The Sun.
London, England, 1845-09-19 00:00:00

YORK, SErr. 18.

STOCK EXCHANGE.—The sales are—Eastern Union Exten-
sion, 514—Newcastle and Darlington Junction (New Brand-
ling, 45—s orth British, New, 7 IA ex n.—York and North Mid-
land Extension, 30%—Clitheroe Junction, 5-H3—Coventry,
Nuneaton, Birmingham, and Leicester, 41/4—Grand Union,4 LA
—Leicester and Bedford, 41. 6s. 3d.—London and York, 7
Manchester, Buxton, &c., 11—Nottingham, Erewash, and
Ambergate, s—North Western, 65 —Welsh Midland, 4%.

RAILWAY INTELLIGENCE.
EXETER AND CREDITON.

EXETER, THURSDAY.—ThiS Company held their first meeting yes-
terday, at their offices, Exeter. Mr. Henry Hooper, Vice-Chairman
of the Board of Directors, in the absence of the President, took the
chair.
The SECRETARY read the report of the Directors, which stated that
notwithstanding the report of the Board of Trade recommending the
postponement of the measure, as well as private opposition, the Act
received the royal assent last July ; that since then the Directors
had not had time to do more than accept certain contracts from
parties for the supply of rails, &c.; that the necessary purchase of
land would be completed with all dispatch consistent with economy;
that the terms upon which it was 'proposed to lease the line to the
Bristol and Exeter Company were, that the. latter were to take a
lease of the line in perpetuity, they paying a rent of 3,0001. per annum,
and one-third the gross receipts above 7,0001. per annum, which they
may reserve ; that the project which had been laid before the Board of
Trade by another company for making a line to Barnstaple and
Bideford, via Colebrook, and the vale of the Taw, and to be connected
with this line at Credition, had been postponed on the recommenda-
tion of the Board of Trade, and its promoters had since united with
the Great Western, the Bristol and Exeter, and South Devon Com-
panies, in order to assist in carrying out a more comprehensive
scheme, which would have the effect of bringing on to the Exeter
and Credition line, not only the traffic from Barnstaple, Bedford,
and the north, but also that of central Devonshire, and a consider-
able portion of Cornwall. But the directors proposed to allow four
per cent. upon the deposits already made, and upon all future deposits,
but not upon future arrears. That the expense of the company up
to the obtainment of their Act amounted to 2,5281. 10s., which left an
available balance in hand of 9611. 10s., and that the prospects of tho
company had improved since the commencement, &c. Mr. linbert
Dymond, the engineer, stated in his report that since he
received orders to proceed with the works, he had corn.,
pleted the marking out of the line, and hoped soon
to complete arrangements for the purchase of the necessary quantity
of land from opposing landowners; that he had made some trifling de-
viations from the precise line originally marked out, but the effect
would be to reduce the expense of the line, while less injury would be
done to private property. That tenders had been advertised for, for
completing the works of the line, except about thirty chains of that
psrt of it which joined the Bristol and Exeter line, the formation of
which the engineer intended to defer until after the ensuing winter.
The reports were then unanimously adopted, after which the audi-
tors were appointed at a salary of Si. ss. each. A salary of 1001. per
annum was fixed as the secretary's remuneration.

