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

LONDON, WEDNESDAY IVENINO, APRIL 25, 1860.

MESSRS. THOMAS MILNER and SON,
p4Y City.
ammalomM—Netwtfh the semetty of the be wtrieb
anuma co asp prewar am ea the II alt.. one of sibs.
whieht I hello am tad ilia osetalsed an my
I: CA 61: g doweelewb eMetrebly stood Its aseltdnaosn't
while Mlle beportast contents. I Moe t It
thembeed ea me thee to labile you of se
a desememeees, as I do Dot Mink theft MOM sad mime of pee-
esmellee me be too widely kmeorm—Tems Wihf.eß

SO sod 11, Forum Yost, LraMa. LC.
Sib Meek ll*

CRYSTAL PALAOI-13ZASON 18110-1.
TIMIS Mr wNMI MAW sommonsimettllDAY.
Ma If Isad in Ms Soli April. ISM, ors Dow
lowa
Tam am of twm sismom vim, Two Orr., Warr' am
ma sn owarais Or similar(' boo on all asissioss
vim lika piss of *animism Qs Palace re the ea
itrmar
Maim* trat admilibm am Moss dap ma mak& aar
admimiam livo sidalmem or SPW•I4II. MI 'aria mi of
Orr

--days on which the of adadrakir la heed at lire
ThaaftßANeeDegcs rich' vAL Xasoms Performance el
z tilkattr"`"jgtillsa°l e'ennuDl
1111, el
is.
i. foil. wia MOW on Saturday, It
Tb MUSICAL nwn vAL of ta• Orplosaislas at Immo as
Malay. SSW Tuesday, lath. and Thursday, rah Jam
Caber arialairsola at a rale a &dirks ad Ms ShMlaas et
awards sr) be weds se the gess=
Seneca Tickees ter &Mem ender MsTreir :asps will be leseed
at the aolforsc rate of Mallarrekaas.

Tickets and the poblielbed prognmisig Os soros
ad et the usual semis: mbar Omilal Maw; vete

Cat:ST A L PALACIL—Coa FRIDAY, 11•74,
took A ORZAT ranivit PERFORMANCH OF KIM
NM ILLWI, estate omens al $s laniannalies of the
ammo Menselei Shane ed the Oampinew (by *r Charles
gz.driazr.u.=
&dose . it. ism IM, Mr. Wean Mr. L R. Thomas,
eatimpor Hitt. The lend will ideas the Inetrumentaliste
cd the Seseed Haratenic Societe with nuraseous additions
theist% WNW from the prldpsl Orchestras. the Crystal
penes Hand, sad the large 0111011. hells oz.Preula for the
c
Handel Festival. Ovum Ist. Mr. Browassalth. The
emelt of the Londoo Division et Mee Handel reettval Choir
loomprldcy the Chorus of the Sacred Harmonic Society, with
selections from the other Metropolitan Choral Societies', the
lesdins Professional Chorister and Deputation from the
principal Pmvincial Choral Sockties, the Cathedral Choirs, and
various Continental Choral bodies. The entire Orchestra will
number TURKS THOUSAND PER.FORMESS, Conductor, Ms.
comm.

The inusical arrangsmests under the d Irectlon of the Committee
of the Sacred Harmonic Society. The oratorio will commence at
3 o'clock. The statue, which will be placed for the occaelon on
one of the upper terraces, will be unveiled at S o'clock. A great
Torchlight Procession at dusk.
flue= or TlCairs. —Adathriou tickets (if purchased on or
before the 3rd of May, fis.„ by payment at the doors on the day of
thelestivai 7s. ed.. reserved shah. arranged In blocks, as at the
Handel Festival. In the area, fie extra, or In the corner galleries,
half a mines extra.

