The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-08-02 00:00:00

Leaving to the Reserved Fund

Depreciation and renewal of
Stock Fund viz.—
Set aside Dec. 31, 1841 £5OOO 0 0
Interest on do. -10 7 6
Set aside as above 5OOO 0 0

The CHAIRMAN said that the business of the meeting lay
within a very small compass, being, for the most part, of a
formal nature. With respect to the negociations with the
Manchester and Birmingham Railway Company (as regarded
the working of the line between Crewe and Birmingham,) he
was happy to announce that all differences of opinion were
in a fair way of adjustment. It was but justice to state that
they were indebted to their late excellent chairman, Mr.
Moss, for this happy result, and he considered he would not
be doing his duty did he not call the attention of the meeting
to the unwearied and valuable services of that gentleman.
(Applause.)
Among many other matters, the Chairman thought it
would be interesting to the meeting to submit the following,
statistics which involved the manner in which the railway
had been worked, and which he thought highly creditable to
his friend on the right, Captain finish, who hai devoted
much of his attention in drawing it up.
1. There had been no accident on the line during the
half-year, nor had any passengers been killed on the line
since it opened five years ago, excepting two gentlemen, who
met their death by their own imprudence in leaping from the
train when in motion.
2. Upwards of 7,000 troops had been conveyed on the
line during the half-year, and principally within the space of
one week the authorities of the Horse Guards and the inspect-
ing Field Officer have expressed their thanks for the manner
in which this service was conducted.
3. The number of applications for missing luggage for the
year ending 39th June, 1841, including articles of every de-
scription supposed to have been left on the Grand Junction
Line, was 100; the number recovered by •the office was 79;
and there is reason to believe that a great part of the re-
mainder never came near us. In the last year the number
said to have been left was 101 ; the number recovered 73.
4. The number of complaints by passengers and other
parties against the establishment for the year ending June,
1811, was 144, in which no blame could be attached to the
Company or its servants, except in 44 instances. In the
year ending June, 1842, the complaints had fallen to 101, in
which the Company was to blame 27 times ; this included all
complaints arising from detentions and late trains.
5. The amount of compensation paid by the company in
the departments of coaching, goods, live stock, and general
account, including all settled claims, was for the year ending
June 1841, £987 Bs. 10d. ; do. do. for the year ending June
1842, £6lB ss. Sd., with a much larger traffic.
6. The decrease of Manchester traffic during the last half-
year is £8,078. The total decrease on the whole is only
£4,349. There therefore is an increase elsewhere of £3,729
of this, the increase on Chester traffic, applicable to the 21
miles of that branch, is £3,205 2s.
7. That, with regard to the punctuality of the
June 3841, out railway,
it
0
appeared that in twelve months ending
of
-1,172 trains of different classes, 3,636 were to time, nvithin
of time
;
fifteen minutes, leaving 536, or 12 per cent., out
that in the year ending June 1842, out of 4,172 trains, 3,912
were to time, or within fifteen minutes, leaving 260, or 64
per cent., out of time, being only
half the amount of irregu-
larity of the preceding year. That it must be remembered
that the irregularities caused by connecting lines of railway,
and the inevitable detention occasioned by deep snow, were
included in these statements.

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' The Chairman then entered at some lengtkupon the
'abject of the statement of traffic made by the originators of
the Chester and Crewe line of railway, on their applying for
their act of parliament. It appeared that though the anti-
cipated traffic could not have been more than £13,000 a-
year in the first instance, it had been magnified by those
gentlemen to double that amount in the accounts they had
rendered. The parliamentary statements, indeed. could not
be depended upon : and it was melancholy to reflect that
members of the house should legislate in so careless a man-
ner. No less than £400,000 had been expended on that
line, yet the gross revenue was yet but £15,000. Parliament
bad, he thought, thus sanctioned a competinr, line against
them, which they were in a mahmr compelled to buy, and
which would speedily have proved almost a total loss to the
original proprietors, had it not fallen into other hands.
(Hear, hear.) He was glad to say, however, that the traffic
doing the present year, as compared with the last, was on
the increase.

