The Sun.
London, England, 1864-04-01 00:00:00

ATL AN fie TELEGRAPH.

The adjourned meeting of this company was held
yesterday at the London Tavern—the Right Hon.
J. S. Wortley in the chair.
Mr. Saward, the secretary, having read the no-
tics of adjournment for receiving a report on the
completion of the contract for laying the new cable
in the summer of 1865, and to authorise the raising
of additional capital,
The CHAIRMAN said the meeting had been ad-
journed from the 16th March to allow time for the
completion of certain negotiations and arrange-
ments. He was happy to say that the progress of
the negotiations would enable him on that occasion
to impart the necessary information to them re-
specting the contract for the cable. If he did not
lay before them all the details they must consider
that it was not desirable to do so, leaving the mat-
ter in the hands of the directors to carry oat. He
considered this meeting as laying the foundation
stone of the present undertaking, and if they should
be spared for 18 months longer their great work
be in successful operation. The
would, he trusted,
agreement :had been completed with the eminent
firm of Messrs. Glass, Elliot, and Co., for making
and laying the new cable which was chosen by the
scientific committee. It was not only much larger,
but heavier, than the old cable, and more costly.
Its conducting power, insulation, and protection
were far superior to those of the old cable, and cal-
culated to insure suceess. The price was a large
one, £700,000. The paid-up capital of the company
at that moment only amounted to £316,000, bat the
directors had made arrangements to pay the re-
mainder by means of ordinary shares and deben,
tures. Payments would be made as the work pro-
ceeded, and the cable would be tested as the work
went on. If, as they confidently expected, the cable
should be perfectly successful to earn a good income
a bonus of ordinary shares would be handed to the
contractors from time to time, provided the cable con-
tinued in working order to the amount of L 137,000,
. which would be an addition of 20 per cent. to the

price of the cable. He was at liberty to say that the
paid•up capital should be increased to £350,000 in
cash, £250,000 of guaranteed shares would he issued
gradually as the work proceeded, and debentures to
the amount of £lOO,OOO would be issued in dike
manner, making up the sum of £700,000. The coV-
tract had not been signed, although it bad been ap-
proved by both sides and also by their legal repre-
sentatives. They would ask the shareholders and
the public to subscribe the necessary amount to in-
crease the paid-up capital from £315,000 to
£350,000. He was happy to say the public had
now much more confidence than formerly in the
success of the undertaking, bat if even they should
❑ot be able to raise the additional capital by the
issue of 8 per cent. guaranteed shares, it was so ar-
ranged that that circumstance would i❑ no way
impede the progress of the works, or delay them for
a moment. He concluded by moving a formal re-
solution to the effict that the meeting having heard
the chairman's explanation of the contract with
Messrs. Glass, Elliot, and Co. expressed its approval
of the same,

Mr. DEWSBURY seconded the motion, and it was
carried ur•.auimous'y
On the motion of the CHAIRMAN, seconded by
Capt. HAMILTON, the directors were authorised to
issue under the Company's Act, 1859, 5.857 shares
of £2O each, of the nominal amount of £137,040, so
soon as the contractors have successfully laid the
cable, from time to time, credited in the books of the
company as fully paid-up shares.
The CHAIRMAN moved that the directors be
authorised to issue £lOO,OOO of debentures autho-
rised to be issued under ttp Amendment Act, on
such terms as might be agreed upon.
Mr. E. MOON seconded the motion, and it was
carried unanimously.
The proceedings concluded with a cordial vote of
thanks to the chairman and directors.

SPORTING INTELLIGENCE,

CATTERICK BRIDGE RACES.-THURSDAY.

The Craven Handicap of 5 sovs each, 2 ft, with 25 added;
winners extra ; second saved his stake. One mile. 8 subs.
Mr Watt's Miss Armstrong, 4 yrs, Bst 71b (J. Snowden) 1
Mr Clayton's Brother Sam, 4 yrs, 7st 101 b ....(Doyle) 2
Mr IW. I'Anson's Little Hannah filly, 3 yrs, Est 81b
(Kelly) 3
Mr T. Dawson's Madame Patti, 3 yrs, Est 101 b (ilarsou) 4

Betting-5 to 4on Miss Armstrong, 2to 1 agst Madame
Patti.

