The Express.
London, England, 1860-04-25 00:00:00

(Stamped id. Additional.) [TWOPENCE.

first edit of this astounding revelation is naturally i
an all-pervading sense of uneaainess. " Who is to
be trusted I" is the general exclamation. Good will
doubtless, as usual, ensue from evil. A stimulus
will be given to caution and vigilance in every
quarter. In no establishments are these qualities
so requisite as in joiut-stook banks, the transac-
tions of which reach weekly an aggregate of
millions.

It a naturally asked, •how has Pullinger con-
trived to get rid of so vast a sum of money ? Con-
sidering the responsible position which he held, his
salary was manifestly inadequate. This is the
common error of employers, from which joint-stock
banks, despite their enormous dividends, are not
exempt. But the present is no petty case of a bank
officer exoeeding his income and appropriating •
gum sufficient to meet his embarrassments. Pul-
linger was a gigantic speculator on the Stock Ex-
change. He operated largely in the securities which
present the greatest scope for fluctuation, especially
in Consols, Lombardo-Venetian Railway shares,
and Turkish and Mexican Bonds. Of the latter he
is known to have taken off the market at onoe no
lees than 20,0001., and even 50,0001., stock, pay-
iug for it in bank notes. It will be a
point for the directors (who have already taken
stags to make the delinquent', small property
available) to ascertain whether he has any concealed
assets of this kind. A speculative Stock Exchange
firm, which failed in the panic in May last, being
obliged to pay Se. Sd. in the pond before its
partners could be rendered oligble for re-admission,
gave bills for the amount ; and it is stated that
Pullinger himself recently met these bills, to the
extent, in one instance, of 4,0001. It is, perhaps,
the most astonishing feature of this extraordinary
case that he could so long be regarded as a man of
steady habits in Pitiless-street, whilst he was known
to many persons connected with the Stock Exchange
as an habitual speculator. Pullinger had other ex-
pensive tastes. He ran racehorses, in conjunction
with a well-known trainer, and occasionally repre-
sented to his agents in the Stock Exchange that
scene of his transactions were for account of that
individual. It is said that Pullinger is also a share-
holder in the Union Bank ; but it is not to be
imagined that the fact of his being a partner in the
concern will screen him from the punishment due
to his flagrant crime.
Amid this heavy misfortune which has overtaken
the Union Bank, it is gratifying to remark that no
portion of the original capital of the shareholders
will be touched. The entire loss will be met from
the bank's profits. A sum of 120,0001., drawn
from the reserved fund and capitalised in July
last, will be transferred back. The present reserved
fund, amounting to 100,0001., will be swept away.
The balance, to complete the 263,0001., will be pro-
vided from the accruing profits of the present year.
The shareholders, moreover, will still receive a very
fair rate of dividend. We will only remark,
further, that universal sympathy is felt for the
zealous manager, Mr. Scrimgeour, whose name has
been so long identified with the establishment.
The following is the Stock Exchange rule, warn-
ing members not to transact speculative business
for account of Jerks without the knowledge of their
employers. In Pullinger's case this rule appears
to have been glaringly disregarded. The next
meeting of the Stock Exchange Committee is fixed
for Monday, when action will probably be taken in
the matter.
Rule 58. The committee particularly caution the members
of the Stock Exchange against transacting speculative busi-
ness for clerks in public or private establishments, without
the knowledge of their employers. Members di,,reganling
this caution are liable to be dealt with in such manner as
the committee ma, deem advisable.

NAVAL AND MILITARY.

ADMIRALTY, APRIL 24. - PROMUTION4 AND

Anomennyrrii.LCommanden F. N. R. Wasey end J. B.
Ballard to be impacting commanders of the Coast Guard.
Lieut. C. R. Scott to the Wellington.
Secretaries R. Mande,' to Rear-Admiral Codriogtou, F.
Cleve, C. 8., to Rear-Admiral Talbot, G. P. Martin to
Vice-Admiral W. F. Martin.

