The Express.
London, England, 1858-08-11 00:00:00

WEDNESDAY.' EVENING, AUGUST 11, 185 g.

BASTIAN STEAM NAVIGATION COMPANY.

An extraordinary general meeting of the pm-
et this compeny tam beid yceterdny at the London
anry to nosh* end comider a report from the court of
Ombra and the tommittes at don, am to the best
mem el raking the sameemy for fitting-up. furn
ing, owl ptityaring the Great Realm (Leviathan) for ma.

lb. H. T. Hors presided.

The ilanavain reed a stationat to the Moot that the
dineleis bad held two embreaces with the oceszeittes
of and had embodied the result in
the report :—" me committee having met
the directors at the aloes el the company at
the UM sad again on the 28th July, and Meowed
with dm vernal peoporliens for extrlahting the compeay
from its pvanat it was unanimoasly resolved to
submit the following recommendation to the proprieties :
• net It is the opines of the committee net the Great
Bastion steam-ship be pot up for sale by public notice, and
that in the event of say offer being made to purchase the
vessel by private ermine', power be given to the court of
dizeolon to accept sere sum aa they may think fit.' "
The Czautent mid that that was the result to which the

coalmines of ashram sad the iieeTanoilii acme,and all
he hed to do wee lo mom that the repeat be received and
adopted. It must be isdastood that, in shoptieecing in that
propene the rift would eke samisen in the sale of the
ship ht the =maw sue, Pearls some shareholder
woah eetheld the etheetheth

There berg ao broodier impasse to this appeal,
Mr. TAILOR objected that the pn?portion amounted to
onidds. lie had hard astir, le jrafy him in reverting to
snot e slop, sad he could conceive nothing ao
Withrow lira to pat the ship up to mono&
Did they suppose there wen a dozen coin in Leaden who
were In poetise to come forward theorem mod bid,
100,0001. ar 160,0001. at an suction, or raise an orgeabetka
for rabbi that sem for such a pose f Than would, in
fact, be no orepotitka, and the riWt would be to &predate
the arty' and to hand her over to eras one or more in-
divldes as their own pica The GOMM"! Saw Company
put up their vow& to suction, with • remerd pairs of 111. a
ton, sad the resat wee to depredate the o=r4:4hirithrt
Arbor • eels. It would be t3r seas with
"weld he a reeved price, at which she would be bought la,
had pedgio, knowing what that emerged pries=
would kW below it, end the merbet rimed re Alp
ha reared be masequroa. lie thought it would he better
kr the shershelbes m mast to pay the current expenses
for erne time haw, when primps the government would
come iterwerd sod the ship, boa to sell her, end
is th• which would. diet, leave the sham
holden the tames el gegiag beak • shilling of the
money they lied agsaid. (Hear) _ _ _

Fritar shaded vitelhoir the- poposidea el the dirso.
ten sad the ecorsittes
the sresupencatiodisseteeL Ha bad
sot bora able to attend the of ameilles, bat
from whet he hid 'educed at a 0:41111M1111 held that
amnia& he eadeislood that terteta debts vim des area the
ship width land be apart bared that the mean mit
be provided hr D her thry lalesited te keep her
la their own bad beta made to
Mee the readied tads, bat theyst=ihiled. sad it blow
seeessery, thershee, to devise sows admen a psi Sc the
Wades. otherwise the vessel wan be lieW a to
tabu sad sold hr that purpose. Ne apprebeeded
that what lie upset aiseat ass diet eatherity should bs
siesa to cults the proptety to the best adventure, 2.1. m.
parley that the shaseheiders vete set liquid to
dr seems I. reillbkij that pesumety ia their eeraQr,
bat Chet we aheeldi be gives fir ergemisisq• teuspusy,
=say sober el the sheriesidess be Mersa to tam
sad hen molt as orgsaiesties, to nem the ship
Cross the Me whisk vas loperlbur over bar. No docht •
We by pubis asesdas would Weil • caratiosabh starillos ;
but eel so peat • sserlioe as would arias hem a toned sale
at the bratesesel sadism . .

