The Sun.
London, England, 1850-08-31 00:00:00

triw
AUGUST 31, 1850.
N°. 18,077.]
LONDON, SATURDAY
7

PUBLICATIONS.

Price 24. 61. ; or by post, 34.,
THE DUBLIN UNIVERSITY MAGAZINE
for SEPTEMBER, contains :
Maurice Tiernay, the Soldier of Fortune. Chap. XII. "A Glance
at Staff Duty." Chap. XIII. A Farewell Letter. Chap. XIV.
A Surprise and Escape.—Leigh hunt.—Lady Alice Daventry ; or,
the Night of Crime.—Popular Chan,ons of Franca. By Jonathan
Froke Slingsby.—Second Scientini., Balloon Ascent of M Barral
and Bixio.—lncumbered Estates Court.—Wordswoith's New Poem.
—Gracs Kennedy Chapters 1., IL, lll.—The Itailway.—French
Novels and Novelists. Balzac, Sand, C. de Bernard, Sue, Dumas,
Reybaud, Sandeau, &c.—Elfinair ; or, the Charmed Bracelet.—A
Fancy.—Thc late Sir Robcrt Peel.
Dublin: James MtGlashan, 21, D'olier-street. Win. S. Orr and
Co., 2, Amen-corner, London, and Liverpool. Sold by all Book-
sellers.

TAIT'S EDINBURGH MAGAZINE,
No. CCI. SEPTEMBER. Price Is.
The Prelude.--Rosemary for Remembrance.— The Origin of Epping
Hunt.—Naseby.—A Brush.with Pirates on the Coast of Africa.—
Scot doh Drunkenness.—O'Reilly's Improvements.—William Sell.—
Autobiography of Leigh llnnt.—The End of the Session.—Literature.
—Assurance Offices.
Published by Simpkin, Marshall, and Co., London.

In a few days wig be published,
pIIE EDINBURGH REVIEW,
..1A Nos. 186 and 187, price Six Shillings each; being the INDEX
to Vols. T.T. to LXXX.
London: Longman, Brown, Green, and Longmans.

In a few days be publthed. Second Edition, complete in One
Volume, with numerous Wood Engravings, and Sixteen Etchings
by the Author, square crown Bvo.,
SACRED and LEGENDARY ART; or, Le•
genes of the Saints and Martyrs. By Mrs. JA.MESOX,
thor of " Legends c,f the Monastic Orders," "Characteristics o
Women," &c

Just I üblished, by the same Author,
LEGEND: of the MONASTIC ORDERS, as represented in the
Fine Arts. Forming the Second Series of " Sacred and Legendary
Art." In One Volume square crown Bvo., illustrated by 11 Etchings
by the Author, and 84 Woodcuts, 283. cloth.
London: Longman, Brown, Green, and Longmans.

On Thursday, September 5, will ba published, in fcp. Fro.
CORPULENCE or,Facea& of Fat in the Human
Body: its relations to Chem7stry and Physiology, its bearings
on other diseases and the value of Human Life, and its Ind.cations
of Treatment. With an Appendix on Emaciation. By THOMAS
KING CHAMBERS, P.M., Fellow of the Royal College of Physi-
cians, and Gulsionian Lecturer for 1850.
London : Longman, Brown, Green, and Longmans.

lIE ART-JOURNAL,
No. 14G, for SEPTEMBER contains :
Three Engravings on Steel, from Pictures in the Vernon Gallery.—
"The Countess," engraved by R. A. Artlett, after Sir T. Lawrence,
r.E.A. ; " The Port of Leghorn," engraved by J. C. Bentley, after Sir
A. W. Calcott, ; A Highland Cottage, engraved by C. COUSCD,
after A. Fraser. Also a large number of finely-ezecuted Engravings
on Wood.
Among the Literary contents will l e found :—Modern Moves in
Art, by R. N, Worintm.—The Exhibition of 1351, and the Westmin-
ster Local Committee.—The British Association at Edinburgh. by
Robert Hunt.—Autobiograph3 of John Burnet, with a Portrait.—
Visits to the 211.,ratfacturing Districts : Derby, Illustrated..—Copy-
right of Design _Amendment Act.—The Project of the United States
regarding the Exhibition of 1851.—Dictionary of Terms in Art.—The
GoPsmith's Work of M. Morel. Illustrated.—An Account of Samuel
Cooper, Miniature Peluter to Cromwell and Charles IL—Art in
America.—Monachism in Art, &c., &c.
G. Virtue and Co., 23, Paternoster-row.

REPORT ON THE STATE OF VIE CROPS.
THE GARDENERS' CHRONIC
DAY cLEontainsN a AD
AGRICULTURAL GAZETTE of TRIS
Full Report of the State of the Crops throughout the Country. In
the same Number Hill be found a Description of the New Victoria
Recta House at Chatsworth, with Five Engravings, viz.: Ground
Plan, Transverse Sectixt, Scc.
A single cony will be sent on receipt of six postage stamp
Covent-
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Office for Advertisements, 5, Upper Wellington•street,
garden.

OUEEN VICTORIA AND THE DUKE or'
WELLINGTON.—TWO SONGA. The Poetry by JAMES
'4‘.) GOOLD, Esq., tho :Music composed by Sir HENRY N.

