The Sun.
London, England, 1856-03-05 00:00:00

IRELAND.

• DUBLIN, 'MONDAY MORNINO.
THE TIPPERARY BANK.
The etqlotc ticatinel supplies the following dis-
tressing details in connection with, the. embarrals-
merits of the branch of the Tipperary Bank in the
town of,OarloW. The locality will be memorable
as the scone 'tif•some of the leading exploits in the
political life•of the deceased author of the calami-
ties which have fallen upon all whb, unhappily .for
themselves, placed faith in the integrity of Mr.
John Sadleir • •

"Ihe Carlow branch of the Tipperary Bank, which
watt opens though transacting no business, since it sus-
pended payment,' was closed on Wednesday last, we
suppose by order of the directors. During the week
notices of payment were served by the depositors, many
of wham appeared in a • desponding state, the profitit of
their indu4ry being, for the present at least, rendered
totally unavailing. The stoppage of this bank has been
attended with great loss to the farmers and industrious
poor people who, on account of the interest allowed on
the deposits, lodged every shilling they possessed in
its several branches, tinder the impression that their
loeginents were as secure.as if placed in the coffers of the.
Bank of Ireland. Many heart-rending-cases have come
to our knowledge during the week, but, in many in-
stances. the depositors retired satisfied with the explana-
tion of Mr: Vigore, the pro-manager. On Monday even-
ing aboateian, named Butler, from Leighlinbridge, who, •
after years of patient toil, was enabled to lodge from his
savings a sum of1001.,•to provide for the future support
of an aged parent, applied for the amount of his deposit.
He could not be persuaded that the caph was net fertticorc-
ing, and, drawing a cord out of his pocket, he threatened
to bang himself on the spot unless he were paid. Advice
and remonstrance proving of no avail he was at length
removed by a constable who was, called in for that pur-
pose. A schoolmaster, of the same town, was a loser
to the amount of 2001., but he bore his misfortune with
great fortitude until his return home, when he announced
his loss, to the astonishment of his neighbours, who did
not believe him worth a shilling. The liability of this
branch to the depositors is not as yet known, but a hope
is entertained, at the wind up,' that assets will be
available. The amount of current and over-due bills
in the Carlow branch is variously estimated, but we
believe the amount to be very considerable, the greater
pot tion of which, it is supposed, will not be available.
At the wind-up' by the official assignees appointed
under the act, the screw, we apprehend, will be applied
with vigour to many small traders in this town, who
during a long period were connected with the political
career of John Sadleir. We have reason to know that
much sympathy is felt for Mr. James Sadleir, who was,
up-ter Ow last moment of the exister.ce of his unfertunate
brother., ignorant of the wicked career he had pursued,
or of the enormous nature of the terrible speculations
he had been engaged in. Mr. John 'Sridleir's draughts .
were paid by the Tipperary Bank up to a very recent
period without the slightest hesitation. Of course the
extent of those transactions ,will, soon become known to
the assignees, to the shareholders, the depositors, and
the p.ublic,"
-A statement which appeared in one of the Water-
ford papers, setting down the liabilities of the Tip-
perary Bank at 500,0001., is regarded by commercial
authorities as a random guess, and, like many
other reports, a probable exaggeration. The affair
is thus alluded to in the weekly trade report of the
Free7n,ltes Journal :
"If we were`to hazArl what can only be a guess, we
should set down 300,0001. as nearer the amount of lia-
bilities, •and are disposed to think that good assets to
the amount of at least 50,0001. will be f •und avail ible
in the bank. Whether the deficiency which more or
less is ebre to exist can be recovered from the share list
remains to be seen. • Very little seems to be known of
the body of Englitih shareholders, who are chiefly new
entrants, the entire number of shareholders having been
only, we believe, 37 a 'year ago. The frequently fluc-
tuating character of the deposits and liabilities of a bank
makes it in most eases almost needless to look back be-
yond the pest:lnt list, as it may be Wei red that very
few of the present liabilities will attach to any share
holders who have gone out, especially if, as we have
heard it stated, the deposit receipts were periodically
called in and new ones issued. It is to be hoped, hoe -
ever, that before another week elapses the painftl sus-
pense which now hangs over the affairs of the bank may
be dispelled by some authoritative announcement. A
high legal opinion has been taken with respect to the
issue of new deposit receipts in cases in which the de-
posit was not actually withdrawn, and it is said to be
in favour of the depositor's claim on the outgoing share-
holders, as such a system might be contrived to cover
retiring shareholders." . •