TN Carawithir—The theoraresedatics of the report is
that the ship skald be soidaeliganotinis, hat that the dinoton
should hare the yowling and if they thT4irits
right of soesp& any car WA be teas pri Is
the zassathes.- There were apowes rain on, and
were, besides the reertgege &Wad* en ripen arcoode wed
papneat of width coal ad km be deleyed,
aid if mans were not taken to it tiles was a
probability that ths alp would be by caw barb am
their owa. la arta bar up to rill_,aring as alel.
abh private aerate made, and so kat a vat
metuthee, they
_would have the paw at Isla • te'''ed
pries, below whisk the as shoal/ not las platw Bass time
Is the soma of Nam had been talked of se the pieta
whir as alp should be put up to motion ; that wank, shed
male situ tem body of the shareholders who be
arra to a a le eons foram! with some lea
=lMltediktasudVe:lt ktaaa=rersaLads.
Ms atededs boll iris several wash to the shreheiders to
who the :hat has saret asersha for pay-
ing ale date sod flag the slip for sea,
bet, martrway, try bad sot raepontird. They
woo war to this pottae, abet wag art bo raised to pay
se as Isla whisk hal been WOW* and If it was not
forastase ahoy* the veal ma be sold. He should
be eiaar shareholder who woad strike out • muse
it Ilan trona their Masa* better then
ast villa matted efforts of UM ilmetere ad ae ow.
arse hat turalted in. The adoptive al the report would
apeavont ths readeration of any oast awes that might
Itiliftlitz whited to know whether lar. Magnoia pre-
pea bed been taker tato consideration by then board and the
essalltee t
The CHMEIXAN coradered that proposition simply absurd.
The proposal was AO the ship should be sold for 90,0001.
[ear. s3' No,
_selimst.] The money to be paid was
90,0001., and 160,0001. was to to rained for fitting her eat.
But if that over was rapid it would barely pay off the
debts of then alp, wawa haft • sou for the Mend then-
beam Tbsurarei to the future profit aloft the
wand What theoriginaloonpany
r d
eesli=ard Omar= art {pens, what chants was that
of Oa a etas al saw, air fa to bay boa the skip
st a berm sill psr eta IP , _ _
ILL HODOIIII having osendol as altar's 21•01•111111..
n▪ il.. Ttyatia nod Mt. IWisbatretiatt, den.:—wits
&torn litssa Navigate ' to dive in°par ' a
me mat Se N_Ml.k ility company was
ibilowleg andlilas : 1110,0001., to be god—
UAW. am i debrara al other Natal* at On
' =Clall MAK Io Sad' ass* det mut al to
Veisrathr aphid, The alp to ho sallosail to sod
eater tbe 11114=4:eill arli walawarier To sow
17=7 a dr re obi provra
ha motel tor sei ilislithilz.
bb
allkiliswerallt: AS . .
TM di
reilthiVlllll‘4. .anitimilii*Mliesiluree"ar as P"k
oil arsi....
Is
wow ~ hi what 1117 us toad purebase-
mew ie by the aM essepay wilt
_be 2N
Assn leo be tailor MS; wee lito
mar ea la theirw2rL"
May a this le
dam to Ur alp
weal twill asarsehelders weal
1 supotal •Ihrfid soft be nady far 1
ii• • and it •air era dips between Panora
eadthe Tear liaL Illbsafkore peat.
Be meal as bil Meat but i
nell B
aal
111** • to rove the
be ad oreabstenthe serkar.
r. FILL• aen#4lol, tim sernawed tab
soma hoderstelasealsit blo
Mel dr a by ar tab mime as 2PealLot
sa
co.epostioseadthserstlitradefriebeMentoir
regazims•ls belioredisroil!..,
maenad. a
aid
foam • err orrosay to purchase her, alibis provide the'
may map. thew hr hair beer out.
Mr. Baum, a dinar, ache fa tsooer of •tbeLe
artiathe to 001 the ship by public aria *I
the dinettes oral do bed bar fonawiehz ewe
with debt, ad it wasit4•o to
debt. if gentaat to avoid theingrAd
.... kraal sad the wasp to
lithials• Bs btlisted that If It were *ea
the alp wee &boa to be ad, lbws Ira 3.
hear in the scat'} to laved iteaterg_
of
ai •
of thearres at i fte. Ho sad art Wises tbot •
weal be wesq:6ll,6oo was to Morisad, ha*
Ilsotha to the alp Is Mal leads Air bete
lessoliZastb:p7l wars by seaseribrea • 1
of U. seek. • gurisera had soda of the
Darer a stoma sot Noah( as ererred 11 doe
at W. a tan. IL • to 1 Why, all OM our wawa hare
was 260,0001. *pc, ems. The pare read by Mr.
=swot not 1 ke, but =001•1111•16 Thera win
ime Alb ist All due it aid sue, w La us lay
to a math, and! we succeed we will as tom to you."
Mr. Ttirtou ashlars ea aaradatent that Ibis Maar
phdAss leaf to appeal the proprition of Mr. Moira
1131•1 sea retort to pat that, learachas it
our ao ease at iB. He abed awe to lila *halo'
to watt for a •••••!--d••• Sy*: the trade et the slay
far tint thee—taboatimetay rearm* tat sag
woad thee Us dells a
la I. Pawns • :Isolation to setaltute the pro-
posal referred to by la, is the report was the meal.
ddisoidlnary ate thatbedlose_ saraleedto a plathwegrago,
aid !tit at adopted the abablem and now aria 10,
see • farthing of their money hack.. _ , . a. , , 0
Ur. STAIILING moved, Se •• ININSOMINIc (halt
tors be empowered to essodate far the sib of the
mar or stberviss, or kabala. bar; bet tait by
area should take oleos bate Weber, as ad 41trofir
that slat be ads omit to abatis& to alalleadsto
bare it wee averted.
Tits CIL•111131•11 tweerka that that was ' la,
swot a ilw Masai alto *atom
Mr. Coos arrested Mist the ..tubed egad Wight be
raised by sr total air abuses, to has a redraw divi-
dsmd pr a meal* liar, and to be rehreehle by arm of a
ilakists_toid.
Tbe Rev. Mr. Numozeos gamey Moseedsd • sae by
all arraall It it are s3aalpid be would apply
to dr Caul a Canfor a Waal' ID rearm' IL
liticretattal%ll tho oil. v.°4l WI 1110 at heat
weld
Llama
the
that the
boa m of thet
✓hea tor priag the ocespay re of * la
hiet, ernateanneo bad beta
,astaitiefi to
the beet at whieh, w he ea .oes '
43:1
the alp 'bald be oared to as MOW • at •
price that would pay of the mesa date at the elespory,

