The Sun.
London, England, 1863-03-20 00:00:00

ATLANTIC TELEGRAPH COMPANY.

♦
The sixth annal meeting of the shareholders in
the Atlantic Telegraph CoMpany was held at the
London Tavern yesterday. The Right Hon. James
Stuart Wortley occupied the chair.
Mr. GEORGE SAWARD (the secretary) read the
report of the directors, an abstract of which has
already appeared in our columns.
The CHAIRMAN, in moving _the adoption of the
report, said there were two or three points on which
be wished to give a brief explanation. Since the
last meeting the directors had been exposed to some
hostile action, and even to covert attacks and insinu-
ations ; but that was the fate of all persons who were
engaged in a work of such magnitude. It was
prompted in some cases by adverse interests, in
others by a feeling of rivalry, and in others,
again, by the feeling of that sensitive
class of persons called inventors, who were apt to
get excited if their plans were not adopted. Some
blamed them for idleness and inaction ; others
thought they were not going to do anything new.
In neither case were the complaints well founded.
The raising of so much money in the manner men-1
tioned in the report showed that there had been no
inaction, and the result of the effort made was the
preservation of the company's rights intact. Up to
this time the company had entered into no engage-
ment with any other company, except the New
York and Newfoundland Company. All that had
been done was to enter into communication with a
company of great eminence, with respect to the lay-
ing down of the line ; and the board would be glad
to receive offers from any other quarter.
He then entered into an explanation of the
nature and extent of the company's exclu-
sive rights, which he said embraced the whole coast
of Newfoundland. He then quoted legal authori-
ties on this subject. He added that after the com-
pany's line had been laid down, the Government was
to have the right to give permission to other com-
panies to lay down a cable, but that that would not
prevent them from receiving the 8 per cent. gua-
ranteed on the £600,000. Moreover, the subsidy
of the English Government had been raised since
last year from £14,000 to £20,000 a year; so that
from their own Government and the American Go-
vernment the total subsidy would be £34,000.
(Cheers.) He then referred to the objections made
to the use of gutta percha for the new line, instead
of india rubber. The directors were not pledged,
he said, to the use of gutta percha, and would
be happy to adopt any other material which
was proved to be superior; but the cry against
gutta percha was raised chiefly by persons who
were interested in india rubber. If they could get
a light cable to lie on the light, oozy, pillow-like
bed of the Atlantic, a capital of £600,000 would be
more than sufficient for the purpose. The board
were only waiting till the subscription had reached
£300,000. They had now come to within a frac-
tion of three-fourths of that amount ; and oven if
they failed to obtain £BO,OOO more, he could not
believe the British Government would leave them
in the lurch. (Cheers.) Large, subscriptions had
been received within a short time from New York,
and there was a prospect of additional aid from that
source. After entering into some personal expla-
nations regarding what he had said about the tele-
graph between Toulon and Majorca, he concluded
by urging the shareholders to induce their friends
to take up the balance of the shares. He then for-
mally moved the adoption of the report.
Mr. C. M. SAMPSON, the deputy-chairman,
seconded the motion, and it was adopted unani-
mously.
The following directors, who retire by rotation,
were re-elected : The Right Hon. the Chairman,
Mr. C. M. Sampson, Mr. S. Gurney, M.P., and
Captain A. T. Hamilton.
The CHAIRMAN moved a resolution, rescinding a
resolution passed o❑ the Bth of June, 1559, which
reduced the number of directors from 18 to 12.
Mr. SAMPSON seconded the motion, which was
also carried.

The CHAIRMAN then said that the board had
nominated three gentlemen as directors, in accord-
ance with the deed of settlement, and he was quite
sure the shareholders would be satisfied that so
wise a choice had been made. The names of those
gentlemen were Mr. E. Cropper, Sir William
Brown, and Sir Samuel Cunard. He then proposed
the election of George Parker Bidder, Esq.
This was seconded and carried unanimously.
The honorary directors retiring by rotation, viz.,
Mr. A. A. Low, of New York, the Hon. G. E.
Cartier of Quebec, and the Hon. John Robinson, of

St. John's, New Brunswick, was
was also Mr. W. H. Blackburn,
A cordial vote of thanks was I
man for his indefatigable condw
separated.

ASSIZE INTELLIGENCE.

HOME CIRCUIT—MAIDSTONE, March 19.
CIVIL SIDE.
(Before Lord Chief Jastice Cockburn And a Com-
mon Jury.)

