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Northern Star (1837-1852), 16th August 1845, Edition 4 of 4, Page 4, THE NORTHERN STAfl. August 16, 1845/ A ¦...

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    • COLOSSEUM
    • THE KOKTHEM STAR SATURDAY, AUGUST Ifi, 1«5.
    • Co &ea&en> & C-orr^oniDtnt
  • Adverts (10)
  • Text (7)
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      The Northern Stafl. August 16, 1845/ A ¦...

      THE _NORTHERN _STAfl . August 16 , 1845 / A ¦" .. _ ¦ : ¦ ¦ "¦ * _-. ¦ : ¦ - ¦ . : - ¦ _- ' ¦ - - ¦¦ ¦¦ ' .. _ . _ . _, — _,. — _¦ ¦¦ . .-. . i ¦ * - i-..- _» . _« -i ™ — .. ¦» i _. i . _iui-ii _. ' ¦ ' ¦ ' — ¦ ¦ — " _^ w ...- _^ -.

      Colosseum

      COLOSSEUM

      Ad00409

      PATRONI SED and visited 1 * _h" Most G _^ _ious MAJESTY and his Royal Highnes . Pnnce _ATTtt-nT OP £ \ DAILY from Ten till Six . _lro-^ xlShyZ _\ l £ and confirmed by ev < r _, Visitor to be the most perfect triumph of Art in Us various _± L _t . _2 Z , h bv Dav and Sight , that has ever heen S _^ _'X-I _^ e » LL Th e Glyptotl . ee ,, _£ _lns works of the Brst artists ; JWont Blanc mZ _ifonntain Torrents , Supeib Conservatories , Gothic kvUry Classic Kuins and Fountains , Panorama of london , re-painted by Mr . F- * rris , ic _Admittance , » s . Children , half-price . The Stalactite Caverns , the most -magnificent of all the temple * which nature has fciilt f 0 r herself in the regions of night , Is . extra _.

      Ad00410

      IIARE . OS SPINAL DISEASE . THIS day fc published , price 2 s . Cd ., CASES and OBSERVATIONS illustrative of the beneficial results which may beotlainedhy close attention aud perseverance in some of tlie most chronic and unpromising instances of spinal deformity ; with eighteen engravings on wood _, ily Samoel rfAEC M . R . C . S . London : John Churchill , Princes-street ; and maybe liad of all booksellers .

      Ad00411

      TO THE WORKING CLASSES . IMPORTANT TESTIMONIAL . _ITe are always gratified in noticing the laudable exertions of the industrious and provident among our fellty « 4 abo'ivrts iu the social vineyard , to avert from themselves and families , as far as human foresightmay do , the calamities attendant upon an old age of destitution _, or a j * = rio < l of wearisome inactivity and uselessness , through sickness or accident ; and we will venture to say , that up to tlie extreme limit of what is called the middle class of society , there is no method so likely to attain the object as the institution of securely based and judiciously regulated Benefit Societies . Our attention was some time since called to the subject by the proceedings of one accordant with our views , enrolled

      Ad00412

      CHEAPEST PERIODICAL _^ IN THE WORLD . THE WELCOME GUEST OF EVERY HOME . rpHE FA 3 HLY HERALD is not only the cheapest but -I . the most amusing literary miscellany ever published . It consists of interesting Tales ; extraordinary _Adven-Trentares ; wonderful narratives ; temarVabh _* . Events * , moral , familiar , and historical Essays ; select Poetry ; instructive Biographies ; comic Sketches ; amusing Allegories ; the wisest Sayings of the wisest Men ; important Facta ; useful Adrice for Self-improvement ; salutary Cautions ; scientific Discoveries ; New Inventions ; Hints to Housekeepers ; practical _Htcipes ; diverting Sports and Pastimes ; ingenious Puzzles and Riddles ; facetious Sayings ; Iinmorons Jokes , Ac , affording agreeable and "harmless recreation for « U the member * of a family . Wisdom ana cheerfulness , mirth and propriety , are here pleasingly blended together in a manner never hitherto attempted ; * nd , while morality is inculcated with the attractive ease of familiar conversation with an old friend , useful lessons are taught without the aid cither of austerity or a stern countenance .

      Ad00413

      THE variable state ofthe WEATnER has produced the numerous cases of low fever and debility exiiting at present , and is a sure indication of habitual cos tire-Bess caused generaUy by want of care in attending to the state of the digestive -visceral organs . The only real remedy in such cases is LORD _ELDON'S APERIENT PILLS , which have been the means of positive cure to many thousands ; they are peculiarly adapted for persons of both sexes who are of sedentaiy habits , they are _patronised by the nobility and gentry , andara the mildest and most efficacious medicine extant . Sold in boxes at Is . 3 Jd ., 2 s . 9 d ., and 4 s . 6 d ., by Messrs . Barclayi-. nd Co ., 95 , _Farxiigaon-street ; Sutton and Co ., 10 , Bow Church-yard ; JNewbury , 45 , and Edwards , 65 , St . Paul ' s ; Sanger , 150 , Oxford-street ; and by all _respectableDrugeists and _Medi-*& ne Tenders in the kingdom ; and wholesale at 13 , Great Si . Thomas Apostle , London . TESTIMONIAL TO LORD XLDOS _' _s HLLS .

      Ad00414

      _LESSONS IN MILLINERY AND _-BRESSMAKING . MADAME _SALLIOS , [ ii , New _Bond-streot , continues her superior method of teaching tlie art of Dress-MaViug . _Sheimdv-tUhas to _inaVe persons _^ if the smallest capacity proficient in Cutting , Fitting , and Executing , iu the most finished style , in Six _Lossous , for One Pound . Her superior method can be fully substantiated by referer . ces to pupils , and has never been equalled by any _tompetitor . *< _T Practice hours from eleven till four .

