The Sun.
London, England, 1846-06-02 00:00:00

JUNE 2, 1846.

be declared until the concern was in a more
satisfactory state. He thought the com-
pany could not be in better hands than those
of the directors, and he would only suggest that less
should be expended in attempting to draw traffic on the
line, but by carrying the line to Llanidloes, where they
sould form a terminus, and the line might possibly be
made to pay.
Sir ROBERT PRICE and another shareholder stated
that there had been such a proposition as this some years
ago, but it had been overruled by six to one, and he was
afraid it would not be wise to reopen the question.
thi
sand e
d been
on lesst
the
line,
thann e. a
thanksl. m o n
were any
v othero tvoted
line.t to
h
i to
To a Shareholder the CUAIRMAN stated, that the title
to the line was perfectly sound, and that the last charges
Mr. Bice replied, the motion was then put and lost.
After a few words from the CHAIRMAN, intimating
that there was a probability of iron furnaces being estab-
mc meeting separated.and the

Rthe dirt
DAlsßpeEciaCl TgeneNraOl
mßeeTtinigiEofN AtorlsW
Ld AshYare..
holders of this Company was held at two o'calnock
yes-
terday, at the London Tavern, for the purposo
compl3ing with the sessional orders of both Ho-uses of
Parliament, and for the purpose of confirming, or other-
wise, the amalgamation of the Company with the Lon-
don and York. S. J. Capper, Esq , occupied the chair.
The SECRETARY (Mr. Clarke) having read the ad-
vertisement convening the meeting,
The CHAIRMAN proceeded to call their attention to
the objects for which they had been called together. He
said it was requisite that 56,000 shares should be repre-
sented at the meeting, two-fifths of which, or between
35,000 and 36,000 were competent to empower them
to proceed with the Bill. Such, however, was
the confidence reposed in the Directors, that
instead of 56,000 shares being represented, the
Directors had had 100,000 shares placed in their own
hands, so that they might vote in,favetir of proceeding
with the Bill without asking any of dm' present to do
so.—(Cheers.) After adverting to the confidence placed
in the directors of the London and York by the share-
holders of that Company, who placed in their
hands 70,000 shares for the purpose of proceeding
with the Bill, and to the high standing of the Chairman
in the City of London, he said he felt highly gratified at
the great confidence placed in the directors of the Direct
Northern—because they represented and were em-
powered to decide on behalf of persons holding shares
to the amount of two millions and a half. 02

A proposition empowering the directors to proceed
with the Bill was then agreed to without one dissentient.
The CHAIRMAN then drew the attention of the meet
ing to the amalgamation with the London and York, the
promoters of which had obtained the third reading of
their Bill before the Direct Northern had succeeded in
passing the Standing Orders' Committee. It was not
until February that the House of Lords determined to
proceed with railway Bills before entered upon by the
House of Commons ; but as they gave priority to Irish
Bills, it was not until April that they could go be-
fore the Standin,:, Orders committee, and when they did
go before them they succeeded in passing through the
Committee mo§tr triumphantly, as there was not a blot in
their Bill. But even after they had passed the Standing
Orders' Committee they were compelled to wait until the
London and York and the Eastern Counties Extensions
were grouped before they could go before a Committee of
the liou,,e of Lords. That Committee was not ap-
pointed until the beginning of May, when four months
of the session had passed away. They had, as
they were aware, been negotiating with the London
and York Company, who had had the start of them
for a length of time, but it was not until very recently
that they were enabled to effect an amalgamation with
that company suitable to the shareholders of the Direct
Northern.

The SOLICITOR read the heads of the Bill comprising
both the schemes. The estimated cost of constructing
the line to York was 5,400,0001., and the capital
5,600,000/, in 224,000 shares of 251. each; calls, 2/. 10s.
per share, two months at least to elapse between each
call. The united board of direction was to consist of
eighteen London and York and twelve Direct Northern
directors.

Mr. CAMERON inquired the amount of the ex-
penses incurred by the two companies up to that time?
The CHAIRMAN said the expenses incurred by the
Direct Northern, up to that time, amounted to 16,0001.
Mr. BIRD (a director), said they had nothing what-
ever to do with the expenses incurred by the London
and York.

Mr. CAMERON said he understood the expenses of the
London and York were much greater, a portion of which,
he understood, the Direct Northern would hare to pay.
The CHAIRMAN said, of course the expenses of the
London and York were greater, as they had nearly
passed through Parliament, whereas the Direct Northern
had not. Of course, under the new circumstances of the
two Companies, they must help them to pay their ex-
penses.
Mr. CAMERON said he understood the Direct Northern
shareholders would lose a share out of every three they
held, in consequence of the amalgamation with the Lon-
don and York.

