The Sun.
London, England, 1849-05-17 00:00:00

SAXON Y.

The revolt in Saxony had not been suppressed Oil
the 10th. The insurgents, driven out of Dresden*
had retired to tha mountains, and were preparing to
carry on a guerilla war.

AUSTRIA, IIUNGAR Y, AND
RUSSIA.
The Silesian Gazette says a revolt has broken out
at Femfkirchen. The Imperial standard was pane('
down, and a tricoloured flag was hoisted. A gar'
rison, composed of four companies of frontier troops!.
under the command of Colonel ItErcur, were forced
to evacuate the town. The ban sent troops there to
force the town to lay down their arms and to pay
war levy of 100,000 florins, in default of which, at
the expiration of twelve hours, the town would be
bombarded. The troops arrived before Femfkirchen,
on the evening of the 4th inst. KAPOWAR declared
himself in favour of the Hungarians. It is said that
a band of Magyars dispersed the advanced guard of
the ban near Sexard, on the 27th ult.
It is reported that Arad, the key to the operations
against TrausylvAnia, has fallen. This much is cer-
tain, that the if.habitable parts of the fortress are de-
stroyed, and that the garrison is decimated by,
great mortality, and that the last efforts for supplying
them with provisions has failed, the Hungarians_Te-
d
cut-
ting off all communication between Arad
In
Generalezvar 1 I;o3EnßocazoEvL is f
cb
The General PucfmEn has not yet under6,,.e
dehvaasstattirnagnstfheerrbed hlianna.ts ‘7lVulsaujoarl
quarters, Beekereck, two miles further to then any
decided operations.
Thethreatening
l%ripepEoßrotßofhatshelesfturforerndseermoofssAh orfa.di ips cEomtrNmsedi;
klungary.allicia.
There is no further intelligence iron'

The Rus4ans were si,owly marching onwards.
first ti.ari:.port was to ai..ive
Vienna, on the evening of the 11th inst.
The Emperor of Russrx has retarded the march of
his army, and has himself set off for Moscow, where
an outbreak was apprehended. DEMBINE•KI and
BEM are fully prepared to take advantage of any in-
surrection which may break out in the rear of the
March of the Ruisian forces.

PRUSSIA.
Up to the 14th inst. the troops of the line had not
niade anv attack on Elherfeld, which still continued
in the possession of the insurgents. It appears that
the committee of safety have succeeded in preserv-
tog the rights of property except with regard
to some obnoxious public person?, and that they have
Bent a deputy to Frankfort to solicit the protection of
the central exe:utive. One of the railways leading
to Elberfcld has been partly destroyed, in order to
Impede the arrival of the troops. Armed insurgents
continue to pour in from all directions, and there is
110 lack of provisions. It is stated on good authority
that the people of Solinger have stormed the arsenal
at Grafrath, and got possessions of 1,500 guns, and a
large quantity of other weapons.
NURNBERG, MAY 12.—There was a fray between
1321 e burghers and the soldiers here yesterday, occa-
sioned by a violent article in the newspapers against
the military. Several persons were wounded on both
B,des. Large bodies of troops are at this moment
collected in the city. Several gentlemen of Nurn-
berg have set off for Frankfort, in order to request
an Imperial Commissioner for Franconia. It is as-
serted, however, that they were not authorised by the
City.

