The Sun.
London, England, 1851-10-23 00:00:00

EVENING, OCTOEE

our own. If the Pacha be completely independent of
the Sultan, then is our Coasul-General in .Egypt an
independent diplomatic potentate also, subject only
to orders from Downing-street. Whereas, if Egypt
be still considered a province of the Porte, there is a
consular agent there bound to consider the British
Minister at the capital as his superior. Whether this
weighty matter is settled by the award of Downing-
street, or by a profound inquiry into the nature of the
Tanzimaut, we are not fully aware. That the affair
of the railroad would be settled, and satisfac-
torily, without armies or war, or even prolonged
quarrel, we were well aware. Reschid Pacha
is not a statesman who would choose fur
his ground of quarrel with Egypt a
question in which British interests were so
deeply concerned. But the permission to execute the
railroad, and the setting aside all remonstrances or
diplomacy respecting it, by no means appeases the
rivalry or extinguishes the quarrel between the Sultan
and the Pacha. It will assume some other form, put
forward other causes or pretexts. And the defeat of
the Porte,which its waiving its objection, is tantunount
to, will but augment the inclination to quarrel. We
must confess to taking the same view of the Tanzi-
maut quarrel as of the railroad business, which is,
that it is much better to make matters up, dissuade
the Sultan and Reschid Pacha from falling into the
old blunder of Nab mend, whose grand policy it was
to strengthen his empire by subduing Egypt; and to
represent to Abbas that his true strength lies far more
in a good understanding with Turkey, than even in
complete independence, however one or other great Eu-
ropean power might support him for the moment in such
pretensions. There can be no doubt, however, that the
opening of the railroad, making Egypt the great place of
transit between east and west, and especially between
Great Britain and her principal colonies, consider-
ably alters the old relations•between Turkey, Egypt,
and England, and has a but too naturel tendency to
place Egypt under English influence, and Constanti-
nople under Russian patronage. Do what we will for
the Turks, they will soon come to perceive that we
are more identified with Egypt than with Constanti-
nople, and feel more interest in the Nile than the
Bosphorus. A retrograde party, hating England,
would soon whisper this to an undiscerning Sultan
or inexperienced Vizier; and neither Reschid nor
Abdul Meschid are immortal. In that case we might
have to pay for our supremacy in Egypt by a total
sacrifice of our political and commercial consideration
and justice in Turkey. This renders such diplomatic
quarrels extremely delicate, and requires at least a cer-
tain unity and subordination amongst our own agents ;
for if they disagree, how are Turk and Arab to be kept at
peace ? We have not yet been favoured with the
Turkish view of the dispute between them and Egypt;
whilst from Egypt we have had some very just objec-
tions to an introduction of the Tanzimaut. But it is
unfair to allege that the Sultan has made no progress
in the reform of his administration, and in the assimi-
lation more and more of his provinces to the better
sense and equity of Europe. We are well aware, indeed,
that Turkish reformers are timid, slow in their ad

flea was not intended to be of the character of several
associations of bankers, which had been promoted for
the purpose of watching legislative proceedings in re-
lation to banking, but its sole object was the mutual
instruction of its members in literary as well as pro-
fessional studies. He urged npon the meeting, in
very forcible language, the advantages of such asso-
ciations in improving the intellectual qualities of those
who were employed in a routine business like bank-
ing. lie would only add that this institution had his
most cordial support and good wishes.—(Cheers.)
Mr. CHARLES CAVE (of the firm of Grote, Pres-
cott, and Grote) seconded the resolution, which was
also supported by Mr. G. CHAMBERS, and oarried
unanimously.
Mr. HYDE CLARICE then moved that certain gen-
tlemen (all of whom were officially connected with
banking establishments) should be elected as council
for the ensuing year, with power to add to their num-
bers ; and that they be requested to invite gentlemen
holding a high position in the banking world to be-
come honorary officers of the institute.

vances, and as often deterred by obstacles as bravely
surmounting them. There is still lamentable disor-
der in finance, peculation and corruption amidst offi-
cials high and low. But on the whole Turkey is
more tranquil than ever it was under the most fierce
and cruel administration, and there is throughout the
empire that general decay of ferocity and fanaticism,
which gives hope of a Christian spirit growing over
the country, the best prelude to Turkey taking rank
amongst the civilised countries of the world, and gra-
dually sharing in the political, social, and religious
enlightenment which can, better than armies, secure
its independence.

This was seconded by Mr. NEWMARCII and carried
unanimously.
A resolution was then passed for the adoption of
the code of laws drawn up by the provisional com-
mittee ; and after a vote of thanks to tho chairman and
to Mr. Gilbart, the meeting separated.

