The Sun.
London, England, 1852-03-05 00:00:00

Mr. LEVY said that he would move his re-election, for
no one knew more of their French traffic than Captain
Warr en.—(Cheers.)
Mr. Caomg was glad to hear that the capital account
was about to be closed, for until the capital account of a
railway was closed there could be no dependence in the
genuineness of the dividend.—(Hear, hear.) He was
very much disappointed in the amount of the dividend to
be declared on this occasion, and be hoped in future
economy would be studied even to a greater extent than
that pointed out by the chairman.—(Hear, hear.) He
announced his intention to propose a resolution to the
effect that the chairman's stipend be reduced from 2 0001.
to 1,0001., and the directors from 2001. to 1001—(Oh.)
Mr. LEVY called the Hon. Proprietor to order.
Before such a resolution could be proposed, notice of it
must be given in regular order.—(Hear, hear.
The CHAIRMAN overruled this objection. The Hon.
Proprietor was quite at liberty to propose such a reso-
lution, but it must be at a later period of the meeting.
Mr. CROOK—Then why did not you interrupt me
before, it I was going wrong ?
Mr, LEVY—Because I like to hear as much as I can
of your jaw.
Mr. GEORGE thought the only method to improve the
dividend was to reduce the working expenses.—(Bear,
hear.) Why not take the printing into their own hands,
and allow the salaries of the heads of departments to in-
crease with any advance in the dividond, as was the case
on the Brighton line.—(Hear, hear.) It was a false
policy to reduce the pay of a servant, and he hoped it
would not be applied either to the directors or the work
ing staff.— (Hear, hear.) He recommended, in future,
that all the contracts should be open, but, above all, pay
their servants well, and also servo the public well.
Mr. W. REID should be glad to know when prelimi-
naries were likely to be accomplished for closing the
capital account? He thought the account ought to be
closed at once.—(Hear, hear.)
The CHAIRMAN said it was impossible to close the
capital account now, but, excepting with regard to the
work now actually in progress, and the goods ware-
houses on lines recently opened, the directors were pre-
pared to give a pledge that no works should be under-
taken without the sanction of a general meeting.—
(Cheers.) The working expenses of tho railway were
greatly exaggerated by improperly importing into the
calculations the interest and commission attendant upon
their mortgage bonds.—(Hear, hear.)
Mr. LEVY asked what they were paying to the Bank
of England?

The CHAIRMAN said 4} per cent., but the money
which the Bank lent them was worth that price when it
was wanted.—(Hear, hear.)
Mr. LEVY complained of the extravagance of the
interest.

