The Sun.
London, England, 1846-09-04 00:00:00

1' _EI 141, SUI 4, LONDON, FRIDAY EVENING, SEPTEMBER 4, 1A4&:

THE TIMES TESTIMONIAL.
On Wednesday a most sumptuous entertainment was
given at the London Tavern by the committee who had
conducted the public subscription for " the Times Testi-
monial "to the proprietary of that journal. The Right
Hon. the Lord Mayor presided on the occasion. The
company consisted of the Governor of the Bank of Eng-
land, the Baron L. do Rothschild, Mr. Masterman, M.P.,
Mr. T. Baring, M.P., Sir George Larpent, Sir Alan
Napier Macnab, Mr. Walter, Sir Peter Laurie, Sir
George Carroll, Mr. Alderman Wilson, Rev. Dr. Rice,
Mr. Peter Laurie, Mr. John Noble, Mr. S. Briggs, Mr.

R. A. Gray, Mr. J. P. Gassiot, Mr: Holford, Mr:J. D.
Powles, Mr. W. H.Ashurst, Mr. W. Tite, Mr. F. Pegler,
?Messrs. T. and W. Piper, Mr. T. M. Alsager, Messrs.
J. and H. F. Walter, Messrs. W. F. A. and J. T. Delane,
Mr. Tyas, arid Mr. J. F. Neilson.
Mr. Alderman Hughes Hughes was the vice-president.
After the healths of "The Queen," " The Queen
Dowager, his Royal Highness Prince Albert, Albert,
Prince of Wales, and the rest of the Royal family,"
which were drunk with all the honours,
The LORD MAYOR proposed " The Army and Navy."
He was pleased on the present occasion to see before
him a distinguished individual who might be said pecu-
liarly to represent all branches of the toast he had thus
indicated—he meant Sir Alan M‘Nab, whose health in

connexion with " the Army and Na;y, ships, colonies,
and commerce," he begged now to give."—(Cheers.)
Sir A: M'NAB felt quite taken by surprise by the as-
sociation of his name with the toast which had just been
proposed, and quite unable to express in adequate terms
his acknowledgments for the compliment. He begged
in the name of that loyal and gallant body of men, who
had done some service to this country, to return them
thanks for the manner in which they had received the
toast he had thus inadequately acknowledged.—(Cheers.)
The LORD MAYOR, in proposing the next toast said,
he was sure they 'were all perfectly aware of the object
of their present meeting. It was to express the admire
tion they entertained for that valuable—he would say that
invaluable—set of gentleme4 who conducted the Times
newspaper, and defended so conspicuously the rights of
the public in the conduct of that establishment.—(Hear.)
This he would say with refercnce to that paper, while
there was no party that would, do more justice to an
honest man, although he might be the accused, none
could take more pains than those wbo had the adminis-
tration of the Timestorender entire justice to individuals

in such circumstances, to bring them through public ac-
cusation, and enable them to retain their position in
society, if they thought them innocent.—(Loud cheers.)
With that feeling he maintained that a publication of
that kind, under the public•spirited conduct of those
gentlemen who composed the body having the control of
the Times, was most valuable, most essential to the in-

terest of society.—(Loud cheers.) In thus proposing
" the health of the Proprietors of the Times," he was
greatly delighted to find that his Hon. and excellent
Friend, Mr. Walter, sat on his right.—(Cheers.) He very
well knew that that gentleman had for some time had
very little to do with that paper, but still he believed his
anxiety on all occasions to see justice done in the limes
to the interests of the community was so great, even
if his hand should never be out of his pocket, that he
would do anything to carry out the objects of the establish-
ment. And, therefore, he begged to propose the health
of Mr. Walter (Cheers)--as one of the original pro-
prietors of the Times—(Cheers)—a gentleman who had
taken a great interest in its conduct, to whose enter-
prise, intelligence, and judgment, much of the success of
that newspaper was owing— (Cheers)—a gentleman who,
as a Member of Parliament, was the first to take up the
Poor-law question—(Loud cheers)—and who, in all his
arrangements in public and private life, had done such
invaluable service to society—( Loud cheers)—he begged
to propose " The health of Mr. Walter, and prosperity

to the Times newspaper."
The toast was drunk with all the honours.
Mr. WALTER then addressed the company in the fol-
lowing terms :—I cannot express how deeply I feel the

honour you have done me: I can hardly' so much as
acknowledge in the simplest terms any of your Lord-
ship's expressions of kindness, as intended for myself, so
far do they surpass anything that I could claim or ex-
pect. Connected as I have been throughout life with
the trade of London, it is most gratifying to find, at this
time of day, that I possess your good opinion'to such an
extent. From this city lam myself sprung, and what-
ever I have or am is owing to my exertions within its
bosom, and, the favourable manner in which they have
been there received.—(Hear, hear.) The occasion on
which you are met is <me for which I cannot remember

