The Sun.
London, England, 1855-08-25 00:00:00

Mr. BACKE, deputy chairman, seconded the motion.

Mr. FIGGINS called attention to what he considered a
breach of trust on the part of the officials, from the
amount of dividend to be paid by the company being
known in the market long before it reached the share-
holders. It had the effect very often of depreciating the
price of the stock and inflicting injury on the share-
holders.

Mr. Huauxs said the report had been prepared with
a great deal of care, and, without wishing to
say anything offensive, he thought, also, with
a great deal of contrivance to give the directors power
to raise large sums of money. He thought it.would be
more satisfactory if the directors would state for what
they wanted the 330,0001. they proposed to borrow. So
far from its being wanted in consequence of "a combi-
nation of circumstances," as stated in the report, it arose
from the injudicious management of the Board of Direc-
tors. He was of opinion the directors should have no
more powers to raise money unless they stated specifi-
cally and in detail what the money was required for.
He complainel of the lavish expenditure of the com-
pany, probably from their believing that the more magnifi-
cence they could display the more advantageous it would
be for them. The right men had not been put in the
right place, but square ~Inen had been put into round
holes. (Hear, hear.) He did not like to move for a
committee of investigation, but he suggested that the
directors should propose something of the kind for the
satisfaction of the shareholders, (Hear, hear.)
Mr. GIESLER remarked on the enormous percentage
for expenses on this line, compared with that of other
companies. He also complained of no information being
supplied in the accounts of the cost and sale of coal,
but only the amount for carriage.

Captain HALL thoughE their smallness of dividend was
not to be wondered at, when they found 85,285/. en-
tered in the ace ,unts as expended in 1854, by Mr.
Cubit, their engineer.
The CEIAIRMAN said be deprecated the breach of con -
fidence complained of by Mr. Fizgins. Everything had
been done to prevent it, but unfortunately without
success.

A. SHAREHOLDER suggested that the evil complained
of might be got over by the directors publishing weekly
their expenses as well as'receipts,
The CHAIRMAN said. that question was discussed at
the last meeting. It would be an expensive process.
and in a great measure deceptive. The money com-
plained of by Mr. Hughes as having been applied to
other purpses than dividends was required to meet a
number of bonds then coining due. The object in borrow-
ing now was to be provided with the means of paying
off any other bonds between this and Christmas. From
a balance-sheet prepared yesterday he found there was a
balance of 673,0001. in favour of the company over and
above what they owed, had ordered to be done, and
had contracted fit hp to 30 h June last. The compari-
son of working expenses alluded to could not be relied
on, because there was nothing so fallacious and decep-
tive from the different railways making up their accounts
on different plans. Were. the working expei,se: made
up on the same plan, those of this line would be found
to be higher than others,-because this company worked
over a hundred miles of the lines f other companies,
fur which they paid on an average t so-thirds of their
earnings. He had no ohj,ction to an investigation of
the accounts by a coinmithe of shareholders, if they had
not sufficient confidence in, the auditors. Every share-
holder had a right to examine the books, which were
kept open for six weeks. for that purpose. The ap-
pointment of such committees on other lines had pro
duced much harm, and originatai feelings of distrust.
Mr. BILLINGS, after some remarks on the gen-ral
'Management, remarked that if the directors required
money for paying off the bonds they might obtain it by
giving the shareholders 3 j per cent, on advancing their
unpaid calls.
The CHAIRMAN, in consequence of some remarks being
made on the amount of compensation paid to Mr. Hall,
the Reci-irder of Doncaster; said the Legislature treated
railway companies shamefully. The public had benefited
more by the construction of railways than by any simi-
lar amoi.nt of money laid out by the public at a given
tine, yet Parliament, who was the representative of the
people, had on all occasions run a tilt against railway
companies. Unless the railway companies of the king-
dom made c numon cause with each other against the
public as the public had against them, the whole
railway property of the kingdom would be ruined.
(Hear, hear.) After some further general remarks,
he put the motion for the reception and adoption of the
report, which was agreed to.

The CHAIRMAN then moved the fragment of a divi-
dend of 2,1 per cent. per annum, bk-ii.g 11. 2s. 6d. per
cent, for the half year upon the original stock ; and 21.,
51. per cent. upon the B stock ; leaving 6531. 34. 4d. to
be carried to the next account, which was agreed to.
The CHAIRMAN next moved for powers to enalrle the
directors to borrow 330,0001. far the purpo-e of paying
off bonds during the ensuing half-year, which was ulti-
mately agreed to.
Thanks were then voted to the chairman and the
directors, and the meeting terminated.

