The Express.
London, England, 1858-05-14 00:00:00

LONDON, FRIDAY EVENING, MAY 14, 1868.

Tkte fruldeo Teel peribetty well knows to Lord Elks-
eerough. II wee Mown to Ida, t3o, thee mother source of
eoweleaioatket with the Governor-Oeseral is this—that the

Goveracw•Omersl commtanicates to the chairman of the
Dlreolors aaythiag of importance at the same time as
he communkalas it to the Board of Control, and I had
• 'right to suppose that the same mall that brought the tom-
m;Waiden to ine would. If the information was of any
valm sa conainunlowed it to the ohairman of the East
India Comm
psny, with whom the noble lord was in constant
' communication. Therefore I contend that, looking at the
hater as a private lousy, and min el how little importance
the information it ooaveyed was, I wee justified In not for-
warding it to the noble lord. (Haar, hear.) I should add
that I read it immediately I maim; it to my sable friend
the member for Tiverton—(toned theses from the adulate-
tial benches)—to whom it Hd not war any more than to
myself that it was heels.,' to make lie communica-
tion to the government. (Renewed ironical cheers
from the erne quarter.) I am perfectly prepared
to justify the course I hays pursued In not making
the ommunkation, sad I feel not the slightest regret
that I did not do so. (Hear, hem) I believe I was per-
fectly right in thinking that what was told to me In a pri-
' nes War was of so etch Importance as to render It nieces-
!g that It should be communicated to the government. I
as, =yam tow how my not baring made the communist
lion le thm could ham elhoted their decision in say way
with regard to the presentees ; and if they say that it
would or could have doss so, then I must express my wonder
that before acting is the metter,'they did not inquire In every
merle where informedios was to be obtained whether any
seek ommenticatlea had been revived. (Oh, oh.)
Mr W. FARQUHAR—Weenie that letter addressed to
tolarri bewinela pitimisa Pnisideat et the Baud of
; and he remained In that alas wookl apt the
bah of the peoalmensiss and the letter have, u • meter at
omits% case le his at 06 same moment ?
Mr. V. SMITH—Of mune.
The CHANCELLOR of the EXCHEQUER—Mr.
Speaker, air, It would be for the convenience of the Mass If
the lea. menlow for Ciskei City would ekes us in whet
form he binds to bring forward his motion—whether as an
arnesdasent on ping into oommittee of supply, or as a stth-
steads, melte ; Imams In the latter ems it will he seam
airy for ms le move to-night that seem of modes ham
precedence to-morrow over the orders el the day. (Hear.)
Mr. CARDWELL—I iedsesteed the arrasement to be
that I was to have to-morrow for the psepoes of bringing
forward my motion. (Hear, bear.) With regard to the
form, It stands upon the older-beek as a ontUailw.otioa,
and in that shape fleeted to bring it an. (Hear.)
Mr. B. GIBSON—WiII it come oa In the sane wards as
it sow stands upon the order-book ?
Mr. CARDWELL—ExactIy.
The CHANCELLOR of the EXCHEQUER moved that
notices of motion have precedence over orders of the day to-
morrow (tide day), which was agreed to.
OATHS BILL.
Lord J. RUSSELL brought up the report of the com-
mittee appointed to draw up reasons for disagreeing with the
Lae& amendment to this bill. The report wee read at the
table as follows

" L Bemuse the words on the true filth of • Christian'
was eriginally latrothmsd in the oaths to be taken by mam-
boed parliament with • view to bind oertain Roman ca-
tholic% sled were sat inisaded the purpose of excluding
'l7
of British subjects from meats
?Emma eel ellen `tie state, on the ground of their
irelle=ma„. sentrary to the gerund maxims of
" J. Deseisse ao charge of disloyalty or ualleeess for public
employment sad • fair 'hare of legislative payer has been
alleged, OF eon he Abed, spinet the Jewish eenunueity.
" 4. Beeseros the Indlledise of diteklities any class
of her 1114• We seidente eel* a• die geoaai et their ces-
schmelses Wrisesas ee tads Nth emir, d peasenilen,
and 61 teeelly insenletent wih these prieelplee of
liberty eltheb, le the sere of more powerful oomn
have bees apple! IT rellemed with such happy abaft
6. Blesees gre Osman, hayloft already upon ten pre-
view eserisne. Wive parllameuta, passed bills for re-
/weft Iles del Meeleltlee of the Jews, and having of late
yeses 1181•114 10 Ma Ms b constantly Increasing majorities.
ere saw ellemel that the opinion of their ocessti manta and of
the esemley re imp, bee been Irrevocably pronounced in
&veer et the sessr al seek disabilities.

