The Sun.
London, England, 1850-09-05 00:00:00

to make his remarks in a spirit of ill-feelirg or per-
sonality. He held in his band returns of the com-
pany's income atdifferent periols, as furnished by the
secretary, and be found that their average weekly
income from Octaer brit was 721. Now the liberal
system of advertising adopted by the board increased
this income, by the February following, to the weekly
average of 1121. In the month of• March, when
their adverti'ementa were materially reduced, the
average weekly income fell to 941 13s. ; in April it
fell to 741 5;. ; in May, to 561.; and in June it had
dropped off to 421., being just one-third of the average
weekly income in the February previous. By that
time the directors became alarmed, and to check so
remarkable a felling off of revenue they resorted to
an extended system of advertising, by the end t.f June
In July the effect was that the income •rose to 611.
16'. per week, and during the first three weeks of
August last, for which they had the returns, it had
increased to 681. a week. They might depend upon
it that, by ad••pting a liberal system of advertising, ii.
February, 1851, they would not only realize the
weekly income of 1121. which they formerly derived,
but a much larger sum. A company like that ought
to he obtaining an income of 2501. a week at least,

The CIiAIRMAN explained that the conduct of the
directors had been solely dictated by a desire to
economise the funds of the company, but finding by
experlonce that curtailing the advertisements did not
answer, they had gone back to their previous scale of
advertising the company. The chairman was then
about to enter into some personal matter.; relating to
differences that had atiten between Mr. Stevens and
the directors ; when
Mr. CATTLEY thought that a discussion of such a
nature as the present ought to be avoided. The
shareholders hal every confidence in the directors,
who, as good men of business, had tried to economise,
but finding they were not successful they had altered
their policy.—(Hear, hear.)
The report and the statement of the accounts were
after some further discussion unanimously agreed to
Mr. Jonas WILSON then proposed that the cordial
thanks of the shareholders are due, and are hereby
respectfully tendered to the board of directors for
their able management of the affairs of the company,
and also for their gratuitous services and devotion to
the interests of the proprietors. He hoped by the
next meeting they would be able to offer their direc-
tors a more substantial reward. _ _

Mr. JAMES NEtIIITT seconded the motion, and in
doing so stated that, from the small experience he bad
in travelling, he telt astonished a► the readiness with
which parties aesured themselves at railway stations,
when it was only stated to theta what they were
likely to receive from doing so. A case had oc-
curred to him of rather a singular nature. He was
upon one occasion in a rail way carriage, and was men-
tioning to his fellow-traveller the benefit of the Rail-
way Passengers' Company, when every one of them
left the carriage and procured a ticket of the company,
securing them through the whole journey.
The motion was unanimously agreed to.

Mr. CATTLEY thought the proprietors ought not to
separate without moving a rote of thanks to their ex-
cellent chairman. He considered that the share-
holders were greatly indebted to him for his gratui-
tous exertions, and he trusted that the time was not
far distant when those exertions would be, he would
not say amply, but at least in some measure rewarded.
The meeting had already carried unanimously a vote
of' thanks to their directors, and as the head of that
diteelon was their chairman, he thought they could
not do less than gibe a special vote of thinks to him
for the unvarying ceurz.e he had pursued for the be-
nefit and interest of the company.
Mr. LEE STsveNs felt great pleasure in seconding
•he motion. He had given great trouble to the
hairman in many respects and es an act of justice
ht felt bound to say, that of all the public companies
with which he had been connected he had never re •
ceived from the chairman of any of them more kind-
ness and polite attention than h.- had done from the
present chairman.—(Hear, hear)
The CHAIRMAN, in returning thanks, assured the
shareholders that the directors would, as they had
hitherto done, give their most patient attention to the
business of the company and the interest of the share-
holders, and all that he hoped was, that at the next
meeting they would have a far more satisfactory re-
turn to make ; but he begged of the proprietors to
feel assured that in making that statement he consi-
dered that the report and the statement of the ac-
counts that had been laid before them that day were
highly satisfactory—(Hear' hear)—and that ere long
the present company would be one of the most pros-
perous in the country.—(Hear, hear.)
The meeting then broke up.