The British Press; or, Morning Literary Advertiser.
London, England, 1826-10-04 00:00:00

.11ED 11-.1 I" LIME AND COKE COMPANY.

Irs!ed3r a Meeting of the Sltateitoltlen in this Company took
t6ce et Llamn's Coff..re-hou‘e.
- • •

WIL:.IA3II CLARK, Esq. in the Chair.
T ('elute mate stated, that he had called together this Meet-
th! saliciteciost of serer..) elli treholders, who were severe
:.A by the system of fraud practised in it. The Directors
cal Pn,prict,.rs had bean particularly invited to attend, and give
soda:Mors, as far as they were able, of the conduct to which
n..;e.:sin was nude; but he regretted to observe that no more
e• •r nee three:or, and he was a recency made one, was present.
A pc-son named Andrews was the mesa of a small property near
Ito h?st.r. en ',huh he but a limekite. Having occasion foe an
:device of no .r •y, he 'wonted to the British Annuity Company, In
10e.25. for the .o.in of 1.0001. as lie (Mr. Clark) was informed.
: h a letnpat y .eat a surveyor down to examine the property, alto
mord !t worth 1,3001. and upon his recommendation advanced
I We/. Iskittg the title.eletels as their scenery. At that time Mr. I
4-... %elk., jun. was solicitor to the British .) nnuit y Company , and
i-. '..cs re in consequence acquainted with Andrews. Andrews
e,..a..r..1ing that Wilke was a capital hand at forming a Joint
( ter. any, applied to hint to make one of the estate at Ho-
't. te...r. Wilke agreed, in case lie should succeed in forming the
va-r, t.' be a purchaser of the freehold at 2,090/. Now %Vilks
r....aie 'on arrangements that some of the directors in the British An-
t say tote ran y should be directors in this new company (a laugh),
slick he immediately set about mtablishing. Those directors
sere. t 1 cours,., aware of the value of the property upon which
e• 7 had already advanced money ; and yet with this know-
le:4e they rated the sum of 8.11161. for it to Mr. Wilke, who
as calculated upon a pretty fair profit up nn his btrgain.—
Due part of the arrangement was, that Andrews was to be superin-
tradant of the works. This appointment, the appointment of
effle,rs, the election of directors, the sale of the estate to %Vines,
and by him to the Company, took place within a month. Peter
i 31e 1,. was the chairman (loud laughter). and Mr. Barrett, M.P.
1 MT. Dell's. Mr. !Almelo, and Mr. Jones, who were directors in
the British Annuity Company, were the Directors of the New
Associatate. (Continued laughter.) There were other clicum-
r drIC( 5 equally remarkeble. Andrews had declared that the value
• re tn.: property •cted be greatly enhareed if some new kilns were
it.'.t tree it. or other purchases made of the adjacent land, and
''', f.'t :%oOni. more a very prosperous concern would be este-
b ishwil. I: was, however. thought by one that a capital of 10,11001.
set,ld he very shy fat a joint-stock company, and would never ope-
rate pemerly with the public. This argument took, and the ea-
cal i t 100.114101. was forliwith entered in the prospectus as the sum
teen which they were to work the concern. (Laughter.) All
this purred that those who were appointed from the British An-
tray ('ompany were partiSt attars in the fraud. Ile admitted
, tit if the megnltude of the concern was greater, there might be
' a aance of ourecos; but however profitable it might prove under
is lio.i all finances, it was impossible that it could answer the
riro,ses of a company. lie had, as the great object was to ob..
taut lack the amount of the deposit!, applied to the Directors for
the perpose of coming to an arrangement. lie did not succeed.
They had refuted, u-ith Peter Moore at their head. to see him,
and it was now necessary for the Sharchuitlers to adopt decisive
LI mires in ceder to obtain a restitution of their property. (Cheers).
?Ir. liar—le the Mr. Kershaw whose name appeared in the
Prearceitte the gentleman who, with tears in his eyes, said that he
fad .n hi. posaession 0001. of the Cornwall and Devon Alining
I ~i.,asn)'s money, which did not belong to hint ? (A laugh, and
t. es of The same, the same.") Perhaps he can produce some
indreds of our money, which he may have had under alutilar cir-
cumstance!? (leattglherr)
A !Manton:mem-110w can this little concern afford to pay'
leeretera about 1,6001 a year'
De al rrcllELL—They have not received a farthing this year.
A en ett Ellett:bra—How much did they receive of our money
!More this year? (A laugh.)
1 :other SiIAnEIIOLDZA—VO say nut shares are worth two-
t•etts of die original price. Will you buy mine at that rate? I'll
•qi. (battehter )
Dr. MlTCrltt.r.--My poverty may prevent me from doing with
Cr, 1:1O:Jey OILY( I should II ilth to a., with a view to my future ad-
• s. 'ven. (laughter.)
.1 'third tenaur.itotztee—l have got 100 shares. I'll give
''''' '. t You at that rate, and take away another fifth:
.1 F.,arth.—lt is ridiculous to carry on Meets an extravagant nta.•
I.:isfiti..ii‘t in so email s euncem. Look at the offices in the King's
:tuns- rani. and the multitude of tremors to be paid.
Dr. Mre c TIEI.T.—The otinou economy pervades the establish-
r..Y.t. %inch is about to be removed to Itlackfriars.
A eIIAiIEIIOI.DER—To the Old Bailey you must mean surely.
lhi;tnr. (Loud laughter.)
lII'. II AY—When the Directors forfeited their own shares, it was
r I tent thee never thought the Company worth any thing.
ler. SI Yrellel.L said, It hid been mentioned that the Company
I ial no legal claim to the esta'e. They certainly had as long as they
I aid the interest on their debt, and he hoped they would soon have
the tide deeds in their possession. Ile would not say s word about
Mr. Wilke, as that Gentleman was determined to make tents at-
tacks every day, and probably would have hint (Mr. Mitchell) be-
ige the lewd Stever tommertur if he did.
• A SuesEitocumt--Ilow much did Mr. Wilke make by the sale
of the estate ?
A woke—Between 2.0001. and 3.0001.
11e. SI ITCH LE t.—No: he me no *wee than about 1,500/.
A SHAPTflOtTEß—yrhat was his bill <Joists to the Company ?
The DIIITCTOn—Hin first hill was *201.; his second about 1701.
Mr. Cceiti'l'he bills put tile in mind of his charge of 210/.
Cm the envy of the babble a: t, and the draft of the act to amend it.
Ile had divided the expense between foe, con.Panies, each of which
he charged 50 guinea*. Too Welch Iron and Coal Company was one,
and Mr. Peter Moore sanctioned the charge. (Laughter.) This
Company was ehrtreed also. but would not pay.
There watt here sine conversation about the propriety of appoint-
mg a Committee to investigate the affairs of the l'ortmany, but the
Meeting came to the determination to adjourn to a future period,
for the purpose of obtaining more informetton.
1 1 Thanks being toted to the Chairman, the Meeting separated.

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