The Sun.
London, England, 1845-10-09 00:00:00

REGENT'S CANAL.

A meeting of the shareholders and others interested in the
Regent's Canal, was held yesterday evening, in the large room of
the Angel Inn, Islington, for the purpose of taking into con-
sideration the prupoction of converting it into a railway. The
muting was called by those persons who, having property upon
the banks, were desirous of continuing the canal as at present.
Mr. Margrave, Estlalc's Saw NilEs, was called to the chair.

'I he OW 1131 A :sr said that it was not his intention to take a pro-
minent part in the proceedings, but lie at the same time was ready
to admit that he was one of those who, concurrently with others,
was instrumental in getting up the meeting, because he thought
that the contemplated charge would be most disastrous to the firm
he himself was associated with, one principal inducement for their
having placed their works on the side of the canal being the con-
venience of water carriage. He believed that the parties calling
this preliminary meeting were not prepared wills any plan of op.
position to the railway, as they wished to hear the suggestions
made by those who, ,ike himself, would be injurrd by the alteration.
&me altercation took place as to the exact meaning of the re-
quisition.

Mr. GRISCELL said that, as one of those who was opposed to the
transformation of the canal into a railway, he might say that the
object of the requisition was to ascertain how far they might depend
upon the co-operation of those who, like himself, would be damni-
fied by the change. But as there might be many in the room who
were opposed to the canal, he would warn any friends who might
speak not to state the grounds of their opposition, because. in that
case, the promoters of the railway project would no doubt prepare
the very sort of evidence to meet those objections when the matter
came before Parliament.—(Hear, hear.) He might say, that to
himself the change would be nearly ruin, for he had expended
30,000/. upon wntk which, if the canal were removed, would not
be worth sixpence.
Mr. STARLING thought that a resolution for the formation of an
association to watch over the interests of those affected would be
the better way of attaining their purpose.
Mr. DENNIS, of the firm of Dennis and Price, said that it ap..
peared to him that there was some misunderstanding, for he had
seen a prospectus stating that the rails would be laid down on the
northern bark, without altering the water-carriage.
Mr. GRISSELL assured the meeting that such a thing would be
impossible, and he read an extract from the Railway Record in
support of the assertion. The cost of altering the canal to suit the
purposes. of a railway would he at the least, 2,500,000/. He might
say further, that some of the Directors of the proposed Junction
Railway.were already engaged in sixteen other_schemes.
Mr. LAKE, agent for the De Beauvoir property, referred to the
Act constituting the canal, and contended that, although there
could exist no doubt that the Canal Company could, if they were
so minded, sell the water-way, they must do so with the consent of
those parties who had invested a large capital on the faith of the
Company keeping it open; and if a committee were formed for the
purpose of opposing the projected scheme. he would pledge himself
that it could never be carried into execution. He would, therefore,
propose this resolution—" That a large sum of money having been
expended by the owners of property on the banks of the canal, on
the faith of its continuance, the meeting is of opinion that any-
thing stopping the canal, or in any way interfering with the water-
way, will be destructive of the interests of all who are dependent
upon it, and that, therefore, every opposition should be given to
the projected scheme."
The resolution was seconded by Mr. SHEPPARD.

Mr. YATES moved, as an amendment, "That s committee
should be formed for the purpose of negotiating terms with the
Rdilway Company."--There being no seconder, the amendment
dropp,d.

The original motion was then put and carried.
Mr. LAKE again moved that a committee be appointed for the
purpose of collecting information, and, if necessary, of arranging
an opposition, with instructions to call a general meeting when
they should deem it expedient.
Mr. T►►ORNE seconded the resolution, which was carried una.
nimously.
It was then moved and seconded, that the following gentlemen be
empowered a committee, with liberty to add to their number :
Messrs. Lake, Sheppard, Grissell, Margrove, Thorne, Norton,
Pope, Lee, Sharpe, and Patient.
Thanks having been voted to the Chairman, the meeting
broke up.

MARKET NEW 6.-( LSTERDAY.)

COI-EXCEANC4 E.

We have to report the arrival cf a very moderate supply
of lingl;sh Wheat since the last returns were made up :
hence the show of samples here was comparatively small.
Although the attendance,f buyers was by no means numerous,
the demand ruled steady, and the late advance in the
quotations was well suppo-eted. Fine foreign Wheat, the
quantity of which on offer was limited, au •off slowly,
yet the factors wuire firm, and would not sell except
at extreme figures. The best malting and distilling Barley
was in good request. In other kinds very little was doing.
In Malt very little was doing, at previous currencies. The
beat parcels of Oats were in fair request. Other descriptions
were a me-c drug. Both Beans and Peas had a downward
tendency, but Flour was quite as dear.

ARRIVALS. •
Wheat. Barley:
3,270 qrs. 480 qrs.
510
850
nilt. 1,260 qrs.

Oats. Flclttr.
1,260 qrs 3,860 sks.

English • • • • • •
Irish .. ••• • • •
Foreign

.9 0 -

Each Lind of prime :ki,at was in steady request at full
rates of currency; otherwise the trade ruled dull. Beef from
2s 4d to •3s 6(1 ; Mutton, 33 4d to 4s 6d ; Veal, 3s 8d to
4s 8d ; and Pork, 4s to 5s 6d, per Sibs, by the carcase.