"& ismassall7 illgram b;;;7•Cipported by maay of
Uri not miaall umbels at both Hawes of Pwilanwat,
who, wham dlibilor upon other political questions, have con-
of Qs Jewcord bi the .
judos sad expediency of oweetwee for the relief

7.teoinse the right of the doctors of th. United King-
dom have been peculiarly affected by a law which has bast
conolordes pstant the admission to the Home of Commas
MI prawn
that have boon lawfully returned u monsters of
bora.

'4.ltieraus the let and tad and 3rd datum of the bill are
era to the construction that the new oath which the former
of them mittens, should be taken not only in all cease where
the cattle of allegiance and supremacy are at prompt required,
though without the oath of abjuration the ranalt of which
ocastroetion, If the bill should pass into law without the 6th
dame, would be to etched' the Jews from practising as soli-
citors and barristers, end from Afore under the crown, to
which employmenis and offices they are now admitted.
"9. Bemuse each result would be contrary to the intent-
tkm of the two homes of parliament appearing from the 6th
them, awl haw the tide of the bill under cmaideeation."

Kr. NIWDEGATE, in intimating that he did not wish
to give the Imam the trouble to divide against the adoption
of the means advanced by the committee for disagree*
with the Lords' amendment in regard to the 6th damn wee
anxious br it net le be supposed that he bad in as y way
shared es maillied it opinions, or that he:abandoned the b-
lend= et andemenring et the proper season to carry them
eat. It was sixty in deference to the feeling of the majority
that Le did not now take a division.

ml eisses were thenpalZiabdopted.
MASTERS AND WORKMEN BILL.

