The Sun.
London, England, 1852-05-07 00:00:00

MAJORITY—AYES 165
Arbuthnott, Hon. 11. Farnham, E. Mußings, J. R.
Arnhdall, Captain Fellowes, E.:, Mundy, William
Arkwright,- G. '. - • Ferguson, Sit.' R. Mure, Colonel
Bailey; Crawshay Filmer, Sir E. Naas, Lord
Baillie, IL J., ; ,
Baldock, E. H. Forbes, Neeld, John
Bankes, G. - ' ' Forester :C. Neeld, Joseph
r.
Barrington, Lord , Fox,' S. . - Newdegate, C. N.
Barron, Sir H. Freuchfr. Newport, Viset.
Barrow„ W. H. . Galway, Viscount Noel, G. J.
Bennet; Philip Gilpi , Colonel ' O'Brien, Sir Luelus
Beresford, William• (loot, SiriE. S. Oswald, Alexander
Bernard, Vhcount .. ~ uotA, W. R. 0. --Owen, Sir John
Bolden), H. G. . ce. 0. D. J. Puke, C. W.
Booker, T. W. er, T. C. rakington, Sir John
Bowles, Admiral an, Henry Palmerston. VLscount
Bramaton, T. W. , Edward - - Tennant, Colonel
Bremridge, Richard se7, Lords, Plowden, W. IL
Bridges; Sir B. , Howel Portal, Melville
Brooke, Lord = Halford, Sir H. Powlett, Lord W.
Brooke, Sir A. r Hall, Colonel Paw, P.
Bruce, C. L. ; -Hamilton, Geo. A. Repton, G. W.
Buck, L. W. : Hamilton, Lord C. Scott, Francis
Buller, Sir J. Y. Harding°, C. S. Sibthorp, Colonel
Banbury, William 'Heald, James Smyth, John George
Burghley, Lord Heard, J. I. Sinollett, A.
Carew, W. 11. ,Pole Henley, J. W. Spooner, Richard
Cayley, E. S. Berries, J. C. Stafford. Augustus
Chatidos, Marquis of Hildyard, T. B. T. Start, Henry G.
Charteris.' Francis Hotham, Lord Thesiger, Sir F.
Chatterton, Colonel Jermyn, Earl Thompson, AM.
Chichester, Lord J. Jocelyn, Viscount Tollemache, F. J.
Child, Smith Johnstone, James Tollemache, John
Christopher. R. ' Jolliffe, Sir W. 11. Trollope, Sir J.
Christy, Samuel Jones, Captain Tyler, Sir G.
Clerk Sir G. Kelly, Sir F. ' Tyreil, Sir J. T.
Clive, Henry 11: Kerrison, Sir E. Verner, Sir W.
Cobbold, J, C. Knox, W. S. Vesey, Hon. T.
Corry, H. Langton, W. H.
Villiers, Viscount
Cotton, W. H. Lennox, Lord A. Vivian, J. E.
Cubitt;Aldennan Lennox, Lord H. G. Vyse,
H. R, il,
Davies, D. A. S. Leslie, C. P. Waddington, H.. S.
Disraell,B. Lockhart, A. E. Wall, C. B.
Dud, J. IV. Long, W. Walpole, S. H
Drumlamig, Viscount Lygon, Gen. Walsh, Sir J. B.
Mandeville, Viscount Whiteside, James
Druminond, Henry M`Taggart, Sir J. Walter, John
Manners, Lord C. Williams, T. P.
Drummond:, Home Mahon, O'Gorman Wellesley, Lord C
'Manners, Lord G. Willoughby, Sir 11.
Di)Dauunnneoccoorammbbbeee,,,
WAO... B .
Dunne, Colonel Manners, Lord J. Wynn, H. W.
Du Pre, C. G. March, Earl of Yorke, E. T.
Egerton, Sir P. Mannsell, T. P. : Young, Sir John
Einlyn, Viscount Maxwell, J. P. TELLEILtI.
Estcourt, J. R. B. Miles; William Bateson, T.
Evelyn, William J. Morgan, 0. Mackenzie, W. F.

RAILWAY INTELLIGENCE.
• . SOUTH-EASTERN RAILWAY.
A special meeting of this company took place
yester-
day at the Bridge-house lintel; Mr. James Macgregor
in the chair.
