The Sun.
London, England, 1845-08-27 00:00:00

SOUTHWARK ELECTION
lIEE7ING OF SIR WILLIAM MOLESWORTH'S

; T HE LAW RELATING TO SHARES

FRIENDS.

AND SHA RE BROKERS.
(From the Leeds Mercury.)
[We have thought it would be extremely useful to the
Dumarous classes of persons now interested in shares,
know what kind of dealings are legal an what il-
le gal—what liabilities accompany these transactions—
ed what is the exact position occupied by share-
hs-okers in the immensely numerous operations of
w hich they are the mediums. We therefore submitted
some questions to one of the most eminent solicitors
i n Yorkshire, John Hope Shaw, Esq., of this town,
isnd have obtained from him a regular professional
opinion upon them, very carefully prepared, and
which he has taken every means to render as accurate
as the present state of the law will permit. Mr.
Shaw's opinion is as follows ;]
The right and liabilities resulting from contracts for
shares are subject to uncertainties. Some of these un-
certainties arise from unsettled questions of law; others
from the rules or customs of brokers, which may
vary in different places, or in the same place at different
timee. The rules of an Exchange. when not in them-
: selves illegal, or varied by the terms of a particular cion-
tract, bind the brokers who belong to that Exchange,
and through them their principals. They are considered
as engrafted on the contract, and becoming part of it.
When the contracting parties arc net members of any
Exchange, or not both members of the same, the ruses
of any particular Exchange are not binding upon
them, unless adopted either by express agreement
or by their course of dealieg with each other ; but
local customs, if known to them, and general eustcnv,
whether known to them or not, are cousideri:cl as en-
grafted on their contracts, provided the customs are
legal in themselves, and are not inconsistent- with the
terms of the particular contract.
For these reasons it is impossible to frame directions
specifically adapted to every case that may occur. All
that can be done is to state the general law so far as it
has been settled. It must be left to each individual to
ascertain for himself how far the application of that
general law to bis own ease may be modified by the rules
or customs of the particular Exchange or district-where
his contract was made.

,?Z ELA 'FIVE CL(
RA IL WA

SING PRICES OF

Y SHARES
THE
'D TOWNS IN ENGLAND,
AND IRELAND.

A meeting of the supporters of Sir William Molesworth was
bald on Monday evening, at seven, at the Bricklayers Arms.
Old Kent-road, to hear an address from that gentlema in
• exposition of his political principles, and to take measures to
secure his return to Parliament. r, John Donkin was called
to the chair.
- The CHAIRMAN made a few observations relative to the
business of the meeting, after which he introduced Sir William
Molesworth.
Sir WILLIAM Monaswearn on rising to address the meet-
ing was received with great cheering. He addressed him-
self first to the circumstanses which had led to his being
brought forward as a candidate for the representation. On
being applied to, he asked the question, was it probable that
the Liberal interest would unite in him ? The answer was,
that after the merits of several candidates had been fully can•
!fused at several meetings of the electors, they had selected
him in preference. He then at once consented to come for-
ward.—(Cheers.) Since then the Maynooth question had
arisen, on which much irritable feeling had been excited. He-
wes lorry, however, to say, that many had not seen the political
necessity of that measure, and that the sense of justice to Ire-
land had not led to a more liberal construction of that
grant. It was, however, no wish of his to blink this question.
and he would at trice say, had he been in Parliament, he
should have supported that grant as an educational measure,
And as a measure of state policy.—( Cheers.) He was gene-
rally opposed to grants of public money for ecclesiastical pur-
poses ; hut, under the peculiar circumstances of Ireland, he
thought it was wise to allow that grant. It was a contract
entered into at the time of the Union, that a sum of money
should be applied for the support of an institution to educate
the Roman Catholic priesthood. The grant was to prevent
the priesthood of that country from going ;abroad to be edu.-
wed, and there acquiring principles obnoxious to the Go-
vernment at home. The Hon. Baronet here went into de-
tails on this subject in terms preeissly similar to those
.vre have given in former reports. He regretted
his views had not given satisfaction to some parties in the
borough, who had gone so far as to prefer the return of a Tory
to a wiig•Radical, as he had been called. Himself and friends,
however, did not participate in those feelings, for he would much
rather prefer the return of Mr. Miall than that nondescript }po-
litician, without principles and without opinions, Mr. Pitcher.
If any means could be adopted by which the sense of the Libe-
ral interest could be taken as to which candidate was most ac-
ceptable to it, he should be glad ; anti he would pledge himself
to abide by any arrangement that might be come to, so as to
tevent any division in the borough, and the return of a Tory.
The Hon Baronet then went into a general statement of his
Political views nn the corn-laws and free trade, the suffrage,
trieiitial Parliaments, vote by ballot, &c., in effect, similar to
that we have previously given ; and concluded by expressing
?tilling to answer any question.—(Cheers. )
An Ell,c-is?ft asked if he was willing to allow the colonies
to send representaris-ZS to Parliament?
Sir W. MoLEsWORTH Oswered, that considering the im-
•Inesise distance of many of stir cohniii; he would not pledge
himself to support them sending Members here, but he would
advocate their having the freest possible Government at home.
This would he much better than to give them a mere factitious
representation by sending members here from the antipodes.
Mr. RHITII said that he considered Sir Wm. Molesworth a
renegade, as he had formerly supported universal suffrage.
Sir W. Mongswoierst denied this. He had never sup-
Ported eniver,al suffrage. Even at Leeds, where there were
Mora Chartists than in this borough, he had never yielded to
that cry to gain their support. He was favourable to the
fullest ottersion of the suffrage as educttion and intelligence
advanced.
• Mr. BRETON moved a resolution to the, effect, that after
hearing Sir W. Molesworth in explanation of his political
Principles, the meeting considered him eminently qualified to
*represent the borough in Parliament.
Captain. Hawattens seconded the m. Lion.
On the Chairman rising to put the resolution, a person, who
Rave his name as John Smith, rose to more an amendment.
Objection was taken to his speaking, as not being an elector.
On the question being put direct to him, he declared that he
Ras one, when he was allowed to proceed.
The amendment being seconded was put, and negatived, and
the original resolution carried by a large majority.
The meeting, after a vote of thanks bad been tendered to
the Chairman, separated.

