The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1860-02-14 00:00:00

GREAT SHIP COMPANY.

The adjourned meeting of this company wu held on
Tue•alay at the London Tavern, Mr. Campbell in the

chair.
The Chairman, in opening the prooredings, maid Mr.
Baker, the chairman of the Committee of Investigation,
would read the report of the committee.
Ur. Baker then read the report, which was to the I
effect that the committee had to lament that they hail
ho, t Captain Harrison • material witness, and bed
examined a great number of persons ; hut, front their I
want of power to obtain evident.* under the sanction of
legal process, and to tmoupel the attendance of witnesses,
the information they had 011trailIC.1 hail been so cmi-
dieting or rx pude they did not feel warranted in passing
• judgment which might either exonerate or 1113pliCALV
iU•iiVILIII/1116 o.lllllCattli with the management a their
affairs. At the smue time they had arrived at the con-
clusion th it the interests of the company required that
they ahould he intrusted to an entirely new Board. con-
of the Marquis of Stafford, Captain C. E.
Mangles, Mr. H. I'. "i.e.H Mr. Samuel Baker. the Hem
Captain Carnegie, R.N., Mr. J. Rodney Croskey, and
Ur. Daniel Gooch. The committee were of opinion that
Mr. Magmas, in his oppoxition to the contracts entered
Into with Mr. J. Scott Busmen, and in his application
for•an impury. was influenced by a conscientious desire
to forward the interests of the company. The commit-
tee recommended that the director% he autlionzed to
borrow .00,01.10, in addition to the moleys already owing
by the company ; that the nominal capital of the com-
pany be increased from trdo,ooo to I:430.000; and that
jun powers be vested in the Board to raise, by mort-
gage, debentures, preference shares, or otherwise, such
additional capital, if necessary. The Great Eastern lies
• in Soutliampton-water, requiring an estimated outlay of
not more than £.10,000 to send her on a voyage to
America, equipped in sowndanos with the just requite.

inents of the Board of Trade. Her out to the pro-
prietors would then bo about 1:380,000, fitted for sea,
which was leas than lT per tun. The Great Rasters
was acknowledged to he the finest specimen of naval
architecture that bad yet floated. Her qualities as a
seaboat had been proved; her speed, although not fully
tested, had exceeded that of the largest clam of steam-
ship., against a head•wind. Under an united and ener-
getic management she must become profitable. The
committee strongly recommended to the new Board a
careful economy, both at the company's offices and on
board the ship. Every facility had been afforded by the
directors and by their secretary during the investiga-
tion. He concluded by moving that the report be re-
ceived.
The Rev. Mr. Nicholson having seconded the mo-
tion,
A discussion of considerable length followed, after
which the motion for the adoption of the report was
carried.
A resolution expressive of sympathy with the widow
and mother of the latii Captain ftarrison having been
passed,
The Chairman proposed that the noblemenQui gentle-
men recommended in the report of the committee be re-
quested to act as directors.
The resolution having been seconded, was, after con-
siderable discussion, carried unanimously.
A resolution empowering the directors to raise the
necessary sum required, and a vote of thanks having
been passed to the chairman of the Cuunnittee of Investi-
gation. and a similar vote to the Chairman, the meeting
separated.