The Sun.
London, England, 1845-09-25 00:00:00

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parts of Gloucester, Berke, Wilts, and Hants! and, properly speakie
has no Independent terminus.
A large longitudinal section of the kingdom—the West Midland
district—a district inviting a similar species of accommodation from
concentrated local advantages, still remains unprovided with a chief
trunk line ; and it is contemplated to remedy this deficiency by the
➢resent undertaking, or a fourth longitudinal line.
Adopting Birmingham as a northern terminus of the West Mid-
land, Manchester, and Southampton Hallway, it is proposed to carry
a line through or near to Stratford-on-Avon, thence between Moreton,
Stew, Nerthleach, Fairford; Cricklade, and Swindon, where it will
merge in the South and Midlands' Junction Railway.
The length of the proposed line will be about sixty mile•, and the
district traversed by it is gently undulating and densely peopled. At
its southern terminus, Swindon, it becomes identical with tha South
and Midlands, by means of which it opens a most direct communica-
tion hitherto suggested with the harbours of Weymouth, Christ-
. church, Poole, and S-attliampton. At its northern terminus, Illr-
Ingham. it communicates with a series of lines, projected, in pro-
gress, or completed, which will form the most direct line that can
ever probably be constructed between the southern ports of England
and the great manufacturing districts.
In the alliance of lines forming the West Midland, Manchester
and Southampton Railway project, a combination of advantages pre-
sents itself—the result of a design, to a great extent, but of contin-
gencies also. If it be desirab!e that the terminus of every railway
should be situated at some commercial or populous place, iu this re-
spect the present project is peculiarly fortunate. If Government be
resolved on countenancing the shortest and most direct lines, it
will be seen, by laying a rule on the map of England from Salisbury
to Manchester, that a course due north and south between th,se
places will pass very nearly through the towns mentioned in this
prospectus, as being on the proposed line ; and actual measurement
has shown this line to be the shortest between Southampton and
Manchester by 2G miles. .

By the construction, therefore, of little more than GO miles of
rail, as here proposed, the shortest, moat direct, and convenient
communication between Manchester and Southampton will be es-
tablished —a line, also, however superior in moitiou to others pro-
mising similar advantages, may yet be considered as competing
with none, but as an independent work, originating at Birmingham
and terminating In the seaports of Weymouth, Christchurch, l'oole,
and Southampton.
In the allotment of shares in this Company the Directors propose
giving a preference to shareholders in the South and Midlands'
Junction Railway Company.
Applications !or prospectuses and plans may be made, and forms
of application for shares had, at the Office of W. B. James, Esq.,
Solicitor, 5, Basinghad-street ; and of the following gentlemen :
London—Messrs. Pepperconic, 2, Old Broad-street; Mr. J. B. Har-
rison, 8, Bank Chambers ; Mr. Thomas Hanbury, 4, Angel-court.
Liverpool—Messrs. Mills and Co , and Messrs. Neilson.
Manchester—Messrs. Houghlaml and Leese, and Mr. William
Marshall.
Hull—Messrs Collinson and Flint.
Leeds—Messrs. Young and Son.
Stratford-on-Avon—Mr. William Bolton.
Exeter—Mr. Thomas Sanford.
Plymouth—Messrs. Hopwood and Palmer.
Birmingham— Mr. Coils, and Mr. John Wright.
Glasgow—Messrs Tassie and Co.
Edinburgh—Messrs. Robertson and Co., and Messrs. M`Callunt
and Co.
Derby—Messrs. Eyre and Co.

FORM OF APPLICATION FOR SHARES.
To the Provisional Committee of the West Midland, Manchester,
and Southampton Hallway.
Gentlemen,—l request that yon will allot to me
Shares of 20/. each in this Company, and I undertake to accept the
same, and to pay the deposit thereon, or upon any less number that
may be allotted to me ; and I undertake also to execute the Parlia-
mentary Contract and Subscribers' Agreement when required.
Name (in ..
Trade or Profession •.........
Reference
Address of Referee..................

