The Sun.
London, England, 1830-09-24 00:00:00

LONDON, FRIDAY EVENING, S EPTEMB ER 24, 11130.

OLD BAILEY, SEPT. 23.

Thomas Chillle, aged 12 years, Daniel Ward, 14,
John Polack, 15, and George Woolver, 16, were
indicted for a burglary committed on the 31st of
August, and stealing eight sovereigns, two half-so-
vereigns, and 20 shillings in silver. The three latter
were charged with receiving only.
The Jury found the young delinquent Guiky, and
the RECORDER sentenced him to seven years' trans-
portation. The other three were acquitted.
William Beelrup, a shoemaker, aged 38, was in-
dicted for maliciously stabbing his wife, Catherine
Hectrup, with intent to kill and murder her.
Mary Gilbert, of No. 11, White's-alley, Coleman-
street, knew the prisoner and his wife. The latter
lived with Witness, and slept in the same room with
her. The prisoner did not cohabit with his wife.
SaW them both on the 2tl of September at her own
room. 'When the prisoner entered the., room, he.
asked Wheie are the seven persons who said I stole
the shoes ? His wife called him a " prig" (thief),
and asked what brought him there? The prisoner
then sat down by his wife, and had some talk. with
her. • There did.noVappear to be any anger between
them at this time; on the contrary, they laughed and
joked together. The wife soon after went out for
some shoe-binding, and bound one pair while the pri-
soner remained in the room. When she returned
they, had some gin, of which the prisoner, his wife,
Mary Ann Shaw, and witness, partook. They then
had some tea ; after which the prisoner asked his wife
for some money to buy rum, but she refused to give
him any.
Soon after the prisoner asked witness how often
Mr. Kelly had been there, whose master used to give
his wife shoes to bind. Witness replied, that he
had been there three times. The prisoner then said
he would tell who had a pair of shoes that were
missing, if his wife would give him a pint of rum.
She refused, and the prisoner then said, " Are:You
not sorry for losing the shoes ?" to which the wife
replied, " Not stall." The prisoner then took up a
knife from the window close to which he was sitting,
and stubbed his wife with it three times in the breast,
but the busk of her stays prevented the knife from
reaching her body. Witness cried out, " Lord have
mercy upon us, the man is killing the woman," and
ran down stairs, and as she was going she heard the
wife call " Murder !" She did not touch the pri-
saner while witness remained in the room.

This evidence was corroborated by other witnesses.
The prisoner, in his defence, said that his wife had
sent to him to say that she had been in fault, and
freely forgave him " the little accident" which had
happened. The prisoner then went on to state,
that while he was in prison, previous to Ibis trans-
-action, a person came and told him that he had seen
his wife walking with Kelly in Finsbury-square, and
that he had reason to believe that she had been un-
faithful to him. The prisoner added that he loved
his wife, and whatever be had done arose from
jealousy.
The Jury, after conswlting for about five, minutes,
retained a verdict of Guilty.
The RECORDER told the prisoner to prepare for
the worst. He had shown no mercy to his wife,
and must expect none. The case, however, wapiti
be submitted to his Majesty in council, and it was
not for him (the Learned Judge) to cay what would
be the result.

Taylor,olias George Forster, a hackney
coach proprietor, lately carrying on business in the
vicinity of Hatton-garden, was indicted for burgle-
riOusly breukiug and entering the shop of William
Fowler, in Tottenham-court-road, on the 10th of
September, with intent to steal therefrom two horse-
collars, and several bags of harness, of the value of
.504 and upwards, the property of Wm. Fowler.
After thei evidence had been gone through, the
Jury returned a verdict of Guilty, and recommended
the prisoner to mercy on account of his former good
conduct.

Dennis Sullivan' and John Xilsby were indicted
for stealing a quantity of iron grating, the property
of the Metropolitan Commercial ROad.
In this apparently trifling case there were no less
than eight counts in the indictment.

Mr. ADOLPHUS appeared for the prosecution, an,
Mr. C. Plittlirs for the prisoner*.

