The British Press; or, Morning Literary Advertiser.
London, England, 1826-03-17 00:00:00

UNITED CIIILIAAV MINING Assucnnoit

Yesterday a meeting of Shareholders was held at the George and
Vulture Teem, Cotnhill, ponruant to advertisement.
'P. Aai Ica xi, Esq. (late a Director) was called to the Chairs
-In opening the bitsiness of the-meeting, he begged to read several
letters which had been received on the subject. The first was omit
"from Lord Teynham, in reply to a communication made by dm
Chairman, wherein his lordships attention was called to the gape.
dieticy of' coming to some explanation on the stile of their adliri.
Cord Teyoham admitted, the temnadhility of the Directors fat
the sums they had received at the Shareholder's hands, but uyta
the • present moment no further satisfaction could be obtained
through any channel. Ills Lordship, in conclusion, denied arty
linottledge of the concerns of the company, and recommended the
Shareholders to divide the money now remaining in the banker's
hairdo amongst them, as the capital subscribed could be of no awed
in the prosecution of so vast a scheme. The Chairman remarked,
that the latter part of his Lordship's letter was palatable enough,
had ha thought fit to point out in what way that recommendatiost
maw to be carried into effect ; hut so far from having done so, his
resrdship had ever since avoided coming to any explanation on thei
subject, though he (the Chairman) had repeatedly written to hint,
urging the inability of the Propriatory to draw the money out
of the hankers hands without the concurrence of the Directors.
Three other leans were then read, from Mr. Charles Place, air.
Vaux, and Mr. henna, who distinctly denied any participstierx
In that act of the Directors so much condemned, name's, the trait
licking in shares.
The CH/ORMAN observed. that in consequence of this dairicile
nation on the port of lewd Tevnham and other Directors, to coati
forward Coil meet the'shareludders in an honourable Manly way.,
the 'felt it hie ditty- to retire Cam that Board; but in doing an ha
would not bold hones* absolved frost a share of the responsibility
which devolved mann' him as • Director, regarding past Irani,
actions. of which, however, he had no knowledge. There weld
be no doubtehat the Directors of any Association were collectively
resistnetibie to the Putprietary when they misapplied the funds ewe
trasteektd their charge hy the public. (Hear, hear, hear.) Praia
jthe 'moment that he perceived a rowing supineness In the Ole
rectors, be yes confident that die Company never Could go on • deeds'
deald *Maul to the estersitile agent, tilr. Hendricks who; le
As glad to see present.a hether he had not repeatedly pressed I .
'AMporion, but, far what reason he could not pnesibly •
•
IlliPsnfifeetoes. tenth?. never be gos•leousneene.
Chairman) could assume no definite character in the bealiblite,
being neither. Director tine, Shareholder, still he was wililiarej
autift the Proprietary in establishing their just claims by soy We
'MAW measures; it was lot the Meeting to decide what those MUM
sores ehnuld he.
Mr. HEN pacers should be most willing to afford the Propel*.
Lary all the information he could give, when property required to du
se. At present he was not in attendance on behalf of the Dires.
writ. Ile confeued that the part which Loid Tcynhant had tikes
in this lark surprised him not a !rule. his Lordship having beep
the prime mover of it in the first instance. He had engaged him
(Mr. Hendricks) to heroine the Acting Manages, at conattlerablie
expense and Inconvenience: he was obliged to take another office.L. •
Pt employ an additional clerk; and all this was done by the dime-
bins of Lord Teynhant. His Lordship had also fixed his owe
salary, as principal Director, at 209/. per annum. In these arrange
merits Mr. Vitus and Mr. Imeson concurred. Lord Teynheeta
also poitred out the advantage of effecting an intercourse with
Chili, and directed hint (Mr. Hendricks) to look out for a propel;
person to send to that country as the Agent of the Company. It
was likewise proposed to purchase shares in the market;, and Lord
Teynharn put 6001. into his hands for that purpose. Seen after
the shares were allotted, he (Mr. H.) intimated to his Lnedahip,
and some other Directory, that their expectations were not likely to
be realized, and suggested the propriety of calling a 'meeting for
:lie purpose of dissolving the Company ;and in thi.propotation Mr.
Annichuti concurred, pmvided the Shareholders had their mmtey
returned without deduction. He (Mr. H.) called again on Lord-
T. for that purpose, who promised to attend, but did not ; and the
Hon. Capt. Curzon (his Lordaltip's sort) declared his readiness to
meet the wishes of the Shareholders for dissolving the Company, hat
that he could hot get his father to consent to it. In the month oracles
tember he (11r. H.)- had occasion to be in France, and on his te.i
'turn he was surprised to find that the bankers Had undertakes to
paethedeposits ea some of the shares at par; and in order to pat is
stop to any further attempts t f that nature, he suggested the rem
;Whey of teeing the money out of their hands' for the benefit of the
shareholders ; hut they refused to wander out of their regular
cnurse, which was to get a check signed by three of the Directory
and countersigned by himself. In this the Directors could not be
got to agree, neither would they call a meeting of the Proprietary.
Ile should now submit, that the Demme be formally called impart
to come forward with theirsiccohnts; and, if they still persisted in
keeping back, he shostld hint put the Shareholders in possession or
all the information he could command.
The CHAIRMAN said it was quite evident that the interests of
the Company had been moat shamefully neglected by the Dilemma.
Mr. HENDRICKS declared that the plain fact watt, if the shares
had risen to a premium, not one of the Directors would have re-
tired that was the w hole 'secret.
A Sat AREDOLDEtt wished to kr whim was the amount of the
money now in the bankers' hands
Mr. HENDRI Cl:4 could nut fate untie higoelf to state what thy
A Sitatterroenen thought it Yee/ desirable to gat Sig
like a balance sheet of the Cnlnptly A funds before them, a. the
Proprietors would then be enabled to decide what steps they ought
to take for recovery of their deptuits.
Another SHAREHOLDEIL—..But you see the Directors well not
give you any account.
Mr. Newmax thought it exceedingly strange that Mr. Rem.
thicks, whose conduct was so much impeachtsi, had not come }hr.
ward, prepared with explanatory documents on the present occa.
sion. With respect to the paying off share; at par, by Messrs. Pry
and Chapman, he would only say that he did not think Mr. Hen.
dricks himself was wholly exempt from blame in diet respect. Ha
(Mr. N.) was anxious to get rid of thole shares which he then held
—they cost hint 751., but he thought it would be a good thing if he
could get fill/. for them; and he accordingly took them to Mr. Hen-
dricks, who indorsed two of them, and gave him a 101. check
for the third, thereby pocketing 251. Thu was not fair dealing
surely.
.Mr. hI wntttcia vindicated himself from the charge. Re
would not deny hiving purchieved shares, hut it was in obedience to
the Directors' orders, who had pm 5001. into his hands tor that
purpose. Ile might have purchased tercels bed he been so disposed.
He saw one Gentleman in the room who utfered him 52 shares at
2 discount.
The Gentleman alluded to distinctly denied the truth of the as.
sertion.

