The Sun. — London, England, 1847-11-01 00:00:00

THE MONEY PRESSURE. LIVERPOOL, SATURDAY EVENING.—The second week :of ithe extreme financial crisis in Liverpool is now closed ; and fortunately, the curtain falls under circumstances more cheerful than those which at tended the termination of last week. The daily pro gress of the one was marked by ruin among our com mercial firms ; that of the other, save in one instance, has been unattended by any new disaster. The end of the one was coeval with the suspension of a vast and important firm ; the close of that which we now chronicle is free from any new tinge of gloom or mis fortune. Discounts were then almost beyond attain ment; now good paper is at least received by the banks, though at heavy rates ; and railway property, which in the one was reduced to a ruinous degree, is now considerably enhanced in value, North-Westerns, which on the 23d were quoted at 145/. 10s., being held to-day on the Stock-Exchange at 1 491. The price of cotton, it is true, has participated in this movement ; yet prospects of the crop are more favourable ; and there exists little, if any, of that ten dency to speculation so much abhorred by the manu facturers of Manchester. Such is the satisfactory statement with which this evening it is my duty to gratify your readers ; and happy would it be were the accounts received from our;sister city, Manchester, and the manufacturing districts, similar in tone and tendency. There, how ever, ruin has fallen upon several mercantile estab lishments. Among the houses announced are the following :—Messrs. Rodgett and Brierly, spinners, of Blackburn, with liabilities estimated at 70,0001.; Messrs. Swainson and Birchwood, with ample assets; J. Barton and Co., silk dealers, 25,000/. being the debt, according to report; W. Hartwright, twist, silk, and cloth agent; Inglish, manufacturer; J. Barton and Co., the assets being estimated at one fourth of the entire liabilities of 20,000/. ; and J. Gillow, manufacturer, of Preston, the latter having been involved in the suspension oißarclay and Co., in the City. The total liabilities, however, do not, it would appear, extend to any very large amount. From Glasgow we have accounts of two suspen sions of mercantile houses in that city; Messrs. Pearson, Wilson, and Co. foreign merchants, b e ing the first, and Kilgour and Leith, a shipping and West India firm, the second. The suspension of the latter, we learn from the Glasgow Argos, has arisen from the general monetary pressure and the recent im mense depreciation of West India property. The firm had been for some time past reducing its trans actions, and their liabilities to Glasgow houses are estimated to be under 6,000/., but the debts due in the metropolis are believed to be about 50,0001. The assets are represented to be considerable, though the amount they are considered likely to realise is uncers taro, from the depreciation of property and prices. The general accounts from the manufacturing dis tricts of Lancashire are also of a gloomy character. Fresh instances of reduced employment had occurred, and the markets for manufactured goods exhibited no improvement. As an instance of the extent of the panic last week, it may be mentioned that 1,3001. in small deposits were withdrawn from the savings -bank in Preston in distrust of its safety. Our local' commercial affairs have since yesterday remained unchanged to any important extent. At tention has been absorbed almost exclusively by the proceedings of the Royal Bank shareholders, a semi official report of whose proceedings is hereto appended, and from an inspection of the report and accounts you will perceive that they fully warranted the in tbrmation previously communicated to you with re gard to the position of the bank and the responsi bility of its management. Mr. Alderman Thompson, as a large shareholder, was present, and led that section of the proprietors which advocated the liqui dation of the liabilities and subsequent dissolution of the bank. The feeling of the meeting, however, was opposed to this measure, and an amendment, moved by Mr. Samuel Holme, adjourning the deci sion of the question during further inquiry, was adopted by a very large majority; and, accordingly, the decision in regard to the establishment is now postponed until Saturday next. Of the whole, you will, of course, form your own opinion ; but in order to a correct understanding cf the responsibility of the management, it may be remarked, that three di rectors whose signatures appear to an annexed ex position of the matter, had exhibited to them weekly, as well as to their chairman, the balance-sheet of the bank ; and much sympathy is expressed in all quar ters for the position of Sir Thomas Brancker, the chairman in question. There can be no question as to the mismanagement; but justice should apportion censure with an impartial hand. In relation to other banking establishments we have no new intelligence; and as yet we are uninformed as to the nature of the measures contemplated by the directors to liquidate the claims of the depositors. An investigation into the affairs has established a more favourable balance-sheet than had been antici pated. A dividend of ss. in the pound is stated to be certain, and possibly it may subsequently reach the proportion of 15s. Messrs. Barton, Irlam, and Hig ginson's estate exibits liabilities to the extent of up wards of 800,0001., and the assets a deficit of about 10,0001. The cotton-market has again been depressed, with drooping prices and small sales. The wool-market is somewhat improved since our last report on the 23:1. Flour continues firm at the recent rise. From Newcastle the accounts with regard to the meeting of shareholders of the Union Bank are, as you will perceive from the report annexed, indeter minate. As in Liverpool, a committee of shareholders was formed to examine into the affairs of the bank, and it is stated that, should the results o f th e investi gation sanction such a step, the committee are em powered to resume the operations of the establish ment. It was considered probable that a call of 2/. per share would, in that result, be made. The capital of the District Bank it was intended to increase to the extent, it was reported, of 300,0001., the new shares being open preferentially to those at present holding stock. The pressure upon the other banks had ceased.— Tinzes. MEETING OF TII E ROYAL BANK OF LIVERPOOL. A meeting of the directors and shareholders of the Royal Bank of Liverpool was held on Saturday, at 11 o'clock, at the Royal Bank. Mr. Josias Booker was in the chair. Mr. Alderman Thompson, of London, VMS present, and the room was crowded with gentle men of wealth and eminence in the town. The report was first received. It was as follows : " Report of a Committee appointed at a Meeting of Shareholders, held at the Royal Bank of Liverpool, on Saturday, the 23 , 1 of October, 1847. " Having been deputed by a body of shareholders to inquire into the position and circumstances of the Royal Bank of Liverpool, and the causes which led. to its present difficulties, we have been engaged dili gently in carrying out the onerous and very respon sible duties assigned to us, and beg leave to report— " That the main feature of the case is that which is already matter of public notoriety, the absorption of a large portion of the paid-up capital of the bank by the operations of one house—Messrs. Barton, Irlam, and Higginson, and the simple history is, that the manager, having advanced a large amount upon as surances which were not fulfilled, he would then have brought the account to a close, but was not supported by the directors of the day, in his strongly-expressed opinions ; and upon resuming his duties, after an ab sence of a few months, consequent upon ill-health, Sir Thomas Brancker acting as manager in the mean while, the advance had reached an amount which put at hazard the existence of the bank. " Although we instance the one great account, we think it our duty to state that our attention has been directed to other instances of large advances for which the bank has only securities of so unconvertible a cha racter as to be unavailable for banking purposes ; a n d at a period of general pressure such accounts have necessarily added to the difficulties which the bank has had to encounter. " We have had under our review the balance-sheet, in every possible detail ; the bills of exchange in hand, and the obligations of the bank by endorsement, and the letters of credit outstanding; also the various spe 'did securities held by the bank, and though we cannovalue t prete n d t o pronounce absolutely upon their and effect, we look upon their validity with confidence. "Not havingareedeeigd any statement from Messrs. Barton, Irlam, Thursday, the shortne s s o'f the time has precluded that and dinwait `that so important a document requires, of the enable us to form any opinion of the result