The Sun.
London, England, 1849-06-12 00:00:00

CRIMINAL COURT-(THIS DAY.

OLD COURT.
(Before the RECORDER and Sir PETER LAURIE.)
TUE CASE OF PATRICK HAT.

At the sitting ot the Cour, tbi. morning Patrick Hay,
charged with traudulenily obtaining min ey from a
c:ergyman, was called upon to surrender and take it't
trial, but, as he did not appear, his recognizlnces Wert
estreated.

Mr. RYLAND, who appeared for the prosecutor by
di-
rection of the Court, ea;d there were two inchc:ments
against Patrick flay, one for having fraudulently ob-
tained the money, and the other Tor having Alvez
conspired to otraiin ir, and apt Hay had not surrendered,
there would be great difficulty in proceeding with tte
indictment for conspiring against Alvtz, and would only
be wasting the time of the Court.
The RECORDER—The rtcognizances had better be
estreattd at once, and a certificate sent to the Exche-
quer, and let the indictment for conspiring be postomed
till next session, and Alyea discharged on his own recog-
nizances for 2001.

Thomas Jones pleaded Guilty to burglary in the dwel-
ling- hothe of Henry Brett, and was sentenced to twelve
months' imprisonment with hard labour.
James Green, described as a tailor, pleaded Guilty
to feloniously breaking into and entering the dwel-
ling-house of 'Robert Davis, and stealing therein .four
pairs of boots, three shoes, and other articles, value 61.,
and was sentenced to imprisonment for twelve months,
with hard labour.

Thomas Stain, a wadding maker, aged 42, was in•
dieted for stealing a handkerehief; value Is. 6d., the pro-
perty of Charles Burton.
The prosecutor, on Saturday, the 14th of May, lost
his handkerchief, which was afterwards in possession of
the prisoner.
The prisoner said he picked it up, and was seeking the
owner, when he was given into custody.
He was found Guilty, gnu ienteneeti to seven years'
transportation, a iormer conviction having been exhibited
against him.

_AL W Coi;/i T.
(Be fore the Col m*/ k`,ERGEANT.)
The Court was engaged the whole morning trying
Mint cases, involving no frature of public interet.

ONLY and COt.ERCiAL NEWS.
CITY, QUARTER TO THREE.
The Cotton M rket at Liverpool yesterday was ac:ve,
8.000 balers having changed hands at the lull currency ot
last week. The sales included 3,000 Areericati.fer ex-
port and on speculation.—lu Railway Shares but little
business was done, and generally at lower prices.
The markets for colonial produce are rather quiet, but
there is no particular change in prices.
Letters of late date have been received frem the prin-
c;pal stock markets abroad. At Vienna on the 6th inst.
the funds were well supported, and shares were higher
at Berlin on the Bth inst.; there was likewise a more
favourable disposition, and improved prices were paid.
At Frankfort on the 9th inst. these was an advance in
Austrian Stock, but no change in other securities. The
Five per Cent. Austrian Bonds were at 73.
A scale of pilot dues has been arranged
at Ostend, which is of some length, but it
may suffice to say, that in summer the-charges will
range from 18f. to 130 e 50c., and in winter from 211. to
139 e 50c. for vessels drawing 14 to 55 decimetres.
The American advices are considered favourable, and
the rate if exchange on England was up to 1081
A most important matter for railway sharehelders in
general is a better system of account keeping, and we
could_wish that there was a little more unanimity on this
point. Some parries are in favour ot the introduction of an
official auditor, paid by the company, and appointed by
the shareholders, instead of the appointment of mere
honorary supervisors, but first in importaece is the adop-
tion ot a stated plan which will serve as a sure founda-
tion for the future, arid remove the admitted complica-
tion that now exists. Mr. Samuel Notley, a professional
man, furnishes acme suggestions for the diauagemsnt of
railway accounts, and a word or two on audit, and among
other remares states:—
" As the accountant proceeded he would meet with
expenditure, which, from its mvgnttude, from the con-
tracts known to he entered into, or from other causes, he
would at once perceive affected revenue for a longer pe-
riod than the year. As regerdid this class, he would
have to bear iu mind the frequent change that is taking
place in the proprietary, and the injustice it would be
to burthen many of whom it at present consisted through
the diminution or their dividend, for the benefit ot those
who might come in afterwards. It is quite clear that by
charging revenue at once with such expenditure, the former
would, in all probability, receive a twofold injury—first,
by a reduced dividend; and, secondly, by the sale:'of
shares at a reduced market price. This class of expen-
diture can only occur atter a lapse of years, through
wear and tear, either of the permanent way or rolling
stock, and when, it is to be presumed, a depreciation
fund' sufficient to cover it would be in existence; but,
whether or not the salutary precaution of making such
a provision had been taken, the accountant, un,
aided by others, would not be the competent party to
decide what portion of such expenditure to charge
to the revenue CA. the current halt-year. It is
only through the watchfulness of the board, or its
finance committee, over the expenditure of the company,
that error under this lead could be guarded against.
The requisite estimate can always be obtained from the
proper quarter, and they have then only to direct the
accountant to be furnished with a copy of their minute,
setting forth how such expenditure is to be treated. We
have heard a great deal about items of this kind being
charged to capital; or, in other wordy to ore of those
accounts in which the capital stands invested; but it is
difficult to imagine how so g eat an error could
be committed without early detection, unless through
the wilful intention of deceiving not only the share-
holders, but the public at large. A mere glance at the
balance-sheet vvuuld show a certain amount of • net re-
venue, hut the avai!abla assets would at once appear in-
sufficient to divide such amount amongst the proprietors.
Would it not, uudor such circumstances, eccur to the
' least initiated in accounts to put the question • How can
such an amount of net revenue have been made, if it is
nowhere to be found?"
We answer unhesitatingly that it would occur to any
one, and that the simple reason why shareholders sanc-
tioned in many instances the payment of dividends
which they were aware bad not been earned was, that
they hoped for such an increase of traffic and general
prosperity as would have maintained the dividends, and
met the deficiency of past earnings. So far a great mis-
take has been made on all sides, and while regretting
that mismanagement or extravaganbe have made the
matter even worse, we have but to hope for better times.
• This is account day in the English Stock Market,
and there has been a rise in cons+ quence, buyers
having taken up stock in many instances. It must be
remembered also that the dividend due in about three
weeks is included in the present Consols prices of 92 to
for delivery. and 92 to 92} or the openieg. The New
Three-and-a-Quarter per Cents. have r.alised 91 to 91i,
and the Three • per Cents. 90i to 901. Batik Stock
is worth 1941. Exch queer bibs have realised 45,. to
•
48s. premium. The settlement is going off tole rebly
well, end the Bulls seem resolved to curry .on their
account', but at the hour of our writing, the
market is not quite so good, in consequeree of the
report of the takieg of Rowe 1)4 having been con-
firmeel. W 0 quote Consols 9li to 92 for transfer, and
921 4 fur ace aunt.
lu the Foreign M4l ket Mexican Bonds are higher,
and it is understood. that there is a remittance

