The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1836-02-23 00:00:00

THE LIVERPOOL STANDARD.

MANCHESTER AND CHESHIRE JUNCTION
RAILWAY.

NJOTICE IS HEREBY GIVEN. that on or before the
.11 3d day of March next a Printed Copy of a Bill depending
iu the honourable House of Commons, intituled "A Bill for
"making a Railway from Manchester to join the Grand Junc-
" lion Railway near Crewe Hall, in the County of Chester, to
" be called the Manchester and Cheshire Junction Railway,"
with a Map of the said intended Railway annexed thereto, will
be deposited with the respective Clerks of the Parishes. or
Places of Manchester, Ardwick, Gorton, Newton, Moss-side,
Rusholme or Rushulme, Withington, Burnage and Heaton
Norris, all in the County of Lancaster; and C le, Cheadle
Moseley, Cheadle Bulkeley, Handforth-cum- sden, Stockport,
Brarnhalk Norburv, Wilmslow, Bollin- can Row, Hough,
Fulshaw, Pownall-fee, Morley, Cho y, Nether Alderley,
Great Warfords Rostherne. Little Warford, Snelson, Over
Peover, Prestbury, Chelford, Lower Withington, Poynton4
Worth, Sandbach, Barnshaw-cum-Goostrey, Blackden, Goos-
trey, Twenilow, Church II ulme, Bradwell-cum-Hollins, -Brere-
ton, Middlewich, Moores-barrow-cum-Panne, Warmingham,
Elton, Barthomley, Haslington, Crewe, Coppeuhall, Church
Coppenhall, Monk's Coppenhall, all in the County of Chester,
for the inspection and examination of all persons concerned.
• Dated this ISth day of February, 1836.
WHEELER and MARRIOTT,
Solicitors for the Bill.

CON TRACTS FOR WORKS.
GREAT WESTERN RAILWA Y.-BRISTOL.

ivr-oTicE IS HEREBY GIVEN, that the Directors will
111 receive at their Office in Bristol, on or before the lit of
March next, at Twelve o'clock, Tenders for the execution of
the following Contracts:—
CONTRACT No. 1. .
The formation of that portion of the R. ' way, extending from
the Feeder of the Bristol Docks to a fie on the Western side
of the Parish of Keynshain, a distanc of about 2 miles and 3
quarters, including a Stone Bridge ver the River Avon, and
all other Masonry, Tunnelling,. and arthwork generally, and
the entire .completion of all the N ks necessary for that por-
tion of the Railway, excepting the laying of the rails and for-
mation of the permanent road.
Drawings and Specifications of the above 'Works are now
exhibited at the Company's Office, Corn-street,- Bristol, and
printed forms of. TSrukr may be had oa application at the
same Office.

For the convenience of Contractors, the Drawings and Spe-
cifications of this Contract will also be exhibited at the Com-
pany's Office, at Han well, on and after the 22nd instant., where,
as well as at the Office, No.-17, Cornhill, Loudon, printed
forms of Tender may be had on application.
. _

The Directors will not considf;r themselves bo.ind to accept
the lowest Tender, and they expect the several parties toattend
at the Office, at. One o'clock on the Ist of March.
I. J. CHAPMAN,
CHAS. A. SAUNDERS, t Secretaries.

GLASGOW AND FALKIRK JUNCTION RAILWAY.
TN consequence of attempts to throw discredit on this nutlet.-
..I_ taking, by parties interested, to prevent the forthation o
any Railway whatever in the tract in question, and also by par
ties connected with the Edinburgh and Glasgow Railway, who
are ignorant of, or wilfully blind to the true state of the case, it
is necessary to snake the following statement :
The respective objects of the Junction Railway, and the
Edinburgh and Glasgow Railway, are totally different. The
one is a cheap, simple, and natural prolongation of an existing
Railway, to complete an improved communication between two
of the richest and most populous districts in Scotland. The
other is a great and arduous work—to unite Glasgow and Edin-
burgh. What tract the latter project may ultimately adopt, is
left to the decision of eminent English Engineers, and it is
surely preinatute for its friends, real or pre tided, to discuss its
merits, or to attack other undertaking , ill they know better
what they are to do themselves.
- - -•-