The CHAIRMAN said it was true that they would only
have two shares fur every three they now held, in order
to equalise the shares of both the companies by bring-
ing them to 251. each. The London and York, there-
fore, would lose considerably more than the Direct
Northern, as their shares were 501., and as they had
consented to reduce them to 251. Their sacrifice had
been the greatest.

Mr. CAMERON said it appeared to him that the share•
holders would derive more by the breaking up of the
Company than by an amalgamation, as the London and
York shares were at 301. per cent. discount.
A VOICE—How long will they remain so?
Mr. RICHARDSON considered that the directors had

made the best bargain in their power. He was at a loss,
however, to understand why only twelve of the Direct
Northern directors should sit at the united board.

The CUAIRMAIN—This was arranged according to the
amount of capital of both companies. The directors
besides considered that they ought to give way in that
which effected them, and not the shareholders.—(Hear.)
The amalgamation was then assented to unanimously.
Another resolution was then submitted to the meet-

ing, approving of the clauses of the Bill, without preju-
dice, however, to the power of the directors " to alter,
vary, or put an end to the same; or to set up, promote,
and continue the undertaking of this company, either by
amalgamation with the London and York, or as an inde-
pendent scheme." This was, of course, a precautionary
measure, only to be adopted in the event of some
emergency.
The CHAIRMAN said he believed that in a very few
days the Bill would pass through the Committee of the
Lords, and that in a very short time it would become
law.—(Cheers.)
A vote of thanks having been passed to the chairman
and directors, the meeting adjourned.

DEATH OF THOMAS BUNEURY, ESQ., M.Y.--We
have to record the demise of . Mr. Bunbury, M.P. for the
county of Carlow, who expired on the 28th of May, at his
temporary residence in the neighbourhood of the metropolis.
The deceased, who was 71 years of age, was returned at the
last election in 1841, on Tory principles, after a sharp
struggle with Mr. Daniel O'Connell, jun., and Mr. Yates, of
Lancashire.
SUDDEN DEATH OF MR. ALDERMAN PEASE.—We
have this week to record the death of Thomas Benson Pease,
Esq., one of the aldermen of this borough, the senior partner
in the eminent firm of Pease, Heaton, and Co., staff-mer-
chants, Park-lane, and uncle to Mr. W. Aldam, Jen., olte of
our representatives in Parliament. The awful event occurred
suddenly and unexpectedly ; for though Mr. Pease had at-
tained the ago of sixty-three, he appeared, up to the last
moment that he was seen alive, to be in a good state of health.
We understand that he attended a meeting of one of the
committees of the Town Council, and subsequently dined
with his son-in-law, Mr. Ford, solicitor, in Park-place,
on Saturday afternoon, after which he went home
to his own house at Chapeltown, and retired to bed
about ten o'clock at night, apparently as well as usual.
On the following
morning, one of his servants, at twenty
minutes past seven o'clock, Rent into his room, as was his
custom, to take him some water for shaving. Mr. Pease
it seems. was in the habit, when his servant went into
the room, of asking what kind of a morning it was, or what
time it was; but not making either of these inquiries on
Sunday, the servant, as he was about to leave the room,
said—" It's twenty minutes past seven, sir." Receiving no
reply to this, he repeated the same words twice more in a
louder tone than the first time. Still getting no reply, he
wasaawnscdno
nlfinding
surgeon,
regn alarmedthat
n ,o
fhi
Chapeltown,
et:ahrei.de dnoidf
wasnthoet
hthmaepasiosrwt
breathe,w
householdenwent
u p
tto the
dthantehdba
immediately sent for, and As
was promptly in attendance.
soon as he arrived he pronounced Mr. Pease to be dead, and
said that he had probably been so for about four hours. The
bedclothes were not ruffled nor displaced in the least, and
there is no doubt that the change from life to death took
place without the slightest struggle.—Leedantelkgesseer.
DREADFUL SHIPWRECK—LOSS OP the_By
Cambria steamer, which arrived in the Mersey on Thursday
toy
afternoon, intelligence of a distressing nature
hand, announcing the appalling shipwreck of the KaLscrona
115 liv in
a Swedish Indiaman, and loss of no fewer than ea,
a dreadful storm off the coast of Matanzas. From all we
hove been able to collect, she appears to have been one of
the largest class in the Swedish mercantile service. In all
there were 133 persons on board. The last port she touched
Havannah, where she shipped a valuable cargo. On
at was
ber departure
the intention of the commander was to pro-
ceed direct to Sweden. On the morning of the let of May,
when the ship was ahead of the coast of Mantanza,
she encountered one of the fiercest hurricanes ever ex-
perienced in that quarter, during the height of which she
capsized and instantly sunk, carrying with her 115 persons
—every soul of whom were lost. Seventeen of the crew
managed to lay hold of one of the ship's cutters, which, as
the vessel went down, floated over the deck and saved them.
They endured the greatest privation, being without pro-
visions and water for several days. They were picked up on
the sixth day after the deplorable occurrence, in lat. 25,
long. 80. In the course of the same storm, or, as it has been
termed tonardo, no fewer than thirteen vessels were driven
. ashore on the coast at Cape Cause. Many lives were lost.
Amongst the ships wrecked were the Princess Alice Maude,
of London, and the St. Martin, from Liverpool. Both were
insured to a large amount.
SALZBURG, MAY 23.—Her Majesty the Empress of Russia
accompanied by the Grand Duchess of Olga and the Crown
Prince of Wurtemburg, arrived here yesterday afternoon, at
four o'clock, where a brilliant circle had been for two days
expecting their arrival ; this circle will break up by to-
morrow, and the Empress will proceed on her journey.
HONOURS FOR THE PRESS.—M. Emile de Girardin,
the principal editor of La Presse, has received from the Sultan
Abdul Medjid, the decoration of the Nichan Yftihar.

