The Sun.
London, England, 1858-11-02 00:00:00

TILE EASTERN STEAM NAVIGATION

Sharel Railways.

I paid. Closing I Business
Price. Done.

31 A G

COMPANY.

SPECIAL MEETING-THIS DAY.

Antwerp & Rotterdam
Ardennes
Bah.&S.Fran.,Lim.7p.c
Belgian East. Junction
Beziers to Graissessao
Carmeaux Mine & RaiL
Dutch Rhenish
Eastern of France
Euphrates' Valley
Great Central of France
Gt. Luxem.,:Con. shs
Italian Junction
Lake Coastance & Bale
Lf.erre and TurnhouL.
Lombardo Venetian
Lucca & Pistoja, 5 p.c.p
Lyons and Geneva
Maria AntOnla

51 k

par Ipl1pl
1)
1 1
9i 10
2 2
44 4 d
28. 284

A general meeting of the shareholders in this company
was held this day, at the London Tavern, Bishopsgate•
street.

The chair was taken by H. T. Hope, Rill.
The CHAIRMAN, in opening the proceedings, announced
that, in pursuance of a resolution of the court of directors,
passed on the 19th day of October, the Eastern Steam Navi-
gation Company was, on the 20th day of October last, duly
registered under the provisions of the Joint Stock Companies
Acts 1856 and 1857, as a limited company, wider the name of
the Eastern Steam Navigation Company (limited), and that
the present meeting was held to consider the propriety of
dissolving the company, and the voluntary winding-up
of its affairs under the provisions of the Joint Stock
Companies Acts 1856 and 1857 ; and, if a resolution to
that effect were passed, then to appoint a liquidator
or liquidators under the said act to wind up the said com-
pany, and also to authorise the liquidator or liquidators so
appointed, in the event of his or their selling the ship be-
longing to the said company to a registered company called
" The Great Ship Company (Limited)," to receive in com-
pensation or part compensation for such sale shares in the
said " Great Ship Company (Limited)," for distribution
amongst the shareholders in the Eastern Steam Navigation
Company (Limited), and to enter into any other arrange-
ment whereby the shareholders in the Eastern Steam
Navigation Company (Limited) may, in lieu of
cash or shares, or in addition thereto, partici-
pate in the profits of, or receive any other benefit
from, the said Great Ship Company (Limited).
It was obvious from the unfinished state of the ship that
its purchase and completion could only be effected on terms
- likely to be satisfactory through the instrumentality of a
- new company, or an arrangement embracing a partial pay-
ment in shares, affording a preference on the issue of shares
to the proprietors of this company; and, with this consi-
deration in view, the directors and the committee of co-
operation, after a careful consideration of several proposals,
have arrived at the conclusion that the proposal of the Great
Ship Company Limited for the purchase of the vessel was
the only one which they could recommend for the adoption
of the proprietors. The principle of that proposal had al-
ready been communicated to the proprietors on behalf of the
promoters of the Great Ship Company Limited, and the di-
rectors were fortified in the opinion they had formed as to
this proposal by the fact of its having already received
the written approval of a large majority of the proprietors.
Several of the largest shareholders had already signified
their approval of the proposed company ; and a provisional
board had been formed for carrying its object into effect.
It is proposed to exchange five shares in the new company
for two shares in the old company ; but at the same time
giving those of the existing shareholders who may wish to
retire, the option of doing so, and of receiving their pro-
portion of the divisible assets. The working of the pro-
posed plan may be thus illustrated :—A holder of ten
shares in the old company may avail himself of either of
the following options :—He may exchange his shares for
25 shares in the new company, fully paid up—or, for 100
shares, ss. paid, subject to calls to the extent of 15s. per
share, which would be his• quota—or, for 50 shares, 10s.
paid, subject to calls to the extent of 10s. per share.
After a short discussion a resolution appointing T. Hope,
Esq., E. L. Betts, Esq., Samuel Beal, Esq., M.P., and Mr.
John Yates, liquidators, to wind up the old company was
agreed to unanimously.
The following resolution was agreed to :—" That the said
liquidations be authorised in the event of their selling the
ship to a registered company, called the Great Ship Com-
pany (Limited), to receive in compensation, or part com-
pensation, for such sale share in the said Great Ship
Company (Limited) for distribution among the share-
holders in the said Eastern Steam Naviga-
tion Company (Limited), and to enter into any
other arrangement whereby' the shareholders in the
Eastern Steam Navigation Company (Limited) may, in lieu
of cash or shares in addition thereto, participate in the
profitiof or receive :any other benefit from the said Gret
Ship Company (Limited)."