the estate. " A synopsis a nnexed hereto of the ter liabilities and assets of the bank w ill s h ow that the latter the former ; but, wh a t ever may be theatd far exceed e shareholders as to r esusc i tat i ng the banicision o f t h e , it in liquidation, we recommend a call of el plring share to be forthwith m a d e , i n order that the claim s 13er of the depositors may be paid w i t h as little incon v nience to them as possible ; an d we hope the share - holders will feel it an imperative duty to respond to this call, for the benefit of those who have given their confidence to the bank. " We think it due to the directors and managers t o state that they have afforded us every facility i n the prosecution of our inquiry, and that we find the books snd accounts kept in an efficient state; at the same time we cannot refrain from expressing our deep regret that an establishment so well calculated to maintain the highest character and position, and to be of such essential service to this great commercial community, should, in its operations, have produced so grievous a disappointment to the shareholders and the public. " It now remains for the proprietors to determine 'whether they will endeavour to resuscitate and re construct the bank, or that they will proceed to im mediate IiquiNEWSpApER " The di;.s--arret frierally in the foregoing Deport, and: . h e i e f ore 4-:-,a6t,Q9nemskie. r it necessary to snake a minteurid.- -- --.4 "-77T74,-,,,:. 860,475 1 8 i'll.Z SUN, LONDON, MONDAY EVENING, NOVEMBER 1, 1847. STATEMENT OF THE AFFAIRS OF THE ROYAL RANI OF LIVERPOOL, OCT. 22, 1847. £646,350 0 0 100,000 0 0 44,125 1 8 Capital paid up ... ... ... , Reserved surplus fund ... ... Contingency Fund ... ... ... Valuation of bank buildings £65,000 Less amounts not liquidated 25,000 Profits since June, estimated at 40,000 0 0 30,000 0 0 X 860,475 1 8 future arrangements of the bank. Mr. Woods thought that it would be necessary to obtain some assistance from the shareholders, but that the com mittee would endeavour to make the call as light as possible. He concluded by proposing the following resolutions : " 1. That a committee of six shareholders be ap pointed to assist the directors and solicitor of the bank in examining into the affairs of the company, and that such company, and that such committee, with the directors and the solicitor, shall have access to all accounts, papers, and other documents, and shall be empowered to adopt such measures as they may deem advisable for arranging and conducting the affairs of the bank and protecting the interests of the share holders. " 2. That this meeting offers its warmest thanks to Mr. John Clayton for his attendance upon this occasion, and that he be solicited to continue his valu able assistance by affording his advice and counsel to the committee. " 3. That the following gentlemen be the members of the committee, and that they report to a future meeting, when prepared to do so; namely, Messrs. William Woods, Robert Pow, Errington Bell Ord, William Anderson of Bent House, John Dryden, and Thomas Barker. " 4. That in the meantime no transfer of shares in the stock of the company shall be admitted." Mr. CORDER, of Ipswich, expressed his concurrence in the course proposed to be pursued. Mr. H. CHAYTOR, of Sunderland, said the constitu tion of the bank was founded on a principle that was objectionable, namely secrecy. He thought that a consideration for the want of customers and of the district, as well as a regard for the interests of the shareholders, required that no time should be lost in resuming the business of the bank. He had no doubt but that satisfactory arrangements could be made with depositors, which would meet the present emer gency, and that interest should be allowed at 5 per cent., at all events so long as the pressure existed on the money market. He hoped that some arrange ments might be made with the Bank of England to issue bank notes, and withdraw the private notes, which would tend to restore public confidence. He trusted that their splendid business would not be sacrificed, but that under a new constitution, which should be based upon a system of checks, they would speedily restore their former prosperity. The best feeling existed amongst the customers of the bank, who were taking their notes, and merely awaiting the decision of the shareholders before they opened any account elsewhere. He should press upon the com mittee the strong necessity that existed for losing as little time as possible in their deliberations. Mr. Chaytor's observations were loudly applauded. The names of Mr. Chaytor and Mr. T. Hewitt were added to the committee ; and after a short discussion the resolutions were passed unanimously. A vote of thanks to the Chairman was given by acclamation. The CHAIRMAN, in acknowledging the compliment paid him by the shareholders, intimated that the call which the directors would be recommended to make would be 51. per share, but, as it depended altogether on circumstances how much of this call would be required for the purposes of the bank, it was not in tended to make more than 2/. per share payable at present, and it might happen that no more would be wanted. THE NORTH AND SOUTH WALES BANKING COMPANY. The following resolutions have been adopted at a public meeting of the gentry, farmers, traders, and others interested in the trade of the localities of Port Madoc and Festiniog, held at Port Madoc. Mr. Na thaniel Mathew in the chair : " That this meeting deeply deplores the present sus pension of payment by the North and South Wales Banking Company. " That taking into consideration the extent of ac commodation afforded to this country for many years by that company, this meeting cannot do less than express their sympathy with the directors and share holders upon so trying an occasion. " That relying upon the honour and integrity of the company, and believing that they must possess ample means to meet all their engagements, this meet ing entertain the strongest confidence that the incon venience produced by the present stoppage will be only temporary. " That as far as the management at the Port Madoc and Festiniog branches are concerned, this meeting cannot too strongly express their approbation of the satisfactory manner in which the business of the bank was carried on, or of the conduct of Mr. Dillon, the manager at Port Madoc, and of Mr. Robert Lloyd, the local director of Festiniog and Port Madoc, whose constant attention to their duties, and whose business habits have deservedly secured to them the esteem and good opinion of the country. "That this meeting deeply regrets that the Express London evening newspaper should have been misled into publishing a premature report of the stoppage of the North and South Wales Bank on Friday evening. last ; and they feel that the contradiction of such a report in their Saturday's paper, was no reparation to the wounded credit of the bank ; such a false re port from a paper having the circulation of the Ex press being enough to cause the stoppage of any local bank in these times; and that it is an injury which nothing can repair, and which a public organ of com mercial intelligence should never admit into its columns, having a tendency to produce, as in this instance, the greatest inconvenience to thousands of individuals connected with the trade and commerce of the country." The following resolution was also unanimously adopted, -a ill reference to the National Provincial Bank of England That, considering the present 'position of mone tary affairs of the country, and the pressure which every banking establishment must experience, this meeting has much pleasure in expressing its fullest approbation of the manner in which the National Provincial Bank of England is conducted in this neighbourhood, and its explicit confidence in its re sources, as well as in Mr. Bridgwater, the local manager." The speakers were Mr. J. W., Greaves, Mr. G. Casson, Mr. G. Humphrey, Mr. J. Spooner, Mr. D. Williams, Mr. J. Holland, and the chairman. THE TRIUMPH OF THE « BANK ING PRINCIPLE." (From the Bankers' Magazine.) We need not assure our readers we have great satisfaction in stating that the Bank Act of 1844, so far as it relates to the restriction on bankers' issues, is virtually repealed, and that fear and panic have overcome the difficulties which were invulnerable to reason and common sense. We might have wished that it had, in some respects, been otherwise. We had rather that Sir Robert Peel and his followers in currency affairs had yielded to the clear and un answerable statements of their opponents ; but before these could be brcught to bear a more imperative argument arose —the safety of the country : and to this powerful appeal the Bank Charter Act of 1844, and all the plausible reasoning of its supporters, have been quietly yielded up. The events preceding this important step may be briefly described :—A deputation of merchants