Mr. ROTHERHAM moved, and Mr. EICKERSTETH se-
conded, a resolution to the effect that the Directors' Report,
and the accounts just read, he passed.
A Proprietor expressed a wish, that before the motiod was
put, the interesting statistics, furnished by Captain finish,
should also be published.

The CHAIRMAN stated, that he had ao objection whatever.
Mr. L. HEYWORTH stated, there was a mistake in the
statement made as regarded the Chester and Crewe length of
line. They might expect a greatly increased traffic when the
several resources of the line were more fully developed.
The CHAIRMAN admitted the fact, adding, that-he had
only alluded to the misrepresentations that had, in the first
instance, passed current in parliament.
Mr. L. HEYWORTH considered it of great importance that
the misrepresentations alluded to, and the carelessness in
admitting them, should go forth to the public. Parliament,
had the line not been sold, would have saddled the public
with a heavy loss, in the exhorbitant prices which the ori-
ginal proprietors must have charged them to make up a per
tentage for their deficiency. It was proper that this should
be shown, so that greater caution might be hereafter prac-
tised.

It was then moved and seconded, in compliance with the
recommendation of the directors, that a dividend of £5 per
cent. be made on the clear profits to the sth of June last,
amounting to £110,165, and that the same be paid on the
15th of August instant.

Mr. L. if EYWORTHremarked, in concurring with the reso-
lution, that if proper legislative measures were adapted to
relieve the country from its present commercial depression,
they might expect a more flourishing condition of their
finances. (Hear, and some disapprobation.) He felt con-
fident that no adequate return could be expected until there
was a different kind of commercial legislation ; and he hoped
that the present administration would feel inclined to effect
so desirable a change, and that those present would put their
shoulders to the wheel and enable them to carry it nut.
(Hear, hear, and some laughter.)
The meeting then proceeded to the election of three direc-
tors, in the room of Mr. Grant, Mr. Bold, and Mr. Walker,
who retired, and were not again (by act of parliament) eligible
for re-election. Mr. John Moss, Mr. James Heyworth,-ancl
Mr. Joseph Sanders, were proposed, seconded, and unani-
mouslyappointed to the vacancies.

Mr. BICKERSTETH proposed a special vote of thanks to
Mr. Moss, their late chairman, for his valuable services,
which was carried with loud cheers.

Mr. Moss returned thaa;iTa.brief and feeling manner,
expressing the deep interest he should ever feel in behalf of
the great concern in which they were mutually engaged.
The business of the meeting being now concluded, the
chair was vacated by Mr. Lawrence, and taken by Mr. Moss,
who moved a vote of thanks to the chairman, and the direc-
tors generally, whose exertions had been beyond all praise.
He added, that for himself he felt perfectly satisfied, under
all the untoward circumstances of the times, with the result
of the last half-year. (Hear, hear, and cheers.)
The motion was carried by acclamation, and the meeting
separated.

43 ottrp.

THE INCOME TAX,

AN EXCELLENT NEW SONG

(From Blackwood's Magazine for August.)

All you who rents or profits draw—
Enough to come within the law—
Your button'd pockets now relax,
And quickly pay your income tax.
A pleasant medicine's sure to kill,
Your only cure's a bitter pill:
The drugs of base deluding quacks
Made Peel prescribe his income tax,

You can't enjoy your pint or pot
And then refuse to pay the shot;
You can't pursue expensive tracks
Without a toll or income tax.
Ye Quakers clad in sober suit,
And all ye Baptist tribes to boot,
'Twas right, perhaps, to free the blacks,
But thence arose this income tax.
Ye bagmen bold, ye lovers fond,
Who daily like to correspond,
Remember, as you break the wax,
Cbeap postage means an income tax.
Ye noisy fools, wbo made a rout,
To try to keep the Tories out.
The blunders of your Whiggish hacks
Have brought us to this income tax.
Old Cupid's wish to crush the Czar
Has cost us, in the Affgban war,
Both English lives and Indian lace,
And hasteu'd on the income tax.
Regardless of the price of teas,
They anger'd, too, the poor Chinese,
The Mandarins have shown their backs,
But war soon brings an income tax.
Yet now I hope the new tariff
Will something save in beer and beef;
If that be so, you'll all go snacks,
And half escape your income tax.
At least we poor folks fear no shock
At hearing the collector's knock ;
His jest the poundless poet cracks
On him who calls for income tax.

