The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1845-02-18 00:00:00

Feb. 18, 184.5. .
THE LIVERPOOL STANDARD.
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UNIVERSITY 6- CLERICAL NEWN. the adoption of that dress would be tantamount to an ad- CHESTER AND BIRKENHEAD RAILWAY. —We I A project has appeared for
_ mission which wotlld, to a certain extent, damage any strongly suspect that the shareholders of this company to connect the West Riding c
Lancaster. The total km
OXFORD, FEB. 10.-1 n a convocation holden this da,„ rights he may urge on the occasion of his appeal to another will not accede to the terms of the Holyhead Company. and ,.
the Rev Frederick
Wade, M.A.M, of Trinity College', tribunal. The end is, as has been said, that he goes The facts seem to be these. The Chester and Birkenhead the capital a million. The lin(
Dublin, was. admitted an eundern. At the same time the about in plain black and beaver. It is understood that Directors informed their shareholders that the terms were —the proposed Leeds and Bra
following degrees were conferred:—Masters of Arts.— Mr. Ward's application to the Court of Queen's Bench to be near £35 per shares, and to these terms the share- and passing by way of Seta
The Rev. William Rogers, Exeter ; the Rev. John Acres, ft)r a mandamus to the University to restore his degrees holders, with a few non-contents assented. But it seems Vallevs of the Aire, the Wenni
Lincoln.—Bachelors of Arts.—Fre .'erie George Blom- 'will be made immediately after the commencement of the other side will give only £33 6. Bd. per share, which, itself on the one hand with I
field, Balliol ; Alfred Richard Middleton Wilshere, Pem- Easter Term. on 14,830 shares issued, makes £194,333A the cost of the Railway, a little soute of Ort
broke; George Charles Berm, Merton.
Enc.—Railway Magazine. the Town and Port of Lancast,
iREFERMENT.—The Rev. James Ralph, M.A. late NORTHER,/ AND EASTERN RAILWAY COMPANY.— SHREWSBURY, OSWESTRY,
THE COURT 4- FASHIONABLE WORLD. A . • -
~
Vicar of Adlingfleet, York (East Riding), brother of Dr. meeting of shareholders was held on Thursday last, RAILWAY.—Out of the twer
when it was determined that a dividend of 5 per cent. per assents have been received from
RalPh. Dalgety, late of Liverpool, has been appointed to The court remains at Brighton, where the Queen and annum be paid on the paid-up capital of the company for two miles, and there is a certai
the important and valuable living of St. James's, South- Prince Albert enjoy such pleasures as the place and season
the half-year ending 31st December last, and that £1 2s. of those on the other twit in
wark, London, in the diocese of Winchester, population afford, walking on the Chain Pier, (reserved for their use
6d. be accorded on the registered shares (£45 paid), 2s. engineer is more than ample
10,000, by the Lord Chancellor.
two hours daily.) on the Cliffs. or driving. On Tuesday, 1 a,i ~... „a-- .r... .i.,,, __....,......___, ...,.....,... .....-1 I,L. ...... t...der having been received fre

