The Express.
London, England, 1859-08-22 00:00:00

(Stamped ld.. AdditiimaL)

sod t eiltreotors.,_r!lerired him:topricar, s.usit2ipse!laa".ut

inincluds everythinjr that build bi riquired to St the ship
Or sea. The speodicetioas be then drew up were most
oorepmbenaire. The tenders obtained had been submitted to
him, and he found that Mr. J. Scott Russell declined to
modify or reelect his previous tender. Wigiam and twee
had sent in a tender strictly in conformity with the sped-
Bestial. The amorist was 142,0001., which, with 20,0001.
added toe tbe cost of completing the engines, &c., would boa
the astir cost of completing the ship to the extent contem-
plated for the first voyage. He recommended the director.
to make snangements with Mesas. Wigram and "ACM.
and be thought six menthe ought to suffice for the work.
Mr. Magma proceeded to reenerk that if this report had
been totted out, he would not have been under the nesessity
d now addressing them. In Felnmery last they lead
numerous tenders in accoroance with Mr. Brazes ipso&
I cation, one of which was, In face, scoepted, but afterwards
got rid of by an extra-official negotiation. Notwithstanding
his protest spinet this proceeding, end spinet the advice
the engineer, the board dented moo a coatract with Mr. Scott
Russell, which was still more objectionable then the Seat
one. Considering the announcement that the vessel was
now ready for ma, it was, he supposed, assumed to be nearly
otncluded. It wee a matter, however of the gravest im-
portance to amertain how fez this assumption wee band
ou face. Prom the beat intormation he ,had been able to
pinnate he had arrived at the conclusion that in some a-
vow, the ship was unfinished. and that • great pert of the
fitting had ban badly executed with inferior materials. He
submitted that no further Lou* of shares should be made
before theme matters were investigated by in independent
bmittee of shareholders. He deemed this of the more
ortanco'bechnes ha should *howly resign. kW seat et the I
board, on the ground that his efforts to mem the interests
of the company were there rendered nugesE, ,sad he had
no confidence in its present management, was satistiel
it the present contract with Mr. Russell wae
doncluded without such investipdoh 10,0001. More, at least,
would be required to be expanded in fittings doe the ship.
At the general meeting in Febriesey last they wen told that
no further capital would be required, and he affirmed that
no
met- rial droomatanos bad weaned in the interim to
make that neoweary now which was not so la February.
The neon city for issuing the 30.000 reserved abates seas
entirely from the supposed &Scotties attendant upon the
insurance of the ship. The directors appeared to assume
that an Maumee could not be effected, but, as he bad elready
said, he had prepared and matured a plan whereby that dffil-
salty might he overcome, cud he was ready to submit ft to
the committee for whose appointment he asked. He trusted
that the ahersholders would pees the amendment he sow
moved, vie.:—".That a committee be eppoisted to swan,
and report, fleet, whether it is now indispensable to Woe the
30,000 reserved shares in the company, and if so upon what
terms secondly, whether it is expedient to seed the ship to
ma unlimited; end.thst the committee have power to inves-
tigate so much of the management of tea oompetty's affairs
as may in their opinion affect those two questions."
In answer to a question from 6 shareholder, as to what
nee Mr. Megan thought the yew' would be Mewed at, he
said probably 5 per cent. for tbo Seat half-year. It would, of
marry be mud lees the second half-year.
- - • • •

TheCitsititsic said, so far from tie dlrecters being com-
pelled to swept the slip as finished, witbunt say reference.
'he maid sotto accepted without the decision of Mr. Brunel
sad thrall other moss minima engineer& (Hew, hest.)
. .

- A Paorairron said that MAW than there should not be
the fullest discussion on this subject he would sectmd the
motion, though he entirely dissented from Mr. Megan..
They now haw the worst that could be said ageing% the
directors, and it crime to this : The tender of Messrs. Wipers '
and Loom wag 142,0001., with 20,0001. Walnut for the
engines, and the work of completion was to take six months;
whereas the director. had got the ship debated in little more
than three months, at • coat of some 30,0001. lam (Hear.)
Mr. JACXCON WOrdi not deny that Mr. Magmas had had
ocasiderable share In originating the new compare y ; bat
this he might say, the largest shareholder in the old one
would never have consented ui sell the ship if he had known
that Mr. Mean= would have been the colleague of Mr.
Campbell. He (Mr. Jackson) had been asked to take part
La the management, and he had yielded to the solicitation of
friends ; but he could WWI the meeting that he had never
lived in each • hell upon earth se ha bad during the last
four months, owing to the conduct of Mr. Merinos. Mr.
Magnus had been told at the board that he ought to bring
forward hie charges or resign, that he war no gentlemen, and
that he wee • liar, which he had not attempted to rebut. He
. had never met the equal al Mr. Magnus for the coolness sad
deliberation with which be made these charges.

