The British Press; or, Morning Literary Advertiser.
London, England, 1826-05-31 00:00:00

THE NEW CORN EXCHANGE.

A Meeting of the Proprietors of this Company was held at its
premises in Mark-lane. yesterday. THOMAS ISAAC DISISDALE,
Esq. was called to the Chair.
The (AA( nMA N. after a few preliminary remarks, requested
Mr. Ttlson. the solicitor to the Company, to read the points of the
Act of Parliament under which the Company was constituted.
A SUBSCRIBER said he felt rather unpleasantly situated. The
Meeting was called to take into consideration certain points of the
Act of Parliament. Ile, for one, had not been able to obtain a
copy of it, anti was therefore unable to make himself acquainted
with any part of its bearing.
Mr. Tr i.so Iv —lf yon had applied at my office, Sir, you would
have been famished with one.
SUBSCRIBER—That I did not know.
The UIIAIIIMAN—I am Pure I shalt feel happy in giving- you
one now, sir; or, indeed, futaishiag you with any information
specting it that lies in thy power. The Aleeting of this day is for
the election of Directors and Auditors.

Another Su BSC ID Eft —I found no difficulty in obtaining a copy
of the Act, and so far from there appearing to he an chicction to
furnish infortna•ion respecting the movements of the Eompany,
there seetner: to me to be an evident desire not to blink any thing.
(Hear, hear.)
• Mr. Tri.sox said, it was well known to those gentlemen pre-
sent, that at the outset of this Company there were as immense
number of Subscribers to the undertaking. By Coe Act of Parlia-
ment the capital of 90,009!. was to be ratted, and it was necessary,
before such Act could be obtained, that the whole sum should Ire
subscribed for. To carry tins object into effect, several of the par-
ties (Shareholders) Were wsited on, and the amount was very soon
signed for. ( Hear, hear.) The Royal Assent to the Bill was given
on the sth of the present month. In the preamble of the Bill they
set forth, that
" Whereas, the Cnrn Exchange of London, situate in Mark-lane,
is small and inconvenient. and inadequate for the business to be
transacted thereat : And whereas, from the want of accommodation
In the said Exchange, numbers of Com-factors, Dealers, anti others
attending the same, are unable to obtain stands therein, and are
oftentimes obliged to transact their business in the taverns and
houses adjoining, and in the public street of Mark-lane; and the
said street being a great public thoroughfare, the footway* and ear-
riageways thereof are, by reason of the concourse or people therein
on days on which the said Exchange is open, much incommoded and
obstructed, and the inhabitants and the publi.: greatly incon.
venienccd :

" Ard whereas, It would be a great convenience and advantage
to the Corn Trade, to the inhabitants of the neighbourhood, and to
the public at large, and would tend to remove the obstructions and
inconvenienc,s Mote mentioned, if a tine and more extensive Ex.
change, with propel accoinnindationa. were erected and established,
and proper rules and regulations nods for the good government
and management of the same:

