The Express.
London, England, 1856-09-26 00:00:00

LONDON, FRIDAY, .91110TEMBER 26.

Tres " irrec alaritire which bare talon plans In the
Transfer officl of the Crystal Palates Company,' ea a
series of most discreditable and alarming frauds are
coolly termed. open up q very serious quesSou for,
shareholders and s:ocifoolders in all our public oma-
pooh " The !etrult of the investigation in that me,
eimmeteitg from January 1,1863," says the Seeretaty,
"shows about 1,397 original sharee and 682 pre-
ference shares to have been improperly registered—
that is 0 say, to have been put on the register with-

eat a proper tit e in the transferrors—whilst other
transfers, to the extent of 1,268 original and 391 pre-
tarmac shares, similarly circumstanced, have teen
seat into the office, bat have not bean registered."
That is to say, upwards of 2,000 shares in this emu.
party have, sines the lot of January, 1868, been
fraudulently foisted on the market, have bees tram.
breed and retransferred by purchasers and sellers,
sad been incepted at.d acknowledged by the Com-
pany as true shires, while upwards of 1,800
ether such shares so frandulendy issued have some
into the office for transfer, and have, in ormsegesees
Of the accidental disurrery of the a irregelsrity,4
hew there volved before the Company bemuse !e-
-volved in tht it circulation. Here, then, we have all
actual detection, on the first blush of the fried, of
the creation of nearly 4,000 false shwas, in Leas than
two years, for 2,000 of which the Company will be
actually liable; arid how assay more a fall and inde-
pendent exemiaation into the Share Register from its
Snit opening Bill produce, who can tall? At all
events 4,000 false shares an pretty good work for
Ws than a octopi* of years.
In the case of the Northern of Franca Railway the
amount of lose was stannous compared to that which
an possibly arise to the Crystal Palmas Company.
Bat in that case the loss was aceasioned by the sob.
bary of shares transferable by delivery of the eistift.
sates which the shareholders had, ander the authority
of the company's statutes, deposited for safety in the
sompeofs offiass. That WY bad enough; bat it did
not impeach or affect the character or validity of
either the Ayes etolen or the shares not stoles.
There was neither creation aor circulation of false
shares. The case of the Crystal Palace, though
mailer in amount, goes mach deeper; for if labs
shares o►a be thee easily created, easily sold,
tad easily transferred, what security doss the
registration of shares afford the pa►lio, and who
knows whether his registered shares are tree or
false? If false, who is to suffer—the bona fide
bodes of false registered shame, or the innocent
shareholders of the company, who rely on the good
administration of its affairs for the peolection et their

event, all that a correct honest balancing an accom-
plish M at the earliest practicable period to indicate
that there most be a fraud in the register. But in
the intones before as, the half /early balancing
between January 1, 18.55, and the present tine, did
not even aseemplish that. The saelticr appears
to have accidentally seen duplicate members of
shares; and had not that circumstance roused hie
suspicion the dishonest clerk might have trebled
the number of false shares he has issued before be
was detected.

Practically the payment of dividend, which can
only take place ea a Sued number of shares, ought
to have led to • detection ; but bore peonies seems
to afford am little security an legislative them—
for it did not. Thus we me every ineehasical
protection appms to be inoperative. and
the only real security lies is the probity
of the clerks employed. Now, without any
unfair disparagement of clerks in public companies, it
may be doubted whether as a clam they are equal to
their fellows in private employment. Their ealarin
are miserably small, their duties are painfully mocha.
Waal, their prospect of any considerablesuocessinliie
is very inconsiderable indeed; they are herded together
in crowds without any effective moral supervisiou; ori-
ginally procuring their situations through direetceiel
influence, they seek safety against departmental cen-
sure in the same influence; they lire as they please,
and where they please, end we rotten sheep don Weal-
Gullible mischief to the whole flock. Directors gene-
rally exercise their patronage as to clerks without the
least ones of adequate and proper responsibility;
their lists are always full, and vacancies, however
caused, are welcome ; the Guarantee Society gives
hundred pounds security, and with that directors
rest content and think they have date their duty.
The consequesees are to be continually seen in our
police reports, and felt in half-yearly dividends.
This Crystal Palace affair ought to teach ehare-
holders in public companies two thiege—first, that it
is quite as nesmary to audit the Share Register, and
to have a oontinuons audit of it, sa it is to audit the
general beanies accounts of the company; and
secondly, that inlets they will pay the pries of
superior pennon far responsible situations, the chances
are they will not have honest employee. The share
capital of the Crystal Pains mends a million ster-
ling, we believe ; the sleek who bad complete
command over the Share Register, who erase to have
ben a married man, who "generally dressed in a
blue froolunat, fancy trousers, patent leather boots,
and light kid gloves," and who drove in his own dog-
cart to boldness every morning, had a eatery of 1601.
a year. Cm we wader at what has happened P

Mit Court.

