The Sun.
London, England, 1853-10-07 00:00:00

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and passing through a line . country to Port
Burwell—another southern lateral line, leaving the
Great Western at its junction with the Galt Branch,
placing Brantford in direct connection with Hamilton,
and continuing to Simcoe and Port Dover, thus giving
to the fine agricultural districts through which it passes
) communication both to the east and west, and also to the
north ; another cross line is from Niagara to Chippawa,
the importance of which the board cannot too strongly
urge upon the consideration of the proprietors.
All the foregoing lines the directors feel it is the in:
terest and duty of the company to aid the localities in
constructing by every means in their power, provided
Parliament and the Government will adopt and carry
out the principle upon which they are based.
The adoption of this system would of necessity
involve the abandonment of lines of railway which have
been agitated merely for the purpose of creating in this
country competition, and would necessitate the aban-
donment of the connection between the Grand Trunk
and the Toronto and Sarnia lines, which it has been
shown is in defiance of the pledges of Parliament, the
government, and the parties themselves.
This would enable that Company to turn their line
northwards, through the splendid tract of country
stretching to the Georgian Bay —it would provide, with-
out the evils of competition, railway communication
with all the prominent points on the western frontier of
Canada, viz. the Saugeen, Goderich, Sarnia, Windsor,
and Malden ; and it would afford to the various towns
and districts better accommodation than a series of
competing parallel lines, each attempting to vie with and
ruin the other. It would have the effect of benefiting
the Grand Trunk, by procuring for it the hearty co-
operation of this company, in exchanging with it, at its
legitimate termination at Toronto, its proper proportion
of the great travel which must flow on to the Great
Western line at its western termini, and would save the
Grand Trunk the necessity of working an unremunera,-
tive line of 170 miles, and after all, not getting any of
the through travel, if they force us into a state of com-
petition. It would ensure at an early date the doubling
of the Great Western line from London to Toronto, a
measure',which the vast traffic will, under any circum-
stances, soon render indispensable.
All that is wanted to accomplish this is, that the
shareholders, the men who provide the means to carry
these great works into execution, should assert the power
which they possess, I egardless of the interested clamours
of contractors, who having got very heavy prices for
their work, are naturally anxious to get as much of it to
do as possible.

All that has here been stated are facts, and facts alone.
The directors have the greatest confidence in submitting
the case to the shareholders, feeling assured that they
will always be supported in honestly and faithfully en-
deavouring to guard the interests of , hose who have
done them the honour to appoint them to control and
guard this great enterprise.
They would at the same time take this opportunity of
stating, that nothing would give them greater pleasure
than to have the English shareholders send out two or
three of the best and most impartial men that could be
selected, to inquire into the present position and policy
of this company, to inform themselves throughly as to
the facts herein detailed, and to examine into the prospects
of this company's fulfilling the expectations which we
now hold out. To such a commission fairly and impar-
tially selected, t he board would be most happy and reedy
to afford every possible assistance and information. The
Great Western has truth and justice on its side, and
only needs that truth to be analysed and investigated to
place the company in the position which it ought to oc-
cupy ; and the board are satisfied that no other effect
can follow the strictest investigation ill° the Great West-
ern, its position and prospects, than to place it more
firmly and securely in the public favour.
U. J. BRYDGES, Vice-President.
G. S. TIFFANY, Director.
W. P. MeLaREN, "
R. JusoN, cc
H. MCKINSTRY, "
ISAAC BUCHANAN, ``
*E. ADAMS, Mayor of London.
*W. NILES, Warden of Middlesex.
*D. MATHIESON, Warden of Oxford.
*W. G. KERR, Mayor of Hamilton.

* Ex-officio directors, representing 125,0001. of municipal
stock.

UPPER INDIA.

A meeting of scripholders in this company was held
yesterday at the London Tavern ; Mr. F. H. Robinson in
the chair.

Mr. W. BRYSON said, he had taken the liberty to con-
vene the meeting, but he had no doubt they would excuse
him when he assured them that he was actuated solely
by a desire to promote their interests in the present
crisis of their undertaking. Having observed the
correspondence which had taken place a few days
since between the secretary of the Stock Exchange
and Mr. Andrews, the managing director of the com-
pany, by which it appeared that the directors wished
to obtain a postponement of the call of 21. per share,
which had been advertised for the Ist of November, he
(Mr. Bryson) was led, in common with many other
shareholders, to believe that so reasonable a proposi-
tion would be at once acceded to by the directors
of the East Indian Railway Company. He could not
imagine that those gentlemen o )uld for a moment sup-
pose that in the present state of the political and mone-
tary world there was the slightest chance of that call
being responded to. He believed the East Indian Ex-
tension shareholders were in a similar position to them-
selves, 21. per share having been called on the extension
shares, and the holders have the option of taking two
and a-half shares for every share they now hold, on con-
dition of paying 21. per share on or before the Ist of No-
vember. He took it for granted, however, that the ex-
tension shareholders were, like themselves, men of busi-
ness, and alive to the condition of the money-market, and
that it was not probable that payment of the call on their
shares would be made more readily than on the Upper
India shares, seeing that their shares, with 21. paid and
interest accruing thereon, were now at a discount. His
first impression, when he contemplated calling the meet-
ing, was to ask for an extension of time for the pay-
ment of the call, but, on reflection, the aspect of
political affairs appeared even more grave than it
was a short time since, and a considerable period
may probably elapse before a favourable change
may take place in the monetary world. He intended
to submit to the meeting a resolution appointing a
committee, with full power to act on behalf of the
shareholders, and to concert, in conjunction with the
directors, such steps as they may think desirable for the
furtherance of their interests. He thought that course
would be more desirable than aimiag at merely an ex-
tension of the time for payment of the call, inasmuch as,
should no improvement in the money market take place,
it may possibly be necessary to appeal to the Hon.
Rest India Company for an increase of the guarantee of
41 per cent, already conceded. He had reason to be-
lieve that the views he had expressed were shared in
by their directors, and concluded by moving the follow-
ing resolution :
"That a committee be appointed, with full power to
act on behalf of the shareholders, and to confer with
the directors as to the present position of the company,
and to adopt, in conjunction with the directors, such
stops as may be considered advisable to protect the in-
terests of the shareholders."
Colonel S. PERCIVAL seconded the resolution, which,
after a short discussion, was carried, with one dissen-
tient.

The following committee, with power to add to its
number, was appointed to carry out the objects of the
meeting, viz., Colonel S. Percival, Major Johnson, Ma-
jor Archer, Sir H. Maddock, Major Henderson, Mr. F.
H. Robinson, and Mr. Maltby.
A vote of thanks to the chairman concluded the pro-
ceedings.