- -p
7i Si

4} 41P1

Do. do. New
Namur and Liege
Do. do. 6 p. e. Pre".
Nortirrn of France
Do. New Shares
Norwegian Trunk Pref
Ottoman, gua. 6 per cent
Paris,Lyo Is, and Medit.
Paris and Orleans

Recife& S. Fran. (fern.;
gua. 7 p. et. (Lim.)
Riga and Dunaburg
Lome and Frascati
Royal Danish
Royal Swedhh
Do. 7 per cent. Pref. ..
Sambre and Meuse.....
Do. 5.,-per cent. Pref. ...
Southern of France....
West Flanders
Do. 5 p. c. Pre:erence
W. & N.W. of France
Western of Austria
Western of Switzerland
Wiesbaden

(Do 8 per cent. Pref
Zealand

A vote Of thanks to the Chairman terminated the pro.

ceedings.

THE SUN, LONDON, TUESDAY EVENING, NOVEMBER 2, I.

INES.

" The proclamation has long since been treated as a dead
letter. From the first it was modified by the Commis-
sioners, but of late it has been wholly discarded,—having
been found as impracticable in working as it is unrighteous
and tyrannical in spirit. So far from confiscating the
whole rights in the soil of Oude, the agents of the Govern-
ment are now giving the very fullest effect to Lord Ellen-
borough's principles of moderation. Indeed, yielding to
the force of circumstances, they now find they must carry
out those principles, perhaps to the extreme. It may be
here remarked,' say Mr Russell of the Times, writing on
the 18th August, ' that no civil officer now regulates his
conduct by Governor Canning's proclamation,- even as it
was modified by the Commissioners; and,' so much is the
case otherwise, settlement-engagements for revenue have
been made with chiefs who, so late as June last, attacked
our police, and plundered their posts and villages!' So
expired Lord Canning's proclamation. We wish the moral
discredit of it could be as easily erased from the memory of
the natives of India, and wiped from the fair escutcheon of
British honour."

Bub/in.—The " Adventures of Gerald Fitzgerald"
are continued: they are narrated in a spirited man-
ner, and present some curious scenes of the French
Revolution. Gerald encounters old friends with
new faces when and where he least expects to find
them. Among the most singular was the poor
player he met with, and who recalled himself to his
recollection as his former acquaintance the Vis-
count de Noe, " a part," he added, " which my
ancestors have performed for some seven or eight
centuries ; now I change my role every night !"
" Outside a Playground" is a very sensible article
on the miserable resorts of poor children, and the
necessity of providing some more healthy places for
them to recreate themselves, instead of wandering
in the worst neighbourhoods as regards physical
disadvantages and moral degradation. A paper on.
" Crinoline and Whales" presents some curious de-
tails, and contains some ludicrous remarks concern-
ing the present absurd fashion in ladies' dresses.
" The Half Brothers" is a most painful story, which
offers a striking example of the cruelty
and base-
ness of practical jokes carried to an inordinate
excess—how they form an excuse for those desti-
tute of principle and devoid of delicacy to indulge
their unfeeling natures at the expense of the hap-
piness, welfare, and often the life of others. The
peculiar cfrcumstances under which Henry Ashton
met his death are very naturally described, and
although the actual events that led to so sad a catas-
t-ophe may not be those of frequent occurrence,
the most important part of the talc—its tragic con-
clusion—is only too often verified in actual life.
" A Subterranean Adventure" is a very strange
sketch, which is brought before us in a
a striking manner. It is likely to engage atten•
tion alike from its singularity and the impressive
style which characterises its delineation. There
is a mournful interest attached to the remarks on
" The Works of the Rev. R. A. Vaughan," inas-
much as their gifted author is now no more. It is
said that gratitude for what he has written is
mingled with sorrow that his works are so few,
compared with what they might have been. Some
wise reflections are made on the evils that arise
from over study, and the danger of undertaking
more than the strength will enable to perform. It
is observed "We would warn the student against
a thriftless expenditure of his powers." "A Home
Fancy" is the title of some graceful verses. " Jot-
tings on Eclipses" furnishes some remarkable ac-
counts of eclipses in ancient times that will satisfy
the scientific reader. " Patrick Delany, D.D.," is
the subject of some well-written remarks on that
distinguished man, who obtained his honours "by
the sheer exercise of an intelligent mind, combined
with honesty and rare industry." The details
given of his life are interesting.

