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Leader (1850-1860), 18th October 1856, Edition 1 of 2, Page 987, Untitled Article

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      Untitled Article

      STATE Or TRADE . The reports from the manufacturing towns for the week ending last Saturday confirm all that- has been said regarding the extent to which , the trade of the country is independent of the movements of the discount-market . In no quarter is there the slightest indication of the advance to six and seven per cent , having interfered with the regular course of operations . At Manchester , prices have been fairly maintained , and goods for the most part are firmly held . At Birmingham , there has "been full

      employment , and general prospects are encouraging . Foreign orders are received to an average extent , while from Australia the demand is active . For iron , previous quotations are still maintained by the leading firms , although , there is inucb . underselling . The Nottingham advices describe an active busi # is both in lace and hosiery , with a tendency to higher prices . In the woollen districts , there is great steadiness , the home demand being satisfactory . The Irish linen markets have again been without variation . —Times .

      the Royal British Bank , I deny the amount of debit , either legally or equitably ; and for any legal debit , of which , -when I can ascertain the details— -which I cannot for some , days—there are numerous offsets , as transferred New Three per Cents in the Bank of England , 1000 ? ., then at Q 5 % ; 500 ? - stock at par ; other securities , valued each at from 300 ? . to 400 ? . ; two valuable life policies , that especially of a very old one , in the Law , for 10007 ., to which several large bonuses have been added . As I have concluded in haste , I will only add that I will not shrink before calumny , nor shirk from paj'ing any just claim that may be proved against me- I will not yield to clamour nor injustice . —I am , &c ., J . M'Gregok . Athenaeum Club , Oct . 9 . " .

      A serious question has presented itself , bearing on the contest as to the best mode of winding up the bank . It appears that by the terms of the lease of the mineral property in " Wales held by the bank , and which has been estimated at a value of 40 , 000 / ., the title to it will become void in case of the holder or holders passing tiuder bankruptcy or taking the benefit of the Insolvent Act . In the event of the estate being wound up in Chancery , and the bankruptcy proceedings being superseded , this contingency would not arise .

      In the general business of the port of London during the same week there has been increased activity . The number of vessels reported inward was 288 , being 112 over that of the previous week ; and the number cleared outward was 123 ( including 17 in ballast ) , showing a decrease of nine . —Idem . The committee of depositors of the Royal British Bank have issued a circular to the depositoT 3 recommending them to support a winding-up under bankruptcy , and proposing Messrs . WyId , Taylor , and Mitchell , as assignees .

      Mr . Harding , the manager of the estate of the Koyal British Bank , has written to the papers to correct some false reports of what he said to Mr . James Wyld , as repeated , by Mr . Wy Id at the meeting of depositors at St . Martin's Hall . " Ke writes : —" Mr . Wyld is represented to have said that I stated . ' that , if the depositors would accept a composition of 15 s . in the pound , I would pay a dividend of 5 s . in the pound in the month of December , 1856 , arid issue promissory notes , under the authority of tile 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 . ' I called upon him after the appearance of the reports , arid reminded liim that I had distinctly stated at pur interview

      that it yvas not within my province as interim manager to make any proposal of compromise , but that there could be no objection to my receiving through him the views of the depositors as to some arrangement , and that , in reply to his iriqairies , I expressed an opinion that 5 s . in the pound could probably be paid this year , and that , if the creditors required so much as 15 s . in the pound ( that amount having been suggested by Iiimself ) , it could , not be paid within twelve months . " With respect to the issue of promissory notes , Mr . Hardinge simply called Mr . Wy Id ' s attention to the terms of the Act of Parliament . These matters were correctly repeated lay Mr . Wyld at the meeting ; but the reporters made some errors .

      Mr . Harding has been appointed official manager for the winding up of the Koyal British Bank in the Court of Chancery . His previous appointment was that of interim manager . At the Court of Bankruptcy , on Monday , notice of appeal against the adjudication was given on behalf of the directors of the bank . Mr . G-. M . Giffard and Mr . Joseph Brown , of the Middle Temple , have given their opinion that the authority of Chancery and that of the Court of Bankruptcy , with respect to the Royal British Bank , are not necessarily conflicting .