Yr. slaciiiiiiirii;vii4;.7da;.;;;;Ei..ding of
this
Mr. Seoreetry WALPOLE suggested that it would be
bettor not to mooted with the measure in its present form,
The object of the bill was unquestionably good, viz. : —to
provide • menu for mean:ring the Marmon which arose be-
tween meters Nod workmen by arbitration. At present
there masa law in mimesis for that purpose, which provided
that when each disputes moos it might be refereed to two
justices to appoint arbitrators composed of masters and work.
men. Bat it appeared soots difficulty had arisen on the
pert of the manors In acting upon that law, and it had in
esesemsease beset inoperative. The object of the bill, as
be mderneed It, was to make that principle operative
which aimed in the act of Oeo. IV., but which for the
110101111 he bad stated was not operative at present.
The essmiseency which was to elect • trtbanal which was to
bind mem and servant wee to menet of the inhabitant
housebobline within • redline( eve miles of where the (om-
en is to elk sad the workmen who were not householders in
W mime Meant , and the oily way of ascertaining whether
amen wee a workmen wee by certificate trout his emplopw.
Whaling court was odeoled it would be found impomdble to
sake it work. The aide in which the vote was to be tags
wet by a 14/0w of birds. from which there was no appeal.
He pat it to no lea. =mbar whether it was possible to maks
sea • bibead week. Be thought he had said sotßdet to
ledge the boa. patiema to think he wain:stilted to asking
Mee to moonsider the mode et carrying out the object he h
is view, id be lapel be mild withdraw the bill.
Br. MACK DIMON was sadormod to ray that the right
his. _ reitleema adeeitted that the object and purpose of
the hal were awing', bengal the meigury tr.s objec-
tionable; bat tint we as dienka to the rasa' "wag
biome the onsbasery amid be mendedla a select commit-
tee speedos.
LLIOI7CHERE add he had post newt for the
rtsstlsa g his hos. Mind end the peraegrasc• with whisk
be lid aathavoired to bead& the working classes, bat
eta Mrs me so subject non delicate sad nee with
regerd to Midi the house Maid take nore owe is &Meg
rhea the Mutate betties mast awl widows. He
behind It would be impossible Is —dates to ends Oh •
melds, MIL Oaty Magni • minim el Ms basbilmte of
a Muni whits a Drina radii", is whitey • am dbands
• nand wee to be appoisted. It was lap edble est suit
• tribunal meld satiMactorily deal with mob a Mime ism
dia. Be was sot very minas with regard te the ice
to be pridand by glee gown otaciliatios, bat me "mg
to be taken V they way aignind, don they gong bo er
tabliged ea the beet Isothig. He was entree that • geed
eydim ef Medea Mans mete end animas gag/
sett; bat be beim. that oath a Ouse of things mug be
bettor tended
agg at bigwig gonathet. espocisUy tot=
isone good ma sad igeninosee of the
dims. Of this et inst be mime, that it would sot be
meg mond to Wile by mass of thde bal.
Kr. HI NLNY add gm we only an in Mite be
wished to ad the Minim of in Moomasie ,Bead appe-
llee. He agreed with his right baseighle Mug die Klan
In believing that the wawa Inpanat wirebtsary
ar like it add not week. Hew, go bin was se-
ge bammide wadi eat be Ale to ht-
mean ettellm as the wyit rt media; bog. If he Mk-
draw it, be .IgM. V I we pat into bona dope. to-intro-
duos it shim Inginne bed I ealigniarily proved
that the gaged mega= is calk belie aegis-
true did at nib then to sone to sand Miami in
air of diagraming betwess meter sad waigna. Be
biped the his. lingines wadi withdraw the MIL
Kr. MORAY, eltbespe be in the vesant t his
his. Meg in wYhiaw the yet did sot think
esildiat ewe had bun glees for eased reading being
=Whoa lie bin wee bring the Hone eer
that the minim how as the eggs* ef settee
magma lambs' manding. end Me hewing import
eay animee that hid anewlmat Ns igen It wee
Ng by the gilt ben asiabert hi Timm Mt themwee •
peat norms I. latedgeme awl andenikia of the
=Maim and se thabt din vet ; It "sly
Int mines mil Wham absidd be Medd new
dm la wen le pat es end le me beemos son
On Valid be tang by nerd masaile of omeillotios.
Om Wag wee non Manna is this bll, ma that we that it

=i Medi& • moment body to deal with disputes
menlemeed wean. One of the canon of strikes
often was hi dank of rotting proper persona to arbitrate
between angieffere eld employed. If the President of the
Board el Tide wend glee an iatimation that he would take
into conederetlem whether some permanent tribunal mipt
not be eMaidlid Mild disputes might be rain*
his hen. hied might eargratulate Wand( on having dome
mar geed toes the dame he had in hand.
Mr. A. TURNER objected to the bill, not only in the M-
imi Of dm employer, but of the employed. There had
been for many years a growing feeling of conciliation between
meters and workmen, which ;would only be interrupted by
legislation. He believed that any snob meddling legislation
would de mere liana them good.
Mr. KIRK was opposed to the second reading on prin-
ciple. Besides, the reams given by the Home ilemeary
were oneolosee spinet the bill, minly, that it multi sot
work. 8o far from the bill tending to promote the intenete
of workmen. it would be injurious to them in the end.
Mr. MACKINNON then withdrew the bill.
JOINT STOCK COMPANIES BHA..
Mr. HAM:HAM moved the second reeding of this bill.
Mr. BLACK moved that it be reed a second time that
_day
sin maim He mid that one of the arguments en which
the toopoiol to rad the bill a second time was based ma,
that the holm had already sanctioned the principled limited
liability.' Hs tisk warthat in ordinary companies under
• spies d idled the business was carried on by
tha compemy's eim septa ; whereas In banking it was avow-
dip:mile. by ibeespital deposited in • bank. Unless those
who Mit en themselves the respoesdbility of establiehing
beaks noted them with prudence and caution great in-
jury result, not only to Individuals, but to the public,
aa 169 duty of too poetic to No that the 'mist
eballeinellem TW mild net
be obeeined min a of limbed liabilltTllth fa
every must wee to the badness of
Mr. Fnituor, to sossotgos tits aeotmotonst, eeeM the
principle on which the bill wan founded unsound.
Mr. DRUMMOND remarked that a most entmordinary
deception wee pmetised in many large tome by what were
called banks of deposit. He held in his hand no lee than
seven advertisements which had been published by them M-
ediations, offering a high rate of Interest with ample semity.
The result of the system pursued by these banks met be
ea enormous Mama of the trade in paper money, for there
wee no way whatever in which the promised rata of interest
could be mimed but by flying kites. It was, in fact, a plan
of unlimited olrouladoa. (Hear.)

