The Express.
London, England, 1847-11-10 00:00:00

POLICE.-YESTERDAY.

MANSION-ROUSE.—DZSERTION OF SEAMEN AT Fo-
REIGN Poirrs.—J. Wood, a seaman, was charged by Mr.
Coleman, clerk to the registrar of seamen, with having de-
I sorted the Boyne, at Baltimore, in May last, having signed
articles in London for the some to North America and back
at the usual rate of wages—viz., 3f. per month.—Mr Phillips,
of the Arm of Phillip. and Tiplady, owner of the Boyne, pro-
duced the ship's articles, on which were indorsed the par-
ticulars of the desertion of Wood at Baltimore by the Britigh
consul there.—The prisoner was committed to prison for
30 day..
A like sentence was passed upon two other seamen for the
same offence. _ _

Foantow Lorrnittes.—The Lord Mayor said that since
the humbug advertisements of the persons who called them-
selves agents for foreign lotteries had been last exposed in
the press he had received lettets from correspondents in
various parts of the kingdom complaining of the perseve-
rance of the vendors of the enormous German prizes, with
the enumeration of which attempts were so constantly made
to gull the English public. He had received a communica-
tion dated from Hemel Hempstead, Nov. 5, 1147 :
My Lord,—l would nut intrude myself upon your flake, save to
expose the extraordinary advertisement enclosed (the which has been
forwarded to my present abode), similar to one which 1 received
more time ego, (The letter enclosed a form of application for shares
in the lakperlial Royal Austrian Loan, and the Electoral Heenan State
Loan, nem in London.) Doubtless others, though being under a
government where lotteries have been for years abolished by law, have
like appeals made to their credulity. The parties issuing these notices
mighteeweelve my countrymen very weak to seriously listen to such
statenscale; but the recent disclosures reported in the Thaw, made
I by an Irlithipeer througho your medium, is a proof that many are lost
aw?i73/181117-7fßline. —mite"stri—,„tusrrii. —Mr.
E. Garden was charged with assaulting 0. Hackman. The
complainant, the conductor of a Camberwell omnibus, stated
that he was hailed near the London Tavern on the 30th ult.
by the defendant and another gentleman, but upon stopping
the vehicle they pawed en and mounted the roof of another
omnibus, on which they rode as far as Shoreditch Church,
where the defendant got down, and, without the slightest
provocation, struck him a violent blow, which knocked him
down. Defendant afterwards kicked him so severely that
he was still suffering from the effects of his violence. He
called a policeman, but the charge was refused.—The de-
fendant, in reply, stated that his friend and himself, instead
of yielding to the complainant's endeavours to procure them
as passengers, got upon a rival omnibus, and they were imme-
diately assailed with the foulest invectives from the com rlai n-
ant, who cautioned the other passengers to take care of their
pockets, as he knew them to be notorious members of the
swell mob. The complainant's omnibus kept pace with that
upon which he was riding for upwards of a mile, during
the whole of which time he continued the some course of
annoyance. On reaching Shoreditch Church his vehicle
stopped, and complainant having again pointed them out to
the foot passengers as thieves, defendant got down and struck
him, though not so violently as had been represented, and
he denied having kicked him at all.—Mr. H. Pearce, who was
in the defendant's company on the occasion, and the driver of
the emnilnoi upon which they rode, were then called, and
confirmed defendant's account of the transaction in every par-
ticular.—Mr. Hammill said that although, strictly speaking,
the defendant was not justified in taking the law into his
own hands, he considered, as the complainant had offered
such gross and scandalous provocation in this instance, that
the charge had been fully answered, and he should dismiss
the ocenplaint.
MARYLEBONE.—CH same AOA!XST A POLICE IN-
SPECTOR.—//13/Velne Remy, of the D division, was charged
with a violation of duty in taking into custody W. S. Stock-
ing. The complainant said that be was time-keeper at the
Star and Garter, Edgware-road. On Monday, Oct. 25,
complainant was on the pavement opposite to that house, the
defendant being on the spot. A man named " Civil John "
was passing, driving an omnibus, and complainant made
some observation about his not paying Mr. Kemshaw, the
landlord of the above house, 2s. he had paid for him.
The defendant replied that he knew nothing at all
about the money being paid. Complainant slid, " You
know the money was paid, you saw it paid." The Inspector
said with an oath that complainant was a liar ; upon which
complainant said he was another. Complainant added, that
the inspector went to Mr. Kemshaw's to inquire for him, ob-
serving, that he would prove that the money was
paid. Defendant afterwards again called him a liar.
Whereupon the complainant retorted the compliment,
when the defendant said, "If you say so again I
will take you into custody." Complainant repeated it,
and defendant then took him to the station-house, where
he was charged by the defendant with being drunk. After
the charge was taken, defendant asked him what he had in
his pockets. Complainant gave him all. Defendant after-
wards searched his pockets, and took his hit off to see what
it contained, when complainant was led to a ca 11, where, for
shove an hour, he was in utter darkness. He was not drunk.
Mr. Broughton remarked that the charge was of great im-
portance, not only to the inspector, whom he had known a
long while, and against whom he had never heard a corn-
pleint, hat to the public generally; he should, therefore, take
time to revs. -w the evidence Carefully, and would give his
judgment thereon next Saturday.
THANIES.--CHAnOle OP ROBBERY AGAINST A WOOL-
STAPLER.—. / B. Whaley, a wooletapler, of Bradford, York-
shire. was charged with stealing a quantity of wool from the
St. Katharine Dock. The prisoner, who n very respectably
connected, was formerly in extensive business as a wool-
' stapler in Yorkshire, and failed three times, ou each occa-
sion paying a large dividend. He afterwards embarked in
the worsted trade, in which he lost 2,6001. in three months.
He had been frequently seen in the wool warehouse in the
St. Katharine Dock, and his manner had recently given rise
' to suspicion. On Monday he was seen there by Mr. Broad-
ley, the deputy warehouse-keeper. There were nearly 2,000
bales of wool open and for show. Mr. Broadley observed
the prisoner's pockets looked very bulky, and when he left
the warehouse followed him, sad pee information to a ma-