a parallel.—(Cheers.) You will excuse me, then, if I
feel some embarrassment in referring to it. You have
put up in that splendid edifice which is the com-
mercial centre of this metropolis, not
,to say of the
world, a perpetual memorial to the honour of a por-
tion of the daily press. It is needless to say how many
might covet the distinction you have given to;one. But
there is no occasion for jealousy. You have . not under-
taken the invidious task of deciding between the political
merits,'-the independence, the ability, the eloquence of
the daily papers. On those points the public are the
judges.—(Hear, hear.) With them your memorialists
and this day's festivities have nothing to do. • One single
act has called forth these flattering, these overpowering
testimonies—(Cheers)—one single act, not above the
honourable desires of other journals, but -possibly be-
yond their means of execution.--(Hear, hear.) When
all are doing what they can to serve the public, the
Times was fortunately enabled to do what it did by the
manifold resources at its disposal—its numerous and
trustworthy continental agents, its regular correspond-
ence, and the other facilities of an establishment which
has grown up into unprecedented magnitude.—(Loud
cries of " Hear.") But I need scarcely say—for nowhere
are the ways to greatness better known than in this
City—that this journal could not have achieved the
service you this day reward, unless it had been long and
successfully engaged in similar labours.—(Hear, hear.)
Its power is the fruit and the proof of its honest ex-
ors.)Youwilelaheeuarh respecting
p eai nmy ig
n the.
single
ex-
ertions.—(Cheers.) s Ceb.—ot(tomheof the table g act which you are commemorating It
is
not necessary
for me to go into details, with which some of you are
much more familiar than I am. The case was laid be-
fore me at the time in A 'general way.;' and my advice •
asked. I certainly gave Amy advice and assistance, and
they were such as you have this day done me the honour
to think that I was likely to offer.—(Hear, hear.) But
lest I should seem to take more than my due, allow me
to declare why I so readily accepted your flattering ia-
vitation. A comparison, ,not inappropriate to this place
of hospitality, will explain my meaning. An English-'
man may be visiting another country, or may have
adopted it for his own home. His affections may still
be in the land of his birth, the land of his education, of
all his earlier, of all his dearest connexions. He is pre-
sent at a festive meeting, itnd hears a toast given, which
his presence has Possibly suggested—" England," and
perhaps his own name associated with it—" England,
and such a one." The toast would be flattering to him,
to his national and honest pride.-(Hear, hear.) If,
besides, he had been something of a political or public
character—(Hear hear)—if, before he had left his na-
tive land, he had assisted at those very councils which
had endeared his country to those new friends by whom
he is surrounded—if he had been known for the
part he had taken in any great work of British enter-
prise,-British art, or British humanity—his satisfaction
would be increased.—(Cheers.) He is an Englishman,
though absent from his native land. Such is my position
with regard to the Times. It is my literary and politi-
cal country ; and dear to me it is.—(Cheers.) And so
are those by whom it is conducted, upon the honourable
principles upon which it was always conducted in its pro-
gress to its present celebrity—(Cries of " Hear, hear")
and in conformity with that advice and those counsels
which age and experience have enabled me to offer.—
(Great cheering.)
.In speaking of the memorial which

has been the occasion of this day's meeting, I had al-
most forgotten another, which promises to be still more
durable, and which on many accounts is even of a more
gratifying character. I mean the exhibitions which
you have founded in two of our chief metropolitan
schools. This method of recording your sentiments is
of the noblest and most characteristic kind.—(Cheers.)
It may enable a youth to pursue those studies, and make
those attainments, which will qualify him to act an im-
portant part in the literature of his country,without which
aid he might have pined in poverty, or sunk in vice.
Happier-be the fate of genius among us ; and yours be
the approbation of your own hearts for having made this
effort to raise it. Gentlemen, you have consulted the
highest interests of the public by showing that you have
your eye on the press.—(Hear, hear.) The press has
been called the fourth estate. It is not for me to say
whether it be so; but every reflecting man must admit
that it is a powerful instrument for good or fir:,evil.
The public, therefore, have a deep interest in the inte-
grity and judgment of those by whom it is directed.
For my own part, I would always recommend that the
strictest vigilance be shown by the public with regard
to those persons who are supposed to influence its
movements, since nothing tends so much to corrupt the
best institutions as unlimited confidence and the absence
of contro!. The press is exposed to unexampled tempta-
tions.—(Hear, hear.) Politicians and speculators are
only too happy to secure its assistance, or its silence, by
a share in their public or their private spoils. In fact,
the bribery at the disposal of speculators in one species
of enterprise, and of statesmen and politicians in the pro-
motion of their views and the attainment of their objects,
is enough to corrupt all the newspapers in the kingdom.
—(Loud cries of" Hear, hear.") If this great and in-
creasing
power of the press is to be cherished in a right
direction, I do not know where it can look for support
except to the commercial and other great interests of
the country. By none are strict integrity, truth, open-
ness, and strightforwardness more prized.—(Cheers.)
You know that the complicated and delicate structure
of the mercantile system depends on the maintenance
of these qualities.--(Hear, hear.) They are your school
and your code.--(Loud cheering.) You quickly detect
their absence; and, as all may see by the example of
this day's proceedings, you immediately perceive their
presence, and no less promptly reward it.—(Hear.)
With all my partiality for the press, you will see that I
am not blind to its faults. It is a really free press lam
advocating. It is in your power to preserve the free
press. To the immeasurable value of that influence I
will quote the testimony of one of the most celebrated
men of his day I mean Mr. Sheridan. With
all his faults, I question whether we shall see in our
time a man of equal talents, or more consistent
' politics. These were his words:—" Give me but the
liberty of the press, and I will give to the
Minister a venal House of Peers—l will give him a
corrupt and servile House of Commons—l will give him
' the full swing of the patronage of office—l will give him
the whole host of Ministerial influence—l will give him
' all the power that place can confer upon him to purchase
up submission and overawe resistance—and yet, armed
with the liberty of the press, I will go forth to meet him
undismayed—l will attack the mighty fabric he has
reared with that mightier engine—l will shake down from
its height corruption, and bury.it beneath the ruins of
the abuses it was meant to shelter."—(Loud applause.)
Gentlemen, I beg to repeat to you my thanks, and the
expression of my feelings also, so a; as I SS:I able toex-
. PM thernii.(cliters,)
•

