The Sun.
London, England, 1850-02-18 00:00:00

grbtri) Vibittoti

SUN OFFICE, Seven o'Clock.

LONDON, BRIGHTON, and SOUTH
COAST RAILWAY.—(THIS DAY.)
A special general meeting of the proprietors of the
London, Brighton, and South Coast Railway was held
this afternoon, at the Bridge-house Hotel, for the pur-
pose of considering the question of audit ; Mr. Laing,
chairman of the board of directors in in the chair.:
The CHAIRMAN said the shareholders had been applied
to for their opinions on the subject of audit, but only 24
had thought fit to reply, and of that number 9 were for
a Government audit, and 15 azainst it. The general re-
suit, however, was that the majority of the shareholders
were willing to leave the matter in the hands of the di-
rectors, or to chance. No audit could be devised better
than that of working with a closed capital account, but
all railway companies were not like this company, i❑
that fortunate position, and as railway property was
daily b-coming depreciated in value something
must be done by way of an improved audit to satisfy the
public as to the int-grity of accounts submitted to them
by railway directors. Only two modes had been sug-
gested fur accomplishing that object, namely, by esta-
blishing a Government board of control, or by the
shareholders taking the matter into their own hands.
He was was averse to the fir►t on public grounds, but if
the shareholders declared in fivour of it, the directors
would interpose no obstacles in the way of accomplishing
it. At the same time he thought it would ultimately turn
out that the shareholders would des' with the question
theme -lees withotr, reference to the Government. He pro-
posed, then fire, that this meeting should appoint a
committee to co-operate with the committees of other
companies on the general question, and to fix upon some
system of audit for the current half-year.
On the motion of Mr. FLOOD, secoaded by Alderman
Witeos, it was resolved that the matter should be re-
furred to a committee of five shareholders, with
power to call for accounts and documents, and to audit
the acoonnts in such manner as they should think best
till the question had been finally disposed of.
The committee was then nominate], after which
'thanks were voted to the Chairman, gild the meeting
terminated.

MEETING OF SPANISH AMERI-
CAN BONDHOLDERS.-(THIS DAY.)

A meeting of the Spanish American bondholders was
held at the London Tavern this day, to consider the
proceedings of the meeting of the holders of :Mexican
Bonds. The chair was taken by W. Marshall, Dag.,
M P , at two o'clock.

The CHAIRMAN, in opening the proceedings, corn-
molted at some length on the conduct of the Mexican
bondholders, wbo, after consenting to the appointment
cf the Spanish American Bondholders' Committee,
had, without communication with that committee, at a
meeting htld on the 23d of January, by a resolution
Toted themselves ready to dissolve any and every com-
mittee then existing. He complained that the Mexican
bondholders had -never found any fault with the pro-
ceedings of the Spanish American Bondholders' Commit-
tee, nor expressed in the least degree any desire that any
particular course should be pursued, but had taken
that step without the slightest intimation of their
intention. After stating the desire of the committee to
do the best for the interest of all the bondholders, the
Chairman concluded by explaining that the meeting had
been called with a view to enable the bondholders to
settle any course which they wished t) pursue.
Mr. W HALEY moved a resolution, that this meeting
having taken into consideration recent proceedings with
regard to the proceedings of the Mexican bondholders,
are of opin,on that in order to ensure unanimity
in the proceedings of the bondholders, the management
of the Mexican debt should be entrusted t') the corn-
mit..m3 of the Spanish Americanlbondholders, with such
addition as this meeting may think fit."
Mr. SIIErHARD seconded the resolution, which was
received with loud cries of disapprobation from all parts
of the m' eting.

Mr. Bunn°Zorr called the attention of the meeting to
a resolution of the 23d of January regarding the holding
hack inf 'relation from the Stock Exchange.
Mr. CAMEL indignantly denied this assertion.
Mr. STEEL thought that there ought to be a serarate
c,mmittee for each a, parate section of bondholders.
Mr. MORIATE supported this view. He did not wish
to undervalue the exertions of the present committee,
though he thought any other set of gentlemen could have
done as much; yet he coull not see why they should not
have a special committee for a special purpose.
The CHAIRMAN said that it was very easy to say
when the battle was over, any other general or any
othetarmy could have done as well.
Baron GOLDSMID said it was his object to effect a re.
conciliation betwe.ll the two sections of the bondholders,
and to do away with the ill-blood that existed. He
should propose that the fur gentlemen of the old com-
mittee should be added to the Lew committee.—(Cries
of no.")

