The Sun.
London, England, 1864-02-01 00:00:00

The London Financial Association.

(MEETING THIS DAY.)
The half-yearly meeting of this association was held to-
day. The report, which was adopted, stated that after pro-
viding for the current expenses, and writing off the whole
of the preliminary expenses,
and carrying forward a rebate
of interest at the rate of 7 per cent. per annum cn loans not
due, there remained a clear profit of £28,765 Is. 7d. Out of
this sum the directors proposed to pay to the shareholders
a dividend equal in amount to interest at the rate of 5 per
cent, per annum on the accounts of capital paid up, with a
bonus at the rate of 10 per cent. per annum, being togeth€r
18s. per share, free of income tax, and to carry forward a
balance of £10,240 is 7d. to the next half-year.

THE COLENSO CASE, it should now be-borne in
mind, has been removed, pro tern., from the teMpe-
rate zone of Doctors' Commons to the warmer climate pf the
Cape. The sceptical bishop has been tried (in his absence)
before a court of colonial bishops summoned to meet atCape
Town. The accused, who demurred to the authority of the
court and the validity of the whole proceedings, was repre-
sented, in his absence, by the Very Rev. the Dean oflCape
Town. After full hearing, the following charges were pro-
nounced to be distinctly proved, viz., that Dr, Colense was
guilty of heresy on nine counts-
1. His disbelief in the Atonement ;
2. His belief in justification without any knowledge of
Christ ;
3. His belief in natal regeneration;
4. His disbelief in the endlessness of future punishments ;
5, His denial that the Holy Scriptures are the word of
God ;
6. His denial of the inspiration of the Holy Scriptures;
7. His denial that the Bible is a true history of the facts
which it professes to describe ;
8. His denial of the divinity of oar Blessed Lord;
9. His depraving, impugning, and bringing into disre-
pute the Book of Common Prayer.
On this, the Metropolitan pronounced judgment, depriving
Bishop Coleman of his see, unless, on or before the 4th of
March next, he shall file a full, unconditional, and absolute
rctractation, in writing, of all the objectionable extracts, in
London, or a like rctractation by April 16, in Cape Town.
As it is not likely that Dr. Colenso will file any such docu-
ment as the Metropolitan has prescribed, and as he utterly
denies the sufficiency of the tribunal, this judgment can
hardly be considered final, The colonial court declared,
however, by the mouth of the Bishop of Cape Town, that
they could not recognise any appeal except to his grace the
Archbishop of Canterbury.

CONDUCT OF THE AMERICAN WAR.—We have
now before us General M'Clellan's report, which
gives the whole history of the Seven Days' battles before
Richmond. It is a very plain narrative, uttered with military
brevity and straightforwardness, and consisting in great
part of official orders, telegrams, letters, and extracts from
the reports of subordinate commanders. But no patriot
whose heart throbs for the brave who have fallen, and the
mourners at so many fireside; and the trials of a distracted
country and a long-suffering people, can fail to see in this
most exciting chapter of the history of our three years' war,
facts long concealed at Washington, and never disclosed by
General M'Clellan's reticent lips, even for his vindication
against outrageous and persistent calumnies set on foot at
Washington,—facts which burn and brand into the fore-
heads of the Administration the proof that they failed to
support our army in the field ; that they, and they alone,
are responsible for a prolonged war ; that at their doors lies
the blood of the tens of thousands of speechless dead who
slumber at Cedar Mountain, Bull Run, Fredericksburg, and
Chancellorsville ; at Antietam, where President Lincoln
was deaf to their upbraidings, but asked for, and listened
to, the negro song, " Jump Jim Crow," at Gettysburg and
along the Rappahanuock,—,New York World,