TILL MURDER OF MISS HINDS.

Upon the application of counrel for the prisoners,
the trial of the parties charged zit!) the murder
of Miss Hinds has been postponed to the next
assizes, or to any intervening commission that may
occur. The Attorney-General strongly resisted the
motion for postponement, but Mr. Justice Torrens
was inexorable, stating that he felt he should he
unable to come to a satisfactory conclusion in the.
absence of the evidence which was sworn as neces-
sary for the defence of the prisoners..

DUBLIN-, TUESDAY MORNING.
THE TIPPERARY JOINT STOCK BANK,
This being the day appointed by the Master of
the Rolls for the hearing of the petition illed by

Messrs. Morrogh and Kennedy, at the suit of Raf-
ferty, a shareholder in the Tipperary Bank, praying
that the company might be placed under the pro-
visions of the Joint Stock Companies Winding-up
Act, the court was crowded by parties interested
in the case. After hearing counsel, the Master
of the Rolls proceeded to deliver judgment, and,
having reviewed in general terms the case as it was
brought 'before him, and pronounced it to be a
fraud of so gigantic a character as no living being
had ever seen anything like, he read extracts
from the report issued by tho Lank to the share-
holders at a meeting held on the Ist of February,
1856, in Which it was stated that the assets of
the company were equal to 100,0001., whereas
it appeared to him that those assets would not ex-
ceed 35,0001., that Mr. James Sadleir, the sole
manager and director, has permitted his brother,
the late John Sadleir, to overdraw 200,0001.; by
which the bank had become a defaulter to tie
amount of 400,0001., while at that very pericd, oa
the Ist of February last, Mr. James Sadleir de-
clared the payment of a dividend at the rate of 6
per cent., and a bonus of 3 per cent. to the share-
holders, carrying over 3,0001. and upwards to the
reserved fund, which was represented to be 17,0001.,
and further representing the bank to be in a
flourishing state.
In conclusion, his Honour said he could have no
difficulty in complying with the prayer of the peti-
tion, that the company should be wound up, and
that it should stand dissolved from this day. His
Honour referred to the Master to appoint a solici-
tor in the cause, taking care that no solicitor hav-
ing connection in any way with Mr. James Sadleir,
or with any person who had anything to do with
the drawing uy of the report of the bank read at
the meeting on the Ist of February, 1856, should
be appointed to the office.

THE MURDER OF MP,. CALLAGHAN.

The terriblefato which has befallen this unfortu-
nate gentleman caused a deep sensation in Dublin,
where he was long known as a practising solicitor in
the office of the late Mr. Pierce Mahotly, who was
for many years regarded as the head of the second
branch of the legal profession. From all the letters
which have come from the scone of the murder it
would appear that, iu the exercise of the rights of
property, Mr. Callaghan frequently exceeded the
legitimate limits ; and there is no doubt that some
recent evictions of his tenants, including a Roman
Catholic clergyman (the landlord himself teing a
Roman Catholic), engendered the conspiracy which
resulted in the sanguinary tragedy of Friday night.
One of the accounts which reached yesterday men-
tions that Mr. Callaghan formerly acted as receiver
on the property of Whitegate, near Woodford,
which then belonged to a gentleman named Mar-
tin, but the estate was subsequently brought into
the Encumbered. Court, and there sold to Mr. Cal.
-• highan, who found it necessary to reduce the WWI-