NORTHERN AND EASTERN RAILWAY COMPANY.—
A meeting of shareholders was held on Thursday last,
when it was determined that a dividend of 5 per cent. per
annum be paid on the paid-up capital of the company for
the half-year ending 31st December last, and that £1 2s
6d. be accorded on the registered shares (Xcls paid), 2s.
3d. per share on the £lO registered shares, and 10s. per
share on the scrip shares of £3O. The sum of £10,773
had been carried to the capital, arising from the premium
obtained on the sale of 1068 unappropriated shares. The
receipts of the company for the last half-year amounted to
£47,107 145., being an increase of £3,310 ss. sd. over
the corresponding period of 1843—the total increase on
the year amounting to £11,057 2s. 2d. The balance of
the traffic account was £1,821 6s. 10d., and the balance
of £lO3 3s. 4d. carried to the capital.
RAILWAY SPECULATION.—The overland despatch to
India of Messrs. Trueman and Cook fully bears out the
expectation of disastrous consequences from the wild spe-
culation in railways to which we have already invited
public attention. While prices are advancing, and all is
well with the speculator, these warnings will probably be
disregarded ; when the reacti-n begins, they will be re-
membered when it is too late, and this circular agrees with
us, that the effects will then be felt " much beyond the
Stock Exchange." After remarking that " capital is
alienated from the more legitimate operations of trade by
the mania for railroad speculation, which has reached a
frightful extent," it thus proceeds :—" A large amount of
English capital is embarked in French railroads, which are
absorbing fully £20,000,000; and the English projects
already approved by the Board of Trade reach an enor-
mous sum. It is unquestionable that great good will arise
from improved means of intercourse, and it is equally true
that many of the schemes offer fair prospect for the in-
vestment of capital ; but the gambling speculation which
is daily going on in them portends a crisis, which, bright
as the aspect seems now, will be very severe when it does
come. The settlements at the Stock Exchange are enor-
mously large in amount, and money is borrowed for the
purpose at rates greatly higher than those current in other
quarters—even six and seven per cent. ; this can perhaps
be afforded while prices are constantly advancing. but
when the reverse comes, and come it must, the evil effects
will unfortunately be felt much beyond the Stock Ex-
change."

The court remains at Brighton, where the Queen and
Prince Albert enjoy such pleasures as the place and season
afford, walking on the Chain Pier, (reserved for their use
two hours daily,) on the Cliffs, or driving. On Tuesday,
her Majesty and the Prince were greatly annoyed by the
impertinent curiosity of a mob of vulgar persons who
surrounded them, some of whom had the audacity to place
themselves before the Queen and stare her Majesty in the
face.

APPOINTMENTS.—The itev..El. Howarth, 8.D., of St.
John's College, to the rectory of St. George's, Hanover-
square, Westminster : value, £1,550. The Rev. R. C.
Savage, M.A., of St. John's College, to the vicara2e of
Nuneaton, with the curacy of Stockingford, Warwick-
shire : value, 1902. The Rev. E. P. Dennis, M.A., of
Trinity-hall, to the rectory of Clifton, Nottinghamshire :
value, £405. The Rev. S. Brown, M.A., of St. Cathe-
rine's Hall, to the vicarage of Westbury, Wilts:
£238. The Rev. E. T. Vaughan, M.A., of Christ's
College, to the vicarage of St. Martin's, Leicester : value,
£l4O. The Rev. D. Campbell, M.A., of Trinity College,
to the perpetual curacy of Berrow, Worcestershire: value,
£B4. The Rev. J. M. Pratt, 8.A., of St. John's, to the
incumbency of St. Paul's, Derby. The Rev. H. P.
Wright, 8.A., of St. Peter's College, to the living of St.
Mary's, Leeds. The Rev. E. Maxwell, M.A., of Trinity
College, to the ministry of the district of St. John's,
Barnsley. The Rev. J. B. B. Clarke, M.A., of Trinity
College, to the prebendal stall of East Harptree, founded
in the Cathedral Church of Church.
The Cambridge University have resolved that nothing
more shall be printed at the University press for the Cam-
den Society, in consequence of the popish tendency of
their publications.
The Rev. Dr. Hill, Professor of Divinity in the Uni-
versity of Glasgow, will be put in nomination for the
office of Moderator of the General Assembly of the Church
of Scotland for the ensuing year.
The Bishop of Ely continues in a very precarious state
of health. According to his Lordship's medical attend-
ant however, he is not in immediate danger. On Wednes-
day and Thursday his lordship sat up for about an hour
and a half each day ; and on the latter day be was able to
dictate a letter. But, considering Dr. Allen's advanced
age, (75, we believe,) no very sanguine hope can be e ter-
t ained of his recovery from so severe a paralytic attack.
THE CAMDEN SOCIETY.—On Thursday the Cambridge
Camden Society met to bewail the loss of the " stone-
altar cause," and the secession of the Duke of Northum-
berland and the Bishops of Lincoln and Exeter. The
Bishops of London, Winchester, and Chester had pre-
viously withdrawn. Under this amount of rebuke and
dishonour, the society took the most prudent course that
offered, by resolving at once to DISSOLVE ; and thus one
brokhe
of te chief Romanising confederacies of the day is
n u
p.
The Ecclesiastical Commissioners have given notice,
that for the following districts, in this town, amongst
others, no proposals have been made for the assignment of
the patronage under Sir R. Peel's Church Endowment
Act, viz., Bevington, St. S mon's, All Saints, and Smith-
field. Hitherto no less consideration has been accepted
by the Commissioners for the whole patronage in per-
petuity than the providing f chrch with deq
accommodation and a sufficieonta repauiring fund. a
anduate the
securing of £5O a-year towards the endowment, the re-
mainder being supplied out of the moneys at the disposal
of the Commissioners.

