The Express.
London, England, 1849-04-12 00:00:00

TAR .EXPRII3B, ;THURSDAY EVRItINGT APRIL IS •IR4O

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RAILWAY MEETINGS.

osift:Ill DEVON.
Extraordifiery Jleelliv.—ebTaeatlt, April 10.—
TIMMY Monsoons; Bert., la the
This meeting was idled to detetudee es the expedites, of
midst a sum or_sions el memeasy the Mee of sew alma:
rorjemeiver Boiruwatbr°Al7B aug ay alastevatatiegiersidi Ikerat
nos hilly paid
_up late a aped sleek, on se* WWI me
seadidees as would be submitted to the nesting. The at-
of prepristims woe set as large to oaf some preview
oesseisam
The CHAIRMAN mid the &metres had mina late to
mem mikes emaideratioe the plea whisk Mr. Reuss prv-
pesmiled at the last half-yeerly moollim, sad Isiddmh the
shasebelders prams at that seeds, hid ghee their eons,-
MA lIIPPISMIPtc• hi al the Wiwi* me issenned. The
dunks whin had heist seat se as* shielbeldsr bed tall-
eisoi* sepleined die pascal ism et the Won" by nth*
llm ~ism permed to give siisst * the wish which woe
ihimeeety expressed. Thep
*ewers, se=
la itersheislir le whisk Makiel/WM dish
setentingissemisse they be fiend to foam a way is-
is the modairatiss tithe plum whke it was
lemilielt hr disk sworn The LW morph
whil:qt email tests wee Mill following effect-: ' It is
helseded then the poetised me desk shall be so mated by
the ressileilte of s MMOIR Mama Weft es, hi WA to
'imp pesos with as opal amen tithe debssare dell,
y biome a Ist deep; ape the South
, Cmieeeekl= at I pr seat. sews" Now, bane
the ammo meld take epos the reepebility of
1 midst the petrleleis to adopt by which of
else, or say ponies of it, mead le sabred Is the IOU;
I esteem hosed team thee, epoKeethseity whisk shade
'll -pmdbetly empadimable, tint OM led die swam end.
Os pmer—kgkimate sad law's' perw--to any late mist
mil Iliad east all that they reposed I. do. They had
* weeded the eatiallasA -amen .cd a vox, large
pee es bet, of ea aledele fatty she
they
et while and half awes; bet Vinimiliced isle as Implement with the prehreseemehare-
halm IS was swewaosi that the omen of these should be
elbleind to the of these sew shares la the some te-
r PC pge=trtytwbrerott take
We of said enkr.litl Weiss ormiseislies
oleic
who were sepaaidt with Impost levarrotr.
wed de remblismi whisk woad MM. lleill Ma
then ams P• 111•1•1 b 7 •
gigilastirodigle ilitiessegkileem that amp
hand that *seal= Win deka* wall the ItiCr tithe
age( p adimmil, WS sun of epilog that Jimmie be news-
=bow the Mho eonmensese of that dem of sham
le Walls bedrimemisseed. The areiterelted
Se *meld it lake ad ettl= *is eb-
Saha, sod led Moeda le he.. whit lh
Filmy Kelly isid with Mr. Lloyd. And the edam
speaks of these goadesisa. which wee thine base him, Wm
to the Sollowbg offset:
" We have considered dm moped wham for creating a
stook beating a Ong &viand W a per met. for the ramp-
dos ci the losa swami et the Sink Ems Railway Com-
ps*. Ia itself, die pipit emus esamelled* es ends.
&Me me, biomes Ike oast of it is thwetry te pm to them
by whew mossy the 'iodides if the company are paid of;
the same advantage, se Is rate dishiest and piwity, whisk
a=st Wasp to these weileme. Me• dies el sheet-
therefore, and me Wadded shordisiders, is,. weeld
ham rememble poen& of isomitin, of sporatiom We
think aim, that se reps* timi - Wiwi of old der
Wthe petond swedes is widde the
of the COMpsiii, sof might head* be ouried
into offset; het es imp* the holders of the sew or
261. shit Oil:
ilorsoasareetiel &dist of 6 per con,
bat as and the ethic *gasholders of
the compasy, leo hems we think it open
to very pave doubt eh= riallessmiesliti So the mammy,
eves by the veer if stemma mielieg, to ham ressesse to a
asesses the Mkt Orlibilk woad be to ~se *at fa.
memilelen to a sew aim although eentimla ills seek,
sad midweek Is lies, sepremodas the ohm of creditors
whisk led -avady 1 WIIIMIIC by way et elorrelPi: the
railway. At all evens, we se sot Welt the ma
prudently or safely meth a same to the pondelies
within Stet aewm emselves of the amen ef sash
holier of pesawesee shares. It seems to as that the
unitise of perliameat should if poseible be procured
IM the dis of a dedersessy madmen and ea the
piped ARM is mesedlesally imeportaat to the
amp.; and the peewee mesas are also jest in
es* ishir St,
ma'
mikados, we tea have ao
=idle may readily be obtained.