.
During the investigation some legal sparring took'
place between the two learned advocates, in conse-
quence of a play upon words used by the
One of the witnesses said that he came to "
duce" the property.
Mr. C. YIIILLIpS—To produce, you mean.
Mr. Anotxttus—,-Ile (witness) does not talk
such good Irish as you do.
Mr. C. PHILLIPS—I hope he will learn more
polite English than you are in the habit of using,
To the %vitnesi—How can you swear to theite
gratings, are not all gratings very. much alike
Witness—There may be a man in existence 'err
much like you, but it is not very probable,
Mr. C. PHILLIPS—Why did you not select Mr.
Adolphus as the subject of that witty remark ?
Mr. ADominus—Because lie preferred you, Mr.
Phillips.
Mr. C. PHILLIPS—Because he knew it was useleee
to make an example of you, Mr. Adolphus.
Several persons were called by Mr. C. PHILLIPS,
who gave Sullivan a good character; but the Jury re.
turned a verdicrof Guilty against both the prisoners.

melds, such as the-dead weight of 13,000,0001.;
9,000,000/. in Exchequer bills, 5,000,000/. in mort-
gages, loans upon stock, public companies, London-
, bridge, Lorrdomdocks, grc.—none, of these secu-
curities, he conceived, could be offered for sale by
the Bank without materially injuring public credit ;
—4,000,000/. in commercial bills, 8,000,0001. of
paper issue'l for 8,000,0001. of gold and silver de-
posited in the Bank, 14,500,000/. (the Bank ca-
pital) lent to Government. He thought, there-
, fore, the issues of the Bank could not be less than
40,000,000/. of paper. One•third of this amount
might remain with the Bank as deposits; and this
could not alter the' available issues and the Bank
liabilities. In the absence of correct information,
he Was obliged to assume some of these data;
but the fault was not his. He was obliged to
go by the best accounts within access; but
though all the accounts he had mentioned might
,not be strictly correct, he was warranted in say-
ing that the issues of the Bank were enormous.
When this was considered, and when we knew the
great amount of British property lately embarked in
'foreign loans, it was matter of much importance to
think what would become of this property in the
event of a war. The Hon. Proprietor, after advert-
ing to the reduction of the funds from 5 to 3} per
cent., which, he observed, could not have been
brought about by fair means, and which had been in
many instances nearly the ruin of the widow and the
orphan, and a breach of the original compact 'with
the public creditor, moved, as an amendment—
" That a dividend of 4/. per cent. ho now declared for
the halt year's interest on capital stock of this Company;
payable the lOth of October next ; and that previous to
the proposal of any future dividend, an account be laid be-
fore the Proprietors of the total amount of all their debts
and liabilities up to the let of March, 1831, Ilistinguish-
ing each head of nubility ; and also an account of the
value of their joint stock or other capital effects remaining
undivided up to the same date."
Such a course as this was, he observed, necessary
for the security of every Proprietor of Bank Stock;
for those who heard him must be aware, that if
they divided out of any thing but their profits—if
any dividend was made out of their chartered capital
—the property of every Proprietor was liable to
make good the deficiency.
The amendment having been seconded,
The GOVERNOR said, that before he put it to the
Court he would take the opportunity of offering a
few remarks. The questions which the Hon. Pro-'
prietor had put, and the information he required to-
day, though not strictly the same as those which
he brought forward on a former occasion, had yet
the same tendency. There was nothing new in the
amendment, for in effect, it was the same as others
upon which former Courts had decided. The ques-
tion was one which did not concern that Court
alone. It was a matter of the utmost importance to
the whole kingdom. The lion. Proprietorwas tnis--
taken if lie thought that the transactions of the
Bank were to be viewed only as concerns between
the Directors and Proprietors. He could assure
him, however, that the Directors thought very differ-
ently on the subject. The proceedings of the Bank
were of the utmost importance in a national point
of view, as by them the currency of the kingdom
was in a great degree regulated. This was a point
which he was anxious to impress on the minds' of
the Proprietors, because when it was duly weighed,
it would show the importance of the question
whether the whole affairs of the Company ought to
be made public. As to the date 011 which the
Hon. Proprietor had gone, he would only observe,
that his obseryations showed that he did not
know much of the Bank of England. The
Bank was to be viewed in a political point
of view, and the influence of its operations
on the currency of the country ought to be
considered before its present mode of proceed-
ing was arraigned. The Hon. Proprietor complained
of over issues; but was he aware that such issues
could be refused ? Could the Bank refuse to ad-
vance money, except on deposits of bullion only ?
The lion. Proprietor did not seem to be aware that
the Bank must act on what appeared to be the state
of the currency of the country, and how it might
be affected by the state of the currency of other
countries. With respect to the convertibility 'or
incontrovertibility of the securities iii possession 'of
the Bank, the Hon. Proprietor could -not be aware

