The Sun.
London, England, 1841-01-14 00:00:00

' it:lents—Mr. GEORGE SMITH, of Hume, said, that when
the old Manchester and Leeds Company had made a
survey, they disposed of their property to a new Company
!'or 1,800/.—[Mr. WHEELER said they could not do it
legally, except under special authority reserved to the
Directors.] —He had prepared an amendment, which be
had no doubt would find a seconder in Mr, Rawson ; he
had not spoken to any one to suppert it, and he would
move," That the Directors be and are hereby em-
powered to open communications with the London and
Birmingham, and other Companies whose interests will
be affected by this railway, with a view to its abandon-
ment ; and, as soon as proposals have been received, with
a view to enable the Directors to ascertain what opinions
the Shareholders city entertain, a meeting shall be con-
vened to take the same into consideration." He (Mr.
Smith) was a proprietor of 200 shares in this under-
taking, which cost him, with interest, 1,100/. ; and he was
quite aware, notwithstanding the letter from the London
and Birmingham Company, that an arrangement might be
made by which the Shareholders of this Company might
receive from them 3/. 10s. per sham.—[The—[The CHAIRMAN
—No; they say they will give us nothing.] He had no
interest in any adverse line, and had no Railway property,
except in the two lines emanating
Bfirromngmitlillaatd toLffiiescne()._the
Extension and the Manchester and
Mr. RAWSON said, if he were to second the amendment, it
would be with a little addition, Those who intended to
go on with the undertaking would not be acting in a
straightforward way if they did not give a little time to
make inquiry. He really felt quite uncomfortable about
another concern he was in, and would not name. He
need not reiterate the expression of the high estima-
tion in which he held the Directors as upright men;
but he should like to know a little more before he
agreed to a dissolution, and he did not feel prepared to
join the new Corepeny till he had had time to inquire.
He would propose to add to tile amendment, that a Corn-
rnittee should be appointed to inquire and re port to a meet-
inf., of the Shareholders in two or three days.—A SHARE.
HOLDER : Is there time for any delay ?—The CHAIRMAN:
Certainty not.--Mr. RAWSON : Then I withdraw from
eecondirg the amerdment—The CHAIRMAN : Will any
one second the mender-lent ;we must dispose of le—A
SHARREIOLLER (we think Mr. R. C. Sharp): It appears
to me, that the Proprietor has forgotten the letter written
by Mr. Glyn —Mr. WRATISLAW : At any rite he has for-
gotten the resolution we came to twelve months ago.—Mr.
G. SMITH No ; but we are in a different position now to
what we were them.—Mr. E. Toome: We arc in exactly
the same position.—The CHAIRMAN said, there bring no
seconder to the amendment, it fell to the ground. He
war shout to put the original motion of Mr. Chappell,
for the diseeltitien of the Company, when Mr. Oeet-
VANT asked if it would not be as well if the sub-
eteece of the resolution were put into two separate
resolutions—the first being that the old Company
should be dissolved ; and the second should go to the pint
of forming a new Company.—Mr. WHEELER: It is tint
intended to farm a new Company at this meeting at all --
Mr. Or.LIVANT repeated it would be more rettilar to have
a resolution simply drels.yeiag; the Company dissolved, and
then another expressing :he opinion of the meeting as to a
new C ,mpany being formed.—Mr. WHEELER sail if the
resolution were simply a declaration that the Company
was dissolved, then the proceedings of this meeting would
appear to have no reference to a variation in this line ;

it would bt, in fact, a defunct concern. But now, upon
the face of the resolution, the object is suited to be to
form a new Company. We craild not legally form a
new Company at this meeting; therefore we merely say
it is intended to do so, and as that is intended, lwe re-
solve that the present Company be dissolved.—Mr. OLLI-
vAST thought the notice convening this meeting stated it
was for the purpose of dissolving this Company and form.
ing a new one.—Mr. WIIEIILAR read the advertisement
(given above), and said, that of course the advertisement
was worded as widely as possible, because the Directors

did not know what course this meeting would like to take.
If the meeting had taken n particular turn, it would have
become illegal, and then it would have been necessary to
adjourn for 21 days, and call another meeting.—Dr.
LYON asked if the new Company would have any diffi-
culty
,:in commenring. the undertaking where the rid
Company left eff, in Parliament or elsewhere.—Mr
WnEELER

