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

MEXICAN COMPANY.

Yesterday the Proprietors of this Company held their first annual
Meeting, at the City of London Tavern, Biahopsgate-street, to
receive the Report of the Directors ;
Joust PETTY MUSPRATT, Esq.. in the Chair.
The CHAIRMAN, in opening the business of the Meeting, ob-
served, that by the Deed of Settlement the Chairman of the Board•
of Directors should preside at all annual assemblies. but, as that
gentleman was unfortunately absent from indisposition, the duty
lad devolved upon himself. and he trusted that the kindness of the
Proprietary would excuse his inability. (Hear, hear, hear.) Many
unkind things had been said out of doors, respecting the line of
conduct they had pursued, hilt they disdained before this period to
reply to attacks of this sort. The Directors, in presenting the
Report which would be read to the Meeting, were content to stand
on that ground alone. (Hear, hear, bear.) Before proceeding to
the establishment of the Company, by the purchase of mines, the
Directors thought it prudent to wait until his Majesty's Ministers
had formally acknowledged the independence of Mexico ; and in
order that every one should stand on the same footing, no premium
was charged on the Shares, though they were at one time in very
great request. The Directors hail been represented to have allotted
a considerable portion of Shares to their own uses. This was not
the fact ; for out of the 2,813, who had executed the deed of settle.
merit, only two transfers had taken place, and not a single Share I
had been sold in the market: at this moment the Directors held
one-fourth of the whole concern. Some gentlemen, who refused to
execute the deed, insinuated that it was because they dis- ,
approved of the terms. The Directors did not profess to be I
lawyers, though they were practical men of business; and
he could only say, that the deed was not offered for
signatures, until it had received the sanction of the great ma-
jority of the Proprietors. This Company had followed pretty
closely the track of the Brazilian, which Lord Lowther was at the
head of; and though it was originally designed 'or the general ols-,
jests of Mexican trade, yet, as it subsequently appeared that
there would be much risk in attempting to act on general principles,
the Directors thought it advisable to apply the capital entrusted to
them solely to the working of the mines, and from which they now
augured the very best results, with a reduced expenditure, and in-
finitely less risk. It was possible that a large quantity of AIM
had been bought up by some gentlemen, 'merely from a reliance on
the honour of the Directors. In the fourteen months that had,
elapsed they attended at eight -seven general beards, beside several
Committee Meetings; and their services had been entirely gva-
tuitous, not one penny of expense having occurred to the Company.
(Hear, hear.) At the present time, the intrinsic value of shares'
was quite as great, if not greater, than ever. (Hear, hear.) Out of
9,000 Shareholders only 8,500 had signed the deed of settlement;
of course there remained 500 who did not sign ; and there were
1,688 whip did not pay the original instalment of si. In the
event of going to a ballot, he should conceive that they. stood on
the same footing with those Proprietors who had signed the
deed, and paid up their deposits. (Hear, hear.)
Mr. MAUDE, the Secretary, read the Report.
The following balance-sheet was then read:—
The Mexican Company, to the 31st December, 1921.
Dr.
To capital for deposits of 101. per share on 8,693
shares Z 86,950 0 0
Shares paid on - 8,693
Shares not p.sid on by the parties to whom
appropriated . 305

Applied io London - . 9,00/
Reserved for distribution in Mexico,
agreeable to the prospectus - 1,000

Cr.

10,000
£06,060 0 0

---
By cost of quicksilver - - - 426,256 810
Specie transmitted to Mexico . . 6,950 0 I
Goods shipped to Mexico . - - 3,464 811
Bills drawn from Mexico, on account of contracts for
mines - .. - - 15.362 13 6
Insurance on consignment to Commissioners at
Mexico . .
-. 150 1 0
-
General expenses to this date - . 3,582 8 2
Balance of Exchequer bill account - 28,395 11 11
(28.0001. remaining on hand)
Balance of cash in the hands of the Bankers . 2,788 1 7

£86,950 0 0
Mr. Buttes declared he had never heard a report more satisfac-
tory in all Its details • he should therefore move that it be adopted,
and printed for distribution amongst the Proprietors.
A SHAREHOLDER., before the question being put, wished to
know whether any estimate had been made of the annual expenses
of the Company
The Cu AI a MAX thought that the question was ill.tinied and out
of course. He should therefore decline answeringa.
Mr. GREGORY s ished to ask Mr. Monroy, one of the Commie-
sioners to Mexico, if he knew the character of the mines, whether
they were old or new ?
AIL Mon twit said that they had mostly all been worked, but
not over. bey were. generally prodaatiswy !end contained
great abundance of ne ore.
Mr. W. CLARKE rose to offer some observations on the Report
when,
The CHAIRMAN said, that as the gentleman was one of those
who had not executed the deed, he was permitted to be present only
through courtesy, and of course had no right to speak on the
question.
A very warm discussion arose on this point, which concluded by
Mr. Knight informing the diaaentients that they had disqualified
themselves from voting.
Another SHAREHOLDER observed, that in order tenet these
gentlemen see there WAS no undue advantage intended to be taken
of them, he should move that they be allowed one month to quality
themselves as proprietors.
This motion was carried unanimously.
The CHAIRMAN trusted that this vote would be an answer to
every objection.
Thanks were then voted to the Directors, Auditors, Secretary,
and Chairman of the day, and the Meeting broke up.