The Queen, Prince Albert, and the Princess Royal,
accompanied by the Dowager Lady Lyttleton, drove out
on Tuesday atterncon upon the new sledge which her
Majesty used for the first time. The sledge is drawn by
two beautiful little ponies, which are attached to the
sledge by means of Morocco harness covered with small
bells.

The Court was expected to leave Brighton, for Bucking-
ham Palace, yesterday.
On Thursday her Majesty arrived at Worthing at a
quarter past twelve, when she was met by the Duke of
Norfolk, who accompanied her Majesty to Arundel
Castle. Twelve of the duke's servants appeared in state
liveries on the occasion. This visit, it is said, is only pre-
paratory to a visit which she intends to pay the noble
duke in the course of the summer, when it is expected
that her Majesty will remain at the Castle for three days.
It is also said that the noble duke intends to entertain his
illustrious guests in such a manner that the expense will
not be less than £30,000.

LAW INTELLIGENCE.

Mr. Baron Gurney continues confined to his bed

The appointment of Counsel to the Admiralty, vacated
by Mr. Shepherd, has been conferred on Mr. Godson,
M.P. for Kidderminster.

The following gentlemen are to be raised to the rank of
Queen's Counsel :—Messrs. Lee, Parry, and Wood. of
the Equity Bar; and Messrs. Humfrey, Hayward, Butt,
Russell Gurney, and Montagu Chambers, of the Common
Law Bar.

Mr. Carus Wilson was brought up, in the Court of
Queen's Bench, on Thursday, and the case was ordered
to stand over till the 22d April, Mr. Kelly having aban-
doned it, and Mr. Roebuck, the new counsel, being
unprepared to proceed. In the meantime Mr. Wilson,
rather against his will, was discharged on his own recog-

BAILWAYSH AREPHOBIA IN BLACKBURN.—There was
a time when speculating in railway shares was left in this
neighbourhood to the working of cool heads and full pock-
ets. Now-a-day, however, so rapid has been the intellec-
tual progression of the times, (it is to be lamented that
the march of money has not kept time with the march of
mind), that anybody, literally anybody, or as it may per-
haps be more appropriately worded, literally nobody,
rushes into the market, and with more brass in his face
than his pocket by a good deal, straightway becomes a
dabbler in. " London and Yorks'," " Dublin and Bel-
fasts," " Edinburgh and Glasgows," nay, even " Paris
and Lyons," or " Strasburgh and Basles !" Of course
those schemes nearer borne come in for an extra share of
patronage ; and amateur brokers block the way wit " I
say, have you got any Bolton and Darwen's ?" How
are you off for Accringtons ?" " What's the state of the
Ormskirk's ?" What'll you take fur Pre-ton's?" Such
is the excitement at present among some of the speculators
in Blackburn, that having obtained possession somehow or
the other of an " allotmt•nt," they pounce upon their un-
happy victims at street corners, shop doors, public• houses,
before, during, and after business, anywhere, exclaiming,
" Here, my good fellow, here's a chance for you, you may
have these Bolton's at £5 ls.; well, say £5 10s. 10d. ;
—well, then, make it £5 10s. 9d., just threepence a share
more than I gave for them !" It is in vain that an escape
is effected in one place ; you are watched for and seized
upon at another, with an offer of " Ormskirks," " West
Ridings," " Preston's," " Rugby's," any of them, at any
sum above prime cost, so that a profit may be made. The
matter has become a regular nuisance.—Blackburn paper.

