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

--.........96111
kanehester and Birmin. 40
,IN Quarters (A) ..... 5 ••••• •
uO. Quarters (B) -. 5 -
•
,tto. Quarters (C) 1 -
olanchester,Buxton,and
1% P
ranch
.. -. ..... 42s IU Ai P
01anchester, ...
ir.in.. . , and
~..111oul,1 Junction. ...
—4.1 A
,_alanchest. & Southamot. 2 ---••• 1 •
ititliand . - lOO
„.
_l4O
80, pifti;s; ............... 2
1)1,0 Aew ......
24
........
"). &, and
idind& East. Counties 2%..••..
Itidland Great Western
• ........ .•••
~,Irish .... . ..... . ....... 12%
•L'ewcastle and. Dar. 1ing-
.....
D Junction ...•....... 25
...................... 1 .ll 104
28
tweisue sad Berwick 15 ......
,I)0. North Shields .• 25
_
Newcastle and Carlisle...loo
KewPort & Abergavenny 21,4•••••• -- x"vrY and Enniskillen 4%
,Boston Wrk, Shefneld, and
• ........ ••
..
......
'\°rfolk • - 20 — —.. ...
••• ............... ••• _
Do. Ralf Shares
2%
1:30. Eriarittegio.n.
...
225
......
383414.
North
13'5* lialf Shares... ll ...... 10/4% ...... **
Do. Fifths
1,1.. 1)0. Carlisle ................. 5
.. 14 414
N
ordi f
Norfolk 2%
•............o
rtheorn and Eastern... 50
,130. Scrip (issd. 5 dis.) 45
Do.4"°. Quarter Shares... 12%
v New ............... 1
,e,•-•• Kent & Direct Dover 2% l3/4 •-3% p
"kr°rth Staffordshire 42s. ...... 3 *Ys% p -.--,
+1 oral wales
314 — •
Isi°,rthern and Southern
,vionocting ............ 2
•.`iortilampton, Banbury,
vend Cheltenham 2 —
--
n'°ttingam & Ilansfld.
84
'41°,11, Worcester, and
~ 'Wolverhampton
ultford, Witney, and 1%
Cheltenham.... . . ..... 1%
Pilbrow Atmospheric ... 1 -•••••• 5
l'ortsniouth Direct ...... 33/4 _
.... ... ....
rreston and Wyre ..... 25
_
, Do. 14 Shares ........ 2% '—
,Leading, Guildford, an. d
_
...... ... 9
Oteigate ... ............... 425. — ''' ..
1
41011naond ................. 10
411g,b3r, Leamington,and
t, riltrwick ............... 425. —
_
.... ••..••
00ottish Central
t. o. New
2% -
_
00041* sr d
1) Midland 10
_
sh 0. Extension
.oet eld, Buxton, Leek .
_
hi:otteries andCrewe 136
_
—hetteld &'Manchester 100
•••
....
-°. Quarter Shares... 8
_
bo.Lincolnshire June. 114
. _
b°lB, Great GrimAiy. 10•
2%
1).
••• •
Sh,. - do. Extension 425. . 3 2.3/4
.......
v dis
sh•ewsbury and Birm... 2 iii ••• '%. dis par 1/4 dis. 4
stl.°l3sieire Union
4s• Wolverhamp, 4lc S. Ataffordsh. June. 21!1
p 0 and Shannon l%
04th Devon
rltia
MidlandM 42s.
s°o4th d June. 425. ..
goath Staffordshire Junc. 2
,0,111 Eastern & Dover 33%
uo., No. 1 2G
1),°•, N 0.2.
-.J0., No. 3
,00.
,). 4
2% 3%
Qt`kban's Hatfield and
•••••
_
Staines Junction' ... 425.
....... .........
S &Ines and Richmond_ 1 2_taffords & Shropshir® 2%
•-••nith oval 5
ss
Lough
........... •••
ans. Loughor & Ca-
.... • • •••
_ ... .
Tawnleron's tm. C0a1.... 2
_ ••• •• •• .....
. Vale Extension ... 2
ring, Rd. and
