UNION BEACH GOLDMINING COMPANY.

Daily Southern Cross, Volume XXXII, Issue 5240, 28 July 1876, Page 3

UNION BEACH GOLDMINING COMPANY.

The adjourned meeting of tho Union Beach Goldmining Company was hold yesterday afternoon m the largo room of tho Insurance Buildings. There was a largo attendance. Mr. C. J. Stone took the chair about a quarter past two. Tho Chairman said they would proceed at once to business, Tho meeting had been adjourned from the day previous. Tho position then was that they had a motion brought before them by Mr. Hurst and seconded by Mr. Wardrop. The motion was as follows: " That this mooting after tho explanations they have heard, have confidence in' the Auckland directors and requests theni not to retire; and also desiro to expross their confidence in the integrity and ability of Mr. George llannoy as manager of the Union Boach, mine." That was the position of the business, and the motion was now before thotn for discussion. Mr. Stovin was about to move an amendment, when Mr. Beetiiam roso to a point of order. The resolution of Mr. Hurst was not in order. Tho Chairman said tho resolution was fully in order, and the business was to go on from whore it terminated yesterday, Mr. Beetiiam: said tho motion was entirely out of ordor. The meeting was called to consider tho recent action of tho directors, and if deeiucd advisable, $o request them to resign. It was Hot coinpetont for Mr. Hurst to move, his resolution without giving three days notice of it. It had been brought forward, without notice, and it was consequently not in order. Captain t>Ai,DY submitted that nothing was more pertinent to the object of the meeting; than Mr. 1 Hurst's resolution. No objection had been taken to tho motion when it was moved on Wednesday, and ho considered it was relevant to tho object of tho meeting. There must be a negative and affirmative to tho question : Wero the directors worthy of confidence or not ? Mr. Beetiiam said that a reference to Mr. Hanney had- been' vefy warily introduced into tho motion when every one was in favour of Mr. Hannoy. Ho would move: ( "That tho directors be requested to resign." ! The Ouaiiimak said that Mr. Stovin was in possession of the floor, and Mr. Boetham was out of ordgr. Mr. Chapman said that his motion i-o-quosting tho directors to resign had been carried Oft Wednesday. Tho Chairman said the time had gone by^for taking exception to Mr. Hurst's resolution.' At the meeting on VVednesday ho hal been.very anxious for a full discussion to take'place, and for that purpose had permitted Mi*. Beetham to movo a resolution that was npfc cxactjly in order. Mr. Srovm said that tho feoling of tho meeting was evidently that the directors •hould resign. With re3puct to the question between the Coromaudel aud the Auckland directors, lio considered it beside the ttiirk altogether It was ovidont thero had been mismanagement. If that resolution of Mr. Hurst's was carried it would crea.teJJJf reeling, ,at< Qoramandol. . • If it' .were not carried the Auckland shareholders would be (isriatisfied. ' ti such a'cour'se was taken it > ras suro to cause, dissension and. dissatisfact iqn. i ul'ho, object 1 of 1 the meeting would be ' \ est carried out by, the retirement o>f t}ie L d iftib't'o'l'S",' *and ho would 'move this as "an amendment,. ''That tho objeot of this nieetTtyg would bo best carried-out by tho retiroment'of'thd'whole of the dir6ctors iri order t > shareholders, the power to select tliose in whom they have -confidence to natoage'' their' pfopdrt^ k'ttfl this^ westing therefore requests them to r»tiijjj'"' ( .-(Vt ,»jj-^ 1 Mr.jChapjwan seconded. V ', v ,,' Ti ;Mr. vfooLiAMS wished to say a few words •iri reference to what had appeared m the ( papers that morning.