The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1846-08-25 00:00:00

Aug: 25, MI6.

LONDON AND NORTH-WESTERN RAILWAY.

THE Public is requested to take Notice, that on and,
after the Ist September, the Second-class Carriages run-
ning with the 6 a.m. up train from Liverpool, and 6 15 from
Manchester to Birmingham and London, will be removed from
that train and attached to the 9 15 a.m. train from Liverpool
and 9 40 from Manchester; and that on and after the same
date the Fare. ^f the First-class Passengers by the latter train
will be red-•rd a follows :
Betweei Londo and Liverpool from 455. 6d. to 375.
~ Loud and Manchester from 428. 6d. to 355.
and ihterint.......e stations in proportion -
Notice is also given, that, 'and after the same date, the
various Short Fares on th verpool and Manchester branch
will be reduced.
(By order) MARK HUISH.
Euston station, ugturt 20, 1846.

LONDON AND NORTH-WESTERN RAILWAY
COMPANY.

NOTICE of CALL on GRAND JUNCTION £25 SHARES.
OTICE IS HEREBY GIVEN, that the Directors,
.. r in execution of the Acts of Parliament relating to the said
Company, have, pursuant to the provisions thereof, made a
CALL of FIVE POUNDS in respect of each of the £25 Shares
which were created by the Grand Junction Railway Company
on the 10th day of September, 1845, and have ordered that such
Call be paid to one of the undermentionegßankers, namely :
London Messrs. Glyn, Halifaxfand Co.;
Birmingham .The Birmingham anking Company, or,
Messrs. Mollierand Son ;
Liverpool Messrs. Mosi and Co; or
The Baprof Liverpool;
Manchester Sir Retij. Heywood and Co. ;
Bank,
on and Salford nk,
on or before the 15th day of September next. And the several
Proprietors of such ..t25 Shares are required to pay such Call
accordingly.
GEO. CARR GLYN, Chairman.
CHAS. LAWRENCE, Deputy Chairman.
By order, RICHARD CREED,
HENRY BOOTH, s Secretaries.
Euston Station, London, August 20, 1846.

LIVERPOOL, ORMRAILWAY .SKIRK, AND PRESTON
REGISTRATION OF SHARE S.

'NOTICE IS HgREEY GIVEN, that the Act for
I' Incorporating this Company having received the Royal
Assent, all Persons holding Scrip Certificates for Shares in this
Company, are requested to transmit the sain44o the Secretary
for Registration, at the Company's_olfiZe, No. 6, Lord-street,
Liverpool, on or before MoNDA.v; the 7th day of September,
with their Names, Professions, and Residences distinctly
written, in order that the same may be correctly entered in the
Register of the Compai
All Shares not clauped by the actual holders of Scrip Certifi-
cates, on or before We said 7th day of September, will be Re-
gistered as the Property of the Persons who signed the Sub-
acription Contract, dated 4th November, 1845.
_ Forms of Letters claiming to be registered, may be had at

the Office of the Company.
Scrip may be sent without risk in Registered Letters, and for
a greater security, the, parties sending may write across the
face of each Certificate, "Forwarded for Registration."
The Secretary will give an acknowledgment for the Scrip, and
on completion:of the Registry, will exchange the same for Cer-
tificates under the Seal of the Company.
By order,
WILLIAM FEILDEN, Chairman.
JAMES J. GRAHAM, Secretary.
•
Liverpool, 21st August, 1846.

LIVERPOOL, MANCHESTER, AND NEWCAS-

TLE-UPON-TYNE JUNCTION RAILWAY
COMPANY,

(late Liverpool, Manchester, andNewcastle-upon-Tyne
Junction and Lancashire and North Yorkshire Railway
Companies, now amalgamated.)
Tlll;Register of Shares in this undertaking being
now nearly completed, all holders of Scrip who have not
yet forwarded the same for Registration itiu•equested to do so
without de ay, as the Share Registe ,will—be—absolutely closed
on the ling lay of October ne after which time all Shares
not trans:nit ted for that pu will be registered- in the names
-of the original Allottees.
It is requested that tko ..s..crip in the original Liverpool, Man-
chester, and Newcastlohpon-Tyne Junction Railway Company
.may be forwarded to the Secretary, at 22, Parliament-street,
London; and the iScrip in the original Lancashire and North
Yorkshire ltailw* Company to the Secretary, at 31, Princess-
street, Manchester, who will send an acknowledgment for the
same.

The Certificates under the Common Seal of the Company
will be ready for delivery in a short time, of which due notice
will be Sven to the Shareholders.
By order,
(Signed,) THOS. ROBERT WILSON-FRANCE, Chairman.
W. K. INGRAM, }Secretaries.
C. MOORE WILSON,
August 11th, 1846.

