The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1844-07-09 00:00:00

Standard-office, Three o'clock.

The "London anti Bir•miiu and
the " Grand Junction" Railway
Companies.

This day, at one o'clock, a special general meeting of
the Directors and Shareholders of the " Grand Junction
Railway" was held in the Cotton Sales Room, for the pur-
pose of obtaining concurrence in the formation of
new shares towards the Lancaster and Carlisle Railway,
and also of furnishing those present with an official state-
ment of the favourable arrangement recently made for a
mutually beneficial alliance betweea that company and the
" London and Birmingham," the terms of which had
previously transpired, (though tite arrangement took place
only on Wednesday last,) and will be found in another
column of our present publication.
JOHN Moss, Esq. took the chair, and, after the notice
calling the meeting had heen read, said—
The Lancaster and Carlisle act having been passed on
the 6th ult., we have lost no time in calling you together
for the creation of the £l2 10s. shares, Si, as to raise the
capital agreed to be raised by the Grand Junction Com-
pany towards that undertaking. The needful formal re-
solutions for this purpose will be submitted for your ap-
proval, and with the adoption of these resolutions the re-
gular business of the day will be concluded. Althoueli it
does not, strictly speaking, form a subject of discussien at
the present meeting, we cannot deny ourselves the satisfac-
tion of stating what, we are assured, you will be equally gra-
tified to leant, viz., that the points of dispute between the
Grand Junction and the London and Birmingham b ards
have been set, led to mutual satisfaction; that the general
resolutioas of the two boards, by the arrangements in pro-
gress, be placed permanently on an improved touting,
whilst the result, so far as the public is concerned, is,
that the two cowponies will, by working together, be ena-
bled to give increased accommodation, and or, reduced
terms, such as it will be out of the power of any other
party to offer. The proprietors were informed at
the last general meeting, and I have great plea-
sure in now repeatinc, it, that the Grand Junction
Board have been always impressed with a deep
sense of the importance of keeping on the best possible
terms with the London and Birmingham Company. We
concurred with you that the Grand Junction Company
could never be fairly expected to consent to the London
and Birmingham either making, guaranteeing, or support-
ing a Shrewsbury and Bit mingliain Railway—or any other
north of Bit miaghatn, in opposition to the Grand June-
t on. We nevertheless felt, at the same time, that teat
difficulty once out of the way, there was no other which
did not admit
.of easy arrangement. Uion the occur-
rences of the last f ur weeks, (which have fully borne out
there impressiena,) it may suffice for the present to state,
that the Grand Junction hoard, after receiving from the
London and Birmingham board an offer of amalgamation
of the two concerns, which off:4 doubtless the proprietors
generally have seen in the newspapirQ, gave it their most
anxious and mature consideration ; anti that the result
was an unanimous decision against the amalgamation as
proposed, and a communication of the decision to the
London and Birmingham board, with the reasons for it,
said with such a recapitulation of past transactions and
communications between the two boards as we trust has
sati-fied t e London and Birmingham board that nothing
had ever been further from our wish or design than to
prejudice the London and Birmingham Company, or to
act otherwise than in harmony and in the most friendly
concert with them. We also offered a meeting for
discussion on a basis not inconsis eat with your reso-
lutions when you last assembled ; and this meeting
took place accordingly on Wednesday last, the 3d instant.
Nut only was the subject of a Shrewsbury railway
then satisfactorily disposed of, but the general arrange-
meet which was made includes the prosecution of the
Trent Valley Line on fair terms to all patties. In the
present state of matters, some minor points of detail
(though fully seta led as between the two companies) being
still under the consideration of caller pat ties whose iiite,.ests
are involved in them, we must ask for a continuance of
your confidence without more full explanation, at all
events until our general meeting next month. I am
sure this meeting will agree with me, that, having
happily terminated our differences, it would be unwise to
recur further to the past, or to publish any letters bearing
on questions now I trust for ever set at rest. I cannot
close these observations without expressing my belief that
much of the unfortunate feeling which has lately existed
may be traced to incorrect reports, circulated by parties
who have neither the interest of the London and Bir-
mingham nor Grand Junction Company at heart ; and I
sincerely trust that the arrangements now made will, by
securing an alliance of the closest nature, put an end to
the hopes of those who can only expect to live by pro-
ducing discord between us, who sought always to be at
peace.
.. . _

Mr. SWIFT (the Secretary) then read the resolutions,
most of which were of the usual formal nature in such
ca-es. It appeared that 22,031 shares (of £l2 10s.) were
to be created and offered to the several corporations and
individuals who are proprietors of the 10,918 £lOO,
10,918 £5O, and 22,627 £25 shares in which the capital
stock of the company stood, and which were to be divided
as follows:

