The Sun.
London, England, 1851-08-28 00:00:00

N°. 18,387.] LONDON,THURSDAY EVENING SUN AUG UST 28,
7

•
WITANNIA. LIFE ASSURANCE
COMPANY.
I, Princestrect, Bank, London.
Empowered by.spechtl Act of Parliament, 4th Viet., cap. 9.
DTEECTOR.3.
CliAllittN— Colonel ROBERT NLEXANDER, Blackheath Park,
Kent.
Esq., 1 t 9, Fenchurch-street.
Georgeßev'ncton, Esq., Neckinger Ntills, Bermondsey.
I'. Cockerill, Esq , Shadwell, and Twickenham.
G--eritte Colen, Esq., Shacklewell-lane.
• . '!:!es Covent-17. Whlt3 Bert-court, Lornbr.re.-street.
Eye_ c,
.., 4, Prine-strc,;:t, Ban::.
Er:l,,niu, Robert. l'ex;i-er, Esq., Cold ll:i.K,ur-laue, Camberwell.
T. S. Girdler, Esq., 7. 'l:okenhou-yard•
11. L. Swale, laq., Doctor:;'-cmninons.

SANKT:ICS.
31-essri. Drew ett, Fowler, an ,1 Fowler, 4, Prince 7. street, Rank.

SOLICITORS.
Messrs. 3PLeod and Stennimr, London-street. Fenehurch-street.
ApvixTAGEs OF Tuts INSTITUTION..
Halt Credit Rates of Premium.
Persons assured according to these rates are allowed credit (with-
out security) for htlf the amount of the first seven annual premiums,
paying interest thereon at the rate of five per cent. per annum, with
-the option of payin,.; out the arrears of premiums, at any time, or
havile: the amount hedueted front the stun assured should the policy
become a claim

For Securing Loans aad Debts.
A Table adapted Ospecially for the securing of Loans and Debts, by
which the fullest security is obtained 'on very low but gradually in-
creasing premiums.
Policies rev ved, without the exaction of a fine, at any time within
twelve months, if health remain unimpaired.
A Board of Directors in attendance daily at Two o'clock.
Age of the Assn, ed in every case admitted in the Policy.
Medical attenlants remunerated in all cases for their reports.
Extract Iron: the Half Credit Rates of Premium.
Annual Premium required for as Assurance of 1001. for the whole
Term of Life.

Age. I Half Premium for Whole Premium after
Seven Years. Seven Years.

..d,
1 1
1 9 2
2 2 6
6 8

A 3. d.
2 3
2 18 4
4 3 0
6 13 4

E. R. FOSTER, Reitdent Director.
ANDREW FRANCIS, Secretary.
Detailed prospectuses, and every requisite information as to the
mode of effecting assurances, may be obtained upon application at
the office, 1, Princes-street, Bank, London; or of the several agents
throughout the country.

MR. RUSKIS'S PAMPHLET ON ART.
Jut published, in Syn., price 2e.,
pRE-RAPHAELITISM
" M,:dern Palaters."
London: Smith, Elder, and Co., 65, Cornhill.

Just published, post Bvo., cloth, price 55.,
riIHE SPIRIT and SCOPE of EDUCATION,
.1_ in PROMOTING the WELL-BEING of SOCIETY.
From the German of the Very Rev. J. A. STAPF, D.D.
PrOfeSier of Moral Theology, &c.
"Mr. Gordon has dono good service in translating so useful
and sensible a book. It is an elaborate and thoughtful work."
Guardian.
C. Dolman, 61, New Bond-street, and 22, Paternoster row, Lon-
don ; Marsh and Beattie, 13, Hanover-street, Edinburgh.

THE TENANT'S PROSPERITY THE LANDLORD'S TRUE
INTEREST.
Vile day is published, price One Shilling,
RICH FAR 'ZING and CO-OPERATION
between LANDLORD and TENANT.
Necessitous Expedients in the present Agricultural Depression.
Ity J. L. MORTON, Land Agent, Edinburgh.
A. and C. Black, Edinburgh. Longman and Co., Londca.

