The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1845-10-14 00:00:00

RAILWAY INTELLIGEACE.

The new Kent lines for next Session comprehend a
capital of upwards of £12,000.000.
A grand central railway station is to be formed at Car-
lisle.

A new project is the formation of a " Railway Carriage
Building Company."
The Edinburgh, and Glasgow, and Scottish Central
Companies mutually have agreed that the former Company
shall lease the Scottish Central at 6 per cent., with a di-
vision of the surplus profits.

The Morning Chronicle states that a contract has been
entered into by Brassy, Stephenson, and Makenzie, the
contractors, for the construction of the Trent Valley
Railway at £611,619, at the rate of £12,000 per mile, to
be completed bythe spring of 1847.
The Leeds and Thirsk Company have agreed to co-ope-
rate, and the two lines are to run into each other, and
have a joint station at Knaresborough. By these arrange-
ments it is said the Company will be placed on the direct
lines to Whitby, Scarborough, and Unil.
RAILWAY DIRECTORS.—A correspondent of the Times
gives a list of four gentlemen, one of whom is a director
of 23 companies advertised in two days, another of 22,
another of 21, and another of 20. One hundred shares in
each would be—No. 1, £57,000 ; No. 2, £55,000; No. 3,
£52,000 ; No. 4, £50,000.
THE VATICAN VERSUS RAILROADS.—The Gazelta
Italiana, a print published at Paris, mentions three de-
crees which, it alleges, have been recently issued by the
Pope. The first prohibits the construction of any de-
scription of railroad in the Pontifical dominions ; by the
second, all the Pope's subjects are prohibited from at-
tending any scientific congress; and the third orders all
physicians not to attend such patients as, after their third
visit. shall not have received the sacrament.

RAILWAYS IN THE ISLE OF MAN.—The Isle of Man
seems as likely to become an object of railway contention
and enterprise as Yorkshire and Lancashire are at the
present moment, and its local parliament, the " House of
Keys," to have its solemn dulness diversified by railway
debates and railway committees. Two companies are in
the field for the prize, one the Isle of Man Railway Com-
pany, the other the Great Manx Company. The latter
is taken up by the Glasgow interests.
THE RAILWAY KlNG.—During the past month or
two railway papers have been called into existence with
unusual rapidity, and some of them are conducted with
extraordinary energy and ability. Amongst the latter
class is a paper bearing the title at the head of this para-
graph. Its pages are crowded with information of the
highest importance to the railway world, and the edito-
rial articles display a judgment and discrimination which
render his opinions of no ordinary value. We give in
another column one or two extracts from our contem-
porary.

In consequence of the proceedings adopted within the
last few days by the shareholders in the Eastern Counties
Railway, the directors have issued a circular stating that
several members of the present Board are about to resign.
They set forth that one has actually retired, and that Mr.
Fisher, the banker of Cambridge, has taken his seat at the
Board. The directors likewise assert that they have
opened a negotiation with Mr. Hudson and Mr. Wad-
dington, IA ith the hope of inducing those gentlemen to
enter the direction. Finally, they announce that other
changes are in contemplation.

RAILROAD EXTRAORDINARY.-1t has been ascertained
by Mr. Pease and others, that coals may be carried by
railway under arrangements most beneficial to all parties ;
and it is proposed to complete a double line of railway
from Newcastle to the metropolis for the carriage of
goods only; these goods being coals chiefly upwards, and
miscellaneous packages downwards. As this line would
exclude passengers, great speed is not an object. The
cost of the railway is estimated at somewhat above
£4,000,000, and it is proposed to obtain a subscribed ca-
pital of £5,000,000 to meet all contingencies. The con-
sumption of coal in London alone is about 4,000,000 tons
annually.—Tyne Mercury.
THE RAILWAY SYSTEM.—Railways are revolutionising
our whole social _relations. They are no mushroom
growth, no fancy of a day. The success of the Liverpool
and Manchester Railway—the work of the enterprising
capitalists who projected it, and the engineer who sup-
plied them with a locomotive fit to work—was the fruition
of more than a century's experiments—from the first
nailing of iron plates on the surface of wooden rails in
1716, and from Trevithick and Vivian's first construction
of a working locomotive in ISO 2. The cautious progress
of railways from 1830 to 1844 has afforded ample proof of
their practical utility : the spring tide of railway construc-
tion that has now set in upon us is the necessary conse -
quence of the conviction that they have become indispen-
sible to the existing wants of society. the railway has
become one of our institutions.—Railway King.
LEEDS CENTRAL RAILWAY STATION.—A project of
imposing magnitude for the formation of a grand com-
bined railway station in Leeds has been proposed during
the last week, and warmly taken up. The promoters of
the scheme represent the followingfive Railway Companies,
who thus propose to combine their Leeds termini in one
grand Station ; viz :—the Leeds and Thirsk, the Leeds
and Dewsbury, the West Riding Union, the Leeds and
York, and the London and York Railway Campanies, the
last named company becoming connected with the Leeds
by a projected branch to Wakefield, there to be joined by
an extension of the Leeds and Dewsbury line; and the
Leeds and Manchester Company also being connected
with the undertaking through the West Riding Union
Company. Overtures have also been made to the Leeds
and Bradford Railway Company to join in the project,
which appears to be one that must eventually, if carried
out, become the focus for all Railways connected with
Leeds.