The CHAIRMAN said one proprietor had found fault
with them for not putting lights into the third-class
carriages; but why should they so long as they were
forced to run a Parliamentary train at a loss?—(Hear.)
1 he carriages which formerly induced passengers to
provide themselves with candles were now all run in
daylight.—(Hear, hear.)
Mr. LEVY asked how much they were going to spend
on the North Kent line? Five thousand pounds were
spent upon this line last year.
The CHAIRMAN corrected the Hon. Proprietor. They
did not expend 5,000/. upon the North Kent alone; but
the proprietors, if they wished to have their property
protected from unjust and ruinous competition, must
repose confidence in the directors as to the expense
they went to on that account.—(Hear, hear.)
Mr. LEVY repudiated the idea that it was a boon con-
ferred upon the shareholders to allow them to elect their
directors. It was their right, and he objected to Mr.
Ricb, M.P., being brought forward in this way.—(Hear.)
The CHAIRMAN said Mr. Rich aas a highly respec-
table man, and besides being a director of the Sun Life
Office, be had also been honoured with the confidence of
her Majesty's late Government, and was a thorough bu-
siness roan.—(Hear.)
Mr. LEVY repeated, that in losing Captain Warren
they were going to replace him by a vastly inferior
man.—(Hear, hear.)
Mr. BROWN said Mr. Levy had made some reference
to him, when he spoke of the interest paid to the Bank
of England.—(Hear, hear.) Now, he begged to iuferm
the meeting, that the statement he made to Mr. Levy
was given in confidence.
Mr. LEVY denied this. Mr. Brown came to him and
wanted bim to join with him in getting up an opposi-
tion to turn out the chairman.—(oh, oh! and cries of
" Turn Brown out.")
Mr. BROWN made some confused explanation, bat he
did not deny the charge made by Mr. Levy.
Mr. WILSON attributed the low dividend to the ex-
travagance and mismanagement of the executive. He
had long ago warned them of this, and worse would fol-
low if they did not follow the advice which he had so
long ago dinned into their ears. The great evil was
the many tributaries which the directors had so per-
versely persisted in buying on all hands, which never
would be of the slightest use,, whatever promises the
directors might continue to hold forth. As for
the dividend, be believed that it was the best they ever
would have ; next year it would be more likely to be
6d. instead of 10s. 6d. The management was most
defective in every point of view.
The CHAIRMAN threw back the insinuations of Mr.
Wilson on himself. He would ask that gentleman with
regard to tributary lines, who was it that was so
anxious for the ex tension of a rail way to
Blackwell ? Who was it that had subscribed
a sum twenty times larger than his interest in the South-
Eastern Railway to support a line to Gravesend to com-
pete with this hne?
Mr. WILSON denied that he had ever done so.
The CHAIRMAN said that his source of information
was a Parliamentary document, and be might have been
mistaken.
The resolution confirming the report was then put and
carried unanimously.
The CHAIRMAN then moved a resolution declaring a
dividend of 31 per cent., which was seconded by the
DEPUTY-CHAIRMEN, and carried unanimously.
The CHAIRMAN next proposed, and the DEPUTY-
CHAIRMAN seconded, a resolution empowering the
directors to take such steps as they might think fit to
enforce the payment of outstanding calls in arrear, which
was also carried without discussion.
The CHAIRMAN next proposed, and the DEPUTI-
CHAIRMAN seconded, a resolution empowering the
directors to sell the shares purchased by the company,
and converted into consolidated stock, by tender to the
highest bidder.
Mr. Wilmoss objected to the sale or the shares.
Mr. Alderman SALOMONS was quite of opinion that
the shares ought to be sold, but in such a matter he
would not trust either broker, public meeting, or board
of directors; he would suggest that the shares should be
sold by public auctoin.
A SHAREHOLDER proposed that the pre-emption of the
shares should be offered by letter to every one of the
shareholders in proportion to the interest they severally
held.

Mr. Alderman Tit'ZIPSON asked the Chairman
whether the financial state of the company was such as
to render it absolutely, necessary to bring these shares
into the market?
The CHAIRMAN said, in answer, that the sale of the
shares was absolutely necessary before the capital
account could be carried. The numb..r of those shares
was 6,200.
Mr. SMITH said he should propose an amendment,
that a committee of five shareholders should be ap-
pointed to confer with the directors on this subject, and
report in a month.
Mr. LEVY seconded the amendment.
Mr. Alderman THOMPSON prcposed, by way of rider,
that the directors should have the power which they
sought when they were able to close the capital account.
Th© CHAIRMAN said he should have no objection to
add words to this effect.
A SHAREHOLDER proposed that this matter should