and that they should raise the money amongst tbemelm
to fit her up and earn an income with her.
Mr. Carr seta. (a director) said that that proposal had
emanated from him. lie felt that without a strung pressure
upon the shusholders—some powerful incentive—they
would never raise the money ; but if that pressure end in-
centive were provided, the money would be forthcoming
either from the shareholders or the public. What he pro-
posed was, to form a new company from amongst them-
selves, and to mall to the new shareholders the ship
as she stood for 90,0001., which was the amount of the en-
istbg liabilities, and sites-wards to raise from the same share-
holders 00,0001. to fit her a. ready for sea. If the original
shareholders would ease forwerd generally, one-fifth more
then they had already subscribed would be sufficient.
A Bil•announia—The remit of that plan would be to
confiscate the preprety dell those ahareb who had not
the mane of taking abases in the new ompeny.
Mr. GITZDALLA staked if it would not be possible to raise
mosey to pay off the more preening of the debts by a farther
mortgage on the *hip P It would be • pit to force a sale
now, wham shipping was in a very dep state.
The Camel/mks—We cannot borrow any more upon
mortgage than we have borrowed already. The whole if
the 90,00 W. does not press immediately, and if the share-
holders would mere forward with 40,0004 within a week we
might get over the difiloulty, but not etlienrise.
Some ocinvinetion hare mom about the form of the resolu-
tion, and ultimately fir Maims& cosseted to pat It in the
wade, "Thai the repot be reselved."
This ma owl* there being three diseniticate.
The CIUMULAN then moved the folio • ins resolution,

" That the direeMre be end ere thereby authoT•i;ed to oxalis
offers for the pureham or Muter of the ship, sad also to
edvertiser bar for We public mega% ta the meat of the
failure snob asßoi a; end I. the Ossatime to rates
marry on mortgage, by Deferrers shares or otherwise, on
such waiditious as they may think lit ; but that no privets
We be made by private centred without the mama of a
publio montag."
Mr. BAK= having seconded the
Mr. TAYLOR objected that no saleVilio =Oki= could
be Medal apt to some penes who a dohs upon the
ship, sad the diu•Mtre would get, nothing. He moved to
omit the words " by liable sustion.'
The aramthaint was moosided end put to the roasting, but
was lost by a majority of 22 votes against 8.
Tha original motion wee Min carried, with only three illa-
seatkats.