howr
w ran:
ptufiteyiwere
seeobnavi
07) toi If) 1
infrtmh ea t
oanr,kievtii unless
ich was
at present. withheld, and which, in his opinion, the
Court ought to be extremely cautious in laying in
detail before the public. The interest of the public
was vitally concerned in the proceedings of the
Bank. He did not say that on this ground all in-
formation on its affitirs must be Withhold; but he
thinkmust
ttoon
touch
i !t the
cautioncould n)
disclosure
not
b
of them
hemt othe
publie.exercised.
He would now only add, that the Directors were
the
and great importance
ei mgrpeoarttatt
respon.ee e
Itul isiboeei trust
l fybr Testopserexeds ge riecndi
exertionssteh;ei ittnaion, ti
dischargettey ‘we riet disposed ist ph oast ed to
man-
ner which, in their best judgMent, would tend most
to the interest of the Proprietors and of the com-
munity at large.
A Proprietor (Mr. FlLAcultintml, we understood)
said that he had not taken any part in thediseussion
of this question hitherto, except to hold up his hand
against a similar motley); for he was of opinion that
the Directors were not bound to lay before the
Court details as to the general affairs of the Bank,
of which undue advantage might be taken by per-
sons whose interests might be opposed to those of
the Bank. He was the more strongly impressed
with this opinion, when he saw the interest taken by
some London and some country bankers in support
of motions similar to the present. He thought,
therefore, it .would be better to leave. this matter to
the discretion of the Directors; at the same time he
must say, that he could wish to see some questions
answered differently from what they had been. He
should like to know from whence the dividends pro-
ceeded ; for if they were from surplus profits, then
the recent Proprietors were receiving profits which
had belonged to former Stockholders. He looked
upon the Bank as a trading company, flint when he
heard it spoken of as a political body, dealing with
the Ministers of the country, he must say that be
rptioshu,roobauulliagdet:o!bnltitil
tytoi‘nuivedadosso,hg.motolietittlit:tpgolitiibeknetetysvooltildl d tnhoeti rtsf,ai sift limits...
seets. a de-
tail of the proceedings and affairs of the Bank made
tt°hahnavheadabeleitntigeitn,e'rotT
for
instance, he should like to know the amount of the
pelf yearly profits.
A Proprietor objected to the amendment lin point
of form. He obseried that it was in feet a sub•
stantive motion,' and should be so put, and not as
an amendment.

Mr. WINTER Said that the observations of the
Proprietor who spoke last but one induced him to
over a few WOWS in support of the amendment.
Without desiring that the general account* of the
Company should be laid before the Court, he did
think that the introduction of sort►e accounts
which would give information as to the real state of
the Company's affairs would be highly expedient.
It appeared to him from the questions put, that it
would be extremely desirable that some sort of an
account should from time to time be laid before the
Proprietors, that they might know something of the
actual ►tote of their affairs. It was objected to this
that it would be extremely dangerous to tamper with
that upon which public credit binged. Undoubtedly:'
it .would ; but there was it breed ditininetiOn betwesn
exposing the whole affairs of the Bank and the sup-,

TrE 7n.

