The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1846-11-17 00:00:00

THE LTVERPUOL STANDARD.

RAILWAY 11V7 E LLIGEN CB.

The Railway Record says that an amicable .trrange•
ment is likely to be come to between' r. Hudson and the
Great Northern Railway Company.
THE RAILWAY BOARD.—The Gazelle announces the
appointment of Mr. E. Strutt, Earl Granville, Sir E.
l(yan, and Capt. Brandreth, R.E., as the• Commissioners
of Railways. They commenced to act on the 9th inst.
THE TRENT VALLEY RAILWAY.—The works of this
line are proceeding very rapidly. The junction has been
formed at Rugby, and there is every prospect of the line
being opened early next year. _ -

A railway bridge recently erected at Mortimer, near
Reading, over the Berks and Hants branch line of the
Great Western Railway, fell suddenly last week, and the
lives of three workmen were unfortunately sactificed.

At a special meeting on Thursday, Mr. Hudson car-
ried into effect the long-expected measure of raising the
.El-1 16s. shares of the Eastern Counties' Railway Com-
pany to £20., by means of a small additional payment,
and a bonus of £4.

The Scottish Central Railway is about to pass into the
hands of the London and North-Western, Lancaster and
Carlisle, and Caledonian Companies, and the shareholders
of the undertaking have approved of the terms upon which
a lease in perpetuity is to be completed.
Loss OF LIFE ON THE LANCASTER AND CARLISLE
LINE OF • RAILWAY.-It has been computed that one
man has been killed on every two miles of the above line ;
but we think that this calculation will fall much below the
average, as between Plumpton and Hughes Cragg Viaduct,
two men, if not three, have lost their lives to every mile
of railway formed.—Kendal Mercury.

LANCASTER AND CARLISLE RAILWAY.—The works
upon this line are rapidly progressing towards completion.
On Friday week a train left Carlisle at seven o'clock, and
arrived at Lancaster between twelve and one o'clock—the
actual travelling having occupied about three hours and a
half, inclusive of stoppages. This was the first train that
came through. Several of the directors as well as the en-
gineer, were well satisfied with the state of the works.
They have resolved to open the line throughout as early
as possible.
BIRMINGHAM AND OXFORD, AND BIRMINGHAM,
DUDLEY, AND WOLVERHAMPTON RAILWAY COM-
PANY.—An arrangement has been come to by the direc-
tors of these amalgamated companies with the Great
Western Board, for the sale cf the united lines. The
terms are £lO ss. premium per share, to be paid on the
completion of the lines-5 per cent, to be paid on all
calls made in due comae, or 4 per cent. if the whole share-
capital be paid up at once. The Great Western are to
provide all additional capital that may be required.

LIABILITIES OF PROVISIONAL COMMITTEEMEN.—
In the Court of Common l less. an action was brought by
Mr. Parrott, advertising agent, to recover from the Hon.
F. H. Berkeley, M.P., the sum of £2OO, for advertising
the prospectus of the Birmingham and Buckinghamshire
Railway, of which it was alleged defendant was a pro-
visional director. The plaintiff, not being in a position to
prove that the prospectus in which the name of the de-
fendant appeared had been issued by the officers of the
company. was nonsuited.
RAILWAY ACCIDENT.—On Sunday night week a dread-
ful accident took place on the i ancaster and Carlisle
railway, near Kendal. A party of sub-contractors and
others decide 1 on a pleasure trip to Shap, to celebrate
the completion of the line, and proceeded with two en-
gines. On returning one of the engines preceded the
other, and was incautiously left standing on the rails, in
the way of the other. A collision was the consequence,
which dashed the former engine to pieces, and dreadfully
injured those on the latter, which were thrown off in all
directions. One man was forced into the engine furnace
and was most severely scorched.
SFEED ON THE NARROW GAUGE.-4t iS stated to us
on very good authority, that one of Mr. Stephenson's
outside cylinder engines, with six feet-six driving wheels,
took a train of eleven carriages, weighing about fifty-five
tons, over the London and North-Western line between
Leighton and Tring—viz„ nine miles in twelve minutes—
that is, from station to station, including getting up speed
when departing from the Leighton, and reducing it when
arriving at the Tring station. This gives an average speed
of forty-five miles per hour. Of the nine miles, six are
on an ascending gradient of 1 in 330, and the remaining
three on an ascending gradient of lin 1,650. If our in-
formant be correct, this is certainly the greatest perform-
ance yet achieved by the narrow gauge engine, as seven of
the nine miles must have been travelled over at upwards
of sixty miles per hour.
THE LEVIATHAN RAILWAYS.—The Morning Herald
sums up a long article at the head of their railway intel-
ligence in the following terms :—" We repeat there are
indications of a better understanding between certain
great railway companies—namely, the Great Western and
the London and North Western. We believe we fully
understand how amity between them may be conducive
to their interests, apart from the saving that must be
effected by a discontinuance of their opposition ; and even
exclusive also of any agreement that may be come to, or
may have been come to, that the Oxford and Birmingham
line shall not, as the Railway Record, the best informed
and most able of the railway journals observes, be made
' needessly and wontonly a source of offence and discom-
forture to the neighbouring North Western.' That it is
the interest of the Great Western and London and North
Western Companies to act with and not against each
other, no person will dispute. We believe that they will
soon act together, but we trust we shall not see the amity
of these two great companies followed by their united
opposition to another aigantic union of railway interests.
Such a contest might justify, if it did not occasion, par-
liamentary interference."

