The Sun.
London, England, 1847-08-13 00:00:00

:llivi
Receipts. Charges, dend

£ s. £ s.
May, 1845, to July 31, 1845 • 2600 411 1190 16 4 1440
Aug. 1,1845, to Jan. 31, 1846' 3109 11 9 823 9 2 2880
Fet). 1, 1846, to July 31,1,46' 3442 0 6 )
1371 2 7 2000
Aug. 1, 1846, to Jan. 31,18471 3150 11 3 5
,1600

'12302 8 .5' 3383 8 '17920
Feb. 1, 18'47, to July 31, 18471 3404 11 0 *2258 16 7

115706 19 51 5644 4 8
Mr. HARDHAM moved the reception of the report,
which was secon.ied.

The discussion was then renewed with respect to the
statements of Mr. Stuteley and Mr. Cope, that they de-
clined to serve upon the committee, in the course of
which iC was suggested, that as they declined to serve, it
became a question whether there was a committee ap-
'Awed or not.
The Earl-ot DEVON said, if this was so, it ought to
have been entered on the minutes.

. .
Mr. Frearont. a selicitor, stated that Mr. Hawes asked
him' to .serve on the committee in the place of Mr.
St uteley.
The ntaremaN said that decided the question.
Mr. Ile.iv.es .did not deny that this was so. The two
gentlemen.were elected after they had left the room, in
order to give them the option of attending.
After.a.protracted discussion, a motion was agreed to
and adopted, to the effect that Mr. Stuteley and Mr.
Cope were elected members of the committee, although
they had previously signified their intention not to act—
which appeared to afford satisfaction to the meeting.
On the motion that the report be received and entered
on the minutes,
Mr. ELKINS rose, and said it now devolved upon him
to say a few words with respect to the conduct of the
Chairman at the last meeting, and also with respect to
the rejection by him of a considerable number of votes.
He objected to the reception of the report, and trusted
that he should be able to induce the meeting to arrive at
the same opinion. He objected to it, first, on the ground
of the illegal conduct of the Chairman in refusing to
receive certain votes, whereby he was enabled to prtv •nt
this report, because if the votes to which he referred had
not been refused, they would not then be discussing
whether it ought to be received or not.—(Loud cheers.)
No doubt, the Noble Earl would be surprised to
learn that the votes so rejected had been pre-
viously received and acted upon, and if ever theta
was an extraordinary. proceeding at a public board,
that act certainly came under such a definition. But
he went further—he considered the rejection of these
votes .a special breach of faith—a special breach of con-
tract—(Cheers)—a contract solemnly entered into be
tween man anti man, and whieh had been as shamefully
broken as any contract he ever heard of in his life.—
(Cheers.) As he understood the contract it was this—
certain parties consented to take shares in this company
with the view of possessing an interest in its affiirs, and
as.isting in forwardinir the objects which it had in view.
They paid a spec fled sum of money for the shares—
they were to be represented by certain parties whose
names were givi n, and who were to stand first as the
registered proprietors of those shares, and to be entitled
to vote on behalf of those shares on all occasions. By
the 64th section of the Act constituting the company,
It was clearly manifest that these shareholders so re-
jecud were entitl. d to vote. He made these observa
tious because he intended to take the sense of the meet-
ing with respect to them. He did not b. lieve that any
gentlemen, if this were one of the ordinary transactions
of life, would have ventured to say, " I received your
money for a particular purpose, but I don't mean to
carry out the object for which )ou disbursed it. I meant
to cheat you when I began."—(Cheers.)
A SHAREHOLDER—TheSO are very hard words.
The CHAIRMAN—My principal object here is to pre-
vent the use of such language.
Mr. fIAWES—I hope you will not prevent the gentle-
man from using any terms he may think proper. I like
hard words.
Mr. ELKINS—I know you do. No one yet has been
able to give you what you deserve.—(Laughter.) By
the 64th clause it was provided that the person whose
