The Sun.
London, England, 1845-10-30 00:00:00

SUN LONDON, THURSDA'Y ETENINa, OCTOBER so, 1845.

the talents. Nov, as to what our case might have
wele • at an advanced stage of :the dis-'
ease—fir gone in a Lifeline. At the eleventh
_. . •

hlur we ;lied in a a judicious physician;

on ex-mining th.! patient he had found him char4eable with
wide and !wise habits, and that to these was to he traced

the foundation of the disease, but that the medical gm-

tleman is convinced the patient may yet recover himself.
He must describe to them the position of their Chairman.
He stands with a flag of peace in the one hand and a bag of
we.ilth in the other. lie is prepared, judiciously prepared,
before tering into the contest for fighting over again the war
of the House of York. He has seen the ground, and is con-
vinced, before entering on it, that it will yield him a certain

advantage. Such harmony has he now procured,
that we have one common object., a common
stock, and a common interest. It matters little
what shares be given, because, if we receive no advance,
wel have an enormous return of wealth. Now, along the
North-Eastern Company's Grand Trunk line the whole
traffic will pass. If he might say any thing
in his position, their own Directors have not been
forgetful of their interests, and their position will be better in
the Houze of Commons. If the Loudon and York agree,
then there will be a division of 4,000,000!. in shares.

The Cambridge and Lincoln Company are interested
in this corsideration. He might possibly have proceeded
to show how their own Directors had appreciated their own
interest, and understood when the occasion made for them -
selves.—(The Chairman remarked here, that they had
not known anything of the scheme, till it had
been developed by himself at the Board.) Mr.
Harvey proceeded to say that that only confirmed what he
said that when anything good was laid before them they were
too wise' to refuse. (Mr. Hudson here said they had at first
objected to the scheme.) Mr. Harvey proceeded to
congratulate the directors and the meeting on the very
favourable position in which they were now likely to be placed.
He had formerly been a. grumbler, but he had now great
pleasure in tendering his cordial allegiance to the new autho-
rity.— (Cheers.)
The CHAIRMAN announced that there was no other busi-
ness before the meeting, but he would make an observation in
reference to something which had fallen from Mr. Har-
vey, on the subject of the Northern and Eastern shares.
Now, he thought it was a most unfortunate thing that they
should knew anything about Northern and Eastern. He
wanted to see the Companies one, and with one Directory.—
(Cheers.) He hoped he should never more hear of
Northern and Eastern interests as distinct from those
of the Company generally. They were an unitedicompany •
The effect of the proposed arrangement would be to make
them part and parcel of the Eastern Counties' Company.—
(Cheers) There would be no more division of interests. He
would state, that when he first made his proposition, they
had strongly contested the principles he had laid down, but,
for the sake of peace, and to promote the general interests of
the Company, they had given their consent to his scheme.—
[Here Mr. Ward, 31.1) , made some communication to the
Hon. Chairman, who, after a pause of a few seconds, conti-
nued ]—His Hon. Friend, Mr. Ward, had reminded him that
the Northern and Eastern had 5 per cent. guaranteed to them.
He was quite aware of that ; but whenever they paid more
the Northern and Eastern would participate with them as a
matter of course ; and so sure was he that they would pay
more, that he did not look upon this guarantee cif
5 per cent. as a matter of any great consequence.—
(Cheers.) He was sure they would pay a great deal
more than that.—(Cheers.)
Mr. Scorn said, that as he had taken a prominent
and active part in those proceedings of the Com-
pany which had led to the invitation to Mr. Hudson,
he felt hound now to call upon theta to express their
thanks to that gentleman.—(Cheers.) Nothing could have
given them greater satisfaction than to see the chair occupied
as it had been that day.—(Cheers.) When times were dark
with them and they had little peospect of benefiting them-
selves, they had appealed to Mr. Hudson, and he had
satisfactorily responded to their call, and nothing had afforded
the Company so much satisfaction as to see their prospects
represented and their interests protected by Mr. Hudson.—
(Loud cheers.) He was the pilot under whose guidance
they were to weather the storm. He it was who opened
to them a brilliant prospect for the future by his manner
of reconciling conflicting interests under his able manage-
ment, and they would be enabled to pay a satisfactory divi-
dend, and to emerge from their difficulties.—(Cheers). The
best guarantee they could have fur this was, the expe-
rience which they had had of Mr. Hudson's success
on other railways. (Cheers.) He was certain that
Mr. Hudson would do all that man could do. They
could desire no man to do more ; and he was sure they would
receive no less.—(Cheers.) The railway public had reposed
the most unbounded confidence in Mr. Hudson, and that
confidence had never been disappointed. - When Mr. Hud-
son bad been first asked to join the Eastern Counties'
Company, he had declined, but when he saw the requisi-
tion of the shareholders, and was aware of the num-
ber of names attached to it, and of the large
amount of property represented by those names, he at
once responded to the appeal, and in doing so he had
agreed to forego every personal consideration.—(Loud
cheers.) For this they ought to thank him.—(Cries of
" We do thank him.") He would not detain them

