The Sun.
London, England, 1856-07-23 00:00:00

(From the Morning Chronicle.)

The Act for extending the principle of limited liability
in commercial partnerships is now in operation. Briefly
summed up, its provisions may be divided into four cate-
gories—those, namely, to Registration, Management,
Publicity, and Winding-tip. For the. first
.object the
mechanism provided by the Act is very simple. A single
sheet, called a "memorandum,, is obtained at the api
pointed offices. The names of at least seven copartners
in the incipient enterprise are inscribed thereon, and •
certain blanks filled up indicating the ' name; locality,
object, character, and capital of the concern—a suin. of
51. sterling is paid, and the•registration is complete. The
company is then organised, and may proceed to business
forthwith.
The clauses relating to the other objects of the mea-
sure run into very elaborate detail. The prinCiple on
which the provisions for management is framed is almost
identical with that incorporated in the existing railway
and joint stock companies' acts. Oare is taken_to secure
for the shareholders the means of obtaining constant in-
sight into the affairs of their undertaking, "and of control•
ling in case of need the operations of their directors. By
the " publicity" clauses a similar insight, though unac-
companied with, any. control, is provided for the general
public, whom the Legislature evidently contemplatei in-
the light of probable creditors and possible dupes of an
.insolvent enterprise.
The scheme for winding up companies formed under
the act does not differ materially from that provided at
present in the case of other associations. Some improve-
mentS are introduced as regards the cost or the compli-.
city of the legal formalities, and some slightly woo
stringent precantions are taken against fraud upon the
shareholders or creditors of the concern. But, in its
chief features, the old sy,tein is preserved without alte-
ration.

As a general result, it may be said that the new act is
easily, and effectively workable. A new company may
be formed under it with very little difficulty or expense,
and the operations of the intended enterprit e can be eon,
ducted on a sound bails of profit, with little, obstruction
from technical formalities. To protect directors ri•om
encountering trouble and annoyance at the hands, of dis-
trustful or litigious shareholders Was, no doubt, practi-
cally impossible—and not leSs so to shield the share.
holders from suffering loss by the acts of-reckless- siz
dishonest direotors. But if the sot does not accomplish

