The Sun.
London, England, 1850-07-30 00:00:00

The House divided, when ti are appeared—
For Col. Chatterton's motion ... 13
Against it ... 56

Majority ...
The Bill was then passed.
The other business on the paper was then disposed of,
and the House adjourned at a Quarter to Two o'clock.

... -43

RAIL WAY INTELLIGENCE.
NEWMARKET RAILW AY COMPANY.
On Saturday the half-yearly niceting of this company
was held at the London Tavern; Lord George Manners
in the chair. The meeting was also made special, to
consider the propriety of the decision come to by the
directors for closing the railway.
The usual preliminaries having been gone through,
Mr. BROWN, the secretary, read the following report:—
" The proprietors have been called together for the
double purpose of transacting the ordinary business of
the half-year, and considering, as. desired by the requi-
sition of a certain number of the'tr co•shureholders, the
propriety of the company ceasin r; to carry traffic over
their line of railway. The only business for the half-
yearly general meeting is that of taking the accounts
into consideration, and of receiving any information
from the directors which they can furnish, or of dis-
cussing any suggestions which the propriet)rs may wish
to make. The accounts of revenue not having listen
completed by the clearing-house,, 'nave not yet been fur-
nished by the Eastern Counties 311-silway Company, but
they cannot present any new fe.mtures materially vary-
ing from former returns, or lik dy to suggest any new
b ier va Lion.

,‘ With reference to the topics to be discussed at the
special meeting, as it is next to impossible to deal with
each in a separate report, the a irector's think it best
briefly to communicate such inf., armation as they pos-
sess. The proprietors are aware That the line betwt.en
Chesterford and Newmarket was closed for traffic (so
far as this company as carriers stee concerned) on the
30th of June; and after what passed at the last meeting
of the company, the proprietors will neither be surprised
at that re,ult, nor altogether in Lae dark as to the cir-
cumstances which have induced it. At that meeting the
directors, after adverting to the fai7ure of their attempts,
either to conclude a fair and equitable arrangement with
the Eastern Counties Railway Co mpany, or of the not
less important negotiation with Mr. Jackson for the
working of the line, and which at that period had occu-
pied so much of their attention, i. 13 Unlaced that if on the
one hand the Eastern Counties Railway Company could
not be induced to see their oevn interest in dealing
more liberally with the Newmarket Company, and
cn the other such terms for working the
traffic by the agency of an individual could
not be carried out, they saw no alternative
other than that of ceasing to tear the useless and un-
profitable burden of working the line; for it must be ob-
vious that, with the traffic in the hands of the Eastern
Counties Railway Company, the receipts must inevit-
ably be reduced, it not being to their interest to de-
velop the traffic to the fullest extent; while at the same
time the more extravagant the charges the greater
would be their profit. Even the same balance left has
not been handed over to this company, being retained
to meet a certain alleged claim of the Eastern Counties
Railway Company; whilst the expense of maintaining
the permanent way and stations has been left for this
company to defray out of capital. The dirt eters
therefore felt, and still feel, that it is expedient that the
line should be closed; they stated, however, their reluc-
tance to adopt this final measure, and that they would
attempt one more appeal to the Eastern Counties Rail-
way Company. That appeal was made without loss of
time by the chairman of this company to the chairman
of the Eastern Counties Railway Company—resulting
in propositions holding out not even a remote prospect
of benefit to the Newmarket shareholders ; and which
could not consequently have been accepted, even if
their mortgagees (whose concurrence was required
and refused) had put it in the power of your directors so
to do.

" Subsequently an overture was made from another
quarter, for a working arrangement, on precisely the
same basis as that which the directors had failed at the
oal last s
at
ti
hn,emomitr
nere
anntt;ntsooefn et
ionnmtteprlteehstete
bwwn
was
stdhha
necessary
dle
ere
r.e
ss
jstaaorcyak spillornoe ldi;imfibicunaatt iroayns,
and the principal mortgagee, Mr. Jackson, refused
Theto adgirreeen t
ntros
asuch
dreesdi
ruee
tot
'rawthuatttelinetgiLti4o" the la tailed.rg
and unfair assessments made upon them for poor and
other parish rates, and the heavy law charges imposed
upon them in resisting these unjust claims, and also
to vexatious actions brought against the company by
certain parties locally interested. Under alt these
circumstances, finding it impossible to effect a satis-
factory arrangement with individuals, ald finding
that the Eastern Counties Railway Company, although.
deriving a large revenue through the medium of
the Newmarket Railway, were not disposed to make
such terms as would develop the traffic, and
thus serve the Newmarket Company, there own share-
atn. couldtnat
holders, and the public; seeing also, that heavy charges
twheoraeinboeritigiga incurred
t b
fore
inugp hroeltdaiinnge
retained
sworks, n
e d
not be met, even if the balance arising from the work-
ing by the Eastern Counties Railway Company wore
paid over to this company, the directors have thought it