preption of any kind of information which the Pro-
! prietors desired to obtain respecting theni. After
such a lengthened existence asan important chartered
company, they could not now be )aid.to be in that
condition in which, to use the words of the old
adage, they lived magi: firma quant vi. , On the
contrary, be was sure' that they were now in that
prosperous condition, when, so fur from. being
weakened, they must rather gain additional
strength by a' publication of the actual state of
their unirs. Ile did not say that there :ought
or ought not to be a connexion between the
Bank and the GoVernment, but he was now
the less anxious on this point, as, by the Act the
59th George ' 111. every transaction between the
Bank and Government was to be laid before Parlia-
ment; so that he felt no jealousy on that. point.
But thete was another point to which the Proprietors
ought to look with no slight caution. By the Act
of NVilliam and Mary, if any dividend should be
made by the Proprietors
,beyond the profits—or, in
other words, rstit of the capital—of the Bunk, thin
every Proprietor was personally, or in his property,
liable to make good the amount so divided. `lt be-
hoved them, therefore, to get some account of the
state of their profits before they gave their sanction
to a dividend, which, without some. atich account,
might, for aught they knew, be not of profits, but
out of capital. Another matter which deserved at-
tention was the practice of granting bonuses from
time to time. In the grant of those bonuses the
persons who have a life interest only in Bank, stock
were injured. He knew the character of the Direc.;
tors placed them above suspicion as to any unfair
management as to the mode of granting bonuses;
but how did such declarations of bonuses operate
The holder of stock was Ignorant Of them until they
were declared, and he might part with his stock to-
day, which would be increased 25 per cent. in value
to-morrow. But if a Bank Proprietor had that
knowledge of his own Oldie which every partner
in a company ought to have, he would at all times
know its real value. The Hon. Proprietor then
entered into a calculation as to the income, expen-
diture, and profits of the Bank. To this effect : ••.
t 4 per cent. on capital C14,608,500 is X 1,168,680
Expense. S180,004)

Annual payment A1,446,680
SOURCES OF INCOME.
3 per cent on 14,808,5(X11. capital £438,t1.55
Allowance of Management 260,000
Proportion of dead weight annuity appli-
cable to dividend 300,000
Interest on 2,500,0001. mortgage, 4 per cent ICS,OOi)
Interest on Exchequer and deficiency bills,
say 10,000,00, 300,000
Discounts llO,OOO
interest on sundry other advances ;AA()

Excess of annual income over dividend and cx
penses

I ,M 13,255

X 54,570

This account relieved him from the difficulty of the
mover of the amendment as to the source from
Whence the dividend was to be derived. He was
quite clear as to the income; but the question was,
whether they were not ins condition to give a large
bonus. The Hon. Proprietor then entered into the
following calculation to i•how the amount of surplus
or profit capital
Charter Capital
Bullion 18,000,0G0
Value of dead weight annuities
Mortgages
f 4504,000
Exchequer and deficiency bills lOOOllOO
Bills of Exchequer and other property as effivts 4,01100e00
103,104,500
Notes in circulation in February but 00,468,0titi., but
say
1if1,106,500
Deduct Charter Capital 14,00H.51,0

Profit Capital ..V.11.500,000
which would surely justify a bonus of 20 per cent.
in mob, by a sale eta proportion of the dead weight
annuity, or by a transfer of such a proportion of that
annuity.to each Proprietor as would be equivalent to
20 per cent. on. his capital. 20 per cent. on the
14,608,500/. would only amount to 2,080,60 W.;
but if that should be considered too much, say :10
per cent, which would leave an annual income more
than adequate to the 8 per cent. dividend. With
this statement, how could they account for Dank
stock, compared with other stock, being at a dis-
count of 22 to 24 per cent, compared with Govern.
meat stock, which might be obtained for the same
money. For instance, the sale of dividend or annuity
of 8 per cent. would produce 2404 in the Three per
Cents., while the, sale of the same in Bank stack
would produce only 2181. The flourishing picture
which the Hon. Proprietor thus drew as to the
amount of surplus or profit capital, and the. proposal
of a bonus of from 12 to 20 per cent., seemed ;to
excite a general smile in the Court. In conclusion,
he again insisted on the necessity of having some tic-
mint laid before the Proprietors as to the acted
state of their affairs. We ought in this respect
imitate the example of the Dank of France, which
regularly laid an account' of the state of its affairs
before the Proprietors.
The GovEallon said, that while he gave credit
to the ability of the Hon. pioprietor who last ad-
dressed the Court, he should be very unwilling that
they should go away with the impression, or that it
should get abroad, that there existed such a capital
as that Hon. Gentlemen bad described. The filet
was, a great part of his statement was founded bn
erroneous data. As to the dividend, it was to be
made out of the profits of the Bank, and the Direc-
tors did not, he thought, ask too much in claiming
from the Proprietors the confidence that they would
not throw on them a responsibility bt making a di-
vidend out of capital,--a responsibility which, by
the by, they must share eren more heavily them-
selves. As to the comparative Vail of Bank
Stock with a similar annuity in Govermnent se-
curities the Court must be aware that the Batik
was only chartered for twenty-ana years, a grafit
portion of which-lied expired, and it, could not be
expected that its stock should bear the time value
as the permanent security of the Government.
Mr. YOUNG here expressed his willingness to
have his motion put as n generate motion after the
other should hart been decided.

