Star.
London, England, 1826-09-08 00:00:00

ItXPARTE PODIUM

In this case of Bankruptcy, which involved the ques-
tion. whether it should be a London or Country Com-
mission, It appeared that among other transactions, the
parties desirous of having a London Commission em-
ployed the Town Cryer tor the purpose of commursi-
eating, that all persons who were creditors might have
a dividend under Pameroy's bankruptcy, if they went
and signed a petition lying for signature.
The Loan C.nancas-Los deprecated the mode of proceeding as
most irregular, and intimated that the Beaman was liable to be
punished foe a contempt of that Court.
His LORDSHIP heard several applications in cases of Bankruptcy,
and closed the business at au early hour, stating that he should put
sit again before Saturday.

Gibraltar Papers and Letters to the 18:h ult. have
been received. The inhabitants of the Garrison have
been much amused at the Spanish fleet, which has
anchored in the Bay to watch the terrible Colombian
privateer the Republicano. One of the largest vessels
of the squadron is anchored alongside the privateer, the
others are moored near the Spanish lines ; the tender of
the privateer gave the Spaniards the slip, and proceeded
to sea to cruize, but the fleet dare not separate, for fear of
an attack from the Colombians, who are in great spirits.
FRANKFORT, SEPT. I.—The Greek Prince CANTECU-
Retro has been settled for a long time in Dresden; his
brother has just arrived here with his family, with the
intention of taking up his abode. The Queen Dowager
of Worrzsraufto arrived here this evening, under the
title of Countess of GRONINORN.

LIVERPOOL, Sat.t..6.—We have bad a brisk cotton
market this day ; abort 4,000 bales sold at an advance
of tot on last week's prices. Including this day, there
have been about 10,000 a 11,000 bales during the week.
B.P. Sugars are very stiff, and very few offering, but
at a further advance.

Great quantities of coarse linens appea4 to be coming
into our linen market, and business seems to be in more
active operation than we have witnessed for a length of
time past, with good buying.—Trake Pape,. •
According to the report of the best informed irokers,
the situation of business,. as regards London, and with
the exception of very few articles, has very materially
improved within the last six weeks. That improvement
may be stated on most of the principal articles of
colonial produce, at about 15 or 16 per cent.; in some
cases, perhaps more. The article which has been almost
the last in receiving the new impulse given to commies-
cial operations, is cotton; she only alteration in which,
especially where the coarser descriptions of cotton wool
are concerned, has been a greater facility of effecting
safes, but at little or no advance in price.—Times.
ROCHDALE, SIPTEMIER. s.—lt is with the greatest
'pleasure that 1 can, at length, say, there is a real ins-
piovement in trade. The most gloomy cannot now
deny it. Our market for woollen goods, yesterday, was
decidedly the best we have had this year; Every piece
brought forward was sold, and that too at advanced
prices. The cotton trade is also reviving. It is true
that it employs but few hands in this district ; but what
there are, are for the most part in full employment—
the spinners,' believe, are all in work again. The step
which Ministers have taken, with regard to the impor-
tation of foreign grain, is one which cannot fail to be-
nefit us exceedingly ; it is a step too, which will make
them deservedly popular ; or rather, I should say, con-
firm the popularity which they possessed before with
all classes. In the first place, there is this immediate'
benefit--that oatmeal, which is the great article of food
la re, and had risen, within the last three mouths, from
:Jai. to 525. per load (a famine price), has fallen to 465.
.aid is sinking still ; and the same is taking place with re-
gard to other articles of food. Then, it l!av given a spur to
trade, which is already felt ; for the rnanufactesers ate
is, high spirits, anticpating orders fee goods in return
fur the corn imported.
DUMFAILL—Friday last a :whirlwind and Water-
spout made their appearance in the Air above the farm
t iii the parish of Anuoth. The waterspout
swas observed at a great distance, resembling a sagas
loaf. Tne contents of the aqueous &egos were scat-
ts:zed over the extent of a square mile. A boy,-named
Carson, who is him! upon the farm of Cal,lde, had the
misfortune to b.: within the circle of the whirlwind, and
was honied along by it upwards-of a hundred yards,
'until, !hiving reached is gate, he caught hold of one of
its posts, arid in diet. mauner saved himself. While he
clung to ibii support the force of the wind tossed his
heels repeatedly into the air; but tel ror lent him strength
re maintain his' hold, and lie received little personal in
'wry. Upwards of two roods of a strung dyke werelat
,rte same time oietthrown ; six ricks Of hay were sweptl
from their seats and scattered in every direction,.nine
teen stdoks of oars were in lite msinner Jisperted, and
a quantity of lint, %Oki) was spread out in a field to
dry, became embodied with the other wrecks Of the
tempest, and totally disappeared.
Au awful occurrence took place at Buxton on Tues-
day. Mrs. Locke, wife of Mr. Locke, who attends the
Wells annually from London, as shatripooer, arrived ou
the Monday, and appeared in good health. Tuesday.
not ning she went from her lodgings, and castrallA met
a friend.; she shook hands with tier, mud, in the act of
cci:lg so, droned down, and iminediAte4/ expired.

