The Express.
London, England, 1868-01-30 00:00:00

MADRID, JAS. 29.

444

...... -.-—. ___ _ _ _ .
COMMERCIAL MORALITY dIID CREDIT. meats of the bankruptcy end soniessent laws, we went
---- • dearer delition ei • mem Mori araininery for penteli-
Yesterday afternoon a special meeting of the WS nniti=ntiou of fonds end Wowing of Rune end if
neemben of the Liverpool Chamber of Commerce was held throwing en iisdivideak the bindle=
in the cannel room of the chamber, for the pumices Vioilifhwcwilli Rabbi liwoonftWon Mlles to dew WEB
of "eoerelaring the 'abject of the bankruptcy laws, and ec wadawie la • MaTEN•r lletßasaMaa. wish sa Windom al
of other laws bearing upon oommerein morale and Ei'd°ffeaw inffn•thaths° "ffm'atwbme 'INT 41° °lt
=with • view ot istenng whether it de or be not wincoonte is •• fehuheed and a By pankhing er at
t for the ehamber to take stem to
procuring l'w•mboadauetterklmowattplamigogommoll°°.°°" ogSbrooocadmint ]lakes
their mendassat." The
elased= vas called in comnlissise
with „modem preeessodooldr. 0. 0. Boothia, tIM pe
. weal& be shined, sad Womb so Soul drat the mew
fasten of ecoseneedetise slindlem MAW
dal" me the cilluthum' bY 52 `ll the itudiwg biakagi. , ......61 inflation. Tborerrelge tie
merehants, brokers, and shipowners of the town.
There was • very numerous attendance, the room being ! I=ll4 :edits's
praissasend gamd= ere awash
gain fall.
Mr. Broom, the secretary of the chamber, having read dowind ti sdnerlws"°.° inPli°l sm st°18"8":18.411.11°°°
th *mien teem their dukes • tidies. vales. If • man
egrrtilmigge. the preddeut, who occupied the ' Ismael& name to kiss eat • coonpany which he does not
°hair, said there wow as they all knew, mimes of =PUY, but helm to palm off ott Where lees well.
thought and action to which no laws, however ingeniously or clever than he is, he is gabby of an act baser
donee& could follow. Those, however, did not coma within add more iniwiwn Ilea the mail wile Rams • %WE
their amokimation. What the chamber had to do was . bank sot.; We ono WNW that whba nastier bon, bin
mods mom p
ertain They hod to „whim the the dishonest was who Rests a babble, me= not ally
=s of certain laws which were framed to 1 stale whntratemratoffulre headset 'flea -- him with
seaunerekl credit and morality, and to , • """°! fat sulk wide be his been sasured
cistsembe whether their Influence TM injurious or other. Ind believes la WORE he regedned, and which he
ofee. The importance of a prayer smarm to the queetket 1 canon meet. The laansusaw ea it roc
freadsokaills,
uhitsairsomtisibwas
model net be overrated. It was their duty to see that seek ' shim" gives • legal
Lay Winn they mowed maw tar the unfortunate die liadlitfr end diwww°d• a cwt valuable Prf°dldn• I have
foam., mole it a mercy emecoleg Neon. The mime nosetkimed mans et the evils which have Imogene proud-
,/ tedo dauber kod bee iNsigoi k, .... rem fa me mot reeently. It would be premature to enter on sag-
thoefemebe of chew mei. whim „pros um roopoofe =lernedas, for before doing so they should be con-
Bill as perhaps the van hen emir .. by • committee el throe with the =primes d
+l.• •• • . b, bsoh
sirnelhaew lower's.
s- • .• prove t, an. they •,". ''• .4" ' •-• • •
that their, mromtioue „em midst. the pooehg„midamo. a net of men of whom she may well be proud and to
than of her gLjestgie government. It yes min ups or whom we can turn with eseitlesine for aid. I bops I haw
that meeting so suggest
further dterotkoe. which the not trespassed unduly on your pillows. I repent, on the
chamber would take care were duly laid before the govern- character
.and. honour oftha commercial community of
went. The council was of opinioa that while they would • commerctai nation, the meow, ty, and greatness
sot be behindhand in the protection of the creditor, the of the whole nation most With • view of um
Sam of the present state of trade would not be reached holding these I beg leave to ore the resolution.