Mr. WALTER again rose 'and said, though the honour
of proposing the toast, with which I shall conclude,
might have been assigned to an abler person, yet I am
sure that'none could have undertaken it with more zeal
than myself. The occupant of the civic chair has a rare
combination of functions to discharge, and should,
therefore, have a rare combination of virtues ; as public
spirit, ability for business, a nice sense of justice and
honour, good temper, and warm social affections.—
(Great cheering.) You will indicate your opinion
whether these high qnalities are united in our present
chief magistrate, by the manner in which you receive
the toast. I therefore now propose, " The health of the
Right Hon. the Lord Mayor."—(Great cheering.)
The LORD MAYOR, in acknowledgment of the toast,
said, he felt that his Hon. and excellent friend Mr.
Walter had depicted precisely what a Lord Mayor
should be. He was only sorry his humble abilities had
not enabled him to realise the views of his highly
esteemed friend. Before sitting down he begged to pro-
pose the next toast on the list—" The health of their
honorary secretary, Mr. Alderman Hughes Hughes ;"
on whom so much duty had devolved in the course of the
committee's operations, and who had so admirably per-
formed his functions that the committee bad subscribed
to present him with a salver commemorative of his im-
portant
services, which he now begged to present to him
as a memorial, not valuable so much on account of its
intrinsic worth as of the part he had taken in conduct-
ing to so successful an issue the Times testimonial.
Mr. Alderman H. HuonEs then rose and said—My
Lord Mayor and Gentlemen,—l feel deeply grateful for
the kind compliment paid me by my brother committee-
men in the unanimous resolution engraved on the salver
now presented me in their name in such handsome terms
by your Lordship, to whom I beg to express my best
acknowledgments. lam happy to avail myself of the
opportunity thus afforded me of reviving in the recollec--

ti-on of those present some of the circumstances con-
nected with the movement now so successfully perfected.
The deeply-ramified conspiracy exposed in the trial
" Bogle v. Lawson," was concocted in 1839, and had for
its object the plunder of the 'principal European bankers
to the extent of about 1,000,000/. sterling, by means of
circular letters of credit, purporting to be of Messrs.
Glyn, Halifax, Mills, and Company. The Times jour-
nal was instrumental in exposing this enormous super-
structure of fraud. The proprietors of that most able
and influential journal, at immense risk in the first in-
stance, laid bare, by their publication, that most nefa-
rious conspiracy, and afterwards, with spirit, ability, and
uncompromising integrity, sustained and completed the
exposure. It was universally felt that the unmea-
sured praise and warmest gratitude of every honest
member of the community were due to the proprietors
for this display of public spirit, energy, and fearless-
ness, and that the exposure of such schemes by the
public press was of incalculable value to the public
in general, and to the commercial part of/ the com-
munity in particular. Although, ther(efore, the
triumph of the Times was signal and complete, the
mercantile public could not content itself with silently
congratulating the proprietors of that spirited journal
upon their victory, but, regretting, in common with all
who wish well to justice and detest crime, that that vic-
tory was obtained at such an enormous cost, and also
that the proprietors refused to allow the public at large
to express its gratitude by reimbursing them their
outlay, determined to take measures for-recording in a
more permanent and substantial manner, the sense of
obligation conferred by them upon the commercial
world. Accordingly Messrs. Rothschild, Masterman,
Baring, and others of the leading merchants and bankers
of the City of London, in September, 1841, requested the
then Lord Mayor to convene a meeting on the subject,
which was held at the Mansion-house on the Ist of Oc-
tober in that year, and over which the Lord Mayor pre-
sided. Resolutions were passed, and a subscription
opened; and, notwithstanding it was limited in the case
of firms to ten guineas, and of individuals to five guineas,
upwards of 2,7001. was immediately raised. The sub-
scriptions were 555 in number, and, as will be seen from
the following analysis, the compliment thus paid to the
Times proceeded alike from all classes of the commu-
nity :-38 public companies; 64 magistrates and officers
of the Corporation of London; 58 London bankers and
joint-stock banks; 129 London merchants; manufac-
turers, and traders; 116 country bankers, manufacturers,
and traders; 21 foreign bankers, merchants, and public
companies ; and 129 individuals andi anonymous. The sub-
scription from foreign bankers, merchants, and public
companies were from Alexandria, Antwerp, Cadiz' Cal-
cutta, Cologne, Dantzic, Florence, Geneva, Hamburgh,
Laguayra in South America, Macao, Malta, Messina,
Naples, Newfoundland, Ostend, Paris, Venice, Vevey,
and Wiesbaden—thus literally embracing the commer-
cial representatives of different languages and blood
from Antwerp to Cadiz. Of the sum so raised, nearly
1,8001. was invested in the purchase of 2,0001. Three per
Cent. Consols, in the names of the Lord Mayor, the
Bishop of London, the Governor of the Bank of England,
and the Chamberlain of London,. all for the time being,
the dividends to be applied to the support of two scho-
larships, to be called " The Times Scholarships," in con-
nexion with Christ's Hospital and the City of London
School, for the benefit of pupils proceeding from those
institutions to the University of Oxford or Cambridge ;
and 150 guineas has been expended in the erection of a
commemorative tablet, with a suitable inscription, in
the New Royal Exchange, and a similar one at the
Times printing establishment. All these objects have
been most satisfactortly carried into effect; and tablets,
commemorative of the establishment of " The Times
Scholarships"have been placed in the Grammar-school of
Christ's Hospital, and on the principal staircase of the
City of London School ; the former erected at a cost of
above 150 guineas, bears the following inscription:--
" This Tablet was erected to coml.:ltinerate the foundation
of a scholarship for the benefit of the pupils of this house,
proceeding to the Universities of Oxford and Cambridge, to
be denominated The Times Scholarship,' which was esta-
blished out of a portion of a voluntary subscription, made by
many merchants and bankers of London, and other commer-
cial places, in testimony of the warm admiration and grateful
sense entertained by them of the indefatigable perseverance,
distinguished ability, and unsparing disregard of expense,
displayed by the proprietors of the Times newspaper, in the
detection and exposure of the most remarkable and exten-
sively--fraudulent conspiracy ever brought ,to light in the
mercantile world, which was developed in the trial of 'Bogle
versus Lawson,' A.D. 1841.
" The proprietors of the Times having generously declined
to accept any portion of the subscription, it was devoted to
the foundation of two scholarships for the encouragement of
education for ever : one of which is assigned to the pupils of
Christ's Hospital. "July 26, 1842."
The following is a copy of the inscription on the tablet
in the City of London School:—
This Tablet was erected
as a perpetual Memorial of the foundation of the
Times
th Scholarships;
the
Cityof
one in connexion London School,
the other with Christ a Hospital,
for the benefit of Pupils proceeding from those Institutions
to the Universities of Oxford and Cambridge.
The Endowment of these Scholarships
was effected out of the proceeds of a subscription
entered into by
English and foreign merchants, bankers,
and other persons interested in the
preservation of mercantile confidence and security.
To testify their warm admiration and grateful sense
of the moral courage, indefatigable perseverance,
and distinguished ability shown by the
Proprietors of the Times Newspaper,
A. D. MDCCCXLI,
in the ready detection and fearless exposure
of a most extensive and fraudulent Conspiracy,
which, from its subtle and daring character,
was unparalleled in the Annals of Commerce.
These distinguished Services
derived an additional lustre from the
unexampled generosity and disinterestedness
of the Proprietors,
in their refusal to be reimbursed any portion of the
heavy expenses incurred in the progress of
their noble and arduous exertions.

