The Express.
London, England, 1849-12-10 00:00:00

THE
MANUFACTURING DISTRICT'S.
(room the Dilly lime.)
MANCHESTER, Deo. 8.
ieba defalcation of the late actuary of the Rochdale
• Bask see likely to prove seek mere serious Is.
NOPanticipated.Tao isvestigations already
on& wee
1•••—_,,,,e,,e placed this beytmet a doubt. Island of a deficit
leaa• "" used ' oomentieicntion of tlis ,
Clad,
4--,••• dieneared that then mu
at licit 80,0001. Mort et
olowg with the 1111601 Int invested with
1112.0.40,woontdiati London to meet the dogma& of de.
TIMM ma people who awe% that the whole of
oHaworth's defaleatios.• will reach the esteetnelg sus
ae 80,0001., but it is set known that these state-
• 17. n• • aappieg better Ora vogue surunas. The
=ive el the boas of deposators to the poet time,
7Z-.. solei Mithority torn:nog, Keith thh amnia at
M, &ad it Is hand ce y that s will not be an,
modem NM hang hick sad appear unwilling to
eee
eed • tar•
ir books. Biotite, uneducated. ill-isforneed coos-
---•
eeeole, malty of them are said to dislike parting with
helievitg that by so doing they give up all the
ainst the bsak. The muting of depo
mall 01'1
wormed to take piece at the Public in R iehdale
dna
•• wing at 10 took place, and was a very sorrow.
ad iretbsis, Yeas 180 to 300 people were there, of almost
oho sod of both ems. But they appearthid,
wetor
re the must
z, to have bat a goo notion of whetthey strew.
sad of the mode of conducting business in a Imp
ineetiog they seemed to have even less know-
A considerable tone was wasoneted in
atter appointinerher
g
a Asinine, the potions nominated an
dawn; the office; anti when at length they did
gz er • • person competent and willing to act
• ere" Mr. Edward Taylor, one of the managers of the
wisp Beak. Mr. Hunt, the solicitor wader whose advice
the snoop bad been coevened, thee rose sad said he had
bad as tonere., with Mr. Ttdd Pratt, since his arrival in
tiandale, and from what had takea pine he wee led to the
asoclusion that the present ninitie.g wee premature. Mr.
bit ha t told him that the eausisatios et soloeuts at the
woo. B the was yet going as, that it would occupy three
mete to come, and that until this investigation was closed
seals give no opioi.ot ea to the liability of trustee" or any
sow pesos& He hail told him the Maas/gel, were
willing
te, pee facilities for a full iovestigation of the accounts, and
liffeeted the appointment of three of the most competent
of
the Owlets as • commit'ee to go into an examiostion with
the eisaagen. Atter this st • torrent a good many questions,
widens' to the object of the meeting, were put, and
bonyieg the &Bair y of the questioners rather
• to their ewe peso at pianos es depositors than
that el the general body. Some of tins were person,
tadalog from their qaestions, who had contrived to plan in
jasiimik an amount of mosey beyond the limit allowed by
*saw perdue's% 601 its one yea., and 1601. as a mai
ww, sad they were anxious to leans whether that would
pegjeneetheis legal claim; °then were member of sone-
res which had placed their feeds in the bank, whisk societies
had see. rb. en enrolled sad ogrAlled by Mr. Ti-td Pratt,
Webs, were desirous of ascertaining whether Mr. Pratt,
mw lolled in to be the arbiter of their fate, would take ego-
ism, urn them lot &rowdies his authority. by settieg
gilds their claims, Some were persons apparently who had
rakes money to the bank on days when, by the rules, the
atatitoomeat should not have been open Is? deposits, but
which Mr. Haworth had nevertheless consented to reeeive ;
sad them were oe thorns as to whether the managers and
trestees, if they were debts even in the opinion of
Mr. Tidd Pratt to maks good the late actuary's
dobilnitons, would take advantage of this irregularity. Poor
siestures—dit re was no one there with the voice of audio-
thy to set their doubts at rest ; no one to offer them • word
fit esmfon. They will have to go ow three wee's, and pro-
bably many weeks more, amebae, doubting, and punting
air ewe minds, sad teeing lawyers, in their sonny, to
!sale them still more, with vain attempts to solve the saw
eLesittes, and to give Impassible answers to all sorts of
pawns. The el"..inttan was asked if the manages* and
Wean want to make good the defalcations ? His reply was
ast the tiseretio• could 11,4 be answered till after the inns-
=wese at an cud. Alter a Mathes sad useless
a, which lasted something like as hoar and
• ha, the proceedings were adjourned to the 4:b
Ja-
asery. The people spleved to he excited, and =say of
diem very eatable ; but they seemed to be somewhat at a
less, with the absence of say 'retain isforma,ion as to their
ultimate position to regale their money, how to give effete-
hve net to their peewee. la every quarter of the town
ad eeighb urkesid the Habra still continues to be the ab
samba thew of esawareation. Among such a elms
el people se the deposits= in a savings bank, it
may be readily interlard there are cues of
iadi
Waal hardenip deserving of the deepest sympathy.
