The Express.
London, England, 1859-06-02 00:00:00

HOUSE OF COMMONS.—(rms DAY.)

The SPEAKER took the chair this afternoon at 2
o'clock, and the swearing-In el members was continued.
This being Atoned= Ley, the Home of Lord.' did act
meet.

LIFIMPOOL BOROUGH B.dIVX.

At a general meeting of the proprietors held yes-
terday. Mr. JIMIIVA DIXON, In announcing his iutention to
retire, made the fallowing statement: Because I wish La
snore relatatiou than is compaible with the retention of my
present pos.tion I have deckled to vacate it, and accordingly
now place in your hands my resignation as dquidetor of the
Berough Bank. In this takiag leave of you, I with, with
you peraiimin, to make a few remarks In reference to the
widely-circulated mierepreeentations of the facts elicited in
the case of a. Scott v. Dixon." I have adopted a course with
regard to cases of a similar nature which has net yet re-
suited in the attempt, by a new trial, to obtain a re-
venal of the verdict obtained In that CNN. Bat
win-thee there be a new trial or not, I do not the lees
poteet against the great iuju.tioe dune to me by that
verdict. The only case made against me, or that can be
made against me, rests widths the narrow limas of my
having ouncusrerl in the report issued to the shareholders
in July, 1857, when I had before me an erimete of looms,
'bowing that the capital seemed to be trenched upon to the
extent of fifty-eight thousand pounds out of a =Hilton. I
did so concur, but only because I believed it impos.ible
that any one could read it without seeing that the capital
wes trenched upon. To show that We was my opinion,
I may mention that I suggested to the board ut directors
the necemity of being prepared with reason@ in answer to the
que-tton which I *spec ed would be put, why a dividend had
been paid, when on the nowise of the repot, it was pad
out of capital. In anticipation of this question the directors
were accordingly prepared to give their reerone. I was not
induced to adopt the report that was teeter! becaues I
thought it would have a more favourable Menne@ on the
Rollie or the Aare market than my own draft report. (In
the contrary, I entertained fled incidentally expressed the
opinion In bearing of some parties—gentlemen who yet re-
member it—that a report like my draft mien would
Inepire shareholder. with more confidence than one like that
which wan lamed. I feel convinced that if my Mott report
hod bum adapted parohmara of shares would hate had to
pa inters then they did. But passing from what wee meant
act intended, what wee the effect—what wire the 01/Gle•
quencee of the report as it wee tented? Neither I nor the
beard had any information warranting us in entertaining a
wens opinlen of the book's affairs than was *nivel ed in the
stemma laid before us by the manager, 'booker an 'eti-
olated detietenty of 68.000 L, including the dividend which
bad *trendy born paid. Tete made the value of the sharp
about 91. 3'. each. The pies at which they were sold in
June previous to the report, but after the beck's loss by
Doherty became known, was 101. be, and 101. After the
report wee issued the highest price paid was 91. Toe report,
therefore, mused the shares to tall more even them the
estimate of loam* warranted. Any gentleman who
brines an action for injury canoed to him by that report
undertakes to hi aggrieved because I did not impart to
him Information which I did not myself possess, sad which,
as an outside director, I wee probated from acquiring by
the cotes ions rules sad practice of the bank, which however
vicious as a system were yet in accordance with the custom
of the Owe. I open of 111) toll as an outside director, be-
came when the repot was tutted I was virtually only such,
(or I hal no' then hod time to acquire the iuformation to be
obtained by being behind the scenes. The report was Meted
tan the eieth of July, end it was only on the 4th of July,
after an absence from Liverpool and horn my own Wismar
of nearly a mouth, that I wee asked to sappiy the place of
et the two managing director* in ether, neither of
whore Weeded, on secount, as I understood, of ill-health.
I was a supernumerary in lest until the let of August, after
the meeting had taken place, and it was e ly then that a
vacancy occurred, 1, fill which I wee elected, and it was
only then that 1 began to revive the salary of a mugging
director. if hardier evidence were wanted to show
• the psil faith of myself and of the booed, and the
absent. of ell freudekne or unfair intentioc, it es to be
found in the fact that a director purchased 99 shares
after the report was issued, with no other teethe then that of
thinking it a good investment. This gentletnan had before
him the statements oa which I and the board act. d. It baa
leen alleged that I have utteree expressions showing moral
regret end oonecioustiess of having dine wring. I cannot
imagine haw each ea Impression can hate eelstn. I have
never expressed, nor felt, nor had mum to feeL any sen-
timent skies to that of moral regret. I have nut intended
nor done lecithin that has produced, or that was calculated
to produce, any impression am to the vela. of the shores in-
eneistent with the key..ledge I possessed. Geutlemen, I
dreg eddrsesed you with the object of exposing the viciaus
system of outside directorates, by which weal-ineutioned and
respectable ma allow their :WOOS to be paraded lettere
the uninitiated as apparently vouching (AL the coe.ectiou
of reaanients respecting which the initiated know they have
no personal knowlelge, Wag entirely dependent ea the
revert of others. I unit thus motive may excuse me fur
having had occasion to Despoil on pour thee and indulgence
now.

