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

GOONEARL MINING COMPANY.

On Monday afternoon a Meeting of the Shareholders in the
Goonearl Mining Company took place.
Mr. Joux BLEADE X was unanimously called to the Chair.
Mr. FLORANC E, the Solicitor to the Company, read the Report.
It declared that nothing had occurred to alter the view-s which the
Directors entertained from the commencement of the Company, as
to the ultimate success of the undertaking.
Mr. Wm. CLARK opposed the Report. The Prospectus stated
that the Company should consist of 5,000 Shares, and that 50,000/.
being requisite, 101. was to be paid on each share. According to
the statement now made, scarcely 1,000 Shares had been taken,
which Shares would produceonlylo,oool., and yet they chose to pro-
ceed, and told the Shareholders that such a capital would answer
their purposes.
The Citsinmax said, that the whole of the plan had not been
carried into execution. On referring to the Prospectus it would be
seen, that beyond the Goonearl mines they had it in contemplation
to purchase such other mines as might be found advantageous. As
the public had not taken the full amount of the Shares, the Direc-
tors thought themselves justified in proceeding with one part of
their plan, for which the Shares taken were deemed fully adequate.
Mr. CLARK said, this answer was by no means satisfactory, and
contended that the Directors were not warranted in expending the
money of Shareholders, who had subscribed their money upon the
prospect and implied condition that at least the majority of the
Shares would be taken before anything would be done. He then
proceeded to question Mr. Ifancocic, one of the proprietors, from
whom the (ioonearl mines had been purchased, as to the prospects
of success in working them, and as to their value.
After a great deal of desultory conversation between Mr. Hu-
ard( and Mr. Clark,

A SHAREHOLDER, in a very unceremonious manner, charged
Mr. Hancock with haring received the Shareholders' money, and
demanded that lie should account for it.

Mr. HANCOCK—You are a rogue and a rascal for making such a
charge. I am ready to give every explanation, but I deny that I
have even received's hat is justly due to me from this Conrpany.—
Ile then stated, having determined to sell the mine to a Com-
pany, the course he had pursued for the purpose.
Mr. CLARK moved a string of Resolutions, declaring that the
plan had proved abortive from its commencement; that there was
no Company ; that the Directors were bound to return the deposits
entrusted to them, and that if they refused, legal measures should
be adopted for their recovery, they being personally responsible.
The CHAIRMAN refused to put these Resolutions. They went
to declare that those supporting them were not Shareholders, and
if they were not Shareholders, they had no right there.
Several of the Shareholders said they would vote the Chairman
out, and appoint another.
The CHAIRMAN said he could easily understand that it was de-
sirable for many persons who never intended and never were able
to make any bon,: fide investment, to have the deposits returned to
them. It would he highly profitable to numbers.
Mr. CLARK—I do not mean rouse it as a threat, but I only say
this to you, Mr. Chairman, that If you do not put these Resolu-
tons, I will move such a vote of censure upon you as never Chair-
man had in his life.

The CHAIRMAN said he was wining to take the sense of the
Meeting as to whether he should put them.
There was a considerable majority in favour of the Resolutions,
which were then put and carried.
The CHAIRMAN declared that there was not the slightest
ground for them. The Directors gave a great deal of time to the
measure gratuitously ; success was certain ; and this was their
reward.

The Chairman 'a declaration only excited merriment ; but the
Meeting, before they separated, passed a vote of thanks to him, for
his conduct in the chair.

On

r, one of the Windsor stages, loaded with
log to town, was overtutned oil this side of Ham-
* passenger was killed on the spot, and all the rake