The Sun.
London, England, 1845-11-12 00:00:00

THE SUN,
_LONDON. WEDNESDAY EIrtSING,,NIOVEMBER 12, 1645.

NORTHERN AND EASTERN COUN-
TIES, RAILWAY COMPANY.-(THIS DAY.)

A speCial general meeting of the proprietors of this-Com-
pany was held to-day, at the Shoreditch station, to consider
the proposition made by the Eastern Counties Company, as
agreed to at the recent meeting held at the London Tavern,
and presided over by Mr. Hudson, with a view to a
more complete union of the two companies.
Mr. KINNAIRD occupied the chair on the occasion, in the
absence-of Mr. Paterson. .
The SECRETARY having read the advertisement calling the
meeting,
The ()lummox addressed the proprietors in explanat ion of its
objects. It was to consider the propriety of agreeing to a resolu-
tion which it would be his duty to lay before them, arising out
of the altered circumstances of the Eastern Counties Railway
Company. He had to apologise for the absence of Mr.
Paterson, the Chairman of the Board of Directors,
as the resolution to be submitted to them was a
financial one, and he was peculiarly qualified to
deal with it. Mr. Paterson was prevented being
present by a serious accident, which had confined him for
five weeks. With the assistance of his colleagues, however,
he (the Chairman) would endeavour to place the question to
be considered before them. At a recent meeting of the
Eastern Counties Company, presided over by Mr. Hudson, a
resolution was agreed to, that it was necessary to
carry out the line from London to York, as an
integral scheme. It was considered that a complete line thus
carried out, under one management, would be much better
for the public and the proprietors, than under several differ-
ent interests, as at present. Where there were separate in-
terests jealousies were apt to arise, and checks and difficulties
to present themselves. He did not say that was the
case in the present instance; still there had been circum-
stances that interfered with the harmonious feeling which it
was necessary should exist. The Honourable Gentle-
man having explained the nature of the existing
agreement between the two Companies, guaranteeing to
the Northern and Eastern Counties five per cent.
on their capital, with other contingent advantages, pro-
ceeded to explain the resolution to be submitted to the meet-
ing. It was in effect, whether they should be content
with the 5 per cent., as now guaranteed, with the chance
of 1-3 of a penny dividend on a million of capital,
or by making a temporay sacrifice—for it was only
a temporary one—secure to themselves a rateable
benefit on nine millions of money. They (the present Com-
pany) would stand in the same position as before, as it re-
garded the guaranteed five per cent. as per agreement; but
by consenting to the present proposition, they also secure a
rateable interest in the whole concern, and participate
in the general benefits of the whole extension. They would
also have an advantage in the distribution of shares, as they
would have two 20g. shares given them for every 501. share
now held; while the Eastern Counties would only have a new
one for every proprietor's share. If the Eastern Counties
Company did not get their Bill for the extension of the line
to York, then there would be no bargain, and they would
stand exactly in their old position. With regard to
that portion of the scheme, in which an offer was made
to the London and York, they had nothing to do
with it, though he thought it would be the interest
of that Company to accept it, but as the distribution
of the new shares would depend on the acceptance of the offer
by that Company, should they refuse, another meeting of
the present; proprietors would have to be called, and the dis-
tribution of that unappropriated stock settled. The Chair-
man concluded by moving a resolution lo the effect that
the proposition of the Eastern Counties Railway Company be
accepted on the arrangement offered, viz., that of 5 per cent.
on the million capital invested, according to the present
agreement, the Company to take up new shares to the ex-
tent of another million in the extension scheme, and to par-

ticipate in the share of profits divisible on that new stock, at
the same rate per cent. as the other Companies that were
subscribers to the new stock."