3ALMOR&L, ear. 24.

The Quo, seeempesisa by the Princes. Alice,
owl Woofed by dm Molokioam of Illy awl the Bad of
Aborifors, boys poundal to the NU of flu Gen Vitt.
?be Prisms Amalie of liehookato fichilbagfont Mood
will' Ms Illajosty yooOrslay.

Visessat owl Visiousins Palisades lift tows yesterday
for Smell's&

The Ookedas of tbo 46th and 67th Regimes!'
ano mama moat by dot deaths of Sir Colin Holkett sad
lewd Hording,. Tito WA Regional is Qui still without a
odowd.

The Bishop of Oxford, ea Weds/6day lest, prowled
at tbe eathedral the sanael memos la aid el the lands of
the Liacrrlasisire County Hospital. The Beassforit Ihrettry
ears the eellisetlos easoaatal to 1021., the largest that ham
over yen ben obtained.

property P
Hitherto we in England have preferred fogies
tratioo, and enmesh, and payment of stamp dad"
to sale and purchase by delivery of certificates only;
we have preferred trouble sad delay, and payment et
bee in companies' transfer departments. to simply
getting our shares from oar shareboker on his
responsibility. Bat this fraud quite upsets our theory
of protection ; this fraud shows that, after all, OW
preferen;* yields us no certain security that transfer
deed., and vamp duty, and registration, and regis.
tuition fact, may be " a delusion, a mockery, sad a
snare ;" th.it all the oars our sets of Pediment* lam
taken of us in this respect is entirely 111111611111. 160
a clerk is disposed to be disband. This hand stamp
therefore, at the very root of ear system of themer
share certificates, share registers, transfer deeds, and
half-yearly tenons, end makes us doubt whether the
Feetech e3atens, that dispenses with all this ma-
eh any, is sot the wiser sad the sounder. There. all
that has to be done is to keep the sham ordinates
safe in their own streag boxes. and set truest the. is
the hands amber people. Bet here it weal& appear
that there is an indefinite power and opportunity in
the clerks of a public company to manufacture fake
shares, and if they can only get theme false shares
recognised by the company—that is by themselves—to
Impose the liability of the false issue on the carper
lion. This is a very serious state of things—far mere
serious in principle then the late French robbery of
shame, enormous though that robbery woe.
But how can it have happened? Nothing melee.
The dishonest clerk, who with a salary of 1601. lime
at the rate of 4001., when be wants money, epees in
the Share Register an setionnt of 100 shorn is
a fictitious name, and assigns to them the name
ambers that already belong to 100 honest shares;
providing himself with proper certificates he sells the
ahem, executes the necessary transfer deeds is the
fictitious names, accepts and records the transfer when
it Is presented, and muse a regular tranaler certifies%
to the baler. No doubt then are duplicate numbers
circulating ; bet if the transfer clerk passes both
sets of the same numbers, who elm is there to cheek
them P Brokers very naturally and very properly
take the certificates from their clients or jobbers
without much examination. They rely on the ein.
meter of their oonnexion and on the examination of
the office. If there be dishonesty than, what enmity
is there eleewhere P Noes at all.
la theory, and according to Act of Parliament, the
half-yearly balancing of the Share Register Amid
and security against any fraudulent additions to the
share amount. But in the instance of the Crystal
Palace it clearly did nothing of the sort. Lad bow
Moult it? The dishonest clerk balances the Share
Register amidst the high pressure of labour, perhaps
fa the confusion of the approaching half. yearly meet-
fag; he checks the register he has made the lustre.
meet of hie fraud ; all he ham to do is to take ears
that the figures represent the correct amber
of shame; that done, the Share Register is sealed
at the half-yearly meeting, se a matter of
coarse. Now mistakes and snore to some extant
may very honestly creep into Share Registers eda-
m, any impeaehmeat of the general etlieleney of the
clerks. For those mistakes and errors all candid
peewee will make allowances; indeed, sonsiderieg
the perplexing and aboard satildplisity of figures
which our Legislature has rendered seesseary, a
Share Register without some nistakee would indeed
be a weeder, and meet be seat to an inipsesibility.
But what we are prating oat is, that with., the
theory nor pnwitiee of Sham Registry in lisisesst
Mode affords the least protection splint disband
eds. The nimble may be dose. the lejery may
be perpetrated se an lesseent buyer, ne the re-
spnalbialy of the hand may be end on the company,
before the time far bassets( some mad. In that

The Bart of Chesterfield. Lord Stanhope, the Berl
a Illestlesnyeea, sad Certain Oliver, en espying easel-
-1 Mat @bends, at Bingham, is Nottlegbestibire.

