The Liverpool Standard and General Commercial Advertiser. — 1849-12-18 (Liverpool, Merseyside, England)

THE SHAREHOLDERS IN THE YORK AND NORTH MIDLAND RAILWAY.  BROTHER Vicruts,—How is it that we are not stirring ourselves to avert our final destruction, to come before ua on the 21st, if the Committee of Investigation are allowed to carry their plan for the settlement of the preference shares. " Four and a half per cent. for ever on £lO, and £5 per cent. on .£l5 !" Were ever terms more monstrous heard of?—proposed, too, at a time when we are alI suffering from the bad bargains of days gone by. Pray, let us rouse ourselves, arndtomraak and nbdettceormtmerimttes et!manndthseeesei or bundle Ott both djee more sensible managers. We had far better call up tee preference shares at once, which we have an undoubted right to do, than submit to be shorn as is proposed. See the ruinous prices to which our shares are driven. There is no doubt that, by a proper settlement of this preference question and economical management, three per cent. m'ght be paid to the original shareholders ; and yet our £5O shares are quoted in Saturday's London list 164 17This,in comparison with otherlines in even a worse position than ours, shows the injury that we have sustained from our indolence in not looking after our property. In the same list may be seen quoted Aberdeens 12 to 13. There is no prospect here of a dividend for the ordinary shareholders.  Caledonians 111 4. The receipts must increase over £2,000 per week before their preference and guarantee can be met.  Easterns ia S, equal to 181 for our shares. When the Great Northern is opened, there will be no dividend oa thin line for the non-guaranteed shareholders. Bieightons 80, paying £2 IBs. per cent., and a coral peting line to Hastings in progress. A pleasure line, too. liable to be bereft of its traffic b} the whim of an hour• Surely, our shares should bear a market value equal, at least, to these.  Bfackwalls, 3 to 4 (Xll 6s. 3d. shares.) Holyheads 9.1 to NI.  In neither of these are the working expenses more that► met; and yet see the prices they sustain. The sale of Mr. Crayshaw's shares has unduly depressed us this week' but let us be more zealous in looking after our own interests, and the first step we take will cause our properl to advance; and, once establish efficient management► this, with the opening of the Great Northern branch in March, will soon put us into at least as good a positioo as Brightons. _  I am, Gentlemen, Yours obediently, A VICTIM•  Liverpool, December 17, 1849  In the Vice-Chancellor's Court, on Saturday, the affair° of the Liverpool Union Crown Glass Company were ordered to be wound up. At York Assizes, on Friday, a man, named Benjamin Heald, was acquitted, on the ground of insanity, of the murder of his two nephews, aged five and three yearr. On Saturday, the Vice- Chancellorgranted an injunctigal at the instance of Mr. Brittain, to restrain the Chesil Junction Railway from taking a part of the plaintiff's 10 at boole, Cheshire, without taking the whole. The amount of unemployed notes in the Bank of Enc.' land is now considerably more than £12,000,000, whic has no precedent in the history of the bank. When Or low value of money is taken into account, and the linci mules which in all past circumstances of a similar !on,. was given to a variety of undertakings, we think It impossible to draw any other conclusion than that a ?Pi' portion of our internal industry is in a state of inactivity In other words, that,- notwithstanding the low terms upon ; which money can be obtained, there is but little inelli_fe, ,k ment to invest it, because there is no reasonable prosPof obtaining a remunerating return.