The Sun.
London, England, 1846-01-31 00:00:00

-.-L-STOV,7, FOREST OF DEAN, AND GL:WCESTER JUNCTION IZAILW-.%Y. I

spe,-ial general meeting of the directors and share-
liej)-t:l's in this railway was held at the London Tavern, at
„ v • -for the nurpose cor:sidering
,a 5 pos afternoon, ,
Parr • lti9n nf the Company, and its
offscance of success in tatuent. A considerable number hareholders were
atiZehnt; E. E. Dayrell, Esq., High Sheriff of Buckingham,
The auvertisement convening the meeting having been
,711 e o.ara st rose and said—Gentlemen, if I have delayed
.lingittle in taking the chair, it was for the purpose of assem-
yi...c pbout as large a body of the shareholders as we could
nic.atbtoogurthoezi-ri.akle,must beg your attention to the statement
and to the motives which have induced
;earfOirectors to summon you to this meeting. They have
to2r!Lea their duty to the present moment ; they have,
arewp(lieci with all the requisites required of them, and they
'w in the Course of performing another duty in calling have
ogether to receive further confirmation of what they-
whi,hderie, and to receive suggestions as to the future course
Eou rthey Ought to adopt. We do not conie_. to
l° the purpose of stating that, after has In.g staildea a portion of your capital, we are not in
Itiariti°4 to comply with all those requisites
iitay be required of us; we have done everything
youre" could be required of us as directors ; we have lodged
posit "could
money required for the payment of the de-
pared 2 to the Accountant-General is ready, and we are pre-
afi; ge into Parliament if you intimate that such is your
ihtete out the altered circumstances of the lines7circum-
fors, 3 which it was not in the power of the directors to
tak-eeehave rendered it a paramount duty with them to
aal.;,e,ar opinion as to the course which you think it
C,o47"ne they should pursue. When the project of this
hod 11)oanY was first submitted to the directors, we
intend notice—no kind of information, that any other parts
troiae,..ed to take the ground which the line was prepared to
Sat p, ‘", or to occupy the position which the Company does
eijaset• I know that the South Wales Compa had
am tothrown out last year in their endeavour to obtain. a
hat weehealtruct a railway from Chepstow to llopp Crib;
NeoPlitBtiest_itioltnci not the smallest intimation of their intention to
N* • tue Matter further, and were strengthened in this
by the fact that the Admiralty bad been op-
* Princi,„"",, this project, and that they had been defeated
Itith"-auY on this account. It wa's not, however, until
ka la the
fie.
„ last fortnight that their real intentions were.
korte. 7,,,"1ieY were certainly not known to us before this
."13 may at least be some justification for the directors
tilt 8,5 entertained your project, and for having taken all
j. 21.8 inTpoa
stise:e,asary for its submission to the Leislature. It
. -ant the o .4ote for them to foresee that a powerful Company, I
for
,sety had
been ^,outh Wales, intended to take up a project on which
previously defeated. It will be unnecessary
Yoh eir: to describe the course of our line, because
trkand doubt well acquainted with its geographical po-
io thd,Plat between Chepstow and Gloucester it is a
Oreatell,tile of railway between two great Companies—
"44lalga eatern and the South Wales, which have since
Weal, aiated. It then became uestim with us whether
Show "14 enter • a. q
d she . into a contest with them, and whether we
Muse
I can_ into
funds in our hands in fighting a contest,
1-"rait. ir.:mt but in my conscience believe to. be hopeless,
titti 'a
.scareely to be supposed that after Parliament,.