NEW WORK ON STRICTURE AND SPERMATORRIREA.
Just published, Svo., in cloth, price 3s. 6d., by post (free), 48.,
A TREATISE, on th. CURE of S TRICTURE
-3IL of the URETHRA ; containing the True Reasons why that
Disease so often assumes such an intractable character; with Rules
and Instructions for the successful Treatment of every Form of
Urethtal Contraction, based on the results of extensive and pro
longed experience. To which is added, Practical Observations en
the Treatment of Sperrnatorrhcea hy Cauterization.
By F. B. CI lURTENAY,
"These who complain most loudly are those only who know not
hew to use the common instruments. • • • • The prac-
tice of surgeons has been marked with all kinds of violence, and in-
difference about the simple cure of diseases, and a passion for
operations, andl. all t excesses and horror of surgery."—John Bell.
Raheilliere, 219, Regent-street, London.

The GREAT EXHIBITION and the ROYAL POLYTECHNIC
INSTI fUTION.
ill the most interesting Deposits at the Great Exhibition will, In
turn, be lectured on at the
OYA L N 14.; 1 YiSTITIT'ITION
& The present Lectures are on the Cheml.try of the Minerals
at the Great Exhibition, inclaling the precious Gems, Crystalisa-
tions, &c., by.J, 11. Pepper, Esq. , Popular Lecture by Dr 'Rachhoffner
on therecent To'al Eclipse°. the Atm, with splendid Diagrams, show-
ng the appearances which actually occurred'on the line of Totality.
—the Rotation of the Earth, exhibited by Foucault's Experiments.
—The great economy of Cooking by Gas explained.-A Lecture on
the History of the [tarp, by Frederick Chatterton, Esq , with Vocal
Illustrations. —Two Series of splendid Dissolving Views.—Diver and
Living Bell, Sze.
Admission, Is.; Schools, Ilalf-price.
Open daily from Half past Ten to Five, and every Evening from
4even till Half-past Ten.

INJUNCTION to CHEMISTS and PATENT
MEDICINE VENDORS.
MORISON'S UNIVERsAL MEDICINE.
The public are informed that an Injunction to restrain Mr. Crofton'
William Moat, his agents, servants, and workmen, from selling,.or
causing, or procuring to be sold, uncle, the title or designation of
MORI-GN'S UNIVERSAL MEDICINE, or of MORISON'S VE-
GETABLE UNIVERSAL MEDICINE, any Medicine made or ma-
nufactured by him the said Crofton William Moat, or by or under
his order or direction; and also to restrain the said Crofton William.
Moat, his agents, servants, and workmen, from making or com-
pounding any Medicines according to the secret recipe or prescrip-
tion, an 4 fry in any manner using the said secret recipe or pre-
scription of or for compounding the said Medicines, or any pan
thereof, has been granted by Vice-Chancellor Turner, at the suit of
Alexander Morison and John Morison. And any person infringing
the said Injunction will be proceeded against without further notice.
British College of Health, liatnilton•place,
New-road, Loudon, August 20, 1851.

MEDICAL ADVICE '," rcl24 bzultr.l
r (11`73 AND MATTTIIJTV.
With Plain Directions for their Prevention and Curs.
FIFTY cIot,oURET) fiI•TGRAVINAR nx
,T at pubiLineu, in French, English, German, Dutch, Spanish, and
Italian, in a sealed .i.nvelope, 2s. 6d., or post-free, from the
author, for forty-two ;tamps.
QELF•PESERVATION; a
*,..7 Medical Treatise on tha Physiology of Marriage, and on
the Secret Inflrmitiett and Disorders of Youth and Maturity.
usually acquired at an early period of life. which destroy
t se physical and mental powers, diminish and enfeeble the nature'
f r.Hngs, and exhaust the vital energies of Manhoo4 ; with Practical.
0 4.ervations on the certain Prevention and successful Treatment of
N -rvous Debillty, Local and_ Constitutional Weakness, Syphilis,
S ricture, and all Disesae.. and. Derangement. resulting from In4is-
c ~tiara, as adopted by Lallemand, Iticord, and other eminent mem-
",ers of the faculty in France. With Fifty coloured Engravings.
Itnstrating the keatornl- Physiology, and Diseases of the Be-
productive Organs, ixolainlng their straetures, uses, and tlinctiers.
and the various miseries that are produced in them by solitary
habits, excesses. and .nfeetioit.
BY SAMUEL LA'MERT, M.D.,