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THAMES, SOUTHEND, AND NORTHERN AND EASTERN.
JUNCTION:. _ _ _

COGGESHALL, THURSDAY EVENING.—THIS afternoon, at one o'clock,
- a respectable and influential meeting of the inhabitants of this town
- was held at the White Hart Hotel, with a view of affording the pro-
- moters of the above scheme an opportunity of stating the merits of
- the undertaking.
Mr. BASKS, an extensive merchant in the town, was called to the
chair, and, in opening the proceedings, observed that, for the well-
-6 doing of the town, some more ready and cheaper communication than
6% the present was extremely necessary. According to the chart of the
project he did not see that their town would be benefited more than
any other on the line, and therefore he was sure that a feeling of jea-
- lousy would not be imputed to them however they decided. There
were a number of projects brought forward, professing to confer
considerable advantage' upon the county, but most of them fell far
short of interesting Coggeshall.
Mr. J. TAPPING, of the Middle Temple, said the promoters were
desirous of supplying the county of Essex with a railway of its own,
and running a complete angle across the county from the south-
- eastern coast to the extreme north-west point ; thereby affording a
ready and cheap communication by rail to the many towns in the
district that were at present ansupplicd. The line was intended
be formed from the commodious seaport of Southend by Rochford to
Chelmsford, and then crossing the Eastern Counties proceed.towarde
the north-west to Dunmow, and form a junction with the Northern
and Eastern at or near Saffron Walden, with branches from Roch-
- ford to Burnham, from Maldon to Great Baddovr, Dunmow to Brain-
- tree and Coggeshall, to join the Eastern Counties' Railway at Marks
Tey or Ferring, and from Dunmow to Bishops Stortford, thereby not
only opening a communication with and connecting all the most pc,-
- pulous market towns of Essex, but by its junction with the Northern
and Eastern Railway at Saffron Walden, provide the cheaper and
more direct means of transit from the manufacturing, commer-
cial, and agricultural provinces of the kingdom to the river
„ Thames, and thereby avoiding the present expensive and 'circuitous
route through the metropolis. As regarded the branch across the
Rochford Hundred, the promoter feared from the peculiar description
of the land, that it would cost a considerable sum in constructing,
and not realise a sufficient return for the capital expended upon it.
The engineers, however, of the project were at present actively em.
ployed in making a full survey of the property, and according to
their decision the promoters would be guided. The branch contem-
- plated to run fromPlishops Stortford on the Northern and Eastern line,
by Dunmow, Braintree, &c., to the Eastern Counties, would, Irwin the
extensive manufactures in that town, much benefit the district. In
the town a great quantity of coal was consumed, and the promoters
intended to supply either the sea borne fuel or that from the Stafford.
shire collieries, at a much cheaper rate than was at present. The
county was principally supplied from Maldon, and the meeting would
know that there was a navigation up to Chelmsford ; but It was so
- serious a monopoly that all of them suffered by it. The present aye-
- rage cost of conveying coal from Maldon was at the rate of 28.6 d. per
ton. Now the promoters undertook to say that they could furnish
that commodity at the reduced price of is. per ton. The promoters
intended to form at Saffron Walden, Braintree, Chelmsford, and
~,, Southend, depots for the storage of coals, which would be
brought by rail direct, via Lyme Regis, Ely, 'thence on to the Nor-
-279 thern and Eastern, and which would afford a more regular supply
with a great reduction from the present price. A direct line of rail-
- way from Coggeshall to Bishops Stortford would be productive of the
most beneficial results to both towns, in conveying their corn at once
up to the London markets, instead of housing it for the want of a
• suitable and reasonable conveyance. They were aware that the for-
- . mation of a railway produced traffic, and when a cheap and ready
mode of transit was afforded to the fashionable .•,atering-places
of Southend, Walton-upon-the-Naze, and others Ott 'the Essex
coast, they might rest assured that a large number of pervans resid-
ing at Braintree, Bishops Stortford, and Saffron Walden, would flock
to these places. Southend also offered so many facilities in the ship-
- ping and Continental interest, and the promoters bad sanguine hopes
that in the course of time it would become an important port for
foreign packet boats. Lord Maynard, one of the principal land pro-
- prietors in the county, had inspected their surveys and had approved
of them on certain conditions, and those of a very trifling character.
The total length of the line would be eighty miles.
After some discussion, a resolution, approving of the undertaking,
- proposed bY Mr. Cavan, supported by Mr. Ball, was carried unani-
mously, a local committee being appointed to co-operate with the pro-
- visional one in London.