CENTRAL CRIMINAL COURT.-- (THIS
DAY.)

OLD COURT.
(Before the Recorder )
John Pallet, 35, cabman, John Smithers, 22, plasterer,
and Thomas Summers, 24, bricklayer, were indicted for
burglary iu the dwading-house of Alfred Neilford, and
stealing a quantity of leather and cashmere, valued at
801.

Mr. Sleigh prosecuted, and Mr. Metcalfe appeared for
the prisr ners.

The prosecutor is a leather seller in the Harrow•roadl,
and upon the night of the 29th of July his shop was
broken into, and the property stolen. Upon the same
morning a tradesmen in the neighbourhood was awoke
by the barking of his dog, and upon looking out saw
Smithers in a passage adjoining his house in the act of
arranging some parcels. He instantly went down, and
tried to apprehend him, but he stru;gled and got away.
In the meantime some one removed the property, and
at a later hour is the morning a bakerresiding next door
to Pallet, the cabman, saw a cab drive up to his door,
and he saw Pallet and Summers move several parcels
into the house. Information being given to the police
Pallet's house was searched, and the greater portion of
the property found.
The jury acquitted Pallet, who had evidently been the
dupe of the other prisoners. Smithers and Summers
were sentenced to 14 years' transportation.

NEW COURT.
(Before Russell Gurney, Esq., Q.C.)
John Lynn, 24, a seaman from Finland, was convicted
of cutting and wounding' a prostitute, Ellen Graham.
Mr. Platt defended.
The affar had taken place in a brothel in Neptune-
ourt, to which house the prisoner had accompanied
irosecutor.
He was setenced to twelve months' imprisonment.
This ended the business of the session.

00 ES, ISLE -OF WIGHT.-Aug. 24.

--- -~ -

(PROM MIR OWN CORRESPONDENT.)

NEWPORT. —DESTRUCTIVE HAIL STORM.—This town
was lat evening visited by a most vi'dent storm. The
lightning was continuous, the whole sky being lit up ;
and between 10 and 11 o'clock it commenced raining in
torrents, which was followed by hailstones, or pieces of
ice, measuring from 5 to 7 inches in circumference, which
destroyed the public lamps, and all the glass in the hot!
houses. and greenhouses, together with their trees, fruits,
and plants. Skylights were broken, and thousands of
panes of glass in the houses facing to the weStward de-
stroyed. Mr. Nunn's premises alone are stated to have
suffered to the extent of 2,0001.
ROYAL YACHT SIVIADIION INTELLmErtnE.—Arrivals=
Aug. 16—Hornet, schooner, John Naylor, Esq., from
Western Ports. 21. Enchantress, schooner, Sir Thus,
Whichcote, Bart., Mediterranean and Black Sea. Sail._
ings—Aug. 18. Laverock, cutter, Captain: C. H. Wil-
liams, R N., for Cowes Harbour, to lay up ; Spider,
cutter, Thos. Thornhill, Esq , do. do. ; Miranda, yawl,-
John Gray, Esq., Havre, 19. Hornet, schooner, John
Naylor, Esq., Dartmouth. 23. Bacchante, cutter, B.
H. Jones, Esq. , Liverpool ; Zara, schooner, CAnniodore
the Earl of Wilton, plymoivh and other ports ; Gipsy
Queen, schooner, Sir H. B. Houghton, Bart., Torquay
and other ports. Yachts at and about the Station—
Capricorn, Alarm, Irene, Brilliant, lone, Cecile, Clay-
more, Gloriana, Titania, Beatrix, Enchantress, Wildfile,
Stella, Dryad, Caprice, Gondola.
The Commodore of the R.Y.S. has left for the season.
This has been one of the shortest yachting seasons ever
known here. Lady Ailesbury, Lord Jersey, Lord Wil-
loughby de Broke, Lady Chesterfield, and numbers of
other fashionables, have left this week. There is a num-
ber of arrivals for the bathing season, and nearly as
many houses are occupied as during the regatta, but at
a great reduction of rent.

PROPOSED ROYArg VISIT TO THE
UN [TED STATES AND BRITISH
AMERICA.

TO THE EDITOR OF THE SUN.

