The Express.
London, England, 1850-06-25 00:00:00

Mr. GAINBI,OIID—If you will allow me I .will pursue
tasix:
topmasts' mode of debuts'. (booziest laraghter.) Am Ito be
A lIMAREMOLDER—No, you are not.
Mr. OAINBPOMD than retired amidst proem and hisses,
and a of - him to Lswaster AWLS."
' A 8 OLDA7L—My lard, I wish to ask Mr.
°shall ikr, Pea, who paid the szporms of the first
minter Ma amber Ferries ?
The OMAIILMAIf.-1 thiak you ought to give Mr.
Gaimsdard • bearing. I bare no doubt be will afterwards
snows mew questioa you may wish to ask him. But I
think
pas will Had your questwa answered in the con.mittees re
A 8 ROLDBR.—The report states that the al-
pines wein_paid by ridmpaay. (Cheers )
Mr. GAINBFOR be andevstood the charge against
him to be that in Jassy, 1846, this property was really
purekaaed I. treat for the company, mid that afterwstds the
perdue who so purchased it mitAe • profit of it for themselves.
(Hear,luar.) He undertook to prove cooolasively that it
was not /unhand in trust for the company, bet aa private
advestntu. Now, on the lit January, 1645, what foods bad
the preebkwarr directors in their hands to make these par.
theme with ? About 16,0001., the ',bole of which was of
noceasky looked up ender the standing order in parliament,
eon egseatty they bad so swans by which they could possibly
asks those purchases on behalf of the ecompsay. That
mall elms to ,sews he noel( ; bat he did not
rest hit. else spots that, but on the letters which
pawed at the time. On the 7th December, a letter was
written by himself and partners to Messrs. Nicholson, Heap,
and Freer, the parties through whom they communicated
videlrffarpe'oprierion of the ferry, which skewed waeluelvely
that they used every endeavour in their power to
effect the purchase far the company ; and that it
was only os finding the impossibility of so effect-
lag D, it IWOB bought as a private adventure.
Mr. Gaineford read at considerable length the correspondeace
between the original vendors of the property and the di-
rectors, and laid great emphatis on that part of the cone
spondence in which the vendors ay they will not treat with
any parties who are not prepared to treat unconditioaally.
The directors had not the money to treat unconditionally.
and therefore it could not be irreteended that the pantheon
was made is trust for them. The parties who bought the
ferry bought It at great risk, and, instead of being oon.
dimmed for the transaction, deserved • vote of thanks.
(Cr!.. of " Oh. oh.")
A SHABBBOLDER asked why paid for the first
transfer ?

Kr. GAINSFORD said he did not know : it was dons
ander the management of another legal firm, and he did
not know anything on that point.
Mr. MAXWELL nal an extraet from the report, to show
the property was bought for the company, and wu not bought
at a risk.

The Noble CHAIRMAN was antionsto tell what he knew
about this purchase. He was out of the country at the
time, but is recollected there were about 29 schemes with
the shame of Grimsby attached, and a scheme was aflost for
eatablishiog a ferry which would have rendered this at New
Holland not worth a penny. He did think the purchase was
therefore effected at considerable risk. If It had cost
30,0001. or 40,0001, they must have had it ; for they could
not ia f.ct have got the railway set, but for the purchase of
this ferry • (Bear.) The company could not buy the ferry;
and undoubtedly they were et the mercy of the owners of the
tiny fir the tiros being. The securing of the ferry was of
immense importance to the company, and the exact term; of
re-Nacho*, was not so much a matter of importance. With
regard to the remarks of Mr. Morton, on the expenditure at
the Bhiffisld station and elsewhere, he assured the propels,.
tors the director* were quite alive to the necessity of tee-
nthiy. They were meet aaxious to remove all obstacles to
the efficient working of the traffic; and failing the power to
borrow money on the credit of the company, several of the
directors themselves had given their own personal security ti
Sir Benjamin Heywood, the banker, fur 40,0001. (Lind
cheers. )___ _ _ .

_____.
M,
Mr. ORTON replied, and contended that there had
been no risk in the purchase of the Humber ferry. He
concluded in withdrawing his amendment in favour of Mr.
Maxwell's.

Mr. MAXWELL, at the suggestion of the ebeirman, pre-
fixed the fillowing words to his amendment:—" That the
report of the investigating committee be reeeised ; and that
in reference to so much of inch report," &e.
The amendment of Mr. Maxwell was carried by a large
majority.
Mr. idINDS called for a scrutiny.
Mr. MORTON asked if this meant the show of proxies?
(Cries of " No proxies," and" Shame.")
The Nob:* CHAIRMAN said he did not say proxies
should nos he Its d • but, having obtained proxies previously
to the feet sarieling, he thought he should not be neglecting
his dutyil re now &clic ed to nee those proxies.
Mr. HINDS withdrew the demand for a scrutiny.
Mr. MORTON then moved that no works, except the
summit tunnel and the Sheffield station, be entered upon by
the company without first taking the opinion of the share-
holden.

