The Express.
London, England, 1851-06-05 00:00:00

RAILWAY MEETINGS.

YORK AND NORTH MIDLAND RAILWAY.

SPECIAL MEETING. - AMALGAMATION WITH

THE EAST AND WEST YORKSHIRE.
YORK, WIDNISDAT.
A *laid jimeral meeting of the shareholders in
lb, Tad art North Midland Railway Company was hold
at w slalits twig, to take into consideration two sine-
awls alsd Istolstwom the dimmers at the slid oar
sad the ass.= it the Ease mad Weartsrhabirs
Osmgm, with Moreau es als
slaw lli=ogissa imal mammy. sot he =r-
at the squad st the East sad West Tosilithirs
with AM at thi Teak awl Nook 1111001 d
470.-
posy, sob amigneillso be malema sa set
sif pm sod to seairsa sod sag diffirehl arm-
meats, if approved by the sharehoblow.
The CHAIRMAN (H. S. Thomism, Esq), said that
those who were acquainted with the district through
which the East and West Yorkshire line purr , and •
with railway management in general, would not re- 6,
quire mush persuading that it was a desirable thing for
*he York and North Midland to be connected with le
the 1 sad West Yorkshire Railway. Take the case 20
stilanagste, for instance. To have the traffic from York lil
M fast pbme, by both routes, under one management,
susebi amble them, with Sewer trains and less expense, to st.
Stabs as moth meammsdatisa to the public. By look- is
at the map alone, it would be seen at once that York SO
Leads were two of the principal towns connected with
the Tusk sad North Mani line, and therefore possession
stem Ira and West Yselmbire Railwarwould be a very „It
—pay. The only material Is
=thessiblis was se to the terms on which seek pea.
salsa seal be shidasd, and he had great pleasure in II
Wien behre the shareholders these agreements, which IL
muse hmadsil atziagrinciple which, if recognised sooner, all
sad sad egos wsyears ways some ago, they (the mil-
ways) MOM at
vs been reduced to the position many of to
them were now in. In this case, instead of guaranteeing a fit I
high rate of yet ssatage, they proposed to take the railway 9,
on equal terms-dkatboth companies should contribute their 12
earnings to the somen stock—and receive their dividends ft
out of the pleas that were made. Instead of paying it
the East and Well Yorkshire shareholders a fixed rate AO
of dividend, they weald proportionally receive the MI
same as the sharsheiden of the York and North °L..
Maori Company. He believed that this was ;
the menden ydoeiple that could be adopted, uo
awl having stated gmarally the terms of the agreements, to to
While the East sad Weet Yorkshire shareholders have al- nil
no* 'ma their mama, he moved that the agreements 10
Wt batman the directors of the respective comps-
BMW onnikeeek gad that the seal of this company be is
afoot tharete. me added that the directors proposed next it
sure, OD apply to parliament for an act of amalgamation, 10
and to the meantime they should work the line upon the Sti
sues terms as if the amalgamation were complete. 50 1
Mr. WHINCUP, a director of the East and West York- 111,
thin, in answer to the chairman, observed with reference et.
to:the dispute now pending between the East and West Si
Yorkshire Company and the contractors relative to the via- et
duct at Knaresborough, that the directors had every reason 20
to feel confident that the decision would be as low as had tats
bees anticipated. The sum in dispute was from 16,0001. u
tit 17,0001., but he believed, from what was stated by their tf
air, that they would scarcely have anything to pay.
r PRICE seconded the resolution for the adoption of It

10 I
the agreements. SO
Mr. RAMS} Y considered it wu hardly to the interests is
of the company to confirm these agreements. He put it to sk,
the direeton whether they would press the motion, seeing ss
that they had a suit he Chancery with Mr. Hudson, and 10
an cepensive arbitration going on with Mr. Crewshaw. The 10
stating wan a small one, and he did not wonder at it,
he parsons must be sick of railways, and of the present ma-
-gement. He protested against the motion. Mr. Worsley p
was sitting at a charge of 10 guineas a day, and he believed 1:1
he sat only four hours each day.
The CHAIRMAN said that was a matter over which the 10
directors had no control.
The motion was then put and carried, Mr. Ramsey being ly
the only dissentient.
The CHAIRMAN then moved for powers to apply for le
as act of parliament for the amalgamation of the two com-
b
ponies.
Me. lOWETT seconded the motion, which was carried.
The meeting then separated.

MIDLAND RAILWAY.