from Liverpool first waited on the Ministry, and presented a memorial which stated— " Your Lordship may depend upon us when we assure you, that if the present pressure be not relieved merchants and other traders, of undoubted respecta bilty, who are not onlysolvent but rich, and who have merchandise and bills which, under ordinary circum stances, would afford easy and ample means of meet ing engagements, will inevitably be compelled to stop payment.' The reply of the Premier and of the Chancellor of the Exchequer to this memorial was of the usual official character; and it appeared almost certain that Government did not intend to interfere. The state of the country grew more alarming, and the pressure on the London bankers assumed a degree of severity almost unexampled. A heavy drain for bullion for home use by the different country banks set in against the Bank of England, and the criz.is assumed a charac ter too serious to be disregarded. An earnest appeal was made to the bankers and merchants of London by the Morning. Chronicle and the Morning Herald that they should wait upon the Ministry and explain the actual condition of affairs; and ultimately, in accord ance with this suggestion, Mr. Glyn, M.P., Mr. Mas terman, M.P., Mr. Samuel Gurney, and other influential gentlemen, ten in number, waited upon Ministers on Saturday, the 23d October, and made a statement, which seemed at length to convince the Ministry that they could not safely disregard the ap peal addressed to them; and that they must endeavour to restore confidence by taking off the restriction under which the Bank laboured. They accordingly agreed to bring the subject under consideration immediately, at a Cabinet Council. This was done, and on Monday, the 24th October, the Bank Restriction Act was vir tually repealed, by the official communication from the Premier and the Chancellor of the Exchequer, addressed to the Governor and Deputy-Governor of the Bank of England. The immediate effect of this important, and, wo may add, unexpected announcement, was to improve the value of the public funds nearly five per cent. within three days, as will be seen by reference to our usual monthly table of the quotations, on another page. But at the same time, although grateful for the removal of the restriction which prevented the Bank pressure; m n oa.uking n. cpetde an e d t tthhoee f tbouer uncalled-for mercantile cuia t p o lloesderelieve.dfoor on the communityat t zhl he cei ra c ar o tb u ei t r t oau r f y rnyiin i v n a teerrseatsliltmy. restrictionedAeo-f arntrlimum rate of interest of eight per cent. is almost unknow n in the annal s of the B an k rious e ff ect of fixing ; and the i at t u t': ratehave ave h o a p s po b s e e e d n a til t e on re ce seen and condemned it . We, and th ose who, like atriCtlYe Chases of the $ e auk Act from the time they were first brought before Parliament, are so well pleased to see them utterly set aside by the event which we always stated would ultimately prove their injurious character, that we are not disposed to be censorious with reference to the terms imposed by the Ministry. We overlook the legalised usury re commended in the Government letter. We exonerate Sir Charles Wood from the sole authorship of that document ; and we admire the statesmanlike quality he has shown in not clinging blindly and obstinately to an opinion which events have proved to be erro neous. We extend the same praise to the several directors of the Bank of England who are known to be most violently in favour of the " currency prin ciple," and who must feel mortified at its total failure on the first occasion that it has been brought into action. But those feelings will gave place to others of a very different character, if we find that the re laxation of the Bank Act is intended merely "to keep the word of promise to the ear, and break it to the hope ;"—if the Bank's terms for accomodation are to be increased in proportion to the urgency of the country's wants ; and if, like a petty usurer, the Bank intends, as we hear some of its directors do intend, to endeavour to ra i se it s m i n i mum rate to 20 per cent. if necessary, rather than exceed its obsolete " authorised issue" of fourteen millions This is not the course which the country has a right to look for from the Bank. The directors are no doubt, bound to protect themselves from the dangers of a run, and to preserve a sufficient amount of available assets f or th e i r pro b a bl e wants ; b ut we will not believe that the men who were content with a minimum rate of interest of six per cent. in 1829, when their stock of bullion was only two millions and a half, will exact twelve per cent. from the mer cantile community when they hold specie to three times that amount. Of course we do not believe that the Bank can maintain the rate of interest perma nently above its value in the market; but they may obviously. Add very much to the distress and ember- Tess mentsof the di sas t rous t i mes b y a course of policy in opposition to that which should naturally follow the recommendation of Government to afford assist ance to the commerce of the country. We do not believe that the eight per cent. mini mum will be long maintained : it should not be maintained one moment longer than the exigencies of the times may seem to warrant it. A usurious rate of interest is so contrary to the spirit of all our coin• mercial institutions, and so destruct;ve in its conse quences, that it cannot long be tolerated by the Governmet with impunity ; and we are sure that we echo the sen ti men t s o f near l y t h e ent i re commercial community when we state, that the recommendation of Government, that the Bank should not charge less than eight per cent. on its advances at this crisis, in order to attempt to keep in force an exploded theory, is a heavy blow and a great discouragement to our commercial greatness. The country banks of issue must prepare, imme diately on the assembling of Parliament, _to insist on having the same rights accorded to them which have been bestowed on the Bank of England. Th ey must demand th e ri g ht to issue without restriction, sub ject to the payment of their notes in gold on pre sentation. This is the true check on an over issue; and with the public mind now so well instructed on this point, if the banks act energetically, they will be successful. COMMITTEE OF COUNCIL ON EDUCATION. On the report of her Majesty's inspectors, the Rev. Henry Moseley, M.A., formerly Professor of Natural Philosophy in King's College, London, and the Rev. A. Thurtell, M.A., Fellow and lately Tutor of Caius College, Cambridge, the Committee of Council on Education have awarded the following certificates under the minutes of August and De cember, 1846, to the undermentioned schoolmasters and students educated in the Battersea Training School. MASTERS. MIDDLE CLASS CERTIFICATE. First Division—J. Goodall, Blue Coat School, Northampton ; 11. J. Hagger, Kirkdale Industrial ; W. Hammond, Commercial Travellers' School, Wan stead ; J. W. Marriott, St. George's, Bloomsbury ; W. IVilkins St. Thomas, Charterhouse. Second Division—A. J. Christie, IVindsor National School ; J. A. Christie, Milton Abbott Free School; B. J. Jeffery, Dunchurch ; W. H. Krinx, Woodford, Cheshire. Third Division—J. Bate, St. Mary, Newtown, Leeds; C. Castle, New Swindon; A. Diggins, Sid dington ; W. Easton, Bridgewater, Dr. Morgan's endowed ; J. W. Packett, Stepney, Red Coat School ; G. Wollard, Thorney Abbey. LOWER CLASS CERTIFICATE. First Division—J. Biggs, Clifton National School ; J. Courtney, Hannah More's, Bristol; J. Diggins, Tittensar, StatTordShire ; M. Hirst, Dovvlais ; W. J. Lake, St. John's, Worcester; B. ISlield, Eccles, near Manchester ; J. Ryan, Orby, near Spilsby ; J. L. Tregenza, Trevenson. Second' Divsion—J. Burrows, Brimington ; T. Carvill, Loughborough Free School; T. Cox, St, Matthew, Holbeek ; F. Dakin, Bennett Si., Manches ter; G. Dixon, Worcester National School ; W. Joyner, Caine ; J. - Woolley, Abbot's Ann. Third Division—J. Bailey, Sandbach, Cheshire ; A. J. Braid, Swindon, School of Great Western Railway ; W. Baker, Cosely, Staffordshire ; P. Brand, Parkhurst; Carvill, Castle-hill; J. Davis, Indus trial School, Kirkflzle, Liverpool ; W. llolines,:Dow lais Lower School ; G. T. Rice, Enckwed School at Bangor; J. Slater, Quarrybank School, Brierley hill ; T. Sheard, Bl ue C oat School, Stockton-on- Tees ; J. Thackeray, St. Paul's School, Leeds ; W. M. Thomas, Wheal F r i en d s hi p (mine) School, near Tavistock. STUDENTS. MIDDLE ClASib' CERTIFICATE. First Division—W. Pinder. Second Division—G. With. Third Division—J. W. C. Blackburn. LOWER CLASS CERTIFICATE. First Division—J. Aspin. Second Division—J, Hallows, J. Peach. Third Division—J, A . Adams, J. Brown, J. Reid. W. Ryder, W. Rooltwood. Council Chamber, Whitehall, Tuesday, Oct. 19th , 1847. UNIVERSITY INTELLIGENCE. OXFORD, OM 2 9.