be deferred to a future meeting.
The CHAIRMAN said the only desire of the directors
was to convert these shares into bona fide assets, and it
the meeting would pass this resolution, which would
have that effect, he had no hesitation in saying
•I the next
directors would take no further steps unti
meeting. an amend-
Mr. Alderman SALOMONS then moved as that the
the
ment that these shares should be distribut
proprietors pro rata, at the rate of 20L p
per
81
the directors
The CHAIRMAN intimated the readiness o
to accede to this arrangement. •
original motion and Mr.
After a short discussion the
and the amend.
ehcluaremeng
Smith's amendment were withdrawn.
• s carried unani-
int:nt of Mr. Alderman Salomons v. a
mously.
The CHAIRMAN next proposed, and the n
.._,F.PUTY-
seconded, a resolution onapecverit g
CHAIRMAN the
directors, in case the shares should not bo taken up by
the shareholders, to dispose of them as they ought fit.
The CHAIRMAN then said that he had ntht
resolution which was to de awa • to pro-
pose a • y with an item
expense which was productive of but little of
years ago a resolution had been pasted use. Four
list of the shareholders should be ordering that
affixed to the name of those
with a star
the office of directors. se qualified for
those printed each year Out of 5,000 of
had been sold in three only thirty-seven copies
had cost 250/. lie hou'3:ears. Tbo printing of those
lists be printed no tu, then fore, propose that those
intended to offer longer, but that any gentleman who
fortnight's notice. himself as a candidate should give a
The DEPUTY-C
Mr. WILBON /fAIRMAN seconded the motion.
m
lution which had
to the abandonment of a r-
.'', should been come to at a former meeting.
propose an amendment that the fists bu
printed as usual, and that a star should be affixed to
the name of every shareholder for every vote which he
had.
This amendment was put and lost, but a subsequent
amendment, that 500 copies, the same as before, bhould
be printed, was carried.
Mr. Morgan was then re-elected as an auditor.
The CHAIRMAN then aunounced, that as his term of
office had expired, it was now his duty to retire from the
position which he held, and leave his re-election or re-
jection in the hands of the shareholders.
Mr. M.Gregor then vacated the chair, which was
taken by Mr. Simile.
The CHAIRMAN then proposed the re-election of Mr.
M'Gregor, which was seconded by Mr. 1-1
GREY, and sup-
ported by several other shareholders, and carried
unanimously.
Mr. M‘GrtEson then resumed hi seat amid the cheers
of the shareholders, after thankingl them for the honour
which they had conferred on him,
val
devote his energies and
On the motion of the _ to their service.
UltAntaux, seconded by Mr.
Alderman TilOhtpg
ori, Mr. Renshaw was re-eloc.ted
a director.

The CHAIRMAN then proposed, and Mr. Alderman
SALOMONS cuuded, the el. ction of Mr. Rich, M.P., es
a clamor, in the room of Captain Warren, retiriag by
rotation.

Mr. LEN Y proposed the re-election of Capt. Warweu•
Air. WlLsori seconded the amendment.

The CHAIRMAN denied that the candidature of
Rich lied origin4ted with him or with the directors.
Captain WARREN explained that the chairmar, the
deputy-chairman, and himself being the directors to re-
tire by rotation, he had, in deference to the position of
the two others, volunteered not to offer himself for re
election. It eras with feelings of great regret that he
left the board; and if, at any future time, they should
think fit to repose this trust in him again, he should be
most happy to undertake it.
Mr. CROOK then proposed that the salary of the Chair-
man should be 1,0001. per annum, and the directors lON.
per annum.
The motion was not secon,led.
The meeting was then made special, and the draft of
the Bill for the amalgamation of the Guildford, Reading,
and Reigate with the Sonth-Eastern Company was °P•
proved ot, and a vote of thanks concluded the business
of the meeting.