BRITISH IRON COMPANY. •

. _
Yesterday a meet►ng of the Shareholders -took place
at the City of London Tavern, for the purpose of re•
ceiving the reports of the Committee appointed• to
inquire into the affairs of the Company, and for other
special purposes, ROBERT SMALLi Esq. in the Chair.
As soon as-the Chair was taken, a Shareholder requested to
know whether the Directors had not refused to transfer Shares In
the Company to Mr. William Clark ?

Mr. SHEARS stated, that it was optional with the
Directors to reject any person's application to become a
Shareholder. It was by the deed of settlement al ranged
that the consent of three Directors should be obttned
to the transfer. When the application was first made
by Mr. Clark, his message occasioned a pause, upon
which he insisted upon an iatet view with the Ditectors,
and accompanied his letter to that effect, with a threat
that he would call a meeting of the Proprietors if his
application was refused. The Directors determined not
to be intimidated by Mr. Clarke, whose intentions with
respect to the Company were not matter of question.
Mr. BOWRINT3 said, this subject was of paramount
importance. He thoug' t that in refusing to transfer the
Shares into the name of Mr: Clark, who had done such
important services to the community—(Cheers)—the
Directors had not exercised a sound discretion.

Mr. MuscriErr (a Director) said, that every informa-
tion was given with the greatest readiness to any Pro-
prietor who chose to inquire into the condition of their
affairs. He was quite indifferent as upon the suhject of
Mr. Clark's admission, and he believed all the Director&
had the same feeling. They were, however, unwilling to
be menaced into submission to Mr. Clark's will.

It was then put to the vote, that Mr. Clark should be admitted 1
and received as a Proprietor.
The motion was rejected by a very great majority.
Mr. Muscnnts then read the Report. The property
of the Company might be divided into seven parts, and
the fiat related to the Congreve property, for which the
Company would hive to pay the sum of 550,0001.—
With regard to the purchase the Committee felt no hesi-
tation in saying, the Directors had been very greatly
deceived by Mr. Attwood and his Agents ; they had in,
stituted a suit in Equity against Mr. Attwood to recover
the amount of money paid, which amounted to 238,5251.
This amount the Committee had every meson to expect
would be recovered ; in fact they had the first authority
in the country for saying that the Equity suit would
terminate in favour of the Proprietors. The second
portion of the propefty belonging to the Company was
that situated in Wales. The Committee regretted to
stays, that upon a fair valuation, it appeared that con-
siderably more had been given for the property thanit
was actuAlly worth. Mr. Wood had given it as his'
opinion, that it would not pay the expense of wot king.
The South Wales property was however considered ex-
cellent, and even at the present low price of iron, would
yield a profit of 12 per cent. per annum, under a good
management, on the capital employed. With respect
to the exorbitant Rice paid for all the property, the
Committee were of opinion, that it proceeded from a
want of experience in the Directors as to the value of
mining property; and the Directors had made a bad
choice of persons to manage the works. The Committee
would recommend quarterly meetings, in order that
the Directors might meet the Proprietors at large more
*frequently.

On the :notion that the Report be adopted,
Mr. P. TAYLOR spoke to the excellent resolution in
force at the Welsh mines, and complained that the Com
mittee had made random guesses as to the value of the
property, and he was censured for what, in after times,
whether the works were in other hands, or whether the
Ellitish Iron CoMpany still retained possession, would
be found to have been expended judiciously for e pro-
prietors. He was well assured, that weighing all the
circumstances, the expenses of working the property
would be found to be not over-rated.

