The Sun.
London, England, 1859-12-13 00:00:00

MEETING OF SHAREHOLDERS THIS DAY.

A meeting of the shareholders in this undertak-
ing was held this, day at the London Tavern, for
the purpose of "reviewing the past management,
and receiving suggestions, by which this magnifi-
cent design can yet become a national glory, in-
stead of a national disgrace."

Mr. GUEDELLA took the chair at one o'clock, at
which time there were about 30 persons present.
The Chairman said he, like other persons, had
notiebd an advertisement of the Great Ship Com-
pany, calling a meeting of the shareholders for the
15th inst., but as that meeting had been postponed,
a step which he did not approve, he had taken upon
himself the responsibility of calling the share-
holders together. He had sent an invitation to the
solicitors of the Great Ship Company to attend, but
they had declined the incitation. He thought
that in any statements that might be made they
ought to be guided by moderation. (Hear.) He had
often thought of many things to which the ship
could be turned—amongst other things it might be
turned into an immense floating battery, as a brush
with France was not impossible, but above all things
he counselled shareholders not to part with their
shares in the present state of affairs, as everything
had been resorted to in order to depreciate their
value. The company had issued a balance sheet
which he thought was mainly to be attributed to
the pressure from without. By that document ar-
rears of calls were set down at £7,242, but he
should like to know who owed the money. Then
again the directors said they had the satisfaction
of stating to the shareholders that the vessel had
been n-iortgaged—(hear, hear, and laughter)—for
£40,000. He really did not know anything more
laughable than such a statement, excepting on one
occasion when he was connected with a cemetery
company, when the directors in the report said
they • had the melancholy satisfaction—(loud
laughter)—of congratulating the proprietors on
the increase of burials. (Hear, and laughter.) The
mortgage had been done by an eminent firm in the
city at 5 per cent.
A SHAREHOLDER—Is five per cent. the price I'
I'm afraid it's more.

Mr. GUADELL A said he did not know. The directors
would not give him any information at the office.
But this he knew, that the loan had been hawked
about the city in two sums of £20,000, for which
5 per cent. was offered. He thought that the
first management of the company had been
as bad as it possibly could be, and he felt this
the more so as amongst the shareholders
there were no less than 50,000 shares held by the
working men, who had come forward with their
sovereign each from a national feeling of pride to com -
plete the ship, which they looked upon as a national
undertaking. The gentlemen present knew the
past efforts that had been made by many gentle-
men to improve the position of their affairs, and
amongst them Mr. Magnus. (Hear, hear.)
Why, the directors had once demanded of
him a certificate of good character ; but as
they had demanded that in one case, he
should like now to see it furnished by all the gen-
tlemen at present at the board. (Hear, hear.) The
speaker then proceeded to give an outline of the
different schemes that had ben advanced to com-
plete the ship, and said at last it was decided to
raise £330,000 in .E 1 shares; but he contended
that, as that number of shares had not been sub-
scribed for, the prQject ought not to have
been gone on with, and the deposits ought
to have been returtie 1. The directors moved
heaven and earth to get the shares taken
up ; everything was paid in shares ; the directors
had no ready money to go to work with, and every-
body knows the fate of people who go to market
without money in their hands. There was another
thing he should very much like to know—who were
the directors at the present moment. (Hear, hear.)
Mr. Jackson, it had been said, Lad retired to
make room for Mr. Bold. Mr. Dargan was, lie be-
lieved, also out of the direction, and he was
very sorry for it. Mr. Cutbill, Mr. Cargill,
and Mr. Herbert Ingram, it was said, had
quitted the directory, so he should like to know
who at present acted as directors. His principal
point against the directors was, that they had
stated in May or June that the whole of the
330,000 shares had been taken up, but he had been
given to understand such was not the case. The
directors had greatly mismanaged the ship ; and
%e could only call the fact of taking the
ship to Weymouth an act of vanity on
the part of Mr. Campbell, who, he believed, once
represented that place in Parliament. Ile had
been asked to state how he proposed to improve the
position of the company. He (lid not think the
ship was bad—(hear, hear)—he thought there was
a kind of panic at present, and his deliberate opi-
nion was that the ship was safe.
A SHAREHOLDER—WiII you favour us with your
views ?
The CHAIRMAN—Presently.
A SHAREHOLDER—Time is precious ; give us
your plan.
The Cri.o 11 Al AN—The outline of my plan is the for-
mation of a third company. (Laughter.) Hethought

the best course to pursue at present was, to prepare
themselves for the meeting of the 11th of January.
He should call the shareholders together again on
the 9th of January, two days before the meeting, at
which he should move a vote of want of confidence
in the directors.

