The Northern Daily Times.
Liverpool, Merseyside, England, 1856-10-06 00:00:00

being much increased at Gaeta, whither cavalry
had been ordered. The force concentrated there
is 10,000 men, nor does his Majesty neglect to seek
the protection of the Saints in Heaven, it being
narrated. by. a reliable authority, that on the 18th
and 20th a friar of Santa Lucia and the Senora
Serafimt, a woman reported to be of a good spirit,
were received and confidentially entertained by the
King and Queen. The political trials still continue
at Naples. The Attorney-General demands the
punishment of death for four; twenty-five years in
irons for two, and acquittal for three.

were the,vietims of any unnatural indignation, or
angry feelings, which a few short months should
have erased from the public mind. It remained
for Mr. GIBSON, who introduced hiniself "an
" officer of the Court of Chancery" to the Tipperary

meeting, to enlighten us on these points

gentleman is made to say that "at the time the

'eat cry against the parties by whom they

" were defrauded ; all men were naturally in-
" flues ced by just feelings of indignation against
" those persons whom they had trusted and by
whom they had been deceived ; but it was better
" for them to approach a subject of the sort with
" cooler judgments; and he hoped, now the

The Emperor, Empress, and Prince Imperial, of
France, arrived at Paris on Thursday. It is said
that the Emperor has ordered for immediate
publication a detailed account of the expenses of
the whole Crimean war, both in men and money.
Financial difficulties are becoming daily more
complicated in the dominions of the Sultan. '7l'
loan, guaranteed by England and France,
exhausted, and numerous experiments have been
- to raise the wind. The coffers of

"feelings had to a considerable extent subsided, they

Sock,
18g.

able that day to decide the question,

not according to the feelings by which they were then

is deeper in debt than ever, have been tem-
rily recruited by borrowed money; and, in
,ach branch of the administration
the most unbusiness like way, had separate
.arse to the offers of foreign capitalists, without

actuated, but what the creditors would see to be
most for their own benefit, ,and what would

ke manner,

realise to theni the greatestamount

What an admirable lecturer on public morality
Griffsox would make. All fe(

lignation

reference to t'

ne general arrangemet.
or the centralisation Of the Imperial debts.
A ministerial crisis has occurred in Denmark, and
the Schelde Cabinet is defunct.
Full details of the news by the Overland and
China mails are to hand. From. them.we learn
that all apprehensions of a second Santhal insurrec-
tion had passed away. There had Ellen some
disturbances, though of no great moment, at
Peshawur. The murderers of the 13urmese Prince
had been acquitted, apparently for want of proof.
Cholera continued to prevail to a very serious
extent in the Punjaub. The Governor-Gen. was at
Calcutta, and Lord Harris, at Madras. the news
from China is very unfavourable to the Imperialists,
and the rebellian was, no doubt, approaching its
0114 a; 0

a of the trea-

Later advices from Australia are to hand. Loth
at Sydney and Melbourne there had been great
rejoicings on account of the peace. The Canopus,
from Liverpool, had reached Sydney, after a long
passage of 168 days The New South Wales
Legislature was opened on the 22nd of May, by
His Excellency the Governor general in person.
Our Irish intelligence of to-day announces the
death of Baron Pennefather, which took place
on Friday at his residence in the county of Tippe-
rary. The learned Baron had held a seat on the
judicial bench for the long period of thirty-
five years. He had never regained his health
since the l'aN discussion in Parliament with
refer&

ice to the state of the Irish bench. The
creditors of the Tipperary Bank have held a meet-
ing in the town of Tipperary, pursuant to public
notice, for the purpose of considering the expe-
diency of acceding tea compromise of their claims
upon the shareholders, and of considering what
other steps accorded with their interests. The
Earl of Bessborough and Major Henry Massy
were present as creditors, and among these who
attended were Mr. M`Dowell. the official manager
of the bank under the Winding-up Act; his
solicitor, Mr. Meldon; and Messrs. Gibson and
Adair, the solicitors appointed by the Master
to act for the shareholders. The Very Rev.
Dr. Hornby, Parish Priest, presided, and
addressed the meeting at some length on the
motion of the Earl of Bessborough, who stated
that if the proceedings at law went on, all move-
able property might be removed by shareholders,
and he was convinced that the landed estates that
were liable would never yield the money. Liti-
gation would distract the farmers from their busi-
ness, besides swallowing up funds. There were
800 creditors of and under £so—what chance had
they of recovering at law? .A considerable number
of small creditors and depositors in his neighbour-
hood, whose claims amounted to about £3,000, had
authorised him to act for them. The following
resolution, after some verbal alterations, was
put to the meeting and agreed to :—" That
having heard the statement of the liabilities
of the Tipperary Joint-stock Bank, and the re•
sources from which a further dividend may be
expected, and placing full reliance on the official
manager, and his desire to protect the interests of
the creditors, our very reverend chairman be
requested to put himself immediately into com-
munication with Mr. M'Dowell, and ascertain if he
be in a position to undertake within a short period
the collection c "
I Byron I creditors a