As old man told hie story. lie has an only child, who is a
apple and anxious to place the poor creature as much as
beyond the reach of want, and keep it hose the
loathes. e, when his own free limbs should have ceased to
pawn their wonted funceimas, he had laid aside and
awed In the bank it .m very limited weekly earsines • sum
el about 761. Tears rolled tows the poor fellow's face as he
Isid the atery—for he It oks to the darkest olds of
the use as to what may be recovered of his
savings. Weltiaformed persona say that the late
sateen's personal property will not realise more than
10,0001. towards meeting the deficit at the bash, and his
Made creditors will, in effect, be paying so mach for that
parries, by their own claims being set aside through the
pretense, which to, law gives the depositors in then eases.
At Mosoconage, the late actuary's residence, the landlord is
/epoch d to have put is an imeation for rent, and the
'honk's elates had plaid a mark 'pen the amigos and
lair of hones. lamed of 1,1100 depositors in the savings
as theses Begun were led to believe by the late attuary's
balance-slum, it appeals by the present invirstigaion that
teen will turn out to be newly 3,000, and many of them
are der sitars oilman assonsee—some of double tits sum to
which the rules of tte bark should have restricted their
dap sits. A morning contemporaryasks if there was no
club at the bank to take comanar.ce of the late actuary's
proceedings and who mast have been privy to his freed'
Item's' that a young man acted as clerk there occasionally,
and tnat he has acknowledged to the trustees that he had
discovered the existence of frauds to some extent ; but
this min was the actuary's own servant, aid was
employed the greater portion of his time at his
mill, so that prudence, or selfish fears, or some-
thing she sealed his lips. Tb- frauds extend back
to somewhere about the year 1830, and as, it persona.
liability either of a legal or moral nature rests with the mane
gen or trustees, it will 'stead to all who have held the pri-
des over that period, the number is much greater and
Includes many more names then those given in the printed
apart of the bank for last year, which was copied into the
Deily News of the Ist instant. It is said nearly
Sim hundred gentlemen have received unwelcome circulars
to attend • meeting to be held at the bank on Monday
nest, and hat sore of then had never known, or Lad for-
gotten that they bed ever held the position of managers or
trustees. Certainly their obliviousness, real or feigned, is so
far apparently einctre,, that they are known to have been
lusting up the manual printed reports of the bank in every
direction, to ascertain it there is not some mistake as to their
alleg d Not council n with the hank in that capacity. It
would appear that the Iwo actuary named pines" fur this
position at the annual meetings, and substituted others,
and that they were "painted pretty much at his
own discretion, and that many of them, Ks far
from looking alter their late actuary as a servant, arid sera-
tinining his accounts, attended only when it suited his
convenience, or policy, or prudence to ;end for them to pet
their signature to some document—some return to the com-
miseionen—when he told them blandly that their name was
all that he wanted (which there was more tenth in than
they supposed), and they gays it without hesitatios. It
appears the acouunts cit the deceased as secretary to the
dispensary, are Wand to have been correct, hut there is a
Wrier, in his accounts with the Lancashire and York-
shire Railway Company to the amount of 1001.
