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    £}g ^ q&Ij 35 jMZBiA. QMM [No. SgSft8A»B...

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    PROTESTANT-POPERY AT LIVERPOOL.. The spi...

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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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    Sadleir's Allt Of Book-Keeping. In Decem...

    increased , ^ the profits must have increased . 4 & ttiis waa counter to the fact , but it _ waB necessary to show it upon paper . Joh »\ Sai > - ZXZB did-so ; -- 3 EEe represented that the customers balances had reached 759 j 223 Z . 16 s . 2 d ., with various other inspiring figures . But having told this to John Xaw , an Engnshman iand some others , it was necessary that 1 ; he report presented to the shareholders at the general Tipperary meeting in February should tally ; and John Sajdmsib wrote to

    ids brother Jambs that letter which was read in the Dublin Bolls Court on Friday last , telling James how " to work" the accounts —how to set down 500 , 000 ? . as deposits for 3 " oirar Sajxleib , and then to make out accounts amounting to 561 , 0002 ., distributed between five railway and other companies as advances made to John , representing the Said companies . He instructs his brother

    how " to work" a profit out of the figureshow to pay 6 per cent , interest , and 3 per cent , bonus . Jambs obeyed orders , more money was thrown into the bankrupt concern , and everybody knows the sequel . In this letter John Sadleib says that he is only recommending his brother to do what liad been done by three banks which he names . It has been averred that those banks ,

    whose names are known , have not , in fact , been guilty of the practices ; that it was only one amongst John ' s round assertions to snatch a kind of moral support for his reckless course . It may be so ; but no one will pretend that the art of book-keeping , as it is laid down by John Sad : lei : b , has not been practised by the officers of other banks . "We have seen lately a Idchfield bank , which was bankrupt at the death of its last manager , continue its organized bankruptcy through a long period in the life of its successor ; the same was the case with Strahan , Paul , and

    Bates , and now we have the Tipperary Bank . Here are three banks known to have maintained an outward show unsus ' tained by facts ; but is it possible to assert that those are the only three banks so managed ? Recently , well-known accountants in the City declined to construct accounts according to the plan pointed out , and those who required them to do it appeared to think that there was nothing very unusual in the requirements . 1 lied

    John Sadleir ' s letter supp some further evidence , which appears to have been overlooked . Is it not the case that many companies exist whose shareholders know comparatively little of the proceedings of their officers ? What did all the shareholders in the Tipperary Bank know of John Sadusib ' s practices ? His letter mentions five other companies—the South-Bastern Swiss Tiailway Company , the Prussian Coal Company , the Home and Frascati Railway Junction

    Company , the Grand Railway Company , and the East Kent Railway Company : now , are all these fictitious companies ? we believe not . It is probahle that they have connected with them men of as high honour as any in the country ; yet here . they are figuring at the head of false accounts in a jErjwudulen t bank . "Wo know well enough thptj thesecompanies are . not the only firms pjaced in the same predicament , John ^ a ^ i ^ jcb ' s , ttwnsactions emended ,, to ojbhers , aud ( . JpHif- Saph ^ ib ^ as not the only man of

    $ pp claes ^ , jC ^ Jjer © are o ^ he ^ , enterprises at the < ta » p $ n $ ua ^ pient , w ^ ich partak ^ mpre j Orjfips , fljft ^ e ^ Aji ^ Bi ^ , spirjit ^ o which , in , ^ flpthe SAanbtyiB « ar ^ , p . £ , bpok-keeping , and of money-^^^ n ^ J ^^ fien , strictly / applied , . ; -, ; , jXfovr ^ tt |^ a ^ jbh ^ se cpnipanies cpme intjo Vmffinp * iMmfc ^ WJ obtaincredit ? nWfo ^ PJKW WWttgfli of the fiwms . of con ^ ducting bueiness in committees .,, ^ . weetinga ^ ^ pus ^^ i * tt 4 i \ ^ mmmi ^ kl ^ g ^^ v 4 ^ ffO « Wff ft ^ Ivg . -jrne ^^^ fc ^ £ her , omv ^ nab . ly

    you find some few \ of business capacity- and of vigorous organization , - who obtain the mastery over the rest . Some few others , who know better , are weak and give way . The majority are idlers , who only come to get their guineas , swing backwards and forwards in their chairs , vote with the majority , and hasten off to their personal engagements . Men of this class are always led away by a show of importance . If a man looks wealthy , — -has good plain , but" distinguished" clothes , conies in his brougham or on horseback , — is known to go into high company , —or especially , if he is a Member of Parliament , with

    a probability of entering office , the herd will always vote with him , will always show their perception of distinction by appointing him to a high post , —will make him director , manager , anything , —and will trust him with their souls . It is this inherent vice of plural directorates , that calls the John Sadxeirs into existence , and furnishes the opportunity for applying the SAnuEiB art of book-keeping . It would be a deplorable mistake if we supposed the Tipperary Bank , and the five companies mentioned by Sad : leib , to be the only joint-stock enterprises in whose high offices the tribe of SadiiEib is to be encountered .

    £}G ^ Q&Ij 35 Jmzbia. Qmm [No. Sgsft8a»B...

    £ } g ^ q & Ij 35 jMZBiA . QMM [ No . SgSft 8 A » B 3 a # g ,

    Protestant-Popery At Liverpool.. The Spi...

