The Sun.
London, England, 1850-02-28 00:00:00

. rr.t,
N°.17,919.] LONDON, THURSDAY $, 1,,! 17 • G N 7 FEBRUARY 28 1850,

PUBLICATIONS.

4 INSWORTII'S MAGAZINE
FOR MARCLI No. XCVIII.

GUY FAWKES.
By W. HARRISON AINSWORTH, F.sq.
With Two Illustrations on Steel by George Crulkshanic

IL The Young Opera Singer. By Melt,las lllchell.,—ll Zig-zA
to Paris and Straight home.---I V. The Countess de Ititfoist:pit.-- V
Sly First Dinner.—.Vl. Jacob Van der Neess.--Y If. Tomb
stones and Burial-places of the Germans.--VIII. The Confederate
—IX. The Last Monicalts of Falstlff.—.X. The Ruins of Zahringen
—XI. Theatres, Pro and Con. By E. P. ltowsell, E.q.—XII. Val
darno.

Chapman and Hall, lgtl, Strand

Price 2s. Gd. ; or by post, 35.,

THE DUBLIN UNIVERSITY' MAGAZINE
for MARC II

CONTAINS :--
Absenteeism Its Social and Economic Effects on Ireland.
Bertha's Cross. A Story of the ➢fiddle Ages.
Irish and Danish Antiquities.
Random Records of a Rain de In the East.
Rev. G. S. Faber on the Origin of the Round Towers.
Annalists of the Revolution—Popes,
The Price of Blood. A Story of Gold.
Irish Theatricals of old.
Giraldus Cambrensis.
Law Reform.
Dublin: James 3P(llashan, 21, D'Olier-street. Win. S. Orr and
Co., 147, Strand, London. Sold by all Booksellers.
T I 1 B

ART-JOURNAI
No. CXLI., FOR 11ARCII, 1830.
CONTENTS.
THE ILLUSTRATIONS.

1. A SYRIAN MAID. Engraved on Steel, by S. Sangster, froth
the Picture by H. W. Pickersglll, ILA., in the Vernon
Gallery.
2. THE LAST IN. Engraved on Steel, by J. T Smyth, from the
Picture by W. Muiready, it. A., in the Vernon Gallery.
3. VENICE.—THE GRAND CANAL. Engraved on Steel, by T.
S. Prior, from the Picture by J. M. W. Turner, ILA., in the
Vernon Gallery.

1. Art-Manufactures in the Classical Epoch. Hammered Metal
Work. By Dr. Emil Braun. Illustrated.
2. The Four Seasons. By Emil Wolff. Illustrated.
3. On the Applications of Science to the Fine and Useful Arts.
Chemistry of Organic Colours. 1, Carmine p:d Lakes. By
Robert hunt.
4. A Syrian Maid.
5. Art in Continental States.—Rome—Germany—Paris.
G. The Exhibition of Works of Industry.
7. The Last In.
8. A Dictionary of Terms in Art. Illustrated.
9. Pilgrimages to English Shrines. The Grave of William Penn.
By Mrs. S. C. Hall. Illustrated.
10. Original Designs for Manufacturers. Illustrated. -
11. The British Institution. Exhibition —IBSU.
12. The Attacks on the Royal Academy.
13. Correspondence.—The National Pictures.
14. Art In America.
15. Venice.—The Grand Canal.
16. Foreign Copyright.
17. Ohltaary.-IZ. R. Faulkner.
[B. Minor Topics of the Month.
[9. Reviews of Published Works.
Publisher, George Virtue, 25, Paternoster-row.

PEACE AND WAR !-THE PRIZE TALE.

This day is published, elegantly bound, gilt edges, with Six Coloured

Illustrations by Gilbert, price 3s. 6d.,

THE SOLDIER'S -PROGRESS ; or, the Life
of George Powell, by SARAH SYMONDS, which obtained

the Prize given by the Proprietors of " The People's and Howitt's
Journal," for the best Tale descriptive of V,e Horrors of War.
The MARCH I'art of " The People and Howitt's Journal" is now
reedy for delivery, price 7d.
London : Willoughby and Co., 22, Warwick-lane, and 26, Smithfield.

This day is published, Bvo., 21s. cloth

0 KE'S MAGISTERIAL FORMULIST, being
a CoaapMc Collection of Magisterial Forms and Precedents
for practical use in all matters out of Quarter Sessions, adapted to
the Outlines of Forms in Jemis's Acts, 11 & 12 Viet. cc. 42, 43, with an
Introduction Explanatory Directions, Variations and Notes, brought
down to 12 & 13 Vict. By GEORGE C. OKE, Author of " The
Ma.tistet*,Synopsis."
lrrise Mloite is intended as a Companion to " Oke's Magisterial
Sp) psis," and may be used with that er other Books of Magisterial
Practice.
Henry Butterworth, Law Bookseller and Publisher, 7, Fleet-street.

PjlliE NICOLL PALETOT, or Patent Coat ;
It and the original invention, the Registered raletot (6 and 7
Vict., cap. 65). The West-end WarerOoms for the sale of these
graceful and useful articles of dress are in Regent•street. and extend
from No. 114 to No. 120, inclusive ; and those in the City are at 22,
Cornhill, the Shipping Department being in the rear—viz., 'Change-
alley.

Many have assumed the use of the word FALETOT, hut H. J. and
D. N ICOLL arc the solo Proprietors and Patentees of the design or
material.

The prices are One, Two, and Three Guineas, and according to
the climate or purpose for which they are required.

"lOW to KEEP a HORSE for LESS than
ONE SHILLING per DAY, and make tho animal look
better than when paying, 12s. and 14s. a week. Coasider the enor-
mous saving in these hard times—times of cheapness.
apply personally, or by letter, at MARY WEDLAKE and CO.'S,
118, Fetich nrch-stree t, Oat-bruising and Chair-machine Manufactory.
Established upwards of Forty years.

PERFECT FREEDOM FROM COMMIS IN TEN MINUTES,
IS INSURED BY
DR. LOCOCK'S PULMONIC WAFERS.
From Mr. John Williams, surgeon and chemist, llorseley-
heath, Tipton :
" Gentlemen,—The good effects of your Dr. Locock's Pulmenic
Wafers, in cases of Asthma, obstinate coughs, &c., aro truly
astonishing. I do not know of a single instance of failure. I can
forward you a list of highly respectable and important testimonials,
&c., I am, &c.,
JOHN WILLIAMS."