A SHARZROLDIR put it to Mr. Jackson whether it would
set be bath to avoid drifting into a personal quarrel. (Roar.)
Mr. JACISOM—WeiI, ha would drop it. Now, if there
was any man !tannest, objected te, to take the comptstiou of
this ship in band, it was Mr. Scott Russell. He stated so
when they were negotiating the matter. He tout into consi-
deration the opinion of Mr. Brunel, and thought they ought
to defer to his opinion. He went to Mr. Brunel, to own-
piny with Mr. Campbell, and told him they hoped for
his co-operatioo, and that they would costume to work
together as geoffsmon should, with the fullest confidence in
each other—that they could nut make a surtout out ot cloth
saffident only for a dress coat, and that u they had only
330,0001., he mint cut his con according to their capital.
Mr. Smoot promised to doso. He wsa at that time obliged by
lb-health blithe for theNlie. With regard to Mr. Withasn's
tender, he (Mr. Jackson), as an old shipowner, met so May
detects en it. that after gong minutely through It at Mr.
Bruner. office, he was Welled that it was uspootiblo to '
accept it. At least 30,0001. would have been required
in extras. Mr. Lathe's also wes equally deficient.
He was told by other parties now that it would have been
a very warm contract for Wigrani and Lucas, and that they
would have been saddled with 30,0001. or 40,0001. for ethnic
Mr. Rumen had the completion of the great engine in his
hands, and no other men *mid have finished it. They wan
therefore in his hand., and being so tar in a fix they meatier Mr.
Russell, and after grestdoubta and great deliberating it was
agreed he should have the work, on condition that the contract
should be taken is block, that the patient nerd should be
the Cunard line pa lots and the Royal Moil Company's ves-
sela, that the ship should be fitted for 000 pareagers only at
first, and that the hateraid fittings should be aubjacit to the
approbation of Mr. Roth. Macalinont, who kindly undertook
to superintend that part tithe work. Re (Mr. Jackson) then •
said to Mr. Russell, teat as his difficulties hadtwonghtioth on
the old company, sod delay in the ship, they man have
abundant security fur the portormance of me contract, and
I without that it ass no use for him to come to Wee again.
Well, they hod the secant, of Mr. George Wjlde that the
contract should be duly mewed, and they bad a refereere to
three referee of the highest authority, with that of Mr. Mao-
' almost, for the internal fittings. And now, instead of the
work occupying six mouths, as Mr. Brunel anticipated, it had
been completed in four mouths, during which time as notch
work had been dolmas wee required in building •120-gun ship.
They had all seen her, sad could judge whether the allege-
' horn of Mr. Magnus were true or not. (Cheers.) If any
men had ever retrieved a position, and come oat gloriously,
it was Scott Russell. (Hear, hear). The work he had
done was Incredible. Such en example of what could be
effected by the oombitiation of mind sad muscle was to:mut-
tered. The pattern card, as he had rW. were the ships of
those two great cowpoke, sad they had the reference to the
three men he bad shoed to them, with Mr. Macalmoat,
for the internal fittings, as to whether the work hod been
properly performed. (Hem). Not an hour had been lost upon
the work; OWN) precaution had been taken. They had
kanglit their capital within a few thouthada of what they
had told than would be required for the completion of the
ship, and It was his belief that if they had put the wort in
en y other hands the attip would not have been ready for sea
till next spring, and that she would not have come out under
140,0001. Thar of ate bad bees hourly and daily exerted
he the success of the undertaking. Their chairmen even
slaps on board. He had never sun a man so devoted to
an *notes Mr. Campbell wee to that. He had no children,
sad belied made the ship his child. His efforts were as un-
tiring sad his said as strong as ever, and soon he would see
Me seal etheid is the soccer of the ship. (Cheers.) They
sow had took chew sas theee brought against them. He
wee now separated from hie wife and family at a time when
be looked for to creation, after six months' attendance in
parliament; for having accepted a duly, he felt he ought to go
three* with it. But he should be glad when he was able
withdosw, and it would be a proud day when be eaw the
sill go to sea, end ootmld feel, with hie colleague& that they
holder that which others had tailed in doing. He would
sever tear to moot Mr. Magnus anywhere. lie might throw
diet et him, but he felt that they (theshmeholders) would not
be it stick. He felt in his own COOMRSHCO that it oould nee,
and !heroine, with his co-directot a. they placed themselves
is their bends, and inked them if they would allow them to
be so charged or not. (Cheers.)
Mr. FIRLD thought that the case for a tommittis had
wholly failed. (Hear, hear.)
Mr. TAYLOR end the meeting had so mans of judging be-
tweets thematemant of Mr. Magnus and the oounter-statement
of Mr. Jackets'. One charge made wascertairdy a very serious
OM. sad that we that this magnifithat skip wee not, not-
withstanding all the labour sod entity upon her, worthy of
being sant to sea. (Laughter.) !Inch a charge ought not to
be permitted to go to the world without Investigation and
conned's:Om It was ridiculous to expect that meralthate
woad seed their cargoes by the ship If each aa impression
got abroad, and the underwriters would not insure the vessel.
An Inquiry °ugh* therolore to be at once set on foot, in order
to satisfy the public that the ship was not only sea-worthy,
bet the most tea-worthy ship *filth (Hear.)
The CHAIRMAN MOW simply remark that if the amend-
meet were carried, it would prevent than raising the re-
(joked capital to thud the ship out.
Mr. Alderman Rose said he mast wakes bh strong en-
vied= that if the directors did sot mere their feelings
end sourest to thin Inquiry, afar the statement. mode there
that day by one of their own hoard, the remit would be
moot dantsg•ng to the ship. (Load grin of " Nix")
Mr. HAWK% bad never known a abasseitheo et tugdry
that did cot do a greet deal man berm than good. (Rath,
bear, sod laughter.) No see thavineed that the only math
of the appointment of this ethentittas of iuqulry se seek a
juncture would be to lojare the ship la public estimation,
and do a great deal of injury oitegither he wets.