37, BED FORD•SQUARE,.LOI3'DON.
4octor of Medicine. Matriculated Member at the University of /Min-
•ourgh, honorary Member of the London Hsspltal Medical Society.
Licentiate of Apothecaries' hall, London, Member of the finnterian
Medical Society of Edinburgh, &c., Lc.
and of their relative
This work- contains a plain and complete description of the ans-
WMy and physiology of the reproductive organs,
z.onditions in health and disease, Dr. La'Mert, who has taken the
bighest medical honours, as evidenced the diplomas and testimo-
ila
inserted In the work, is the onlylegally qualified medical man
who has exclusively, and tor many years, devoted his studies to
•he treatment of these complaints. lie may be consulted with ad-
'rantage by all those whose constitutions may have become deblli-
ated through secret practices acquired is youth. or by the excesses
af later years, whereby the pleitsures of life are marred, the objects
if marriage frustrated, and existence Itself rendered a term of un-
nasty* misery and regret.
Publisberi by the 4uthor, and may he bad of J. Gilbert. 49, Pater.
.aoster-row4, Hannay, 63, oxford-street ; Stacie, Titchborne-street.
flaymarket ; Gordon. 146, Leadentiall-s treetC.rnhlll.
who
sr (raw by post for torty.two stam s,
trom the author's residence,
„„rang ills. or by letter. daily,
ht.
from Ten till Two, and from Six till Eig

t. L V ELL'S N IN OUKS.
Tc be had of ShSiinood, 13, Paterlloater-rew Carvalho;
e,,,et-street , Mann, AV, Cornhtll or direct frorc the anther,
p One 01111;ut each ;by post, Is. 6d,
EN,t(twxt,.oY,
Bacrelittirn, and rational Jibe of ,
itiiiilwj-Apritte 'and lunntofr 3terainirs—z
about the Ktiviron. of Londolk7Tlw 'Parks, Lanes,
s:asia, Fields, tin;h-toads, and ',Abel places—Cotuttry
erips and Itanal4les---;The Sea—London at STight,7Eventng. at home
-ainsio—Thel)ratna--00 Eating. Drinking, BiaePinit, Bathing, Air.
B it. k.l44sp, Occupation, &c., &o.
IL
trtA.4.4l44NTte Itlto/4 THE motarrAufs. rot Volt.

Volt
A (~(IT TO THE LAKES; SKETOIi or ZDT.IfILLTRGEL 114,

VOL 11.
".-:111 LAKES OF KII.L.A.R.NtIt • ItY3LINIRJEIgCVS OF
DITBLIV,
WHAT TO FAT, DRINK, .4.liD AVOID
That three score years and ten our course may ruu."
p.pular review of almost every form (cause and cure) of ner-
•:only-debilitated health and enfeebled constitution, that haratses
t , young, besets the man of pleasure, business, or study, and ens-
b 'ten old age, with tables and rules fbr the diet and physical rasa
IsOcro of every-day life.

Iv.
THE PASSIONS.
% What passions hurt the body—what ImprOlra,
Truths as refined as Athens ever heard."
g enoT : pilgrimage, from infancy to old age. The advent
of Lae passions. Chastity and Its infringements. The casualties of
licentiousness and dissipation, with illustrations, graphic, narrative,
and reraediative, Advocacy of early marriages,:

THE MARRIAGE STATE.
" To be or not to be, that is the question.'
Ps xatamal t—Laws and obligations of nature, societY. and re-
-11...0 regarding tnarriage, to be observe& by either sex. Time and
c toles, on both sides, as to age, temperament, complexion, and
d ,ore. to smite healthy °giving, with the art of rearing them.
inkysical defectiveness and ita removal. Sterility and its conversion.
Cases, s. . . .
Ry R. J. CULVERWELL, M.D. (1841), M.R.C.S. (1827), L.B.A.
0514). 1......3tv-AVO. ,2,01.0 VACIICO Awl rorontle Rpore# ir thai,
matters. Reception hours daily till Five.',: Evenings, Seven till
Nine. 10, Argyll-place, Regent-street. 1

