The Sun.
London, England, 1847-01-13 00:00:00

THE SUN, LONDON,

LONDON AND BLACKWALL
RAILWAY.

~• 58

A special general meeting of the proprietors of this
undertaking was held yesterday morning, by adjournment
from the offices of the company, at the London Tavern,
Bishopsgate-street, for the purpose of giving the
executive an opportunity of answering a number of
nwphoiiochts
connected
dneebeteend
containedatofftaiiirosdeirf
directors,
eti
the
a oers
companyruepqot
ti! seiet ir;otnalisi r
forwarded
J. N. Daniels,
chairman of the board of directors, in the chair.
Captain RICHARDSON, the chairman of the requisi-
tionists, after taking exception to the manner in which
the directors convened the meeting, proceeded to state
to points which the requisitionists wished to
havd finswepd and cleared up. A short while
ago a rOoting NF dissentlturient sh
when he
held at the george and YeF Tavern ,
areholders was
was elected chairman, and he took down the questions
which the dissentient.; desired to have az;ewered by the
directors. Subsequently he addressed a letter to the
directors requesting them to appoint a time for meeting
a committee of shareho!ders, to have explaineo tem
fully the present position end future prospecch an in-
tsd t
of h
the
concern. The directors decliaed to give su
terview, or to answer the queetions contained in
the letter requesting it, thinking it would be detrimental
to the best interests of the proprietors. A requisition
was then procented to the directors requesting them to
convene n eeecial meeting cf the proprietors, for the par-
pose of requiring the directors to give full and eeeplieit
answers to thirteen questions, which the committee of
shareholders had propounded to the directors.
A SHAREHOLDER wished to know how many Ames
the dissentient shareholders held.
The CHAIRMAN replied 300.
A SHAREHOLDER—HOW many does Captain Richard-
son hold ?
The CHAIRMAN replied five.
Captain RICHARDSON retorted, that the smallness of
his interest in the concern only showed that he was
actuated purely by a desire to benefit the great
body of the shareholders. The first question he put
was, what amount per passenger is received by the
Blackwell Railway Company, for pier dues and passage
money from Blackwell to London, from the steam-boat
companies which land and embark their passengers at
Blackwell?
Mr. theiesoer said that if the questions were to be put
and answered seriatim, they would be kept there till
midnight, and. as he thought the questions involved
a want of confidence in the executive, he should
move as an amendment, that the meeting considers the
proceedings of the committee uncalled for, and begs to
convey its sense of full confidence and approval to the
directors on their past conduct.
Mr. MARRIOT seconded the amendment.
Mr. LEVY objected to this triode of meeting the ques-
tion, and declared that many of the queries could be put
and answered with advantage to the shareholders. It
was unfair, when a simple and straightforward question
was put, to get up a cry that those who proposed it
wanted to turn out the directors.
Sir ISAAC LIONEL GOLDSMID suggested that it would
save time if each question was put and answered as the
directors thought proper; and if they declined answering
any one of them, it would then be for the meeting to ex-
press an opinion upon the subject.
The CHAIRMAN said it would seem the directors were
being blamed for acts and resolutions which the share-
holders had agreed to themselves. Now this very
question was put at their last half-yearly meeting, but
the meeting refused to let him answer it ; and, was it
likely after that they could disclose to a few what the
many had decided they would not hear? The same
terms which had been accepted by one steam-beat
company had been offered to all ; and he solemnly
declared that the directors had always acted in a way
which they thought was best for the interest of
the shareholders. Since the present direction bad
been in office the value of their shares had been doubled,
and he promised that, if they were let alone end allowed
to' go on acting according to their best discretion,
their value would be still further enhanced. He could
not disclose the minutest details of their management, and
he must, therefore, throw himself upon the meeting, and
decline to answer the question. He believed he had
mentioned that they offered the same terms to each
steam-boat company.
Mr. PELLASTER—No, no.
The CHAIRMAN called upon the Hon. Proprietor to
name the company that had not had offered to them the
same thing.
Mr. PELLASTER—The Diamond.
The CHAIRMAN replied that not only was the Dia-
mond Company offered the same terms, but, for the sake
of peace, trey were offered bet ter.—(Hear.) He would
now state that they were in communication with parties
connected with both the London and North-Western
Company and the Eastern Counties, and he was glad to
say the negotiations were likely to end in such a way as
to advance their interest and increase their traffic. They
Company,themanseflroens
taoll
ipreopinrotsveththeeyirwpeorseitisotnreaneuil
were also negotiating with the East and West India
°us Docksiy
exerting
increase their traffic. Arrangements had been made
with their engineer for immediately proceeding with
their extension line, and there was a prospect of its
being open and ready for traffic by October next. The
line to the docks would shortly be ready for traffic, and
he could state that its cost would not exceed from
75,0001. to 80,0001. He complained that the requisi-
tionists had not treated the directors with due and
proper courtesy, and, although they only held
a small interest in the concern, they had actually
arrogated to themselves the power of offering the line
for lease or sale to the Eastern Counties Company.
He had now generally answered all the questions which
were contained in the requisition, and he hoped the
meeting would absolve him from going individually or
minutely into each question. It was clear, from the
report of the Metropolitan Commissioners, that their
shareholderrejoices
ee
dewiosooeurelstdei
6.
fit eehvdeeynwthiutaandl
the
euhresgvueeende.
line was an exceedingly valuable one, and if the
directors were let alone he was confident the
e
r het to
had.
given, of course he should be most happy to give
goodrellf statementancayu ssa
any and every gentleman all further information he
might require, if he would only call personally upon him
at the office.—(Cheers.)
Mr. D. IV.
HARVEY was glad the meeting had been
called, because it had given their Honourable Chairman
an opportunity of clearing up the
doubts which pre-
vailed upon the subject of the *•negiletiations that were
[wing on with other companies.
sa-
tisfied with the explanation, and he was perfectly
thought, when it
went forth to the world, there would be few share-
holders disposed at present to part with their interest
in the concern.