Mr. Roc n., in moving that the terignation he aco•pted,
expressed the ..bligationa which he and the older share-
hoidens felt under, on diorama of the a•teat ion awl anxiety
which bad cherectinised Mr. ll,roWs eerrica, and their
regret that per-oust and private consideratiore Gal
.ixdaced
bun to retire,

Mr. O. CANtI.IIELL seconded the motion, wlech warn carried
unanimoualy
•-- - -

Mr. Manartorr, akir exdogieingtbe 'micro of the o'ber
hinderer*, ntowd that they continue the liquid.tbs without
apythating a 69000.1 .r to Mr. Dixon.

11-;:Der-x-terot-.4. set—../71,71-1; tetolitian, which We
eirtiodusasiseeosl .
Tee CHAIMMAS (Nit. Bruin/tee) Pail I lid laglt hie
broier itrisidaters deqly deplored the 111.• of Mr. Dixon,
they world sed.sro,r by 'hair wallet elertima to render it
IS as possiblt, and be 'toted that within • naodsewe
tin) they would Lo ALI. to pay off the liabilities of the com-
pany. (Cheers.)
Title elated the promedin" go.

Tutniesrntns House.—Tho town will learn with
secret, aced arc coonoisturs will deep!, deplore the feet, thot
the picture gallerb a of Thirketties Home, the reiMence of
the We Lord N.vaivritk, will •as be lost to Cheltenham.
The denwerd lord !tartest died int. state. It haa been found
hupowible to retitle theca as an heirloom to the title, Rad,
coceoquently, the.. rare and costly tonsures will shortly be
dilevard, to enrich the collectioas of ober gal.aies, The
work of catalorning the pictures for sale will now be tom-
Latticed la • low days, with a New to their dismayl by putlio
anction la the coarse of the approsehiog suano.r. In the
meantime, however, we would wit whether somethieg could
hot be dune towards preserving this valuable collection to
the tome I—ClO IteNdesos frataiNer.
8111 JOHN LAWRENCE AND THE ClTT..—it is in-
tended, to-morrow, to remit to Sir Jobe Lawrence the
tweet= of the City, la • gold box vales 100 indium, la so-
cardiac* with • resolution of the Common Council agreed to
Ems three niondis ago. The Led Moyer ha. invited Ihr
loha Laureate to di le at the Msneion-boom after the cere-
mony, sad inset 'he judger, the Earl of Deis havit g also
been invited to perake of the Lord Mayor's liespitelity on
the sane Gams' at. Mr. Alderman Cubit' his given notice
of a timtion for presenting the freedom of the Cby to the Earl
of Rive, but that ptosentatoa cannot take place for some
tittle time to o.me.

UNIVERSITY iNTELLIGENCE:OXFORD, JERE
QVIEN'a Clot.l,ene.—Thu seorniog the liev.Stmurl Thom-
too, )1.A., Michel Scholia of this soctety, was elected to the
vaceat felloweLip on the same fouudatton.