The Sun.
London, England, 1866-06-15 00:00:00

RAILWAY BILLS.

In room D yesterday the West Riding and
Grimsby (Transfer) Bill was again heard and ad-
journed. In Lord Redesdale's Committee the Sun-
ningdale and Cambridge-town Bill was passed.
In the Standing Orders Committee the following
bills were passed :—Thetford and Watton, East
London Eastern Extension, Elham Valley, Wiven-
hoe and Brightlingsea, Hemel Hempsted and London
and North-Western, and the Waterford and Lime-
rick (ArrangementS). The following were ad-
journed:—Cheshire Lines and Spalding and Bourn.
In group 3, Rouse of Commons, the South-
Eastern and London, Chatham, and Dover, the
London, Lewes, and Brighton Bill was again heard
and adjourned.

In group 16 the preamble of the Swansea Vale
was negatived.

In group 17 the Vale of Neath (Transfer) Bill was
again heard and adjourned.
In group 19 the North British (Wishaw, &c.)
branches was heard and adjourned.
In group 20 the preamble of the Great North of
Scotland Bill was proved, and the North British and
Bridge of Allan Bill was adjourned.

IMPERIAL MbRCANTILE CREDIT.
A meeting of shareholders in this company was
held yesterdayat the London Tavern; Mr. W. Jack-
son, M.P., in the chair.
The CHAIRMAN explained that it was very desir-
able that they should unanimously pass at least two
of the resolutions he had to submit for winding up
the affairs of the association. He then moved that
the resolution be confirmed that was passed at the
extraordinary general meeting of shareholders held
on the 28th ult., to the effect that the affairs of the
with
company
Cbe wound
CompaniesAupc voluntarily,tlB62. in accordance
lr. the
HOYES seconded the motion, and it was carried
The CHAIRirIAN.
unanimously.
then.Bl moved that Mr. Alexander
winding up of the
Young and
conaa l be the liquidators for the
YLsotaifionair,asn
Mr. HOYES seconded: danitdwfaosr
carried
distri-
butingied
unanimously.
The CHAIRMAN then moved that if from any cause

it should be necessary or desirable to have the aid
of the Court proper application be made to have a
voluntary liquidation carried out under the super-
vision of the Court.

Mr. EAMES seconded the motion, and it was carried
unanimously.
The CHAIRMAN said it had been arranged that a
committee consisting of four members should be ap-
pointed to consult with and assist the liquidators,
two to represent the creditors and two to represent
the shareholders. The creditors had elected Mr. A.
C. Sherriff, M.P., and Mr. Fearon, of the Trust and
Loan Company, to represent their interests. It would
therefore be the duty of the shareholders to appoint
two to represent them on the committee ; and for
that purpose it has been suggested they should ap-
point Mr. M'Andrew, a member of the late com-
mittee, and Mr. J. 0. Walker, chairman of the
Madras Railway Company, to complete the com-
mittee to consult and advise with the liquidators.
He then stated that since they last met, the liabili-
ties of the Association had been reduced by £210,000
Every effort would be made to further reduce the

liabilities, and if the money market should be fa-
vourable they would all be satisfied with the result.
He had never bought or sold a share, but the day
after he had publicly announced his views of the
concern to them he added 1,000 shares to his hold-
ing. According to the articles of association no call
on the shares could be made payable before next
September, and his belief was that they would not
want £5 a share; but Mr. Young, one of the liqui-
dators, differed with him on that point. Of the call
that was now due £200,000 had been received, and
there remained £300,000 to come in on that account.
The creditors had agreed to give the Association
time to pay their claims, provided they were paid
interest at the rate of 11 per cent. per annum, and
and as they had agreed to pay the creditors that rate
of interest, the shareholders must pay up the re-
mainder of the call at once, or 11 per cent. interest
while the call remained in arrear. The creditors had
also agreed, provided the Court sanctioned the ap-
propriation of £12,443, to pay off the full claims of
99 persons for sums ranging from £2O to £5OO.
(Hear.) He thanked the shareholders for their kind-
ness to him, and said after that meeting the state
of his health would compel him to retire from taking
an active part, and spend the winter in Egypt.
Mr. HOYES complained that no accounts had been
presented, and trusted and hoped that both the
liquidators and the committee would fairly investi-
gate the proceedings of the directors in this matter
and report thereon to the shareholders.
An angry and personal discussion ensued, in the
course of which it was stated that it would be the
duty of the official liquidators to examine every
transaction, and report anything they found wrong.
Mr. SURGEY thought the very large holdings of
the directo^s, being in the aggregate about one-
tenth of the whole number of shares, showed that
they were probably not so much to blame as might
be supposed. They had been allowed a co.nmission
on all the business they could get for the Associa-
tion, and the shareholders must, he thought, blame

themselves for stimulating the directors so much in
that respect.