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J UN 1846.
E PRICE SD.
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declared until the concern was in a more '
Mr. H. lIINDE said the reason which had been urged be
would thought the e
that
In-
ld not be in better hands than those
FANCY CAL ED ON IN.A.v
AYN EC3(f.jry.
with as great propriety against the London and York, pany could against the present line by Mr. Allan might be urged satisfactory state. He
and he on y sugges less
the sessional because no coach at present ran direct along the route of the directors, .
& meetiinggficeif
Icthiteh
sethrieP of the line to York, the great proportion of the passe:- should Thatched House tavern,
• the line to Llanidloes, where they
4,,rday, at the That .
.gars preferring the circuitous route by railway. There line, but by carrying
the sane-•
htpossibly
the line might be
' ^ ourpose of receivingwas a case
meet the objection of the Hon. Proprietor—it was that
with which he was acquainted that would sould form a terminus, and
be-^ntion of the schememaduledtobepaeyx.pended in attempting to draw traffic on the
gentle-
it( p., line was constructed for several years there was not a that there had been such a proposition as this some years
of the Newcastle and Carlisle Railway. Before that Sir ROBERT PRICE and another shareholder stated
hporlodveirssiainnsStlhoiOfs CNomitpanAy.iwLa-s
single coach between the places, yet now the line was ago, but it had been overruled by six to one, and he was
--", six per cent.—( [fear, hear.) afraid it would not be wise to reopen the question.
-* NT thought if they proceeded they would. To a Shareholder the CHAIRMAN stated, that the title
~- get traffic, not proceeding upon to the line was perfectly sound, and that the last charges
• ',resent existed. had been less than almost on any other line.
- the -
.. not so, as it was Mr. Bice replied, the motion was then put and lost.
'l
-e Ayrshire After a few words from the CHAIRMAN, intimating
--t at that there was a probability of iron furnaces being estab-
i ,
i hed on the line, thanks were voted to him, and the
generated.
wIIR RN
_RAILWAY.
--etors and share•
'-',ek yes-
-5.
until n
the flames. be..._
the greater portion of _
deep, were gutted, and the se.
lodgers consumed. The origin of the ~_
be accounted for. Two escapes of the Royal k.,..
the Protection of Life from Fire were early in arrivie„,
but the fire had obtained too strong a hold for them tei
be of any assistance.