Whelhermaiwasallipler einumstessa of the parties leave
Me be shaded to tisanes a bill a arise the wend ersatz
we ms hems, suede opines, but we recommend that, at
the meat le be held me Taseday next, a vote should be
Ickes, eatherkleg as application to parliament, and that the
wastikg should be dim hither adjourned until the result
sThaoolo, ll have bees eamedned. F. HILLY, J. H. LLOYD.
April_7, IS"
TM CHAR AN wen ea to say, that he bad evm
mss le believe hem lakomatime ell* he bad kit it kis
diity le proses; *et the worm Fended= Is res
*en
sed is
the premed mike might bo pmenskif ski p
me
*hi at to =ditch. it; *se- the bog would set be au ex-
poisim ace as the ices tea it gond be Hushed ; and that
it would Pais wittiest , medial the dimities
were owned hy the iinembelikus, es he
asticipstW they should he, wills SUS the pi: ig=
was to reclaim the email a( Obi asepay, and to Imp
faith with their isdpossi; em ilia He thee dwelt
stromily on the het that wiry &Sag if the money to be
raked under the autherity sew seeght man be applied is
paying off the detesters debt of Ike maw*, that no cir-
cumstances whatever which the Renews souid contemplate
as likely to wise—so preen—same hem what quarter it
might, woad Justify the biota is itgespriatiog a degle
is of it so say Wier wpm; and that the direelnee
had se lean to raise asy grease semeuet of eapisie
they hol already raked, wettest ebodeles, Ill; the
rky of the prepistees, sad, ate/weed; the emillin of
calmest Me metalled by some misiollons item-
of the plea propmed, enpmrt Ike direst=
to tetilurtmlY steps se they might
deem iin, by appU-
adios to pullemen or s erwiee, to carry it rte effect; and
adjourning the meeting to a hay k May to rewire a further
r. T. FOX epeeist gametal* with what bad Mks
from the *airman, still thought that the time kaannismil
elm it woo amonery for railway gershokkos to
law mash mere Sato their ,ews limb this they IW. or
hitherto dime. Re was anew. donease that • reedathe
should be placed epee the Moira el the sempay, whisk
should show that this sebum was model to by the pe-
er/don es* ea the deer undenteadieg sod Relied agree-
ment that the use, to be mind maw* amid le labs to
repast the lisseeeted espial of the onapsy, salami the
benewin disuld Is takes to lime bees exercised to
the till eaiml aimed lis law, se that sisiSka the poen
sat garbles, &mho dwell attempt to pet the pewees
spin late etioaden, ea though by weverthog disk isles.
heal tato= ihey leapt SA of so meek of their dell,---
Mr. Fox ledyiNg this dew.
The CHAIRMLaresli nia
ewe *at the direstess• bends
were se tied up by sea Of i that they semi=
they would, de teat w Wiles modules was
M paid .wiles. They we astheriard by }Osman Se
seise a wide sem al risair, end they aseM net mho a
bogs; no within beetelleg Rabble pas mil polities
whisk he he me shield lle eettemely seory le seesester. At
the same time, *see we. no eltedies whatever, co WPar/
el the directors, whisk dwelt knew that ftis was the deer
iliesimosteLdieszseashwidek the protest whams had seethed
m
—kr. W. MOORE Mai net me who wee to he bonitod
by the ailephe of this pies. They re to borrow
messy at li per mat hews* le pay off the MeMares whisk
hese saly the same tens, and some ot whisk wore ROM
le a lever rate AM. Whig woad they Ideal= I Re
NOM nil we an objest in ides se* as
itihne Sillies them all asalike miler She umbel ef thlir-
and to sir the howl thiejpowe wee them as ism
tiara whisk as asilietwe Weems *ay IMO esempt
The , and Mr. Fox nobles& Se Mr.lfillivo.
that there was a Mop meson ef debeinwee debt, sow thos,
Gad over dee; an
dfilie the midis wasted the messy. The
charism suggested test the dillealty might be get ewe, If
lir. lease was ready to admen the seesuary feeds to pay
them ke off.
, Mr.p MOORll—Tou've had a thalami pounds of is
already,- yse wee% eat my sore.