RAILWAY SHARE MARKETS.
BRISTOL AUG. 27.
Strom Excrstatrsz.—We have had a very sluggish market
at falling rates. Bristol and Exeter was done at SO4 Great
Western, Original Shares, 77% ex div.—Midland, 4014.
LIVERPOOL, AUG. 27.
SToca EXCHANGE. —The market is better to-day, and a
fair business is doing at improved prices. The transactions
were as follow :—Lancashire and Yorkshire, 4714—London
and North-Western, 117—Ditto, New Quarters, 2% p.
Manchester, Sheffield, and Lincolnshire, 24—Midland, 411,4
South-Eastern and Dover, 2014.
MANCHESTER, Atm. 27.
t3TocK ExcailtWOß.—The market continues dull, and prices
have a downward tendency. The transactions to-day were
-as follow:—Manchester. Sheffield, and Lincolnshire, 23%.--
North British, s%—South-Eastern ar.d Dover, 20.
BIRMINGHAM, Ave. 27.
STOCK EXCHANGE.—The only transaction reported to-day
was Birmingham and Stour Valley, at 10/. It is reported
that the survey of a new line is in prof ess from Walsall
across Cannock Chase to Colwich, to join the North Staf-
fordshire line there. This would open a new and much
shorter line to Manchester from Birmingham.

SCOTT MONUMENT.—STATUE GEORGB HERIOT.
—We understand that a meeting of Old Heritors was held on
Monday, at which it was unanimously resolved to adopt the
Suggestion thrown out by our Lord Provost at the recent
entertainment given to bailie Dick, for having a statue of
George Heriot placed in one of the niches of the Scott
monument, and a committee was appointed to take the ne-
weary steps for accomplishing that object.—Edinburgh
Cl/4,7ant.

RAILWAY INTELLIGENCE

OXFORD, WORCESTER, -& WOLVERHA HE TON.
Yesterday an adjourned special meeting of the
shareholders of the above railway company NVP s held
at the London Tavern, for the purpose of ceniedering
the proposed agreement with the Great Western
Company, and to consider the report of the c,
tee of .shareholders appointed to inquire into the
subject.
The chair was taken by Mr. M. Granbrook, ri3( valor
director, and the report of the committee was ::toad to
the meeting.
Mr. LAWRANCE, .a member of the committee of
shareholders stated that he held in his posses ision
bundle of letters from proprietors, withdr.awing
proxies in favour of the agreement, which he ',lad not
been able to put into the hands of the secret try, and
he hoped that those proxies would not he user's against
the sense of the meeting. He also wished to know
from the secretary what number of proxies bad been
received, properly signed and authenticater:i ?
Mr. SMITH, the secretary, said,the same request
had been made at the board of directors, but it was
there deemed inexpedient that the proxies should be
produced.—(oh, oh! and confusion.) At the sam e
time, if it was the sense of the meeting that he should
produce the number of proxies he was ready to d o
so.—(Hear, hear, and cries of " Produce them al

once.")
Major COURT held that it was time enough to
produce proxies when a poll was demanded.
Mr. Liwwsca thought &statement of the number
of proxies would, greatitaborten i the proceedings, es,
if there were sufficient to carry the propOiltion of the
directors, it would be needless to remain to debate the
matter.
Mr. SMITH said a good many proxies bad been can-
celled, and he believed there were not enough tocupset
what was likely to be the sense of the meeting..
Some rather angry discussion followed, and a.ubse-
quently
Mr. SMITH stated that the number of shares a epre-
sented by proxy on the 15th of July amount ed to
5,055, comprehending 1,424 votes; but a good Inany
of these had since been cancelled, the votes tett 255
shares having been withdrawn.
A SHAREHOLDER said two gentlemen had been
down in the country soliciting proprietors to co me up
and vote for.tbe agreement, promising at the same
time to pay their expenses.—(Hear, hear, and Shame.)
The CHAIRMAN saiditbe directors had asked For no
proxies, and they were quite ignorant of the presetices
to which the Hon. Proprietor had just referred.
A letter from Mr. J. Walker, chairman of the
committee of shareholders, necessarily absent,, was
here read; in which the writer stated that the terms
(at toe Great Western Company appeared like those of
a conqueror to a. conquered enemy, who shoutid be
contented with small mercies—that he agreed
with the substance of the report presented by the
committee, and that his view of the policy they ought
to pursue was to fulfil all the obligations imposed on
them by law, and to make their line suitable for the
narrow gauge, which was likely to be the more im-
portant of tne two, his belief being that the line had
within it the elements of a great trade, whether car-
ried on in connexion with other undertakings or un-
der the superintendence of a committee possessed of
the confidence of the sharehrilders.
_ _ _