The CHAIRMAN contended that the association
was bound to carry out its engagements with the
contractors, and thus enable them to complete their
contract, entered into on the faith of those engage-
ments.

Mr. YOUNG, one of the liquidators, stated that
the directors had paid their calls up to the 15th ult.
with the exception of two, who, it appeared, had
deposited large sums with the association, and con-
tended that the amount of call should be deducted

from the sums so deposited by them. He thought
it was fair to do so, but he must have the sanction
of the Court on that point, before he could act.
He was not quite so certain that another call of £5
a share would be all they would want. They had
liabilities of £2,700,000 to deal with. Ile would do
his duty fearlessly, and already sums had been re-
funded to the concern which ought not to have been
taken.

Mr. M'Andrew was then elected one of the mem-
bers of the consultation committee, and at the unani-
mous request of the meeting Mr. W. Jackson, M.P.,
was elected the other member, with power to ap-
point sonic shareholder to take the place of Mr.
Jackson during his absence abroad or being obliged
from any cause to retire.
On the motion of Mr. HOYES, the proceedings ter-
minated with a vote of thanks to the chairman.

IRELAND.

DUBLIN, June 14.

The remains of the victims of the late fire were
interred yesterday. The funeral of Mr. Strahan
took place at 9 o'clock. The shops in Henry-street
were closed, and a large number of friends and
respectable citizens followed the hearse to Mount
Jerome Cemetery. The funeral service was con-
ducted in the Mortuary Chapel by the Rev. Dr.
Monahan, rector of St. Mary's, and the Rev. Mr.
Gibson, late senior curate of that parish, who pro-
nounced a high eulogium on the character of the
deceased. The preparations for the funeral of Mrs.
Delany and her three daughters was most exten-
sive. The Roman Catholic church of St. Andrew,
Westland-row, was draped in black. In the centre
of the aisle a large catafalque was placed, encircled
by seats for upwards of 100 clergymen. The grand
altar was also hung in mourning. Eleven o'clock
was the hour appointed for the commencement of
the ceremonies. At that hour upwards of 70 priests
were assembled, when the office for the dead and a
requiem mass were celebrated, the five hearses bear-
ing the remains waiting in front of the church. A
procession was then formed, which was followed by
an immense multitude of people. Upwards of 300
carriages and vehicles followed the mourning
coaches, and there was a large attendance of the
members of the Dublin Corporation and members
of other corporate bodies in Ireland. Several of
the trades bodies walked in front of the procession.
The solemn cortege then left Westland-row, and
proceeded up Merrion-street, along Clare-street,
Grafton-street, and into Westmorland-street,
where a pause took place opposite the ruins of
the late dwelling of the unhappy victims.
Every head was uncovered while the hearses re-
mained motionless. At Glasnevin Cemetery there
was one large grave formed, sufficient to contain the
coffin of Mrs. Delany and those of her three daughters,
with that of the servant, Bessie Cavanagh. Not-
withstanding the vast number of persons that crowded
the cemetery, the greatest order and decorum were
observed throughout the proceedings. Great sym-
pathy with the bereaved family was manifested by
all classes, and the shops were closed along the line
of the procession. After the funeral a meeting was
11 held at the cemetery, at which resolutions of condo-
lence and sympathy were adopted. A meeting con-
vened by the Lord Mayor will be held at the Mansion-
house this day to give expression to the public
feeling with respect to the recent calamity, and to
adopt measures for more effectually providing
against similar occurrences in future. The inquest
will be resumed to-day at 12 o'clock.
The court-martial on Colour-Sergeant M'Carthy
was resumed yesterday, which was the twelfth day
of the trial. It had been adjourned to allow the
prisoner to prepare his defence. He declined to
produce any witnesses, but he called on Colonel
Fielding to admit that he had served with his regi-
ment, the 53d, in India during the mutiny, and
through all the engagements there, about which
the prosecutors sail there could be no question. lie
then handed in a written defence, which was read
by Colonel Gordon. It referred to the undying fame
the offence charg
l
the regiment had acquired, to the improbability of
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of credit, and complained of "the tex reme y oppres-
sive and unjust manner in which the prosecution was
conducted." After a short adjournment, the Deputy
Judge-Advocate summed up the evidence, after
which the Court adjourned to this morning in order
to receive evidence as to the prisoner's character.
The Commission of Oyer and Terminer was
opened yesterday at the Court-house, Green-street,
by Baron Deasy and Mr. Justice O'Hagan. The
only case of importance that came before their lord-
ships during the day was that of Edward O'Connor,
for the attempted assassination of John Warner, the