The Sun.
London, England, 1857-06-13 00:00:00

ATLANTIC TE EGR AP. T coivipAo

(MEETING THIS DAY.) • tbil
TLis morning a meeting of the EharehOldfrg no
undertaking was held at the London Tavern, 13.'81'0
g
gate-reet, Mr. Brown, M P., in the chair, to cter.
the provision of a bill, now before Parliament, t°;01,
porata and regulate the At'antic Telegraph Cl'e
and to enable the said company to eetallishh ani"!,/weir
te4,grAphs between Great Bri rai, Ireland, and
-
foundland, and for other purp .ses.
he
of
The CHAIRMAN hwing brit fly stated that t"-, the
ing v.-as a formal one to conticter the provisions
unon aE
Mr. FRESHFIELD, the s&iciLr, who mad the beads
itH various clauseMANs. ifs (I
Toe CHAIR said the bill had been anxiou,/
.naD

well c,msidered by toe directors, and he bad ne11:01
would meet with the approbation of the ineet`;e°l
moved a reolu, ion that the same be approved. olio&
Mr. T. 11. BROOKING (director) seconded 0100
Mr. DicKsofi compiained of the late period 9'..dla
the meeting had been held, viz after the third r-
of the bill in the House of Cinin en A. A bill clO"leid
the consitiitition of the company should have beed! 11
before the shareholders at a much earlier 1014°,0
was called to adopt a foregone conclusion wittioe"°#lol,
the shareholb-rs an opportunity of con,iderleg ffi
had been proposed. He object() principa yto the tYI
clau-e, which stated that the principal office; be
company and its corporate domicile shoal'
L ,ndon.
iato'o
Toe CHAIRMAN explained that Mr. Wilson nla #
811°e qua note on th,3 pa-sing of the bill, or he
negotiate with another company. of i°
Mr. DICKS .N al,o objected to other provision° be it
bill ; one was, that compelling the offices t°
Lon 'on, virtually deprived the shareholders of all 0
over the affairs of the company. He ninv:,cl,,e",,
amendment t be added to the end of the 2'1"" ror
fixing the ofc,s in London, the words, I, until °the
deter mined by a majority of the shareholders.
Mr. THORNLEY moved the amendment.- "I°l
Mr. MOFFATT, M.P., said that he considered
better to accept the conditions of the Governs°
obtain the contract, than refuse and lose it. rf
The CHAIRMAN explained that it was corcPtlifloi
the part of the company to accept the terras
Government, and they had in consequence Ole
Agamemnon at the disposal of the company 63r codes'
pose of laying down the cable, and she would eek:0101„'
taki gin the cable on Monday. It was tulfeiri
necessary that the cable should be laid down "8:01
August gales, and any stoppage of the bill ne"001
have the effect of retarding operations for twelve -
at least.
,1014

Mr. BUCHAN/list, ALP., approved of L°ll3°ll
made the domicile of the management.
In reply to a question from a shareholder, bcl
The CHAIRMAN said that clause 13 makiag,ltioli
pointment of directors dependent upon theo3°ofili
the Government, was introduced at the wiBbollt,
Government in order to prevent the suceeeS
tempt to buy up the shares for political prineil)ll iftlll,6
Mr FRESHFIELD, the solicitor, explained t" ifov
bill was not approved of by the shareholders there
De an end to the erstence of the company.
After some further discussion, j°
041
Tee CHAIRMAN said that the Government, 00f,,i
for their interference, gave the company 3 10611.41
14.0001. for 25 years, and the assistance of tw"holri
war to lay down toe cable ; and the U. states —OO4
over the Niagara to assist them, and she "16 let`il
Port.unuth undergoing the necessary repairs t°,6f•
her fit for the purpose. The tariff of charges °I 01
by the Government.
Mr. LOGIE (director) said that, as the G°.,- nelbj
had granted them a 25 years monopoly, and VI/
4hiP4 to lay down the cable, which was worib "00
100,000/ , it was but right that the com Pail .1
make some conce,si-ins. °fie
The amendment was then withdrawn, and tbe
bt
resolution agreed to. to
Tt.e meeting separated after a vote of thanks
chairman.