Peadat,,aation of Sir Robert Peel, will permit an inde-
-1440 order ‘jtii)niaany to step in between two, pow erful Companies
alto Peihatt:, it inay endeavour to defeat their line from. L,.in-
i7B t nit
and Liskeard.—(Hear.) I say it is ini-
4ea bv°ll,selieve that such a proposition will be enter-
fort.ehoide ornament. It may naturally be asked by the
ta—led 01:1 by the d'r ctors had not been in-
41y,
t.,1 this before? 'lo that question I would
ties
at it Dilly wl'in the last fortnight,
ratnieB titiaattwtemr.ted. to ope‘t a ne.:oti -tion with
.these corn•
It, the me e. became aware of their cet, rmination to con-
tiso‘esy with as. On remonstrating with them on the
con-
they rappp they had shown with regard to their project,
ieteraT'' " e are not bound to make a statement of
kh,,e°B to the public, we are not bound to let all the
ta"l'toors-w. what we propose to do, and, therefore, have
t tleht-e,)%re..t, to the present moment." I think that,
Ds tir 'id be a justification, as far as it. goes,
pars fats Bas adopted a inject which it was impossible for
6JY. ().• ee would be contested by so powerful a Corn-
eet(4tel are aware of the funds which are at our dis-
'he a'nount of the deposits, and you are also aware
;Ziat ltand. "c!iul machinery against which we should have to
,04,1 hat machinery has been so powerfully organised
1a oW ente,,st with us would not cost 5001., whilst it would
14„.°11r hahra"earlY the whole of the deposits you have placed
I therefore ask whether we have not acted
ste",,"l.Justiv and whether we have not adopted the
hO't'otkihtil, in seeVing your advice as to the course which
vitellsrael'ititaarld:fisable to pursue ?—(Hear, hear.) We have
tok.„ seeined._ol your money on an useless project
sah2oing ta" to nave coo chance of success. We have
qded. A ',how for the portion of the money we have
raht,_loinent_ --,5 I have said, we are in a condition to go to '
an l'er 'it You think proper, but we must leave the
sabla t_ Your hands. I think it would be scarcely ex-
tow% that
contest this project, because we are perfectly
tatieivt thtattli"e Companies have declared their intention. 41 Was or acporamodation to the public which this Cora-
tB pot be.Fanised to afford. I believe that if outs scheme
~:itteopiat'eatt Projected it is possible they never would have
oiaLear, t renewing their application to Parliament.
hot the-a 6•) say it is my opinion, that had we not
qtyta4de thehepsto and Forest of Dean Railway, had we it, wow. aemonstrations we
.have, the South Weirs
kr Oita Would not have carried out a scheme in
ha_.elntegait3,, We all know that the
Iv a , for some time past, been amused
N's,h 'Nett whichto pass under the Severn.
te °Weyer, a,
41. ‘ny difnd FDeE?red is
hn practicable that it did ipt
thills)roiaoters ence in our minds as to the opposition which
534,,difficalf,Would be enabled to offer to our line Withto
I,"'S to a- ov: staring us in.th. e face, and the importance o
tMulediate decision as to whether we should go
ved s, eat, and enter into a contest in which we con-
- °cell ..a
311°111d fritter away the funds in our hands,
With he c/Ted to us to endeavour to effect an amalgamation
,ouch Wales Company. We accordingly opened a
l~otetylewith that Company, and have had several
with the directors ; but at length no amalgama-
takolo,roetff,e.cted.
nobe.lieve they would have been happy. to
;int fouhd",,vas in their power, for after investigation
full we sepmainatetid,:zs
a: ht, 0,0 tee had a tithe of the shares necessary to
ithietrefore, after two or three useless meet-
I. deter
"ped our attc attention g"cl
feeling on both sides, and with
r_zor_aitinthw to carry out our project. We then
rheigchard to
woulsewhere, in order to obtain an amal-
Place you in an equally good post-
emrai
dt sci
I,7aY hot very dist
:otYour interests, and with a com-
from the scene of our contem-
We entered into communication with
Lettev project well known. to you as to us.
too ag._.ne
oeola_e thsputeasthecredibl'it-a of that under-
10,ileetea with hill question the respectability of the parties
*IT who • alai the large number of influential per-
ich • give it their support. I believe the line is one
viplteorialh . :011 meet with the approbation of Parliament . They qh condition to give us shares in the 'Zia,that ruand itself, but they offered us shares
ame`al %ea eOnsider the more valuable portion of their
t(;',We enteredn In the West Midland and Hereford Junction,
kyciat into an arrangement, on which it is for you
x°,,Y arid
n._-!ne terms of amalgamation betw,!en this Corn-
titettes
euurselves were the we should each pay our
tat 'll4 ta the present time, and, that they should give
shoal, remaini.ti the Welsh ilEdland Extension for
Itt" wo -"lng portion of our capital—that we
ktiv into Parliament together, and with our
tik t,,iltag'tswi.el organised. No doubt we should obtain great
art havins, their aid in a Parliamentary combat;
14tio Rare
to go'into Parliament separately, I have no
pf IQ s, •
lo •Yllig that a great portion of our funds would
litaielir act• It is not proposed to diminish the amount
kti after the payment of the expenses which,
are ich circumstances, you would have to pay,
hna.et, bo would amount to one-fifth share. They
taytl!tss hfii‘:''N'er, to give us four shares for every five
lot utir t,t" ; they only ask, pari passe, that each should
tale asp the time of going to Parliament.
aphis to Ue"nsider whether their shares are not of equal
jisti barewn. This is the second proposition of the three
t f,91 e, to submit to you for the settlenient of our affairs.