. . ------.
I)r. LOCOCK'S WAFERS give instant relief and a rapid :cure
of nathmas. coughs, and all dis•rders of the breath and lungs.—
Price Is. I y 6., 2s. 9d., and l Is. per box.—Agents : Da Silva and CO.,
I, Bride-lane, Fleet-street, London ; and sold by all modieine
vendors. Also,

Dr. LOCOCK'S FEMALE WAFERS, the only remedy recom-
mended to be taken by females.—Price ls. 14ct., 2s. 9d., and lie.
per box. BEWARE OP IMITATIONS IN THE FORM OF
PILLS!

Just published, price 55., Bvo. In cloth,

TRICTURE of the URETHRA; its Patho-
logy and Rational Treatment, with important Practical Ob-
servations on the Use and Abuse of Instruments In the Treatment
of Obstructions of the Urinary Canal ; showing how it is that Stric-
tures, in most cases, net only resist, but are aggravated by the ordi-
nary means adopted for their cure, and at length become seriously
complicated by the so-called " consequences of Stricture." The
whole illustrated by numerous cases, which will be found to embrace
every possible form of Stricture and Its consequences, together with
appropriate means of cure.
By F. It. COURTENAT,
Those who are labouring under long-protracted stricture, with all
its accompanying miseries, will fled detailed in this work modes of
treatment adapted to such cases, the efficacy and superiority of
which have been tested by repeated practice; whilst those who
are suffering under the less severe forms of the disease may find
the means of prompt relief, and at the same time such information
as will protect them from becoming the victims of unskilful and
v'olent treatment—the mainspring of severe and complicated ob•
etructions of the urinary canal. " The operation of introdlyzing a
catheter through au impermeable stricture is, without doubt, the
most difficult in the whole range of surgical operations, and de-
mands all the prudence, science, and skill of a master. The art
can only be acquired. and that gradually, by frequent practice."—
Liston's Operative Surgery.
Published by H. Bailliere, 219, Regent-street ; and may be lad
of all booksellers in town and country.

THIRTY-FIRST EDITION.

Illustrated by 26 Anatomical Colourud Engravings on Steel.
IN PHYSICAL DISQUALICATIONS, GENERATIVE INCAPA •

CITY, AND IMPEDIMENTS TO MARRIAGE.

row Edition, enlarged to 196 pages. Just published, price 2s. 641., cr
by cost, direct from the Establishment, 3s. 6d. in postage stamps,
PHE SILENT FRIEND, a Medical Work on
the infinolties and decay of the generative system, from ex-
,essive indulgence, infection, and the inordinate use of nierenry,
With remarks on Marriage, and the means of obviating certain dlz-
tualitlcs.tions. Illustrated by 26 Coloured Engravings. By- R. and
G. PERRY and CO., Consulting, Surgeons, 19, /dermas-4 Lreet, Oz-
ord-street, -14ndon. Published by the Autkors : sold by Strange,
21, Paternoster-row Hannay, 63, and Sanger, 150, Oxford-street ;
3tarie,23, Titchberne-street, Haymarket ; and Gordon, 146, Leader:-
tsall-street.

PART I. treats of the anatomy and physiology of the re-productive
vgang, and is illustrated by Six Coloured Engravings.
PART 11. treats of the consequences resulting from excessive indul-
gence, and their lamentable effects on the system, producing mental
nd bodily weakness, nervous excitement, and generative ncapacity.
Ellustrated by Three Explanatory Engravings.
PART 111. treats of the diseases resulting, from infection, either in

1 primary or secondary form, and contains .xpllcit directions for
their treatm•ent. This section is illustrat& by Seventeen Coloured
EngraTinge.
['ALT IV. contains a Prescription for the Prevention of Dunk,
by a simple applicatien, by which the danger of infection .s of -
viate.l. This important part of the Work should no qsc•}o the
eadur's notice.

Pm 1. is devoted to the consideration of marriage, and its
duCes. The causes of unproductive union are also considered, and
the whale subject critically and philosophicall,, inquired into.
Triak.:oantar. BALM or SYR:scum is exciusi;—.ly employed in treat-
ig nervous and sexual debility, impotence, sac., lie. and 335. per
Ittle. The Concentrated Deters] to Yssenee, aA anti-syphilitic
remedy, for purifying the blood 1- cases ofinfection, secondary *nip_
toms, eruptions, and the abuse of rr.".-cury, I Is. and 335. per bottle.
Perry's Purifying Specific Fills, as. lid., 4a. 6d., and I Is. par box, a
certain remedy for gonorrhoea, sleet, staletnre, and chronic Intl amnia-
len of the bladder. ,onsultation fee, if by letter, 11. A minuti•
detail of the case Is required: age, habits, and position hi society.
,1 Packets', witk advice, to bo had at the Establishment only, by
el I,:b I 7., I” raved. Messrs. Perry, Surgeons. are in att.-,
dance daily at 19, Bernors-street, Oxford-street, London, from Ele-
ven till Two, and Five to Eight ; on Sundays from Eleven to One.

The Austrian Government is about to send a sci-
entific expedition into Central Africa, under the dire°
tion of Baron Jean Guilliaume de Muller, the learned

linguist, who has already made two journeys into that
country. Ile will be accompanied by M.'Altred Brehm,
the z)ologist; M. Oscar Brehm, the chemist, and M.
Viesthaler, a physician, of Ccethen. The members of
the expedition will assemble on the banks of the lake
Birk. e!-Karoun (Mteris) in Upper Egypt, from whence
they will go by the Red Sea to Souukin, and thence to
the north of Abyssinia, which will be tho principal ob-
ject of their voyage. They will embark on the river
Bien, and follow its course, and will endeavour, if pos-
sible, to rk ach the sources of the Nile and of the White
River. The Austrian Government intends to establish
commercial relations with Abyssinia, and in case of need
to found a colony. M. de Muller has just received the
appointment of Censul-General of Austria in Central
Africa.