The Menials of Lothian hu left town far Blirk-
Liu Hal, Notfolk. His lontatilp las jut Marital fres
Übe Coulson.

Tno Duo and Dachas of Bodford hay. retuned
o Webers Abbey, Bedford/Alm from visiting the Dale
sad Deems of Leiaster, et Canoe Hotee,.3lsysorthl.

The Doke of Cleveland has arrived at Baby
Castle, Dukes. from visiting the Duke sad Nashua et
Riedatoed, at Otadoa Cud*, roar Foebebtra N.H. TM
Dasher lad Led, Astute Pesten have also arrived et
dal aegis, tree tows, tot the whiter.

The Marquis and Marchioness of Salisbury will
remiss wropsay at liatflohl Howe, Nor% about lbo
omfoidlo of as orootag .ostb.

The Earl Fitzbardiege left Berkeley Howe,
Sprlagierdess, yesterday, for Berkeley Castle, Olosenter-
' giro. for t►. bestir, 'woe.

Vuomet and Viscountess Palmist= left tows
yesterday ax Breedlases.

Lady Mariam Alford ham joiud tho Marquis of
Noltiamplsa mad bully dtd..t Cade Ashby, Northamp-
tonshire, from visitleg the Neater Broonlow sad the
Lunn Cast at Belton Lodge, Torquay.

Lady George Paget waa ooafieed of a ecia yester-
day attersaea, at load Oomph Nadas', is Willa.-
ennosest Has ladyship sad tarsal are gain en tavoarably.
Tlls LATI SIR WILLIAM TEMPLIL—The valuable
sensation of elassieal satiquitiao, format by tb late air
Ws. Tamp* daries a keg rsoidoses fa Naples, ►ia bee.
MR by tM deemed to tbs British Mugu&

The NoaitsgAams Review nye the Right Hoe.
Lee Fenster. Woos aerials we lately recorded with the
Lady Botarabe, widow of the belabor of the late lord Mel
beano, is about to take up hie roaidasot with his bride at
Kiiptee, to this 'aunty.

The e:•Qeeen of the French, Clasen Ainslie, no-
entessiiid by their Royal ifirksesses Use Duke gad
Deems et Nomettri, the Coast (Mee, Duke d'Alerva,
tad the Priam' Marguerite and suite, trill Met Oxford ea
fleaday itezt—epsrtmente levied bees seemed for Ito
distinguished petty et the Appel Motel. The apartsesati
'Girard ere t►e some whke the late Queen Dowager
Adelside eseupiel whoa she visited Oxford, sad held a
levee for t►e Ant tine ea lewd at ea hotel. We wader-
stand that the n-Ques sad party will rends is Wird
11/1 Zweig sub

The Laid Bishop et Gloseeeter end Bristol le about
to bid farewell to hi. parish La Mrsey. 'loos his &valise
to the episcopal hawk he hes regelesly dame duty, sad
meshed la hie perish eliereh, wearlag, however, his epis-
sopa robes. • geetlemsa, tithe het elteeded HMOS fa
the bleases thank says thst 111 w. Darin, or sae of her
&getters, lamb the perish elute with the wreeltirw, whit*
they play with groat twos sad address.—Bath Chromatic
The lien. 1). L. C 0..!.., the emote of Bt. Aug...
time's, Bristol, has ben presoats4 to the locosibeaey Of
Kiepwood, Wesesstershire.

W. believe it is the intention of the magistrates of
the tows essuall of Difulargh to presoot the freedom of
the site to the Esti of Dalhousie fee hi. distinguished UN
else' la Wis.

The Merry Waits of Window, at Badlees Will.,
revived ia eurothet style, eirables Mr. Phelps to exhibit his
shale West to • &meter se Mem fresh Is the mouctry
of Idesedhsee. His lorisreeettlea of Sir Joha Psktaff
bum were mirk of original tbeeght. The cut employs
the whisk slotagth of the esiersay.
The Nowa British lfarletatee that Dr.Tait,the mew
Birbefelleredekiete maths erldiebtegkeal received port
a Ye 1161•11.1.7 eleeelles et Gliseeew College ',braes he
enema 10 Bad r a Bell istithithear. As le ths emote
of the Se A. Campbell. M Gersendee,pteeees erel Is the
fine who hes reesh the i &so tie INA of Gilbert Berwest,ee Bishop li
of Iddisbasy lba,
In'.

