The Sun.
London, England, 1853-09-14 00:00:00

RAILWAY INTELLIGENCE.

SHREWSBURY AND CHESTER.

A special meeting of this company was held yesterday
at Chester, for the purpose of taking into consideration
the proposal of the Great Western Company for amal-
gamation on terms which are calculated as equivalent to
4 per cent. There was a very full attendance of share-
holders. Mr. John Williams presided.
The Secretary having read the memorandum of agree-
ment with the Great Western Board, which has already
been published,
The CHAIRMAN commenced by remarking that they
were met to discuss the very important question—how
the Shrewsbury and Chester Company was hereafter to
be disposed of. After referring to the traffic and other
agreements with the Great Western Company in the
year 1851, he said that the question they had now to
discuss was, whether they would accept the terms now
offered to them. He wished the shareholders, however,
to understand that the original agreement with the
Great Western Company had not been abandoned.
That company held that that agreement was binding,
and they reserved to themselves the right, should there
be any departure from it, to take such steps as
they
should be advised to adopt. But for the sake of the
present discussion, he thought that the best thing for
them to do would be to discuss the proposed amalgama-
tion as if nothing had happened before ; not at all ad-
mitting that they were not bound by what had been
done on a former occasion. Then, how did the matter
stand ? The shareholders individually in the company
might look at their interests as they thought proper ;
but the directors must look at the interests of the com-
pany and the public as a whole, and advise the share-
holders to take such steps as they might consider
for the best. He must frankly tell the meeting that,
if the directors as individuals followed their own interest,
they would be the advocates of an alliance with the
London and North-Western Company, because, strange
as it might seem, the 12 directors had great interests in
the London and North-Western Company, and none in
the Great Western. He believed there was not one of
them whose private interests would not lead him to an
alliance with the London and North-Western Company.
(Hear, hear.) Actuated, however, by a desire to con-
sult the public interests, asd not their own private inte-
rests, the board was unanimous in recommending to
the shareholders a Great Western alliance. (Hear,
and cheers.) Let them look at the present state of
things. He had had some difficulty in making out what
was the nature of the offer which had been made to
them by the London and North-Western Company.
Mr. GORDON THOMPBON.—Name the offer before you
comment upon it. (Cries of " Chair, chair !" and
" Order, order !") I only wish you to name the offer of
the London and North-Western Company.
The CHAIRMAN, in continuation, referred to a circular
written on the sth of September inst. by Mr. Stewart,
the secretary of the London and North-Western Com-
pany, which was to the effect that the London and
North-Western board were ready to concur with the
Shrewsbury and Chester Company, in the next session
of Parliament, in seeking to obtain a bill securing to the
Shrewsbury and Chester Company 41 per cent. I order
to carry out this arrangement, the London and North-
Western Company undertook to introduce a bill into
Parliament to lease the Shrewsbury and Chester Rail-
way upon such terms as should enable them to pay the
Shrewsbury and Chester 44 per cent. If that was the
offer, it came rather singularly after the report of Mr.
Cardwell's committee, which recommended that no
working arrangements with other companies should be
sanctioned, except for limited periods. If that commit-
tee's report was to be acted upon, what became of the
lease in perpetuity which was involved in the London
and North-Western Company's proposal ? The report
of Mr. Cardwell's committee also stated that no amal-
gamations should be sanctioned except in the case of
small companies, or in special cases ; unless, therefore,
there was something in the proposal of the London and
North-Western Company which came within the scope
of this report, the proposal was absurd. The chairman
then, at considerable length, explained the proposals of
the Great Western Company, and having reviewed that
of the London and North-Western Company, he ex-
pressed, on the part of the board, their decided prefer.
ence for the Great Western alliance, stating that, al-
though the London and North-Western offered them
4.i per cent., the security for it was bad, and that on
public grounds, as well as for the interests of the share-
holders, it was desirable to amalgamate with the Great
Western Company. He concluded by proposing the