RUSSIA AND TURKEY.
The Vidette war steamer, which left Constantinople
°ll the evening of the 29th of April, and arrived
a t Marseilles on the evening of the 13th inst., brings
important intelligence from that capital. The Vidette
Was dispatched expressly by General Auricle, with
accounts for his Government of the result of the ne-
Fotiations between Russia and the Porte, which have
"cell in the course of negotiation for some time past,
under the auspices of the Russian Envoy Extraordi-
nary, General GRABBE.
A few days after his arrival, General GRADRE pre-
sented his credentials, and officially opened his nego-
tiations; and the following are the bases of a definitive
arrangement determined upon between him and the
Porte
1. Russia demands the occupation of the two prin-
cipalities of Moldavia and Wallachia by Russian troops,
until the complete re-organization of the interior admi-
nistration of these two countries."
This has been granted by Turkey, with this modi-
fication, that the occupation shall be half Russian
and half Turkish, and that at the end of a year both
Powers will evacuate the principalities simulta-
neously.
" 2. Russia demands the nomination of two hospadors,
to be appointed by the two powers, without consulting
the local Assemblies."
Granted, with this modification, that the two
hospadors shall, before being nominated, be persons
who have been approved of by a vote of the As-
semblies.
"3. Russia proposes tl-43 revision of the organic
statutes of Moldavia and Wallachia, and the suppression
of the liberty of the press."
Refused. The Porte merely consents to restrict
the liberty of the press within sage limits.
"4. Russia demands of the Porte that the Russian
troops should have permission to c nter the Banat, in the
event of their being called for by the Patriarch."
Refused.
"5. Russia proposes to the Porte that the two
Powers should enter into a new treaty offensive and de-
fensive."
Refused. Such are the bases of a treaty as far
as agreed on, and it Hill be acted on by both
Sides. The treaty is to be called an Act Preceded by
a Protocol. There are some questions of detail yet to
be settled.
The treaty gives satisfaction at Constantinople.
The firmness Shown by Sir STRATFORD CANNING
and General Auricle are the subjects of universal
eulugium.

ITALY.

Accounts have been received from Rome of the
6th. The defeat of the Neapolitans is described as
being complete. They had retreated on Albano, fol-
lowed by GARIBALDI and his legions, and on the Gth
they w ere surrounded at Albano by the Roman forces.
We have received from Rome a printed paper,
dated sth of May, containing a statement by a notary
public, who declares he has spoken with two French
prisoners, ALEXANDRE PICARD, chef de bataillon of
the 20th of the Line, and Louis JERNIELET, sub-
lieutenant of the 10th of the Line, through the me-
dium of the public interpreter of Roman tribunals ;
and that the said prisoners declared they had been
led into error respecting the state of the Roman Re-
public, by the misrepresentations of the French Go-
vernment. This document is signed by PARADisi,
the interpretor COMPAGNONI, and the notary FBA..
Toccni.
Several of the French prisoners have refused to be
exchanged, but have asked for arms and for permis-
sion to be led against the Neapolitans. Their offers,
however, have been refused by the Triumvirs, who
told them that the Romans were quite capable of
fighting their own battles without assistance.
The POPE, hearing that the French were in posses-
sion of Civita Vecchia, sent Monsignor VALENTINI to
be governor of the town, but the French authorities
sent him back to Gaeta.

The Milan Gazette of the 11th states that General
WIMPFEN arrived on the Bth at the head of his troops
before Bologna, and addressed to the people of the
Roman States a proclamation, stating that he came
to establish the legitimate Government of Pius T.X.
The general has erected a battery on the heights
which command the town, and had granted a delay
of twenty-four hours to the municipality to surrender.
Notwithstanding the presence in the Roman
States of the troops of three reactionary powers
(France, Austria, and Naples), not a single village or
town has declared in favour of the PorE.