None, Sir.—A SnA Rh:HOLDER : Wiil tile new

Company have as available the valuable arrangement
made with the Grand Junction Company ?—Mr. WHEELER:
Most certainly.—Mr. BRIGHT : Was this step determined
upon at the last meeting ?—Mr. WHEELER C,rtainly ;
and I have the report here which shows it.—The CHAIR-
mAN then put the motion for the dissolution of the Coin.
pany, which passed with three dissentients.—The CHAIR-
, MAN declared that to be the number; and Mr. RAWSON
said, " Oh, there's many more."—Mr. CHAPPELL : Then
count them. Another show of hands were taken. and
there were found to be first four, and subsequently five dis-
sentients, whOse names were taken down by Mr. Wheeler,
as follows:—Mr. George Smith, Mr. William Rawson,
: Mr. Pierpoint, Mr. Shepherd, and the Rev. R. Durn.
ford, Rector of Nliddieton.—(lmmediately afterwards, it
wasintimated that Mr. Shepherd wished to withdraw his
dissent; leaving four dissentients.)
I Mr. LBO SCHUSTER moved the third resolution (for
j which see the Advertisement), appointing Mr. Higgins
' and Mr. Henry Chadwick auditors of the accounts.—Mr.
WHEELER said that the object of this resolution wes, that a
resolution having been now come to, by which the Corn-
pany is dissolved, of course unless the powers of the Pro-
visional Directors were continued for the purpose of wind-
ing up the affairs of the Company, they would be from this
' moment fancti officio, and unable to wind up its affairs.—
Mr. Josnua P. \VESTHEAD had no objection to second
the motion. He supposed both those gentlemen were
large Shareholders.—Mr. TOOTAL:: Certainly, they are con-
siderable Shareholders.—Mr. BRIGHT : Should there be
some time fixed when the Shareholders shall be called to-
, gethcr to roc dye their balances ?—Mr. Toms'. : A circu-
lar will be sent to each Shareholder, with the Report of the
Auditors, as early as possible.—Mr. BRIGHT : What means
will you take to collect the dissentients ?—Mr. TOOTAL : A
circular will be sent to each Shareholder, with a request
that he will communicate to the Directors what his desi-e
or intention is. If to take shares in the new Company, he
will apply for them ; if to retire, he will say so. A blank
form for each decision will be sent, to be filled up. It is
very desirable for the interests of the Company, that both
those who retire, and those who go on, should give their
answers AS early as possible.—Mr. WRATISLA w thought it
very desirable the Shareholders should hold together as
much as possible, in order that they might again be en.
titled to that feeling in Parliament, which was before mani-
fested in their favour. The House of Commons had passed
a resolution, stating, that the Company was exceedingly
ili treated the last time ; and he thought on this account
it was important that as many Shareholders as possible
should enter the new Company.—Mr. OLLIVANT : Of
course, in going to Parliament a second time, the Share..
holders will have to sign a new decd. [Mr. TOOTAL : Of
course.] And I think it was then stated, that the
probable amount cl, posited might be very likely
.91. 10e per share. le goine. to Parliament again, we
should have to say that we had paid ten per cent, upon
our deposits. Of course, then, there would be 41. 103.
more to pay per share before we could go to Parlia-
ment. It was always desirable that these things should
meet with candid explanation, and that there should be no
misunderstanding. He did not ask this in any hostility,
hut in consequence of a circular which he had received.
[Mr. NEWBERY—From one of our opponents, no doubt.)
Very likely. At the same time, we should know what
we arc doing, and when you touch our pockets. [Mr.
Tooret.—lt is not hvended to touch your pockets.] But
how will you get over it ? [Mr. TooraL— Where would
you like to have that question answered?] Mr. OLLI.
VAST—It rr.ust be answered, or it will not be satisfactory to
the Shareholders.--Mr. TOOTAL—It shall be, most dis
fieetly ; but don't ask me to cut your throat and my own.
[Mr. Bright having handed the circular alluded to by him,
to Mr. Newbery, that gentleman asked if any man put his
name to it ; And it was intimated that it was anonymous.]
Mr. OLLIVANT— Then, of course, I understand we shall
not have to pay any more before we go to Parliament?
Mr. WHEELER—Mr. 011ivant is perfectly right as to
the operation of the Standing Orders. But the Directors'
Report has already stated that the existing deposit has net
Leen appropriated in any way ; and they hope to provide
a course, which it is nut expedient to state here, by which
any further payment by the Shareholders will be obviated.
—Mr. °MAYAN T : That makes a great difference, and it
is perfectly satisfactory. I like to understand the thing,
when it is thrown in my face that I shall have to pay 41.
cr 41. 10s. per share, before we can go again to Parlia-
ment.—Mr. WHEELER read the concluding paragraph of
the D:rectore' Report as follows :