THE MONMOUTHSHIRE AND GLAMOR-
GANSIHRE BAN'KING COMPANY.
The petition just presented to the Master of the
Rolls fur bringing the affairs of this company under
the operation of the Act of Parliament for winding
up joint-stock companies unable to meet their pecu-
niary engagements, sets forth that it wee established
in 1836, with a capital of 190,0001., in shares of 25/.
each, and that a (lc ed of settlement was executed by
the subscribers for that purpose. From 1836, when
the company commenced their trade, until 1851, they
continued to catty on their business at Abergavenny,
Chepstow, Monmouth, Newport, Pontypool, Trede-
gar, the principal place of business being at New-
port, where it was carried on by Mr. John Frazer,
one of the registered public officers of the company,
as the manager. Changes from time to time took
place in the body of proprietors, the shares were
bought and sold, and transfers were made. Large
profits also, it is alleged, were made, or were consi-
dered to be made, and accordingly considerable sums
were allowed to the shareholders es dividends on their
shares, until Gth October lest, when the Commercial
Bank of London, who were the London correspon-
dents of the company, declined to honour their drafts,
upon which the company was compelled and ceased to
carry on business, and on the 7th Oct. a public notice
to that effect WS affixed to the bank doors.

The petition then proceeds to give an official state-
ment of the assets end liabilities (no full or correct
account of which has yet been published), as follows,
and which was presented at the recent meeting of
shpTeholders, from which the press wrs excluded :
Dr.
Existing liabilities ....C558,790 2 2
LDss likely to accrue from bills dis-
counted and rediscounted ...

... 25,000 0 0

£583,796 2 2

Cash ... "• ..
Bills of exchange ...

... £10,301 6 3
... 30,194 1 2
... 62,215 13 6
... 2,342 17 4
... 3,947 10 9

Overdrawn accounts

Due ficm sundries •••
Further amount in hand

.4109,037 9 0
Available—Mortgages, collieries, life
policies, shares, buildings, &c., at
actual cost ... 55,119 0 0
Securities in band of London Joint
Stock Bank

„ 236,308 0 0

£403,462 9 0
Dormant accounts £634,783 0 0
The petition further sets forth that it will be found
that the item 634,7831., entitled " dormant accounts,"
consists of advances of money that have been impro-
perly made by the directors of the company, either in
whole or in part, to some one or more of the directors
or shareholders in the company, or to the customers
thereof, which are uncovered by any security, and that
the whole or greater part of the said " dormant ac-
count" will be lost to the company, and that after
realizing the whole of the assets of the company there
will be a sum amounting to nearly 400,0001. to be
made up by the shareholders of the company in dis-
charge of its liabilities, The petition (presented by
Mrs. Margaret Rankin, of Weston-super-Mere,
through her solicitors, derrs. Emmett and Knight)
concludes by stating that proceedings are now being
threatened by creditors against individual sharehold-
ers in the company for the recovery of their debts,
that calls in arrear are due from various shareholders,
and prays that an order absolute to refer the investi-
gation and settlement of the company's affairs to one
of the Masters in Chancery may be made, as no suffi-
cient means for that purpose and to compel contribu-
tion to meet losses exist, except under the provisions
of the Joint Stock Companies Winding-up Acts.
The following are, we understand, the contemplated
arrangements entered into by the above company for
the liquidation of the demands upon them, viz., all the
small depositors to be paid off at once, which it is
calculated can be done with about 15,0001. On the
Ist of January next to pay a dividend of five shillings
in the pound on the remaining claims; in about four
months after, a second dividend of five shillings ; and
at two subsequent periods, not yet named, two fur-
ther dividends of five shillings each.

ASSASSINATION OF FRASCHINI, THE
SINGER.
_ _ _

A letter from Venice, in the Trieste Gazette, pub-
lishes the subjoined account of the murder of Fras-
chini, the tenor, by a brother artiste :
" Oa the 10th instant, Fraschini, the celebrated tenor,
was sitting at his breakfast, when his colleague, Collini,
the baritone, who has met with but little applause from
the public, owing to his having nearly lost his voice,
entered his room, and shook hands with him. After a
few moments' conversation, Collini drew a dagger and
stabbed Fraschini three times through the heart. The
latter fell dead upon the ground. The assassin then
effected his escape. The Italian Opera thus loses one
of its brightest ornaments. Fraschini was married, and
the father of four children."

