The Sun.
London, England, 1838-03-02 00:00:00

to Parliament, he was happy to be able to state that every
necessary step had been taken for that purpose.—( Cheers.)
Mr. OVERTON thought that the advantages derived from the
Privy Council only went to the extent of enabling the Com-
pany to sue and be sued in the name of the Committee, but it
by no means altered the liability of the shareholders.
Mr. Poi,Locx, Solicitor to the Company, said that the
prerogative of the Privy Council conferred equal privileges
and immunities upon the Company to that to be derived from
an Act of Parliament, at the same time it was a course which
he would not recommend for their adoption, on the contrary
he advised them to procure an Act of Parliament. This once
carried, they would be placed beyond the interference of any
other companies.—( Hear.)
The CHAIRMAN said, as the Meeting had heard the Re-
port read, he would be now happy to listen to any obser-
vations which any gentleman might be pleased to offer with
regard to it.
Mr. Box was again about to address the meeting, when lie
was interrupted by
Mr. Moms, who rose to order ; he said it was quite irre-
gular for gentlemen to occupy the time and attention of the
meeting. by the discussion of irrelevant topics.—(Hear.) He
begged leave to observe that there was no motion at present
before the chair._( Hear.)
The CHAIRMAN hoped that it was the intention of every
gentleman addresing the chair to conclude with making a
motion.

Mr. MORRIS said he would be the last man in the world to
check discussion of any kind, as it was only by free discussion
that the truth could be elicited.—( Cheers.) But he was so
well aware of the great extremes to which the inveterate op-
position of the other companies would carry them, that he
strongly suspected the motives of those persons who were now
indulging in such frivolous objections. He (Mr. Morris) had
been deputed to move the adoption of the Report. It was
pretty well known, that he was one of those persons who had
exerted themselves upon former occasions to promote the
success of schemes having a similar object to that which
they were now engaged in discussing.—( Hear, hear.) The
consequence of the failure of those schemes had devolved
upon the shoulders of the Directors alone; they alone had
borne the loss, and as one of them he had suffered some
pecuniary loss injury as well as the sacrifice of some repu-
tation.—( Hear, hear.) He was, therefore rather shy in
coming forward upon this occasion, nor had he consented
to do so until he had made the most satisfactory inquiries
as to whether or not this Company were determined and
sincere in attempting to remove evils of such palpable mag-
nitude.—(Loud cheers.) That the other Gas Companies
in existence had a right to employ their capital in whatever
way they deemed the most proper, he would not for a moment
dispute ; but that they had a right to tyrannise over, and
oppress, and extort money from the gas consumers, he ut-
terly repudiated, and he trusted that the exertions cf those
whom lie now addressed would never cease until such insuf-
ferable grievances were redressed.—(Loud cheers.) Mr.
Morris proceeded to detail several instances of oppression
practised by the other Companies, and stated his belief that
so universally were they detested that the present Company
would find itself supported by eighty out of every hundred of
the gas consumers.—(Cheers.) He concluded by moving
the adoption of the Report.
Mr. Ronoass briefly seconded the motion.
Mr. Box inquired if every person present at the meeting
were at liberty to give their opinion on the subject.
The CHAIRMAN.—Oh, certainly.
Several gentlemen then put a number of interrogatories
regarding the liabilities of the Shareholders for the acts of
the Directors, which were most satisfactorily replied to by the
Company's Solicitor, who produced the Act of Parliament re-
lating to the subject, and read the clauses more particularly
affecting the present position of the Company. In answer
to a question put by a gentleman, the proprietor of conside-
rable property in the Tower Hamlets, the Solicitor stated
that until such time as the Act of. Parliament was procured,
the gas might be rented from only one of the Directors, in
whose name the amount could bo recovered. This he said
was the plan adopted by the London Gas Company, who had
not yet obtained a charter.
Mr. SINGLET observed, that the difficulties which had just
been referred to, were of that 'character which generally beset
the formation of every new Company.—( Hear, hear.) Every
Commercial Company that had ever been established in the
Metropolis had had the same embarrassing circumstances to
surmount, and there was no doubt, that when the 'roper time
arrived, they would find that the Act of Parliament would be
had.—( Cheers.)
Mr. Poeeoce begged leave to assure the meeting, that all
the necessary steps for going before Parliament had been
already taken, and proceeded to produce a copy of the notices
which had been served.
The CHAIRMAN then put the motion, that the Report read
be received and adopted, which was carried unanimously.
Mr. BINOLEY, in rising to move the second resolution, said
that he felt delighted in seeing so large and respectable an
assemblage of the Tower Hamlets present upon this occa-
sion, as it testified the anxiety which they felt for the esta-
blishment of a Gas Company based upon firm and equitable
principles.—(Cheers)—a Company not determined to run
down their rivals by a wanton or uncalled-for opposition, but
to alleviate the inconvenience of the public by the manufac-
ture of an excellent quantity of gas, and by such reduction of
the prices as was consistent with the safety of the interests of
the Company, and the due return of the capital expended.—
( Cheers. ) The success of trade in general was mainly de-
pendent upon a fair and proper competition, and he thought it
high time that they should now commence to have a competi-
tion in gas.---( Hear, hear.) It was time that the systems of
oppression and of overcharge which had been so long the sub-
jects of complaint, were put an end to—( Hear, hear) —and
he need not trouble himself to demonstrate the necessity that
existed for supporting DOW a Company which, by acting upon
fair and equitable principles, would bring down the prices at
least 15 or 20 per cent., and which pledged itself never to
coalesce with any other Company.—(Loud cheering.) As
illustrative of the success that might be expected to attend the
moderate course, he would merely refer to the Independent
Gas Company, who charged only 31. per annum for fifteen.
hole burners, which in the Tower Hamlets cost 41. 10s., and
yet the shares of this Company, which were originally only 301.,
brought now 39/. in the market.—( Hear, bear Mr. Bingley
went on to show, by a statement of figures, evidently compiled
with much care and attention, that the sum of 28,000/. was got
out of the vas more than the public were entitled to pay.—
( Hear.) He would entreat every inhabitant of the Tower
Hamlets to become a shareholder, end in a year or two they
might depend that they would have their shares quite free, as
the reduction in the price of their gas for that time, would
cover the orginal cost.—( Cheers.) He hoped, therefore, that
every gentleman in the room would hand in their names to the
Secretary, as applicants for a share, before they left the room.
If they wanted an illustration of what was to be effected by
unity and perseverance, he would refer them to the Licensed
Victuallers' Assurance Company, of which thirty thousand
shares had been taken twelve months before they procured an
Act of Parliament; and if they had had thirty thousand more
every single one of them would have been disposed of, and at
this moment they were at 100 per cent. premium.—(Great
cheering.) Another instance might be adduced in the exer-
tions of a Society in Shoreditch, of which he was Chairman,
where they had effected a reduction of two shillings per light
on 600 lights, and on private lights upwards of a thousand
pounds.—(Cheers.) He, therefore, trusted that unity and
determination would not be wanting to secure the success of
(
this undertaking.-e-( Loud cheers.) Ho coucluded by moving
—tt That the proispectus and regulations, as amended since
last meeting, should be adopted."
Mr. SWATTEN seconded the resolution.
Air. J. H. DYKE requested the Secretary to put down his
name for twenty shares.—( Cheers. )
A GENTLEMAN having asked a question concerning the Ha-
bilities,
The CHAIRMAN stated that the Directors would not