A printed document, entitled " Remarks of the
Directors on the Report of the Committee of
Se reholders," was then read, having reference
chiefly to details that would not interest the general
reader.
Mr. LAWRANCE then addressed the meeting in
support of the committee of shareholders. After
referring to the various aspects which he said the
question had esonned in different reports of this direc-
tors, till at length they were told that no alternative
was lett but that of accepting the agreement which
Great' Western Company offered, the Honourable
Proprietor said he would offer a few remarks on the
comparative advantages of the scheme now proposed
and a well considered connexion with the London
and North Western Company. The directors based
the whole of their argument on the assumption that
the arrangement proposed with the Great Western
was equally beneficial with that which could be made
with the London and North-Western. This was a
gross error, for the arrangement with the Great Wes-
tern was neither more nor less than a praeticel
surrender of their property for ever to that company.
After Lord Cranworin's decision, the whole question
bed been fully and deliberately considered, and the
committee were satisfied that they were in a condi-
tion to make an arrangement with the London and
North-Western or any other company, not on the
tooting of a lease. for that it appeared they could not
make, but a traffic arrangement, by which both par-
ties would be benefited without giving up the pro•
perty of the Oxford and Wolverhampton line for
ever.—(Hear, hear.) They were in a condition to
make an arrangement by which liberty would be
given to any other company to pass their traffic over
the narrow guage of their line, leaving all the rights
of the Great Western intact, and at the same time
enabling them to make such terms as they pleased
with regard to the broad guage part of their line.—
(Hear, hear.) The simple effect of the proposed
agreement with the Great Western would be that
they would become mere hewers of wood and drawers
of water to that powerful company. It was not a
lease that was proposed, for that included the idea of
rent ; is was not a sale, for that supposed some
consideration in return ; it was simply a transfer, a
suicidal transfer of their whole property to the
Great Western Company. In the epitome of
the agreement it was stated that in return
for this surrender the Great Western agreed
to pay 35,0001. per annum to liquidate their
debenture interest ; but in the agreement itself it
was only said that titter the Oxford and Wolver-
hampton Company bad formed 94 miles of railway
there described this sum of 35,0001. per annum would
he paid. Could anything be more discrepant than
this ? The meeting would observe that there were
three payments proposed to be made by the Great
Western. The first he ha t just adverted to, viz,
35,0001. to pay the debenture interest ; the second
charge was 47,6001, towards the preferential share-
holders,; the thitd was 60,0001., for working expenses.
Now, to test the Great ‘1 astern Company, the com-
mittee macle'et request that they would consent to an
additional charge of 3 per cent. to be paid to the old
proprietors.—(tlear, beer.) They did nut ask them
positively to grant 3 per cent. to the old proprietors,
but simply to abstain from taking back the working
expenses till the old proprietors should have received
the miserable pay of 3 per cent. This offer, however,
they contunieliously rejected, though the profits
which Must have floe ed to them after paying these
sums could riot but pay them most amply.—(Hear.)
This confirmed the committee in the opinion that
the object of the Great Western in seeking this
lease was not to work the traffic, but to Burk
the line.—(Cneers.) Having had 'their terms re-
jected ,by the Great Western, how were they received
by the narrow gauge interest ? He was not in a con •
dition to state terms, because they could not enter
into any engneement, and therefore he could only lay
before the meeting the outlines of an arrangement
which he believed they would be able to conclude. In
the first place, then, reserving all the Parliamentare
rights of the Great Western Company, reserving to
themselves the right of making the line from Tipton to
Wolverhampton, the narrow gauge interest were will-
ing, for the mere passage across the narrow gauge
portion of the line, to allow' such a sum out of the
gross traffic as would pay the whole interest on their
debenture debt, as would pay interest on the whole of
reat Western Company
their preferential shares, antinname a mailer sum for
wp
proposed
teox pdeon. solthan r
, thhear.)eG
They would have al-
lowed them the working of their own line, they find-
ing the working stock; and, before the sum of
146,0001. was reached, the zero of the Great Western
agreement, they were to have at least two per cent.
on the narrow gauge portion of the line.
A Snammoianza--7For how many years was this
arrangement to be ?
Mr. LIWRANCE—For 21 years. These being the
terms the committee thought it 'their duty to ascer-
tain whether any legal obstruction lay in the way of
an arrangement. They accordingly took the opinion
of some of the most eminent men at the bar as to
whether a traffic arrangement would not be legally
binding. The agreement wait subMitted to the Soli-
citor-General, who gave his opinion that it would be
legal and binding To Sir F. Kelly they submitted
the question whether, under the Railway Clauses
Consolidation Act, there was not power given to make
a traffic arrangement such as he bad now described ;
and his unhesitating opinion was that such a power
existed. The opinion of an eminent conveyancer was
also taken with a similar result. Of the legality of
such en arrangement, therefore, they had no doubt.—
(Fleur, hear.) After some further observations, Mr.
Lawrence concluded by moving as a resolution :
" Thatehe further coria,deration of the proposed lease
of this undertaking be adjourned to the half-yearly meet-
kg to be held tats attetndon."
Mr. BUTT seconded the resolution.
Majer COURT was prepared to prove .that the terms
offered by the Great Western Company were the best
that could be given to the shareholders of the Oxford
and Worcester Company.--(No, no.) He would
refer them to the report of the directors for January
last, which the committee of shareholders themselves
bad approved of as affording the groundwork on which