Date

THE WEST MIDLAND, MANCHESTER,
AND SOUTHAMPTON RAILWAY, AND BIRMINGHAM.
SWINDON, DEVIZES, AND SALISBURY JUNCTION.
Notice is hereby given, that after the 30th of SEPTE3IBER instant,
no applications for shares in this undertaking can be received.
By order of the Board, G. N. WRIGHT.
5, Basinghall-street, London, Sept. 23, 1845.

MADRID AND VALENCIA RAILWAY,
authorised by an Ordinance of her Majesty the Queen of

Spain
Capital 2,400,0001., in 120,000 Shares of 201. each, Spanish reels
(Vellon) 2,000, fr. 500.
Deposit 21. per Share, reels 200, fr. 50.
PROVISIONAL COMMITTEE.
The Most Noble the Marquis of Winchester, 27, Cavendish-square
The Lord de l'lsle and Dudley, 16, New Burlington-street
The Right Hon. Lord Charles Beauclerk, Chesham-place, Be!grave-
square, and the Riding, Northumberland
The Hon. Charles Pelham Villiers, M.P., 27, Regent-street
Sir William Wynn, Chairman of the North Wales Railway
C. Barry Baldwin, Esq., M.P., 6, Parliament-street, Chairman of the
Paris and Strasbourg Railway
Benjamin Williams, Esq., banker (Mesas. Cockburn and Co.)
William Collins, Esq., M.P. Reform Club
Edward Bates, Esq., Managing Director of the Argus Life Assurance
Company
John Capper, Esq., merchant, 1, Adelaide-place, London-bridge
William Chadwick, Esq., Montagu-square, Chairman of the Rich-
mond Railway
Gideon Colquhoun, Esq., Walmer Lodge, Avenue-road, Regent's-
park, Director of the Worcester and South Wales Railway
Company
William Cooper, Esq., merchant, 20, Mark-lane, and Kingswood
Lodge, Dulwich
Edmund F. Dayrell, Esq., 15, Old Cavendish-street, and Lillingstone
Dayrell, Bucks, High Sheriff of Bucks, Deputy-Lieutenant of the
County, Chairman of the Cheltenham and Gloucester Railway and
Bridgewater and Minehead
W. Eales, Esq., merchant, Mincing-lane, Director of the Direct
Western Railway
Thomas Farncomb, Esq., Alderman of the City of London, Director
of the London and Westminster Bank
Richard Forman, Esq , Upper Thames-street
John Joseph Keene, Esq. St. John's-wood, near London, Director
of the National Bank ohreland
Wm. King, Esq., Director of the Freemasons' Life Assurane,e Com-
pany
James John Kinloch, Esq., 21, Gloucester-road, Hyde-park, Director
of the North Wales Railway Company
John Knill, Esq., Fresh-whart, Thames-street, Director of the
Worcester and Crewe Railway
T. Laurence, Esq., St. Mary-axe, Director of the Direct Western
Railway
Major James Oliver, Lindam, KM., 8, New-street, Dorset-square.
Chain-amid the letteester and Aberyatwith and Central Wales
Railway, and Director of the South Midland Junction Railway
Nicholas 51,`Cann, Esq., 56, Parliament-street, Director of the Man-
chester and Rugby Direct Railway
J. B. Montellore, Esq., 2, Winctester-bulldings
William Nicholson, Esq., 11.4ncliester, Director of the Manchester
and Rugby Railway
g. P. Pratt, Esq.. 55, Lincoln's Inn-fields, Director of the Kennet and
Avon Canal Company 4
Colonel Edward Stopford, 16, Edward-street, Portman-square, Direc-
tor of the Barbadoes Railway Company
William Gordon Thompson, Esq., Director of the South Midland
Junction
8. J. Waley, Esq., 22, Devonshire-place
William Lechmere Whitmore, Esq., 19, James-street, Buckingham-
gate, Director of the London Central Railway Terminus.
BANKERS.
London—Messrs. Curries and Co., Cornhill ; Messrs. Mastennan and
Co., Nicholas-lane ; Messrs. Cockburn and Co., Whitehall.
Madrid—Bank of Isabella 11.
STANDING COUNSEL—Jacob Waley, Esq., Lincoln's Inn
SoLiceroas—Messrs. Keddell, Baker, and Grant, 84, Lime-street.
/CONSULTING ENGINEER—P. Prichard Bay. Eaq.
SECRETARY—F. Kirkham Powell, }CM.
Offices of the Company, 37, Moorgate-street.
The present Company has been formed for the construction of a
line of railway from Madrid to the city and port of Valencia, the mist