nizances

The case of the insolvent who, lately, it will be remem-
bered, was seized in the precincts of Windsor Castle,
whither he had retired under the impression that he was
there exempt from civil process, and whose debts, it ap-
peared, amounted to £63,000, came on, on Friday, at
Reading. The examination was postponed, the insolvent's
schedule not being perfect. This appears to confirm the
legality of the arrest.
SIR W. FOLLETT.—A Marseilles letter of the Bth inst.
says, "Yesterday morning, at half-past ten, Sir William
Follett entered this port on board the steamer Alecto,
from Naples. Sir William, on his passage, experienced
most rough weather, so much so that it was at one time
expected the Alecto would be obliged to run into Toulon.
During his stay in the Bay of Naples, the Alecto run
aground and lost all her boats. She leaves in a day or
two for England to be paid off, having been five years on
the Mediterranean station.

THE CHANCERY OFFICES.—An article has just made
its appearance in the Law Review, which announces as a
fact that from £200,000 to £300,000 a year is raised by
way of fees from the suitors of the Court of Chancery,
" by about 200 fee bailiffs ; and that this £300,000 is re-
ceived from them in full for their receipts, without the
slightest pretence of checking their accounts, and. as to
two-thirds of them, without even requiring any affidavit
or averment of the correctness of Lie amount." It is also
aserted, page 425, that £150,000 a year is raised by fees
in the common law courts, without any check whatever.
The Lord Chancellor, on Thursday, pronounced judg-
ment in the long-pending case of Mr. Cobbett. His
Lordship felt himself bound to say, that Mr. Cobbett was
entitled to be discharged from the effects of the order of
the 11th of June, without the payment of costs. What
effect this might have on the other proceedings he would
not say—he would leave it to Mr. Cohbett to consider
that, the other order being in force against him Mr.
Cobbett was anxious to know whether the order now pro-
nounced would discharge him out of custody in one suit ?
The Lord Chancellor said it would not. Upon the appli-
cation of Mr. Cobbett, he was permitted to come up again
on a future day, to move for the discharge of the other
orders.

