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418 The Leader and Saturday Analyst. . [...
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THE PULLINGEE, FRAUDS. " JOINT Stock Com...
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Transcript
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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Church Dissensions. Where Are Certain We...
power will only be available towards curates , who are already too much under episcopal control . ,. - . ' . . „ Now , as matters stand at present , every incumbent- is his own roaster in his own parish . His duties are to a ?****}? ' **&&* £ fined , but there is a large margin , in which he is left to his own discretion . The canon law binds him , in some respects , to a cou se of conduct at variance with the feeling of the nation , and he hoWs himself therefore excused from attending to this latter . He may refuse to bury one , and to marry another , He may refuse the sacrament of the Eucharist to persons whose fitness for its reception he doubts . He mav adhere to a multitude of obsolete regulations . colour
and offend his parishioners every day of his life , under oj keeping his ordination vows , arid showing himself a good and pious son of the Church—and there is no knowing what direction piety may take in some oddly-constituted minds . Stanley Faber tells us of an ecclesiastical dispute , not altogether unlike those which weekly take place at St . George ' s-in-the-East , in which an energetic member of the orthodox party " piously poked out the eye ot Stephen , Archbishop of Grau , with a stick . " We confess that to such exhibitions we entertain a very decided objection . It would matter little to sensible laymen what kind of robes the clergy ot parishes thoueht fit to wear—green and gold , red and yellow , copes ,
albs , dalmaticas , stoles , and all the wardrobe of mediajval Eome might be adopted ; and , if this were all , it mightall be done without offence : but , when we know that these mummeries are inconsistent \ rith sound common sense- ^ that if a man show himself to be a fool in small matters , he is very likely to be one in affairs of greater consequence , and that the man whose mountebank tricks and harlequin dress offend and disgust us every Sunday is in many respects the most important personin the parish , that he has the especial duty of instructing the ignorant , and training the children of the poor , — character
then things , in themselves of little moment , assume a grave . At all events , the entire destruction of that devotional feeling which ought to characterize the attendants on public worship is not a light evil ; and this , no one can doubt , is the consequence of such absurdities as those which are witnessed , week after week ,... at- St . George ' s . But a still grayer importance attaches to these practices when we knowTthat they are SQ-decidedly the . badges ^ of ^ a party as to indicate , in almost every possible direction , the opinions of those who adopt them . A man wears an embroidered robe of many colours ^—he fancies that the rubrics bear him out in so doing ; he
is therefore opposed to a revision of the Liturgy ; he adheres as far as possible tojihe canon law , because he imagines that all his practices are in accordance with its provisions ; he therefore opposes any alteration in the present most iniquitous arrangements about marriage . He knowsi " + v . ot if the Voluntary svstem couloV only prevail forViie hour 7 he andTiis abettors would " " deprived ot an . ywj ™ C » troubling the Church ' s peace ; therefore he stands up for Church rates and all similar imposts , and he vehemently resists the slightest introduction of the lay element into Church polity . He believes that his party have , and will continue to have , the distribution ot the loaves and fishes ; he therefore has no desire _ to see . wrings equalised , or the poorer clergy elevated as a class . He would take —^ nen-of ^ Hound-Ghurch ~ yie ^ vs ^ -out-ofUhe ^ ir ; e . ^ Jl ut he woul d , , wish the mire to remain for the others to stick in . Holding what are called " sacramental opinions , " he does not recognise dissent as Christianity , and therefore ha 3 nothing to do with those societies
( such as the Bible Society ) in which the co-operation ot Nonconformists is allowed . He opposes the Church Missionary ^ Society and the Pastoral-Aid Society , or at least withholds from them all aid , on the ground that the one is not in safe hands , and that the other has a large mixture of the laity in its composition . The character thus described is consistent enough , foolish , we grant , and unchristian , but unhappily by no means rare ; and his mode of celebrating divine service may be , and is , taken as an index ot the man ' s opinions on all . other points of doctrine and discipline . At results from this , not very logically perhaps , that in . the popular mind all who agree with him on any one of the multifarious subjects in dispute are supposed to agreo with him in them all . He Encourages the notion himself as far as he enn , and would have ¦ the world believe , that the ten thousand clergymen who have signed tho document lately addressed to , Lord Eb , ur . y , and deprecating any change in the Liturgy , are with him in all his ways of , thinking and Churcii 01
acting . It would be a bad thing for the . ungiana n there were ten , thousand of her ministers like Mr . Bryan Kino . But it is what a large . number of the laity do believe ; and unless the ten thousand can beat a , retreat as slcilful as was that ot Xenophon , the notion will increase in strength , and spread widely . It can hardly faij to . . tell , with deadly force upon the Church rate question ; and that once settled adversely to the Church , it requires no prophet to see that tithes will bo the next object of attack ; and to alienate tho affections of tho , laity at such a juncture is , a most suicidal proceeding . Little dp the ton thousand think of tho mischief they have done , and a . very , gmalL portion of which is now m their power to undo—little do " ,, they know aow the laity m general read their dooument , and what has already been its effect m tj » e House of Commons . : ¦ ¦ •_ .
