The Sun.
London, England, 1868-09-18 00:00:00

ELECTION INTELLIGENCE.

LAMBETH.—Last night a public meeting of the
supporters of Mr. J. Morgan Howard, the Conser-
vative candidate for Lainbeth, was held at the
Horns Tavern, Kennington. Mr. Fowler occupied
the chair. At the close of the proceedings, a reso-
lution was passed recommending Mr. Howard to the
constituency.
BOSTON.—Mr. T. Collins, who formerly repre-
sented Knaresborough in the Conservative interest,
has been accepted by the Conservatives of Boston,
as a candidate for that borough, along with Mr. J.
IV. Malcolm, the sitting member.

.11..11L1VAY AND OTHER COMPANIES.

GLASGOW AND SOUTH-WESTERN.

The half-yearly general meeting of this company
was held on Wednesday at Glasgow; Sir A. Orr in
the chair.

The report, an abstract of which appeared hi
The Sun, was taken as read.

The CHAIR3IAN, in moving the adoption of the
report, said the directors had been careful in limit-
ing the expenditure of capital during the past half
year, and they would in futute keep the expendi.
ture on that account as low as possible. The works
of the branch in Ayrshire were now all in progress,
and would be completed for a stun smaller than the
amount of capital provided for them. The directors
regretted being involved in so many miles of new
railway, as the completion of those works might
have been spread over a number of years, and been
completed as the minerals of the districts were
wanted, but the foolish extensions of a neigh-
bouring company, who were pressing into their
district, forced them to take up the ground.
Had we known they were hurrying so
headlong into their present position they might
without loss have saved a great deal of their pre-
sent expenditure. The capital of the company
would, in consequence of the arrangement made
with the Caledonian Company, be reduced to the
extent of £266,000—viz., £200,000 in share capital
and £66,000 in loans. It was satisfactory to be
enabled to mention that they had arranged with
the directors of the Caledonian Company for a
settlement of all their differences with regard to
competitive traffic—(loud applause)—and that,
looking forward to the opening of the Greenock
line, they had arranged for carrying the Caledonian
Company's traffic for the west harbour of Greenock,
and they would take this company's traffic to the
east harbour, and the expenditure of half a mil-
lion of capital would thus be saved, and the public
would have the advantage of both routes, and from
the spirit in which negotiations were now being
carried on, the traffic of the district which they
both served would be worked to their
mutual advantage, and to that of the public
also. Had this wise course not • been departed
from by their great neighbour, and measures
of defiance and destruction not been threat-
ened, they might have been quietly enjoying a
very large and increasing dividend, and dividing a
larger amount than they ever paid. If railways•
were wisely managed there was a great future pros-
perity before them, and the public would ultimately
gain also by cheap and convenient carriage of pas-
sengers and goods, in place of wasting further
money in duplicate lines and Parliamentary and
engineering expenses. All this immediate benefit
had been, however, deferred by the folly of the last
few years. The directors were much disappointed
that the traffic had not continued to increase in the
same ratio as in previous years, but they had en-
deavoured by economy of management to make the
net results as favourable as possible, and their en-
deavours had been so far satisfactory that the net
receipts per train mile, after paying all expenses,
were 2s. 4d. for the past half-year, as against ls. 11d.
fur the corresponding period, and this result had
been arrived at without depriving the public of a
liberal train accommodation. They regretted very
much to declare a dividend at a lower rate than 5 per
cent., butstill the position of the company was better
than at the corresponding period of last year, when
5f per cent. was declared, as upwards of £5,000
more bad been charged against revenue, on account
of maintenance and renewal of way ; and at that
time the interest on unproductive capital, amount-
ing to £15,700, was paid out of the contingent
fund, the two sums together being equal to more

than 1 per cent. dividend on the ordinary stock of
the company, and the amount expended on works
yet unproductive had increased by upwards of
£lOO,OOO. (Cheers.)
Mr. ItONALDSON seconded the motion for the
adoption of the report, which was unanimously

