Burchell and
Parson had displayed great forbearance, and they had
been enabled to discharge their heavy account by the
issue of the 4 debenture stock. They had also discharg-
ed their long standing debt to Mr. Fowler, the engi-
neer, whose claim was 9,0001., but through the inter-
vention of a friend Mr. }fowler had consented to accept
6,0001. in fu 1 discharge. They had also paid off
Mr. Williams, the former contractor for working the
line. Since the beginning of the present year
they had been enabled to reduce their liabilities from
110,8561. to 63,7001. (Hear.) The cost of coals, etc.,
in the last six months had been 6,8221., while in the pre-
vious five months the-cost had been 7,214/. In the last
half-year the traffic was much greater than in the one
preceding. If they extended the period of the previous
half-year to six months, at the same rate of expenditure
the saving would amount to 1,8001. (Cheers.) The cost
of running trains was 11,2921., as against 15,5701. in
the previous half-year, thus saving about 4,3001. The
balances due to the company by traders amounted at the
last meeting to 45,9321., but this year they were reduced
to 26,0001. and odd, arrears of 19,0001. having been re-
covered on the half-year. The salary of the superinten-
dent of the permanent way had hitherto been charged to
capital ; now it was charged to revenue. The interview
with the directors of the Great Western Railway had
been ursatsfactory. The directors of this company bad
gone ,to that interview desirous of making an amicable
arrangement if possible ; but he was sorry to add that
they left the room with a strong feeling that there was no
desire whatever of cultivating the same amicable arrange-
ment on the part of the Great Western Company. Not-
withstanding this, however, the policy of the Oxford,
Worcester, and Wolverhampton directors would continue
to be a policy of peace, and they were ready as ever to
hold out to the Great Western Company the right hand
of fellowship, for of this they were assured, that there
was more to be obtained by peace than by war. (Cheers.)
There was an item of 3,1541. which the Great Western
Company owed this company for money received by them
at their end of the line, and of which they could not ob-
tain payment, although repeated application had been
made for that purpose. There was a branch line pro-
posed to be made by a separate company from Hampton
to Stratford-on-Avon, which, if carried out, would mate-
rially interfere with this company's traffic on the Strafe
ford Canal, and it would be necessary to oppose that bill
in Parliament. He congratulated the meeting on the pre-
sence among them of several directors of the Worcester
and Hereford Ra:lway Company. That line, when com-
pleted, would be of the utmost value to the Oxford and
Worcester Company, and it vas a fact that coke ha l been
sent from South Wales to Worcester by a detour of 40
miles, via Shrewsbury. This showed the value of a
direct line of communication, which he hoped would
soon be accomplished. The new arrangement of publish-
ing a fortnightly statement of the expenditure of the
company, be thought, was advantageous, as affording
information to the shareholders, as a spur to the officers,
and a check upon extravagant expenditure. The Severn
Valley Railway was another undertaking which it would
be to the interests of this company to support, and the
directors proposed asking this meeting for power to
enter into working arrangements with that company.
te,,: tel esi l„zstnitetraran ask
for whicisioniatid
That company wished the Oxford company to work theirline, but he (the. chairman) did no propose to commit
theorcompany'powers to to defih
:make an .gl rb ittrn
granted, they would report the result hereafter.. In
conclusion, he moved the adoption of the' feport:
This having been seconded, a short discussion ensued.
Mr. BRRWIN asked whether there was any probability
of the 244 miles of single line being converted into a
double line, and read an extract from a return in The Sun
showing that the receipts of the Midland company were
561. per mile, and of the Oxford company 391. Would
it not be likely that this company would be able to
attain to the Midland traffic? In such case, he calcu-
lated that, after paying the preference claims, there
would be 22,0001. left to the old shareholdere.
The CHAIRMAN feared he could not hold out any hope
of thig, though he trusted that before a very long period
elapsed they would be able to pay all the preference and
debenture interest, and something to the original pro-
prietors. Tee Great Westernat present were expending
a great deal of money in getting traffic from Kiddermin.
ster and Stourbridge, which could not pay them, but
injured this company's traffic from the bast end of their

line.
The report was adopted, and, after further discussion,
the dividend and interest as recommended in the report
were ordered to be paid.
The CHAIRMAN next moved that the future allowance
to the directors should be reduced from 1,6001. to 1,2001.
per annum, and that the latter sum should be divided
among their own directors, and not among the Great
Western directors, who sat at this bJard. Tne chairman
thought the directors ought to be recompensed by those
who elected them.
Sir M. PETO seconded the resolution, which was car-
ried unanimously.
Resolutions were also passed, altering the time for
holding the future meetings of the company, which
are to be held henceforth btween the 15th of January
and the 15th of February, and between the 15th of
July and the 15th of August. The directors were em-
powered to enter into an arrangement with the Severn
Valley Railway as asked for, and the retiring direc-
tors, Sir Morton Peto, and Mr. S. Pakington, were
re-elected.

