The Sun.
London, England, 1826-09-07 00:00:00

ANGLO-MEXICAN MINING ASSOCIATION.

Tuesday a numerous rnee►ing of the subscribers took
place at the City of London Tavern, for tins purpose of
receiving the report of the Committee appointed at the
special general meeting of the Proprietors, held on the
Bth of August, to confer with the Directors upon the best
mode of providing the necessary means. for meeting the
engagements of the Society : Dtvm Banc:LAY, Esq., in
the chair. - .

The CHAIRMAN, in reading the report of the Directors;
which had been presented at the meeting of the 28th of
August, took occasion-to observe, that whatever doubts
might have before ekisted upon the subject of advanta-
geous operations in inines,. the latest accounts gave the
strongest assurances of rapid progress; and that a little
more perseverance would no• doubt secure all the advan-
tages originally anticipated. We understood the Chair-
man also to intimate, that the'contidence in the character
of the Association would be increased by enabling the Di-
rectors to accept the bills which it had been found mice.s-
saty to draw.
He then read the Committee's Report, which excited
great deal of interest.
Mr..SCHNEIDEtt could see that the CoMpeny had been
brought into great panic by the want of proper enemy,
but he trusted that now they would not any more be tied
up as to the outlay of their capital. Mr. Schneider then
detailed what had passid in the course of the deliberations
in the Committee, and in observing upon some correspond-
ence which appeared in one of the daily papers on the
Company's 'condition, he said, that replies to anonymous
correspondents only produced unprofitable argument.—
(Hear, hear.)--In alluding to the fall of the present slue
of companies, he instanced the case of the St. Catherine's
Mick Company, which had been conducted. in the most
judicious and honourable manner, and was protected by
Act or Parliament, notwithstanding which (we understood
him to say) 400,0004 of the stock was considered as anni-
hilated to the interests of the proprietors. •
A. Shareholder.—Are those persons who purchase the
forfeited shares at 101. each, and agree to pay 501; each a
twelvemonth hence, subject to the two calls to be made
now? • '

The CliAlfiliA/4 replied in the negative. Such pureha3era
were to be at no further expense.
M...SALOP4ONS (a shareholder).—Am I to, understand
that the two calls to be made now will clear away all the
present incumbrances of the association ?

The CHAIRMAN.—In the opinion of the directors, they
will; but the directors do not pledge themselves to that

extent

Mr. SALOMONS.—Have the concerns of 'the coMpiny
been so far examined as that it can be ascertained that the
payment of those calls will have that effect ? '
Several of the directors said, certainly not.
Mr. SAt.ostoks.-.--As to the accounts from Mexico, is it
to he concluded that two calls of M. per share will remove
theditlietaties that exist there ?

The CHAtiotAN.—All present difficulties.
The CHAIRMAN moved that the report should be received,
A Shareholder stated, that he certainly agreed in the ne-
cessity of at once endeavouring to remove the pecuniary
difficulties which existed at so distant *a scene of operation.
He should wish to know from the solicitor of the company,
how the 7th elauie of the deed had been ' carried' into ef-
fect, and whether legal 'evidence could be given Alit the
sharea were forfeited. It did not appear to him at all pro-
bable that any dispute should arise upon the subject m a.
court of law, but if by any accident he should be mistaken,
it would he desirable that the company should have the
law upon their side. He had heard that the letter. of
notice had been put into a bag, given to a porter, and by
him deposited in the Post-office. This surely was not suf.
ficient. The difficulties were more complicated than was
generally supposed, and the meeting ought not to proceed
to the resolutions just put, without guarding against this
possibility. It was, he must at the same time say, the only
objection that presented itself to him.

Mr. SCIINEiDER said, that. difficulty could be easily sat
at rest. He expressed a hope that any gentleman in that
meeting who had not paid up all his calls, would now come
forward and do so.

Mr. POWLES said, that the gentleman who had just ad-
dressed the meeting had advanced upon the most loose
and untenable grounds, and spoken erroneously in all he
had stated as to the forfeited shares.

The Shareholder was convinced of the validity of his
objection, notwithstanding this contradiction.
Mr. T. Wtt.soN said, that if it was found that the ser-
vice was not legal, the notices could be sent round again.
He wished now to hear some gentlemen say that they
were ready to pay .up• the. deposits. It would give confi-
dence. He had closely attended to .the ReprirtOttid' he
highly valued it. He Was not such an adMirer of the Di-
rectors .as to approvl of their conduct in letting the com-
pany so far into the. mire; without giving notice of their
condition; but that condition was the effect of cireurn-
stances, and not of any impropriety on the part of the Di-
rectors. A greater confidence would have been inspired
if the shares had been kept at par, but his was unabated,
and If he had a larger number of Shares than he was at pre-
sent possessed of, he should not hesitate to pay on every
one of them.

A Shareholder said, thnt the loan of 150,000/. was
wanted at the last meeting, and 'as it appeared that no
more than 70,0001. was likely to he raised by the proposed
measure, he should like to know what was to be done to
supply the deficiency ?
We understood the answer to be, that reliance was
placed upon the paying up of a great deal of the arrears.
How much, the Shareholder asked, has been paid up
since the last meeting ?
Director—Upwards of goo/. If the whole of the ar-
rears are paid up, there will be occasion for no more th"
two further calls.

Mr. F. WILSON moved that the report should be printed
for the benefit of the proprietors. This was agreed to, and
the meeting separated.

SINGULAR. PUNISIIMENT.---The Emperor of
China, in NM, convicted an eunuch of being con-
,cerned in a treasonable consipraey. The ennui)) had
been a servant of Keen• lung, the EmperOr's father,
and had received many favours during a long stay in
the Imperial Palace, the recollection of which, in con-
nexion with the eunuch's ungrateful treason, enraged
the Monarch so, that he determined so destroy the
miserable culprit by an unheard-of punishment. The
mode was this the eunuch was bound round with
cords and canvas, to which was added a quantity of
tallow and other combustible matter, to convert the
wretch into' a candle, which was lit up and consumed
at his father's grave.