LISTER V. HANSON.
This was an action to recover the sum of £l5O
from the defendant, under an agreement entcred
into, is alleged by the plaintiff, that he should ride
a steeple-chase horse for winning purposes, and that
the winning should be divided between them. The
defendant, his pleas, den ied having mane such an
agreementby
as
the
one
suggested
;
that he had Ron the stun of £289 with the horse in
question, and pleaded a set •off for but he admitted
expenses to the
amount of £350.
Mr. S, rgeant Bollaniine and Mr. Layton were
counsel for the plaintiff; and Mr. Hawkins, Q.C.,
and Mr. G for the defendant.
Tti-Y plaintiff in this action was Mr. Lieter, the
well-known trainer of racehorses, who has a trhin-
ini,7 ePtablishment at Ileinieferd Hall, Btelflorl.
shire ; and the defendant is a horse dealer at
Beverley, in Yorkshire. It seemed that, the plain-
tiff had purchased a mare at the Birmingham
Repository, then known by the name of Echo, for
£5O and that he changed her name to Topsy, and
that he enteredbutht isasmahree
staoid mottle
in several
steele-chses ;
fortupnate,”aand only came in second, and at the time
the agreement was entered into that was the
ground of the action she had only won two or three
was
hurdle races, but was considered a promising animal.
The plaintiff had been on intimate terms with the
defendant for several years, and, according to his
evidence, the latter came to his establishment in
Staffordshire, in the month of July,lB6o, and looked
over his stock and informed him that he was about
to go to Germany, where he did a considerable
trade in his business as a horse dealer, and he wished
the plaintiff to let him take a racehorse with him
that was likely to win in some of the races in that
country, as he said it would place him in a better
position in his own business if he were known to be
the possessor of such an animal, and he desired to
have Topsy. The plaintiff represented that he
at first refused to let the mare go, as there were
many stakes that she was capable of winning in
this country, and the defendant offered to give him
the whole of the money that she won, He told him
that he knew he could not do that, and he ulti-
mately offered to let the defendant have the mare,
undertaking at the same time to run all the
risk of any accident or mischief that might
happen to her, upon the understanding that
the defendant should pay all expenses, and give
him half the winnings. The defendant was repre-
sented to have consented to this arrangement, and he
took the mare away with his own horses, and she
ran at several races, and the parties met at York
races in August, 1860, and the defendant then stated
that the mare had. already won £2OO, but he said he
could not give the plaintiff any money at that time,
as he should want it to pay the stakes for other
races for which the mare was entered, but he handed
the plaintiff a silver cup, which he represented was
worth £lOO, as his share, and to represent his win-
nings down to that period. The mare ran at-several
other races, but not, as it would seem, with any
very great success, the largest stake won by her
being at the races at Baden-Baden, where, it ap-
peared, she was again " unfortunate" in coming in
second, but as it appeared that the horse that came
in first went on the wrong side of the post at the
finish, there was a dispute, and in the result the
mare received the stakes, which amounted to 360
louis d'ors. The" gentleman rider," this being a
race of that description, however, when he received
the stakes, claimed 60 louis d'ors as his share,
and his expenses were likewise paid, and the result
of all the performances of the mare at the different
German race courses was an admission under in-
terrogatories ordered by the Court, that the sum she
had won was £289, but against this there was a
set-off for expenses, as above stated, to the amount
of £350. This set-off was admitted by the plaintiff
to be correct, but it was contended that under his
agreement he had nothing to do with the expenses,
for which the defendant was alone responsible, and
that he was entitled to a clear half of the winnings.
The Lord Chief Justice then summed up the case
to the jury, and said that really the only question
they had to decide was which version of the agree-
ment between the parties was the true one.
The jury retired to consider their verdict, and
were absent for nearly two hours. They then re-
turned into court, and gave a verdict for half the
amount of the winnings by the mare, but, upon the
application of Mr. Hawkins, his lordship directed
that execution should be stayed.

NE liV SPA PEIt
AY ,c• , =-4,41-474
511, i
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Let, an ==. • =. ' •
1 S

THE THIRD EDITION
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ROYAL ENGLISH OPERA, COVENT-
GA RDEI3.
:Jude? the Manazement et Mica Louisa Fyne ar d Mr. W.
-Harrison, Sole Lessees.
'I HIS EVENING Belle's new Opera, the ARMOURER
OF F NANTES • Miss Louisa Pyne, Mrs. Cook, Miss A. Hiles,
Messrs. W. H. Weiss, H. Corri, Santley, A. Cooke, C. Lyall,
OW, W. Harrison.
itfter which. FREYA'S GIFT, an Allegorical Masque, in
VLicia Miss Louisa Pyne will appear.
Conductor—Mr. A. Mellon.