The Sun.
London, England, 1850-07-05 00:00:00

'
9 JULY 5, 1850.

power to do so, and the Committee decided that
he could not be heard. He wished for an ex-
planation of the evidence given before the Lord
Chancellor with respect to the making of the new
lines, because it was at variance with the evidence
given on oath before the Committee of the Lords. In
one case it was stated that they had money to finish
the line, and in the other that unless Parliament gave
:hem power to raise money it was impossible for them
to finish the line. He could tell them that 100,0001.
of their funds were now locked up in the purchase of
the company's shares at from 251. to 301. per share,
and it would be a question some day as to who would
have to pay the loss. He did not think they bad a
right to place confidence in the board. He contended
that the board was illegally constituted, because they
had dismissed from the board a qualified director
against his w ill, and therefore he considered that their
acts were illegal.—(Great disapprobation.)
After entering into matters of a personal nature
with respect to the chairman and other perties, the
Hon. Gentleman was stopped by cries of " Question"
and " Order."
The CHAIRMAN said he would not check Mr. Wil-
son while he was making those improper charges
against him ; he would leave the shareholders to
judge.—(Great applause.)
Mr. SCOTT objected to the course adopted by Mr.
Wilson.
Mr. HOYES remarked that no one had a right to
cast any doubt on the solidity of the company. It
was a most improper and unwise course for the share-
holders to pursue. Their great object was to meet
their liabilities, complete the works, and close the
capital account.
A discussion then ensued, in the course of which it
was stated that 500,0001. of the 1,000,0001. proposed
to be borrowed *ould go to pay off existing deben-
tures.
Air. BARLOW stated, that his estimates with re-
ference to the works were .500,0001. below the original
estimates, and there was no reason to expect that
they would be exceeded.
The CHAIRMAN explained that at the last meeting
it was decided to reduce the number of the directors
to nine, and that the board was legally constituted
according to the Act of Parliament. With regard to
the estimated cost of the undertaking, and the amount
of capital that would be required, they had been fully
stated at the last meeting. The bond debt of the
company now amounted to 1,176,0001., and the effect
of their financial arrangements would be to add
370,0001. to that sum.
The amendment was then put and lost.
Mr. WILSON proposed another amendment, to the
effect, that the meeting be adjourned until the direc-
tors shall have ascertained and reported upon the
amount requisite to complete the works and to pay
the bond debt now falling due.
The amendment was put and negatived by a large
majority.
The resolution authorising the directors to borrow
1,000,000/. was then carried by a large marjority,
only four appearing against it.
The proceedings concluded with a vote of thanks
to the chairman and directors.

[PRICE 5D.,

THE FRENCH REPUBLIC.

We have received the Paris journals of yesterday.
They all contain tributes of re:,pect to the memory
of Sir ROBERT PEEL, by whose untimely death,
" peace and civilization have," to , use words of the
Constitutionnel, "been deprived of one of their most
admirable defenders."

111. ARSINND MARRAST is now regularly installed
as one of the writers for the Credit. In the course
of a long article on the recent debate on foreign
policy in the English House or Commons, he thus
does justice to the merits of Lord PALMERSTON :
" His fellow-countrymen (says M. Armand Marra,t)
know that he has the eye open and the hand ready;
that, in place of sleeping honourably like Lord Aber-
deen, he is agitated even to disquietude by all that
touches the power of his country. Confiding with
humble and simple people, keener than the most keen,
itilesa towards disloyal trickery, he pursues with
all the haughtiness of a Briton the traditional
policy cf the Whigs, modified only by his own
nature, which.seems to have a horror of repose. Add
to that, oratorical powers of the first order, and which
never showed themseves so supple as on this occasion.
He appears to have been determined to differ from him-
self; neither sarcasm, nor challenge, nor petulance, but
an admirable continuation of clear recitals and sober
arguments, a calm exposal 'of all the political acts in
which he bad taken part, an historical summary so ably
connected together, that his ju,tification was reflected
from it as light is from a glass. What, besides,. is the
most striking matter in the whole, is the half-hidden
point of the speech. He there speaks with reverence of
the enterprises of Russia; but one feels that this rival
power is the real moving power of the recent acts of
Lord Palmerston. A formidable English force in the
bay of Salamis to terrify the Greeks 1 That would
be highly ridiculous. But remember that Austria
had just plied herself under the guardianship of
Nicholas ; tiatit the hand of the Czar presses heavily
on the Danubian . provinces ; and that he had
just claimed in a haughty tone the Hungarian refu-
g;ees who had found an asylum in the states of the
Sultan. It is then that the English fleet appeared in
the Dardsnellav, and when Russia gave way on that
point, Lord Palmerston goes and proves to Greece that
the protection of the Czar is powerless when England
chooses to brave it. All this affair of Greece, violent
and puerile at the same time, is only serious when its
real origin is looked to. Such is, in my idea, the double
character and the double bearing of the discussion
which has just taken place in the [louse of Commons.
On the one hand, a great English interest, of a perma-
nent character, and which ought to arouse ail her
vigilance—the aggrandisement of the Russian power;
and, on the other, a more geneal idea, but which springs
from the other—to defend the threshold of the English
power against accomplices of these oppressive and
despotic powers, which, thanks to a similar turning
round, executed sixty years back, covered Europe with
blood and ruin."

General BEDEAU having refused to be brought
forward as a candidate for the Presidency of the N a-
tional Assembly, there is no longer any doubt of the
re. election of M. DUPIN. . .

The Ministerial measure on the press meets with
such universal reprobation that it will, it is said, be
withdrawn.
The levy of seamen had been interrupted, by order
of the Minister of Marine. The Minister has now
given orders to continue it in all the ports. The ship-
owners and fishermen, whom the levy injures consi-
derably, have sent delegates to Paris to represent to
the Minister how injurious the late order is to com-
merce.
PARIS BOURSE, JULY 4.—Latest Prices.—Five
per Cents., 94f. 60e. ; Three per Cents., 56f. 70c. ;
Bank Actions, 2,185 f.

BUSINESS DONE 1N FOREIGN RAILWAYS AT THE
1,91°4 DUN STOCK-EXCHANGE, JULY 4.
Boulogne and Amiens, 6 L/2—Central of France (Orleans
and Vierzon), 13%—East Indian, 7A—Great Indian Penin-
sula, 54—Luxembourg, Pi —Ditto, 24—Namur and Liege,
7—Northern of France, In—Orlears and Bourdeaux, %
—Paris and Rouen, 23—Rouen and Havre, B%—Tours and
Nantes, 2.