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LONDON to BOULOGNE DIRECT.
The COMMERCIAL COMPANY'S powerful and splendid
Steam-ships, CITY of BOULOONE or E NIERALD, from LONDON-
BRIDGE WHARF, every Tuesday and Friday, according to tide—
Tuesday, Sept. 3, at 9, Morning.
Friday, Sept. 6, at 10, Morning.
Tuesday, Sept. 10, at 2, Moniing.
Friday, Sept. 13, at 4, Morning.
Saloon, 125.; Fore Cabin, Bs. Places booked throughout from
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Saloon and First Class Rail .• •• •. 345. 6d.
Fore Cabin and Second Class 255. Od.
Fore Cabin and Third Class Rail .. • • .... 21s. Od.
For particulars of freight, &c., apply at the Company's Offices, 4,
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THIRTY-FIRST EDITION.
Illustrated by 26 Anatomical Coloured Engravin-ts on Steel.
ON PHYSICAL DISQUALIFICATIONS, GENERATIVE INCA-
PACITY, AND IMPEDIMENTS TO MARRIAGE. •
Kew Edition, enlarged to 196 pages. Just published, price 2s. 6d., or
by post, direct from the Establ•shment, 3s. 62. in postage stamps,
THE SILENT FRIEND, a Medical Work on
AA the infirmities and decay of the generative system, from ex-
cessie indulgence, infection, and t inodinate use of mercur
withv remarks on Marriage, and the he
meansr of obviating certain die-
qualifications. Illustrated by V Coloured Engravings. By It. and
L. PERRY and CO., Consulting Surgeons, 19, Berners-street, Ox-
cord-street, London. Published by the Authors : sold by Strange,
11, Paternoster-row ; Hannay, 63, and Sanger, 150, Oxford-street ;
Stolle, 23, Titchbonse-street, Haymarket; and Gordon, 146, Leaden-
hall-street.
PART I. treats of the anatomy and physiology of the re productive
organs, and is illustrated by Six Coloured Engravings.
VART IL. treats of the consequences resulting from excessive in-
dulgence, and their lamentable effects on the system, producing
mental and bodily weakness, nervous excitement, and generative
incapacity. Illustrated by Three Explanatory Engravings.
PART 111. treats of the diseases resulting from intection, either in
the primary or wocondary form, and contains explicit directions for
their treatment. This section is illustrated by Seventeen Coloured
Engtavings.
PART IT. contains a Remedy for the Prevention of Disease by a
simple application, by which the danger of infection Is obviated.
This, important part of the Work should ant escape the reader's
notice.
PART V. Is devoted to the consideration of marriage, and its du-
ties. The causes of unproductive union are also considered, and the
whole subject critically and philosophically inquired into.
Tux CORDIAL BALM OF Svaiacum is exclusively employed in
treating nervous and sexual debility, impotence, &c., lls. and 335.
per bottle. The Concentrated Detersive Essence, an anti-syphilitic
remed7, for purifying the blood in cases of infection, secondary
symptoms, eruptions, and the abuse of mercury, 1 is. and 335. per
bottle. Ferry's Purifying Specific Pills, 2s • 9c1., 48. 6 and Its.
per box, a certain remedy for gonorrhoea, gleet, stricture, and
chronic: inflammation of the bladder. Consultation fee, if by letter,
11. A minute detail of the case is required: age, habits, and posi-
tion in society. 11. rackets, with advice, to be had at the Reta-
bliahment only by which the fee, It., is saved. Messrs. rerrY,
Surgeons, are in sttonclanco daily at 19, Berners-street, Oxford-
street. London. from Moven till Two and Five to Bight ; on Sun-
day, from Eleven to One.

DR. CULVERWELL'S NEW WORKS.
To be had of Sherwood, 23, Paternoster-row ; Carvalho;
U 7, Fleet-street; Mann, 39, Cornhill ; or direct from the author,
price One Wiling each ; by post, Is. Gd.

ENJOYMENT OF LIFE.
"Health, Recreation, and rational Use of Time."

CONTENTS:—EarIy Risiog —Spring and Summer Mornings—Ex-
cursions about the Environ 4 of London—The Parks, Lanes, Hills,
Forests, Fields, High-roads, and other pleasant places--Country
Trips and Rambles—The Sea—London at Night--Evening. at Home
—Music—The Drama—On Eating, Drinking, Sleeping, Bathing, Air,
gest, Ease, Occupation, &c., &o.

11.
FRAGMENTS FROM THE MOUNTAINS. Two Vols.
Vol I.

A VISIT TO THE LAKES; SMETCH=OF EDINEITEGIL &c.

Vol. 11.

THE LAKES OF KILLARNEY ; REMINISCENCES OF
DUBLIN, &c.
111.
WHAT TO EAT, DRINK, AND AVOID.
"That three seoz.e years and ten oar course may ran."
A popular review of almost every form (cause and cure) of ner-
votrly-debilltatcd health and enfeebled constitution, that harasses
the young, besets the man of pleasure, business, or study, and em
bitters old age, with tables and rules for the diet and physical regu
talon of every-day life.