    PROTESTANT-POPERY AT LIVERPOOL .. The spirit of sectarian dictation will cease when men completely trust in the proverbial predominance of truth , and believe that it " will prevail" by its own force . That it will do so , toe are convinced . Every day is giving us instances of truths established in the face of constituted authority and of armed prohibition . In Austria , Rome , France , and Spain , Pope and Csesar , judge and soldier , are engaged in preventing the people from knowing facts which have been established by science on the clearest evidence of human sense ; but the facts in Bcience prevail without the permission of Archbishop Cuklen , or the Society De Propaganda Fide ; railways , magnetic telegraphs , improvements in navigation , getting into use juBt as if there were no pope to obstruct the path of science . Men who profess to speak in the name of religion , however , are seldom anxious that " the truth" should prevail : what they desire is , that their own opinion should prevail ; or they would be willing enough for truth to develop itself , -without their too devoted agency . In their heart of hearts Pope and Caesar cannot help a misgiving that men will ultimately neglect to believe that the sun moves round the earth , unless inquisitors and armies are employed to compel belief . In like manner , the Liverpool Clerical Society may entertain , in its own secret conscience , some doubt whether all its tenets will be established in the world , unless the

    leading members can expel from their own body men who do not think with them ? The society has been in existence for many years . It was intended to promote social meetings of the Evangelical clergy , for a pious , but for the most part uncritical , study of the Bible . They were " to discuss , " but not "to debate . " At the meetings of the society they brought forward particular chapters of the Scripture ; and the older members having read up commentaries , reproduced their recollections of these commentaries .

    Gradually a " divarication of the Word" doveloped itself . in the meetings . T > r . M'Nbiue and . the , Irish Evangelists introduced high Calyinietical views . Mr . Ewbank , a pious And charitable man , corrected these extremes by what we , call , though the word would . perhaps . be , repudiated iby the gentleman himself , a naturalist view oif , theology . Mr . Ewjbank djed , and Mr . , Ma , onaught , a youug member ^ of the , ; society , appears to ha , ve received his

    mantle . One evening the subject was Acts vii . 1-16 : —• ; r ' Several speakers have pointed out the discrepancies between this part of Stephen's speech and the Old Testament history . Doubts have been raised , and miserable paltering explanations have been given of the five or six difficulties in these first fifteen verses of the protomartyr ' a speech . The chairman of the evening invites Mr . Macnaught , in due course , to make any remarks he likes Mr . Macnaught settles on the 15 th and 16 th verses ' He notices that Stephen says , Jacob and the patriarchs were buried in Sychem of Samaria ; -whereas the book

    of Genesis ( 1 . 13 ) makes Jacob to have been " buried in the cave of the field of Machpelah before Manire , " or Hebron , to the South of Jerusalem . He notices that Stephen says that Abraham bought the sepulchre at Sychem from the sons , of Emmor , the father of Sychem : whereas Genesis ( 1 . 13 ) states that it was a burial-place at Machpelah that Abraham bought , and the same book of Genesis ( xxxiii . 19 ) declares , that it was not Abraham but Jacob who bought a field in Shechem at the hand of the children of Hamor . Mr . Macnaught observed that

    here was an obvious discrepancy . The usual modes of explaining away this difficulty he supposed every man felt to be wholly unsatisfactory . Could the brethren he asked for information—throw any light on this point ? And if not , and if they must in candour confess that either Genesis , or Stephen , or Luke , was in error on a simple matter of historical fact like this , then what security had any student of the Bible that those sacred penmen , who might err in plain matters of fact , might not also err in the mysteries of the faith ?

    These questions appear to have fallen like bombshells among the members . The Irish Evangelists declared that it was interfering with the doctrine of inspiration . The managing committee itself invited discussion " the question of inspiration , " aud here the new schism became wider . At this meeting Mr . Macnaught " argued against the popular idea that inspiration implies infallibility , "— - a subject on which he has since published a

    volume . * He insisted that the Bible was inspired , but that this did not prevent there being errors in the Bible . If rightly regarded , he said , this recognition of errors in the inspired volume rather helped Christian faith than otherwise . In short , as the chairman said , " Mr . Maonatjght questioned the inspirational infallibility of Holy Writ , though not its inspiration . " Loud was the denun ciation on the other side . Dr . Baylee had

    already said that there is no logical restiugplace between verbal inspiration and atheism —a man must either believe that every word of Scripture is inspired , or he ought logically to deny the existence of a God . Mr . Minton " would not stoop to pick up a Bible that would lie at his feet unless he thought it was the infallible Word of God . " " Infidelity" was thrown in Mr . Macnaugut ' s be

    face . The young clergyman asked to assisted in his doubts , asked to be aided with explanations , asked to "be helped to further information . Dr . M'Nieug proposed to pay him a friendly visit , " and at that friendly visit discovered that there was no common locus standi between Mr . Macnaught and the society . May came , that month of reviving nature and religious sweetness , and with it the formal notice for Mr . M \ c-

    naught ' s expulsion from the society . He had not only " discussed" The Bible , ho had " criticised , " he had " debated , " he had doubted ! He had found ono mode ot reconciling t he human instrument , the published volume , under all its liability to miaprint and other errors , with the broader truths of Christianity ; but the maa ^ y but the

    could admit any doubt—what is ho subject for expulsion ? There are no miaprints in the Bible ; there never were any . No man can really have taken part in the putting forth of tbat sacred volume , without being infallible in all that related to it . The writing of the text w without human error ; tho printing ot me text must of course be on an equality , wit | i the writing , bo there can bo . no mfopnnMntf ; * * Macnaught on Inspiration . Loiigmon , Krown , Grew * . and . Lopgmans . ¦ i , ,. , '

• Citation
  • Leader (1850-1860), June 28, 1856, page 12, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_28061856/page/12/