r. Graham, of Netherby, it is said, offers himself for
Carlisle at the next election.

CLASSICAL LIT ERATURE.--HERCULANLUM MSS.—We
understand the unrolling, deciphering, and printing of the
Ilerculaneum MSS. is proceeding with more diligence than
heretofore, and that the following are in the press, and
nearly ready for publication :-1 wo Treatises on Rhetoric,
and one on Ethics, by Philodenaus ; two on Nature, by
Epicurus ; one by Chrysippus, on Providence. These will
be succeeded by one of Camiscus; one of Polistratus ; and
one of Epicurus. It is not a little temarkable that the
celebrated Treatise on Politics, always attributed to Aris-
totle, is ascribed by Philodemus to Theophrastus.
We understand that the wines sold yesterday, in Austin
Friars, the late property of Mr. Sykes, the banter,
brought very high prices.. Some sherry, a hundred years
old, was knocked down at 8L per dozen.
A_ besiotiful specimen frees the chisel of Chantrev has
been lately put up in St. John's Chapel, St. John's Wood,
maritebonw—a monument to Miss Sarah Capel, who died
in the tith year of her age: it is a full-length figure of the
young lady, and said to be a great likeness.

LAW NOTICES.

COURT OF CHANCERY.
11FO1■ Tlll LOAD CRS/SCISSOR TSIS DATA • T TIT
Motions only.

VICE-CHANCELLOR'S COURT.
AT TORII TSB TICI.4.SANCi44OI, TRI DOT, AT HALT-PAST ht.
Motion, only.

ROLLS COURT. •
C , Further Directions, and Petitions, to be heard, by roams,fore the 3fa.ter of the Rolls, to.morrow morning, at nine. Couse,..i
Pelitloas must besot down before two o'clock to the afterdoon U.ls di.
_ _ -

PREROGATIVE COURT.
naeoss Sin jIiPIN NICHOL, AT TIM
Fourth and Last Session In Easter Term.

COURT OP KING'S BENCH.
TIM DAT, AT NALV-PAIIT MINS,
Undefended Causes only will be tried In Middlesex, this day. inetl.
must bare been given, at the Marshal's Odice,of such Causes a. 6.7
defended, or the Records would not be sent to We.tmlnster for tel
Undefended Causes only will be tried In London, to•mmrocwa .de ided, stout,
mu.t be elven at the Marshal's °Mee, of such Causes as are
or the Records will not be sent to Guildhall fur trial.

COURT OF EXCESS:QUER.
TO-1110111110M, AT TAX.
Before the whole Court.
l Fawcett T. Hutchinson, esceolats
Palmer r. Palmer, exceptions

COURT OP KING'S BENCH.
Appointed Sittings after Term.
Middlesex, Tuesday, May u.
Last night far entering Causes for the Sitting after Term, Tuesday, • and fur marking Special
.Juries, Wednesday, 10th.
London. Wednesday, May 17.
The last day for entering Causes, for the Sitting atler Tenn. Monday, Itrth, and fort making Special Juries, May 16, at half ••„, liat nta each day.

COURT OP COMMON PLEAS.
♦T TIN.
Middle's; Tuesday, May 9. London, Wednesday, Way in.

THE ARMY.

The Ist battalion of the Cod Regiment of Goias taarditi es
Wednesday from Finsbury Quarters, tb Knightsbridge Barracks.
The 24 battalion of the 3d Foot Guards proceeded on Wedneadar
occupy the quarters vacated by the lat battalion of the Colostrum RV. went of Guards.
mentailnu 77th
establi;East MiddLeven) Regiment of Infantry has completed himw.
on shment.
A detachment belonging to the Veteran Companies embarked on aim Inst. on board the Orpheus convict ship, at Chatham, for New *me
• Westminste detachment
for blanchesta.
rof the 60th little Corps marched on Wednesday bon
,
A detachment of the Mb Foot searched on Wednesday from West Waster, fur Radford.