The Sun.
London, England, 1864-11-29 00:00:00

fir, p

ools of Art.

/llr E Potter, M .P., of the c was present at the annual meeting
arnsle School of Art on Friday night, and delivered
±ich44 address upon the position and prospects of provincial
ools of art. He said the first school of art was opened
aintaSdoetaaiegrnsestof House, and was purely for teaching drawing
manufactures for perhaps some of the most
W.ealth manufactures of the country. He, in conjunction
with some friends of his own, went there and saw,that it
witha,good system. They opened a school in Manchester,
tue promise of some support, solely for the purpose of
Leaehl
eg designs for manufacturing purposes. They can-
t:acted that some years, tut the manufacturers did not thank
era for what they did, and did not give them support.
tiell°olB were started at first with very handsome subscrip-
t ; and about the year 1842 a grant of some £lO,OOO, made
Government, was distributed among the different echo Is.
ti4eY first got £250 a year, on condition that they raised a
n! ilar sum ; they then got a larger grant—Manchester
" rather important place—of £4'o) or £5OO a year.
(I.`ngular to state, the manufacturers of Manchester had
liittilhaished their subscriptions to half that sum, so
'tle did the schools seem valued, They found no sup-
Port for a school of design, and changed its name to a school
Ur school which he believed was the right footing. The
torongu i_established in London was transferred
) to Marl-
,stit }Luse. Still there clung the idea that they were
Inuted in behalf of the manufacturers. The manufac-
turers had not assisted them to any extent. The whole sum
cribcd by the manufacturers to the different schools
throllghout the country in 1862 did not reach £l,OOO a year
.--,11" he was afraid that in the centres of manufactures, in
proportion to their size, the schools had succeeded worse
than
the
flwhere else. It was admitted it was manufactureo part of
duty of
Government to assist the ers. His
07:11 idea was the Government had no right to assist any
c,,,88-sexcept those who had not the means to find educa.
—tt for themselves. It might be desirable, however, in
t.ele classes of schools, which could not be self-supporting.
not 'te believed that thoroughly good drawing schools could
1,
ue self-supporting, without Government aid, The
tic4°°lB were transferred to South Kensington, and the
tisetl4l was established there first in 1854 or 1855. The
great plea for making so great an outlay was, that it would
80 for collecting samples for manufacturers. That mu-
-4 he should have to refer to as very closely con-
Ileeted With the question of these schools. The mu-
uetliat and the building at South Kensington had been
berY expensive, and an immense amount of money had
eell Blink upon them while the schools being weaker, had
euffered.
at 8,, (Hear, hear.) However, the training school
Soul
Kensington had supplied first-class masters to
A-vlvards of ninety schools. That was a great step gained.
t;to the same time he thought the schools were entitled to
Tilre than the X 20,000 a year they had been getting.
,ukt 811na included what was given to South Kensington,
abL'et he did not think the country schools received
very god £15,000 or £16,000 a year. The teaching was
~ and they had got to that point when the
(48 Might be established upon a sound basis, and be
Pee e3,lllgly valuable. (Chcsrs.) The large mass of the
tc•---two thirds of the people—who had no means of
gettb,
icg this education were entitled to a much larger share
of ;Ze grant than they had hitherto had, and it was the duty
Cry one to try and aid them in getting it, (Cheers,)

