The Express.
London, England, 1862-10-07 00:00:00

Alderman Gabriel—That is a vary fortmordissr/proceed-
Ix)Your prospectus states your capital to be ZO,OOOl.
shares of 51. each, deposit Ea. pea &here, sad 15s. on
tweet. As there has been no allotment of shares upon
which deposits have Keen peal, who were the shareholders
who diamineel the defeudant from the hoard of director!

Mr. Lewis—Bow masy abareholdsre were meant at this
extraordinary meeting!
Witome—Three, air. (Great laughter.)
Alderman Gabriel—Who were those!
Witness—Y) sell, my son, and Kr. Bray. Miaowed
laughter and sheering.)
Mr. Lewia—That is what you call an extraordiniu7 mewl-
log? (Laughter.)
Alderman Gabriel—Or perhaps you would call it "an
influential meeting of shareholders. " (Lwughtst.)
Yr. Lewis—Those were poor who had reesived transfers
of shares hem you to qualify them ma climate's. Wm any
one preempt at that meeting who bad paid one 'billing on Ina
'hares?

Witness—Yee. There wee a party there who bad paid
thousands of pounds.
Mr. Lewis—Who was that?

iiiii;;..-=m;;;11.-(it;;;ThLf laughter.)
Alderman Gabrtst— I see by the articles of associstiou
that there sr* a *umber of gentlemen's names put forward
ea directors in 1.860. What became of those names?
Witness—They resigned in Februsry, 1562.
Alderman Gabriel—Bad they held any shares?
Witness—No, sir.
Aldermas Gabriel—Then putting their cams in this pro-
Vectus was all a shars
. . . .

-.-Wirne7l47Llkir, air, for they were to Isar taken shares.
Alderman Gabriel—But you sent out • prospectus to the
public announcing these perms as properly qualified direc-
tors. Would not the public be justified in coming to the
conclusion that all those gentlemen held shares in the under-
Liking ?
Witnees—Certainly, they would.
Alderman Gabriel—Then do you not think it is • sham and
a fraud upon the public to pot forth such an announcement ?
I do not hesitate to say that it is a shim sod a fraud on your
part towards the public to send out • book late this, with
a list of directors totally unqualified according to the esti-
ales of your association.
Mr. Lewis—My client was not connected with the com-
pany at that time.
Alderman Gabriel—My observations do not apply to your
client, sir. Lewis. The whole thing upon the face of it is
• fraud upon the public, and I should advise you, Mr.
Tustin, to have • little more thought in future before you
place yourself again in such an equivocal position. Really,
the public ought to be obliged to you—(tremendous cheer-
ing and laughter)—for bringing this matter forward r a
flagrant instance of the manner in which companies are got
up by persons for the purpose of putting money into their
own pockets. You have placed yourself in a most disgrace-
ful position, and I do notthisk it necessary to go whether
into the was. I thereto.. dismiss the semsnons.
. _

ooneur in the whole of Alder-
man Oabriid's remarks, and I may add that if arty mosey
has been paid to this company under the cirewarbuoess
divulged, there will be very good ground for a charge at
obtaining messy wader false pretences.
The decision and the concluding remarks of the worthy
aldermen wer received by a crowded court with such a burst
of cheering and derisive laughter as is seldom heard within
the precincts of a emir of justice , amidst which the defend-
ant and his counsel the court.

THE aarrntEr CORN TRADE.

(From the Mark-lane Exprat. )

The past week wag generally warm, with some
quantity of rain. This has been well for the ;TIM lands
and growing feculent., but very injurious to the samples of
sew wheat offered for sale in the various markets, which,
on the whole, have been well supplied. Perhaps we shall
not be far off 001TOCLOOM in estimating the quantity thus
rendered almost unsaleable at two-thirds the entire bulk.
With values now much reduced this is a serious matter to •
growers, but there seems DO help for it till the atmosphere
becomes dry or frosty. As good foreign continues abundant,
millers are under no necessity to take an inferior article, nor
to run risks with their flour. Prices, therefore, have been
still drooping, but fine old English and foreign have
scarcely yielded. As respects future supplies, it is more
and more confirmed that the Baltic provinces, as well
as America, have a good yield of fine quality ; while
Odessa, if not equally abundant as in past years, has supe-
rior weight sad condition. For the present, however, oar
rates are little encouraging to imports. The Baltic ports
haves yet been in a position of expectancy, but when
assured there is small chance of bettering tbeinselves before
Christross by large English orders, will probably give wan
or send on consignments. The United Beaus will also he
anxious to ship their quota before winter, when our princi-
pal imports will be from the Danube and Black Sea. By
that time, if not previously, we shall have arrived at •
be7tar estimate of the year's produce, which, in spite of the
present plenty, we take to be much below an average ; and
this with the population still advancing, notwithetead.
leg the present distress in the north. Let us hope, how-
ever, that the insane and deadly strife now waging in
America will speedily end in a lasting patine, alike hue-
finial to liberty and commerce.