8eoo;d Ciaasisiiatant Engineer J. Money to the Asia,
for charge of the Rainbow.
Third Claes Amistant-Engineer R. Oliver to the Cumber-
land, for service in the Cochin.
Acting Third Uses Auistent-Engineers J. Watson, P.
Manny, and L. M. Green to the Arrogant, SF aupernume-
varies for ilispreaL

.7°44'W1C:11.,"1L. 24.

A detachment of Royal Artillery left Woolwich
this day for Aldersbott, and the detachment of the 10th
Hussars now etationed at this garrison are expected to
leave in a few days.

CHATHAM, Arm 24.
The following has been published in Garrison
Orders, dated Chatham, April 23, 1860 :—" Deputy In-
spector-General of Hospitals Dr. Hume, having arrived at
this station to relieve Inspector-General of Hospitals Mr.
Taylor, the former officer will accordingly take charge of
the department from this date, and all buduess connected
with the method department of tho district will be trans-
acted through him. Thu Major-General cannot allow the
Inspector-General to leave this command without ex-
pressing his very great regret at losing him, and his sense
of the admirable manner in which he has conducted the
onerous duties of the department and the high state of
perfection in which be leaves it."
The Lords of the Admiralty having directed that No. 1
dock at this dockyard shall be considerably en-
larged and improved, in order to adapt it for the reception
of the largest line.of.battle ships in the service, the works
are to be at once commenced. The present entrance to the
dock is to be removed, and a new one substituted, and some
extensive alterations are to be effected in the interior which
will occupy several months.
An order has been received at this garrison by Major-
General Eyre, commanding the troops, in which his Royal
Highness the Duke of Cambridge directs that every soldier
un the completion of his limited service is to he granted
three months' leave of absence, for the purpose of visiting
his friends before re-engaging himself.
PORTSMOUTH, APRIL 25.
The court-martial directed to inquire into the
• "

circumstances of the recent disturbance on board her Ma.
Jody.' ship Edgar assembled on beard the Victory, flair
ship this morning, and were constituted a court
to try W. Matthews, T. Doidge, A. Fry, W.
Harvey, W. Parker, C. Lucas, A. Ounsten, F.
'rriekey, D. Mooney, and C. Cannon, privates, Royal
Marines, and H. Dawson, private, Royal Marine
Artillery, on two charges of disobedience of orders. The
whole of the prisoners, with the exception of Gunton,
were sentenced to twelve months' imprisonment. Guasten
was found guilty on the second charge only, and was
sentenced to nine months' imprisonment.

BOAT RACE PORIOOI. AT NEWCASTLE.

HENRY CLASPIR, 07 TIZWCANTLZ, VIIISUB GEORCS DILKWITT,

Nearly a year ago, when Drewitt wan training
Chappell at Glasgow, Clasper was desirous of trying
hie strength against him. The offeir at that time
seried in smoke, and nothing of • definite character
was done till • few months ouce, when a match was
entered into between them, and it was decided that
they should row on the 24th of April, for 1004 made, from
the High Level-bridge to tiodtwoed Suspension-bridge, ..n
the Tyue, a distanoe nearly corresponding with the courvo
between Putney and Mortlake, on the Thames. Looking at
the two men the race seemed at finer sight to be almost a
certainty fur Drewitt, who is many years Clasper's junior,
and has besides, although only a landsman, proved himself
to be so fine a scalier en to bold the third pl.ice on the river
Throne. His ke•lth, however, ill none of the bevt, while
the veteran Harry is rarely ill, and this fort, comldlied with
the Chelsea hero being Amer to the Tyne, rendered his
friends less sanguine than they would otherwise hove been.
Shortly after 6 o'clock the men went to their station., it
having been arranged that the start should be sheen AO
=shove the High Level.bridge, in onler to avoid being
pared by the numerous steamers in company. The men
wee scoompanitsl by their trainers—Hobert Chambers, the
renowned champion of the Thames, for Clasper. and Wit.
liana Blake, of Chelsea, for Drewitt. Both looked very
well, and having prepared themselves, the race began. and •
very gallant one it was, but pint!? would not be denied.
Drain t t soon led, and although the veteran tried his
hardest to get into the foremost position, he was not des.
tined to sussed, for Drewitt ultimately mree in first by
two lease& herring at starting wan nearly level.

