The Express.
London, England, 1846-12-17 00:00:00

to p.—N. British, 98—Do. (1 D.--Da. (new eh.), IBA. ed. p.
—De• (1(414. 3..21 Onion (Is) 123—Shed/el& Mancheder
((s.h. No. 3), b'Airrll, 384.—Do. (new eh. No. 4), p.—
York, Neweaelo (extn.) yi, p.—Do, (pref. .h.), p.— York Selby
Tot sh-). WI P. Lanewslitre (new eh.), el p.—Do. (new 'scrip),
. 54- ed. v..ulerstield, C. and It. (1$ pd.), 4 p.—Leeda, Dews-
bury p.—Leeds, (new sb.), le.. std., i p.—
Stifewsm.rY Chester (late N. W. M.) (4 sh.), 24 p.--Shrewsbury,
Oeweerf:- Chester, I p.—Birkenhead, Lancashire, Cheshire In.,
14. 1 p—lsisnuagham, Orfonl .In.. 74, 4 Dumfries, t
Northern (Nos. 109,001 and upw.), 1 d.—Newport,
Abergsvenny, I d.—N. Staffonishire, 1) p—N. Western, 5,13 s. 9d. p.
1 Shremsbury, llereford, I d.—Shrewsbary, Wolverhampton, S. Stat.
fordsbin-, p.—Shrewsbury, Bartulnehare (A), 2,d;leeW..9d., 2 p.—Do.
gi).: va. p.—eibropshire Co., h. end C., I . nun.* a.,
• P•
MEETING THIS DAY.
Pontop and South Shields: Company's office, ;

1 p.m.
MEETINGS. - LONDON, BRIGHTON, AND SOUTH
Conn.-Estraordinere .11retiqr -Dee. 10.-Mr. C. P. Grenfell in
the chair. At the request of the chars en. the someta
folLenug resolutions, which had been prepared by the diry read
rector. e
f .r
the coneideratien of the meeting: -" That the directors be, and are
th
hereby, authorired, to make applications to parliament in the next
seams to effect all or any of the following objects viz.:-To enablethin company to coneetruot lines of mayfly to 'Ambridge, Maidstone,and Canterbury, to be called Bee "Kent Railway." I'o enable this
company to extant their railway to Looden-bridge. To enable this
company, either reparatel y, or jointly with the South-Eastern "Lids at
Company, to enlarge and arrange the London-bridge station. To
amalgamate the Direct London and Portsmouth Hallway Company
with this company ; and also to enable the • onelon and South Western
Railway Company to partieipate in the part of the Direct Portmouth
Railway situate between Dorking end Portsmouth. To enable this
company and the South-Western Railway Company to purchase
and hold jointly, the part of the Chichester and Ports-
mouth Extension of the Brighton and Chichester Railway, attune
between !Levant, or Cesium, and Portsmouth. That the capital fur
the Kent Railway be 1,900,0e01., and be raised in stock, to be called the
Kent stock; the holders of which shall participate only in the profits
arising from such railway. That one moiety of such Mock, in shares
of 21/. e :eh, in moordance with the arrangement with the late Kent
Atmospheric Railway Company, be offered to that company. That
the ecripholders therein be required to exercise their option, by pay-
ing into the banking-Lowe ot Meters. Smith, Payne, and emiths, or
Messrs. Glyn, Hallifax, and Co.. a deposit of 21. 2s. per share, and
executing the parliamentmy contract on or before the 20th day of
December instant. That in such contract deed, powers be i welted,
giving the oirt•cture of the Lonilots Brighton, and South Coast Rail-
way, unlimited authority to Menem or dimuneh the capital for the
Kent Railway ; to vary the course commencement, or termination of
the several lines of railway ; t abandon, at any time, the application
for them, or to confine the application to any portion of teem ; to
enter into such arrangements, and generally to do, or to omit to do,
ali swat acts as they may thila adorable. That the other moiety of
the capital, and any sham not taken under the preceding option, be
raised by the directors in such manner as they may deem expedient.