      Mr . John M'Gregor has forwarded the following letter to the editor of tlio ( jlasipzo Daily News : —• " Sir , —With respect , to the calumnies which have been charged against me , I need only advert to a simple narrative of facts . First , I was neither the projector nor founder of the British Bunk ; Mr . Menzies was the projector . Messrs . Mullens and Paddison , and Mr . Mox , hay , then proprietor of the Commercial Hall , were those who first proposed to me to become a director , while I wns residing at Brighton , to which place Mr . Mullens , Mr . Menzics , and others canic to persuade me to assist them to get a charter . I refused . Afterwards , on the ground that industrious traders , artizans , and shopkeepers had no banking facilities in London , as in Scotland , I very imprudently consented to become a director . . . . I relied implicitly on the manager und Mr . Mullens . They , on the weekly board day , placed before the board a statement of the affairs

      of the bank ; and up to the time I left the direction I believed everything correct . Neither I , nor any other director , as far as I am aware , knew anything of mvy private book kept by the manager , nor could I know the persona in the City whose paper was worthy of being discounted . Danneller and Scales were represented by the manager , on the authority of an eminent gentleman in the Bunk of England , as fully trustworthy . This led to the disastrous advances on their coal and iron works in Wales , and which , so long as I waa a director , I urged should bo realized , instead of attempting to work them , —a similar attempt on the part of the Bank of F . nylund having utterly failed ; a second blunder wns , advnndug on tlic security of Westminster Improvement Bonds—ii third was , on the shares of tho Islington Cattle Market—a jourth was , to a shiiiowning iirni , Oliver , of Liverpool . Of tho value of such securities I could know nothing As regards liabilities to

      Untitled Article

      IRELAND . The Anti-Church Endotvmest Movement . — The movement against the temporalities of the Irish Church , commenced hi the county of Cork , is , it seems , about to be followed by a series of demonstrations in other parts of the Idngdom . A requisition is in course of signature convening the Reformers of King ' s and Queen ' s Counties , and the county of Kildare , to adopt such measures as will best promote the success of Mr . Miall ' s motion . — Times . ¦ : ' The Tipperaky Bank . —In the office of the Irish Master in Chancery , on Monday , an application was made on . behalf of the Newcastle Commercial Banking Company for liberty to exhibit a proof for 51 , 8992 . 5 s . 8 d ., in which amount the applicants averred that the Tipperary Joint-Stock Banking Company was indebted to them . An affidavit had been filed by Mr . Walker , the

      public officer of the Newcastle Bank , and it was there sworn that six drafts of the Tipperary Bank were drawn in favour of Gurney , Wilkinson , and Co ., or one of that firm , and endorsed over to the Newcastle Bank , by which they were discounted , and , 51 , 000 ? . advanced . It was now sought to exhibit a proof for this sum , together with 899 ? . 5 s . 8 d . interest , the handwriting being admitted . Another application was . made for liberty to proceed at law against . the official manager for the amount of the proof . This application , after being demurred to , on the ground of being unnecessary , was ultimately planned by consent . The name of Mr . Robert Keating , M . P ., was placed upon the list of contributories as the owner of one hundred and eighty-five shares in the Tipperary Bank . The next business was the consideration of an application to Parliament for a bill to enable the creditors to accept a compromise . The application was postponed pending negotiations .

      The Latk Baron de Robeck . —The body of this nobleman was discovered on Saturday evcnisig in the river LiiFey . It was in an advanced state of decomposition , having lain in the water for eleven days . An inquest has been held , and has terminated in the following verdict : — " We find that the late BaTon de Robeck was found drowned in the river Liffey , in Captain Colthurst's demesne , on the evening of the llih inst ., and . we believo him to hnvc been accidentally drowned near the Salmon Leap on the evening of the 30 th of September last . " Tk-Agkdy at tub CinrnAGH Camp . —A shocking occurrence has taken place at the camp on the Curragh . It appears that a dispute arose between a sentry of the 56 th and a soldier of the 18 th Royal Irish , when the latter threw a large stone at the head of the 56 th man , which fractured his skull . The assailant immediately after took flight , but was overtaken by a comrade of tlie sentry , who , it is alleged , stubbed him with his bayonet in three different parts of the body , and left him on tile ground a lifeless corpse . —Times .

      Untitled Article

      THE ORIENT . I 27 DIA . Tim preparations for a Persian expedition , arising out of the occupation of Herat by the Shah ' s troops , are still vigorously maintained , and the Indian Government only awaits orders from England . In the meanwhile , two steamers have been ordered from Calcutta to the Persian Gulf . There ia no further news from Herat ; and it therefore remnins doubtful whether the Persians arc still at that locality , or not . From the Punjaub , we hear that sonic of the hill tribes living on the borders of tho Mccranx . io vnllcy are committing raids on tho low countries . The Punjaub im suffering groatly from cholera , and tho accounts from Lahore are described as frightful . Tho mortality Among tho soldiers has been alarming ; but tho Europeans auo tho chief sufferers . Oude is perfectly tranquil .