NAVAL INTELLIGENCE

(From the Hampshire Telegraph.)
PORTSMOUTH, SATURDAY.—The Illustrious, 72, with the
flag of Vice-Admiral Sir C. Adam, has sailed from Honduras,
for Bermuda, in company with the Hydra and Spitfire; and
Fair Rosamond and Charybdis, for Port Royal. The Hydra
arrived at Port Royal on the 30th June, and sailed immedi-
ately after for Bermuda. The Volage, 26, Captain Sir W.
Dickson, Bart., arrived at Jamaica, from Santa Martha, on
the 21st June, with 800,000 dollars on board, and sailed on
the 26th for Halifax. We regret to learn by the Jamaica
papers that sickness had prevailed amongst the officers and
crew of the last cruise. Lieutenant Daley, the captain's
clerk, and one seaman, died. Lieutenant Davey was buried
at Santa Martha, and his funeral was attended by the officers
and crew of the United States schooner of war, Boxer.
The Winchester, 50, on her route to the Cape, and the
Spider, brigantine, on her way to the Brazils, called at
Madeira on the 18th and 23d ult.

_,...........
The Malabar, 72, for the Brazils, called at Santa Cruz ou
the 19th June.

The Fantome and Fawn, sloops of war, were at St.
Helena on the 28th May.
The Lark, schooner, and the Thunder, surveying vessel,
were at the Havana on the 18th June.

The Vanguard, 80, and Cambridge, 78, left Athens for the
Dardanells on the Bth July. _

The Rover, 16, Commander Keele, sailed from Jamaica
for Honduras, on the sth June. The Tweed, 20, Captain
Douglas, sailed from Barbadoes on the 17th June.
The Dragon, 72, at Milford, is in future to be called the
Fame, a new steamer, to be named the Dragon, being ordered
to be built.

—rile Pique, 36, is being hurried for immediate service, and
is reported ready on the Bth August. We are sorry to hear
that her esteemed captain. Henry Forbes, is obliged to resign
the command of her, in consequence of the illness with
which he was attacked in the West Indies.
The Daphne, 18, is commissioned to the eastward by
Capt. J. J. Onslow.
The Resistance, trooper, Commander Patey, arrived this
afternoon from Quebec, last from Cork, where she disem-
barked the 56th regiment from Quebec. The Resistance will
proceed again to Quebec, with the reserve battalion of the
71st regiment, now stationed at Chichester.

The Southampton, free trader, for Calcutta, sailed yester-
day morning. The Agincourt, for the same destination, will
sail on Monday.

The Ship Moffatt is at Spithead, taking in convicts for
Van Diemen's Land.

The ship George the Fourth is taking in 400 tons of bread
at Spithead, for China, with which she will proceed, after
landing the St. Helena corps, at that island.
Rear-Admiral Hyde Parker, C. 8., is appointed to succeed
Rear-Admiral Bouverie, as superintendent of this dockyard,
and will hoist his flag in the course of the ensuing week.
A court-martial has been held at Malta, on board the
Howe, of which Rear-Admiral Sir F. Mason was president,
for the purpose of trying Mr. James M`Donough, third
engineer of the Medea, steam frigate, for having gone on
shore without leave, after having been twice refused permis.,
and theallorth
talon. He was found guilty of the charge, and other acts of
misconduct, and sentenced to be dismissed the service, and
to three months' imprisonment in the Marshalsea. n
On Wednesday morning the coast-guard seized
of one man,
with 50 tubs of foreign spirits between Dover
Foreland. The smugglers, with the exception
the surveyor
escaped.Pmn, Liu RSDAY.-Sir W. Symonds,
next_ arrived on Thurs-
day the navy, is on an official visit to this port.
The Satelite, 18, Commander Gambier,
day from Spithead, and sailed the
Ame-
rica. day for South Arne-
_ _ _