We shall be told that ages ago the Church Establishment was threatened with sweeping reform , and that in the reign pf Henby IV . the axe was a ] bput , to be laid , to the root of the tree that threatened men hero long , and tliat the Church \ a certainly less corrupt now than it was im the fifteenth century . Wo are willing to admit the last proposition , but not to the extent that its advancers require . The Church in her temporalities is extremely corrupt at the present time ; and if Church rates are dopmed , the thin end of the wedge is already inserted . We are not likoly to see the foil of tithes m a
hurry . The present generation will pass away , and leave them behind as an existing institution of the English Church ; but they are only safe for a comparatively short time . It will take more dotation , a longer period , ana the aid of more powerful men to uproot them , than have been necessary to uproot Church rates , because the interests involved are greater ; the laity are largely concerned , and the whole hierarchy will hold up their hands to preserve their property . But when we recollect how short a time has elapsed since Thobogood of Braintree was , in the late Mr . Barnes ' s admirable language , " a feather-bed martyr , a parlour boarder in the school of tribulation , an inside passenger to glory , we shall , on considering the present position of the Church rate question , be able to work out a similar problem with respect to tithes . ... ' .
_ Now , we wish our readers , and especially our clerical readers , not to mistake our object . We are not arguing in favour of abolishing either tithes or Church rates . We are merely looking with open eyes on the signs of the times ; and we put them on their guard , not , in the present temper of the public mind , to provoke the enmity of the people , not needlessly to confirm the idea that there are ten thousand medievalists—half Romanizers—among our clergy , and not to lose any means of conciliation which it may be in their power to adopt .
418 The Leader And Saturday Analyst. . [...
418 The Leader and Saturday Analyst . . [ May 5 , I 860 .
The Pullingee, Frauds. " Joint Stock Com...
THE PULLINGEE , FRAUDS . " JOINT Stock Company" has well nigh become a cant term for « J a rogues' nest , and unless the morality of these institutions can be improved , honourable men will shrink from being directors , and the management of associated enterprises will fall entirely , as it has already done to a large extent , into the hands of speculative tricksters , who prefer an exciting career of plunder to one of steady industry and slow accumulation . In some instances of defalcations , the directors have been the parties directly guilty of the offence , as in the case of those fraudulent banks and swindling assurance offices whose names have become feloniously familiar . In other instances the robberies have been committed byservants , such as Eobson at the- Crystal Palace , Redpath at the Great Northern , and PraxiNGEB at the Union Bank ; but in all these casesthe directorshave pursued a course of conduct that naturally Jed to the calamitous result . In the Crystal Palace there was a-recklessness both of- calculation and assertion ; the affair cost three times as mucli as the shareholders ] were originally led to expect , and _ a system of profligate expenditure went on with scarcely an attempt at check " . The wonder was , not that a single official was detected in plundering , but that the malversations did not reach a much larger amount . VhrriinnfNTrtv riimf
' , .. ¦ t . hfim vpioiced in a chairman who di ?«! ivcd ei ' eac vhry .. Mrtvt . hem reioiced in a chairman Wsiq «! Spiaycci greac aclfvifcyin " niahitaTii ] ng- " his position against a discontented proprietary ; but the " Board" could find no time for that accurate supervision of accounts that would have detected , the transactions of JRedpath long before they reached the enormous amount of £ 240 , 000 . The directors were not in the habit of inquiring into the appropriation of the large sum set apart for the payment of dividends , and by this gross negligence they facilitated the robbery that took mace . ~ ' ' " *"" ¦ : " ~ " ^ ¦ ¦' ' ¦ _ ' . ~ Z After the confidence of the public had been shaken by a remarkable series of ioint stock company frauds , Mr . H . L . Morgan , the
accountant employed to investigate the Patti , and Manini delinquencies , brought the question of directors' duties and responsibilities , to a focus in an able pamphlet , in which he pointed out the causes of the catastrophes that had taken . place , and indicated the means by which they might be easily avoided in future . Mr . Morgan observed , that honourable men could- only make their position as directors safe by " enforcing a niethod of book-keeping and preparation of statements so clear and complete , as to afford them from day to day and from week to week as accurate a knowledge of , all important facts as a merchant or banker is in the habit of obtaining- in his own counting-house . " Mr . Morgan added , "A director should assume every thing to bo incorrect which he cannot fully understand ; he should take care that an audit is a reality and not a sham , and never suffer a single document to go forth to shareholders or to the public upon the authority of any accountant or auditor , however honest and able , unless it bo so
arranged as . to give to his own mind , without doubt or difficulty , every information to which his constituents or "tlie public are entitled . " Nothing can bo plainer or ' more reasonable than this advice ; and yet the Union Bunk frauds show how impervious " Boards " are to anything like common sense . Tho particular frauds for which Pujdlinger is now in custody could only have been committed within the five years during which ho held the post of chief cashier , and they amount to a thousand pounds a week for the whole time , and in tho aggregate to £ 203 , 070 . 8 a . lOd . Not once , while these gigantic robberies were beuig committed , could tho directors or manager have adopted a single rational precaution to know the etato bf"tiieir cash affairs and balanoe at the Bank . The story laid before tho public is , that
PuixiNajEji decoivod the ledger clerk and Board by producing a forge d pass-book , and withheld the rail book from them , while his tricks wore going on . If this be tho case , It will appear that the Management habitually neglected those precautions which arc universally adopted by private firms . When a merchant , sends a clerk to his bankers ' , he not only ascertains that ho takes tho right sum with him , but that hq tulces tho puss-book also , and on his return nothing is ensier than to seo from the entry that the right sum has boon paid in . It is true the clerk might pocket the money und forge the entry : but his employer is accustomed to tho look of tho real
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Citation
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Leader (1850-1860), May 5, 1860, page 6, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_05051860/page/6/
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