After some routine business the meeting adjourned.

half-yearly
MANCHESTER, BUXTON, MATLOCK, AND
meetingtN
C of
JUNCTION.
The ordinary MIDLANDS
proprietors
of the
above railway WWI held at the Midhnd Hotel, Derby, on
Wednesday ; Sir J. Paxton, M.P. , in the chair.
According to the report read and received, the half-
year's rents from the lesseep, amounting to 5,2661. 55.,
would give the same dividend as on former occasions,
viz., ls. 4d. per share for the half-year, which the direc-
tors proposed to make payable on the 14th inst.
The CHAIRMAN, in moving the adoption of the report,
regretted that he could not state something definite to
the meeting as to their future prospects. At the last
half-yearly meeting he stated to them that there would
be an endeavour made to induce the Midland Company,
the London and North-Western, and the Manchester,
Sheffield, and Lincolnshire companies to join in closing
the link that was wanting between Rowsley and Wha-
ley bridge, and thus accomplish a very desirable object,
but their hopes had not been fulAlted. The Midland
and London and North-Western Companies refueed to
do that which he (the chairman) thought would
be for their best interests. It was very important that
the shareholders of the Manchester, Buxton, &c.,
line should look forward to something that would pro-
mote the interests of their line. They would soon have
a line from Whalsy to Buxton, and he trusted ere long
to see it carried forward to Rowsley. He concluded
by moving the adoption of the report.
A dividend of is. 4d. per share was declared, pay-
able on the 14th inst. Sir Joseph Paxton and Mr, T.
G. Gisborne, the retiring directors, were re-elected, as
was also Mr. Richardson, one of? the auditors. The
proceedings terminated with a vote of thanks to the
chairman.

RAILWAY AND OTHER BILLS IN PARLIA-
MENT.
Yesterday the examiners into standing orders de-
re (capital) t a l
el ired them complied with in the following cases :
Railway ; Great Southern and
Western
); Kinross-shire Railway; Fife
ManadlloKwinraons Railway
Kinross Railway ; Great Western, and Brantford
Railway ; Ely Valley Railway ; Dorset Central Rail-
way ; Westminster Terminus Railway Extension (Clap-
ham to Norwood abandoned) ; Portadown and Dungan-
non Railway ; North-Western Railway.
The following bills for miscellaneous public objects
were also passed :—Kidsgrove Market and Town-hall ;
Prestwich, Bury, and Radcliffe Roads ; Selby and Mar-
ket Weighton Roads Haslingden and Todmorden
Roads ; Marlton and Hagen's Sufferance Wharves ;
Wilmslow and Lawton Roads • Eli Harbour ; Tweed
Fisheries ; Pulteney Town Harbour ; and Burslem and
Tunstall Gas.

ST. PAUL AND ST. BARNABAS.--WESTERTON V'
voenTYMonday
and will be heard by the Judicial Com-
mitteePriv—iftalaltlrt;hheeietPadmitted. The Privy Council Chamber
y importantceu e ciicaatu steh
their
rs now Chambers reach reached
next, at ten o'clock. The
its
public L infi r
]owningr it dwes
is at the corner of Downing-street.
It is stated that the terms for the arrangement of the
debt of Venezuela have been fully agreed upon between
the Committee of Spanish American Bondholders and
the commissioners from that republic, and that a meeting
of the bondholders is to be held on Monday.

THE PAPER DUTY AND THE INCOME.

TAX.