stroed, but that the water way should be preserved, and a railway
alsornade. Mr, Walker's ideas on this subject will be best under-
stood by the following extract from his report, viz. :—' In saying
that the width of your property is sufficient for two lines of rail-
way, I have not had reference to the continuing of the canal navi.
gatioa ; but I ought to add, that if it be thought on the whole ex-
pedient to continue the navigation, you have, by rough walling the
sides of the canal, sufficitnt width generally for two lines of
broad gauge, and a better canal than the present. inasmuch
as there is less friction in a waited canal than with sloping
sides. 1 cannot help considering that your coming before the
public with the canal and railway is very important, both in ob-
viating objections that may be made to the conversion of your canal
into a railway by other canal companies, or by canal carriers, or
by the owners of warehouses and other property, and by being
practically useful afterwards ; for canals may not always remain st
their present discount, and there must be a reluctance at resolving
to destroy the substantial locks, aqueducts, and other works, which
within forty years have cost a million of money.'
" The Select Sub.Committce have carefully considered the res.
sons given by the consulting engineer, and have, after much consi-
deration, unanimously come to the decision of recommending you
to adopt his suggestions as to the preservation of the canal, the ex-
pense of which, Mr. Walker assures us, will not exceed the sum of
800,0001., authorised to be raised by the former meeting of Pro-
prietors.

" Your Committee have ascertained that, without any very large
additional expense, the curves and gradients incident to pursuing
strictly the line of the canal may be improved, and have instructed
the engineer so to amend the line that the sharpest curve shall not
be less than thirty chains, ner the steepest gradient more than one
in eighty, whilst the distance between the termini will be also
shortened. . . .

" The Select Sub-Committee beg further to report, that through-
out the line the undertaking has been well received, and that at a
very large meeting of the inhabitants of Devizes, held on the 9th
instant, a resolution was passed to the eff,ct, that the project
of this company would be highly beneficial to that important town.
" Your Select Sub-Committee beg further to state that they have
had propositions from several new companies for an amalgamation
of iaterests, or for the conditional purchase of the canal, but it has
not appeared to your Committee desirable to make such arrange-
ments.

" Your Committee deem it right to mention that;as precautionary
measures, Instructions have been given for the surveys of lines of
railway for eastern and western extension.

" Your Committee have the pleasure to inform you that the sur-
veys are in such a satisfactory state of forwardness, and such an
amount of deposits, already in the hands of the bankers, as will en-
able your Committee to comply with the standing orders of Parlia-
ment.

" Your Committee cannot conclude this report without congratu-
lating the proprietors on the position of their undertaking."
Resolutions were then moved and carried for the adoption of the
recommendations of the report, and themeeting broke up.