The Sun.
London, England, 1856-09-16 00:00:00

NEWCASTLE COMMERCIAL BANK.

The following correspondence (says the NeZocastle
Courant), originating from statements in the report of
the manager, has passed between the directors in con-
nection with this establishment :

(No. 1.)
TO THE EDITORS OF THE NEWCASTLE COURANT.

Tipperary, Bth September, 1856.
Sir,—The recent report of Mr. Win. Walker, as
managing director of the Newcastle Commercial Bank,
,vhich appeared first in your journal, and was after-
wards copied by other newspapers, introduced my name
in these terms :
" On the 10th March last, Mr. Walker was informed
by Mr. Alderman Kennedy that Messrs. James Sadleir,
Law, and Keating, three of the London board, had al-
lowed the funds of the Newcastle Bank to be used in
discounting orders of the Tipperary Joint-Stock Bank,
-ndorsed by Messrs. Wilkinson, Gurney, and Stevens,
,r by Mr. Gurney only. This, Mr. Kennedy stated,
bad been done without his knowledge, or that of his co-
iirector and relative, Mr. Valiant. This was the first
intimation of the fraud received by Mr. Walker ; and
the shareholders may readily conceive Mr. Walker's
chagrin, when he found that his friend at the board in
London, Mr. Alderman Kennedy, on whose judgment
and integrity he chiefly relied, had allowed himself to be
imposed upon by other persona at the same board. On
the 17th of March Mr. Walker discovered that the sum
,represented by these Tipperary orders amounted to
111,0001."
Having read those paragraphs, I applied at once to Mr.
Alderman Kennedy for his explanation of them, and re-
ceived from that gentleman the straightforward letter
which is endorsed. I then applied, through a friend at
Newcastle, to Mr. Walker himself, requesting him that he
would either acknowledge his mistake, or send me a
copy of any letter from _ his friend Alderman Kennedy
on which he might have relied is the basis of his reports.
With this application Mr. Walker has not thought fit to
comply, but states that he has examined the original
document, and finds it in accordance with his published
report. Under these circumstances, I trust that Alder-
man Kennedy's explicit letter to me, and my own distinct
denial that I ever allowed the Newcastle Bank funds to
be applied in discounting Tipperary Bank orders, will
be regarded as a sufficient answer to the statements con-
cerning me in Mr. Walker's report. Mr. Law, whom I
also addressed, writes me the eucloaed note. May I ~eg
of you to publish it along with Alderman Kennedy's
latter and this explanation, which I have made as brief
as possible am, sirs, your faithful servant,
R. KEATING.

(No. 2.)
Resington Lodge, Nottiog•hill, Aug. 21, 1856.
Dear Sir,—Mr. Walker is net jusiafied in the use of
your name by anything he has heard from me, unless
through inadvertence I expressed myself so carelessly
as to convey some meaning I never intended. You
were present on the sth of March, when Mr. Law made
me acquainted, for the first time, with Mr. J. Sadleir's
misappropriation of the Newcastle Rink funds, and you
must remember that he distinctly charged Mr. James
Sadleir alone with the responsibility, and never referred
to you, taking to himself the blame of being deceived as
to the concluding part of the transaction and being an in•
nocent participator in it. This is all that could have
communicated to Mr. Walker; but you may readily
believe that I was not very composed when writing, and
I have no memorandum et the letter I addressed to him.
—I am,dear sir, very truly yours,
Robert Keating, Esq., M.P. R. 11. KENNEDY.
(No. 3.)
Reform Club, Sept. 6,1856.
Dear Sir,—ln answer to your note I cannot hesitate
to express my firm belief that you were no party to any
application of the Newcastle Bank funds in discounting
orders of the Tipperary Bank, and I aru certain I was
never consulted as to those discounts. When you and
I discovered them we did our best to repair the mischief.
—Yours faithfully, F. JOHN LAW.
Robert Keating, Esq., M.P.
The following letter, remarking on this correspon-
dence, appears in the Gateshead Observer :
" TO THE EDITOR OF THE GATESHE±.I) OBSERVLt.

" Sir,—The Courant of to-day publishes three letters
relating to the affairs of this bank, aod to the report
which I presented to the annual meeting of the share-
holders. One of these letters—namely, that from Mr.
Kennedy—requires special notice at my hands. The
alderman appears to have forgotten th at he used the
name of Mr. Robert Keating, M.P., in connection with
the orders of the Tipperary Bank. Tt.e following is the
passage from the alderman's letter te, me on which the
statement in my report to the sharelif biers was based :
'Unhappily, Messrs. James Sadleir., Mr. Keating, and
Mr. Law, without reference to tn, and without any
authority to act without my knovAtitedge, discounted the
bills of the Tipperary Bank, end orsed by Mesere. Wilkin-
son, Gurney, Stevens, and Co., rJoncealing it from me until
last Wednesday.' Mr. Ald. Kennedy must setils the
pcint as he pleases with Mc
.ssrs. Keating and Law ; but
these are his own words a' a I have .quoted them. Mr.
Alderman Kennedy 8120'11d keep copies of his letters,
and be careful as to the dozuments he writes or sips.
The 'friend at Newcae tie who applied to me on be-
half of Mr. Keating, as to whom I returned a
courteous reply, was Ur_ G. W. Cram. The latter
gentleman was formerly a director of and solicitor to the
Newcastle Commercial Ba: ak. Mr. Crain is not very
friendly in his feeling, I fear, towards myself; and I
am inclined to believe ties .t the singularly hostile and
injurious paragraphs and statements which have ap-
peared from time to time in the Courant nevrspaper
in
connection with the Cotnmt rcial Bank were hot very
warmly checked or censure d by Mr. G. W. Cram—
who is the private solicitor, I understand, of Mr. John
Blackwell, the leading spirit in the Courant establish-
ment. —I atn, &c.,

" WILLIAM WALKER.
"Commercial Bank, Newositle, Sept. 12, 1856."

