The Sun.
London, England, 1840-01-03 00:00:00

EVENING V.DITION.

Nothing ?—Yes ; I recollect a meetinitehe re he
showed a want of temper towards myself personally.
Yes, towards yourself, but was there anything tending
to riot or disorder in his conduct ?—I think not.
Have you had any opportunity of observing his public
conduct as a Magistrate ?—I have.
How long was he a Magistrate ?—About three years,
I believe.
During that time have you ever seen anything re-
prehensible in his public conduct ?—I would rather
not answer that question. I have not approved of
his conduct, but he might have believed What he did
to be right.
You have always lived in Newport ?—I have pot al-
ways lived in Newport, but for 20 years.
Have you heard any particular inquiries made as to
his fitness as a Magistrate ?—I have not.
Has his general conduct as an indisidual been proper
in your opinion 2—l should say not.
Has his private conduct been proper ?—I know
nothing of his private conduct, or as to his family.
Did you know Vincent ?—Yes, I have seen him.
What had you to do with his trial '1
—The Magis-
trates under the Government were his prosecutors. I
know nothing otherwise.
Do you not know that the supposed treatment of
Vincent since his teal has been the subject of public
complaint ?—I only know it by seeing it in the News-
papers.
The Attorney-General objected to this course.
The Lord Chief Justice—Then you must produce the
Newspapers.
Mr. Kelly replied.
The cross-examination resumed.
Do you know that complaints have become public
and notorious as to Vincent's treatment since his trial ?
—I do not, except from a partial Paper, which is said to
be edited by him, called the IVcstern Vindicator.
y
Do you not know that his treatment has been the
subject of discussion with the Magistrates ? No, I do not.
You do not act with county Magistrates, do ou ?
No ; the motion was proposed by' the public meeting on
the subject of the Chartists.
And directed against them ?—I suppose, as far as
supporting the lawful authority might 1r ;supposed to be
directed against them.
On the 4th of November were you at N.e.skile rt the
whole of the Sunday ?—I was.
At what time did you receive intelligence of a .2a-
turn to lead you to supply special constables ?—So fa.r
back as the Thursday, which led me to make inquiries
which induced me, on the Saturday, to Siva orders for
special constables, but oot for the Sunday night.
When was any one first taken into custody ?—I
should think as early as twelve o'clock on the night of
Sunday. and all persons taken into custody were brought
to the Westgate Inn, where Mr. Brewer ald myself
were sitting.
Captain Gray was then called, and was being exa-
mined when our express left at half-past four.

In the course of the day the Grand Jury found true
bills against Thomas Morgan, Thomas Davis, Lewis
Rowland, Samuel Etheridge, John Fisher, John Batten,
the younger, and William Jones, for conspiracy and
riot ; and against Edward Pillenger fol• riot.

MONEY MARK.ET and CITY NEWS.

•
(THURSDAY EVENING.) ,
TlMES.—Attention has been called to an latleertise-
ment which appeared in the Times of the 31st. o.c De-
cember, which states that the shareholders of the
" London Trades Bank, late 34, Gracecbureh-street,”
had resolved that all persons having shares in that
Bank, should be called upon to contribute 15/. cacti, to
raise a fund for discharging the debts of the ConapanY,
and gave notice to all shareholders to pay such ",fib'
scriptions" without delay, as at the end of ten
(from the 30th of December) the shareholders who had
devoted their time and attention to the obligations I)!
the Bank, would feel compelled, in justice to them-
selves and the creditors of the company, to furnith
the names of the parties who had not subscribed
to the said fund, " that such measures might be
adopted by the creditors as they might deem advis-
able." Curiosity having been excited as to the
origin of a Company which was the subject of so extra-
ordinary an advertisement, reference was made to two
prospectuses, one of the " London United Trades'
Bank," and the other of the " London and Dublin
Trades' Bank," both of which are addressed 47, Skinner-
street, Snowhill. These seem, in fact, to be one and
the same concern, which afterwards moved to 34,
Gracechurch-street, the address mentioned in the
advertisement.
is
stated
nltn2toho,ooip
efi first o
inf
2t
oh !Os;
o prospectusesshares
o f theol
capital .
each ; 'deposit 2/. 103. per share. In the seoond, the
capital is stated at 1,000,000/., in 10,000 shares of 10/.
each ; deposit 1/. In both of them it' will be
seen that 10/. was the highest amount of capi-
tal to be furni'hed by each shareholder, and yet
by the advertisement each is called on to pay 151.,
or 50 per cent. more than his apparent liability. No
account is taken of the number of deposits which dif-
ferent proprietors have paid, but all are heaped together
under one category, and the payment of 151. is held
forth as the only condition on which the shareholder
shall not be saddled with ail the liabilities of the Com-
pany. Its embarrassments must have been of some
most unusual and extraordinary kind, when such large
funds arc required to meet them, even at the lowest
calculation. If it is the Company with 20,000 shares,
(hat would make it 300,000/. ; if the larger one of
100,000 shares, 1,500,0001. Where and how it has
carried on its business seems to be a mystery, and
scarcely any ono in the City knows anything about it.
The business done by it cannot, therefore, have been
large.
The principle of doubling the shilling to obtain de-
cimal division appears to have occurred many years ago
to a. merchant of considerable -experience inf foreign
coinage. He found the' double shill:l4.:4eady exist-
ing in the Eastern rupee, and, like thC pibijosers oldie
first scheme mentioned in the Times of December 31,
divided this value into 100 farthings, likewise creating
a coin to represent .the 10th part of this rupee, which
was to be called a " pope." The shilling-and-the six-
pence were respectively to represent 50 and 25 far-
things, and thus this scheme did not is the slightest de-
gree vary from the other, save that the ingenious appli-
cation of the great penny formed no part of it. A
device to prevent the excessive smallness of the piece
of ten farthings deserves attention, and that is, the
coining of such pieces with a hole in the middle, after
the fashion of the small Chinese coins. The proposer
of the rupee scheme strongly recommended the piece of
four shillings (likewise proposed in both the schemes
published on the 31st December), which was to become
a substitute for the Spanish dollar, and as such be a
legal tender in every British dominion beyond the seas.
The Seigaorage on these coins, would, it is said, afford
ample profit to the Mint to call them in and re-coin
every tenth year, and yet not enough profit to induce a
counterfeit.

