Northern Times.
Liverpool, Merseyside, England, 1859-02-16 00:00:00

THE NORTHERN TIMES, WEDNESDAY, FEBRUARY IG, 1859

As it was "thick weather; with continued snow-storms,
• Captain M` Master shaped his course so as to give the
Cape a wide berth.' All went well up to nine o'clock,
when we wore alarmed in the saloon by the cry of ' Star-
board ! Hard a-starboard !'" given by the officer on duty,
Then followed a violent shock that threw us to the floor.
A moment of extreme anxiety and terror succeeded. The
lashings of the boats were cut away, and the boats pro-
visioned and lowered: in five minutes, and their crews told
off to meet the emergency: In the meantime the machin-
ery was reversed, and we moved slowly astern. This was
the critical moment—for we: expected the ship to sink in
deep water. As soon as the • excitement had somewhat
sub Sided, I proceeded. on deck, and could just discern
through the haze and snow the precipitous coast on which
we had struck. All around use were frantic passengers,
rushing to and fro; life-belts in hand, and appaxently
undecided whether to leap overboard or not. No one
slept 'that awful night. At last the morning arrived, and.
we found the crew. hard at work pumping ; the bowsprit
was gone, and there was an immense hole extending from
just above the watermark to the very keel, a distance
from fifteen to twenty feet (this we could perceive as the'
vessel was lifted at the bows by the heavy sea). The
hole was large enough, as one of the sailors expressed it,
for an omnibus to .drive through.' The first compart-
ment —the,ship being constructed in eight -was full of
water, some thirty tons or more, while the second was
gradually filling, as sonic of the rivets dividing the first
from the Second were displaced by the force, of the .shOck.
The passengers were divided into, gangs for the pumps,
and we all took •a' turn every alternate four hours. At
times we would gain on the water, while at others it
would gain three feet or more in a couple of hours.
Seein,,m. ()Ur ' dangerous condition, Captain M‘Master deter-
mined tohear .:for - St: John's,. Newfoundland, but •an
adverse wind arose; that baffled all'hope, of reaching that
port, so we made for Halifax, Nova Scotia, a distance of
400 miles, the pumps constantly at play. - To add, to
our misfortunes the cold was intense.. The vessel Was coated
with ice. Ropes an inch in thickness swelled to a diame-
ter of two and three inches. On the fourth day of our
troubles, January 4th., our eyes were' gladdened by the
sight .of land, and shortly after mid-day we anchored in
esws,asproesuerneheigohf
atip7prhecairabtoicumr ofofeaipitaaliinfaxM:Ain'ste. r's Suchcooln
mind, and seamanship, that before leaving the ship, we
presented him with a complimentary address, signed by
all the passengers."— .3f9rning Star.
THE BOROUGH BANK. —The application made a . short
time since at the Rolls Court, for an order to inspec' the
books of the 'Liverpool Borough Bank, was renewed
Mr.' Wright, of the firm of Wright and Venn, solicitors,
Paper buildings, 'Temple. • 31r. .Field, of the firm of Field
and Roscoe, Lincoln's inn, appeared on behalf of the liqui-
dators: When the previous application was made, Mr.
Buckley, who was acting in the place of Mr. Whiting, the
chief-clerk of the master of the rolls, suggested that some
arrangement-should be come to between the parties.
Acting on this suggestion, the following propositions. were
'submitted from the liquidators: That, with a view to
prevent injury to the liquidation, and • the disclosure of
the private accounts and affairs of the customers of the
bank, the . solicitors be instructed' to submit to the
court, on the hearing, of the application of Mr. John
Bramley-Moore for -an inspection, of the books and
accounts of the bank, that, in the opinion of the
liquidators,i such inspection should only be allowed sub,
ject to. the following 'restrictions :—That .the same shall

be made only by an accountant appointed by and at the
expense of the applicant ; such accountant to be approved
by the liquidators; and specially named in the order.
That only the nominal' accounts in the books of the
bank, and such personal accounts as have resulted in
losses, and are either finally closed or only open for

the receipt of such dividends or compositions as. may be
payable under the bankruptcy of the debtors, or under
.1111(1 n•••••nwa nr• f n A 11, til 1,111 with thpir

creditors, shall he open to inspection. That the personal
accounts of the customers of the bank which are closed,
and upon which no losses have arisen, and all such as are.
still open and in liquidation, except as above mentioned,
shall not bo inspected. That the minute book of the
managing committee, which contains entries of the deal-
ings of the bank with its customers, shall not be inspected.
That the objects of the inspection and examina-
tion be defined in the order, and the inspection and ex.;

amination limited to such objects." The counter propo-
sitions submitted on behalf of Mr. J. B. Moore, who is
acting as the representative of a number of shareholders
in the Borongh Bank, were as follows: " That the same
(inspection) shall be.made only by an accountant appointed
by and at the expense of the applicant, such accountant
to be approved by the court, and specially named in the
order. That all the accounts in the books of the bank
shall be open to inspection, save the personal accounts of
the customers of the bank which are closed, and upon
which •no losses have arisen; and all such as are still
open and in liquidation. That all the minute books
of the managing committee and th,l directors shall
be open to inspection, save those of the managing
directors, which had never been laid before any
meeting of directors." Both propositions were laid
before the chief clerk yesterday, and it was intimated
that an agreement had been come to that Mr. T.
G. Dixon,. of Edinburgh, should be the accountant
appointed to examine-the- books of •the bank on the part
of the shareholders whom Mr. Moore • represents. After
hearing the arguments advanced by the leartied.gantle-
men engaged in the case,. Mr. Whiting said, it appeared
to him that to carry this out properly, without reference
to the design of the shareholders and the concessions in-.
tended to be:Made by the liquidatorors, the accountant
should' subscribe the declaration in the 58th clause of
the deed of settlbnient, and make the necessary report ; but
instead of making 'the report to a' committee of share-
holders, anything which the aciountant•desired to com-
municate should be communicated to him (Mr. Whiting),
reserving it for the court to say what should or should
not he communicated to the committee of shareholders.
He suggested that, with' a view to this, it should be left
to him to make an order which he hoped would meet
the views of both parties, and he named two o'clock
this day as the time when the order-would be submitted
for the consideration of the gentlemen concerned.