IV.
THE PASSIONS.
" What passions hurt the body—what improve,
Truths as refined as Athens ever heard."
SUBJECT : -Life's pilgrimage, from infancy to old age. The advent
Jftlie passions. Chastity and its infringements. The cfcstrtities of
licentiousness and dissipation, with illustrations, graphic, narrative,
and remediative. Advocacy of early marriages.
V.
THE MARRIAGE STATE.
" To be or not to be, that is the question."
Pxooximart:—Laws and obligations of nature, society, and re-
ligion regarding marriage, to be observed by either sex. Tine and
choice, on bath sides, as to age, temperament, complexie a, and
figure, to secure healthy offspring, with the art of rearing them.
Physical defectiveness and its removal. Sterility and its cent maim.
Oases, &c.
By R. J. CULVERWELL, M.D. (1841), M.R.C.S. (18:17)+ L.S.A.
0824). Twenty-five years Medical and Forensic Referee' in these
natters.ltem/Won boars .troy till E VOIIIDgB, sovewitill nine.
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FORD'S IVELLINGTONT FAMILY and
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This Hotel, situated in the immediate vicinity of the Exchange,
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well as English strangers. will be found evzrythin that is desirable,
svhi•e the arrangements of the "Cuisine" are in the hands of a first-rate
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and Commerciid Rooms, as well. as Sitting and Bed Rooms, will be
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N.B. The charges tbr servants are included in the 11111 .(except those
who only stay a few hours), viz., Walter, Porter, and Chambermaid,
and it is respectfully intimated that all further payment is unne-
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IREMORNE GARDENS,
On the Banks of the Thames at Chelsea.
Open Daily at Three o'clock.
ONE SHILLING ADMISSION.
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LADIES TRAVELLING!.
Or during the Promenade, the Aquatic Excursion, or white
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ROWLANDS' K-ALYDOIt

a most refreshing Preparation for the Complexion, dispelling
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and immediately affording the pleasing sensation attending restored
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plication, and give place to delicate smoothi.ess, and the glow of
beauty and of bloom. To Ladies during the period of narsing, and as
a wash for infants, it cannot be too strongly recommended. Gen-
tle.nen, after shaving, will find it allay all irritation and tenderness
of the skin, and render it soft, smooth, and pleasant. Price 4s. 6d.
and Bs. Gd. per Bottle.
ROWLANDS' MACASSAR OIL,
for the growth, and for preserving, improving, and beautifying the
human hair. Price 3s. Gd. and Is.; Family Bottles (equal to four
small), 10s. 61. ; and double that size, 21s. per Bottle.
ROWLANDS' OD:)NTO, OR PEAlth DENTIFRICE,
for preserving and beautifying the Teeth, strengthening the Gums,
and for rendering the Breath sweet and cure. Price 23. Pd. per Box.
*,,,* Beware of Spurious Imltatimp. The only genuine of each
bears the name of " ItO WLAND'S" preceding that of the article on
the wrapper or label. Sold by them at 20, Hatton-garden, London,
and by Chemists and Perfumers.

RAIL WAY INTELLIGENCE.
EASTERN UNION.

