The Express.
London, England, 1857-10-29 00:00:00

4
same eird• lit not to gra/ Arn
;what nt that tervie abandon/4
evident Tnoanu ' all a ts to make
money.olit tif the ipprehe • panamodor.
Mather sv►na was cognizant of endeavouring
to do so appears less clear. The Jury, by their verdict,
have found that he did; and 011 inch a paint as this
it would be idle to set any conclusions formed from
• mere perusal of the evidence, against those arrived
at, under a grave sense of responsibility, by men
who have heard and watched ths witnesses, and en-
joyed every opportunity of having presented to them
all possible views of the case.
. . . . . .. .

Mr. CADOOAN no doubt took the boldest u well as
the wisest course in immediately instituting pro-
ceedings against both Ev.vws and THORNE. The
result of the trial shows that in the judgment of the
Jury the former defendant had made charges of the
most serious :nature which he had no means of sub-
stantiating, and that both defendants had offered to
withdraw, for base motives, accusations whichhad pro-
bably never been put forward from very elevated ones.
To this extent Mr. CADOGAN may congratulate
himself on the firmness and dexterity with which he
has encountered this attack. To this extent, but no
further. It is impossible not to feel that some of the
admissions he was compelled to make in the witness-
box, were of a nature very much to impair that abso-
lute confidence, that petfect freedom from all possible
suspicion of underhand motives, which is one of the
float requisites in the responsible manager of each a
Company u this. We will go no further than
the single fact that, according to his own admission,
ever since 1848 the Deputy-Chairman of the Subma-
rine Company has been, and still is, an habitual
speculator on the Stock Exchange. This is quite
enough. The instrument-room of that Company is
the daily depository of secrets which arc worth hun-
dreds of thousands to men who operate largely on
the Money Market. To that room the Deputy-
Chairman of the Company had constant access. We
feel satisfied that he made no improper use of this
power; bat as a rule of universal application, no di-
rector of that or any similar Company ought, directly
or indirectly, ever to have a dealing on the
I Stock Exchange. Until this rule is strictly en-
forced, it is impossible that suspicion should be
avoided. In one way or other it is very certain that
the most important secrets of the electric wire do
from time to time reach the City long before they
are known elsewhere. Al our City article informed
our readers, and as most people at all connected with
the money market are perfectly well aware, the news
of the fallof Delhi wasknown on the Stock Exchange,
and affected the Funds, some time before the close of
operations, although the Telegram did not reach
Downing-street till a quarter past 4. This is merely
one instance out of several : the last, but by no
means the least. As long as any of the influential
officers of these Telegraph Companies are notoriously
and admittedly concerned in Stock Exchange opera-
tions, it will be impossible to prevent the existence
of suspicions, for which it is in the last degree de-
sirable that no ground should be given. The ma-
nagement of these establishments should not only
be beyond the range of proof, but above the reach
of rumour.