This unfortunate company is again in difficulties. After along and chequered history of more than ten years, during which it has been reconstructed, declared one dividend, and twice eaten up its capital, its directors have again to come before' the shareholders to confess failure and impe-curiosity. On the 27th inst. at an extraordinary meeting, called for the purpose, the Chairman put a series of resolutions for the reconstruction of the company, increasing the value of the present shares from $4 to $8, and calling up $1 per share of the new capital. The Chairman expressed the hope that it would be unneoeeny to, make exhausted and it would be impossible to mare than a first call, but their funds were reach the lode for which they were sinking Defore December. I confess I don't quite understand why the paying stone should have so suddenly given out. "There seems to be a difference of opinion between Mr. Blarney, the manager, and his assistant Mr. Philipps on the matter. Mr. Blame is sanguine of ultimately reaching stone, but so far the shareholders have had only 'a long chapter of disappointments. The resolutions were duly put and carried by the meeting, but there is none the less a great deal of dissatisfaction at the necessity for an expensive reconstruction of the company, and many of the shareholders would like to see a new management.
Text read from the printed page and cleaned; old type leaves the occasional error.