PRINCIPAL . CITIES AD
SCOTLAND, .

The general law applies to three distinct stages in the
progress. of a railway share from its inspection to its
completion. The first of these stages is the formation
of the project, usually announced to the public by a -
prospectus—the second is the allotment of scrip—and
the third is•the passing of the Railway Act.
In the first stage (i. e. prior to the allotment of scrip),
no valid sale can be made. Even with respect to any
joint-stock company commenced before Ist November,
1844, the validity of such a sale was extremely doubt-
ful ; and the Joint-Stock Companies Registration Act
(7 and 8 Victoria, chap. 110, :wet. 26) provides, " with
regard to subscribers and every person entitled or
claiming to be entitled to any share in any joint stock
cempany, the formation of which shall be commenced
after the Ist November, 1844, that until such joint stock
company shall have obtained a certificate of complete
registration, and until any such subscriber or persen
shall have been duly registered as a shareholder in the
said registry office, it shall not be lawful for such person
to dispose, by sale or mortgage, of such share, or any
interest therein ; and that every contract for sale or
disposal of such share or interest shall be void, and, that
every person entering into such contract shall forfeit a
sum not exceeding 10/." Registration must therefore
precede sale ; and, as it is required by the 7th section of
the Act that the. registered de. d shall state in a
schedule, "'the -number of the shares which each sub-
scriber holds, and the distinctive numb. rs thereof," the
allotment of shares tnust precede registration.
In the second stage (that of scrip) the 26th section of
the Registration Act continues,to operate until the regis-
tration both Of the company and of the individual share-
holder has been completed. Whether contracts for scrip,
after registration, but prior to the passing of the Railway
Act, are valid or not, does not appear to be yet settled
by any express decision. In the case of Jackson v.
Cocker, decided by Lord Langdale in 1841, and rt ported
in 4 Beavan 59, his Lordship said of scrip that it was
'` commonly, but very erroneously, called shares," and
that " the Act alone, when passed, constitutes shares,
and makes them transferable." He added, that the
legality of sales of scrip was " a question worthy of the
moat serious consideration," and that he was "by no
means disposed to treat lightly the " suggestions of
Lord Tenderden in Josephs v. Pebrer" '"(3 B. and
C. 644). Lord Langdale, however, did not • decide
the question of legality in Jackson v. Cocker, as it
was unnecessary to do so ; and the decision in Josephs
v. Pebrer was founded on the 18th sectien of the 6th
Geo. 1, chap. 18, which was soon afterwards repealed by
the lit section of Geo. 4, chap. 91. But one of Lord
Tenterden's suggestions in Josephs v. Pebrer (and it
was probably to this suggestion that Lord Langdale
meant chiefly to refer) is, that " trafficking in these
hares may very pessibly have been illegal at common
law, as it was a bargaining aid wagering about an Act.
of Parliament to be obtained in future." The ques-
tion at common law remains still open. '1 he 6th
Geo. 4, only repeals the stati,tory prohibitions of
6 Geo. 1 ; and it does so on the express ground
(stated in its preamble) . that "it is expedient"
that such matters '" should be adjudged and dealt
with in like manrer • as the same might have been
ad.) ueged and dealt with at common law, notwithstanding
the said Act." But the common law objection appears
at pr. sent to rest chiefly upon Lord Tenterden's sug-
gestions in Josephs v. Pebrer ; and his Lordship's ge
neral doctrines on this chies of cases have been con-
sidered unsound by very eminent judges. The Joint-
stook Companies' Registration Act, which passed in 1844.
may also strengthen the argument in favour of sales of
scrip a'ter registration, as it expresste provides that the
contract shalt be void when made before registration,
which provision would have been unnecessary if it w•
r.-
void already; The question, however, cannot be con-
sidered finally settled till it has been judicially decided.
It was expected to be raised in a case at the last York
assizes, but the case was compromised.
In :he third and - last stage (1. e. after the Act has
pasted) a contract for sharps to clearly valid.
A contract for the delivery of shares at a future day
is not in itself illegal, nor does it become so merely. be-
cause the seller does not actually po..less the shares at
the time of the contract, The eontrery doe'rine was
once laid down at nisi priust by Lord-Tenterden, with re-
ference to a stele pf goods (Bryan v. Lewis, Ryan and
Moody, 386) ; but the case went off or, a different point;
and in
.the epee of Hibblewhite v. 3slfMorine, 5 Meeson
and Welsby, , 462; (which was upon a contract fur the
delivery of rail Way shares at a future day,) Barons Parke,
Alderson, andgaule.orerruled Lord Teuterden's dictum
and held thiscontract legal,
The buyer and eelier of shares have various remedies
against each other. The usual one is, that the party
who was ready and offered to perform his part of the
contract ig due time recovers from the other the diffe
reit T I)CtliTen the contract price and the market price Kt
thy timP whep the shares ought to have been delivered
or acceptettaseGainsford v. Carroll, U. and C. fi':4.—
Boorinan v. Nash, 9 B. an 4 C. 144!--Stertup v. Cortazzi,
2 Crompton, Mt-Art.4.n, and Roscoe 165. An aunt sale
or purchase in the market' of ^the shares contracted for,
if made within a reasenable time (see Stewart v. Cauty,
Meeson anti Welsby, 160);• and after not'ce to the de-
faulter, is the most satisfactory teat of this difference.
• But (except where required by the terms of the con-
tract, or by some special rule or custo►n binding en the
parties), it does not appear to be indispensably neces•
4r)• for ;,bp
_pnrpnsp 9t. qtpporting an action.—Leigh v.
Paterson, 4 Tonton. 449..
In all Railway Companies formed since Ist November,
1644, and in any other companies to which the Registra-
tion Act may apply, the liability of a regNered-hare-
holder to the debts and engageinente of the company.
eontinues- after he has sold his :;hare, until the transfer
of it to the purchaser has been registered. See 7 and 8
Victoria, chap, 119, ;melon 13. In companies to which
the Registration Act does net apply, the liability de-
punts, upon the particular Acts by Which eaph company
is regulated,
A broker is personally PAIR for the fulfilment of his
contrauts, unless his principal be named -or known to the
other party at the time the contract is made. The mere
fact of his being a broker does not exempt him from fe,r-
sonel liability, if the etintractbe madein his own name, and
without disclosing his principal l nor can he relieve him-
self from liability, when once ineurred, by diselosing his
principal afterwards—Magee v, Atkinson, 2 Meeson and
Wolsby, 440.- In such a case, however, the other con-
tractieg -psrty has the option of proceeding against
eithetthe broker, or tbp subsequently disclosed principal,
though 'he may have originally tiehited the laroker—
Paterson v. Gandasequi, 15 East, 62. And this option
is not Lost, :}tough he knew at the time of the contract
that the' broker Wee for anrincipal, unless. he also
knew who the principal was—Tikompeen p. Davenport,
9, B, 13„ 78. But if he knew at the time of the ton-
tract who the principal }fast and ,vith a full knowledge
of that feet chose to debit the *putt 4 cannot after-
wards resort to thn principal ; or if in such a case bp has
debited the principal, hp cation; afterwards charge the
agent (per Litticclale J. iq Thokilp*Qn p. 1:J-401100e Pe
B. and C. 90).
• • - -

