The Sun.
London, England, 1859-02-03 00:00:00

HANIVELL COLLEGE, Middlesex, is still
retaining its high character.—United Service Gazette.
A Prospectus will be forwarded on application to the Rev.
Dr. En erton, Principal.

METROPOLITAN RAILWAY and CITY
TERMlNUS.—Proposals for the Allotment of the Con-
tractors' Shares.—At a MEETING of the Requisitionists,
held at the Mansion-house, on the 28th of January, 1859,
The Right Hon. the LORD MAYOR in the Chair,
The following Report of the Committee was received, and
unanimously adopted :
The Committee of Requisitionists appointed at the great
Meeting at the London Tavern to give effect to the subjoined
resolutions passed upon that occasion, have been engaged
since the date of the Meeting in making arrangements, under
e advice of eminent counsel, so as to define, with legal accu-
racy, the terms and conditions.upon which the shares required
Lc OoMplete the undertaking. are to be issued.
The terms and conditions of the arrangements will be found
lu the form of applications for shares, approved by Mr. James
Wilde and Mr. Lush.
The Committee reprint the resolutions as unanimously
Feed to by one of the largest and most influential meetings
over which the Lord Mayor of London has ever been called
forth preside. The facts, arguments, and conclusions set
h in those resolutions will afford the best recommenda-
tion to the public to give their practical support to the objects
of the Meeting by applying for shares.
Hon. the,Lord Mayor, Sir Fitzroy Kelly, A.G. and 31. P., and
Sir James Duke, Bart., M.P., and R. W. Crawford, Esq., M.P.,
'WO of the Representatives of the city,) have accepted the
Office of Trustees, and in their names the deposits will be
Placed in the London and Westminster Bank.
In a letter the Committee have received from the Directors
of the Railway Company they avow that they look at the un-
dertaking purely as a commercial speculation with a view to
Pgfit, Others who have always abstained from engaging in
Pall projects have applied for shares from philanthropic
Motives, and others with a view to the relief of our streets.
Various as may be the influences which govern mankind, it
s quite clear that, however strong the desire of the public
pay be to see this treat measure carried into execution, unless
the Proper means be taken the end cannot be attained.
The Committee do not feel it to be within their province to
zdo more than recommend the resolutions of the Public Meet-
o; and the prospectus of the Company to the careful perusal
"4 every man who may be prompted to render the required
assistance by any of the motives refered to.
It has been, however, the anxious determination of the
Conlinittee to spare no exertion which prudence could sug-
gest to ascertain all the facts of the case, and to surround the
proposed arrangement with such legal safeguards that appli-
cants for shares may not, in any event, be involved in a re-
gPonsibility which they are not 'willing to undertake.
The names of the present Directors of the Company will be
found at the head of the Company's prospectus ; they are
gentlemen whose standing in society renders any voucher of
their respectability quite unnecessary from us.
It is part of the arrangement that vacancias at the Board
"all be made for four Directors, to be appointed by the new
subscribers out of their own body. g •
CHARLES WHITE, Chairman of the Committee.
Resolved unanimously :
That it 136 referred to a joirtertiCsnittee of .2.), p
to add to their number, to give effect to the foregoing arrange-
!tents, and to report to an adjourned meeting of the Requisi-
tionists on the 10th of March next, or on such other day as
the Lord Mayor may name for the purpose.
That such Committee do consist of the Lord Mayor and the
other Trustees, together with six of the Aldermen, or Com-
?non Councilmen, or City officers, six members of city firms,
three Directors of the Great Western and of the Metropolitan
Railway Companies, and three of the Great Northern Rail-
way Company, or failing- their adhesion, of three resident
.!ndowners on the line, interested in obtaining the accommo-
nation of a city station.
D.
an. W.
28, 1 WIRE, Chairman of the Meeting.
Mansion-house, J 859.
Resolutions referred to
That the overcrowding ofabove our streets with vehicles during
business hours is highly injurious to trade, and entails much
loss of valuable Vme upon a large number of persons of both
sexes and all classes, who are obliged daily to resort to the
great public monetary and commercial establishments with
Which this city abounds.
T the crowded • ded
of state of the dwellings of the poor is one
eltne most serious of our social evils—an evil which in this
abr is aggravated by the fact that respectable working men,
by and willing to pay for decent dwellings, are compelled,
• :rhe want of space, to live with their families in the same
ts and alleys, and often in the same houses, with the
'Ten'
most degraded classes, in the midst of every variety of disease,
and vice.
the appears to this Meeting, by calculations deduced from
,4„(7_ official railway returns 'for the last six years, that the
narking* classes are the most profitable customers to rail-
e„, ; and this meeting is strongly impressed with the
4,1,M0n advanced by Mr. Pearson, the City Solicitor, that if a
-8
uwaY railroad could be made, intersecting the metropolis,
.0 as to carry merchandise, cattle, and market goods by night,
an
passengers and parcels by day, from railroad to railroad,
and suburb' to suburb, and to and through the city, by fre-
quent,
t regular, and convenient trains, carrying large numbers
at very low charge, that such a railroad would relieve the
streets of many of their obstructions, and provide cheap trains
that it
working classes at seasonable hours, at the Same time
it would facilitate the operations of commerce in the
city, and render the•great metropolitan railways more useful
and profitable by bringing their city passengers within an
easy walking distance of all its principal streets.
It has been communicated to the Meeting by the Directors
!the Metropolitan Railway Company, that they and their
shareholders have subscribed £475,000 to construct a Hub-way
sailroad from Paddington to the city, with a view to profit as
'commercial speculation ; but as it will require a further sum
21 X 475,000 to complete the undertakinef, they are not willing
increase their investment, and that they will apply to Par-
,lltment for leave to withdraw their deposits and dissolve the
L•faripany unless the Great Northern and the public shall be
pleased to subscribe the further sum required. This Meeting
18 of opinion that it would be much to be regretted if so
favourable an opportunity of proving- the use and profit of the
Sub-railway system were to be lost, and that this Meeting do
therefore invite those who feel an interest in removing
Obstructions from the streets of the city and improving the
dwellings of the poor by means of the sub-way railway
system, as well as those who regard it only as a commercial
!Peculation, to take shares in the undertaking provided it can
~De satisfactorily proved that the work will 13e completed for
the sum stated, and that no shareholder will be involved in
any pecuniary responsibility beyond the sum he may be pleased
Lo subscribe.
gIETROPOLITAN RAILWAY—PADDINGTON TO THE

