The Sun.
London, England, 1855-06-15 00:00:00

BANKRUPTCY OF MKSSBS. STRAEIAN
AND CO.

Revelations are are taking place with regard to the affairsch
of the banking-house of Strahan, Paul, and Bates
whack
are likely to put their case before the public as one of
the worst upon record. The amount of theirlities,
instead of being 350,0001. or 400,0001.,
sented on Saturday, are now admitted by them to be
far greater, and to range at least between 500,000/. and
700,0001. They also admit that the prospects of their
as waseprecreditors are as bad as possible. At the same time, their
statements regarding the amount to which they have be-
come involved with certain contractors for Italian rail-
ways are inadequate to explain this tremendous de-
ficiency, the utmost extent of their immediate lia-
bilities on that account being believed to In) 180,0001. f
000/.
although this sum is nominally increased to 350,
by commitments in the shape of guarantees. There
is consequently every reason to fear that for a long
period the house has been existing upon the property of
those who have confided in them, and that the railwaY
iTpeculations were merely a desperate throw to retard a
final break up, or to lose all. Among the banking in-
terestin the city the house has been believed. for years
to be one that was gradually dying out, and it Wears
even now that they have ne creditors there, excePt
enougs i
e
,5
few persons who have recently been incautious
to take some of their acceptances, which, it seem
have been attempted to be circulated in Beyedris,
quarters within the last lave weeks at 7 131. cost;..rt is
count, or any other rate that could be obtained. 4-... t
among rohlemen and wealthy commoners at the 14.,e;
end that the disaster will be chiefly felt ; and the 13°14
ners acknoWledge one case in which, at the tireoe_u
their stoppage, they Leld 40,000/. to the credit. 1 a
drawing account. Other communications are trientts„ea_
which leave no doubt that when a full examination . .f:
place instances of cruel hardship will transpire stic!l_.l
have rarely been exceeded. With regard to the r 7
being kept open and payments nnade during the whole of
Saturday, when on Friday night i.'„' had been aseeZno,
that its existence could under no circumstances " ,f 50,.
longed beyond another day, it appears that no ehlefere
tion is attempted, and the indignation is„t t open
general. Every day that the bank has been l'ell'afe in-
during the past year or two must, however' iats of
emand that the investigation
volved an equally deliberate violation of the 'brio will
alld patties. Under such circumstances thejou kruptcy
in the
eearching
Court should be of the strictest and 0105"-had been
character, although it is inferred that the fiat an effort
will consequently be made to secure a chcies,
obtained through a friendly channel, and til'' ssiguees
Ufadealt with.
individual partner reports vat
whichA may prevent the case being v4crclu,sl:, 4 by each
4to the share of responsibility to from su''3lttte fact that
()and, from
al
cause 0
each one in turn is mentioned as; the ,Pri,incitilhat all COs
the mischief, it may be assumed, perua'P' 1 sir John
compromised in a like degree. In the cart% estates is
said
dul the circumstance that the entail oi 11100strued ea
to have been already cut off may be cilia he hl
a favourable feature, since it • he bass-
unreservedly included himself in the ruM - .0u coin;
to °tilers. The firm were connected vvith varei _ ginrs,
would shin - mosea
panies, Sir John being governor of the Coil.rsseers
Association, and chairman of the Railway ,i:iroae of
tt oh the
dNdan '
Assurance Company, while Mr. Bates was c 1 necessal
{sate A:ener ia
thuartatnhde Lfeieegliehgßeaxilewitaeyd.
hlyteivsesrycarcelY
~„ of the
case derives additional intensity. from the man been
been
which the attention of men of business has recet:o"ection
excited by the unlooked-for developenaente i,?°,tes
with the affairs of Davidson and Gorden."—'11- '

--...-cormirtselel° Off, PIS'
v! .