Mr. NEWMAN said, with regard to sending an agent to Chili,
there could be nothing more preposterous. Mr the capital of the
Company, at that time. did net exceed 30,0/.—a very noble cum to
commence a mining speculation with ; but it was quite plain it
was never intended to work the mines, but rather to work the
market.
The CHAIRMAN denied that position.
Air. NEwasaic observed, that if properly managed, the object
might have been feasible, and if the funds had not been improperly
applied, there would now be something to ide. Mr. Hendricks
had been already drawing the Company's money out of the banker's
hands by indorsing the shares.
A Sit Alt OLDEn—lt is not Itlr Hendricks that we have to do
with. The Directors are unquestionably responsible to us.
Another Stun E tIOLD£ n—But you see some of them have re-
signed ; who then are we to look to ?
A SHAREHOLDER proposed an application to the Directors for
information on the subject ; and if they did not think fit to come
forward, and lay an account before a General Meeting of the Share-
holders, then other steps might be taken for recovery of their de-
posiat.
Another SHAREHOLDER moved, " That the present company
be appointed a Committee of Inquiry, and be empowered to call for
thwumente."
This was objected to, as tending to frustrate the object in
view.
A Swaxtitot.nan here referred to a speech made in the
penitent* Lords on the 3J of February. by Lord Teynham, wherein
that nobleman, speaking of the late panic. asserted that " it arose
solely from the rash spirit for joint-stock speculations, which had
so long been suffered to prevail." Precept and practice it seemed
were often at variance. He (the Shareholder) submitted, that if
his Lordship persisted in wi•hholding the required information, a
petition should be presented to the H mss of Lords, exposing the
whole transactio ; and there was no doubt of its success, for
there was a very strong feeling in that quarter against suah con-
cerns.
Some desultory conversation then took place as to the best mode
to be adopted ; and a resolution was finally carried for an applica-
tion being made to bora Teynham and the other Directors, for the
itia.elittion of the Company and return of the deposits.
A Committee of seven gentlemen was also appointed to investi-
gate the accounts, and report thereon to a general meeting, to be
helo on the 30th inst.
Thanks were then voted to the Chairman, and the meeting
broke up.

T NitntnGE WE I. Ls.—The prospects of this place fur
the ensuing season are very favourable ; no less than seven
large houses were let last week ; this is commencing early.
Every year the season lengthens from the slum one, as ap-
pears from the Guide, published by Mr. Clifford, of former
times, being three months at furthest, from July to the end
of September ; the state of the roads round the place ren-
dered it almost inaccessible at any other part of the year.
Tunbridge ll'ells at present. seems almost exclusively to
retain its character for good end select company. its
small distance from the metropolis, and, compared with
modern public places, its limited extent, have encouraged
a degree of circumspection, and even suspicion on the part
of its regular frequenters, which tends to maintain this
di-
tinction, whilst from the same caution, the suspicious, de-
graded, and abandoned, have little opportunity of gaining
an introduction. Besides, as the more dissipated habits of
the metropolis have increased, the fashionable part of the
company who frequent the Wells seek rather the pleasures
of retirement, and the comforts of moderate society, than
public amusements. The company principally pus their
time in the enjoyment of the numerous walks and rides
that the vicinity affords, and in breathing the. fragrance
that arises from the common advantages the Wills en-
seises above all other public places.

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