      Ad00415

      SHREWSBURY , WOLVERHAMPTON , DUDLEY , AND BIRMINGHAM RAILWAY ' . NOTICE IS HEREBY GIVEN , to the holders of OLD SCRIP CERTIFICATES , that , on and after the 00 th instant , such numbers of Old Scrip as shall not have been exchanged , will be reissued pro vota to those parties who have signed the new Parliamentary Contract and Subscribers' Agreement , and the holders of such Scrip Certificates may have tbe whole of the deposit , which has been paid thereon , returned to them , bnt cannot after the

      Ad00416

      TUE HISTORY OF THE CONSULATE AND EMPIRE OF FRANCE . NOW _TUULISniNG , In Weekly Numbers , price Id ., and iu Parts , price Cd ., THE niSTORY OF THE CONSULATE AND EMPIRE OF FRASCB , under Napoleon , by M . Thiers , Author of the "History ofthe French _Rarolution , " late President of the Council , and Member of the Chamber of Deputies . Co . _VDiTloxs . "—The work will ho neatly printed in two columns , royal octavo , from a new and beautiful type , and on fine paper . Also _aniform with the above , in Weekly Numbers , price 2 d ., and in Monthly Farts , price 8 _.-1 ., " THE PEOPLE'S EDITION OF THIERS' HISTORY OF THE FRENCH KBVOI . UTION , " forming together four handsome

      Ad00417

      JUST PUBLISHED , In one volume , foolscap 8 vo ., neat cloth , price 7 s . 6 d ., THE PUHGATORY OF SUICIDES A Prison Rhyme : in Ten Book 6 : BY THOMAS COOPER HIE CHARTIST 7 . J . How , Publisher , 132 , Fleet-street . £ _&¦ Orders from the Country to be sent tlirough the Booksellers .

      Ad00418

      CO-OPERATIVE LAND SOCIETY . I hereby direct that all monies payable to me , as treasurer to the Chartist Co-operative Land Fund , must he transmitted as follows : _—Eithorby Banfcorder or Post-office order , to the "care of Feargus O'Connor , Esq ., 310 Strand , London ; " andpai / aoleto me , " W . P . Roberts . " That is , that my signature shall be required to each order . This direction is plain . For instance / say that Edward Hobson , of Ashton , has £ 10 to transmit ; he is to transmit the same to Mr . O'Connor , by Bauk letter or Post-office order , made payable to W . _JP . Roberts . That order I can sign when I go to London , or when a parcel of them arc sent to me . The two only things required to secure the triumph of Labour ' s battle are , anion among the woricin-r classes , nnd _underrating

      The Kokthem Star Saturday, August Ifi, 1«5.

      THE _KOKTHEM STAR _SATURDAY , AUGUST Ifi , 1 « 5 .

      "Pamc" In The "Share Market." "Repudiati...

      "PAMC" IN THE "SHARE MARKET . " "REPUDIATION" " _iS ' BSGLASDl Os several recent occasions we have deemed it a duty to warn those who read the Northern Star , o _^ the iad reverses that were certain to follow on the mad speculations so rashly engaged in by those who felt no scruple at obtaining " wealth" by means as discreditable , as nefarious , and as immoral , as those

      of the hazard and card - " players" of the " plucking hells" of the West End : the facts we are now about to adduce will show the public how far sueh warnings were -warranted , and what reason there is to apprehend a state of things in the " money" and " manu . facturing markets , "—when the reverse now experienced in Leeds becomes general , —compared with whieh the most of former " pakics" have been slight indeed .

      On one of the occasions to whicli we allude , we set forth thc fact that the gambling mama in Railway Shares was far wider spread than any mania of a similar character which had formerly obtained amongst us . We showed that it had pervaded nearly the whole of the trading classes , instead of being confined , as once was wont , to the frequenters ofthe Hell-spawned "Exchange" of London . Wc showed also , thatit had particularly manifested itself in the towns of the North ; and tbat Leeds was the most infected of all . _Thiswasihe case at the time we then wrote : andthe course of events havo since shown

      the statement to be more applicable than ever . The mama spread in that town most alarmingly . Hundreds were "drawn in" to the vortex , that but a few months ago wonld have shrunk aghast at the bare idea of engaging in such dishonest practices . The " force of example" in evil was hardly ever more forcibly manifest . Men who knew—who felt , that it was wrong to gamble—wrong to _trt to obtain iheir _xeiohbock ' s meass WITHOUT AN EQUIVALENT—wrong to risk the livelihood ] of their own families on a mere chance ; men who knew and felt all this , were induced to do violence

      to their feelings—to sacrifice the principles they held—and to engage in the gambling transactions of the hour with all the zeal that usually attends recent and sudden conversion . These , in their turn , set the example toothers ; until , at last , the ordinary businessof the town was threatened with serious interruption from the sheer inability of the shopkeepers to attend to it , and watch , with the requisite eagerness and closeness , the proceedings " on ' change . " Itwas no unusual thing for travellers , when seeking orders , to find the

      tradesman so deeply engaged in conning over the last-published share list , or in consulting "his book , "—for in the share-market " a hook" is _asindispensable as it is to the black-leg on the tutf _^ -as to be unable to "honour him with commands _^ " and not nnfrequently did customers themseW » B meet with similar treatment . But it was not to ; t { ie tradesmen alone that these practices were confine _^ . Shopboys , butchers' lads , minors ' , apprentices ; iho _? _e-. _^ o were not possessed ofa single sixpence of tlieir . o _^ n , nor any prospects from their friends , have _beeo-asdcet-Jr

      "Pamc" In The "Share Market." "Repudiati...