LIVERPOOL, MANCHESTER, AND NEWCAS-
TLE-UPON-TYNE JUNCTION RAILWAY
COMPANY,
(Late Liverpool, Manchester, and Newcastle-upon-Tyne
Junction and Lancashire and North Yorkshire Railway
Companies. now amalgamated.)
OTICE IS HEREBY GIVEN, that INTEREST
IN at the rate of FOUR POUNDS per Centum per Annum
will be allowed on the present Deposits from the first day of
July last, and on all fusdre Calls from the day of payment.
The Interest on snchpfleposits to become due on the first of
January and the lijsf of July, of which due notice will be given.
By order,
ISigned,) THOS. ROBT. 'WILSON FRANCE, Chairman.
W. 11. INGRAM, ll Secretaries.
C. MOORE WILSON, f
August 11th, 1846.

SHEFFIELD, BUXTON, LEEK, POTTERIES,
• AND CREWE RAILWAY.
TN pursuance of the Resolution passed at the Meeting
LII.. of Shareholders, held at the Albion Hotel, Manchester, on
the 20th day of July last, by which the Company was Dissolved,
the Directors have determined to RETURN to the SHARE-
HOLDERS SEVENTEEN SHILLIN.C.Sand SIXPENCE PER
SHARE, and a further pro rataDitliiion (if any) of any balance
of the funds of .the Coin any, which may remain after all
claims have been disch d.
triertp
Forms to enable S eholders to receive the same may be had
on application to.t e Secretary, at the Offices of the Company,
in Leek. 13y order, R. Y. CLARKE, Secretary.
Leek, 21st August, 1846.

SOUTH YORKSHIRE COAL AND GOOLE AND
DONCASTER RAILWAYS.
NOTICE IS HEREBY GIVEN, that a SPECIAL
GENERAL MEETING of the HOLDERS of SCRIP and
BANKERS' RECEIPTS in the SOUTH YORKSHIRE COAL
AND GOOLE AND DONCASTER AMALGAMATED RAIL-
WAY COMPANIES will be held, at theULidon Tavern, in
Bishopsgate-street, in the city of LoadVfl7on TthiRSDAY next,
the 27th day of August instsa.,74-'iit One o'clock P.M., for the
purpose of receiving the D. ctors' Report.
By order, H. PARKER, Secretary.
Dated this 2011:51,' v. August, 18.16.
17, Park-stre , T estminster.
N.B. No persons will be admitted, or allowed to vote, unless
they produce Scrip or Bankers' Receipts.

EDINBURGH AND GLASGOW RAILWAY.
A T a MEETING of the EDINBURGH and GLAS-
-11 RAILWAY PROPRIETORS, held at the Claren-
don Rooms, South John-street, Liverpool, on TUESDAY, the
18th instant,
A. F. JONES, Esq., in the Chair,
the following Resolutions were proposed, seconded, and
adopted :
Moved by. Mr. RossoN, and seconded by Mr. WM. RODIE,
"That this Meeting views with intense interest the import-
ant matter laid before it, and approves to the fullest extent the
proceedings of the Manchester Committee."
Moved by Mr. WOTHERSPOON, and seconded by Mr. T.
• Gi t.now,
"That this Meeting having no confidence in the present Di-
rection of the Company, and being fully ed of the ne-
cessity of a decided change therein reby pledges itself to
support, in every possible way, t anchester Committee in
their efforts to effect the same, do appoint a Deputation to
co-operate with them at the uing General Meeting, in Glas-
gow, on the Ist of Septem and names the following Gentle-
men from Liverpool, h . Wotherspoon and Mr. Rodie, with
powers to add to their umber."
Moved by Mr. ouriNOALE, and seconded by Mr. L.
PEDRONE,
"That a Sub ription be immediately entered into for the
purpose of d raying the necessary expenses, not exceeding
Two Shillings and Sixpence per wkole Share, and the other
Shares in proportion."
Moved by Mr. A. F. JONES, and seconded by Mr. RODIE,
" That the best thanks of the Shareholders are due to the
Manchester Committee, for their unwearied perseverance in
bringing to light the terms of the amalgamation with the Ca-
nals, and for their determined and successful resistance in
Parliament to a measure fraught with such injurious conse-
quences to our Railway, as fully set forth in the lucid and va-
luable Report which has been recently circulated by them."
Moved by Mr. EDMUND COSTON, and seconded by Mr.
CHEETHAMy
"That the thanks of this Meeting are hereby presented to
our excellent Chairman, for the straightforward manner in
which lie has opened these proceedings, and for the urbanity
be has displayed."