Another meeting of the electors of Rotherhithe and
liermoncl.:ey; favourable to Sir William Molesw..rth,
was he'd laNt evening, at the Jamaica Tavern, Rother-
oithe, to hear a statement from that gentleman, illustra-
tive of his political principles, and to take measures to
secure his return for the borough.
Captain Barnard was called to the Chair.
The CHAIRMAN opened the proceedings by stating the
Objects for which the meeting had been called. It was
to hear a statement of Sir William NI. lesworth's prin-
ciples, and to pass resolutions founded thereon.
MOLESSVOIrTH commenced his address be say-
ing that he appeared b• fore them to solicit the hot:our
Of being their representative in Parliament.—(Cheers.)
There were :two candidates in the field. Mr. Pilehce,
Who was a Conservative, and Mr. Miall, who differed
lery.httle from himself, and for whom personally he had
the. greatest respect.—(Hear, hear.) Mr. Miall had
,otated that he would rather that a Tory was returned
than a Whig-Radical. He (Sir W. Molesworth) did
. .
1144 participate in that feeling, and he was •perfectly wil-
ing to leave it in the hands of the respective committves
to take the sense of the Liberal electors of the borough
ill any manner they might think fit ; and if they decided
ilgainst him and in favour of Mr. Miall, he would at once
retire, and assist by every means in his power to return
!Ist gentleman to Parliament. At a meeting held last
hig:;e„Mr..Miell had been set forth as the champion of
teligtoir. freedom.- That gentleman could not be more
LI than higiself. lie (Sir W. Molesworth) was against
'll interferencit with the opinions of others. He would
Ord the fullest lihtirty of thought to Protestants,
,Itholies and Disseaers. Jews or Christians on the
1411tter of liberty of speech :::re the same to him. He
rould make no difference between Cum in the eye of the
44gislature.—(Cheers.) He had always voted in ne•
lordaece with those principles in Parliament, and he
tight inform them that the emancipation of the Jews
invariably received his support. While these were
's general sentiments on religious liberty, be would
i /ithlrm the meeting, for he had no wish to blink any
O+aut;~n,
that be was in favour of the Maynooth grant,
tittlidhe„d lie been in Parliament he should have voted for
'4 lie supported that grant as a measure of State
necessity, and as an act of justice to Ireland. A speaker
at the meeting of last night, to which he had already
ieferred, (the meeting of the 'Anti-State Church Asso-
ciation,) in referring to what he (Sir Wm. Molesworth)
risi declared on this question; charged him with gross
tinnesty. The opinion of any person;who could so far
forget
himself as to use such uncourteous expressions was
.110 t entitled to much respect, Still he denied, in t,to,
14 charge. So far from being dishonest or shuffling. he
on-orery occasion, openly and freely expressed his
stews on this question. This, too, when he might have
evaded the giAjeet altogether, it being retrospective,
d involving its point relative to future rilicy.
The Honourable Baronet then proceeded to place
Ilefure the meeting his general political views—
^ substance the seine - as what we have already
fiven. He was in favour of the extension of the sut-
ra, ge, triennial Parliaments and vote by ballot. He was
440 an unqualified free tra'cler.--(Cheers.) He had al-
'",ny been so, and was one of the first in Parliament to
topose a total repeal of the corn.lates. He held this to
the great question of the day, paramount to all others.
""'Re bp corn led to an increased consumption of mannfae-
fZres. facilitated exchanges between this and foreign
s'ontries • and while it furnished the working ela,-ses
-With •low-prieed food. it enlarged the field 'olemploy-
retlt, and raised the rate of wages.--(Hear, hear.) He
14 now stated his views on all the leading politicil
questions of the day. Should they do him the honour
14f returning him to Parliament, he should be most
/PPy, and he would do his b. st to serve them ; and it
itt h:_w future time a majority of his supporters were
4iseeti,fieLl with him he should resign his seat into their
ends, He woLLI,I now submit himself to answer any
question that might be rroposed.--e(Cheers.)
An ELECTOR asked if Sre William Molie,worth had
sighed a petition against the Maynooth,grant ?
oh. W. MOLESWoRTH answered--NO.
fir. MADDOX, of Thickhead, then mend the usual
in_ Toulution, that Sir William Molesworth was a r 4 and
proper person to represent the borough in Parliament.
ass
speaker, in the course of his observations, said he
•04% the peroonal fidend of Mr. Miall, but seeing no
''tnee for him, he came forward to support Sir William
,ules:eorth.—[On making this declaration, he was as-
fled by by e person in the meeting, who shouted " That
4; Was a turneCiat, and that he had changed his Anti-
-synooth prineiplo." Considerable interruption. and
o nfusion wascreau,:d in the meeting by the proceedings
te
Ai this party, it being .eelf-evident that if he was an
iioti-Maynoothite, he was, tri. All eveats, not an Anti-
leohanalian.]
• Mr. VousELEv seconded the resolution.
Chartist in the meeting endeavoured to speak,
but the feeling of the meeting being altogether against
, after" several ineffectual attempts to speak he de-
.
The resolution was then put and curried all but una-
etiaotiely.
vote of thanks was then given to the Chairmar,
'""011 the meeting separated.

