Current:

Leader (1850-1860), 11th October 1856, Edition 1 of 2, Page 970, Untitled Article

Page 970
Page 10
10 of 24

On this page

  • Text (2)

      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.

    • Untitled Article

      Untitled Article

    • Untitled Article

      Untitled Article

  • Transcript

    • 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.

      Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.

      Untitled Article

      the passenger traffic from England , bat also from the United States , as well as by obtaimng postal allowances from both countries . The line will also possess the ^ advantage of being of incalculable importance to -New Zealand It'is calculated that the entire voyage could be performed in 55 days , and the constant experience of the way in . which the Australian arrivals via the Cape tave ¦¦ been anticipated by letters brought by transient sailing vessels to Peru , and thence transmitted across tte Isthmus , tends to warrant this conclusion . The capital necessary is 4 : 00 , 000 ? ., and this is suggested to be raised partly by an issue of new shares of 20 ? . each , and partly on debenture . The departures would be monthly , and would "be fixed "between the times of the Suez line , so as to secure a fortnightly communication . " —Idem .

      The firm of T . and H . 6 . Gray and Co ., colonial biokers , chiefly in the rice trade , has failed , and the estate will probably go into bankruptcy . The total liabilities are said only to amount to 28 , 000 ? ., aud the dividend expected is 10 s-in the pound . A meeting of the depositors in the Royal British Bank took place on Monday evening in St . Martin ' s '' . Hall , liODg Acre , for the purpose of receiving a repoxt prepared by tlie committee which had been previously appointed . Mr . James Wyld , the mapseller of Charing Gross , presided , and read the report , vrhich complained of the delay in winding up the affairs of the bank caused "by the shareholders . Mr . Harding , the interim manager , Iiad stated to Mr . WyId that he intended to conduct the affairs of the bank without reference to the interests of

      Ihe shareholders . He also said that he had issued forms for the proof of the debts of the depositors ; that he intended himself to carry the proofs before the judge , and thus save the estate the expense of an attorney ; that "• with all despatch he could not declare a dividend before the end of the year ; that , with the information at that time before him , he could not declare a dividend of more than 5 s . in the pound at the end of the year 1856 ; that his impression was that the whole affairs of the bank , under the ordinary course , could not be wound Up under two years ; but that he was prepared to obtain advances on the securities of the baok , and that , if the depositors would accept a composition of 15 s- in the pound , he would pay a dividend of 5 s . in the pound in

      the month of December , 1856 , and issue promissory notes under the authority of the Court of Chancery for the payment of 5 s . in the pound at the end of six months , and 5 s . in the pound at the end of twelve months . " The c ommittee are o opinion that the depositors should be represented equally -with the shareholders before the Vice-chancellor . Mr . Wyld , after reading the report , proceeded to remark that , although five ¦ weeks had elapsed since the stoppage of the bank , no steps had been taken by the shareholders to liquidate their claims . V He had no doubt the shareholders imagined they would wear the depositors out by the proceedings in Chancery ; but such , he trusted , would not be the case . He had received several letters from persons who stated that

      many of the shareholders were about to quit England , and would not pay anything unless the depositors consented to receive a compromise . Before they accepted a compromise , it was their duty to look to the assets of the bank . And how did they stand ? Mr . Coleman stated that the assets amounted to 288 , 000 / . as against oiJ 9 , 031 / . liabilities . The last call of 50 ? . por share which the bank made before it broke would realize the sum of 04 , 870 ? ., which , added to the other sum , would give the assets at 476 , 440 ? ., which , by making a call of 80 ? . per share , would pay all demands in full . " Mr .

      Coleman , who was present , confirmed these statements ; and , after some discussion , in the course of which great excitement was caused by a Mr . Maxwell , who spoke in such violent language of the manager of the bank that the chairm an checked him , and who stated lie had offered an eminent firm of solicitors 200 / . to "bring the directors to tho bar of the Old Bailey , a motion in favour of appointing Mr . Coleman official manager was carried by a large majority ( though not without considerable uproar , and an amendment in favour of Mr . Chattcris , which was lost ) , and the meeting separated .

