The Sun.
London, England, 1857-12-17 00:00:00

757ir T't LONDON, THURSDAY
EVENING, C R 1 8 6 7
8. U. 4 PI

South-Eastern, 1/. Great Western, North-
Western, Midlands, Scottish North-Easterns,
and Vale of Neath declined ss. The Foreign
lines are inactive, but prices are a shade firmer.
Northern of France advanced 10s. ; Dutch Rhenish,
ss. ; Great Luxembourg, ss. In the Colonial un-
dertakings prices wore depressed. East Indian re-
ceded ss. ; Grand Trunk of Canada, 10s. ; and the
Debentures, 10s.

Mining Shares are quiet. Cobre Copper are
dealt in at 39k, and Alfred Consols at 13.

Joint-Stock Bank and Miscellaneous Shares are
a shade firmer. London and Westminster im-
proved ss. ; and Union of London, ss. In the
Miscellaneous Market no change of importance has
taken place.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Ojfictal
Businessdone.
per Cent. Reduced Annuities 9ls
3 per Gent, Consols Antwities Shut 92a
Now 3 per Cent. Annuities 9l- 3 a
[Ala Bonds, 11000
T)itto, tinder £lOOO 35 d
Um, sots for Account
Ezdiequor 2V,
1000
S atilt
Fxchequer Bonds, 1808, 3i per Cent 99 81
Ditto, ./.859
PR i.CES OF FOREIGN FUNDS AT ONE O'CLOCK.
Grenada New Active, 21 per Cent.
Ditto Deferred SA
iardinian lion4s, 5 per Cent.
Ditto Account B5
por Cent.
Ditto Account
ttc ew Deferred, 3 per Cent.
Ditto Account
T us 1,-ends, 6 per cent
Ditto Account 94 1
Ditto Guaranteed, 4 per Cent.
Dividends on the above payable in London.
TWO O'CLOCK.
. 91 a d

Consols for account

CRYSTAL PALACE COMPANY.

(MEETING THIS DAY.)

An extraordinary meeting of the shareholders was
held this afternoon, at the Bridge-house Hotel, to elect
four new directors, on terms of the resolution of the
general meeting of the 13th Aug. last, to receive a re•
port from the directors, and to consider the propriety,
and, if thought expedient, to authorise the directors,
under the 11th section of the Crystal Palace Act, 1856,
to effect agreement with the proprietors of shares in the
company, for the conversion thereof into tickets of ad-
mission into the building and grounds of the company.
The following gentlemen offered themselves for seats
in the direction :—Mr. Henry Sandford Bicknell, Mr.
George England, Mr. Charles Horsley, Mr. Reginald
Read, Mr. E. P. Spiller and Capt. B. Walter. Most of
the addresses, issued by the candidates were very divert.
ing, promising all sorts of advantages to the shareholders if
sent into the direction. Mr. Spiller enforced his peculiar
fitness for the office in the following terms:—"ln addition
to my pecuniary qualification I have for many years
taken a deep interest in the promotion of the fine arts.
I have travelled all over Europe, an d have visited the
principal cities and towns in France, Belgium, Holland,
Prussia, Austria, Sardinia, Switzerland, Naples, and
the Italian States, and spent a considerable time in the
i❑spectien of the public buildings, museums, galleries
and collections of art in those cities, especially those
of Florence, Pisa, Dresden, Milan, Venice, Genoa,
Rome, Naples, and Pompeii. Notwithstanding the
earnest appeals of expectant directors, and the exciting
add-esses which were printed for distribution, the atten-
dance of the shareholders at the commencement of the
business was very scanty.