Tickets at the Crystal Palace, and at 2, linter Hall, where also
pia' of the male may be laspected, or, by order, of the usual
Vikwer sires tickets will admit on this occasion, subject to
fis use teralstlom

WHITTINGTON CLUB and METRO-
POLITAN 11,1111NA171L Arm&Woo* Strcutd—
OLAND VOLUNIT2I SALL. on MAIM Ir, May 1, under tbs
patronage of Viscount LANILaGn.
Skirts flatly, b. Gentleman. ss. boob* 8a supper,
5. Id. extra) slay be obtained by any number of a Volunteer
Carps of tits Secretary. L E. 8I; 88 Secretary.

MILALBERT BMrTHI MONT BLANC,
TO-NIOHT. at 8, sad WRIT 18113W1' ;bat Saturday; at
S : and Tuesday and /110111.111 allannoons. at 11 o'clock.
Stalls, 3a, which affis Oa labia at $5. bozalbon zaptiaa Hall.
daily, from 11 tI/1 11; area. >ti ; gallery, la.

Miand Mrs. GERMAN REED, TO-NIGHT,
sad NYRRY IYWNG (except Platurdey), at 11, end There
dv and Saiorslay Allerstoses at 3, will glee their POPULAR
NTRATIONgs "Our Horns Circuit" and " See.lltde Stalks.'
intnxineing a variety at amusing and Interesting 81211TC11125
trout REAL LIFE, at the ROYAL GALLERY et 1L1A,41 RA
TIoN, H. Regent-street. A la. 2e. . staig.k, secured
at the Oellery. and at Cramer, and Co.'s, NI. Regent.
street—Let Nights ul Sally new.

VICTORIA CROSS GALLERY, Euptivn
ofru. Momlllly, OPZIf DAILY, from UNIV. Admission,
pee ablilles. In uniform, hen. The whale d reef man win;
with ..reuse additions, panted by L W. Meisti.loiry
W.

THE NATIONAL ASSIMBLY ROOMS,
Blab Hotbora.—Thla Eelshllerent, prisamismilly dia-
ttaguleheato the dapace and =MY= bssd Mt Ames-
Mona eeralgasd with tbe perialket d N• Imaatealmak Is OPEN
EVERY EVENING. The oilebraMd Ilsod. Lwow the dbeetke
of Mr. W. M. Porker, play. a Willy WADI aelstakm at theateat
approved elambeel of aod.i aria Dom apse at lat./eel L
Overture at it Closing at if ~ask!. Malaise

ARGYLL ROOllB, Great Windmill-street,
Piccadilly. Lamed le Act of Parliament
NOTICL—A IkO
SA➢
O SALOON added to Ws
LitablklusaaSm=yylbeakir With the MONSTER ND.
eciadmlad by Mosa Wm" eb•Prorebssin la ale taperer
NW ale& Opea at Sealed. Adalidos. Is.

THE LONDON PAVILION, Tichborne-xtreet,
Naynisiken—lf ”n wing Ie (mend a plainest evening, go
to tbe LONDON PAVILION, W Anent rooms in London, and
the beet CONCIRT. Adaninies (by refreelunent ticked ed.—
nowNlll Angle. LM Oigieries, 4e.

IJIDUCTION OF TEI WINE OVUM&
EUROPEAN
WINE COMPANY, I* Pa-me& &W.
The presieeere of their bog te asebounce that
they have 'Wooed Tsai of sad mow offer Mall
peeress the MI bawd& of tag saw deociaieut.

ROYAL VICTORIACriIIO SHERRY 275. per dozen.
Standard Iseelleravi
SPLENDID OLD PORT, tan jrrar de
ht the wood s7. Per dozen.SPARKLING RPILRRAY CHAIMAON St a. „
ST. 11 -URN CLARRT, pore and without acidity Sea
MIST COGNAC BRANDY (Pah or Brown; . . 44e. and Hs.
SOUTH AFRICAN PORT. SHRRRY, te loe. and 24e.
The Swett ever intrude:ad Into this eountr.

Bottles and gnaws included, and ais dozen mules tree to any
railway station In England or Wales. Price lists tree on appli-
cation. Terms cash. WILLIAM REIDTIPPING, Manager.

