The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1846-10-13 00:00:00

EDINBURGH AND GLASGOW RAILWAY.

Now that thenew Directors have been duly
installed into office, we are tempted once more to advert
to the recent differences in this Company, which, as involving
property to so great an amount, have drawn so much attention
and created so great an interest—not for the purpose of re-
flecting: on the late Directors, but with the view of warning
others in like trusts, more particularly their sucessors, against
errors similar to those lajd to their charge.
The great question, of course, was the proposed amalgama-
tion with the Forth and Clyde Canal, to which many of the
shareholders, we understand, would not have objected on fair
terms, but to whom, as to us, the proposed terms appeared to-
tally unfair. The railway was paying six per cent., the canal
four. Now, taking this for the criterion of their repective va-
lues, (and there was a greater prospect of an improved dividend
from the former than the latter, for while the one was ad-
vancing in prosperity the other was retrograding,) and apply
the rule of three to the subject—if 6 give 100, what will 4 give ?
—the answer will be x'66 13. And if we check this calculation
by turning to the interest tables, and look what 4-66 13s. will
produce at six per cent., we shall find it will be exactly ; but
for which sum of .e 66 135., it was proposed to give -tloo—thus
overpaying or sacrificing on each share .-33 75., or 33 per cent.
Again, if we take the market or selling price of the respective
stocks before the amalgamation was proposed (which had the
effect of raising the value of the canal stock), say Ist August,
1845, matters will be still worse. Railway stock at this period
was 84, canal 112; the canal shares being exactly worth, each,
one and one-third of those of the railway; for one-third of
£B4 is .128, which, added to .134, makes exactly -t'll2. But
for this sum of .tll2 the directors were to give two railway
shares, or £l6B, thus sacrificing .t. 56 on each share !
Another gross error fallen into seems to be this :—Mr. Raw-
son well observes, canals do not propagate their species or
kind, but remain as they are, and, in all human probability,
will now so remain. 'But railways are continually extending,
and making new branches ; yet, by the proposed amalgama-
tion, it was intended that the canal proprietors should partici-
vate in every extension of the railway stock. This, at the same
time, involved the reduction of the half shares to fifths, which
gave so much offence ; for if a condition had been made, as it
should have been, that no such participation by the canal share-
holders should take place, no such reduction in the half shares
necessarily would have followed.

Lastly--IWould any set of persons who were capable of deal-
ing.with such matters, or who at all thought what they were
about, ever have referred the settling of a transaction where
property of such magnitude was concerned, to the arbitration
of any three men on the face of the earth, however respectable,
without reserving, and not entirely abrogating, as they did
their own judgment ? No; the matter should have been settled
by direct bargain or negociation of the directors; and the pro-
posed terms of the amalgamation tabled, at least three months
previous, for the consideration of the shareholders. with due
intimation to them, insiead of being attempted to be hurried
through as it was.
As to the integrity or uprightness of intention of the late
directors, we do not for a moment question it ; but as to capa-
city, or conduct in other respects, it is unnecessary to say
anything after the judgment pronounced by the shareholders.
The amalgamation was altogether rash and ill. considered.
Throughout they displayed a total deficiency in those enlarged
views and that precision of judgment especially required for
dealing with the important matters with which they were en-
trusted. And however much the shareholders might regret the
hasty step rendered necessary by their conduct, it was'impos-
sible they could allow them to go on thus blundering. We
sincerely trust that their successors will pursue a course more
consistent with the true interest of the Company over which
they preside; and this duty they will best perform, we cannot
but' think, by entirely eschewing the short-sighted, partial,
and injurious policy from which the undertaking has already
suffered so materially, both in a pecuniary sense, and in the
estimation of the general public. The Scottish Railway
Gazette.

DESTRUCTION OF ST. JOIIN'S, NEWFOUND-
LAND, BY FIRE,

INCLUDING THE MERCHANTS' OFFICES AND STORES.
yrILNERS' FIRE-RESISTING SAFES AND
BOXES, OF TWENTY SIZES AND DESCRIPTIONS,
IN NESTS, FOR RXPORT.