The Honorary SECRETARY having again returned
thanks for the compliment which had been paid to him,
sat down amidst loud cheers.
The LORD MAYOR next proposed "The health of the
Governor of the Bank of England, the Bishop of London,
and the trustees of the Times exhibitions."
Mr. HEATH, in acknowledging the toast, said tha con-
duct of the proprietors and editors of the Times well
entitled them to the gratitude of all commercial men ;
indeed, he might say that, as the representative not only
of all the bankers in London, but of all in Europe, uo
eulogium too high could be pronounced upon them.
The LORD 111AY3R had great pleasure in next pro-
posing the health of John Mastorman, Esq., M.P.
Mr. MASTERMAN felt truly obliged for the kind man-
ner in which his health had been proposed.
The LORD MAYOR next proposed " The health of Mr.
Thomas Baring, and the Members of the House of Com-
mons," which was drunk with loud cheers.
Mr. T. BARING, M.P., said that, with reference to the
immediate occasion of the present meeting, to nothing in
this country was the House of Commons more obliged
than to the Times newspaper for a faithful and honest
report of its proceedings.—(Cheers.) He repeated that
to none should the whole of the Members of the House
of Commons be more grateful than to the Times, because
in its columns they found good speeches faithfully re-
ported, and when bad speeches were made, their flimsy
materials were put in the most becoming dress.—
(Cheers.) They were met on the present occasion to do
honour to the honest exercise of a great power.—
(Cheers.) He might differ from some who were pre-
sent, but he would fairly state his opinion, that though
he might differ from the political and commercial views
of the Times, and the manner in which those views were
advocated, there could be no difference of opinion as to
the talent, the zeal, the perseverance, the integrity with
which its power was exercised—(Cheers)—as well as
its freedom from Ministerial and Government control,
which constituted it a most useful organ in the state.—
(Loud cheers.) They all knew the power of the press;
they had heard in the course of the evening the words
of Sheridan, which immortalised it. No doubt there
were many evils for a public press such as the Times to
attack, many abuses to expose, but it might truly be said,
although occasionally a modest individual might be the
victim of public exposure, yet in the aggregate there
could be no doubt "the fourth estate" exercised its
powers with propriety, ability, integrity, and usefulness
for all classes of community.—(Cheers.) Whatever
difference there might be among them in politics, of this
there was but one opinion in regard to the Times.—
(Cheers.) He happened to know the circumstances of
the conspiracy whose success'ful exposure by the Times
they had met to celebrate. Very early in the progress
of its discovery, Mr. Dobie, the solicitor for the Times
—whose constant activity, zeal, an,-; judgment, were en-
titled to the most honourable mend(' n in that company
—(Cheers)—communicated with the correspondents of
the firm of which he was a member. i. was a compli-
cated scheme of fraudulent continental co.vispiracy ; the
greatest danger existed that it would be c,,rried out by
numerous and skilful agents. The Times was
,the first to
disclose it ; the Times was the only power to stop it ; an&
the Times having done thus much, having gained all the
good for the commercial world the immediate exposure
of the villanous scheme. could. afford, might,
•in the tilleeMtietY 0 the, law 0 libel, With the

difficulty of procuring evidence, have rested satisfied
with the attainment of the object it had then accom-
plished. But no ; the Times showed its energy, the cor-
rectness of its information, its indefatigable zeal and re-
sources, in completely disclosing the fraud ; and richly
had the talent, public spirit, and devotion of its con-
ductors earned for them that " Testimonial " in the
Royal Exchange, which but feebly expressed the unan-
imous approbation of the commercial world.—(Loud
cheers.) He hoped the House of Commons, of which
he was a Member, would on all occasions exercise the
same zeal, honesty, and integrity in detecting fraud and
punishing crime which had been so successfully mani-
fested by the Times journal.—(Loud cheers.)
The LORD MAYOR next proposed " The health of
the Magistrates of the City of London," whereupon
Sir P. LaunrE returned thanks.