}Yakt .ea ing, V singstoke
1.. ..
of Xeath ... ........ 2
G_,eekl, Pontefract, &
__
•••
W u°! ..................... 221/2
warivickshire & London 425.
W4rwik and Worcester 425.
Waterford and Kilkenny 8
...
~Xaterforcl and Limerick 22%
waterfd,Wx.frd,Wickiw'
witnd Dublin
eZford, 1v aterford, and
wv al, entia
WIN eIIV Valley ... 2 , —
Rest kid and •2% .....
3 2% p
b.,St Rg Union 42s.
~Zest COnawall ....... 2 —••—
estLondon,Old Shares 20 17;8fotcl and Carlow —2%
wilts and St. Ives... 2
lelou, Somerset, & NV ey- ••• -
th
°,oester,Hereford,Ross,
Worcester,
Gloucester 42s. — Tenbury, and
voLidlow ... •• •—2"
•• orcester,lVarwick, and
tkqgby
..... -
IT 4, and Carlisle 2% •••.••
_
V and North Midland 50
Vitt° 1/e Shares 25
Do. Scarboro' Branch. 25
Do. Selby 3O
Do. Extension 2O
bo.East and West Rid-
1
-
lug Extension
FOREIGN RAILWAYS.
Anglo-Belgian .... 4
Barbadoes 1
Boulogne and Amiens... 14 -...•— ..... '''''
Bordeaux & Mediterran. 2
Bordeaux,Toulouse, and 2
..
...
Cette (Mackenzie's).-
Do. (Espelete's)
...,
Caais, Dunkrk, and West _ .
....
......
Flanders
.
Calcutta and Diamond llarbour . ••• •• • ..... *" 7s•
...... _
...........
....
Callao, Lima, and Pacific
Coast ••• •• .. .......
_
CD;entral of Spain ••• •- • 2 —
ylon ...... ....... . .. ....
25%5.
,ernerara
uendre Valley 4 —
Mect Bombay and
ss.
Dir
% ..
ra Dutch Rhenish 6
East Indian ... ••••• • *** ss.
••• .........
t astern Belgian Junctn. 2% _
tl'aPoux Hazebrouk 4
tit_lndian Peninsular ss.
10 Western Bengal... 55. .... '
...,44estern Canada••• 314 •••
fu Lanl, W
and Austrian
Iroaica Salid. Junction 1
.7eraty . ... 1
••
nvain a' 1 Sambre ... 54 ••••••.: .--
4•l'Leruboura .. 1•3'o
~, g . 2 .. ....
-I, Us an, Avignon
•qadr 1
k , its ....................
aurae, Nellore, and
.% Arcot
ILlad ..
.. --nu and V lentia...• 2 ''•
41awit. a
--
Namur ins ..
1 ...... 2%
6 ......
iv and Lieze.
•• -iilor° f France Constituted 5 ....
or ,41 Jamaica 1 ......
•
o;ll'ane and Vierzon ... 10 ...... --;3z
e4llB and Bordeaux... 6 •••• • • v A
..
___
li),ver Yssel 4l3s 4d
_
Pa ecLyonsConstituted 5
_
nu
1,410 and Orleans 2O
37%4_ .. ..... .
pans and Rouen
_
4ntis and Straslourg
28
14 Constituted
273/4% 28
_
isotten and Havre ...... 20
_
o"anilare and Meuse •••••• 8 •-•—
_
_
Vasbourg and Bale ... 14
~,'"t• Laurence & Atlantic •••• • ...""'
......
,ours and Nantes Con-
-5 ,.
~., stituted -- .....
1
.uournay, Jurbise, Lan-
_
(len, and Hasselt.......
2/2
4
Trinidad
6
West
Flanders ...... ..--
BANKS'
JOINT STOCK
...
40
Australasia
_ _
British North American 5205
Colonial —
_
--
Commercial ofs Stock
kondon 2100
London Joint .
ter 2O
_
London & Westmins
..... •••
... ....
liationalProv. England.
~itsl/..__.
_
National of Ireland_
...
25 ,
Provincial of Ireland _
....
Union of Australia ..... 95
10 —
union of London