That the agreement submitted to the meeting between this company
and the south-Western Railway Company, relative to tolls and sta-
tions be and Is hereby confirmed."
The Chairman add the general policy of the directors, whether in
relation to their own line or to line, belonging to their neighbours,
was comprehended in the short word "peace." Proof of this was
afforded by the good untie .eitanding which now subsisted Mtween the
south-Weetern tint the Leighton Commune*. When he tact met the
proprietor', the contrary was the cue ; but those companies had fence
thought that the interests of the proprietors end of the public
were most likely to be cemented by a good understanding
between companies whose lines were placed in juxta-position.
Recent acts of parliament bad provided for the public Interest as
reseeded the charges imposed for goods and passengers; but the
interests both of companies and of the public might still he preju-
diced. When two eompanies capable of entering into competition
with each other maintained a struggle for ascendancy, laxity of dis-
cipline followed, and the effort to keep down expenses, in order to pay
dividends, was injurious to both partite. If, for example, in the case
of the South-Western Company and themselves, there should be a
contention for teethe which brought down the dividend to a v. ry low
amount, the effect was a great deal of screwing and cutting down of
expenditure; and the public, instead of being rerv4 would,
in 99 threes out of 10a, he jeopardised by such proceedings.
He wished that lii the mei hmetern part of Kent they had met with
the name depositein for tame which had led to its entabliehment in
the went. 'they bed endeavoured to secure relations of amity with
the South-least. n Companythut they had been met with a sorcof policy
which preclude,: them from taking any other course than that N bleb
they submitted for the approval of the meeting. The South-Eastern
Company intended to apply to Parliament this year, lint fur a line
from the Greenwich Railway direct to Croydon ; in the next place,
for a line to Shorelium. (Cries of "No, no," and "It is witherawn.")
The effect of their being successful in the tiret ease would ha that
the entire toll now received by the London and Brighton Company
on the Croysi n portion of their line would be abstracted. Thetuneunt
the- lost wuuid Lc 2:1,0001. a year. This adverse intention had neonate.
Bed on their part • orrtsponding attempt at self-protection. They de-
sired to submit to earthmen: an appli.ation for the enlargement of
the joint-station in London, in conjunction with which there was to
be a line running from the elation, ao as to save the toll over the
Greenwich line. lie next came to what might look an advance into
the name's territory, vie.' the Kenneth linen. In the Lea three
sessions of parliament they had been contending with the South-
Eastern Company for the south coast truffle to Mistime. After the
London and Brighton Company had aucee meal in obtaieing their line
h o el Brighton to Hastings, au the subsequent session, the suth.Eart-
ern Commune nor the thud time, renewed their application for a line
from Tositinelge Welke to Boeings and parliament, though
it had grunt." the London and Brighten application in the
preced.og ethion, was inconsistent enough to give its element.
When that line was completed, the result would be the aletraction of
the south coast traffic from the London and Brighton Company by the
South .ithetern (brawny. This year the latter company were going
to eaniament fur their Mid-Kent schemes, which would divert the
whole of their traffic nom Hastings, and, to the eastward, off a por-
tion of their owe line, without touching the London amid liriguton
property in the least- This policy was so unlike a peaceable one, that
the directore felt compelled, in melt-defence, to adopt the course sketched
in the resolutions. Ile wax happy to static to the meeting that he had
received a meat number of Fetters from gentlemen venue of whom
Ira! members of parliament) on the line between Tonbridge Wells and
L melon, who were exceedingly anxious for the proposed line, find
1.-. ad promised to give the application their support. Ile
amkl not detain the meeting wits any further satement. It was,
he repeated, the wish and object of the directors to maintain peace
with all their neiehboure, b A, at the mrite time they telt bound to
do all they could for the interest of the proprietors. It war was to
proceed, they were de enniued to pursue their object te the utmost.
They were not afraid of war, though they held out the olive branch of
peace for the acceptance of their opponents. He crawl ailed by moving
the resolutions read by the secretary.-Mr. Wilkinson, a director,
so:ended the motion.
