The Sun.
London, England, 1850-11-13 00:00:00

ITALY.

The illessaggero di Modena quotes correspondence
from Rome, of the 26th ult., stating that the Sardi-
nian agent, the Marquis Spinola, had not interrupted
diplomatic relations with the Government of the Holy
See, nor did he intend to leave Rome ; that, on the
contrary, he had sent for his family and taken an
elegant apartment.
Letters from Ancona of the 30th ult., in the Uni-
versal Gazette of Milan, state that the Austrian
troops in that part of Italy are to be diminished, and
Neapolitan troops sent to replace them. The Nea-
politan Government is still continuing its military
preparations.
Count Camillo Cavour, the new Minister of Ma-
rine, Commerce, and Agriculture at Turin, has been
almost unanimously re-elected a deputy by the first
electoral college of that city.
Both the Chambers of Piedmont assembled at
Turin on the sth, pursuant to notice, but there
was no speech from the throne, as there had been
no prorogation, but only a suspensio❑ of the
sittings for the convenience of the Government.
In the Senate, the report was made on the Bill
for the re-organization of the national guard of
the kingdom. In the Chamber of Deputies the
drawing of the bureaux took up a considerable time.
Signor Mantelli afterwards moved that the discussion
on the publicity of municipal sittings should be fixed
for the following day. The Minister of the Interior
remarked that he had a Bill ready on administrative
organization, which he intended to present on the
opening of next session, and that he therefore thought
the motion of Signor Mantelli useless for the present.
Signor Giannone observed that the sittings had been
suspended with a view to gain time for the completion
of certain measures which it was not desirable to
discuss over again next session, and that it was con-
sequently proper not to introduce new measures at
present, or else to allow of the unfinished ones being
continued in the following session without beginning
them over again. The Minister of the Interior re-
plied that the Government was not averse to closing
the present session and opening that of 1851, but
that the supplies ought first to be voted, and the Bill
on that subject was not yet ready. The motion of
Sig. Mantelli was then negatived without a division.

RAILWAY INTELLIGENCE.
GREAT NORTHERN.

A meeting of shareholders in this company favour .
able to the extension of the line to York was held on
Friday, at the George Hotel, York, for the purpose of
adopting measures to enforce the carrying out of the
original line as granted by Parliament. About a
dozen persons attended.

Mr. J. CLOUGH suggested the propriety of not pro-
ceeding with the business for which they were called
in consequence of the number present being so small.
He thought if they were to proceed to pass resolu-
tions under the present circumstances the directors
would only laugh at them, and if they were to adopt
measures against the directors to compel them to
carry out the original line in its integrity, and those
measures should prove unsuccessful, they would have
to pay the cost out of their own pockets.
A SHAREHOLDER said the only way would be to
oppose the directors in Parliament, for he was con-
vinced it would be useless to make any represents•
tions to the board on the subject.
After some further observations, from which it ap-
peared that the shareholders present were not of the
same opinion with respect to carrying out the original
line, the meeting separated.

GREAT WESTERN AND SOUTH WALES.
SETTLEMENT OF DIFFERENCES.
We believe that an agreement has been provi-
sionally entered into between the directors of the
above companies, and that the following is the basis
of it. The Great Western Company proposes to
work the line from Gloucester to Swansea with the
Bullo Fill branch, and to give to the South Wales
Company
For the first three years 31,3401. per annum, fur a
moiety of the profits.
For the next three years 36,340/. per annum, for a
moiety of the profits.
For the next two years 41,340/. per annum, for a
moiety of the profits.
For the next two years 46,340/. per annum, for a
moiety of the profits.
For the residue of the term 51,340/. per annum for
a moiety of the profits.
The South Wales Company are to complete all the
works sufficient for carrying on any traffic which
may be brought upon the line.
The line and works from Swansea to the junction
with the Gloucester and Dean Forest line at Grange
Court, and also the branch to the shipping port at
Swansea, are to be completed by July 1, 1851, so
that there may be one continuous line of railway from
Swansea to Gloucester. The other branches are to
be finished within specified periods.
This appears to be an agreement which, under all
the circumstances, cannot fail to give satisfaction to
the proprietors of both companies, and it reflects much
credit upon those who have been instrumental in effect•
ing such an arrangement.
We hear that interested parties resident in the
district are naturally desirous of carrying the line
forward to Fishguard ; but after the experience
which the public have had of the ruinous conse-
quences that have attended the construction of lines
through thinly populated districts, we shcu!d
imagine that such a proposition is not likely to meet
with the slightest consideration from the shareholders.
We congratulate the South Wales proprietors on the
fact that so satisfactory a termination is about to be
put to the disputes that have so long deteriorated the
value of their property ; and we at the satne time con-
gratulate the proprietors of the Great Western Com-
pany upon having secured so large a feeder to their
own main line on such reasonable, and, we believe,
equitable terms.
We perceive that special meetings are to be held at
the end of the month, when the heads of the agree-
ment will be submitted for the approval of the respec-
tive proprietaries.

THE CHESTER AND HOLYHEAD.—The proprietors
of the Chester and Holyhead Railway must be grati-
fied to hear, that there is every probability of a more
I close alliance than heretofore with the London and
North-Western Company, and that there will be no
occasion for P. farther application to Parliament in the
next session. The increasing levenue of the Holy-
head line is likely to receive a considerable impetus
from the arrangement at which we have glanced, and
which is also of a beneficial character to the London
and North-Western Company.
THE CALEDONIAN.—We are glad to learn that the
negotiations which have for some time been proceed-
ing between the Caledonian board and the London
and North-Western have resulted in an arrangement
I by which the latter will take a more active part in
the affairs of the Caledonian than they have hitherto
done. We understand that three gentlemen from the
London and North-Western Company enter the
Caledonian board, and that the first object to which
the direction, thus remolelled, will turn its attention,
is a fair settlement of the claims of the guaranteed
lines. These claims are, it is well known, far beyond
, the capacity of the company to meet, but a moderate
and equitable adjustment of the whole seems to be
perfectly practicable. The three gentleman to be
selected for the very onerous and perplexing duty of
mediating between the conflicting interests are sup-
posed to be the lion. Capt. Carnegie Mr. Rotheram,
of Liverpool, and Air. Henry Booth, the Liverpool
secretary. We heartily wish them success in their
arduous undertaking, and we congratulate the share-
holders of all classes on obtaining the services of such
practical nr:n. It is rumoured that Captain Plunkett
retires, and that Captain Carnegie succeeds to the

ch sir.
BRISTOL, AND EXETER.—The report of the directors
to be submitted to the special meeting of the share-
holders on Thursday states that the total liabilities of
the company amount to about 1,100,0001, to which
it will be desirable to add about 100,000/. for contin-
gencies. For the purpose of meeting these liabi-
lities it is proposed to create a preferential share
capital, bearing a perpetual minimum dividend of 4
cent. per annum, with an option to the subscribers
until the Ist of July, 1855, to exchange it for the
I common stock of the company, and to take, from and
after the Ist of January, 1856, the same dividend as
the other proprietors, instead of the guaranteed 4 per
cent. The directors are of opinion that this stock
will be a very desirable security, as, when the loan
debt is paid off the new stock will have a priority of
dividend similar to that now possessed by the holders
of debentures for their interest. The company hav-
ing already power, by the Bleadon and Wells Act,
to issue shares to the extent of 320,0001,, with a pre•