The Express.
London, England, 1857-12-12 00:00:00

SPORTING.

BETTING AT MAN—CHESTER—FIuokr.
TWO THOUSAND SUI/INAS STAINS.
100 to It apt Dr to Itarddmaw 111
oto 1 Lord*, Una NI
to 1 Coasoid (11
Tlll6 DONNY.
14 to 1 sot T.
100 so = 11=6:1.
U to 1 Beery teal IN
MUTSU OUP.
10 10 1 ASO DolwasautO
1000 to 10 op PAP Wand.
COURSING MEZTINGS.—The coursing meetings of
next week include Barton-on-Trent Club, on Tureday ;
Southminater, on Tordsy and Wedne•day ; Selby, from Tues-
day to Thursday ; Cardlngton (open), from Tuesday to Friday ;
Limerick Club (open), Kaockrue end Altcar Club, on Wed-
nesday and Thursday; and Deptford Club, ou Wednesday,
to Mr. Bonow's tanned was itself aisle, at Ar
with Black Shadow, a daughter of Webb'• Wkkadd4aesZ
Bright Steel, who else won bore in October. The latter of
these—a greatirmidecm of Lord Eglintoun's Waterloo—is
is the eats at Lkiridge's this day. On Settuday next theta
will ales be another meat greyhound We at this place, to-
chiding the Imo Sir bass Boserslt's kennel.

THZ WILL FORGERY CADE AT PRESTON.—
PIinSTOW FRIDAT.—The *INA mtho body al Edward
Tomer, rielmaker, sod amity-two revs, woe lad this
ellsrmoon. The psseetiptions glom by .111 r Moak woo pro.
doted sad Foamed suitable to ths donssors bowel com-
plaint by three naiad ms.. There woo ao • of
rlaft la Iho body at the pot aria es= stion.
Taylas somlysis slated that only • tow mall portions of
were discovered which might Mvs berm niolically
p ise db.d. Tb. jury Immediately returned • verdict of
"Moth horn Waal cause.."—/Sew..

8177C1D1 OF A GENTLEMAN IN THE SERPENTINE.
--Seel main. • gentlemsaly man committed enicide la
the Serpentine, by leaping from the walk landiag to Knights-
bridos. The body was soon got out, but life was unite
extinct, and it wee taken to St. Osorges warithome, Mount-
street, to be mimed, and for an *asst. The body is that
of • ram af 36, alai I. • fsebioesbM Tweed cost, and shep-
herd plaid women sad waistcoat.
PRESERVING GRALTII IN INDIA.—A collation
of rules for pregoviag health in tropical, sad Imbed la ell
climates, has toga dram up far the me of the Emit
India Compsays Novice, by Dr. Junes Harrhos, itad
Wooed to the troupe by Sir Colin Campbell. The chief
points insisted sa are the necesslty of keeping the bead
lightly mooed toga the mys of lb. elm and the fell of
the dew, sad the almatagee ef reatilatiaa, dry clothes,
old bedding, sad of Sequent bathing. Animal Mod is
not es mageory la let clistates as in cold, sad the use of
vegetabbs sad holt ladispimeable to the preservation at
heath —esoloste till gad • doe amount of repose,
sad not elmawdrfahlog, ere the proper remedies tw this
debility rebated by a wens climate. Them simple rules
ere
taps
is appliedLOW see
plant. ee dr peculiar drcomsteaces to which the

10DIT STOCK BASIS AID LIAUTID
1.14.111L1TT.

(Prom ths Amumitt.)