The Loup MAYOR next proposed " The health of Mr.
Dobie, the solicitor to the Times," whose talent, skill,
and industry had done so much in procuring the evi-
dence on which the exposure of the fraudulent conspi-
racy depended, and to whose efforts the public at large
were greatly indebted.—(Loud cheers.)
Mr. WALTER, in Mr. Dobie's absence, felt very un-
willing that this toast should pass without remark. He
regretted Mr. Dobie's absence, but he hoped he might
be allowed, in one word, to acknowledge the compliment
which had been paid to that gentleman, and to express
his own sense of that gentleman's distinguished merits.
The LORD MAYOR next proposed the health of his
excellent and worthy friend Baron Rothschild, whose
name alone would give character over all Europe to the
proceedings of such a meeting, and whom be had great
pleasure in seeing amongst them that evening.—(Loud
cheers.)
Baron ROTHSCHILD, in returning thanks, expressed
his surprise that such a toast had been given from the
chair. It certainly was not in the list of toasts be had
seen, and he had at all times great diffidence in ad-
dressing a...public assembly. If he were to express his
opinions on that occasion, he should merely be repeating
what his excellent friend Mr. Baring had so well said.—
(Cheers.) A debt of gratitude we felt they all owed to
the proprietors and other gentlemen who were connected
with that powerful organ, the Times newspaper, and its
successful exposure of a great and well-organised system
of fraud would be long remembered by all who were
connected with commercial pursuits.—(Cheers.)
Mr. Alderman HUGHES HUGHES next proposed the
health of Mr. John Walter, jun.—(Cheers.)
Mr. J. WALTER, jun., briefly acknowledged the toast.
The health of Mr. Tite, the architect of the Royal Ex-
change, was next proposed amidst loud cheers, for which
that gentleman returned thanks in a neat speech.
The LORD MAYOR next proposed the health of Dr.
Rice, the head-master of Christ's Hospital.
The Rev.Dr.RICE returnedthanks in a speech ofgreat
ability and eloquence, in which he eulogised the public
spirit and manly virtue of the Times proprietary.
The LORD MAYOR next proposed the health of those
excellent and able gentlemen who took the most active
part in the management of the Times newspaper.
Mr. J: T. DELANE, in his own name, and in behalf of
his colleagues, briefly expressed his deep sense of the
kindness of the Lord Mayor and the gentlemen present
for the manner in which they had drunk the toast.
Mr. J. D. PowLus begged to propose a toast. He
was old enough to recollect the introduction of the first
" City article," a feature which had been continued in
every newspaper since. He could bear his testimony to
the great honesty, integrity, ability, and zeal with
which that department in the Times had from the first
been conducted.—(Cheers.) This he would say, that
those in the City who felt it necessary to communicate
with this department of that large and influential jour-
nal, had always received from his friend Mr. Alsager
the most respectful attention upon all occasions. —(Loud
cheers.) For one, he felt deeply grateful to him. The
public possessed in that department the most useful
communications collected from all quarters, and exhi-
bited in a well-digested and lucid form. None of the
other newspapers had in that respect at all approached
the Times, and he defied any one to detect in any por-
tion of the City article anything like partiality.—(Loud
cheers.) This compliment was due to his friend Mr.
Alsager ; to him the whole of this great merit was
owing ; and he had no doubt that the company would
think that their duty to the Times was ill-performed
without paying that gentleman the mark of respect to
which he was entitled.—(Cheers.)
Mr. ALSAGER said, that however incompetent he
might be, and however he might look around him for
assistance on that occasion, yet, in responding to such a
compliment, feeble as he was, he must sustain the whole
weight of it. He could assure his worthy friend who
had proposed the toast, that he felt very deeply the
compliment paid to the department -to which he hap-
pened so long to belong. It was now four times seven
years since he appeared in the City as the medium of
commercial communication between it and the con-
ductors of the Times. During that time he thought he
might say, without at all invading the province of truth,
he never betrayed a friend, nor made an enemy. The
principle by which all were governed on the establish-
ment was the feeling of public independence, each being
emulous, irrespective of party concerns, to perform con-
scientiously the important duties entrusted to him.—
(Cheers.) If he ever failed, it was only from want of
capacity.—(Loud cheers.)
The party then partook of coffee in the drawing-
room.

The proceedings terminated at eleven o'clock.