      A letter , of which the following is a copy , appeared in all tho Glasgow newspapers of Saturday : — - " Sir , — Finding that during my absence injurious and unfounded charges have been made against mo -with reference to the Hoyal British Bank , I have now only time briefly to say that I will soon and fully refute those charges . I was neither tho projector nor founder of that bank . I was , it is true , deluded into the imprudence of becoming a director of it . But after my election , in 1852 , for Glasgow , I resolved to have no connexion with any joint-stock company whatever ; and 1 have carried my resolution into effect . Meantime , I am your obedient servant , J . M'Guegou . — Athcmcum Club , ¦ L ondon , Oct . 2 . "

      The trader debtor summonses issued against Mr . Aidcrrnan Kennedy and Mr . F . J . Law in connexion rm , L 1 ?? wrto Commercial Bnnk ivcro brought TueSav Mv r ! . n tho Court of »• " >**»?** on J ££ m w-i 1 Comfru « si « nci- Goulburn deferred his debu 5 S , o « 1 « ° " ^ in th 0 c « sc of Mr - Kennedy i Lm ™ S ? T ? Ti ™ ? ' W WIS dismissed . The dav Xn h ! UCftl Kr ° Un ( l 8 ' enaucd ° » Wednes-SreSlnto * ***** ** KonM ^ ™ ^»

      Untitled Article

      bar question . " He proposed that the meeting short consider some plan for the consolidation , of the tump {] trusts in the county , as had been done in connexion wi the roads to London ; and he denounced the mode of cc lecting and spending the statute labtrat money of t Scotch counties as an example of taxation without r presentation . The tax also -wag most unequally and u fairly levied . Resolutions in favour of a change in t existing system were unanimously adopted . Alleged Flogging op Paupek Children or S Pancbas Ax Whutechatjel Union . —A meeting- of t directors of the poor of St- Pancras was held in tl Board-room , Vestry-hall , Caniden-town , on Tuesday f the purpose of receiving the report of a committee ' a pointed relative to the alleged flogging of pauper chi dren belonging to the parish of St . Pancras , farmed oi at the schools of the Whitechapel Union , Forest-gal

      The particulars respecting the alleged flogging werexoi tained in a letter written to Mr . Lawford , a St . Pancr ; director , by Mr . Potter , tile late master of the S Pancras Union , who had been transferred to tho jurisdi tion of the Whitechapel authorities . Potter ' s letti stated that a boy had been ilogged till the blood dowei The committee reported that they had examined M Parton , the schoolmaster by whom tlie punishment w * inflicted , and several other persons , including the be who was flogged , from whose statements it appeared-tin the assertion in Potter's letter was unfounded ; and Pott himself , on being interrogated , admitted that lie did n know that any blood flowed after the beating of the be Coivan , but that be was told so b y another boy . Sever directors expressed themselves against corporal punis ] ment of any kind . The report was adopted by a larj majority . /

      Political Muktinq a . t Great YAEMou-rir . — . meeting was held at the Star HoteL Yarmouth , c Monday evening , for the purpose , of receiving Mr . A 1 T . M'Ciulagh , and Mr . E . W . Watkin ( of tlie Mai Chester , Sheffield , and Lincolnshire liailway ) , as cand dates for the borough , in the Liberal interest . Bo gentlemen expressed themselves in favour of parli mentary reform and decreased expenditure , and d nounccd the oligarchical nature of our Governmen which compromises us witb other nations . Uesolutio pledging the meeting to do the utmost to secure t return of the candidates were unanimously passed . A Waterspout appeared on Sunday evening in t neighbourhood of Oldhana . On bursting , it did grc damage to the neighbouring embankments and roa < and flooded several mills .