The half-yearly meeting of the shareholders in this
company was held .yes'erday afternoon at their offices,
Brook-street, Ipswich ; Mr. J. C. Cobbald, M.P.,
chairman cf the board of directors, presiding.
The report stated that the net revenue, which
amounted, at the corresponding period of 1849, to 9,926/,
has gaze on increasing, and now, in the least favourable
half year of 1850, amounts to 26,562/. The directors
concur entirely in the belief expressed by Messrs. Webb
and Head, the auditors, that the shareholders during
the current half-year may look forward to a further con-
siderable increase of revenue. The liquidation of the
liabilities, which are the main causes of the preference
stooks being at a discount, demands the earliest consi-
deration of the directors. The proprietary, if they are
united in a resolution to clear away the outstanding
debts, might do it, not only without any sacrifice what-
ever, but with a certainty of raising every portion of the
company's stock. The Act which passed in the late ses-
sion has enlarged the time for making the Harwich line;
and the Eastern Counties Company having admitted that
it would be a great advantage to themselves as well as
to the public, and having shown a willingness to co-ope-
rate with this company to insure its construction, the di-
rectors hope, before they:need expend any further money
upon the undertaking, that the arrangement of 1846
may be entered into between the two companies to pro-
tect the shareholders from any unremunerative
outlay in carrying a line into littrwich. The directors
have referred all unsettled professional accounts to Mr.
Dax, the senior Taxing-Master of the Court of Ex-
chequer. They trust it will be a means of reducing
some of the demands against the company. With a
view to stimulate the local traffic, several excursion
trains are now running and carrying great numbers of
the inhabitants of Norwich, Bury St. Edmund's, and
the vicinities to wards Harwich, and of those of Colches-
ter, Ipswich, and Bury, through Norwich to Yarmouth.
This traffic, it is believed, will tend to improve the
present half-year's res-enue. , The report of Mr. P. Bruff,
the engineer, states that the working expenses continue
to diminish, being now 2681. par mile, or 49 per cent.
upon the receipte. The rolling stock, permanent way,
and works continue to be maintained in excellent condi-
tion. The Trowse branch to connect the Eaton Union
line with the Noeolk line at Norwich will undoubtedly be
of great service in facilitating and economising the traffic
arrangements of both companies; the estimate of cost
including land and every expense is 16,000/. The lino
is set out, and the works can be commenced forthwith
upon the land being given up to the contractor. The au-
ditors state in their report that the liabilities of the
company are in course of reduction, and they see no
reason why the whole amount should not be easily de-
frayed from the powers possessed by the company; that
it would greatly improve the value of the whole stock
of the company if the preference and ordinary share-
holders were to co-operate in assisting the directors in
some scheme by which the simple contract creditors of
the company should be satisfied by the issue of the fur-
ther
preference stock at a moderate sate of interest, and
the re-issue of debenture bonds as they fall due at a
lower rate. The preference stock, as well as the ordi-
nary stock, would not then fail to acquire an increased
value, whilst the company would be pieced in a sound
and proper position. The cepital account to the 30th of
June last shows that 2,104, 640/. had been received, and
2,098,6381. expended, leaving a balance of 6,001/. The
company are authorised to raise 1,860,0001. on shares,
and 620,000/. on loans, total 2,430,000/. '11;0 amount of
shares issuer', and loans raised, is 2,115;9791., leaving
powers to raise 361,0211. unexercised. The loan account
shows that 523,574/. has been obtained on mort;age
bonds, of which 56,6001. was borrowed at 6 per cent.
per annum, 441,768/. at 5 per cent , 20,655/. at 4i per
cent., and 4,550/. at 4 per cent. The amount falling due
in 1850 is 221,759/., of which 198,553/. is at 5 per cent.
The revenue account for the half-year ending June 30
states that 52,321/ had been received, and 25,575/. ex-
pended, including HO/. for Government duty, and 61.6/.
rates and taxes, leaving a balance of 26,7461. to pay In-
terest on borrowed money, 12,395/.; on 6 per cent.
stock 8,936/., interest on 10 per (eat. stock, 2,2741.; rent
to Stour Valley Company, 2,00/ ; rent to Stowmarket
Navigation, 5351., and rent to Lark Navigation, 1861.;
making together 26,3271., and leaving a balance of 4181.,
of which 183/. is appropriated to the renewal fund.
The CHAIRMAN, in moving the adeption of the report,
said that in their published statements the directors had
gone so fully into detail that it would he hardly neces-
sary for him to make any observations beyond those
which might he elicited by inquiries put t) him by the
shareholders. All had been of late improving; and
there was every probability that must, if not all, would
continue to improve. The shareholdere would see with
pleasure the improvement in net income during the pre-
sent half 3 thee prev
r , as compared with that of the correspond-
inghalf
would see a progessivgessivee increase in the past year Trite
, equivalent to that which had taken pLca during the
year that had passed.
Mr. MUSKETT said ho wished, before the report was
adopted, to say a word or two on the subject of a report
which had been presented by Mr. Bruff, the company's
engineer. That gentleman proposed to lay out 16,0001.
in the Trowse branch? near Norwich, connecting the
Eastern Union line with the Eastern Counties Nor-
folk lino at Norwich. As the shareholders at present
received no interest, and as there was a large debt due
for land not paid for, he objected to that amount of
money being paid for such works. Then, again, Mr.
Bruff proposed incurring other expenses, which, how-
ever, he said would be trivial, by the removal of the
Ipswich station. With reference to the general meeting
of August 2, he (Mr. Musket° was unable to be present
at the meeting, but he bad ascertained from the news-
paper report that the loan effected mean per cent. was
the act of the shareholders. lie begg to deny that
most distinctly—it was a misrepresentation, for it was
the act of the directors and not of the shareholders. At
the meeting held twelve months since it was proposed
that money should be raised at seven per cent., and it
was afterwards proposed and seconded that eight per
cent. should be given. Mr. Field, an auditor, propcsed
that ten per cent. should be given, and eventually it was
left in the hands of the directors to effect the loan at
any rate between seven and ten per cent. The ten per
cent. was, therefore, the choice of the directors. Then,
with reference to the Stour Valley account', there were
some points on which he wanted information.
Mr. llAwsarNs, a director, reminded Mr. Muskett
that the accounts he referred to were simply matters be-
tween
ehetaa ndtte.stothtocialcotehntSthorter:
IwudrirliVhcceahattlejmirvedyer,r..Company and their contractor,
and over which at present the Eastern Union Company
The CHAIRMAN said, with reference to the 10 per
oppositionecewto?asmr
smsdto.eoi
dns
tdt
hnreeodo
ntvgli to r3elcuosmkmeietnaheadd
tshpaotketnh,ehree
should
not he so large an amount cf interest. One of the au-
ditorsit.nh meltingdirre
.ciwnepsiefraveouuirt"ofanthda
POisinitgiofththaet
justified iinvocmalting x
expressed
etermsdby
tthper,fl
the shareholders.

The report was then submitted to the m3eting., and
carried, only one hand (that of Mr. Muskett) being held
up against it.

_
The retiring directors were re-elected, the board for
the next halt-year be7r47, compoied -of the following
members:—Mr. J. C. Cobbold, M.P., chairman; Mr. S.
Bignold, deputy-chairman; Mr. F. Pratt Barlow, of Ken-
4ington ; Major 13,,.ru‘ford, M.P., of London; Mr. E. S.
Cayley, M P., of Yorkshire; Mr. J. Cohboli, of Ipswich;
Mr. W. Crake, of London; Mr. J. Graystone, of York;
Mr. J. G. Hut, of Stowinarket ; Mr. W. W. Havvkins,
of Colches:er; Mr. R. Williamson, of Scarborough; and
Mr. J. Wright, of Norwich.
A vote of thanks to the chairmin and directors closed
tha proceedings.