BURY ST. ED3ILTNDS.—Mr. Greene and Mr.
HardcaEtle, who now represent this borough, have
issued their addresses, seeking re-election ; and
Mr. R. S. Parry, of Bilbam-hall, Surrey, has come
forward as a second Liberal candidate, at the in-
vitation of a number of the electors. It is stated
that the Conservatives intend to bring forward
another candidate, and there is consequently every
prospect of a severe contest.
HALIFAX.—Mr. Stansfeld and Mr. Akroyd at-
tended a Liberal meeting at Halifax last night
and solicited re-election. Mr. Stansfeld said the
important questions for the new Parliament would
be Reform, justice to Ireland, and education. As
to Reform, the first thing demanding attention
would be the repeal of the ratepaying tests, which
he had voted against. He believed the object of
minority representation was to weaken the power
of large constituencies, and if not remedied there
would be a large Radical measure of redistribution
of seats. Justice to Ireland demanded the disesta-
blishment of the Irish Church, and he believed
the land question would speedily have to be dealt
with. The effect of a Conservative Government
had been to, increase the waste of the national
finance. When the new Parliament met he believed
Mr. Gladstone would be brought back to power and
be the leader of a compact and earnest majority.
He would then be able, and it would be his duty, to
bring about a considerable reduction in the national
expenditure. In answer to questions he declared
for the Ballot, but would not say whether he would
vote for disestablishment of the English Church,
and said it did not matter whether bishops were in
Parliament or not, forithe Imperial power was in the
people.
LINCOLNSHIRE (SOUTH).—Mr. George Hussey
Puke, M.P., has issued an address seeking re-elec-
tion. He says, though a true Liberal, he is no
Radical, and is prepared to advocate and support
such measures as are in his judgment conducive to
the interests of constitutional progress. Mr. Wil-
liam Earle Welby has also issued an address. He
says he should view with the utmost regret, and, so
long as he could with any reasonable prospect of
success, should oppose any measure having for its
object the severance of Church and State ; but he
cannot conceal from himself that circumstances may
arise under which to prolong that resistance would
become not merely useless but mischievous. He
must therefore reserve to himself the right to act in
such a case to the best of his judgment.

agreed to.
The dividends were then declared on the pre-
ference stocks, and at the rate of 4i per cent. per
annum on the ordinary stock and shares of the
company for the past half-year.
After a short discussion on a proposition of Mr.
Dreghorn, for running a train in the morning and
one in the evening between Glasgow and Paisley,
on Sundays, the proceedings terminated with a vote
of thanks to the chairman and directors.

MONMOUTHSHIRE.

The half-yearly meeting of this company was
held at the offices, Newport, on Wednesday ; L3rd
Tredegar in the chair.

The report, an abstract of which appeared in Ti
Sun, was taken as raad.

_ , •
The CHAIRMAN having formally moved the adop-
tion of the report,
. Mr. CARTWRIGIIT at some length referred to what
he considered the mistaken policy of the directors.
The purchase of the Brecon Canal, at a cost of
£61,000, ought never to have been entertained, and
it had proved a great loss to the company. They
had an offer of the old Rumney Railway, but it was
allowed to go into the hands of another company.
This he considered a fatal mistake to the interests
of the Monmouthshire, and they would feel it in
time to come. He further objected to the subscrip-
tion of £20,000 towards the Alexandra Dock.
Mr. BATCIIELOR commented upon the circum-
stance that Mr. Gratrex, a director, was suing the
company for compensation in reference to a tram-
way required for new lines. The tramway had
been purchased for £lOO, and £5,600 was now asked
for it.

Mr. GRATREX explained that his solicitor, with-
out his authority, had made the claim, and he had
since agreed to leave the matter entirely in the hands
of his co-directors.
Mr. LONGMAN said the true cause of the decrease
in the dividend was the continual increase of capi-
tal. He urged the closing of the capital account.
Mr. HUTCHINGS thought the suspense account
was a serious item, and contended that immediate
steps should be taken to wipe it off.
_ _ _ _ .