THE NORTH WELSH FISHERIES .—Oyster dredging
has no become so extremely profitable in the Menai Straits
that fishing vessels from Jersey and other distant partsfind it
to their advantage to go thither, in order to speculase upon
the profits of a season. These straits abound with vast
quantities of fish which hitherto have passed without notice,
or comparatively little, in consequence of their being but a
limited demand, but the opening of the Chester and Holy-
head line has at length aroused the North Wales fishetmen
to the necessity of exerting themselves, otherwise the trade
will be carried from them by enterprising and energetic
Englishmen. Accordingly, from the neighbourhood of Con-
way, large quantities of fish are regularly conveyed by the
rail to Chester, Liverpool, and Manchester, and the other
large inland towns, where they find a ready market. On
the establishment of the branch line from Carnarvon to Ban-
gor, it is expected that largo quantities of the finny and shell
tribe which so abound in Carnarvon bay will likewise find
their way to England for disposal. In Beaumaris bay veb-
sets from Hoylake regularly fish, and forward large cargoes
to the Lancashire markets.
NEW Osminus.—Atotber new patent omnibus
commenced running yesterday between the Strand and the
North-Western Railway. The peculiarity of the new vehicle
consists in a double door, which swings OR a pivot, and turns
completely round, besides possessing a moveable axis thus
enabling the door to be swung with facility entirely out of
the way of the entrance to the omnibus, and affording space
or more than one pereell at a time to enter. _

23, 18h1.

THE BANKING INSTITUTE. TILE GREAT EXHIBITION.
A general meeting of the friends and promoters of The work of removal goes on apace. Nearly hal: the
o
this scheme was held yesterday evening at the Lou- ,' British exhibitors are gone, red in two or three weeks
don Tavern, for the purpose of adopting rules, and more the western halt of the building will have been
appointing officers for the management of the insti- swept clean to the doors. Some of the foreign contri-
tute; Mr. W. G. Prescott in the chair. butors will probably linger on the scene of their triumphs,
but they also
This institute has for its objects the periodical
earnestly '
.ippeur to be actively on
.the move, zee
meeting; of all parties connected with banking and
.. b
and I,onie bentar on getting
(away. Tanis, Swilzeri3nd,
departure, if they have not
commerce, the reading and discussion of papers the already gone, e. el‘ieessthrse. Alaceor. el-en, the Russian Custom-
republication of rare and useful works, the establish- house agents, have sent offathe things belonging to the
meat of a mutual guarantee fund for the fidelity of Emperor which were exhibited; and Messrs. lej sr are
bank officers, and the opening of a centre! room as a busily engaged in preparing for re shipment the Turkish,
library and place of meeting for London and county Austrian, and other collections for which they were
members. concerned. In about two months hence the Crystal
Palace will be left alone in its glory, and when the pub-
manyThe CHAIRMAN said he had been requested by
atinedahrea once more admitted within its spacious precincts,
gentlemen interested in the subject of banking,
io.antivee:shtiemileo to
the Great
in its unadorned grandeur the
and connected with that profession, to take the chair
raelet,Exhibition, we shall be eur-
f tha
gigantic
indeed 'if the
on the present occasion for the establishment of a
full effect of is acresyof rvouint dto be pulled down. The
" Banking Institute." He had done so with great
pleasure, and although other obligations might pre- a
ainoopartition
wall,
w. g under one roof without
Wh the light of heaven pane-
vent his being permanently connected with it, he tracing every corner of it, and the whole seen at a
should feel happy if by presiding at the first meeting glance, has never yet boen thoroughly realized. If to
id the success that mint be achieved thereby
he could in any way forward the success of an insti- that attraction the contractors add those of balls and
tution which, lie believed, would be both serviceable Prom
to the public as well as to its members.—(Hear,
would tel es,
powerfully upon the fate of the building when
promenades,
hear.) Amongst the social arrangements on which.i
discussed
n Parliament.
under the present advanced position of society, the com-
fort of a large portion of the community depended, few
were more important than the currency and banking
institutions, and it was of the utmost importance to cul-
tivate and extend as far as possible the scientific and
practical knowledge of them. This institution, if
properly carried out, was well calculated to obtain
this object. This association was only following the
example of other professions who had established
similar institutions, and he could not see why the
profession of banking should not be able to create and
maintain an institution for the benefit of its members,
and the extension of a sound knowledge of commercial,
monetary, and banking affairs.—(Hear, hear.)
The Hon. Secretary (Mr. FALTON) then read the
report of the proceedings of the provisional com-
mittee, which showed the great support the proposal
had already received from the whole of the banking
community, joint-stock as well as private, both in
London and in the country, and stated the plan on
which it was proposed to establish the institution.
Mr. J. W. GILUART moved the first resolution :
" That the establishment of a banking institute is
calculated to be advantageous to all parties engaged
in banking pursuits, and is deserving of the support
of the banking interest." He said that this institu

