The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1844-07-16 00:00:00

July 16, 1544.

TIZE LONDON AND BIRMINGHAM" AND
PANIES
I HE " GRAND JUNCTION" RAILWAY COM-
.

On Tuesday, at one o'clock, a special general meeting of
the Directors and Shareholders of the "Grand Junction
Railway's was held in the Cotton Sa'es Room, for the pur-
Pose of obtaining concurrence in the formation of
new shares towards the Lancaster and Carlisle Railway;
and also of furnishing those present with an official state-
ment of the favourable art angement recently made for a
mutually beneficial alliance bet weea that company and the
London -and Birmingham."
Joust Moss, Esq. took the chair, and, after the notice
calling the meeting had been read, said—
The
the Lancaster and Carlisle act having been passed on
we have lost no time in calling you together
for the creation of the £l2 10s. shares, so as to raise the
Capital agreed to be raised by the Grand Junction Com-
pany towards that undertaking. The needful formal re-
gOlutions for this purpose will be submitted for your sp.
Prove'. and with the adoption of these resolutions the re-
gular business of the day will be concluded. Although it
the
not, strictly speaking, form a subjec• of discussion at
titne present
meeting we cannot deny ourselves the satisfac-
on of stat: 0 _
what, we area,sured, you will be equally gra-
ftfied to learng , viz., that the points of dispute between the
Grand Junction and the London and Birmingham br ards
have been settled to mutual satisfaction; that the general
resolutions of the two boards, by Vie arrangements in pro-
greaa' will be placed permanently or an improved footing,
Whilst the result, so far as the public is concerned, is,
bled
the two companies will, by working together, be ma-
? d to give increased accommodation, and on reduced
terms, such as it will be out of the power of any other
tip' to offer. The proprietors were informed at
antelast general meeting, and I have great plea-
now repeating it, that the Grand Junction
'"ru have been always impressed with a deep
tense of the importance of keeping on the best possible
coe s with the London and Birmingham Company. We
c.,zurred with you that the Grand Junction Company
vied (11'revet be fairly expected to consent to the London
ing-a s mingham either making, guaranteeing, or support-
nioonrt. '
h yt a o,,,llfrewsbur d Birmingham Railway—or any other
t
BitMingha'rn, in opposition to the Grand June-
dize nevertheless felt, at the same time, that that
did euitiv
noYannicietootfit easy oi way,
thethere was no other which
t
arrangement. Upon the occur-
rences of the last f ur weeks, (which have fully borne out
these impressions.) it may suffice for the present to state,
that the Grand Junction board. alter receiving from the
London and Birmingham board an offer of amalgamation
'Of the two concerns, which cffer douhtless the proprietors
generally have seen in the newspaper., gave it their most
anxious and mature consideration ; and that the result
-was an unanimous decision against' the amalgamation as
proposed, arid a communication of the decision to the
London and Birmingham board, wishthe reasons for it,
and with such a recapitulation of past transactions and
communications between the two boards as we trust has
satisfied the London and Birmingham board that nothing
'had ever been further from our wish or design than to
'prejudice the London and Birmingham Company. or to
act otherwise than in harmony and in the most friendly
-concert with them. We also offered a meeting for
-discussion on a basis not inconsistent with your reso-
intions when you last assembled ; and th's meeting
took place accordingly on Wedne•day last, the 3d instant.
-Not-- only was the subject of a Shrewsbury railway
then satisfactorily disposed of. but the general arrange-
'Thent which was made includes the prosecution of the
Trent Valley Line on fair terms to all parties. In the
present State of matters, some minor points of detail
s_`rrieigh fully seteled as between the two companies) being
alun der the consideration of oilier parties whose interests
einvolved in them, we must ask for a continuance of
vents"fidence without more full explanation, at all
sure thrtil
our general meeting next month. lam
ha meeting will agree with me, that, having
recur further to the past, or to publish any letters bearing
estions now I trust for ever set at rest. I cannot
thesemmauy observations without expressing my belief that
eof the unfortunate feeling which has lately existed
atraced to incorrect reports, circulated by parties
who have neither the interest of the London and Bir-
mines° sincerely trust
tor Grand Junction Company at heart ; and I
erery trust
Seenrie
the ho g an
alliance
of
that the arrangements now made will, by
the closest nature an end to
Pe! of those who can only expect ,toolsve by
be discord between us, who sought always to be at
tuobistrolThra'T (the Secretary) then read the resolutions.
Cases. which were of the usual formal nature in such
tinodbeiii appeared that 22,031 shares (of £l2 10s.) were
zuea.ted and offered to the several corporations and
10,918 ~aP,4t, who are proprietors of the 10.918 £lOO,
stock 01tuhue, and 22,627 £25 shares, in which the capital
• followa:__ent°PanY be divided
stood, and which were to
For
every xioo
share one £l2 10s. share.
.. two £5O
PO 11 II
MUT" the four £25 ,
and translator September next wi'l 4e allowed to take up
!gunny di,l,ahares, in order that the new shares may be
"
Laken rtted; but should any of the new shares not be
the co,oou u that day, they will he sold for the benefit of
ring a dividUntil the first general meeting for deela-
until that thenti in 1847, no dividend wit! be made; but,
anett,„ te, interest tth te of £5 per cent. cer
Pad will be a e rate
portion e "sal,
‘i out of the company's fund on the
Toe reec,_ of the £l2 10s. shares.
toration, 00a
wills were unanimously agreed to by aerie-
saving before
t; out a remark being tendered, the subject
',Pen its 0,, eeu amply
The C rl 8. discussed, and the meeting ripe
meeting
then announced, that unless some gen-
ale!tieß ffer some remarks, the business of the
retire wti had come to a close. The parties were about to
M. La
aneetie - NI
!slice* kg,nn the nezt-aY rose, and after congratulating the
exPlan"eween "g
tbeyautageous arrangement of the differ-
brotbeartt:ta and two companies, entered upon a long
'peak . 0
et a„P,°gY of the former droceedings of his
f.or
been
th.ough,etautatkfidrst,bro
hitnst4n who he regretted was nor present to
with at
he us lie, believed that his brother had
rejoiced menfitfdki
the best motives throughout,
tliank:ne „PaPPed to the minions of those
:daaetted in concord, and that
feeli4:ltahcaet„
h,Ae,.
a- - he in the cone nation that had
some length to the angry
r SO e time, existed between the two
Feirtt hall! t-I:)ighlY Connpl;mented the chairman for
/I„.een the ,aaett in bringing about the settlement be-
„l he et, two companies
ar
"eh j• AN said, in effect, that he was not aware
two lees having bern ever entertained between the
not diirPa"ies. There was no such feeling at 1 heir board.
sP ct ne believe it existed in the other. When the re_
wee deputations mitt the other day, no such feeling
"'",;ocerl by the members on either side, but all was
°'' e uremia and agreeable. (hear) and he trusted they
n.d Intl' inter Vr~~ continue so, their tauttial interests being now
A't •r all that Mr. Mozlev had stated with
Neretace t hi,. brother, he could not help saying that the
ter, however he might be gratified with the result of
the arrangements made, bad considerable retarded their
pr,gresa, but probably from mistaken siews; but lie felt
.g:a ful for the kind fe ling expressed towards himself.
Tile me. tine, which evinced great gratification at the
antonereetnent made relative to the London and Bir-
nuin.ham Cr mpany, and their concurrence in what was
Prot ()Ned as to the new shares, then broke up. We
should add, that the attendance was very numerous, and
iligLIY respectable.