The Daily Times.
Liverpool, Merseyside, England, 1860-03-12 00:00:00

THE DAIL/ 111$1ES, MONDAY, MARCH 12, 180.

mortgagees to be paid the amount which, upon taking
the account by the official assignee, may be found due
to them.

As to the filtures, it have been decided by the cases
of "Exparte Broad*ood" (1 Mont., D. and D., 631)
and ‘• Exparte Heathcote" (2 Mont., D. and D., 711)

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that an equitable mortgage of leaseholds will carry fix-
tures though not mentioned in the memorandum of
deposit. I think, therefore, that the bank is entitled to
the three cast-iron soap pans, and the evaporating pan,
the rosin pan, small icon boiler, steam boiler and crane,
and to any wrought or cast-iron tanks which may be
sunk in the ground. The case of "Barclay re Gawin"
(5 D. M. and G. 410) having expressly defined " fix-
tures," in the case of a mortgage, to mean such things
as are ordinarily affixed to the freehold for the conveni-
ence of the occupier, and which may be removed with-
out material injury to the freehold.

LIVERPOOL SOCIETY OF FINE ARTS.

The annual meeting of this society was held on Satur-
day afternoon, in the Public Salesroom, Liverpool and
London Chambers. Mr. Leicester presided; and the
general attendance was large.
Mr. JOSEPH BOULT, the secretary, read the report, o
which the following is an abstract
The council of the Liverpool Society of Fine Arts,
in again bringing the position of the society before the
members, have pleasure in being able to present it in a
very satisfactory and encouraging aspect.
"From the balance-sheet of the financial results of
l!"the first year's proceedings, as audited, it will be seen
that, when the council now retiring entered office, the
liabilities at that time outstanding amounted to .£855
7s. Bd. This large sum, which consisted of the expenses
incurred in establishing the society and in adapting the
Queen's-hall for the exhibition of paintings, is now
reduced, in the balance-sheet audited for the year just
closed, to £416 12s. sd. There are some liabilities the
extent of which is not perfectly ascertained, as some
accounts have not been rendered, and some assets which
were not received before the close of the financial year;
but it is believed that the debts and credits will about
balance each other. Taking the liabilities now out-
-standing at, in round numbers, £420, it appears that
£435 of the debt have been discharged ; and against the
remainder may be set the picture purchased for the per-
manent gallery, the furniture and fittings in the Queen's-
Ilan, and the proportion of rent paid in advance.' .
" The working expenses will be less in future than
they have been, as increased experience shows that judi-
cious retrenchments may be effected without in any way
impairing the usefulness of the society, or departing from
the liberal principles upon which it is established.
" The formation of a permanent gallery of modern
art, to become the property of the town at large, being
prominent among the objects to be realised through the
instrumentality of the society, the council have been
anxious to make a beginning in that direction ; and they
hope the diversion of a portion of the surplus income to
the purchase of Mr. Tyrer's admirable pictures, as the
first of that collection, will meet with the cordial approval
of the members.
"Much, regret has beea felt that the state of the
finances did not permit of more being accomplished
towards the formation of the permanent gallery ; but
Until all outstanding liabilities have been exthiguished
the Mandl feel that the chief portion of the surplus
revenue must be applied to that o'xtinction. They beg,
however, to -urge the importance of securing further
compositions from subscribers for life; and, considering
the increasing stability of the society ; its claims for
conficlemce from the fact that the ordinary receipts are
in excess of the ordinary expenditure ; and the valuable
privileges which are secured to donors to its funds, there
can be little doubt that these strong inducements will
attract a portion of the public spirited liberality of this
great and enlightened community.
" The season of the year most favourable for the
exhibition of *orb of art is, unfortunately, not available
under existing circirrastartces for the annual exhibition
of the Works of Living Artists but it was suggested
1 that an exhibition might be opened of works now in
private collections, and of proof engravings and photo-
graphs. Invitations for contributions have been issued
accordingly, and have elicited very liberal and satisfac-
tory offers to contribute, works of ancient and modern
masters, notwithstanding the numerous applications to
which the owners of valuable works are exposed..
"In the photographic department the council enjoy the
important assistance of the photographic section of the
historic Society of Ladcashire and Cheshire. The
photographete of this neighbourhood are so honourably
distinguished by their zealous devotion to their pursuit,
it is anticipated that this department of the exhibition
will be richly supplied:
" It is intended that the exhibition shall be opened
on the 4th of April next ; and annual and life subscri-
bers will enjoy the same privileges of admission as to
the usual autumn exhibition. The subscriptions for the
current year became due on the Ist instant.
" 'the Annual Exhibition of the Works of Modern
Artists will be held iii geptember as usual. As it is
rumoured that the forthcoming season will be more
than usually prolific in works by eminent artists, it is
expected that the exhibition of next autumn will not be
inferior to either of its predecessors.
" The amount realised by the sale of pictures in the
late exhibition was £4,850, an amount so large and'
unprecedented as to justify special notice. It is a parti-
cularly hopeful indication of the growth in Liverpool of
a taste for art, and encourages very sanguine expecta-
tions. About £1,600, or one-third of the whole amount,
were spent in the works of foreign artists,whose pictures
have proved an important and valuable feature in the
exhibitions of this society. The council trust that their
introduction will not prove in any respect injurious to
the British school. The amount realised by artists of
that school, in the season just closed, they have pleasure
in observing, was unusually large for any place oat of
London.
"A considerable proportion of the sales was effected
through the assistance of the Liverpool Art-union
Society. The substitution of the shilling subscription
for one of a guinea induced a much larger portion of
the public to interest themselves in the art-union, and
consequently the amount realised was very considerable.
Several of the prizes fell to members of the working
classes, who exercised very judiciously the right of
selection reserved to them by the rules of the Art-
union Society, The example of a shilling subscription
is being adopted, with great success, throughout the
country