stable named Worley, who stopped the prisoner and asked
him what he had got about hum. He said he had a little
wool, and took some out of his mat pockets. Worley walnut
satisfied, and took some more tut of his pockets. His hat
also was found stuffed with wool. He said he had been pur-
chains many bales in the warehouse. Worley left the pri-
soner in the lodge while he proceeded to communicate with
the superintendent of the dock police, and on his return saw
the prisoner taking wool out of his pockets and throwing it
on the fire. In answer to questions put to hint by Mr. Mum-
ford, the prisoner said he obtained the wool. weighing
211bc, from the wool floor, but afterwards said he got some
of it from Brown's warehouse. In:the prisoner's room were
found 10 lib'. of wool, which Mr. Broadley had no doubt had
been taken from the warehouse—The prisoner in defence
said he took the wool found upon him into the Dock
' after he had been to different warehouses and taken samples
I from various paretic —A respectable tradesman spoke in
high terms of the prisoner, and had never known him other-
wise thanes& respectable man.—The prisoner was committed
for trial.
WANDSWORTH.—WnoinaLn ROBBERY OP LEAD.—
F. Turner was charged with stealing nearly 5 cwt. of sheet
lead from the premises of Mr. D. Watney, the eminent dis-
tiller at Wandsworth.—Police-constable Walker said that
on Sunday morning the prisoner passed him near the
Raven public-house with a truck and three empty sacks,
with which he said he was going to fetch sawdust and
shavings. The same morning the witness was in the Lower
Wandsworth-road, when he saw the prisoner come up Distil-
lery-lane. He had the some three sacks with him, but they
were partly filled ,• and upon being asked what they con-
tained, he said cabbages which his uncle had given him.
The contents, however, proved to be lead, which the prisoner
said he found in a field. The lead was weighed at the station-
house, and amounted to 5331b5. It was further proved by
Mr. S. Knight, a clerk in Mr. D. Watney's employ, that the
lead had been stripped from one of the warehouses adjoining
Distillery-lane, and as a further corroborative fact of the
prisoner's guilt a knife was found on the prisoner which had
been recently used in cutting lead.—The prisoner was fully
committed for trial.

MONEY MARKET.

TUESDAY EVENING.