. . ...
for the dividend advised by the steamer from
America, the money being on board the West Indis
steamer n., x= ,• in.. Vt',, o •b, Coupons IVl,xic,n Bto (14
have been 29i 1, mai wil.:l,•n 261 to 27k- Por"hul
Stock but in.,eli ti' 52. B. zli Old Bonds are 79.
Spanish l'irte per Ceillt.,. l-tvt• been 334 I. and Pitrul•
guese Four per et,nt,t. 274- to `28.. Russian Wm -!5
have ben at 101. Desch Two-and-a-lialf pet Cil."'
ure 494.
Railway Share., though quii,t, are firm. Elst'rn
Counties have rt,,:ri a little, and Briattd. and Exeter are
at hiller rates. , North Wes ern, Brighton, Etic., sr°
steady. FL ench Shares are neglected. . .
°AB liLty,l!• 0
. ‘ - t , ftlYkri- '17,1)4 'll.O:As. ,Ta('t s
lank Stock
3 :or Cent. Reduced Ann 5...... .. 9090 A 54 90%
per Cent. Consols Atm' ,:. s 9134 92% 92 SriF9
S per Cent. Annuities.l726 69 •„i
New 3!,( per Cent. Anne....... 9114, 91 91% IV.
~,,,,, A 1115.1.4, expire Jail. 18A S 9-16O -16 ,
Ditto, 30 years, Oct. 10, 1859 8 5-16 8 5-16
'nth,. Bona., 1000 i.. .............
Ditto under 1,0 N-4... ...... ." ,— 66 P
Consols for Opening...
Exchequer Bills I%d & 2d.
1,000/. June 45 48 p 48 P
5001. June 45 48 p 48 P
Small. June
PRICES OF FOREIGN I'lilvin3 CI. CLOe“"'
PRICrS.
0,14)0K.
Brazilian Bonds • 79 79
Ditto, Small 7B 78
Buenos Ayres Bonds, 6 tier Cent. SS
' daexiettn' 5 per Cent. 1846, with Coupons 291434 2.79
Ditto, Ex Coupons ......
Peruvian Bonds, 6 per Cents —
Ditto, 4 per Cent. Active 52 52
Ditto Deferred — ' 14
Portuguese 5 per Cents. .... • --
Ditty, 4 per Cent 216 28 27
qttussian Bonds ... ~.' 101 - 1004
-iii.,.;,. - ,- 0.- ki,),i• It,4k, .... HI,: : • 16,
Ditto, 3 per Cent .... 3 %I 4 3376
Venezuela Bonds, 2% per Cent... • ..-
Dal,•. Acc“tint ............ ,...... . . 0
Dividends on the above payable in London.
Belgian 4 't per Cent --
79%
it-awl, 2% per Cent., 12 Guild AN, .50%
JAM, , 1,.•r Cent. Certificate, lig • 76
i 1 TY WAY SHARES. PAID.
PRICES OF S 0
BUSINESS DONE CL.O .
•kberdeen,
- 50 • .--- • ....
AT ONE O'CI•OOK PRIC".