ONEY MA.RKET

AND

40AIIIIIIRCIA.L INTELLIGENCE,

CITY, TWELVE O'CLOCKM
4,14,1 they has been in greater demand this morning,
ter" brokers have been asking rather higher
me for the negotiation of securities. The pre-
rtiNti
. orie for the settlement at the Stock Exchange
cosllo doubt exerted an indirect influence, but the
fo:mer Part of the increased enquiry for assistance
t, from the cpmmercial classes who, for the last
eit;ll:ght, had deferred bringing their bills into
14:1141ti°o• At the same time the supply of float-
-I"Pital on the market shows a slight falling off,
this circumstance also tends to create strin-
too
fro eY• The rates for firs',class paper have ranged
;II 61 I per cent.
filar tress in the Foreign and Colonial Produce
i eels
att during the last few days has not been very
St it: For tea there has been a limited inquiry
ill ;lout previous rates. Sugar has been dull, whilo
chal'hce) Cocoa, fruit, and spices there has been little
been
anti
Of importance. For coffee the demand has
gee4ctive, and full rates are current for superior
I 14. Tallow has been dull at rather lower
rates
A hi°l' both present and forward delivery.
ti—ro_u°llt £2,000 in bar gold was taken into the
4 Yesterday, can,non n bullion was with-
: NlVia for the Continent.
It has been notified by the directors of the Euro-
pean Bank that they intend to complete at once the
011 they are authorised to make, a larger amount
f Capital having been rendered necessary by the
'seease of business?.
p The directors of the New Zealand Banking Cor-
ticl,tion, at the next half-yearly meeting, intend to
4ritc'are a dividend at the rate of 10 per cent. per
-,,,L4r11 for the six months ending October last.
at to
directors of the Scinde and Punjaub Bank
ahte that the accounts for the last half-year show
74" t of £24,674 is 61.
4 keeting of the Bank of Mexico was held to.
as
ftY' tt which the alterations made in the articles of
piation were confirmed,
Danubian Loan is 11 prem. The sub-
04Vion list will close to-morrow for London, and
hursday for the country.
co us creditors of Messrs. Brown, Buckley, and
Oct Produce brokers, who suspended on the 14th
ko°her, held a meeting to-day at the offices of
Quilter and Co., when the following state"
1340`4Ns Was submitted
BUCKLEY, AND Co.—.STATEMENT OP AFFAIRS.
br
Ton Oct. 14.
Creditors
unsecured .. £19,759 6 9
Coerediters partially secured 57,528 16 5
Securities held £50,927 1 1
Creditors fully secured 134,127 12 8
Zeeurities held 144,347 13 9
14bilities on brokers'
The
,vvrampts
29,336 6 1
-"(I 41ae of the goods being
re •
th, an sufficient to covor
.cor vraropts,
tabilities on Bills, re-
, yeivable
4441iilities on floating con-
tracts,
Bay
ell

10,000 0 0

q:
itth on hand, viz :
At bankers £6,430 5 2
At East and West India
Dock Company
At Victoria Duck Cora-
loany ..
By bills

£221,415 15 10

£6,587 12 7

qots receivable on hand,
uaidered good
°(148
tips on hand ••
e qt'Y debtors :
o°4Bldered good
"uered doubtful
°llBldered bad

1,424 16 8
14,553 16 9

11,539 4 10

£36,031 7 9
133? oe Estimated to produce
teUrities held by creditors
creditors partially
I:lvered £50,927 1 1
bllt°l fully covered 141,347 13 9

6,675 0 0

195,274 14 10

Pro Total
liabil.l these figures it appears that increasing the
1% by the sum of £lO,OOO to cover probable
188-8„,,c11 floating contracts, a surplus of more than
he
hoth,'","° will remain, after payment of 20s. int
114'4 to all the creditors, without bringing into
41're(3144t the private assets of the members of.i the
the; Proin explanations given by Mr. (It ter
beii: %Veered to the meeting good groundsfor
414.113 R that the figures submitted, having been
ti 4 Jteted to very careful consideration, represent,
451111411 Y as may be, the actual position of the
tittl;:).:and that the liquidation will result substa.n•
'n accordance with them. Under these mr-
tulle-hllless the creditors unanimously agreed to the
the Ig resolution, by which it will appear that
ease 1114451 condition of " inspection" has in this
cketilii4a dispensed. with. Mr. Travers Button
itots,:". the chair, and Mr. Maynard is the soli-
a Thijretiag in the matter:—
„""itit, ~,48 Ito acc ts resented to this meeting leave no
slrlyt -t MeasruuPßuckley, and Co. will at an
t4e period
b 0 8 Brown,..
ti I).slltici „in a situation to pay. their creditors 20s in
1)43;.4 "IV be requested to wind up their estate and
B°°ll as possible the debts due from them to their
)Itlve-iil it beiog Understood that lOs in the pound be paid
Itecti directors of the Panama and Australian
444 4, eGmpany intend to recommend a divi-
Ttl:t 1,1 ii
T rats of 7 per ccut. at the next meeting
17" a meeting to•day of the creditors of