"And -whereas the several persons hereinafter named, together
with others. are willing and desirous at their own expense, to erect
and provide a new and more extensive Corn Exchange. and make
all necessary preparations for effecting the purposes aforesaid ; but
the same cannot be effectually carried into execution without the
aid and authority of Parliament. They therefore pray that an Act
may be passed for erecting and providing a New Corn Exchange,
at or near Mark-lane, in the City of London."
The Worthy Solicitor then went through the different clauses
of the Act, by which it appeared that the Company was to
be divided into 1,800 shares of 50/. each ; that within thirty Amyx
of the passing of the Act a general meeting of the parties to it
should be called for the purpose of electing ten Directors and two
Auditory, and out of the former a Chairman ' - and that they had
the power of opening a communication with the present Corn Ex-
change. The Solicitor then went through the whole of the clauses.
The CHAIR MAN said that the Solicitor had pointed out to the
Meeting the various clauses upon which the Company was consti-
tuted. He felt it requisite to inform them that there was an under.
ruandinff now between themselves and the Committee of the Old
Corn Exchange, by which the compensation to he given to the
latter would be about floe-twentieth less than what was originally
demanded by them. (Hear, hear.) The freehold of the Old
Market its Committee had valued at 48,0001. and the good-will, lea
at about 12,000/. more, making a sum of sixty thousand pounds.
He felt that there were many of his colleagues in the room
who would have done more justice to their cause—but, as they had
been pleased to put hint in that honourable situation, he would do
the best he could. (Hear, hear, hear.) He felt that the task he
had to fulfil Was greatly increased by the obloquy which was
thrown upon companies generally, in consequence of so many
having been set up upon such frivolous grounds. Ile was happy
to say that this Company was not one of those; for it was started
upon principles which would be of the most essential service to the
community at large. (Hear, hear, hear.) At the conclusion of':
the Into war a stimulus was given to every branch of commerce,
which had bent carried almost to a state of delirium ; companies had
been started for every object; they had their Washing and Fish
Companies, as well as those of a more elevated character; but for-
tunately the bubble had burst, and those only would stand their I
ground, whose object was likely to be beneficial to the public,
and this Company was one. (Appisuse.) The intention of the
Committee was to raise a market sufficiently large for the use of
all or the greater part of those men connected with the corn
trade. It was highly necessary that a market of this description
should be open to all. The sales that were effected upon their ins-.
ket was a criterion in general of the value of land. It was requi-
site that the price of grain should not he too high, or it would
affect the interests of the manufacturer ; and that it alionld
rot be too low, lest the wants 01 the agricultural la-
bourer should be touched. (Hear, hear, !sear.) The Corn-
Market was under the control of thirty corn-factors, who had
the power of admitting or refusing whom they pleased; and it
must be seen that men sitting in judgment upon those with whom
they were in competition could not help at all times feeling a de.
geee of Wan. The present idea was not like a bridge or a railway,
neither of which would be used for a long period, and. perhaps not
at all. Nortt was an erection loudly called for ; the increase of
that branch of trade made it requisite that further accommodation
should be afforded to the parties engaged in it. (Iletse.hear.)
would be seen, from the evidenee before the (louse, what that*.
crease Was: frorn MS to Ufa the sales amounted to 1,701,1 N
(marten ; anti in the last live year* they were ou less than 3.400,0110,
qua/tem.
of dye economy in the erection of their building, the undertaking
would yield a most handsome dividend to those pestles emerged
in it. 4Applatme.) . •
After some observations from Mr. HARZ the Meetingpromead
to the election of Directors and other offielers.
"fhankd were then voted to the Chairman, and the Meeting sep-
tets&