A Proprietor wished to know why it was that
per cent. was declared 'at one time and ID at an-
other, and observed that unless some account were

laid- before the Proprietors as to the stale of their
affairs, there Wight as well be no r3uarterly court at
all. For what wus the use of calling them together
to consider of a dividend, when in fact they were
utterly ignorant of what was the amount of *lit!
on which a dividend Should be made?

Mr. Rine Contended, that justice to the Propri-
etors demanded that they should be put in posses.
shin of some statement of their affairs. If any
thing were wanted to point still stronger thelm.
policy of the course pursued by the Directors, it
would be found in the manner in which s gentleman
Of. the talent and ability of the lion. Chairman bud
been obliged to evade the questions which were put
to him. The Ptc)prietors WON met thereby Act of
Parliamentio declare a dividend on the amount of
profits for the hull-year. Let the officer of the
Court read the Nth bytt.law, end it would he seen,
that they were empowered to make the dividend'
according to the amount of 'the profits, and in pro.
imrtion to their respective shares. But dui not this
ply that they were to be informed as to the
amount of the profits ? Yet, notwithstanding
this authority of the Legislature! in their favour, the
Proprietors were now refused information as to What:
was the amount of their profits,- or any thing :else-
touching their rants. This refusai was
etiy, and, without meaning any personal disrespect,
he would say, craftily, 4140 Directors
themselves under the decisions of former Courts 0(1

ould be used to -mislead .the public ; that if
the operations of the Bank had- been fairly
conducted,. their publication Must. add, to the
credit of that establishment, while intrust' and siir-
picion must always' attach AMY rieceititifili tend to
weaken the credit of any concern'where ilecresy and
myster), veiled 'its common transitions' iven from
the majority of its own ProprietOre;'aothlalt men of
honour, conducting their own business, ought to be
Al way s ready to produce their accounts at s' vouchers
ror their transactions in business. He also contended
that the Government had the esiiitel"of the Company
on terms much too low, and tbit the Proprietors
had all the responsibility as to tileidends made from
capital, without having a corresponding proqr. The
-clerk, at the request of Mr. Rigby, hare read the
I,2th bye-law, which the Hon. Gentleman contended
was violatsd by the reflux, to produce the accounts,
at least, of the profits on which the' iiidends ware
to be made.

The GOVERNOR said,' that after what had Cahn
from the last speaker, he felt it neees.erY to remind
the Court that it did not rest with the Directors to
produce or withhold the account.: They were only
the servants of, the Proprietors, and if they (the
Proprietors) thought it necessary that the accounts
.houid be produced, the Directors would produce
them.

_ . • •,••,,
The original motion, was then put and :carried,
with only one hand bald 'Up against it. ,
Mr. Yo usto.'s motion,' beginning at Atiosii<w4trds—
" that' prtsvinine to tftt propoial oriini Nora divi-
&c., waS then about to be Pitt, when
Mr. YottNa again addressed ,the 'Court, .aud reru-
pitulntt d tnost of his former arguments in itipitort of
it. Ile observed that it ,was true it rested with the
Court of Proprietors to determine' ,whether he
formation should be given or 144, but the directory
ought not to shift the responsibility fromthemselves,
for it was by their advice the Cattrt.af !Pr9Prieto's
acted in this instance. Let the DirS.ctors but say
the word, and the Proprietors would ts%sent to the
production of all the inforinotion. ' Let the birt c.
tors then bear the blame of tho refusal, fur it was
theirs. It was said that 'the data of the Hon. Pro-
prietor (Mr. Winter) were erroneous: let the truth
be told—let accurate accounts 'be produced, and
there would at once be un paid of all twgerution
on the subject. Again, he repeated, that if they re-
fused this information at present, they would be
obliged to krant it under cucumstances much less
favourable than the present.
The GOVERNOU, la putting the question, observed
that it was one of the, utmost importance, and re-
quired the most /serious consideration of the Pro•
priet ors.

It wus then put to A, show of bands, and pep-
lived by n consideruble majority. The show of
bands held up in support of it wus, however, very
respectable.
The Court then adjourned.