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DRUSK OR DYING. t

THE COMIO PAPERS.

SPELLING BEE AT BRISTOL.

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VARIETIES—GR A VE AK"; GAY.…

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THE TESTIMONIAL TO MR. READ,…

A RiVAL TO COD-LIVER OIL.

GROSS RECKLESSNESS BY A MINER.

THE NUMBER OF LANDOWNERS.

PERSONAL STATISTICS.

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MR. CAVE AND THE KriEUIVE.

MR. GLADSTONE AND THE ITALIAN…

POKER VERSUS DOCUMENT.

ERIE RAILWAY COMPANY.

Newyddion
Dyfynnu
Rhannu

ERIE RAILWAY COMPANY. A meeting of the bond and shareholders of this com- pany has been held at the Cannon street Hotel, Lon- don, Sir Edwald Watkin presiding, to consider the report of the committee as to a plan of reconstruction. The report recommended proposals to form the basis of a scheme of reorganisation to be carried out under a I foreclosure by a committee, of which it WHS proposed the Hon. S. J. Tilden, the present Governor of the State of New York, be requested to act as chair- man, and umpire, to reconcile any differences which might arise. The principles which had guided the committee in propounding the scheme were to make it, if possible, final,and to avoid confiscation of the rights of any class, while at the same time distributing the concessions which must be made, in order to secure the credit of the company, as fairly and justly as possible, according to rights and Priorities. The chairman, in opening the proceedings, assured the meeting that this bad not only been a work of time, but of great anxiety on the part of the directors in preparimg the report now presented. He expressed his regret that, in consequence of the illness of Mr. Jewett, he was not prepared to present to them full particulars with regard to figures as to the plan of reorganisation, but at the same time he thought he should be able to give them a statement sufficient to remove the erroneous rumours which had gone abroad not only in this country, but on the other side of the Atlantic, and he must observe that a con- spiracy had evidently existed in both places to throw away ten millions of dollars. The chairman then proceeded to criticise the various amounts paid to various officials. He wanted to know why £5,000 was paid for commission on un taken shares, and £7,750 for legal expenses. Having drawn the attention of the meeting to the loan transaction of £ 90,000, he asked whether it was reasonable that the interest on that loan and costs should be £ 30,000. He recom- mended that no more money should be sent to America, and that they should payoff their debts on this side of the Atlantic completely. As an illustration of the amount of injury done he wonIt1 read the fallow- big letter which had been addressed to him Hock Ferry, Cheshire 29th December, 1875.-Erie Gold Bonds.-Dear sirl'ardon my going direct to the fountainhead for information on behalf of tne above, but I shall esteem it a great fiivour-I may add a charity-if yon will kindly inform me when you think payment of arrears aud future coupons will be made. I ask this favour on behalf of a poor girl whose little all was invested in this stock. She is now an in- valid and penniless, her whole dependence being upon the quarterly payments of interest on these bonds, The inquiry is not an idle one,nor yet for the sake of specu- lation, as, individually, I do not own a share in this company; and, therefore, I beg that you may be able to throw some ray of light on the fortunes of this hereto- fore miserably managed railway. I may add that this poor creature says she is willing to pay towards the cost of the late inquiiy which you undertook, her proportion of the cost out of the first payment of arrears, but mean w lie she is, I may say it, dependent on charity f"r support, bie holds about as many shares as brought nor in an in- come of £ 100 per annum,and the savings of^ a been put into this most unfortunate sl ock. of the letter was Mrs. Brien. Having further cri the affairs of the Bompany, lie proposed the j» resolutions 1. That the scheme of re-o.g-Mis^tio'. embodied in the report of the committee, dated 17th December. 1875, be and the same is herei>y ■ ,J.. so far as its general principles are conem to such modifications and details as the after may from time to time find necessary or expei consultation with the president and receivei, the bend and stock holders in the Unitesd « • • That the committee he continued, and einpiJV* take all necessary proceedings to cairy into effect; and that this meeting, coinp" classes interested in the Erie Kanway Company, re n spectfully but earnestly request the Ho ■■ • Tilden (having regard to the large mtciests ff 'tiiii; and the public importance of accept the one of the great trunk lines of America) ™ and position of referee to decide all question carrvinK generally, which may arise in comp eting a T out such scheme." motion Mr. Miller, of Aberdeen, seconded the A long and excited discussion ^d scl|"eme be Mr. Eyre moved an amendment that eventually remitted for further consideration, l 8Cheme withdrew, and the resolution in favoui was carried by acclamation. |M

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THE EASTERN QUESTION. ;

A SPELLING BEE AT COLCHESTER.

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