The Sun.
London, England, 1864-09-16 00:00:00

)
NEWSPAPER t,
A 14,
and outrage were over, when life and propert
safe in Tipperary as in Middlesex—and that
atitle, a a 1
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e: 17,1
notwithstanding some passing indications of angry fee:-
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.
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ing, he rejoiced to believe was not far distant—the natural
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resources of the country would begin to be fully developed.
lie knew Tipperary as long as he knew anywhere; he had
seen great changes, and expected to see many more ; he be-
lieved that Ireland was deserving to be prosperous and
happy, and it was in the belief that such agencies as that
would contribute to so great a result that he asked them to
drink "Success to the Tipperary Farming Society.'
(Great cheering.)
Comte DE JARNAC proposed "The health of the Chair-
man."

PRICK' • 4d.
STAMPED:....Sd.

The CHAIRMAN, who was again received wi•h
cE-
thusi•nstie cheering, expressed his regret that circutn-
stances obliged Lord Derby and himself to be absentees;
still he could honestly say there was not a farm or a
farmer on their estates wi: h whom they were not acquainted ;
they would not be content with receiving their proceeds
unless they also received their good will. The fl Wering
terms in which the Count Do jarnac had rcfcrred to his
public cervices ho could not say that he deserved, but is
ono respect he accepted them as true ; he believed that ha
had no other object than to rend.er himself usoful to the
community cal which ha was a marulp.ar, and that it was
more especially the duty of those who succeeded to heredi-
tary titl and wealth to act as if, in lawyers' phrase, they
had a general retainer on behalf of the people. (Cheers.)
Amongst other speakers were Lord Lismore and Mr.
Walden,

RAILWAY INTELLIGENCE,

EDINBURGH AND GLASGOW.

The half yearly meeting of this company was held at
Glasgow on Tuesday—Mr H. Dunlop in the chair.
The report, an abstract of which has appeared in The
Sun, was taken as read.

The CHAIRMAN, in moving the adoption of the report,
said it was satisfactory to see that the traffio continued to
increase; and that they were enabled to recommend a divi-
dend of 41 per cent per annum. If the traffic continued to
increase, they might expect a better dividend, as they were
now in the way of improvement. Their new agreement
with the North British Railway Company was now inac-
tive operation, and apparently was likely to work well. It
was a very simple arrangement, and he thought it would
prove satisfactory, and he hoped it would receive the sanc-
tion of Parliament next session. They had nothing to fear
except attacks from some of their aggressive neighbours.
He thought for his part the time had arrived when the
main lines of railway might be content with the position
they already held. There were few main lines in that dis-
trict which had not established their position, and their
rights to a certain traffic, and ho thought they might be
content with that, and with developing the trade of the
country, instead of constructing new lines with a view to
absorb the traffic, which legitimately belonged to their
neighbours. (Hear.) He wished the pressure of the share-
holders could be brought to bear upon directors to prevent
their adopting such an erroneous course. He believed tha t
a great deal might be done by the shareholders expressing
their opinions at meetings of companies against such con-
duct. It was not like a reduction of the rates, which was
a temporary measure from which they might suffer for
a time and it would pass away, the public de-
riving some benefit during the competition ; but when
they constructed duplicate lines a permanent evil was
created, for all unnecessary expenditure of capital must be
a loss to sharpholders, while it was no benefit to the public.
(Heer y,
Mr WHITE seconded the motion for the adoption of the
report.
Mr J. M.‘G.a.vrx said he quite agreed with the Chairman
in the line of policy he had chalked out as that which ought
to govern the great railway companies of the country.
Duplicate lines must ultimately be a loss to the country, for
whenever they expended two sets of capital, and employed
two sets of men to work that which one set could accom-
plish, the public would have eventually to pay for them.
For a short time ruinous rates might prevail, but they all
knew that public companies would not long continue to fight,
and the experience of all duplicate lines hitherto had been
the same. He believed they were to be invaded by the Cale-
donian Company in the next session of Parliament. It was
said they intended to run parallel lines from Glasgow to
Edinburgh ; and, if so, they ought to be strenuously opposed
by this company. They had been cajoled by an alliance
with that company, and they had at the same time invaded
their district. If the Caledonian said they must have a
larger share of the traffic between Edinburgh and Glasgow,
they must be told that the Edinburgh and Glasgow Com-
pany must have a greater share of the coal traffic of Lanark-
shire.

