The Sun.
London, England, 1850-08-02 00:00:00

MIDLAND RAILWAY.

On Wednesday a special meeting of proprietors of this
company resident in Liverpool was held at the Clarendon
Rooms in that town, in reference to the proposition
(for the conversion of the 501. shares) agreed to at the
general meeting at Derby. About thirty gentlemen
were present.
Mr. J. H. BRANCKER was callel to the chair. He
stated that the object of the meeting was to organize
an opposition to the measure which the directors had
carried at the late meeting, and which was so adverse
to the wishes and interests of a large minority. The di-
rectors, to carry out the plan, would have to bring a Bill
into Parliament, but he felt satisfied that if duly met so
inequitable a measure would never pass the Legislature;
but, if necessary, those who dissented must be pre-
pared to carry their opposition even to the House of
Lords.—(Applause.) It appeared, he said, that the
directors had adopted the objectionable change pro-
posed, in consequence of a bill in Chancery having been
filed; and in order to escape from the personal re-
sponsibility
thatwh he
ichwoinutlednded otherwisemost attach.
strenuouslyTheto
Cchaarirry-
ofroora tthpearotpiesposiitnionLo;ntdhoen d warrant him in doing
sowloicuiltationswbichhereceived
so, even were he not so well supported in Liver-
llecontendedthaetquita
no class
on
lienof shareholders
another
could
ol .aollnry opthr acquireie any in
shareholders; and if the
)it e
hofl eetogl
ph weread
to
ob e
done i lal
ce gt
eadl
acts
proprietary. If
responsibility
the
directors ctors
should rest. not on
upon only by their fears, and if one
tages injurious to the others, then the othereschtiaoornfehaoodflvdat
ehure
company could force them into a concessions.s
must also go into Chancery, and see what theycouled do.
He for one would recommend that they should
mence as soon as possible to take proceedings against°na
the directors to restrain them from carrying out
the inequitable proceedings which they intended.
The chairman proceeded to analyse the speeches
of Mr. Ellis, and of Mr. Carlautt, at the
late meeting, and concluded by moving, " That
in the opinion of this meeting it is essential for the in-
ftahieth Mamidolanngds t Ralalilewlassys,esanodf
forteretshtes
mofaitnhteenparonpeerieotfogrsooodf
stock and shareholders, that the personal and sectional
pretension of the 50/. shareholders should be opposed by
all legal and Parliamentary measures.
Mr. PENNY seconded the motion, in which he stated
that he cordially concurred; and after some words also of
approval and condemnation of the directors, from Mr.
Driffield and from Mr. Wills, the resolution was pat to
the meeting, and unanimously carried.
The CHAIRMAN moved the next resolution—" That
to organize and further such opposition, a subscription
should be entered into, no one to be responsible for a
further sum than that he should subscribe ; and request-
ing all shareholders to join in resistance to payment of
any further preferential or guaranteed dividends"
Mr. A. H. WYLIE seconded the motion, which was
also carried nem. dis.

A resolution was then carried that a petition contain-
ing the foregoing recitals should be presented at the re-
opening of Parliament, and the meeting terminated.

Dispatches were sent off last evening from the Colo-
nial-otlitefor the GoTernore pf ithe West India, Colonies,