Kentucky Irish American. (Louisville, Ky.) 1898-1968, 1898-07-30

on the 10Th inst. The accounts,
which are made up TO the the goth OF
June, 1898, disclose a very prosper
Gus state Of affairs. After meeting
all expenditure, providing for bad and
doubtful debts, for interest due on
deposits, rebate on bills not at matu-
rity, and writing down bank premises
by IS, 900, there remains balance
at credit of the profit and loss account
amounting to SI7b836 odd. The
board recommend the payment of a
dividend Of 6 per cent. on the half
year, being at the rate of II per cent
per annum. Two years ago the divi-
dend was at the annual rate of IoH
per cent, so that substantial progress
has been made since then, notwith-
standing the widespread financial de-
preston. These figures are evidence
of healthy and progressive manage
ment, and the shareholders have every
reason to be gratifed.
An extraordinary meeting of the
shareholders and stockholders of the
Waterford, Limerick and Western
Railway was held at the Waterford
terminus. The meeting was held in
compliance with circular signed by
shareholders, and was for the purpose
of considering the action of the d.
rectors of the company who dissent
or have dissented from the proposed
amalgamation with the Great Southern
and Western Railway Company"
Besides the chairman (Hon. Percy
Bernard, D. L., there were eight
directors present at the meeting.
Mr.. Synott, one of the shareholders
who signed the requisition calling the
meeting, made it pretty clear that any
of the directors who persisted in their
opposition to the scheme of amalga-
nation would be expected to resign
and make room for others who would
J, 2all in.xisRR. tbs views qs aajpSity. q
the board. Lord Castletown, in a
characteristic and able speech, ex-
planned hisreasons for having opposed
the scheme. He was convinced, he
said, that a powerful railway system
could have been formed by an ANAL
gamation or tacit understanding be-
tween the Rosslare Railway, the
Dungarven, Lismore, and Cork Di-
rect, the Rosslare, the Great Western,
and the Waterford and Limerick Com
panies. After referring to the pas
sages in the report of the Hybrid
Committee dealing with the objections
to the amalgamation, Lord Castletown
said he was in agreement with that re-
port. He was not opposed to amalga-
nation on good terms for the share
holders, but was opposed to throwing
away property which, as he thought,
had a growing prosperity before it.
The matter was adjourned till the or
binary meeting of shareholders on the
10th of August. Beyond the able and
lucid explanatory statement of Lord
Castletown, little was done at the
meeting beyond revealing the de-
termined attitude of large body of
the shareholders in support of the
majority of the directors.
After an all-night's sitting, the Local
Government Bill passed through the
report stage, says the Dublin indie
pendent. 1t will be read the third
time on Monday, and then it will have
to face the ordeal of the House Of
Lords. That some attempt will be
made to amend it there is pretty GER
tain; but it is stated that the Irish peers
have not been able to make up their
minds as to how far they will go in the
effort to white it down. 1t is re-
markable that Col. Sanderson, the
leader of the Ulster Tories, moved,
after the bill was reported to the House,
that it should be read third time
there and then, and this would seem
to indicate that, having done their
best to secure amendments IN its pas
sage through the Commons, they are
willing to take it as it is. But Lord
Londonderry and some others of the
Irish Unionist peers, who see in every
extension of the popular rights an at
tack on their class, will, of course,
-. l..& Ill.,. 100 k4.o a.