CITY.
DIRCTORS.
William Arthur Wilkinson,E
Esq., Shortlands, Beckenham
_Chairman.
William Austin, Esq., 27, North Audley-street, Dl;ector of
the Ithymne ;Wire
Captain Bulkeyley, indsor, D pactor of the Great Western
kinlaicmpa
Ch, 31. V. *Grange-road, Bermondsey.
-"arks Gilpin, Esq.,.P Director of the South-Eastern
company.
toll" Holborough, Kent, Director of the Vic-
:4ariaii:_t:tuioo,nni. Railway Company. uavid Ogilv_y Esq Sydenham, Director of the Great Western
Lpan"y.
tghtly gimp
son,
Parson, Esq., Ham-common, Surrey.
tor son, Esq., Gower-street Bedford-square, Direc-
of the Eastern Counties Railway Company.
ePard Pritchard Smith, M.D., Mortimer, Reading, Director
1,1(1)4 the Great Western Railway Company.
r; r RailwayamCEosincl.p,
anLyo.nclon, Director of the Great
.f.",."°ra—ltenjamin John Armstrong, Esq., Upper Wimpole-
Vet ; Sampson Copestake, Esq. (Messrs. Copestake,
eore, and Co.), Cheapside.
Son ilankers -T London and Westminster Bank.
titers --Messrs. Burchell, 5, Broad Sanctuary, Westminster
Engineer—John Fowler, Esq.
Secretary—John Henchman, Esq.
The Offices of the Company, 14, Cornhill.
don Committee,, appointed at the great meeting at the Lon-
-4 avern, on the subject of railway accommodation for the
u,',•?[,_of ondon, having decided, after thorough investigation,
glinethe issue of a circular In favour of this undertaking, the
tiotrne
and pr the following concise statement of its posi-
na,,nd Prospects
Pnwe; CemPanY is incorporated by Parliament and cm:
bored to raise a capital of one million, in £lO shares, and
etpitaoorrow, in addition, one-third of the amount of the share
t.,rehe line will commence at the Paddington Station of the
fat AVestern Railway at Westbourne-terrace. It will pass
older the surface of the New-road, with intermediate stations
yier the
.oceasional stoppage of trains at the Edgware-road,
itjent's-nark, Tottenham-court-road, and King's-cross at
4'n:es:ell" with the Great Northern, and thence to a station
01.1arringdon-street.
,?3, a deviation of the line as authorised, Coldbath-fields
will, at the desire of the Magistrates, be avoided, the
i.„ e made to harmonise with the contemplated im-
enient of Holborn-hill by the Metropolitan Board of
orks,
effected. and a saving in the cost of the railway will be
„IT lie total cost of the whole works, rolling stock, and preli-
linnarY expenses, up to the completion and equipment of the
1950 ready for traffic, will not exceed a share capital of
i,)00, and the borrowing powers.
,„ meet this expenditure the shareholders have paid up
_early .c
-,-90,000 in- deposits, which stand to the credit of the
beCt'anY in the hands of the Accountant-General; and,
th ng convinced of the profitable result of the
god
their ~,eY are anxious to carry it out, and are prepared to make good
:II engagements on 47,500 shares, if the Great Northern
ilway and the public will aid them by subscribing for the
Names
47,500 shares, which are now registered in the
of contractors and others.
thKhe directors of this Company regard with great interest
e enlarged views and philanthropic objects which Mr.
bltiltrson enunciated when he orignally started this project ;
Inj theY subscribed their money to the Company as a com-
_ rem' undertaking, with a view to profit. They believe that
:!_nitmerous population, and the supply of its wants, are the
IT'St and surest foundations of railway prosperity ; and when
iirY reflect upon the enormous population of the district
,rl3ngh which this line will pass, its productive capabilities in
•,„ntlection with the goods and passenger traffic of the Great
It'vristerii and Great Northern Railways and their tributaries,
an.; esPecially of the Midland and the Manchester, Sheffield,
LtsLaincolnshire Companies, which have recently obtained
iTee to the station at King's-cross, its contingent connec-
112n with the Metropolitan Cattle Market and North London
r.and upon the fact that it cannot be subjected to corn-
ition with low-priced steamboats or with any new railway
nthe same direction, but only with slow and expensive
omnibuses and cabs, they feel that this railroad will inevit-
ably prove the source of very large dividends to shareholders.
Various attempts have been made to reduce these large
sources of revenue to some definite financial result. These
calculations, whether based upon the existing traffic by pub-
lic vehicles, or from the passengers which may be assumed
from each station by each train, or upon the passenger traffic
of the North London, the Blackwall, and the London-bridge
Station Railways, taken in connection with the population
along those lines, prove a receipt, after a liberal allowance for
Working expenses, sufficient to pay upwards of 10 per cent.
on the outlay. But the impression is so general that the pro-
fits will be large, that there can be no necessity to repeat the
calculations.
It is part of the arrangement with the Committee of Requi-
sitiouistscies
be filled up by the parties who may now take up the shares
°lrered, and that all existing
.engagements with the Corn-
vany are to be subject to revision by the Board when so re-
raodelled.
1...,1t„is under these circumstances that 17,500 shares are offered
he shareholders of the Great Northern Railway Com-
c'fiY, and 30,000 to the public, upon the terms and conditions
-Pecified in the annexed form of application, which has been
Reared by Mr James Wilde, Q.U., and Mr. Robert Lush,
..I„,hose opinion is annexed.
aceetv e are of opinion that persons applying for shares in the
uh nt at the bankers,
dPanying form, and obtaining an allotment, and paying
cAosits thereon to the special accou
I,l'lll the terms specified therein will be entitled
if the such to receive
time to be
hg
r deposits, and the interest' allowed btyhtehebankers,
lirn•qunle number be not taken up within
for that purpose.
as
aloe Metropolitan Railway Company being incorporated
a
tnattnrailwaY company by Act of Parliament, it follows. as
matter of course that persons obtaining shares in it will not
pl_able for more than the amount of such shares to be paid
nalrepaciAsits and calls, in the manner provided by the Com-
ets, "JAMES WILDE,
" ROBT. LUSH.