The motion being seconded,
DAVID SALO3IONS, Esq., rose and said he had listened with
great patience to the able statement of the Chairman, still he
must object to the proposition. It was not fair or equitable,
and did not secure the Northern and Eastern Counties that
position to which they were entitled. Looking at the value
of the shares of the two companies he could not see what jus-
tice there was in the proposition.
Mr. LEVI was decidedly against the resolution. He con-
sidered the Eastern Counties proposition all humbug. He
owed allegiance willingly to Queen Victoria, but he would
yield no allegiance to King Hudson. He moved an amend-
ment that it be rejected.
Mr. BELL defended the resolution as advantageous to the
Company, stating that they would be secured their 5 per
cent. as before, and by merely giving up a chance of receiving
one-third of a dividend on a capital of a million, after the
agreed on dividend was paid—an arrangement which as yet
had yielded them nothing—in lieu of a chance of a rateable
dividend on 9,000,000 the whole capital that would be repre-
sented by the complete line from London to York.
An HoN. PROPRIETOR moved another amendment, that

the resolution submitted by the Directors be not agreed to,
and that should the Eastern Counties Company require ir,
the agreement between the two Companies be given up on
condition that the former pay an increased rent charge. ,
This amendment being seconded, a long and animated dis-
cussion took place pro and con—those in favour of the resolu-
tion contending that it was highly important for them to secure
the traffic of the north of England, as by a full develope-
ment of that the northern and eastern traffic would be doubled,
besides other benefits that would be realised; and those in
support of the amendments, maintaining that the present
Company was not a speculative one ; that many had embarked
in it trust, and other moneys of that nature
on the faith that it was not such, and that
it was not well for them to enter upon a hazardous scheme
like the one projected, which would bring them in col-
lision with hostile parties without any certainty of success.
The CHAIRMAN, after consulting with the Directors said,
that though they (the Directors) had been unanimous in
recommending the resolution submitted, still they considered
that difficulties might arise respecting those who had invested
trust-moneys in the Company; therefore. if they left the
matter in the hands of the Directors, they might arrange
with the Eastern Counties Company for a larger guaranteed
dividend than 5 per cent., in order to give the parties
referred to an option of withdrawing, instead of going
into the extension scheme. He still thought they
could not better secure their interests than by agreeing to the
extension scheme. They ought at least to look well into it

ere they decided.
Mr. FELL suggested, from what the Chairman had stated,
that it would be better to adjourn the meeting, to enable the
Directors to see it they could not negotiate better terms with
the Eastern Counties Company.
The movers of the amendments at once consented to this
course, and the Directors having agreed to withdraw their re-
solution, a unanimous vote was come to that the meeting
do stand adjourned till Wednesday the 26th instant.
The meeting, after a vote of thanks to the Chairman and
Board of Directors, then adjourned.

COURT CIRCULAR.

WINDSOR, TUESDAY.

The Queen, and her Royal Highness the Princess Augus-
tus of Saxe Cobourg, attended by Lady Portman and
Madame Angelet, took an airing this forenoon, followed in
another carriage by Lord Byron and Sir Frederic Stovin.
Their Royal Highnesses Prince Albert, the Duke of Cam-
bridge, the Duke Ferdinand, and Prince Augustus, and his
Serene Highness the Prince Leopold of Saxe Cobourg and
Count de Jarnac, attended by Colonel Wylde on horseback,
went out to shoot this forenoon, and returned to the Castle
before two o'clock, owing to the rainy state of the weather.
Their Royal Highnesses the Prince of Wales, Prince
Alfred, the Princess Royal, and the Princess Alice, were
taken their accustomed airings this morning.
Sir Henry Wheatley took his- departure from the Castle

to-day.
The very unfavourable state of the weather prevented the
royal party from leaving the Castle this afternoon.
Her Royal Highness the Duchess of Kent, Lady Anna
Maria Dawson, and the Baroness de Speth, will join the royal
circle at dinner this evening.
The band of the 2d regiment of Life Guards was in at
tendance during dinner. Her Majesty's private band after-
wards attended in the Castle,

Sir Robert Peel left his residence in Whitehall-gardex
yesterday morning, for Drayton Manor, Staffordshire.
The Right Hon. Sidney tierbert has left town for Wil
shire.
The Earl of Haddington has left town.