central seaport on the Mediterranean. It will open out the re-
sources of an extensive district of country, eastward from the capital,
remarkable for the richness and fertility of its soil, the varied abun-
dance of its production., and the commercial spirit of its inhabitants.
empoweredo
ain
toute
ot
ihf,
ee ThisQr Le, rieat !
intercommunicationwl
owoftashycp fa all tei;ui ete.l
do n a rlfb, t
privilege,st'
wsenais:3:
fete
company.
sini
importance
ach,
ples
ased
gfit
tsoahl
tit
accompany
toerhee,
°arnolu Majestyiwi;
ics
n is
be enumerated-
1. A lease of the line and of its branches for 99 years.
2. The gratuitous grant of such Government and corporation lands
as may be required for the railway.
3. The free use of all timber, the property of the state, that may be
necessary for the works, or for other purposes.
4. The exemption for ten years, to be computed from the com-
mencement of the works, of all import duties on the machinery,
rails, and other articles requisite for the completion of the railway.
5. The entire exemption from all national and local taxes that
could otherwise be levied upon the railway, works, or buildings of
any description, and upon the capital represented by the shares.
6. The Government is not to interfere with the Company's tariff
of charges for the space of forty years from the completion of the
works ; and no revision thereof is to take place on the expiration of
that period that can sink the profits below 15 per cent.
7. The line is to be classed, by a special law, under the title of A
" work of public utility," and as such to enjoy the royal patronage
and protection, and all the peculiar privileges attached to important
national undertakings.
The proposed line, thus largely endowed, is about 240 miles in
length, being upwards of 150 miles nearer the capital than the ports
of Cadiz and the north coast of Spain, and generally nearer than any
other port in the kingdom. Although it has not yet been minutely
surveyed, it is well known that there is no similar district of equal
extent in the kingdom which presents so few engineering difficulties.
Fur upwards of 80 miles the line will traverse the almost level plain
of and emerging from the boundaries of the province, it
will'lei
follow as
nearly as possible the course of the rivers which flow
east and west from the eentral plateau in the province of Cuenca.
and approach Madrid by the valley of the Manzanares. The lin♦
will either pass through or accommodate the most important towns
in the two provinces, which will thus he brought into rapid Com-
munication with the capital on the one side, a seaport on the other.
This railway will be the means of supplying Madrid, containing
300,000 inhabitants, entirely dependent for provisions upon the con-
tiguous provinces, at a cheap rate, with the rich products of the pro-
vinces of Valencia, which abounds in most valuable mines, and is
beyond comparison the most fertile district of Spain.
Valencia, brought by this communication within ten hours' dis-
tance of the chief market of Spain, must necessarily become the
port at which all vessels with supplies for the metropolis will unload.
and the centre of the coasting trade along the whole sea-line from
Barcelona to Gibraltar.
The traffic in passengers and goods now existing between Madrid
and Valencia has been correctly ascertained, showing the following
results :
The annual number of passengers travelling between
Madrid and Valencia, and the intermediate towns, is • -
upwards of 42,000 ; but taking that number at the
present cost of conveyance by stage coaches, private
carriages,
mg,
eighta e r as,
of andgoods
The annualconveyed
ebeatire,n
wagcognovnesy,
from which the return is estimated at
cities and the intermediate localities is 4,900.002 ern ,••
cutthe'lltwbe) £67,800