Won by two lengths ; a length between second and third.
The Sixteenth Dishy Triennial Produce Stakes of 10 sovs
each, for two-yr•olds. About half a mile.
Mr Osborne's Wild Agnes, Bst lib (Whiteley) 1
Mr Jackson's Side Wind, Bst 31b .. (Doyle) 2
Lord Zetland's St. Magnus, Bst 71b (Snowden) 3
Lord Zetland's Tabitha Bramble, Bst 31b.. (C Harrison) 4
Betting 5 to 4 on Wild Agnes, 5 to 1 agst Side Wind, 8
to 1 agst St. Magnus, 10 to 1 agst Tabitha Bramble.
Won by two lengths.
The Fifteenth Easby Triennial Produce Stakes of 10 sovs
each, for three-yr-olds. About one mile and a half.

Mr Giubilei's Bel Demonio (late Harvest Me 11), 'Bst 91b
(French) 1
Mr Bowes's War Dance, 7st 11lb (Cballoner) 2
Lord Zetland's Revival, 7st 91h (J. Snowden) 3
Betting-5 to 2on Bel Demonio.
Won by a neck ; the same between second and third.

The Fourteenth Easby Triennial Produce Stakes of 10 soya
each, for four-yr-olds. Two miles.
Mr Masterman's Honest John, Bst 51b (Snowden) 1
Mr J. Osborne's Fanfaron, BGt 41b (Whiteley) 2
Betting-7 to 4on Honest John.
Won by a short head.

The North Riding Members' Plate, for hunters. Two

miles.

Benedict
Tom Brown (Owner) 2
Ace of spades (Captain Little) 3
Betting—Even on Benedict, 5 to 4 agst Ace of Spades.
Won easily.

ALDERSHOT CAVALRY BRIGADE ESTEEPLE-
CHASES.—WEDNESDAY, March 30.
These steeplechases. under the patronage of Lieut.-Gen.
Sir J. L. Pennefather, K.C.B. (commanding the division
at Aldershot), and Major-General Hodge, C.B. (command-
ing the Cavalry Brigade at the same place), came off on
Wednesday at Normandy, in Surrey, about six miles from
Aldershot. The weather wrs very unfavourable, rain and
snow having fallen heavily during the preceding night,
rendering the ground very heavy. There was nothing in
the racing to call forth any special remarks. The field was
a good one, with some stiff jumps, and made a ditch with
some ten feet of water in it. A. keen north-west wind blew
during the early part of the day, but towards the finish the
sun came out, and the last two races were run
.in weather
more like June than March.
The Carabineers' Challenge Cup, value 100 sovs, 'the gift
of W. E. Dakin, Esq. ; 12st each ; winners extra.
About three miles, over a fair hunting country.
Mr 'Joey's Zeda (Owner) 1
Captain Smith's Polly Hopkins (Owner) 2
Mr Godman's Popsy ..(Owner) 3
Captain Cooke's Rufus (Owner) 0
No betting. Won in a canter ; bad second.
The Royal Dragoons Regimental Cup, presented by C apt,
Keane Fitzgerald, late of the Royal Dragoons, added to
a Sweepstakes of £3 each, with £3O added ; 12st each.
About three miles. 14 subs.
Major Ainslie's Miss Arthur ..(Mr Hutton) 1
Mr Griffith's Crick (Owner) 2
Captain Robertson's Potheen (Owner) 3
the following also ran :—Blackbird, White Lies, Dul-
cimer, The Liffey, Punch, Kingfisher, and Little Wonder.
Betting-3 to 1 agst Miss Arthur, 4to 1 agst Potheen,
and Crick.
Several severe falls, but no great damage done, Won by
a couple of lengths ; six lengths between second and third.
13th Hussars Regimental Challenge Cap, value 100 sovs,
by horses the property of, and ridden by, officers of the
13th Hussars, to become the property of any officer win-
ning it twice in succession ; 12st ; post entries.
Mr C. C. Higgins's Nabob, 12st (Owner) 1
Mr W. Mitchell Innes' Rupert, 12st llb ',Owner) 2
Dr. Armstrong's Patent Safety, 12st 51b (Owner) 3
Maid of the Glen and Windsor also ran.
Betting-2 to 1 agst The Nabob, 3to 1 agst Windsor and
Maid of the Glen, 5 to 1 agst Rupert and Patent Safety.
Won in a canter by half a dozen lengths; Windsor had
an ugly fall during the first round, and was out of the race
entirely.
Division Steeplechase, excluding Cavalry and Royal Horse
Artillery; 5 soya entrance, 2 sovs ft, and £75 added;
12st; winners extra. About two miles, winners to pay
£5 towards expenses.
Captain Stirling's (Royal Artillery) Bryan, 12st 71b
(Owner) 1
Mr Turnbull's (Royal Artillery) Topthorne, 12st
(Mr Brancker) 2
Mr Gosling's (60th Rifles) Happy Jack, 12st 41b
(Mr Farmer) 3

Cohen Bawn also ran.
NJ betting.

