The Sun.
London, England, 1856-09-27 00:00:00

THE ROYAL BRITISH BANK.

APPOINTMENT OF AN INTERIM
MANAGER.

At the chambers of the Vice-Chancellor Kin-
dersley, Mr. Robert Palmer airding„ of the firm
of Harding and Pullen), was this morning appointed
the interim manager, upon the application of
Messrs. Amery, Travers, and Smith, and Messrs.
Chilton and Burton, who appeared for a very large
body of shareholders. The other gentlemen pro-
posed were Mr. Coleman, Mr. Tuiquand, and Mr.
Wry gh te.

MANCHESTER RACES—(This Day.)

(BY ELECTRIC TELEGRAPH.)
GRAND STAND PLATE.

Alfred
Bessie

Eleven ran.

METROPOLITAN HANDICAP.

Bourgeois
Excitement

Ten ran.
SCURRY HANDICAP.

Salmon

Kinburn

Fic e ran.
NURSERY HANDICAP.

Lady Malcolm
Evelyn

Fifteen mu.

AUSTRIA.

1

VIENNA, Sept. 23.—For some time past there
has been a strong tendency to a decline in all kinds
of Austrian stock, and certain measures taken by
the Credit and National Banks have now led to a
panic which fully equals, if it does not surpass,
that which prevailed here in the winter of 1850
and 1851, when a war between Austria and
Prussia appeared inevitable. According to the
17th paragraph of the statutes of the
Credit Bank, the whole capital of 60,000,000f1.
was to be paid in by the end of June, 1857, but
the fact had entirely escaped the memory of the
great majority of the shareholders, and the few
who did remember it were of opinion that no
further call would be made on them until a
balance-sheet had been published, and a dividend
paid on the first instalment of 30 per cent. In-
stead of a balance-sheet containing au account of
the way in which the 18,000,0006. already received
had been employed, the Administrative Council of
the Credit Bank published the subjoined laconic
notice in the official Weiner Zeitung:—
" Agreeably to the 17th paragraph of the statutes,
which relates to the further payment of the 70 per ce: t.
of the capital of the institution, the Administrative
Council has determined that 20 per cent. shall be paid
betwee9 the Ist and 30th of November, 1856 ; 10 lAr
cent. between the 2d and 31st of January, 1857 ; 20
per cent. between the Ist and 30th of April, 1857 ; and
the remaining 20 per cent. between the let and 30th of
June, 1857."

The immediate consequence of the foregoing com-
munication was that those Austrian holders of
Credit Bank stock who bad no prospect of being
able to pay the further instalments suddenly brought
their shares into the market, and thereby caused a
very heavy fall. Two days before the decision of
the Council of the Credit Bank was made known to
the public two or three of its members took undue
advantage of their position, and effected large salts
of shares at high prices at various German capitals.
the commencement of this month Credit Bank
shares at 2001, on which but 30 per cent. had
been paid, were at 394f1., and this morning they
were at 325f1. As the foreign holders of Credit
Bank stock are beginning to share the panic which
prevails here, it is very probable that there will be
a further fall, although the principal money-
changers and sellers of Government stock have sold
shares to an enormous amount to the great public
within the last 48 hours. As if to increase the
dilemma in which the finance world is just
now placed, the direction of the National Bank
has this morning informed the public that it has
raised the rate of interest "on all discount and
loan business" from four to five per cent. It need
hardly be said that the news of the departure of the
united squadrons for the Gulf of Naples has tended
to increase the panic of the stock jobbing world.
Reliable information has been given me that the
Credit Bank simply followed the counsel of the Fi-
nance Minister when it called on the subscribers to
pay up the remaining 70 per cent. within so short
a period, atd his motives for giving such advice are
pretty evident. For want of the necessary funds,
the Credit Bank has not yet been able to establish
branch banks in Hungary, and some of the most in-
fluential nobles are now moving heaven and earth
to obtain from the Emperor the permission to estab-
lish an independent Credit Bank for that Crown
Land. For political reasons the boon will not be
granted, but the Austrian Credit Bank will receive
orders to establish branch banks without delay.
Another reason why the Finance Minister is very
desirous that the Credit Bank should be in posses-
sion of its whole capital is, that the Francis Joseph,
Theiss, and East Galician Railroad Companies re-
quire its assistance. It is related that railroad and
other inclustriel concessions requiring a capital of
250,000,000 florins are about to be granted by the
Austrian Government, and if such should really
be the case, a tremendous smash, and that at uo
distant period, may reasonably be expected. In
my opinion Baron Bruck has even now more irons
in the fire than is quite prudent.