Mr. LACK., amidst great confusion, rose to charge the
committee with refusing to aff,rd information to the
b.,ndholders. .11,1 himself had written to the commit-
tee fur information, and had never received any answer.
Mr. CAPEL supported the proposition et Baron Gold-
amid. He exhorted the meeting to refrain from a display
of g, which would by no means better the posi-
tion of thebondholdem

Mr. RICHMOND Faw much to blame iu the constitution
of the commitm Spanish American bondholders. He was
a Mexican bondholder to sianc large amount. He thought
tiat there was a much better chum.; of obtaining a set•
tlement of their claims by a sepsratm committee,cho•en
by the bl n,lholderA Eh( maelves. There were also many
tancts in the conduct of the committee which
laid them open to fault. lie should only instance the
Per uvia i conapromi,e which took place last year. On
the 7th December the Peruvian Minister had an interview
with th chairs a and deputy-chairman of the commit-
tee, and on several succeeding dad s with the deputy
chairman, until the 21st, when the rest of the committee
were communicated with, and on the 31st Dec. the terms
were put,lished in the Standard. Now on the 7th the Pa -uvian St( ck stood at 36 37, a mere nominal quota- I
tion, and on the 22d it stood at 51k. Now there snight
be coincidences, but a great many persons might draw
their own conclthions from those circumstance.. The
Hon. Gentleman concluded by moving an amendmeLt:—.
" That the busir ess of the Mexican bondholders remain
in the hands t f the committee appointed by the meeting
of the 23d of January last."
Here a scene of great confusion arose, in the midst of
which the Chairman rose to put the two amendments
proposed by Baron Geldsmid and Mr. Richmond.
I I Vie mid t great noise and disorder, the amend-
ment of Me. limhruond was ultimately carried.

TATTERSALL'S-THIS EVENING

Su o'CLocx.

LIVERPOOL STEEPLECHASE.
15 to 1 agst Meath
15 to 1 aget Farnham
30 to 1 agat Maria Day
NORTHAMPTONSHIRE STAKES.
8 to 1 agst Osterley—taken
10 to 1 agst Harriett
25 to 1 agst Bastinado
METROPOLITAN HANDICAP.
5 to 1 agst Cheerful
25 to 1 agst Sir Gilbert
CHESTER CUP.
16 to 1 agst Miss Ann
20 to 1 agst Fugleman
20 to 1 agst Roland
20 to 1 agst Peep o'-Day Boy
25 to 1 agst Ellerdale
33 to 1 agst Lady Evelyn
DERBY. -
8 to 1 agst Ghillie Callum
10 to 1 agst Bolingbroke
11 to 1 aget Knight of Avenel
14 to 1 agst The Nigger
22 to 1 agat Clincher
35 to 1 agst Mayors—taken
50 to 1 agst Hardinge—taken
LINCOLN STEEPLECHASE.
5 to 1 agst Trust-me-not

IMPERIAL PARLIAMENT.

(THIS EVENING.)

HOUSE OF LORDS.
The LORD CHANCELLOR took his seat upon the Wool-
sack at Five o'clock.
The iDuke of Richmond presented a petition from
Rochdale against the relay system in factories, and
praying that the principle of the Ten Hours' Act Should
be carried out.
Lord BROUGHAM moved for certain returns re-
lating to the Bankrupt Acts Consolidation Bill of last
ses.ion.— Agreed to.

The Marquis of LANSDOWNE presented certain
returns relating to the Poor-Law Unions in Ireland ;
also returns from the Commissioners of Encumbered Es-
tates in Ireland.

DOLLY'S BRAE.
Lord STANLEY rose to move for copies of the cor-
respondence between the chief magistrate of Armagh and
the Executive Government, in the months of June and
July, 1846; also copies of any instructions to the con-
stabulary in reference to any processions expected to
take place on the 12th of July last; and of instructions
to the stipendiary magistrates who were specially sent
down to Castlewellan before that day; also copy of
official communications from the stipendiary ma-
gistrates and constabulary officers as to the proceed-
ings of the 12th of July, 1849, in any part Ulster; also
copy of instruction& to W. Berwick, Esq., accompanying
the Commission of the 27th of July, 1849; also, copy of
affidavits of John Jardine and John Porr, filed in the
Court of Queen's Bench in Hilary Term last; st; and of 1
the report annexed to the affidavit of Jobran IPorter,1Porter, and
copy of any official rfeirorltntdo
verified thereby; and also,
the Lord 'Lieutenant or the Lord Chancellor o
Of the proceedings at the Petty Sessions held at Caesatle-
miler' on the 11th of September and the 9th of October,
1d49. He assured their Lordships that he never felt more in need of their Lordships' indulgence
than ho did in bringing forward this mo-
tion, which went to impugn the conduct
of the Lord-Lieutenant of Ireland. lie did not impute
to his_Noble Friend any personal impropriety—he did
not impugn his motives, for he believed that throughout
--,,, tin administratton his Noble Friend had been actuated
by the .highes( motives; but he thought he had acted
without proper+ discretion. He had also to impugn the
_ conduct of the) F.,ommission sent down to conduct
~ the investikatio and also to impugn the conduct of
the Lord Chian I,ler of Ireland, for not protecting the
i
magistracy, 41 hich he was the official guardian. He
felt he
,h_aitikag labour against preposessions which
LertioVtertained,andiu which I e joined, against
4 i ----