" It will, of course, follow, as part of this arrangement, that
the accounts of your Directors (who are the sole creditors of
the Company, no portion of the deposits already- paid having
been expended or appropriated) should be audited, and the
sum ascertained, to which, after contributing their quota to the
expenses incurred, the several retiring Shareholders, if such
there be, will be entitled."

These deposits aro still intact ; and the particular mode
by which it is intended that they shall still remain in..
tact, I em sure, Mr. 011ivant will not call upon the Di-
rectors to state here ; but it is intended that they shall
remain intact till the end of the next Session of Parlia-
ment.—Mr. OLLIVANT: Well mind you -don't get
thrown overboard by your opponents.—Mr. TOOTAL:
Oh, they attacked us before.—Mr. Alderman BROOKS
Mr. 011ivant is quite right in asking the question.—
Mr. OLLIVANT: It is a very important matter, and will
weigh considerably with all parties in signing the new
decd.—The CnatastAN said, be would put the resolu-
tion for the appointment of Auditors?—Mr. G. SMITH :
Who arc the Auditors ?—Mr. NEWBERY : Two of the
very heaviest Pioprictors.—The motion then passed
nern. (Ps —The CHAIRMAN said, he believed there was
no other business.—Mr. CHAPPELL said, it was d sir-
' able that the returns should be made to the circulars
as early as possible, and Mr. Wheeler was requested to
state the wish of the Directors to that effect in the cir-
culars.—Mr. Too Tar. said, that, probably in the course
of the next day (Tuesday), circulars would be sent to
every registered Shareholder in the Company, every gen-
leman who the decd.—A StiAsetiotnatt asked
signed the deed—A SHAREIIOLDER asked
how it woulc be with those who merely held scrip.—Mr.
an advertisement to them, and
tiTihoce:o Ti T
will be here brcd,:ds
g swillneno he
enough to call at this office, where every
callinformation gill eo course
the
odnioric't kerio w who
hey°f rs we
with their
are Seriph° c s,
b e
unlessve n

scrip.
Mr. T. ASIITON having loft the Chair, Mr. El. CHAD-
WICK was called therm°; and Mr. WRATISLAW said, he
thought it would be highly improper for the meeting to
separate without a vote of thanks to Mr. Ashton, for Ins
conduct in presiding over it. lie (Mr. Wratislaw) had
certainly never attended a public meeting in his life, where
the Chairman seemed so disposed to hear everybody and
everything. Every satisfaction had been given by him ;
and therefore he begged to propose, that the cordial thanks
of this meeting be given to Mr. Ashton, for his conduct in
the Chair.—Dr. Lvos- had great pleasure in seconding
ss of tw
!le_l%,.,9ti_`-'ea
rd
n,--It passed unanimously, and the meeting then
_'_
aboutaoquarter past two o'clock, having occu-
pied
hours and a half.—Manchester Guar-
dian.

ACCIDENTS irM THE FROST.—NO ------LRO---S T.L
t.ltven piTsons, who hadNo less than
t withareitL,it,i ii.,,Al the fro6t,
were admitted into St. BRlertholome,
day last. 's Hospital on Satur-