The Sun.
London, England, 1847-09-21 00:00:00

LONDON,

the banner of freedom, called upon the people of this
nation to assert their rights—that spirit which is now,
found in all who labour for man's good, whether they
struggle against the inequalties of political existence
whether they contemplate the amelioration of our sys-
tem of punishment, and the abrogation of the mode of
visiting offences, but which does nothing towards the
reformation of the offenders ; whether they seek for the
commercial freedom of the country and the extension
of its trade, or whether they turn their attention to
the present ecclesiastical establishments of the coun-
try, and endeavour to sever things now united which
have no natural relation to each other, but which
would best preserve their purity by being inde-
pendent ; whether they strive by speech or otherwise
to inculcate the great principles which have ever
actuated the great and wise of past ages—they are
all the same band, the same corps, arranged and
organized by Heaven, and with them I would ever
be found. Whatever might be the position among
them which nature and circumstances had deter-
mined I should hold, I would still strive to do my
duty, and share with tkem in their noble efforts, and
have, I trust, at last, this consolation on the bed of
death—that of leaving the world somewhat better
than we found it.—(Tremendous cheering.)
The meeting was subsequently addressed by Dr.
Errs, who proposed the third sentiment.—" May the
Radical Members of the new Parliament prove
themselves th., people's true representatives, by main-
taining an independent position in the midst of party
and faction—an honest band zealously labouring to
free their country from the grasp of monopoly and
privilege—introducing and supporting such measures
as shall tend to the elevation of the millions, and
whether supported by few or many, proving them-
selves true to the principles they hold; by which
wise and prudent conduct they will again call forth
the hopes and energies of all classes of Reformers, in
a demand for right and justice that shall speedily
prove irresistible."

Mr. COOPER supported the sentiment.
Thanks were voted to the chair, and the meeting
broke up.

SOLVENCY OF SANDERSON
AND CO.

A meeting of parties interested in the affairs of
Messrs. Sanderson and Co. was held yesterday, and
the following account of the proceedings will be read
with the highest satisfaction :
At a meeting of parties interested in the affairs of
Messrs. Sanderson and Co., held at their office this
day, the 20th of September, 1847,—Present, S.
Jones Loyd, Esq., in the chair ; Prescott and Co.,
per Mr. Prescott ; Masterman and Co., per Mr. John
Masterman ; London Joint Stock Bank, per Mr.
Pollard; Barnard, Dimsdale, and Co., per Mr. Bar-
nard ; Lubbock and Co., per Mr. Forster; Union
Bank of London, per Mr. Scrimgeour ; Coutts and
Co., per Mr. Robinson ; Dennison and Co., per Mr.
Kennard; Provincial Bank of Ireland, per Mr.
Hewat.

The following statement was submitted to the
meeting :
Total amount of bills running on the
evening of the 13th inst., for which
Sanderson and Co. were responsible ... 1,725,000

Amount paid up to this evening, the 18th
of September .. 194,400
Still running ... , . 1,530,600

1,725,000
Money held at call, and for which se-
curities are lodged with the parties .. 622,569
Money at call, and for which the parties
have no security ... ... ... 168,420

790,989
Total amount owing by Sanderson and
Co. not covered by equivalent security 168,420
Against this uncovered debt, and also the
general responsibility on the bills run-
ning, the following assets are held by
Sanderson and Co. (as per schedule
submitted to the meeting), vim. ... 259,000
In addition to the above, the separate pro-
perty of the partners amounts (as per
schedule submitted to the meeting) to 188,000
After the above statement had been fully exa-
mined, it was resolved unanimously,—
" 1. That from the statements laid before this
meeting, and the explanations afforded by Mr.
Sanderson, it appears that there is sufficient ground
for confidence in the solvency of the concern, and that
the resumption of its operations may be practicable at
no distant period.
" 2. That, with the view of watching the pro-
gressive realization of the bills, and the collection of
the other assets of the partnership, and thus being
prepared to determine with more confidence in the
propriety of resuming the business, this meeting be
adjourned to Tuesday, the 28th inst., at one precisely,
at the office of Messrs. Sanderson and Co., 82, King
William-street

"3. That a copy of these resolutions be trans-
mitted to every creditor, accompanied with the as-
surance that the statements and explanations afforded
by Mr. Sanderson, as well as his general conduct in
the present emergency, so far as it has come under the
knowledge of this meeting, has been correct and highly
satisfactory in all respects."
Signed on behalf of the meeting,
S. JONES LOYD, Chairman.
It will be seen from the above that the total amount
of assets to meet the unsecured debts of the firm
(168,4201.) and the contingencies upon the bills bear-
ing their endorsements, is 447,0001. The valuation
of these assets, it is to be mentioned, has been made
with great care, and it is likewise stated that a
large proportion of the bills on which the house is
liable are of the most unquestionable description,
while at the same time the amount of those which
are bad is less than has been generally supposed.
Under these circumstances, there can be little doubt
of an early resumption.