11A
HO

,131/
1034
27%

2%
3814
76%
414

% P

16%
..._
3%

2% p

--
5/3

123/4

13%

MINES.

Real del Monte 17nregd.

LLOYD'S SHIPPIN G.-(THIS DAY.)
LONDON, SEPT. 4.—Wind E.N.E., light breeze, and fine
clear weather.
&DEAL, SErT. 3.—Wind E.—Arrd. Apollo, Baltimore.
I,lTd. from the river and sld. Morayshire, Barclay, Port
;hilip river
Castle, Thorne, Sydney, New South Wales ;
„ adborough, Webb, Calcutta ; Acadia, Dunn, Halifax ;
rrederick, Gover, St. John's.
wtaviturooL, Sam 3.—Wind N.W.—Arrd. Camerton,
pt.'dgewod, Honduras ; Eurotas, Potter, Mobile ; Guardian,
irirchill, St. John's, New Brunswick; Sobraon, Harrison,
11ramichi ; Miltiades, Groom, Quebec. Sid. Lucretia, Head-
-7117. Bahia ; Courier, Johnson, Cape of Good Hope ;
Ama-
Martham ditto; Manteo, Wilson, New Orleans. Off
114 rte
.ort, Great Western steamer, New York ; John Campbell,
'EC; Westmoreland, Larne, and Crown, —.
SHIELDS, SEPT. 3.—Wind W.N.W., fresh.—Arrd. Ade-
bin Dowing, Quebec; Mary, Lowdon, ditto. The Tinker,
...IKenzie, of Perth, from Warkworth to Caen, put in here
•Yesferday, leaky, and has been laid on the ground.
„e°,,, SEPT. I.—The British Queen, of Bristol, for Ber-
rn'Va, is of this port, leaky, and will come in next flood.
t AL, SEPT. 2.—The Martha, Longridge, from Antwerp
4,--,-.7erPool, which put into Ramsgate, has been surveyed,
must discharge to be docked and repaired.

THE FORD ABBEY ESTATE.—The sale of this
splendid monastery and its demesne, came off, for the
second. time, on Thursday, at the Auction Mart. Mr.
George Robins presided, and indulged his auditory with
Zvery long detail of the origin of this famed abbey, and
n explanation of the reason why the second sale
t°4°l place, which the public know arose from the Rev.
1
the
Gwynn() having become the purchaser, and signed
Contract, and did every thing but one—he forgot to
pay his deposit—thus it became necessary to resell it in
order,,, to know what pecuniary damage be would sustain.
rtcbins's ex
,;110 sale-room was immensely crowded to hear Mr
planation, and, after a spirited competition,
Was sold for fifty thousand and one hundred
guineas, independently of the timber, fixtures, tapestry
e`tue finiest in England), pictures, &c. &c. The pur-
ser's name was not declared, but Messrs. Osborne and
watril, the eminent solicitors of Bristol, were the agents
he purchaser, and the on dits suggested that it was
Ought for one of the rich Bristol bankers. One thing
is certain, the clergyman will hare at least 2,000 guineas
69 Pay for his lark.

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. de 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, and Mr. J. F. Neilson.
ISIr. 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 Navy, ships, colonies,
and commerce," he begged now to give."—(Cheers.)
Sir A. M'Nan 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 be 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 admira-
tion they entertained for that valuable—he would say that
invaluable—set of gentlemen 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 reference 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 Tintestorender 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 Times
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 one 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 achievneligdeantnrh.de)
service
successfullyyo u this
engagedday rienwa rd
similar, unless
la b oi
ut hadrs
. beenatea
labours.—(Hear,
Its power is the fruit and the proof of
some
shonest ex-
eartttinonesn.—ot(toCmheoefrst.)neYotaunwleilelnhoenagrhfrroelm7
nc
respecting n g Hon.t
sg
i Friendnl e
wtylaoinare
d
for
rt
me
eictho
gyoouinatroedceotmaizmwoirthatin
which sls n
me o
of necessary
much more familiar than I am. The case
be-
fore me at the time in a general way, and my' advice
asked. I certainly gave my 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.) Butr
lest I should seem to take more than my due, allow me
to declare why I so readily accepted your flattering in-
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 iu 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, and 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.-7(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 forievil.
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 control. 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.") It 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, kg far As ADA Able to ex-
press thew,—(Cbeers)

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
horeear, good temper, and warm social affections.—
(Great cheering.) You will indicate your opinion
whether these high qualities 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 Loan 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 had subscribed
to present hint 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. HUGHES then rose and said—My
Lord Mayor and Gentlemen,—I 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-
tion 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 1,000,0001. 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 dde 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, therefore, 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 and 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, Vevay,
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 Back 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 f 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 commemorate 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 Scholarships ;
one in connexion with the City of London School,
the other with Christ's 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 hire,
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 the 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, no
eulogium too high could be pronounced upon them.
The Loan MAYOR had great pleasure in next pro-
posing the health of John Masterman, 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 nething in
this country was the House of Commons moro 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 he said,
although occasionally a modest individual might be the
♦ictim 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 the 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 successful 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, and judgment, were en-
titled to the most honourable mention in that company
—(Cheers)—communicated with the correspondents of
the firm of which he was a member. It was a compli-
cated scheme of fraudulent continental conspiracy ; the
greatest danger existed that it would be carried out by
numerous and skilful agents. The Times was the first to
disclose it ; the Times was the only power to stop it ; and
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 uncertainty of the low 9f Abel, with the