I MONEY and COMMERCIA i, NEWS'.
QU,IIZT IT:: 71J T
The sale; of Calton at Liverpool steadily were esti-
mated at 5,000 bales, including 1,000 American for ex-
port. 4,500 American realised 3d. to eisd.; 200 Perham
arid Maranham, sd. to 4d. ; 300 Surat, 3;1. to 3.0. ;
and 30 Sea Islaml, 81d. to is. per lb. The market closed
steadily. Prices of all kinds rtmlin the Faille (xcei.t
Brazil and Egyptien, which were -I-d. per lb. lower.
Railway Shares continued dull, with but a limited busi•
ness doing.
Owing to an error discovered in the calculation, the
usual cflicial weekly average of grain sales has not ap-
peered yet, and will not be issued until this evening.
The further documents promised by the committee of
Spanish American Bondhollers, upon the subject of the
Mexican debt, have been duly forwarded to us, and they
are to be regarded as satisfactory. A change has oc-
curred in the finance department, a new Minister, Senor
Arrangaiz, having taken office, but highly as his prede-
cessor was esteemed, there is no reason to conclude that
the interests of the foreign creditors will in the slightest
degree be prejudiced, an arrangement having already
been come to, in virtue of which Senor Arranga:z
promises to submit to Congress, without delay,
a proposal for the further appropriation to
the payment of interest on the foreign debt, of 720,000
dollars from the United States Indemnity money. When
we reflect upon the circumstances of the country, the
serious war in which it has been involved, and the dis-
order that must be expected to prevail in every depart-
ment of the state, we see abundant cause for grateful
recognition on the part of the bondholders for all that
has been accomplished; and to the Mexican Government,
the Special Envoy, Mr. W. P. Robertson, the British
Minister, Mr. Doyle, and, hest not least, the respected
firm of Manning and Mackintosh, the warmest thanks
are due. One matter we cannot pass without observation,
viz., that the English consuls have not lent sufficient
aid in preventing the smuggling out of silver, which
pays a handsome duty to the bondholders. Whether,
as is reported, there will be any complaint made to
Lord Palmers:ten on the subject, we are unable to state,
but mercantile houses too frequently have a private in-
terest that clashes with their public duty as consuls,
and we hope this will not prove to be the case here.
A portion of the correspondence forwarded to the
committee is of prominent interest; vie., that which con-
tains the statement by Alissrs. Manning and Mackintosh
of the probable Customs' income. 'They state that the
duties pending on the Feb. 28, were 192,315. 83d0115., while
with 20 per cent. of the duties collected in March, made
up a total of 220,957.79 dolls., leaving, after certain
sums already paid, 168,388.48 dolls. pending for col-
lection on the 31st of March. In noticing the compara-
tive smallness of these receipts compared with the pre-
vious month, February, Messrs. Manning express a
confident belief that the customs revenue will not exceed
21 to 3 millions of dollars annually while the present
tariff is in operation. With a liberalised scale of duties
the increase would doubtless, therefore, be most im-
portant, and from the well-known disposition of the
Congress, that scale seems certain to be introduced.
That the country can consume a far greater quantity of
foreign products is proved by the immense smuggling
carried on.
Cape of Good Hope advices of March 30 have been
received in the City. The state of Kafirland, with re-
spect to the tranquillity of the people and the progress
of the various settlements is highly favourable. The
system was evidently in good hands, as a local writer
observes, a circumstance, essential to the good working
of any system. The Fiugees located in the colony had
t .ken alarm at some reports circulated of the in-
tention of Government to reduce them to slavery
and many had hastily crossed the frontier in
consequence. Their fears, however, were speedily dis-
sipatedby the official notices issued, and by a personal
assurance of the commissioner. The new constitution
for the country beyond the Orange River had been pro-
mulgated, arid appeared to give much satisfaction.
'The Amsterdam letters report that the Bourse en
Tuesday was rather heavy, but with R fair business in
Dutch Two-and• a-Half per Cents. Generally the poli-
tical accounts from the Continent are looked upon by
City people as being snore satisfactory.
The English Funds -are much the same as yesterday.
Consols 901 to 91* for Transfer, and 91 to 91* for
Account. The _New Three-and-a-Quarter per Cents.
are 904 to 1%, and the Three per Cent. Reduced Annui-
ties 89; Beek Stock is 193. Exchequer-billy have
been 45e. to 435. premium. The better tone of the
Paris Stock Market effords some encouragement here.
In the Foreign Investments there is scarcely any-
thing doing. Spanish Active Bonds aro 161 to 17, the
Three per Cents. about 33 to Portuguese Four per
Cents. 28k, Brazilian small 79, and Dutch Two-and-a-
Half per Cents. about 49A- 1. Mexican are 31;1 for
Money, and 314 to 32 with the Coupons., for Account.
Railway Shares have been much quieter, but support
:he advanced rates of yesterday, except in one or two
astances.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)