Mr. Levy disapproved of war, so long as it could possibly be
avoided. Ile thought an amioabLearrangenient might yet be made with
the South-theta! Company. It was nut to be supposed that the Litter
company would sit idle while they carried out all them pr jets. Ile
had been !esteemed to conic there to represent proms who hold
stock to the amount of 500,0 Ole and who greatly dem ecated hostili-
ties. War coulee only end in each company losing a great part of Its
traffic, and a great part of the line of each becoming melees. He con-
cluded by prelim:Mg an amendment in acondance with them views
The Chairman deprecated insinuatioca that the directors entertained
a wish fur war without first the ei taping what Si cps they lied taken
to populate their thighimure : and what had been the remit ! Seve-
ral meetings bad taken place between the Southathetern directom
and the Brighton ; and the treatineet which the latter had met with
was anything but countess or conciliatory. The momene the South-
Eastern directors met them in a proper spirit, be pleage d himself that
the tiroperly of hon. proprietors should not le endangered by war.
Mr. 111 'Lauren compared the conduct of the directors to that of a
nun who, while calling out ecace, Demented a Mind as the alterna-
tive. To propose parallel tines was very aggreesive conduct. The
directors had already quite enough on their hand. without any of
these projects. Ihe team tiny had a capita of flaitio,ooo/., arid an in-
come of only 150,000/. This I:easement elicited a long dime...den
between the proprietor and the directors. From the statement of the
latter it appear.. d that Mr. Mlauren pad included in his estimate of
capital the money which the company had power to borrow, and that
the actual amount Mcapitel paid up amounted, with borrowed money,
to 5,1100,0 th I. A shareholder theught it wasneereary to pare the remote-
lions emanated by the direetura, in order to enable them to negotiate
lions of peace. Mr. second.' the amendment of Mr. Levy.
Ile objected to giving the directors power to Mee 1,90,0001., without
knowing the limier nature of their plane. The law expenres of the
Brighton end Croydon Companith had amounted to 150,000/., and he
dreaded their incurring additional CIIICRIWY. Even If they suceeeded
In their applica, lone, the lines, when constructed, would tnjure their
neighbours without benefiting themselves. - Hear.) The Chair-
nem repeated his former statement, that the rotated efforts hail
been made by the directors to secure an amicable erningement.
Mr. Muster, a dpi eche, said that in the conferee= with the South
Eastern Board, the proportions, of the Brighton Board were bared on
the principle eif manitaining their own, and not interfeeing In any way
with their orpimentt. The counter proposition was that they Meek'
g.ve time South-lectern ampany leave to wean' a h..e to Croy don
in opposition to their own iine; and in that one the South-Euetern
Boar,' said they would Mee their assent to the con,truetion of Imes
into Kent,- a mum, which they ;the Brighton Board never desired,
and the ailoptiou of which would entablesh eternal) warfare.-Mr.
Pervious, another director, confirmed Mr. Shutter's statement. Mr.
Deaden raid he was one of their, who met the Brighton directors on
behalf of the eoutli.Ethtern Cunifewy, and he begged to nay that the
meeting had only heard OM Side of the emotion. The London and
Brighten directors proposed that, if the South-Esetern Company mese
the al ithlieta line, they should continue to pay the are toll as before.
Mr. Cohen exprethel tiring di.approlation of the amaltramattho
with the Direct London and Po temouth company ; and contended,
that to the London and Heighten ceentanythearrangement 'MR a very
diataveutateesthime. Aceoi ding to the evidence of Severs. S:ephenron
used Brunel. it was rot at ali probable that the line would be con-
ntructed wthin the oriented estimates. There were many proprietors
who joined wan him in repudiating the agreement, which originated,
he coincided, entirely with the Portemouth and Croydon directors.
Of count, the Reran...emetic was adeentagesith to those who received
for Si!., stock worth in the. market GM; but the Brighton proprietors
generally woe phi* m ins very different position. He then proceeded to
blElleol the direttors of having cad rebates in the market in such
a way as he evince that they had peutitecl greatly by the arrangement.