irtiler dividend on their respective
lei/lands, independent of any sum that may be
hereafter realised out of the assets of the late John
Sadleir, and the claim of the bank against the
Kingston estates. And if the same can be accom-
plished, it is the opinion of this meeting that such
compromise should be accepted by the general
body of the creditors, and that our very reverend
chairman, and the mover and seconder. of this
resolution, be appointed as a committee to repre-
sent the creditors, for the purpose of carrying out
such arrangements, as well as to secure for the
creditors the largest practicable dividend, and save
them from ruinous consequences of lengthened
and expensive litigation, and that the several other
branches of the bank be invited to select one or
more persons to represent them on the committee.-
We regret to say that the prospects of the
depositors of the Royal British Bank have not
latterly improved, and that of the shareholders is
not one whit less gloomy than before. Mr. Hard-
ing, the interim manager appointed by the Vice-
Chancellor, has, however, issued a circular to each
customer and creditor of the bank, calling upon
him, among other matters, to state whether he is
willing to effect a compromise of the amount due
him. This is a practical and business-like step,
I one which will tend greatly to facilitate the
arrangements for compromise.

A most singular attempt was made at Tipperary
on Thursday to compromise the SADLEIR swindles
Noblemen, clergymen, " officers" of the Court of
Chancery, and attornies, all took part in the meet-
ing. Blarney and intimidation were resorted to,
and plied with true native vigour and tact—the
former under the cloak of clerical simplicity, the
latter in the unfathomable depth of legal chicanery.
The divine who filled the chair was, as in duty
bound, a peacemaker. He declared that his object
was to put an end to litigation, and to pursue a
course which would- secure the largest dividend to
the creditors. "It was true," said the very
reverend chairman, " that the shareholders were
" legally bound to meet the demands of the ere-
" ditors, but it should also be observed that they

were determined, if legal proceedings were resorted

"to against them, t

9 have recourse to every means in

" their power in order to prevent their properties
"from being completely destroyed." This announce-
ment, coupled with that contained in Mr. JAMES
SCULLY's letter, which was addressed to, and read
by the Chairman, show the extraordinary impunity
which the debtors in this nefarious affair have been
allowed, and now claim as a right. Mr. SCULLY

informs the world that" It is a most erroneous im-
" pression that the shareholders are not willing to
"come forward and meet the difficulty. Such does
" not exist, as I am aware that the great majority

" of those possessing means are most anxious to
" bring the matter to a termination, and have

" already determined to make large sacrifices of
" their property, if they shall only be afforded the

" means of doing so by entering into a compromise,
" which, if successful, will entitle them to a dis-

" charge, by which means alone they will be en-

abled to borrow money to meet the several sums
which they propose to pay." Here, it appears, that

" unlimited liability" in banking companies cannot
be enforced except by a compro:nise which will
entitle the shareholders to a discharge to enable
them to " borrow money" to meet the several sums
they may propose to pay.
Mr. Scur.Lx's brazen-faced assurance entitles him
to the best thanks of the shareholders in every
Joint-Stock Bank in the kingdom. Shareholders
have only to make up their minds as to what sum
they will really pay, and leave the creditor to
accept what they offer, or lose all in " litigation:,
It is the first time, however, that we have heard
that the principal actors in the SADLEIR frauds

THE NORTHERN TIMES.---LIVERPOOL, MONDAY.

MONETARY AND C

)MMEIWIAL,

LIVERPOOL, SAtURDAY EVENING

13 is not any change in the Money Market,
irabie state of the Bank r.turns has had a de

, and the market clos
ade in C

effect upon the public sec
with much langour, sales being r
for Account, and 92,1 and 4- for
of both were 93k to 924. Exchange Bills were held at
78 to I Is premium.

The Liverpool Share Market has been dull and de-

pressed. The following are the closing quotations :
Aberdeen, 131 131. Chester and Birkenhead, 1.51. 15k.
Ilaledonian, 264 xci 26 15-16. Chester and Holyhead, In
East Laneishire, 20 20k.

rn Counties, 88 9
ma 911

tov
Great Norther

Ditto A, Sh

Lam

I Yorkshi;

Liverp

by, and S3uthport,
era Stock, 1011, 1011.