LORD Goneu.—Yesterday morning Lord Gough,
accompanied by his son, Captain the Hon. George
Gough, called at the Horse Guards, and had aninter-
view with Lord Fitzroy Somerset, Military Secretary to
the Commander-in-Chief. His Lordship subsequently
went to the office of the Board of Control, and hadi an
interview with Sir John Hobhousd, President of that de
partment of the Government. Returning home, the
Noble Lord entered his name in the visiting book of his
Royal Highness the Prince Consort at Buckingham
Palace, and left his card for the Premier at his residence,
in Chesham•place. During the day his Lordship was
honoured Is ith personal calls at his residence, in Upper
Brook street, by the Lord Chancellor, Sir Robert Peel,
Sir John Macdonald ( Adjutant-General), the Marquis
of Londonderry, Viscount Mahon, Lord Fitzroy Somer-
set, &c., with several of whom he had interviews. Lord
and Lady Gough left town at five o'clock yesterday after-
noon, to pay a visit to their daughter, at Bath.
DEATH OF MR. HOPE JOHNbTONE. This gen-
tleman was well known on the northern turf. He has
long been famed as a very dashing rider in steeple..
chases, especially at Eglinton Park. About a year ago
Mr. Johnstone bad a fall backwards over a sunk tt,ece,
when on the look out for poachers, which injured hi;
spine to such an extent as to
.almost entirely confine
him to the sofa.—Carlisle Putnot.

EASTERN COUNTIES RAILWAY.
The twenty-seventh half-yearly general meeting of
the shareholders of this company was held at the London
Tavern, Bishopsgate-street, yesterday, at one o'clock, for
the purpose of receiving a report from the directors of
the progress of the undertaking, and for the traniation
of other busines?.
Lang before the hour of meeting the large room and
the gallery at the foot were crowded with shareholders.
At one o'clock, Mr. Edward Ladd Betts was calliql to