FINANCIAL SUMMARY OF THE WEEK.
(From the Britannia.)
SATURDAY MORNING.
The Consol market has been much steadier during the
week, and prices have now recovered the sudden fall they
experienced a fortnight back. A fair share of business has
been done, though there seems generally an absence of
speculation.
The exchanges continue to decline, and it is thence in-
ferred that we must speedily expect a considerable export
of bullion to take place. By the Bank returns, however,
it would appear as if the drain were rather on the decline
than the advance. The Gazette return of last night an-
nounces the stock of gold and silver bullion, for the week
ending Saturday last, to be £14,235,885. as compared with
£14,309,595 in the week previous. This shows a de-
crease of £74,010 in the issue department , but in the
banking department the stock of gold and silver coin has
risen from £498,184 to £524,621, so that the total de-
crease is less than £50,000, a sum quite inconsiderable
when compared with the large stock of bullion at the
Bank disposal. As, however, considerable purchases of
grain are still being made, and the premium on English
bills in America has risen to nearly 0,90 per cent., it is
not improbable that a considerable shipment of bullion
will shortly be made.
Money is much less plentiful than it has been for some
time past. No certain change has heen made in the rates
of discount, but paper is not so readily negotiable without
an advance.
Consols left off firmly last week, week at 94f1 for money,
owing to a large purchaser corning in for the Court of
Chancery. On Monday prices were merely nominal, from
the bustle of Lord Mayor's-day. Tuesday the market
was fair at an advance, Consols for money and account
being 941 to 4. Wednesday another improvement took
place, and, as stock was scarce, prices for money and the
account on the 28th were the same figure, 914 to
Thursday prices were reduced by one-eighth, being done
for money and account at 941 to 4. Yesterday the amount
of business was not large, and the prices remained unal-
tered. For money and for the approaching settlement
they were as on the previous day, 9-la to 4.
Bank Stock has been done at 2041 : India Bonds, at
235 to 237. Exchequer Bills, lls. to 11s. premium. New
Three-and-a-Quarter per Cents., 95,i to 951.
In the Foreign Market we notice an improvement in
Spanish Stock. The Five per Cents. were done yester-
day at 264, and the Three per Cents. at 374. Portuguese
Bonds are still deplorably low, 384- to 381, but more con-
fidence seems to be felt in the success and stability of the
Government. The quotations are only nominal at pre-
sent. Equadot have been marked 3: ; Spanish Deferred
Stock was quoted 171 ; Dutch Two-and-a-Half per Cents.
have been at 59 ; and the Four per Cents. at 9li to 9?-1 ;
Mexican Five per Cents. are 224.
The Share Market has felt a partial reaction after the
late rise ; but prices are still well maintained, and in some
lines continue to advance. Less business has been done
this week, but on the whole the market still wears a
healthy aspect. A good deal of speculation still goes on
in Oxford and Birminghams. There is still no very satis-
factory or well-authenticated account of the rumoured ar-
rangement getween this company and the Great Western.
The terms which we find are most generally relieved to be
the true ones by the parties whom we would expect to be
best informed are, that " ten pounds or ten guineas " per
share of premium is to be paid on the completion of the
line, which it is understood will take place in two years
from this time, and that in the meantime interest at the
rate of four per cent. is to be paid upon the " calls "
which have been paid up. These we give as the terms
which we find most generally believed by the best in-
formed. Eastern Counties have improved, owing to the
favourable statements made at the half-yearly meeting
this week.
A very active and influential agitation is in progress
against the continuance of the present high duties on tea.
It is felt that the article is extravagantly taxed, that ex-
tended consumption is thus prevented, and tbat our trade
with China is fettered. Government. it is anticipated,
will see the prudence of giving immediate attention to the
subject.
'The grain markets continue decline; but the accounts
from the manufacturing districts are still gloomy, and
" short time" seems now to be generally adopted.
SATURDAY EVENING.
The English funds opened steadily this morning, but
receded immediately upon the publication ef the news
from Portugal. Consols were first quoted 944 to 4,
but
were afterwards done at 941, at which price they closed,
with some apnearance of heaviness. Three per Cents. Re-
duced left cff 934 ; Three-and-a-Quarter per Cents„9s4
premiumtoi;L;gaAndnn
Exchequer-bills,uities 9 15
Not much business was transacted in foreign stocks
l 6 India Bonds,
Bs. to 245.
this afternoon. Influenced by the tone of affairs in the
English market, prices presented a flat appearan.:e. Portu.
guese experienced adecline in consequence of the news from
.
that country, but the dealings were of or no moment.
The latest bargains in this stock were at 3 to 4 for money,
and at 37 to for the account. Spanish Five ('ents.
closed rather dull at about 26 for money and the ac-
count, and the Three per Cents. at 374.. The other prices
were—Mexican, for money, 22, and for ther account at
221- ; Dutch Two-and-a Half per Cents., at JO ; arid the
Four per Cents., Certificates, at 914.
In the Stock-Exchange there has been an increased de-
mand for money, and three per cent. has been given. Out
of doors there is no actual change, but the tentltncy is
still towards an advance.