ROYAL 11 Hairmat GRAY'a-INN-ROAD.—The
number ~f palmate niirval at this hoepit.l during the
week wading Apra 21 was 2,710. of whir 652 were new
ores.

SPORTING.

NEWMARKET FIRST SPRING MEETING.
'TUESDAY.
THE COE7IZ-11.0011 STAKES of 50 sou. each, for thrse•yr-
o
lonlds ;
73 co
yard". lts, Bst nb
(4 m; fil)
lies, 6d 41b. A.F. 1 mile 2 fur.
gs ato.
MG. H. Bartis's Paroles° by Sweetmeat,
_84.. 711)

Forttham) I
Court Distanyanja ROPe Dancer, Bet alb Wells, 2
Lord Coventry's Petruchie, tat 711,
Betting : 7t04 on Petruchio, 9to 4 agst Parmesan. Par.
mean led throughout, and woo by two lengtlui; bad third.
HANDICAP PLATE of 60 Inn, for 3.yr-olds and upwards.
A. 1 mile 2 furlongs 73 Yank-
Count Saithyany's Suburban by iliodtwell—lane, 3

Cipt lelb (carTisi 131 b)
(If. BraMey) I
16r. Hallonrs Athos, 3 yes, OA Illb (l3 ()Hinshaw) I
lord Coventry's Wanderer, 6 phial Illb (w, sat.) s
The following also ran :—Newsteed, Conjuror, Plumper,
gad Water Elf.

7 tti 4 t Suburban, sto 1 apt Athos, 6to I.
apt Wanderer. Suburhu was in front throughout um the
way ; Athos challenged him in the cords, but was begot by
• head ; the third four lengths off.
THI Two THOONAND GUINSAB, a subscription of 100
tom each, ft, for 3-yr-olds ; colts Set 71b, Bst 21b;
the owner of the second horse to receive back his stake.
B.M. One mlle 17 yards. (63 subs.)
Mr. A. Nichol's The Wizard, by Wed Australian, ist
(car. bat alb) lAsimall)
Mr. Tuamdellag, est
Mr. W. •Tre,gre, get (7 Oostari
Barna 's tinge( Dienstede, Sul Mb .oeborne) 4
The following also ran :—Nicholas; Richmond, Tom Bow-
fin., Ebony, Brother to Rainbow, Lamellas, Aurora (late
Minaret), Wain* Von Stumm, Merrimac, Grenadier.
Betting : 4 to 1 each apt Toni Bowline and Lupellus, 11
to 2 apt Nicholas, 6 to 1 apt Traducer, 100 to 8 apt Bro-
ther to Rainbow, 14 to 1 apt Richmond. 20 to I apt
Wizard, 25
Aurora, 25. to
to 1 a 1 aapt Ebonyt. King .
of Diamonds, 25 te 1 apt The
The curiosity to witness the horses as they quitted the sad-
d.l ng stables prior to proceeding to the starting poet was
evidenced by the large throng of pedestrians and eques-
trians who co=stain the vicinity of the ditch.
When the competitors d proceeded to the post
the crowd gradually diminished, and the spectators at the
cords were enabled to command a full and uninterrupted
view of them when they formed in line. The start was
most satisfactorily effected, and no sooner had Mr. Hibbard
dropped his flag than the horses were off on equal terms.
Two divinions were soon formed, Traducer making the run-
ning on the whip band with King of Diamonds, Lupellus,
Brother to Rainbow, and Nicholas on his left, following him
in the order named. On the " ring aide" of the course IMO
Richmond, }limy, Tom Bowline, and Merrimac, nearly
level with the lot above mentioned. Aurora, The Wizard,
and The Rap ware next close up. They ran at • slow pace
to the Bushes Hill, where The Wizard, who had always
been going within himself, began to creep forward, closely
attended by his stable companion, The Rap. On reaching
the dip just before entering the cords, Adunall let The
Wizard out, and the horse galloped in the winner by three
lengths, half a length between the second and third. King
of Diamonds was en iodifferent fourth, Lupellus fifth,
Brother to Rainbow sixth, Wamba, Ebony, and Merrimac
next. Grenadier and 'Tom Bowline, close together, were
the last two.