The meeting was called for the purpose .of oonsider-
ing the draft of a Bill, by .which,it za- iitetaded to merge
the undertaking of rhe'Rea.elink, Guildford, and Rei-
gate Railway Company in the undertaking of the South-
Eastern Railway Company, and to dissolve the former
company. • ' , - ,
The Secretary having read the' notice convening the
meeting. . ,
The Oman:mate• said the Bill- wh:ch was to come
under the consideration of the meeting had passed the
House of Commons, and had been rend a first time in
the Lords. There had been no alteration in the prin-
ciple of the Bill; but the 41,0001.-per annum, payable
under the existing lease, was by this Bill divided into
annuities, payable to those who hold the stock of the
Reading, Guildford, and Reigate Company. The ob-
ject of the Bill was to amalgamate the two companies,
in order to avoid the expense of a separate manage-
ment, and the subject had been before the pro-
prietors since the year 1846: lb ; (Mr. Mac-
gregor) was aware that the impression upon the
minds of some of the proprietorawas that the pass-
ing of this Bill, would increaser.the liabilities of the
South-Eastern Company, but 440' 'would inform them
that the lease was equally yrwep valid ut._
ont this Act of Par-
liament. At the present time thitteading, Guildford,
and Reigate line was an incompletuled mutilated under-
taking,been that by- means of this line harrow-gauge 4rrow gauge lines
. -
in the south would acquire means- ' -
and the views of the
mmunication with
and Reigate, a very valu-
able—'4nd it was a pledge
L
to. Parliamertte.:44_ the ,part of, the-great 'Western, 4n
1846, that they'would continue the narrow gauge from
rs since 1846 had
tohxeronradrrtoowß-geaaudginegl,inaensd:inßtahsiePunr:o::ke,
property. The subject had been so frequently dis-
cussed would have
cmuasdseedtahte tßheeamdienegtinGgusioldflothrid; company, that he thought
it unnecessary to do more on the present occasion than
propose that the Bill be approved.
The motion having been seconded by the deputy-
chairman of the company,
Mr. J. WILSON inquired whether, under the standing
orders of the House of Lords, it was not necessary that
the Bill should be approved by foutafifths of the pro-
prietors present? He (Mr. Wilson) apprehended that
on ati occasion like this the vote was irrespective of the
amount of stock held by each individual. Mr. Wilson
appealed to the solicitor on this point.
The SOLICITOR had no doubt that the number of votes
would, guide the Committee, and not the number of per-
sons present.
Mr. WILSON begged to differ from the legal gentle-
man on that point. He (At.. Wilson) protested against
being forced into an alliance with another company,
which was completely foreign to the undertaking for
which they, as South-Eastern proprietors, had subscribed
their capital. They had subscribed for a railway from
London to Dover, and he contended they had no right
to be burdened with a line which entailed upon them a
loss of 30,000 i. a year.—( [leer, hear.) And even
though he should stand alone he would oppose such a
measure.

The CHAIRMAN said the lion. Proprietor had left oat
of sight the fact that an agreement for the lease of this
line was entered into in 1846, before the line was made,
and upon the faith of that agreement the capital of the
Reading, Guildford, and Reigate Company was sub-
scribed; and he (the Chairman) would leave it to the
gentlemen to say whether in 1852 they would repudiate
an agreement entered into in 1846. As to the legality
of the agreement there had been ample time and oppor-
tunity for testing it; but upon that point he would say
there- was not the slightest doubt. . . '
Mr. M'LAREN also opposed the Bill, and complained
that throughout the whole transaction the South-Eastern
proprietors had been kept in the dark. There had, he
said-, been- no 'fewer than three separate arrangements,
all differing from each other. The chairman had
stated that the first agreement was in 1846, but that
was only forleasing the eight miles of line from Read-
ing to Dorking, with the option of leaving the rest of
the undertaking. On the 17th March, 1847, a fresh
contract, it appeared, was entered into, by which they
were to pay si per cent. upon a capital of 600,000/.; and
by
the third arrangement the' 600,0001. capital was
increased to 800,000/., 200,0001. being at 4f per
cent., and 600,0001. at 51 per cent., making' the ave-
rage upon the whole 800,000/. 5k per cent. He (Mr
MeLaren) would undertake to say that there was not a
man present who was not in thte dark as to the real na-
ture of the agreements. At the last meeting of this
company a fourth alteratioh was made in the arrange-
ment; they were now to have a rider over their prefer-
ence shares, and it was to be put into the form of anian-
nuity to ride over every other responsibility of the com-
pany, bondholders, and all. For his own part he had
never seen any agreement, nor had he ever- been in-
formed, as a proprietor, of the equivalents they were to
receive for the payment of that
e amount of interest on
the 800,0001. of the capital of thßeading, Guildford,
and Reigate Company. Re bd.