—1 n a Convocation holden this morning, the grant of 1501. from the University chest to the library attached to the Institution for Divinity students, established at Sawyapooram, in the pro vince of Tinnevelly, Madras, and under the super intendence of the Lord Bishop of that diocese, met with the approval of the house. At, the same time the Rev. Dr. Hawkins, Provost of Oriel College, was sworn into the office of Pro- Vice-Chancellor for the year ensuing. A Congregation was holden immediately after• wards, when the following degrees were conferred:— Master of Arts-._Henry Elliq Cramer, student of Christ Church • Charles Ll o yd, s t u d en t o f Ch r i s t Church ,• dole, Christ Church ; John Menet, Exeter College; R ev . F re d er i c k G eorge Blomf i e ld , Balliol College; Charles Marson, Christ Church ; Martin Edgar Benson, St. John's College ; Rev. Henry Dean Hilton, St. John's College; William Wynne Foulks,_ Jesus Colle ge; R ev . Ed wa rd Hum phery Ballard, Wadham College ; Williams, Pem broke College; Wesley Farrar ' New Inn Hall. Bachelor of Arts—Ch ar l es Saltren •Willet, Oriel College; William John Deane, Oriel College ; Thomas Hugh Markham, Brasenose College ; Botelar C. Smith, Trinity College; William J. Trevener, Trinity College ; Thomas Price, Lusby scholar of Magdalen Hall. CAMBRIDOE, CCT. 29.—At a congregation holden this day, the following degrees were conferred : Master of Arts—Reginald Guy Bryan, Trinity College. Bachelor of Arts—Charles Goolden, Trinity Col lege ; Willizrn Gilby, St. John's College. Saturday, The l ea di ng f eatures i n yesterday's Observer, Oct. 31 :—About nine folio columns of Monetary Affairs, including on e co l umn (by ex press) of the meeting on column of P ar i s p a p ers of Saturday, with the latest Bourse and Belgian Funds, by the Ob s e rver special at Liverpool, of the Royal B ank C om pa n y , a ex press. The Queen's proclamation to convene Parliament on the 18th November—Marylebone Vestry on Satur day—Art a n d A rt i s t s , &c. The extensive publication of the Oiserver commences at six Sunday mornings. The Monday's Observer, with markets, at four Monday afternoon. Price of the Observer (48 columns) 6d. TuE MURDER AT BIRMINGHAM. — BIRMINGHAM, SATURDA Y MORNING.—The inquest on the body of Ann Wilkes, against whom a verdict of wilful murder was returned, but who has since died from the eff‘cts of the injuries she inflicted :on herself, was brought to a conclusion at a late hour on Saturday night. A t the close of the evidence the learned coroner proceeded to address the jury. lie said if the jury were of opinion that the deceased was of sound mind when she inflicted the wound, they had no alternative but to return a ver dict of felo-de.se ; but if, on the contrary, they believed that she committed the act whilst of unsound mind, their verdict would be in accordance, viz,, temporary insanity. In g hug over the evidence whioh had been adduced, he saw nothing to lead the jury to believe that the deceased Was not sane at the time she destroyed the lives of her children and inflicted the fat al i nj ur y upon herself . At 6 helf-past seven o ' c lock t he j ur y retired to consider their verdict, and at 11111' . 0 ,4 0 "; they returned a verdict of felo de se against Ann WilkO, In consequence of this verdict the deceased will have to .I'e buried between the hours o! n i ne an d t we l ve a t nigh t , sro. ,- at out of con secrated ground, and by torch-light. c e ab o hna n adb g pls j yt edor'tiekli the hale, placehh has eAs notconsecration hinb y i B e i i yet s vp b e o e cf n hoy r uf e or c er e t ihh i c v :e e Lo d nroe b now y ; THE BISHOP OF MANCHESTER.--NO( the announcement in last Tuesday's Gazette, we under standdilt h i e isl ho r t , cathedral h ,it t l t e h p e r h o some dignitary offi ' ' .c.atine , for that prelate. The Bishop is about forty-two years' of age, and received his hono rary canonry in sinc Worcester Cathedral only a few months c.--Planchester guardian. . - ~fling NAVAL INTELLIGENCE. PORTSMOUTH, SUNDAY. - The Blenheim steam guard-ship is commissioned at this port by Captain Yates, lete of the Victory. She will have a comple ment of five hundred, officers and men. The Blen heim was an old seventy-four, built at Deptford in 1813, by the then surveyors of the navy, and was of 1,747 tons. She has had her poop and upper works cut down after the fashion of a flush-decked frigate, a gigantic specimen of which class of vessel she now appears, mounting on her upper deck two 56- pounders, ten feet long, 88 cwt. each ; two 10-inch beam guns on the quarter deck, ten feet long; two .56-pounders pointing forward, and two beam guns, 10-inch ; total on upper deck, eight, all on traversing pivots. On the main deck she carries twenty-two 32-pounders, eight feet long, and from 42 cwt. to 45 cwt. each ; on the lower deck twenty-six 42-pounders, 9 feet 6 inches long, and 67 cwt. each. Grand total armament fifty-six heavy long guns. Her launch is stowed amid ships on the upper deck, and the barge and pinnace on the gangways on either side of it, leaving very good and clear gangways. The fore most guns point in a line with the keel, as do the guns aft. The whole of the stern bul warks of the upper deck unship, so that the guns may be traversed right round. Her booms are very admirably stowed under the launch, leaving clear room for the play of the guns and their gear. All the officers, with the exception of the captain, first lieutenant, master, captain of marines and chaplain, are berthed on the cockpit. The after guns on the lower deck work round the sweep of the stern by a shifting pivot, and the bow guns on the main deck are capable of being fired right ahead in line with the keel, for which purpose four trucks are let into the brackets, so as to admit of their being well pointed. She has a telescope funnel, raised and lowered by a winch. Her engines are of 450 horse-power, by Seaward and Capel, of the direct action kind (hori zontal), averaging 45 revolutions per minute. Her boilers are two tubular and two common. Her screw is of 20 feet pitch with two blades, and is worked by the engine directly, which obviates the necessity for driving with a multiple wheel. The whole of her machinery is below the water's edge. She stows 212 tons of coal in bunkers. She is rigged as a frigate, having all wire rigging; her funnel is placed between the main arid wizen mast. The coal bunkers occupy the space on each side of the engine room from the after hatchway to the fore part of the vessel ( en d o f t h e boilers). The dry provision room is abaft in the orlop, and the spirit room on the other side. The salt provision rooms are on either side of the forehold amidships. She can stow in the usual places dry provisions for six weeks ; water, five weeks ; all for 500 men. She was tried recently with all her sea-going weights in, and ballast in lieu of her sea-going quantity of provisions and am munition. The cable tier and sail rooms :are between the boatswains' and carpenters' store-rooms. She is coaled on the lower deck through three ports on each side by means of a shute, which is emptied through corresponding incisions in the deck com municating with the bunkers; the same shutes being used for emptying the ashes out through the main deck ports. The following is a strictly authentic de tail of the whole of her workings and performances, under the command of Captain Horatio Austen, R.N., the Government steam-ship Inspector, assisted by Lieutenant Robertson, R.N., with Lieutenant Pon sonby, and Mr. Charles, master, of the Poictiers, having a navigation party of only 247 hands, from the ordinaries of Sheerness and Chatham, including stokers and every available man, and twenty-eight marines under Lieutenant Heastey : Total distance run, 222 miles. Number of hours under steam, 50. The total expenditure of fuel by the most careful measurement has been 84k tons, being at the rate of 36 tons for 24 hours. The maximum speed obtained with engines alone in a royal breeze, free, the engines making 42 strokes, and the barometer 253-, was 6 6.10 knots. The maximum speed obtained with engines alone in a moderate royal breeze ahead, 5 5-10 knots. The maximum speed obtained with engines and sail in a single reef topsail, and topgallant breeze, abeam, the engines making 46 revolutions, and the barometer 243-, 8 5-10 knots. The maximum speed with sail alone under the same circumstances was 4 5-10 knots. The maximum speed obtained with engines and fore and aft sails in a moderate royal breeze, close hauled, was 6 6-10 knots. The maximum speed obtained with sail alone under the same circumstances, 1 8-10 knots. The mean time occupied turning a whole circle ahead, 7 minutes ; ditto astern, 9 minutes. Time occupied in reversing engines from full speed, 14 minutes. Time elapsed from engines being ordered to be reversed until ship went astern, 2 minutes. Time occupied - in getting the steam up from cold fresh water, temperature 56 deg., 1 hour 16 minutes; ditto from cold salt water, temperature 62 deg., 1 hour 15 minutes. In getting up the steam when her fires were banked up, from salt-water, temperature 140 deg., 45 minutes. Time occupied in raising propeller—maximum, 25 minutes; minimum, 15 minutes. In lowering the propeller—maximum, 8 minutes; minimum, 5} minutes. In lowering the funnel, 10f minutes; in raising it, minutes. At the measured mile in Stoke's-bay on Friday she went at 6f knots. The Nautilus, 8, Lieutenant-Commanding W. T. Rivers, sailed on Friday evening to cruise off the coasts of Kent and Sussex for the protection of the fishery. The Stromboli steam-sloop, Captain Fisher, left yesterday for Woolwich to be paid off. The Myrmidon steam-vessel, Lieutenant- Cont- manding L. P. Roberts, left last night for Wool Aich. It is understood that vessel's change of dc , tieation has been caused by official rcpresentAtions of her un fitness for the service required, to tow an unwieldy dredging-vessel to Holyhead. It is also said that she is to be paid off, being unfit for any purpase in which she can be useful to the Government, and thus does vessel after vessel prove the entire uselessness of iron as a substitute for wood in shipbuilding fur war purposes. 