the chair.
The SECRETARY proceed to read the report of the
directors a, fellows:—
" Upon meeting the shareholders at the end of the first
half-year that this board of directors have been in office,
they must rec il to the remembrance of the proprie-
tors the state of disorder in the affairs of the company
at the time when they were elected in July last. That dis-
order had, as a first measure, to be rectified—the company's
credit to be restored—and new arrangements to be method-
ized, to enable the directors to judge how traffic could be
best developed and expenses reduced. The board have by
incessant labour done their utmost within so short a period
to plac.: matters in train for future and further amelioration ;
and encouraged by the confidence of the proprietors,
they yet hope that their exertions, and those of all persons
connected with the company, will lead to an improving re-
venue and decreased expenditure. The present board can •
not be held responsible for the past, and they have deter-
mined to represent the undertaking in the accounts now
exhibited to the meeting and in all future accounts in its
true condition without the slightest attempt to overstate its
merits cr its powers. This course of proceeding will be
best calculated to place the property of the company on a
solid basis.
"For the purpose of overcoming the large arrear of busi-
nes left for the board to arrange, and in order to superin-
tend, closely and effectively, the daily work to be done in
every department of the company, the directors formed
themselves into four working committees for the separate
direction of traffic, accounts, stores, and engineering, includ-
ing the locomotive department. A joint committee for the
transaction of business peculiar to the Norfolk Railway was
also formed, in accordance with the agreement between the
two companies, consisting of four Eastern Counties and
three Norfolk directors, and is acting at present without re-
muneration to the Eastern Counties section of the com-
mittee.
"The results of the past six. months' working of the lines,
in receipts and expenditure, paid or incurred, are fully set
forth in the accounts which have been published and distri-
buted amongst the proprietors. These exhibit that the
receir ts, when compared with the corresponding half-year of
1348, have slightly increased. The expenses have been kept
down as much as hitherto practicable. To compare them
with the charges for the like period of 1848 would be erro-
neous, as, in the opinion of the Committee of Investigation,
the latter were not stated correctly. Besides which, the
revenue accounts of the board for the past half-year ex-
hibit and debit all the expenditure incurred during that
period, whether actually paid or not, a system of accuracy
which was not adopted in the former balance-sheets of the
company.
" None of the capital has been treated as unproductive,
and the whole of the interest upon guaranteed stocks and
debentures, is, therefore, for, the first time, charged against
revenue.
The directors have debited the revenue of the past half-
year with every expense to which it can justly be considered
liable, and it will be observed that the charge upon it for the
renewal of locomotive engines, carriages, and waggons, hav-
ing accrued due, but not actually paid, is taken into account.
Tile amount charge 1 against the revenue of the half-year for
the renewal of engines and carriages worn out is 11,9501.
The stun of 16,0002. has been set apart for the renewal of the
permanent way and works, and carried to the credit of that
fund, according to the resolution of the proprietors.
"It is proper, likewise, to draw attention to the fact, that
the interest payable to the Northern and Eastern Company,
on their quarter shares, has been diminished to the amount
of 1,267/. per annum, from an amount of capital hithertie
temporarily entitled to six per cent., being under the agree-
ment of amalgamation reduced to carrying five per cent.
"'The entire revenue of the half-year has been 424,578/.
15e. let., of which 69,294/. 4s. 9d. have been earned upon the
Norfolk Railway. It was the wish of the proprietors at the
last meeting to have the receipts of each company kept se-
parate, and this has been done. The charges for mainte-
nance of way have also been kept separately, but it is im-
practicable to preserve any separation in the locomotive ex-
penses and in the great bulk of the carrying and general
charges.
" rhe working expenses, disbursements and charges
against the half-year amount to 372,620/. Bs. 11d., leaving
net 51,9581. Os. 2d. to which the surplus of 9761. Os. id. after
paying the last dividend must be added, making a ba-
lance of 52,934'. Os. 3d.
" The directors have therefore to recommend a dividend of
three shillings per share upon the Consolidated Stock of the
Eastern Counties Company ; and the payment to the Nor-
folk Company, in terms of te agreement between the two
companies, of such a sum as shall be sufficient to pay an equi-
valent dividend upon the Consolidated Stock of the latter
company.
"The professional accountants have not yet completed their
examination of the account of the capital expended, and in
consequence the board have been unable to fulfil the pro-
mise made in their last report that a full statement
of the company's expenditure on capital would be furnished
previous to the present half-yearly meeting. The proprietors
are referred to the report of Messrs. Quilter, Ball, and Co.,
on.ehis subject ; by which also they wilt fiace that a sum of
2,5331. has been recovered for the company. At the same
time, the directors being able to estimate the outstanding
liabilities, and knowing that no new works have to be con-
structed, except the completion of the junction line between
Sheltorthand Shepreth, more particularly alluded to hereafter,
And the extension of the accommodation at the London sta-
tions, are enabled positively to say that the capital ac-
count shall be closed within the amount stated in the
published accounts appended to this report.—(Cheers )
The utmost further sum requiring to be now raised
is 160,0001., in which sum is included 90,000/. for the
construction of the Shelford and Shepreth line. Probably a
less sum than 160,000/. will be sufficient. But the aggre-
gate of capital mentioned in those accounts will be the ex -
treme upon which interest and dividends will be payable.
That the directors might better acquire a full knowledge of
the liabilities of the company, and arrive at the desirable
conclusion within what sum the capital account could be
closed, they caused advertisements to be inserted in the public
papers, requiring all claims against the company to be sent
in for examination. Many were received; their amount was
not greater than had been anticipated; most of them are in
course of settlement and liquidation, and means will be
taken to bring all matters in dispute to a final determination.
It is intended to take early measures for realising the surplus
lands and other available property.
" Considerable sums have, in former years, been impro-
perly taken from capital, and applied to payments on account
of revenue. Although these were reduced by the proprietors
consenting to forego the payment of a dividend for the last
half-year of 1848, the amount now ascertained by the ac-
countants to be still remaining in suspense is 169,325/. 13s.
9d. This amount must be regarded as a loss to capital, and
be so treated in the company's books, unless the proprietors
shall otherwise determine.
"The unsatisfactory state of the company's preference
stock, in consequence of a large amount remaining unregis-
tered, caused much labour and responsibility to the officers.
The directors have called in the whole for registration, and
nearly all the No. 1 and No. 2 Five per Cent. Stock, and the
New Six per Cent. Preferential Shares have been registered.
The last created Five per Cent. Stock Converted York Ex-
tensions still remains in the form of a debt, bearing interest
in perpetuity at five per cent. The whole amount of this
stock is 43,920/. only. It cannot be registered under the
existing Acts of Parliament, and the directors intend to can-
cel it, either by paying it off, or by the substitution of ter-
minable debentures.
"The financial position of the company is so improved
that the directors have not hesitated to publish in the ac-
counts the actual state of the debenture debt of the com-
pany iu detail.—(Bear, hear.) Its small amount, compared
with the magnitude of the share capital, and of the property
in security, is a matter for great congratulation. There can
be no doubt that the company will not experience the least
difficulty in keeping outstanding this amount of debt, until
the proprietors determine upon discharging it; and that the
renewals of bonds falling due will be effected at a reduced
rate of interest.—(Hear, hear.)
" The directors also hope to reduce by a considerable
amount the rates charged upon the railway, by the parishes
through which it passes. The preliminary step to this re-
duction, is being taken by so keeping the accounts of the com-
pany with reference to rating, as to show exactly, what por-
tion only of the company's property is rateable under the
Acts of Parliament, as distinguished from earnings by the
use and employment of stock in trade not rateable. The
Courts of Quarter Sessions will then be enabled to do the
c mpany that justice, by lowering the rates, which hitherto
it has not received.
" The directors have been desirous to obtain the opinion of
the proprietors respecting the measures that may be brought
before Parliament, relative to the audit of railway accounts,
and although the Bill prepared by a committee of delegates
from the boards of the principal railways has been aban-
doned, they think it right to give the following abstract of
the answers received from their constituents i
" Circulars were issued to all the shareholders, of whom
only '2,219 returned answers. Of these, 1,429 approved of
the Bill; 115 disapproved of it; 620 were in favour of a Go-
vernment audit ; and 5,228 returned no answer.
" It will be remembered that the principal provisions of
the Bill consisted in the appointment of two auditors, to be
named by the shareholders, and of a public accountant, to be
named by the auditors, and that the audit of the accounts
oe
eor
should be continuous.
" This mode of audit had already been adopted by the
Eastern Counties Railway Company, under the present di-
rection. Mr. James Reeve and Mr. William Mayhew have
audited the accounts, and examined them with the vouchers
laid before them by Messrs. Quilter, Ball, and Co., public
accountants, who have had constant access to and continu-
ously examined and audited all the company's books and
accounts, and who have made out the financial statement for
the past half-year. The board found only one auditor
in offie r
it Ms shareholders,r
had
chosenßeeve,
ha
ne wasmd
rt who t
3hhe fittest
ey ctaweodsnat
ssi
pdboaeenrreseenodon
tappointedtothheba tce otmhaes.
i thebi
t proprietors
f investigation,tt the
op
second auditor. The proprietors will be enabled at the pre-
sent meeting to confirm and continue the appointment of Mr.
Reeve and Mr. Mayhew, or to appoint other auditors, as
they may think fit. It is the anxious wish of the board that
the audit of all the company's accounts should be continuous,
scrutinising, and complete; and they recommend that a
committee be appointed by the proprietors at this meeting,
to consist of three or more shareholders, to confer with the
delegates of other companies, and determine upon the proper
measures to be adopted for additional legislation on this
subject.
" The directors of the Eastern Counties Railway Company,
not considering it necessary to proceed to Parliament this
year, in reference to the amalgamation with the Norfolk
Company, and the board of that company concurring in this
proceeding, the Norfolk line has been worked under the
agreement between the two companies, set forth in the last
half-yearly report.
"The accounts between the two companies have also been
so arranged under the same agreement that the Eastern
Counties Company are not under any advance to the Norfolk
Company, nor will they be required to advance any amount
on loan to that company, but merely to pay up the re-
mainder of the purchase looney, which shall be •due by the
Eastern Counties Company for the Norfolk Company's
rollipg stock, stores, &c. The anautult already paid towards