Mr. Moxota wished to put the Gentleman right. It
was not in the fixing of a furnace that his (Mr.P. Taylor's)
judgment was called in question, but for having recom-
mended as an eligible purchase a property for 450,0004
which was not worth half that sum.

The CHAIRMAN said, that as the proceedings of the
day would go before the public, he earnestly hoped that
Mr. P. Taylor would not be drawn into a discussion
which must be injurious to the proprietors. All that
was said which might in any way operate against the
success of the suit in Equity now pending, would be
eagerly caught hold of; while observations, howe►er
they might tend to promote the success of the action,
would be taken for nothing.
The Report was then recei►ed, and ordered to be printed.

'After some further remarks, it was moved, but not
seconded, that the substance of Mr. Philip Taylor's
observations should be added to the Report, and printed.
Mr. Philip Taylor was, however, informed, that he was
at liberty to send copies of the substance of his speech
round to the Proprietors.

A convesation thin took place on the subject of a printed letter
respecting the law proceedings, which it had been found necessary
to institute against Mr. AttwoOd.
A SHAILLIOUDZILI think the Report states that 550,000/. had
beeneed to be given for the Concrete Mine, and that Mr. Att-
wood lspad received 258,0001. of that money. Now, shopid the
decision be against the Company, shall we be compelled to pay up
the remainder?

The Cuantwon replied in the negative. If the Company lost,
Mr. Attwood would have to get back his property.
Mr. SHEARS then read the Report of the Direct Ors, which was
an echo of that of the Committee. _

A SHARZIIOLDIS--Prsis Mr, is sop oae of oar estates in pawn?
-(Loud laughter).
Crussaux—Nut at all:

Suoarnocora-1 see the word 1. pawn" is not relished. I lstier-
stand some of our property is pawned to one banker for 10,0001.
Ind to another fur 15,0001. which they advanced to us.
CUAtithf4hl—,No we have borrowed money from a
Cukker, and we wished him to hold a small part of the
estate its a security, but he was satisfied with our own
security. He said; they should be obliged to enforce
the payment of the c4lls, or to forkic a great number
of the ShAes, as they could not raise Money, which
was.aow indispensable, to carry on the works. It was
determined by the Directors to *fejt those Shares on
%Nth 501. had been paid, if the holders did not pay up
the last call of 21.106.

Several Shareholders cried out, is Shame! ShaMs!"
and heavily censured the Di.ectors for not having
'adopted the measure of 'forfeiture when no more than
.51.1 ad been paid. They considered it the most unjust
and 'cruel sacrifice of their money.
Mr. BAILEY asked how the Directots could ai all
reconcile it with common honesty to declare forfeit those
Shares on which SOL had been paid, and not to place in
the same condition those on which no more than 51.
had been paid.
A Sintagnot.nea—l deny the right of the Directors to declare
mar Shares fuddled. Illy intvrtu is 6001. I shall not pay the
'collection.
Sir. itscnainit TAILOR—And mine is 1,2501. and I shall not pay.
The Crsaiikia•—..Yotir Shares are forfeited=—{Cribs et Shame and
.Applause).—The state of the Share&in arrear was stated to be
;Wows ;--31 j so which N. obi; had been paid-6440 on which Isl.

11;60 on whick2OL-601141 whiCh 2.4.—and iseit on which*:
had been paid. The 32/. 10s. the fun amdunt of the calls, •had
been paid upon 13,000 Shares.
The CH AIRMAN asked how those, who had
10s. on each Share, could be called upon for more money,
when those who had paid 301. refused to pay any more:,
Mr. MOCATTA said, with good management; this,
miserable Company might be made a source of profit;!
there must, however, be an immediate supply of Money.

Mr. &MIMI—The call can be enforced under the deed of
settlement. •
Mr. TAYLOR, the Common Councilman, said, that'
those who refused en pay up were mere adventurers iti
Shares, and were anxious to get as much as they could
out of the wreck of the concern. The Company had
certainly f +lien into adverse circumstances---,(Laulhier)
but he knew that they were in passession of a most va-
luable property.
It was ultimately agreed, that it should be recommended to the
Directnrs to proceed against all who did riot pay up their arrears;
and, after a very stormy discussion, the Meeting separated.