The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1852-08-10 00:00:00

One of the correspondents of the Times, who signs

himself " An Old Banker," exprc

early as pass'.

le, our own views upon the subject,

hich are tha

monied interest

I have before long to concede somewhat

to honest industry, instead of, as at present, holding back
the facilities necessary for its full development. He

remarks :

"As I hare, attnoh6.. ...cr, never grudged h.
poorer neighbour his large and cheap loaf (though Lower
rents result from it), so, as a banker (and consequently
interested in keeping up the rate of interest), I will not
attempt to disguise from myself that although for the last
half century every change in money matters—for instance,
the return to cash payments, the withdrawal of XI notes,

luzh a landov;

.
the limited circulation now allowed to country backers,
&c., have all operated in favour of the strong against the
weak—in favour of the lender against the borrower—the
tables are now about to be turned ; and probably, before
many months have elapsed, that broad gulph which has

so long shut out the poor from almost ever hoping to pass
over to the ranks of the wealthy will be passed by a bridge
formed of metal from Australia and California. In one
sense we must all be benefited. The increased supply of
gold must have a great effect in relieving us all from the
weight of the national debt; and to use the words of the
Chancellor of the Exchequer, ' I see relief looming in the
distance.' "
The conversion of that debt into a stock, bearing a

lower rate of interest, will probably be one of the first
striking advantages derived from the abundance of the

basis of money

RAILWAY

INTELLIGENCE

Ronvous COMPETITION.— The competition between
the Leeds Northern and the York and North Midland
and Berwick Companies seems to have reached the acme.
The latter are now actually offering to convey passengers
from Leeds to Newcastle and back, via York (3381 miles
in all) for 2s.

SHREWSBURY AND CHESTER RAILWAY.-110 half-
yearly meeting of the Compnny, to be held on the. 20t11
instant, promises to be one of much interest, the question
being whether the Great Western or the London and
Northwestern is to acquire possession of the line. The
proprietors, it seems, nre, to some extent, bound to the
Great Western; and the offers made by that company are
represented as morn inviting than those of their northern
rivals.

EAST LANCASHIRE RAILWAY.—The half-yearly re-
port of this company states that the gross traffic for the
past half-year shows an increase of £2,860 in the pas-
senger traffic, and £8,828 in the goods traffic, as compared
with the corresponding period of 1851. The loss on the
Leeds and Liverpool Canal arrangement, chargeable to
this company up to the 3Gth of June' last, amounts to
£9,469, of which £6,999 has been debited to the reserve
fund, and the balance, being the loss for six months, has
been charged against the revenue of the past half-year.
The directors will be enabled to declare a dividend at the
rate of 2 per cent. per annum upon unguaranteed stock,
and to carry £229 to the reserve fund. The Bacup branch
will be opened in the course of a few weeks.
PRESTON AND LONGRIDGE RAILWAY COMPANY.—A
special meeting of this company was held on Tuesday, at
Preston, for the purpose of re-taking possession of the
railway and premises conveyed in 1846 to the West Rid-
ing Junction. Mr. T. Clarke, of Preston, presided. The
step was rendered necessary by the refusal of the 'West
Riding Company to pay the annual rent of £3,000 due to
this company.—'Mr. Addison and Mr. Swainson were ap-
pointed arbitrators between the two companies. Those
gentlemen agreed that £5OO should be given to the West
Riding Company, and that upon the payment of that sum
they should give up possession of the line, rolling stock,
and land at Longridge, with the buildings upon it ; this

company also to have the option of taking a piece of land
at the Preston terminus, subject to an annual ground-
rent of £95.

LONDON AND NORTH-WESTERN RAILWAY.—The di-
rectors of this company have just issued their half.yearly
statement of accounts, to be submitted to the proprietors
on Friday next. The joint stock capital account shows
a total of £22,467,281, authorised to be raised on shares.
The general statement of ae capital account shows that
£30,148,915 had been received to the 30th of June last.
The expenditure to the same date amounted to X 29,574,697.
The revenue account for the half-year ending the 30th of
June last shows that £1,196,071 had been received. The
expenditure for working the traffic was £.23,304. The pro-
posed dividend at the rate of 54 per cent. on the consoli-
dated stock, and at the usual rates on the other stock or
shares, will amount in the
_aggregate to £

,903, ar

leave a balance to be carried forward of £68,305. The pr
posed dividend at the♦rate of 51 per cent. on the conse
dated stock (X 14,851,097) will amount to £408,405;
the London and Birmingham £lO shares, at 73. per share
to £22,668; on the Manchester and Birmingham share!
at I.s. per share, to £3,460; on the London and North
Western £25 shares, at Bs. 9id. per share. £74,019
Coventry and Nuneaton, at 5 per cent.. £6,650
the Huddersfield and Manchester and Leeds ar
bury stock, £31,600.
GREAT WESTERN OF CANADA RAILWAY.—
ing of English shareholders in this company was ___ _
Wednesday, at the London Tavern, to receive a report
from the directors, together with a statement from the
agent of the company. Mr. S. Laing, M.P., was called
to the chair. The Chairman entered at some length into
a description of the line, the large amount of traffic it
was likely to have, and the dividend it would probably
yield. He concluded by moving a resolution to the
effect that the highly satisfactory report presented by the
directors to the annual meeting held at Hamilton, Canada,
on the 21st of June last, together with a statement sub-
mitted by the agent, be circulated among the share-
holders resident in England. Mr. J. Smith seconded the
motion, and it was carried. A long discussion ensued, in
the course of which it was stated that the undertaking
would form a main trunk line from the Niagara river,
where some of the United States' lines terminated, and
pass through the principal towns and districts of Canada,
and terminate at Windsor, opposite Detroit, the eastern
terminus of the Michigan central railroad. The whole
length of the line, including a branch of 49 miles to Port
Sarnia, on Lake Huron, was 275 miles. Resolutions
were passed appointing a committee of shareholders,
consisting of Messrs. S. Laing, J. Masterman, jun., and
A. Derby, to co-operate with. the president and agent of
the company in the selection of a managing director ;
voting thanks to Mr. Harrison, the president of the
board, Mr. Buchanan, the agent, and Mr. Harkness, the
secretary.

X meet

VV
TRAFFIC RETURNS.—The traffic returns for the week
ending August Ist, on the undermentioned English lines
of railway, are as follows : 1852. 1851

London and North-Western.
Midland _

£
51,502
23.896

Lancashire and Yorkshire.... ••
London and South-Western ....
London and Brighton.
Great Western
South-Eastern
York and North-Midland......
Manchester, Sheff. and Lincoln
Bristol a" r

18,497
15,486
17,765

19,013
9,428

&eter
-toric, Newcastle, and Berwic
Shrewsbury and Chester

Eastern Counties and NorfOli
Great Northern
Chester and H

North Staffordshire

ualectonian
South Wales,.
South Yorksh

16,666

s 1 Lancashire
e total receipts on the above lines

against X 294,949 in ii;ecorresponding we
the decrease is shown to be 29,97752 4, . The
open on the above, was £n
18
, i5B;
4,4451, showing an increase of 143 miles

16,374

-----
people in that section of Uncle Sam's AN INVITING COVNTRY:—A new settler somewhere in
countryand
n d_,an d.
Missouri gives the.following graphic description of the
domi-
As for the country, the land is as cheap as
good enough, but the climate is rainy, blowy,
The people die so fast here, that every man
has his third wife, and every woman is a widow,"

nions