The Northern Daily Times.
Liverpool, Merseyside, England, 1856-07-17 00:00:00

tried at the Old Bailey,

transportation for fraud

spiracy is not an indictable offence, unless

can be coupled with fraud, or crime of

why raise an objection in

la worse character
this, or any other case where wholesale fraud is

illeged by a competent authority, to an investi.
gation before the criminal tribunals of the coun-
try What is there about the Tipperary. Bank that

•o he

It IS I.

then out of the category of offending
? Why has the London Times

banking concerns

is sword of fire for one set of bankers, and its

wand of commisseration for another ? The Irish
Master of the Rolls was bound as an honest and
upright Judge to speak out, when he saw that
the Governmen were not doing what he conceived
to be their duty, in a matter which was looked
on as a national calamity. The partners,
and depositors in the Tipperary

shareholders

Bank were not -the only sufferers by Jo
LEIB'S frauds. Every Bank in Ireland felt thi
shock given to public confidence. One-fourth o
Ireland lost, more or less, by the SIDLEIti fralldS

Ind the other three-fourths were panic-strickea by

their exposure, and was the Judge who was
entrusted with so weighty a matter to remain

silent, when he saw the Government neglecting a
a case which they ought to have watched

with the utmost (

The Master of the Rolls might, as a Privy

Councillor, have given information, privately, to
the Government, but where the law officers of the
Crown ought to have attended throughout the
proceedings, on behalf of the public, and ought to
have made themselves conversant with all the facts

brought to light, he was perfectly right, as a Judge,
in directing attention publicly to what he held
to be an unaccountable oversight, or neglect of

Had Parliament debated the subject fully,
ye no doubt that this would have been the

ral impression. This was not done, but as

the Attorney-General has left his case in the hands
of the House of Commons, and as it is one of vast
importance to the mercantile community, he will
probably have the satisfaction of hearing the

opinion of both the Legislature and the country
pronounced upon it, as the Master of the Rolls will
never submit to be told by a member of the bar,
that his " allegations were made under excite.
ment, and in ignorance of the facts of the case.''
Should Mr. JAMES SADLEIR, in the meantime,
re-appear on the stage, relying on the indiscret
disclosure of the private opinions of the Irish

Couneel for the Crown, a jury of the accused's
which of the high legal

an will decide

best lawyer, anc

c servant

v could not

which the

General justified in p

request.
The meeting of the proprietors of The Union
Bank of London, was held to-day. The report of
the directors stated that, after payment of all
charges, and the sum of 196,594/ Os Od paid, and
due to customers for interest on their current and
deposit accounts, and after allowing 20,2261 6s 8d
for rebate of bills not due, the net profits of the
year ending the 30th of June last, amount to
121,1121 Od 2d, being slightly in excess of 20 per
cent on the paid up capital. The directors now
declared a dividend of 5 per cent, and a bonus of 5
per Cent, fdr the last six months, which, with the
dividend and bonus paid in January last, amount
to 173/4 per cent clear of income tax, for the past
year; and they have carried 21 per cent to the
credit of the reserved fund. After the payment of
the dividend and bonus for the year, amounting to
105,0001, and adding 15,000/ to the reserved fund,
there will remain an unappropriated sum of
20,2261 6s 8d to be carried to profit and loss new
account, for rebate of interest on bills not yet
due. and a further sum of 1,112/ Os 2d undivided
the most I Pr' fit.

The London and Westminster Bank have also
held their meeting, the Lord Mayor presiding ; at
subjoined report and accounts were,

report that—after making provision for all bad and
doubtful debts—paying the Income Tax, and
setting apart 2,000/ towards the new buildings in
Lothbury and Bloomsbury, the net profits of the
bank for the last half year amount to 92,112118 s 83.
Out of this sum the directors have allowed interest
at the rate of five per cent per annum on the rest
or surplus fund, which then amounts to 147,7121
14s 4d, and' they now declare a dividend to the
shareholders at the rate of six per cent per annum,
and also a bonus of five per cent on the paid up
capital. After,these payments are made, there is a
balance of 8,5101 3s 83, which is carried forward to
the credit of profit and loss account for the current
half-year.
The whole of the 216,000/ in specie, ex the
America, from New York, goes to the Continent.
A portion of this sum was on French account. ,

Friday next has been appointed special settling
day in the_ Stoek Exchange, for the shares of the
Euphrates Valley Railway, which are now placed
on the official list.
The English Stock Market continues dull. Both
real and speculative is very circumscribed, partly
owing to the share settlement, and the quotations
are consequently rather flat. At the close, Consols
were quoted at 95,1 951
In the. Foreign ;Market the transactions have
been very limited, and prices have slightly given
way.
For Railway