'the Hecate steam-sloop, Commander Richard Moorman, was paid advance wages yesterday, and sailed this fornoon for Lisbon. The Lightning steam-tender, Mr. Petley master, was undocked yesterday afternoon, having had her defects made good, and the Blenheim transport was immediately docked in her stead. The Comet steam-vessel, Commander Johnson, was at Falmouth on Thursday, into which place she was compelled to put, in consequence of the dredging vessel she had in tow having sprung a leak, which could not be got under with the pumps. This induced Commander Johnson to bear up for Falmouth, where the damage was repaired, and both vessels left for Portpatrick on Friday morning, the wind steady at south- west. _ Wind, W.S.W. Fresh breezes and dark cloudy weather, with an apparent tendency to be squally.— Five r.m., Sunday. The following are the promotions and appointments of the last week : PROMOTIONS. Lieutenants—William Henry Webb (1841) and George Oldmixen, to the rank of Commander, for services in the Parana river. APPOINTMENTS. Captains—P. W. Beechy,—;—the Caledonia, for surveying service ; the Hon. H. Keppell, to the Mean der; A. Milne, to the Victory; R. A. Yates, to the Blenheim. Commanders Graham Ogle, to the Victory; George Harper, to the St. Vincent, vice Ogle; J. B. West, to the Bellerophon, vice Harper; Hugh Dun lop, to the Star, vice Ellis, who has declined the ap pointment ; Edward Peirse, of the Crusier (together with his officers as given below), to the Nerbudda, 12, built at Bombay, to be navigated to England. We stated last week that the Crusier was to be sold out •f the service at Bombay. J. Nott and L. G. Heath, to study at the stfAm• factory at Woolwich; W. M. J. G. Pasco, to the Coast Guard. Lieutenants—E. Herrick (1811) to the Victory; A. C. Strode (1847), to the Excellent; Mortimer H. Rodney, Edwin T. Ilinde, and Russell Patey, to the Nerbudda ; James B. Ballard, to the Raleigh; John Richard Harwood, to the Penelope; George H. Thomas, to the Alert ; Reginald Bateman, to the Excellent ; Charles G. Rigge, to command the Co met ; C. H. Young, to study at the steam factory, Woolwich. _ _ Surgeons—David Lyall, to the Acheron, James Patrick (acting), to the Nerbudda. Naval Instructor—William S. Harvey, to the Bel lerophon. Acting ,Paymaster and Purser—Robert H. Bul len, to the Nerbudda. Assistant-Surgeons—Dr. William Tasker, to the Bellerophon ; W. M. Ogilvie, to the San Josef; John Cotton and R. P. Power, to the Vindictive ; Thomas 13. Forster and Christopher K. Ord, to the Victory. Acting Master—Thomas Wallis, to the Nerbudda. Second Masters—Edmund Swain, to the Vindic tive ; Richard Sturgess, to the Crocodile. Midshipmen—Mordaunt Smallpage, to the Hecate • Douglas Walker, to the Arab; J, S. Twysden, to the Asia; Charles Standish, to the Bellerophon; Robert Deane, to the Hibernia; J. W. H. Thompson, to the Excellent ; Richard Bradshaw, to the Acheron ; Henry Cotter and G. F. Low, to the Nerbudda. Clerk --Henry S. Dyer, to the Caledonia. Naval Cadets—Alfred Eaton, to the Amphion ' • anon, to the Bellerophon ; Handl e y B a th urst , old Walker, to the A c h eron ; G eorge -ne ; Henry D. Grant, to the Nerbudda; Cliftgai 4, 1 the Am- 1 Arthur to the Fly ; hou.. Rivington, to the Penew r Eagle; F. 0. Handheld, to tu. Baillie, to the A,sia ; Seymour Curtis, phion ; F. W. Bennett, to the Canopus, Altotere Assistants—A, lioxmWn t to the lie:. +_~~ budda ; A. Wylde, to the Poictiers ; Henry P. Ward, to the Alert. ROYAL MARINES. The following promotions take place in conse quence of the death of Lieutenant-Colonel Burton.:— Brevet Major Robert Ford, of the Portsmouth Division, to be Lieutenant Colonel at Woolwich, vice Burton, deceased. First Lieutenant E. P. Snowe, of the Plymouth Division, to be Captain at Portsmouth, vice Ford, promoted. - Second Lieutenant Henderson Ward, of the Ports mouth Division, to be First Lieutenant at Plymouth, vice Snowe. WOOLWICH, OCT. 30.—The Tartarus steam-vessel, Commander Sir Godfrey Webster, was tried down the river to-day, and being found ready for sea, will leave Woolwich on the 4th of November for Con stantinople. The i3lazer steam-vessel, Lieutenant-Commander Smith, it to be made ready . for sea immediately, and Kill proceed on foreign service. The Porcupine steam-vessel, formerly employed in the surveying service under Captain Bullock, was paid off here to-day, and is to be re-commissioned for foreign service. Tile Cyclops steam-vessel is ordered to Sheerness to be fitted for commission. The Hydra steam-vessel is ordered to be rigged and to have her guns and stores put on board previous to being commissioned. The crew of the Shearwater steam-vessel were paid off at Woolwich on Thursday, the 28th ult, The vessel remains at Holyhead. POLICE INTELLIGENCE. MANSION-HOUSE. On Saturday George Phipps," a person said to be a saddler at Enfield, was brought before the Lord Mayor, charged with having forged the name of Thomas Rance, the executor to the property of a deceased person, to a dividend warra n t f o r money payable at the ank of England. A gentleman from the offices of Messrs. Freshfield, the solicitors to the Bank of England, attended for the prosecution. Mr. John Lewis, a clerk in the Dividend Warrant office of the Bank of England, said, on the 21st inst. a dividend was claimed to be received by a person as executor of a deceased person's account, standing in the Bank in the name of Thomas Rance. It was the October dividend. The person who thus applied signed the book as the claimant in my presence, and I attested the signature. W. Rake, clerk in the Dividend Pay-office, said, on the 21st inst. this warrant was presented to me for payment, and I paid it in two 51. notes and 32/. 95.11 d. in cash. The number and date of the notes were " 36,681 and 36,682, Sept. 24." The note produced by Mr. Freshfield's clerk is'one of them. Michael Wale, a man in the employment of James Oliver, of No. 108, Bishopsgate-street Without, shoe maker, said, I have known the prisoner these eighteen months. On the 21st instant, between five and six o'clock, he called at our shop and had two pairs of children's boots, for which he paid 6s. He paid at the same time 6s. 3d. for a pair of men's boots, which he had had on the previous Monday. He asked me whether I could give him change for a 51. note. I said I did not know, but I would see, and I gave him 3/. in gold and the rest in silver. I then took the note, and asked his name and address, and he gave me the name of " Wilson, Enfield." I wrote that name and address on the note in the prisoner's presence. He then went away. On the following Friday I paid the note to Mr. Oliver. I saw no other note with the prisoner. lam quite sure of the identity of the prisoner, and my, handwriting is on the note. Mr. Joseph Newton, a clerk in the Dividend War rant-office, said—l do not know Mr. Thomas Rance personally, but the same warrant was applied for subsequently by another person, and my impression, from what that applicant said to me, is, that the name of Thomas Rance, signed to this warrant, is a forgery, and I believe, if the case be remanded, the executor may be forthcoming. Daniel Forrester, one of the officers at the Mansion house, said—ln consequence of information which I received in relation to this case, I went to Enfield yesterday, accompanied by the witness, Wale, and my brother. I saw the prisoner at work in a sad dler's shop, over which was the name of Phipps, and I walked, together with those who accompanied me, into the shop. I said to the prisoner, I want to make inquiries about a 51. note which you passed a week ago to this person (pointing to Wale), from whom you got it ? The prisoner said he had received it of Mr. Emery, of Liverpool -road, Islington, on Thurs day week,'who lent it to him, and he asked whether that was not satisfactory ? I said it was not, for he had given the name of Wilson to Wale, and his name was actually Phipps. I told him that he must go with me and give further explanations. I went to Liverpool-road with him, and, asked for Mr. Emery. I saw that gentleman, and asked him whether he lent the prisoner a 51. note; to which that gentleman replied in the negative. The prisoner upon being asked whether he wished to say anything, said, " All I have to say is that Mr. Emery his frequently lent me money." The prisoner was remanded. William Mitchell was charged upon suspicion of having been a confederate of other persons in a rob bery committed upon a railway on the 26th instant. It appeared that on the 26th instant, a lady who was travelling in a railway carriage between Sutton and Birkenhead was robbed of a 1001. Bank of Eng- land note, M. W., 26,566, Liverpool, 25th of May, 1846 ; a 501. Bank of England note, 0. W., 74,461, Liverpool, 22d of May, 1846 ; also 8/. 