The trustees and usenceers of the Manchester Savings
Beak, with a Laudable satiety to repress any onaressNry
alum in the public mind as to the security afforded by
banks of the kind properly conducted, have put forth a
statement, showing the system on which business is con-
ducted in that large establishment. It certainly leaves but
little doubt upon the mind of the render that, by the system
of checks and counter-cheeks prevailing that ugh the entire
establishment at every step in the business, the depositors have
every reasonable ground 6r confidence in its intnrity. Toe
hat year's deposits in that bank amount to 770,0004., of
which 610,0331. has been invested with the comminiouers,
an increase upon the deposits of the previous year Invested,
0167,8321., a statement highly satisfactory as *bowleg the
greater prosperity of the working people of this great town
during the pest twelve months, in addition to the evidence
it affords of the security of the money.
The London sad North Western Railway Company appear
to be taking vigorous measures to relieve themselves from
the enormous rates levied on their property in all directions
by overseen of the poor, and since the appeal against thr
rate at .Manchester, ,and the appeal alpinist the rate at BIS.
ton-upori-Irwell, they Lave appealed to the magistrates of
Stockport against the rate for Cheadle Baulky. The cos
was heard on Thursday.
Mr. Pollock and Mr. Cane, barristers of Manchester, ap-
peared as counsel in the ease, the former for the appellants,
sod the latter for the respondents. During the hearing ot
the case, which excited much interest, the courtier crowded
by heal gentlemen,—Mr. Ovens, in opening the case, quoted
at considerable length several clauses from the set of par-
liament, bearine upon the matter in dispute, sad contended
that the on la on the railway company to prove that the
rate was unequal and sinjast.—/(itch discussion here ensued,
as to the destrability of taking the ease before the Court of
(aeon's Beath, and at the auggestion of the magistrates,
the learned Renaming enir.ged on either side retired to
eadeseoar armies the matter for this purpose, but after
MIN Use retuned, without having been able to ccme to an
arnmeremei.t. Mr Jephson, the overseer of the township,
was thea called, and stated that the gross estimated value
of that portoi of the line on which the rate waslevied was
6,4644. 13s. 94. and** ragesble value 2,7491. 100. upon
Whisk the ratio, Is. la the pseud, hada la oo.ober, 18-0,
ememand to 1371. Os. 6d., and that the ammo y had paid
tie nese upon this assessment ever einem the yew 1846.
The emeebooks were then put in.—Mr. Ovens said that
is the ewe as the part of the respondests • upon whisk
Mr. ?slink at oistettlerab!e length,argued Witting reepe.
diets had set abaft' ely MIN and that they were booed
sap t e rate by other evidence.—After sea saw
mint thole mod elecolveren on be h sides, the beach
d' that she gay .laneeld go on.-14r. Pollock then rose
=t
ease ontetaded th-. the n•e had been imrropeny
and in seemed of this view quoted several came
that had been Ward at quarter sessions and in the ouper.or
courts to eue• that the rate should be levied upon the
amount tee property would preinee, if let to a tenant from
year to pass Ile 'ht alt atop show, by
a gentleman who het
examieed rue cempany's Media, the gross receipts tot that

reds& al dr Us is *be reepeadsas issrasbip, sad the oz.
paaditare irawdrid w praises Ow vasobassorbisk tbsy
inn shooed by law se &dam—To this seam lb. Ovens
said w had two 'blank's—Asst. as to tise_saaa,se.is waich

Mss& sued the Te t; shieldl;; ;
esimadly, to reeeiviag the midges* of say person woo had
mislaid the book, who meld oily give the malt of hie
ewe masmiaatiee, sad whisk his lemma [rime knew was
set legal evideace.—Mr. Pollock said se he mid tot cell the
evidence he desired, whitest the mama a the respoadeatc,
he should request aa adjournment of the me, iu order to
produce the clerks sad book& from the several railway eta-
hum—Wier much diseessioa is either side, it what Mr.
Omac withal the beach to 00116111 the este, so that the cm
might at note he carried to the Court of Qemat's Beech, Me
magistrates ccaseated to stoma itiers tortaight.