The Express.
London, England, 1858-06-10 00:00:00

SUBMARINE TELEGRAPH COMPANY.

An extraordinary general meeting of the share-
hoiden of the Submarine Telegraph Company between
Oreat Britain and the continent of Europe, was held yester
day, at the London Tavern, Bishopsgate-street, for the pur-
pose of issuing the remainder of the capital of the cot=
and also of increasing the capital by the Woe d new
according to the provisions of the deed of settlement of the
company, at such time or times and in such manner as the
directors may deem expedient, in order to awry out the ex-
tension of the company a lime to Hanover and Denmark,
pursuance of the resolutions of the extraordinary
meeting of the shareholders, bald at the London 4Caleirrn,
Blehopegate-street, London, on Weds's& , the 17th day of
May all. And also to take into the expediency
of converting the whole of the capital of the mid company
into stook ; and to elect Samuel Gurney, Yen , se a director
altos company._
Sir J. CARMICHAEL, the chairman, said the meeting was
merely a formal one, and its object was to enable theatre°.
tomb Moue stock, I. conformity with the resolution of the
last meeting, to carry out the new lima. They had the
power of inning the remaining balance of stock aranunting
to 76,0001., and they asked for power to create 75,0001. of
new nook. He concluded by moving a resolution confirms-
M 7 of the previous resolution, and empowering the directors
to Imo 7,6001. new shame of 101. each.

motion.
The CXATZIIaN, In reply to question' by ddierent share-
boilers, rid the directors had not the slightest intention of
isenieg the geese at a discount. The contract for the new
cake sad laying them down was 136,0001. The price of
the Dudek essesesion was 7,0001.; and 3,0001. included
the Hsneverfea sessuelon sea the preliminary expellees.
The steins um then ryes. en
A reeolutlan wpseud cenvertbyg the capital into stock,
and Mr. Gurney having Mu elected • director, the pro-
endings via the reseintien of thanks to the
oheirrses.

ORIBTANOBO 0? 7111 ILLUFAI IpTERZST.
Yeenerlay mernms a deputation bed an interview
with the flight Hon. J. W. Henley, Pt the Board
of Trade, on the subject of the .]bpd Oviedo@ of the
railway intereet.
Mr. J. Ewucr, mid the coedited of
sharibelders in different railway one • fed seenting
above half a slake. They th t p might to
lay down • definite system for the vitiate* of imordeees on
railway matters.
Mr. Loci; 11. P., refired to the coeflicting decisions of
pariliumourn committer, and said that there was a total
waat of conainm oat of doves in thole decided. What
the deputation wanted wee that the should lay
down sows basis for future looristka riot& t=ore coria- '
Piney would be given to them decisions. H. expressed him-
self in favour of the motion of Mr. W. Patten.
Mr. HADFIELD, M.P., complaised of the grow inlaid°, of
the passenger tax, and also of the mode of lwryiag the rates
on railway property.
After • few marks from Mr. HUTSON and Mr. SALIS.
zany,
The Hon. R. Dar rox refserei to a proposition which had
been made to Lord Derby by a previous deputation, of bade,
a ataudialt °maniere or royal cornmiseion to sit on railway
matters. e believed that would save a largest= of mosey,
anllwoeld also protect the shit.holder,. . . .

Mr. Heskiviald helms perfectly alive to the Importance of
the 'abject. Two subjects, indeed, had been alluded to. First,
with refirmee to railway legislation, secondly as to the taxes
on railway pro, but they had nothing to do with each
other. It eo Uapensd that be himself was the party who
proposed the so-called Cardwell and
He beheved
Le action of that board had been uniform and consistent,
at all events shim be had keen the president. He thought
they could not do better then ham the 'abject investigated,
and he had no doubt the proposed committee would be oom-
weed of men of eminence, sad each a plan might be adopted
as would give the public ineremai ecoommodatitmoo.=a;
tiro to the shareholders, whose property was m
The deputation then withdrew.
The deputation), at a later period of the day, had an inter-
view with the Chancellor of the Exchequer.
Mr. Locus, M.P., introduced the deputation, and, after
EOM oonvereation, in which Mr. Locke, the Marquis of
Chandoe, Mr. Spocrr, M.P., Mr. flyby, and others took
Wit
The I•HANCIILLOR of the EXCHEQUER said he had no
doubt that the state of railway property was very unsatis-
factory, but the remedy in this state of anarchy was difficult
to dadde on. A resolution of the house was not sufficient.

.—.-.-- --------.
Mr. Loci', M.P., anggeeted then should be royal com-
mission.

Mr. Broortsa thought the committee of Mr. Wilson Pat-
ten would be productive of ereatipod.
The CHANCSLIA,R of the EXCHEQUER th.el that
neither a commission ow a committee would give that
certainty which was required. He did not thfah, however,
they could do anything better than the coaernittes of 1863.
He promised to give the matter his attention, though he was
not the proper =Ulster to apply to, but he bad a general
sympathy with the holders of et gnat an amount of portly,
and wished that property to be prosperous. He would con-
fer with his colleague at the Board of Trade.

INCREASE IN THE ARMAMENTS OP FRANCE.—
For what purpose, or in what quarrel, against whom or for
whom, we know not, France is imsdoubtedl arming ca a
scale, with a method, a system, and a de don, truly
formidable to all her neighboure—whether, like oareelvev,
they hale the good fortune to be sheltered from the impend-
ing stone under the umbrageous brandies of an attests cor-
date—whether, like Belgium, Piedmont, and Spain, In the
oonacionews of their inability to rent, they Heat with no
enreasoseble trepidation for the net bowl et the taming
tempest—or whether, like Austria, they know not how soon
they may be compelled to fight for their dominiztaidaV:ta,
brave and welt-disciplined seamy. Frenoe is arm-
ing, and arming both by land and ma. list sray.
large, Is undergoing cnsiderable fixeren. She is jest on the
point of cemplang a railway which connects all her
military station with the fortification of Cherbourg, a poet
constructed at enormous pains and at vast expense, and pre-
seating every facility that skill osa devise for the simulta-
neous anbarkatka of wry large bodies of troops. Francs Is,
beside*, busily ganged in the contraction of a great steam
lest, armed end propelled on the very best and newest prin-
ciples at present developed by the art of war ; she is gather-
lag up bar colomel elrangth, mad would appear to be on the
eve some vast esterprise, is the prosecution of which that
snag* is to be pat forth to the utmost. Not only is the
military skean astiessly elnagthesed and bordered, but
it is beeinnin to amen a predominance over civilian which
shows itself more and more every day, and 'aurally mane
as anxious about ear retains with a onaby In whibh the
Masao, is so erreapktelypeeend down ley the superb, weight
of the military does.— s.
RATTLINO TOR A VESSEL.—A somewhat upland
mode of dispadug of a ship is sameaseed to km. rei pee..
cords se timidarlead. The Lady Doody te amy bendy
brigantine, 138 tons. and carrying 210 time of we* Y to be
alepemd of on the 29th Instant, at BartiepooL There are to
be 1.200 eabetribers, at 10s. ed. seeb, el* 11 divides&
amounting to 1201. The ”weel le said to be worth 6001.
Y. Rd. per *bare is required to • &peek when the storm are
met paid up in full, and the wlssere will to charged 5 per
mat. for espouse*. 15 this a ly.l trammetio• f What is the
Marmot balm% it sad a wheeled Orrhsee—Nteresetie Ex-
pletive,