( From the Liverpool Albion.)
A NEW MEMBER.
The galleries were filled with strangere ; the lobbies
and passages with others hoping to get within the pri-
vileged precincts of ear-shot in good time ; and an un-
commonly long while that good tire'eeeined in coming,
especially as its duration was double& to the expectant
listener by the perpetual tintinnabule tion of electric
bells ringing to division, whereof there we.ee no less than
six in the course of the evening. The mak, rities of the
parties present had a staid, grave, anxious, seeli"clericai)
demi-redtapical air about them, very differon to the
indifferent aspect observable among a miscella 'mug
crowd of curiosity-hunters on an ordinary afterne)m-
This was accounted for by the nature of the busine."
going on inside, namely, let, the Lords' amendments
to the Cambridge University Bill, which brought up no
end of town-and-gownsmen, past, present, and prospec-
tive peers, commoners, and uncommon collegiate sin-
gularities of all sorts ; and, secondly, the indescribable
cormorants who feared to lose, and the harpies who
hoped to clutch, something or other in connection with
the new Civil Service Bill. This is now luckily among
the many dishonoured acceptances of Palmerston and
Company —or rather of Palmerston only, for
there is no company in the concern ; at least
the head of the house alone is thought of when the
public are called on to give credit to the firm, or the
"infirm," as Derby describes the Cabinet. On its being
known that this measure for-the curtailment of Tapers
and the elongation of Tadpoles was withdrawn, that
Government had again repudiated its own draft, there
was an immediate clearance of one-half the multitude
aforesaid, whose illustration of the Benthamic doctrine
of the greatest happiness of the greatest number con-
sisted in a lively regard for the concernments of Num-
ber one.
As they were leaving the lobby, however, a bustle
and a fuss, and a lifting of hats, and a plurality of
bows and courtesies, on the part of members round the
door, betokened that something unwonted was tran-
spiring, further proof of the fact being afforded by the
presence of ladies peering through the crowd of senators
at what appeared to be one large bale of salmon-
coloured satin, placed on end, and on© ditto smaller
ditto, considerably darker, and by no means so erect.
Drawing nigh, there became visible a towering Asiatic,
as gorgeous as Mr. Disraeli's Sidonian "Mystery," and
certainly as splendid a specimen of Oriental or any other
humanity, Caucasian or what not, as Anglo orbits ever
rolled over. A majestic visage, massive, yet finely-cut
features, with a grand Columbus-contour of expression,
snow-white whiskers, beard, still black in parts, sweeping
over the throat, surmounted a huge but nobly-shaped
trunk, whose every inflection was full of dignity and
ease. The complexion was fair even foran European, with
just the least tint of saffron, like the plumage of a three-
month-old hen canary. There was " pride in the port,
defiance in the eye," but withal great joviality and good
nature ; and he shook hands with the cordiality of a
rat-trap, which caused several of those he sa saluted 'to
jump as though they had been embraced by a wild cat.
" Gentleman" was written unmistakeably all over him,
and Turvydrop, senior, would expire with envy to be-
hold his unsophisticated mastery of "deportment,
which seemed to " snatch a grace beyond the reach of
art." Altogether he was worthy to be occupant of a
throne of " Ormus or of Ind," or wherever the east,
"with richest hand, showers on her Kings barbaric pearl
and gold." Barbaric indeed were the pearls, both in the
enormity of their size, the roughness of their condition,
and the artlessness of their setting. The jewels, which
flamed in his pyramidical head-piece, were in the rudest
condition as to cutting, several of the greatest value
dangling right out from the cap, by a single wire, with
apparently no more dressing than the day they were
found, but proclaithing their worth with a lustre
which all the lapidaries in creation could not impart
to spurious gems. His hands were as poetically
small as Byron found those of the old two-legged lion
of Yanina ; his feet correspondingly diminutive ; so
that the pair of them could be very conveniently
placed in one of Alboni's !shoos when she plays
the heroine of the glass slipper. He had slippers,
too, which he kept on the tips of his toes as easily as an
Englishman would gloves on his fingers, striding about
the ball with them as though they were a couple of the
tightest fitting of Hoby's Hessians, era those picturesque
calf squeezers had departed.
By his side was a darker, and altogether inferior,
though still highly respectable-looking personage, with
rich 'and showy, but less sumptuous attire than that of
him who was evidently his master, and whose sword he
bore. A tolerable load the said sword seemed, with its
gold mountings, and precious-stone settings, and the
weight of the blade itself, which was enormous, as tunny ;
judged by feeling it. So they also judges; of its sharp-
nese, which was like that of a razor. Altogether it was
just such an implement as, in hands fit to wield it,
would have performed either the Saladin trick of carving
a cobweb, or the Richard coup of making mincemeat of
kitchen pokers. But why did not the owner wear this
wondrous weapon by his side ? Why because Lord Chas.
Russell wouldn't lot it come between him and the wind
of his own official toasting-fork :—that was the point.
Etiquette says no man, unless he be an M.P., or sergeant-
at-arms, black rod, silver-stick, or some recognised some-
thing of that sort, shall enter the Hodge armed, save when
he comes to receive the thanks of the Commons for deeds
of daring by sea or land. Accordingly, when this illus-
triods stranger presented himself at the door, the Jacks
around it intimated that the sword must he abandoned ;
and hence he had to hand it to his cedar-coloured compa-
nion, who remained at the portal till the Prince came
out. And who is the Prince? None other than the
Arneer Alli Moerad Kahn Talapoor of Krypoor, famed
in the Sornnauth song of Tame Elephant Ellenborough,
and more famous still in the war blast of " the beat ded
vision that swept Scinde," both of whom said that, but
for the Ameer'a fidelity, it would have been all up with
England at Meanee in '43. What does he do here now!
Begging ;—not exactly in the Date obolunt Belisorio, for
it isn't a crust, but the trifle of 183,0001. per annum he
wants ; and out of which he is prepared to prove that he
has been swindled by the rascality astounding, or aster-
ounding, of a starry nonentty called Mr. —. Of
course "one Hogg," and all the multitudinous guinea-
grubbing pigs of Leadenhall street, are disgusted at the
audacity of the Ameer in desiring to do what he likes
with his own, when they are doing what they like with
it for themselves; so much so that they wouldn't even let
him go to a levee here ; and, when he applied to be pre-
seated, the court directors of the west sent to the court
directorate of the east end, the sages whereof said be was
non-admissible; and non-admissible he has remained ever
since, though instead of a black cravat he was prepared to
sport a shawl that would give a forty-Lalla Rockh vision
of the vale of Cashmere to all the penis of the palace.

From the London Gazette of Last Night.

FOREIGN OFFICE, JULY 22.
The Queen has been pleased to appoint the Earl Gran-
ville to be her Majesty's Ambassador Ex.traordinary to the
Emperor of all the Russias, on the occasion of his Imperial
Majesty's Coronation.
WAR DEPARTMENT, JULY 19. _

The Queen has been graciously pleased to give orders
for the appointment of Lient.-Colonel Sir Win. Thomas
Denison, Knight, R.E., Captain General and Governor-in-
Chief in and over the colony of New South Wales, and of
Roar-Admiral Chas. Elliot, Governor and Commander-in-
Chief in and over the Island of Trinidad, to be Ordinary
Members of the Civil Division of the Second Class, or
Knights Commanders of the Most Honourable Order of
the Bath.