47 lii

9 Ts xd

~.. 196%
23%
1.13/4

~.... cc

••••• ........
~... 26%

51/2.

• • • •••

-

.••• ...,r

17!4
111/4

1% p

,••• 1U P

.••• ...

•••• ••••••

.•• • .....

128

37%
t;i

.• .....
34%

, •• ...

~. -...

I•• ••••.•

••• '''''

11%

1%
351,4
1514
3t4

3%
64

8:%

31A

12%

2 ii.i.
% dis

1% p
40

17
4W

3%

214 p

184

15%

-
%

31/
1 0 1/9

35%

---
Captain RICHARDSON also expressed himself partiall •
satisfied with the statement, and wished to withdraw his
questions.
The amendment was then put, and carried by a very
large majority.
A vote of confidence was then passed unanimously to
the directors.
The CHAIRMAN, having acknowledged the compliment,
proceeded to move that the remaining 106,0001. of the
debenture debt should be converted into capital by the
issue of 16,000 additional uew shares of 6/. 13s. 4d. each,
to be offered to the holders of existing stock in the
following proportions. namely, one new share for every six
of the 48,000 old shares upon which all calls shall have
been paid, one for every six of the 24,000 new scrip
shares upon which the fourth instalment shall
have been paid, and one for every two of the
8,000 251. exteLsion shares upon which the
call shall have been paid, and that a deposit of 1/. 13s. 4d.
per share shall be paid upon allotment, and the remain-
ing Si. paid by instalments of 11. per share, at intervals
of three months.

The reiolution was seconded by Dr. BOWRING, put
'rom the chair, and carried unanimously.
The melting then broke up.

SAMBRE AND MEUSE RAILWAY.
The third half•yearly meeting of this company was
held on Monday at the London Tavern, Bishcpsgate-
street. William Parry Richards, Esq., President, in
the chair.