NATIONAL SECURITY BANK.
(FROM A CORRESPONDENT.)
In a country like this, which has attained its position
as the most powerful nation in the world solely by its
commercial credit and resources, any proposition which
is calculated to preserve and invigorate that germ of all
its prosperity, must be an object of public interest. Our
advertising columns of this day contain the announce-
ment of a banking project upon a novel combination of
principles, which we are convinced will meet with
general commendation, proportioned to the great benefit
which cannot fail to result from such an institution.
Oar warnings have been many. We all recollect the
hurricane of distrust and insolvency which not long since
swept away the joint-stock. banks of the. United States
before it. The periodical 'convulsions we have experi-
enced at home have proved destructive to numbers of
private banks, and the repeated fall of some large joint-
stock establishments of our own from time to time, an-
nounces that their foundations are yet unsettled. A
more meritorious object, in a commercial view, than that
which proposes to introduce a system tending to bestow
upon them the needful stability, we cannot imagine.
The title of the National Security Bank, to which we
refer, sufficiently indicates its character. As its name
imports, it binds itself up with the financial credit of the
country. Assuming the true functions of a bank, it pre-
sents itself as the safe depository of capital, and the con-
venient instrument for affording those facilities which
fall within the banker's legitimate operations. On the
other hand, it excludes all possibility of lending encou-
ragement to reckless speculations, of yielding to the
necessities of private_ interests and connexions, or of
aiming, by increased risks, at the accumulation of
greater profits.
As long as different classes of society exist, with
various wants in their own peculiar circumstances, banks
will be found to adapt their transactions to the calls of
their constituents, from the' inflexible severity of the
Bank of England down to the lax accommodation of
houses in the most speculative manufacturing districts.
Between these extremes the National Security Bank
occupies, for the first time, an intermediate station.
With an unimpeachable stability, it will offer induce-
ments to the general customer, which combine in them-
selves every advantage for which a banker's doors ought
to be opened.
An ample field, we apprehend, presents itself in the
metropolis for the operations of such an establishment.
A remarkable diminution has taken place in the number
of private bankers, hardly replaced, considering the
continued and vast accession to its population, by the
joint-stock banks that have more lately been founded.
In a still greater degree, perhaps, the growth of its mer-
cantile business has been developed. The crowded state
of the counters of the principal houses, often attended
with inconvenience to the customer, sufficiently illus-
trates this observation.
We recommend our readers to the perusal of the
prospectus with these remarks, which we have no doubt
will be confirmed by their deliberate judgment. The
plan will, we hope, be received by the public, and re-
warded with that measure of success which we sincerely
believe it to merit.

DERBY ELECTION.
THE POLLING.—RETURN OF MR. STRUTT.
DERBY, THURSDAY AFTERNOON, FOUR O'CLOCK.—
The election has just terminated in the triumphant re-
turn of Mr. Strutt by a majority of 284. Last evening
Sir Digby Mackworth's friends threw open the public-
houses. Upon ascertaining the fact, upon indisputable
evidence, Mr. Barker (Mr. Strutt's legal adviser) waited
upon Sir Digby Mackworth, and represented the matter
to him. Sir Digby said that it was quite unknown to
him and he would see that the practice was put an end
to. There is no doubt that the worthy Baronet gave
eiinne o'clock this morning was
instructions to that
lbseulstae,
b)nueonvndearntththeeleetrlsios ,dreytnhc,ee, rAeo
of its.
:its-.
been treating
state
tya ,t,e
side,of
t(ha
the poll
and
o taetefirnt
as follows :
Strutt 142
Muckworth
At ten o'clock, it was—
tt

Strum, .............
Mack*orth

.....
At twelve o'clock Mr. Strutt was 360 a head, and at
the close of the poll the numbers stood thus:—
Strutt ................................. 848
Mackworth
Majority for Strutt --284
The announcement of the numbers was received with
loud cheering from the hundreds of persons congregated
near to the Reporter office. Many electors favourable to
Mr. Strutt did not vote, as they considered it unneces
sary; and a few of the Dissenters held aloof, though
some of them would have voted if it had been necessary.
At the last election Mr. Strutt polled 874 votes; Mr.
Pole (the Conservative) polled 587. Majority for Mr.
Strutt, 288.
The declaration of the poll will take place to-morrow
morning.
W111=.........1101.111.1,ff moms

BARTHOLOMEW FAta.---Yesterday, at noon, the
Right Honourable the Lord Mayor made the usual pro•
clamation for holding the fair, which is to continue to-
day and to-morrow, the various stalls to close at ten
o'clock each evening. No shows are permitted ; the
stalls aro less than a dozen, and the attendance in the
busiest part of yesterday did not exceed that of an ordi-
nary cattle market day.
ENTERTAINMENTS AT THE MANSION H0ugE.......
This day (Friday) the Right Hon. the Lord Mayot will
entertain between seventy and eighty of the first mer-
chants in London, in the Egyptian Hall of the Mansion
House ; and on Monday next his Lordship will give
another grand dinner to seyeral of the mercantile corn-
iAluitY•

LITERATURE.