;that purchase money is stated in the capital account.
By the agreement referred to, the Norfolk Company
is bound, in case of no amalgamation taking place, to
repurchase its rolling stock at the same amount of valuation
as now paid by the Eastern Counties Company, under the
award of Mr. Robert Stephenson, and the Norfork Railway
directors have, at the request of the Eastern Counties board,
since consented that the Eastern Counties Company may
hold 25 per cent. of that purchase money in hand, better to
secure such repurchase if it should have to take place.
"Since the 12th of December last, the Eastern Union
Railway has been opened to Norwich, and a portion of the
traffic between that city and London has passed over
the Colchester line of the Eastern Counties. An amicable ar-
rangement has been made with the Eastern Union Com-
pany, which will enable each railway to take and develope
its own proper proportion of the traffic, and the public to
benefit by the increased facilities of travelling. It is diffi-
cult to state with certainty what will be the ultimate result
of a junction so recently formed, but as it establishes a
communication between the towns of Chelmsford, Col-
chester, Ipswich, and Bury, and the county of
Norfolk, and opens a ready way for transport-
ing the agricultural produce of Essex and Suffolk
to the manufacturing districts of the Midland Coun-
ties, by way of Peterborough, it will probably bring upon
the company's liues more traffic going to the north and west
than it will decrease the receipts from the trade coming
southward ; and as the trade taken to the metropolis, in ad-
dition to the new traffic to be thus developed, must pass over
the Eastern Counties Railway, from Colchester to London,
it is obvious that a good understanding ought always.to
exist between two companies whose interests have become to
so great an extent mutual.
" Negotiations have been for some time pending between
this company and the Great Northern for a friendly inter-
change of traffic and co-operation in their transactions,
where their respective lines and branches meet ; and although
definitive arrangements have not yet been made, it is pro-
bable that some course will be adopted by whichl the two
companies shall be enabled to act in concert, and abstain
from injurious competition.
" The Eastern Counties Company obtained powers to make
a branch railway from Shelford, near Cambridge, to Shep-
reth, a distance of about six mile ~there joining the termi-
nus of the Royston, Hitchin, and Shapiatli Railway, leased'
in perpetuity to the Great Northern Company. The Eastern
Counties Company, being bound by an engagement, entered
into before a Committee of the House of Commons to make
this junction, and it being indispensably necessary for its in-
terests that it should be constructed, the lands for the pur-
pose are being purchased and the works will be let by public
contract.
" Some parties are attempting to apply for a Bill in the
present session to construct a direct line from Cambridge to
Shepreth. This unnecessary measure, and injurious to the
Eastern Counties Company, will be vigorously opposed.
" The directors having made two sincereefforts with mem-
bers of the Newmarket Company's board for permanent
amicable arrangements, succeeded in arranging terms with
them ; but their colleagues at that board refused to adopt the
results to which they had agreed.
The Blackwall Railway Company are applying for a Bill
to obtain running powers over the Eastern Counties line. A
similar measure was before promoted by that company and
withdrawn. The directors feel confident that Parliament
will never sanction anything so unjust and so dangerous to
the public.
" The late extraordinary high tides overflowed part of the
Yarmouth and Lowestoft branches, but the damage was
trifling, and has been repaired. The improved drainage and
embankment of the low lands about to be made in these
districts by the landowners, and the elevation of the rails
already effected, will prevent the recurrence of a similar
injury.
" The Lowestoft Harbour will be finished during the en-
suing half-year, considerably below the estimated cost. The
completion of the works is iu the hands of the Norfolk Rail-
way Company. The trade of the port continues steadily to
increase.
" The extension of the branch line from Dereham to
Fakenham was opened for traffic a short time previous to
the last general meeting, and the traffic upon it is as yet only
partially developed; but as this branch opens the way into a
rich and highly cultivated district, it must soon become a
useful auxiliary to the parent line.
" Disputes which had arisen with the Northumberland and
Durham Coal Company, as to the supply of coke, have been
adjusted as regards past transactions, and an arrangement
which, under the circumstancea of the engagements entered
into by the former board is equitable, has been made for
future supply of that important article.
" The board had the satisfaction of an interview with Mr.
Waddington regarding the sum of 1,0001. received by him in
connexion with the Wisbeach and St.lves Company, at
which interview it appeared that Mr. Ws(ddington had re-
ceived that sum under the full impression.that he was en-
titled to it, but preferably to raising any further dispute on
the subject he. agreed to pay the amount, which he has
done.—(lronical cries of "Hear, hear.')
" The directors feel bound to acknowledge that owing to
Mr. Waddington's exertions, and to the time and labour
he bestowed on the company's business in bringing traffic
upon the Eastern Counties Railway, the amount of revenue
obtained is in a great degree to be attributed, and they de-
sire to record their acknowledgment of the assistance and
information Mr. Waddington has at all times been ready to
afford them, without reservation.—(Cheers. )
"A claim for the payment of a like sum of 1,000/., re-
ceived at the same time, by Mr. Hudson—(llisses)—has
been made on him ; he has disputed the claim, and it has
been referred to arbitration.—(Hisses.)-
" lemonstrance,s having been mato to the directors
against the system which has bithertn, been pursued of
granting free passes to shareholders residing on or near the
company's lines, to attend the half-yearly and special meet-
ings, as being unfair, and as giving pecuniary benefits to
some proprietors, to the exclusion of others, the board think

