The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1849-05-22 00:00:00

RAILWAY AFFAIRS,

On the Ist of June the portion of the Shrewsbury and
Birmingham Railway from Shrewsbury to Oakengates
will be opened for public traffic.
At a meeting of the York and North Midland Railway
Company, in London, on Thursday, Mr. Hudson's resig-
nation was sent in and accepted.
MANCHESTER, BUXTON, AND MATLOCK.—The first
experimental trip upon this line, which is now nearly
completed between Anibergate and Matlock, took place
on Monday, with a train load of 150 tons, to test the
newly-finished works. The line crosses the Derwent, and
runs through the High Tor and Wilerley tunnels, of 600
and 800 yards respectively. These, and a handsome
bridge at Whatsandwell, are the chief features of engi-
neering. interest. The line communicates with Matlock-
Bath, and some of the most favourable spots in Derby-
shire.

THE SOUTH-EASTERN RAILWAY.—The report of the
committee of investigation into the affairs of this company
was issued on Tuesday. The report, in treating of the
transactions of the board in the purchase and sale of
shares, says Eighty-five No. 1 shares were purchased
through Messrs. Pritchard and Dale, of Liverpool; but,
notwithstanding repeated applications had been made for
their delivery, there is reason to fear, oNing to the em-
barrassed 'state of the affairs of that firm, the company
will not be able to obtain possession of those shares, nor
to recover their value. The order given by the directors
as to the sale of shares was disregarded. Not only were
the shares ordered to be sold not sold, but further large
purchases, to the extent of doubling the amount of the
original investment, were made of the very description of
stock directed to be sold, the acting broker being Mr. M.
L. Pritchard, the deputy chairman of the company, some-
times in his separate character. sometimes

rituaaru ana vale. And while looking you are the rumblings, the trernblings, ,is a fo.
at the large amount of commission earned by those par- of a huge moral earthquake ! Your head„reci-4
ties (X 1,550), the deviation from the usual practice in a fugitive at the close
of the year 18-18,
the making money advices, and the defalcation of the 85 which the prophetic term of your temPort:t-oce,
shares, your committee are unable to clear Mr. Pritchard 'What next?' Would it might be rePe,a long'
„1
from the imputation of having taken undue advantage of time? Even his declared purpose has 1:1? CUB
his position in the direction, and risked the interest of the the appeal of the contrite and broken sl)".1. •,,,or(!1`
m
company in order to carry out private objects. Neverthe- Rop " " „,, '

Word °,;oc
less, they cannot absolve the board of directors Enlei,t,aogaya;waayndyotukretriandsitteiaodn
t!hett is ....i G
charge of neglect of duty; for, had a strict and formal heart. In that wordy you will find the truc'sau system of management prevailed, nn individual member —Christ !—yet another have you dared to 'fio
of their body could have taken the liberties which own pernicious aozrandisement_ There is.
have involved the entnn ;.

;ransac-

tion." The report went on to show that, in more in-
stances than one, the accounts told Iwo,"

pears that sums :proper—lie-11

geable to the debit of

;lie period unc

er invest

charged, and now stand, to the debit of construction, to
the extent of £107,932 14s. 11d.—The adjourned half_
yearly meeting of this company was held on Thursday,
in London.—Mr. Lewin Mosley' having moved the adop-
tion of the report of the committee of investigatin, FIN