Manchester, Shethald
land

u 5 log
5154 cl

, and Lincolnshire, .31

forth Braid),

MFM,VM:VOC.ER7,IMBZtr.

of the remittances to the single, port of Shanghae is cal-
culated to excite astonishment.

Arrivals of specie-to the amount of 170,000/—including
140,0001 by the Magdalena from the West Indies, and
30,0001 by the Cambria from New York—were announced
yesterday. The sum by the Magdalena will not be in
hand until next week. The 30,0001 ex the Cambria has
been taken for the Continent. Of the 97,0001 in speci,3 ex
the Fulton, from New York, only 10,4001 is stated to be on
English account, the residue being destined for Havre.

THE WOOL TRADE, &(

The public sales commenced on the 26th ult., and closed
on Friday. The total quantity brought forward, was
13,769 bales, besides 4,521 ballots Peruvian, in all 18,280
bales and ballots. Of these there 9,386 bales East India,
and although the quantity was rather considerable, the
trade generally being out of stock, a large attendance of
buyers assembled, including a greater number than usual
from the Continent. The sales opened with very, .great
spirit, and have continued at satisfactory prices, although
for the finer descriptions, notwithstanding the scanty
supply, the-opening rates were not altogether maintained.
The advance in the Bank of England rate of discount from
4i to 5 per cent, which had been for some time anticipated,
can scarcely be said to have had any influence on our
market, owing to the very reduced stocks of all descrip-
tions, and the still high range of prices abroad, offering
little prospect for an increase in supplies. On East India
wools we quote the following advance on the prices
obtained at our last sales ending the 27th June, namely,
superior qualities fully Id per lb, medium to fair white
about Id, medium to fair yellow id, medium to fair gray
fully ld, in some cases 2d, low and inferior id per lb. For
France and Belgium the operations at these sales have
been comparatively unimportant, while for Germany
they have been to a considerable extent, which is a fur-
ther proof of the extension of manufactures in that quar-
ter, and they seem likely at no distant time to become
formidable rivals in those branches of the trade where we
have hitherto least found competition. A large quantity
of Peruvian was offered, but being chiefly second-hand
wools, engaged little or no attention, and almost the whole
was withdrawn. Egyptian wools were in less active de-
mand, a great portion was of inferior character and not
much in favour, which accounts for the low quotations ;
but for anything of a better class, owners were not wi!ling
to abate anything from the late full rates, which, for supe-
rior qualities, can be readily obtained by private contract.
Several hundred bags of unwashed Oporto fleece found
buyers, but at hardly previous rates. Of washed Oporto
the transactions were chiefly confined to cotts and lambs'
and some superior long lots brought outside quotations.
Unwashed Lisbon went rather below previous rates ;
some superior lots of clean washed brought satisfactory
prices, but others, not so good, went with little competi-
tion and were withdrawn. River Plate wool met with
ready sale, and the better qualities found buyers at full
prices. On the whole, the result of the Public Sales must
be considered satisfactory, most of the wools in first hands
have engaged the attention of buyers, and met with good
competition, but it was not so with speculative parcels,
and it shows the impolicy of making up catalogues of this
description which seldom meet with a favourable result.
The demand by private contract during the month has
been very active, and all current descriptions have met
with ready sale at full prices ; but the extent of sales has
been much restricted for want of stocks, the chief part of
recent arrrivals having been held for the public sales.
Some large purchases have been made in Peruvian wools
to the extent of 8,000 ballots, which have chiefly cleared
the stock out of importers hands, and, although the prices
have not been allowed to transpire, they are reported to
have been at such extremely low rates, that it has quite
put a stop to sales for the moment. They are said since
to have changed hands again on speculation, but whether
to :a profit to the original buyer, is not at . present
known. Alpaca continues in demand, there is
nothing on the spot, and nearly everything to arrive has
been already contracted for afloat. A fair demand has
existed for Egyptian, and this and all other long-stapled
descriptions are saleable at full prices. Donskoy fleece
has engaged more attention, and is in good demand at
present, as well as autumns and lambs of good quali-
ties. Ireland wool has arrived freely during the month
and has found a ready sale, at full current rates,
to the extent of 2,000 bags here and at outports.
The trade generally is in a very healthy position, and
although the London public sales have so recently termi-
nated, when the unusually large quantity of nearly 80,000
bales fine colonial was disposed of, the trade are even now
large purchasers, and we have during .the last few days
made sales in quantity at from 5 to 10 per cent advance
on the closing rates of those sales. For home descrip-
tions, particularly combing wools, the market has a very
firm aspect with a, although not perhaps immediate, ten-
dency to somewhat higher prices. Sheep skins continue
in good demand, but few arrivals have taken place, and
consequently not much business has been done.
PARTICULARS OF QUANTITIES OFFERIM AND PRICES