Bank Stock 193
3 per Cent. Reduced Annuities B9VA
3 per Cent. Consols Anns ..... ... 91 91% 907, 91%
New 314 per Cont. Anna ....
Long Annuities, Exp. Jan. sth, 1860 —
Do. 30 Years, Expire Jan. 5, 1860 8.44 8 13-16
India Stock 247
Do. Bonds, 10001 7l 70 p
Ditto under 1.0001
South Sea Stud,
Concols for Account
Exchequer Bills. 11,0. 2d.
March. June.
1000/.
500/ — 48 45 p
Small — 48 45 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent: —
Ditto Small
Egnador Bonds
Mexican IlonJs, 1846, 5 per Cent., Coupons 31%
Spanish Bonds' 5 per Cent,lB4o
Ditto for the Account
Dividends on the above Payable in London.
French 11 elites, 5 per Cent.
Exchange
BUSINESA DONE IN RAILWAY SIIAREB AT ONE O'CLOCR
RAILWAY& PAID. PIM SIIAILE.
Aberdeen
Bristol and Exeter
Do., Thirds
Caledonian
Eastern Counties ....
Do. New Guarant. 6 per Ct. 10
Do. Exten., 5 per ct. No. 1,61. 13s. 4d
Edinburgh and Glasgow
Great Northern
Do. 1,4 B 6 per Cent.
,3reat Western 100
Ditto, Half Shares 5O -',9 ... . to
Ditto, Quarter Shares
Ditto, Fifths
Lancashire and Yorkshire ... 93 ..... ...... to
Do., West Riding Union... 9 .... . 35j4%... to
Leeds and I3radiura 5O ..... 96 ...... to 951,E
Landon & North Westorn 100 l2B
DI. New Quarters..
Do. 10/.... 51. and B. (C.) 1
London and S. Westera....... 50 ..

-Ditto, New 50/........ . ...... 421/x..... 26% to
Ditto, New 401
De., New Scrip, 1848, Pref.
7 per Ct. on Deposit and
5 per Ct .on Calls ... ... 5 . ... 5% 'T.F4 .. to
Midland . .. 100
Ditto, 501. Shares ..... ...... 25
Midland, Consol. Bristol and
Birmingham, 6 per cent.... 100
Norfolk IOO
Ditto Guaranteed 5 per et. 20
North British .. .. ......... .. 25
Scottish Central
South Eastern
Ditto, No. 9
South Wales
fork, Newcastle, and Berwick 25
Do. and Newcastle Exten. 20
Do. G. N. E. l'ur. or Pref. 8
f ork- and North Midland .. 50 ....29YA 281/ to 29%
Ditto, Preference
ITOREIG'I,I RAILWAYS.
East Indian
Great Indian Peninsular 5 ...... 4%....,. to
Northern of France
Paris & Strasbourg .......... 10
bIINES.
Australian
Barrossa Range Mining Com. 285....... IA p.m to
JOINT STOCK 'JUNK.
Australasia
London and Westminster

LLOYD'S SIIIPPING—(THIS DAY.)
LONDON, MAY 17.—Wind at noon S.S.W., fresh
breeze and cloudy, but fine.
DARTMoUTH, MAY 15.—A boat, marked outside
" Traveller, of North Shields," and inside, " William
Meldrurn," apparently not long in the water, but much
damaged, was pieloM up 31st ult., in lat. 38 lon. 10, by
the Dromo Lago, which arrived off this port 3 esterday,
from Patras.
OFF KINGSBILIDGE.—AIfred, Henning, Calcutta.
OFF FALMOUTH, MAY 15. Bolivar, Barrow, St.
Vincent ; 16th, Swift (of Guernsey), llavannah for
Cowc:s.

GLOUCESTER, MAY 16.—Arrd. Breeze, Edwards,
Charleston.
SWANSEA, MAY 15.—Wind S.W.—Arrd. Young
Queen, Penhorwood, Cuba.
CORK, MAY 15.—Wind S.S.E.—Arrd. Jane, Roach,
ache
Mauritius; Sarah, Jones, Calloa; Boa Harmonie, Libel,
;
Caminha Courier do Caminha, Caminha ; Bache
*'Evers, Hughes, New York.
BELFAST, MAY 15.—Wind N.N.W.—Arrd. Napoleon,
Reeley, Baltimore, Australia. Sld. Henry Shelton,
Long, New York.
BARTLEPOOL, MAY 14.—Alchymist, Bombay.
LOWESTOFT, MAY 16.—The Donegal (brig), Mear,
ran upon the Croton Sand this morning, was assisted
off, and proceeded with but little damage.
LIVERPOOL, MAY 16.—Wind S. and S.W.—Arrived
Jane, Stanley, Angra Pepin!. Sid. March 10, Janthe,
Bailey, Buenos Ayres; Mar) Queen of
OScots, Wilcox,Wm.
Barbadoes; Henrietta, Butchard, New rleans
Botsford, Allan, New Orleans; Amaranth, Bliss, New
Orleans; Chatham, Vinnis, New Orleans; Kate Hun-
ter, Parsons, Mobile; Ottawa, Drynan, Mobile; Emily,
Agry, Charleston. 15. Isabel, A nti gua; Fanny, lla6. Paytin-
;
Jupiter, Charleston; Enterprise, New York. 1
then, Bombay; Gothen, Lima; William Bailey, Buenos
Ayres; Hermione, Buenos Ayres; Adam Smith, Buenos
Ayres; Camilla, Demerara; Milford, Barbadces; Dag-
zers, Jamaica; Holy wood, Cuba; Lightning, La Guayra;
Isabel, Honduras ; Colonist, Staten Island Mount
Washington, Boston; Ann, Portland; Martha Jane, St.
Andrew's, New Brunswick ; Fisher, Newfoundland;
Hearts of Oak, Newfoundland. Off Port, Mexican
Packet; Smyrna, Spy; Diary, Ray; Rosalie; Gaucus;
C eamore; Hibbert; Giamere; Flirt; Maria Hardy;
Jessie Stephens; Rabe.
CARDIFF, MAY 16.—The Eleanor, of Whitehaven,
Blacklock, laden with coals for Liverpool, had the
greater part of her decks blown up by an explosion of

