The Sun.
London, England, 1869-08-04 00:00:00

is supplied with prey, as insects are to birds, and
birds to the fowler.
While we admit that no legislation can prevent
the inexperienced from being plucked by the it
we maintain that it is the business of a
Legislature to protec t the interests of thepublic gene-
rally against plotters. Society has wholly changed
since the days when the Common Law of England
was framed for the security of property and the
punishment of thieves. That code is mainly directed
against burglary, robbery with violence, defaulting
clerks, or combinations of coiners, and those of the
poor to defraud the rich. Now, few fear robbery
with violence, or the skill of the pickpocket, or any
other means by which purses are captured or pocket-
handkerchiefs or silver spoons abstracted ; but what
men have to guard against is a more subtle and
wholesale system of spoliation, and there is no effec-
tive machinery to put in force even such laws as
have been passed for the punishment of these cases.
Since the passage of the Limited Liability Act, scores
of millions have been deliberately stolen under its
provisions, a greater sum, probably, than the grand
total of all the burglaries ever committed in Eng.
land, for which thousands have been hanged—and
who, for these atrocities, has been punished ?—while
there is a civic dignitary, a notorious guinea-pig,
connected with some concerns which alike ruined
creditor and shareholder, flourishing, and standing
high in the confidence of the commercial world. We
may illustrate our position by a case which has just
occurred in New York. WILLIAM H. SANFORD, the
cashier of the Central National Bank, a man pos-
sessing the entire confidence of his employers, ab-
sconded with bonds amounting to $lOO,OOO, leav-
ing his wife and family stigmatised and starving.
Before going he wrote a letter showing the agonised
frame of mind in which he fled ; and what was it
that carried him into this abyss ? Did our readers
glance through an article which appeared in this
paper a fortnight ago, telling the story of the Mari-
posa swindle, and which we gave as a sample of how
they do it in New York, which is not unlike the way
they do it in London. SANFORD was one of the
unsuspecting crew caught by the brilliant reports
from the estate in California, which there is reason

to believe were all manufactured in the office at New
York. He thought he might make a little money for
himself, with small risk to the funds he used of the
bank, by speculating in stock he had such good rea-
son for believing would soon be atpar. Those who read
that article know what the thing was in which he in-
vested, and will not be surprised to learn that he is
now a fugitive from justice, his wife and children
reduced to beggary, and the innocent shareholders
of the bank mulcted in the sum of $lOO,OOO. But
a few weeks ago, the president of that company was
presented with a piece of plate in consideration of
his services and of the rising value of the stock,
when he modestly disclaimed the high compliments
ihowerei on him, ascribing the success of the Mari-
posa swindle to an over-ruling PROVIDENCE! The
fate of SANDFORD, the loss to the Central Natimal
Bank, and the desolation of the wife and little ones
are a part of this pious gentleman's h.mdiwo.k.
The law which would award the punishment of
felony to the deceived culprit, regards as an hon-
oured member of society the deceiver ; and this is
practically the same in England, where, we venture
to assert, there were scores of such cases during the
last three years. The law requires a change, but
tl.cs3 who make the law are in n) hurry, as the

interests of the mernbers themselves would be
rather injured than served by any such alteration.