Mr. T. N. Faugusiensosr, chairman of the Board of
Directors, presided. The report an (abstract of which has
already appeared in The Sun), was taken as read. He
said that the principal question which the share-
holders would have to consider was the taking
up of the debenture stock, for unless the share.
holders did this there would be very little use in die.
cussing the remaining business for the whole interests of
the company were involved in the proposition, he should
have to make upon this subject. He found that
Mr. Fuller had published a letter in which the fol-
lowing statement appeared—" If I read the report of
the directors correctly it appears that they have now
brought the affairs of the company to a stand still no.
less you will immediately place at their disposal 220,000/.
more." Now that implied that debts had been contracted
and that this was wanted to meet them, but such a
statement conveyed a totally erroneous impression.
He might state that the capital of the company had
been practically closed since 1855. Everything bad
been paid, and at present there was no undisputed
accounts Every debt that had been incurred had been
paid out of revenue. The capital in round numbers stood
thus, it present an original borrowed capital 1,000,0001.
on debenture debt, or what the directors now proposed
to substitute, a debenture stock, 250,000/. ; preference
capital, 150,0001.; making a total of 1,400,0001. Against
that they had the freehold of the building, with 200
acres of land, the building and its contents, and the
surplus revenue for the present year of 10,000/. or
12,0001, He asked the shareholders to protect the
directors from incurring temporary losses in order to en-
able the company to tide over its present difficulties.
Since the publication of the report he had received nu-
merous promises of support. The Duke of Devonshire
had proposed to take 2,5001. additional stock. He
moved the following resolution
That in the opinion of this meeting it is of the utmost
importance for the interests of the cempany that the
balance of the amount of debenture stock, authorised by
the resolution of the mooting of July 30, 1857, should be
forthwith subseribed, and this meeting pledges itself to
use its best endeavours to attain this object, and requests
the directors to provide a form of application for subscrip-
tion to the stock to each shareholder in the company who
has not already taken up his allotment, with a copy of this
resolution, and with an earnest appeal to come forward
and lend his aid, by himself and his friends subscribing
to the stock ; and in order to sccure the substantial relief
of the company, it shall be a condition of this subscription
that a sum of not less than 120,00/. on the whole shall be
subscribed before the individual subscriptions shall be held
binding•
After a slight discussion of an amicable nature, the
resolution was carried unanimously, a remarkable cir-
cumstance in connection with the meetings of the com-
pany.

The CHAIRMAN moved the second resolution, as
follows :—" That the terms of the report presented
to the mee ing to-day to the board of directors, be, and.
are hereby authorised to agree with any proprietor for
the conversion of the shares in the company into tickets
of admission into the building and grounds of the com-
pany, pursuant to the 11th sec. of the Crystal Palace
Company Act, 1856, and that the board of directors be
requested to pass a resolution authorising admision by
these tickets to the palace and grounds on Sunday alter•
noons as a gratuitous privilege, and without any money
payment io be made directly or indirectly to the com-
pany for such privilege.
Mr. BILLINGS asked if the eating and drinking was to
be permittet on Sundays ?
The CHAIRMAN—Yes, under Christmas-day and Good
Friday regulations.
Captain Yourso moved an amendment, " That the
admission of visitors to the Palace and grounds on any
part of the Sabbath, by any means, was a violation of
the law of God. (Hisses and cries of "Oh, oh
This, tin a commercial nation," &c., &c. The mover
was proceeding to refer to the commandments forbidding
work on the Lord's Day, when
A SHAREHOLDER suggested that the less theological
the argument was made the better.
The CHAIRMAN also urged on Captain Young the
proprietyof abstaining from discussing the question in a
theological manner.
Captain YOUNG said the proposition was also in
violation of the charter. He adopted his present c urse
from a desire to do to his neighbours as he wished to be
done by. He believed such a course as that proposed
by the directors would be a serious injury to every
class of the community. He denied that they
were to look at the undertaking as a commercial
transaction only and ignore the law of God. It was to
that, he believed, they had to attribute much of their
present unfortunate difficulties. (Cries of hear, hear,
no Exeter-Hall lectures, hisses, &c., &c.) The hon.
gentlemen continued to address the meeting, amidst
considerble disturbance, saying that the voice of the
public was as 30 to one against such a movement.
The CHAIRMAN said that he approved of doing to his
neighbour the same as he wished to be done by. He,
gassruonuddniardyesc
ftoronor
in, a
splouivsnisdneagsyse,idnantdthhaeevanpilereiidgvilege of entering the
it
and e v e
hr ye
(wHi sehaerd,
ht oe a
re. ten dT that
he
charterprivilege
d dbht
ooi
shareholders.mutnrhsoheetlofoodf,
) contemplate
the admission of shareholdera, and with reference to the
clause in the charter closing the Palace on Sunday,
had been stated by the Earl of Derby that it was ,it
intro-
duced under a mistake. (Hear, hear.) Tne shareholders
in the Crystal Palace Company only asked for the priv%
lcges enjoyed by the fellows and members of thei
Zoological and Botanical Gardens.
Mr. Lows considered that Captain Young had been
used exceedingly ill by the meeting in not lis-
tening to him, He (Mr. -Lowe) was opposed to
his brother directors on this point, both in a religious
and commercial point of view, and he proceeded to
argue that as a commercial speculation the proposed
change would result injuriously to the undertaking.
He believed it would cost the company 30,0001. to
gain 5001.
latTiohne. CHHAelßll%)teAliNevs:idd thethe
rreessunlltt wwaesu al
drnhaet te of s pu.
differente c
to
that stated by Mr. Lowe,
and he asked the company to
try if. If it was found to be a
failure they could easily
retrace their steps.
[We will give the conclusion in our last edition.]