The Sun.
London, England, 1845-10-28 00:00:00

and Eltnouth ( Head's line), % p.—North Devons, 27. 10s.
Central Cornwall, p.—Taw Vale Extension, 36 p.—Bris-
tol and Exeter, New, 10.
WILL, OCT. 27.

The flatness of Saturday's London market had its effect
here this morning. At the afternoon meeting the tone of the
market was somewhat improved ; and, whilst there were
plenty of buyers at the morning's rates, there were but few
sellers. The sales were—London and Blackwell, 83A—Lon-
don and Croydon, 201/ —Midland Railway Consols (40'.
Shares), 231/—York and North Midland Extension, 21—
Chester and Holyhead, 171/—Leeds and Thirsk, 15—Leeds
'and Dewsbury, 27—North British (Dalkeiths), 6—Ar-
reagb, Coleraine, and Portrush, I%—Axbolme, 455.
p.—Dudley, Madeley, and Iron Bridge, 13s. 9d. p.
—East Lincolnshire, 3—Grand Unior, 2%-Great North
and South Wales and Worcester, %—Hull and Barns-
ley Junction, 265, p.—Lincoln and Wainfleet, 10s. p.—Lon-
don and York, s—London and Norwich Direct, 7s. 6d.—
North Staffordshire, 51. 2s.—Portsmouth Direct, 41 Rugby
and Huntingdon, 2%—South Midland, 4/. 17s.—Yorkshire
and Glasgow Union, 3.
YORK, Ocr. 27.

STUCK ExcHANGE.—The sales are—Eastern Counties, 21
—Newcastle and Darlington. New (Brandling), 471,4—North
British (Callsles), 31,4—York and North Midland Extension,
221/2—A x holm e, s—Coventry, Nuneaton, Birmingham, and
Leicester, 2—Grand Union, 2k—Leeds and York, 33/4—New-
castle and Berwick, 141/4—Nottinghain and Boston, 3%—
North Staffordshire, 5/. 4s.—Welsh Midlands, 3.

RAILWAY INTELLIGENCE.

WOLVERHAMPTON, CHESTER, AND BIRKENHEAD

JUNCTION RAILWAY.