RAILWAY TO POOLE.
On Thursday a public meeting of the inhabitants Was held at the
Guildhall, pursuant to notice, to take into consideration the proposed
d
railway from Manchester, via Cheltenham, to Southampton
' Poole, through Salisbury. The meeting was most numerously and
' respectably attended, and a deputation of gentlemen from Manchester
and Southampton was present. The Sheriff, W. Pearce, Esq., having
taken the chair, opened the business of the meeting, and called on
G. L. Parrott, Esq., who stated that he had recently returned from
Manchester, and that it was the wish of all the leading and influen-
tial and mercantile men with whom he conversed in that place, that
there should be a direct line to the southern ports, and that the line
' being already formed to Cheltenham, it would commence from that
' place.
JAMES Watuarsnaw, Esq. (the deputy chairman of the Company),
next addressed the meeting, stating the reasons why the merchants
' in the north were anxious to have a direct line-a delay often occur-
- ring by the detention of letters in London, by which they were placed
- in a disadvantageous position: adding, that the line had received
- such assurances of support as would insure its being carried through
- the next session of Parliament.
The first resolution was proposed by the Mayor, and various ques-
tions were put by the advocates of what is called Mr. Lacy's line.ast.
- who first proposed the line from Salisbury to Poole, when it seemed
evident that the Salisbury and Yeovil Company had not till very
- lately entertained any idea of going to the north of SalisburY.l
arl.:
however, it was stated that they would bring a line from M
long iscussion took place
- borough to Poole, through Salisbury.
- between the advocates of the respective
911 .21 Marlborough or from
Aliecs,asd to which would be
the shortest route to Salisbury-whether fro. .
- Ludgershall. ad an amendment, that a delay of a
- Esq., prop°9l-- being seconded, called up several
GILES ',EDGARD,
--
fortnight should take place,
-
--
the midst of the discussion,
ton, replied to the remarks of many of
gentlemen, some of whom were for delay, and others against it. In
of Southarnia on,
......
Mr. STEBBINo
rite dented, o wertdpledspgeieic,gh urged a decision in favour of
himself that they would meet
the best
line, and bringing
- the wishes of the in
___-- the
csjoie:ikpearnsy,
bitsnts, by adopting
ahnedrcinph.
the chair, a.great deal of
- the line in. the north-east
i e i,t
could side
beef
putt 11 e
from
mm
_
firing took place.
--
cross-tiring
Mr. NEwituaY, from Manchester (one of the deputation), ad-
-- dressed the audience.
Before tl'icle
- Sir. Ledgard, Mr. Pike, Mr. Brown, and others, put queries and
-__. entered into explanations ; and after two hours' discussion the
amendment was put, when only a comparatively
- voted for it. The original motion was - then put, small number
and carried by a
large majority.
3 Other reaoluti
'-ons were proposed, seconded, and carried ; when the
meeting, which had occupied upwards of three hours, was brought
to a
. close.-Salisbury Journal.
___s It should be mentioned, that during the proceedings Sir Ed.
Doughty, Bart., of Upton House, desired his name to be with-
-_
drawn from the Provisional Committee of Lacy's line, stating that
- he had joined it in the belief that it was the Manchester and
_ Southampton project; and F. F. Rogers, Esq., of Longileet, stated
_ that his name had been placed on Lacy's line without his authority

GREAT NORTHERN COALITION.—A meeting of the Directors of the
Grand Junction and Manchester and Leeds, North Union, and Liver-
pool and Bury Railways, took place at Liverpool yesterday, at which
Liver-
the final arrangement of leasing the North Union line by the Grand
Junction and the Manchester and Leeds Companies was agreed to,
the Grand Junction to have the uninterrupted use of the north and
south line from Parkside to Preston, and the Manchester and Leeds
of the east and west traffic from Bolton to Preston ; thus giving the
Grand Junction a line from Birmingham to Carlisle without an in-
tervening interest, and the Manchester and Leeds a line from Goole
to Preston east and west ; and the same day the terms of agree-
ment between the Manchester and Leeds and Liverpool and Bury
were ratified. It now merges into Manchester and Leeds stock, thus
- giving them a direct line from Leeds to Liverpool, passing throng's.
- the important towns of Wigan, Bolton, Bury, Rochdale, Halifax, and
Bradford, to Leeds, and from Leeds on to Hull by the shortest route ;
and with the exception of 17 miles of the \Vest Riding Union, the
EDINBURGH, SEPT. 16. whole line is already either made or in the course of construction ;
STOCE EXCHANGE.—The sales are--Aberdeen, 4/. 17s. 6d.9. Indeed, this line will now embrace the chief towns ands Ports Of the
Abardean, Banff, and Elgin, 21.11L—Airdrie and Bathgate, great comities of lak :ma Lancaster, stretching from the St. George,.

-18 1184

1602 p 1 -