Prince and Princess Nicholas Esterhazy and family
have arrived at Thomas's Hotel, from Brighton, and in a
few days repair to Middleton Park, the Earl of Jersey's seat,
near Bice ter.
USE OF ACORNS AS FOOD.—A correspondent says,
" In the present anticipated dearth of food, I would suggest
the use of acorns—a species of esculent much used in Spain
and Italy. lam aware that in use in those countries is the
sweet acorn; whether the bitter properties of our English
acorn might not be extracted, and so rendered at once palat-
able, as it is certainly most nutritious, is a question I must
leave to those better versed in chemistry than I am. This
hint is thrown out in the hope it may prove useful."
THREATS OF INCENDIARISM IN BERKSHIRE.—The
spirit of incendiarism has, we are sorry to hear, manifested
itself in a portion of Berkshire. Mr. W. Rixon, of the White
Hart, Faringdon, wishing last week to thrash out a rick of
barley, employed a machine for that purpose, and on the fol-
lowing morning he received by post a letter, threatening to
burn his farming stock if he insisted on using the machine,
stating if that was not used, more labour would be required.
The handwriting was not bad, and the letter was stamped.
THE JESUITS AT LUCERNE.--Intelligence from
Lucz...rne announces that, on the report made to the Graud
Council, the imprisonment of Dr. l'fyffer has been main-
tained. M. Balthasar, one of the members, had demanded that
the docum,,nts relative to the prooceedings should be placed on
the table, in order that it might be judged if the arrest was
justified or not; but it was decided that this demand should
not be complied with. Dr. Pfyffer himself applied in writ-
ing to the Grand Council to be set at liberty, but the appli-
cation was not opened until just as they were going to vote.
In his letter, he requested to be allowed a candle by night,
as lie was not accustomed to remain in bed for fourteen
hours at a time ; he demanded also better treatment in ge-
neral. The Committee appointed to investigate the matter
was composed almost exclusively of friends of the Jesuits.
After Dr. Pfyffer had been thrown into prison, Captain
Meyer, and the Registrar, Haber, examined his papers, and,
after being so occupied for several hours, at last placed them
under seal.
BURGLARY IN THE ClTY.—Yesterday morning be-
tween one and six, a robbery was committed on the premises
of Mr. Morgan, a licensed victualler, at the Three Cranes,
Queen-street, Cheapside. The robbery was discovered by
the barmaid, who, on entering the bar about six o'clock, per-
ceived the cash box broken open and various papers thrown
about the floor, when she immediately aroused Mr. Morgan.
On his arrival it was ascertained that 911. 10s. had been
taken from the cash-box, and upon further search it was
found that an additional 301. had been abstracted from a pri-
vate drawer, making a total loss of 1211. 10s. It is presumed
that the thief must have secreted himself in the back part of
the premises over night, and from thence obtained admission
to the tap-room.
FIRE AT A HAT WAREHOUSE.—Yesterday morn-
ing, about three o'clock, as some theatrical gentlemen were
passing a hatter's shop at the corner of Tavistock-street,
Covent -garden, they discovered an unusual light. A fire
was raging very furiously, and they instantly sent the ne-
cessary information to the Chandos-street fire station. As-
sistance soon arrived, and the necessary precaution of keep-
ing closed the shop door was adhered to ; but although plenty
of water was procured, and notwithstanding every exertion
on the part of the firemen, the stock in the shop was nearly
consumed.
Colonel Gore Langton, in consequence of the
fa litre of the potato crop, has given directions to his steward
to return the Is ho'.e cf the last year's rent to the holders of
allotments on his property, 154 in number. —Bath Herald.
We believe we may state, with certainty, that Sir
Robert Peel has bestowed the deanery of Westminster upon
Dr. Buekland, the well-known professor of geology, and at
present a canon of Christ Church, Oxford. The canonry
will, in consequence cf an arrangement under the Eccle-
siastical Commission, devolve upon the archdeacon of the
diocese.—Herald.
THE MILITIA.--Clerks of sub-divisions are now
being called upon for the date of their appointment. This is
supposed to be preparatory to a ballot fvr the militia.