SOCIETY FOR -PRO.VOTING CHRISTIAN
KNWEPEDGE. •
'!he anniversary dinner Of this Society was held yesterday at the
Preemasona"ravern. whieli was numeostody and nimit rex:went/AY
attended, AMOIII those present we noticed the Hipbone of Dundion,
Cheater. Durham, Exeter, and Olniicester ; Lord Kenyon, AD.
Jtintice Park, Mr. Banker', 111. P.; the Rev. Dm. Wel hialey anti
Borrawes, and several other daitinguiihed members of the Church.
At half-part live o'clock the company sat down to a most excel-
! hut dinner, at which Mr. Jusice Perk presided. After the areal
toasts—" The Church and Kin t," ** The Duke of Vink and the
Army," " The Duke or Clarence and the Navy," •• The rest of 'the
Royal Family." had been drurk—
Mr. Justice PAR[ said, that having been unexpectedly called to
president the anniversary chimer of the Society, fie would Avail
himself of the first oppnrtunity to purpose the health of the Arch-
. bishop of Canterbury. President of the Society for the Promotion
of Christian Knowledge. Ile was sure the exertions which his
Grate had made to forward the useful objects of the Society were
fislly appreciated. ‘Vtien his illness checked his efforts; in rite
cause of religion, all those who had any connexion or intercourse
with the charitable institution,' of the metropolis felt much. '1 hose
exahlishrneme were injured by his temporary retirement. Ile
thanked God his health was now renovated, and that he was ena-
bled to renew his benevolent and useful exertions in the cause of
setigion. lie would propose the health of his Orace the Archbinhop
of Canterbury ; which wits drank with every mark of reamer:a
The CIRAIRmAN then proposed the health of the Bishop of Lon-
don, who, be said, had displayed as much real In the can* of charity
aitti religion's, the head of thsChts•ch of England had done. 'rhat
'need of praise was due to his merits ; yet were he not checked by
his presence, he could stay more of the Indefatigable exertions he
had on ail occasions displayed in forwarding the Interests of the
Society.
'file oust was received with great approbation.
The Wallop of LONDON said he felt highly gratified by the man-
nev in which his health had been proposed from the Chair, and by
the wry in which it was received by the company. He had always
given his attendance at the meetings of the Society, and would
never be wanting, by every means in his powek, to promote the
objects of the Society, which he wan happy to coy could now be
prosecuted with every prospect of Stlatlol.
The Cnatnatax, in promoting the next joust, " Prosperity to
the Society he Promoting Cliristien Knowledge." said, that when
he that became a member erf the Snctery the netwober *f subscribers
did not exceed two thousand, and ROW they had augmehted to
fifteen thousand ; though the company assembled bore no rumor-
lion to that number• yet he was happy to see so respectable an
assemblage, whose presence was a proof of the lively irrerest they
felt in the pmaperit vof the Society. They would heir Irons one of
the Secretaries a statement of the affairs of the Society, which he
would not anticipate by any further observations.
The Rev. Mr. PARKER then read the anneal Report, which gave
a very satisfactory and flattering view of the plan and finattees of
the Society. He said, in the year 1611 the members of the Society
did not exceed 4.400 pdr,ons; and that they were at present in-
areaeed to between fifteen and Pi veel thousand. The total amount
of imissaiptions in that year were little mere than 23,0001., while
those of the present year amounted to about 66.0110 L The Society
had advanced gradually to a secure and permanent establishment.
The abject% of the Society were not confined to the mother country,
but extended to the most distant points of the Paitish Empire.
India and the West India Islands were within reach of its salutary
benevolence • Bilden were distributed in the army, navy, and the
shipping of the East India Company. In Ireland, where the poverty
of the people called for peculiar assistance, schools were en:itely
surnamed from the funds of the Society., and in the Highlands of
Sco:land grants of money and books were distributed. In India a
separate fund had been established for forming native schools, and,
when the utility and i aportance of that inalitution became known
to the public, he felt persuaded that adequate means would be-,
found to aid the benevolence which originated such nacre! establish-
ments. A very inpurtant object had been obtained ill the Island
of Ceylon, by the formation of a central school, for the education
of persons Wll3 should be qualified to fill the situation of school-
anteaters to the other schools, distributed through India. He had re-
ceived a letter from the Bishop ofJamaica, which held out the most
cheering prospects in that island. An Act of the Legislative As-
sembly had been pasted, which enabled the different parishes to
build churches and chapels. A Protestant chum!' had been built
in Spanish America, and books in Spanish and English, snit in
French and English, had been distributed among :he native, of
the different state.. Twenty years ago no one could have eve-
templated, and far less anticipated, such successt; and he conceived
it was impossible to calculate what might be expected in 20 years
hence from a steady perseverance in the plans hitherto adopted, and
acted on by the Society. Having laid before them that short state-
ment, he had only to thank them for the patience and attention
with which they had heard him, and hoped that the objects of the
Society mignt be ditrutted throughout the entire world.
The Bishop of Los DON then proposed the health of" Mr. Jus-
tice Park and the Judges of the Land." He said the Society hall
always had the attendance of some members of the Isearned Body,
of which Yr. Justice Park was so distinguished an ornament.
(Applause.) That body had always administered the law of Eng.
land on the principle that all law eau bounded on the basis of reli-
gion ; and though their valuable time was so much occupied in
that truly beneficial occueation, they yet tuund leisure to devote a
portion of it in the promotion of those institutions which were
labouring with them in diffusing morality among the community—
the hest and surest means of presenting crime.
The health of Mr. Justice Pink was then drank with enthu.
_

Justice PAR► said he had so often stated, for the last ten
years, his sentiments with regard to the Church of England, that he
felt it unnecessary to repeat them on that occasion. ►t was bat doing
justice tombs Judges of the to sty, they had administered the
law, founded as it was, at.'l ought to be, on the basis of religion,
as had been represented by the Right Rev. Prelate. Ile begged
to offer him his most cordial thanks for the kind and affectionate
manner in which he had proposed his health. lie would propose
' the health of the Stewards.
The Bishop of DURHAM returned thanks.
The health of the Rev. Dr. Barnes. the late Archdeacon of Bom-
bay, was then drank w.ta much applause; which honour that Rev.
Gentleman acknowledged in a short speech, in which he bore testi-
mony to the usefulness of the Society in India, without which, he
said; the exertions of the clergy in India wool] be very ineffectual.
The healths of the Treasurers, the Bishop of Bristol, the Attor-
ney-General, and Mr. Bankes, were then drank, for which they
aev:•r..lly returned thanks ; after which t'te company separated.
highly gratified at the prosperous stale of the Society's affairs.
During the evening a collection was made for acute distress:ll
widows, which we understood amounted to a considerable sums