Fraser's.--Fraser has an unusually attractive table
of contents this month. " Our Failures," by a Man-
chester Man, is an interesting paper on some of the
topics of the day, but he speedily finds his subject
extending to an alarming size when he treats of
miscellaneous failures, and unsuccessful attempts in
general matters. "Concerning Tidiness," is an en-
tertaining article "on an overlooked source of
human content." The writer insists that much
gloom and depression might be disposed of by
vigorously setting to work to remedy all disorder
and untidiness about personal matters, and he im-
proves on Sydney Smith's advice to a disconsolate
lady, to have always a bright fire, a kettle on the
hob, and a paper of sugar-plums on the mantel-
piece. The author observes, with truth, that at
one time it was too much the fashion to suppose,
that if outward things were comfortable, a
person must needs be happy, whatever his
mental uneasinels, ' but that now the pic-
ture is reversed, and the principle of
" My Mind tome a Kingdom is" is carried too far.
But while fully coinciding in the justice of many
of his remarks, and the spirit of all, we must
suggest that the author carries his favourite sytem
too far, and that the person who followed his rules
minutely would be apt to degenerate into a per-
petual fidget and a terrible plague to all about him.
The precise old bachelors and prim housekeepers of
society are seldom the most cheerful and contented.
The anxiety of mind which has been diverted from
the great questions of life is expended on the ar-
rangement of a library or the preservation of a new
carpet. The papers on Natural History are con-
tinued, and treat of Pelicans, those interesting
birds, so. favourite a theme with the ornithologist
and simile with the poet. The
pleasing story. of
" Hanworth" is continued, and chronicles some
•
im-
portant events. Edith is engaged to her former
lover, Charles Stirling, and Mrs. Ramsay dies
unexpectedly abroad and leaves her daughter in
a forlorn position. An article on Mr. Rarey gives
a clear and precise account of his method in a man-
ner that will render it comprehensible even to those
who have no ambition to distinguish themselves in
.the character of an equine Van Amburg. The ,
portrait of a day without horses is amusingly
sketched. A new story by the author of " Meg of
Elibank," commences with promise. It is entitled
" Hector Garret of Otter," and the reader becomes
interested in the fortunes of the lonely young wife
of the reserved and sorrowful student. A paper on
the Indian Rebellion discusses the village system
and the policy of annexation, censuring the former
and acquitting the latter. An interesting article
on two j ccent volumes on our great rebellion brings
the number to a close.

Bentley's Miseellany.—Several articles of interest
meet the reader in this month's number. For the
lovers of fiction there are two or three attractive
stories, one of them entitled " The Rejection,"
which continues the fortunes of Ur. Canterbury's

Blackwood.— There is an unusually long instal-
ment of " What will he do with it" in this number,
which contains some important events. As the
story approaches completion the interest deepens,
and the different characters, who had been widely
separated, appear about to meet together. The
scene in which Jasper Losely confronts his deceptive
associates is a most exciting one, and displays much
of that graphic force of description and dramatic
vividness of effect for which the author is so justly
celebrated. The meeting between Waife and his
erring son is touching in its mournful interest;
and the reader who laments over the sad story of
the aged wanderer's life, feels relief and satisfaction
in reading of the interview between him and Lionel
Haughton, in which the latter declares the revela-
tion that had been made of his innocence, before
those whom he had called friends in the bright
days of the past. Some of the best passages in the
work are certainly met with in the chapters now
before us. " Edward Irving" is the subject of a
very interesting article, which is written with
vigour and ability. Notwithstanding the errors
which darken his story, there is much that unde-
niably deserves notice and regard in the life of the
remarkable man here mentioned. It is observed
that his force lay in the singular truthfulness of
his manner. " There was nothing marvellous in his
doctrine, and his style was the noblest and most
picturesque English. The piquancy of the spec-
tacle lay in this particular, that everybody gazing
could see how the thoughts rose, how the fire
burned, how the pulses of a giant nature beat." It
is sad to trace the -fitful career of this singularly
gifted man, through 'the phases of a brilliant blaze
of renown--when, bewildered by his dazzling
visions, and his marvellous success, he fell into
grievous errors, and underwent extreme anguish,
till, as if by a prophetic feeling, he set off for the
city in whose cathedral crypt he was to lie, " while
the clouds gathered in ominous grandeur about the
sun which was going down at noon." The story
of " The Light on the Hearth" is concluded in a
very satisfactory manner ; and, after the storms
that had raged round the dwelling of Trevenna, and
the enemies-that-had hovered round its threshold,
it is pleasing to find that its household fires are not
extinguished, but peace and prosperity shed their
brightness on its inmates. In the remarks made
on " Buckle's History of Civilisation," there appears
some just criticism of that masterly production.
There is great force in the arguments relating to
the chapter on Religion, Literature, and Govern-
ment. It is impossible not to recognise the extreme
excellence and beauty of the style of Mr. Buckle.
Some eloquent passages are here cited, which speak
for themselves ; and there is evident truth in the
concluding remark met with, that " no book lays
hold of the attention more powerfully, and few re-
ward it more amply." There is a treatise on
" Cherbourg as a Port and Fortress," which will
doubtless be acceptable to many. " Lord Canning's.
Reply to the Ellenborough Despatch" is the last
subject that engages attention, and, without en-
tering into that vexed question with prejudice or
acerbity, the writer of the article comments on some
of the chief points with clearness and decision, and
thus remarks concerning the futility of the vaunted
policy of confiscation :