The Junction Railway Company have no wish or intention to
interrupt au Edinburgh and Glasgow Railway. It is true that
the line of the Junction Railway is a most favourable one for
levels, as well as in many other respects • but, so far from
seeking to withhold access to it, the plans of Junction were
lent to the Edinburgh and Glasgow Company at their request,
and every other facility given them for ascertaining the best
line. if the Edinburgh and Glasgow Railway Company cannot
get a better line for a part of their road than that pre-occupied
by the Junction, their course ought to be to endeavour to ar-
range for obtaining either the formation, or the use, of it, by
open and fair means, and not by insidiously attacking and dis-
paraging it, and those who first discovered its merits, and pro-
posed its execution.

The chief allegations put forth against the Junction Railway
are,

Ist, That it would hurt an Edinburgh and Glasgow Railway,
and therefore should not be perMitted. Now, it is believed that
there is abUndance of room for both undertakings; but, suppos-
ing that injury to the Edinburgh and Glasgow Railway would
be the result of the execution of the Junction, this is no argu-
ment against the Junction. On the other hand, it is a strong
one in its faVour, and might be used with perfect fairness, espe-
cially, seeing that the Junction
.is the older scheme. It is just
the good fortune of the holders of the'JUnction that it will not
only be agile to compete with existing communications, but
cannot be materially affected by any other communication that
may be formed. The cheapest Railway will always be prefer-
red for general purposes. Assuming that the Edinburgh and
Glasgow Railway will pass near Falkirk, though that, nor no
other line is vet seriously fixed upon, it may be stated that the
intercourse between the Glasgow and Falkirk districts is greater
thai between Edinburgh and Glasgow. There is, therefore, a
prObability that, in addition to a return for the enormous cost
that would be entailed by making a Railway on any other plan
than the Junction, it would be saddled with rates of dues ade-
quate to produce a profitable revenue from the whole concern,
or in other words, that the Falkirk and Glasgow trade would
require to be burdened with the deficiency of dues on the un-
'profitable part of the line between Falkirk and Edinburgh.'

2d, The Junction is stated to be an undertaking of no public
advantage, and intended only to serve two existing undertak-
ings. the uniting two such districts as Falkirk and Glasgow,
speedily and cheaply, is surely of some use to the public; and
it, in addition to that, the Junction will benefit other public
works, there is just so much more to weigh in its favour, for,
while it is useful in itself, it is not to be injurious to its neigh-
bours.

3d, The estimates of revenue, it is alleged, make no allow-
ance for the competition of an Edinburgh and Glasgow Railway
Company. Neither have the latter made allowance in their
estimates for the competition of the Junction Railway. The
latter might have been done, but to do the former was impossi-
ble, because it was not, and is not yet known where, or when,
the Edinburgh and Glasgow line is to be made, and it was also
unnecessary, because competition always increases trade, and
the cheapest conveyance will always be preferred by the multi-
tude, unless the difference of speed is very great. The estimate
of the cost has been affirmed to be too low. It has been mos
carefully revised, and this random assertion is not well founded.
4th, There are said to be different calculations in two pros-
pectuses on the subject. That of course arises from the authors
being different; and the periods, at which the prospectuses were
written, not being the same, there was a consequent different
state of information on the subject at the respective dates.
sth, It is insinuated that the Railway already formed, and
the Canal, with which the Junction unites, may take high rates
of dues from the part of the Junction traffic which may use that
Railway or Canal. This would apply to only a portion of the
Trade, but is secured against by special agreement; and a still
stronger protection, if possible, is competition, to the Canal from
the Frith of Forth, and to the Railway from the Forth and
Clyde and M onkland Canals. To keep their trade, the dues on
the Union Canal and the Garnkirk and Glasgow Railway must
be extremely moderate, and higher rates cannot be charged on
them from one class of Traders than from another.

6th, The Garnkirk and Glasgow Railway, which the Junc-
tion is to join, is asserted to be unfavourable for Locomotive
Engines and a passenger Trade. The fact, that three to four
thousand passengers are conveyed weekly by Locomotive En-
gines on that Railway, with a profit, at a charge under a
penny per mile, at once disproves this assertion.