The resolution was byseconded Mr. Sronearuer.
until the principle, acknowledging that it wee prima -
,back • mime to be enable to pay one's debts, and that the MT. BERNARD:num thought that the leaving of • debtor
Batik to his creditor would have • very salutary affect.
burden of proving innocence in certain cams should rat .
en the insolvent, was introduced into the law, and, im hawThOf• was a mat. smil__,,bm Smiumee."" M°49rocricieLadvertsemw:duliad
deed, made the foundatiou of it. (Cheers.) DO compromises valid
Mr. WN. BATHDOICR. jun., then moved the first resole- the Lelia' Gaxi2e• He also eeneeter that a term of
Non.., That the requisition be referred to • special nem wo,, say seven, should be decreed during which the
mitten, with instructions to consider the subject of
the bankruptcy laws and of other laws bearing neon should he liable to creditor. The present state of
the law :asurizbelwthathfis
books,trader attend
00fmea.ritosit
again de
ate
oornmemial audit and morality, and to report to the This was the cause of much of the commercial
council what amendments are desirable therein." He mid, °°‘°.
if this resolution is accepted by the chamber, I shall pro- mm°mmiitY•
=tat the committee should be composed partly Mr. Criss. HOLLAND contended that the present bank-
if
laf•w was sofreinmedonafthatt it
Tdresto.rtm,mclieetfitte req.fibukeit;
, merchants, and brokers, and parlly of the I-4
kg Benetton of the town. I have no wish to condemn im way
tribnn:k commercial
o ommerce was kr superior to our 0;11. The
dividuals. The wreck of reputations of the last two - . . at,
creditors were mama owe in possession of the debtor's
years =tort, I think, take away the disposition to judge
harshly ; at the same time it must make us feel estate, and he himself was handed over to • civil tribunal,
the deepest anxiety for the sake of the honour of ,hi!mt in the event of misconduct, had the power of in-
tim elms to which we belong, and for the welfare j°nni tremendous penalties. It something of this
d our country, to diminish the danger of a recarrenoe of knd that they shoudeme at the hands of the British
the temptations of that period-to make more clear the
path of right and honour. There is no doubt that the go.,...;iirc..R.nsiderA. Mthaeorigasasutgassoftedshtelisepartthneezzipmuitte
inehtboueldir
enormous profits which followed the breaking out of the '"''
lack of therequirements of publicity and equity. A man
ar Amnia= w added greatly to the temptatioa to over. mli. . req
nt now arrange to leave his business and to take
tracing and extravagance which periodically recurs with
of ose very much from the s
times of oommemial prosperity, and that avoid beim 19-20ths of the profit without any liability.
his. C. BUSHELL thought that the great evils from
led away it required very deer and definite to
principles. I which h they were suffering knee
think also we must be very careful not to ilk:ream the private arrangements land of concealment of rupt
eravatinygetbdapi.e eautmotioeowmestanmercialuibmiirmOPisianrality. by
issaveime estates. iff • he'll The bankruptcy law they wanted
.„„ ..„431„,„fim•.„--, was one of which they would be willing to avail them-
thatahr lbeerinceptthieeari°;Peradit°.tinteatighwteWeleabak '''ae to lament, enor-- selves in all eases, instead of putting the law aside and
rendering it inoperative, woo Dowse often the mos. Such
moat trade done in this port without even the security laws should be simplemia their operation and true in
of • written contract, we shall feel that such criminal acts the. action,
giving so the creditor the metes, .....Ne
eviwamee,,,,eca very
v,,,,m1„. email Clw,vrti,Uus .tuirhitsm honest where
„.iv a speierd in the realising of what estate might remain," and
Tia-t,-whilsulmi-ttiog all Icis, with
m-ust -n-o-t-Inse"--4ht, to the debtor release or punishment in accordance with
of the fact that in the recent crisis these departures from the_ chaise_ ter of this transaction. Alluding to the gam-
rectitude have become more common ;that receintlyanthz me oht.„,ch- , Mr. Bushell said that of the
of prublen the gambler on the
have been committed by men whose position has in Zia) was the best, because, at all events, he
grievously the effect of their bad example, and whose acts,
staked his coney , and if he lost it paid ;bat the gambler
wawa protested against, wmwimi almost •••°' to deprive on the tier, oh be might make a fortune of •
commercial dishonesty of the stigma and shame which ~„... .