LONDON AND BIRMINGHAM RA ILWAY.-011Wednes-
day the twenty-third ball-yearly meeting of this company
was held at the Euston Station—Mr. G. C. Glyn in the
chair. From the report it appeared that the revenue for
the half-year ending December 31, amounted to £456,447,
of which £450,479 was derived from the ordinary traffic,
and £5,969 from interest on the employment of cash
balances and from rents. The charges amounted to
£182,543, of which £96,413 was for working the line, and
£86,130 parish rates, government duty, &c. The ordinary
traffic exceeded the amount in the corresponding half-year
of 1844. by £18,122. The charge for working it was less
by £273, making the comparative rate of half-yearly
charge to receipt as £2l Bs. Id. per cent. in 1844, to £22
7s. 3d. in 1843. The net proceeds, £273.904, added to
the surplus of the preceding half-year, £15,937, left a
clear profit of £289,941, and on this amount the directors
recommended that a dividend of £5 be again declared on
every £lOO of the company's capital stock, leaving a rest
of £47,093 to the credit of the current half-year. The
report proceeded to state that the Warwick and Leaming-
ton line was opened December the 9th, and that the traffic,
short as the experience of the working of the line bad
been, much more than equalled their expectations. The
advanced state of the works upon the Northampton and
Peterborough line promised to justify the anticipations of
the directors. The report of the progress making in the
Lancaster and Carlisle line continued to be satisfactory.
The report concluded by referring to the proposed exten-
sion lines of the company, for which arrangements had
been made. The report was adopted, and resolutions were
passed authorising the directors to lease the Churnet line,
by which a direct communication would be made with
Manchester, and also to lease the Trent line ; also au-
thorising the directors to construct a branch line from
Dunstable to the London and Birmingham line at Leigh-
ton Buzzard. A resolution was also passed, empowering
the directors to purchase the West London Railway.
Five retiring directors were unanimously re-elected.
SECRECY AT THE BOARD OF TRADE.—In the course
of Lord Dalhousie's speech, on Thursday night, in the
Lords, a summary of which we have given elsewhere, his
lordship detailed the following as the mode in which the
Board of Trade has proceeded with reference to any rail-
way scheme, to prevent the decisions of the board being
known prior to their insertion in the London Gazette:—
" When any scheme was taken up for examination, we
referred it to the different officers of the department, the
engineers and other officers ; and by them a summary
was made out, and submitted to myself. After conside-
ration, I wrote my memorandum upon it, and then the
two—the summary and the memorandum—were submit-
ted to each of the board ; every one of whom made what-
ever memorandum he pleased, in like manner, upon the
summary of the officers. Thus it was that the board
came to a decision. Now, my lords, it is clear that if
any parties mere to have had access to these memoranda,
the decisions of the board would have been prematurely
known. Every precaution, therefore, was to be taken to
guard against that result. My lords, I would not even
trust those memoranda to the ordinary messengers of the
office, or to my private servants, but I bad a box made
with a lock of my own, and with only one key besides the
master key; and tbis box, having placed in it my memo-
randum, I gave to the member of the board to whom the
summary was to be next submitted with my own hand,
and he delivered it in the same way to the next member,
and so on round the board. That box, therefore, has
never been out of the personal keeping of the members
of the hoard, and therefore it is physically impossible
that any one else should have bad access to the documents
contained in it. For myself, I can say that no person,
not even my own private secretary, knew what my opinion
was in any case, until the publication of the decision of
the board in the Gazette; and, speaking for myself and
for my colleagues, I am sure 1 can say that no person out
of the board was ever aware of the decision until it was
placed in the hands of the editor of the Gazette. As the
Stock Exchange shut at four o'clock in the afternoon, an
arrangement was made by the board that the decisions

THE UNIVERSITIES AND THE JUDGES.—In the ('am-
bridge Advertiser we find a list of the great law officers
under the crown, and the universities they respectively
belong to. From this it appears that the following be-
long to Oxford :—Vice-Chancellor Sir J. L. Knight
Bruce; Mr. Justice Coleridge; Mr. Justice Wightmen ;
Mr. Justice Coltman ; and Mr. Justice Erle.'The Uni-
versity of Cambridge can claim the Lord Chancellor; the
Master of the Rolls; Vice-Chancellor Wygrarn ; Lord
Chief Justice Denman; Mr. Justice Patteson ; Mr.
Justice Williams; Chief Justice Tindal; Mr. Justice
Manic ; Mr. Justice Cresswell ; Chief Baron Pollock ;
Baron. Parke ; Baron Alderson ; Baron Rolfe ; Baron
Platt ; and the Chancellor of the Exchequer, who some-
times sit in a judical position.

should not be placed in the hands of the editor of the
Gazelle until such a period of the day and so near four
o'clock that by no conceivable means cculd he have ar-
rived in the city before four o'clock. My lords, I think
every human means have been taken to prevent premature
discovery of the decisions of the board."