_

Atter some observations by Mr MEIKLEM and Mr WErit
as to rumoured attacks from the Caledonian, and as to what
the directors ought to do in these attacks,
The CHAIRMAN said that, with the strong alliance which
they had formed with the North British Railway Company,
the Edinburgh and Glasgow Company felt they were able
to defend themselves, and, if necessary, to oppose aggressi,,e
neighbours; but they hoped this course would not be nlecs-
ttary, and he thought it would be a great pity if it were.
Resolutions were passed adopting the report, and declar-
ing a dividend for the half-year, at the rate of 4f per cent.
per anuum, on the ordinary stock of the company.
The proceedings concluded with a vote of thanks to the

chairman.

F.ITTINGBOURNE AND SIIEEPLNESS.

The hale.-yearly gem-ral mee:ing of this company vas
hal on Wedn,!sdly at the cfl3.-;s, John-street, Bedford•row
—Mr L. Simpson in the chair.

The report stated that the Board thought it desirable to
invite the aid and counsel of some of the leading share-
holders and creditors of the company, and this led to this
appointment of a special committee to consider and propose
such an equitable arrangement with all the creditors and
shareholders as would put the company into a position to
pay
a
dividend.ofarraTnhgeemceonmtmtiottethe sincethe Board,
submitted such
areceived
their unanimous approval, and was recommended to the
schemeshareholders for adoption. The income of the company was
largely increasing., and if the pending questions were settled
as proposed by the committee, nothing would prevent the
payment of dividends for the future. For the protection of
the property in the meantime against legal assailants, Mr
Evans, the company's accountant, had been appointed re-
ceiver. The accounts showed a total receipt of £231,113,
the total amount of liabilities being £57,000.
The CumamlN, in moving the adoption of the report,
congratulated the proprietors on the results of the labours
of the committee, which consisted of Mr Baines, M.P.,
Mr West, who represented Mr Wythes, the contractor and
principal creditor, Mr Head, Mr Atkinson, who repre-
sented the preference shareholders, Mr Hartridge for the
ordinary shareholders, Mr:L, Simpson, the chairman, and
Mr Magnus, the deputy-chairman of the company. After
many meetings and much negotiation, they had succeeded
cin
o resultturep caoiwn;
yac
siml i
thatnugs must be
thetbhee eduo
inso
cfla
hri cdatrihgnaegad
anoetuce
out of
deoesfar
thattosfa as
allsl le tpasc: rastoime
asss.
noTtrhhe ee-
move all impediments, in the shape of liabilities, to the
, future progress and prosperity of the company. He re-
gretted that they had not been able to come to an arrange-
ment with the War-office and other outstanding questions
as to land. It was gratifying to find that, as regarded the
increase of traffic at Queenborough, there had been an in-
crease for the last six months of 17 ships and 7,000 tons of
merchandise. It was proposed to erect suitable machinery
there, and when that was done no doubt the traffic would
be doubly developed.
Mr MAGNus seconded t.ho motion. According to the
statement of Mr Evans, there were £78,800 of liabilities,
£5,000 interest on debentures, and £3,000 interest on pre-
ference shares—making a total of outstanding liabilities of
£87,000, to meet which there were 6,113 shares not issued,
lands to be taken by War Department, and other items.
Whether these would produce sufficient or not remained t 3
be seen, but the result of the proposed arrangement would
be that the company would be out cf debt upon disposing
of these unissued shares and surplus lands, and any surplus
would be available for general purposes.
Mr HAItTIUDGE congratulated the meeting on the result

of the labours of the committee and on the successful way
in which they had adjusted the conflicting interests. He
believed that the preference shareholders would get the
whole of their interest, an i that the ordinary shareholders
would be placed in a good position.
After some observations from Mr Wade, Mr Roche, and
others, Capt Dumerque and Mr S. Bergey were re-elected
directors, and Mr W. G. Head auditor.
The thanks of the meeting were then given to the chair-
man, directors, and officers of the company, and the meeting
separated.

THE NEW ATLANTIC TELEGRAPH.--Active ope.
rations have been commenced during the week for
the manufacture and submersion of the new Atlantic tele-
fic commission,
peroovnesmtrterzcittsir
is
sopfrotghreescsi7ge
atwwith awllotrhkos
lgartaepsht peraabeltei.c a Thele im
of the Gutta Percha Company in the Wharf-road, City-road,
heatstono and
rl
e.
The iron wire, and hempen covering forming the exterior
iT n,
consistinglaocm cos r,dna, naccnf ed
Captainwl tchstrhse
GFd
tirgobnnas,i r
ponf:tolhf\eer
shsscioti
rh
and
va y
portion of the cable, are also in hand at the mmufactory
of the Telegraph Construction Company's works, under
Messrs Glass and ElliAlthe contractors, at Morlen Wharf,
East Greenwich, a large number of artisans being em-
ployed at both places for the purpose. The new cable
ij in every respect a great improvement on the old one of
ISSS.

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duration, the pills should be taken internally, to root
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