• TIIE ARMY.
ROYAL ARTILLERY WooLWlcEL—Captains W. F.
Williams, C. 11. de Ros, Collingwood Dixon, and the
Hon. I. C. H. Spencer, have been promoted to the rank
of majors, in consideration of their services in Syria.
By order of the Master-General the following officers
have been posted to the undermentioned companies:
they are all second lieutenants who have recently joined
from the Royal Military Academy:—E. C. R. Dyneley
m
t.OO Captain T.
;r.IIC.
B.
.lobes company,
rthiliipsto Captain
nd
wbra.ttHal.ion, Bth
Bent's
company, Ist battalion, 4th company; J. Godby to Major
G. T. Rowland's company, 9th battalion, 4th company;
D. G. Green to Captain H. Stow's company, 6th battalion,
7th company; P. F. Miller to Captain P. Penn's com-
pany, 3d battalion, 4th company; W. W. Barry to Major
W. C. Anderion's company, Ist battalion, 2d company;
J. 'l'. Orme to Brigade-Major Cuppage's company, 9th
battalion, 7th company; G. 11. Colombo to Captain
It. J. Dacre's company, sth battalion, 2d company ; G.
W. D. Hay to Captain J. Low's company, 7th battalion,
2d company ; T. 11. Harding to Captain W. H. Picker-
ing's company, 3d battalion, Ist company ; P. D. Mar-
gesson to Captain C. H. Barnaby's company, 7th batta-
lion, 3d company ; J. F. D'Arley Street to Major W.
Furneauso's company, 2d battalion, 51h company ; and.
A. M. Calvert to Major R. Palmer's company, 9th bat-
talion, sth company.
ROYAL E
J. P. lsnNotaCinels:E winitla.les .
b.—e llttiiss appointedal
sexpectedo e
Axpsescitsthteaad ntLieutenant
Major
ro
Fortifications in the Royal Military Academy, vice Cap-
tain Lynn will succeed Captain J. St. V. Whitmore as Ad-
jutant at Chatham, and that Captain Whitmore will be
stationed at Sheerness.

The office of Commanding Royal Engineer at Wool-
wich, vacant by the retirement of Lieutenant-Colonel
Barney, will be held by Brigade-Major Sandhani until
the arrival of Sir George Gipps, late Governor of New
South Wales, which will not be until late in July. Cap-
tain J. F. A. Symonds has been promoted to the rank of
Brevet-Major.

THE FOREIGN MAILS.
POST-OFFICE NOTICE.
The following notice relative to the departure and ar-
rival of the foreign mails was on Saturday affixed at
the chief office, St. Martin's•le-Grand :
" THE INDIA, &C., MAILS, Via SOUTIIAMPTON.—The
next mail fur Gibraltar, Malta, Greece, the lonian
hands, Egypt, India, China, &c.,vid Southampton, wilt
be dispatched from hence on the morning of the 3d of
June (Wednesday).
" The Tagus will convey the Gibraltar, &c., mails as
above.
" INDIA, &c. (OVERLAND) MAILS, Via MARSEILLES.--
The next mails for the Mediterranean, Egypt, India, and
China, via Marseilles, will be dispatched from hence on
the morning of the Bth of June.
" THE PENINSULAR MAILS.—The Madrid arrived on
the 26th instant ; the Pacha due on June 7.
" WEST INDIES, &c., MAILS.—The next mails for the
British Colonies in the West Indies (except Honduras
and Bermuda), the Foreign Colonies (except Havannah),
Mexico, Venezuela, and Madeira, will be dispatched
from hence on the morning of the 2d of June (to-
morrow).
" The Severn will convey the above mails from South-
ampton. The next mails due on the 7th of June by the
Teviot.
" SYDNEY (NEW SOUTH WALES).-The next mails
for Sydney, New South Wales, will be dispatched from
hence on the evening of the Ist of June (this evening).
" The Trafalgar, with the above mails, will sail from
Gravesend.
" MADEIRA, BRAZILS, AND BUENOS AYRES.—Th•
next mails will be dispatched from hence on the evening
of the 2d of June (to-morrow).
" Her Majesty's brig Seagull, with the above mails of
the 2d of June, will sail from Falmouth.
" (From August to January inclusive, the packet
touches at Pernambuco on her outward passage to Rio
Janeiro, and the other six months on her homeward.)
Her Majesty's brig Penguin arrived on the 29th of May
" AMERICA, &c.—The next mails for British North
America, Bermuda, and United States, will be dis-
patched from hence on the evening of the 3d of June
(Wednesday).

ELEGANT PRESENT.
. .
= * ',row ready, price 215., handsomely bound,
F 17_11E BOOK OF COSTUME;
1
. OR, ANNALS OF
ra FASHION
BETWEEN IN ALL COUNTRIES.
• WI
. TWO AND TUBE HUNDRED ILLUSTRATIONS.
Orders received by all Booksellers.
Henry Colburn, Publisher, 13, Great 31arlborough-street.

TUE NEW NOVEL.
-}SIRS. GORE'S NEW NOVEL;
TILE DEBUTANTE, or, THE LONDON SEASON.
Is published this day, and may be had at all the Libraries.
In 3 vols., post Bvo.
Richard Bentley, New Burlington-street.