*'*H<e did-'not' wislr'lio'' takeaway any mini's character. When speaking of bosses o! shifts he had said that though Mr. W. H. Daldy-was an honest, clever 'young man he was incompetent to superintend minors, but ho did not say this of Mr. Spence. All that he said of him was that he wa* already appointed, and it would be 'Very unpleasant to discharge him. Then in reference to what he, said about the submanager, he had not said, as the Cross roportcd to him have said, that the man'Was totally incapable He had only said that tho ' m(in was a very good amalgamator, but not a good sub managor. Leaving these matters, he would refer to the poll taken last night, which ho objected to. According to the rules of tho company, a poll had to bo demanded by three shareholders, aud there w.h no record of thai?in the minutes. -The' poll taken wa-i therefore not legal. The Cutairman said the poll wj.h clearly domivndcd, aud as the meeting was not yet closed, no reference could be made to tire minutes ' t -,. Mr. Himsrsaid l^o and threo'othor'ge,utl$ imon ha-1 demanded a poll in accordance witjv the rules of fclio company, and ho could, it" necessary, name the gentlemen. Mr. BRKriiAite^aid it was nob a very iYrtt portant thing, but it wag beat. to- abide |>y i tho rules. , lt , ,' , Mr. Woollam^ again said that it was necessary for three persons to demand a poll, and as it was not entered * iti- thfei minutes'thafc it waVdona,^tho poll in consequence , was illegal - ,W"ith regard to the. retirement of tho directors fch«y.were going to vote whether thoy should* lob' not. He did' not wish the 1 matter-'to l>e burke'd. (> Ho tho.ugh't'ffc wonld be'best'for him to rolirb. p'ci Mr. Hub-st : You retired yesterday. Mr. Woollams : Mfc Hurst, if you don't know mannor's'you' should, learn them. CapJain Pai^y hftd.^said^siompthipg yostor-, daj about the.-; in the Coromaluld ftfait. ahd ha kajSwr'ifc was a He, whfea he said ifc." r "Tuafe "w<& fcjnwfiff word ty use, but it was quite rigfifi? '1' ," ' il . - Tho Chairman recomifl^ded^^Ir.^Wp/O^ l^ms ijo keep witfiin, the tr^lej of. Parliamentary debate. ■ • > Mr. Woollams said'he hi^d sorit a mossaga to Coromandel to inquire if r Captain, paldy > remark was true, and ho.'Juaa reueiretl a telogratn in reply, saying ■ tliab tho articles had boon written on the editor's own respon-' sibility, and without any i'rist ructions irqm' ftho'Cororaandel directors.-'^ ''ij ' s ' -s- ■'_•- ;, Mr. HtTRSTsaid, with'referenoe.to thb^oll takfen on Wednesday, he and four oclj.ej'f li#d a demanded it. j.This,,was the meeting ot/yes-.^ ftttday continued, jind, of course, thfe minute*' were not yot complete. A vory fair resolution, had been brought forward i^':'\ 'Stovin. If they.tUotigut.thp directoXfliiHould < retire, thoy ■hould. suv-isoi by ballot. He wa» ,vfr^8orn^ to see the'/dlipnt*.bet?we'en t]io, CGrbmandel and " tho Auckland 'director's^' Mr.j Woollams' qpequhhad been a.scrips of;, r iufeiiuations < agninit> >Mr, Ha'nnoy's manage-" mout. (No, no.) he, Corpn^andel Bharoholders,,did not c'q;mV'f9V«(ard'ii^tUe f,}wr open manner of Mr, Stovin. ' Thoy came forward with little innuendoes. Tho alternfc.. tivejbefore the-meeting iwas^ the Coromandel' diroiutors.or, Mjr. 1hU'^Tr. H/l'nh'ey refused Vo'wo'rk with tliotn,, As a miner, Mr. Hani\ey was onia par with any man-in j.the jplaqe., [A Voice': 'We are all in his t faYohu 4.!' 'T)i8giii8,e Xty&vyb ,nv«lit, $.<jre" was an,y ,m,ismatuvgomeufc it he managecmWM, to lilamo for it. If thpro i had"beenl'tn'is- , manbg8nVoht$ ',t%W^. B64*vM rf).B& n ' < neyJ ,as i manager,.,was,,r«8ponsiblo,; (.VWo,' 'no,'1 "Tho dicootprs arej"-) '■ '►) .'-- m n dp •..^BkJvrtx^Wtfa* to 1 B^ealt.'^Ut'TVas' led >1 tp.