they sho ld he had shown
sufficient reasons why
Mr. RICH (a director) would'
whether if the Reading, put it to those present
nie:teedupport the Bill.
g, Guildford, and Reigate lease
had been as profitable an arrangement
proved unprofite as it had, unfor-
tunately,heard of any objections to they would ever have
question whether the agreement
He did not look upon it a lease or amalgamation?
a question of profit and
loss, but simply ass q
was binding upon them or not,
ot, and whether, as honest
men, they would refuse to ratify
upon the ground that it an agreement solely
Was
ment. an unprofitable arrange-
Mr. APLarteer considered •
from the way in which the a himself an honest man, but
upon them, he did not considergreement had been forced
morally or le al himself bound by it either
Mr. Rica—The alteration
which the lion. Proprietor hads in the arrangement to
difications, and each successive
South-Eastern modification had been
himself, he woald be the 1 proprietors. As regarded
agreement once made. last person to depart from an
Mr. MiLAREN sai the Principle laid down by the
Hon. Director might d be excellent in his own private
transactions, but, acting o,s a trustee, he (Mr. BPLaren)
felt that the proprietors
wereenterd
agreement improperlynot bound to fulfil au
• Mr. Alderman SeeoeioNs into.—(flear, hear.)
Guildford, and Reigate), ref ended
uf the Reading,
nded the course be had pur-
sued iu this matter. It was'etrue,Read-
ing, he said, that the Read-
an independent undertaking Railway was projected as
gamed as a put of the South. Eastern
it had always been re-
directors of the South-Eastern Eastern scheme, and three
They had Parliamentary had sat at the board.
sanction for a guarrnteo of 44-
per cent., but there was
from which the thisembarrassree extraordinary agreement
sisted upon as a primary condition
mainly arose. It was in-
first be opened from .!tien that the line should
Read
they could open the more profitable t° Guildford before
had &hie
insinuated portion, viz., from
Reigate to Dorking. It
his own diplomacy or wisdom hen
that, by
dolt 51 per cent. for his company e had succeeded in get-
Salomons) had no more to do .; but he (Alderman
revith that than any one in
1 that room. A' very old pro
oPeeietor, :Ind a large holder
in the SOnth-Eastern, now d
self made that arrangement witabsed (Mr. Maubert), him-
the
he (Alderman Salomons) knew South-Eastern, and
mile to the meeting at which itnothing about it until he
Upon that being the ease he cana" brought forward.
ings of his proprietors, who were
three or four meet-
to conclude the bargain as ho naturally anxious
ho ' (Alderman Salomone) speedily as possible; bat
as chairman and director, at zed his seat, both
holders• rather than eanction eehat feet of the share-
undue precipitancy int_making a might be considered
(Hear, hear.).. The on. Gentletresperity bargain.—
remark—With regard to the line" then proceeded to
gentlemen present that if the South.tself, he could tell
to part with the Reading, Guildford, and had chosen
he could; have sold it twice over betweeand Reigate line
and they would Ond notice of a Btu
for
1846 and 1848,
the line by the Sontb-Western. It was he
powers to buy
constructed line within twenty or thirty meilirst cheaply.
and when a railway communication
.was aof London;
Dover to Oxford, and from Dover rigiaotoneplete from
Birmingham, they might reasonably ethrough to
apect that
large quantities. of goods and merchand-
ise would be
booked through for shipment at Folkestone. bat
was, they were sitting in judgment upon an as ut as it
n incomplete
concern. The Hon. Gentleman contended that the
agreement between the two companies was one
honest, open, and straightferward character. of an
It was to
be borne in mind that the Reading, Guildford, the south.
and Rei-
gate Company handed over to E
100,000 w in hard cash, whilst the cost of construct"satere
the
line was not more than about 700,0001.; and how would
separate that 100,000/, from their Own
cash eyhould
event of their repudiating this agreement, to do which,ith
he contended, would be worse than Mississippi rep dia
tion, and he (Alderman Salomons) should be surprisedell-
if any gentleman could be found to do it.--(gear.)