19s. in cash, and a Queen Ann shilling, which property was con tained in two purses. Mr. Speilman, of 10, Lombard-street, money changer, stated that a man named Burgess had been on the preceding day brought before the magistrate at Guildhall upon suspicion of having been concerned in the robbery, and remanded. " The prisoner," said the prosecutor, " came in to my office to change some American bank notes, and be gave his name as Captain Broadwater, of the ship Wellington, lying in St. Katherine's Docks. We changed the American notes, and ho went away. Soon afterwards he re turned with another person, who said he was a pas senger from America, and he desired to know what money I had paid the prisoner, and asked me whether I could change some more American notes. I said I could if they would return the next day. Yeaterday the other party (the American passenger) came, and brought 142 dollars in American notes, and four five- shilling notes also. I took posses sion of the notes, and laid them on the back - of the counter, and having just received a letter from our correspondent in Liverpool, stating that 1501. in bank notes had been stolen, and that American notes had been purchased with them, and would be pro bably brought to be exchanged at our house, I gave him into custody. The officers, to whose vigilance and activity we are much indebted, went in search of the prisoner." In answer to questiens from Mr. Nobler, who attended f;)r the prisoner, the witness said he could not he mistaken as to the prisoner. Edward Funnel], City whichpoliceman 32, said—On Friday, i n consequence o f information I had received, I went with the officers Isaacs and Willis to a beer-shop in the London-road, and saw the pri soner in the front of the bar. I told him that he was my piisoner, and that he must go to the City with me. He asked me what for, and I told him the nature of the charge. He said he knew nothing at all about it. I took him to the station-house, where upon see ing Mr. Speilman he said, " Mr. Speilman, you know the transaction we had yesterday afternoon ; they were all good notes, and they were given to me by Burgess (the person charged on Friday at Guild hall), and I brought Burgess to the gentleman's (Mr. Spellman's) house, and got a receipt for the moneys. The LORD MAIOR—Mr. Speilman, have you rea son to helive that these American notes are the pro duce of the robbery of the bank notes for 150/. ? Mr. 'Speilman—l have every reason to believe so. I know the initials of a party on the Bank of England notes. The prisoner was remanded. THAMES. On Saturday John Klootexman, a Dutch sailor, was charg?d with feloniously cutting and wounding Isaac Hughes, with intent to murder or do him grievous bodily harm. The prosecutor, a Welsh seaman, whose nose and lips were covered with adhesive plaster, and who was also in a weak state from loss of blood, stated that he was lodging at 25, Farmer-street, Shadwell, with several of his shipmates. On Friday evening the prisoner and himself were drinking in a public-house, and went home very comfortably together. Some " chaffing" took place, and words ensued. The prisoner called him a " Welsh nannygoat," and he retorted by calling him a "Dutch -." Soon afterwards witness stood up to light his pipe, and the prisoner caught him by the throat and attempted to strangle him. Witness struck the prisoner, and beat him off, and they were about to fight, when two shipmates in the room separated them. Directly after that the prisoner went up stairs with a light, for the purpose, it was supposed, of going to bed. Witness followed him about ten minutes afterwards, and had got half way up the stairs when the prisoner suddenly darted upon him and cut him down the nose with a knife, and followed it up by drawing the knife across his mouth and completely dividing his upper lip. He also received a stab on the right arm. lie sang out " Murder ! murder ! he has stabbed me," as loud as he was able. Two men came with lights and seized the prisoner. Witness was conveyed to the surgery of Mr. Ross, in High-street, Shadwell, who dressed his wounds. Thomas Jones, a seaman, was following Hughes up-stairs with a candle in his hand, and caught sight of the prisoner just • at the top of the stair landing, and saw him strike at Hughes. After making the last m ow h e saw a► knife in the prisoner's hand. The ASSETS. LIABILITIES. On deposit accounts £645,967 7 9 On current ditto ... 349,311 1 5 5 ESTIMATED LOSSES. On unpaid bills ... £37,240 6 2 On ascertained bad debts 30,936 12 6 Depreciation of securities 42,956 10 0 Total estimated loss £111,136 8 8 Bal. of capital remaining 749,338 13 0 " WILLIAM SHAND. " EMI.. ZWHILCHENBART. " CHARLES S. MIDDLETON." The report of the committee, and a synopsis of the accounts having been read, a desultory conversation, which, reporter s no t h av i ng b een a d m i tted, i t would be impossible to render with any accuracy, ensued. It was then resolved unanimously, on the motion of Mr. Alderman THOMPSON, seconded by Mr.'luau DUCK.WORTH, " That the report then read be received, and that the best thanks of the meeting be given to the committee of the shareholders, for the trouble they had taken in the investigation." Mr. Alderman TnomvsoN then moved, and Mr. JOSEPH COOPER seconded, " That a committee of the shareholders be cpoointed to proceed to the immediate liquidation of the hank." Mr. Alderman THOMPSON, in bringing forward this resolution, expressed his regret at the circum stance which had called them together. Considering, however, the great number of depositors, and the inconvenience to which they would be put by any delay in the withholding of their money, he thought it would be much better that the affairs of the bank should be wound up with all possible speed.—(Loud cheers.) Ile felt mortified that he could not with hold his great disapprobation at the manner in which the affairs of the bank had been conducted. He en tertained a great respect for Sir T. Brancker, but that respect should not prevent him from condemning in tote his management of the concern. The Hon. Alderman added also some very severe remarks upon the conduct of the directors. Sir T. BRANCK ER ' in reply to Mr. Ald e r man Thompson, said th a t he was as deeply interested in the bank as any gentleman present. If the ship was sinking he did not desert it. The course he took was, he felt satisfied, the only one open to him, and al though the disaster had fallen upon him, it had arisen from circumstances which neither he nor any other man could have foreseen. Mr. JOSEPH COOPER, in a lengthened speech as the seconder of the motion, reiterated an opinion very similar to that expressed by the mover. It was moved as an amendment on this, by Mr. SAMUEL lIOLME, " That the meeting do adjourn to Saturday, and that a committee of seven shareholders be appointed with the directors, to determine as to the expediency of resuscitating the bank, or to pro ceed to an immediate liquidation, and to report the same at the next meeting." The following gentlemen were then named to sit on the committee :—Mr. Josias Booker Mr. Gill, Mr. Thoma s Sh an d , M r. John Stock, Air. J. Bibby, Mr. W. Clare, Mr. W. Imrie ; and it was further de termined that Mr. Alderman Thompson be requested to render his advice and assistance. Mr. SAMUEL HOLME, on rising, was received with much applause. He did not think that it was either necessary or desirable to wind up the affairs .of the bank. Their affairs were not in that deplorable con dition represented by the worthy Alderman, and he was decidedly of opinion that it was neither right nor reasonable to call on the directors at so short a notice to sanction a proceeding which would iujure severely a great concern like the Royal Bank. He thought that further inquiry, and time for that inquiry, was indispensable, and entertaining these views, he moved the resolution. Mr. JONES seconded the amendment, in a very ela borate speech. A long discussion took place, but the amendment was eventually carried by a majority of nine to one. Another resolution was carried, that thanks be re - turned to Mr. Alderman Thompson for his important services, and that the meeting "do sympathise with the manager, Mr. J. Chaffers, not only on ac count of his infirmities, but because of the difficult position in which recent occurrences had placed him." It was stated at the meeting that Messrs. Barton, Irlam, and Higginson owed the bank 523,000!. It appears that the assents of the depositors to the proposal made to them by the directors amounted to 368,5974 ; dissents, 29,0001.