      Mr . Ernest-Jones's Political Soirue .- ^ -Aii ent « tainment , half-musical , half-political ^ was given by IV Ernest Jones at St . Martin ' s Hall , on Tuesday evenirj There was a miscellaneous concert in two parts , aft each of which Mr . Jones delivered a discourse on t state of the working classes , very eloquent , very pr sionate , very effective , and containing a large amount truth , but spoilt , as usual , by the too great vehemer and impulsiveness of the party to which the spcal belongs . Mr . Jones soug ; ht to show that the conditi of the English working man is worse than that of t Hindoo pariah , the Russian serf , or the African slai and he supported this view by quoting the various la which oppress and fetter industry , deprive the poor n

      of the power of voting for members of Parliamc though he ia compelled to pay the taxes , and bind 1 body and soul to the landed and moneyed aristoeni He complained of the misappropriation , which , restored to the people , and properly cultivated , woulc able to provide corn for the whole nation ; and alluded to the times of Cressy and Poitiers , when fre « yeomanry of England were sufficient to iill armies with resistless soldiers , -while now wo are obli to hire " the scum of Europe" to fight our battles , poverty now observable among the working orders attributed to the diminution of arable land , and the crease of grass land . Under the present system ,

      labour that might bo usefully employed in produ ' food merely lowered wages in the manufacturing triets by an . unnatural increase of competition , thus , while on the ono hand food was becoming scar the means of purchasing it were becoming more sea Mr . Jones stated that ho was no communist , anarchist ; he desired to have peaceable , coustituti reform ; but , if this be lefusod , a violent Htrugglc r ensue . —Among the songs which were sung in the co of tho evening was ono the words of which were by Ernest Jones himself . It was called " 'Die Song of Lower Classes , " and was full of burning unrcasm iiery indignation .

      MIS C EILANEO U . S . The Court . —The Queen , Prince Albert , and the toyal family and suite will , it is understood , return to Windsor from the North on Wednesday next , the 15 th irist . The royal train will proceed from Edinburgh to London b y the North-Eastern and Great Northern route . The Prince of Wales is travelling incog , in the southern parts of England , accompanied l > y his tutor . He goes about to seethe * lions ; ' walks a good deal , and travels , like any other mortal * by stage coach or ordinary train .

      Official Appointments . —The Queen "has appointed the Rev . Richard Chenevix Trench , M . A ., rector of Itchin-Stoke , Hants , to the deanery of Westminster , vacant by the decease of the Rev . Dr . Buekland . Governor Darling , of Newfoundland , will be the successor at Jamaica of Sir Henry Barkly , appointed Governor of Victoria . Mr . T . B . Burcham , of the Norfolk Circuit , and Recorder of Bedford , is appointed a police magistrate in the metropolitan district in the room of Mr . G . A . A'Beckett , deceased .

      The Bishop of Londox Elect . —Dr . Tait , Dean of Carlisle , recently appointed to the ' Bishopric of London , took his farewell of the people of Carlisle on Sunday afternoon , when he preached in the cathedral , which was crowded , in spite of the unfavourable weather . As a proof of the esteem in which Dr . Tait is held , it may be stated that a number of the inhabitants have subscribed the suvri of 500 ? . towards the erection of a memorial window in the cathedral to the live children wlucli he lately lost by scarlatina . The Retirement of the Bishop or DuRHAjsr . —

      The Dean and Chapter of Durham have addressed to the retiring bishop a letter expressing their high esteem and regret at paitingy their intercourse of nioie than twenty years having been " uninterrupted by any ( even , the slightest ) disagreement . " To this address , Dr . Maltby replied in a similar tone of friendliness and kind feeling . Archdeacon Denison has filed in the Registry of Bath and "Wells a paper of great length , in . which he defends his doctrines , and asseits that it is riot in his power to make the revocation- demanded by the Archbishop of Canterbury .