This has been rather an uneasy day for reports
respecting various commercial houses, although no
positive fact transpired respecting any one in parti-
cular, and the day passed over, therefore, without any
sinister announcement. Business in Mincing-lane
was, however, reported to be in more favourable
train. It may serve to show how little in reality the
state of commercial credit, or commercial insolvency,
influences the course of the funds, when not assisted
by political or other circumstances relating to the
internal economy of the stock market itself, that
Console were on the gradual advance all day, in the
face of the unfavourable rumours referred to. From
831 to 2, the opening rates for account, the prices gra-
dually gained to 8n to f, and for money to 84.
'They left off a shade lower at 841 to for time, and
84 to; for money. Small investments on the part of '
the public, and the depositors in Savings Banks, con-
tinue to be extraordinarily numerous, and it
is to this daily absorption of money stock that the
higher values borne by the funds are mainly
attributable. It is no insignificant proof of the pro-
gress of education and intelligence in the present age
that the humbler classes of savers and capitalists
should show themselves such prudent and astute cal-
culators, as to appreciate the profitable difference be-
twixt one:hundred pounds in a savings bank yielding
only 21. 18a. 44., and the same sum in Console at 84
returning an interest of 31. 10s. per cent. If, more-
over, the investment upon some emergency should re-
quire to be realised, the holder of the Consols can
bring them to market and turn them into money at
the moment, whilst a week's notice of the proposed
withdrawal of funds is the rule at the savings bank.
Reduced Threes were 82 tot. Three-and-a-Quar-
ter per Cents 84 to 1. Exchequer Bills 10a to
6s. discount only. Long Annuities, 8 5-16 to 7-16.
Bank Stock, 184 to 7. India Stock, 228 to 230.

Foreign stocks were without perceptible improve-
ment in prices, but with a dispaaition to more firm
holding. Mexican were quoted 151 to 1. Chilian,
86 to 8. Spanish Fives, 151 to 161 ; the Threes,
251 to 71. Portuguese, 21 to 2. Dutch Two-and-a-
Half per Cents., 531 to 41; the Fours, 81/ to 21.
French Five per Cent. Rentes, 1151. 621 c.; at ex-
change, 25f. 80e.
Foreign exchange was rather lower again to-day,
but buyers more free and money more easy. On
Amsterdam the negotiations were 12.71 to 8 • on
Rotterdam, 12.71 to 8 ; on Antwerp, 26.10 to 2; on
Hamburg, 13.141 to 151 ; on Frankfort, 1231 to 4 ; on
Paris, 25.95 to 26.05; on Vienna, 10.18 to 22; on
Naples, 39 to ; on Leghorn, 31.40 to 50 ; on
Madrid, 461—a1l at 3 months. On Lisbon, at 60
days, 511 to 4.
The failure of Messrs. Thorburn and Co. in the
East India trade, was reported to-day. The liabilities
of the firm are stated at 120,0001. The assets appear,
from rather an ambiguous statement in the Times, to
be of an uncertain description. Messrs. Johnson,
Cole, and Co., also in the East India trade, were re-
ported to-day. This is comparatively a new house,
bat in a large way of business, since the liabilities
are reported at 225,0001.
It is understood that a large amount of bills has
gone back to the West India islands noted for non-
acceptance or protested for non-payment. The dis-
tress in those colonies cannot fail to be greatly
aggravated in consequence. The agents there write
to their principals with very commendable expres-
sions of satisfaction about the success of their exer-
tions for the reduction of expenditure, and the
consequent less coat of the production of sugar. But
in view of the ruinous prices of the commodity here,
when brought to sale, these worthy economical en-
deavours are but as the " candle ends and cheese
parings" savings of the Lord Mayor's feast to-day.
Anti-slavery officious intermeddling with high con-
cerns of policy, of industry, and of social well-being,
have brought the colonies to the verge of destruction.
Mistaken, or interested, philanthropy has ended so
far, or is likely to end, in leaving the free negro with-
out work, the planter having no longer the means of
paying for employment. The anti-slavery people held
apparently that the negro was not only to be emanci-
pated from slavery, but from earning his bread by
the sweat of his brow, according to the condition im-
posed upon all mankind. What is worse, the same
body has, to the utmost of their power, opposed all
the attempts for the unrestricted introduction of
foreign free labour into the colonies. The end of all
appears to be that populations are condemned to pau-
perism, and fertile lands to waste for want of tillage.
Following up the history of the bank of Messrs.
Jones Loyd and Co., Mr. Lewis Loyd, the brother-
in-law of the Jones's, was sent to London to manage
the business of the bank here, and to succeed the bank
of Daniel Jones and Co., of Lothbury, who retired.
It can be no depreciation of the abilities of this
extraordinary man, the banking notoriety of the age,
to state that previously to his introduction to banking
by his brothers-in-law he was only a unitarian
minister at Newton, near Manchester, upon a salary
not exceeding 601. a year.
The firm of Jones, Barkers, and Co., changed some-
where about 1800 to William and Samuel Jones,
Fox, and Co., according to a pass-book in our pos-
session. The Barkers, who entered merely to sup-
port the bank with their name, not caring for profit,
because being otherwise concerned in what were then
more advantageous pursuits, retired. Mr. Fox was a
solicitor of eminence in the town, and carried into the
bank, of which he was before the legal adviser, some
30 or 40 thousand pounds. Manchester people who do
not recollect the ancient firm of Fox and Sharpe, attor-
neys,can hardly fail to rememberits succession s of Sharpe
and Eccles, Eccles and Cririe (Cririe, equally a gen-
tleman and scholar), Eccles, Cririe, and Slater, and
now, we believe, Slater, and others whose names do
not occur to us. At the time when these changes in
the bank partnership took place it is clear that no
capital of any consideration wan held in the concern.
The Jones's had, no doubt, paid off the subscriptions
in aid advanced by the Manchester merchants; the
Barkers had retired some, if not all, their investments
in the bank, as partners ; but there remained a naked-
ness of capital in the bank consequent, which could
only be made up by credit and consummate skill in
the management of the London branch ; and such
consummate skill and prudence were found in Mr.
Lewis Lot d—one of those rare men who can appre-
ciate with a glance the proprieties of a position which
others cannot understand without an apprenticeship
of a score of years.
On another occasion, this being merely preliminary,
it will be shown how under cover and by profit of the
most vicious banking and currency known to, and
denounced by, economical science, the firm of Jones
Loyd and Co. attained its present unexampled and
colossal fortunes; how the tea-dealing concern of
1793, with its paltry half-a-score of thousands, became
the millionaires of 1847. It has been shown how the
Jones's started upon invitation ; how liberally they
were supported and preserved from irretrievable
bankruptcy by public benevolence; how ably they
improved the advantages of their position. The two
Jones's, and Mr. Fox, their partner, were truly good,
moderate, and unambitious men. The writer of these
remarks can testify from some personal knowledge to

