The Sun.
London, England, 1853-03-09 00:00:00

COURT OF ALDERMEN.

Yesterday a court was held for the dispatch of public
business.
The Lord MAYOR appointed the Bishop of Hereford
and the Rev. Dr. Mortimer to preach the Easter ser-
mons at Christ Church.
BROKERS AND PERSONS PRETENDING TO BE BROKERS.

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A discussion of some length took place upon the sub-
ject of the conduct of brokers, and the conduct of per-
sons pretending to be brokers, without having been re-
gularly admitted to the privilege, or having any right at
all to visit the Stock Exchange.
Alderman WIRE said, that unless the court determined
to take the question up with a strong hand, it would be
advisable to drop it altogether, and tell the public that
the security for which they looked to that branch of the
corporation for protection against plunder and imposi-
tion was a mere delusion. (Hear, hear.) Under the
impression of the imperative necessity of affording aid to
those who were in the habit of placing so much reliance
upon men who transacted business in the Stock Ex-
change, he gave notice of motion, " That the names and
addresses of all persons applying to this court to be ad-
mitted as brokers of this City be put up in some con-
spicuous place in the Guildhall, one week prior to the
date of the holding of the court at which such applica-
tions are intended to be made ; and that the names of
all persons who shall have been admitted at such bourt,
and the names of any persons making such application
and not being admitted, be advertised after each court."
(Hear, hear.)
Sir PETER LAURIE said the court were bound to pub-
lish the names of all persons who acted with culpable
impropriety on the Stock Exchange, but they could not
do so without being furnished with that information by
those of their brethren who had the immediate means,
arising from the nature of their business of becoming
acquainted with the facts. (Hear.)
Alderman HUNTER said that a searching investigation
was necessary into the conduct of those who were in the
habit of attending the Stock Exchange, and who were,
he had been given to understand, of very miscellaneous
habits and principles.
Alderman HOOPER.—Am I to finderstand, then, that
other persons than sworn brokers are admitted upon the
Stock Exchange ?
Sir R. W. CARDEN.--Certainly there are. There are
brokers, and jobbers, and speculators and amateurs to
be seen there. (Hear, hear.) I have frequently spoken
of the fact, and complained of the constant peril to
which the public were exposed, in consequence of the
impression that all the persons who walkly boldly into
that building are admitted brokers. lam in the habit
of seeing men daily there who ought not to be allowed
to be in afiy place in which honourable business is
transacted. _ _

Sir PETER LAIIRIN.—Then why not let the Court of
Aldermen know who they are ?
Sir R. W. CARDBN—I do not exactly relish the impu-
tation of being an informer, under any circumstances.
But that such is the state of the Stock Exchange every
one who attends it knows to be beyond all question.
Sir P. LAURIE—It appears that a son of the Church
was powdered there some days ago by the members.
Sir R. W. CARDEN—I am far from being an admirer
of Lynch law, but I certainly am of opinion that the
clergyman alluded to deserved the sort of welcome he
received.
The subject of brokerage and the admission of brokers
was then referred to the committee of general purposes.
The Court shortly afterwards adjourned.