The Sun.
London, England, 1856-11-25 00:00:00

RAILWAY INTELLIGENCE.

:EASTERN COUNTIES.
The followi ig appeared in our late edition of last
night :
A special general meeting of the shareholders in the
Eastern Counties Railway was held yesterday, at the
London Tavern, 81-4hopsgate-street for the purpose of
electing a gentleman to fill the vacanoy at the board of
direction occasioned by the election of Mr. Walters to
the office of chairman, in consequence of the resignation
of Mr. Waddington and his retirement from the active
direction of the affairs of the company.
Tnere was a very large attendance of shareholders of
the company present.
The chair was taken by Mr. Walters, the new chair-
man of the Board of Directors, who, in opening the pro-
ceedings, briefly stated the objects for which they were
assem-led, namely, the electing of a gentleman to fil
the office of director, occasioned by the retirement of Mr.
Waddington. He trusted that the meeting would give
a fair and quiet hearing to each gentleman, and after
again urging the necessity of conducting the business of
the day in a fair and proper manner, and with these few
observations he should call upon the meeting to com-
mence the business of the day.
There were six candidates for the seat at the board,
viz., Mr. Malins, Mr. Orr, Mr. Morrison, Mr. blamer,
Mr. Welsh, and Mr. Love.
On the name of the first gentleman being proposed,

Mr. VANCE rose and addressed the meeting at great
length relative to the management of the,cornpaay_ for
some years past. He characterised the actions of seve-
ral directors as highly improper, and mentioned parti-
cularly Messrs. Anderson, Patterson, and Fane. He
concluded by submitting a motion for the adoption of
the meeting, calling upon the whole of the directors to
retire iu a body, or else to allow time to the three gen-
tlemea he had named, whose conduct had been viewed
with great displeasure by the majority of the sharehol.
ders, to retire.
The CRAIRMAN said he could not put the resolution to
the, meeting for its adoption. It was open to the hon.
shareholder to move the adjournment of the meeting,
but the resolution he had" submitted was clearly out of
order. _ .