it proper to bring the subject before the general meeting, and
to request that a monition may be passed, either sanctioning
the continuance of the system, or ordering it to be suppressed.
The matter is one which should be decided upon by the ge-
neral body_of proprietors.
"Under the provisions of the company's Act of Parlia-
ment, the directors proceeded to ballot among themselves the
rotation in which two directors should annually go out of
office. The ballot fixed the rotation as follows :—Mr. Samuel
Ellis and Mr. George Reed, to retire in 1850; Mr. John Alex-
, and's. Thompson Smyth and Mr. Thomas Jones Margrave to
retire in 1851; Mr. Edward Ladd Betts and Mr. Joseph
Glynn, to retire in 1852 ; Mr. Thomas Broadbent and Mr.
James Packe, to retire in 1853.
"In accordance with this resolution Mr. Ellis and Mr.
Reed retire at the present meeting, but are re-eligible, and
offer themselves for re-election as directors of the company.
"E. L. BErrs' Chairman."
The CHAIRMAN asked if it was the wish of the meeting
that the accounts should be read.—(" No, no.") He said
the directors bad been desirous, as fully as possible, to
lay before the shareholders a true statement of their af-
fairs. He congratulated them that the Bill for the Slid-
ford and Shepreth line had been thrown out in the House
of Commons last night.—(Cheers.) To the exertions of
Mr. Waddington, and to his speech in the House, were
the shareholders mainly indebted for that result.—
(Cheers.) The working expenses of the company were
high—(" Too high")—but the directors would for the
future endeavour to lessen them as much as possible.
This year they commenced with a clean book—(Cheers)
—and they hoped to be done with the old accounts for
ever.—(Cheers.) Duriag the Past year the greatest exer-
tions had been made to keep the rolling stock of the
company in the best possible order, and at the least pos-
sible expense. The Chairman concluded by moving the
adoption of the report.—(Cheers.)
Dr. RYLEY, of Ware, seconded the motion that the
report be adopted, but in doing so stated that he was
much disappointed with so small a dividend as three
shillings per share.—(Hear, hear.) He complained, too,
of tLe enormous amounts of the salaries 'of the officers,
and the high working expenses of the line.
Mr. NATHAN complained that 30,0001. worth of un-
appropriated stock bad not been accounted for,
The CHAIRMAN said it was not issued, nor was any
interest paid upon it.—(Cheers.)
Mr. NATHAN felt satisfied at that declaration from
the chair. He complained, however, of 4,259/. having
been expended for Parliamentary expenses during the
last half-year.
The CHAIRmAN said those expenses were incurred
long before the present directors came into office.
Mr. NATHAN replied, if that were so they could not
help themselves.
Mr. WEDN, secretary of the Norehern Counties Union
Railway Company, congratulated the meeting upon the
clear; statement of the affairs of the company which had
been laid before the meeting by the directors.—(Cheers
and hisses.) Ile felt well assured that the meeting might
have the greatest confidence in the directors, and that
they would exercise the utmost economy in working the
line. He was proceeding to speak on the question of a
Government audit, when he was assailed with cries of
" Question," in the midst of which he resumed his seat.
Mr. WARD complained of the enormous sum the com-
pany was paying for coke to Messrs. Peto and Co. He
knew that the directors could be supplied with coke fur
18s. a ton.
Mr. BAGSRAW, ALP., said all the contracts entered
into by the company for either coke or coal came before
a committee of the company, of which he was a member,
on tenders, and such an offer as 18s. a ton
for coke had never yet been made to that committee.
Neither Mr. Peto nor the chairman had ever had one
tittle to do in the supply of coke to the company.
Mr. MARGRAVE a director, said the facts were so
entirely different from those stated by Mr. Ward, that
he would set the meeting right upon the point. He was
chairman of the committee of stores, and he could say
that with respect to the southern portion of the line
only one tender for coke had been made to them
by Nicholas Wood Bad Co., and that was ac-
cepted by their predecessors, and it bound them
for a period of 20 years.—(ob, oh.) The present direc-
tion had nothing to do with the making of that agree-
ment; they found it when they came into office, and
from the advice of their solicitor they learnt that they
could not set it aside. The coke was delivered to them
at Peterborough for 245. per ton, by Messrs. Wood and
Co. For the other portion of their line the directors
manufactured their own coke at Lowestoft, and they
produced it cheaper than they could buy ,it. Mr. Peto
had nothing on earth to do with the supply of coke to
the company.
Mr. ELLIS, a director, explained that the agreement
with Messrs. Wcod and Co. for coke was made six
weeks before the present directors came into the office,
when it had seventeen years to run. They had suc-
ceeded in modifying that contract from the first price of
255. 6d. to 245. per ton, and that arrangement was to
last for three ye are, and on the expiration of that time,
the Messrs. Wood were to supply the coke to the com-
pany at the market price throughout the country.
Mr. PETO said ho thought it due to himself to state
most unequivocally and most distinctly that he never
had anything to do with coke in his life—(Cheers)—and
he thought it exceedingly unfair that any gentleman, for
a specific purpose, should drag his name before the meet-
ing in the way he had done.—(Renewed cheers.)
Mr. M'LAREN complained of some of the accounts
haring been withheld, and especially the working ex-