BRISTOL AND EXETER.

The twenty-eighth half-yearly meeting of this corn.
piny was held on Wednesday at Bristol; Mr. J. W
Buller in the chair.
Th 3 SECRETARY (Mr. Badham) having read the nc-
lice convening the meeting,
The CHAIRMAN said the meeting had been convened
for a double purpose, principally for the purpose of con-
sidering the busitiess cf the company at its usual half-
yearly meeting, but also with the view of considerieg
the report of the committee of investigation. Ile would
suggest that the proceedings should commence by read-
ing the report of the directorate--(Hear, hear.) If that
was the opinion of the mec ting,l2e would desire the sec-
retary at once to read pro form& the report of the direc-
tors to the me( Ling convened that day.—(Cheers.)
The SECRETARY- read the report, which stated—
" The gross traffic receipts upon the railway from the
let Of January to the 30th of Jure, 1850, amount to
97,9401., and the working expenses during the same
period to 45,452/, or about 46.10 par cent , or 523/. per
mile for the half year on 86 miles of line. The number
of passengers conveyed is 273,851, travelling 7,545,423
miles, and the number of tons of goods is 66.987 tons,
conveyed 2,499,634 miles. The consumption of coke
was for patsereger engines, 33.8:bf. per wile, and for goods
engines, 63.91 b. per mile. Toe locomotive power con-
siete of 20 passenger engines, 8 goods engines, and the
Fairfield engine and parriageno w at work on the Clevedon
branch ; and with tbe view of more economically working
the branches and piloting on the line, five light engines
have been contracted for. The balance of the- revenue
account, including 2,4621, brought over from the firmer
half-3 ear, is 56,3861, which, ef(er providing for interest
on debentures, loan notes, &c., will leave a disposable
balance of 28,365/., and give a dividend of 28s. per 100/.
share, and 94. 4d. per third share, fir the half-year.
This dividend is rather more than equal to 3 per cent.
per annum on the capital called up before the month
of March lret. Tho balance carried over is only
3651; but the smallness of this reserve is the
less objectionable, as the second half of the year
is always more productive than the first, and in
the present instance there have been extraordinary re-
ceipts during the meeting of the Royal Agricultural
Society in July, to the extent of Letween 3,000/. and
4,000/. The arrangement expected to have been entered
into with the Ex tee and Crediten Railway
Company not having been carried into ef-
fect, tho- e six miles of lice remain useless to
the public; but there is rencon to believe that ne-
gotiations may be revived, which may terminate in
an arrangement for working the line on the broad gauge.
The goods-eh:2de, engine-house, and other buildings
lately elect :el at Pyle-hill, atFord sufficient accommode-
tion for the traffic of the line; end plans are in couioe
of preparation fir extending the lecometive repairing.
shops at Exeter, and for building, booking, and general
offices in Bristol. The directors are not aware of
any other reseezial outlay likely to arise for the traffic
of the line, uclees it should be determined, on the
completion of the electr:c tel graph between London,
and Brh-tol, to continue it to Exeter. Tne chain of tele-
graphic communication would then be uninterrupted
from all parts of England, through Misted to Piyutouth.
Tee late deputy-chairman, Mr. John Browne, having
resigned, the number of the board was reduced
below the minimum prescribed by the Acts of
Parlianient, and Mr. Francis Fry, a gentleman long and
well acquainted with railway affairs, has been elected in
his stead. The directors believe that the period is not
ar off when they will be able to issue a preference stock
at feuriper cent., to cover the debentures and liabili-
ties. The directors would reconirnend confirming the
loans already accepted, and approving any others
that may hereafter be obtained at four per cent. to-
wards providing for a large amount cf deben-
tures and loan notes which will fall due next year. The
balance in the bankers' hands on the 30th of June was
13,5421, and the total balance of the general account,
including the South Devon and other shares, So., was
380,834/. The arrears on calls at the end of June last
amounted to 45,2271. Since then they have been re-
duced to less than 35,000/."
The audited statement of accounts was likewise sub-
mitted to the meeting.
The CHAIRMAN then said it would now be for any
member to move the reception of the report of the com-
mittee of investigation, and then they could proceed with
that inquiry.
Mr. SILLIFANT, the chairman of the committee of in-
vestigation, said that, without saying anything that was
harsh or di; agreeable, he must be allowed to observe the
system adopted in past years was not such a one as was
satisfactory to the shareholders, and he believe I their
best interests were involved in amending that system
The committee had had great difficulties thrown to the
way of their inquiry, not the least of which was the re-
fusal of the it secretary to produce document after docu-
ment, and doubting whether they were not exceeding
their duty. There was one point to which he wished
specially to call the attention of the meeting, and that
was that the committee were not responsible for the
statements which had been laid before them. He dis-
claimed the attempts which had been made to put this
inquiry upon the footing of a personal question. The
charges against Mr. Brownie had been disposed of by the
directors themselves, who had c ease to a resolution that
it was not desirable in future to elect to the board any
gentleman who was a carrier cn the line. They dis-
missed the charges against Mr. Browne with the simple
remark that they thought Mr. Browne had exercised a
wise discretion in retiring from the board, and they fully
agreed with the directors that no carrier should be eligi-
ble to serve on the board. The committee, therefore,
had gaired their point by Mr. Browne's resignation.
The report of the committee of investigation alleged
that the finance committee was a secret committee. The
directors' answer was plainly that it was not a secret
committee. Titre:, was an issue %fah could only be tie•
cided by an appeal to the evidence. Tho storekeep is
department demanded more supervision; it was a point
not touched on iu the answer of the directors, and he
thought the attention of the shareholders should be di-
rected towards it. Another point ha would notice was
the resid, ace of directors at a distance from the line,
which involved an outlay last half-year for travelling
expenses of 133/., and this half-year of 63/., which he
thought ought not to have been incurred when 1,230/.
a year was allowed to the directorate. He then ad-
verted to the power given to the secretary to draw
cheques.