Ifir R. CARDIN believed that the bill would have a toast
injurious effect on many of the beak. now In existence. He
thought a new system of banking ought to be eetabillied,
because there had lately sprung up a number of WU* banks
of discount, which were as much banks as those which were
limited. They received money on deposit, paid by c
and did the same buntings as other banks, with onlylrlorM
per cent. of capital paid up.
Bir W. DUNBAR said if it was fair to allow limited
liability in any trade or birdmen he could not conceive any
reason why the business of banking should form the only
exception.
Kr. BOVILL said he believed that if joint stock banks
were to have limited liability extended to them the effect
would he ruinous to depositors and creditors. This bill was
nothing morn nor lees than an attempt to protect the share-
holders and directors of hanks at the expense of the public.
Mr. OURNIY should oppose the second reading of the
bill, though not from say oonviction that its principle was
unsound. At the same time he was not yet satiated ea to
the moms of the experiment which was now being tried.
air O. C. LEW I Sthought no valid distinction could be rota-
bliehed between banks of deposit andother trading meociations
with respect to the principle of limited liability. end he should
therefore be prepared to give his vote for the second reading
of the bill now before the house. (Cheers). At the same
time, he wished to guard himself against ban supposed
to think either that the princile of limited would
be extensively introduced intojoint stock Making, or that
it wee desirable to give any legislative ea t to the
increase of joint stook beaks at the aspen'sprivate ones.
In the first One, the bill was simply a permissive one; and
In coundering whether it was likely that the existing hanks
would avail themselves of It, they most eek what it
was that had led to the development of their operations,
until they had at length assumed a gigantic character f The
Nana we. pasha. The public at large trusted them beaks
became they oared to depositor, the unlimited natality of
large bodies of wealthy shareholders. (Cheers) If, there-
fors, they wen to limit that respendbittty, one of the strong-
est mourn the public had for trusting them would undoubt-
edly be withdrawn. (Haar, hear.) It was not thus likely
that limited Make would be able to sustain a competition
with those which were militelted. (Hear, hear.) With
regard to his seeend preposition, it must be evident that m-
ime the directors were men of great honesty and ability the
loterests of the therehoiders wale exposed to great risks.
(Hear, hear.) A large body of the shareholders of a Meth
had practicallp so knowledge whatever of It.. mamas.
They were incapable of forming a clear judgment of the se-
counts submitted to them, or of the mhos of
the securities which they saw placed anumpt the
meets of the bank. If anybody wished to object
to anything his month was lastingly stopped by his co-pro-
pension who told him that if took that course he would
pe the he
credit of the concern, and be inimical to his own
interests. In short, there was no person more helpless then
the shareholder of a joint stook hank who had doubts above
its management. (Cheers) Unleie be could obtain in-
formation confidentially from the very pumas whom he
thought he hid reason to suspect he could do literally no-
thing. (Hear, hear.) As for the directors, the shareholders
exercise very little discretion in their choice. Those who
were elected in the room of the directors that were retiring
were for the moat part proposed by some member of the
based itself; sad ea in some banks there was a feeling thatit
wee inexpedient that the concerns of the depositors should
be known to a large body of directors, the acceptance of es-
entities wee practically decided upon by the manager atom
or by some small number of the bond. (Hear hear.)
It followed, therefore, that by the very constitution of a
joint stook beak the caalidence which shareholders reposed
in the directors must be a blind one, and one act founded
upon any socurste knowledge or information with respect to
the camerae or managemett of the beak. (Cheers.) This
wee the resin why it happened from time to time that the
affairs of joint stock banks fall into discredit. What the
shareholder really expected was that without any trouble or
any nail, he should have the high profile of trade cceginel
with the security of an investment in console. (Loud ahem.)
That was really no exaggerated description of the views
which many shareholders in joint stock banks entertained
when they became pertain la such hank& (Hear.) Stich
being the cam it must unfortunately happen from
the mien of the directors, sad hi same came trim
their yenta y, the shareholders might dad themealves
suddenly called upon to mike good losses end to invildi
the affairs of an insolvent bank. Hader the ezisimgCt
the lose fell ea the slusehaidese ; but It the pria-
Mile of limited l kthty won extended to banks the loss
wield he divided bather the shsteholder and the depositor ;
sal Vas diessires risrmity armed into that
IMO he meld sr see say ideates to it. tinder these.n
serierom, net hiss at all blind to the greet detects which
appered aMr rimer da the oosetirtios of joint stook
beau ad est Waft se glue them ray =duo legislative
protease yr inewraposat, bat merely to put theca on the
err trig ea ether Mari referdoes, bc. should give
his we he the semi maws
of the bill. (Load cheers.)
Kr. ILALINB add he believed that the bill, If
It beam law, woad be undo use of by may
of the welageg end warren esessnis ; bet he thought
thee meth use le he beret so if OW are woe se rasp.
doss' eue. It wee sold that the bill Mirka the directors
of their reepoweibilley ; but he wet That resent events
W dues that ressessid tetp sfislM imp thde
✓emily dart
sot • tisk erseleesels er the pare. (Her.)
NU, fa rest be impellea thist Mufti vie resrally
shin from the iserst pospoliss, sad they mere
them rift repels b ths loser et *dramas& (Beer,
hear.)) The business of thrift being in wee eater peon.
her, be did Not Wig thst time of tee MR would
sirs to a remove of third epee. • PM.
Trios right
beebemblielLats sir thee caber MU &the
capital eleseld at
up; se lie ere et meythlug bap-
Misltise isle hid mode be bid le news. (Hear,
u. He (Mr. Hillet4 should give his hearty support to

