The Sun.
London, England, 1826-01-07 00:00:00

KENTMI RAII,WAY COMPANY.

A Special General Meeting of ti Proprietors
of this Company was held yesterday at the ekibio% Tavern,
Aldersgsfe-street, for the purpose'of receiving the result of a
ballot taken on Saturday, the 24th Decembir, :TN:cable to a
Resolution passed at a previous general meeting. the object of
which wax to ascertain the sense of the shareholders on the ex-
pediency of empowering the directors to carry a Bill into Par-
Lament, for the farther prosecution of the measure originally
contemplated.--Sir JamES COCKBURN, Bart., one of the Di-
rectors, wax called to the Chair.

The CHAIRMAN said, that out of two hundred and twenty-
one shareholders who had voted, there appeared to be one
hundred and thirteen in favour of taking the Bill below Par-
liament, and one hundred and eight against it; it was fair,
therefore, to infer, that there was a probable success of the un-
dertaking. From the favourable light in which railways had lat-
terly been viewed by. Parliament, there was very little doubt that
the Bill would pass, and it was certain that shares Would then,
notwithstanding the depression in the money-market, increase
in value. The deprerised value of the shares was attributable
rather to remote than immediate causes; but, however, those
of the Kentish Railway Company were net at that. depler-
able ebb which some persons had imagined. One gentleman
last week had gold 60 shares at the price wifieb demanded
for them, and he entertained no doubt,.when the/thick' dense-
cloud which had so long overshadowed the money marker, had
passed away, which he was glad to find seas shortie to be ex-
pected, there would be no difficulty in obtaining sufficient funds.
to carry this meastiminto effete. He recommended a resolo.
tion to carry the BM through Parliament, and no further call
would be made than the single pound already advanced on the
shares. If the 13W, went through Parltament, the Directors
would have no power to make a further can, without the con-
eurrenee of the Proprietors.
A SHAREHOLDER—WiII those who tax their names to the
Petition incur any greater liability by doire4 so?
The CHAIRMAN said, as he was not a lawyer, he wns not
prepared to give any specific answer on that point. Every
holder of scrip would, course, have the privilege of signing.
SHAREHOLDER—I am thankful for the information, but I
shall not avail myself of the permission.
Another SHAREHOLDER—Nor I, I am sure.

The CHAIRMAN said, it was of course optional with every
gentlemen to do so or not. The Directors, however, were bound
to call on them to do so ; but though they " call spirits from
the vasty deep," yet will they come ? At the same time he
begged to be understood, that although some might not sign,
yet tt was not intended to debar them on that account from
any advantage which might hereafter Occur on the establish-
ment of the Company—(Hear, hear ! and applause)—providett
'the future calls, as might be agreed on by the Proprietors, were
paid up.
Air. Cr.artxt then moved the following Resolution: " That
after the Act for establishing the Company shall have been ob-
tained, the Directors shall not he authorised to take any fur-
ther proceedings in execution of the measure, without the sense
of the Proprietors having been niken thereon at a General
Meeting, to be called for that purpose." ,
Mr. Wastsr, of Leaderiliall-street, said that before the
Resolution was put, he begged to ask one or two questions.--
First--What number of 'barn had been paid on ?
CHAIR rakw—i think about 8,000, or perhaps shout 7,800,
anti all the deposits were paid.
Mr. WattNE cornplainect that the accounts had been kept
back ; and, although he had called fifty times at the ofilec, be
had never been able to see them. lie would rather get u por-
tion of his money back than incur the risk of losing more. He
therefore moved, as an amendment, that the previoutquestion
do not be put. *
Sir JOHN stivgLL remarked, that the Resolution was in.
tended as a check on the Directors, but the Amendment would,
have a contrary,efl'ect.
Mr. WARNt. Paid it aid not follow us a Matter of course,
beitaave those persona who voted for the measure thought proper
thereby to expose themselves to loss,. thxt he should put his
hand in his,ToCket to provide them with rondo, belota what he
had altindy paid. He would now gladly give up hity shares, if
'the Directors' would give him '.!51.
Colonel TORRt Ntt raid the money had rot only ben fairly,
but economically expended ; a work. of this nature coald riot
be even attempted without sonic cost; extensive surveys had
been mate of the CotintYof Kent, and Owe wire vL4ritios other
incidental charges whieh must Mae convened the !Uncle before
any thing could be done ; however, ,it, dirt not appear that tle
Directors had put ;he Proprietary la any expence on their oven
account; the Insinuation of misapplication was therefore mani-
feed,/ "tiajost. . .
Mr. Watt'ss replied at some leng'l', ,ushering to his fret de-
termination to hold the Directors reepoitsible, toptct to
the conversion of any gentlemans oloniori, that wam easily a:-
counted for; when a man is elevatett to -a Directorship, l'rus-
taeehip, or an tiditurphip, he 71)34, clair,ge his p()Altitni, lrnl
view things In anoiher.light. Jlt. ir• also raid, he ititerolul
nothing personal to any person concerned.ltbe Au.p.,,ndu,e" was then put, aril nvgiztived by a majority
of 113 ; the numbers being 23 to 6, —.The original morion was
then carnol; and after posing a vote of thanks to :h Chair.
man, the Aleeting (tit:solved.

Thy, I,,Howinif in Ptnoranduat is in Sir A M
itALTOMOS works:—" It6l, January the 12th. 'Phis dig
Limit—General MITIDIA:TON Was relearned k ri him eN'f• ninfu.
nictition, and did tiirn penance in sackeloth Dundetit ,4,tirch
artd Colonel ARCM IiAI.D.STnACII AN Watt excatramnie.;tt:ti,
and &livered to
.the Devil in the church of Perth, on the moue
day.