he proceeded. From what was then stated they were
entitled to estimate that this line would yield 2,0001.
per mile. Taking the line at 93 miles, there would
be a gross amount of 186,000/. They would receive
of this sum 111,6661.; the Great Western Company,
allowing only 40 per cent. for the working of the line,
would receive 111,600/. ; therefore, they would give
to that company 661. more than they theniselves re-
ceived.—(Confusion.) Ile could give other facts to
show that this was tb h2fit bargain that could he mad'a
for the shareholders, but, Fe.iing the impatience of the
meeting, he would not now press them.
A StIAREHOLDER asked' whether or not proxies
were to be used against the sense of the meeting ?
Mr. PARSONS (solicitor of the company) said he
was a large proxy holderithough he had never asked
for one. Toe fact was that the proxies came into his
possession the last day they were due. He did not
know that any proxies had been asked for him, and
when he received them he felt himself in a most dit-
ficult and embarrassed position.—(ol3, oh !) If the
question whether be inteeded to use .these proxies
was pressed upon him at that stage of the proeeedings,
he must say that he would have to consult the parties
who intrusted him with them. His own feeling,
however, was, thatte ought, so far as regarded those
proxies, to exercise the discretion that had been re-
posed in trim.—(Uproar.)
Mr. Sergeant GASELER maintained that their soli-
citor bad no right to bold proxies. He thought that,
as a professional man, he bad placed -himself in a
position of great delicacy.—(Great confusion.)
Another SWIM of great noise and confusion took
.plaoe,) during *Mob Gaselee moved
that Mt. Pareons be dismissed"` ieni the office of-soli--
.citor to the company, but siatateqUently, withdrew it,
with the notice that beAatiglit repeat it on a fiiture
occasion. _ _