LAW INTELLIGENCE.

VICE-CHANCELLOR'S COURT.-THIIRSDAY.
BREMNER v. M'NIE.

An injunction was applied for on notice to restrain
the Glasgow and Liverpool Royal Steam Packet Com-
pany, from appointing as their Liverpool agent any
other than the plaintiff, on the ground, first, that there
WAS an understanding when the company wss formed in
1837, that be should be continued in his agency ; and,
secondly, that the shareholders had not delegated or autho-
rized the directors to dismiss the cfficers originally
appointed. The deed did not give them this power, so.
at least, it was contended. The plaintiff was dismissed,
after notice, in December last. It was stated that it was
owing, in a great measure, to the mind and industry of
the plaintiff that the project had been conceived, and had
ultimately proved successful, and he took a share in the
concern. The Vice-Chancellor regretted the plaintiff had
not applied pending the notice. With regard to the deed,
it certainly did appear to him that the right construction
was that which gave the managers the power of removing
all the officers at their discretion. On these grounds he
must refuse the motion with costs.

VICE-CHANCELLOR'S COURT.—FamA Y.

DALE V. HAMILTON.

Mr. Romilly concluded the reply in this case, the facts
of which were stated in a former report.
His Honour, at the conclusion of the argument, ex-
pressed himself strongly in favour of the moral justice of
the plaintiff's claim to a third of the profits on the specu-
lation in the land at Birkenhead which is the subject of
the suit. The only legal difficulty which stood in the way
of relief in this court was the objection, founded upon the
Statute of Frauds, whereby a writing signed by the party
was rendered necessary in order to establish a contract
relating to land. On this question, on which so many
authorities had been cited, he reserved his judgment.

The winter assizes will be opened at Liverpool on the
6th December, before Mr. Baron Rolfe and Mr. Justice
Williams.

A rule to show cause why a criminal information should
not be filed against the Medical Times, for an article re-
flecting on the conduct Of Mr. Wakley, es coroner, in the
military flogging case at Hounslow, has been granted by
the Queen's Bench. _ _ _

An important question, relating to tithes, and depending
on an important construction of Lord Tenterden s Act,
has been referred to the Court of Common Pleas ; but
the judges of that court were equally divided in opinion,
and consequently no decision cou►d be given. A similar
question, arising from another suit, bas been referred to
the Court of Queen's Bench, where the judges were also
equally divided ; and the case will therefore be sent to
the Court of Exchequer.
It appears that in the action for damages brought by
Mr. Cotton, the late Governor of the Bank, against the
Eastern Counties Railway. for injuries sustained in the
memorable accident of the 18th of July last, the company
have allowed judgment to go by default. Under this
course the damages will simply be assessed in the Sheriff's
Court, and the company will escape the exposure of their
negligence which would have taken place upon the whole
subject being brought before a jury. In proceeding for
damages, Mr. Cotton characteristically stated his inten-
tion to hand over to a public charity whatever amount
might be awarded to him.