Sin,—A. better understanding between Great Britain
and the United States should, if po,sihle, be established,
and I believe could by the mere act of our good and
gracious Queen visiting the giant Republic, as I know,
from my several visits to the United States (British
America also), and intercourse with Americans, that
such a visit would do wonders. Tile Yankees desire it ;
and, if carried out, a cordial and sincere reception awaits
her Majesty there, as she has received in France, and
the people of British America would feel gratified and
grateful for such an act of courtesy.
It is unnecessary for rue to p mint out the vast impor-
tance of " a co► dial and complete alliance between Great
Britain and the United S ates," which I believe would
result out of the visit proposed ; and I cannot see any
objection to France being a party to such an a►liance—
indeed I think she should be, as a large proportion of
the population of British America and the United States
are of French origin, and nineteen-twentieths of the ex-
ports and imports of these countries are with England
and France.

A few days since, under its notice of recent publica-
tions, the Times observed :—" It really is time to re-
commend the United States and British America to the
tender care of Mr. Murray, and to ask him to include
them in that series of red-covered volumes which have
made his name so famous all over Europe." For tie
welfiro of England, indeed the whole world, I hope Mi.
Murray will act up,in the suggestion.
By her Majesty's new yacht. the Victoria and Albert,
New York could he reached from Cowes in seven days,
arid Galway from Quebec in five days ; and the month
of September is the most agreeable and most healthy
month to visit the United States. I hope, therefore,
Sir, that you will insert this letter, or bring the matter
forward in some other way, as such a visit as that which
I have suggested would lead to great and good results.
I am, Sir, yours, &c.,
AN ENGLISHMAN.
London, Aug. 24, 1855.

BRITISH ARCILEOLOGICAL ASSO-
CIAT I ON.

NEWPORT, ISLE OF WIGHT, AUG. 23.

The members of this association made an excur-
sion to Puckaster Cove, visiting Niton and other
churches in their route.

Yesterday evening various relics were exhibited at
the Town-hall, Among other things a picture of the
distribution of the Tichborne Dole attracted much atten-
tion, and was explained in a paper contributed by Mr.
B ,igent on the subject. The following was given as the
origin of this ancient and curious custom. When the
Lady Mabella, one of the house of Tichborne, worn out
with infirmity and age, waa lying on her death-bed, she
besought her hu, hand that he would grant the means of
leaving a charitable bequet, in a dole of bread, to he
distributed to all who should apply ; whereupon he
offered to give her the produce of as much land as she
cou'd crawl round, she being bed-ridden, while a faggot
of wood was burning. She accepted the offer, and,
being placed in the park, crawled round 32 acres in the
specified time. The field in question was situated near
the entrance of the park, and still retained the rame of
Cr %wig. The produce' of this land was sufficient for
1,400 loaves, weighing 22 ounces each, which were for
centuries distributed to all corners ; and the paietim,
exhibited a representation of the distribution in 1670,
and was very valuable as portraying the costume of the
period. The distribution is now confined to the parish
only.
The Rev. Mr. Kell then read a valuable and interest
ing paper with reference to the ancient tin trade of the
Isle of Wight. proving by an immense mass of authori-
ties that the tin which formed the subject of. traffic in
the early ages was brought from Cornwall across to the
Isle of Wight.

This paper was follnwe'l by a lively discussion, after
which the company separated for the day.

UNIVERSITY OF LONDON.

The Nlowing is the list of the M. 13. First Examina-
tion, 1855 :

PASS EXAMINATION.

FIRST DIVISION.— H. earnley, J. A. Cribb, J. L. De
1a Garde, W. T. Fox, G. W. Lawrence, A. Marshall, A.
Memlows, 3. J. Nmon, W. M. Ord, M. T. S :filer, 8.A.,
H M. D. Smith. W. A. Smith, E. W. Thomas, T. J.
Walk.r. R. U. Wallace, J. Way, A. Whitford.

SECOND DIVESTON —F. E. An:tie, T. B. Botf,, A.
Chester. J. R. Davies, T. Divk E. F. Day. J. Earle,
B A , J. H. Hooper, F. T. Holke, C. W. Kitching, 1,
Simm.,, F. P. Weaver, F. W Wil9nn.
EXAMINATION FOR HONOURS.

