The Sun.
London, England, 1826-09-14 00:00:00

Yesterday a meeting of the sharehOlders of the above
Company was held at Batson's Coffee-house; Cornhi
pursuant to advertisement. Mr.' W. CLARK in the Chair.

The CuAutsuN, previously to his entering into the busi-
ness, begged to make one or two remarks about tke Bri-
tish Iron Company. He had received various letters re-
specting the assertion Mr. Shears, one of 'the Managing
Director's of the British. Iron Company, had made at the
meeting_ held at the City of London Tavern, that he (Mr.
Clark) was rejected as a proprietor, on account of his
having used threats. That assertion',was most unfounded.
He (Mr. Clark) had sent his shares into the office to be
regiStered in his name, and the Directors refused to permit
that form to take place. If he had been admitted, he
would have thrown such-a light upon the affairs of the
CoMpany, as would have excited the strongest pub-
lic indignation, and have reflected very seriously upon
Mr. Shears. The Directors of the British Iron Com-
pany were aware of this, and declined to admit him ;
hat the public should be furnished with the detail, at
Some future period, of this most shameful bubble.—(Hear,
hear.)—Mr. Clark then stated that at a former meeting
the shareholders were induced to believe that they could
obtain their property in an amicable manner, through the
intervention of a person who unfortunately failed in all his
attempts, and it was then the duty of the shareholders to
devise some other means to bring the direttors to justice,

as there could beno.doubt that the money had been grossly

Misapplied. The facts of the concoction of this Company
were, that a Mr Sinclair purchased a small portion of wound
from a Mr. Bailey, for which he paid 1501., and, no doubt,
Mr. Sinclair, at the time, had the intention of 'forming a
joint stock company of it. A Mr. Hodgson immediately
after pureha.seil the same property from Mr. Sinclair for
550/. and they, with other gentlemen, formed a joint
stock company of it, and sold it to the shareholders for
-2,100/. This plan was precisely in unison with the one
adopted in the Cornwall and Devon Mining Company, but
it was on a smaller scale. When the parties were sum-
moned before the Lord Mayor, his Lordship entertained
not a doubt that the affair was one of a very 'suspicious
nature. Even Mr. Hodgson in exculpation of himself
stated every think that was false, and the Lord 'Mayor
desired him to desist, as the reverse of his assertion was
sworn to. The Alliance Granite and China Clay Com-
pany grew out of another—the Alliance Mining Company.
The latter having failed, the projectors started the former.

Mr. Scukß observed, that the Alliance Mining Com-
pany was introduced into the share-market for the express
purpose of having a " rig" in A laugh.)—And as the
Directors had not money to work the shares in the market

they obtained the acceitanee of a Captain Anset for 6001.
winch they endorsed to Williams; the bankers; but owing
to dome utegularity on the part of the bankers, the bill
was not presented when it became due, consequently the
Captain had to pay the bill. The 60(1/. wus applied- to
raise the shares to a premium in the market; but in con-
sequence of Daniel Whittle Harvey having. sold 160, shares
when they Were at a high premium, which shares the Di-
rectors were saddled with, the project failed.—(A laugh.)
The CHAIRMAN then stated, that, Mr. Lane had. called

upon
him, and stated that at a meeting at Mr. Florenee's,
the solicitor (Mr. AnStice) finding that the mines had not
been visited by any of the other partiesond no report hav-
ing been made to form a judgment of their value, refused to
sanction the payment of any money for the purchaie, and
said he would have nothing to do with the concern. Mr.
Lane further informed him that a deputation was•then
formed, and some of them went down to inspect the pro-
perty, but were so disappointed at the worthless appearance
of the spot pointed Out to them, that they actually mimed
another property. Mr. Clark then stated the plan had
succeeded at the time, for the deposit money was.paid into
the banker's, and drawn out without the consent of the
secretary, and the directors refused to account for it.
A Shareholder required to know the Directors' Damps,.
Mr. SCURR then read from the prospectus, the follow.-
ing names as Directors :—John Bleaden, Esq. 47, Loth-
bury; William Hodgson, Esq., Stoke Newington; Robert
1 lone, Esq., Brixton-hill ; Thomas G. Noreot t, Esq., Pen-
' totrville • John Roberts, Esth 444, Lothlntry ; and Richard
Walter,Esq., victualler,. and .1. Borroduile, Esq. auditors.
Mr: CLARK said, that about the time bubbles were in
fashion, those gentlemen introduced HO many schemes, to
the publie from their offices 'iu Lothbory, that they were.
termed the " Lothbiiry Gang.'! He begged that-'Mr.
Vigurs would give any information he was in possession of
to the shareholders.
Mr. yiGuits Said, that all he had to say was, that he had
fortunately got back his money through Mr. Fenton, and
had no doubt but that, were the shareholders to adopt the
same course, they would get back theirs, as from the word-
ing of the receipt 'given by the bankers, they made them-
selves liable.
Mr. Setmn.—The. money was paid by the 'Directors,
who instructed thoir banker to pay Mr. Vigurs; as they
were afraid of hint he being in possession of• the secrets
and tricks of the Directors.
Mr. Violins said, that be Was solicited to become a
Director, and attended it meeting at Mr. Florence's, the
solicitor, where the minutes of a meeting were read, and
he was required to authorize the sum of 2,100!. to be
drawn from the bankers, which sum had been taken out
four days before.—(Shume, shame, and laughter.)—Mr.
Florence said he knew nothing about it, and that it west
('lone without his consent, and he (Mr. Vigurs) found the
business so infamous, that he left the room with disgust.
Mr. Hodgson, who purchased the property from Sinclair,
declined to be a Director in the first instance nutil he sold
the property, then he became a Director.
Mr. CLARK said, that Mr. Bleaden stated before the
Lord Mayor that Hodgson was not a Director, but Everett's
books would prove the assertion incorrect.
Mr.' SCURR said, that the letter which was addressed to
the bankers, huthorising them to pay:the ,money in their
hands, on account of the company, was signed by Mr.
Hodgson, and whose signature was honoured when signed
to the checks.
Mr. CLARK, in alluding to Mr. Wilke, obserVed thq
that gentleman hid addressed a letter to the newspapers;
denouncing the press and stating, what terrible things he
intended to do. The Times newspaper acted upon Mr.
Wilkes own plan. It= rejected his letter without being
paid for it, not being it cheap newspaper.—(Loud
laughter).—The existence of this company was a strong
instance of the credulity of the public. '1 he humbug was
as complete as far as it went-viz. to the extent of a few
thousands—as any he had known. The deed of settlement
had been signed by no more than eight persons, and seals
were put and prepared for 225 other signatures. A pro-
secution was, in his opinion, the only remedy—the only
chance of restitution.
Mr. SCURR said, he apprehended that was the fact. lie
would much rather have the money he had paid us. depo-
sits, than go to the Old Bailey for satisfaction.
This seemed to be the general feeling of the room.
A Shareholder.—Who, in the name of God, wax it that
concocted this humbug ?
Another.—Why, Hodgson, to be sure; every body
knows that. He inditced me to take 20 shares in the
General Mining Company, ‘vhieti said was the- finest
speculation in t explored woli'l•
A third.—Where are they ?
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On Friday last, a fine covey of partridges flew from
the. land on boartt,llll oyster smack in Shoreham har-
bour. There were seven birds, five of which flew on
board,
wone in the water, and one on the water's edge.
They ere alltaken, and brought alive to Brighton.—
Brietton Gazette,