The Sun.
London, England, 1851-02-04 00:00:00

THE ANGLO•CALIFORNIAN GOLD MIN-
ING COMPANY.

A meeting of the shareholders of the above com-
pany took place at the Corn Exchange, Lincoln, on
Thursday evening last, M. Redman, in the
chair, at which one of the directors attended to ex-
plain the position of the company, and Cap tain Sir
Henry Vere Huntley to give a detailed actlount of
its prospects in California, whence he has le tely ar-
rived. There were present, besides shareholde rs, seve-
ral residents of high respectability, who seem ed much
interested in the proceedings.
GEORGE C. COTTRELL, Esq., of Lincoln's inn, and
one of the directors, rose to address the meeting.
He explained that the present meeting had been
called together in consequence of the nu ntber of
shareholders the company had in Linear., that
they might hear what was the present position
and prospects of the company. Ilia dal- Was
chiefly to state how matters stood in England, as
Sir Henry Huntley would enlarge upon its condition
in California ; and he thought these two thing• would
comprise all that the shareholders present woul.i rea-
sonably expect to be made acquainted with. The ob-
ject et establishing this company was to engage in
mining operations, for obtaining gold in California;
and when this company was established any process
of the kind wai utterly unknown. Since that time,
however, one company had sprung into existence and
was now in active operation ; of this they would hear
from Sir H. Huntley. For the benefit of the share-
holders he might state that the directors had endea-
voured to conduct the affairs of the company with
the most rigid economy.—(Cheers.) He (Mr. Cot-
trell) was only connected with it from June last, since
which time he had attended every meeting of the
board, andcould safely assert that the most economical
principles of action had not only been laid down, but
strictly observed.—(Hear, hear.) They had now
the opportunity of carrying on one, two, or three
different enterprises in California; first, by pur-
chasing an interest in the Mariposa Mine ; secondly,
by purchasing the Agua Fria Mine ; and thirdly, by
taking a lease of a spot of land which had been per-
sonally inspected by Sir Henry, and found to contain
gold quartz in sufficient quantity to justify its being
aelected for the plan ultimately to be carried out.
The company had the means of accomplishing two of
these plans ; but if an interest was to be purchased
in the Mariposa Mine it was of great importance that
the company should have more capital than it at
present possessed, in order fully and effectually to do
justice to the opportunity offered to them, as
well as to the operations of Sir Henry Huntley,
who had been selected to carry that or any other
plan into effect. His (Mr. Cottrell's) object in
addressing them was to induce them to increase
the number of their shares. He wished the
meeting to understand that any individual subscribing
for shares in this company would not be liable for a
single penny beyond the amount he might subscribe
towards the capital of the company. The company's
deed of registration was now in the hands of the Re-
gistrar- General of Joint-stock Companies, and in the
deed it was provided that each shareholder should not
be liable beyond the amount of capital for which he
had absolutely subscribed. There was neither debt
nor liability upon the company beyond those incurred
day by day for office expenses, clerks, &c., and there
was a considerable sum of money in hand to meet
the exigencies of the company. Their prospects in
California were such, that if the means were extended
to them of carrying out the undertaking it must be
crowned with success. It was, in fact, not a question
of speculation but of certainty. After paying all
working expenses they would have 100 per cent.
interest.—(Cheers.)
Sir H. HuNmar addressed the meeting at some
length upon points which are embraced in that gen-
tleman's report made to the provisional directors on
his return from California in November last.
Mr. W. PECK, bookseller, proposed the following
resolution, which was seconded by Mr. BRUMBY,
printer :
" That this meeting, having with undivided satisfac-
tion taken into consideration the various proposals made
to Sir Henry Vere Huntley during his temporary visit
in California, is of opinion that the advantages to be de-
rived from the " Agua Fria Mine" cannot fail to afferd,
and within a few months of the present time, a very con-
siderable return of capital to the company; and that Sir
Henry, through the medium of the directors, be em-

powered to pu-rehase the said mine for the benefit of the

;bareholderi."

Mr. IlEca, fishmonger, proposed the next resolu-
tion, which was seconded by Captain PIGOTT :
" That the thanks of this meeting are due, and are
hereby given, to Sir Henry Vero Huntley, for the able
and interesting exposition with which he has this even-
ing favoured the shareholders of the Anglo-Californian
Gold Mining Company, in reference to their present
position; and for the very arduous and unremitting
exertions which he has used fur the interest of the said
company."

Mr. GEORGE GRESHAM, the agent of the company,
at Lincoln, seconded by Mr. BEECH, schoolmaster,
proposed the next resolution:—

- "That this meeting desires the directors, through the
medium of Sir H. Huntley, to secure on lease the plot of
land marked out by Sir Henry on the land belonging to
Colonel Fremont."

The various resolutions were put by the chairman
and carried unanimously.
The CHAIRMAN said the meeting would feel gra-
tified at bearing from Sir Henry a description of the
social condition of California.—(Cheers.)
Sir HENRY HUNTLEY again rose and said that he
would endeavour to comply with a request which had
so strongly received the approbation of the meeting.
Before the meeting separated, a vote of thanks
was passed to the chairman for his conduct in the
chair.