_
7th, The termination of the Railway in Glasgow is said to be
unfavourable. The fact is, that it is nearer the centre of the
city than any of the Steam-boat or Canal quays, and greatly
nearer than the Liverpool Depdt of the Liverpool and Man-
chester Railway is to the centre of that town. It moreover can,
and is intended to he, carried still neater, not in the mode sup-
posed by those unwilling to find out a better, but by a prolong-
ation of such a level as to be available for every purpose. The
short inclination at the present western termination of 1 in 150
is found no inconvenience, taking everything into consideration.
Engineers admit that it is only where inclines occur at a dis-
tance from either end, where extra power, in any emergency,
is not at hand, that they are to be avoided, if they otherwise tend
to economy. The termination of the east end of the Junction
is at the Canal, within a few minutes walk of Falkirk, and a
branch will of course be carried into the town, as eiteunistances
may direct, during the execution of the main line.
Sth, The Garnkirk and Glasgow Railway is finished on a
style far superior to any other in Scotland. It was-constructed
n the plan of the Liverpool and Manchester. It is entirely
Tevel, except the small portion at the west end above-mentioned,
and the inclination there is not nearly so great as on some parts
of the splendid work alluded to.
by Union Canal and Garnkirk Railway
9th, It is asserted, and held out as a crime, that the Junction
be its
sro7it before the
Railway was got up
Proprietors. This is a natural, though not a true guess. It
noted b entieme
was originated and promoted Y.g n not holding a single
share in either concern. he natural advantages of the line,
'merits; was
and the facilities afforded by existing works for its successful
execution, were so obvious and striking„ to those acquainted
rweigthuitrhede dtiostrciactu,stehatht
insousnt idtne
rutlaaknitn,
gb beyond o
public.
In short, the true cause of any outcry against the,Junction
Railway is, not from any idea that it is a bad schetu,: Jeven
of doubtful utility—for were it so, it would not be wattles° Much
notice—but it arises from the conviction, accompanied by a
feeling of envy or jealousy, that its peculiar advantages, as de-
tailed in the prospeetns, lately 'published, are not overrated.
One word may be said lit conclusion, to the Edinburgh -and
Glasgow Railway ConipittO: Their Committee and Engineers
are pledged to fix do the "1364 line" forthe interests of the sub-
scribers. They borrowed the'Junction plans to enable them to
fix whether or not it would form part of the best line for the
Edinburgh and Glasgow Railway. If it did not, then the Junc-
tion fell to be proceeded with, as originally intended. The
Edinburgh and Glasgow Railway Company,. accordingly, stated
in their Report, in December last, " that it is of paramount im-
portance to the subscribers that it should be speedily decided,
whether this (the Junction plan) ought to form a part of their
hole line, as the meeting of Parliament is at hand, when the
notices must either fall to the ground, or the bill be proceeded j
with." Their course seems to be one which they ought to have
adopted long ago. It is to fix their line. If they revert to the
Junction as a part of that line, it will be for the subscribers to
the Junction to consider whether or not it should be given up
to them. If they do not determine on that line, its proprietors
will proceed as originally intended, and which there is nothing
to hinder them to do in either ease, if they think it more expe-
dient. The delay of the Edinburgh and Glasgow Railway
dompany, in fixing upon a line, must lead, among other evils,
to an expense which another course might have avoided ;but
the subscribers to that Railway, it is not doubted, may rest sa-
tisfied that the funds entrusted to their Managers shall be strictly
applied to the legitimate and single purpose for which they were
contributed. At all events, it is the determination of the pro-
moters of the Junction Railway to avoid every unnecessary ex-
pense, and to be guided in every step of their progress by the
general opinion of the Stockholders.
16th February, 1836.