STABLE TALK AND TABLE TALK. 2 Vols

By Harry Hieover.
The author of these very agreeable volumes is
quite a Democritus in his way; he cannot philosophise
without a chuckle, neither can he chuckle without
philosophising. .He is always in excellent humour
both with himself and with his subject, and as plea-
santry is—thanks to a merciful dispensation !—as
contagious as the potato murrain, his readers are un-
consciously infected with the spirit of the chapters,
and resign the book at last on equally excellent
terms with themselves, with sporting generally, with
" Stable Talk and Table Talk" in particular, and
especially with Harry Hieover himself. Besides
being of this well-tempered character, these volumes
have given us very considerable satisfaction, inas-
much as they afford a comprehensive coup d' ceil
of the histories and mysteries of everything
relating to the turf, the stable, or the road—of every-
thing equine in short. Other scribes have vouchsafed
the public their table-talk—Hazlitt, for example, in
sentences worthy of his intellect, and Coleridge in
fragments of the very balderdash of metaphysics ; but
table talk, generally speaking, is such a miserable
compound of self-sufficiency, affectation, and twaddle,
that we conceive Harry Hieover has done himself in-
justice in thus designating his lucubrations. The
two volumes before us are indeed neither the diluted
skimmings of conversation, itor the produce of flip-
pancy and egotism, such as their soubriquet might
imply : on the contrary, they are composed of
various articles of a substantial character,
descriptive of sporting life, and illus-
trative of sporting knowledge. As the author
facetiously observes, upon his title-page—the book is
intended to serve as " spectacles for young sports-
men ;" and the young sportsman must be purblind,
or, in other words, a dullard, if he sees not better
into the subject-matter after a perusal of " Stable
Talk," or if its pages do not " open his eyes" to a
few facts with which he was hitherto unacquainted.
We may best afford our readers a notion of the va-
riety of the materials condensed into these two volumes
by referring to the index. Among other sections,
we have ""Scenes in the Life of a Sporting Roué,"
and capital scenes they are, too—picturesque and
animated. We must particularly, individualise one
character described in this portion of the work, we mean
the wight better known 'as " Elbow Jaques." The
portraiture is admirable—to the life—to the hair !
We have seen " Elbow Jaques" a thousand times,
and though he bas not often " borne us on his back
Horatio," we could yet muse over this clever delinea-
tion of him as Hamlet did over the cranium of Yorick.
Every one will recognise the original—it is unmis-
takeable ; not so much as the representation of an in-
dividual as of a genus. Then again we are treated
with a " Hunting Song"—not a spurious piece of
shouting and swearing, such as certain nondescript
gentlemen are in the habit of singing in back parlours
at Camberwell, with a view to impress their hearers
with the notion that they (the singers) are thorough
Nimrods. No : but a sterling, roystering, glorious
hunting, song, fit for the best huntsman that ever
cleared a fence in pursuit of Slyboots. However, we
will enable our readers to judge for themselves by
transcribing a few verses—premising that they
"are
carolled to the air of the " Lincolnshire Poacher :

A HUNTING SONG.
I am a jovial Sportsman, as every man should be,
A hunting life and a country life is just the life for me :
Our horses and our hounds are such no other climes can show,
For 'tis their delight in the foremost flight with a fox afoot
to go.

Wo,are such hardy fellows we never fear a fall,
But boldly face the fence or gate, the spreading brook or wall ;
For those who crane or seek a lane we hold as shy and slow,
And will ne'er delight in the foremost flight with trumps like
us to go.

And now we greet the well-known Meet, we quickly leave
the hack,
And jump upon our hunter, who is waiting with the pack :
Then crashing through the covert both the hounds and hunts-
men go—
Oh ! it's their delight in the foremost flight to tell Pug he
must show.
Hark ! there I hear a challenge—it is old Music's note—
A chorus joins—whatjoyous sounds now on the breezes float
"Hark forward !" cries the Whip, for he has heard the
huntsman's blow;
They'll soon be right in the fbremost flight to show how they
can go.
" Yols, at him !" cries the Huntsman " hold hard I" for
there he breaks;
And straight across the open now his country he takes :
He's fairly gone, so now we'll give a rattling " Tally-ho !"
And now we're right in the foremost flight like jolly bricks
to go.
To reach yon distant covert now in vain game Reynard tries,
Old Venom runs in to him, and he, gamely fighting, dies.
" Who-whoop !" now cries the Huntsman, who so late cried
"Tally-ho !"
'Tis pure delight in the foremost flight in a run like this to go.

Here's to fox-hunting and fox-hunters, and may we never
trace
The man within old England's shores who would put down
the Chase!
For such a man at once I scan as British Sportsmen's foe,
Who still delight in the foremost flight like bricks and
trumps to go.

Besides what we have already particularised the
author has afforded us both amusement and instruc-
tion on a multitude of other matters appertaining to
the same pursuit. Among others—hints upon " the
effect of weight and other weighty effects as applied
to horses"—an elementary disquisition upon the
" education of horses"—a capital dissertation anent
" Sporting prints and Sporting pictures"—a curious
essay on " Aphitheatrical Horses"—memoranda re-
specting ,La Chasse Etrangre—a true tale entitled
" The Doctor," a few remarks on " training race-
horses"—and so many other matters that we must
beg to be held excused from even enumerating them.
Harry Hieover has here performed all inestimable
service to an amusement, the excitement, the ex-
cellence, the perils, and the healthfulness of which,
his previous writings had so well exemplified.
Though we mourn that Nimrod is no more, we can
rejoice that Harry Hieover is still alive and Vigorous.

MAGAZINES-CONTINUED.

HOOD'S MAGAZINE.

Although this is a somewhat unequal number, it is
likewise in some respects an unequalled number,
since the man we all loved and honoured so much—
Thomas Hood—departed from among us. Another
act is added to the drama of " Ignez de Castro"—
namely, the fourth. It partakes of the beauties and
blemishes which were apparent in the preceding por-
tions. " A word with Dr. Johnson" is also conti-
nued; as bold as ever, and as elaborate. Another
serial is resumed in the shape of " Nell Gwynne,"
and with a trifling improvement. Of " Blanche
Neville " we can say but little in praise ; and
of the " Bushranger " we have spoken so fre-
quently, that for the present we are com-
pelled, from sheer exhaustion, to remain si-
lent. It is in the " culled dainties," and casual
fragments of verse that Hood is so peculiarly esti-
mable. Nevertheless the three sonnets upon " The
Accursed Lash," by J. Jones, are scarcely worthy of
his reputation and capacities. They are animated 1-),
a generous and charitable feeling, but they do not
define that sentiment musically. Perhaps, however,
we are expecting too much in looking for melodious
numbers in deprecation of the cat-o'. nine-tails ! Mr.
William Smith O'Brien, the lineal descendant of
Brian Born, bath, in his epistle to " my dear Ray,"
spoken of the transcendental prose, or something of
that sort, of the Nation newspaper. Let him, in the
name of common sense, turn either to the Nation of
August the first, or to page 284 of this magazine, and
be will find the following specimen of that transcen-
dental prose—" Ay ! on the bleeding knees of her
heart shall England atone, but never to beggars !"
Altogether this number is excellently readable.