Won by a length only ; Topthorne fell at the water-jump
in coming in, and lost the race in consequence.
Cavalry Brigule Steeplechase, including Royal Horse Ar-
tillery ; 6 sovs entrance, 2 soya ft, with 60 sova added ;
12st, winners extra. Three miles.
Mr C, C. Higgins's (13th Hussars) The Nabob, 13st
(Owner) 1
Captain Greatrex's (13th Hussars) Electric, 12st
(Mr. Innes) 2
The following also ran :—WindEor, Topthorne, Rail-
lery, and Scarboro'.
Won by a length.
Mr. Higgins, the owner and rider of The Nabob, has
been singularly fortunate with his horse, having won the
same two races last year, as also the Grand Military at
Windsor. He was loudly cheered as he rode into the
enclosure after the race. Raillery fell at the last fence
but one coming in, broke his back, and was subsequently
destroyed.
13th Hussars Sweepstakes of 5 sovs each, with 30 added;
owners up; list 71b. About three miles.
Captain M'Neil's Sambo, list 1Mb.... (Captain Bengal) 1
Dr Armstrong's Mickey, list 111 b (Owner) 2
Mr Home's The Fiddler, list 101 b (Owner) 3
Dairymaid also ran.
No betting. Won by 150 yards.
Royal Dragoons Welter Race, a Sweepstakes of 3 sovs
each, with 30 soya added; 13st each. 9 subs. Three
miles.
Major Ainslie's Miss Arthur
Captain Robertson's Violin
Captain Collman's War Eag1e........ (Mr Richardson) 3
................
.r. Hutton) 1
The following also ran :—Confederate, Old Slog, Stocks,
Marmalade, and Cyclops.
Miss Arthur had it all her own way, and won a good race
by several lengths.
The Carabineers Sweepstakes t 10 soya each, h ft ; winners
extra. Cup Course.

(Mr Godman)
Mr Hoey's Fidget ... ....................
Captain Smith's Curaghtnore ................ (Owner) 2
The Steamer also ran.
No Betting. The Steamer threw his rider early in the
race, cutting his face severely. Fidget won easily.
Match, 10 sovs, catch weight. One mile and three-
quarters.
Captain Coney's (Royal Dragoons) pony Tommy (Owner) 1
Captain Gratrex's (13th Hussars) pony Toni (Owner) 2
Won in a canter by 100 yards.
Consolation Handicap, 2 soya each, 11 it, with 20 added, for
all beaten horses in the Division.

Colleen Bawn, list
(Owner) 1
Oaptain Goodwin's (6th Regiment)
Captain Smith's (Carabineers) Polly Hopkins, list 101 b
(Owner) 2
Captain Coney's (Royal Dragoons) Blackbird, 1 lct 71b
(carried 11 at 101 b) ................................ 3
Mr Maclean's (Royal Dragoons) Little Wonder, list 71b
(carried llst 9lb) .
.....

Kingfisher and White Lies also ran.
Colleen Bawa was made favourite at 4 to l, and won
easily by a couple of lengths ; good third. White Lies fell
at the first fence, and, with Kingfisher, did not pass the
judge's box.
The racing was protracted:to a very late hour, the Con-
solation Scramble not being over till solo minutes past 6
o'clock,

SECOND EDITION,

SUN OFFICE, HALF-PAST 4 O'CLOCK.

_
SPORTING INTELLIGENCE—This Day,

CROXTON RACES.—Tars DAY.
(BY ELECTRIC TELEGRAPH.)
FARMERS' PLATE—FIRST HEAT.
Lady Katherine 1
Valiaut
Eighteen ran.
BELVOIR CASTLE STAKES.

Gleniusk
The Clown

Six ran.
SCURRY STAKES.

Duke of Cambridge
Garotter

2

Five ran.
GRANBY HANDICAP.

Bathilde .. .
• •• 1
Loiterer
Five ran.
THE CUP.

Flatton
Jack o'Newbury .
BILLESDON STARES.

Ambrose ..
Haycock
__.

Nine ran.
WALTHAM STAKES.

Money Spinner
Brown Brandy
Tring