      engaged in the " play" as some of the " weighty ones . " It has been _« ao unusual thing for a mero youth to " buy" and " sell" hundreds of shares a-< J » y , and thej butcher-lads ofthe town of Leeds have actually , by a course of systematiscd " operations , " enhanced and lowered at will the value of millions of " properly ! " The extent of the entire " operations " was such , as to call for the efforts of the magistracy to clear ' the street * forthe ordinary traffic ofthe town ! There are no less than mum Exclumgcs" in Leeds ; These abut on the respective streets wherein they are situate ; and the infernal jargon that obtains during

      tbe hours of business can be heard most distinctly by thc passers by . Those , therefore , of the traffickers who were too poor or too penurious to employ " sbare-: brokc-rs , " _assembled near to these places of traffic , and governed tlieir ' raw independent transactions by what they heard going on inside . This course of conduct , and the conscquentexcitemcnt , caused such crowds to daily . assemble , that thestreets became impassable ; and the Mayor of the town bad to issue a * "warning-notice , " and thc police had to be employed in making the gamblers " move on : an occupation ,

      by-the-bye , far more _sensib . e and praiseworthy _thannine-tenths of -those they usually engage in . Had they been employed in extirpating the entire practice of "share-dealing * ' from theland , it would havo better become -their " lords" and " masters" than the attempts they instigated for the prevention of thimble-rigging at Epsom ; and much likelier to destroy and uproot the wicked and destructive vice Of gaming , than the fining of a poor insignificant beerhouse-keeper for permitting a game at cards or "dominoes" in his house ! A _yood notion of the extent of the " book transactions" at Leeds mav be

      gathered from the following extract from the Leeds Mercury , who in his last number says : _—* ¦'¦ It is not an uncommon thing for 100 , 000 railway shares to he sold iu one day in the sharemarkets at Leeds . The state lotteries of other time * -, and the gambling houses of the metropolis , are and were mere bagatelles for " the spirit of adventure , " comjjur ' ed J with " ¦ the rail way share exchanges . The shares thus " sold" are some of tliem of £ 100 each ; few less than £ 50 " : but taking tho whole at £ 50 each , here is GAMBLING engaged in by

      hundreds and by thousands ; the '¦ stakes daily being £ 5 , 000 , 000 of money !!! The Mercury may indeed well say that all former " play" was mere bagatelle compared with this ! To use his own language on a former occasion : — " The scientific game of Whist is falling rapidly into disuse , both ladies and gentlemen who were accustomed to indulge in this amusement , preferring decidedly the excitement of the share market to that of the card-room . This is all -very well in a _rising market ; but under a change of circumstances it may end hot only in' Beggar my neighbour , ' but in ' Beggar myself . '"

      As might naturally lie expected , all this contributed to engender a spirit ofthe most dariiig recklessness . Apprehension _ofconsequeneesnever oncecrossed the mind—or , if so , was instantly dismissed , and tlie parties set to work , as though vieing with each other as to whicli could do the most to hasten tub _je . yd that should end themselves . It was not tangible " shares " that they alone gambled in : shares of companies and lines already in existence : but thc moment that any sort of a . scheme \ vas named—hksly or unlikely— . it home or abroad—at it they went like madmen , gambling for and in the already unallotted shares . A dealer would sell a certain number of the said

      shares , to he delivered wiWn a certain _ftwie—trusting to _cuasce to be able to buy them for such delivery before such time expired ; and trusting also to ch asce in the price at which he could so buy , for his profit or loss on the transaction . It mattered not that these—and all traffic in _Joint-Stoek-Coriipanies ' shares , unless such companies hare . received the legislative sanction of Parliament is grossly illegal , and subjects the trafficer to £ 10 penalty for each transaction ; it mattered not that such warnings as the following were issued * . — , 7 ,. ; , 7 V : J :, ' , , 7 ;

      " If you will turn to the 7 ih and 8 th of Victoria , c . 110 , being an Act for the Registration ; : Incorporation ,-and _^ Regulation of Joint-stock Companies ; -you will find that by section 23 of the net on the provisional - registration' of awj company , it is theVeby _dei-laTed to . 'be lawful forthe promoters of such company ,-atnongst _^ _otlier ' . things / to allot shares and to receive _depositB ; thereon ; as - therein mentioned : hy section 25 ofthe same act ; on the cohfixtk BEcisTBATiosof any company , it is thereby declared to he lawful , amongst other things , to issue certificates of shares : by the following section of the act , it is , amongst other things , declared that until such ' joint-stecfc ¦ « oi « pauij

      shall have obtained a certificate of COMPLE TE ItEQ ISTil ATION , ami until-any subscriber sliall be DULY REGISTERED as a shareholder in the _registry-officeoftht company , it shall not be lawful for sueh person to dispose by sale or mortgage of aiiy share , under a forfeiture of £ 10 , as therein mentioned ; and for the better protecting purchasers , itis thereby declared to be the duty of the directors oft he company by whom eortifieatcs of shares are issued , to state on every such certificate the date of the first complete registration ofthe company ; and that if any such director or officer make a false statement iu that respect ; then he should be liable to the pains and penalties of a misdemeanour ; " 5 *

      it mattered not that the abovc important provisions were enacted to put an end to tbe gambling in scripshares , which has always been attended with the most serious consequences—encouraging fraud , and effecting the ruin of the unwary and ignorant ; 'it mattered not that no person can safely deal in railway shares , till after the Act of Parliament is obtained , because , till then , there can be no _coJirasiE registiutio . v ; it mattered not that no contract for the salc _. of mere scrip-shares can be enforced : it mattered not all these things : the spirit of GAMBLING was on this people . They gambled in legitimate shares and in illegitimate ones : and the _consequences have been those we are about to detail .

