The Express.
London, England, 1858-12-07 00:00:00

NEGOTIABLI BECUAITISS.

The following (Gaya the Tewa) relates to a ease
jolt deckled which hes ea issportsat betrkg upon the rights
of persons tosidai avows gra ass Webb matritiss

" le, hues:-treat, &read, Dee. 4.
" Sir.—The &add= of the itios-Cliasteller, Sir William
Page Wood, in the ors of louse v. Peppercorns; re-
potted in the Tied of this date, Is of suilident importance
to the mercantile coennunitg to justify my inviting your at-
tention to the pried* laid down by the eminent judge be-
fore whom it was segued. That principle may be thus shortly
explained :—Years. Strahan and Co. at the time of their
bankruptcy bad several loans open with Messrs. Peppercorn%
andadmig others aloes of 28,0001. on Dutch bonds. Messrs.
P sokl the Dutch bonds, which realised • sum of
el, 61. les. ed. After the bankruptcy of &rehab and Co.,
it was discovered that the Dutch bonds were not, In fed,
' their property, but were the of the plaintiffs in the
emit ; -end thereupon the plaintiffs fld their bill to establish
their title to the bonds and to obtain the surplus
3,1101. 16e. 61. for distribution among themselves. Messrs.
Peppercorns, having other claimer .yea &rah= and Co.
insisted their right to apply in dleettarge of mots
so much of the 3,1101. 16s. 64. to wee necessary fur the pur-
pose. Other questions dire ere it difference in the rue ;
indeed, the fad of say
nobsledemeeg, due to News. Pep-
percorns is dada by tie Mk but se my object to
writing is to sail inew _ to the prince* of law
kid down by the Whe-Climsdhr. and not to the droop:-
stenos' of thispretteder Mats I Illoilnot further v‘r to this.
Upon the iris I bate Meted the Vice-Clesseiter de-
aided that the Mom. repperearee ware sathled to
retain the dideg flaw the sebt dthe
be plastid's D=llis beaereadlllloll at
WElNeleties et
Ns eeseeet- el
d whet Of eeyOhis)
night howl du
press: dedlett wed Inewellww %twos the Nbras. e
perm= end dr Ina of S sad Co. I balm that
tli b the feet so It tillith the' bankers bee hr beta had
to Weed le the itellege of ativity brokers. It weedms to be
es= whether. whim the ere Wee, predate elidelhiltalialli
will be Mil awed to the heeds of the sews Owl*. I
I awed midi of this egetetwity to supply ea aufwite
the etbirwlte yew eetmeete estraraary of the facts reported
in the firs- ut entries whisk although not afraotiag the
Wealth, hid lowa by the joke, and which It was the
object el the 'spored to mead, is the public, might, if lest
aorsphird, be fujurione to my clients. It is correctly
etat.W to the report, 'that previously to their bankruptcy
Strahan sad Co. wave indebted to Moors. Peppercorns tit
the rx of mere than 30,0001, independently of the loans
made mem do NOM* of the Dutch Bonds. Permit me to
add to fide dellemeat, -that Mame. Peppercorns held Exche-
quer Bel sad Wilt Bonds more then roffialent with the
surplus of the Dudek Bonds to cover the whole of their
advances to Strohm and Co.—l remain, your obedient
, tenant, E. BENHAM, solicitor for Mara. Peppercorns."

SHARE L1.32.3.-7HIB DAY.

Two o'Ctooz,

The railway. share market continues to im-
prove. The principal demand to-day has been for
Midland, Great Western, and North British stooks,
which have risen Ito per cent. In several other I
instances, an improvement of to 1 per cent. la
presented. Present quotations are as follows—
London and North Western Stock, 941
to I ; Great Western, 66/ to I • Mid-
land, 914 to t ; Lancashire and Yorkshire, 951
to 961; London and South Western, 93 to
; South Eutern, 221 share, " buyers," being
dull; Caledonian, 88 to 1 ; per
Yak and North Midland,
74} to 731; Berwick, 921 to 93 ; North British, 661
to 671; Great Northern, 106 to 1 ; and Eastern
Counties, 121 to per share.
French railway shares have advanced. Northern
are quoted 391 to 1, and Paris and Lyons, 331 to t.
Lombarilo:Venetian old shares have risen to 81 to
3i prem., and the new to 21 to f prem. Royal
Danish Railway shares are officially marked 12 and
11. West Flanders shares oontinne in demand.