The SECRETARY read the report, which stated, inter
alia, that the works had been, during the last half-year,
advancing with vigour. At the present time, about
3,000 men are employed on them, the greater portion en
the first section of the line, which it was the great object
of the directors to open at the earliest possible moment.
In order to adapt the railway to more extended
traffic than was at first calculated upon., Monsieur De
Grandvoir, the engineer in chief, had, from approved
plans and sections, by great and unremittirg exertion,
completed a careful and detailed estimate of the cost
of the entire line. His estimate results in a sum
of 23,000,000 francs, or 92,0001, including 64,0001.,
originally. estimated for carrying stock, for which
ldsoauretly.mt:eirinoJap:7tpe.r 80,0001., i
twillo ebpe
pace prudent
w t
hto t h
eadd
extraordinary
noit e
cotf
wasthe
comparedtr traffic of thewit
with
district;th a under and when
execution,the
rther
afu
taking into account the large quantity of land required
thec
oconversion
eo
largerf the branch s 1 ianneds
wfroormk
shoo; saer-tp,
for the double line, the greater extent of station ground,
utwheeradto-
ditional quantity of rails and chairs for the double line,
and, finally, the heavier earthworks to which the
im-
provement effected in the curves and gradients through-
out the line will give rise, looking at all these important
changes, the additional cost of 300,000/., which was the
difference between, that originally contemplated and M.
de Grandy= s estimate, was not matter of surprise.
Arrangements had been made with the contractors
which would render it unnecessary to deal with the
question of raising the increased capital required
until after October, when the first portion of the
line would be opened for traffic. The funds in hand,
with calls payable during the present year, will
suffice to open and stock the first section, enable the
directors to advance the works south of Walcourt, and
to complete the whole of the land purchases for the main
line and branches, a point of great. importance. From
a statement prepared by M. Magis, the Government
engineer, and derivt d from authentic sources, the amount
of traffic was expected to produce a return of 180,147/.,
from which if they deducted 501. per cent., or 90,0731.,
for working expenses, there would be left a balance of
90,073/., or 9/. per cent. on the contemplated expendi-
ture of 1,000,000/. sterling. The prospects of the under-
taking were most satisfactory, and the directors wered
convinced that the traffic on the first section would
exceed the ordinary results. obtained from partial
h
openings, and bear out their anticipations of t e
whole ; but some idea might. be formed of
.themd
from the report which the directors had obtained
from Mr. 1 'linas Bonehill, of Marchiennes, an Eng-
lish ironmaster, in connexion with one of the principal
works in the vicinity of Charleroi ; and he
.tilculik
the quantity of coal, coke, and iron ore, which would
necessarily come upon the first section of the railway,
c
at nearly 1,000 tons daily. Look.ng at all the circum
stances of the case, the directors were confirmed in their
opinion of the solid merits of the undertaking. The
calls made on the proprietors bad been answered with

piev
WED „ '4'3/JAY MORNING,
great regularity, and tl.`le. Belgian Government had shown
its entire confidence in t h e proceedings of the company,
by returning three-fifths of the caution money
origi-
nally deposited. The st mtement of accounts show that
237,460/. 18s. 3d. had been :received, and 107,4241. 18s.
7d. expended, leaving a balance of 130,035/. 15s. Bd.,
43,0401. of which was. deposited with the Belgian Go-
vernment.
The report and statement of accounts, on the motion
of the chairman, seconded by Mr. Flood, having been
adopted, a vote of thanks was passed to M. De Grand-
voir for his able engineering services. A similar com-
pliment having been paid to the Chairman and the Board
of Directors, the meeting separated.

ROYAL HUMANE SOCIETY.

The general court of this society was held
,yesterday,
at their rooms, at half-past two o'clock; B. Hawes, Esq.,
the treasurer, in the chair, for the preliminary pro-
ceedin,s.
Mr.tbharlier, the secretary, read the minutes of the
lest, meeting, which were confirmed.
re
Mr. B. ond Cabbell, M.P , took the chair, while the
Secretary went through the several cases reported by
tbp ponunittee for rewards,
A silver medal was awarded to Robert Moneey, an
able seaman of the ship queen, who, at the risk 9f
his ova life saved that cf toe second officer, Mr. John-
sen, who fell overboard a? tho Caps of Cr..;od Hope, and
v,ho bad Emil: twiee before Moneey reached hie/. The
bronze medal was awitr4o to; linother seaman razed
Martin, for his assistance on that occasion.