litiorsstos, directors, conscientiously fulfilled our duties at
I,,thottLiale• There is, we believe, no spot to be found
ore ';"'""em.dings which we submit to your most search-
Prot‘l YoliA,ll";„,'''e are ready to lay our whole course ofconduct,
tic,titoo'"o that you may please yourselves as to the third
Ilab;
„Ithich is open to the shareholders, namely,
thin"‘'ti• ttio tVile scheme and then returning your money,
tpo,▪ uat ,exPenses already incurred. Gentlemen, I
iot , opthettit,,- ea.eservations are required on this point. We
• one ear any party who maybe disposed to address
bIS tt.
et a.,1_01 those propositions, and we only trust that
n'tt net
)itv Ut said will bep in good temper. We trust also
tit;thilet:ttrollire.ctors have endeavoured to deserve your
ori;l'ititt,aY Will be honoured with it to the end.
wished to know if the directors possessed any
tt4iNtia,t3trily,,,f4sto the position and prospects of the other 1
,anom they proposed to amalgamate ? If 117_
• a„, cads lit'Lg.t, the Welsh Midland was not the Compai
CBitl ‘•;lt ttgotlating with
Itteknlc,./t." explained that the Gloucester and Here-
svanvetigilt„,"4°, with which they proposed to unite, was
,„I'llt‘,ll off:11045 into Parliament asap independent scheme)
a,--,aet from the trunk line.
'Ole,potlierthe 1-60“)11 could not state what the available capital
• 141°. h rnPan was, but this he knew, that they had
ttile prYovisiOnsof the
.standing orders.
oau",osiee,avin ipit,..ollght, that the directors had shown a cul-
ej' In entering into the proposed arrangement,
ascertained the real standing of the
'l.ltlo ate% Dot e•
-„'"ould, therefore, propose," That the meeting
oirlatioo.; Judicious or expedient to consent to the
kale
tsal "ter) a
Otk, ed the proposition.
th:qh,a, Words from Mr. SANDERS, in support of the
1441. k lttlioL,
*tb,-,?titAt asked what the expenses already incurred
4in et ‘sjilie,.,.'sa arid what proportion of the deposit would
111.retiltAtax•Larned?
1 to 30854 t---From 13,000/. to 14,000/. of expenses are
l rho ore Per Abe. shareholders will probably receive from
'tin,rtAlpTl' have it —(Laughter.)
ebs_theri,l`;!„B_aid he. had only now to submit the reso-
• 4,l?any' c(rg•
th tolin, Was in "e would observe that he knew that no
'h111,141,
~a better position than they were to go to
a at West' “icY were not in a position to contend wtriths
fir, Sr 13' hh(411,,• lie would, therefore, propose that this
sec diSSOlVed.
itfr AVNt c(nicled the resolution.
hi oiled said he
4,11 it theih was of opinion that some time. should_
-"Oe t w 43 decide as to the merits of the line with
odesl74he st'solielto.sed they should amalgamate, before they
attato on
of dissolving the Company.
toilaat 4,Lobnelt.,s,,aid he thought, when there was so large
oat nave a urth.to be made from the deposits, they
"INheest the
.).nomtnittee to investigate the accounts, and
ei,The „to `alt au,swectors had done their duty ; not that he
41114`lL‘/R,i,"_Y -aspersion on those gentlemen.
The nc, difiLlaesenplamratttelcte. resolutiou that the Company
(-1, which was unanimously agreed to.

Tilt
iii,A:4ll,,l,,,,ritiClatrriAt
_D_IA:NS-P—F :TH—E CITY OF LONDON UNIONi
the !l'inen, trir!br.otlier it to move at the nextCouff
it,,
for of of to, jt the Court do memorialise" the guardians o
iitc;' .or the .ioon Union to provide an asylum within the
or No fr,.
._r!ception of the destitute and houseless. poor, who
thr!'t forluei.alY malting application at the office in Canno.i)iy-
t Eke 't
relief The alderman expects to be supported I
4"tt,,k,.1,rN, a'r,ajority q the aldermen, a
igo a, his determination to use every effort to acc
ild the Lord Mayor,
‘.ohma..s
,„; Iviti,„„eirable an object, having had many
'N.tti -ig the bad effect of sending the poor helplessopportunities
c'l'or 1."
11P0a a trarup of four miles to Peckham Asylum,
A ''llieli tl -
• , jai le city magistrates have no control whatever.
~14, tliq ,4all.n,ad O'Di'a, residing on the lands of Cregg,
k'Pet Jr,- 4,11 of Cool
~
fri,.. hand . . rneen, near Bally.nacallv, a few days
t of religious enthusiasm, nailed ho'th his feet and
~.ikki'-n to the Posts of his bedstead, imitating the era-
-41 t1a,".,1)f OUr SayioPur. He previeusly barricaded the door,
I;ray ii,'"tlee of his family who were obliged to force their
titc444;6',,., When they found thwe'poor man in a state of exhaus-
, "44r141glelkii.