" During the past year very excellent lectures have
been delivered upon sculpture, by Richard Westmacett,
Esq, R.A. ; and upon engraving by J. C. Hall, Esq.,
S.A., editor of the Art Journal.

" According to the laws five of the retiring council
are ineligible for re-election; of • these two must be
artists. The council recommend that these vacancies be
supplied by the election of Mr. Samuel Walters and Mr.
George Rickin, associates ; and Messrs. Septimus Booker,
Horatio N. Hughes, and Thomas Norris, subscribers.
." Liverpool, 10th March, 1860."

The CHAIRMAN said he was glad to hear such a re-
sult as that detailed in the report, for there were sad
prophesies about it when the society was commenced ;
and they were charged with endeavouring to create ill-
will and jealousy. He was glad, however, that event,
had justified their buidnAss ; and lie believed the society
was undertaken, not with any bad feeling, hut with the
determination to have one side of the question repre-
sented as well as the other. He was sure that the
society had contributed to the good of the town, in
various ways, to all classes.

On the motion of Mr. Frank Walker, seconded by
Mr. Storrs, the report was unanimously adopter!.
The Right Hon. the Earl of Sefton was appointed
president for the enswing year; and the list of the vice-
presidents comprised the names of the chief noblemen
and gentlemen of the neighbourhood.

On the motion of Mr. Dawson, seconded by Mr.
Baruchson, the council for the ensuing year was
appointed.

Mr. SMITH, in reply to certain letters which had
appeared in the newspapers, read the following state-
ment :—He thought the present a most fitting oppor-
tunity for the artists to express how proud they feel
to be connected with a society in whose constitution the
lay and artistic element was so beautifully organised.
The success already resulting from this happy combina-
tion augurs well for the future, and as the representative
of one branch of art, we rejoiced that it was too well
founded to be shaken by their opponents. Their success
had resulted from the various reforms which had been
carried out by their able, zealous, energetic, and courteous
lay members. He wished to say a few words in refer-
ence to sculpture, for he thought the money expended
on the recent exhibition would be very beneficial in '
promoting local art. Since the exhibitions of sculpture
at Post-office-place bad fallen off, no less than three
of our local studios had closed. The sculptor who
was not altogether fully employed upon commissioned
works, so devoted his time to such as are likely to meet
with purchasers at these annual exhibitions ; and the
painter could not look forward to the same with more
sanguine expectations. But the lay members had always
been excluded from the hanging committee of the
Liverpool Academy, who were always opposed to the
interspersion of sculpture throughout the rooms, so that
it never had a proper position allotted to it. And in
his recollection, he knew that in consequence of not
selling his works through this, a sculptor who was most
anxious to keep his works before the public, on one occa-
sion was compelled to convert into a Saxon chief a statue
that bad been exhibited there the previous year as a
heathen divinity. (Laughter.) This ought not to be,
and he felt sure that if they continue to keep up a
moderate exhibition of the works of celebrated sculptors,
it would not only make such an impression on the minds
of our youths as to cause many in this town to have to
follow them in their pursuits, but would eventually con-
tribute a warmer taste for the art amongst the profession
at large. He begged to tender on behalf of his profes-
sion their thanks for the united efforts of this society to
promote their welfare. (Hear, hear.)
Votes of thanks were passed to the auditors, to the
directors of the Wnion Bank, and to the chairman for
presiding ; and the meeting then broke up.

Lire-BOAT StutvNEs.—Tynemouth, Shields, Thurs-
day night.—This morning a fishing-Coble, called the
Honor, having on board three men named W. Dodds,
A. Taylor, and R. Storey. when off fishing about eight
miles from the land, were suddenly overtaken by a
heavy sea, and strong wind from the northward. They
attempted to make for Tynemouth haven, but the
entrance being very dangerous they durst not for some
time venture to attempt it. Under these circumstances
the new life-boat, which the National Lite-Boat Insti-
tution recently sent to Cullercoats, was immediately
manned by twelve fishermen, and launched with much
promptitude from her new carriage. She soon reached
the distressed coble, and afterwards safely escorted her
into the haven. The Cullercoats life-boat, in promptly
going off to a scene of danger, is often the means, in
cases where our fleet of fishing-boats are overtaken by
sudden storms, of saving many lives and much valuable
property, for the presence of the life-boat inspires the
fishermen with renewed courage to combat nobly and
successfully with the raging elements.

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