gas this morning, and must partly discharge her cargo;
atl the eiew, c.,.cept te.ast,r, b,u.c. or leis itjurttl.
FALMOUTH, MAY W.S.W.--Arrd. 15 11
Frederick Ermt, Acmonsca, Buenos Ayres, for Ant-
werp; Skisld, Clsuvon, hio Janeiro; Johanna, Becker,
Pr.rs, for Humburgh. 16th, Buona Matilda, Moffer,
Pernambuco.
PLY3IOUTH, MAY 15.—Wind Napo-
leon, Collio, Buen.,s A 3 roe; csaypium, Lo-Athtr,Caitao,
for Falmouth, with foremast sprung.
Orr TORBAY, MAY 16.—EArmers, E!son, Madeira,
for Riga. bid. 15th ElizA, Valparaiso.
COWES, MAY IG.—Wind W.—Arrd. Emmy, Wile-
ken, Calcutta, for Hamburgh; Swift, Pernamb!lco.
PORTSMOUTH, MAY IG.—Wind W. to S.S.W.—Arrd.
her Majesty'sflip Grecian, Pernambuco, sld. 13. h
ult.; Henrietta, Haesloop, Chat leiton, for Bremen.
BtasTor„ MAY 12. The Ilero, Hawkins, from Barn-
staple, in running for the river yesterday, ran ashore on
the mud bank, and is beneaped, but lies well.
A vessel, of about 300 tons, bottom up, sheathed with
yellow metal, was passed in lat. 25. N. lon. 53. W. 1.3,
the John Pink, Jones, arrived in the river from bt.
Vincent.
DEAL, MAY 16.—Wind S.S.W. to S.W.—Arrd. 15th
Prins Carl, Boldt, St. Croix; Fantome, Bacon, Jamaica.
16th, Trafalgar, Morrison, Sydney, New South Wales;
Athena, Ogg, Hong• Kong; Lark, Madeira, for St. Pe-
tersburgh. Arrd. from the River,l6th, Lady Margaret,
Port Philip.

MARKET NEWS.-(THIS DAY )

NE WGATZI AND LEADENLY/kW..
These markets were fur from active to-day, yet prices
were
.mostly supported. Beef, from 2s 6d to 3s 6d;
Mutton, 2s 10d to 4s; Lamb, 5s to 64; Veal, 3s 4d
to 4s 4d; and Pork, 3s 4d to 4s 2d per 81bs by the
carcase.

HAT TiLELIZIEET S.
SMITIIFIELID.—Meadow llay, 21 103 to 4/ ; Clover
ditto, 31 53 to 51 Os ; and Straw, 11 6s to 11 103 per
load. A full average supply, and a sluggish demand.
CUMBETILAIND. Meadow hay, 21 13s to 4/ Os ;
Clover ditto, 31 Si to 4! 15s; and Straw, 11 7s to
1/ 113 per load. Supply tolerably good, and trade
rather (Nil. . _

WIIITECHAPEL.-3,1c4t10w llay, 21 10.9 to 41 03
Clover ditto, Si Os to 51 Os; and Straw, 1163 to 1/ 104
per load. Trade dull, at the above quotations.

raEAT railnxiaTs.