This lIENIAVROD called forth an theist:tent dinclaimer on the part of the
directors, end the explanation of two, whom the proprietor named,
went to Meow that the transactions referred to them were in reality in
amount of other per with whom they were contucted.-Vhe
Chairman said that as long as LW occupied the chair he would hot eon.
seat to an.wer questions and charges which implied that he and hi.
brother directors were not honest non. Set nal eleuebolders express-
ed their regret at the personal imputations which had been made, and
disclaimed all concurrence in them.
After considei•ahle pereinal altercation between Mr. Cohen and the
directors, Mr. Levy Najd lie had no desire to prem his amendment ;
be. wax only that a peaceable theme Mould be Billowed if it
could be consistently with time interest of the shareholders.-The
amendrueut wan then wittelrawn, end the original motion carried
with three die entieuts-A vote of thanks was given to the chairman
and the directors.
GE.Aeoper IlAknocti MINERAL-Dissolution 3feetitay.
--Dee. le.-11r. Brooke in the chair. The Chairman stated that,
in consequence of doubt, started at the meeting. in Glasgow, last Fri-
day, it was deemed eafeet to hold the prevent en Edinburgh, one of
the elemental dolly mentioned Is Dalheurde's act,where meetings
to consider the eue Mon of disselution were to be held. At the (Sae
gow meeting, the uppuenunent of a committee was moved, to examine
lath the affairs ui the company, particularly into u law plea which
had been Meal ag mint It, /11141 the disbuniemente of the directors.
The dimities thought this premature, and unfair to themmence. The
party who made the motion was agent or the pursuer in the law
plea alb dad b. I. the Depection of accounts the directors had no
objection. The Chairman hoarded to read the directors' report. It
was therein mated, teat, atW slew exceptions, the accounts had been
rattled. The c00p...101.g wire a charge for brokerage uu eliares sold
by Mews. Jackson and genera.% thee parties had been employed
by the directors, 1•110 cool that they had paid them their communion
upon all the ahem they had employed them to diepnise of, and denied
that they had employed them foe the Mares in question. An maim
had WE raised 1401114 the directors before the sheriff of Lanarkshire
upon the point, and the directors honeyed that they would be RICCI:116.
ful in defentline thetheelith. Another exo ption wax a claim by Mr. J.
Walker, sit Lemma, mo services done by him in theiemployment of the
Adeninelty, wluclm the directors considered to be an oven:none. TM
mem. ani..usited to 18,21/ it. • the expenditure was 10,6111., including
part of prase ot Loudon nuliciter's aocoeut, 1,751/. ;
engineers rad Purveyors el 4/. : eritnearne and deputations, tee., 4131.;
Gtherow solicitors account, 1,050/., (of which only 3001. hasbafitheeen
peel); and other noun for euiverheing, fee. ; leaving a of
y :Min of frouther to stile river,-Scone dimension arena,
km. Sage due to the Glasgow rolicitorn. The propeity at
after the
Heathery-hall was stated to comae of I 1 acres, with 12,50 e squat
reeding ot the repot, on the prop.iety of dissedeuag the com-
pany at the pi seem moment. Several shareholders having
expressed it as their OpUIIUE that they would be in a much
more favoutable 'amnion to einem of their property if the cost.
purr was kept together than it they were forthwith to break up, in
which case they might he called upon by huntile creditors to sell it at
a moral& agar the expiry of three rocintles, it was urearimosialy agreed
that the quotemof 4ROPA/111liell Mould be held as negatived. Hz. Le.
gun, advocate, mid that he maenad to this an the undemanding
that should the einecture see cause, real a change of cirounntanesk
to think that it would be right te go to purliament again, making Irap.~
canon fur a bib, they innate not take any Maps with Duet view without
e ding together the genet body of the Menhaden. The ehareholdses
then mama themeenea into as ordinary mooting of the ears .
The repot of the committee appointed at the Gamow meeting ea
Friday last, 10 exattane into the deputed aeoeuuta, Was then nal.