penses and the capital account. He charged the dires-
t )rs with leaving the shareholders in the dark as to the
amount of their capital.—(" No, no," from a director.)
He was aware at the same time of the great difficulties
with which the directors had had to contend. He moved
as a substantive resolution, that for the future the earn
ings of the Nod )1k Railway should be kept Leparate and
distinct.—(Herr, hear.)
Mr. QUILTER stated that his time had been almost
exc usively occupied in auditing the accounts of the
company for the last half-year, and the result had been
that he had extricated from the accounts ( f the Norfolk
Company a sum of 164,0001., which the Eastern Counties
Company bed paid, and a great portion of which had
been charged to the capital account of this company.—
(Cheers.)
Mr. M*LAREN rose to explain, but the meeting rc-
fust d hear. }aim.
Mr. PRICE said, if the accounts of the Norfolk line
were properly kept, the shareholders would be receiving
a dividend of ss. 6d. a share instead of 3s. He charged
upon the directors that those accounts were illegally
and improperly kept. The Norfolk line, it was well
known, did not pay its working expenses, acid therefore
the money expended upon it was so much taken
from the profits divisible among the shun -
holders of the Eastern Counties line. He contended
that the Norfolk and the Eastern Counties line should
be managed separately.—(Hear, hear.) That that was
not so, he could only explain by the oircumstance cf
one of the leading directors of the Norfolk line being a
relative of the Chairman of the Eastern Counties line.
He concluded by moving as an amendment, that the ac-
counts of the Norfolk line be kept separately.
Mr. ORR, of Glasgow, seconded the amendment.
Mr. GLYNN said the Committee of the Investigation
reported in favour of the amalgamation with the Norfolk
Company. The directors of the Eastern Counties line
were brought into office on that understanding.—(" No,
no.") It was his opinion that it was in the highest de-
gree desirable that the two lines should be worked to-
gether.—(" No, no," and uproar, in the midst of whiCh
Mr. Glyn resumed his seat.)
Mr. BROADBENT, of Manchester, spoke in favour of the
two lines being worked together. The directors could not
proceed unless they had the confidence of the share-
holders; and if they were not working with the confi-
dence of the shareholders the sooner they went out of
office the better.
Mr. HELPS could not give his vote in favour of the
adoption of the report unless he had an assurance that
it did not include the auditors' report, which was false
in many respects. He then advocated a Government
audit in much the same terms as he used yesterday at
the South-Western meeting.
Mr. MARORAYE said, when the present directors
came into office they heard on all hands that no dividend
was to be made, but they were determined to make one
if possible; and their first object was to hold both their
hands, and therefore they incurred no other expenses
but what were absolutely necessary.—(Hear.)
• Mr. MARTIN congratulated the directors and the
meeting upon there being now something approximat-
iny to a remunerating dividend paid to the proprietors.
This time twelve months, they received a dividend of 25.,
and it was satisfactory to 4nd that within the last half-
year a very considerable improvement had taken place,
so much so that a dividend of 3s. was now declared,
Still more was he delighted to see that there was a much
better prospect of a gradual increase. They could not
hope to spring into prosperity in a moment.—(Hear,
hear.) They could not hope that the directors, who had
been but six months in office, could in that limited pe-
riod bring the affairs of the company into a perfect state,
but they were making progress. It was, therefore,
the interest of the shareholders to place confidence in
the directors to a certain extent. (Hear, hear, and
cheers.) ir they saw anything unfair, anything un-
conscientious, anything exhibiting a want of integrity or
honour in the directors, no man would come forward
sooner than he (Mr. Martin) would to condemn them.—
(Cries of " Hear, hear.") But they were not
to attack those gentlemen on the vague
suspicions and crude insinuations that bad been put for-
ward.—(Cheers.) The meeting had heard a long state-
went about coke, but it all turned out to be unfounded.
—(Laughter.) The Honourable Gentleman in the chair
was the first man to call attention to the ruinous
state of the affairs of the company, and to sug-
gest an investigation into them, and that investigaton
had been exceedingly satisfactory and advantageous to
the company. The meeting were told that the Chair-
man was connected with an honourable gentleman who
had, property at Lowestoft; and simply on that ground,
forsooth, a most unwarrantable charge was brought
forward against the Honourable Chairman, for the
mere purpose of creating a prejudice against him
in the minds of shareholders.—(Hear, hear, and cheers.)
Now, he (Mr. Martin) would respectfully say, if they
hoped for prosperity, and to have their affairs managed
inasound and healthymanner, they ought not to listen to
such charges.—(Cheers.) Let the man who brought these
charges see beforehand that they were well founded,
and let him not put forward insinuations which on in-
vestigation turned out to have no foundation whatever.
Ile (Mr. Martin) was satisfied with the board of
directors, judging merely from the accounts and the re-
ports they had produced this day, but he thought there
would be no harm arising from an expression of opinion
on this subject. He had examined their accounts; he
il-
tly
awh
naa ddy
oat,
01
asnmo s
epl oiaeoankyt •
in
nu os vl
the
res
at
yi hcie
eh age
scrdocdreisonimeadudt:
not
thatasfooan ntocdtvfthoi
reehraetyelmsi mo,ueneemomess
aptthooleefdecr
ivt4ahhes2lreeel4yyen,
:men:
0a
that
a
od
ops efa tretori
portion
nraycoc
to. accounts
m unprejudiceds o
which
h perfectlyieh
peera
01.
had been faithfully earned, and that every shilling that
could be airly charged against revenue has been
fairly and properly brought into that account.
ahaatThnaheddhge
uyhinenoeadtmv
rrhbeoadeedetelhndf
approbation
bp serlaei eogyrnuthgt t
hhco
atff
They now knew the worst of their affairs.
eimrtieonsin
of thethe dcahraki,rmbaunt
and the directors, that the
altodhneg
beexten let in upon them,
and of the excellent accountant em-
ployed
i an
ttofhlear t
decimal
e:o
farthing
ehatali ndfgob.r
eme
showingn
e expendedhow
n
each department. (Cheers.) For these reasons,
great must have been the intelligence and
enormous the labour on tho part of the
gentlemen by whom that satisfactory state
of things had been achieved. They had been told that
none of the capital had been charged as unproductive,
and that the whole of the interest of the guaranteed
stock and debentures was for the first time charged
against revenue. But they had at least this
satisfactory result, that through the exertions
of Mr. Quilter and the directors, 2,5331. had been added
to the capital account that must have been wholly lost if
the account had been unduly -closed.—(Cheers, and
" Time, time," from Mr. Nathan.) The Hon. Gentle-
man who was taunting him about time got up and
made a long speech about 30,0001 of preference
stock which the Chairman assured the Hon. Gentleman
was never intended to be issued.—(Laughter.) He (Mr.
Martin) would say one word upon the rates and taxes
charged on railways. By the accounts ho found that
the net earnings of the company had been
51,000 some hundred of pounds, and the parochial
taxes were 13,2211. odd. In other words, there was in
this way rather more than 25 per cont. taken from the
sum fairly earned and divisible among the share-
holders, to be expended in poor-rates. He
also found that there was a sum of 9,647/. 17s.
put down for Government duty on the passenger
traffic. Between those two items there was 45 per cent.
taken from the profits divisible among the shareholders.
He thought the bands of the directors would be
strengthened by an expression of the opinion of the
shartholders that the directors be requested to
continue their exertions for the purpose of bringing
down those enormous expenses.—(Cheers.) As to the
Norfolk amalgamation, the question was, were they to
enter into a series of expensive litigation, in which they
must be defeated, for the purpose of gratifying the ca-
price of some few gentlemen who proposed and sup-
ported the amendment?—(Cheers and great uproar
among the Nathan clique.)
The CHAIRMAN rose to order. If the Hon. Pro-
prietor (Mr. Martin) wished to be heard, ho (the Chair •
man) hoped the meeting would allow him to speak out.
Mr. MARTIN—If others are permitted to speak, I
think I have a right to be heard. I will merely say
that we are bound as men of honour to carry out that
undertaking. We have had the opinion of two
eminent Parliamentary counsel, Messrs. Hope : and
Talbot, that we could not abandon it. The
amalgamation was subsequently confirmed by
a majority of the shareholders ; and I do.
not see that we are called upon to abandon it, more
particularly when the Bill was not before Parliament
at present, and when the directors have allowed a year
to elapse in order to obtain the fullest information upon
this question. Under these circumstances, I do not see
why this question of the Norfolk amalgamation should
have been lugged so strongly into this discussion.—(Loud
cheers.)
The CHAIRMAN then put the amendment, which was
almost unanimously negatived amidst loud cheers and
shouts of derisive laughter.