(Front tire Times.)
If every tax in favour of which nothing can be
said were doomed to imerediate abolition, the
Chancellor of the Exchequer would soon be in
.straits for a revenue. The case against the Paper
Duties is so simple that it may be left to the tiros
of financial reform. As an undergraduate critic is
sure to select Macaulay or Tennyson for the sub-
ject of his first magazine essay, so the impost on
the material vehicle of knowledge will always sug-
gest itself as a ready theme of declamation to the
political beginner. Everything that was urged by
Mr. Milner Gibson and his friends on Wednesday
in their interview with the Chancellor of the Ex-
chequer has been urged many times before, and
has taken its place among the uncontradicted truths
of economy. The Paper Duties press on literature
and chiefly on cheap literature. The primer and
copybook of the child, the newspaper and enter-
taining periodical of the working man, are taxed
in a far greater percentage on their value than the
library edition which the rich book-fancier places
on his shelves. A persevering publisher declares
that in a course of years he has paid in Paper
Duties five-eighths as much as he has paid for copy-
right and editorship ; and that his success and the
success of his literary friends have been correspon-
dingly diminished. Another publisher of popular
works has been obliged to discontinue the issue of a
periodical because, though it attained to a circula-
tion of 60,000 copies, it was unromunerative, owing
to the obnoxious impost. Continuo the Paper
Duty, and you check education ; abolish the Paper
Duty, and you confer a benefit on the country
not infwrior to those which proceeded from the esta-
blishment of cheap postage and rapid locomotion.
Such are the arguments of the reformers, and no
one can pretend to answer them. If Sir Cornewall
Lewis, or any other opponent, confines himself to
the question as proposed by the objectors, he must
speedily be defeated.
The one practical and conclusive answer, how-
ever, is that money must be had. The Paper Duty
brings in a large annual sum ; can this sum be
spared ? Of course, this is a mere temporary argu-
ment and does not touch the principle. But for a
year—or, perhaps, for longer—we must be content
to leave the principle alone, and argue the matter
as one of expediency. We do not doubt that even-
tually the Association for the Repeal of the Taxes
on Knowledge may attain its end. It is a persever-
ing body, and has already bee a twice victorious.
When it commenced its labours a t!iple burden was
alleged to weigh on the intelligence of the country.
Tha advertisement duty was, to use the language of
the Association, "a tax ou wants." Mr. Gladstone
yielded to the pertinacity of his assailants, and now
the wants of the community may be made known
free from the tributary eightempence. The second
achievement was the abolition of the newspaper
stamp. As the promoters of this measure declare
that it has not had time to work, we will forbear
from any criticism on its merits. The third part of
the programme has yet to be carried out, but we
do not doubt that the zeal of the reformers will one
day be rewarded. For our own part, we haVe every
reason to wish them success. The results of their
two former exploits have certainly been anything
but detrimental to the interests of this journal,
and we can naturally have little objection to a
change which would enable us to make a saving on
every copy we publish. Therefore, when we have
done with Persia and China, when the last bills
for the late war are paid off, when there is a
lull in the dockyards of Portsmouth and Chatham;
when our army has settled down to its permanent
numbers, and, consequently, when we have a
large surplus, and half-a-dozen interests are de-
manding the_ first share of relief, let us lend a
willing ear to the anti-knowledge-tax agitators,
As mind is superior to matter, so we would sooner
have the paper duty repealed than the duties on
wine or tobacco. So let paper stand first in the
list for relief when we have anything to spare.
But so long as the income tax is maintained the
country must be content to bear the last and most
burdensome of the taxes on knowledge.

The fact is that the pressure of the income tax
is so deeply felt that all other considerations must
give way to the necessity of easing—the -public of
isia.hated. burden. Contrary to the theory of eco-
nomists, and in spite of all who affect to prefer
direct taxation, the British people have wisely_de-
tertninecl to be rid of this most grievous 'impost.
To get rid of the war 9d. now, and the other 7d.
as soon at possible, is the ruling desire of all classes
from peers to the pettiest tradesmen. The ques-
tion of the day is how this can be managed. The
expenses of the late war have not yet•been all met.
There is no doubt that, with all the efforts of the
Chancellor of the Exchequer, the expenditure of
the year will be very great. Consequently, the
most that can be expected is to be zid of the extra
income tax. Even for this we have been unwilling
to press too importunately, through a fear that it
might be necessary to adopt the disgraceful substi-
tute of a loan. But if it can be accomplished it is
certainly as much as the country wishes or expects.
Let the Chancellor of the Exchequer be allowed to
concentrate his energies on this one achievement,
and then prepare for our complete relief in 1860.
The representatives of burdened interests must
have patience until then. We hope soon to enter
again into the calm and peaceful paths of reduced
estimates and repealed duties. Then they will
have their turn in order of desert. But, for the
present, let no Minister be able to urge as an ex-
cuse for keeping on a fraction of the income tax
the pretext thit any section of the community is in
the least degree indifferent to its abolition.