THE RETIRING BISHOP OF LONDON.—" Simplex," in,
a letter to a morning contemporary, thus writes :—" As
one of the clergy of the diocese of London, I have re-
cently received a circular from the archdeacon request.
ing my signature to an address to the retiring bishop.
The archdeacon, either out of consideration for curates,
or from some apprehension lest the affectionate regret'
of the clergy should grudge a penny and a note in
making itself audible, has enclosed a stamped reply
which one has simply to sign and take to the nearest
leiter-box. Could any request be more easily complied
with ? And yet some of us have a difficulty about it*
It seems to us that, though we are spared our pence and
our paper, we are required to make the not entirely in-
significant sacrifice of our sincerity and truthfulness. I
believe I am expressing the sentiments of the great body
of the London clergy when I say that we have none but
kindly and respectful feelings towards the retiring bishop.
If these feelings are not of the warmest, it is, no doubt,
attributable to the fact of a large maj,rity of us being
but slightly acquainted with him. On the occasion of
his retirement had any reasonable token of the respect
of his clergy been contemplated we should all gladly
have joined in it ; but, as it is, we are asked to sign an
address speaking of his retirement as memorable and
to us deeply affecting occasion,' and attributing to us a
desire to approach his lordship with the expression of
our most affectionate : egret.' The address then launches
out into a laudation of the bishop which, as I have
not the means of judging, I will charitably
hope is strictly correc', although one cannot but con-
jecture that it would have been thought somewhat ful-
some if addressed to a St. Ambrose or a Bishop Heber.
Now, sir, if we sign this address, what pretension Call
we make to a quality which as Englishmen we are apt
to appreciate rather highly—viz., sincerity ? How can
we have the face to lecture our congregations on the
hollowness and insincerity we see around us when we
ourselves have just been forwarding to Fulham our ex-
pressions of the deepest sorrow on the cmternplation
of a retirement' which very few of us would walk a
hundred yards to prevent ?"
STARVATION OF A HUNGARIAN REFUGEE.—About 12
months ago a Iluaearian refugee came to reside in Hull,
under the name of Dr. Beck, and endeavoured to earn A
livelihood for himself and family by teaching languages,
but after suffering the keen and protracted pangs of
poverty and destitution for several months he expired
on Monday last. We are given to understand that de-
ceased's real name was Adolphe de Werdinsky. He
was born in March, 1803, at NVorden Castle, near the
town of Galatzia. He was the only child of the late
Count Adolphe de Werdinsky, who was a General in the
Polish army, and a princess of Poland, who died in
childbirth. Deceased was educated at home, in the most
costly manner, having classical tators in almost all mo-
dern languages, and his remarkable aptitude for study
was proved by his intimate acquaintance with at least
12, and to which he has of late trusted as a means o
livelihood. Deceased married a woman at Southamp-
ton much younger than himself, and by this marriage
he had two children, only one of whom is at present
alive. So resolute and unbending was his spirit
of independence that it was only in the last extre-
mity that any of his friends were made acquainted
with his destitute condition, and that was done
against his express command. For several weeks past
we understand that the deceased and his family had been
limited to a morsel of bread for their daily food, and
their destitution was rendered more lamentable from the
fact that there was absolutely nothing in the house which
could be turned into money. For weeks together we
believe that their scanty income has been only about Be;
parish expressed
coffin
nut;maonsdt
re-
Bpue,fotraentcheet do obettiohrge
interred h e
i n a we
believe there is no fear of this, for death has dune more
• for them than he was able to do while living. The
helping hand of charity is now of no avail, except to
t place the widow and child above the grinding penury of
their past life.—Eastern Counties Herald. _