MARKET DRAYTON, MONDAY NIGHT, TEN O'CLOCK.—An
im-
portant meeting of the landowners, occupiers of land, and trades..
men of Market Drayton, was held this afternoon at the Phoenix
Hotel, in that town, far the purpose of considering the proposal of
the Wolverhampton, Chester, and Birkenhead Junction Railway
Company, to ccnstruct from Wolverhampton to Chester—by way
of Market Drayton, and effecting a junction with the Chester and
Birkenhead Railway—a direct line from London to Birkenhead
and Holyhead.
The chair was taken at two o'clock by Loxdale Warren, Esq.,
and among the gentlemen present were Mr. Sergeant Allen, one of
the Provisional Committee ; R. Wrightson, Esq., T. Harris, Esq.,
H. Mayhew, Esq., T. Swinnerton, Esq., Thomas Harris, Esq.,
W. Warren, Esq., NV. Goodwin, Esq., J. Bird, Esq., Sand-
well, Esq , and many other of the most respectable inhabitants of
the town and neighbourhood. Mr. J. Smith, solicitor to the Com-
pany, was also in attendance.
The Criaramarr, in opening the business of the meeting, said he
was fully aware of the benefits to be derived from railway com-
munication to and from their own town; if he needed ass illustra-
tion of that advantage, he had but to mention a fact that came
within his own experience a few days ago. He travelled from Lon..
don to Stafford, a distance of 135 miles, in less than four hours,
for 11. 12s. 6d., but it took him upwards of three hours to get from
Stafford to Market Drayton, and cost him I!. I7s. ficl.—(Hear,
hear.) He thought that was enough to show the necessity of a
asure direct communication t Iween Market Drayton and London,
or Liverpool, and other places. After some further observations,
the Chairman concluded by calling upon Mr. Sergeant Allen, as one
of the Directors, to explain to the meeting the objects of the Corn.
pany, and the route they intended to pursue.
Mr. Sergeant ALLEN then addressed the meeting at great length.
He said he knew of no more valuable testimony that he could ad-
duce, than the remarks just made by the Chairman, to show the
advantages of railway accommodation, and he was confident that
Market Drayton must at no distant period be allowed to partici-
pate in the benefits to be thus obtained. After explaining the
route of the proposed line, the Learned Sergeant said that he looked
upon it as forming a direct communication, not only between Mar-
ket Drayton and the rising town of Birkenhead, but also tending
to form a direct line of railway from Holyhead to London, of
which parties travelling to or from Ireland would be sure to avail
themselves, indeed it would effect a considerable saving in the
distance, and, while saving time, would lessen the expense
of the journey. From Holyhead a line was about to
be made to Chester, and parties coming thence would
pass along the line whose claims they were about to lay
before the meeting. In addition to this, from Market Drayton a
branch line would be thrown out to Stafford, where it would join
the Trent Valley line, se that passengers would be conveyed on
that railway direct to Rugby, and from thence the line to London,
as is well known, was as direct as it could well be made. After
having alluded to a rival project, which, however, would carry
passengers a considerable distance out of their direct course, the
Learned Gentleman adverted to the proposition of the Wolver-
hampton and Ellesmere Canal Company to convert their canal into
a railway, and contended that, as they had no power to effect such
an alteration, so neither would any Act of Parliament sanction it.
That proposition was one of the most immodest he (Mr. Allen)
ever knew:to emanatifrom a public company. It must be recollected
that at the time the Canal Company obtained their powers for the
purchase of the neeessary land, with or without the owners' consent,
for the construction of the canal, it was obligatory on their part to
keep up a water communication, and indeed that provision had
induced other parties to cut intersecting and branch canals to a very
large extent ; and he (Mr. Allen) should like to know how they
wore to be disposed of if the main canal was done away with. Were
this to be allowed, the branch would be of no Rather service than
to remain as pools for the feeding of pike and perch. Another
reason why the canal scheme could not be supposed to answer the
ends of the projects was, the great addition which it would snake in
the distance between Wolverhampton and Chester, and con-
sequently in the fares of the passengers. The expense of tra-
velling was not all, for, as the meeting were aware, the charge by
railway was so much per ton per mile upon merchandise; and if
the Wolverhampton, Chester, and Birkenhead Junction would
effect, as it was intended, a saving of twenty-five miles between
the termini—the usual charge was :lel. per ton per mile on iron
from South Staffordshire or Shropshire—a saving of 4s. 'Jd, per ton
on iron would be effected in the present price at Liverpool. The
ironinasters of the district through which the line passed would
thus be enabled to compete with the Scotch markets.—(Bear, hear,
and cheers.) After some other observations, the Learned Sergeant
concluded by moving the first resolution, which was--`. That a
direct railway communication between Wolverhampton and 13irken-
head, by way of Chester, was essentially requisite."
It. WitionTsoN, Esq, seconded the resolution i❑ a long and
able speech, after which
The CHAIRMAN submitted the motion to the meeting, and it
was carried unanimously.

-..- SWINNERTON, Esq., of Market Drayton, moved the second
resolution, to the effect that the proposed Birkenhead, Chester,
and Wolverhampton Junction Railway offered the greatest advan-
tages as a direct line between the respective towns. and pledging the
meeting to support it. _ _ .

W. GODWIN, Esq., of Market Drayton, having seconded the
resolution, it wasput to the meeting, and carried by acclamation.
SANDWELL,. Esq., of Market Drayton, proposed that a local
committee be formed for supporting the views of the projectors of
the line.—(Cheers.)
H. MsYnaw, Esq., seconded the resolution in an able speech. He
contended that the policy of the nation was progressive, and that con-
tinued improvements were requisite far the benefit of the population.
of the county. One of those improvements was railway accommo-
dation. With reference to the recent panic in the money mar-
ket,'he maintained that it was both groundless and futile, and bad
originated with parties who were actuated by interested views.
It had been stated that 40,000,0001. was required for the purpose
of bringing forward the various railway projects of the present day,
and that it could not be accomplished without bringing the coun-
try to the eve of bankruptcy. At that announcement he was
aware some parties gazed in stupid ignorance, but the fact was,
such people were not acquainted with the vast resources of the
country. In the time of the late war that sum, and more than it,
was raised every year for the carrying on of the conflict, and in
later years it was found that 20,000,0001. could readily be paid for
the emancipation of the poor slaves.--(Loud cheers.) It must be
recollected, too, that the sum now required was not for the purpose
of being sent out of the country, but would be the means of pro-
viding a vast amount of employment, and of conferring a lasting
benefit upon the country. After deprecating the conduct of the
Bank of England in raising the amount of discount. Mr. Mayhew
concluded by seconding the resolution, which was passed unani-
mously.
A vote of thanks to the Chairman having been passed, the meet-
ing soon afterwards separated. The whole of the resolutions were
passed unanimously, and the best feeling pervaded the meeting.