The Sun.
London, England, 1848-05-13 00:00:00

DISMISSAL OF MR. SMITH O'BRIEN.

After the perusal of the previous correspondence be-
tween the Chancellor and Mr. Smith O'Brien. touching
the paraphrase of Lord Clarendon's proclamation, we
are nut surprised at the following:—
" Secretary's Office, Court of Chancery,
" Dublin, May 9, 1848.
" Sir,—l have the honour to acknowledge the receipt
this morning of your letter, dated the 6th of May.
" The Chancellor does not see any reason from that

letter to alter the opinion conveyed in my letter of the
sth init., respecting the proceeding therein alluded to;
nd as 3ou state that the document in question entitled
Proclamation by the Council of the Irish Confedera
tion,' i as signed by you, the Chancellor regrets that he
has felt it his duty to supersede you in the commission
of the peace for the county of Limerick.
I have the honour to be, Sir, your obedient servant,
" FRANCIS WILLIAM BRADY.
"To William Smith O'Brien, E-q., M P."
STOPPAGE OF A SAVINGS-BANK.

The t fin is of the' ear organs to create a panic by
calling on the people to run tor gold has eventuated it,
he stoppage of St. Peter's Parish Savings-batik, in this
city, under circumstances which cannot but prove most
disastrous to the depositors—a class, it may he supposed,
nut ill-prepar,d for this, the certain fruit of the teaching.
.1111 r. John Mitchell and his copartners. in the revolu-
tionary press. The managers of the ill- fated institution
nave this day issued statements of the circumstances
hich have led to this calamity:—
" The trustees and managers of this bank, with deep
regret, feel themselves compelled, for the present, to
close the institution; and, in doing so, deem it to be their
duty to lay before the public a statement of the circarn-
qances which oblige them to take this step.
" In the year 1831 the then trustees discovered that is
large deficiency in the funds of this bank had been caused
by the detalcation of a Mr. Dunne, the then officer of the
bank, who about that time abscon-ed from this country.
" Upon making that discovery, the first impulse of the
trustees was to close the establishment, dividing the as-
sets among the depositors equally ; but, upon conside
ration, it was deemed prudent, betore adopting so im-
portant a step, to confer with and take the advice of the
Commissioners for the Reduction of the National Debt,
who are the depositories of the funds of all savings
bat ks ; anti accordingly they deputed one of their body
to proceed to London for that purpose.
" The trustee so deputed laid before the Commissioners
for the Reduction of the National Debt a full statement
of the position in which the batik was placed, and the
result was that the barrister appointed by Act of Parlia-
ment came over to Dublin to investigate the claims upon
the funds of the bank, and to advise with the trustees.
"That law-officer accordingly investigated, and adju-
dicated upon the claims of the depositors, and having
done so, expressed his opinion that it was advisable Coon-
sidering the amount of capital of the savings-bank,
about 100,0001) to keep it open, with the view of mak-
ing good the deficiency out of the annual surplus, when
such should arise.

" The then trustees accordingly acted upon this advice;
public confidence was by degrees restored, and the in-
stitution was :flourishing, with every prospect of even-
tually realizing a surplus sufficient to make good the
deficiency created in 1831, when, unhappily, a panic was
created in 1845, and a run having in consequence com-
menced, the trustees again anxiously considered the
Propriety of closing the thank, and dividing the assets
amongst the depositors; but upon giving the matter the
most mature consideration, they were of opinion that,
legally, they had not the power to do so; and the bank,
accordingly, being kept open, the sum of about 223,0001.
was drawn out by depositors.
" The payment of so large an amount restored public
confidence, and there was every prospect of the institu
lion becoming again equally flourishing, when the dis-
tress and political excitement of the present year having
again produced a run, and a large sum having been
withdrawn by the depositors, and the draughts of the
trustees for this day's demand having been roused pay-
ment by the Commissioners fur the duction of the
National Debt, the trustees have no alternative but to
close the bank for the present, with a hope, however,
that the Commissioners for the Reduction of the Na-
tional Debt, who, since 1831, have been fully aware of
the existence of tha deficiency then created, with the
interest due thereon, will, under the peculiar circum•
stances of the case, take the claims of the depositors into
their anxious consideration."

ANGLING —While the Rev. Mr. Wale, of Sunning.
hill, was .pinning for trout, on the Cobbler, below
WindAor.bridge, en Tuesday evening (the end of his
line being composed of only a single gu!) he hooked an
immense jack, which, &ter playing for upwards of an
hour. he very ,kiifully landed, notwithstanding hil slight
teekl.. The 113 h, which has been preserved by Mr
Nino. k, of Eton, Vk eighrd upwards of IP eventeen pound,
and was three feet tour inches in length.
The Chancellor of the Exchequer has received
3001. from as anouytaup.a correspondent as " oonscience
miNivy." The aniciunt Into Oa Echequer.