( qrder, % , ,^ho cl^irmaii.fy^ Hui st sai'd they rcqniroa a. manager and direifcor«"ih .whom Wiey had confiJlonco,'«,hd dia' loped thq .ballot wou|d" ddtiido J;he. ! mat er'orice and' for ov^r.^Miv .B«B?IHAM ■aid li«'.wa« sorry.iMr..'Hnrst > had'iagam r^pol( en about "1;ho man in t tho sfcrUet;" in, refere'nce'to'"tliO allege^^tiopqry 'pC^peyimcn|. j,W/hca.jttra accusation wa« ■ made dw.i tinefcly that robbery was going on,' he amd the tolMrges vr We 1r6 jy -6rtl^ 'inatlo^by M& in ,tlw-. «tHO*t. >{)'/iCAOr Ipttcffs "he , had;, ho Was veiy do«irpn» of 'laying before a pgmmitt'rfe. of'shaTtifiolders "for •''inqiijfy. 'H6 haj^.,sfhowfl M tho liters, to ,Rpme' l_sh/i,reholdpr's that m6rnu,ig;f-^Mr.< Stovin sugge«tcd ■ that! Mr. iBeetnamishonldfretiBrve -his lebtfaWi 1 ttlll jit. war:d^djSt|''%^^the $*fto direotors should remain in office; or.npfciTMr. i3^BTHAM«aid ho would read'aisentenoo' fi oirn one of ,tho letters. 7 Mr. H6w,A'ttb i Koad all the 1 lfettorti^.^jBfa^^Mdi^ 1 was hofc, fair to readrall^AB-l^fcc#r». jctTheyt wero'not to be laid before the meetiflgc-wKo

would read only a portion th.it.iU'eutedlhuicsolution. — Mr Howard thought that the lutlci.s should be demanded from Mr. Becth.im, and road to tlio meeting. Mr. Bcctham bail been tlio cause of depreciating thu shares 100 per cent. — Mr. Matthews said ho had asked Mr. Beethain if the directors had accn tho letters Mr. JBeotham had referred to yesterday, and ho had said No. — Mr. Bekhiam said that four out of seven directors had seen them. — A Voice : Tho mine is managed by one director. — Tho Chairman said that very likely thero had boon specimen-stealing at the mine. There ha'd been the samo charges raado concerning other mines, but when tho directors had asked for tho nanios of tho informants they had been refused. lie thought that tho parties who'made these charges should substantiate them. — Mr. Stovin said, that if tho letters wore uiado public now, they would defeat tho vory purpose for which they were writfceu. 'lhoy should not bo read before the directory question was settled. Ho ' > hopod the chairman would »set his face against such information being brought before tho public. — Mr. Bektham resumed : Ho could: not reoolleot himself if tho report in the fleio Zealand Hernkl was correct, but would Captain Daldy say if ho had used tho following words : "If they employed a man as a detective, they should put him in policemau's olothes, . sb that ho might be knowr. The man whdm thoy thus 'employed Had a very bad dharaotor on tho goldfiol'd, and might have macjo his charges just to gratify his potty spleen."— Captain Daldy said ho had not used the wordsin the //cmMrcport.— Me. BKBTHiifc laid someond had belied tho character of tho man who had sent the "information about the alleged stealing. Ho had sent to Major Keddoll, who spoke vory highly of him. Ho had Major Koddell's letter in his hand,' and ho said' he haft'known tho man for 20 years. - InspeotorBullen gave him a good character, also, bnt ho had opo littlo failing. —Mr. HUR8l' : What was the, little failing?— Mr. BEErnAM :' He Would 'nbfr say what the little failing was/ but.it was" one which both 'Mr. 1 -Hurst* and himself 1 knew something about. (Gteat laughter. )*-, Mr. Howard : Mr. JBullpn ,,gp|; rid of n him r because of that little fading. — Captain Daldy rose to reply to" one 6'r fcVo'tKing's. Mr. Boetham had dboken of ' quibbles, but Mr. Beetham had quibbled himself. He had attaclied to his resolution <f or/ /adjournment the day before the matter which hadioauiedhis motion to be , lost. If ho had ; simply . moved an adjournment, his motion would have boon carricl. , Mr. Woollams had spoken about ihe artiolep in the Coroimndel Mail, bat he would leave it to Mr. Hannoy to answer, that fy[r. Beetham had said that ho had examined' the miner when '■ He khow Mr. Hannoy was away, to soo if Mr. nanuoy had done anything 1 wrong. Ho did' not think that a right thing to do.