MEETING OF MR. MIALL'S FRIENDS.
The friends of this gentletuati had a meeting last even-
at the London-bridge House Hotel, Mr. Apsley
i'ellat in the chair ; at which, after hearing an address
IlliallYxposition of his principles, a 'resolution that Mr.
was a proper person to represent the borough in
"lament was proposed and carried. The speakers on
Fe occasion, in addition to the candidate, were Mr. R.
..flining, Mr. Joseph Stamburn, the Rev. James Lyon,
'44 Dr. Price. The meeting was a very full oae.

NEW Msrriion OF PROTECTING WOOD FROM SEA' 1
WATER INSECTS.--Captain Sir Samuel Brown, R.N., in a
letter to Admiral Sir Byam Martin, states that from numerous
experiments and observations, he is satisfied 66 that at present.
there is really no specific remedy against the attacks of the in-
sect called by entomologists ten-do navalis. or sea-worm, ex-
cept
iron nails." He proposes to enca,e the pile with broad-
=--- headed iron nails, resembling scupper nails, but considerably
I..rh. Board of Trade have issued circulars to the larger, and says that in the course of a few months corrosion
iadort and Croydon and Eastern Counties Companies, recom- takes place and spreads into the interstices. lie further rug,
am
ending the abolition of assistant engines behind a train. gents the adoption of square-headed nails, which leave the
;I`i 13 , smalle_stspoisiiehleae,xtent of the surface of the pile exposed. Ex-
kik_ 1E ILIVER STEANIERS.—AItbough there are a
d the Trinity Pier,-Newl , and Bri [von
I„fithe: of very fine boats employed at this moment in carrying Unr"F".'
s,,"sengeri on the river, we have reason to know that there are r the effectiveness of Sir , Brown `s
ter, have filly established. Newhaven,
8 B 2 ,
method.— The 17,11der.
iitlqal very pld crazy steamers at work for the same object.
Itl e manner in which persons receive their tickets for these FIJI.FILMFNT OF PRoettEcy.—lt is very rettinitic-
te'?rt voyages affords 1.-put little opportunity for them to discri- able that Monsieur Arago, the French astronomer, whose
44te in the selection of the steamers in which they are to predtetion that the Seine would be frozen over, this year, on
embarkitll ; but it is really necessary that they should exercise the Bth of March, was so singularly realised, has been esoally
134 e caution. On Sunday last one of these old steamers sunk right in his anticipations as to the very day %shell the wet
411)triLthe Red House—fortunately no lives were 104, but such summer (which he also predicted) would end. He foretold that
sta-,;.,"er escape may not occur again. it appears that notwith- the weather would change on the 20th of August, and so it
',uing all the talk that this subject has given rise to, steam- did, after a st-.rm, which has left behind it fearful trattes
'l'B are still without any efficient regulation as to the number in France. If the brilliant lieptemlaeri which MOnfipir Asap
,iteel"sengers they may carry, or even their fitness for the ser• now announces, come true, there will be nothing to retard tile
tf-:,it: all. The pier that has" been so long in construction at development of British industry in the dearth, or dearness, of
haT,friarg..bridv is still unfinished, and if there is any trg-h fo 11, .or never was the ground so loaded with produce,—the
tiitue report pi ;be amount of competition amongst the st, amers green crops, vegetables, and fruit, being even more abundant
4, its opening will promote, we think that the City authorities, than the grain.-- iireehiy Chrquirlf:'
f
vi.: It_ tiler her Majesty's Government, ought to interfere to l'un ItErmccALTE CoNvicTs.—Active mei:slue:,
•
hei:pit the establishment. of zitusaneas •. C> injurious to the are now in progress in the town of Neath, for the purpose of
itleirbourhood arid so dangerous to the public.' We ere Quite petitioning her Majesty praying for a remission, or at least an
ill that instead of affording protection to the public, it will i.)e arplieration of the punishment now being undergone by the
t; rhesus of occasioning n;0.41 fearful ,ccidents. Cheap scam, unfortunate au, ir.lsvided individuals who were cnglged in
414, et' by land or water, however sLcsirg,hle, is always danger- the Reheecaite distabataces. 4 corinlittee is forming of
~.... r: -
lr.-ECTRICAL RAILwAY many influential parties in the neignnourhood to romilarcitna
t TRAIN INDICATGIi.----s4st a object of the memorialists, and we cannot refrain frOin wishing'
b meeting of the Academy 4 Sciences in Paris, M. tilcpes; to their endeavours, since in many cases the violators
NV_ ardin, the inventor of an electrical tete of the laws were e,-., cio4bt Ig4 to the eom!pissiol? of the crimes
eitt'it_ for rendering this invention valuable as"a-titeana
.7.7 - SUbmitted a
for indi: for which. they suffered by the exeiteme4t waieh prP3,064 4t•
I,artF_ff the precise position of a railway train upon d'ff tht. 941e,-- Welshman.
t,rill'iof the line, lie.mposes that as a locomotive saisa"?'-' I 'i.in• '''''C'On' 4:'ff'"flie !or the last Weck, on nearly
4114 4 °ack'S it shall touch a pring in connexion with tihe e:ii.e): I I:Btett mile; of foli-71-.4-, 6.6. as 116(3;2.51,7., of t'vhich 0,873/.' was
t;• s' thus . •
--- _ lgtt, Lommunteate with the index of the station by certain ' received for the conveialice ..i psstrieers, and 22,0601 for the
Previously agreed on. .. ~
i carriage of goods: bong an ineNak"orce qfe ecrres?onding
week of last year of 17,50 v,

THE
_RTN, LONDON,...'WEDNESDA V MO RWING, AUGUST 0, 1845,

ter. iz. 6d. prem.—South Wa 5/. 104.-17.x0t,,r and Ore-
diton, 9.