REDUCTION OF THE RA is 's ND
zy Tirass-e. •
COUNT BY THE BANK OF -u-
a tbe
rate
ehoef Bank of Englandfr bwavheicurcidtliscsed stn
°°"a
0m—...------piryeseteenrdt.yat
since the 3d of May to a& per cent. to OA
3 to
The measure had been so completely antieiP 5 isd
instead of causing any advance in the funds, it 1:1:cho be.a,
realisations on the part of several speculatot.rosof „ soak'
recently made purchases under the convic lei_ It'll° pro:
occur. For a few days during the past w ‘..sFeeisee
bability of gold being required to be sent to ea_ret,s tee:
to render a temporassy delay probable, but a relLsge 136'
dgeunoctaytitoonsanreiemeipvreodOsy,mmeintetrdainy.the French fired bathe
the
sincetime,
redl nbd
ullas
successes
inratahbdleee
4 per cent. Would probabiv be maintainobisosstirtY
aspectmtpthheueerc mßzh eaoiennnot
kflf.e
money
affairs,
influence.
fnntacahirerek. s ,
ctitficheoesenstsfewead3vaiositsnuel f, and i s further
ivb 0
occurred
as thethhA:ctihthga thought
hi
bare the
tt
l'irnh,°b:o 1:3);it:elil
and caused
Atpe:ttriv/c,oe4ecetn°'t33,:ebtei 3onnilive r 10:,
neveref Whenat•ndtshd.eetshAereeesnds
durueep:;peiaol supply :a
ini3;yl:bnuse°Yagid ''''o
tei
akvbte
utwd:ei it:7cl
being underbid by the other establishallota 'i'sog the
present case the general rates already Pl' ,cessitY their
them are sufficiently low to prevent the 116 s sso eli tisie
movement being met by any further 67' 8000 bs.
part. Paper of a choice description hag for qle Pr° a
been freely negotiated at 3 per cent., aq cis's a 6tattlse
bwiilliltybeisintandaet,
awtittlahastommeteo.ccaTshioenallosetne)
eriod ' os be
Bank rate of discount was as low as 31Per besief coy
tween June and September, 1853. Tbe „1 u to
rlsaaarnmizggeeeordirbobyiAentmtzw,
oerbesenuottlh:at,ni
1T0e0H20,,0 00 1. and 18,00 0 , 0 ° 1-11); 0 1 gnat tf 1$
sols were about 98. The bullion is new °Toloei,
---------------Bat.A.cLremSoOrnGe' fa Bi
°:::: f°r
esterday the seconal°Q
1 thlre season, Was heldlU LOof°r thin :Dos. of
o:27lV;°il63B:cdPillif'ge:llfic"°f'-'lo.tetY
LB
I-
-gga Tl'd :I.!, '95:::1 /3t;:l3P 1 liteela
ihaving come to the conclusion, from the te„ch-essbfe" tost
arity of these gardens, and the facility w""sooll5' k-h
'l'
can be reached from every part of the display of 'eslf
they formed a more eligible area for the disPic'poiehl'ing
flowers than their usual place of ex'aibitieh:bit d, nit of.
the beauty and variety of the flowers Ohl f°3o3,4_,,7tise,
could be more successful than the sbenj's Ors PIP
The heaths and pelargoniums were esPee'3.', mould
1",3 be
and on one rose tree we counted oe nia%robin'id be
struggledesired,Altogether,during
meets against his atmospheric foe, an",.is este-1'144"W
t e novelties he hag s • the sbaP eev, 1. roe
the whole of the prereint 5 eailisetv eir;
in ro ucs ind 0. becc
bwehenichcomheparbaatsivemiyaigneohreA::
bctif;te.„;dietsh
more favourable circumstances, 0,1 rns''s,ondoe- a the
the talk of all the pleasure-seekers 0, diaces, all, Be,
its tasteful gardens, its fanciful veoede,tcre offereti "4ise
various amusements of every kind that id al
entelt-ebris
public, Oremorne, as a result of la, b' by
,I;°' to of
is little short of marvellous. A flyelos bV 5 ai'Pdolhi.
