The Sun.
London, England, 1856-12-22 00:00:00

11.ZIAr~~.

DUBLIN, SATURDAY MORNING.
THE RUN FOR GOLD.

The silly and mischievous run upon the branches
of the National Bank in the south of Ireland has
nearly subsided, and, as all the demands for gold
were promptly met, the people will no doubt re-
turn to their senses, and in a day or two no more
will be heard of such consummate folly. In the
town of Clonmel, however, the mania prevailed up
to yesterday evening, the run extending to all the
joint-stock banks in that town. The office of the
National Bank was kept open until past 4 o'clock,
long after the run had ceased, promptly discharg-
ing all demands for gold.
The Kilkenny Moderator of yesterday states that
there was rather a smart demand for gold at the
local branch bank en Thursday afternoon and Fri-
day morning, but it soon subsided, as all corners
found at once there was plenty of gold to meet
their calls, and the manager did not even require
the formality of any notice, which he might insist
on if he wished, before making payments on de-
posit receipts.
The Dublin Evening Post, a generally correct
authority upon banking affairs, has the followin g
remarks upon the recent panic :
lt lamentable to reflect that the evil effects of the
Sadleir frauds are still felt by the public in Tipperary
and Limerick, and that, through sheer infatuation and
short-sightedness, many persons have been induced to
make a run,' as it is termed, upo❑ branches of the
National Bank in Tipperary, and upon the branch of the
Bank of Ireland in Limerick. The deluded people, who
have withdrawn their deposits from those banks, after
suffering some inconvenience and loss, will soon again
find it their interest to re-invest their money. Any one
who looks at the monthly official returns of the Irish
banks, will perceive that those establishments retain gold
far beyond the amount required by law, and that, even
after the large additions necessarily made to the note
circulation subsequently to the last harvest, the Irish
banks, as appears by the monthly official return of the
22d of November, 1856, had a surplus of gold and bul•
lion beyond the amount required by their fixed issues of
1,481,868/. We have gone into these particulars to
show the extreme folly of the present partial excitement
in the districts referred to. Those people never dreamt
of a run upon that rottenest of banks, the Tipperary
Bank, until after the crash in London ; and now, after
that fraudulent concern has been got ri.f of, they get up
a most foolish and objectionless ra❑ upon the good and
sound banks, and thereby reduce the market price of
their own corn and butter.

As a further illustration of the baneful influenco
exercised by Sadleir in all the monetary schemes
with which he had been more or less connected, the
Post adds :

It is our belief that the unparalleled villany of Sadbir,
which has brought ruin upon so many families in Eng-
land as well as in Ireland, had some remote connexion
with the sinister reports respecting the Commercial
Bank. In his letter to his brother James, advising the
concoction of a fraudulent report of the state of the
Tipperary Bank, Joh❑ Sadleir backed up his scheme by
the false allegation that certain banks in London had
adopted the same mode of cheating the public. In this
way the poison had been disseminated, and persons re-
fused accommodation by any London bank, in order t,)
gratify their malice, had only to hint that the random
inventions of Sadler applied to the establishment which
rejected their bills because it would not be prudent to
deal with them at all.