NOTICE. —WINES and SPIRITS at REDUCED
BROCUICB revised list of prices, with Dr.
Rarefy report, post free on application.
Claret VIII ordinalre, bottles included per down Its.
Chablis (White Bunsultly 194.
Still Hock or Moselle,
Rothiehod Sherry 20
Ho Port i innanlY charged 26L per emen • s.
120...
South AMcan Port and Sherry .. ... Us. and 245.
South African Madeiraand AntontMado 24a
Gin, full strength, Ils. al.. Burgundy Brandy, its, per gallon.
ollaa4A the very hest, 25a. per one down case.
Samples of arty four of the above on receipt of 30 stamps.
Terms, cash.—A. BAOUGH, 29, Strand, London.

ALLSOPP'S PALE ALE. —Mesnrs. FIND-
LATFR, MACKIE. TODD, and Co beg to announce that
they an now prepared to @apply A LUIOPPS PALE ALE, of the
Reed quality. Is hoiden aad casks of elghteem gallons and
upward. —stores. under Londonhiidge Railway :41ation ;
eutzaoee. ?lb, Toolorpasnot. AIL

THE BESTand CHEAPEST TEAS and
COMES In ENGLAND are at an thaw to bo obtained
of PHI Writ and Co., To. Mrseranta, 16 11i liftillamotreet,
City. tivod strung maid Csagou Too, St, fa 161., it, la 4d.,
sal tn.. rich Auueltote, la, . U.K 1044 awl to Ti. sod coffee to
the value of 400. mod amologo fres lo say railway Motion or
nartopt town In SastraiL • arks ~TOM 610. Sown morbat
plow. All goods ourlaapi hoe within Wild ono of sa. City.

THE NAST INDIA TIA COMPANY
(Umbed), CM coly Oerapaay tetra twirl their ova TEAS
awl supply lara public dlreet.--• aim mobs et 15 per cent. The
c. .leheete,l fo.bgg id ten from fle. 44. pee b.: of coffee In the
berry. from led.: fine Legebbit Ileurborpf, la anomie. la. al
Werrh.Juee. a Crest st. Ileleu'oellarclose4, Biehoparatoefroet

riIART FRUITS and PRESERVES, 10a. par
dozen , Pleb IMacee *ad ?Miles, 10e per dozen Sew
NMI!! Marmalade, lue. per dozen ; CryMallised said Glaof
yresch yroit, mei ehoodalm. rat de Voles Wm, Gann and
Yarialdre Mee. Potted Made. r...logna. Lynne, and Hammetek
tealaa tbekara Magadan lh zed Itefiedeer Towage,
atm. Beam, Hank's' lied Vmdc sad Wentptsalla Hams
,drotoot to MM..% A.B. /Wally tp..l Tea. S. yd. 4s per lb.
FAlTLExtrza, R, Jensin•eirmt, corset of Yortotroot,
Jortioottioro.

AIISA GE & —GIN lIINE HOME-MADE...-
re/tow sac Td. per b.—DollBl7olt sod lON, Warn.
COMP M.C.

The a of the Wast-end establishment el
Ow well knows of limn Collard and Collard was
onlebratod on Many am* by a Musicale, Philo-
pophivor, re Dome" end wes a bnlliant affair. The pre-
mise., which are of lit architeetund beauty, the deacon-
time having Wen tatir the superintendence al Mr. Owen
Jones, were set oft with greet taste by statuary and rare
Gower.. The number of . resent aussadtd SOO,
and the whole Affair oft t satiefectortly, On
tlatlininv Levelling the wdoss were thrown epsa to thou,.
Conners workmen and their wire. and tantihee, to whom a
cancert and ball wars gives.

THE GREAT PRAUDB UPON THE UNION
BANK.

