The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1846-02-10 00:00:00

corning

During some recent proceedings in the Lord Mayor's
Court, against Messrs. Eagles and Bisgood, the projec-

tors of the London and N'eorwich Direct Railway COm-
pany, it was stated that the two defendants constituted
the whole company—chairman, deputy-chairman, direc-
tors, secretary, surveyor, engineer!
The inhabitants of Barnard Castle have, at a public
meeting, resolved to petition Parliament in favour of the
York, Carlisle, Durham, Westmoreland, and Lancaster
Junction Railway, on the ground that it passed close to
the town, whilst its rival, the Northumberland and Lan-
cashire line, will pass at least a mile off.

The 1-louse of Commons closed on Friday, the last day
for the receipt of petitions for private bills, earlier than
usual, and a good many railway bills were too late, and are
therefore thrown out. One agent alone came up to the
house after it had closed with no fewer than fourteen bills
in his arms, and had the happiness of finding—closed doors.
At the Birmingham and Gloucester meeting a dividend
was declared of £3 per £lOO share, and 15s. per quarter
share upon all shares dated prior to Ist July, and of 12s. 3d.
per quarter share upon all dated prior to the Ist August,
1845. The business of the day was almost exclusively
confined to this, the company having now committed the
mana,zetnent of its affairs to the Midland.
The Select Committee of the House of Commons have
reported the expediency that a portion of the railway bills
should commence in the House of Lords ; that in regard
to these, the privilege of fixing and regulating rates and
tolls will not be insisted on ; and that Irish bills should
have the preference in the Lords. There are other re-
commendations, important only to those immediately in-
terested.

At the Bristol and Gloucester meeting, the Report
which was read recommended the distribution among the
proprietors of £11,896 as the half-year's interest due on
the Ist of January, being at the rate of 6 per cent. per an-
num on the stock, to which each shareholder is entitled,
under the agreement made on the Bth of February 1845,
between'the Midland and the Amalgamated. Bristol and
Gloucester and Bristol and Birmingham, deducting there-
from interest at 4 per cent. on such part of the stock as
still remains unpaid.
A railway Bear is a person who sells more shares than
he holds, for the purpose of depressing the market. A
railway Bull, on the contrary, is one who buys more than
he can pay for, with a view to get prices up by creating a
demand. A Stag is a person who obtains letters of allot-
ment or scrip by fictitious representations, for the pur-
pose of selling at a profit, and without any intention of
becoming a shareholder. A Lome Duck is a person who
cannot or will not pay his losses, incurred by speculating
in shares or stock.

LIVERPOOL, MANCHESTER, AND NEWCASTLE-UPON-
TYNE JUNCTION HAILWAY.—It having appeared in some
of the morning papers of Friday, snd railway papers of
Saturday, that the above undertaking had been thrown out
on standing orders, we are requested to state that this is
wholly incorrect. It was opposed by one or two land-
owners ; but, out of numerous allegations, there were only
three or four sustained, which compelled the sub-corn-
mittlloe to send the bill for further consideration to the
Committee on Standing Orders. But, inasmuch as no
bill referred under similar circumstances has ever been
thrown out, parties interested in this undertaking need
not be under any apprehension of this bill passing the

ordeal.
RAILWAY SHARES AS PROPERTY.—In the Court of
Exchequer on Saturday, two persons who were rendered
as bail and offered to justify, on being cross-examined,
admitted that almost all their property consisted of shares
in the Chester and Birkenhead and in the Leeds and Man-
chester Railway Companies. It was thereupon objected
that railway shares were of too fluctuating a character to
qualify special bail. The opposite counsel observed that
the shares in the above companies were at a high premium,
the railways were established and at work, and the shares
in them were as good security as shares in any joint-stock
undertaking in the kingdom. Mr. Baron Alderson ob-
served, that Bank of England notes, or money in the
funds, were, if viewed with the strictness here contended
for, fluctuating property. The Court considered the qua-
lification sufficient, and the bail justified.