      While Yorksliirehas thus been torn to pieces with the Hiadspeculationsofthcgeneralsharedealcrs , ithasalso had most severe and costly bones of contention in thc shape of rival schemes of new railways in the county Hself—particularly the western portion . Many of the towns in the west were totally devoid of railway communication ; and othors of them that were within a mile or two of the Manchester and Leeds line , were so hampered up with the inferior and illiberal arrangements of that company as to ho littlo better off with the " accommodation . " This treatment roused a spirit of hostility to the " Manchester management ; _'' and a scheme of railways , embracing and connecting most of the towns iu the West Riding , was announced , the company proposing to call themselves "the West Yorkshire . " In addition to this

      there were also schemes of Railway communication between Huddersfield and Manchester—and Leeds , Dewsbury , and Cooper-bridge : the two latter schemes forming a new , continuous , and direct line to Manchester , and coming into direct competition with the existing Manchester and Leeds line . It is neet ' . less to say that all these schemes -were oppescd by the latter company . It was manifestl y their interest to oppos 8 . They started a rival scheme , called " the West Riding Junction ; " the management ofwhichwas in effect to be in their own hands , and the new lines made tributary to the present _existing line . The

      Board of Trade reported in favour of the West Riding Junction scheme , and against the West Yorkshire . This caused the shares to rise to a high premium in the market , and reduced the West Yorkshires . When the parties came before Parliament , however , the Huddersfield and Ashton , and the Dewsbury and Leeds , succeeded in carrying the day , in despite of the most costly opposition of the Manchester and Leeds . The success of these two projects , so directly against the Manchester management , caused a reaction in favour of the West Yorkshire project , though the two lines which had succeeded were not portions of that scheme . Many parties therefore

      risked their "all" in the purchase of West Yorkshire shares . When the two immediately opposing schemes came before the Committee of the House of Commons , —the West Yorkshire and the West Riding Junction , —the fatter"" bore away the bell , " and the preamble of the _Yorkshire was declared to be "not proven . " The consequence was that the shares went down most alarmingly—aad many parties were totally mined . We gave . an _Instance , when last writing on this subject , of a _paitty-vife ) lost £ 8000 at " one fell swoop" by thatdecision . ft « _ss now again the turn of the West Riding _Jnnctfa _ffcires to " go ii f-for til ? bill seemed to be _wme ,. It _j _^ sed the

      "Pamc" In The "Share Market." "Repudiati...

      ' Coniin ' ohs- _^ _-and got into the Lords . Thc Lords ' Committee , however , heard the evidence of the promoters of : the . West Yorkshire scheme against the West Riding Junction scheme ; and they threw , out the bill which , had been sent up irom the lower house , on the ground that it did not provide the best scheme of Railway communication for the district that could be devised .: This decision was unexpected—arid "played thc very deuco" in the Share Market . The holders of Wist Riding Junctions now suffered , Thc losses of somo of them

      were immense . Some members of the Town Council of Leeds were "in" fora good number of thousands . But this decision placed both the rival schemes on an equality—equally defeated . They wcrchot _. 'it is true , in the same ' , position as at first _-, for both had spent . ihe " deposits" in thc Parliamentary ' contest . Still this did not damp the ardour of the _spccnlatois . ' At it they again went—selling and _buying share against share ,- and " forcing up" and then ,. " depressing" the price of first one and then the ' other .

      But while this last process was geing on , another party appeared in thelield to contest the prize . The gentry of . Huddersfield , elated with tho signal success that had attended all their schemes , and taking advantage of the . Lords' 7 reason for , rejecting the West . Riding Junction Bill , formed another projec t of lines to connect the ' . towns ' which ' were so desperately fought'for by the West Riding Junction and the West Yorkshire companies . This third scheme was called "tlie _Iliuldcrsficld , Halifax , and Bradford Union . " The announcement of the projected

      company was made—and applications for shares asked for . _' ii * usu « _£ ,. the applications poured in on all sides .-- The shares are not even " ALLOTTED" YET" . but this did not prevent an active " traffic" in tliem . Parties speculated on the chance of their applications being successful ; and they " sold" the shares atapremium , as though they had been in actual possession , engaging to deliver them at the price agreed on within a certain time . In this manner some eighty thousand of these shares have been " sold "—though it was only proposed to issue fifteen thousand at the first !!!

      7 ' , During the course of this reckless gambling , circumstances were transpiring calculated to produce a woeful" change in the spirit of . tho whole dream . " Thc parties to the two rival schemes that had been before Parliament , knew something of the cost of contests there ; and they therefore made overtures to each other , and ultimately effected an ciina £ ga » iation on certain conditions . This step had a considerable effect on the shares of both companies , who now became one ; for they went up front £ 7 premium to £ 15 . The amalgamation was agreed to oh Friday , August 1 st . After that date , therefore , there were only in the field the two united companies and the

      _Iluihlersfield , Halifax , and Br ; idford Union . As itwas deemed unlikely that tlie latter would succeed against the Manchester and Leeds , now united with the West Yorkshire promoters , the shares were "beared , " as the cant phrase is—or sold to an immense extent . The price at whicli they were sold was about 30 s . ; and the engagements were to deliver , them at a certain time . On Monday week , however , a meeting was held in Manchester , at which it was determined to admit the Huddersfield , Halifax , and Bradford

      Union into the amalgamated West Riding Junction and West Yorkshire Companies ; thus making one united company of the three opposing ones , to seek for the formation of thc best portions of the pro jeeted lines of each . The news of this junction came like a thunderbolt on the Leeds speculators . The shares which they had sold so readily , and which others had as readily bought , rose in price . _Tlu-y sprung up from 303 . to £ 10 , £ 12 . and even £ 15 . The eject of this will belearned from the following , which we extract from the Times of Thursdav * . —