—the remainder not being yet ascertained. The meeting broke up at about half-past one o'clock. THE UNION BANKING COMPANY OF NEWCASTLE. NEWCASTLE-ON-TYNE, OCT. 29.—A special meet ing of the shareholders in the Newcastle, Shields, and Sunderland Union Joint-Stock Banking Com pany was held at the Assembly Rooms in this town, ' on Friday afternoon, and was very numerously at tended. Air. W. Woods was called upon to preside, and Mr. J. Clayton, at the request o f the meeting, attended to afford the benefit of his counsel and Mr. Woorks, advice. circumstances in openin g th e b us i ness, alluded to the under which the meeting was held. lie stated that severalo f the largest shareholders ha.d e;.d that somet the i d n a f y . days in a esamining the accounts o b r t n he en b g an a t ti t o h n they had hitherto received showed that althou h .h t a o d a , beenfew cases,losses to a large amount they wg poConfinedsesree e t of due to doors, and that the bank we.% in amount of lucrative business. iiseluotal of a large the directors, who had been blamed to call the attention of the shareholderof the terms of the deed of settlement of the : ora te ' which precluded the directors from any control the management and from all right to require infor mation from the manager. The committee, however, felt that as they had not power to require the produc tion of the necessary papers and documents, it would be premature for them to lay any statement b e f ore the meeting, or to give any decisive opin ion As to the Cash bills ... ... ... ... X 143,617 13 6 Dormant account ... ... ... 116,289 11 0 Cuerrnt accounts ... ... ... 1,500,847 0 4 Royal Bank-buildings ... £65,000 Profits since June, estimated at 30,000 95,000 0 0 £1,855,754 4 10 995,279 3 2 £1,885,754 4 10 The following report was also read:— " Report of the undersigned, three of the directors of 1846, to the meeting of proprietors in the Royal Bank of Liverpool, appointed to be held on Saturday, the 30th of October, 1847. " We, the undersigned, in addressing ourselves to our brother proprietors, in reference to the stoppage of the bank, cannot refrain from giving utterance to our bitter regret and keen disappointment at the pre sent position of this great establishment, and all we can urge is, that in the course adopted, unfortunate as it has proved in result, we had no better object in view than to serve the interests of the proprietors. " But our first act on the present occasion is one of clear and obvious duty. It is well known that over weening confidence in the stability of one great mer cantile house, followed by the extraordinary pressure of the times, has csused the stoppage of the bank. In that confidence your manager, Mr. Chaffers, did not continue to share. Nay, when the debt was about one-third of its present amount, and Mr. Chaffers was on the eve of departure from home on account of his health, he earnestly remonstrated against any further advance being made to the house in question ; but the directors were of a different opinion, from the assur ances of honour, wealth, and integrity of the principal partner, and fear of the bank being stopped, and did not act upon Mr. Chaffers' recommendation. " In June, 1846, Mr Chaffers went from home, and, with the exception of one short interval, was absent from the bank about seven months. During his absence, Sir Thomas Brancker undertook the office of manager of the bank, and held, in addition, the office of chairman of the directors. "In the position in which Sir Thomas was now placed, confident of the stability of the house and reposing implicitly in the integrity and good faith of the principal of the firm, he was led on by degrees to make advances, even in the face ofpromises unfulfilled, until the amount was literally too overwhelming to contemplate, and the firm was the n u ph e ld, least the hank itself should go down. " In thus adverting to the name of Sir Thomas Brancker, we have no wish to cast an undue share of blame upon him; but it is right that the proprietors should know that we were not acquainted with the details of the transactions as they occurred. Whilst Mr. Chaffers was at home Sir Thomas Brancker alone was admitted to a knowledge of the accounts of the customers ' • during his absence Si r Th omas a l one possessed this knowledge. But we are bound to con fess that Sir Thomas Brancker did occasionally con sult us in reference to this account, and that we beheld, with consternation, its increasing amount. " In the steps taken from time to time by Sir Thomas Brancker alone, as well as those taken with our sanction, we can solemnly assure the proprietors everything was done, as was supposed at the time, for the best. 'We now see, however, that the resort to concessions, where firmness against encroachments ought alone to have been displayed, was a grievous error of judgment, and one which we shall never cease to deplore. The prisoner offered no defence. Mr. YARDLEY committ e d hi m f o r trial for the felony. RAILWAY SHARE MARKET S ' LIVERPOOL, OCTOBER 30. STOCK EXCHANGE.-There is not so good a dema nd f d r shares to-day, and prices are l ower . We close du lla r il s . heavily at the following quotatio n s :- Bi r kenhead, L 5%, shire, and Cheshire Junction, (271. 10 s . Shares), I Grel d Ditto, 221. Shares, 6 1 % dis.-Eastern Counties, 1 5 ' / 4 - 7, e nd Northern, 5% dia.-Great Western, 5 p.-Huddersfielubire, Manchester Thirds, 1% c. dis. =Lancashire and fv,r ks ien ), Fifths, 7 / 8 c dis.-Ditto, Fifths (late West Riding L' l3 , iths , 3% dis.-London and North-Western, 149 c.-Ditto, f h i este r 9 1 % c. p.-Ditto, Quarters, New, 5% p.-Ditto W anc lo te, and Birmingham), Quarters (A and B), 2 3 A p.- anc pito Sheffield, and Lincolnshire, Quarters, No. 1, %e. vittos 101. Preference, 38. 9d. c. di s .-Midl an d St oc k, 105 - sor di 401. Shares, 39 1 4 c.-Ditto, New Halves, 3 dis'fir Staffordshire, 1% dis.-Presto n an d Wy re , 33% S o u Eastern and Dover, 26% c.-Ditto, No. 4, Thirds , 2 % fib 9d. c. dis.-York, Newcastle, and Berwick (G. N. E*) , MANCHESTER, OCTOBER. 30. A York' STOCK EXCITANGE.-The s a l es are -L ancas hire an d „, 51 shire, Fifths, 15-16 dis.-Man c h es t er an d Birminghned Ditto, Quarters (B), 2q 'p.-Manchester, Sileineiu,,stens Lincoln, 70%-North Staffordshire, % e .di s .-Southi v r p r and Dover, No. 4, 2 13-16 dis.-Huddersfield an", h or chester, Third=, I/. 13s. 6d. dis.-Manchester and Seth" ton, 355. 6d. dis.-West Riding, 2 15-16. LEEDS, OCTOBER 30. • P r STOCK EXCHANOE.-A go o d d ea l o f s t oc k is again j ing on the, markets, and holders of small shares are val the fr o alert to embrace opportunities for relieving thenrselvl,l ea the responsibilities of calls by se lli ng t o th os e who 11 ;' ,[ 0- dertake to register the transfers. The sales are- .. Ls rt berils casbire, dis.-Ditto, Quarters, 33 5 . di s . -Great - 00 , 4 ,n• 51. 18s. 6d. dis.-Lancashire an d Y or k s hi re , Fifths, 15 dis.-Ditto (West Riding Union), 625. dis-Lesus 130- Thirsk, 19 3 4 dis.-Ditto, Preference, 355. dis._Sortbfford fish, Halves, 10 1 / 2 -Ditto, Thirds, Ils. dis.-North shire, 245. n. dis.--North- Western, 4 3 4 n. snc t Rotherham, and Goole, 4% c. dis.-York, Newcas tle ' Berwick (New Berwicks), No. 2, 1 4 dis. NEWCASTLE-UPON-TYNE, OcronEn 3 °' d CO" STOCK EXCHANGE.-The sales are-Lancaster An d Veit lisle, Thirds, 2 p.-Newcastlo and Carlisle, par-Pi tt f ° , r eec. Scrip, 21,4 p.-York, N ewcas tl e , an d B erw ick, Pr e (G. N. E. Parch.), % dis.-Ditto New, No. 2, 'A P" HULL, OCTOBSE. 30. A i ry STOCK EXCHANGE.-The b us i ness transac ted tn - ,4 0 161 0 been of a very limited na t ure . Th e prospect cf pa,,r-all re" meeting early gives gene ra l sa ti s f act i on. Although re aOl mains firm here, the repo r t s f rom some ot h er towns tops thing but favourable, and it is evident much has 3,"- t i endured before the prese n t cr i s i s passes ever. The 83 '7 , 1914 Great Northern, 51. 17 s . 6d. di s .-L ee d s and Tllerj„srdsbire' dis.-Hull and S e lby, Halves; 22% p.-North , 20a. dis.-North British, Thirds ' 11s. dis. EDINBURGH, OCTOBER 29. 2 91 ' STOCK EXCHANGE.-The sales are--Aberdeen,,orly, -Airdrie and Bathgate, 3/. 7s. 6c1.-Arbroath and 261. 95.-Ditto, Halves, 13/.