Oil Gas Company.
TO THE EDITOR OF TIE TIMES. Sir,-A few weeks back I was induced to subscribe to an Oil-g.lS Company, to be established. in London,-and which I was ledto sup_ pose was numerously ;and tespectably supported by subscribers to a capital of 500,0001. The bil for incorporating the Company being rejected by the house, I observed a meeting of the subscribers ad- vertised for Thursday. On attending it, I was much surprised to find that insteat of several hundred subscribers attending, which might reasonably have been expected from an alleged subscription for 500,0001., the whole number, including committee, trustees, se- cretaTies, solicitors, &c, did not amoant to 30. It was proposed that the projected Company should be carried on under a deed of settlement, in which 16 persons were to be directors, 5 trustees, 3 auditors, and I secretary.24 officers in all. It was objected that theneeting, not being calledfer appointing officers, it would be but decent that the other proprietors (if any) should be consulted on that specific purpose, but 24 being the majoritv of 30, they proceeded to appoint themselves into the said offlces. I think it but right thatthe public should understandI how these Companies are got up, and the offces appropriated, and I should therefore be much oblited bv an msertion ot the present in yeur valuable jousnal. A. B. OIL GAS. COMPANY.