ANATOMY AND PHYSIOLOGY.—T. J. Walker (exhibi-
tion and gold medal, E. W. Thomas (g. dd medal), A,
Marshall, W. T. Fox, W. M. Ord, G. W. Llwre,nep,
W. A. Smith, and A. Whitford, equal, J. J. Nason, J.
L. Mt la, Garde, M. T. Seller, 8.A., R. U. Wallace.
CEIEMISTRY.—W. M. Ord (..;old medal), M. T. Sadler
B.A. (gol I medal), J. Way, J. J. Nason, R. U. Wal-
lace.

MATERIA MEDICA AND PHARMACEUTICAL CHEMISTRY.
—J. J. Nason (exhibition and gold medal). R. U. Wal-
lv.e (g.old mtdal), M. T. Sadler, BA., and W. A. Smith,
equal, E. W. Thomas and T. J. Walker, equal.
BOTANY.—G. W. Lawrence (gold medal), W. M.
Ord, M. T. Sailer, B.A.

The Minister.: of Enzland and Franc,, at Turin have
received orders to congratulate King Victor Emmanuel
upon the great bravery displayed by the Sardinian
troops in tl-,e battle of the 16th.

Prince Czartor;sltv is staying at the Hotel de Saxe,
Brussels. Colonel Prnporsky, of St. Petersburg, is at
the same hotel.

Mr. Alfred Montgomery has arrived in town to at-
tend hig office at the Custom-house.
Mr. Beaumont, M.P., hag left London for the Cri-
mea. His beautiful yacht waitß frr him at Man,eilleg.
Sterhen De Vere, Esq., M P., has arrived at Cur
ragh Chaee.

Lieut.-General Sir George Brown is still residing
with Lady Brown and family at Leamington Spa. We
are happy to learn that the gallant general has already
greatly improved in health.
Main!. Addison, deputy-assistant adjutaq-ge, eral, is
appointed to succeed the late Colonel John Enoch, as
assistant quartermaster-general.
C +ptain William Peel, third son of the late Sir Rohert
Peel, late in the command of the Diamond and of the
Leander in the B'ack Sea, has arrived in London from
Malta, having heen compelled to return to his native
cuunt.ry from ill-health.

ARRIVALS AT THE GRANBY HOTEL, HARROGA-1.--
Amongst the fa-ihionable arrivals at the Granby Hotel,
Harrogate, are the Right Hon. the Lord and Lady
Douglas, the Dowager Lady Ruthven, the Viscountess
Boyne, the Right Hon. the Earl of Essex, Lieut.-Col.
Gordon, Col. and Mrs. Richardson, the Very Rev. the
Dean of Elphin, Lieut.-Col. Ford, Major Warren , the
Rev. G. 0. Gordon, Captain Middleton, C. Villiers:
E-q., C. Dnytie, Esq., and Mrs. Doyne, Lieut.•Coloncl
Kyle, the Rev. G. Harter and Mrs. Harter, Mr. Wil-
liams, Mrs. Ashlin, W. Rhodes, Esq., C. Fox, Esq.,
Miss Grooms, Mrs. Dickenson, K. Saul, Esq., Mrs.
Saul, and family. &c.
KENSINGTON GARDENS —The number of persons as-
sembh d to hear the band in these gardens on Sunday
last was very great, and the conduct of the vast multi-
tude wa; most admirable. In consequence, however, of
the many complaints which have been made to the Office
of Works from the arm yance experienced by ladies and.
others from persons smokied in the innnedrate neigh•
hourhood of the hand, and actually in the verandah of
the refreshment room, a notice has been issued to the
effect that Hyde-park is open to the smokers, and the
whole of Kensington•gardens is equally at their ser-
vice, with the exception of the part indicated in the
notice, and it is to be hoped that the cause of the com-
plaint may not arise in future in the immediate vicinity
of the band. The following is the notice :—" Gentle-
men are requested not to smoke in the vicinity of the
music platform and refreshment room, as much com-
plaint has been made by visitors to the gardens in con-
sequence of this practice.—Office of Works, Aug. 20,
1855.,,

DETENTION OF THE ITAIL FOR MADEIRA AND THE
WEST, COAST OF AFRlCA..—Yesterday the following no•
tice wa" posted at the General Post Office :—" West
Coast of Africa, &c.—Tie mail packet Gambia, which
ould in due course be ('espatched from Plymouth this
day, with the mails for the West Coast of Africa. &c.,
will not be despatched until the Ist proximo. Letters,
&c., received or posted it London, up to the evening of
the 31st instant, will be forwarded by the Gambia."