CONFLAGRATION AT ENFIELD.
Yesterday (Wednesday) forenoon, about half-past
ten eclock, one of the most extensive fires that has
occurred for some years past in the parish of Enfield
broke out in the premises belonging to Mr. A. Paris,
known as Plumridge Farm, about four miles beyond
the Barnet station of the Great Northern Railway.
From inquiries made on the spot our reporter
gleaned the following particulars. Before, however,
it is necessary, in order that the reader may correctly
understand how it was that the fire made such fearful
progress, to state that the farm-house stood in a
direct line with the carriage road, whilst a number
of brick and timber buildings used for depositing
corn, seeds, cattle, &c., ran in a kind of circuitous
form a considerable distance, and again approached to
within a short space of the first-named building. The
space between the various erections was literally
studded with wide and lofty stacks of corn, hay, and
other farm-produce. Some of the ricks towered so
high that there must have been between 200 and
300 loads of material in them. Between the licks
and the buildings a number of sheds stretbhed across.
The fire commenced in a small shed, through the
carelessness of one of the men employed on the estate
heating a pot of tar. Whilst attending to the fire
the contents of the vessel boiled over, and in an in-
stent the combustible liquid became ignited, and ran
like a sheet of flame over the floor of the building, so
that in less than five minutes the names rushed out of
the property and seized upon everything near. The
men employed on the farm, as well as many of the
neighbours, hastened to the spot to render assistance,
but in spite of their exertions the work of devastation
continued with frightful rapidity.
With es little delay as possible three engines of the
parish went down, but by that period a large barn,
between 80 and 100 feat long, and containing up-
wards of 150 quarters of corn, and a smaller one,
about 40 feet long, and a number of sheds, were in
flames. All chance of saving any portion of these
premises appeared perfectly hopeless ; every endeavour
was therefore made to save the ricks of hay and wheat
contiguous ; but so fiercely did the flames extend that
very quickly a large wooden building nearly 70 feet
long became fired, and but few minutes elapsed before
the whole structure was enveloped in flames. The
various persons at work at this conjuncture, on seeing
the conflagration travelling so fearfully, were com-
pletely bewildered. A great many directed their ser-
vices towards stopping the fire from reaching the
stacks and ricks standing hard by, but even in that
they wese to a certain extent disappointed, fur rick
after rick of corn and hay, to the number of eight,
became ignited in rapid succession; and the flames
being wafted by rather a stiffish breeze, extended
their ravages to the stables and some carriage sheds.
Nothing short of the complete destruction of the
whole of Mr. Paris's property could nowbe expected,
more especially as a lofty rick of hay or corn, contain-
ing nearly three hundred loads, was in flames. The
men, however, in a most praiseworthy manner, re-
sorted to various expedients to save from total destruc-
tion this stock, well knowing, if they could not, the
bailiff's house and five other ricks must share the
same fate as the others. Fortunately, by scattering
the water and cutting the rick round they succeeded in
saving the interior of the stack, and thereby cut off the
the further spread of the flames in the direction of the
bailiff's house and other valuable property. The
fearful element continued to rage, and so threatening
an appearance did it at length assume that it was
deemed advisable to send a mounted policeman, and
also to employ the electric telegraph to give the ne•
cessary intelligence to the London fire stations, so
that additional bid might be obtained. The moment
the hews was received in London, Scott, the head en-
gineer of the Parringdon-street-station, started with
one of the brigade engines and a powerful body of
firemen. Mr. Connorton, the superintendent of the
West of England fire brigade, followed soon after,
and on their arrival they beheld a fearful scene ; for
at the least computation they found property covering
half an acre of land in a tremendous blaze. The bri-
gade engine was forthwith taken to a pond of water,
and its contents were pumped into the parish engines,
for by that means alone could a continuous jet be
thrown upon the fire. Fortunately, the firemen by
eight o'clock succeeded in getting, as far as appear-
ances went, command over the fire, that is, to stay its
further extension, but at that hour the country for
miles round was most brilliantly illumined, and it
was the opinion of the firemen present that they
would be unable to get the fire completely extin-
guished before late this (Thursday) morning. To
give anything like a correct estimate of the damage
done would, at the present time, be impossible ; we
can however state with certainty that up to eight
o'clock last night the large barn, with 130 quarters
of wheat, the smaller one 40 feet long, another
building 60 feet long, a vast number of sheds, the
stables, and eight stacks of corn and hay were com-
pletely destroyed, to say nothing of the damage done
to the surrounding property. Mr Paris, who is uni-
versally respected in the neighbourhood, was insured
in the Sun Fire-office.