      Through _paragraphs ' , in , the Times ' and other journals , it has long been Uiiown ttiat in no town in tlie kingdom was the ma ' iiui of speculation in railway projects so virulent as in heeds .,: IVi thin the present year no fewer . ' than three ' . companies , of associated sliarcbrukers , each . ' companydaily publishing its owti listof sales aiid [ prices , have started into _existencejiiunihcringfroin _/ lOO to . 120 . persons , and , sueh was the . amount , of . business ; done , that it wan confidently stated that sonic of tliem were making from £ 5000 to _i'COOO . a-jrear . each .: ' -- In spite-of Hie

      -illegality of tlie _trauactions , too , much business was done in projects ' : antecedent to tlie issuing of thc scrip . Men of capital aud men of straw—men of respectability and men of none— -meu of integrity and men disvoid of pvincipkhave almost equally engaged in buying and selling , immediately , and prospectively ,- railway - shaves ; and , sncli has beeu the fever ami excitement kept up for months in the town by the railway . bitl !» and -bears ,.-that reckless speculation seemed to threaten with destruction much ol the legitimate business of the town . - ¦

      There is aii old proverb whieh says "Every dog hath his day ; " and itappears that railway speculation hath had its day in Leeds . The day hath gone , and the night hath come . ; . A -dark . cloud , hath overshadowed the 'Change ; and whispers—deep , audible , and unmistakable—of " repudiation" and "compromise" have become the order of the day . The following accounts of the crisis is given in the Leeds Mercury of Saturday last " : — " T he totally _unexpected _amtilgsimatior . of the Huddersfield , Halifax , and Uradford Onion Hallway with the Manchester and Leeds Railway Company , has had the most extraordinary and unhappy effeet ou great numbers of speculators in shares in this and the neighbouring

      towns . According to the iatal system which prevails so extensively of persons selling shares without possessing them , on the speculation of being able to buy them at a lower price beforo the time comes for their delivery , a vast number of these shaves _had-becn sold in the market , —no less , it is said , than 80 , 000 ! The number of shares originally announced in the prospectus of this railway was only 15 , 000 , and the number wliich the committee have actually to allot , according to the agreement ivitb the Manchester and Leeds , is only 7 , 300 . As soon as the arrangemsnt with the latter company was known , the

      shares sprung up fromSOs . to £ 10 , £ 12 , and even £ 15 , — partly owing to the real value of thc shares as stock of the Manchester and Leeds Company , and partly from the rush iuto the market of those who had previously sold shares , to obtain them fur delivery . The consequence has been , the _absoluteinability of thosewholiad previousiy sold on speculation to fulfil their ' bargains ; and this inability is all but universal both among brokers and their clients . Under these extraordinary circumstances , tlie members of the Leeds Stock-Exchange met on Thursday , and adopted the following resolutions : —

      '" That no buyer of shares in any projected railway where the scrip was not issued at the date of the contract , shall bo allowed to buy in sueh shares against the seller , but that the members of the Exchaiife be required to do their utmost to _efteot a just and amicable arrangement with each other of any contracts for such shares in which they may have been engaged , and be bound to abide by the decision of the committee of management as to the mode of such arrangement . "' That no dealings be hereafter permitted in shares of which the scrip is not issued / with the exceptions of such transactions as may be entered into with the express view of promoting the settlement of transactions now open . '

      " We surely need not say what a fatal lesson is here given to the public against the practice of gambling in shares . The second resolution passed by the Leeds Stock Exchange _. if generally acted upon , would palliate the evil - , but the only effectual cure is to be found in abandoning the practice of jobbing . The purchase of shares for investment is most legitimate ; but experience shows that jobbing in shaves is exceedingly dangerous , and must be ruinous to many , as well as interfere most perniciously with regular industry . "

      The rule " on 'Change" is , that when a seller neglects to deliver the shares he may have sold at the time specified , thc buyer is at liberty to buy them in thc market at the then price , and charge thc neglecting seller with the difference . As before stated , eighty thousand shares in this particular line have been sold at 30 s . They are now at £ 15 !! The seller at 30 a ., to be honest ; to fulfil his engagements , must purchase shares at £ 15 , aud hand them over to the party he originally sold to , for 30 s , ; losing £ 13103 . on each share \ This nine-tenths of them cannot do ! They have not the means ; and if they bad , the bave fact of such a number having to bo purchased would about double the price again , seeing that

      tliere arc but 7 , 500 shares to allot ! To keep faith therefore IS CERTAIN RUIN to scores ! As . honest and honourable men , they are hound to part with the last farthing they have : but THEV ARE ( U 1 MLKRSand they naturally look for the thorough gambler ' s resort , when fortune frowns . They talk of Repudiating ! They have no objection to pocket the profits of gambling ; they sec no impropriety in becoming possessed of thousands of other people ' s money , _xrithoutgiving an equivalent for it ; tliey haveno qualmso ? conscience against " fobbing the . winnings : " but to part with the "losings" is quite another tiling' They _to doubt the LEGALITY of the transaction Not a ; wordabout ¦ honour ~ ov honesty ! _flll about

      "Pamc" In The "Share Market." "Repudiati...

      legality . " It is not 'legal to buy and sell such shares . " Just so :: but why did-you not say this when you were gaining I [/ The truth is , the infernal system has eatenI > outr . your .-souls . Ton have no principle ot _hoiiour left . ; You are GAMBLERS—thorough and essentially GAMBLERS : and as such you arc oblivious _toiill tlie . feelings and ties that bind honourablt-and honest men together . The bare fact , that you seek to get money -by such means shows you to be conscienceless . You are seeking to cct what you have

      not worked _foiynor given an equivalent for . All you get must -necessarily come out of the pockets of somebody else . In all likelihood it is the price of ruin : what of that' —have you not got the money ? What matters it that a wile and family should be plunged in misery—steepedto thc ears in poverty—have you not got what _iu _« s theirs ? To talk of honour in connection with such a system is to insult common sense . It is of infernal origin ; it is infernal in practice ; and it can onlv lead to infernal results ,