BWI4IPSTAI/11 of 10 move. each ; for 3-yr-olds, let ; four,
Bet 71b ; five, Bet 121 b ; six sad aged, M. The winner to
be sold for 300 sore., if demanded. Ab. M. (2 furlongs 212
Mr. )ns(
yards. 4 Baba
lon's Neophyte,
by Newminster, 4 yrs, Bst 716
lA. French; I
Mr. Watts's Tidlyirtnks, by Augur—Miss Conyogham,
3 yrs. Tst (H. 0 wi 2
Mr. Martin's ContUsloo, S yrs, 7st (Perry) 3
Betting : 6 to 4 apt Neophyte (at first apt Confusion),
3to 1 apt Thllywinb. Won by a length and • half, two
lengths between second and third.
BWESPISTAILDI of 10 soys. each ; for 2-yr-olds ; colts,
24 71b ; fillies, Bst 41b. Extra weight for winners. Lad
half of Ab. M. (3 furlongs 217 yards.) (6 subs.)
Lord Fltamfonn Lava, by Orlando, eat 4lb French) 1
Baran Rothschild's b f by [lag Tom out of Agnes, Bet 41h,
(Wells) 2
Mr. Rogers's Althorns, Bet 4lb (H Sharp) S
Lord MMus's f by Surplice out of Blue Devils, Ilist 4.1 b
Mr. Barber's Fathead, (A- Dal/
Sat 71b V. Rogers) 5
Betting : 7 to 4 oa Lava, 100 to 30 apt the Agnes filly.
Won by three lengths ; a bad third.
A Pi= HANDMAY SWYMMTAKEH of 50 sore. each, h ft,
for 4-yr-olds and upward' • a winner of a 500 soy,. handi-
cap to carry 101te extra, sad of all minor hnodicape once
Mb, twice 101 b extra, which is to be the extreme penalty.
T.Y.C._(S Paha, 140 yards.) (4 subs.J
Lord Myanmar, Manalllaise, by Bay Middleton, 4 yrs,
Set 71b IA Ideroft) 1
Sir K. des Vases Comforter, 4 yrs, Ost (Inc. 101 b
(AahmaU) 2
Betting: 5t04 on Comforter. Won by a heed.
Marc ,Il 200, h ft. T. Y.C. 5 furlongs 140 yards.
/dr. Blake's c by Cotherstoue—Glenluce, S yrs, MI 716
O. Fonlham) I
Sir. Rogers's e by Cotherstone—Gleuluce, 2 yrs, dei 71h
A. Edwards) 2
Betting : 3 to 1 on the young one. Won by three
lengths.
SIVISPSTAIMS of 25 soya., 10 ft, for 2-yr-olds; colts,
fiat 7lb ; fillies and geldings, 84 416. The winner to be sold
for 230 sovs., kc. ; if not for male, 31b extra. List half
ma. of A.F. (3 subs.)
Lord iktimforafs Mils Lady (not to be sold), Sat 71b (Inc
31b extra) (A. French)

Ba•eererAee reduced to a MATCH of 300 sovs., 100 ft, for
-7r-old. ; colta, Set 10Ib ; fillies, Set 51b. B.C.—Duke
of Bedford's Luff (br to Weathergage) received forfeit
from Mr. F. Robinson's Antonio.