THE COUNTRY MARKETS
DERRY SMITHFIELD MARKET. MARCH 2. Our market
continues to be well supplied with fat beasts from the north e 1
England, Rotherham market, Lincolnshire, and Nottingham-
shire. The supply of to day was about the average, and
'n,:D' t;h:
quality of the animals was generally good, fully mainta
last week's prices. There was a fair supply of sheep, wig,
were in good request, most of which found buyers..
number of fat and store calves was somewhat larger todato
i,
and readily disposed of. Fat pigs more plentiful. Beef, 41csig
5d ; mutton, 51d to qd veal, 5d to sird per lb ; pig!'
to 7s 9d per score. Rough fat, 3s 6d per stone or
Hides, Lid to 14d per lb ; calf skins 2d to 3id per lb. ,„
UPPINGHAM, MARCH 3.—Wheat 40s to 445; barley %05";
0
31s Pd ; oats 19s to 245; beans 29s to 32s per qr. Butter 11
per lb ; eggs 24 for Is.
LOUTII, MARCH 3.—Wheat 36s to 425; barley Os to 295;
oats Iss to 2s ; bns 25s to 2'ls rqr
NEWARK,O MARGIeaN
3.—Wheat, w pehite. 46s to 4E4, red 41.:
"
45s ; barley, malting 32s to 355, grinding 265 to 280; eas.,
seed 25s to 265. feed 23s to 2ns; beans, 32s to b"
malt, 56s to 60s; tares, 35s to 40s per qr.
MELTON MOWBRAY, MARCH 2. Wheat, 40s to 4411
barley, 26s to 31s; oats, 18s to 235; beans, 28s to
au
per qr. Butter lld to 12d per lb ; eggs 20 to 24 for ls•its 43,
BosTox, MARCH 3.—Wheat, red 36s to 42s Od, whto
to 455, superfine 47s to 00s ; barley 27s to 30s ; oats, 14i
20s beans 28s to 32s ; peas 26s to 29s per qr. An, ts,
LYNN 51Aacx 2:—Wheat 36s to 385 Od, fine 'Th9d;
s 005
4b4e :En;
Ds barley
loN RG2:s n
et
Go c •
Rs2ABtosis.,ofine 3
MARKET,Os t 32:
i; A onact
To-411?
Sales brls
market was well supplied with all kinds •
of grain.
1,5 d 013'
The top of wheat was 2s, and the average
Barley on the top Is, and the average 10d up. Oats ochethe !Pe
Is 2d, and the average Is d up. Beans en the top
wheat,
as last week, and the average 11d up. Unsold, 61 qrs wiles
64 qrs barley, 185 qrs oats, and 6 qrs beans. Od
Top of Wheat ... 6411 b. 50s
Od
H 8
~ Barley 570). 338
_to 000
Oats ... . 46 lb. 265 13d
37g • odnjbey
„ Beans 66i1b.
EDINBURGH CATTLE MARKET, MARCH 3.."" The nu 641
of cattle was 644, or 17 more than last week. Top price, 65 5,
to 6s 9d ; current, 6s ttd ; secondary and inferior, fronted.
to 5s 6d per Dutch stone. A good clearance was efecwo
The number of sheep at market this In"ning ttoOt
2,767, being 268 more than last week. Best wedder 001140
top price, sid per lb ; current, 5d to Od; ewes; 4d t
A clearance was not effected.

CORK, MARLS 3.
rrels. Currenol•
Ba no
O White wheat 00s Od to ON Od 00s Od-2° stems
O Red wheat Ws Od to ON Od
O Ditto oos Od to 005 Od} ON Od--20 d°
O Ditto oos Od to 00s ed
45 Barley
Ditto 13s Od to Ws Od
O Ditto OO3 Od to ON Odf ON 0c1...16 do
O Ditto ... o°ols
0 Ditto ...00s Od to 00s Od
O Bere
00dd
tt
oo
00500
00 Od Os Od
146 Oats
160 •
0 barrels white wh2esast ;
9s lOd to 10s 4d)
... lOs 4d to 10. 8d 00s Od-A4 da
54 Pigs.
Quantity sold at the Highest Prices: A oi10;
6doo
rtoed3;lBoo6barley;
CNo
beodrepe; r e.,Wi_
17 pigs.
Quantity of Grain and Number of Pigs sold lasese 1..
Wheat. 335. Barley, 518. Oats, 3,831. . 415.
Return of Cattle sold for week ending Feb. 28.
Pigs, 712. Sheep, 2J5. Cows, 93.
Coax. Flour—First 12a 6to 14s Od; extra 155 . °dn.;
seconds, 100 6d to 1260 d; households 96 to 105 6d; thirds' sheaf.to i.
per cwt. Oatmeal 108 6d to 1 Is; Indian meal 7s 3d to 7s tid'
meal, 10, Ott to 10e 6d per cwt. Indian corn 7126 6d to 7155 per
average ON Od
ton. Bran 85. toS7 e 6d per ton. Hay—Farmers 20e to SOs; overag.
275; dealm 33s to 42 Od; average 35s per ton. St: ow.- Farmel.
14s Od to Us Od ; average 181; dealers 22s Od to 30' l)di
household loaf hid to Od per 41b. Fresh butter, Bcl to
per ton. Bread—Whesten loaf 6id to 01;
10d per lb. Eggs-43 4d to 48 6d per hundred. Coals..
12s 6d per ton. Tallow 36s Od to 401 pay owl.
Newport 153 Od ; Lydney 15s ; Landore VOs ; Culnly
Whisky, 25 o. p., 5s 9d per imperial gallon. Meat
--Beef 4d to 60; mutton .5d to 6id ; veal lid to
7d ; pork 4d to Od; bacon 6d to
sates sausages 5d per lb LW
818 s to 910 s per cwt. Bangor s 2/ 17. 6d to 3/ Os petal•
Bark, red 71 to 81101 per ton. Fleece wool 14s to 15s per stone.
Hemp 291 to 311 per ton. Fish—Scotch herrings 19s to 00s; .1141
ditto, 24s to 00s per barrel ; Newfoundland, 10/ Os to iv y.
ton. Timber—Memel, 70s per ton ; red pine, 315 s • yell°.
ditto, 2/ is. per ton; deals, 151 to 181 per 100. 'Hid"'
Market 18s to 255; salted 20. to 26. per owl, i call skins
Sid to Od per lb Potatoes, white 7d to 8d; pink!,
lOd to 12d. Guano— Peruvian, 10! 10s to 11/ ; lehaboes ai
to 91, 6 per ton. 'far--Archangel, 191 per barrel.
--....—. .