following resolution :
"That the memorandum of terms proposed for the
amalgamation of this company with the Great Western
Railway Company, together with the supplemental arti-
cle now read to the meeting, be and they are hereby ac-
cepted and ratified, and that an extended agreement be
forthwith prepared and executed under the common seal
of this company, containing all usual and proper cove-
nants, the same to be settled and approved between the
companies by counsel to be mutually selected for that
purpose. That the directors be and they are hereby
empowered and required to do all further acts which
may be necessary for giving effect to the objects of the
said agreement, and to apply to Parliament for a bill for
sanctioning the amalgamation upon the terms herein
approved."
Mr. HAsWELL seconded the motion.
Sir W. JOHNSTON, of Edinburgh, opposed the motion
at great length, and concluded by proposing an amend-
ment, to the effect that no offer from any company be
considered until after the half-yearly general meeting.
Mr. KENNEDY, of London, seconded the amendment.
A long discussion ensued, after which, on a show of
hands, the original motion was carried.
On the motion of Mr. GORDON 'THOMSON, a poll was
demanded, and, Mr. Lowe and Mr. Kennedy having
been appointed scrutineers, the meeting was adjourned
to 7 o'clock.
At seven o'clock there was a majority of above 3,500
in favour of the chairman's motion. The official decla-
ration is to be made on the 14th.