DUBLIN UNIVERSITY.
A tribute of honour is here paid to a living
French philosopher, not merely of European, but of
world-wide celebrity, namely to M. Arago. Never-
theless, in estimating the character of this remark-
able man, the writer has spoken freely of his defi-
ciencies, as well as of his many estimable qualities
Regarded as a supreme authority in scientific matters
by "the squatters on the banks of the Mississippi, as
well as by the dwellers of the Quai Voltaire," Arago
is likewise somewhat contemned and even derided in
" the College Mazarin and at Somerset House." This
is particularly commented on in the article before us,
and the reasons for the existence of a popularity so
anomalous with the frigid regard of scientific asso-
ciates, are cleverly and candidly stated. The meagre
consideration awarded to M. Arago by contemporary
philosophers, arises from the very indisputable fact of
his never having assumed any eminence either as an
experimentalist, or as an author of elaborate volumes.
Arago has never discovered any of the universal laws
of matter, he has not aided in any one remarkable in-
stance the revelations of nature. Newton disclosed the
laws of gravitation, Oersted those of electro-magnetism,
Franklin demonstrated the identity of lightning and
electricity, Davy proved that the earth and
alkalis are compo,unds having metallic bases—
Arago has done nothing comparable. Laplace wrote
the " Mecanique Celeste—Arago never compiled
any great work upon physical science. Hence it is
that among the savants he has (as the writer acknow-
ledges) been mentioned in whispers, as a charlatan
and an impostor. Arago has done much, notwith-
standing, towards the development of human know-
ledge ; he assisted in the measurement of the meri-
dianal arc : he elucidated some of the mysteries of
magnetism by rotation ; he aided in the computation
of the relation between the pressure and temperature
of steam : and beyond this has performed many
similar services to mankind. The proximate cause
however, of his fame among the multitude, is one
most honourable to his heart as well as to his head;
and one which will be fully appreciated by posteri.
Arago has assisted materially in the populari3atien of
science and philosophy generally : and the writer in
the Dublin University goes even so far as to couple his
name„ in .this particular, with the name of Hoary, Lord

Brougham. By clothing the more abstruse portion
of human knowledge with the seductive garb of elo-
quence ; by divesting their elucidation of all unne-
cessary technicalities ; and by expounding the most
profound truths of science with a perspicuity which
coul I admit of no misapprehension from the previously
uninitiated, Arago has conferred a boon upon the
people which can never be forgotten, and the remem-
brance of which must perpetuate his name for the
gratitude and admiration of remote ages. Lord
Brougham will ever retain the most supreme position
amongst the noblest benefactors of the hunTin race;
he commenced the true crusade of civilisation; he was
the first who ever attempted to disseminate a love cg
learning among the illiterate by rendering philosophy
more alluring, and by rendering the secrets of philo-
sophy more accessible. By establishing the " Library
for the Diffusion of Useful Knowledge," by aiding
that memorable association both as president and as a
literary contributor, from the first moment of its
formation to the close of its most humanizing
and benevolent career, Lord Brougham has
acquired for himself a glory more beautiful, more
truthful, more permanent, and more lustrous, than
any that can be achieved merely by military prowess
or legislative sagacity. Some persons are ignorant
enough, or frivolous enough, or, shall we say, heart-
less enough, to remember some of the Noble Lord's
peccadillos in Parliament, and to forget his imperish-
able deeds for the fostering of the intelligence of the
multitude : they can ridicule the sylvan sports of
Lord Brougham on his estates at Cannes, but do
not possess sufficient magnanimity ever to allude to
Lord Brougham's " Discourse upon the objects and
pleasures of Science"—the most admirable discourse
that was perhaps ever penned upon that most admi-
rable of subjects. As one of the principal followers
of Lord Brougham in this effort to make
knowledge more palateable to the mass, M. Arago
deserves the grateful recollection of his fellow men.
He has endeavoured to emulate the conduct
of his great predecesor : and in doing so he has ac-
quired an enormous popularity. May he long con-
tinue to enjoy that popularity, and may the career
which commenced in 1786 be protracted many years!
We thank the writer of the article, in the Magazine,
for the praises he has so elegantly and worthily be-
stowed. " Strauss' Leuben Jesu," is precisely the
paper we have long desired to peruse. Infidelity is
most pernicious when it is enforced by erudition, and
rendered attractive by the generosity of its accom-
panying sentiments. Such an infidelity is a poison
which may be rendered innocuous by a timely anti-
dote. Again do we encounter a long article on
"Algeria"—commend us to a broad-sheet of railway
advertisements instead ! " Signor Formica" is a de-
lightful translation from a story by Hoffman, com-
menced in the preceding number. "The Black
Prophet" proceeds, and will, when completed, form
one of the most successful performances of one of
Ireland's best novelists, William Carleton. There are
several other -contributions, the ablest of which is
devoted to the consideration of the "faith, features,
farms, fisheries, politics, and people" of Scotland.