      Tribunals of Commerce .- —A public meeting , convened by the Association for tlie establishment of Tribunals of Commerce , was held last Saturday , ; at the London Tavern , for the purpose of receiving from Mr . II . Dix Huttoh a statement intended to have been submitted to the Congress for commercial reform , recently held at Brussels . Mr . F . Lyne took the chair , and introduced Mr . Hutton , who read a paper of great length , the object of which was to show the radical inefficiency of the ordinaiy tribunals to administer justice in commercial matters , and the consequent necessity of establishing Tribunals of Commerce .

      The Wihtefriars Gas-works .- —An . examination of officers of the City police , in connexion with the alleged nuisance arising from the gas-works at "VYhitefriars , took place at a sitting on Tuesday of the City Court of Sewers . Several policemen , including inspectors , sergeants , and constables , gave evidence of the poisonous effect of the vapour on them . Mr . Grey , one of the directors of the company , stated that in a few days a complete answer would bo given to the statcm ents ; and Mr . Childe , the surgeon to the police force , said that the officers on the beat in which the works are situated were peculiarly healthy , adding , however , that he did not mean to question the veracity of the men . The proceedings were adjourned .

      A Discourteous Captaih . —Dr . Budd , of Plymouth , recently laid a complaint before , the Secretary of tho Admiralty against Captain Nias , R . N ., Superintendent of the Royal William Victualling . Yard , Plymouth . The allegations of Dr . Budd were to the effect that the Captain had treated him , while visiting the yard , with great discourtesy and rudeness , and without any apparent cause . The Lords Commissioners of the Admiralty , having made an inquiry , expressed their regret to Dr . Budd that the occurrence should have taken place , but added that they were sure Captain NIas did not intend to offer any discourtesy , and that the Doctor must feel he permitted himself to use irritating expressions . A letter from the Admiralty to Captain Nias conveys a mild reproof . Dr . Budd has since written a letter to tho Admiralty , complaining of " unjust treatment . "

      Tins Malt-tax . —The repeal of the mnlt-tax was advocated by Mr . Drummoncl , M . P ., in a speech ( full of his accustomed oddity ) delivered by him on Wednesday , at tho annual meeting of the Surrey Agricultural Association . Mr . Drummond was eloquent in UiopTai . se of ale , and in tho r / i ' spraiso of " the nasty , beastly , black compound called London porter . " lie thought the repeal of tho malt-tax , and " plenty of really good beer , " would go far to improve tho morals of the people . Dinnku to Loui > Panmurh . —The tenantry on tho Panmure estates , on Thursday week , entertained tho War Secretary at a dinner at EdzulL A pavilion was erected within the grounds round tlin old castle , and tho chair wna occupied by Mr . David Robertson . In the course of his nfter-dinner-spttech , Lord Punmuro said that ho lind no doubt thoDuko of Newcastle would have

      Sin William Temit . is ' 8 Art Coixections . —Ihe English ambassador at Naples lins bequeathed to British Museum his valuable collection of iictile v bronzes , mosaics , gemn , marbles , medalt ) , spechnci ancient glass , ornaments of gold and silver , < fcc . collection was made by the deceased minister durin , oflicial residence at Naples , where tho various objoc art just enumerated still remain . Tho present il niatic difficulties with tho King will probably \ m their transmission to England just now . Tins Kakx , ok Ai-hicmahmc anij JIarvkht IIom : Tho Earl of Albcmarle haa reappeared as a harvest 1 reformer at n meeting held at Winfarthing , near Norfolk . Addressing a party of labourers with wives and children , tho Earl observed : — "At Banh Baid that lurgebs had heard ita death knell , ami 1 t

      dono everything that could have been desired for the army if lie had not been driven from otfico by " clamour . " —Lord Panmuro has Bince , at tho Forfar county meeting , expressed some opinions with reference to u the toll-

      Untitled Article

      970 TH E X E A D E U . [ No . 342 3 Sattjrdat ,

  • Citation
    • Leader (1850-1860), Oct. 11, 1856, page 970, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2162/page/10/