The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1841-12-07 00:00:00

LONDON MONEY-MARKET, Scc

SATURDAY EVENING.—This has been a quiet day in the
funds, Consols firm at 88a buyers for account ex dividend.
Exchequer Bills Os. to Ils. premium. Bank Stock 164 A to
A. India Stock 243 to 5.
The Spanish speculation continues cooling down. The
Active with the Coupons declined to 231 to A. Portuguese
Five per Cents 331 to ; the Three per Cents 191 to 201.
Dutch Two-and-a-Half per Cents 511 to :L the Five per
Cents 994, to 4. Belgian 100 A to lA. Brazilian 583 to Oi.
Mexican 25 to A. Columbian 20-/- to
The bond fever seems more rapidly cooling in Madrid than
here. The Five per Cent. Spanish Stock current and scarcely
to be had a few days since in the market there, according to
accredited advices and the private correspondence of the
Herald, at 36 and above per cent., was at the latest accounts
plenty and to spare at 31. The fall therefore was greater than
what was stated under this head in this mornings publication
as having become known in the city yesterday, doubtless by
extraordinary express.
A statement of the shipments of Tallow from St. Peters-
burgh this year shows that there have been sent off this year,
or as yet partly to arrive, 74,679 casks to London ;, 14,466
to Liverpool ; 10,916 to other ports of England ; 6,293 to
Ireland ; and 6,776 to Scotland—total, 113,130 casks ; while
to foreign ports the exports altogether have been only 22,374.

w THE cittUNTY c;1 DUMPliit

Ti.Aiafi

(Abridged from the Dumfries Th'ald of 2nd Dee., 1811.)
At a meeting of the principal noblemen and gentlemen of
Dumfries, held yesterday, the Marquis of Queensberry in the
chair, the following resolutions were unanimously adopted :

Ist, That it appears from the report of the commissioners
of railway survey, that they give a decided preference to a
line from Lancaster by Carlisle, Beattock, and the Vale of
the Clyde, to Edinburgh and,Glasgow.
2d, That in the event of no decided steps being taken
within a reasonable time, to carry through the line, the com-
missioners recommend that the Government should encourage
a line through the eastern districts of the kingdom.
It is therefore Resolved,—That there appears little reason
to suppose that a Railway will be carried through this county,
in any other direction than that alluded to ; and as the Grand
Junction, and other Railway Companies in England, and in-
fluential parties at Carlisle and Glasgow, in conjunction with
the landed Proprietors on the Line recommended by the
Commissioners, are taking active measures for prowoting
this undertaking; and as it seems to the gentlemen present
to be of vast importance that this great commnnication
should pass through this county, they agree to give their
cordial co-operation in endeavouring to secure this advan-
tage.
2dly,—That with this view they now place the sum of £2OO
at the disposal of the District Committee at Lockerbie, to be
by them applied in the manner they shall think most advan-
tageous for securing a general parliamentary survey of the
whole line from Lancaster to Edinburgh and Glasgow.

SHEFFIELD CANAL COMPANY v. SHEFFIELD
AND ROTHERHAM RAILWAY COMPANY.

NOTE OF I'HE JUDGMENT OF THE MASTER OF THE
ROLLS IN THE ABOVE CASE, ON SATURDAY, THE 4TH

OF DECEMBER, 1841.
The bill in this case prays that a sufficient sum of money
should he invested for payment of an annuity of £lOO, and
that the plaintiffs should be allowed to receive the same, on
the foundation of an agreement alleged to be constituted by
letter. It appears that in 1835 the Sheffield and Rotherham
Company applied to parliament for an act, and in which they
proposed making provision for payment of the annuity.
This bill passed the Commons, but was rejected by the
Lords. In 1836 the application to parliament was renewed,
and the act again passed the Commons, but did not contain
any provision for the plaintiffs.
On the 18th of June in that year (1836) one of the firm of
Messrs. Badger and Vickers undertook to pay the annuity of
£lOO, but this proposal was objected to. On the 20th of
June Mr. Wake wrote to Mr. Vickers, stating that the
matter must be arranged by an investment. This letter was
clearly an attempt to renew the negotiation. Messrs. Bad-
ger and Vickers replied thereto by stating that they had no
objection to comply with his proposal for an investment for
payment of the annuity, but adding a proviso for its deter-
mination on certain events. Thus the cesser of the annuity
was provided for. Mr. Wake requiring an investment before
the bill was proceeded with, the negotiation again failed.
Mr. Wake required an investment and a declaration of
trust, and if his terms were not acceded to, he stated that he
should oppose the progress of the bill, and would see Lord
Wharncliffe and another Peer, and get them to stay proceed-
ing with the report. Mr. Vickers said he would also see
some Peers, and induce them to get the report brought up
that night. I think Mr. Wake could hardly have been aware
of the effect of his own statement. The report was brought
up that night without opposition.
Mr. Wake saw Lord Wharncliffe on the 21st of June,
and wrote to Messrs. Badger and Vickers, saying that he had
seen his Lordship, and agreeing to accede to the terms of
the agreement. It is singular that be did not see Messrs.
Badger and Vickers without delay ; but he sent his letter
and seems to have thought that thereupon a binding agree-
ment was entered into. The witnesses for the defendants
have been under some misapprehension as to the time of the
receipt of this letter.
The bill simply relies on the agreement constituted by
letters ; but if an agreement is verbially rejected, the agree-
ment is at an end. The party rejecting the offer cannot
restore it without the consent of the other party. Mr.
Wake rejected the offer of Mr. Vickers of the 21st of June,
and I ant of opinion that a binding agreement was not
entered into, an; therefore this bill must be—dismismissed
with costs.