'lie Ciaarnaraw explained that the money. f)r which
tau
ee
hstacnrkteafurry
adrpeawrzcielpitieu,tqarurespnwrapsnse,
Mr. Daveysry placed to his credit at
and it could only be
useisalrb.ytituiFfoareiTtlsa:id this was really the point at issue.
could not deny that he paid
lie:thought the secret
The SECRETARY said that.
with authority
th e r
af ri ,l;wma
railway
the
h
cheques to a
since a Mr. Watson
oWhaatdsobae?wnicthoonuntecatueyd
for a single sixpence without eboahraddanndever drawn a single cheque
directors. Ile denied any tho approbation of the
such allegation in tad. The
cocain sum . of money. placed at his
fact was there was a
anddisposal aoto thebook
w nbnalndkp, insteadrnv asufficient
its being put into a b )3r,
any misappropriation of theu money. Ile must he al-
lowed to s ,y that it would be quitewtth impossible to carry
etent safeguard aga.nat
qayees for amounts of a limited
oandissuceihetiaoini atoffradirraaws
iangracihlwt
hear.)
directors, that no banker
out some ono having
ci x;
Mr.t tn, t.l,—R(llrlre
,i 1
oner, h
bitel%o.anagi:‘igg
nteodthe y companythrn tWould i
directors.
c to
rc any
Thecheq
secretary
r.uentlaersys
drew those cheques in his own name, and not in the
why then
thenother
name of the coin' any.
company
tindyf
t t
Mr. SILLIFANT said, if such were the ease
the board and the committee were agreed. .i. im-
portant fact was that the corporate,s_eaul,onfoo
and it might be used for purposess
had
shecnernar).
hitherto, allowed to remain in the
n tiThernevol .wave
agreement
and
ing the interests of the company:.—rie
an important document purporting to be an
between the Bristol and Exeter Railway Company
the Great Western Canal connected with the sidingat
Taunton, which bad the seal of the company affixed to
it, and the secretary, on. being asked, said he could find
no order or minute of it in the books. -
A great deal of warm and noisy discussion followed
on this subject, which was terminated by the chairman
explaining that the fact was, the, agreement alluded to
was made in London with Mr. 1 averner, solicitor of the
Great Western Company; it was done at a time when
the director:, were engaged in Parliamentary business
It was thought necessary the agreement should be com-
pleted at once; the corporate seal of the company was
sent for, and attach€d to the document in his (the chair-
man's) presence.—;hear, hear.)
Mr. SILLIFANT said, the next point, he had to urge on
the meeting was in regard to the duties of the auditor,
Mr. Seccombe. Ile enlarged on this topic, his principal
complaint being that he had not the power of disallow-
ing any items of which ho disapproved. Another gross
thing he had to complain of "a`, that in the half-yearly
accounts the amounts stated to be paid for the purchase
of the Taw Vale, the Exeter and Crediton, and the
Glastonbury Canal shares were put down at 28,857/.,
whereat they really cast 31,5151.; and there was another
fact the ince.ing perhaps was not aware of— that some
of the directors of this comp an home of their
shares to the company. lie also under ad sold
sstood that Mr.
FlEtcher, their former auditor, hadohjec:ed to the in-
vereinent accouet when it renehlqi 70,060 t, which stood
in the secretary's name. He concluded by proposing
,hat the report of the committee be received and ap-
proved.
:
M. Ann ',TT proccede.d seliati!n to combat the state-
ments m :de by the chairman of the coneknLteo of inves-
tigation, and charae:erised the whole proceedings of the
committee, amidst much uproar and confusion, as trivial
and ridiculous, The real question was, whether the

directors were possessed of their confidence, and whether
they would strengthen their hands, or whether they
were not entitled to their confidence in mana.'ing their
property. IL also reprobf,ted the c•nuluet of the com-
mittee in 'taming to examine the b )oks A hrn offered
them, alleging that they bad Owed thtir report. If
they bad been serious and the miller was of such im-

portance as had been represented, they would still have
Bono into them. Mr. Abbott coneluded.by moving ai
an amendment:—

" That this meeting having cmiidered the report
of the committee of investigation and the answer
thereto by the directors, feel it incumbent 03 the pro-
prietors to thank the committee for the time and trouble
they had devoted to tha report, and at the same time
they emphatically express their entire, confidence in the
integrity and honour of the directors."—(Cheers.)
Mr. AVERT said ho would ask whether the report
was such a document as would compensate for the state
of confusion into which they had been Oro mu. Ile
hoped the result of the poll would be an entire confidence
in the directors, that their line might be placel in that
position in the market which it deserved.—(Cheers.)