MANCHESTER, BOLTON, AND BURY CANAL NAVIGA-
TION AND RAILWAY.—A special general meeting of this
company was held in the Clarendon-rooms, Mr. James
Brancker, in the chair, on Thursday, for a variety of pur-
poses. The meeting was fully attended. The resolutions
i proposed by the directors, five in number, were carried
i without any substantial opposition. By the first, the
mortgage debt of the company, £'!61,400 was converted
into share capital, and the present capital augmented by
the sum of X 120,000, in order to complete the works, and
to provide additional working stock. The second em-
powered the directors to issue scr_p certificates to repre-
sent the proposed new capital upon the terms named
and the next to take measures which they might deem ex-
pedient, in reference to any extensions of, or new pro-
jects connected with. the railway. The other two resolu-
tions were farinal. The business of the day being over,
Mr. Crosthwaite paid some high compliments to the zeal
and ability of Mr. Hawk haw, in the service of the com-
pany, and moved that the cordial thanks of the company
be presented to him, also that a subscription be entered
into, for the purpose of presenting him with some sub-
stantial mark of esteem. A committee was appointed
to carry the object into effect.
RAILWAY DEPOSITS.—The city article of the Morn-
ing Herald, in noticing the effects which may be pro-
duced by the payment of the railway deposits to the
Accountant General, has the following remarks :—" On
I the average of 25 years, from the commencement of the
French revolutionary war, the loans made to Govern-
ment amounted to £25,000,000 per annum, exclusive of
the war taxes, which could not be rated at less than
£15,000,000 more, 'making a total of £40,000,000. This
was a display of national resources applied generally in an
unproductise manner, without a parallel in the history of
society ; and cc for from it producing an abstraction of
capital from the ordinary pursuits of industry, material
improvement went pari paalu on a ratio never witnessed
before in any age or country. The question, therefore,
may be put and answered in this way :—lf the profits on
the capital of the country admitted of an annual ab-
straction of £40,000,000 from the year 1792 to the peace
with the United States, without encroaching on the
means of reproduction, how much can now be annually
spared for objects which in their very nature involve the
principle of reproduction on a certain ratio, short as it
may be of the estimate of the projectors? That the ag•
gregate capital of the country has materially increased
during the last thirty years is a self-evident proposition,
proved to demonstration by the comparison of the pro-
perty and income-tax at the two periods, leniently as it
has been levied in the latter of the periods, and we there-
fore conclude that there is no reason to doubt but an ex-
penditure of £30,000,000 to £40,000,C00 per annum may
be made on railways, without leading to any serious de-
rangement, all other matters remaining the same.

PROGRESS OF RAILWAYS.—In the autumn of 1833 the '
"Rocket " had been started four years, the Liverpool and
Manchester Railway had been open three, the -Garnkirk
and Glasgow two, the Warrington and •Newton had only
been opened that season. The system was in its infancy.
But Clear heads - both in England and Scotland had
staked their credit on its success. The directors of the
Manchester and Liverpool with their Stephensons, and
the Tennants and Bannatynes of Scotland with their Mil-
ler, already saw others following their example. The pro-
gress of the faith as it is in railways was for a time lei-
surely enough. The acts of the Birmingham and Man-
chester, and of the Grand Junction, were passed in 1833;
the former was only opened in 1837, and the latter in
1838. In 1810 the Great Western and the South Eastern
were only "in progress." From 1826 (the year in which
the Liverpool and Manchester railway act passed) to 1843,
148 railway acts were passed, capital to the amount of
fifty-seven millions and a half subscribed, loans contracted
to the amount of twenty-one millions and a half. At the
close of 184-1 there were sixty-four lines of railway actu-
ally completed and in operation ; their combined length
was 2,0691 miles ; the capital invested in them was up-
wards of sixty-four millions. The additional railways at
present actually in progress are 130, extending over 3.543
miles, and estimated to cost £74,407,520. Take up a
railway map. and, what with black and what with red
lines (indications of completed and p ojected railways), it
reminds one of a map of the heavens in the palmy days
of the Ptolemaic system, " with centric and eccentric
scribbled o'er."—Railway King.
LIVERPOOL AND BURY RAILWAY.—An extraordinary
general meeting of the proprietors in this Company was
held on Wednesday. Mr. James Brancker, chairman of
the company, occupied the chair. The report of the di-
rectors congratulated the shareholders upon the position
which the company bad obtained, and upon the circum-
stance of the expenses up to the day of the Royal assent
being given to the act having been under £30,000. The
engineer's report was equally favourable ; from it we
learn that the ground will very shortly be broken for the
construction of the line. Messrs. Thomas C. Molynenx
and J. H. Brancker were appointed auditors at a salary of
£25 each. Sir Thomas Brancker was appointed treasurer.
The following gentlemen were appointed directors :
Lord Balcarres, James Brancker, J. Crosthwaite, C. J.
Derbyshire, William Evans, Pasco Grenfell, William
Peace, haw, R. Stuart, W. Stuart, J. Woodcock, and
R. Grenfell. The directors' remuneration was fixed it
£1,200 per annum. The shareholders then resolved them-
selves into a special meeting, and two resolutions were
discussed at great length. One of these enabled the di-
rectors to take measures for procuring powers to make
extensions, and the other confirmed the terms of agree-
ment for an amalgamation with the Manchester and Leeds
Railway Company. By this agreement the shareholders
in the Liverpool and Bury Company are to receive 20,000
£5O shares in the Manchester and'Leeds Company, the
dividends on which, for the first two years, will be £1
per cent. less than on those of Manchester and Leeds,
and equal afterwards. Mr. Charles Turner moved that
the decision on the subject be postponed for a fortnight,
and in the meantime each proprietor to be furnished with
a copy of the terms of amalgamation. This motion was
rejected ; and the two resolutions were carried by large
majorities. The secretary's salary was fixed at £5OO.