The anticipation that the frauds committed upon
the Union Bank of London would prove to be of a.
magnitude sufficient to startle the public, was only
too accurate. The investigation by the directors
has been brought to a close, and. reveals the
astounding fact that the amount of the defalcations
is no lees than two hundred and sixty-three thousand
and seventy pounds f The special report lamed
last evening by the directors to the proprietors is
as follows :
TO TUB TIOPILIXTOBB OT TEX UNION BANE Or LONDON.
It is with deep regret that the directors have to conuau-
Moats to the proprietors that they hare discovered very
large hands committed by their late chief cashier, William
George l'alliager, and with as little delay as posit& they
lay before the proprietors • statement of the Mt., and rib-
nut the course which upoa • careful consideration of the
eirciunetances they recommend for meeting the loss which
has been sustained.
William George Pali. was appointed a cashier of this
bank in April, 1839, ha • held a sheiks onus-
tion io the banking-heees Ilk OisHas like* and On., and
after sixteen years ci met 4111•11114. sssleua, and. to is still
believed, faithful mercies in sekowthsate e
ss r wee,
ibout Years NM mina bp She tri=
seek was the seoldsoes
seseegmee, and *sir with wormer in
ke discharged kis amides, that 'kiwi three leads
they voluntarly raised his salary to 110101. par snag
His duties as chief cashier were to sopeciste.d the ether
to procure cheques for money to keep thdr tits
; and it devolved upon him to pay all cheques,
end silver coin, beak notes, be., which were not
required for the purposes of this hank, to the Beak el Bog-
Led, socompanied by • cloaks* specifying the particeders
of each payment, and by the "pen-book " of the Bank GI
England,which wee wicassarily in kis ',Moist sharp ; sad
an account of them payment, was also furnished by Pal-
linger to the principal ledger-keeper. In the ordinary
come of business Pullinger daily sent • junior clerk for
the passbook, which contained the acknowledgment by the
Bank of England of the cash paid in, and it was the duty
of Pullinger to deliver the passbnok to the ledger-keeper,
whose duty it would then become to check the entries tn
wheat the Bank of England by the items in his ledger.
The ledger-keeper, on finding his account tally with the
pass-book, would report the Bank of England balance to the
accountant, to be posted in the general ledger, when any
error in the Bank of England bal.'o ce would disturb the
general balance of the day, and become the subject of in-
vestigation.
Ou Thursday last, the 19th instant, in consequence of
some information, application was made at the Bank of
England for their statement of the balance of this beak,
when • deficit of no less than 263,070/. Bs. 10d. was dis-
covered. Pullinger, who was absent at the time attending
• funeral of • relative, was immediately followed by a
director and the manager and brought back, when be
at once confessed that from losses on the Stock
Exchange he had from time to time since his appointment
as chief cashier abstracted large sums from the charrggeas
taken over to the Bank of England, which he had concaled
from the ledger-keeper by exhibiting to hint • fabricated
passbook, in which the balance agreed with what it ap-
peared in the accountant's general ledger. He was then
given into custody.
It may be proper to state here that the supposed balance
at the Bank of England was 569,7061. 16s. 2:I. while the
certified balance was 306,6361. 7.. 4d., exhibiting the deficit
et 263,0701. Bs. 10d.
The directors now proceed to state the coune they recent.
maid for meeting this loss, and they feel assured that the
L re=ton will cancer with them in opinion that it should
promptly and effectually.
In Jury hat the sum of 120,0001. was transferred from the
reserved fund to the capital aceoent ; it is now proposed to
re-transfer this sum from that account, and to appropriate
the further sum of 100,0001., the amount of the existing
reserved fund, towards meeting the present defalcations, en
application otfforthr!
oifund.speing lly contemplated
titothe deed
belenee
of the deficiency, about 40,0001., will be paidsses '
out of the
accrued and accruing profits of the present year, which the
directors confidently anticipate will further enable them to
=a dividend of 5 per omit. for the six months ending
me one. which, with the dividend and bonus paid
in January bet, will be a toed payment of 121 per cent. for
the eser.
The direelen hops that some of this large amount may be
reiCovered, Othough it would be inexpedient to enter bete
details on this subject at present, but they will not take
these matter, into calculation now; they prefer taking the
maximum lose which can be sustained, and they feel thee
the honour and credit of the Union Bank of London, sad
the true interest, of their co-partners, are best consulted by
at once liquidating that amount, confidently believing, as
they do, that, with the original paid-up capital intact, a few
years' profits of their business will enable them to replace
all that has now been lost, without interfering with the
usual dividends paid to the proprietors.
While it is certainly satisfactory to be obis to meet so
large • loss out of the reserved mete of the bank
without trenching on the original paid-op capital, the
directors find it impossible adequately to
their regret and mortification that such a crime could=
hese suoceesfully perpetretedi under the system of checks
which has been in operation nom the establishment of the
bask. No extensive Imaineas can be carried on without re-
posing confidence M those employed in it, and in the pre-
sent case the directors felt justified in reposing in Pullinger
the confidence necessary for the discharge of his duties; he
had been in the employment of the bank since its om-
menoment, his attembusce was unremitting, his industry
and talent conspicuous, his expenditure appeared con-
sistent with his position and salary, and his domestic habit.
were believed to be correct and creditable ; it now appears
that for • long time he had been engaged in an extensive
system of time bargains on the Stock Exchange.
The system of checks in operation In the bank was
framed manly en that existing in the Bank of England, and
the director' have, with this exception, found it effectual.
For the first time during 21 years the directors are unable
to address their copartners in those terms of congratulation
which they have used sines the establishment of the hank,
and for the first time during that long period has the steady
and remarkable success of the bank been interrupted. They
believel they had taken every necessary precaution which
experience dictated, and which, so long as those precautions
were strictly observed by all those through whose hands
Pullinger's accouuts passed, had proved, and would have
continued to prove effectual ; nor can the directors claim
for themeless, or from these in their employment, exemp-
tion from those feelings of oonfidenoe which long association
and services (for many years efficiently and honestly per-
formed) are calculated to engender.
The confidence of their devoted manager, Mr. Scrimgeour,
no less than their own, has been grievously abused, and the
directors would do violence to their own feelings and sense
of justice were they not to express their sympathy with
their friend and officer under these unfortunate and mortify-
ing circumstances.

