Railway Record Volume 8

Railway Record Volume 8

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1851 edition. Excerpt: ...were--first, whether they should negotiate with other companies as Mr. Thompson proposed j and in case they were defeated, the next question would be, whether they would consent to limit the capital of the company to 450,000; if not, the Canal Purchase Bill would fall to the ground this year. For himself, he could only add, that his great desire was to promote the general interests of the company. (Hear, hear.) Mr. Chappei.l (a director in this as well as the London and North-Western Company) contended that the interests of the shareholders were centered in the purchase of the Cromford Canal, which carried at id. per ton against the railway at Id.; and he showed that, by a proper amalgamation, the public would not only be benefitted, but the railway proprietors have added not less than 1 or H per cent, to their dividend. (Hear, hear.) Mr. Watkins asked whether Mr. Thompson had any authority from the Great Northern Company to hold out to the shareholders of this company that they were willing to give such guarantee as to make it profitable to this company to make the line to Manchester. Mr. Thompson said his proposition bad nothing to do with completing the line, but simply to obtain good terms with another company. He had nothing to do with the Great Northern Company, nor had he any authority from any person connected with it on the subject of this meeting. He defended the course he had taken on the grounds of fairness, interest, and justice. A show of hands was taken. Only 16 were held up in favour of Mr. Thompson's proposition, who demanded a poll. It was ultimately agreed to take a show of hand on a motion made by Mr. Thompson, that the meeting be adjourned till Friday, the 27th instant. The motion was negatived by a show of...
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Product details

  • Paperback | 1198 pages
  • 189 x 246 x 59mm | 2,087g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236588223
  • 9781236588227