Eilyer medal was also awarded to Lieut. Finch, who,
while dressing pi; brisro; a frigate at Vortitriontla., saw
man named Bradford, while endeavouring to loose
ti,e jolly-boat from its fastenings, cast overboard.
Vini:h iip.--;.‘flintelv threw off his clothes,_ and
leaped through the pcal'hoie tlie waiee, doing
which he was much lacerated. He reached Bradford as
he was sinking, for the second time, and ultimately suc-
ceeded in getting him 12'4 board, though in a belplesg
state.

Another medal was awarded to Mr. Clifford, who on
the 2(1 of July saved the life of a gentleman named
Wakeling, who was thrown off the steamer Waverley,
when off Cadogan-pier, Chelsea, and, though not a
swimmer, succeeded in holding Mr. Wakeling up in the
water until they reached the hawser, by which the
steamers are moored to the pier.
Silver medals were also awarded to the Earl of Leicester
and W. Astley, Esq., for their gallantry in endeavouring
to rescue one of their servants, named Cooper, who,
while passing Holcombe Bay, got into the deep water
where the tide was most rapid. Mr. Astley first leaped
into the water, and the man clasped him round the neck.
Lord Leicester then went to Mr. Astley's assistance, and
they bore the man to the shore. A silver medal was
also awarded to Mr. Jackson, the captain of the steamer
Locomotive, trading to Chelsea, who seeing a boy strug-
gling in the water on the 22d July, sprang from his
paddle-box into the water and saved him, after he had
sunk for the second time. Medals were also
awarded to H. Vereker, Esq., and Mr. Thomas
Mitchell. Another was awarded to H. Jenner, Esq.,
who, though unable to swim, leaped into the
reservoir in the Green-park, where the water is
eight feet deep, and though loaded with a heavy great-
coat, held on to the side of the reservoir with a young
woman in his arms till they were both rescued. Silver
medals were also awarded to Mr. Gibson, purser of her
Majesty's ship Lily, to H. P. Green, Esq., Mr. Thomas
Mitchell, and the Captain of a French corvette, each of
whom had risked his own life in saving, or attempting
to save, the lives of their fellow-creatures.
From the cash account, it appeared that the balance
remaining in the treasurer's hands at last meeting was
1431. 17s. Id., and the amount received in various ways
-ince that time 2,6491. 19s. 7d. The amount disbursed
by the society was 1,6191 7s. 11d. for apparatus, re-
wards, and other necessary expenditure.
Thanks were voted to the Duke of Northumber-
land, who was re-elected president of the society,
and to Mr. Hawes, the treasurer, who has been
for more than fifty-years connected with the society.
Thanks were also voted to the several other officers of
the society. The vic.--president and trustees for the next
year were appointed, Mr. Charlier was re-elected secre-
tary, and thanks voted to that gentleman and top the
chairman.
Before the meeting separated Mr.CEAR!.IER stated:hat
during the late frost the society had been instrumental in
saving the lives of no less than forty-five individuals.
In this statement no notice is taken of the several severe
accidents which occurred on the ice, many of which
required much surgical aid. The number of skaters
between the 19th December and the 3d of January was
not less than 279,000 on the various ornamental waters
of the Parks.

LATEST PRICES OF SHARES,
N BANKS, ASSURANCE, AND OTHER COM.
PANIES' STOCK.
From els Official List,

ÜBLISHED EVERY TUESDAY AND FRIDAY EVENING.

LONDON, TUESDAY, JANUARY 12
JOINT-STOCK BANKS.