Mr. O'BYRN—What is the first thing you pro•
pose to do ?
Mr. GUADELLA—To get rid of the present direc-
tors. If the, meeting on the 11th should decide in
favour of the directors, then the resolution would
be negatived. At present he should conclude with
the following resolution :—" That this meeting
views with the deepest regret and indignation the past
management, and has no confidence in the board of
directors as at present constituted."
Major MURRAY said he was unconnected with
City business, but he would second the resolution,
as he thought it highly blameable that a great
scheme should be pulled to the ground.
The Rev. Mr. NICHOLSON said he thought the
resolution was too sweeping. Mr. Bold and Mr.
Magnus were not to blame. (Hear, hear.)
A great deal of confusion here ensued, during
which a number of resolutions and amendments
were moved and seconded Mr. Guadella finding
his original resolution distasteful to the meeting,
said, " I claim the right of all chairmen—l dis-
solve the present meeting "—(loud cries of " No,
no"—" the meeting's dissolved"—ar.d, snatching up
his hat, quitted the chair, exclaiming "1)o as you
like."
Mr.PITINCII moved and Mr. SAMUELS seconded
a resolution that Alderman hlodson, of Birming-
ham, preside over the meeting.
The motion was carried unanimously.
Alderman Hodson then took the chair, and a
resolution that the present meeting should stand
adjourned until the Gth of January, 1860, was car-
ried unanimously.
Alderman HODSON thought that Mr. Guadella,
although he had exhibited a little irritation, was
entitled to the thanks .of those present for the
trouble he had taken in calling them together.
(Rear, hear.)
A vote of thanks to Mr. Guadella and Alderman
Hodson was then agreed to, and. the proceedings
terminated.

LONDON GAZETTE(THIS EVENING).

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WHITEHALL, DEC. 10.
The Queen has been pleased, by letters patent under tho
Great Seal of the United Kingdom of Great Britain and
Ireland, to grant unto George Edward Adms. Barrister-
at-Law, the office of Rouge Dragon Pursuia vant of Arms,
vacant by the promotion of Edward Stephen Dendy, Esq.,
to the office of Chester Herald.
DOWNING-STREET, Dre. 12.
The Queen has been pleased to appoint Robert Mollison
Cutler, Alexander Keith, Henry G. Pinoo,
William
M'Keen, Richard A. Wlleffey, and John Holmes, to be
Members of the Legislative Council of the Province of
Nova Scotia.
FOREIGN-OFFICE, DEC. 13.
The Queen has been pleased to approve of Mr. Giacomo
Pim as Consul at Dublin for his Majesty the King of Sar-
dinia.
WAR-OFFICE, PALL-MALL, DEC. 13.
18th Regiment of Light Dragoons--4.4icutenant
William
Pemberton Hesketh to be Adjutant, vice Saunders;'who
resigns the Mintantey only.
Royal Artillery—Assistant-Surgeon William Ramsay
Steuart, from the Staff, to be Assistant-Surgeon; Assis-
tant-Surgeon Alexander Richmond, from the Staff, to be
Assistant- Surgeon. _ .

Ist Regiment of Foot—Lioutenant Frederick J. Ponsonby
to'be Captain, by purchase, vice. Gregory, who re•
tires.

6th Foot—Lieutenant Bentinck L. Cumberland, from the
75th Foot, to be Lieutenant, vice Allfrey, who exchanges;
Ensign Fmlcriek Ilol' ar, from the 82d Feet, to be En •
sign, vice Marchant, who exchanges.
Bth Foot—Entlign William Bannatyne to be Lieutenant, by
purchase, vice IL E. Fitz Gerald, who retires.
12th Foot—Hamilton John,Wallace, Gent., to be Enaign,
by purchase; vice Hopper, who retires.
20th Foot—Captain Augustus Riversdale Warren to be
Major, by purchase, vice Brevet Lieutenant-Colonel
Butler, who retires; Lieutenant George Gethin to be
Captain, by purchase, vice Warren ; Ensign Jae. Sinyth
to be Lieutenant, by purohaso, vice Gothin.
'2lst Foot—LieUtenant Robert Beatty Henderson to be
Captain, by purchase, vice Smelt, who retires ; Ensign
James Browne to be Lieutenant, by purchase, vice Hen-