--rMr. Bebtjiam: 1 did do so, and I consider 1 was perfectly right (Hear, hoar.) When Mr. Hannoy Went away his cxaniiuation was not completed, and 'he (Mr.; Bee'Uiatn) ownotl that no had asked' information from tho men at the mine.— Captain he fully beliovod what Mr. 'Beetham said, and that ho had taken those precautions. Mr. Beetham bad, said, that ipeciraon-stoaling had been going on, for three, months. That was a serious .thing, but ho would like to know what quantity had been taken under the wovious management. — Mr. Woollams said Bo was satisfied that specimen-stealing was going on, but his statements had been poohpoohed by tho directors, and ho would not take tho trouble to toll them ag.vin. — Captain Imloy said ho was vory glad that thoCoromandol divpQtors ' had : 'suoh j information, but the Auckland directors had not. — £Mr. Chapman -stiid tlio" directors had asked f6r' information of the sfMJcimdn-stcaling, and yjot when they had letters brought beforo _tlie meeting they would not have thorn road. *-*-Mr. Matthews said that the chairman's statement; tlyipj the^ 1 MeptihgV'was 'e'vi^onffly against; the reading of tho letters was an answer to that/s Kw!V a 1 1. i - ' iTho Chairman was about to put tho amendment, when ' Oaj>tdift "DA.Lt)Y,, said ho was sorry, thai; the night, before, some persons who were. mot shareholders had held up tlioir hands, and 1 othefs had Held up both liands. fie; appealed to^.those room who were not shareholders not to vote. |Tho Chairman then 'put the amendment, and a show of hands being taken, the result was: For the amendment, 19 ; agaiust, 14. 'Mr. Bell held up his handi bitt tho chair, man informed" him that ho was not entitled to vote. — Mr. Bull claimed to vote by power of, attorney. — Tho Chairman said he would take a , note of his claim. — Mr. .Hunsr demanded a poll. — Messrs. Brett and. Ward* roV> wero appointed scrutineers.' — 'The CHAnurAN announced, that the /poll "would close at a quarter to 4. ' ' " t ' During tlie polling a proxy by telegram .iwtos tendered, but tlis Chairman ruled it out of 'order.' Thb r'esulLof.tho'polIwas : For ,'^Iijd amendment, $,$10', against, 4,210: majority ag^iust^ 1,300. , ,, , JThe CirAtRMAiNnbvsr pub Mr. Hurst's motion to tho meeting. $• show of hands was i^akeH, and resulted in 14 for the resolution, ' and 13 against it/ - tMr. (P. McLkod mounted the platform, arid gesticulating rather wiJdly, said "lam "go|iny}»I- am -going to leave. I tender my resignation as director." — ;Mr. Woollams said itfwaa useless for him to domand a poll. The result of the poll taken was not a majofFilfy > of shareholders, but a majority of pn ).xies. Mr. BRBri? nioved that <c This meeting has on ;ire confidence in the Coromandel directors. Ov ring probably to the disorder which prova led tho motion was not seconded., — Cvptain Paldy, said tho fact was that OpJfo,-, mi^adel had only ; , 25 ' shavcholderB, while Av^clcland had 150. < 'oromaudol reju'oscufced g fourth of the company j but Auckland represented three-fourths, —Tho meeting • then dispersed.

; ) Tho following is *n analysis of the voting (eabh share, represents a roto) : — ■Votiss for Auoklaml Directors) 4,210 Votci of Auckland Dirocton (Watt, 810 ; Dftifly, , _. |260;iaoward,232 5"8tone, 83l) .: ..1,023 iVotJoi of Ordinary Sharoh older* for" Auckland • Dlreitof* 2.R87 i yptto for Coromandol Director! 2,010 votctfll florqraaqdcljDiroctori (Woollanii, 070 ;, • MbCooiI, 4>S ; CT Uinor, 228) . . . . , . . 1,705 , r Vot is of ordinary •liarohoiUeri for Cnromandcl '' f Dlroctora 1,205 Ma] >rity of ordinary •haroho'don In favour of {Auckland DlroStori' Motion 1,382