SOUTHALL, iiA716.=(57.77111ei was tolerably
steady for each kind of fat stock to-day, and prices were
well supported. Beef, from 2s 10d to 35 10.1 ; Mutton,
3s ad to 4s 4d; Lamb, 5s to 5s 10d; Veal, 3s 8d to
4s 2d; and Pork, 3s 2d to 3s 10d per 81hs, to sink the
offal.

ROMFORD, MAY 16.—Prime Beasts, Sheep, and
Lambs, sold freely, at advanced currencies. The value
of all other kinds of stock was well supported. Beef;
from 2s 10d to 4s; Mutton, 3s Gd to 43 4d; Lamb,
53 to 6s; Veal, 3s Gd to 4s 2d; and Pork, 3s 4d to
3s 8d per Sibs. Suckling Calves, 183 to 28s; quarter old
store Pigs, 16s to 21s; and Nilch Cows, with their
small Calf, 161 to 20/ each.
LEWES, MAI' 15.—We had a firm trade to-day, at
improved currencies. Beef, from 3s 2d to 4s 2d; slut-
ton, 3: Sd to 4s 6d; Lamb, 5s to 5s 10d; Veal, 3s 6d to
4s per Sibs., a moderate supply and a steady trade.

CORN AVERAGES.
Owing to some inaccuracies in them, the averages of
grain have not been published to-day.

SOUTH-EASTERN RAILWAY.
(THIS DAY.)
The adjourned hale-yearly general meeting of the
above company was held this afternoon, at the Bridge
House Hotel; Mr. Jfirnes Macgregor, Chairman of the
Board of Directors, in the chair. The meeting was by
no means so fully attended as the last, but probably the
report of the committee of investigation being so highly
satisfactory to all parties, deterred many of the country
proprietors from going to the expense of coming to
town. The chairman on entering the room and taking
his seat was greeted with a burst of applause. Mr. U.
L. Pritchard was nut in attendance.
The CLIAIRZIAN announced that the first business to
be proceeded with was to hoar a communication from
the Chairman of the Committee of Investigation.
Mr. L. MUZLEY, as the chairman of the committee,
was then prestnted to the meetiag, and wcs greeted
with mingled cheers and hisses. After adverting briefly
to the circumstances which led to the appointment
of the committee, he went on to declare that the gentle-
men so nominated had devoted themselves heart and
soul to the dut es allotted to them, and it was not until
Monday last that the concluding paragraph was added
to the report. It was then handed to the secretary of
the company, who lost no time in getting it printed,
and he had the gratification of knowing that,
before four o'clock on Tuesday, copies had
been forwarded by post to the majority of
the proprietors, and to the editors of the Lundell
newspapers. He had only to add that the report con-
tained the truth, and nothing but the truth; and as the
meeting had determined not to have it lead, he should
conclude by moving as the maximum opinion of the com-
mittee, the following resolution:----" Itesolved, that the
report of the committee of investigation now presented,
be received, entered on the minutes, printed, and adopted;
and that the directors be requested to carry into effect
the recommendations therein contained as speedily as
possible."
Mr. DICKINSON, the deputy chairman of the com-
mittee, seconded the resolution.
On the question being put,
Mr. Timm:torn a director, pronounced his opinion
that the chairman of the board of directors wits for-
tunate in having had the selection and nomination of bis
jury.—(Cries of "No, no!" " Yes, yes!" and confusion.)
lie would not be put down by such unseemly expressions
of opinion, for he too, as well as the Chairman, was
upon his trial, and he had a right tl be heard, and he
would be heard. The meeting might oppose him, but
he cared not for that; the public out of doors would be
his judge, and to their decision only was he prepared
to bow.—(Hear.) Now,he had no hesitation in deelar-

