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

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DUBLIN, FRIDA
THE GREAT BANK SWINDLES 0
The Evening Post has some sensibl
reference to an analysis of the affairs of bp,416,K
British Bank which appeared in a recent tthribMi
of The Sun, character,sing- it as "an awful o.epo-
sure of iniquity mi the ove hand, and of utter
credulity on the other," r_f.Je Post thus touches
upon the Scotch element in the composition of tie
management :
"It would be very unjust, and, int:eed, it would ha
very absurd, to draw from those facts an: inference pre-
judicial to Scotcbmen, on the same ground that it wouldl
b 3 most monstrous to fix any stain upon Ireland in con-
sequence of the swindling of Sadleir, or to stigmatise
England in regard to the frauds of Strahan, Paul, and
Co. Nationality has nothing at all to do with those
tran.actions, which, however, afford most lamentable
evidence of the extent of public credulity, and of the
manner in which advantage has been taken of that cm.
dual to bring ruin upon many a family."
The Dublin journal, with pardonable vanity,
then pints to an instance in which the genuine
banking establishments in Ireland have manifested
a discretion and knowledge which certainly offer a
striking contrast to the loose and immoral proceed-
ings just brought to light at the other side of the
channel. Here is the case alluded to :

" We happen to know that, about the time of the sus-
pension of £(r. Oliver, of Liverpool, bills of the Royal
British Rink of London were sent for discount to this
city ; but they were then refused. One of the banks in
Dublin caused inquiries to be made iu London as to the
_ _

condition of the British Bank, and the result was that
the bills were rejected here. That happened nearly two
years ago; and we are glad to have it in our power to
mention this fact, so creditable to the Irish banks, whose
thriving cnidition—the effect of really prudent manage-
ment—is so intimately connected with the prosperity of
this part of the united kingdom. The moral to be de-
rived from the disclosures about the British Bank is the
imperative necessity, henceforward, of a bona fide audit,
not alone of balances and ordinary accounts, but au exa-
mination of all over-drawn accounts and the securities
standing against them."
With respect to the two great bank swindles of
the current year people here are beginning to think
it would have been as well had the Master of the
Rolls given full publicity 19 02n names of the three
establishments recorded in th-e76ergrimirmi. of
John Sadleir as the models for his conduct of the
Tipperary Bank. Even now, per:hap3, it would
not be too late for the revelation.
A preliminary meeting of the creditors of Sad-
leir's Bank was held yesterday in the town of Tip-
perary, the Very Rev. Dr. Howley, P.P., in the
chair, when it was determined to call a general
ms'eting of the depositors of that branch of the
concern for Tiiursday next, in order to concert mea-
sures for some amicable adjustment of their claim,
and to save all parties from the ruinous conse-
quences of protracted litigation. The bare prospect
of the issuing of 2,000 writs has, after all, bad a
beneficial effect upon the drowsy creditors.