After some digcusgion and much confusion,

Mr. BADFIAM, the secretary, proceeded to read the
letters, which con3isted of a correspondence bvtween
him (the secretary) and Mr. R .bert Fletcher, account-
ant of the company, and which passed b 1843. Mr.
Fletcher, it appeared, reqacsted some explanation of
the sum for ihrestmant stsnding in Mr. Badhaw's own
_ .

name its the books of the Bristol and Ex.cttr company,
amounting t) 76,6981. 7s. 31. On the recommendation
of the finance committee, the secretary instruct-d Mr.
Fletcher to continue to make up the accounts in the
usual way, leaving the sum of 76,6981. 7s. 31. to the
debit of the secretary. Mr. Fletcher consi'lered he
could not do this and act consistently, if he did not re-
linquish his situation as the accountant of the company.
He thought it RH improper thing that this turn of
money should be allowed to stand as it did in Mr. Bad-
ham's name.
•
Mr. ROWLEY proposed that the two re s Autions which
had been put before tho meeting should be passed sepa-
rately as two substantive motions. ll© could c )ncur in
thanking the committee for their labours, and he could

also receive and adopt their report, but be must also
concur in the vote of confidence in the directors which
had been proposed by another gentleman.
Mr. Lovrnoten criticised the way in which leading
questions had been put to Mr. Haricot, and the tarifF
put forward by that gentleman as superior to the previ-
ous tariff, which existed at the time when Mr. Browne
sat at the board. As an instance, in the last month their
coal traffic had been 536 more tons than in the same
month in 1849, and the revenue far carrying that greater
quantity had been 361. less.
Mr. FRIPP said Mr. Lovibond was wrong in his
' figure?.—(Cheery.)
Mr. LON-lE3ND said at the last meeting a gallant
Major Gudfery had observed that figures could not lie,
but it seemed now that they did. However, he would
rather not be iutsrfered with. Ile did not quarrel with
the shareholders for adopting the a'sstract proposition
that it was undesirable for any director to he, a carrier
on the line. Mr. Browne had no desire to return to the
bard, but he did desire to have his chaiac:er cleared
from the imputation that had been cast upon him, and
-he asked for some vote of the proprietors in their ag-
gregate number, since the committee had neglected
their duty in ahs!tt 'cling from the inquiry for which
they e•ero appointed. The Honourable I'roprietor then
went into the charges made against Mr. Browne at the
last meeting for the purpose of r,futing them in much
the same terms as Mr. Browne used as his explanation
on that occasion. Ile said Mr. Ca-tell had made
a charge against that gentleman which ought never to
have been mad •. He lad charged that more land had
been purchased of Mr. Brown than was regain d for the
aurdin world, and that an extravaga,et price hail been
paid for it. The allegation was that Mr. Brown, b.-ing
possessed of great influ -ince at the board, had led Mr.
Townsend, the company's surveyor, to place t'.at valua-
tion upon it. Now, Mr. Castel! ought to have called '
upon Mr. Townsend, and he would have given to him
the explanation. Now, this is the answer : that, taking
the whole of the land from Bridgewater. bridge Rail-
way, Mr. Brown's was the lowest price of all; and it was
evident that the charge did not exist, and never had
existed, except in Mr. Castell's imagination, or of those
who set him on. Then Mr. Brown was charged with
supplying the contractor at Tiverton with bricks, but he
did not know why a man, if he was a contractor, should
not send to Mr. Brown's yard for bricks. The hon. pro-
prietor concluded by calling for a verdict ou the ques-
tion. He was satisfied that that verdict would be an
honourable acquittal on all the charges alleged against
Mr. Brown.

Mr. BERNARD, as one of the committee of investiga-
tion, would say that, so far from being afraid of joining
issue with Mr. Brown, they had given a verdict, and that
verdict was that Mr. Brown is guilty. They ha l taken