drat t *wend if he won, could not pay a penny if be
have hitherto attached to it. If either private friendship °'""
lost the gime. (Cheers.) What they wanted wee laws
or the somewhat uncertain state of law and opinion
which, whilst relieving the poor and honest, though an.
make °I Unwillingto visit these°2"mwm with tarnish" fortunate, would put down for ever, and clip for ever the
meat proportionate to the evil and suffering w they wi gsof the men who was guilty of fraud and deeep-
muss, and to the disgrace which they indict ea our @lns .‘„,°. (chsem.)
and community, if we feel, moreover, that extravagance no
The resolution was then put and earned neanimetudy.
living and imprudence in commercial undertakings Mr. HAMILTON (Brows Shipley. and Co.) moved-
have not been confined to • few, then it is " That the special committee be composed of the follow•
wore than ever inmu udwut on um wm ma" °l•um Um° • member. of the Chamber:-Manna Deitch. Clark,
law of the land and the standard 01 CIONSMINIANINI
..p.g P. ogerod, Leesport, J. H. Name, moth. P. R.
opinion, and to leave no doubtful ground " Rathbone W. Rathbone, jun., sad C. E. Rawlins,
which weak judgments or weak wills can make the first an-
,„.,.. teethe 'with the following songless, and Mr. H. W.
war, step tetrad+ evil. Very few me,° win. „ _,...delibmsv,7,..*' Dannerr(accountanti-Meesn. Lase Hansa°, Squarey,
do wrong clearly pertelvint it, at toe
here were
e.,......,..: hien* Hull, Jaycees. and Thommi4." Mr. Hamilton
wrong ; and if law and pit to OffloA•ret WE° '''''-- said what was wanted was 1.0A16 efficient law marking out
clearly defined as to what can and what MAO* be done she distinction between right and wrong, and to act open
by an honest row, we should not have to look Ilia Pc . thme. distinctions. He held that any man entering into
leech periods of madness and shame as we have goner ..„,„.....ualone beyond • fair and reasonable prospect of
through remedy. It is not may to overstate the import- 'T„c„... el Op lases that could fall upon hint room
woe to England of the conduct of the trading community -7,:,-,.... great .„ gat 0( bond as if be put his hurt OM
during the next few years, or the serious consequences M0207r-a;;;27:17.-sod etas his puree.
which mutt now ensue from `a detemiemmti" in 15mitimb another F. Bra ;marked that ekog es Ozer could
commercial morality and Brie credit. During the last mingle up in one court the assets and the question of
twentityzatre free trade and the gold discoveries,
pratineals
~ conduct they could never have a satisfactory administra.
and te hs, have combined to make trade exce ' tie* of the bankruptcy law ; bet if they proceeded Sc
profitable, t erezza long the extraordinary effect of
„,,,, form • court which should have the sole right to &delude•
rchiseeraramerfwilp petiole'. havewi riepellitaed onif'wThbethe trate:: use her the estate and have • power vested in the court itself,
in • public prosecutor to put in force the criminal law
wisely the great opportunities, or yield weakly to the 71 the country against a man who had committed an
gran temptations, which such piespenty brings with it.
If we nee the remaining each
of prosperity to make mare *linos against the existing act they would then be able
secure the foundations of ritish credit ; Ifthe mercantile t° "t the view. which bad been "Iwwwwl swdaY*
The resolution was then pot and carried unannously.
class combine simplicity of living with prudence in cm- A vose of shams. to she chairman mia peceied ors the
mercial undeitakinss, and the working clause raise them- ' motion of Mr. T. Brwcie, who said that the depression in
selves to • more independent position by frugality and ' the cotton trade had been so great snd so sudden that
self-control, the country may rise to a pitch of prosperity, many men of character and integrity had bees ruined.
fame, and happiness, of which there is se yet no ex- The oning then nosed.