riUDDERSHELD, Aua 23.
STOCK ExcITANGE.—The sales are-Shrewsbury, Here-
ford, and North Wales, 4—Glasgow • and Dumfries, 30s.—
Liverpool, Ormskirk, and Preston, 714.
HULL, AUG 25. • -•
STOCK EXCHANGE. —The sales are—Hiiil and Selby, Halves,
24—London and Croydon; New, .2
—Midland Railway Con-
sols, 40/.'Sliari..S,,2o:!,i—YOrk and North Midland Extension,
241. 18s: 9d.—Blarkburn, Darwen, and 80!t0ni9,4 :4—Great
Grimsby and Sheffield, 10,—Dirto, Quarter Shares, 31. 7s.
—Grimsby Dock Extension, 414—North British, 3114-;
Ditto, Half Shares, 9%—East LinCoinshire, 13s. 6d.—Glas-
gow and Dumfries, 30s.—Great Eastern and Western, ;:s.
fid.—London and Birmingham Extension. 20s —Manchester,
Buxton, and Matlock, 814—Newark and Sheffield, 314—
Nottingham and Boston, 14,4.—Nottingham and Mansfield,
25s.—North Staffordshire, 61A—Rugby, 2.3 i —South Mid.
land, 81A—Shrewsbury and Trent. Union, 314—Wakefield
and Bradford,- 2—Yorkshire and Glasgow Union, 10s.
YORK, A UG. 25.
STOCK ExcnAsat,..—The sales are—Eastern Union 'Ex ten.
slim, 314—Great North of England, 220—Ditto, New, 32
London and Croydon, New, 04 prem.—Midland, New,
27—North British, New, 914—York and. North Midland
Extension, 2434—Leicester and Bedfortk, 3%—London and
York, s:4—Manchester, Buxton, &c., B%—Newcastle and
Berwick, 24—Nottingham, Eyewash, and Arnbergate, 51.
14s. fid.—North Staffordshire, 14s. td.—North Western,
414—South Midlands, 9 —\Vakefield, Pontefract, and
Goole, 4814.
MANCHESTER. SHARE MARKET.

The following is an interesting communiration from Messrs.
flailton, of Manchester, respecting the share market :
" During the present week the share business in Man-
chester has been conducted in a more sensille and rational
manner than heretofore, by its separation from that impe-
tuous, pushing wildness noticed' in our last. Itailwal
schemers, however, always on the alert for new "goes"
quarter themselves, like tape-worm-7 links, to engender
lengthened ei,ease, and thus they now blazon. their. tinsel
pretensions through the southern publications, in juxtapo-
sition with the firmly-established brilliancy of the fame.of a
well-known railway director, while they tacitly hint to the
inhabitants of those distant localities, that they should follow
the exatnple cf the inhabitants•of Manchester, who have, it
is stated, heaped, Irian no. doubt, grateful admiration, six-
teen hundred guineas worth of plate upon the head of another
scion of the intuitive wunder-working genus of railway
perfection. Whilst this is taking plate in the south, we be-
hold in the ncrth persons already weighed down with rail-
road premiums, inviting their friends and favourites to par-
take of the good things connected with provisional direc-
torship, of which themselves are already full to repletion.
This kindness and consideration gives-the eel& of a; better
and more attractive variety of names than repeating the
same set too often. ' Golden returns, without personal
trouble, beyond opening your .purse-strings for the first-
fruits,' might be their cry—reckless of .the deluded sufferers
that must bring up the rear. It is pretty well-known how
sharply and extensively the share markets have, of late,
been haunted by the ghosts of scrip, and the fearful hob-
goblins are not yet laid. Itidroad proceedings, in their most
desirable form thr public utility and sound attraction for the
outlay of capital, should take their origin and be carried for-
ward be those most interested in the neighbourhoods in.
which they will run ; and not by windy busy-bodies, whose
leading object is to carry oil' the easy sweets, and cast the
sours behind, upon the most extensive' scale; and the sooner
such itinerants are shouldered back to their own localities,
the better will their earlier habitual vocations flourish, and
all other interests be more likely to harmonise in that good
and honourable fellowship now so much required."

PONTOP AND SOUTH. SHIELDS

RAILWAY.

The general half-yearly meeting of the proprietors in this
Railway Company was held yesterday at the Company's office,
G uildhall-buildings.
Mr. R. B. Rennie, in the absence of Mr. Stephenson, in
the chair.

The report having been read by the Secretary, which stated
that the working of the line had been very satisfactory, and that,
owing to several reduci ions, the Directors were enabled to state
that the net profit for the half-vear was 10,417/. Its. 6d.,
which sum, with interest, was chargeable upon the debt of the
Company, amounting to 4,757/. 10s., leaving, with a former
balance of 465/.. 183. 3d., tke sum of 6,126/. Os. 9d. appli-
cable to a dividend; and the Directors, therefore, re-
commended that a dividend of a share for the half-
year be agreed to by the meeting. The quantity of
coals shipped had been 398,000 tons, being considerably
more than the quantity in the corresponding last half-year.
The charge upon the Company had also been reduced by the
liquidation of debt to the amount of 18,000/., bearing 5 pet
cent. interest; and the Directors had also been enabled. to
reduce the interest upon the mortgage debt of the Company. By
these tnet.na, the annual debt of the Company...would be reduced
by 1,1001., which wouln be, in fact, --so much added to their
income. Si ce the last mettiag of the Company, the regula-
tion which had exist:Al-so-long (for upwards of a century) tor
limiting thz motiihlyquatititics shipped by each colliery, usually
!Mown as the vend, had ceased, and the immediate consequence
Of breaking up the regulation had been a considerable
reduction in the shipping price of coal. • The reduction, of
course, bad been severely feet by the owners of collieries using
the Pontop and South Shields Railway.
The colliery owners, therefore, strongly urged upon the
Company the reduction of the tolls upon the line.
The Director. therefore, had had an interview with the
colliery owners, but had not decided upon the course to be
pursued.
The report was then received and adopted by the meeting.
A desultory discussion then' ensued as to the terms to be
offered to the coal-owners, but nothing definite was agreed to.
Thanks were then voted to the Chairman, and the meeting
adjourueJ.

DISS, BECCLES, AND YARMOUTH

RA I L WA Y.

A g, ner4l meeting of this Company was held yesterday, at the
London 'I avers, Hr. C. lieewieke in the chair.