Temple, Dec. 16, 1858."
Form of Application for Shares.
Metropolitan Railway Company.
The , Trustees for the Deposits on Allotment.
Sir tint. non. the Lord Mayor I Sir James Duke Bart. M.P..
' A.G. and M.P. IR. W. Crawford, Esq., M.P.
share:the Committee of Allotment of 47,500 Shares.
payLleinell,—l request you will allot me of the £lO
„,8 in the Company, and I undertake upon allotment to
Bth rug t
les' "le deposit of Li per share on such shares, or upon such
1.4 deposit
as you may allot to me • and I undertake on the
Marchd conditions tha I will, on or before the
ina aY of next, accept the transfer of such shares as
Aabe allotted, and will pay any calls. that may have be,
c!, Y be made thereon under the provisions of the Company s
tat the
1. TI CONDITIONS.
deposits are to be paid to the names of the
trustees, to a special account, into the London and West-
not " Ilank, and that if the Committee ofAllotment shall
un or before the said Bth day of March, certify that the
41uole 47,500 shares have been subscribed for, and that the
Banl/osits thereon have been paid, each allottee's deposit shall
turned, withou
ow t deduction, and with any interest the
?nay all thereon.
A,;, If the whole of the 47,500 shares shall be certified by the
(iglt,n. cut Committee to have been subscribed for, and the
thereon
nreßotted to his name upon te '"LtB Paid on or before the Bth of March next, each allot-
t_e shall have the number of shares allotted to him duly
payment of any calls due

Signature.
pbProAPecfAddress
may be
uses and forma of application for shares n
14, coue" I.lt Weavers' Hall and at the OffiCQS ot the Compa y,