Mr. P.moris repeated that he had never asked for
a single proxy, and that be was much pained and
embarrassed when they were put into his possession.
In reply to a question put to him, Mr. Parsons stated
that the proxies were committed to him by the agents
of the Great Western Company.
Sir H. FoSTRIt said Mr. Parsons had cleared him-
self from all imputation in the matter.
Mr. Timm, after stating that he had been present
at a consultation with a number of gentlemen inte-
rested in the company, and that they had come to a
resolution on the subject now before it, moved the
adoption of that resolution as an amendment to the
one proposed by Mr. Lawrence. It was as follows :--
"That the agreement with the Great Western Rail-
way Company, as proposed and submitted to this meet-
ing, be adopted and confirmed, subject to the following
conditions—viz., that there be added thereto, or inserted
therein, a clause or clauses to the effect that if at any
time after the expiration of four years from, the date of
such agreement this company shall notify.
.to the Great
Western Company their readiness to bell the under-
takieg to that company, at the price (over and above all
debts, charges, sod preferential interest and dividends)
of 301. fur each 501. share, or, at the option of the Great
Western Railway Company, an annual payment at the
rate of three per cent. per annum on each such share of
501., to be becured by their debentures, the Great
Western Company shall and will, therefore, forthwith
accept and complete the purchase on these terms. And
further, that it within one year from the expiration of
such period of four years this company shall not have
required such purchase to be made, it shall be at the
option of the Great Western Company, at any time
within two years from such last-named period, to require
the company to sell the undertakings() them at the price.
(over and above all charges, debts, end preferential in-
terest on dividends) of 401. foe
,each zuch share, and the
cempany shell and will, therefore, forthwith sell and
convey the undertaking to them on these terms. That
the directors be, and they are hereby, authorized to affix
the common seal of this company to any deed or agree-
ment containing, in addition to tha, clauses in the deed
already prepared, such further clause or clauses as above
stated, sad to do all other acts which may be required
fur giving effect to this resolution. That the condition
attached by this meeting to the agreement be consi
dere d as not accepted by the Great Western Company'
it not accepted by that company in due form within a
month."
Major COURT seconded the resolution,which fully
confirmed the statement he had made.
- -

Mr. PausoNs begged to say that he would vote in
favour of the amendment of Mr. Tudor, both on his
own shares and on all the proxies he possessed, as be
considered it WOLIId put th# GreatAV eaten C9mpauy,
to the rest —(Hear..)
Sir li. FusTER concurred in the propriety of Mr.
Tudor's amendment, and thought it should be at once
remitted to the directors to curry it out.
Mr. HUDSON, M.P., said, according to the'arrange-
ment proposed by Mr. Tudor, the proprietors would
get no dividend for four years, and after that the
shares would virtually be sold at 241. fie put it to
Mr. Parsons whether, under all the circumstances, he
would use his proxies. He had been in a similar
position himself once, and did not on that occasion use
the proxies he held.—(Bear.) He thought that if
they were secured a dividend—say from the lit of
January next—the proposition of Mr. Tudor should
be acceded to. They might, in the meintime, send
the proposal to a committee, to be considered more
fully, and meet again to settle the matter.
Mr. PARSONS wished to state that be held the
proxies of nearly the whole Stock Exchange, em-
bracing 8,000 out of the 24 000 shares ,of the com-
pany. He had consulted with those parties, and they
authorised him to support the proposed
agreement
with the Great Western, provided the resolution of
Mr. Tudor was attached to it. The price, however,
was then understood to be 251 in place 301., and,
instead of 3 per cent., 242- per cent. He then sug
gested that those figured were too small, and they
had since been raised. He thought that this was
the most prudent bargain they could make,— and his
belief was that the Great West-rn would,ion conside-
ration, give in to it.—(Bear, hear.)
Mr. LAWRENCE would be glad if the proposition
of Mr. Tudor was carried, as it substantially agreed
with the proposition he had made.
After some further conversation, the 2.solutioiir.9f
Mr. Tudor was adopted.
A vote of thanks was then given to the committee
of shareholders, and the special meeting terminated.

HALF••YEARLT MEETING.

