The Express.
London, England, 1866-09-05 00:00:00

THE ALLEGED EMBEZZLEMENT OF £lO,OOO.

At the Mansion-house, yesterday, Mr. William
Charles Haddon, an elderly man, who for many years was
employed as the manager of the London establishment
of Messrs. Russell and Sons, the proprietors of the
Crown Iron Tube Works, at Wednesbury, in Staf-
fordshire, and who has been in custody for some time
upon the charge of embezzling a large sum of money,
the propertT of his employers, was brought up before
Alderman Sir It. Carden for final examination.
Mr. G. Lewis, of Ely-place, again attended on behalf of
the prosecution ; and Mr. Wontner, jun., of Bucklers-
bury, appeared for the defence.
The whole of the voluminous depositions that had been
taken at the previous examinations were read over by one
of the clerks, and it will be remembered that the main
facts that appeared to be established were that the prisoner
had received very large sums of money from various cus-
tomers on account of the prosecutors, and that, instead of
remitting the whole amount he so received, he kept back
considerable sums, and paid the cheques to his own private
account at the Alliance and the Metropolitan and Provin-
cial Banks. It was also proved that with reference to one
cheque for 101/. 5e., which was made payable to order,
that the prisoner signed the endorsement of Messrs.
Russell and Sons to this cheque, and had thus rendered
himself amenable to a charge of forgery.
Mr. Silas Guy, the accountant to the prosecutor, and
through whose examination of the books of the prisoner
the alleged defalcations were discovered, was recalled at
the request of Mr. Wontner, and questioned with reference
to the alleged forgery of the endorsement to the cheque for
1011.5, In answer to questions put to him, he said he was
not prepared to state upon his oath that the prisoner
would not have had authority under certain circumstances
to endorse the name of Mr. Russell to a cheque he received
on account of the firm, but he said he was able to state that
he had no authority to do so with regard to this particular
instrument.
Mr. Wontner then put a letter into the witness's hand,
and asked him if it was not the handwriting of Mr. Russell.
He replied that it was.
Mr. Wontner then put the letter in evidence, and it was
read. It was dated December 7 1865, and was to the
effect that the prosecutor bad sustained a great deal of
mischief by reason of the bill transactions in which he had
been engaged with the prisoner, and expressed a fear that
the latter was devoting more attention to his own specula-
tions than to the prosecutor's business. The prosecutor
also requested the prisoner to dispose of certain shares as
well as he could, and return some bills of exchange before
they became due, and stated that he must get out of the
bill transactions as quickly as possible. The prosecutor
likewise stated in the letter that the prisoner was aware
that he was heavily indebted to his bankers, and that in
consequence of the largo amount of bills that were out-
standing in his name inquiries were constantly being made
by parties interested, as to whether his firm was in a
condition to pay so large an amount as was represented
by the bills in question. The letter went on to
state that such inquiries were calculated to make his
hankers auspicious, and he urged the prisoner to sell the
shares, and to use the power he possessed to receive money
by drawing and endorsing bill, of exchange to raise the
necessary amount required for the purpose of returning
the other bills before they arrived at maturity.
The witness, after hearing this letter read, stated that he
still persisted in the answer he had previously given, that
at the time this cheque came into the possession of the
prisoner he had no authority to endorse it with the name
of the prosecutor.
In answer to questions put by Mr. Lewis in re-exa-
mination, Mr. Guy stated that the shares referred to
in this letter were shares in the Hanoverian Petroleum
Company, which the prosecutor had purchased through
the earnest representations of the prisoner as to their value.
The subject of these shares had nothing whatever to do
with the charges that were now made against the prisoner.
There was a considerable loss on the shares in question,
hut that loos was in no way mixed up with the alleged de-
falcations in the prisoner's accounts.
Mr. Lewis then said that this was all the evidence he
proposed to offer, and he asked that the prisoner might be
committed upon the charge of embezzlement, and also
upon the one of forgery, in reference to his having placed
the endorsement of the prosecutors upon the cheque for
:;s. without their authority.
Mr. Wontner, addressing the alderman, said that he
should now, as he did on the former occasion, submit that
without the evidence of Mr. Russell no case of embezzle•
;tient had been established against the prisoner. He
should be glad to be informed why Mr. Russell had not
been put into the witness box.
Mr. Lewis Because he cannot prove anything.
It has been proved that the prisoner has received
large sums of money on account of his em-
ployers, and that he has not only not paid them
over, but that lie has appropriated them to his own use by
Ipaying them into his own private banking account. If his
earned friend wished to examine Mr. Russell, he was pre-
ient, and he might call him as a witness if he thought
Proper to do so.
Mr. Wontner said he should take care to call him at tho