The SECKETA ItY having read the advertisement convening
the meeting, laid before the Proprietors the report commenting
on the withdrawal of the liill from Parliament. The Directors
having previously agreed to return one p,tund to the Share-
holsters in ttle event of non-success, a meeting in February last
released them from that engag► ►nent. An investigation of the
traffic tables having been made, it has been found advis•
able, from the great advantages anticipated as accruing
from the full support of the Yarmouth inhabitants,
to make arra•tgements for a new. Company, Called the
Waveny Valley Company, giving preference of shares
to the shareholders of this Company, to the same extent
as their present interest. They will, therefore, be
entitled to the same number of shares in the new
as in the old Company. The D►rectors, therefore, were
enabled to return ttie Sum of 11. 2s. ed. per share to the
present scrip holders, which far exceeds what the surplus
of the original deposit would have allowed, had not this
agreement been elite' ed into.
The report was then adopted unanimously, and a vote of
thanks having been accorded to the Chairman, the meeting
separated.

INCENDIARY FIRE AT FOLKINCIIAM.—At three
o'clock on Sunday morning the inhabitants of Folkingham, in
the county of Lincoln, were suddenly alarmed by a cry of
" Fire," and great numbers rose from their beds and rushed to
the extensive stack-yard and premised at the back of the Grey-
hound Inn, occupied by Air. Casswell, where they found a
large granary filled with oats enveloped in flames, threatening
inevitable destruction to the surrounding stacks of newly got
the excellent engine provided for the town by Sir G. Heath-
in hay. Water trem.a neighbouring
cote; and to this circumstance, combined with the wet state of
wed supplied in abundance
the owing to the heavy ram which had been falling
withoutintermission csin for two hours. may be attributed the pre-
servation of property amounting in value to several thousand
pounds. The fire for a considerable period raged with un-
happily it was confined to the building and the materials inside
it.
occurred is t known, but from the
acibractuekladi°sfruarn tiyis rotlifi niethi
teheenieg[ nut
immense light for miles around, but
building
being Wiled ties it is very strongly
uoujectured to have been the act of an incendiary. Suspicion
tell upon sonic Irish labourers in the neighbourhood, with whom
some unpleasantness had taken place a day or two before;
there, however, was not proof sufficient to warrant their ap-
prehension. The alarm was given by Thomas Burrows, keeper
of
th
New lon tap, which is contiguous to the stack-yard.
This is the second fire that has taken place upon nearly the
same spot within a few months.

1 ROYAL SEA-BATHING. INFIR-
-1 MARY—MARE ATE.
On Monday the 50th anniversary of the establishment
, of this most excellent institution was celebrated at the
Town-hall, by upwards of sixty gentlemen.
The Right Hon the L, r I Ma) orwas in the chair. Near
his Lordship were seated the Very Rev. Archdeacen
Hollingsworth, Alderman Kelly, Alderman an I Sgt riff
Hunter, Alderman aatl Sheriff Sidney, an I several other
citizens of high standing and character.
- • After the Chairman had proposed, and the company
had 'drunk she toasts of the -Quiet), the patron, and
the Queen Dowager,- the pitroness of the institution,
and the other usual loyal and patriet.c toasts, with great
applatise and enthusiasm,
The LORD Mayon rose to give " Success to the Royal
Sea-Bathing Infirmary." He felt the utmost gratifica,
tion in stating that the infirmary established as it had
been for the relief of the pour who laboared- under scro-
fulous maladies, had been mot rapidly advancing
in utility, and that each 'successive season . abun-
dantly testified to the vast amount of t,.0 el it
effec.ed. In the first year of it, institution 16 patisn's
were admitted : and, in 1844, GS6 was.the number to
which its advantages were extereled. so that it formed
no inconsiderable degiee of pride and satisfaction to re-
flect that the supporters of the infirmary were that
day cr lebrating its jubilee—(Cheers)—that nearly 19,000
patients—most of them deep:y afflicted by the disease
against which the institution was, 1 y the skill and libe-
rality with which it was supporter?, making head—had
derived signal adventatree, which any other mode of
ter fitment was ineapeble of producing, and that the
whole of the establishment was conducte.l upon a plan
of economy, so well regulated, as- to supply the patients
with the sort of Itv:ng which was indispensable to their
recovery.—(Cheers.) The chief expense consisted of
the charges for the articles :constantly supplied for the
purpose of adding to the comforts or those who were the
victims of the -aerially. Of the propriety of supporting
ith all the vigour of a zealous and indefatigable activity
au institution to the excellence of which the united
voice of the higheit medical and surgical authorities in
the kingdom bore most willing and ample testimony,
there could be no reasonable cptestion. The meeting of
that day was ominous of the increasing exertions and
success of the benevolent friends of the institution, and
he felt assured that the jubilee year would be followed
by anniversaries of much larger profit, and th it the
Committee would be enabled to look at it by the side of
other adMirable establishments with some pride of com-
parison.
The toast was drunk with loud acclamations.
The LORD MAYOR next proposed, " The Archbishop
Of Canterbury and the Bishop of Landon, and the
clergy." The two Learned Prelates whom ho had
named entertained the highest opinion of the infirmary,
and manifested that opinion by the most liberal contri
butions, as well as by repeated verbal acknowledgments
of their faith in its efficacy. In fact, to the ministers of
the church the infirmary was indebted for the most
prompt and able support.—(Cheers.)
Archdeacon HOLLINGSWORTH returned thanks en be-
half of the church, and bore testimony to the disposition
of the- Primate and of the Bishop of London to aid the
efforts of the Committee. It gave him, he declared, the
utmost satisfaction to be called upon, unworthy as he
was, to express his feelings by answering to such a toast,
for it was the Primate of England who had advanced
him from the comparative obscurity of a college to the
performance of more important duties.—(Cheers.) It
gave him infinite pleasure to propose the " Health of the
Lord Mayor." It was known to these most actively en-
gaged in dispensing the blessings of the institution with
what zeal and efficiency the Lord Mayor had always
exerted himself for the prosperity of so admirable a
charity.
The toast was drunk with three times three, and
amidst uncommon demonstrations of applause.
The LORD MAYOR returned thanks for the manner
in which his health had been proposed and drunk, and
declared that it W4B peculiarly acceptable to him to be a
witness of such acknowledgments on the thirty-third
anniversary of his treasurership.—(Cheers.) His lord-
ship then proposed the health of Alderman Kelly and
the Vice-Presidents of the Institution.
Alderman KELLY, in returning thanks, said he should
continue to visit on the anniversary day an institution
of which he entertained so exalted an opinion. He had,
when Lord Mayor, in the capacity of chairman, made
that promise, and nothing but bad health should at all
interfere with his determination. He felt high gratifi-
cation in being present at the jubilee of the charity,
and he hoped that Providence would grant him the
privilege of witnessing the day of the celebration of the
present chairman's treasurership.—(Loud cheers.) He
hoped too to see the external appearance of the edifice
bear a more fair proportion to the comforts of the in-
terior, and that a day wo Ad be soon appointed to take
that subject into consideration.
The toast of " The Medical Board" having been en-
thusiastically drunk,
Mr. CURLING returned thanks, and testified to the
satisfactory progress made amongst 4he patients to the
restoration of the blessings of health, through the power-
ful agency of the institution. It was with great sin-
cerity he declared that every thine that could be done
had been done for the comfort and restoration to health
of the patients —(Cheers.)
The Secretary read a list of contributions, amounting
to the sun of nearly 1,0001., bearing some of the highest
names in the country.
His Lordship next proposed the Margate Committee,
and
Mr. Conn returned thanks.
The CHAIRMAN said he felt much pleasure in d: ink-
hie to the health of the Sheriffs of London, who had
shown such read.tiess to aid the institution.
Alderman and Sheriff HUNTER regretted that he had
not been long ago informed of the peculiar advan-
tages of the institution, but from what he had th It day
hedid he had resolved to do all in his power to assist so
excellent a charity.
Allerman and Sheriff SIDNEY said he had hail the ad-
vantage of visiting the infirmary, and he was convinced
from what he fad seen that every effort was made by all
actively engaged in conducting it, to increase its effiacy,
by adding as much as possible to the comforts of the pa-
tients. He particularly alluded to the Lord Mayor,
whose independent spirit as a public man all who were
capable of judging admired, and one of the brightest
gems in whose public life that institution constituted.
The pleasure of the evening was much enhanced by
the admirable singing of Messrs. Charles Taylor, Francis
Fitzwilliam, &c.

