The Sun.
London, England, 1845-12-17 00:00:00

THE GRAND JUNCTION AND MID-
LANDS UNION RAILWAY.

A meeting of the Shareholders in this Company. called
for the purpose of considering the future steps to be
taken by the Directors, was held at the Company's
offices, No.l, Exchange-buildings, on Monday.
Mr. Barlow was called to the chair.
The advertisement calling the meeting having been
real,
The CHAIRMAN asked the Secretary if it had been
advertised in all the papers ?
The Secretary having answered in the affirmative,
The CHAIRMAN said he was sorry to find that the
result was not such as they might have expected from
the publicity which had been given to the advertise-
ments. Perhaps it might have been different if Lord
Ingestre, the Chairman of the Company, had presided ;
but as it was ne would endeavour to place the principal
facts before them. It was well known to all the share-
holders present that at the time the present scheme came
before the public there was none which had a greater
number of applications for shares, or which stood higher
in public estimation. It was no scheme of speculation,
but one that promised areal and permanent income; cer-
tainly if it were to be prosecuted it would be attended
with great advantages to the public and to the share-
holders. As things now stood, the position of the Com-
pany would be very different, supposing they brought
the scheme before Parliament. True, the Committee
might bear the expenses without troubling the share-
holders, and if they received the consent of the Provisional
Committee, many of whom resided in the country, they
could do so. They, however, legally required the sanc-
tion of those gentlemen, and therefore they would ask
the shareholders to leave a moiety of their original depo-
sit, for the double purpose of meeting all claims and
securing to those so doing some portion of the original
scrip. The Secretary would read the report.
The Secretary then read the report, which was in sub-
stance as follows:

" The proposed railway was intended to commence on the
Trent Valley Railway near Staffird, and proceeding thence
in an easterly direction, to pass through or near to Tixall,
Haywood, Colwich, and Abbots Bromley, to the rapidly in-
creasing -town of Burton-upon-Trent, where it would run
into the Birmingham and Derby Railway, forming the shortest
and best practicable route from Stafford to Derby. Leaving
the Birmingham and Derby Railway at Burton-upon-Trent,
it would proceed along the Valley of the Trent by Repton,
Swarkestone, and Shardlow, to the Midland Counties Rail-
way, at the point where that railway formed a junction with
the Derby and Nottingham Railway ; and thus, by means of
these and other railways in progress, form a complete line of
railway communication, between the central towns of Stafford
Derby, Nottingham, Lincole: Leicester, Peterborough, and
Boston on the east, and Shrewsbury, Chester and Holyhead,
North Wales, and Ireland on the west."
The remainder of the report was an echo of the
Chairman's speech.
To questions asked by several members, the CHAIR-
MAN replied that about 5,4001. had been already paid
into the banker's hands on behalf of the Company, that
other panics were now waiting the result of the Com-
mittee's determination to pay in or not ; that the
guarantee for the moneys already paid in would be a
guinea returned and a portion of scrip secured ; that
the Committee of Management were secured in the very
same way with general shareholders, and that there was
no intention of amalgamating with another Company.
The report was then received and adopted.
The meeting then, after a somewhat desultory con-
versation, determined that the Grand Junction and Mid-
lands Union should not be prosecuted in the next
session of Parliament.