In point of magnitude' the defalcations of Pul-
linger throw those of Itobson into the shade, and
even exceed those of Itedpath. The amount in-
volved in the latter came, it will be remembered,
was about 240,0001. Pullinger'sl method of pro-
ceeding wan simple. The whole of the large pay-
ments into the Bank of England passed through
his hands. For a lengthened period he passed
them in with regularity. Finding then that he
virtually the entire control of these
roods, inasmuch as the pass-book formed the sole
check upon him, it occurred to him, in a moment
of temptation, to appropriate money and
falsify the pass-book. Emboldened by see-
ms, he persevered in his crime, and car-
ried his misappropriations to the almost iucredible
extent above mentioned, keeping systematically
the real pass-book for himself, and
_presenting a
fictitious one to his fellow-officers. The largeness
of the balance habitually kept by the Uni:rn=
at,the Bank of England precluded the chance of
discovery through any heavy draughts being made
upon it. The risk of detection which lie incurred
every hour becomes the more remarkable when we
consider that two of the high officers of
the Union Bank Messrs. Bcrimgeour and
Barton—were themselves formerly in the Bank
of England. That establishment, however, is
upon so large • scale that they were
probably unacquainted with the handwriting, per
even with the names or initials of the clerks
in the Bank of England Drawing-office. Frauds to
this extent could only occur in a joint-stook bank
with a large associated capital. In the case of a
private bank, the handling of such heavy 111,1111 P, in-
stead of being consigned solely to one officer, how-
ever worthy of trust, would fall within the pro-
vince of • partner. It is precisely in this point
that • lamentable lack of caution has manifestly
prevailed iu the management of the Union Bank.
A system of check which depends merely upon .
entries in books is no chuck at all, for
the entries themselves may be systematically falsi-
fied for years, as iu the present instance. In any
effectual system of check and counter-check the
agency and supervision of other employ& of high
character is indispensable. In fact, one trusted ,
erstployi must be used as a check upon another. The