Internel and Protracted Evaporation in Fire gives Mr LNERs'
Safes security, where all others must bnrn their contents.
From the numerous cases of actual Fires in which they have
been tested, out of the 20,000 in use in the manufacturing and
commercial districts, the following contrasted evidence is sub-
mitted to all owners of Books and Documentary Property:—
"Birkenhead, June 2, 1845.
"DEAR SIR,—We have much pleasure in bearing unqualified
testimony to the efficiency and important advantages of Mil-
Hers' Fire-resisting Safes and Boxes, in cases of accident from
Fire. After the destructive Fire at our offices, this morning,
the books and papers deposited in Milners' Safe, purchased
froth you, were found to be entirely uninjured by fire, whilst
those contained in a strong Iron Safe and Drawers standing
beside it, were completely destroyed. We will accordingly
thank you to supply us with another Safe of the same size
(No. 4) and description, iiiimediately.
"Sir, your obedient servants,
J. and W. WALKER.
"Mir. JAMES LAW, Stationer, Birkenhead."
Works, 50 A, Lord-street, 47 to 45, Cable-street, and 15, South
John-street, Liverpool ; London DepOt, 47 A, Moorgate-street.

Observe that the Signature of the proprietor, "G. C. Serjeant," •
is written on the Government Stamp.
SERJEANT'S LOTION, the only effectual Remedy
against Rheumatism, Rheumatic Gout, Sciatica, and Lum-
bago. Sold by the Proprietor, G. C. SERJEANT, No. 1, Lo-
vell's-court, Paternoster-row, and 2, Bell-yard, Temple-bar,
London ; and by all Venders of Medicine. Price 2s. 9d. per
Bottle.

The astonishing success which has crowned the application
of this external Medicine in the most hopeless and deplorable
cases, when the unhappy snfferer had despaired of ever gaining
even the least relief, and this after the ablest advice and every•
other means had completely failed, most justly entitles it to the
attention of the afflicted.

This excellent Medicine, so universally esteemed, is unat-
tended with the least danger or inconvenience, and hundreds
have experienced its happy and salutary effects since it was
first introduced.

Amongst many which are being daily received are the follow-
ing testimonials:—
TWell-vtreet, Cripplegate.
have been several weeks confined to my bed by Gout
and Rheumatism, not a part from my head to my feet free from
pain, and as helpless as an infant: not even a tinzer could I
move. In this unpleasant situation I was informed by my me-
dical attendant lie had applied all the usual remedies, and that
I might remain months in my deplorable situation.
Fortunately your remedy was made known to me, or I might
have been to this day conkued to my bed. After a close appli-
cation of four days, my troublesome companion began to dis-
appear ; in a week I was capable of walking about my room,
and by another week's perseverance in the use of your Medi-
cine was enabled to leave Loodon. Fearful of another attack,
you will please to send six bottles.—l am, Sir, your obedient
Servant. D. W. STONE.
4. Paternoster-ro-e.

"Sin,—Having been informed of the surprising cure of. Mr.
Barnes, of St. Paul's Churchyard, who was so severely afflicted
by Rheumatism, the intense pain causing delirium, that he was
compelled to be confined by a strait waistcoat to prevent his
committing any violence, and whose case was considered en-
tirely hopeless, I was induced to ascertain the particulars, and
being satisfied of the truth of my information,. encouraged me
to make a trial of your most invaluable Medicine, entertaining
little hopes of success, having been many years so severe a suf-
ferer, and tried many said to be very valuable remedies. lam
very happy in being able to add my testimony of the benefit
I derived: after a few days' application the use of my limbs are
perfectly restored, and I am now able to attend my business,
nd, making an allowance for my age, never was better in my
life. To those, however severely afflicted and hopeless their
case may have been pronounced, I beg of them to make a trial,
feeling quite satisfied they will be restored to the use of their
limbs, from the severe cases that have yielded to this Medicine.
Health is a great blessing to those who can enjoy it, but to
hose who are deprived, none feels it so severely as the trades-
man or mechanic, as it generally causes loss of business, and
brings ruin on families. I shall at all times feel it my duty to
make it known to those afflicted, to evince how grateful I am
for my restoration, and am, Sir, yours truly,
GEORGE POLLARD.

