The Sun.
London, England, 1849-05-01 00:00:00

BANKRUPTS.

• Philipp Sigmund Christian lakle, tailor, Upper North-
place, Gray's Inn•road, to surrender, May 10, at eleven,
and June 12, at hall-past eleven, at the Court of Bank-
ruptcy. Whitmore, official assignee, Basinghall-street;
Nicholls and Doyle, Bedford-row.
Hugh Swan, draper, High-street, Camden-town, May
11, at eleven, and June 12, at twelve, at the Court of
Bankruptcy. Canuan, official assignee, Birehin-lane;
Jones, Size-lane, Bucklerabury.
John Bessell, glass merchant, Farring don-street, May
9, at twelve, and June 8, at one, at the Court ot Bank-
ruptcy, Basinghall-street. William Pennell, official
assignee; Pritchard, Town-hall, Southwark.
Thomas Bishop, cattle dealer, Marden, Herefordshire,
May 16, and June 13, at twelve, at the Birmingham
District Court. Christie, official assignee, Birmingham;
Gwillim, Hereford; Suckling, Birmingham; Smith ann
Sons, Southampton-street, Bloomsbury-square.
George Lofthouse Richardson, cutler, Liverpool, May
16, and Juno 8, at eleven, at the Liverpool District
Court. Turner, official assignee, Liverpool; Chester.
Toulmin, and Chester, Staple Inn; Hime, Liverpool.
Charles Holman Warren, surgeon, Fawley, Southamp-
ton, May 17, at one, and June 18, at half-past eleven, at
the Court of Bankruptcy. Graham, official assignee,
Coleman-street ; Paterson, Bouverie-street, Strand ;
Mackey, Southampton.
Horatio Hyland, grocer, May 15, at half-past two, and
June 12, at twelve, at the Court of Bankruptcy.
Groom, official assignee, Abchurch-lane ; Langbam,
Bartlett's-buildings, and Hastings, Sussex.
George Burdis, banker, Newcastle-upon-Tyne, May
8, at half-past twelve, and June 12, at half-past one, at
the Newcastle-upon-Tyne, District Court. Baker,
official assignee, Newcastle-upon-Tyne; Pringle, Steven-
son, and Shum, King's-toad, Bedford•row; Philipson,
Newcastle-upon-Tyne.
Richard Boucher, shoe manufacturer, Liverpool, May
14, at two, and June 4, at eleven, at the Liverpool Dis •
trict Court. Morgan, official assignee, Liverpool; Vin-
cent, Temple; Godfrey, Liverpool.
Robert Canuings Collings, cheese factor, Walcot, Bath,
May 10, and June 7, at twelve, at the Bristol District
Court. Acratnan, official assignee, Bristol; Slack, Bath;
Bridges, Bristol.
Abraham Ripley and Charles Thorp, dyers, Apporley-
bridge, Yorkshire, May 17, and June 8, at eleven, at the
Leeds District Court. Freeman, official assignee, Leeds;
Wigglesworth and Co., Gray's Inn; Richardsons, Leeds.
William Appleton, joiner, St. Helen's, Lancashire,
May 15, at twelve, and June 12, at two, at the Liverpool
District Court. Cazenove, official assignee, Liverpool ;
Norris and Co., Bedford-row; Taylor, St. Helen's.
John Jordan, surgeon, Birmingham, May 15, and June
12, at ten, at the Birmingham District Court. Valpy
official assignee, Birmingham; Sargent, Birmingham.
James Vaughan, plumber, Hereford, May 16 and June
13, at twelve, at the Birmingham District Court.
Christie, official assignee, Birmingham; G willim' Here-
ford; Suckling, Birmingham; Smith and Sons, South-
ampton-street, Bloomsbury•squa,e.
Benjamin Couch Stenlake, watch maker, Tavistock,
May 10, at one, and June 6, at eleven, at the Exeter
District Court. Hemmen, official assignee, Exeter;
Robins, Tavistock; Stogdon, Exeter; Baker, Ruck, and
Jennings, Lime-street.
Job Way, licensed victualler, Princes-road, Uxbridge-
road, May 12, at two, and June 2, at half past twelve,
at the Court of Bankruptcy. Follett, official assignee,
Sambrook-court, Basinghall-street; Martineau, Ray-
mond-buildings, Gray's Inn.
William Crofts, coffee house keeper, Strand, May 9, at
one, and June 14, at eleven, at the Court of Bankruptcy.
Johnson, official assignee, Basinghall-street; Futvoye
and Co., John street, Bedford-row.
John Roberts, woollen manufacturer, Linfits, York-
shire, May 15 and June 5, at twelve, at the Manchester
District Court. Pott, official assignee, Manchester ;
Cragg and Jeyes, Bedford-row; Hunt, Rochdale.

IMPERIAL PARLIAMENT.
(THIS EVENING.)