Mr. GEORGE SMITH opposed the Bill.
Mr. HEATH had no intention to repudiate any agree-
meet legally entered into; but if they gave their sanc-
tion to this Bill it would put an end for
,ever to the
question of the validity of the agreement itself, which
he contended had never been decided upon by any com-
petent tribunal. It would appear from the statement of
the chairman that the agreement for the lease was en-
tered into before the line was even begun to be made.
The 50th section of the Act gave authority to lease to
the South-Eastern—the fair meaning of which he took
to be, when the line was made. There was no railway
to lease four or five years ago.
The CHAIRMAN having repli“l, ho proceeded to
put
the resolution approving of the Bill, when
Mr. I,I‘LAuEN moved as an amendment, that the
meeting should be adjourned for three months, which
was seconded by Mr. JOSIAH WILSON.
Amidst some confusion a show of bands was taken
upon the amendment, which the
,Chairman declared to
be lost.
Upon putting the original resolution, the Chairman
stated that, however, it might be determined by a show
of hands, a poll would be demanded.
The CHAIRMAN &aired the show of hands to be in
favour of the resolution, but that decision was some-
what noisily disputed by a number of shareholders who
were opposed to the Bill.

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offered, it will be as well to give an explanation of the
t
a structure perfectly safe against the strongest hurri-
canes. In tho °entre is a large octagon, conesed of
twenty-four columns, which spring from the fodEdation,
in which they are securely imbedded to the very top of
the building. Adjoining is a decagon, similarly con-
structed, forming the second tower in the elevation, and
rising to the second gallery of 840 feet. The dodecagon
tower also springs from the foundation, and is carried up
to an altitude of 660 feet. We then see a square of
columns measuring 120 feet on one side: this likewise
rises from the foundation to where the clock is placed,
and is surmounted by four turrets. which lend their aid
in supporting the building, and screen in some measure
from the wind those adventurous visitors who arrive at
this aerial promenade. Another square of larger di-
mensions abuts on all these, and rises to a level of 198
feet, upon which four galleries, each 120 feet in length,
are to be constructed. Similar small turrets are to be
planed at the four corners. In addition to this accumu-
lation of strength in columns and girders, a portion of
the south front of the transept is added to each side of
the square, forming a cross; not only as an abutment,
but with a view of perpetuating the most elegant part
of the present building, and handing down to posterity
the entrance through which so many thousands passed.
The four halls of glass formed by this cross might be
reserved for choice plants. eec., with appropriate statuary
ornamenting the outside and relieving the general effect.
If we suppose four of the upright columns, wish four of
the girders attached, and bolted to firmly-fixed cradles
in the foundation, it will give a notion of a hollow cube
of brick or stone of similar dimensions. Were the
building constructed of such cubes, it would not be so
strong or durable as of the material so opportunely pre-
sented. If we imagine a give-and-take line passing
through the section from the outer colonnade columns
curving up through the towers towards the top of the
octagon, a figure similar to the outline of the Eddystone
Lighthouse will be presented to the mind. The clock is
of proportional size to the tower, being 44 feet in
diameter, with figures 10 feet long; its elvation about
440 feet above the terrace, and many feet above the
the cross of St. Paul's; the gallery over it is somewhat
lower than the Groat Pyramid of Egypt; and were St.
Paul's Cathedral placed on the top of St. Peters, there
would then be room for the Nelson's Column, which
would about reach the Crystal Tower's summit. The
little squares in the octagon represent four carriages or
ascending rooms, which are to be continually running on,
or rather up, a vertical railway, to the glazed gallery at
the top of the octagon, where the visitors may observe
the view around, sheltered from the wind. There is
also a platform gallery on the very summit, for the more
adventurous. The view from any of the galleries would
be magnificent in the extreme.—Messrs. Fox and Hen-
derson have expressed their conviction that the project
could be carried out.—Builder.