Mr. GU ALL inquired whether there weld be say
objeotka to rweppriat the committee at oregerettaa, which
wasid be maw eweemery low than ever.
Tlr at taxam—Name whatever.

eh J. PAXTON moved that the eight gentleman who
formed the omismittee ot cossnthWon be re-appointed.
Mr. CANTBILLL rounded the resolution, which was unani-
mously edopted.
Mr. Pismo waggested that a meeting of the shareheidene
to consider the politica at the compeay be called at se early
peek&
• EINAIINNOLDI3I "lOW to know what were the current
amuses el the vessel. He understood that the captain
wee receiving a very hrge allowance ; that he thought
wholly unescamery =dm the eiromistancom
The examines meld mot without a return mums the
quietism as to the ourneet espouse. The captain wee paid
wader aa agreement which weld exist for about eighteen

months klefee.
A Tote dumb to the Chairman concluded the Indium

works ego. At our market thls morning we had a moderate
chow of wheat irom the grower', and although there was
not much offering from the collet the extreme fineneria of
the weather Induced great caution on the part or
the milers, who purchased old wheat very sparingly,
even at • decline of Le. perzingextra, Norfolk yam,
only making 492., whereof en beneath that quality
was omparstinly nsiti/oted. New was inquired far, lea
the first arriva/s are likely to command • reedy sale. Plow
wee someely in so ouch favour, but in its value we game
little 'Madan. Grinding barley held firmly, and the same
remarks will apply generally to spring corn.

•- .
BALTBBORT, AUGUST 10.—At our market this morning
the supply of grain waa short, sod the attendance of buyers
sad farmers limited. In wheat there war but little business
transacted, which mintained furrow rates. There were 80Ms
good samples al new wheat exhibited, whit* mold at 4a. dd.
par qr. Is barley wiry little businiss stirring. and we did
mot hear d ray new empire being oared. Malt 'Seedy in
damask sad pekes 'imitated. In other kinds of Irma
thaws was bat a nominal business doing, at former rates.
Wheat, 40e. to 47e. Barley, 30s. to Me. Oats, 28s. to Fht.
BMW 40s. to 60s. Peas, 46a. to 645. Rye, 30a. to 40s.
Tares, 30s. to 86e. per qr. Flour, M. to 88e. per sack.
Malt, Ba. to Bs. PA. par bushel. The accounts of the harvest
km veriest' districts amines, cm the whole, to be ferm-
atas. The in-gathering Is proesedieg ististeotorily, and the
yield gensrally bids fair to be an average.

CATTLE.--Bausenitx, AUGUST 10.—At OUT market
laskl tkis day there was, for the season, an =usually large
supply of male, meetly of very superior quality, and the
attendance of dealers and ooluary batch= wee large. Best
sorts wire ha &wad, and a =arenas was readily effected at
last inerlua's prime ; but on the whole the trade wee dull,
et rather easier rates, and a good number of inferior
animals nmesined =mold. The number of sheep end
lambs penned was aka very large, and although
badness was not brisk, a good =went of sales
was laded, very few remaining unsold, late pekes
not being departed from. Calves were in limited supply,
which meinlehaed former rates. The inquiry for pigs was
not by any means extensive, and prices remain unaltered.
Best ox beef, 10e. 6d. to 11a. per more; cow and heifer, 9s.
to 10s. 6d. ; best Down mutton, 7d. per lb. • other breeds,
Bd. to lid. ; lambs, 7d. to Bd. ; veal, 7d.to ; dash pork,
6d. to 7d. ; malted ditto, 60. to ~
70.8k= and Be. 6d.
to 9s. per ours; green bacon, to . per lb.; dry ditto.
910. to 10d. • sweet pickled bans, 1 .; quarter oM store
pigs, 16a. to 911 e. each; suckling calves, 16s. to 30e each.