We (Nom*/ Herald) vadastaad that th• sow
mitts* of leatera Comities abarsbeldises speoSmod at use
meat mottos of the eaempaay for iftepereasa of fistulae
sew bleed " Isle tb ahead... bsve used spas Mr. Pi..
Mr. doderses. sal Mr. Petite, to melee ken the board.
Tb. Notioarheas AM IN, rapes% that the tvatio at
listearia,Aeldleld fa Is s vory Saareeesed dos st So Um
Tow !ruse • irk 'gallon bow fan INNIMOMMIIIo ewes
Imo mein at ell to de.

CUTIPMI: PALM —On BEILLEIVI DAT.—
Timmy, 81PT. 26.—Maingifts es mom% 4,542;
aft by mon MN% 407. Tad 'Wis. 4,00.

TRR EXPRESS, FRIDAY EVENING, SEPTEMBER 26, 1856.

Few uses km bad a more brilliant or sore 'iodi-
nate career than the distinguished soldier whets
death at the suture age of 71 years will be Said
announced in mother part of our columns. The third

son of the Rev. Henry Hardinge, of Stanhope, in the
county of Durham, the deceased nobleman entered
the army at a very early age, having been putted
as ensign before he had attained his fifteenth year.
He fought through the whole of the Penin-
sular War, was distinguished for his early
gallantry at the evacuation of Careens, and
fully sustained his reputation in those immortal
fields which are household words in the military
history of England. Yam Harding* (dm at the
peace of 1815 he wee only jest thirty) was attached
to the Portuguese army from 1809 to 1813, is the
capacity of Deputy Quartermaster-general. He was
peanut at the passage of the Douro, at the battle of
Sumo, and is the lines of Torres Vedne. At the
battle of Album he first earned a name in history,
land mainly contributed to the success of that memo-
I 'able charge which inspired the genius of Napier
with the driest passage of vigorous eloquence to be
found in the military annals of the world. At the
sieges of Dada* and Ciudad Rodrigo, at the great
battles of Salamanca and Vittoria (in which last
he was wounded)—at Pampeluna, the Pyrenees,
Nivelle, Hive, and °ethos, the young and gallant
soldier followed the standard of the greet captain
who first taught Europe that the Imperial arms of
France were not invincible. When the " Man of
Elba" broke loose again, and the hundred days of
restored Empire began, Hardiege, new decorated
with honours and advanced in rank, hastened to join
the campaign of Waterloo. At the crowning victory,
indeed, he was not present, having just before its
occurrence lost his left hand at the battle of Lipy.
Eight years after peace was concluded, the sun.
medal and dbtiognisbed young general took
his first step in a new career, having been
created Clerk of the Ordnance in 1623. In 1828 he
entered Parliament. On the exceed= of the Duke
of Wellington to the Prime Ministership of this
country, Hardiege was offered and accepted the
post of Secretary of War. In 1830 he was made
Secretary of Ireland—sn office to which he was re-
appointed during the brief ministry of Sir Robert
Peel, in 1834-35. When Sir Robert returned to
power in 1841, Sir Henry Hatcliap resumed his
previous pose of Secretary of War, and held it till
1844, when he went out as Governor Oeneral of

India. Most readers are familiar with the his.
tort' of the eventful four years—from 1644 to
1848—of his Indian administration. Few presages

in oar recent annals are better known thin
the brilliant period of the great Sikh wars
Moodkee, Aliwal, and &brace are imperishable
ruses ; Mr will It be readily forgotten that through-
out the whole campaign the Governor-General of
ladle, though virtually superintending the conduct
of the war, was content to sot es secoed in commaud.
When the modest was terminated by the pacifies-
tion of Lahore, the Governor-General of India wee
brilliantly rewarded. He was created Viscount
Hardinge of Lahore, the Bast India Company
granted him a pension of 6,0001, a year, and Parlia-
ment voted an annuity of 3,0004 for himself and his
next two summon. On the death of the Great Doke,
in September, 1852, Led Hardinge was appointed
_ _