I ample ; but if - the mercantile community are led by
such prosperity into a course of extravagance, gambling,
1 and consequent dishonesty-if the workmen spend LORD Dona AND THE BRISTOL CONSZRTATIVE
their increased wages in drunkenness and idleness, WORMING MEN.-Ate of the Couserrative Work-
it requires only an ordinary knowledge of history and Ing Men's Association at Bristol, co Tuesday night, the
the laws of trade to foresee the inevitable remits chairman said he was spookily charged by Lord Stanley
-an impoverished, dishonoured mercantile clam-this to express to the members of that association his best
country no longer the centre of credit and of trade, be- I thanks for the kind and tlatterieg meaner in
an which se
tero H
l
cause no lo er trustworthy or trueted, and • pauperised 'of them had amenibied to present to him address. e
and demoralised turbulent working class, using their j read • reply to the address, which had been received from
political lower to extract from the diminishing wealth of ! the Earl of Derby, as follows :-" Knowsley, January 27,
the country • wretched and degrading sustenance, indeed ; 18iiii.-Sir,-I am desired b the Earl of Derby, in
of the ample, rewards of honest labour. The choice be. acknowledging the receipt of tire admen from the Bristol
tween • state of things so desirable and one so on I Working Men's Conservative Association, signed by your.
now lies primarily with the mercantile clam of she country. i self and the axiimittee, and forwarded to him by Lord
The effect of commercial imprudence on the working Stanley, to state his high tense of the honour whit& you
claims has not received the consideration it deserves. We have mannerun him, and his gratitude for your appro.
cannot be surprised that the rapid changes from low elation of th in which the business of the country
wages to extravagant wages and from the latter his been conducted by himself and his colicernes, wpm
to total absence of employment-the inevitable chilly with= their Walks with the question of
consequence of wild speculation and subsequent revel- • reform in t and foreign affairs. Lord Derby fur-
sion-shauld demoralise the working man ; for our own titer desires to express his satisfaction at the cordial sym-
class, with superior education and advantages, have been ' pathy extended to her Majesty's servants in their endea-
guilty, under similar temptation, of wasteful extravagance TOUTS to put down the treasonable Fenian conspiracy, sad
and mit-indulgence. Had the mercantile class carried on be town also the several measures about to be submitted
their work with prudence and forethought, wages would ' to the wisdom ot parliament may man with your sp-
not for a short time have been unnaturally high, nor would morn -I have the honour to be, W., BARRINGTON.
there have been such dearth of employment now. The rise ; THE CiovnaNusirr GRANT TO VOLUNTEIRS.---
in wages would Wive been more Endue' and permanent ; ' A Waroelos circular has been issued to officers commend-
the working man would not have been subjected ins volunteer corps relative to the future dirtribution of
to • sudden flush of rot perity out of proportion to the government grant. Under the mend system • can-
Lis habits or expeoe, bet would haw been tuanelant of • corps cannot get repayment from his adju.