0 half D - ON
yearly
DE R R
meetingY
TheeN of
fDthEis coNNlmSplialnLyLwEasN.
held
yesterday at the offices, Coleman-street-buildings,
Moorgate-street, Mr. G. Tyrrell in the chair.
Mr. HEMMING, the secretary, read the report, which
stated that an additional section of the railway, namely,
from Oina,gh to Fintona, was opened on the 15th of
June last, making 41 miles open for traffic. Haying
due regard for public safety, and considering the accom-
modation required for conducting the trade of the com-
pany, the directors felt that upon a railway 60 miles in
length, it became imperative on them to provide ample
facilities for the crossing of trains. As the best means
of effecting this object they determined to convert the
middle 10 miles, namely, from Newton Stewart to
Omagh, into a double line, and the works necessary for
this purpose have been completed, and the second line
of rails has been examined and approved by the Govern-
ment inspector. The works upon the 19 miles from
Fintona to Enniskillen are actively progressing, and
the directors look confidently for the opening to Ennis-
killen before the close of the present year. The bill
authorizing the construction of a railway from Ennis-
killen to Sligo has passed into law. The construction
of the Sligo line must be productive of beneficial effects
on the railway, of which it is a direct continuation,
opening up to it the town of Sligo, the cattle-producing
districts of Roscommon, and the rich mineral fields of
the county of Leitrim, in which mining operations for it
coal and iron are now to a large extent successfully car- 1
ried on. An act has been obtained by another company
for the construction of a railway connecting Lough
Foyle with Lough Swilly, by which the produce of the'
immense district of the country lying along the shores of
Lough Swilly, and the more distant parts of the county
of Donegal, will be collected and drawn to Londonderry.
The Londonderry and Coleraine Railway was opened
throughout on the 18th of July last. The beautiful
character of the scenery along the line, the facilities for
--='-' sea-bathing which it affords, and its proximity to the
THE BODY OF A MAN FOUND IN A POND.—Up to Giant's Causeway, have already attracted to it the at-
Sunday last the wife and friends of a man named tention of tourists and pleasure-seekers. By means of
Edmund Barker were in a state of mental agony, aris- the extension line to Castle-Dawson and the Cookstown
ing from the absence of the latter person from his home extension of the Belfast and Ballymena Company,
for
since Wednesday evening last, without their being able which acts were obtained in the past session, the railway
to gain any tidings of him. Barker, it appears, was communication between
ti Londonons a dernew coach rasa will
landlord of the Grapes beer-house, in the pariah of St. be completed. By great exerd has
Helen's, and acted in the capacity of brewer to Mr. been brought into operation from the present terminus
Taylor, of the Vine Inn, St. Clement's. A few days at Fintona, through Monaghan, to the Dundalk and
prior to the time of his being missing he appeared to Enniskillen Railway at Castleblaney. Means have also
have been in a low and desponding state of mind. Oa been adopted for creating a mercantile and agricultural
Wednesday evening last he went home at his usual hour I traffic along this route. The company was met by the
to tea, but, as was not his custom, he went upstairs, i inhabitants of Fintona and the landowners of its inane-
where, after staying a brief period, he returned to the diate vicinity with such public spirit an
to card d liberality as
into
lower room where his wife was at tea. After drinking enabled the directors by agreement y
a cup of tea, at the solicitation of his wife, he directly the centre of that town. The whole of the shares re-
left his house as if going back to his work to the Vine, issued to replace those forfeited ahndereby p merged have bee,
but it appears, that, instead of his going in that direc-
all taken up by the andproprieto being issued at a re-
the Woodbridge-road. About nine or ten on Wednes- mium of 10s. each, a bonus of 2,0951. has been realised
day evening his master, Mr. Taylor, sent to Barker's thereon. The result of the half-years working shows a
house to ask the reason why he had not returned to balance of 3,9541. at credit of profit and loss, and is suf-
his work after tea. The suspicions of the wife of the ficient, with a small addition from the reserve, to pay
poor man now became excited, and recollecting the the usual 5 per cent. per annum on the preference shares,
leaving a balance
unusual circumstance of her husband having gone up- and ss. each upon the 251. shares, which dividend the
stairs just before he left his home she examined the bed- directors recommend. The directors have the utmost
room, where she found her husband's watch and money . confidence that when the line is completed to Ennis_
lying upon the table, on perceiving which the thought killen, the working of the railway will fully justify the
flashed across her mind that he was gone to destroy him- expectations formed of it, and yield to the proprietors a
self. Every inquiry was now instituted to ascertain, if . satisfactory return upon their outlay. The capital ac-
possible, what had become of him ; the wet dock and count to the 30th of June showed that 459,502/. had
other places were searched, but without avail. How- been received, and 459,608/. expended,
ever, on Sunday afternoon, John Pitt, a man named of 1051. against the company. The revenue account for
Peeling, and two others, who knew Barker, proposed to the half-year showed that 10,1011. had been received,
search a pond in the Grove Meadow, in St. Helen's, in and 5,8041. expended, leaving a balance of 4,2961.
the occupation of Dr. Chevalier. Drags ere accord- The report and accounts were unanimously adopted.
ingly procured for the purpose, and after dragging the On the motion of the Chairman, seconded by Captain
pond for a short time, they succeeded in finding the body Warren, a dividend at the rate of 5 per cent. per annum
osf.tßhe.
jpaocokraimnaanmi whichEsci. teloieryonpelra,ceadt utphoenDaosvheutltnenr,anodli on the preference shares, and 15s. per share, or 2 per
conveyed to the Dove Inn. An inquest was held before cent. per annum, on the 25/. shares, was declared. -
Cross,
view of the body, when the jury, after hearingre-elected, as
the evi- and Mr. A. Lindsay—were was also Mr.
The retiring directors—Mr. J. Clay, Mr. J.
deuce of several witnesses, of which the above facts are H. Laver, the retiring auditor.
the substance, returned a verdict of—" Found drowned, The proceedings concluded with a vote of thanks to
but by what means the deceased came into the water I the chairman and directors.
there was no evidence to show." The deceased, who
had been a steady and industrious man, has left a wife
and one child to deplore his untimely end.--Ipswich
Express.

Qui si parla Italiano.
Aqua se habla Espanol

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CALEDONIAN.

The report of the directors of this company, to be
submitted to the proprietors on the 20th inst., states