POST.— We mentioned a few days since that a lead
ing firm at Liverpool had expressed its intention of
discounting bills at the lower rate of .5 per cent. per
annum at the commencement of the new year. The
accounts rece:%ed this morning from that place corn-
municate the fact that the intention thus announced
had already been carried into execution, the old and
eminent banking establishment of Leyland and I3ul-
- having afforded accommodation to their customers
at the interest named without the addition of any charge
for commission. This is considered an important feature in
the commercial aspect of the times, as many persons are
disposed to think that the example of Messrs. Leyland
and Co. will, in all probability, be followed by most of the
leading bankers in the same neighbourhood, and possibly
in the capital and other parts of the kingdom. Sach
being the impression, the Public Securities have
advanced a per cent. on yesterday's closing value.

HERALD.—Money continues in full demand upon
the Stock Exchange, and many in -the house maintain
that money to nearly the amount of the forthcoming
dividends will be required to take up advances made on
different securities during the shutting of the Bank
books at the period of their payment. Thus, it may
be said, that as regards the Stock Exchange, the divi-
dends arc pretty well bespoken, which rather augurs
that money would be in demand until the opening.
In our commercial discount market, paper of the
highest class has been done under the Bank of Eng-
land rates ; to-day, the notice of the Liverpool banks,
that they would make advances on discounts at five
per cent., without commission, would come into opera-
tion. These circumstances have revived the impres-
sion, that the Bank of England Direction would make
some alteration in their notice : nothing, however, has
transpired upon the subject. The operation on the part
of the Liverpool banks, to which we have just referred,
will have the effect of taking a good deal of the first-
rate paper out of tnis market, and will probably tend to
promote the easiness of the commercial money markets
in general.

SUN.—The principal commercial markets have been
in a very firm state to-day, not excepting Tea, though so
large a quantity as G,400,0001b5. are deolared for the ap-
proaching sales. The sales of Mocha, East India, and
other Coffees have gone off very steadily. Confidence
in the City is on the increase, though some slight disap-
pointment was experienced this afternoon at the non-
issue of a notice from the Directors reducing the rate of
interest to 5i or 5 per cent.
'The Funds appear to be on the rise, the pressure for
money appearing to abate almost daily. We hear that
discounts on the first class of paper have been effected
at 5 per cent. to-day, without any charge for commission.
If this state of things should continue the Directors of
the Bank must soon reduce their rate of interest.
Consols for Account left off very firmly this after-
noon at 924 y ; Exchequer Bills at par to 1 prom. ;
Reduced Annuities at 914 ; and India Bonds at 4 6
discount.
Great Western Railway Shares have advanced to
5 discount, Brighton to 12 discount. Manchester and
Leeds (new) to 5 prem., and the North Midland to
8 discount.
Canada Campany's Shares have been sold at 3} to
3 disc. per Share.