GREAT NORTH OF ENGLAND RAILWAY.—The half-
yearly meeting of this company was held at Darlington on
Tuesday last. From the report it appeared that the gross
receipts for the half-year ending December 31st, 1844,
amount to £54,048 Gs., which, compared with the corre-
sponding half-yrar, shows an increase of £15,481 7s. Bd.
The balance, after defraying the expenses, amounted to
£31.784 Gs. Bd., out of which the directors recommend
that a dividend be declared at the rate of six per cent. per
annum—(that is, for the half year, £3 on every £lOO
share, and 10s. on every £4O share,) clear of income tax,
and be made payable on the 4th of March. This will
amount to £23,820, leaving a reserve fund of £7964 Gs. Sd.
Resolutions to carry out the recommendations of the
directors were unanimously agreed to. The directors
stated that the necessary surveys of the proposed branch
lines to Harrogate, Knaresborough, Ripon, and Borough-
bridge, as well as to Richmond, have been made, and all
the necessary steps taken ; that they have great confidence
that the report of the Board of Trade will be in their
favour. As to the Leeds and Thirsk line, the directors
expressed their opposition to it, and stated "they believed
that a better line to Leeds could be made, by an extension
of their proposed branches from Knaresborough, in the
direction of Spofforth and Wetherby ; and they are happy
to announce to the shareholders, that their engineer has
surveyed a line shorter in distance, much less expensive
in construction, and capable of completion in less time
than that selected by the Leeds and Thirsk Company."
A series of resolutions giving power to the directors to
take all necessary steps in the event of the projected
branch line of this company to Kneresbro' and Harrogate,
being sanctioned by parliament, to procure a railway, by
the extension of the said branch in the direction of Stof-
forth and Wetherby to Leeds, so as to form a junction at
Leeds with the North Midland, Leeds and Bradford, and
such other railways as may there mret„and that in order
to provide the necessary funds, the directors were au-
thorised to apply for powers to raise an additional capital
of £500,000 by the creation of 15,000 shares of £33 6s. Bd.
each. Authority was also given to the directors to enter
into a joint guarantee with the Stockton and Darlington
Railway Company to the Middlesbro and Redcar Railway
Company, of five per cent. on £36,000, the capital re-
quired for the construction of about eight miles of railway
from Middlesbro' to Redcar. The terms of the guarantee
to be for twenty-one years. and should the profit exceed
five per cent., after defraying the working expenses, one
half of such excess to be appropriated to the shareholders
of the Middlesbro' and Redcar Company, and the re-
mainder to be equally divided between the two guarantee-
ing companies.

A project has appeared for the formation of a railway
to connect the West Riding of Yorkshire with Carlisle
and Lancaster. The total length will he sixty miles, and
the capital a million. The line will commence at Skiptun
—the proposed Leeds and Bradford Extension Railway,
- -it-1g by wa: S.
ftheAc t V

alone: the

,leys of tne enning, and Lune, will connect
itself on the one hand with the Lancaster and Carlisle
Railway, a little soute of Orton, and on the other with
the Town and Port of Lancaster.

SHREWSBURY, OSWESTRY, AND CHESTER JUNCTION
RAILWAY.—Out of the twenty-four miles of railway,
assents have been received from the landowners on twenty-
two miles, and there is a certainty of obtaining the assent
of those on the other two miles. The estimate of the
ergineer is more than ample to execute the railway, a
t-r7der having been received from the most eminent con-
tractor of the day, Mr. Thomas Brassey, of the firm of
Mackenzie and Brassey, to execute the whole works under
£330,000—leaving £70,000 to meet any possible contin-
gencies.

GREAT WESTERN RAILWAY.—On Tuesday last the
half-yearly general meeting was held at the Paddington
Station. The report stated the receipt for the six months
ending on the 31st of December last, to have been
£410,046 Is. ld., presenting an increase of £62,248 10s.
sd. over the former corresponding half-year. It com-
prises, however, the Income from thirty-two miles of
railway which were not opened for traffic in 1843. After
defraying the expenditure, and all charges for rent and
interest on money borrowed, (giving credit for a sum of
£3,216 realised for premiums on some South Devon
Railway shares, which were taken as a temporary invest-
ment, and have been since resold,) there is a balance of
£160,517 is. 10d. disposable by the company, and the
directors consequently recommend that a dividend of four
per cent. should be declared payable to the proprietors,
for the half-year ending 31st December, 1844. A balance
of £13,613 is. 10d. will then remain to be carried to the
credit of the current half-year. The report alludes, at
considerable length, to the extension lines lately in dispute
between the Great Western and South Western Compa-
nies, and states that an amicable adjustment has been
effected "in a spirit of fairness and equity." The report
and the dividend were carried.