A FAMOUS Inisu EPITAPH.— ' Here lies the body 0
the Lady O'Looney, great niece of Buike, commonly
called the Sublime. She was I 'land, passionate, and
deeply religious ; also, she painte, fin water-colours, and
sent several pictlres to the Ethit ition. She was first
cousin to Lady Jones—and of sin h i 3 the kingdom of
heaven."
THE BESSEMER PROCESS.—A re port upon the York-
shire iron trade in the Mancheste . Guardian says :
"The Butterley Iron Company h: ',ye )..;•ett making ex•
periments with the Bessemer pia li, and having trans•
mitted several pieces of the met al, after being made
into what the inventor calls semi steel, to a large steel
firm at Sheffield, for experimental . ptirmstses, in order to
ascertain whethtr the iron, of ter toing made into
ingots, can be practically worlced up for cutlery pur-
poses. The Derwent Iron Co Imps ny, who have made
some of the largest pieces o f in alleable iron known,
and for which they have on save,
al occasions obtained
prizes, have tested the invention of Mr. Bessemer suc-
cessfully. We hear that Mr. Bessemer is preparing
to make some experiments in,', danchester,_in obedience
to the request of a inumb.6r • of the trade, and that
for the purpose he wilt eNct o: oe of his furnaces. The
trade will be admitted, by in vitation, to witness the
process of the invention." •

Sporting Intelligence.

LATEST CITY BETTING-MONDAY.

GREAT YORKSHIRE HANDICAP.
sto 1 agst Saraband (offered)
11 to 2 agst Pantomime (taker.)
t.; to 1 agst Vandal (taken)
12 to 1 agst La,ly Tattoo (taken)
12 to 1 agst Yorkshire Grey (taken)
2u to I agst :Stork (taken)

ST. LEG ER.
C to 4on Ellington (offered)
9to 1 agst Victoria (taken)
9 to 1 agst Bonnie Scotland (taken)

Nominations for the Doncast.r Cup, value 300 sovs. ;
3 yr olds, ist ; 4 yr olds, Sat slb ; 5 yr olds, 3st 12lb;
6 yr of is and aged, Oat 21b; mares and geldings allowed
Sib ; the winner in any year of the Derby, St. Leger,
the Ascot Cup. or the Goodwood Cup, 71b ; the second
ftr any of those races, 31b extra. Maiden 4yr olds,
not carrying extra weight for running second, allowed
51b ; syr olds and upwards, 71b. Cup Course, about
two miles and a half.
Yrs.

Lance
Brother to Bird-on.the-

Wing
Rogerthorpe
Scotch man

Early Bird
Gaudy
Victoria
Prince of Orange
Miss Hai kaway 3
Bonnie Scotland 3

Yrs.
Melissa
Alembic
Fisherman
Mincepie .. 3
Ellermire
Ellington 3
Pawl-Lure
Pretty B -,y 3
Jack Sheppard
Merlin
3
Yellow Jack
Artillery 3
Wa-lock
Typee
Fandango
Lady Tatt on
Yorkshire Grey .. 4
Wing is scratched.

Hungerford a
Saraband 4
Pantomime 6
Mr. Sykes
Zeta 3
Lord Alfred
Alfred

ST. L
Brother to Bird•on-the-

LIVERPOOL AUTUMN MEETING.

The Great Autumn Cup, to which 200 sous are con-
tributed by the captains of America and stevedores of
Liverpool, in addition to 200 which are given by the
clerk of the course, has closed with 115 snbscribere.
The weights are to be published on or before the 25th
of September.

SAVERNAKE FOREST STAKES, MARLBO-
ROUGH.

In accordance with the decision delivered at War-
wick Aladdin, who came in first for this race, is disqua-
aed, and the stakes have been ordered to be paid over
to the owner of Curious, the second horse. Bets, of
course, go with the stakes. We have been requested to
snake this statement bechuse persons, in affected igno-
rance of racing law, have refused to pay on Curious.

AQUATICS.

ROYAL LONDON YACHT CLUB.

The closing cruise for the season of this highly popular
club took place on Saturday, and was a very happy affair.
It had been arranged that the yachts should rendezvous
at North Woolwich at half•past three, and there, at four
o'clock, a number was found ready to sail. The Corn-
rnodore's flag was hoisted on board the Mars, which Mr.
Haines, the owner, with his usual kind feeling, had
placed at the disposal of the club, and the signal having
been given to get under weigh, the little fleet pro-
needed on its course with a gentle breeze to Erith.
Having debarked there, the members of the club and
their friends betook themselves to the Crown Inn, where
at six o'clock a large party, presided over by Mr. James
Goodson, the respected commodore, sat down to a most
excellent dinner. This having been done justice to,
and the cloth removed, the commodore proposed " the
Queen, Prince A lbert, Albert Prince of Wales, and the
rest of the Royal Family," "the Army and Navy," and
other appropriate toasts, which were drank with loud
and prolonged cheering. These were succeeded by
"Prosperity to the Royal London Yacht Club," "the
Health of the worthy Commodore." The party then
resolved itself into a committee of harmony, and a most
agreeable evening was finished. On the following morn•
ing some of the yachtsmen continued their cruise, and
returned yesterday to town.