MEETING OF THE ANTI-STATE

CHURCH ASSOCIATION.

A public meeting of the members and friends of this Society
was held on Monday, at the Bridge-house Hotel, Southwark.
As it was understood from an intimation in the advertisement
calling the meeting together, that the business would have re-
lation to the pending election, a considerable number of persons
attended.

. ----
:hwriilnlisattnantnetorvotyh,e
coemxemcnuntolyrs,natlhleed
ERaiig.iht
Jermyn,Hon.
'ls'ie,baf;intred,ofoftisieenrsovr'idll, oinf tthhee Rightnnnnty
(Hif'SLotiusCsitehl)xa,tb?eula:tAraFto:: e7;a—roni Woodend,
Right Hun. Charles Viscount Canning, a power being
(12°kto the Right Hon. Charles Augustus Baron Howard
odraFenenrsdeeNdtV;:vh.areeeliden and Seaford, the son, and an executor, to prove
hereafter. He directs that his wife, Anne Louisa Emily,
Baroness Seaford, shall be paid in advance from the jointure
under the marriage settlement, and beqUeaths for her imme-
diate use a legacy of 500/. ; also leaves her the carriages and
household furniture, and that she may continue to reside at
Woodend ; the plate at her decease he leaves to his eldest son.
He directs that the old Montpelier estate in Jamaica shall be
released from al claims prior to those of his wife, and that all
autos due therefrom to the Crown shall be discharged ; and
leaves the absolute interest in all his West India property to
his eldest son. All other his estates, real, copyhold, and lease.
hold, at. Seaford, Woodend, Audley-square, or elsewhere, he '
gives, devises, and bequeaths to his son, Lord Howard de
Walden and Seaford. Ihe personal estate in England is sworn
Seaford." His Lordship died the Ist of July
ulBn4d3er. 2sitg),To,eodol. The will is dated the 7th of September,
~
last, in his 74th year.
EXPLOSION AT BISIIOPWEARAIOUTII IRONWORKs.—
On Thursday, the 21st instant, an inquest was held at Sunder-
land, before Air, Maynard, Coroner, on view of the body of a
youth named William Irving, who had met with his death un-
der the following circumstances :—lt appeared that Messrs.
them down to metal. It was
Richardson and Co., the proprietors of the above extensive
works, have lately purchased a quantity of cannon, bombshells,
IZeirtisnwgere given by the
ineendtiatoms, and the above-
&C., no longer fit for naval se: vice, frOm the Board of Ord-
manager to
nthaencrer,acf(ittitvh(ealt..iudrpsotsreinot
the workmen that this should always be done), before putting
these shells into the furnace, to break them faith large ham-
merelo
inoit Unfortunatelyim me
; but nn Wednesday morning, contrary to these express
directions,tiaoianiio,:i..ds,d,
i.t.
.ihatiri
luti
tatiitiit,;,:aae,,,trivlg.
charge.
rihge:„42asrewl-vga,oeaer
sl
el
of:feal
nrihadsy:
ybmeltodelaw,:nrnni,
years put
o f the
age, furnace
struck
byay whalemo:h:e de:
materials and killed on the spot. Two of the workmdeina,teinti
Joseph Shaw and Edward Pollard, who were some distance
ap
persons been near the fur-
rY. and now 1 e in a very
p
from the pls,:e, were a'so seriously injured. They were re-
mroevceadr i :ion
sB
si
;lbot
ep, u
w e ar
amdo ti y !Iron;
ilec, they must have been killed by the explosion. The jury,
after hearing the above facts, returned a verdict of " Acciden.
tal death."

Mr. APSLEY PELLATT took the chair, and briefly explained
that the Committee of the Association had availed themselves
of the present cri.ical state of the borough to vindicate and
maintain the principles which it was their especial object to
advance.