      But about this Repudiation , It is true that such a course is openly advocated , and likely to be adopted The Leeds Mercury of Saturday says : — In the , Leeds Association of Sharebnikers , we under stand that it has been determined to repudiate altogether the bargains in this railway , on ( lie alleged ground that the committee have not _fultiUwl Uic expectations held out in tlieir prospectus as to the number of shares to be allotted to tlie public . All bargains in shares _ivheru the scrip has not been issued being illegal / payment cannot be enforced by law ; but we need not say what the effect of the repudiation must be Oil thc parties , ' Anent this same purpose of Repudiation , the Timet of Thursday has tho following : —

      To show the feeling of the gamblers—for that is the proper term lor tliese recusant speculators—wc need but give copies of tlte following placards , which were extensively posted in _Jjeeds on last Tuesday morning : — " Caution , —All parties who have sold shares in the Huddersfield , Halifax , and Bradford Union _Ralway Couipany are earnestly recommended to repudiute the bargains they have made , which they aire fully justified in doing , owing to the altered circumstances of the company , the constitution of wliich has been completely changed before the allotment of the shares . —August 12 , Utta . " :- "' - '¦ ¦¦'

      " _ItAitwAT Tsjostice . —In lhe prospectus of the Huddersfield , Halifax , and Bradford Union _llaihray Company , issued some weeks ago , the public were invited to send in their applications for shares which would be allotted so them on payment of a deposit of £ 12 s . per share . It is notorious tliat parties immediately ' connected with this line have brought shares to an extent far ubove the number actually existing ; aiid when by an arrangement with the Manchester and Leeds , Huddersfield and Sheffield , and other lines , they have raised the price in tho various markets to a premium of £ 15 , they coolly turn round upon tlie public . nnd say , 'All the shares in ibis company are . to be given to the proprietors in the companies with whom wehave amalgamated . ' .

      • 'Shares , to the extent of £ 80 , 000 have been actually sold in the heeds market alone , at a low premium of about SOs ., and so _fi-ightful are tlie consequences anticipated by the stockbrokers , that the committee of thc Stock-Exchange considered it necessary to frame a resolution to the effect that no bargains should be recognised in shares uf any company not previously allotted . This resolution not being _introspective , does not affect the crying injustice of the present case ; and tho extent of ruin to . all parties in tnis atl ' uirisso alarming that it is expected a resolution ' will be come to , to lis a price at which the shares are to be bought in .

      " This , if done , will only partially remedy the evil , and by no means meet the injustice of the case , which can be looked upon in no other li ght than a gross fraud upon the public . It is earnestly hoped that all parties will unite iu urgently requiring : tbat all bargains iu the stock shall be cancelled , for by uo olher means can total ruin be averted to many hundreds . " If injustice be admitted because the shares are at £ 15 premium , it is only a partial reduction of the robb _.-ry to fix a medium price of about £ 5 ; the transaction is either unjust and unfair , or it is uot , and if the former be admitted ( as no one cau for a moment deny ) tl . se only remedy will be for the committee to recommend that all die bargains shall be cancelled . "

      There is one assertion in the latter of these placards which we believe to be true : parties con * nected ' with the line _Aai-e bought shares to a considerable extent . The fact is , that certain parties * . _A-nets ofthe arrangements that were pending ; knew of the probability of amalgamation ; and , knowing this ; aiid knowing too , ' that the moment ; the fact was known , the shares would mount up in price , they most disinterestedly acted on the information thus possessed , aud bought , up all thatcame in their way ! Of course all this was fair ! - Who dare say to the contrary ? < Not thcowiiWiT . Itis hot for him to

      complain . But honest men would shrink from so acting or so conceiving . Contrast the conduct of the actors on information in this disgraceful ease , with the following instance of true integrity of soul evinced by Major _Cautwiugut under similar circumstances . See the PATRIOT rise superior to those low , sordid , base , mean , grovelling , dishonest , pick-pocket notions which influence the GAMBLER : and see iu his couduct something to admire , something to emulate , to the end of time ! Contrast the highsouled principle of the " Father of Radicalism" with those that actuate the frequenters of your "Stock Exchanges ; " those that tako every advantage , as

      the "pigeon pluckcr" of "the Heir *' docs when he " plays" with loaded dice : — When an express from Paris was brought to Mr . Wharton , thc American Minister in London , to negotiate the exchange of prisoners during the American war , Major Cartwright was in the room with that gentleman . As soon as . Mr . Wharton read the despatch , he put his back to the door , and said , " Now , Cartwright , you may make an immense fortune ; " on this he put the despatch into Major Cartwright ' s hands ; but did the latter take advantage of the information to go aud gamble in the funds ? Ko , he did not . Mr . Wharton told Major Cartwriht that

      g the information would not be in the possession of thi 3 Gorernmeut Cor _twenty-four hours , and he pointed out the way in which the . information ' might be turned to account by Major Cartwright . " But that excellent man refused to take advantage of it , because whatever he should gain _viusl be lost by somebody else . . Everybody knew that Major Car twright was not very rich ; but that was not the only sacrifice he made throughout for the sake of principle . There was another act of his , which every man who follows his doctrines ought to know : — His brother lost all Jus properly ina speculation ill machinery ; he relieved that brother from his embarrassments .

