The Express.
London, England, 1850-01-10 00:00:00

RAILWAY NIEETINGS.

MANCHESTER, SHEFFIELD, AND LINCOLN-
SHIRE.
CONIIITIMO OF INTIOTIOATION.
A meeting of samba:dere is she above hoe was held a:
Haab rough en Tuesday teat for the purpose of collecting
together ponies istoreated in the welfare of the company
who reside in Unman, Raiford, o_insbnough, and the dis•
than
The chair was takes by W. P. Bnansaaw,E.q., who
commenced the business by referring to the same which
had attended some previous swamps for the same purpose
held at Leeds, Liverpool, Menet Suffield, and whet
populous towels, and where so objecting whatever had brat
ands to the motion for a committee of investigation into this
argeousts of the company.
Mr. MORTON, of Wek,field, addrastd the sr,eeting at
tame length, and referred to a mestimg ..1 a portion of share-
holden holding a certain amount of stock, which win held in
December, at which it was admitted by the directo.s that
they Were in • very bad position, having not even money
with which to pay the interest on the debentures. They
had also stet• d a fearful incrust in the estimates. Mr.
Morton slid that one thing which ought to be asked of dm
direct urn was, why certain shares had been kept hack by the
directors until now they were perfectly sakes, when.
if add at the proper time, they wadi have realieed
350,0001. ? The tact was that only one reason could
be :given, sad it was that these shares were kept
beck, in order, had their affairs been prosperous, they might
kayo been divided smonast the share hol 'ers and their
friends. It. only plan for looking af sr their interests is
theur 'seinen was by a committee of investigation. such es bad
been productive of good results in the cm of the York, New-
cootie. and Berwick used other companies, where exposures
bad been made, where bypocri‘y had been unmasked, and
where week good is • variety of ways had been effected.
Let them sot believe the fine pr ones made by directors,
sad the specious pretence that the books of the com-
pany wen always open for their inspection. This was a
mere mockery sad • snare, inasmuch in the books were
so multifarious and so eanneed, that they would receive sot
the slightest asaistoneo Mtn an examination of them. He
had appealed himself to Lord Itirbur.ugh, the nob'. chair •
man of the company, and his lordship had since stated that,
in consequence of his education, his position it
society, and his parliamentary duties, he was not
fitted ter the head sit • large mercantile conceit
like • railway company, and that he felt therefore
wishful to resign the chairmanship next February.
Mr. Horton corendi d by proposing a res lotion " That the
disastrous condition of the company is such as impeeativds
equine th .t a thorough and unrestricted invistiration
shell be forthwith made into the finances, affairs, and pot
sad meant polity and management thereof ; and that the
unexpected proposition of the directors to app.; for an sot of
parliamest to stable them to create new prtfereutial stash
to the amount of 500,0001. is, is the opinion of this seectimg,
inexpedient, sad ought not to be prosecuted until sulk
inquiry shall be made."
Previous to the solution being put, Mr. GAMIIILL of
Ciamboromb, moved, and Mr. 01.11 MAN seconded, the pre.
Mows question.
Us bsiag put, the original »solution was earried by two
to ago.
A pquidtion was then agreed to, and signed by the par-
ties present, requesting the directors to convene an extraor-
dinary meeting, for the purpose of considering the propriety
of appointing a committee of shareholdan to examine and
investigate, and report upon the past and present policy, iitc.

MALTON AND DRIFFIELD.
The half yearly meeting of this company was held at
Makes ea Taesday last. The Earl of CULLY= was in the
The directete• report skewed that the receipts up to the
30th June. 1519, ammtuted to 132,52. n. 74., and use pay.
seats to lajess. lie. 2d., leaving • bal .nce in the bards of
Use beakers eit 2.1164 lb. lid. The report weat on to state
that the directors had catered into a fresh contract for
lonising a Saila line of railway at as expense which does
sot sword the miasma famished by the engineer. They
alee settled the arrears of the for —er comic& in a my satis-
notory manner, partly by pa; meat in cash, and the remain-
ing by the debilitate of the compasy, which have sow bees
gives to the costractor, to the imam of 27.0001: The
report of the engineer states that the works are ad-
vs:icing as favourably and as rapidly as the stipu-
lated limited= of expenditure will admit. The
capital of the company bas now been eatirely called up,
and 151 psr shire has bits already made papas. Or
the to sum of 180,0001. there has boon received in capital
and int. feet 132,4611., sad time remains due about 60.0001,
of which alias ono-ban is la good arrears, and will be re-
ceived belies the final call become payable. In Nuking the
boil cal at so nag a period betas it hut been =ids pep,
the direaon bass been guided soiely by a Watt to pro-
tact the interests of the company, sad the batefide share
holders maim a system which bas been found to prevail, of
tem.:aria; shares to irresponsible persons, so as to avoid the
paymest of calls, whilst in many instincts, the parties seek '
still to retain their pr 'piny in the sattpany. This has been
effected in a few listeners In this canvas), yer, at the present
time, the dimmers believe that the bed and forfeited shares
do sot gm:quietism 15 per crit. on tee total capitil, which,
under the late clicanistances of the country, the shareholders
will ant regard so unfavourable.
After some disciusiun the resclution affirming the
report was pat aad carried unanimously.
The Eerl of Carlisle, William Alien, Eiq , and W. C.
Cuppeitawalte, Eaq. retiring directors, wets re-elected ;
tad Mr. Whitehead was elected In the place of E. S. Cay-
ley, Esq., M.P., who resigned. Mr. John Smith was re-
elected auditor, and a vote of thanks to the chairmen
twa-
eluded the meeting.

PROPOSED NEW RAILWATS.—SurveTs are proceeding and
plans have been lodged fur the following ocw Linn : Forest
at Dean Central Railway, North Kent Continuation Rai:-
ma
_y_, and Cambridge and Shepeeth Railway.
Ment= TICILITS ov TR, EASTENN Usiox.—At the
annual meeting of the Dos Farmers' Club, held at the King's
Read Inn, on Friday last, which was very numerously
attended by members and friends, after the usual routine
business of the chi') win transacted, the following memorial
was adopted and unanimously signed :—" The undenignerd
members and friends attending the Dim Farm., n' Club. beg
to cad the attention of the directors of the Eastern Union
Railway Company to the subject of market tickets, for under
the present system they are induced frequently to take their
own private conveyance, when they would otherwise use the
railway, which they regret, as they are desirous of giving
every an.stanee in their power to the support of so great a
local convenience. They therefore hope that the directors
will great to this pleas the adv inters of market CA ts,
particularly to Norwich, Bary, Stosinseuket, Ipswich, and
Colchester, se they feel convinced that it would add much to
the interests of the company. as well as to their own sitcoms
=iodation." The following resolution also was unanimously
passed, having reference to the improvement in the corn
market :—" That the members of this club feel convinced
that a market hall, for the accommodation of the increasing

ems trade in the town and district, woeld be very de:
sizable, aad that they pledge themselves to assist to the
utmost the efforts of the committee formed for that pur-
pose
LONDON, BILIONTON, AND BOCTII Coast,—Tlll DITI-
DZND.— Ir.sterday the directors decided to recommend a
dividend of 48s per 1001. of consnlidated stock Mr the past
Itallye,r, after laying aside 15,0001. towards a rulers, fund
as aotified ia their last half-yearly report.