HOUSE OF LORDS.
Their Lordships assembled at Five o'clock.
The Bishop of EXETER presented a petition against
ono of the clauses of the Criminal Law Consolidation
Bill. The Right Rev. Prelate then alluded to the case
of the confirmation of the Bishop 01 Hereford, and the
decision of the Court of Queen's Bench thereupon, inas-
much as that clause legislated on the case.
Lord BROUGHAM said that as the judges had been
equally divided no decision at all had been come to on
the subject.
The Bishop of EXETER thought that the opinions
of the judges ought to be taken before their Lordships
legislated on that subject.
Lord Redesdale presented a petition against the Rate
in Aid Bill.
The Bishop of CASHEL presented a petition from
Waterford, in favour of a Health of Towns BILL
The Duke of ARGYLL pesented a petition in favour
of "` the Bill for the prevention of seduction.
RAILWAYS.
Lord BROGHAM rose to address their Lordships on
a subject which was second to none, involving as it did
a vast entanglement of the capital of this country, and
one desiring the most attentive consideration of the Go-
vernment and of Parliament, because whatever might
be its ultimate result it in its present details involved
most serious apprehensions. If there were any who in
former ) ears were blind to the possible evils that might
feelingesult, and who were callous to the appeals made to the
s rosepecting the damning mania which then pre-
vailed, and who, for want of warning, made Parliament
as
eit were an accomplice in their deeds. He was not
anna for he in common with the Noble Duke, lament a Noble Friend whose loss he
mend
ted, he meant the late Lord Ashburton, had. Parliament not to encourage this madness of
gambling, and the country to stay in its progress to-
wards destruction.hadThose warnings had been given in.
vain. Theyh
nuisances
those Bills to become
laws and those
upon those companieacetshto be erected by conferring
of dealing with propene most extraordinary powers
not of private unterpri zye.s, b u t
He was speaking now
exercising extraordinary of public bodies
conferred upon
them by Parliament. ThePyow haders
with
properties strictly settled, and had Interferedlhed these parties
heasdthsrough the
to erect their works and drive peen en
ihetetrepsrtivate
private property of individuals. Thegyi
property at naught to promote the :railway
to public
interests. the ground that private interests must give way
interests. They had done more, they had enabled these
joint-stock companies to receive subscriptions to an
enormous amount. All political philosophers had agreed
that in forming joint-stock companies to take capital in
small shares, care should be taken not to seduce more
capital into those channels than the wholesome state of
the country would require. But as everything vvas to be
sacrificed to locomotioe, as the old mode of travelling at
the rate of 10 miles an hour with horses was
to be destroyed, they established those companies,
tnitbllng persons whoN object was not locomotion,

who did not care one straw if one inch of the rail-
ways were never made—who were makers of plans
and of attorneys' bills—to go on without the least
regard to the making of railways. They had also
made themselves accessories before the fact to the doings
of another class of persons, lho trafficera and gamblers,
to obtain shares to be disposed of in the market, to
obtain from ignorant dupes the stocks which
they paid into their own coffers, and on the ruin
of private persons to erect princely fortunes.
In one session no less than 519 Railway Bills were
passed. Their Lordships had no idea of the careless-
ness with which they had passed those Bills. In one
Bill they had enabled the Great Western Railway
to put in evidence any extracts from its
books, copied by a charity boy, and had even
allowed an entry of payment in these books, if the pay-
ment of rates is to be taken as conclusive evidence of
such payments having been made. What had been the
consequence of these proceedings ? In the course of
four or five years, capital in England and Scotland alone
had been invested to the amount of 180,000,000/., and
actually paid up. No great wonder if the money-market
should feel this. No wonder if Chancellors of the. Ex-
chequer should all be in alarm at hearing of 180,000,000/.
being withdrawn from the capital of the country. We had
also expersenced a commercial and money crisis ; and the
last time he had spoken to Lord Ashburton on the sub-
ject, he had said that it was worse than in 1624.1825.
The gambling money-maker was rivalled by the thrifty
Scot. Gambling had crossed the Tweed, and the careful
Scot rivalled the careless Englishman in his devotion to
their gambling speculations. Ireland had contributed
5,000,000/. (although he believed the greater part of that
came from En gland), and Demerara and the colonies
had also contributed large sums in addition. But that
was not all, there were calls yet to be met,
to the amount of 150,000,000/. of good money, which
remained to be sent after the bad money. The poor
peoplo who had incurred these liabilities did not know
when they might be called upon to pay them. When
they found this state of things they might look forward
to another panic. 180,000,0001. had not been suffi-
cient to satiate the maw of this ravening pest,
but 150,000,000/. more might be required. This
mania of gambling overwhelmed the soil. He feared
that those gambling propensities could not be indulged
safely. He was sure that uo more mischievous change
could take place in the habits of any nation than for its
inhabitants to become reckless gamblers instead of honest
traders. It was not merely common gambling in shares
which took place, but contrivances were had recourse to,
the object being not to make railways, but to make profit
by shares. The object was to obtain shares, not to keep
them. The shareholder did not think Brag was a good
dog and Holdfast a better—he was Holdfast
for the present, but he played Brag too.
His object was to raise the price of shares. He would
guarantee not 3, or 4, er 5 per cent., but 10 per cent.
fur a certain number of years. Thus the poor man who
had invested money in public securities thought he could
secure a large income, and the price of those shares
rose 10 or 12 per cent. What did Mr. Holdfast—
he was Holdfast no longer, he became Brag—he brought
his shares into the market, and sold them to some poor
surgeon for a premium, who thought he was made
fcr life. The next year this poor surgeon found he
was called on to pay 25 per cent. on those shares.
He was a ruined man, for he had paid all his
savings to purchase those shares, and down came the
price of those shares in the market. Mr. Holdfast had
made his fortune, but the poor surgeon was ruined. But
then how was this ten per cent. guaranteed to be paid ?
It was paid out of capital. That was the secret. What
said the projectors? Nothing ; their only object was to
get shares up to a premium and to sell shares, that was
all they cared for. Then there were persons who did
all they could to bring down the price of shares, and
when they had brought them down to below their real
value they purchased, then they did all they could to
raise them and sold them.