gradually educated to the possession of increased means tent of the most trivial sum without famishing duplicate
of matfett and independence. lf, tempted vouchers and witboat endorsees every each voucher as
to ocer4Peoulation _and embalm. weeKula but being approved for payment, with the amount written in
"tan° the ds°2°Tnnwta° and wretchedness which words and the date. The great inconvenience attached to
must be their inevitable consequence among the poor, few this method, and the imams° amount of uone
c
scald be so heartless and wicked as to yield to thetempta- Lbw; throws on • ommiaactiog offiesr, ase all now baldb
Non. _lf we are not willing to be • party to the dewy de remedied by the following simple and most satkfactory
ow nalaaa",
__.,bonon" and PreePerhYt ,lat _lll see what we method. Each corps is to have a finance committee of
can Pcoconno7 do to prevent such ollenuunk low aware three, beside the aommandihic officer, to whom, on the
as Ist
that law cannot make men honourable ; caniecienee of April in each year, or as near theretopossible, the
and public opinion can do much more than law. But bad whole og the government great Gerund by the carps to the
or inefilcient laws do enormous evil ; they help to misled Ist of December previous will be issued in one sum, and
public minion and conscience. If Lee pretend to clink- no account of the expenditure of mob grant will be re-
mush end punish what is fraudulent. if they lead men to guinea by the Waroftce. Travelling allowances to out-
rely on them for protection and gunwale, and fall to pro- lying ewes will be still made. and commanding alert
test or guide, they increase instead of prevent dishonesty viii e allowed to distribute it at discretion. (limp swum
and frond. At remit. Pertly owing to defects in the moot may also be paid for oat ef the capitation grant, sub-
laws. partly to gnat of efficient machinery jut to articles 110 and 111 of volunteer regulations, which
for arcing them, some of the worst forms merely require that the sanction of the lord lieutenant
of commercial dishonesty practically maps should be obtained for the form
if names
ation of • camp. The air-
criminal penalties, t h the), are infinitely more inju. emmy just famed provides that any oom.mng
rtonarriablio interests the minor thefts which the dull wish to keep on with the old system they may do six
law es so severely. Km general immune that law i NATIONAL BANE OF LITRRPOOL (LIMiTED).-The
Quash" crimes in Fro° to the • - wwolwwn• they half-yearly meeting °I the shareholders of this bank was
millet on society, and they find certain crimes go wino' held yesterday, Mr. Alfred Tuner in the chair. Amongst
ed nish they are too apt to under.estimate both tied: meal ' those ream were Hi. S. R. Grad[..p.. xf. Harvey
guilt and the evils they produce. Comeliest:es beano ewe 'Lewis, H.P., Sir Joseph m.gfee,, ILL geekaw,
fused, and a false established in the rialto mind. I nee, Warden of therehmougem, Company ; Lidermeo
Ought we net, therefore, to demand that the kw shade Term of Dumus. and ohm geodemeo from mgemus
y mark the sense the date entertain dthe I perm ei aka ..marii. Teo dimwit. wee mccon,
Sielrlif criminality atteohing to commercial TISIMIR? But ' mead, .A.uted-- -ma o dividend of 54 metat declared
if
*7,„in punishing eewetereiel fraud la isilda".______,Waai 1 for the At • special meeting which followed
are... we ." 16/..._e_"*. ''lr.._._,_witish._____l6°P„La t._ ..___,Pg°4l4"•""`"''' I the general one, resolutions were passed to rodeos the
offenders an war Wawa.- lam the aaassaa 011111011011110011 1 shares of the hams from foe. we, with ief. Ida. be 515/.
of imprudence or hand ? It would be Alban fir I each. with ix paid. A vote of thank' wig ales
inv.' eo
legal ingenuity to invest lams whose WAWA eagles am Kr. ff. B. Grave, M.P., one of the dime." fsshis mic.
better ealeulased e° emelt! hafalgiewee and ea Wfdi woeful exertions in peeseelog the wising ri um °am-
end discourage honest pelmet ending, than tliernm... panics Act of IHr. -V egghane Wife ales passed le
laws 01 hash-Tanta),
an4=Latal meads motanwids• Mr. IL B. Hyde, tlisdhe Ohm seems et The bRA.
It is a ai=t° t° bl°.=.4 th.°P° sad IlhAtam manning, SW DV BMWS% Fels to TIM
bit the r unaltereidiat mast Prolgaltra we gnmeon, nemesdarp.l=eidendl allit'
shield ese man who have failed living in Usury, while est comma, m
their auditors pinch nod share. People scuesehnes speak Matthew. eleitaitialit% '
el the lawless merit Area. It ore would have the we flaegemesers. mai%
respletsd, they ninths Wet sad equal-laws which lOW Mtese. ...i.-‘llbm. . • %Int rs„,, .7,2
~..gt=t. =..... re. more than we raffelfal am see Goe-fgaseremeeffe,.....Themb„, flu N.
, on.
sat it gather _ #taii!hgegegg wan le et" "gem f age. • Ma. sea. sr M. mgr seset-De smt_Oe,r. Repne
for shaft epeeist maremerama,wame whom wisdom& . Isod=sit=rpswom sad
aa(rtemany, mid ea
thefts sad lagrafignees haw mused wide-spread ; 4, ams=emsou'llei. OWeedelsam.
should go naponidmil. Again, in addition to the a= fad slingsalaglideheraga-4