LTWOPENCE.

(Rear, hear) Their @hip was just ready to go to s—ea7;''-e—md
was there anyone in the world, who had seta the Grass Wo-
tan, but believed ehe was the most beautiful so well eddy •
strongest ship that WIT was built ? (Maar.) Bat who was
it that raised a doubt, and insinuated that the ship was
gal to see with a bed character 7 Why the gentlemen
sbsseholdera who made speechee like that.—perfitg
away her character—by Mr. Taylor. (" No, 14." 60/13 Mr.
Taylor.) Suck was the foot, andlinaMarin instead of a com-
mittee of inquiry, ha asked them to have 1:01144111411 in their
directors. (Ham, hear.) Then bed appal tireute teller*
managing &rubes, sad no ships meld he wombed with a •
profit without that was the era Nereids's& by the advan-
tages which the Peninsular and Oriental had over the Royal
Rail Steam Packet Company. He certainly wen red he
wee 'armload when he Laud that hit Mend Mr.
Scott Rowell bad the contract, sifter whit bYlf Meese to
Ankh the ship ; but be beldevattbst from s I ha had beard
he had discharged the duty most faithfully and honourably,
end with credit to the company and Memoir. 11110011/ OKI
Wl4 the shareholders not to take • step to damage their ea}
best interests at • moment when it was clear that ountlikdo
and ultimate success was before them. (Chews.)
The amendment was bare put, sad about rise hands we*
held up In its favour, and an onerwhebniag majority
The original monution was then put and curied unard-
mouldy amidst loud applause.
Tbe Cranium suit he had one other reedealion tops*
posit, and that was, "That this meeting approves of the
directors hiking no steps to insure the company's steamship
Great Eastern for the present, and theta is Wt to dm ohm•
itito issue their ea se they think fit,"
rl &ar
ACLBON said he had much pleaaure in emending this
sesolutiou and in doing to be would only remark, in trim-
some to tie; obeervations lianas had fallen from Mr. Taylor
sad other gentlemen, that there was no doubt but that the
Great Rasters was the sucnrest ship that ever was afloat.
An to inenranee, he could cal say head not Intend to insure
hie ahem. (Hear, beer)
The resolution wen put and carried 'tem. oft.
The Cale complimentary vote to the daemon and dlregore
etealeded the bertatet.