Dividend Amount -- --- ,
Name of Company. per of Paid. Price
Annum. Share.
------ 1 - '
£ s. d. £ s. d.
tustralasla .......• • • 6/. per cent. 40 0 0 40 0 0 -
itritsh North American Si. per cent. 50 0 0 50 0 0 4434
commercial of London Si. per cent. 100 0 0 20 0 0 -
lolonial . ........Si. per cent. ,100 0 0 25 0 0 -londn and Westminstr i 61. per cent. 'lOO 0 0 20 0 0 -
cndon Joint-Stock .• • 1 61. per cent. 50 0 0 10 0 0 •-
)[ etropolitan ..... .. .. 1 - 25 0 0 710 0
Provincial ot Ireland- 81. per cent. 100 0 0 25 0 0 -
Ditto, ........Si. per cent. 10 0 0 10 0 0 -
National of Ireland • • 5/. per cent. 50 0 0 20 0 0 -
Nat. Provnciai of Eng. Si. per cent. 100 o 0 35 0 0 I 36
Ditto, New.• ••• • . - 51. per cent. 20 0 0 10 0 0
i
Union of Australia •• • . 61. per cent. 25 o 0 25 0 0
Union of London. •• • . 51. per cent. 50 0 o l 0 0 o
INSURANCE COMPANIES.
Dividend Amount
Name of Company. per of Paid. Pric,
Annum. Share.
, -•---- -
£ s. d. £ s. d.
Albion .• •••••• • • • • • • 31. 1131 500 0 0 50 0 0 75
Alliance Brit. and For. 6 per cent. 100 0 0 0
0 115 0 0 15%8%
Ditto Marine. ••• • • 61. per cunt, 100 0 0
Was .•••• • • • • ... •• • • 13s. 6d. pr eh. 50 0 0 5 0 0 15
British Commercial •• 7s.per share 50 0 0 50 0 7%
; lericl,sled.B.-.Gen.Life 51. per cent. 100 0 0 210 0 10
ounty
10s. 50 0 0 5 o 0 -
Lagle ••• • • • ...... •• • • 6s. 50 0 0 50 0 s%xd
Eng.& Scot. Law •• .. 5/. per cent. 50 0 0 2 0 0
20
3
European Life ........per cent. 20 0 0 All paid.
Freemasons' .
, r.obe ••.•• • • • • ...... 61. per cent. Stock. - 136
Guardian ••.•••• • • • •• 51. per cent. 100 0 0 36 10 0 4814
Imperial Fire •• •• .... 6/. and bonus 500 0 0I 50 0 0 230
Imperial Life •••• • • • • 125. 100 00110 0 0 -
Indemnity Marine• ••• • 11. sh. & bs. 100 0 0 I 513 1 31
..aw Life .• ••••• - • • • • 11. 53. 100 0010 0 0 3%
.egal and General Life - 50 0 0 20 0 6%
.andon Fire •••• • • • • 10s. 25 0012 10 0 15
,ondon Ship •.••• • • • 103. 25 0012 10 0 15
id arine .. ••• • • ...... 5/. per cent. 100 0 0 15 0 0 -
t!ed. Invlid&Gen. Life 4%1. per ct. 50 0 0 2 0 0 -
National Loam Fund- 51. per cent. 20 0 0 210 0 -
National Life ••. • - ... 81. per cent. 100 0 0 50 0 8
:alladium Life 5l. per cent. 50 0 0 2 0 A 2/. ad
Phcenix - - 195
Protector Life •• • • ... 51. per cent. 20 0 0 1 0 0 235. 6d
Provident Life •• • .
Rock Life •••••• • • • • .. 4s. 50 0 010 0 4}4
Royal Exchange Si. per cent. Stock. -- -
210
Sun Fire • • ••. • • • • .. . 6/. 10s. - -
Ditto Life ....• ••. • • 1/. 61. - 49
-
Universal Life .. -
----_-__.
LIST OP SCOTTISH COMPANIZZ' PRICES.
----._
Dividend Amount paid, Price.
Name of Company. per of
Annum. Share. ---
------ x 5. d
£ 5. d.
100 0 0 176
flank of Scotland - 0 155
00 Royal Bank of Scotland 61. per cent. - 100
British Linen Company 81. per cent. - 1000
00
Commercial Bank •• • • 61. per cent. - 10
216207
10 0 0 141.103
National Bank • .....
Union Bank of Scotland 7%1. pr cent. - 50 0 0 844
Western Bank •• • • - 5 0 0 714
Northof Scotland Bank 61. per cent. - 10 0 0 13%
Clydesdale Bank •• • • - 10 0 0 12
Eastern Bank • • - 2 10 0 4/. 115
Caledonian Bank - 50 0 71. 2s
Edinb.&tilasgow Bank 6/. per cert. - 10 0 0 13/. 7a
City of Glasgow Bank . 5/. per cent. - 0 10 0 245. 6d
Scottish Union Ins. Co. Si. per cent. 20 0 0
10 0 0 144
Hercules Insurance Co. 71. per cent. 100 0 0 All paid. 91
[noun Co. of Scetind• • Si. per cent. 10 0 0
10 0 0 27
North British Incur.• • 5%1. pr cent. 200 0
Caledonian Fire Insur. 101. per cent. 100 0 0 10 0 0 22l
12 10 0 18 4
Edinburgh Life Incur. 6/. per cent. 100 0 0
50 0 0 50 0 0 78?„',
Ed in. & Glasg. Railway 11.10 s. per c.
12 10 0 All paid. 194
Ditto, 4 Shares• •• . 73.6 d. p. S.
20 0 0 20 0 0 11q.,i
Edin., Leith, & Grantn -
lasgw & Ayrshir Rail. 71. percent. :(5) 00
00 All ppaaiidd.. 6196%4
Glasgw &Greenck Rail.
21.
percent. cceennt. 25 0 0 All paid. 39,,,
,Bsov &Ganikirk Rail. 51. Pe 25 0 0 All paid. 37
I)undee& Arbroth Rail. 6/. per cent.so 0 0 210 0 9
Standard Life.tesernce. 5/. per cent.