RAILWAY SHARE MARKETS.
BRISTOL, MAncri 4.
STOCK EXCHANGE—The market was very inactive to-da9•
The only sales reported were—South Devon, Preference, 12Mi
—Taff Vale (New), 1% p.
LIV ERPOOL, Maraca 4.
cite
STOCK EXCHANGE. - The share market was not q 00
good to-day, and prices generally had a downward tendency.
The transactions to-day were as follow : —Caledonian, 101-'l.
Birkenhead, Lancashire, and Cheshire, 113/4 die.
Lancashire, 16—Lancashire and Yorkshire, 69 —Ditto, Filth!
(West Riding Union), dis. —Blanchester, Sheffield, s?"
Lincolnshire, 30A1 —Midland, 58—York and North Mid..
land, 21 IA .

MANCHESTE, .
STOCZ ExcHArras.—There h RasM beenARCH a 4 fair amount of
business done to-day, but prices in most cases were lovrer
than those of yesterday. 'The transactions were as follow :•""
Caledonian, 17—Ditto, Preference, 8i—Eastern CountieSt
7,,Zi—East Anglian, 7 per cent., 2a- Midland, 584-- Pasu
chester, Sheffield, and Lincolnshire, 30A —Lancashire .
Yorkshire, 69—Ditto, Fifths, 6% dis. London and Soap
Cheshire
Western, 116.., —Ditto, New Quarters, 342 P.
Junction, 11% die.—South-Eastern and Dover, 20%.

FRENCH RAILWAY TRAFFIC.
The following are the last returns of the gross
re.
ceipts of the principal French Railways
NORTHERN.—From Feb. 12 to Feb. 18 : rassengerh
192.540 E; goods, 260,009 E; total, 452 5491:
ROUEN.—From Feb. 15 to Feb. 21 : Passengers,
68,333 E; goods, 91,067 E; total, 159,540 f.
flivaß.—From Feb. 15 to Feb. 21 : Fosengerth
24,120 E; goods, 42,869 f. ; total 66,989 L p,Lgs ngerlit
OREEANS.—From Feb. 16 to Feb. 221 e
68.045 E ; goods, 147,329 f.; total, 215,337"
ButtpEsux.—From Feb. 10 to Feb. 16: Ps6Eiengen4
40,737 r.; goods, 72,728 f.; total, 113,465 E
VIERSON.—From Feb. 16 to Feb. 22: Passengas,
27,252 f ; goods, 57,549 E; total, 84,800 f. *
NANTES.--From Feb. 12 to Feb. 18 : Passenger
`25.2591.; coods, 30,830 E; total, 56,089 f.
t`)TI2ASBURG —From Feb. 12 to Feb. 18: Passenger*
89,292 f.; youth, 110,110 E; total, 1911,4021.
195
03 BALL—Fromt.goods,
'7.0,7 f•;
MONTEREAU.—From Feb. 12 to Feb. 18: Passenger.,
7,919f1; goods, 15,651 f.; tau], 23.570 f.
MARSEILLES.—From Feb. 5 to Feb. 11: Passenger*
total, 6,2,997 f.
32.1,8y202Nt. Passengerof
5'.—g0;e10M2350,,F41.2e721Ef..;8
total, t1:7:6.351.4 :
177,365 E; goods. 105,315 f.; total, 282,680 f.
attztaTnEs.--From Feb. 16 to Feb. 22; Passenger,/
22 213 E; gouda,