-Ayr and Gallown,P, &Ala ° 6d.-Caledonian, 351.-Ditto, New, 17s. 6d.- 1,31 ,, e ,0(• and Dumbartonshi re ,ll. 10 s . -Cl y d es d a l e J unc tion, . ) ""ii, 63. -Deeside, 31. 85.-Dunblane, Donne, and Callender, -Dundee and Arbroath, 341.-Ditto, New, l':Tv, z l ' Ditto, New, No. 2, 341.-Ditt o, N ew, N o. 3, 31 dee and Northern J unc ti on , 1/ . 5 5.-Dun d ee a nd Per gs.." IN.-Ditto, New, 13/. 10s.- Ditto, Quarters, 2 `".sdis; East of Fife, 41. N.-East Lothia n Central, , 99" burgh and Bathgate, 4/. 45.-Edinburgh and Gis s tiibres' ex div.-Ditto, Halves, 14/. ex div.-Ditto, Ne w ,„, fre" 41. 55.-Edinburgh, Leith, an d G ran t on , 151.-1 ,r.s"'"' 35, ference, 194-Ditto, New 3/. 145.-Ditto, Edinburgh and Northern, 18/. 7s. 6d.-Ditto, NeT. borgb Edul -Ditto, Newport, W.-Ditto, ditto, New, IL r _ lias ge and Perth, (New Co.), 15s. -Ditto, Halves, 55.---'445-1,00, and Ayrshire, 1001.-Ditto, New Stock, 391. 10s. - 'oor Halves, No. 1, 51. 10s.-Ditto, Halves, No. 2, ,_ Bl l - 7. k _ 38 1 . gow, Dumfries, and Carlisle, 71.-Glasgow and Garn''',;,' And Quarters, 155.-Glasgow General Terminus, 10/. 10s.-G l l : fer N en ce , Greenock, 16/. 10s.- Ditte, Halves, 71. I. -Glasgow, Kilmarnock, and Ardrossant. (Igo Great North of scotland, 17s. 6d.- Great Nor Direct Northern), 2/. Ss.-Ditto (l a t e London an d 1 -t'A l eo r -.North British, 25/. 10s.-Ditto, Halves, 12/. -D . , Th i r as ters, 41. ls.-Ditto, New Quarters (scrip), 83,-Dittn, 1/. 125.-Ditto, Fifths, 5/. 55.-Scottish Central, 23 1 ; Scottish Grand Junction, 55.-Scottish Midland, 1 -°`' R eff , -Shrewsbury and Hereford, 10s.-Shrewsbury, OS I L;" and Chester, 181.-Stirling and Dunfermline, 3/..--P'" - - 7 , 0 1f: and Midland, 71.-Wishaw and Coltness, 44/ York, "'IP: „,.„ 1. I castle, and Berwick, 123/.-Ditto, Extensions, . 04 °' t ; t 55.-Ditto, ditto, No. 2, 101. 12 s . 6d .- Di rect Bon3 lo ,Ab Madras, ls. 9d.-East Indian, 1/. Os. 3d.-Great r' b et India, Is. 3d.-Great Southern of Madras, 15.-Ma u "'' lore, and Arcot, ls. 6d. GLASGOW, OcToBxR 29. xefo STOCK EXCIIANGE.—The sales are—CaledoniVti a . eV.; 1; 178.-111de° and Perth, Quarters, 443.—East r :.. - 'll,O Edinburgh and Glasgow, 4814 ex div.—Ditto , ex div.—Edinburgh and Northern, New, 1 18 - 6 ' l ; p crab Newport, s%—Ditto, N ew , 9 s . 6d.--Edinburgh vitt° , Halves, ss.—Glasgow, Kilmarnock, and Ayr,. 9872 38 1 k ". 5 per cent. guaranteed, MlA—Ditto, 401. Sivlr e ti r ern' Glasgow Halves, No. 2, 7 1 / 4 —Glasgow and en, Glasgow Harbour Grand J u n c ti on , 3 s . 6d. at "rtn uitr D -43s.—Manchester and Southampton, Bs.-- No New T Stirlin 'Thirds, 30s. 6d.—Ditto, Quart ers , 80 5 .—Ditto , N' Q and ters (Scrip), 93.—Scotti s h C en t ra l, 23 ex div.— §. Dunfermline, 50s.—York, New cas tl e , an d Berwick ( G. Perch. or Preference), 8%. 6d.—Great No,„rit eit OLD CHINESE ART AND INDUSTRY. A 6C4) n rui Ve u I a a o the late researches of Mr. Stanisla; J r 0 -f F. 1., the making of iron or other metal ships is aced discovery of the present century. The ce,..‘e - p r :-els Chinese philosopher , Hoai-Haw-Tse, speaks 0 1 e• itter made entirely of iron 156 years before Christ- do ter o i ver, the historians of the province of Kiao-tcheee • t he t iat in the district of Nang-ting is yet to be s een te ars copper craft of King Koon-tsien, who reigned 7 0 ', 1 , s ea before Christ. This vessel, buried in the sand Of fine, shore, was visible at low-water mark. 1 6 is ' .n .gieg recorded in the work called " Chi-i ki," that whe ba te to Yen Kien (about 265 or 419 B.c ) sent his tr Peking, his ambassador embarked ' on board of a e asel entirely composed of copper sheets, in which he ' the capital.—Builder. PROCEEDINGS IN BANICRUPTCY.—The cellor has made an order under the new 11th Victoria, c. 102, transferring the jurisdietif'w to bankruptcy from the abolished Court of Se art oa Vice-Chancellor Wigram , who will hold a e n— I3Y Wednesday next for proceedings in bankruPteY. de the first section of the Act the Court of Review 1- ,,, t ed clared to be abolished, and by the second it is. elj- aild " that all the jurisdiction, powers, autheritl eg li,bedo proceedings of the Court of Review, hereby sb °- ,,lfter shall be transferred to and vested in, and shall be t— s of ce ilor lior beisecured and enjoyed by oneof the Vice-Chan the High Court of Chancery, as the Lord Ch l V e iliS shall from time to time be pleased to appoint' C hie f AeLt,oridotChniVci Honour Vice-Chancellor Knight Bruce was th e „ th of Judge of the Court of Review until the September last, when it was abolished. W ith FAST-DAY.—Yesterday, being the sa crara fast-day, was o b serve d i n Edinburgh and vicinity tioa the usual solemnity, the shops almost without ex eeP d to being closed ; y e t the fineness of the day so we tempt crowds to embark in all sorts of pleasureueo, cursions, and early in the afternoon signs of drill 50 'loss . became apparent in Leith-walk, on which 2 0 c6 / 0 11 omnibuses plied assiduously. The railways were N or th operation. The numbers who passed along the ,10 0; British line were 2,870; Edinburgh and Glasgow , I .l i ior th Edinburgh and Grant= we have not ascertained British Mail of Friday. 1.4 56 [ADVERTISEMENT.]—A DREADFUL BA , .- Dir. CURED BY HOLLOWAY'S OINTMENT AND PLaßrhiell W. Arnsby, Ayston Toll-gate, Uppingham, boa T t b very grievously a ffl icted for a number of years w ith 8 dreadful bad leg, which rendered him unable without the most excruciating pain ; various l? fa i led lions ru encioi lmhwmeeerunesdeuedsdeidihowi Holloway's w h bay t y h m,es Ointment j e no w tri o ve f enr h t, e a a on l f i d n li g l;i i pl t ii , sl; b giv u t Z ir : h i o o .B re e in invaluable medicines effected a perfect cure of big! t he an an incredible short space of time, thus again slow A t'ndo, superiority of the se reme di es i n a l l cases of old we l li d by all ba d d b r r u e g a g st iss, slcaanucedrs, at tu v m ro o f i e w s s s , or an i d io siwioewllaiynT eats • meat, 244, Strand, London. BIRTH& $. On the 29th ult., at Exmouth, the lady 0. , - vir • 11 George, Esq., of a daughter. t he rev On the 18th ult., at Old Shoreham, the wife of W. Wheeler. of a son. gent , t the b ry On the 27th ult., at Knight's-place, Pem a , bo rn. lady of Commander J. W. Finch, R.N., of a son, s till- ~ qrs . On the 28th ult., at Glengall-place, Old Kent-roaa ' Joseph Rolls, of a daughter. 010 1 On the 28th ult., in Nelson-square, the wife of Mr. Francis Farmer, of a boy. r ank On the 28th ult., in Hare-street, Spitalfields. M rs ' r Jaques, of a daug. On the 28th ult., hter at Coventry, Mrs. Charles Dresser, °I. S daughter. ."„' Vir• On the 28th ult., in Sussex-ter r ace, Hyde-park , 'a'''' Copland Judd, of a daughter. ---------------. MARRIED On the 23d ult. at the Cathedral, Ripon, Frederick Ge°l.g..e. Leigh, RN., to Phoebe Althea, second daughter of the lin v John Rothery, Esq. On the 28th ult., at St. Geor 's Ramsgate, Coal Dwell, W. Boys, R.N., to Elizabeth, d ge l: •of the late I. Esq., of St. John's, Thane. ' aug tel. --------- A of DIED. At Glasgow, suddenly, Donald Cameron, so p ► o n ly sh i r e. the late Captain Robert Cameron, of Callart, Invern On the 23d ult. at Paris, F. Dizi, Esq., of Albert - Regent's -park, aged 67. ed 73 ' On the 23d ult., at Chertsey, Mr. R. F. FlarriS, ag WOO On the 27th ult., at Ramsgate, Maria, relict of Sir Johnston, Bart, of Hilton, Aberdeenshire. Gib b 6 ' On the 27th ult., at Southsea, Hants, Mr. Jame s _ o e la On the 28th ult., at Stockwell-common, Thome.' Garde Gri,s(ll. F q., aged To street, ~....e, London: Printed and Published by MURDO Y 010.64 No. 112, Strand, Printer, at The Sun Office, No. A A Q I: Strand, in the Precinct of the Savoy, ill the W I " libicilegie2c,lsl9nday, 1 , 191011 m 1,1847. blood gushed in a stream from the nose and mouth d Hughes, and he also saw blood running down his arm. Witness also sang out "Murder," and ae; sisted in securing the prisoner, who dropped a knu e on the floor in the lower room before a policerua! arrived. He saw Hughe s a ft er h e was undresse d. His nose was slit, his mouth cu t o p en , and there vial a stab on hi 3 arm. Th e j ac k e t an d shirt of the pro' secutor were cut through in a di rec tion correspondi n il with the wound on the arm. John Straubert, a foreign seaman, who was., 8 e , r amined through the medi um o f an i n t e rpreter, said went to bed a quarter of an hour before the Nta. commenced, and the prisoner cam e to his bedside a n d borrowed his knife, and said h e wan ted it for t he purpose of cutting up tobacco. After the prisoner had got the knife he saw him on the stair landing, and he waited in the dark until Hughes came 111) stairs, and then attacked him with it. Pickering, a police-constable, knife stained with blo o d, w hi c h th e l as t w itness iden ti c i fled as the one he lent to th e p r i soner . It was fou r '. in the room in the lodgin g -h ouse , c l os e to the P ry soner's feet. 87 K, produced! • ! I