The CHAIRMAN next put the original resolution, ap-
proving cf the report, which was carried with acclama-
tion, only about six persons holding up their bands
against it.
The meeting then passed to the question of audit.
Mr. Sergeant GASELEE took occasion to eulogise
the conduct of the present board of directors for the
way in which they had succeeded in extricating
the affairs of the company from the almost hope-
less confusion and complexity into which their
predecessors had plunged them. The Learned
Sergeant concluded by moving that a committee
of three of the shareholders be appointed
to confer with the delegates from other railway compa-
nies, with the view to prepare and carry through Parlia-
ment a Bill in favour of a stringent Government audit of
railway accounts.
After a long and rather stormy discussion, the follow-
ing three gentlemen were named as the shareholders. to
meet the other delegates—Messrs. Christie, Martin, and
Sherwood. It had originally been proposed that five
should be appointed, but three Is as the number finally
fixed upon.
The question of the granting of free tickets to travel

[PRICE SD.

on the line to shareholders etguingl up to town to the
meetings of the company, also led to a protracted and
desultory conversation, in which many proprietors took
part. A resolution rescinding that custom wai finally
carried by a great majority, though not without some
strenuous opposition from a few country proprietors.
It was then propoteri to adopt the same principle with
respect to the officers of other lined t f railways; but that
proposition was not carried, the inexpediency of adopt-
ing such a course on their line having been pointed out
by the ehairtnal and others.
Mr. GREEN proposed, anti Mr. CURTSTIE seconded, a
niction to the effect that the Messrs. Reeves and Mayhew
.hould be re-appointed auditors for the ensuing year,
which eas agreed to.
Mr. Ellis and Mr. Reid, the directors going out of
offi ‘e by ret,tion, were then re. elected.
Mr. MACLAREN proposed a resolution to the effect that
the accounts of the Norfolk line should be kept separate
from the other us far as it was practicable—(Hear, hear,
and laughter)—which was understood to have been
agreed to.

A vote of thanks to the Chairman and directors was
then proposed, and having been carried by acclamation
and briefly tesponded to, the meeting br.le up.

NAVAL INTELLIGENCE.
PORTSMOUTH, WEDNESDAY.—The Basilisk, new
steam-sloop, by Mr. Lang, of Woolwich, on the paddle
principle, 1,000 tons, oscillating engines by Miller,
Ravenhill, and Co., 400-horse power, was taken out of
the steam reserve to-day by Commander J. A. Stevens,
of the Blenheim, for trial at the measured mile in Stokes
Bay, wind, water, and weather being as propitious as
possible. She made six runs along the course, and ave-
raged a mean speed of 10,551 knots, making 20i revo-
lutions, and drawing 14ft. 10in. forward, and 15ft. 9in.
aft. Captain Hayes, Mr. Murray, C.E., Lieutenant
Hamilton, Mr. Lynn, C.E., Mr. Macdonald, Assistant.
Master-Attendant, and other officers, went out in her.
The Sr. Vincent, 120,'k to he docked to-morrow, in
the room of the Britannia, 120, to make good defects.
Tho Lily,l2, is rigged, and will be commissioned next
month to carry the April mail to the west coast of Africa.
The Fairy royal yacht, Master Commander Welsh, is
in the basin, being re-embellished fur the summer ser-
vice of her Majesty.
THE ARCTIC EXPEDITION.
The following address has been issued by Ceptaia
Austin to the service, on his taking the command of the
new expedition about to be fitted out to proceed in
search of our long absent countrymen:
" Petty officers and seamen of the Royal and mercan.
tile navy, especially those who have traversei the Argue
seas, are invited to send in their names and addresses,
with copies of testimonials of good moral conduct, capa-
bility, and good temper, to ' Captain Horatio T. Anon',
R.N., C. 8., Admiralty, Whitehall,' on the Ist day of
March, in order to their being registered.
" Such persons, when approved, should provide them-
salves with a fair supply of useful clothing, including an
easy-fitting light pair of sea boots and fisherman's stock-
ings. Every individual will be required to wear flannel
next the skin, and a waist-belt. lied and blankets may
be had, atter entry on the ship's books, at the moderate
Government price. No one will be accepted who is not
in a perfectly sound state of health, and who is not pre-
pared to undergo the scrutiny of a medical board.
" The crews will be paid six months' single pay in
advance before leaving England, in addition to the river
pay from the time of their entry; and from the date of
their sailing they will be paid double pay till the time of
their return.

"The crews of the vessels employed in this expedi
tion will be composed of the following, viz.:—
" FIRST CLASS PETTY OFFICERS.

Single Pay per
Lunar Month,
13 months per
annum.
1112 Ice quarter-masters as pilots ... .£3 10 0
4 Gunners' mates ... 2 5 0
6 Boatswains' mates ... 2 5 0
4 Captains of the forecastle 2 5 0
4 Carpenters' mates ... 2 9 0
2 Blacksmiths
2 Sailmakers
2 Captains of maintop ... .. 2 5 0
2 Captains of foretop ~. ... .. 2 5 0
2 Captain's coxswains ... 2 5 0
2 Captains of the hold ... 2 5 0
2 Ship's cooks ... 2 13 0
2 Caulkers (who should be also shipwrights) 2 9 0
Tool money 0 7 0
2 Coopers (who should bo also carpenters) 2 4 0
Tool money 0 7 0
4 Officers' cooks (who should be also bakers) 1 14 0
2 Captain's stewardi ~. 1 14 0
2 Paymasters' and pursers' stewards ... 2 1 0
8 Stokers and coal trimmers, (to receive
double pay as stokers in the summer
months, and that of able seamen in the
winter months.)

Stoker 2 6 0
A. B. 1 14 0
Total --Petty officers 64; able earnen 46; and Royal
Marines 26.

"As unanimity of purpose and cordial co-operation
are indispensable to the success of au expedition of this
kind, the undersigned is desirous of communicating in
this manner (which, it is hoped, the peculiar nature of
the service will justify) with all those who may volunteer
their services in the enterprise.
" This undertaking is a duty acknowledged by our ge-
nerous country, and the Governmeit, with great liberal-
ity and kindness, is about to provide adequate means
for its performance.

"It is the present intention to fit out for this purpose
two sailing ships, and two auxiliary screw steam-vesfels
attached to theta as tenders.

" The object of this address is to insure a good under-
standing with all who may be engaged in this service.
None, therefore, should offer who will not pledge them-
selves to the following conditions:—
" 1. To support, in its entire spirit and integrity, the
discipline of the British navy—the main pillars cf which
are obedience and a good example.
"2. To join heart and hand in zeal for the service
in which we bhall be engaged; in employing our best
endeavours to promote the benefit, amusement, and im-
provement of each other, and the general good of our
little community.
"To refrain from evil speaking; and especially to
avoid, what may be called our seamen's proverbial pro-
pensity growling,'—a term well understood throughout
the service.

" With these resolves inscribed on our banner, we go
forward, trusting in Him' who bath measured the waters
in the hollow of his hand,' to direct our way, and to
crown our labours with success.

" HORATIO T. AUSTIN.
* " Theie ratings will be given to such men only as
have had experience in ice-navigation, such as har-
pooners or boat-steerers, and who can produce testimo-
nials to that effect."