The Rev. Dr. Cox rose to propose the first resolution,
which embraced a vindication of the voluntary principle, on
which the British Anti State Church Association was founded.
He referred to the objections raised against clergymen in-
terfering in political affairs, and defended such interference
on the ground that the ecclesiastical institutions of this
country were essentially political. The Established Church
was a political church, founded on the parchments of
Parliament—( Hear)—and if they wanted clergymen not_to be
political, it was easy to effect that object by separating the
Church from the State.—( Cheers.) To effect the latter
object let them send right men to Parliament, not men who
would go to sleep on the benches, and vote when they woke at
the beck of the Minister—not men who were willing to swear
anything they were asked, and when they got into Parliament
entirely forgot their constituents and their oaths—not men
such as these, but men who knew their principles, and were
determined to maintain them.—( Cheers.) Now, he had a
friend who had started as a candidate for a borough, not very
far from that—( Laughter and cheers)--and he knew him to be
right-minded, sound-hearted, truly talented, and above all truly
pious, and determined to carry out his principles.—(Cheers.)
This was net the case with every pretender in these days.
—( Great cheering.) The Rev. Gentleman concluded by
calling on the meeting to affirm the resolution.
JOSIAH COWDER, Esq., seconded the resolution.
The resolution was then put from the chair, and carried with
a fssw dissentients.

• The Rev. JOHN BURNETT proposed the next resolution, to
the effect that the recent discuisions in Parliament, on the
Maynooth grant, showed that from the views prevalent amongst
the two great parties of the State, religious liberty in this
country was in imminent peril; and that it was therefore incum-
bent on Protestant Dissenters to return men to the House of
Commons who knew their principles and were willing and able
to maintain them in the Legislature.
The Rev. Wm. FOSTER. seconded the resolution, which was
carried with the same degree of unanimity as characterised the
former one.

Dr. PRICE proposed the third resolution, pledging the
meeting to give its cordial support to Mr. Wall at the ap-
proaching election ; which, having been seconded by the Rev.
G. Rota, was carried in the affirmative.
Thanks were then voted to the CHAIRMAN. and the meeting
separated.

THE LATE ACCIDENT ON BOARD

THE MOONLIGHT.

Last evening, an inquest was held by Mr. Bedford, the
Coroner, at the St. Martin's public-house, Duke-street.
Adelphi, on the body of James Purcell, aged 13, who met with
his death from a frightful accident on board the Moonlight, on
Monday evening last.
Mr. James Coppock, solicitor, of Cleveland row, appeared,
from motives of charity, on behalf of the parents of deceased;
Mr. Catterns on behalf of the Iron Steam-boat Company.
Mr. Edward Richards, of 1, King-street, Cheapside, de-
posed that he was on board of the boat at the time of the
accident. When they arrived at Hungerford she was fastened
to the Prince of Wales. After landing and taking in passengers,
the boat was set in motion by the direction of the captain.
The tore, which had not.been unfatened, caught the boy's leg,
abd cut off his foot, which fell into the river and sunk. No
orders were given to unfasten the rope before the captain gave
the word to go a-head. There was no one on board the Prince
of Wales to let go the rope. If there had, the accident would
not have happened. When a cry was raised, the boat was
stopped, but not before the boy's foot was torn off.
Mr. J. Marsh saw the deceased fall on the meek. Heard a
cry of " Stop her," Then saw that his foot had been torn off
at the ankles and blood streaming from the maimed limb. The
boat was not crowded, yet the lad sat in a coil of ropes at the
head of the boat.
Mr. Walter Scott, secretary to the Harwich and firming.
ham Junction, gave similar testimony. He sat about a itard
from the deceased. He did not see the rope flq.cinal to the
Prince of Wales. When the captain pie the signal to go on,
he saw the rope coil rand the boy's leg. He and others
called pet to (Olsten, the rope, but there was no one on the
podie,bwa, or an board the Prince of Wales, who heeded
the cry A lady came, but she was afraid to touch the rope,
as one of the crew were in the bows of the Moonlight at the
time, A man came up when it was ton late. If the boy had
been on the seat, the accident would probably not have hap-
pened. The rope was a yard from the end of the seat.
Mr. Catterns said it was the duty of the piessaa; SA'sei go
the rope when the word. Was given by the captain.
Mr. Frederick Nicolle‘ 91 the surgeons at Charing-cross
Hospital, proved the qemttou of the deceased shortly atter the
aOder.t o 'M'onday eyening. On elainination he found the
reft Dick had been torn from its socket, and that his right thigh

HERRING FISIIERT.---WIC4, AVG. 2().—The
hag is.eir very gcp,d dwinli last we, the average fur the
lyeg.k vvas about 44 crates. Thursday and Friday evenings
werf rather squally, kind a uuruber of the boats did not go to
sea, T 4 ttygrq? foi, the season will be abuut 68 crane. Fish
eight days cured are selling at Hs. 6d. Yesterday morning there
were very few herrings. Though a few boats had heavy hauls
the average would not be more than I # crane. This morning
The boats are just returning when the mail closed. The Otshin
is very regular, and will incline 49.111 Ave -tg'sja
itt-.V/OCi;
Will am Snow Hart's, Esq., T.R.S., of Plymouth,
has been pre,ented "sit', on elegant vase by his Imperial Ma-
jesty the Emperor of Russia, as a mark of respect for Mr.
Flails's known researches in electricity, and the practical ap-
plication of them in protecting the British navy from the effects
of rghtning, to ghich his 111Siesty was 19(1 t?• dire 4 bi 4 Ai49-
00-,t 9n 'Oar/ the Adkikiralty stemyaellt.—
I.)etto.npoitt 7 eia234.
9,11 W oinesligy last Liptotaut Fißemore, N, of
the pp,si'zt.tay,d Nort,b;note, ii-14do a se:eure on the
4"iaa riilit[tiear'incikvie,h, of one hundred and eleven bales of
unmanufactured tobacco and eleven hales of snuff, weighing
about three tons, supposed to have been landed out of the barge
Friends from Dunkirk, which is now under detention awaiting
the decision of the Hon. Board of Customs. The goods were
taken to the Queen's warehouse.—CgNOury 4urns,l4