      Let the GAMBLERS look at the example her aiforded them , and scorn to take the advantages they now avail themselves of . Let the Repndiator also look , at tbe example afforded him , and blush that the thought of acting with flagrant perfidy has once crossed his mind . Thus thc blow is struck ! Terminate as the affair may—whether by thc ruin of hundreds in the maintenance of . their integrity , or in repudiation , or in compromise- *//* blow is struck ! Confidence in Leeds

      has received a shock ! If the parties involved submit to ruin-that ruin willnot satisfy the claims of the successful gamblers . If they repudiate-all the world will know who and ivhat they are—asd be VEBT head * to _Tia-sr _xiiem aoaix ! If they even compromise _, confidence cannot be restored to what it once was . The blow is struck at Leeds : how long will it be ere it extend over all the land ? IIow long will it be , ere we have all the interests in the state suffering from the effects of this mad speculation . These questions wc shall attempt to solve on another

      occasion : meantime wc conclude in the words of the Times : — " Sooner or later the day will come when an untold proportion of this year ' s scrip-holders will be doubly prcsscd-no longer able to suffer the sums tliey have already paid to remain buried in the earthworks of an unfinished line , inucft , lm to pay up ( lie quick recurring calls of the company . Avery trilling fall ofthe commercial thermometer will be sufficient to try the value of a hundred millions of promises . A drop from tever-hcat to blood-heat will shrink off paupers and pensioners , and nobodies and aliases and

      bankers' clerks and aged cornets on half-pay , and fifty other ephemerides of the market . A further descent to temperate heat will prove serious to _shopheepers investing in scri _}) the inadequate _coital of their trades TO ATTORNEYS PLATING AT PITCII-FARTIIIKG WITH _TuusT-MoxKi- , and to country clergymen sick of the monotonous Tliree per Cents . Thence to freezing point is a downfall almost too painful to contemp late , - much MORE THAT TO ZERO ANII UNDER , _w / uc / l ft W ould be positively inhuman to predict , did not recent experience assure us that EVEN THE WORST ¦ ¦

      MUST COME . " .. _- »« - . * The prospect is frightful ! b Since _thcToregoi _^ _is \ n lync _w Icarn thflt Repudiation IS DETERMINED ON . At aspecud meeting of lhe " respectable" ' portion of the sharebrokers composing A ' . i "Stock Exchange , " held on Monday last , the following resolution , INTENDED to havea retrospective effect , WM passed : —

      "Pamc" In The "Share Market." "Repudiati...

      That in the event of any important alterations or deviations bring made from the original prospectus of any newly-projected railway , ' previous to the allotment o ' f the shares , whereby the constitution of the company is materially changed , the _menibi-rs of this Exchange are of opinion , that contracts made on the faith of thu original prospectus , ought not to be enforced _. Honest men ! Honest men !!

      The Bone-Gnawing Atrocity. I.V Another P...

      THE BONE-GNAWING ATROCITY . I . v another place will be found the report of aii investigation into certain allegations made in * Parliament by Mi * . WiKLEr , relative to prat-ticca obtaining amongst thc poor in the Andover Union . It will be found also that those allegations have , to tlie eternal disgrace of this Government , been borne out few / act .-and ihat human beings , in this Christian England , are forced by law-produced poverty and _law-ailminislercd . " charity , " to turn cannibals ! On those facts wc dare not at present comment , but must content _oui-sclves with giving the following indignant reprobation of the particular transactions , and of the system that leads to tliem , from the Times of Thursday : —

      . Notwithstanding the horrors and atrocities to which the Poor Law has given birth , wc could not have believed it possible that even the measure we have named could have led to anything so utterly revolting as the facts stated in our paper of yesterday to have occurred in the union workhouse at Andover . A short time before the _pi-oi-egation of Parliament Mr . Wakley asked the Home Secreiary if ho had heard " that the paupers of a union in Hampshire were employed in crushing hones , and that while so employed tliey were engaged in quarrelling with each other lor the bones , in extracting marrow from them , and in gnawing olf the meat from tho extremities . " To this question Sir James Graham replied that he had heard nothing ofthe sort , and ho further

      went on to say , that "if thc facts alleged were true _,, he was quite satisfied that they " would have been represented to him . " " He could not . believe that such an abuse existed , for , in that case , he would have heard of it . " Here the matter might have ended , had not Mr . Wakley suggested to the Home Secretary that it was his duty to make inquiry into the subject ; and thisinquiry having been made , the statement of the lion _, member for Finsbury ; is not simply confirmed , but the facts are found to be even more horrible than he himself was at the time conscious of . Itappears , from the investigation which has taken place intothis truly shocking affair , that the paupers arc employed in crushing hones collected from various

      sources , including frequently the bones of hoisesas well as of other animals , aud " occasionall y" some from churchyards . Now , we admit that the supposition of human beings having been starved into such a state of brutal degradation that they could seek to satisfy the cravings of hunger from such a disgusting source is altogether past belief , and if we had not the evidence of the fact wo eould not have considered it possible . We have read of nothing in the accounts of sieges or shipwrecks , nor even in imaginative descriptions of the _woi-st horrors which these calamities entail , that can be compared with the dreadful truth that has just been brought to light at Andover . Though wc cannot help turning with loathing from the contemplation of an act so sickening as that to

      which the paupers have at this place been driven , wc must feel the greatest pity for the wretches whose very nature lias been thus brutalized by the system on whicli the Poor Law of this _eauntry is administered . They must have been ground down by hunger to » condition as low as that of the very dogs , for we have it in the words of the paupers themselves Jhat they arc " ready to fight over the bones , " and , " as soon asone sees a good bone which is unobserved by the rest , lie contrives to steal it away , " and hides * it till , _} ie gets an opportunity of ' gnawing it . Mr . Munday , oner ofthe guardians , and a _borough magistrate , to whoso energy ancl perseverance the inquiry that has been made is owing , sent for one of the bones that had been hidden in the way described , and found it to be

      in an offensive state , which our readers will understand without our disgusting thenv by tho use of plainer language . t We have lately had occasion to refer to the atrocities committed by the French in Algeria , but our neighbours may indeed retaliate upon us by pointing to the inhuman barbarities that our Poor Law practices . Although the atrocity of Pelissier was horrible enough , it may . ' well be said thai the destruction of life is not so great an injury as the degrading man literally to the level ofthe brute _,, which has been the result of the Poor Law at Amiover . It is incumbent en all who aro concerned for the honour of their country , to repudiate a system which must become a national disgrace when it leads to such facts as those we have been speaking of . What must the sufferings of these wretched persons have been before they were driven to an act