Dm ROCIIII whited to knew what sem*/ the pinks
who were teitoll is MOSSO this sassy wen% tam Sae
thie g
mutat of the bluest. They ought to have NNW
more to rely area thee die earalage of the cempory,
sr the gametes of the agrees fir that
Ise had bees glees Is two eases already, r .f.:::
thee if whisk bed it imea fulfilled. He referred to
; the premise to the edging shareholders of 6 per seat
epee their cells, as 4 So the guarantee of a par owe, to
billaws of_ preirmase thaws.
The CHAIRMAN dialed that the &meters if this citea-
g bed ma gives my guarantee =asp midi the stnelles
'dee peopholses, sad *at any la the mos eiths aper ant.
=NCshore; That was a gamin Ida mpg to
nested so diredie, nor emt shoMbeiiiie it the
, would eveelisisa lira win* he eiae, evigulisu
etullarYsseatetty sr
_bp*, it /rte
; but Vl* wiped
M the payment of lelesset epee tielh, if the propulsion of
this samposy thee& it
rile preasieleaath. Oman sod
le beenw sew at a ;11; d lthey might
pet it Maisie peels mil hid it eel theel a lower ate
1 if interest, it was pile open to *male de set ha the di-
Well" whoa ihm spite is Ihdr peemensi tif die pawn
et imihnemt in sea; led VOW sus- *di maim the
I edging shield he eshousted kith ameba *sell be
I the wpm= se* hewed.
. 'MIN FATLY the easetlag of the legal
Mobility of the commay So is the pisassoombry
lees** antes Peel, -end Minted that is all prebabillit
, limps would be tekom le manse Sail liehOl*, ontemlieg
1 dna* he the peel of the bomb
1 tellikposteted ismomenkatisa by the /yratialmeathbgiaad DAM
seer Rae, and anemia a hope that the *einem wield
1 lave
reseedtheia anamines, did the dinettes wire prepriag le
wkh it.
Mr. THOMAS STEVENS Mooed ma lhe inns dk, bet
The CHAIRMAN, his the heisted* *hat bell lam
give; addi refereantswitsprommallp, dimmed IS *AI
moment to_mio late any ;Aim.
air. W. PDX that tome night he takes k the

proposed bill to ocean the 6 per sent. rehresse Oak We
i permasent 6 es nod, in ma lair bil bereafter be
itaradt _
The camazAw al net *id that szeridellsrautary
pries wire aserairy, bet the miter have but
attention. lie wee esaybkord that sod en ant RS
thee Mr. Fox
Ihrom eated woad be very = to tbe
ehosholdre, it could be dread as equirdle
arm 11. grasser es the prokrarattock bad aims
rare to suis.
The thinsan's reesistiess, wish the additions mound
by Mr. Pen, was this pi and canted, with only three
ementisole.
Mr. MILLMAN mil Ilweedi greatly mist them in getting
the moral of the imrsheidises lo this arrengensent, if the
rid WI lbsea at what time a dividend was likely
brirmapaid—smnydarimildiess wen se divined by the pro.
endings that they would ass pat their hands to say state-
ment ormafterga the brad.
The CHALK
mid would giro Ira greater
plasm» this to nuke a statement of the
Abbe of the Boa* Devoe Company but he Rust lest
be satis4l24 that say adman he might be disposed to
sake . be tally and is terms cried est. Every share-
betray hal the seem materials kr haling on rain as to
the probable payment et • dividend, is be kraal( bad
—Mat every shadebiar knew what was the reeks Irma
tithe earany, ail/ geoid Pips es what extent it re likely
to Inereass It eppeosed Who lest assort that, *WS'
their present ism" end eSegrag hr no iscresas, es no
err of the orris le Plymeath, Wier then would be glets
by the bra than is the Idol., their Psolac=lll
sight be takes at 00,0001.; drag*. 47,0001. on dt'
7.7r4twe519=22,09111. *rim barest at the driers"
rand Up*. implied* to the pa=
of Miami on the 6 por ant. referasee shares.
men whir ranks their ens poems of adealstiou, as to
the mai* Immo et this her, from the Wiser of the
line Ineelhorsere of a /excluders, and from the con-
trast with of the mails.
RA W. L 104.16111.1111 mhd 411=pseskisa the am-
per sled olik miserse to theme
rams of *alb die from
Mr. (Arra Stsions.