the public opinion. It remains to be seen how
the firm displayed its gratitude to its Manchester
friends and supporters ; how and by what peculiar
system it resolved the before insolvable problem of con-
verting chests of tea into bars of gold, and realised mil-
lions upon a capital of a few thousand pounds within
the comparatively limited space of half a century.
We shall show, if we do not mistake, that the credit,
of which Mr. Samuel Jones Loyd makes now so small
account, was, combined with character, the sole
source, and the one only cause, of creation of the
aggrandisement of his family, and of himself the sole
representative. But for this credit he might have
been a tea-dealer now. But for Manchester benevo-
lence, backed by the consummate ability of his father,
he would have been nothing better. Yet all was ac-
complished by credit of the most rotten description
economically, and that credit by which he rose he has
I since sought to destroy. Having topped the ladder
himself, it might be uncharitably said, as it is said,
that wanting no credit he would kick down the ladder
by which he and his have ascended, so that no
one should travel by the same path to riches. We
shall be enabled to compare the advantages of a cur-
rency of 10/. and 201. bills at two and three months'
date, " Jones upon Jones, with Dicky Clough at back,"
as the old saying was forty years ago in Manchester,
to express a value equal to Bank of England paper,
Richard Clough being a leading man and capitalist
of the day—with the much despised other country
bank notes payable on demand. There are parties
who conceive it may be found that Manchester has
paid enormously for the supposed, certainly not real,
advantage, of being freed from a local note circulation.
It sheuld have had, but had not, a Bank of England
note circulation in exchange, but from 1793 to 1820,
it never had such circulation. It had, however, the
bill circulation of Jones Fox Loyd and Co. of Man-
chester upon Jones Loyd and Co. of London,—the
" pig upon bacon," as the Bankers' Circular has it
politely, of representative values. For Mr. Samuel
Jones Loyd of the present day it has been fortunate
that the Lancashire people had faith and placed
credit, where, according to his own theory, his own
bank in other days should neither have been deserving
of one nor the other. But a man naturally
reasons with much coolness with millions in his
pocket gained for him beforehand, and views with
little complacency the people who are mounting, or
wish to mount, by the same ladder. People that rise
do not look behind them. The great bank of Jones
Loyd and Co. no longer remembers the time when
it was indebted to public liberality for its existence.
Mr. Samuel Jones Loyd eschews the credit now which
brought him into existence. We have yet a few more
words to say upon this history on an early day.
The meeting of the creditors of Messrs. Lawrence
Phillips and Sons took place to-day, Mr. Bosar in the
chair, of the firm Thomson, Boner, and Co. The
chairman very properly observed that he never bad
seen so " extraordinary " a statement as that sub-
mitted to the meeting, showing such a surplus as it
did. Messrs. Phillips were congratulated on all
hands upon such an exhibit, and certainly the cha-
racter of the country will be materially exalted in
foreign lands by such a statement of an insolvent,
but really solvent account.