1,223,400

X 1,291,500

Assuming that two•fifths only of the existing charges
become a source of revenue to the railway, and that
the tariff be reduced considerably below the State
tariff of Belgium, there will be deducted .
• ,

752,320

----
Remains
• • • • • • .g 53 ,880
Supposing that the present tratßc will only be doubled
by the railway, although experience has proved the
increase to be equal to 300 and 400 per cent., there will
be added ..

SJB,BiO

•nd add
For the transport of troops, military stores, &c., which
the Government will substitute for the conveyance by
waggons
25 per Cent., at the least, for the Alicant traffic ..

X 1,077,760

bO,OOO
215,952

£1,343,712

From which deduct nearly 50 per cent. for maintenance
of way, &c. .. • • .. •• • •

671.256

.. /3471,856

Leaving a net profit of
Or of nearly 28 per cent. upon the capital.
Tho capital now proposed to be raised has been estimated, by
competent authority, to be amply sufficient for the completion of the
railway, including stations, a double line for rails, and the workine.
•

_ .
plant.
~ authorhice the erection of an electric tele-
graph royal
- --' w • protection of the Government, and
railway under
with all the railways that intersect the kingdom
the
uniting it with . .
closel unit' tlotrealiinnet:ehsipeleicLvilllanswer the double purpose of placing
main termini in Madrid, to which capital maritime
and
mercantile intorma ion ot* from the Mediterranean QM be instil*.
and niesr3c.
n I communicated.
taotu-thlrd of the shares are, by the terms of the conc,ession, con-
ceded to Spain.
The locale of the Company will be in Spain, and it will be framed
on the principle of a eompania a»onima, agreeably to the commercial
code of that country,
grail
)::11Vale:hg:ir COll.
The affairs of the Company will be conducted by a Board of Di-
rectors in London, assisted by a highly influential Committee in
Madrid. The remuneration to the Directors will be made in ac-
cordance with the plan usually adopted in continental railways, and
that to the ConceaSiollaires consists of a mere contingent Interest itt
two-twentletits of bet profits, after five per cent. shall have been sa..
cured to the shareholders.
A deposit of 21. per share is payable on allotment, and no future ,
call will exceed 21. per alum, of which two months' notice at least
will be given.
. .

Applicatians Inr shares, according to the subjoined form, to be ta.
dressed to Messrs. Redden, Baker, and Grant, solicitors, 34, Um..
street, London ; to Messrs. Hutchinson and Son, stockbroker's, Loth.'
bury Messrs. Carden and Whitehead, Threadneedle-str;:et ; Mese/v..
Johnston, and Co., Manchester ; Messrs. Townley lind Whitehead.
Liverpool ; Messrs.. Wreforcl, and Co., Bristol; Mr. Lea, Birming-
ham; Messrs. Watson, and Co., Leeds; Messrs. 'Wilkinson and Earle.
Hull; Itiossrs. Buchanan and Aitltjn, Glasgow; Mr. W. Gordon.
Aberdeen; Messrs. Labertouche and Stafford, Dublin; and to the
Secretary, at the office, 37, Atimgate-stroot, London.
London, Sept. 10, 180.
FORM OF APPLICATION.
To the Directors of the Madrid and Valencia Railway Company*
tn Geatleen,—l request you will allot me s. arcs of
each in the above Company; and I hereby undertaketo accept *
same, or any less number which you may appropriate to and).l4
pay the deposit thereon of 91. per share.
Dated this day of

•
1845.
Name ..
Residence ..
Profession or Trade • • • • i• • •
Moe of Bug near •
Referents ••••••• • • • • • "

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