BUDGET OF PERSONAL—The New York. Work!
reports that General Butterfield was appointed Assistant
Treasurer, at New York, on the recommendation Mr. A.
T. Stewart.—The Hon. James E. Wilson declines to be
considered a candidate for United States Senator from
lowa. Captain Lott, of the Cunard steamer, Russia, has
crossed the Atlantic 371 times.—Major-General Thomas
and Staff left Portland, Oregon, on the Bth of July for
Alaska.—Ex-Secretary William H. Seward is confined to
his hotel, at San Francisco, by an attack of rheumatism.—
Commodore Vanderbilt has engaged a suite of apartments
at Niagara for the summer.—Cyrus W. Field and Frede-
rick E. Church aro at the Prospect Park Hotel, Catskill.
Mr. Church is about to build a residence on the east bank
of the Hudson River, opposite the hotel.—Andrew Johnson
is announced to make a speech at Carthago, where some-
body says the modern Marius can survey his own ruins.—
Among the passengers by the Uamburgh and American
Company's steamer Si esia, which arrived at Plymouth
from Now York July 23, were the Hon. S. B. Ruggles, the
United States delegate to the International Congress at
the Hague, and Captain Tetteuborn, the Prussian Consul-
General at Shanghae.—Sir John Rose, the Canadian Fi-
nance Minister, has resigned; we regret to hear of the
death of his grand-child at Montreal during his ab-
sence at Washington. It is said that either Sir John
Macdonald or Sir George Cartier will succeed Sir John
Rose as Finance MiaLter. General Franc's A. Os-
borne was offered, but has declined, the appointment of
Supervisor of Internal Revenue for the State of _Massa-
chusetts, Rhode Island and Connecticut.—Hon. Edward
M'Pherson, of Pennsylvania, Clerk of the United States
House of Representatives, was to leave Now York for Europe
on July 23th, on a trip for the benefit of his health.—Sec-
rotary Boutwell has reappointed T. J. Kinsella Special Agent
cf the Treasury Department. This is the gentleman who re-
cently investigated the New Orleans frauds.—Mr. R. W.
Raymond,Commissioner of Mining Statistics, is now on his
travels, collecting materials for his next annual report to
Congress.—Prof.Whitney, with a scientific party, is to spend
July and August in the South and Middle Parks, for the
purpose of making a geological examination of the country.
Another fight has been arranged between McCoole and
Allen, for $2,500 a-side, to be fought in four months,
within 50 miles of Cincinnati.—Marshal Packard, of New
Orleans, has seized the books of Auguste Contourie and
Co. for examination relative to the recent sugar frauds.—
It is rumoured in America that the Empress of the Francis
will visit the United States next summer.—About a fort-
night ago an unknown person threw himself under the
wheels of an advancing train at Crewe station, England,
and was of course instantly killed. Upon his body was
found papers and Wads which had been abstracted from a
New York bank in ono of the recent robberies, we pre-
sume of the Ocean Bank.—Two ascents of Mont Blanc
have lately been made, and singularly enough the gentle-
men who made them met on the summitt and
descended together; the one was Mr. Armot, of New
York, and the other Mr. Adams Reilly, of London.
—Mr. Jefferson Davis, accompanied by. Mr. Charles
Mackay, has reached Edinburgh on a tour through Scot-
land. We presume, therefore, that Mr. Davis is not in the
deplorable state of health in which he was represented in
a paragraph which went the rounds of the American and
English papers.—The Episcopal Bishop of Chicago has
instructed the wardens of Trinity Church of that city not
to allow that pulpit to be occupied by Rev. Dr. Cummings,
the latter having inveighed against Ritualistic doctrine.—
The New York Mail remarks that Mrs. Stanton is the salt,
Anna Dickinson the pepper, and Miss Anthony the vinegar
of the Female Suffrage movement. —The Hon.E.J.Morris,
American Minister at Constantinople, has been elected
President of the English and American Bible Society of
that city.—Atnong the passengers on the steamer Berlin
which left Baltimore on Wednesday, July 14, for South.
ampton, 'wore Henry Howard and family, of the British
Legation, at Washington, Mr. Rainals, British Consul at
Baltimore, and the Rev. Dr. Rankin, of St. Luke's Epis-
copal Church, Baltimore.

On the 16th of July, in Oyer and 7ernziner, New
York, seven of the Wall-street brokers, against whom in-
dictments had been found, being arrested proposed to
give baiL The names of those found were as follows :
Russell Sage, whose surety is James Buell, Lucas J. Van
Boskirk, surety, James H. Benedict ; Reuben W. Howes,
surety, Charles A. Macy, junior; Chas A. Macy, surety,
Charles A. Macy, junior ; Edward R. Jones, surety, Ed-
ward Jones ; George Phipps, surety, Edward Jones ;
David M. Morrison, surety, Douglass Duane. The bail
was in all the cases fixed at $3,000, except Mr. Macy's and
Mr. Jones's, against whom two indictments have been
ound, who aro held in $O,OOO. The indictments are
simple indictments for usury, under the statute by which
usury is made a misdetueaeor, punishable with a fine not
exceeding 81.,000, a-A imprisonm:int not exceeding six