EDINBURGH AND GLASGOW RAILWAY.
(From the Railway Record.)
TN another part of our paper will be found the cir-'
cular, to which we alluded last week, from a Committee of
the Proprietors of the Edinburgh and Glasgow Railway formed
at Manchester, and a sketch of the proceedings of a meeting at
Liverpool, to oppose one of the most ruinous projects ever at-
tempted by a Board of Directors.
That project was an application to Parliament for a Bill to
take several canals into partnership with/the Railway Com-
pany. One of these Canal Companies, according to their own
evidence, was in a state of hopeless bankruptcy; having been
open for twenty years before the railway was constructed; and
during the entire twenty years, when there was no railway to
compete with, this splendid r ct never paid ls. dividend to
the original proprietors ! much less can profit be ex-
• pected now, with a .railway unning by its side from end to
end, and with fares reducer(' (which they would have been by
the Amalgamation BiVinore than 50 per cent., though the
-high tolls allowed to b charged by the old 13111 gave no profit
• whatever ! So muchior the prospects of this partnership with
the Union Canal. "ell"! but is there not something better
than this? The twit bargain surely will be more equitable !
Another Bill *posed to amalgamate the Forth and Clyde
Navigation with the Edinburgh and Glasgow Railway. The
dividend paid by the Forth and Clyde Company was 4 per cent.
per annum; but it is proved by their own witness that this 4
per cent. was by no means earned by the canal. The witness
says, "if competition had been carried on, the dividend being
• swept away, they would not have had sufficient funds to carry
•
on the work." At any rate, the days of competition at ruin-
ously low fares were drawing to.e close ; and one may reason-
ably 'ask what had a Railway Company to fear from concerns
_
so utterly hopeless as these? Why, the Directors, through
their own witness, have furnished an answer, that is, that
.4'5 los. out of 46 per cent. per annum paid to the shareowners
in the railway was derived from other sources, and only 10s.
per cent. per annum from the carriage of goods.
But, it may be asked, were these Directors driven into such
a desperate course, while they had an income of 51 per cent.
per annum, independent of any goods at all, and with an in-
crease of income last year of -4'22,000 over the previous year,
even under the intensity of this much-feared competition—it
may be asked, we say, were they driven into such a position as
to be constrained to take these canals into partnership? The
answer one would expect from any sane man would be, em-
phatically, " No," but the partnership is wisdom itself when
compared with the terms of the partnership. This canal,
earning no snore then 31 per cent., it is proposed to take into
partnership with a railway earning 6 per cent. per annum, on
equal terms!, We know our readers will have some difficulty
in believing the statement ; but, in truth, this was not the only
concession to be made to accomplish this desirable'partnerShip.
The proprietors of the canal were to receive their proportion
of any new stock created by the Railway Company, and .415
out of each .4'25 share (of which shares there are 28,000) were
to be cancelled at par, notwithstanding that the stock in the
railway, at the time the provisional arrangement was made,
vas at 65 per cent. premium in the market! The effect of an

equitable agreement would have been to divide any increased
income in an equal per centage betwixt the two parties, and of
course to raise the price of each of the respective stocks by the
same amount. Now, mark the result. Had this Amalgama-
tion Bill passed, the next day the £lOO stock in the canal would
have been worth .el5O, or about 45 per cent. more than before
the bargain was contemplated; while the railway shares, had
the Bill been carried, instead :of being. raised (as they should
have been by the arrangement, if a just one) 45 per cent.,
would actually have been lowered by 6 or 8 per cent.—making
a difference in the comparative value of the railway and canal
stock, before and after the arrangement, of more than 50 per
cent. in favour of the canal.
We have some doubt whether human folly was ever carried
to a greater extent than when these Directors calculated upon
the consent of the shareowners to such an arrangement ; but
then, they never did calculate upon the shareowners generally
assenting to the bargain. No I It will be seen from the cir-
cular that it was to a few special friends that they trusted to
accomplish that object. Well, but, it will be said,. the share-
holders have thrown the Bill out, and there is an end of the
matter. By no means. These Directors are bound, by a point
of honour, to carry out this arrangement ; they are not to be
obstructed in their course by such trifling obstacles as a
solemn decision of the two Houses of Parliament, or the want
of consent of the partners—the shareowners. No ; after the
large sums of the shareholders' money which the Directors
have spent in Parliament in prosecuting the Bills, the unfor-
tunate shareholders having, at the same time, spent a large
sum of their own money in opposing them in Parliament, they
are again called upon to spend large sums to arrest these ex-
traordinary Directors in their extraordinary doings.
Truly there is much to be done in railway legislation, before
railway property is safe. But we shall have no faith in law or
iiv in equity if these men cannot be constrained, the one or
the other, to pay the whole of the expenses in on both
sides, both in and out of Parliament; and if istake not
the character of the men of Manchester, they will teach these
directors a lesson that will not speedily be forgotten by railway
boards at large.