incur any liabilities, unless they had sufficient funds in hand
to meet their engagements.—( Cheers. ) The Directors would
act with caution and circumspection, and he trusted that with
the experience they had had, and the example of other Com-
panies before them, they would not fail in achieving the most
successful results.—( Cheers.) If the Directors had been dis-
posed to go heedlessly and incautiously to business, they might
have had the works erected, and the district lighted, without
laying down a single shilling.—( Loud cheers.)
Mr. BI.EADENi who had arrived during the COUTSO of the
proceedings, suggested that the more satisfactory way for the
Directors to proceed, was to engage not to incur any liabi-
lities until the sum of ten thousand pounds were paid up upon
the shares. This, he thought, would be a good manifestation
of feeling upon the subject, and would show the necessity that
existed for the undertaking.—( Hear, hear.)
Several gentlemen addressed the meeting, suggesting seve-
ral alterations, which were ultimately overruled, and the mo-
tion being put from the Chair, was carried without a single
dissentient voice.
Mr. TANNER then moved a vote of thanks to the Directors
and Committee of the Company, for the manner in which
they had come forward in favour of the inhabitants, which being
seconded by Mr. Griffiths was also carried unanimously.
Mr. Hodges, of Lambeth, the eminent distiller, after hear-
ing attentively what had been urged on all sides of the ques-
tion, had consented to become one of the Directors.
Thanks were then voted to the Chairman, and the meeting
separated.
We were happy to perceive that there was a great demand
fur Shares—and a vast number were subscribed for in the room.

MISS PARDOE'S NEW WORK.—The great and
deserved popu!arity of Miss Pardoc's " City ef the Sultan,"
and the singularly favourable qualities that work proved its au-
thor to possess, hs an amusing and acute searcher after the
novelties and the notabilities of foreign travel, are calculated
to raise the highest expectations as to her new work, an-
nounced under the romantic title of " The River and the De-
sert." What River, and what Desart it is the fair writer's
pleasure to place before us, with their concomitant adventures,
discoveries, dangers, escapes, &c., we must wait the appear-
ance of the work to decide ; but there can be no doubt that it
will be a production blending a high degree of amusement
with much varied and extensive information.
WRECK OF THREE COLLIERS:—We are exceed 7
ingly sorry to state, that during the gale (from E. S. E. to
S. E.) on Saturdiy last, three laden colliers were wrecked on
the Stone Rinks, at the entrance of the !lumber, namely, the
Providence, Iledley, of and from Blyth ; the Edgar ; and the
Liberty, both of and from Shields, all for London. The entire
crew of the Providence, with Ridewell, of the Libcrty, were
unfortunately lost by the upsetting of the Providence's long-
boat. The cries of the unfortunate sufferers were distinctly
heard by the crew in the Liberty's boat, who were unable to
-render them the least assistance. The life-boat at the Spurn
was manned, but, owing to the violence of the gale, the oars
were broken, and it was found impossible to round the point.
The crew of the Edgar arrived- at this port on Sunday, and
that of the Liberty in the course of yesterday.—Hull Observer.