ESCAPE OF AN ITALIAN REFUGEE TO

LIVERPOOL.

By the screw-steamer Arno, which arrived at this
port from Italy last week, we had transported to our
shores an interesting refugee, in the shape of a mere
boy, sixteen years of age, whose name, for obvious
reasons, we are not permitted to mention, who literally
had "to run his country to save his neck?' Half as
hour before the Arno left Leghorn, he was brought on
board concealed in a sack, and placed for safety among
the provisions in the lazaret. The person in charge of
" the parcel" paid its passage money to England, and
thus far was all Captain Harem knew about the mat-
ter at the time. On getting clear of the port, how-
ever, it turned out that " the sack," like many of
those occasionally dropped in the Bosphorous, con-
tained a living freight; and a dark-eyed boy made his
appearance to claim the protection of the commander
of the vessel. His only credentials were an appeal
to the sympathies of human nature in assisting a
fellow-creature in distress, and a letter of introduction
to Messrs. M'lCean, M'Larty, and Co., of this town.
It appeared that this young gentleman and a number of
other precocious spirits had formed themselves into a
secret society or club, for the printing and circulation of
religious and political works, among which the distribu-
tion of the Bible, and pamphlets on the " Freedom of
Italy," formed a prominent part. The authorities hav-
ing got wind of their proceedings, several of the mem-
bers were arrested and summarily shot, and to escape a
similar fate, our hero was embarked on board the Arno.
His parents knew nothing of his connexion with the
affair until startled by the appearance of the soldiers to
demand the person of their son; and for a couple of days
previous to the Arno's arrival at Leghorn, he had been
removed from house to house in the suburbs of the city
to escape detection.—Liverpool Standard.

sthhaalti,
COUNTY COURTS.—In the recent rules issued for
theo nr regulation
beforetion countyotfhe secof
jurattletbryer,elBiss27teh ejudgesdeclaring
appoint the days and hours for holding each of their courts
during the month of January, February, and March in the
said year ; and on or before the first day of every month
after the said month of January, the judges shall appoint
the days and hours for holding each of their courts during
the month next followin sachet hree months previously ap-
pointed, and a notice of ppointments shall forthwith
be put up by the clerk in some consicuous place in the
court-house and in the office of the clerk; whenever any
day so appointed for holding the ►
court shall be alterea,
notice of such alteration and the time when it will take
effect shall be put up in some conspicuous place in the
court-house and clerk's office, provided that the judge may
from time to time hold additional emits besides those
hereinbefore required to be appointed. Two courts shall not
be held before the same judge in one day." It is to be hoed
that the time when the courts are to use each day will 13
be
stated, which notice would benefit all prevent
late sittings. parties, and
AN IRISH MONARCH IN HENRY THE SECOND'S
DAYS.—In one fight, early in the war, they cut off three
hundred heads, and laid them before Mac Murrongh, who
turned them every one up with his hands, rejoicing, and com-
ing to one which was the head of a man whom he had very
much disliked, grasped it by the hair and ears, and tore off
the nose and lips with his teeth. You may judge from this,
what kind of gentleman an Irish King in those times
treated:
The captives, all through this war, were horribly tr".ds,
the victorious party making nothing of breaking_ttiejr irimte
and casting them into the sea from the tops of high ociDit,.
d lay piled in the
on the taking of Waterford, where
with
d
blood, that Strongbow
It was in the midst of the miseries and cruelties attendant
streets, and the filthy gutters ran
e
d one quite worthy of the
of corpses must have
father.—Dickens's
" Household Words."
married Eva,—an odious marriage company those mouals
young lady's hither.—
81LL..-...1t is
at the late Councilonly
circulated that
now pretty freely
Russell's Cabinet. supported his
members of Lord John
LORD JOHN RUSSELL'S NEW REFORM
three
Reform Bill at all. This :division in the
d to any new
now Reform Bill proposition. The other members were op-
pose.
The privilege of selling newspapers and books at
Cabinet has caused great consternation.—Herald.
the railway stations telonging to the South-Western Rail-
way Company has, it is stated, been leased to Messrs. Smith
aid Sop, the urns-agents of the Strand, for 1,000/. a year.