The CHAIRMAN reed the barbs Mar, whisk bah
bra teethed km Mr. Seeger, so the safest 1—
" To W. Cher. Req.. Smeary of the Irak Devon Rail.
way Clesspray.—Sir,-11 lave writer to the disinsa et the
South Bora Seaway Oangiany W Ode night's pest, sad I
has slated to Ire that I easibe the 1,038 half shares
=in the nerve of Mr. Braga sad Mr. Gill (ter so I
the trumekr) breallh, mid that I em not under any
liability lathe o=agarminessysot of them. That I, there.
the shares, but that I an
wilkeellasiNraybwhot eery be hue a re-pest of the cells en the
400 sham, drain what I hare Ind as thel,oB3
half shares. I have sl-o to give this nodes to yes or sera-
=irkthe company.—l sr, Its., Carus iftwellimi-
27th Mink 18411." • ' -I .1 .
The seer* which the dileadon bad rani Mr. Stems
was a mime on the 111111.111 and a praniasory note of
26,0001.; 461. led been rid as each d the whole dans*
and 21. 111 e. as ark of the Weimer An macs had
abaft hoes eirmossed egoist Mr. Stara on Ida rensio
ray rots, obi ward he lONIA es with es mud expeditioct
as the forme of kr wend edlmit at
Mr. HUMOR sad a alike quilts with respect to
Mr. Charles Banshees.*
The CHAIRMAN raid the fellowng letter, which bad
been rarer tam Wk. Sarah" by the seeretiry :
To W. Carr, Seq., emerany, Seal Devon Railway."—
My deer liir,—Youlusow already from me the serious doable
which I have bra lad to 'atonal* as to the legal dusesesr
and eights of the belhaberes in your carry, whhk me
supposed to beer a* graestes Edll.llllll rate of 6 prase.
per auras far to yore he. the Mb of Mardi, laa. it
we- only =dor the pmenesien two sad shares wore sisly
steeled, and honed =dor Ihe pewee wired by the else
parliament, that I assented she beams a holder of rake el
them, and paid 2,8201. he the fret all roe than. No osa
duration would have hissed sae or eves justified me is
==those shares rhos guaranteed rate, payment ot
11 meld be satin. • end weld beerred. The
gab** wee re of tee serious importer. to me after I be-
ma's uqualstei that done existed as to the legal director
of the dr* ash that there was aurrinatly a reopen of
futon lidgetles at the right of the holism to** 6 per cent
per ussoms guested by the ..imply, to malt of me
making soy krither payment, amobleraden kr raid
might Id me. This are a fie radered it necessary
kr me to imply_ kr the boot ehrdosal edam in
order that I• Weld be guided I. tke enures I ought
to take. Suppling it to have been competent to
the warm -to aerie those reference shores, sad
the georindoe of S per rat ads them for 10 years to have
boss aqui@ ether, euAeslr, I could have no hesitation
whatever la making prarant of the all upon them ; if on
the air band the doles daft prove 0o be invalid, and the
guarantee , it .aid not of course be
expected tliresslsq==th the knowledge of that
feet to dome a begs smolt for which that, would be no
guaranteed minim, es the kik of which I had commuted to
take shares, sad es the lossilfide fulfilment of which I had
relied ; to obtain ids knowledge of the relative poition of
the ascrany sal asps* under such eironestares I took
the risks of the Atermay.General, of Mr. George Tamer
of the Chimney Bet, sal of Mr. Paseo& ; they were selected
to scadier the esse as Deng of the highest standing or of the
vestal otairre at the be ; and it becomes my duty, after
Air rink., and acting under their time, to
recielivbfusin thyou .ally, that ft was not competent to
your company to wean the shares which they profess to have
guarater at the rata of 6 per cent., and that the holders of
such shares eve not entitled to receive such amount either
add the paha of the railway before the holders of whole
shares ruin any karst, or out of the capital of the com-
pany. I mar, and do hereby, decline to accept
or retain any each shwa which ray have ban allotted to
a In my name: I reject, disclaim, and
waive" n a
, say right to sham, and I not only decline to
make any further payment on them, but I require from the
company repayment of 2,8201. paid by as upon them,
and for which I have no consideratra. I request the
favour of your nraittleg this letter to the directors with the
least poesiblo ciday.—l am, ifte., C. A. SAraDiall.—" West-
boro' Lodge. Harrow-road, bth Feb.. 1849.
" February 12, 1849.—My dear Sir,—l hear from Mr
Rand that a misunderstanding has arisen from a passage in
my letter to you, to the dent that I ratertained doubt of the
South Devon half dares during the period that the Great
Western Company were paying their calls on similar shares.
