Star.
London, England, 1827-01-29 00:00:00

HAYTIAN MINING COMPANY.

A General Meeting of the Shareholders of the Hay-1
tian Mining Company was held on Saturday at their
Office in Finshury Circus; Lord NUGENT, in the Chair.
His Lordship said, the Directors had resolved on the
dissolution of the Company,in Consequence of a failure
of the objects it had contemplated. A very voluminous'
report was then read. It contained the details of the
circumstances which had induced the formation, and
accompanied the progress of the Company's affairs, and
accounted satisfactorily for the Nave of its objects. A
statement of the receipts and expenditure accompanied
the report. Deposits of 51. per share on 6581. had been
paid, the amount of which was 32,9051. the greater
part of this large sum had been expended. Mr. Hen-
dricks, the original projector of the Company, had been
paid 8,0001. and he had got a further sum of 10001.
fiom the Directors, for giving up his claims on the
Company, according to the terms of the original agree.
silent between them. After the outlay which the Direc-
tors had gone tn, there remained in hand a balance of
only 8,0751.75. 4d.

Mr. W. SMITH, M.P. read a letter from Mr. Broug-
ham (whose name had been incidentally introduced in
a conversation among the Shareholders, as to the liabi-
lity of the Directors, of whom he was one, to make
good the deficiencies on the shares). It stated that he
(Mr. Brougham) had allowed his name to be used as
one of the Directors, not from any desire either to
traffic in the shares, or to take an active part in the
management of the Company's affairs, but because he
was told that his doing so would promote a plan of
which he approved—namely, to increase our knowledge
of, and intercourse with, Hayti ; and because he was
satisfied that with such persons as Mr. Smith and Lord
Nugent for Directors, the Company was in safe hands.
The letter went on to say, that notwithstanding the
writer (Mr. brougham) had taken, and meant to
take, no active part in the business—that though
in the Spring of last year he paid the instalment on
twenty shares (the qualification for a Director), yet his
doing se could ouly be considered in the light of a
contribution to the expenses of the experiment.
A motion was then made by Mr. Wineet.a }lawyer, M.P.
seconded by Mr. W. CLaarra, fur t►e appointment of a Committee
of Shareholders only to inquire into and report on the nineral items
of receipts and expenditure, taking the original prospectus as the
basis of that inquiry.
Mr. Bonsai-sox paid some high compliment to the
Directors, who, it appeared, had lost nearly one half
of the entire sum expended, they holding at least one
half of the shares, in which it was due to them to say
they had never trafficked. He then alluded to Mr.
Brougham's letter, which he characterised as a pitiful
mode of sneaking out of the concern, and avoiding re-
sponsibility. This conduct was more extraordinary,
when contrasted with the manly behaviour of those Di-
rectors, who had that day met the Shareholders in a
, manner which did them great credit.

The N ible CHAIRMAN, Mr. SMITH, Mr. B. Lr.usana
and several of the Director. rose togethr. r. :The latter.
gave way to Lard Nitgent, who declated that It
would consider himself the ba-est g.f mcn If he ac
cepted a compliment from any person, no matte,
how well deserved, which, at the same time, conveyed
an imputation on the character or conduct of such a
man as Mr. Brougham—(Hear). Tbe principal object
that Gentlemen had was to encourage, as accorded
with his well known feelings, the principle of free labour
among the blacks of St. Domingo. It was for that
purpose, and on the solicitation of several friends who
importuned him, that he had allowed himself to be
named in the Direction, and never with any intention
of becoming an active person in the Company.
Mr. Sutra could not listen to the word " sneak," as
applied to any part of Mr. Brougham's conduct. He
would not accept as many compliments as would oc-
cupy the space from this to Mori, if they cast any im-
putation on that most valuable Gentleman.
Mr. ROBERTSON replied, he had used the word, re-
ferring to his (Mr. Brougham's) conduct in lending his
name solely for the purpose of promoting the scheme—
(Hear, front several Shareholders). There were many
who had purchased shares at a premium, and one of the
inducements had been, seeing Mr. Brougham's name in
the original prospectus as a Director. If all the Direc-1
tors had done as he did, who would have managed the
Company's affairs 2—(Hear, hear). Few would have
bought shares but for seeing that name, among others,
because all thought bim incapable of lending himself to
any scheme. --1 • • •
The Ctraraisai &Wed cis lasing any such phrase i■ the letter
just read.

Mr. Boa:arson replied, it was the very word scheme which
tingled discordantly in his ears, when connected with the name of
Mr. Brougham.

After some further conversation on this subject, the Meeting ad-
journed, having nu/Wasted seven of the Shareholders present en the
Committee of inquiry.

LAW REPORT.

COURT OF CHANCERY, lax. 27.