A long discussion ensued on the point as to whether
the act of Parliament did not prevent the chairman
putting the res ilution by the tact of the directors
having been elected for three years.
Mr. NORRIS, in the midst of the discussion, said that
in order that the proceedings might be gone thi (igh
regularly and properly, he should propose the name of
Mr. I ratio Love to fill the vacancy at the board.
The discussion upon the resolution of Mr Vance was
again resumed.
Mr. MILLS sa'd the act of Parliament did not grant
that the directors should be elected for three years.
(Hear, hear.) It merely stated that the directors shou!cl
retire by rotation every three years.
A SHAREHOLDER moved that the present meeting be
adjourned for a fortnight.
. The motion having been submitted to the meeting,
was negatived by a large tnaj
Mr. NORRIS then, at some length, referred to the
services that Mr. Horatio Love had rendered the com-
pany, and the exertions he had made in the late com-
mittee of investigation to place the affairs of the com-
pany in a healthy and prosperous position. He thought
that Mr. Matins would consult the interest of the
Eastern Counties Railway if he retired in favour of
Mr. Love. This was the first time the shareholders had
had it in their power to reward the exertions of Mr.
Love for his inestimable services to the committee he
had before referred to. He had the pleasure of an intimate
acquaintance with Mr. Love, and from his personal
knowledge of that gentleman he could assure them that
a better man it was not possible to find, and if Mr. Love
was elected he was sure that all his efforts would be
directed to the keeping his own honour unsullied, and
the furthering of the interests of the com-
pany. What the mee'‘ing wanted was the Eastern
Counties Railway for the Eastern Counties shareholders,
and one of the first steps to the attainment of that object
would be the election of Mr. Love. If the meeting
wiAtod for font new directors, then Mr. Love would be
the best quarter. In addition to the other qualifications
of Mr. Love, he was an accountant of the greatest abi-
lity, and the eulogiutns that had been posed upon his
conduct at the unmasking of the great Hudson and hurl-
ing him from his tinsel throne ought to be a great in-
ducement to the shareholders to decide in favour of Mr.
Love. He had no doubt that Mr. Matins might be able
to do some good if elected ; but the vacancy, to fill which
they had met that day, ought to be filled up by the ap-
pointment of Mr. Love. (Cheers.)
A SHAREHOLDER said he had great pleasure in second-
ing the nomination of Mr. Love. He thought the share-
ho'ders owed a debt of gratitude to Mr. Love, and they
ought to repay it by electing him to the vacant seat.
Mr. LOVE begged to put a question to Mr. Malins.
He wished to know, in the event of Mr. Matins being
elected a director of this company, whether he intended
to retain the chairmanship of the Railway Reform
Association.
Mr. MALINS declined to answer that question.
Mr. LOVE said that from the circumstance of Mr.
Matins refusing to answer the question, he had • a right
to assume that he intended to retain it. Now, he
wished to know what would be the consequence of the
election of that gentleman. There was quite sufficient
at the board of the Eastern Counties Railway to occupy
the time of any one man.
A SHAREHOLDER said he thought that a person who
was unable to manage his. own affairs was
irtshalo3to notheyres.a likely
to tombe r a.
mu eArLsioNnsfistitdo
imt,,a.nnasgq.euti
ht
quite atrue
he was unable to ?met his own affairs, but it bad been
his constant aim ever since to arrange and settle
them.
Various other speakers addressed the meeting, urging
the election of Mr. Love to the vacant seat.
Mr. MALINS then rose, and entered into an explana-
tion relative to certain share transactions in the Metro-
politan Railway, to the satisfaction of the meeting, and
said that, if elected that day, his best exertions would be
used to place the affairs of the Eastern Counties Rail-
way in a prosperous condition. (Hear, hear.) With
respect to the chairmanship of the Railway Reform
Association, he thought there yet remained some impor-
talat alterations in railway affairs to be effected before he
vacated that office.
Mr. LOVE then addressed the meeting, and said the
shareholders were perfec ly aware of his capabilities, and
if they thought that be could serve them be would be
only too happy to do so. It was his wish, his desire to
serve them ; and if elected to the board his only anxiety
would be how best to promote their interests. (Loud
cheers.)
Mr. AOLAND said the circumstance of two champions
both fighting for railway reform seemed to him to be
occasioned by a mistake on the part of Mr. Malins, who
laboured under the delusion that he was the better man.
(Hear, hear, and laughter.) The person who ought to
be elected to the vacant seat at the board ought to
be a man of experience, judgment, and tact ; but such a
man was not Mr. Malice. (Laughter.) The speaker
went .on to allude to certain transactions in the
Metropolitan Railway in which Mr. Matins was
concerned, ;.and said it became the shareholders
of that company to be sure that they selected the
best man to fill the vacant seat —one who stood
well in the city of London fact, they ought
to choose a man for the office such as they would
select to be their own executor. (Hear.) He repeated
what he had before stated, that if Mr. Malins was
elected it would be by a mistake, and he was prepared
to prove by hundreds of letters that if Mr. Malins
was elected he would be so elected by proxies,
which had been obtained from the shareholders
from being chairman of the Railway Reform ASBO.
elation, and under the belief that they were to be
used for other parties, and not fol. himself. (Uproar.)
The speaker continued his remarks amidst the greatest
confusion, during which he resumed his seat.
After a short discussion relative to the reception of
proxies,
The CHAIRMAN seid,he had nothing to do with the re-
ception of proxies. His duty was simply to take a show
of hands on the question of wbo should be elected to fill
the vacant seat at the direction.
The name of Mr. Matins was then submitted to the
meeting, when 39 hands were held up.
tdu
The name of Mr. Love was then put from the Chair,
to
and nearly the whole of the persons preseut—upwards
of 300--held up their hands.
The Chair's an then, amilst loud cheers, declared that
Mr. Love had been elected to the vacant seat.
A poll was demanded en behalf of Mr. Malins.
The CPIAIRMAN then announced that the poll would
he opened immediately,
ngto-ciy
the
proceedings.
and Wednesday, and on Friday at one o'clock the 4
result of the poll would be officially declared.
Avote of thanks
andh e continue
chairman 3
terminatedduring

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