The Sun.
London, England, 1841-08-21 00:00:00

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By B..lance

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The CuarnmAx said he would, without making any obser-
vations upon the Report, now advert to the paragraph which
related to the transactions of an ex-Director, whom he was
glad to see present, and whose absence he regretted at the last
meeting, because if he had gone into those charges that had
' haen since made by him against the Directors, and had ex-
plained them much of the eblogny that had been heaped upon
the Compony might have been removed. On the subject of
those charges he had nothing to add to what ke stated at the
I:st meeting. On that occasion, in answer to a question put to
him by a gentleman then present, he stated that it had come to
the knowledge of the Directors that Mr. Alderman Hum-
phery had sold shares in the Company of which he was nst
possessed, that this had led to afiiscussion among the Board of
irectors, which had resulted in the resignation of 31r. Alder-
man Humphery. This information was given to the last meet-
ing, and Mr. Alderman Humphery had since that rime pub-
lished a paper, in which he reflected on the character of his
colleague. Since that time the Secretary of the Compny had
published a letter, stating that the Directors repudiated all the
charges which Mr. Alderman Humphery had brought against
them. What, therefore, the Directors first proposed to do was
to give Mr. Alderman Humphery an opportunity to enter into
an explanation, not only of his own conduct, but of the reasons
which had induced him to make the charges he had done
against others.—( Cheers. ) _ _

Mr. CIRAWSHAY said that, as his name had, been mixed up in
the transaction to which the Chairman had alluded, he trusted
he should be allowed to state how far he was "concerned in it.
He claimed to be allowed to state the whole transaction, both
with respect to himself, and also:to Mr. Alderman Humphery,
as he thought it was but fit, before they legislated upon any
subject, that they should be perfectly aware of it. Hitherto
a great deal had been stated and published with respect to
these transactions, which are highly derogatory to the character
of Mr. Alderman Humphery. But the meeting must bear in
mind that those statements and assertions must still remain to
be proied. It was stated that not only had Mr. Alderman
Humphrey dealt in 100 shares, but that he hail sold many
hundreds, and that he had done so for the purpose of reducing
the property of the Shareholders. Now he (Mr. Crawshay),
after having made every inquiry, was quite convinced Mr.
Alderman Humphery had not sold more than the hundred
shares. The real nature of the transaction was this—Mr. Al.
derman Humphery had come to him, and had asked him if he
would sell him a hundred shares at nine discount. He (Mr.
Crawshay) expressed his surprise that Mr. Alderman Hum•
phery should make such a request, observing to him, that he
could obtain them in the marks tat 10 discount. In making
this statement, he (Mr. C.) wished the meeting to understand
that he was anxious to do justice:to an individual whom he con.
sidered to have been dealt with rather too harshly. Upon his
making the statement that Mr. Ald. H umpherycould get the shares
at 10 discount, Mr. Alderman Humphery observed, " Never
mind, I will give you 1,6001. for a hundred shares, as I eannot
get, them in the market to-day ;" and he said he would also
give him (Mr. Crawshay) the calls for a hundred shares more
that day month, at the same price. He (Mr. C.) then asked
Mr. Alderman Humphery if he should have any ohjection to the
subject being mentioned to Mr. Routh, to which he said hehad
not; and ultimately, after Mr. Routh had been made acquainted
with the subject, he (Mr. Crawshay) declined to sell or bu
That was the whole transaction between him and Mr. Alder.
man Humphery. As he had said before lie had been told that
Mr. Alderman Humphery had sold hundreds of shares, when
he fii mly believed the fact to be, from all the inquiry he had
made, that he had only sold one hundred shares.
Mr. Alderman HUMPHERY assured the meeting that he
thanked his friend Mr. Crawshay for saying what 'could not
be elucidated by anything that might fall from him (Mr. H.)
It had been' said that he had sold some hundreds of shares
to injure the Company. But the fact was, as they had
heard, that he had sold no more than the hundred which
of
they had just been told; and these he certainly would not have
sold if he understood at the time the real nature of what he
was doing. However, his only reason for doing so was that he
saw he never could have an opportunity again of getting so
much money for his shares. —( Hear, and a laugh.) It had
'been said in the papers that he had sold shares.again and again,
until be brought down the shares to 11 discount. But he