For every £lOO share one £l2 10s. share.
„ two £5O ~ ~ ~
„ four £25 „ rr sr
Until the Ist of September next will be allowed to take up
.and transfer shares, in order that the new shares may be
ecpially divided; but should any of the new shares nut be
take)] up on that day, they will be sold for the benefit of
the company. Until the first general meeting for decla-
ring a dividend in 1847, no dividend wid made; but,
until that date, interest at the rate of £5 per cent. rer
annum will be paid out of the company's fund on the
paid-up portion of the £l2 10s. shares.
Toe resolutions were unanimously agreed to by accla-
mation, and wi hout a remark bei ig tendered, the subject
having before been amply discussed, and the meeting ripe
upon its merits.
The CHAIRMAN then announced, that unless some gen-
tleman had to offer some remarks, the business of the
meeting had come to a close. The parties were about to
retire when _ _

r. MOZELEY rose, and after congratulating the
meeting on the advantageous arrangement of the differ-
ences between the two companies, entered upon a long
explanation and apology of the former droceetlim:s of his
brother, thereto, and who he regretted was not present to
speak for himself. He believed that his brother had
been actuated by the best motives throughout,
though, at first, opposed to the ()Onions of those
with whom lie usually acted in concord, and that
no one rejoiced more than he in the cone liation that lvid
taken place. He alluded at some length to the angry
feelings that had, for some time, existed between the two
companies. lie highly complimented the chairman fur
the part he had taken in bringing about the settlement be-
tween the two companies.
The. CHAIRMAN said, in effect, that he was not aware
of such feelings having been ever entertained between the
two cempa,:iei. There was no such feeling at their board,
nor did be believe it existed in the other.. When the re-
sp, ctive deputations met the other day, no such feeling
was evinced by the members on either side, but all was
most courteous and agreeable, (hear) and he trusted they
would long continue so, their mutual interests being now
interwoven. Alter all that Mr. Mozely had stated with
reference to his brother, he could not help saying that the
latter, however he might be gratified with the result of
the arrangements made, had considerably retarded their
progress, but probably from mistaken views ; but he felt
grateful for the kind. feeling expressed towards himself.
The meeting, which evinced great gratification at the
announcement made relative to the London and Bir-
mingham Company, and their concurrence in what was
proposed as to the new shares, then broke up. We
should add, that the attendance was very numerous, and
highly respectable.

LIVERPOOL CORN EXCHANGE, Tins DAY.

(From Messrs. R. Makin & Sons' Circular.)

Up to the close of last week, the arrivals of Grain into
this port from any quarter were extremely light, and ex-
cept a fair quantity of Oats and Malt, Coastwise and from
Ireland, the receipts thence are still rather inconsidera-
ble; of Wheat from abroad, however, we have to notice
a tolerably good supply fresh in for to-day, and of Cana-
dian and States Flour 11,895 barrels as specified below.
Although, at this day's market, few buyers appeared,
from the country, there was a tolerable number of local
millers in attendance, and good English, Irish and Fo-
reign Wheats were disposed of to a moderate extent, on
terms varying little from those at the end of the week,
being in some instances at, and in others rather under the
currency of Tuesday last. Approved brands of Canadian
Float were in fair request at full prices, and superior
marks of Irish commanded rather higher rates, bat infe-
rior parcels of each were difficult of sale.
Barley and Malt were little noticed, and barely main-
tained our last quotations. Beans and Pease were more
unsaleable than usual, and each is. per quarter cheaper.
Oats were also in very slow request, at a decline of id.
per 451 b. ; whilst Oatmeal, though meeting some inquiry,
was taken off sparingly at late prices.
Exclusive of a few showers on Saturday evening, the
weather here, since the middle of last week, has been dry ;
notwithstanding which, the crops of grain around us con-
tinue to improve ; and Potatoes alone appear to suffer in
any serious degree, the rains hitherto not penetrating
sufficiently to insure an abundant yield.

ARRIVALS OF CORN.
From the 2nd to the Bth July, 1844, inclusive

LAND. IRE-
." COAST.vvIS. CANADA REITG-N.
1 -----
Wheat .. ... Ors. 542 643 1880 i 5385 8450
34
Barley ...... Qrs. 14 20 2682
Malt Qrs. 117 2565 5639
Oats Qrs. 4390 1249
Rye Qrs. 78 TOTAL.______
151
Beans Qrs. 7 66 54 r,4
Pease Qrs.
Shelled BarleyQrs.
Indian Corn. Qrs. I i
Rapeseed Qrs. i 9 ' 1617
Oatmeal .. Loads t 1808
80 2461
Flour. ....Sacks; 2381
Ditto aria. 9083 , 5812 11895