Commuder-in•Chuf, and on the 2nd of October
lut year was advanced to the rank of Field-
Marshal The rest is soon told. His lordship
was attacked with paralysis while in attend-
ance on her Majesty at Aldershott, on the 000saion
of reviewing the troops just returned from the
Crimea 1 from that attack he only partially rallied,
and expired from its effects about noon on last
Wednesday. It is naucesury to add mach by way of
comment on a career that speaks for itself. To have
'sanded, without the nametape of high connexion
or aristooratie descent, to the most elevated poet in
his profession and to one of the greatest trusts which
this great Fempire can bestow, is is itself a proof of
the pommies of many high sad valuable qualities.
That Lord Hardtop possessed these no one can
doubt; there can be as little hesitation in esoribing
at least a pertke of this singular moms, to
that suavity of temper sod amenity of gunners,

which, while it facilitated his rise, rendered him
probably less fitted foe the exercise of that arduous
and responsible post which, more perhaps than any
other. requires the power of stern resistance to the
insportmdties of private friendship and the possum
of interested solicitation. The present, however, is
not the ociesdon for entering into ounsideratioes
like these. The judgment to be propound
on Lard Hardinge's character sad career,
taken as a whole, moat be a favourable one.
He was not a greet man, nor a greet administrator.
bat he woe a dishing soldier, a anesessfal common.
der—a high hearted, accomplished, and amiable
man. Had there ban more in his oemposition that
wee resolute and unbending, hr,d he bees better
able to give pain, more capable of saying— No, his
private friends might have mourned him less, bet
his country would have regretted him more. It
only remains to add, that his is succeeded in his ho-
nours and estates by his eldest son, the Hen. Charles
Stewart, now Lord, Hardier, who was born is the
year 1822, and has been member foe Dowapatriok
since Augut, 1881.

!BB LATE CELVEAEEAKQUETS AT PORTS•

YOUTH.

The easumittee have requested the publication of
the fallowlrg eeksowleduseats of the great Reject:7 of the
guests for thole hospitable eatertaleseat :
..Portsmouth, Sept. 19.
" Gestleseß—Fauft me to retire the warmest *basks
of the Moen, eoe-mmusissleoett diens, sad privates of
Um 20th Esaimest fee the seeptaoaa besquets ghee them
bp the filtsbi
the 16th sad sate7th on. of Portsmouth awl asighboarbood
1 I

"1 reuuda, goutloma, your °Wiest servant,
Fultonalcu Eva Lion,
" L'outoasat-Colosel 20 It Ref/meat, Comsandlog.
" Mean. Tilthltts sod Holliamwarth,
Hos. Booresuisa, Portaraoutla Tostansaiel Haaquot."

" Fort,* Barrack,. Gosport, cap'. 23.
tt Genthressu,—Allow ma t t offer the thanks of the off-
errs, sowesainiisionvil °Seers, metro, sod privates of
the Royal Marines. for the nissaillusat lasnquis gives
thew by the inhabitants of Portssoeth sad its vicinity on
the 16th sad 17th fastest, all the anarigewisule of which
evineed the
,Itiadliset solicitude fee lb. comfort of the
guests.
tt 1 say, is truth, say that sll were hsprossul with W-
ises of gratitude and esteem for the noble sad gsaarcus
reception they seperieseriL
haws the Meow to be, tpsres ~
Ycur ogee sMIYM eureuett,
Om " Impalas Illuesa, Coked,
mooilm Parionseth Division. Sorg Mariam
" To Mom TIM M* sod Holliosoosolb,
Hos. amosboiso. Pootemsolli Toollomid Basquot."

Ms. H. BLOWN, M.P., ♦AD THE ROYAL BRITISH
Balta.—Mr. Hemphry 8r..., is a letter to a imaiswpo-
ray Your evareptioa that the NOP were coo-
roomed la Nee ateaupee parlour. so fat as Was we cos-
eseask le quite at variseee with the fait. Is regard to my
tramesileee. I esa safely say that they .11 posed Omsk
I the sew 'Sees as the gwrel balloon of the beak, sad ay
pre bask tees melody note up la tie MOO WIT so that of
the other eesieeson sad= kept le Vail dlopertetest.
The MEM pest el say to tke beak woe by
traashe taw • asesseser the beak le Noy Mk The
beak at thea ease bold M.IISR ells payee made asses%
th. Tales eir alit& yes tame mesh pealed by air lap
fallen. la Llosasest. eat. Oar IRON ea:Seth
sad aware Imealosjoss, the bona el diesel:ZVl
eseeekat that seek ea sweet @bulb be esereest
perdu essepleesd seseallles te ami Ile the wisest to owed
the bilk sal *Web seeedllse I melees* to the beak ; these
sesuelllee were vetoed by the ►.ak Woken as ample, mad
they ale are la seem at stelleedea."