The arrival; off the ooaat duce the 26th of September
were 222 cargoes, of which 105 cargoes were wheat, 62 ar-
gon maize, and 14 barley, 19 beau, and remainder mine/l-
inens. The business reported was as follow' :—Mariame-
poli and Berdianski wheat at 43e. 3d. to 45e. ; Chine,
41s. 6d. to 425. 9d. ; hard, 41e.; Danube, 40s. • American
spring,winter, 495. ; and Seidl, 33e. id. to 345. ;
maize, 29e. 6d. to 31s. ; barley, 23". ; Seidl beam 31a. ;
and rye for the continent, 325. to 325. 9d., cost, freight, and
Wausau.
The sales noted lest week were 90,688 qrs. Wheat at
53e. 2d., against 174,294 qm. in 1861.
The Loudon avenges were 525. Bd. on 3,927 qrs.
The arrivals into the kingdom for the week ending the
27th of September were in wheat 191,523 qrs., in flour
56,647 cwt.
Monday's whoa, trade in London commenced on a mode.
rate English and a fair foreign arrival, though much less
than for several weeks past. The show of samples from
Kent and Ease: during the morning was only moderate,
but there were some of the previous week's among them ;
and this made an increased difficulty in Balm. Even the
beat new wen emweel7 inquired for, and so little bunnies
passed that priors send only be considered nominal. The
buaineu in good dry Meeks was not. however, so inanimate,
there being a moderate inquiry for old on fully the terms
of the former week, hut to sell new would have required
some concession. Meths( cargoes were held at about the
same value, but the deemed was slick. On Wednesday
there were 1,320 us. per coast, with 12,010 qrs.
foreign. The little business then traneaeted was in
choice samples, at something under the nominal primes
of the previous day, moat of the damp qualities remaining
on hand. The foreign trade was vary Am at previous
rates. Friday's returns were 2,330 qrs. per coast, with
21,090 qra. foreign. The same dulness then ruled as at the
beginning of the week, new English only selling occasionally
at le. to 21. per qr. below the doubtful quotatioas of Monday.
In fine foreign a retail demand still obtained at unchanged
prices.
There was a good amply of country flour ma Monday, but
the foreign arrival was oonaiderably reduced. The warm
damp weather was much against the condition of Norfolk',
and they were more difficult to place at rather less money. So
were low American barrels ; but fin nisi very scarce, were
fully u dear, and the top price of Loodon-merle was without
change. Wednesday'm arrivals coastwise were 340 nen, with
410 sacks 7.480 barrels foreign. There was thee no im-
provement in the deemed for country sorts, nay little being
placed, aunties in approved marks. Barrels also were
equally dull, without prima being quoted lower. Friday's
returns were 1,060 sacks pea coast, with 2,010 sena 18,1
barrels foreign. With this large addition to the foreign
arrivals on a full and dull market, and the weather
damp at summer heat, the trade was almost ens-
undid, though neither country aorta nor foreign were
offered cheaper.
The barley supply was altogether moderate on Monday,
both in British and foreign qualities. The few picked
samples of doe that appeared went off well, bet eseoedary
aorta were exceedingly dull, being segleatell trf 211ffittard.
both from their Inferiority and the lemellshie wean.
Grinding aorta, however, sold at the name mossy desilly.
On Wednesday there were 130 qrs. per coast, with 2,210
qrs. foreign. B'eyond the coast arrivals there were gempies
of English per rail ; aid then being sent for aniffiss pur-
poses too early, and being only of second•rate gamy.
could only be placed at rather leas money. Friday's Marne
were 460 qrs. per coast, with 4.760 qra. foreign. Beeesdnry
and distilling aorta, both English and foreign, wen then
6d. to le. per qr. cheaper ; and even grinding foreign was
in buyers' favour.
The malt trade was very needy for fine qualities at tut-
altered rates.

The entire supply of oats on Monday was little beyond an
average, divided await equally between English and foreign,
showing a large increment the former. sad gnal diminution
of the hitter. This free exhibition of new English samples
bad an effect beyond its present quantity, giving the notion
of future 'toady supplies, and the market gave way fully
6d. per qr., and in some cases more ; even old were also
influenced in boyars' favour, excepting very choice quali-
ties. Oa Wednesday there was nothing per coast, with 580
qre. Irish, and 6,510 qrs. foreign. There were, however.
fair 'applies of new English beyond those Tehran per
rail, and prime wereagain rather in buyers favour, though
old corn of good quality about maintained its former vulva.
Friday's returns were 70 qrs. per coast, 580 qrs. tent Ire-
land. and 11,520 quarters foreign. The Manatees &ne-
wer& then finished in a decline on new corn, both English
and (orbit°, to the extent of 6d. per quarter,with but a very
moderate demand ; none but the best old owaninaffing pre-
vious rates.
The supply of beans on Monday was staersie, both is
homegrown and foreign sorts. The warm 641. vas
against an active trade. New English were rather lower
,
and old of all aorta were difficult to quit. The week domed
with farremin dulness.
The 'apply of peas on Monday was also but modarses.
Beacham* white honour maintained their value, but the
vein of feeding foreign was scarcely maintained ; maples
adden being also a slow sale. Prior on Friday were
weedy sustained.
Linseed again arrived bit sparingly ; and though no ex-
ports were noted, the value of all dominion kw ening
woe tally maleced. At the close of the weak, wilh lame
minis of the man, prime became rather mater. Sine
be sew nellembeed lianas appeared, it Mee& eseek-
detebi7 stare mean thus the Int mum 10s. par bow I
Mae paid ; bet there was net se equal in
ether mats. New whir tree being eel tal ipso