The Albatross, 16, Commander Reginald Yorke, arrived
on Friday from Spithead, and she sailed the next day for the
West Indies.
The Actieon, 26, Captain Robert Russell, was paid off into
ordinary on Friday.
The Wellesley, 72, Captain Maitland came into harbour
on Saturday, and will be paid off the ensuing week. - The Netley, tender, sailed on Sunday, with stores for
Deptford ; and on the following day the
Mercury, tender,t,
arrived from Portsmouth, with supernumeraries for h, •
Wolf.
In Harbour.—Caledonia, San Josef,
Adventurer, and Contiance steamer. Wellesley, yaLlf

THE THREE DAYS OF JULY.—
The distributed
states that the usual complement of provisionsanniversary of the
to the indigent poor of Paris on eachaccount of the Duke of
glorious days of July was doubled onwhic
h consists of white
Courrier Francais
Orleans' death, This distribution,
t her's meat, was made
morning. The official
throughout Paris on Wednesday
scribed on the charitable list
bread, wine, pastry, pork and bu c .
comprise 30,000 families,
in the 12 arrondissements 91n, an average of one to twelve
statistics of the indigent poor
or about 70,000 persons, Ksiv., .
It is calculated that amongst
of the population
of Paroir there are more than 15,000 who
- indigent Po .
those ‘O,OOO 1
for assistance.
cliPanris
are ashamed to aPP Y
E'S OPEECH ON EDUCATION.—On
WHARNCLIFf
shop of London, in presenting a ---
Monday evening the BMonday
tition from a gentlemanstook occasion to allude to the language ern-
singing schools, Wharncliffe upon a former evening—lan-
ployed bY ,ll be remembered, noticed by Sir R. Inglis in the
guage, iteTommons. Lord Wharncliffe explained his words
House °A '' ~ what he had said was, that be should con-
as follows:
unfit for the situation which he had the honour
sider hinise
be departed from the rule laid down by the Com-
to hold if
Privy Council, and which had • acted
'dee of the
mi to education. this explanation it is quite
as
upon, bat the speech of the noble President was inaccurately
plain t
d therefore misunderstood. According to the
reger,oft his lordship laid down certain principles latitudinarian, approached very closely to thew cant of Li-
t
boralisra• His explanation proves that be laid down no
principlles whaer, confining himself to a declaration, that
he
stawoudblished. adhere to what he found established, because it was
e This throws a new light upon the whole of the
noble lord's speech ; for a man may vet y often honestly sup
port that which he never would have originated, rather than
incur the inconvenience of a violent change, one part of such
inconvenience being the committing of injustice to persons
who had committed their interests upon the faith of a state
establishment.—Staudard.

UNIVERSITY AND CLERICAL INTELLIGENCE.

(Froara the Oxford Herald.)
On Wednesday last, Henry Cope Onslow, M.A. ; the Rev.
Thos. Butler, M.A.; the Rev. Edward Kaye Burney, M.A. ;
Frederick Pretyruan, 8.A., Demies of Magdalene College ;
and George Woodfield Paul, 8.A., of Wadham College,
were elected and admitted Probationary Fellows of Magda-
lene College. And at the same time, Theodore Jos. Prichard
(Scholar of Oriel), John Geo. Wenhani (Commoner of St.
John's), Goldwin Smith (Commoner of Christ Church),
Wm. Windham Bradley (Scholar of Lincoln), James Elwin
Millard (Commoner of Magdalene Hall), Richd. Ilumphry
hill (Commoner of Exeter), and Thos. Keble, were elected
and admitted Demies of Magdalene. There were, as we
understand, nearly fifty candidates for the seven Demyships.
We learn that among the persons spoken of as likely to
sacceedlo the vacant Professorship of Modern History and
Modern Languages, is the Rev. Henry Wellesley, M.A.,
formerly a Student of Cbrist Church.
The Rev. Jas. Bearcroft, 8.A., of Oriel College, has been
presented to the Rectory of Hadsor, Worcestershire, vacant
by the death of the Rev. R. H. Amphlett ; patron, J. H.
Catton, Esq.