We trust that the dm** ref the House of Cm
-
w. upon the seethe of Mr. Beedises, Is sot lo be repuded
se the bug °Mica either of the government or of parlia-
ment se to de propriety of pig Joint-dock bobs to
be oelehlitheil upsn the Wesel* dined athility. Indeed,
Err whet ha bola the Chencellor of the Bachequsr, as well
aun met of the speakers epee the mouton, the vote of
do lease urea rather be regarded es conveying en opinion
list the sal,* wee one which eeight well be included with
due which were to be referred to the Committee ea Haa-
b' sea Cenzoordel DWI*, then as Implying that the prte-
seat shin of the law with rested to joint-Nock bade le
• reftlahetney or dellindblo state. The Chancellor of the Es-
chequer teethed to • point which apposes to us to *men
the oily &Scully ha dealing with joint-stock beaks, ohm
the leer ea It et premed stands, as mere trading instiOntiens ;
sad the eceeideregon of which math adeseatay niter bite
the labours of the committee shout to be sepoint.d.
If joint-stock hanks coaled themselves to whet is strictly
understood es banking business only, there Wad be no ME-
CUM in applying the mane rule to *eau applies to all odor
caChsary trading companies. But so bag as they reseciete
with their ordinary braking beams, the in* ef beak
lobs, which hem to sooty districts the did theabllng
reethara, sad oolong Ns so *eta sr Wilma preemies is
blue kr the seourity d that portion of their liabilities, we
eft gnat allikalty in applylug way rule which *la sue have
eppeemas sf weekeeteplatiathrele utholipwild de
public now here to owed to the datintioes of watt beaks.
It is wasrally admit* lief there b toms distinction
between the croft which • beak enjoy. se a nem beak of
deposit, and that which it has ea • teak of in*, and in the
veld* which it holds to the two gums of Its auditors
seising out of these two breaches of its bathed. As • bank
of deposit, every cuteener la dealing with the out-
they, swam • bee choice end disadion. He opens
el meat* Irina he phases, sad closes it when be
pluses. Bs netricte end regulates his nensecticaa with
• tad is accordance with his own tree will, and It
to wittily open to him to make any coedit* be plume
epos whisk be is waling to matinee his ecamat. But it
coaaot be said that the neles-holders of a bank are in the
woo position. In rural district. for many a* road, the
adosaf • local bank often coostitete the only druid*
radium by which the busters of the country Is conducted;
tied though it is perfectly true that • shopkeeper in • vil-
lage, or • fanner at • fair, may refuse to accept country beak
mobs is pepnont, yet it is equally litte in pr**, that if
he dots so, he is left to the alternative oteleaing his shop,
or of dreg* lb edge Ueda uthald. In theory be has te-
tidos—ln met* he has none. But this Jo, it spume
to as to *shad • distinction between the quilt of • men
beak of deposit and that of • bath including the toga* of
Ira, so fur as the public at large I. concerned ; slthonah
so he as the beak itself is conorrned ea to the rules of its by-
Iseteel neugerenst, it is plain there ought to be no difference
tomogiani to to the two ammo of liabilitise, both betag
spathe weds a altheak sad both, thirster., equally re-.
Wring to be motes* bps staged meow.
While, therefore, we cal see co pound upon which the
public shall not be at perfect liberty to deg with bade, se
they would with any other *den, so long es the trees*.
tient are of that nature wb;cle stable every person to use
his own perfectly uncontrolled 11111 It treating them or not,
we oaaaot but recogaiet • di ' between the Meek*
of the public with , belga of &posit and teaks of lens.
Moreover, we beam it will be commonly felt that the the-
re* of the credit which should attach to bank no* which
thud* thee hand to hand, should be such as to Mod to
the public the greaten powdble security for their al**
papaw as wen se for their pee* ounuetitaity. bided,
it must be obvious that ft if for the true lumen of tanks
thesualvb that, if peed*, thole one circulation should be
pieced upon such • footing that nodiscroditehodd, men in
Moult times, attach to it. Ponies end comment rani
upon becks often, If not usually, begin with nothholders,
and emend afterwards, only as • consequence, to depothoes.
We therefore trust Asa .11insphe Imell ^melted* so sr
of the results of the committee, to suggest meths by which
a practical distinction may be rude between deposits end
issue, and by which the latter may he under say Mum-
*nose secured.

If such • result ossa be an :red at by the committee, then
It will be impossible to suggest any ground upon which •
distiatket should be allowed to continue between the law
as It applies to joint-stock hanks and other joint-stock com-
panies for other objects. It has, indeed, been said that a
bank deals with the money of otharA, while • company for en
object of trade deals with its own capital. This ground of
distinction is, 'weever, more plausible than real. The ques-
tion of limited or unlimited liability attaches alone to the
supposition that a company con trade debts end deals upon
wait. And it will be found in thie view of the am very
difficult indeed to distinguish between the roomy hat to a
baubles company and the goods sold to • trading company.
Both equally are credits given. It Ilea, indeed, teen as-
sisted that in the case of banks the lieMlity should not be
limited to the actual amount of the capital, but to twice the
amount, as in the case of colenbil tanks. This we believe
to be a sound principle, but it is equally sound in relation to
trading companies as it is in relation to kinking companies;
Wall cares it would sec= a reserve beyond the fonds actually
embarked in the company to inset unfasten lames, whether
the results of accident or of bed management.
That the pi inciple of limited liability would ensure a better
ekes of shareholders end • better clam of directon—that it

wad& neassaMly tend toe greater caution on the part of the
palls deslisg with banks, and thus mime a more circum-
vent management—that in the event even of the failure of •
beak, the creditors would be more secure with • claim against
shereholders which should be limited in proportion W ths
number of the sham held, rather than entirely unlimited
except by the means of each—we believe to be no longer in
the public mind matters of doubt. Experience has too often
suggeeted the fact, that in such came unlimited liability in
theory is no liability at all in practice; and at least has
&DIM that the proms of enforcing the one is infinitely more
difficult and protracted than the other ; and lastly, there can
be no doubt that in winding-up the Mae of • company with
unlimited liability there usually arise ems of the 'naiad
tajtistice as between the minas themeless.