      conical or cono-spherical form , which has great effect at a range of 1200 yards . The Indian Government opened a new loan on . the 30 th of August . The rate offered ia 4 § per cent ., and the loan is not to be paid off till 1865 . It appears to be very unpopular among tlie money-dealers . The money is required for public works . —The missionaries have gone up to the Central Government with a petition for inquiry into the social state of the people of Bengal . The paper has been signed by every missionary of influence in Calcutta . "A very remarkable address , " says the Times Calcutta correspondent , •* ' has been presented to Mr . J . PY Grant , member of Council , by a large body of Hindoo gentlemen . In it they thank liim for his , exertions in behalf of the act permitting widows to remarry , and urge him to continue his efforts for the abolition of polygamy . Petitions by the dozen reach the Legislative Council on this subject . They are all of one tenour , praying for the abolition of polygamy by penal statute , " We read in the same letter : — " Considerable sensation has been excited here by an offence committed "b y an officer on the staff of the Governor-General . At a ball given for the benefit of the sufferers by the French inundations , he gave cards to persons of bad character . Social offences of this kind are rare in Calcutta . The offender has since apologized . "

      Money is plentiful at BonYbay , but "the market has "been a good deal disturbed "b y the Government loan . The export market is firm , and the import tTade has improved . The same report is given of the Calcutta markets . ¦ ' . . . ' ¦ : ¦ . - ¦ . - . ; . .,-. - '' , ¦ ¦ . ¦ ¦ . / The excitement on the railway question in Ceylon continues . The Company Bill and the Export Duties Bill have been rea ' d a third time . Penny postage is to be introduced . ¦ ¦ .. ¦ '¦ ' ' . /¦ . - '¦ . . EGYPT . . ¦ ' ; ' '¦ ' . ¦ The Viceroy has returned to Cairo from Upper Egypt , whither he had proceeded to inquire into the causes of the late inundations , the injury caused by wliich , however , is but slight . The Nile has risen , twenty-four cubits , which is thought to promise well for the harvest . There is a project for lighting Alexandria with gas . This city has been greatly improved of late years ; the Christian popalation is rapidly increasing , and the Arabs are becoming more European in their habits , several of the -women having given up the veil with which they covered their faces . . ' . ¦ ¦ ¦/ ' ¦ : . - .. ' ' ¦ ¦ ¦ '¦ ¦ ¦¦¦ ¦ . '¦ ¦ ¦ .

      During tho nbsenco on sick leave of Mr . Frerc in Kngland , tho province of Scindo is being ndminintcrod by the Conimandunt of the Suimla Ilorac , Colonel Jacob . This officer hns recently invented a rifle shell , oi' a

      Untitled Article

      : AMERICA . . The deplorable animosity "between the North and the South continues to wax . in intensity and importance . A great Democratic ( pro-slavery ) meeting has been held at Richmond in Virginia , at which Mr . Wise , the Governor of the State , made a very fierce speech against the abolitionists in general , and Colonel Fremont in particular , arid was vociferously applauded . He said he loved the Union better than any " Black Republican , " and that he knew of but one thing worse than disunion—viz ., dishonour . That man would bo a fratricide who , without

      sufficient cause , would light the flames of civil war ; but , " rather than wear dishonoured chains , " and be subdued by the North , he would do whatever tho meeting ; would back him iu doing to save them , or would die . He would fight , if fight he must , to save , not to destroy . Such a contest would be " a civil war of liberty against despotism . " lie concluded : —" What the abolitionists consider our weakness we will prove to be our strength . With a proper knowledge of military discipline , I will prove that our faithful slaves can and will repel the Black Republicans and their traitorous allies who may invade us . "

      California is reported as in a very prosperons » tato j but acts of violence are still of frequent occurrence . A report has prevailed at Panama to the effect that a treaty of peace bad been agreed to between General Walker and the President of CostalUca . On tho other hand , there is a report that 1000 meu of the allied forces were on the march for Granada . Colonel Schles 8 inger has turned up somewhere in the interior . Having openly joined the enemies of Walker , ha has been busily engaged in circulating au address to tho Americans in tho Nicaraguan service , urging them to dosert their colours , and denouncing "Walker aa a traitor and plunderer of tho people .

      A revolution broke out in Peru in tho latter part of August ; but the insurgents woro speedily put down by President Castillo . Gen oral Echinique , at tho last advices , waa at Valparaiso with tho war vpsacls- and large supplies of ammunition , and jt waa bolieved ho would aoon endeavour to seize- upon tho government . A despatch is said to have been received nt Anpinwall from Panama , just previous to the departure . o £ the steamer , to tho effect that tho " bhteks , " who opposed General

      Calvo ' s inauguration had br « kcn out ia riot , and that a number of persona were killed in tlv « aii ' ray , and one member of the Legislature Bhot . It i » reported , thai commissioners havo been sent to Franco to negotiate a loau to pay off the liabilities arising from tho Panama riot of last April . Fever ia very prevalent at Aapinwall Tho Supremo Court of New York haa just decided that " coloured persons" cannot legally be excluded from public carriages plying for hire by any rule of the proprietors . The Judge who gave thie decision was Judge

      Untitled Article

      October 18 , 1856 . ] TH E LEADEE , 987

  • Citation
    • Leader (1850-1860), Oct. 18, 1856, page 987, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2163/page/3/