The Sun.
London, England, 1849-02-26 00:00:00

MONDAY

w A TEI3 FOR D. WFXFOT3 0, r)l
luKr.~..~`,k' RAILWAY.)

EXTRAOUDINARY

iie tti.yeac) w-et:i,g Of . C 01.14, ,;.y
for twelve o'clock on Saturday, at the office,., West Strad,
but at that hour not more than twelve sharehohkrs Werr.
present. After waiting fur an hour an individual
entered the room and told these gentlemen that there
was not a sufficient number of proprietors present to
constitute the meeting, and it must, therefore, stand ad-
journed, sine die.
A PROPRIETOR asked the individual who he was ?
The INDIVIDUAL—What is that to you.
The PROPRIETOR—If you insult me in that way, sir,
I will ram my umbrella down your throat.
The INDIVIDUAL—DO it, sir ! Do it !
Mr. RICHARDS—ReaIIy that is not fair. No one has
the power to adjourn this meeting but the chairman.
Pray permit me to ask who you are?
The INDIVIDUAL—NO. 12, Whitehall-plo.ce.— (Shame
and laughter.)
A PROPRIETOR—Oh, it's wasting time to alit this
man any question.
Mr. RICHARDS—Who has authorised you to attend
here and adjourn the meeting.
The INDIVIDUAL—I represent the solicitors, and I
shan't answer any impertinent question.
Mr. RICHARDS—I am not asking you impertinent
questions. Will you permit me to ask further who are
the solicitors ?

The INDIVIDUAL—Messrs. W. 0. Hunt and Son, but
there is no meeting and I shan't answer these questions.
Mr. RICHARDS said the gentleman had taken upon
himself the responsibility of adjourning this meeting,
and as neither Lord Courtown, the chairman of the
company, nor the secretary, nor any one of the directors
was present, he felt that he had a right to ask, even as
a matter of courtesy, who had authorised the gentle-
man to proceed in the manner he had done. He would
ask whether the meeting could be put in possession of
the half-yearly report ?
The INDIVIDUAL (who said he was Messrs. Hunt's
managing clerk)-oh, I know nothing about your report,
It was then moved, that Mr. Nash should take the
chair, which led to a good deal of confusion, the indivi-
dual and a clerk in the office, threatening to Gall in
the police, and turn out the shareholders. The share-
holders persisted in holding a meeting, and when order
was restored,
Mr. NAsu prcceeded to explain the present position
of the company, which he represented to be most deplor-
able. The directors were in the receipt of 1,000/. a
year, and the secretary, who had failed to attend, also
received 1,0001. a year for his services. The last ba-
lance-sheet of the company represented 13,0001. to be
iu the hands of the bankers, but on inquiry it turned
out that there was only 1,0001.
The following resolution was then unanimously
agreed to :—" It being alleged, and appearing upon the
lace of the accounts, that the total capital originally
subscribed for was less than three-fourths, and that the
call of 1847 has only been paid on about one-fourth of the
total capital, and the next call of 11. in March, 1848,
on 6,500 shares only, or about one-fifteenth of the total
shures,and that the alleged subscription of the South Wales
Company, for 11,200 shares, does not appear in the ac-
counts' or books, or as paid up, and that the bankers
had not in hand one-twelfth of the alleged balance, and
that the capital has been lent without the sanction of
the shareholders; resolved, that the accounts be re-
ferred to a committee of three, for inv. stigation, with
liberty to report on the future prospects and management,
or the suspension or sale of the line, and to bring these
subjects before the Committee of the Home of Lords,
now sitting on railway accounts."
Thanks were then voted to Mr. Nash, and the meet-
ing broke up; not, however, before it had been ascer-
tained that it was the secretary's clerk who had threa-
tened to call in the police, and turn out till shart-
holders.