Mr. T. STEVENSON, of Grimsby, seconded the motion,
and the proceediogs had not terminated at five o'clock lest
evening, when our report lett.

Despatches were received yererday at the Colonial-
(Ace from the Governere of the North American coloui s.
ASTURIAN NIININO COMPANY.—Yeeterday a spe-
cial g I meeting of shareholders of this company was
held at the offices of the Company, Austad:ion, for the
purpcse of taking into consideration the terms of • negocia-
tim now pending for the reconstruction of the company, and
to assent to or dissent from the confirmation of a contract
already entered into for that purpose, Mr. Cunningham in
the chair. A contract was read to this meeting from certain
capitalists in Spain and in Paris for the purchase of the
company's mineral concessions and iron works, as well as
the apparatus for the reduction of the quicksilver produced
in the Asturias. The principal provisions of the contract
wets that the parties who were in treaty fur the works should
'dyes*/ 20,0001. to liquidate the existing liabilities of the
present company, and the old shareholders should retain one
half of the present property of the concern. Those share.
holders who were present at the meeting and allowed to vote
were only those who had paid up the call of 151. per 'hue.
After some discussion, the contract was confirmed, subject
to certain unimportant amendments.
INQUEST.—Titz STATE OP THE SERPENTINE.—
This morning an inquest was taken by Mr. Bedford, at the
Malpas Arms, Charles-street, Grosvenor-square, on the body
of Thomas Bellonia, aged 18., the son of • West India mer-
chant, who was drowned in the Serpentine on Sunday
morning, as already stated in this paper: Mr. Chorley,
the secretary to the Humane Society, said that
he had waited on the Duke of Cambridge since
the lest inquest, and represented to his royal highness
the necessity of preventing bathing on the north side, from
its dangerous state, and his royal highness immediately
wrote to the commissioners of police, but nothing had yet
been done. The jury considered it wasquite time bathing on
that side should be put an end to, and a few policemen would
do. Verdict,' Accidental death."

A FIRE broke out yesterday evening, at about
twenty minutes past 9 o'clock, at the Boyer Coffee house,
110, Chancery-lime, in the vicinage of the Law Institution.
Fortunately from the early period otitis evening the engines
of the parish, the London, and the West of England were
early on the spot. AU the inhabitaata were qui-lily got out
of the haute, and no persons were injured. The upper part
of the premise, wen totally destroyed, but the bottom of
the building was comparatively uninjured. Aeoordiag to
the account of the police on duty, it appeared that the tire
hod been caused by a lodger in a state of iatoalostioa having
ignited his bedclothes.
FATAL EFFECTS Or PRIZE FIGHTINO.—EarIy yes-
terday morning a prize fight took place at Long Eaton, a
village eight miles from Nottingham, between two men,
named Richard Hall and James Brown. The brutal exhi-
bition war to have taken place in the meadows near the
tows, but the patios were surprised by the police, and were
therefore obliged to retreat. The men fought for an hour
atd a quarter, at the end of which time Brown war com-
pletely exhausted, and lay upon the turf, vomiting blood
freely. The backers and seconds had him immediately con-
veyed to a railway carriage, but before the train arrived at
Nottingham he died. Upon hearing the fate of his anta-
gonist, Hall instantly decamped, along with the seconds sod
others engaged in the afar. As won as the polies were
made acqualaud with the circumstance they commenced en
active pursuit, and ;succeeded in capturing George Clay,
one of the seconds, and doubtless the others will soon be
taken. Hall is only 17 years of age, and hat been engaged
Is several tights. Brown wee 22 years old.

MINCING-LANE.—THIS DAY.
Snoalt —The public sales, consisting of 10,000 bags and
360 auks, are progressing steadily. The refined sung is
without alteration. Grocery, fair to fine, 491. to 60s. 6d.
Correa.—The public sale wu too small to give quota-
tion., but the article has a firm appearance. Good ordinary
native Ceylon quoted firm, at 43E ; Inferior, 425.
Rms.-3,300 bags of Bengal, and 1,600 bags of Madre'',
were offered in public sale, and sold irregularly, bat averaged
about previous rata.
PIIUNTO sold in a small public sale, at 6d. to 61d, per lb.
SALTPETIIII.-100 bags, !similes 61, mild in public sale,
at 27E, the quality good.
Immo remains steady. 0,200 chute Ors SOW declared
for public sale.
Cotton.—The demand outlaws good, and last week's
prima are fully sit sported.
Run remains without alteration; area( Leeward., la. 4d.
to Is. 41d. ; But India, Is. 9d. to le. 311.
Tin eoutiones to wear a firm appearance. bet 11116 We"
are cuspied with the publia sales declared for *marrow, sal
but little dune to day.
Is other articles no material alteratlew.

SMITHFIELD HAY MARKET.—THIS DAY.
Wows. Coops era Davis report very little doles, at the
followisa quotation§ :—Pirts. H. "dew, 70.. t 0740.;
&is. to COL ; Donna, 64.. to &X Clow, Stio. to 804.1
Otrow. 24.. to 27..