ing that he had no confidence in the committee or their
report.—(Hear, and "Oh, oh.") They had delegated their
duty with regard to investigating the accounts to a
Mr. Quilter, while they had declined to examine him
upon his not being summoned to the finance committee,
and yet between March and September he had signed
283 cheques.—(Oh, oh.) He confessed that ho had
signed the cheques without knowing what they were for,
but ho was not answerable for that.—(" Oh, oh," said a
voice. "Is that the way you do business?") No, it was
not his way of doing business; it was their worthy chair-
man, who always acted upon the principle of making all
under him his puppets.—(Oh.) Nuw then as to the share
transactions which he alluded to at the last meeting.
The committee attributed the blame of these gambling
marceavres upon Mr. M. L. Pritchard, but the responsi-
bility rested upon the chairman of the board, and his
acquiescing directors, who allowed those transactions to
be concealed in the accounts of February and August,
1848, or at least to be placed under false heads, and
this Mr. L. Mozley was aware of, but he had neglected
to mention it in the report.—(Hear, hear.)
Mr. L. Mort.Er —Will you have the goodness to re-
peat that? _ _

Mr. Tuomsesr would not repeat it unless the meeting
required it?---:(Go on, go on.)
Mr. L. MOZLEY-1 call upon you, sir, as a man of
honour to repeat what you said of me personally.
Mr. THOMSON then repeated what he bad said, but
omitted to mention Mr. L. Mozley's name, substituting
the word "committee " for it.—(Cries of " Oh, oh.")
Well, then, admitting all the responsibility of these
transactions; but who appointed him to rig and gamble
on the Stock-Exchange?
A VOICE—Aid who appointed him?
Mr. THOMSON—Mr. Macgregor, who appoints all
the directors.
A VOICE—Who appointed you?
Mr. Tpomsoti—Mr. Macgregor. -
The CHAIRMAN—And very much to me regret.
A VOICE—What have you done with Pritchard ?
Mr. Tnomsosr—He is gone to Newmarket.
(Cheers and laughter.) Mr. Thomson then
proceeded to assure the directors that although
they wanted him to resign, he should remain on
the board to protect the interests and property of the
sharcholders.—(Cries of " Oh, oh I" and derisive cheers.)
Mr. CuNimarE, solicitor, of Manchester, then solicited
the attention of the meeting while he read to them an
address upon the present state of their affairs. This
address went into the details of the report of the
Committee of Investigation, and expressed the conviction
of the writer that the directors of the company were
just as culpable as those of the Eastern Counties, for they
had "cooked" the accounts, and otherwise misled the
shareholders, and neglected their interests.—(Hear,
hear.) All that he (Mr. Cunliffe) wanted was,
that the shareholders should be protected from
mismanagement, either through neglect or fraud,
and that their property should not be frittered away.—
(Oh, oh.) The report of the committee attributed all
the blame to the Deputy-Chairman, but in his opinion
the Chairman and others were as much responsible
for these shameful transactions as Mr. Pritchard.—(Oh,
oh, and hisses.)
Mr. LETT—Oh, it's all humbug disturbing the
speaker this way.
A Vorcu—W ho are you, Air?
osiar.m ll'Vshior?are you, sir? How many
shares MArrV doLLO I:vyE
voTYhWi et: LEVY—Who
bet? you one hundred guineas to one I
hold more than you.
The meeting hero interfered, and upon silence being
restored,
Mr. CtINLIFFE resumed his address. He explained
Mr. Pritchard's absence by stating that his wife had re-
cently died, while his business affairs were in a state of
derangement, and then wont en to read extracts from
private letters written by Mr. Macgregor to Mr. Prit-
chard, to show that he was cognizant of the latter's
movements on the Stock Exchange. He concluded his
addiess by remarking that the company had been pay-
ing dividends of 2 Es., when the line had only earned Os.,
and seeing that the works still required 140,0001., he
called upon the meeting to insist upon further explana-
tions.—(Hear, hear.)
The CHAIRMAN complained that these attacks ought
to have been made to his judges, the committee, who
bad honourably exonerated him from all the charges
preferred against him.—(Hear, hear.) Mr. Thomson
complained of the close spurn of management
carried on between March and September. Why, from
May to September of that period he was kept away
from the company's afftsira by illness, and if this close
system wasp
rcurried a
go na
ei na t h
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aaohdsesneceed
ihrey dido
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o ras
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nh e
theonly pointreport
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alwhicheeho emhmaidtt toee answerrelati
relative
wase to
themoney
tpolicy.—(Cheers.)
to construction account in.
The meeting had not
hivingPh The
been placed
concluded when our report left.
aniCePdeyhayo.erfa—(Cheers.)
revenue.c he
cr s ) Well he was prepared to justify that