The Sun.
London, England, 1825-11-03 00:00:00

GWENAPPE MINING COMPANY.

Yesterday the LORD MAYOR received communications from
Mr. Dawson and Dr. Price, two of the Directors of the Gwen-
appe Mining Company, contradicting the statements made in the
justice-room of the Mansion-house, respecting themselves and
that Association. It appeared, from these letters, that the
Company's funds have been withdrawn from the bankers, not
from any apprehension of an attachment, but in order to com-
plete the contracts for the purchase, of the " Cathedral Mines"
in the parish of Gwenappe, which are, by the best Judges,
deemed very valuable, anti have lately been much increased
by the discovery of several new lodes. Not a shilling has
been expended but for the advancement of the Company's
interests, and so economical have the Directors been, that
they refused to allow one of their body (who had been sent
down to Cornwall on the Company's business), any remunera-
tion for his trouble, beyond the repayment of his travelling
expences. Dr. Price concludes his letter by remarking that
" the true ground of complaint is not that the Directors are not
carrying the objects of the Association into efiect, but that they
are, the complainants being composed of individuals who never
wish to see a mine worked beyond the precincts of the Foreign
Stock Exchange; and when the shares are no longer produc-
tive in that place, according to the usage of Companies got up
for such purposes, many of which they are connected with,
they expect to be paid off at par."
Mr. Cooke, the principal Managing Director of the Corn-
.
pany, attended in person, and requested to be heard in jus-
tification of the Company. He had travelled fifty miles from
the country, in his anxiety to deny, in the most decided
manner, the truth of the imputations cast upon the Direc-
tors, the moment he had seen them. Ile knew not whc the
individuals were who waited upon his Lordship, or whether they
were hone fide shareholders; but this he knew, that the
whole of the assertions made by them were utterly unfounded.
Before the Company was formed, or a prospectus issued, he
went to the Mines, and made a most minute investigation
into their qualities and condition. So perfectly was he satisfied
that the Company would prove one of the most profitable, that
he was ready to stake his own private property that it would
produce 10 per cent. upon the capital invested in it. Notwith-
standing what had been stated in a Morning Paper, he could
positively affirm that Lord Nugent's name had not been used
without his permission.
The LORD MAYOR—How many shares were allotted to
Lord Nugent ?

Mr. Cooke said the number set down for his Lordship was
50. His Lordship had certainly expressed 4 wish to have them
sold, when he understood they were at a premium; but on
being assured that the quotations were made falsely by the job-
bers, his Lordship was satisfied, though he still refused to
make so large an investment as 50 shares. He (Mr. Cooke),
however, had since paid the deposits for his Lordship, whom he
considered indebted to him for them.--(A laugh.)
The LORD 3Larou—Vou cannot consider Lord Nugents as
a Director.

Mr. Cooke—Yes, my Lord, we certainly do, since I hold 50
Shares on his account. It has been said that there is no inten-

tion to work the Aline. Now I can state that two lodes have
been already cut through, and that a steam-engine is now in
full work. The shares which the Company purchased at 47d.
the original Shareholders now consider as worth 70/. in conse-
quence of a vein of ore having been recently discovered.
The Lord Mayor observed that, it was one of the points of
complaint, that only 400 shares had been paid upon.
Mr. Cooke replied, that had the statement been made upon
affidavit, no such allegation would have appeared. The whole
1,800 shares had been regularly issued ; but some had not been
taken up, and of those the Directors were the holders, in addi-
tion to the number allotted to them.

The Lord Mayor suggested, that the best mode of removing
the injurious impression that had been created would be, to
call a public meeting of the Shareholders,' and have the matter
fully and satisfactorily investigated.
Mr. Cooke said, that he had laid a requisition for that pur-
pose before the Directors.

The Lord Alayor expressed his belief, that the publication of
the case had done some.good. He had stated to the ppplicants
that he could not pity them for any inconvenience they might
sustain, as they appeared to be chiefly actuated by a gambling
motive.

Mr Cooke said, a resolution had been entered into by the
Directors, that not one of them should be paid until the work
became profitable, aad that they had not taken one guinea.

THE GLOUCESTER-PLACE SWINDLERS.--It turns
out that the man and woman servant to the swindlers in Glou-
cester-place, are the identical persons who officiated in the same
capacity to another part of the same gang about a twelvemonth
ago in Beaumont-street.

- A plan has been engraved, and is in circula-
tion, for building between twenty and thirty
villas within the inner circle of the Regent's
Park.

COAL MARKET, Nov. 2.
Adair's, 39s—Burdon, 405—Beaumont, 36s—Felling Main,
36s—Killingworth, 41s 9d—Ord's Redhugh, 36s—Porhop
Windsor, 36s—Shipcote, 36s 6d—Tanfield Moor, 40s 6d
Townley, 39s 3d—Willington, 43s—Wylam, 37s 6d—Walls
End Bewicke and Co. 45s—Walls End Newmarch, 42s 6d
Walls End Northumberland, 42s 3d—Walls End Riddell's,
435, 43s 6001, 44s—Lambton's Walls End, small screened, 21s,
22s—Harfley,39s—Eden Main, 41s 9d—Lyon's, 43s—Russell's
Lyon's, 43s 94—Walls End Stewart's, 45s 9d—sill ps at mar-
ket, 24—Ships sold, 20.

BIRTH.
At River-terrace, Islington, Mrs. C... Tosswill, of a son.

➢IARRIED.

On Tuesday last, the Ist inst., at Margate. Mr. Septimus
Hugile Hunter, surgeon, son of the late Dr. Hunter, to Miss
Tipper, grand-daughter of the late John Copley, Esq., both of
the above place.
On Tuesday last, at Dursley, Gloucestershire, John Fisher,
Esq., solicitor, of Uley, to Felicia Anne, eldest daughter of
Mr. John Harding, of Dursley.