The ordinary half-yearly meeting of the company
was then held.
The 'report of the directors, of which the following
is as abstract, was read by Mr. Smith :
" The directors have so recently communicated to
the proprietors the position of tbe undertaking that ou
the present occasion little remains to be stated.
" The proprietors are aware that tbe company kept
an account with Messrs. Rufford and Wragge, ban-
kers at Stourbridge, and that Mr. Francis Rufford,
one of the partners of the house, was connected with
this company as its chairman from its original forma-
tion. Thii bank stopped payment about the 26th of
June last, there being at that time a considerable
amount of the company's money in its hands. .The
report of the auditor hereunto annexed details the
amounts and-the oircumittances. Tie directors are,
through the medium of the company's solicitors, en-
gaged in a-ceetaining the exact position of the com-
pany, believing that some portions of the lois will tall
on third parties. The directors tear the arse's of the
bankrupts will suffice to pay but a small dividend'
" The various works upon the line are progressing
satisfactorily, though more slowly than the directors
contemplated when they made their report to the
special general meeting of the Company in January
last. This is attributable to the unsettled state of the
company. On one contract, that for the' Mickleton
Tunnel, the contractors stopped the works in June
last, and refused either to go on or to give the
company possession, In order that the works upon
the whole line might not be rendered unproductive
by the non-completion of this tunnel, the board,
acting under advice, took possession of the contract,
they are happy to sly, without absolute -violence or
injury to any individual, though the menacing con-
duct of the contractor at one time rendered such an
issue probable. The question touching the company's
rights against the contractor and his rights against
the company is now the subject of arbitration.'
The auditor's report states that the balance-sheet
represents an expenditure of the sum of: 68,0831. 6s.
Bd. for land and compensation in the half-year, but
several amounts, parts of that aggregate amount, have
been deposited in provincial and joint-stock banks,
leaving in deposit with bankers of 24,9121.10 x. 4d., and
the Gloucestershire Bank, Stow-on-the-Wold, 2101.,
a purchase since completed. These sums, for the
most part, have been so deposited in the names of a
director of the company and the vendor or his agent ;
but a sum of 3751. deposited in the bank of Rufford
and Wragge was so placed in the name of Mr. Rut.-
ford alone in the matter of the executors ot
Page, deceased. Two several cheques, the one 5,6251,
and the other 5,5001., appear to have been paid to the
agent of Lord Ward's estate, being the consideration
for the purchase of lands; they were both drawn on
the hank ot Messrs. Rufford and tiL',but in the
pass-hook' of that batik the cheque for 5,500/. does not
appear to be debited. The balance due from Messrs.
Rufford and Wragge, according to the ledger ac-
count of the company, and as expressed in the b.ilance-
sheet, is 4,1661. 13, 2d. In that account they have
credit fkr all sums drawn upon them by the company;
but I am informed that one checque, for 4701, so cre-
dited, has not been issued, whereby the balance is in-
creastd to the sum of 4.6361. 13s. 21.4 and I am
further informed that the following checques, drawn on
them and isetwd to Messrs. Bedford and Piddock, are

also outstanding ;—April 18, 1848, 31/ ; March 6,
1851, GO/. 17s. 64. ; March 12, ditto,lsol.; June 16,
ditto, 2,632/. Os. 8(1.; ditto, 1821. 145.; ditto, 1921.
10s. ; ditto, 1371. 103.; ditto, 210/. ; total, 3.596/.
12s. 2(1. ; and one to Mr. Elgie, May 14, 1851, for
431. 10s. 6d.

In answer to a question put by a SHAREHOLDER,
Mr. PARSONS stated that the sum of 4,1661., men-
tioned in the report, was not the whole amount due
from Ith,::sr& :11.i1To::(i and IVragg:--,s. There ,?...era °Lila
charg2P, into which inquiry was now- indking, and
which it was believed would show thz;.t blame rested
with some persons connected with the company. Two
checques, one for 5,6251., and the other for 5,5001. (a
most mysterious item), paid to the agent of Lord
Ward's estate, were at this moment under. conside-
ration.

Sever4.l formal resolutions were then passed ; the
sum of 2001. was voted to pay the expenses of the
committee of sharebolderA, and, after a vote of thanks
to the chairman and directors, the proceedings ter-
minated.