Berson.
23d Foot—Ensign John Henry Tulloch to be Lieutenant

by purchase, vice Lawrence, promoted ; Ensign Gerald
George Liddell to be Lieutenant, by purchase, vice Gre-
gorie, promoted ; Ensign Samuel William Ralph Sadler
to be Lieutenant, by purchase, vice Knight, promoted.
25th Foot—Brevet-Lieutenant-Colonel Andrew Timbrell '
Allan, from the Slst Foot, to be Lieutenant-Colonel,

without purchase; Captain Henry Torrens Walker to be
Major, without purchase; Major Mawdistly Gaussen
Best., from half-pay Unattached, to bo Major; Van-
•

tain George Skene Hallowes, from the Kill
Foot, to be Captain, vice Walker ; Lieutenant Jahn .
Richard Harvey, to be Captain, without purchase;
Lieutenant John O'Hea to he Captain, without purchase;
Lieutenant John Wilkinson. from the Slat Foot, Co be;
Captain, without purela..se; Lieutenant Henry Hels.ham,
from the 53d Foot, to be Captain, without purchase ;
Lieutenant Arthur Sisson Cooper, from the 27th Foot,
to be Captain, without purchase; Lieutenant Thomas
Edward Gordon, from the Glst Foot, to be Captain, with-
out purchase ; Lieut. E. G. Horne, front the 49th Foot,
to be Captain, without purchase; Lieut. A. S. Cameron,
from the 72d Foot, to be Captain, without purchase; •
Lieutenant Frederick Augustus Magrath, from the 84th
Foot, to be Captain, without purchase ; Lieu'enant
George Augustus Elliott, from the 311 Foot, to be. Lien-
tenant, vice Harvey ; Ensign Francis George Coleridge,
from the 42d Foot, to be Lieutenant, without purchase,
vice O'lrea ; Surgeon Charles R.,liert Robinson, from •
the Staff, to be Surgeon ; Assistant-Surgeon James
Gideon Creasy, from the Staff, to be Assistant-Surgeon ;
Assistant •Surgeon Edward Cornigan Markey, from the ,
Staff, to be Assistant -Surgeon.
'29th Font—Brevet-Lieutenant-Colonel John Ross W heeler
to be Lieutenant-Colonel, without purchase, rim Brevet- •
Colonel Stewart, retired on full-pay ; Captain Lindsay .
Farrington to be Major, without purchase, vice
Wheeler ; Lieutenant John James Hood Gordon to be

Captain, without purchase, vice Farrington.
41st Foot—Lieutenant Robert Enstace Maude to be Cap•
lain, by purchase, vice Hamilton, who retires ; Entiiign
Montagu Thomas Ball Mitchell to be Lieutenant, by pur-
chase, vice Maude.
52d Foot—Lieutenant Alexander Hope Graves to be Cap,
fain, without purchase, vice Dick, deceased ; Ensign S.
Lott Pidsley to be Lieutenant, without purchase, vice
Graves; Ensign Francis Edward Dowler, from the 23d •
Foot, to be Ensign. vice Pidsley. •
filth Foot—Surgeon Jones Lamprey, M. 8., from the Staff,
to be Surgeon, vice Parr, who exchanges.
69th Foot—Lieut. James Warren Hastings Anderson to be
Captain, by purchase, vice Biggs, who retires ; Ensign
Pearson Thomas Bcames to be Lieutenant, by purchase, .

vice Anderson.
73d Foot—Ensign Archibald Collings Fall Armstrong to,
be Lieutenant, by purchase, vice Gibaut, promoted ;
Sydenham Clitherow McGill, Gent., to be Ensign, by

purchase, vice Armstrong.
75th Foot—Lieut. Irving Stening Alifrey, from the 6th
Foot, to be Lieutenant, vice Cumberland, who ex-

changes.
76th Foot—Ensign Edward Le Breton Butler to be Lieu-
tenant, by purchase, vice Field, who retires.
82d Foot—Ensign Charles Henry Marchant, from the 6th .
Foot, to be Ensign, vice Helyar, who exchanges.
88th Foot—Surgeon Archibald Henry Fraser, from the•
Staff, to be Surgeon, vice Dunlop, who exchanges. - •
Ist West India Regiment—Ensign Joseph Bourke to be .
Lieutenant, by parch:lse, vice Mackenzie, promoted.
HOSPITAT., STAFF.
Surgeon John Dunlop, M.D., from the 88th Foot, to be
Surgeon, vice Fraser, who exchanges.
Surgeon Thomas Parr, from the 67th Foot, to be Surgeon,
vice Lamprey, who exchanges.
Assistant-Surgeon William Skeen, M.D., to be Surgeon,
vice Surgeon-Major Poter Henry Roe, placed upon half-
pay.
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