I think it my duty to say that I had no reason whatever to
doubt, no ffid I doubt in any way the validity of those half-
dens until several months after all the cells had been paid ,
by the Great Western Company, nor, as far as I know,
until ethos connected with the Great Western Company
had paid their all ; you will oblige me by making this com-
munication known in every insure where my letter an this
subject may be seed or referred to.—l am, Ito. C. A.
SAIINDIIIR.W. Can, 710 q., 4/41."
The dragon bad done all they could to Induce Mr. Saun-
ders to take a di/aortae+ of the matter, but they bad not
amosedsh. As mien, therefore, bad been brought spinet
Ike; and be Sew shad his firm and conedentions convic-
tion—oopperted by the opinion of some of the best lawyers in
the
of the
whatever the matter was brought into a
ern of the gelidity of the half shares would be
establis , and Mr. elaterasn's liability confirmed.
Mr. HUTTON, the medal assignee of Bristol, ea roaster
to a doomed shareholder, said—Mr. Saunders wee the mem ,
tary of the Great Wotan deepen. No man in logleal
knew biter them le the astute- of dorm. He allowed Ns
own cionmeny to take a large err et this pr deter. '
sled; he wait is grain radii It hie all. rasa time
Ober am W*are eekesi
'sea sit Ml* the. aldjirase et the limbo aifte Ikea
the to
; ash at
last, when he sad Mr. Storms ware to the ma.
patsy to the amount of gat assay •V he attempted le
throw oft his liability. Ms. Somins was ens of these who
understood taking prank boil re pair loses. YE at
was not debt that any set a Arnim should ban Melded
Mr. Saunkes, as the directors e the re-land
had dose by throwing the veil over his misleats..=
wee the hags maser of 25,000,0001. of padara stock at
this mentor la the market, ash he At ray it was a most
starer est ferry mask use hrrard Is this wa ,to de-
stroy theta/id. Mr-Huttesebss thethi greso-
lution:—"Thuthismeethyi,thoesermestsamount
of espial whisk hag boas f in this country UM the
hither gememese or primers shares in railway companies,
learns wash Mame **gnat*. the attemptsof two default.
kg sharebiliders (Mr. C. A. Saunders the e.ratary to the
Great Wrier Hannay, and Mr. Charles Stenos, the solici-
tor, of Frear(ek's-place, Cite, Lanka), to repudiate their
liabilities is to the 261. preteresse shares, which if
emetrafel ramie dater dm Ina sod isiparilles tbo
Cre.greensiks•l6s realtudfileffill lia
-lannretold"lllanisit with' The
Imeeliel.se-
poshidisn sr Use Kistler whisk woad be di dsd elk
mei kW multi, wed to Inhere its holosisidas es
lre I.lhatbla 1111.711rh0 ill the
Viael
biowe amid& wad so peters Men .eery
....da iti=.larai .112=1:11).`"""
srox
Isr. WM. mamma shisks. and was quite moo
thst Ilheli=ifoulil *tit.
The mei asegaintsally that
the Oran Wmade a very swans mistake in giving
than praleras ere& ; it was a add*. however for which
the wide body of diners were 'gaily responsible with
the drams et the aoseekted companies ; and it would be
both ungesuress nerd warily, on the part of the dimities
Ist
by the shoreheidees, to the blame be thrown on
.}perm
deassolated companies alone.
Kr. W. if. HAIM:RR and Mr. W. FOX declared that they
had always whim Is the direction protested against taking
how Mr. Stevens these suocessive notes of hand.
Mr. BARLOW was sorry that the name of either of these
mama= bad been mentioned : they were not resent ; and
it was in dollarr both imprudent and unmet to mike
sash • rat a tuns when they were proceeding
✓aises than in another way—he trusted that the serer
would see the_repristy of witheltavring it.
Mr. HI:IMM would be lOTTy to bun any man's feel's.,
but Mr. ilandon wee the last man in the world whose
feelings amid to be osesulted ;he 'mild take the sews of
the meeftlitto whither the 11116011 should be withdrawn.
Mr. W.LOIL:rd. The radon was out of order.
It was • Erdal rabid kr a special purpose.
The CHAIRMAN would be cony to prevent the nes-
laden dem brag pu_ on say tecludcal
gaged whether Mr. llutlesi raid net ir eittteigt:illa
:gessipmend esposion et moral which he had elicited
Mr. RVNee to a dee es the want of order.
& would net withdraw the rosindon ;he
would rather it should be relined by the dahman than
withdrawn.
The CHAIRMAN feared then he had to alternative but
to decide (without exproesing any opinion upon the matter
of the resilient) that it Gadd not be pet from the hair, be.
cam it was irregular, and he could not take roe himself to
introduce a precedent which might hereafter lead to meioses
iscanenisnsa