The Sun.
London, England, 1870-06-03 00:00:00

A. CHARGE OF FRAUD AGAINST
DIRECTORS.

At the Mansion House, on Thursday, Major the Hon.
A. G. F. Jocelyn, Major J. W. Carnegie, Captain G. E.
Bulmer, and Mr. Joseph Taylor, four of the late directors
of the Monarch Insurance Company, now in course of
liquidation, again surrendered before the Lord Mayor to
undergo a further examination upon the charge of fraud
and conspiracy preferred against them by one of the share-
holders in reference to their management of the affairs of
the above company. Mr. G. Nursall, a Yorkshire
farmer, whose name had been put down on the
list of shareholders of the Monarch as the holder
of five hundred shares, proved that he had never
applied for a single share, and that he had not given any
authority to the defendants or any one else to apply for
shares in his name. He was not even aware that such
a Company as the Monarch Insurance Company was in
existence. The first intimation he had of the fact
was an application being made to him by the
official liquidator for the amount due• on his
shares. Mr. Lewis said the witness was liable to
pay £2,500 upon the shares supposed to be held by him in
the company. Evidence of a similar character was given
by several other witnesses. Some of them were placed on
the register as the holder of a hundred, others a hundred
and fifty shares in the company, but they utterly repu-
diated any connection or liability in relation to the company.
Mr. Lewis said that nearly the whole of the names in the
list appeared to have been placed there under similar cir-
cumstances, but as it would entail enormous expense to
bring forward the whole of the parties, he suggested that
it should be admitted on behalf of the defen-
dants that the list of shareholders was ficti-
tious. Mr. Digby Seymour said that on the
part of Captain Bulmer he had no objection to admit the
fact, but at the same time he must state he knew nothing
whatever about the way in which the register was made
up. A similar statement was made on behalf
of the other defendants by their learned counsel.
One witness proved that a person to whom 150 shares was
allotted occupied a room, for which he paid 4s. a week.
He had decamped. A carver and gilder proved having
had £1,400 worth of shares allotted, to him at the
request of a person with whom he had merely
a " public " acquaintance. Mr. M. Low, who had ad-
vanced £3,500 to the company, proved that two bills
endorsed by the whole of the directors, had been dis-
honoured. They were for £2,000 and £1,500. From
representations made to him he subsequently ad
vanced £l,OOO more, and was shorty afterwards
told that the company was about to be would
up. It appeared from the share list that £190,000 had
already been subscribed, and he lent his money on
the security of that list. Mr. Low further stated that he
was given to understand that £40,000 had not been called
in. At this stage of the proceedings the case was adjourned
until Monday week.

At an early day Mr. Eyken intends calling the
attention of the House of Commors to the unsatisfactory
condition of the Metropolitan Police Force, and to move
that a select committee be appointed to inquire into the
constitution of the force, with a view to ensure its in-
creased ef4ciency.

ANOTHER CRYSTAL PALACE.—Various parties,
with an eye t' business, are beginning to discuss the ques-
tion of another Crystal Palace for New York. Let us
have it, and let it be in our great Park, and let it be
built to stand, like the Sydenham Palace. Why not ?
New York Herald.

A. letter from :Newmarket says .—" Wheat, barley,
and oats are, in almost every part of this district, looking
very healthy, are growing fast, and are of excellent
colour. The bean and pea crops require rain, as do the
mangold and seed crop ; at present, also, there is a pros-
pect of a light hay crop, in consequence of the long
drought. "