PROSPECTUS OF THE UNION BANK OF
MANCHESTER.
lIIHE unparallelled success which has attended Joint Stock
Banks, wherever they have been established, renders un-
necessary any argument to prove the general correctness of the
principle on which they are mainly groun . Public opinion
has invariably been manifested in th i • avour, and the high
premiums which are readily obtained n the shares in such un-
dertakings, prove most conclusively the estimation in which
they are held both by the capitalist and the depositor.
That the rapidlrextending commerce and increasing manu-
nufactures of this great emporium of trade require progressive
financial means, commensurate with their growth, is so self-
evident, it need only be stated to be acknowledged.
The population of Manchester is now swelled to upwards of
250,000, and in a circle of twelve miles would embrace nearly a
million. Every year still adds to its numbers, it stands
second only to London in commercial importance, and who
can define the limit of its numbers or its wealth. The present
institution is intended to be distinguished from the existing
joint stock banks in Manchester, by the adoption of two essen-
tial principles. It will be confined to this town alone, instead
of being dispersed abroad in branches, and it will act upon a
conviction of the impolicy of issuing local notes.
It is a curious fact that though, but a few years back, Man-
chester rendered itself conspicuous by its strenuous opposition
to the introduction of that description of currency, it now pos-
sesses not one joint stock bank which has not endeavoured to
force a paper circulation of its own. That many and serious
evils are attendant upon this course needs only a limited ex-
perience to prove—that thei e may again occur nothing but the
adoption of a safe principle can prevent.
It cannot be necessary to point out the very evident evils at-
tending the system of branch banks. When one concern is
divided into ten, twenty, or thirty separate establishments,
scattered abroad in so many different places, it is vain to expect
that each can receive even a tithe of that supe.iutending care
so essential to the management and the ultimate prosperity of a
bank. The resources of the company thus weakened by their
excessive dispersion (unless the capital be proportionably large,
in which case it becomes unwieldy and unprofitable), what
wonder that the public lose that confidence which the legitimate
frinciple of joint stock banking ought to create, or that the
prosperity of one district should occasionally be compelled to
bear the burthen of the misfortunes of another.
It will be the province of this bank to confine its operations
to the town in which it is situated, leaving to others to seek to
gain in distant villages and small towns thOse advantages which,
it is believed, will most amply and readily be obtained at home.
The prospects which await this bank
.are most favourable, it
will commence upon a basis simple, sound, and distinct from
those of the present joint stock banks' in Alinchester. It trtiil
entrench upon no ground already occupied, but adopting for its
guidance the principles laid down by " The Bank of Liver-
pool,"* its prosperity may soon be expected to rival that of its
its eminent prototype.
With these impressions a Provisional Committee of Gentle-
men interested in the town and trade of Manchester, have re-
solved,—
That a joint stock banking company be formed, under the
title of " The Union Bank of Manchester," with a capital of
£600,900, divided into 24,000 shares of £25 each.
That the business of this bank be conducted on the principles
laid down in this prospectus, and that it be under the manage-
ment of a board of ten directors, pledged to secrecy, two of
whom shall be inspecting directors.
That one shilling per share be paid on the allotment taking
place, towards defraying the expenses incidental to the forma-
tion of the bank ; a further sum of £2 103. per share within one
mouth after the election of directors; and the further sum of
£2 10s. per share within three months after that period.—Addi-
tional calls will be made at the discretion of the directors; but
three months' notice shall be given of each call, and not more
than per share shall be required in any one year, unless by
order of a general meeting of shareholders.
That a general meeting of shareholders be held for the elec-
tion of directors as early as may be found convenient after
10,000 shares are subscribed for.
That at all general meetings each shareholder of ten shares
shall have one vote; thirty shares two votes; seventy shares
three votes; one hundred shares four votes; and an additional
vote for every hundred.
That the qualification for a director be the holding of fifty
shares or upwards.
That agents be appointed with the most respectable banks in
Liverpool and other important towns.
That as soon as practicable a deed of settlement be drawn
up, and that the conditions of this prospectus, confirmed by the
sanction of a general meeting of shareholders be adopted; and
that Messrs. Oswald, Milne, and Sons, he appointed solicitors
to prepare the same.
That in the event of the bank losing its reserved surplus fund,
and one-fourth of the paid up capital in any one year, the com-
pany shall be dissolved, unless two-thirds of the shareholders
present at a general meeting, especially convened for the con-
sideration of that question, shall otherwise determine.
That the names of the shareholders be not disclosed until the
list be filed at the stamp-office as the law directs.
Printed forms of application, e Inch, when filled up must be
seabed, and addressed to the ProVisional Committee, Nb. 9, St:
James's-square, may be had on application to Messrs. PEET
and HonsoN, Secretaries pro. tern. to the Provisional Com-
mittee.

* This bank was established only six years ago, and its shares
now bear a premium of 120 per cent.