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raphic signals and auxiliaries. Those signals have to be raised and lowered 10,000 times in the twenty-four hours. There are on our line 1700 pairs of points, which have to be opened and shut, to be cleaned, oiled, and attended to, above 5000 times in the day. In addition to all this there are the operations of shunting, carriage-examining, greasing, and other things in connexion with trains which involve operations amounting to nearly 6000 in number. So that-- apart from repairs to the line and to vehicles--there are above 30,000 individual operations which have to be performed every twenty-four hours in the conduct of this enormous passenger traffic. "All this information I have obtained from our able and excellent passenger-superintendent, than whom there is not a more important officer in the Company's service, unless, indeed," (here the chairman turned with a smile and a slight bow to the gentlemen who sat on his right hand) "I may except the general manager and secretary. "Well, now, gentlemen, I put it to you, is it surprising that the 6000 men who have to perform these 30,000 operations in the day--amounting to the vast total of ten millions of operations in the year--is it surprising, I say, that these 6000 men should now and then fall into some error of judgment, or make some mistake, or even be guilty of some negligence? Is it not, on the contrary, most surprising that accidents are not far more numerous; and does it not seem almost miraculous that where duties are so severe, the demands made by the public so great-- speed, punctuality, numberless trains by day and night--there should be only one accident to report this half-year, while last half-year there were no accidents at all? And does it not seem hard that the public should insist that we shall be absolutely infallible, and, when the slightest mistake occurs, should haul us into court and punish us with demands for compensation for accidents which no human ingenuity or foresight could prevent? "Before leaving this subject allow me to direct your attention to the fogs which occurred this half-year. There were thirty days in which during a part, if not the whole, of the twenty-four hours we had out our fog-signal men; that is to say, an additional staff of 300 men, each with his flag and detonating signals, placed within sight, or within sound of one another, to assist the ordinary signalmen in the safe conduct of the traffic. During these f
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