name stool first as a joint proprietor his others, as in
this case—for the shares were held jointly by certain
persons in conjunction with the Market Company—
should be deemed the owner of them, and the person
entitled to vote. Now, he contended that by that clause
the Chairman had no right to legally refuse the votes.
He had no doubt at all on the matter. By way of il-
lustration he might cite the case of A and B, who he
would suppose to be the trustees of a settlement, and
who were desirous of investing the money, say 50.000/.
A said, "I will invest 2.000/. in shares, and they shall
be represented as the property of A and B, and you
shall invest the remainder, and it shall stand in the
name of B and A." This would be elearly in cum-
pliance with the Act of Parliament, and they would an-_
cordingly stand -registered as agreed upon.-- Bat 'Order
A eame to vote, according to the reasoning of the de-
puty-chairman of the company, he was to be told "You
are a joint proprietor with B, and notwithstanding we
have received your money—notwithstanding you hold
t:nooentes.hmier(aeLns,awugehctaenr:ot allow yo uto vote."—(Hear, hear.)
That was
ewcasutAhießcmeAuNrsesatihdehdeputy-ehairman adopted at the
mmr.eEetii.nxgx,tleand.dsince then one of the directors had
amtanhnoegee!;:ohungaent;bhwteiu._led_aitve
away.—
(Laug-isit7r.)
that ewnasndwerhsattoohdohetnehaandtresHigendedid.
to imply that the Hon. Gentleman had run
:bre. EC:Aistirßsstasi reminded the Hon. Proprietor that
"'tor Pdeal of business to transact, and that
LI: wasted in discursive matter.
Pleaded the importance of the subject as
mo ft
eitnandeedeth
members
artaenin refusedna l tt t
toe of trespaveing at length on the time of the
not be Istewoe,
aspro 1
ceed with the busi cfit: e
sanely as appointed,
it cou could
business set down for it. The next b-
'ection he had to urge a, that the shareholders °re-
quired an impartial inglat conducted by persons in no
yonts. but one of- the entle-
per y constituted to pro-
knew little
way connected with the a:
men (Mr. Few) admitted thateh hdei
not hesitate to place
notorious that
was
knew it was
of accounts,
himself upon the committee, seittadi
and that
or ngothin
lawyers were inefficient accountant:.
true that two and two made
three six-and-eightpences made a pound,
little more, and yet this gentleman most
turthey knew
not only accepted the office, hut assbited in papsrisili:ghly;,
own accounts as correct.—(Hear. hear.) He was n';',Ca.is
over modest man—he did not possess too much diffi-1
thence, hut he did not hesitate to say, that if there had
been a payment of even 51. to him, he could not con-
scientiously put himself upon such a committee. He
never heard of such a disgraceful preceedirg.
The CHAIRMAN objected again to the use of per-
sonalities. Mr. Few's characterstood too high to admit
of any imputation of the kind.
Mr. ELKINS regretted exceedingly
being obliged to
allude to arty gentleman in such terms. He was, how-
ever, quite ready to admit the intelligence and acumen.
of his Learned Friend. The accounts were the most
extraordinary he had ever witnessed. The report stated
that 20,0001. -was required. They said, " sundry un-
settled claims, say 4.887." He saw nothing to prevent
them beini; 14,0001.. Then came " law charges, say
1,0002." When lie found that the solicitor was appointed
sometime last session, and he admitted he approached
this part of the report with a great deal of delicacy, and
that he had received 5501, besides his claim of "say
1,000/.," was -he not justified in saying that the directors
were. most blameable? Had the shareholders sanctioned
any law proceedings ? The charges had been increased
in endeavouring to prevent them doing that which they
thetur furniture
accounts was statednow submitted
'round thetnselves to do. In the last account the office
have ciots t 3
wasl6/.
stated 7s. 6t do. ,
bbut in
t
441. 123. Id. This showed the extraordinary mode in
which the accounts were kept. Why, they would not
be tolerated for a moment before a Master of Chancery.

* This iucludes interest, 1,3004