. MID-LINCOLNSIIIRE. Lieut.-Colonel Western
Amcotts has concluded an active canvass of the
electors of Mid-Lincolnshire, and yesterday ad-
dressed a large meeting at Bassingham, where he
was well received.
MID-SURREY.—The Hon. W. Broderick and Mr.
Henry W. Peek, the Conservative candidates for
this division, have been holding a series of public
meetings during the past fortnight, at which reso-
lutions approving them as candidates have been
passed by acclamation.
NEWCASTLE-UNDER-LYME.—Mr. W. S. Allen,
M.P., visited this borough on Wednesday evening,
and. addressed about 2,000 of the electors and future
electors in the covered market. He reviewed at
great length the proceedings in Parliament during
the past three years. He advocated the disesta-
blishment of the Irish Church, and the adoption of
new law as to the tenure of land ; condemned
the financial arrangements of the present Govern-
ment; and said he would substitute for the game
laws a new law as to trespass. A vote of coufi -
dence iu Mr. Allen was unanimously carried.
NOTTINGHAM.—Five candidates for the represen-
tation of this borough are now fairly in the field—
four Liberals and one Conservative. It is said that
two ocher Liberal candidates are to be brought for-
ward, but who they are to be has not yet trans-
pired. Mr. Osborne is recovering from his illness,
and is expected in the town shortly to address the
electors.
PrathßoE.E..—Mr, 1, Merrick has been introduced

Mr. LAWRENCE reminded the meeting that in
former years £71,000 had been transferred from
revenue to capital, and they were justified in re-
couping that amount through the suspense account.

The report was then adopted, and a dividend at
the rate of 4 peg cent. per annum was declared,
payable on the sth of October.
A resolution was proposed that the subscription
of £20,000 to the Alexandra Dock be confirmed.
Mr. CARTWRIGHT opposed the resolution.
Mr. BATCHELOR, Mr. PHILLIPPS, and others held
that increased dock accommodation was required
for the port, and it was for the interest of the
Monmouthshire Company to have new docks esta-
blished.

The resolutio❑ was carried almost unanimously,
and the proceedings terminated.

MAURITIUS.

The traffic returns on the Mauritius Govern-
ment Railway, 66 miles in length, amounted for
the half month ending the 31st of July last to
£3,161, against £3,285 for the corresponding half
mouth in 1867, showing a decrease of £124.

to the electors of Pembroke as a candidate on Libe- the fourth week in August amounted to $128,406,
ral principles, and has been well received. against $139,454 in the corresponding week in
POOLE.-Mr. Charles Waring, the present Libe- 1867, showing a decrease of $11,048. The total
ral member, addressed a crowded meeting at the receipts for 26 days in August amounted to
Town-hall on Wednesday evening. He expressed $407,888, against $461,879 for 27 days in August,
his firm adherence to Mr. Gladstone as the leader 1867, showing a decrease of $53,991.
of the Liberal party.
SUFFOLK (VEST).—It is understood that arrange-
ments are being made for a contest in this division,
which has been for many years regarded as a " Con-
servative monopoly." Lord Augustus Hervey and
Major Parker offer themselves for re-election i❑
the Conservative interest, but the name of the Libe-
ral candidate has not yet transpired.

SURREY COMMERCIAL DOCKS.

The general meeting of this company was held
yesterday at the Dock-house, Fenchurch-street; Air.
C. Churchill in the chair.

The report stated that the number of vessels ad-
mitted into the docks during the first eight months
of the present year was 2,102 sail, having an aggre-
gate tonnage of £501,172 tons, against 2,206 sail
and an aggregate tonnage of 451,892 tons in 1867.
Ile tonnage of wood-laden vessels was largely in
excess of that docked in 1867, while there was a
decrease in grain-laden vessels. The stock of corn
in the granaries had, however, throughout the year
been larger than that held in 1867. The enl age-
ment of the Acorn Pond would shortly be com-
pleted, and afford an addition dl space of eight acres
for the stowage of floated timber. The directors
recommended that a dividend of £3 per cent., free
of income-tax, be declared on the ordinary stock
and on preference stock A for the past six months.
The CHAIRMAN, in moving the adoption of the
report, said it showed that the business which
really paid the dividend, namely, the wood business,
had increased about 50 per cent. In respect to the
grain business, he admitted that it did not look so
well on paper as it did last year, but the board had
no doubt whatever that when the accounts were
male up at the end of the year the grain business
would be found as goo 3, if not better, than that of
last year, inasmuch as the landings of grain con-
tinued on a very favourable scale.
Mr. P. 0. KINGSTON seconded the motion, which
was agreed to without discussion, and the dividend
having been declared, the proceedings closed with
thanks to the chairman.