      for . which in no accounts of wars or famines , sieges or shipwrecks—facts or fiction , —in nothing which we have heard or read , have we ever met with a parallel ? Even the conduct of Pelissier has : had one precedent supplied by a countryman of his own ; but the reduction of human beings by starvation to such _, a degraded state that they have been ready to tight fov the bones ' of animals—some brought even from churchyavds * -is an offence ttiafc stands alone , and the Poor Law is the only law that . coulcl have given rise to it . The Andover case cannot rest whore it is , and though Sir James Graham omitted to make any allusion to the result of thc inquiry , which he must have known before Parliament was pvorogued , public opinion will pronounce itself on a matter respecting ¦ which the Home Secretary preferred _reinaimng silent . .

      Co &Ea&En&Gt; & C-Orr^Onidtnt

      Co _& ea & en > & _C-orr _^ _oniDtnt

      6. Cavill, Siievi'1e*Li>.—Such Rumours A...

      6 . Cavill , Siievi' 1 e _* li > . —Such rumours as he speaks uf aro utterly without foundation ; and wc trust lie will not be injured thereby . The reason why he did not receive his Stars in proper time lay entirely with us , . is was explained to him in a letter posted previous to our receiving his . To several other agents who have written us , we reply , that after using every possible exertion , ' we could not complete their orders in time , ftom-a defect in the machinery _. _Communications fob _tue York CnAMiSTS must bo addressed to George Jefferson , IVilson _' s-yard , Layertliorp , Yorlt . -

      Sailors' Unoscs _.- —The "CmJinsG" Ststem . —Mr . EDITOn , —Your paper , a few . weeks ago , contained an . article respecting the sailors and tlieir wrongs : allow mc now to say that one of the wrongs complained of has lately arrested the attention of the legislature , who hare passed a law to prevent crimping . As a number of your readers may not be aware what " criinping" is , it will uot be out of place to offer a few observations on the subject . A sailor , when out of employment , is like a fish out of water , ( strange fish , Jack ' . )—he know snot where to go , or what to do—he meets a Jew , or often a Gentile slopsellcr , who asks Jack docs he want a ship ? "Yes , " sayshe . "Thencome with mo and I will get you one . " The rascal takes Jack home , gives him a glass of whiskey , opium , and vitriol ' _iuxd very

      speedily Jack is asleep . Tho "crimp , " or slopsellcr , then runs off and . speaks to a captain in want ofa crew—be bargains to bring the men on board when he ( the master ) wants them . The Jew then gets as many promissory notes as the captain wants hands—these will be cashed to the amount of £ 2 5 s , or JS 210 ? , each note . If the sailor goes ia the ship , the Jew , or . " shipping master , " or " crimp , " its all the same , then gives Jack another dose of whiskey , opium , and vitriol , a shoddy jacket , manufactured on purpose out of 'devil ' s dust , a plug of contraband tobacco , an old pair of trousers , left by some poor sailor , who , when going away , co « W not find them ; and , thus supplied / poor Jack is sent oil to the ship . The " crimp" Keeps the advance note , and draws the wages of the sailor , threo days after

      he has sailed away , that is , one month's advance note . Another villauous system is , a number of would-be smart honest men , to all appearance " gentlemen , " keep what they term " shipping offices . " Thc more sober portion of the sailors go there to seek for employment , beeauso the shipmasters patronise these " crimps . " Jack applies : he is told yes- —told he can get employment with Captain So-and-so , but another sailor has promised to give him ( the crimp ) 10 $ . for the berth , but if he will give a pound he shallhaveil . The poor fellow , perhaps with a family of young children at home crying for bread , has to sell or pledge some article of furniture to satisfy the cupidity of tliis scoundrel . The act lately _passed is to prevent the fee being paid by the seamen toa " crimp" or other person ; tlio ice

      must he paid by thc captain or . owner of thc ship , and any master or owner of a ship going to any other than a licensed office shall pay £ 20 for every sailor so shipped ; and any office-keeper , licensed or not , known to accept 01- Charge , directly or indirectl y , any fee , shall be guilty of a misdemeanour under a penalty of fine and imprisonment . Thus , hy looking after their own rights , wo lind the sailors are beginning to be able to steer clear of their old "friends" in Itatcliffe-highway . Wc trust that the more sober part of the seamen will spend tlieir time and money _Itetter than in attending thc Cat and Fiddle , or being gulled by the "landlady ' s daughter , " who is generally a common prostitute . Jack never dreams of the rascality of the landsharks until he is actually done for . Let him live and learn . —Itespcctfully , J . Fildes .

      J . II . Jones , _Manciiesteb , —Thank * for " The Starspangled Banner . " The articles on , r Agricultural Chemistry , " published in the Star , arc not contained in a separate publication . The only way in wliich ' * friend could prove the death of his father in tho _Unites States , wouldbe by some one going over there , aa collecting the proofs . 7 C . J . —Not any particular width—but the use to whicli highways are put require that they be wide enoug h to accommodate the traffic over Ihem ; II . BALSiroRTn , Manchester . —Thanks for his packet . ¦ \ Ve _liitvo made use of some portion of it , and shall use the remainder next week . J . . 11 , _noTiiEiiBAii . —Wehave not the means of reference at hand to answer his , questions with certainty ., Jacob Tkust . —Letter _L next week , Can be let us have Uttcv Ii . by Thursday ? _. ; ' i

  • Citation
    • Northern Star (1837-1852), Aug. 16, 1845, page 4, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/ns/issues/ns4_16081845/page/4/