After the scratching of Buccaneer, the withdrawal of
Umpire, and the manes of the Winird, the Two Thousand
may be numbered amongst the "shocking events" which
I betting men occasionally experience. John Scott ran
first and sewed with two hones whom the public regarded
with indifference. In turf phraseo:ogy, the Wizard was
deemed a " dead to," for after being a great favourite
during the winter he wee driven completely out of the
market, and Tom Bowline superseded him in the betting.
The sensation which the remit of the nice created was ex-
traordinary.
On the return to the ring 4 to 1 we. taken about the
Wizard for the Derby. The winners on the race today are
principally those persons who had backed the horse at a
short price, and who had no opportunity of " getting out"
of then money.
During the morning rain fell heavily, but the afternoon
was dry and sunny. The attendance of general iximpany
was very lIUMOIMI.

BETTING AFTF.R THE RACES.
DERBY.
4 to 1 apt The Wizard (t)
6 to 1 Umpire
40 to 1 The Rap (t)
600 to 400 as the Wizard get Umpire.
CHESTER CUP.
12 to 1 apt Satellite

BITTING AT MANCHESTER,—TuzsDAY.
TWO THOUSAND OUINEAS.
3 to 1 apt Tom Bowline (8
7 to 2 Traducer (t
4 to 1 Lupellua It
7 to 1 The W (t)
10 to 1 Nicholas (t)
14 to 1 King of Diamonds (t)
8 to 1 Brother to Rainbow (t)
CHESTER CUP.
12 to 1 apt Satellite (t)
12 to 1 Petra (off)
14 to 1 Tame Deer (t)
20 to 1 Bribery cr,lt (t)
20 to 1 Promised Lead (t)

HORSEt3 STRUCK OUT OF THEIR ENGAGEMENTS.
April 9, at 7.40 p.m., Optimist, out of the Newmarket
Hutulimp.
April 12, at 4.54 p.m., Buccaneer, out of the Two
Thousand Guineas. . . .

April 12, at 5.30 p.m.. Musjid, nut of the Port Stakes.
April 12, at 6 p.m, Istiemona and Cincinnati, out of all
engagements.
April 12, at 6 pm., Montebello, out of Houthoote Plate,
Epsom.
April 13, at 4.55 pm., Magnum, nut of the Metropolitan
Handicap.
April 14, at 9 a.m., Daniel, out of 51arnuis of Westmisk-
et.v s Plato.
April 14, at 9 a.m., Flash in the Pin, out of Doncaster
Haudicap.
April 14, at 9 a.m., Guilder, out of engagements at Now-
market First Spring Meeting.
April 16, at 9 a.m., all Mr Ten Broeck's horses out of
Doncaster Handicap.
April 16, at 9 a.m., Sam Spode nut of all enagements.
AprsllB, at 9 stn., Secret Tr:mealy, out of the Heath-
onto Plate, the itetropohtan Itantleap, and theeter
April 16, at 1.10 p.m., Claire, out of Walton Stakes at
Efsom
April 16, at 5.55 p.m., Oliver, out of engagements at
Epsom Spring Meeting.
April 17, at 9 eau., Vanquisher, out of the Two Thousand
Guineas. _ _

—Aprill7, at SAO pan., Queen Bee, out of City awl Sub-
urbia._ _ _ _

111, at 9 a.m., Ryder Ali, out of all engagements.
April 21, at 9a.m., Red Rock, out of his engagement on
31.o.nrida
at in Newmarket First ripring Meeting.
A 21, 2.30p.m., Cambridge, out of the Two Thou.
Ordneee.
April 21, at 2.30 p.m., Jamie, out of the One Thousand
Guineas.
April 23, at 11.15 a.m., Umpire, out of the Two Thou-
sand Guineas. . . . .

April 23, at 12.25 p.m., Confottiouer, out of tho
IA r-
outer HambyAp.