14TILITER rid that the nuppred aid of the Wow
tin hed bra adetakor air C. Lewis .used that * weld
Malley euelisaes fa err bear ant leder. at what
had rusty taw *lbw of Ow May al /WM
Bassi Ark. dam Limped leak, fire lawersahrafeed
District Beek, and al Ws ern Beak it lisedosa— '
every cre west brow that asellasese hire
baste led two whoa* The Bair is=
paid dividends of illa. red 1 bet then wee se weed
of the creditors beteg rid tell. • drier wok leek
Oboe with the Glassurimilmilleak. Thsannegares was
thats:sone won newilirg se deport OW wow k banks
on this priadpb. till lb. Warn reward le
remit the hankies bedew brag sere en se what was
slt to be a jut wed parrs* read poled/lb (ber, hear.)
Beaks el wilirited irdifitp lad bes el as eiherigs te the
sersarry ; bet &we woo peat dissamaspo ea sew
Ida Thsy bad seryed mine aselliree, set Wm
the predwe el the isoregowel, bet wing l ree
the 1
priors noserree el Ws ahrelidlirs. It wee arab=
that re bide el dr Wester !leak of asstlead had bees Me-
esented fa die Cl* aft rears Mr. Taylor woe the we-
nagsr, bat brews the Mews. Bairdzlrltea=so=l
es le persona vet by brow IRMO
balm) TM ammo to whir fhb sear= lad dieresdei
bale Wowed theft had been dose seyy brew. lb. Pal'
awe were rale to their last shilang. *we Ow redder
arse rat whit mow bed bona rower I. isessres '
end ether ineores, sad which bed is as midi deur eh
isalaril the ire was. (Her, bar.) He by ao mew
three Oat the liestel‹: Welder was bee Lbw
blare i isie rare that it sibeded too per Iraq
da Imam _relit, by snowy ea Was wed=
' east Wes Goma hod teen en the whole
attimasisr 0 the eawery. Se essoldwal endmargereat el
the Wester Beak • erred lierese, a war this
1 wild to be rigidly inquired W. I. biped that thesiellealsf