liantly put upon a small stage,and 111°•r than in take'L°P pie"
grotesque talent more common in Faris oncert pier
performed in a commodious theatre P. 6 c
space for the ger
by daylight ; a large circus affords srios ands Dole
ciees of a most efficient troop of eglietiwes, and three
nests, including the celebrated Er-arnort fr°113,05
Wheale" of facetious notorietY ; in sere is sole s -so
o'clock in the afternoon till nighmidsteads persoe "_ts,
perpetually going on, so that
~individsslgwacci
retire home early, and the " fsstrr their hirlse;e3ePt
the eeka."of pro
come late, are sure to find plenty. o
performs. In one single
it is hard to limit the functions'
urbich uiet `tea
eta for
menade, a respectable family r
1 for those sttPl/8,1,009, i`
regular dinners—not merely .or . dasoiee* sellifr
form an item of recreation—a gigantic brie,' *, of
fortune-telling,-' besides' au Jor •
theatre, an amphitheatre ; aloe, innthe 110 e,
ing point for those various diversion:r.,l sfieforior,
day it is ,_Tarciden, a to
obicii
rifle-shooting, American ,meetbowling' 1 be-ferf ipt 0
tion of taste and talnt. It would be bo drat ''•
the sort of pleasure, substantial or frivolous'
&c., which seem to hard
to pe a 001
to be found at Crenoer 0
,r Ti' 's
lit
THE CAPTURE or to
-----'---- oand the fieeltee ° f
The following. iw from a sailor on b it is girt tore °
former master in the county'of Cork. r tb° 1 rif°
a Russian document, picked tip afte
orociaosir,,,
Kertch, and sent home as a " trophy day `2.5----sio °II
of that memorable exploit :—" Kertch, se ess 0g d tb°
You will see by the above headine- that "„ter 1'3'03
the expedition I referred to in the'last leboert reis ell mli
honour to write to you. Genera
CaeracissefWisriles
his command early this month. and the
_hippie:ills; iti,vs
taken ; off we went-again with 54 We
of :`, 0„, 'woo'
and small, with 20,000 troops. We 1:11 ri the to dig' 11l
Turks. We arrived here and disembarke‘' ° bore of Or
birthday, the 24th. It took us only three ove,rhs nliv
embark. No sooner had we lande loh"ssa ''': isere,
shipp:ng, which kept up a continual fire, fisageootsot!
sion to burn, sink, and destroy been. woe 0 0 00;
ran ones, too—their i'llos viastresteu•
were taken, the village set on fire. The Ptisiealrerettill'
continual blaze. The Russian army, on erci' seeo P io th:
as fast as they could, but our ships shelLe. riders seoer
I saw many horses running without tbeir
land she
....)013
retreat. I was on shore assisting te a,f3,00- oar
The same General, &c., commands (i.e., Sir
rse had, IsgeerPel.
their retreat they blew up every batterY ti''Jts sal loth
with magazines, so that I am most happiY: ova
6 op loth how
is taken without the loss of one master Is ; oTse6tjr
sight to see the batteries blow up dart ob ,s use/0
dreds of shells explcded in the air, tog Our poor it'res t°
brasures. The people of Kertch treated 0 tb°lo,°°:;
with great kindness. To-day they.are cd_ aboet 1,11
overtake the enemy ; they have, it is 1361114, is the of
_s°,
s e burnt all their shipping, &;c* fur Ship she cliei--
cline of our men you will see dressed Iwuith sot!, tri.
women's clothes, dancing jigs ; more ~ • others it
officers' unifOrms, parading the lower den,, ti
log to play musical instruments. I Cale troph.:ver til
I ought properly to you, but I have s°,ered a 01;sbe °I
self, if lam spared to return. I was OIL _ it. ",11 be
paintings, China, and
tray for ss. but I had no place to
.keeFoore P; the
a beautiful collection for the museum, !sings ; it seri
as a trophy, as I took it among Thereothtuare o?tri'a e:
give you an idea of their writivg. ...‘ai soils i3l°o
valuable things brought on board. 11- "..,`: riot be sst t
glass are splendid s
solts al to l
terday from Sebastopol ; and they hr,v's°s essoe 'oet
there, for the night we left their gnn-proti„ steed toe
attack a French fort, but were cut off by tool(.
and all taken. The army at the same tl
1,400, pan
killed 2,000 Russians ; the allies lost , battery.
possession of the Ques-m............gr0an d and
of csloete)
f the 9'' I°l 0
J. W. Smith, unattached (late 0 , Geiser,' be
,
s;atans- 0S . ses
Her Majestyisa---------als been pleased to Psrtleisegirlntbe 1
being appsinted an Assistant-A j ..00,0 be p
~
Staff of the army in Ireland, ia the.a.ches to to Or
Mansfield, resigned, havinc, beenestwt ebber 6°ll
bassy at Constantinople. 'Colon 1
.._ Auto..
arrived in Dublin and entered upon PP
_