proper time, but at present what he had to contend was
that, in the absence of his evidence, there wan nothing that
would justify the magistrate in coming to the conclusion
that the prisoner had committed any act of embezzlement.
It was not enough to show that a servant had not pail
over certain sums that he was alleged to have received,
but it must also be shown that in point of fact the master
had not received the money. He said he thought he was
justified in stating that the letter that had been read threw
a food of light upon the character of the connexion
that existed between the prosecutor and the prisoner, and
that the prosecution were bound to call the former
11,1 a witness, and he could not at the same time help ex-
pressing his opinion that it was a scandalous proceeding for
Mr. RIIM6JII to be seated in court during the whole of these
proceedings and not be called to give evidence.
Mr. Lewis denied that there was any intention on his
part to prevent Mr. Russell from being examined, and he
npeatol that the only reason he did not call him was that he
really knew nothing stall about the matter. The accountant,
Mr. Guy, who had been examined, had the entire manage-
ment of the accounts.
Mr. Wontner said he should be prepared to show at a
future time that Mr. Russell knew all about the matter,
and he urged upon the alderman that without his testi-
mony there was no proof that any act of embezzlement
had been committed by the prisoner.
Sir R. Carden said he bad listened carefully to the whole
of the evidence that had been brought forward against the
prisoner, and he was clearly of opinion that it was his duty
to send the case before a jury for them to decide.
Mr. Woutuer then said that he trusted that under all
the circumstances the prisoner would be allowed to go at
huge upon bail. He was about to adduce sumo arguments
in support of the application, when he was stopped by
Sir R.Canlen, who said it would be quite useless for him
to do so, as he had made up his mind that the case was
one of such a nature that he should not be justified in
accepting bail.
The prisoner, by the advice of his solicitor, when he
was formally asked whether he wished to say anything, re-
plied that he should reserve his defence, and he was then
fully committed for trial upon the charge of embezzlement
and of forgery also.

EASTERN EXCHANGE BANK.—The half-yearly i
meeting of shareholders was held in Liverpool yesterday,
Mr. Patrick Hunter in the chair. The report (which has
been published) having been taken as read, the chairman
briefly summarised its contents, and said that it had hap-
peued most unfortunately that since the bank started they
had encountered every kind of difficulty both at home and
fibroid. Fortunately they had been enabled to keep their
capital intact, and he thought they had now every prospect
of a successful future. They had come to the conclusion
to abolish the system of credits and to confine themselves
solely to their exchange banking business, which he had no
doubt would result satisfactorily to the shareholders. They
had made no bad debts worth 'peaking of during the half-
year, iu spite of the severe financial crisis, and during the
very worst period they had maintained their credit in the
market so as to get their bills discounted at the lowest
prevailing rates. He moved the adoption of the report.
This was seconded by Mr. Eirkell, of Leeds, who congratu-
lated the shareholders upon the prudence which had been
manifested by the board. He did not think, as some share-
holders did, that there was the slightest necessity to wind
up. After some remarks from other shareholders, including
Mr. Bigham, on the necessity of economy in working ex-
penses, the report was adopted.
EXPORTS "sox LIVERPOOL.—The total value of
British goods exported from Liverpool in the month of
July, 1866, was 6,811,7611., against for the corresponding
month of years ISGS, 1844, and 1663,
6,393,1681, and 5,096,937/. The declared value of exports
from this port to the United States in the month of
July, 1864, was 1,880,6071., against for corresponding month
of years 1865, 1864, and 1863, 1,426,066/., 1,186,1611.,
ana 1,122,1191. To the Australian colonies for the month
of July, 1866, 134,7201., against for corresponding month
and ISO, 249,2921., 131,014/.. and 166,6741.
With regard to outward freights, Messrs. Plate and Co.,
of Liverpool, report that the dullness for most parts is
continued, and that for India and China freights are scarce,
and tending downwards. In the Mediterranean a better
feeling prevails, and a slight advance has been obtained.
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