The Press.
London, England, 1856-02-09 00:00:00

POLITICAL KITE -FLYING.

Is certain sections of the commercial world,
the practice is not unknown of creating ficti-
tious capital by a plentiful issue of " promises
to pay." While the paper floats, the concern
looks flourishing ; but when the promises are
to be met, the prosperity vanishes. BCCKSTONE,
in one of his farces, represented one of the
kite-flying fraternity, and found himself melt-
ing so fast that he supposed there would soon
bo nothing left of him but his suit of clothes.
Had the suit been stolen, the parallel to tLe
plight in which the Vice-President of the
Board of Trade found himself last night
would bo complete.

The Government opened the session with
wonderful pomp. No end of Reform Bills
were to be introduced. Mr. LOWE was in
particular to signalise himself by the breadth
and liberality of his legislation. He took
entire charge of the commercial law depart-
ment. PEEL and GLADSTONE were to be out-
done. The Partnership Bill passed last
session was to be repealed this in favour of a
much greater measure. The journal which
cries him up in an especial manner, declared
that the City was in raptures with his an-
nouncements. Last night his promised bill
was laid on the table of the House, and a
juster measure was taken of Mr. LOWE'S legis;
lative capacity.
In the Critic, Sir Fretful Plagiary objects
to placing his play in the hands of managers
who write themselves. " Egad, they may
" serve your best thoughts as gipsies do stolen
"children—disfigure them to make 'ern pass for
their own." The amendments moved by Mr.
CAIRNS to the Partnership Bill last session
have been served in this way. We print Mr.
LOWE'S boasted bill at full, and by the side of
it place Mr. CAIRN'S amendments of last
year, as we find them in the parliamentary
paper :

MIL LOWE'S BILL, JUST
PRINTED.
Whereas it is expedient to
amend the Law relating to
Partnership : Be it therefore
enacted by the Queen's most
Excellent Majesty, by and
with the Advice and Consent

of the Lords Spiritual and

Temporal, and Commons,
in this present Parliament
assembled, and by the Au-

thority of the same, as fol-

lows :—.

I. The Advance of Capital
or Money to be used in any
Trade or Undertaking not
being the Trade of a Banker,
upon a Contract with the
Person carrying on such
Trade or Undertaking that

MII. CAIRNS' AMENDMENTS

the Person making such Ad-

.-
vance shall receive a Share
of the Profits or shall bear a
Share of the Loss of the

Trade or Undertaking, shall
not, of itself, reader the Per
making such Advance
liable to Third Parties as a

Partner in such Trade or

OF LAST SESSION.

Leave out Clauses IL to
VII., both inclusive, and
substitute the following
Clauses.

I. The Advance of Capital
or Money to be used in any
Trade or Undertaking, upon
a Contract with the Person
carrying on such Trade or
Undertaking that the Person
making such Advance shall
be remunerated solely by a
Share of the Profits of the
Trade or Undertaking, shall
not, of itself, constitute the
Person making such Ad•
vance a Partner in the Trade
or Undertaking, or render
him responsible as such.

Undertaking.
H. No Contract for the H. No Contract for the
Remuneration of a Servant Remuneration of a Servant
or Agent of any Person en- or Agent of any Persil) en-
gaged in any Trade or Un- gaged in any Tiale or Un-
dertaking by a Share of the dertaking by a Share of the
Profits of such Trade or Profits of such Trade or Un-
Undertaking shall, of itself, dertaking shall, of itself,
render such Servant or Agent render such Servant or
responsible as a Partner Agent responsible as a Part-
therein. ner therein.

111. In the Construction 111. In the Construction
of this Act the Word " Per- of this Act the Words in the
son" shall include a Part- Singular number shall ex-
nership, Firm, a Joint Stock tend to the Plural, and the
Company, and a Corpora- Word " Person" shall in-
Lion- dude a Firm, a Joint Stock

Company, and a Corpora.
tion.

An amusing scene took place when Mr;
CAIRNS rose to claim his stolen property. The
Government had violently opposed Mr CAIRNS'
amendments last year. They taunted the Op-
position with faction in taking the sense of the
House upon them. The Premier "hl ustet ed "
Mr. CAIRNS and his amendments down, and Mr.
LOWE in every instance voted against the
clauses he has now framed into a bill of his