the evidence, and had laid it for more than a month
open to the public inspection, and it had proved almost
every charge. The charges were laid b- fore them in
writing, some 28 or 29 in number; but they had reduced
them to 11, the three others, making Mr. Levibonel's 14,
were not gone into; the charge about the weigbing of
the coals was not gone into became they had not any
weighing engine. Out of the eleven chargeg, eight were
distinctly proved, and Mr. Brown was fully convicted of
using the railway for his own purposes. As to putting
the points out of order, it was not as Mr. Lovibond had
said, because the siding was to be Isfc, fur that siding
was afterwards closed by resolution; and upon this
matter they took the evidence of Mr. Gregory, their head
engineer, that there was danger of lice and limb upon
the passing of every train, and that the moment he heard
of the points being damaged, ho had travelled from
London to repair them, and that Mr. Brown had wished
him not to repair them; and what was this for but to
oppose his rival? They had had Mr. Brown before
them, and Mr. Silifant, the chairman of the committee,
told him that they sat there as a grand jury, and it was
his painful duty to acquaint them that they considered
eight of the charges prima fuels proved, but that they
were ready to hoar anything Mr. Brown wished to say
upon the matter. Mr. Brown was Examined for nearly
two days, and the result was that it only confirmed the
evidence against him.
Mr. M. CASTELL said it was known to the directors
that he had come to that meeting with the determination
to remain a silent listener to the proceed cgs which
were going forward, and he should have pres.-rved that
determination and should not have taken any Tin in
the discussion but for the unfair manner in which ho had
been attacked by Mr. Lovibond. When he became a
dire( tor ho had handed over the charges to the committee,
and had never seen them since until to- lay. They
asked him what was the cause of his unparalleled hos-
tility to Mr. Brown? He had no ho flity to Mr. Brown,
but be brought them forward as cheirman of a com-
mittee, being compelled to di so. Mr. Lovibond had
charged him also WI getting himself int ) the directorate.
Ile had not done se; he had never asked for a vote, and
he would retire the moment they vvisht d him to do se.
Mr. Monaes deprecated the proceedings which had
taken place, as calculated to prove highly deteitneutal
to the best interests of the company.
Mr. KING said he ha l been appointed ore of the com-
mittee cf investigation, and had felt it to be his duty to
withhold his signature from the report. He thele'ore
begged leave to state his reason for doing so. With re-
gard to the paragraph regarding Mr. Brown, Ic cer-
tainly dill give his consent to it, but it was with great
pain. In the report it was said that Mr. Brown had
never paid the siding charge of 81. per ton, but at the
very time the commitLe had before them the resolution
of the board that the Taunton siding should le free.
Then, again, the report said that Mr. Harriett stated
that Mr. Bedham said that it was the wish of the chair-
man that he should withdraw his report, and that it
would be for his personal interest to do so, in fact a
bribe; but there was no evidence, as he thought, to
prove this or to warrant that Paragraph in the report;
and while upon this he would remark that he saw no
hesitation on tile part of Mr. Harriett to give his evi-
dence, but ha seemed delighted to give it, us if he was
crushing his foe. They would have the shareholders be-
lieve that the evidence was extorted. Ile could not help
thinking that there had bean a conspiracy among some of
the offiehlejo get rid of a very useful member of the board
Then there was a paragraph in the report which com-
plained of the expenditure in the wet kshops when com-
pared with the South Devon; he hai, however, gene
into this, and he found the difference of their wages,
tic., greatly in favour of the Bristol and Exeter, anti the
weekly average expense of each carriage was 3s. 2 1. on
the South Devon and Is. Id. on the Bristol and Exeter.
These were some of the reasons why he could not sign
the committee's report. Mr. Harriett hat sought for an
increase of salary, but this was opposed by Mr. Brown,
and this, be thought, was the cause of Mr. Harriott's
animosity to that gentleman.
The Cneertmeet said he could assure Mr. King that
what he bad stated was not the fact.—(Great uproar.)
The resolution to increase the salaries in the aecount-
ant's office was carried out by a large mejority, but Mr.
Fripp and Mr. Castell were dissentients.
A good deal of angry discussion followed, and upon
a division taking place, the amondmeat voting cenfi-
deuce in the directors was carried by a majority of five
to one. _ _ _

The report was then. adopted, and the d:vid nd
de-
clartd, and thanks having been voted to the chairman
and board, the meeting broke up, having occupied eight
hours.

LEEDS AND BRADFORD.
The report of the directors presented to the half-yearly
meeting at Leeds yesterday states, the director% have no
hesitation in saying that there is no foundation fur the
attenspts which have been made to impugn the validity
of the lease, or for the imputations which had been cast
on those gentlemen who wore members of both board/.
The directors deny, in the most emphatic manner, that
any deception, mi,repretentation, surprise, or conceal-
ment whatever, was practise], either on the Midland
hoard, or on the Midland shareholders; and they are
cAnpellud to rut.lie this denial in general terms, Ix cause
amidst the many vague and svroepiug charges which
have been made there is nothing sp(cifie or tAtigible.
4
Tae lease was unanimously recommended by the Mid-
land directors in their half-yearly upon in July, 1846;
the terms were most explicitly stated in resulations mne-
tient d by more than nine-t.mths of the special meeting of
thoseM resolutions,iciland shareholders, helddy n
g o n
all th
et
h2esth particulars,o f Jyu l
6;
here
thou sent by post to each individual Midland shareholder;
emb
o

the document was prepared by two eminent counsel, in
accordance with those resolutions; and three months
afterwards, nu the 28th of October, 1846, a second
special meeting of Midland shareholders approved of the
lease, and affixed the seal of the company by an unani-
mous vote. As to the fairness of the terms—when the
lease was agreed for the line was unopened and untried;
its value was, therefore, matter of estimate. It could
only be judged of by the circumstance of the Midland
line then paying 7 and the Manchester and Leeds 6 per
ce-it., and by its being known to pass through a district
almost unexamplel for population, Weald), and industry.
The Manchester and Leeds Company had offered for it
terms believed at the time to be equal to 11 par cent.
The charge that the same parties were both buyers and
sellers is wholly unfounded; for the contract on which
the lease was based eras the act of the shareholders of the
resretive companies at meetings specially convened for
that purpose. The proprietors have a right t..) know that
Mr. Carbutt, who has been most active in the recent at-
tempts at repudiation, and who has a seat
.at the Midland
board, was n, t only an original shareholder in the Leeds
and Bra Hord line, but was also a shareholder at the
time of the lease. The directors recommend that the
u.ual dividend of 2/. 103. per share (less income-tax) be
declared.