The Express.
London, England, 1863-10-13 00:00:00

GREAT SHIP COMPANY.

After our report left yesterday,
Mr. Scour RUSIIILL proceeded to my:—When the ship
was designed for the Indian voyage they allotted
20,000 tons of her burden available for romildemy to
her engines, sad the remainder to her coals ; their
iatesition being that she should make 12 or 14 miles
an hour. But if they had designed her for the American
trade they would have equally divided the tonnage available
for her machinery between her engines and her coals. Ir
that one she would hive made 20 knots an hour, end then
she would have been fit for the purpose to which the direc-
tors bed misapplied her. (Hear, hear.) She was it very
ill.contrived venal belted for the American line, but she
was • well-contrived one for the Australian line. (Cheers.)
tithes the first designs for her she had undergone no great
change. She had exactly the number of decks that she
wee meant to have ,• and she rolled justas much as she was
resat to roll. (A laugh.) Sofas people perhaps thought
that • vessel should not roll at all ; but any
sped" that took out such a ship, or any
pawner that went by ova, would soon find that he had
made • considerable mistake ; for if a vowel was so stiff
that she would not roll with the waves, they would break
against her and knock her to pieces. The Great Eastern
WM calculated to roll 01100 in 20 woods of time, which was
just what on the average she did. (Hear, bear.) Twice in
her history, whether by maismanagemeet or not be would
not my, she had bees allowed to fall into the trough of the
sea. That was a position which no captain should let his
ship get into ; hennas if she did it wee • great
chases if ever she got out of it again. Now the Great
Eastern had twice bees in this peril, and she bad come out
el it stench and safe, and seaworthy. (Cheers.) As to
tier eassamptioo of coal, that had often been extravagant,
and the fuel had not always been of the beet quality. He
shield reeommead the direttore to pay the beat passible
pries for coals, but to see that they got what they paid for,
sad that none of it wee wasted. (Cheers.) On on. ono
sioe—sot however within the last year—when a thousand
tool had had to be taken out of her, nobody would hays it
for the trouble of taking it away, and they had positively
to pay for its removal. (Laughter.) With proper fuel
sod proper care he believed that they might expect her
to make 200 or 300 nautical miles • day, with a consump-
tion of 210 tons of coal (Hear, beer.) Mr. Hawes, there-
fore, had taken the very largest figures in estimating her
expenditure ; and he believed that it would be 40 per cent.
less then he had stated it at. If be (Mr. Russell) bad
spin to advise the company on the construction of the
VOlllei for the lodise trade, he should recommend no &Rare-
fies in her proportions or her size, or the arrangemeot of
her decks, or any other respect—be should simply recom-
mend that she should be placed in the hands of the greatest
, to manage her, and of men of the highest capacity to
take charge of her. (Cheers.)
Mr. ROBINSON said that, although the panne from New
York, when he came over by her, was thought to be a rough
ere, he saw no use sick, and he did not believe that any
see wee. For his owe part, he would pay a large extra
ens to Mated by her an preference to any other ship.
(Chan.)
The CastawaY, before putting the resolution, said it
wee quite impossible for him to go through a report which
involved the whole history of the ship. All that be had to
say was that the policy which the directors had Maned
was not thews, but the shareholders'. (No, ne.) For his
own part he should be glad if the committee could have
taken his respoosibilty as chairman off hie shoulders.
Those gentlemen, he believed, had worked very hard indeed,
but thew labours bad led to no result. (Oh, oh.) There
was, to be sure, a result in the shape of • pamphlet, which
would, no doubt, he interesting and important to gentle-
men who might be contemplating the parches* of the eh*
but it could not affect the present queatios. The hood-
holders bad bad a meeting that morning, and had Untreated
the trustees to sell the property co the let of Jemmy
next ; eod if la the meantime anything was to be dose the
company world have to repurchase the ship front the bond.
holders. (Oh, oh.) Lie should be sorry indeed to be-
spatter the ship, though the committee had dose ;
but the fact was there were mightier men thsa the 11011.
paay—the underwriters. if Mr. Scott Somali toad te-
°pee them with confidence enough to underwrite the vassal
there would be something in what he said; bat such bad bees
the difficulty of insuring the vessel that the directors bed
beet obliged to take some of the risk themselves. The
Romans used to give their generals laurels if they were
successful. and sentenced them to banishment if they failed.
For that alternative the directors were prepared, but let
them not have abuse thrown upon them. The directors had
• large stake in the company ; bat be believed that the se-
gregate holdings of the committee were very small. It tier-
taiely showed great disinterestedness in • gentleman with
Eve shires to take so much pains on behalf of persons who
could not protect their own property. (Oh, oh.)
After a long and personal dissuasion the resolution was
agreed to.
It was also moved that a special general meeting should
be bold on Tuesday, November 3rd, to fill up the vacancies
in the directina, to alter the qualificatioo of directors, and
to transact such other business as might be neosmary to
=detain the company.
The CHAIRMAN again repeated that it could ROMS to
nothing. If they could raise money to pay off the debts of
the company, there might be some reason is the resolution.
Mr. Webber—What's the use trusting you with money
I'd ea lief trust a dog with my dinner. (Roue of laughter,
and cheers.)
The motion was ultimately adopted.
Mr. iiAMIN moved that the committee be requested to
act with the directors for the purpose of raising sufficient
funds to sorry out the recommendations of the report.
The CHAIRMAN said he could not possibly act with the
committee. for he had been grossly insulted by one of them.
whom he described as • gentleman with a lively practice
in the insolvent sod county courts of Manchester.
Several of the shareholders entreated Mr. Barber to ac-
cept an explenatioe, and not to let his personal feelings
stand is the way of the company's interests.
A StraeraoLoes asked bow early the directors would be
able to resign.
The CHAIRMAN—In three weeks. lam sorry we cannot
gratify the proprietors sooner. (Hear.)
Another SHAIIIMOLDER gowned that a fine oppor-
tunity was afforded the chairman for displaying the mag-
nanimity of his character by doing his best to aid the com-
mittee. (Cheers.)
The Casauraw—l em afraid that magnanimity is not a
virtue Icaa claim mach credit for.

The resolution vas this agreed to ; and after a vote of
Masks to Mr. Hawes,
The mieting stood adjourned till the 3rd of November.

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