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_ , they supersede , and an j .
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and tourists To be had at Messrs. S. and B. So 11.:%
opticians, 39, Albermarle-street, Piccadilly, opposite the I°_,,.
Hotel. Opera and race-course glasses with wonderful powevi_7
an object can be clearly seen from fourteen to sixteen Insc
Invaluable preserving spectacle lenses The invisible org
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vibrator and all kinds of acoustic instruments, for reliegi9;
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[ ADYERTIsEMENT.]-11olloway's Pills, a _5,..„,
cient remedy for Bilious Complaints and Indigestion. earlto
tain in the mercantile service who had traded many Yer,
the West Indies suffered for a considerable time from vote
„
•
bilious attacks and indigestion, depression of spirits bord
.1 coo'
on melancholy, a sinking at the pit of the stomach, en" a 00
tinual craving after substantial food. He paid an ntrn,ot.,
sum of money for medical advice without obtaining any 'a,
ing benefit, and however extraordinary it may appear, lied for
cured in less than six weeks, taking Holloway's Pills, "'bile,
the last two years he has not fe.t the least symptom e. fists,
indigestion, or disordered stomach.—Sold by all Drugging,
and at Professor Holloway's Establishment, 244, Stra
London.
___—......!!

BIRTHS.
OF A BO N.
On the 2d inst., at Barton Grange, near Taunton, the o'i-4
of F. W. Newto, Esq. of an heir.
On the Ist inst., at 'Edinburgh, the lady of Sir Grab
Montgomery, Bart., of Stanhope.
OF A DAUGHTER r T •
On the 2d inst., at Preston, Lancashire, the lady °-
Miller, Esq.
On the 2d inst., at Tulse-hill, Mrs. John Hardcastle.

MARRIE D.
On the 2d inst., at the parish church, Lewisham, Liee.
James Gordon Nixon, 1.N., sou of the late Captain C.
rge'
N.
Nixon, R.N., to Charlotte Mary, eldest daughter of Geo
W
alter,., of Gich.
On the std inst., atretnw Ardglass, county of Down, Ireland'
Ernest, youngest son of C. Thelluson, Esq., of Worthing;
Sussex, to Emily, only daughter of A. Robinson, Eq"
Orchard-street, Porta:au-square, Lond.

DIED
On the 2d inst. at Orcheston. Rectory, Wilts, the BO'
Edward T. Bidwell, aged 59. Robert 14'
On the 2d inst., in -Clifton-park, Birkenhead, .
Carr, Esq., aged 63.
On the 30th ult., at Guildford, Mary, widow of the 15"
William G. Field, of London, aged 55.
At Bedford-road, Clapham, on the 3d inst., John BroWv,
Esq., late Collector of Excise, aged 77.
On the 2d inst., at Tunbridge-wells, W. Oilley, Esq.

London: Printed and Published by 151 UR N
DO YOUNG, (..s1
No. 112, Strand, Printer, at The Sun Office, o. 11 V;
Strand, in the Precinct of the Savoy, in the coluttY of
DiAddleagagt l iArcl 6, leis;