-_.:----------
CELNA.X.S.
I
Names of it Dividend Nantes of
Dividend!
Prlee• Companies. .1 per price.
Companies.
.13 per , 2 At multi.
4 Annum.
I-..-- ---- -
X I ----.
kshtn& Olslh 97,51.55. p e - I%lonmouthsli Loul 8/. _
Ashby-d-la-Z,113! 41. - Mutgornrysh 100 5/.
Barnsley - -1160 121. -- Macclesfield. 100 - -
liasingstoke..loo - , _ Leath ••• • • • 100 17/. -
Brknk&Abrg 150 i Si
j - Nottingham. 150 12/. -
Cromforti..•. 100 14/. : - Peak Forest . 78 31.
Dudley ...... mil 4/. 1 - Regent's .... 33 1/. 51 75
Derby - • ... 100 6/. - Rochdale.... 85 „. • 24
I.:IISMre&ChS 1331 4!. ' 55 Shropshire • . 125 'Bl.
Erewash • - 100; 32/. - Somrset Coal 150 71.10, --
Forth & Clyt1,100: 4/. - 1)°•"/.(18i 12 6/. n ;
Orand.lunctni 1001 71. 80xd Stfird &Wore 140 28/* - -
L.rand Union'looj 11. 10s. - Shrewsbury..l
1451 9nt
125 151.- -
lilamorgnsh .i 172 13%1. - Stourhrldge.
;istr & ltrkly 101 - - Strtlid on AV 79 T --- 315
9 IL 105.
:Irantharn • . 15001 121. - Severn and 1 1
Huddersfield. 571 - - Wye Rail. j 26 11. fis. -
Kennt & Avn 39, 7s. 6d. 5% Trnt & Mr- 1
Lancaster . -
001,11.1.0 e. - !Ley, IA sh. j 50 an/.
Leeds& Livrp 101 341 522 Thams &Med 19 -
Leicester .. • • 1401 10/. 105 Worcstr SO - -
Leicstr &Nth 831 41. 52 1 'firming. i7B
Loughborogh[l42, 701. - t Wilts & Bits 67 43
2111..
_.

Name of Company.

DOCZS.

Dividend Amount
per ' of I "*" P.,
Annum. Share. d.

B. d.
Commercial ......... 3/. per cent. Stock.
East and West India...' 61. pr cent. Stock.
East Country
London .. 5/. pr cant. Stock.
411-Katharine ........ 5 per cent. ' Stock.
southampton •• • ... I/. per cent. 50 0 0

X S. d.

I

VIATER-1/rol4sB.

Name of Company.

Dividend I Amount
per of

Annum.

Share.

50 0 0

Paid.

I s. d. -
East London •••• • • • 8/. 100 0 0
Grand Junction ••• • .. 3/. 10s. 41 18 4
iient•• •••• • • • • ...... 2/. 10s. 100 00 1
Vauxhall •• •••• . . .. 5/. per cent. 100 0 0
West Atlddlese . . . 51.55. pr cut. 63 12 9

Mr. Roe's hds., Mon., Creycombe Village ; Sat., Lad-
brook Gate.