Do. Preference
°risco. .no Exeter 9O "...... 6514 i .... ....... .. -. 01/2
Ditto, Thirds.
'aledonian
1D
nester and Holyhead... 50
S.,xstern Coueties........ 20 ...N.8%14
Do. New Guaranteed
6 per Cent..... lO ...... 11% x.d ll4 .4
:astern Union, Class A .
(late E. . Shares)24

.
• Do.. Class B(L & B.) 22%
,
E ist Lincolnshire ...... 25
2 ~dinburgh and Glasgow 50 ...... 4
.........-. ••• 1
-.xeter,Yeovil, & Dutch. 238 l%
reat Northern
..... 934 Y 8 ... . 6%
Do., %B 6 per Cent 7% ......
Do. Extension 2%...... %
teat North of England.loo ...... 232
Great. Western ......100 ..... 76
Ditto, % 37%
Shares
Ditto, % Shares
lei
Ditto. New 171... .. . 15 ..: 10% % •
... Lancashire Sr Yorkshire 93
•
Ditto, ditto ............ 91 ..... 65 65
... 74
Do. Thirds —... ...... 15 ..... 7 ...
Do. (W. Riding Union) 9 .. ... 4 ••••••••••*•.-•• 99
Leeds and Bradford
.oniion, Brighton, anti . ' S6ls
South Coast 5O ••• •• 36%% • •••. .....
London and N. Western 100
Ditto, New Quarters.. 7 1614 126 ' l2:
9 LAk
Ditto, Fifths .... .. .. 2 .... 7 ... -. 7
, 84_
.on .. A ' W - stern ...... 50
Ditto, Thirds l6/.138.4.1.... 5%14 dis ..... ..
.5%
_ Aanzth,ter,Buxtou.and

.
viatlock... - -ii - 41 4 1 • - 1
• -
1;'
6 Midland ~.... ..... .... LP'. -- 684 ' ow6."
Do., do., 50i. Shares 25
Do. Birm., and Derby liin
N 4-folk ... ~ ..
Do. Lowestoft (4 per et) 20
. 131
N Tilt Briti:l. - 134••• ..... ••••'••' - , ,
11,1
North Staffordshire 17%...... 12 ......... . . ...
Reading, Guildford, and
Reigate ....... ......... .. 15
34
Royston and Hitchin ... WA..." 3%.. .......... 04
Scottish Central
Shropshire Union - 214
Saab Ertstsr.
Do.. Registered No. 4 10
Do., Scrip No 4
S.mth Wales 3B ...... —......-. —.-
York, Newcastle, and
' 20t
Berwick.
Do. Newcastle Exton. 20 ...... 131/2 . 4/
D. G.N.L.Preference 8 ... - 4144......... ig
York and North Midland 50
..... 31% 32 ... _ moi
Ditte, Preference ...... 10
FOREIGN RAILWAYS. a
. 1
Boulogne and Amiens... 20 - 6%.
Dutch Rhenish .....-.. 7% 3/4.. ...... .... $
s 4
Northern of France...." 13
Orleans and Bordeaux.. 7 ...... 2% 8
Paris and Strasbourg ... 10
Sambre and Meuse 2O ... " 2%

JOINT STOCK BANKS.
British North American 51 1...„,
London Joint 5t0ck...... 10 ••••••

40
l3'

LLOYD'S SHIPPIN G--( T HIS
LONDON, JUNE 12.—Wind W., moderate bret set
fine.

DEAL, JUNE 11.—Wind N.E. to E.N.E.—Arrd. Faul4
Dixon, Honduras.

PORTSMOUTH, JUNE 11.—Wind N.N.E.—SId. VW'
borough, Madras and Calcutta.
LIVERPOOL, JUKE 1/4 irAl Art
Quebec, St. Johu'e, New Brunswick; Johanna, Dttil—
..
Iceland; Freden, nitto. 11th, /Jersey, Cubbar,
Lanham; Ilighlaiid Mary, Berwick, Halifax. 10th, o'
Commerce, Baltimore; Vandalia, New Y,,rk;
Wood, Haiithx. 11th. Montezuma, New York. At
New Yolk, Otopper, New York.
LEITH, JUNE 9.—S d. Sarah, St. John's, New BrUne
Hick; Alton,