October 20, 1844.
14, Belmont-place, Wandsworth-road, Oct. 26, 1844.
feel in duty bound to acknowledge, that after suffer-
ing acute pains from Sciatica, or severe Rheumatic affection in
the hip-joint, and being deprived of rest, I was persuaded to
try your embrocation, and have the pleasure to say that after
three applications I was restored to my usual health ; and, al-
though two years have passed, I have no return of the disorder.
—I am, Sir, gratefully yours, EDWARD NOYES.

Such are the properties of this invaluable Specific that per
sons labouring under the most distressing Rheumatism, Rheu-
matic Gout, and Lumbago, and rendered thereby incapable of
assisting themselves, have been relieved in a few hours.

Sold 13y Pendlebnry, .Russell-street ; Titherington, Oxford;
street; Hogarth, Great George-street; Fisher, Bold-street -
Coupland, Parker-street; Gen4rd, Oldhall-street ; Parkinson,
New Scotland-road ; Neal, Scctland-road ; Simpson, Scotland-
road, opposite St.. Martin's Market; Mackow, Vauxhall-road;
Britten, corner of Dale-street and Haymarket; Smith, Great
Homer-street ; Cox, Fox-street ; Gillard, Richmond-row ; Low,
Islington • Walker, London-road; Parry, Christian-street ;
Wagstaff, George-place ; Priestley, Lord-street;
Woodside; Price,-Wavertree.

Mr. Love, the first ventriloquist of the day, gave the
second of his entertainments yesterday evening, at the
Assembly-rooms, Great George's-street. The attendance
was numerous and highly respectable, and the perform-
ance went off airuirably.
THEATRE How. —The visitors of this theatre during
the past week have been by no means scanty, and if we
may judge the satisfaction they have felt from the ap-
plause they have bestowed on Mr. Jacobs' performances,
it has been great indeed. This wirird of wizards has
nightly given an entertainment that defies description, for
the feats he accomplishes in necromancy are so adroitly
xecuted, that, to say the least, they leave the most acute
in wonder and astonishment—impossibilities appearing re-
alities. In ventriloquism, Mr. Jacobs is also excellent ;
and Mr. Bateman, a talented delineator of the Negro
character, has added greatly to the amusements of the
ateiences.
"LAW OF RESISTANCE TO LOCOMOTION.--At the re-
cent meeting of the British Association, a paper was read
on this subject by Mr. Scott Russell, which to those who
have trot studied the subject, must be curiously interest-
ing. It is a natural supposition, that the greater the ve-
locity of a body in rapid motion (such as a railway train),
the greater the proportionate atmospheric and tractic re-
sistance it has to encounter ; but the experiments of Mr.
Russell and others—which have extended over six years,
and have been made upon various lines—completely over-
turn such a notion. It is shown, that while the resistance
in pounds per ton to a train travelling at the rate of 31
miles per hour is as 23'30, the resistance at 32 miles per
hour is only as 18'201bs per ton ; and, what is even more
surprising, the resistance et a speed of 45 miles per hour
is as 21'70, or above 21bs per ton 1( ss than that opposed
to a train going at 31 miles per hour. The amount of re-
sistance at 41 is nearly the same as that at 51 miles per
hour, or about 26 lbs. per ton. Although these figures
are given as only an approximation to cwrectuesst yet
similar proportions as to resistance to various velocities
are asexrtainecl to be correct by a formula of calculation
which produces, if not the same figures, nearly the same
proportions.
NEWSPAPERS.—From a book of statistics, recently
üblisb
ed by the authorities of the city of Boston, it ap-
pears that nu less than twelve acres of newspapers are
printed in Boston daily.
Corsicrnittccr.—lt is a remarkable coincidence that
one vote carried the American tariff of 1824 : one vote the
tariff of iK:8; one vote in each house carried that of 1842;
and by title yote in the sepatg the tariff of 1816 has become
a law.