The Sun.
London, England, 1869-01-28 00:00:00

THE SUN, LONDON, THURSDAY EVENING, JANUARY 28, 1869.

SHARE LIST.

JOINT-STOCK BANKS.

Closing Business
Share NAME. Paid. Price. done
10
10 Agra
Do Limited, A all 11% 12%
B 5O Albion lO
15 641 51
4
100 Alliance, Limited
20 Anglo -Austrian
20 Anglo- Egyptian, lim all 17 18
20 Anglo- Hungarian 8 2 3
20 Anglo-Italian 186 G, limited 10 6 5
40 Australasian
20 Bank of British Columbia all 11 1,
'2O Do issued at 2 pm....., 5 ... ...
25 Bank of Egypt
20 Bank of Otago, lim.
25 Bank of South Australia all 31 zo
50 Bank of Victoria, Australia 25 37 3V
10 Bank of New Zealand all 17 19
50 British North American
20 Chartered of In dia, A ustra-
lia, ,nd China all 20% 211
25 Chartered Me re. of India
London, and China all 29 30%
20 City
100 Colonial
10 Consolidated, lim.
50 Delhi and London, lim
50 East London, lim 5 11 01
20 English and American, lim 10 ... ...
21 English Bank of Rio de Ja-
noir.). lim
20 English, ,c,Atish, and Aus
tralian Chartered
28; Hoag Kong and Shanghai
Bank Corporation all ... ...
281 . Do new 5l 1 t
10U Imperial, lim 2O 17 16 171
20 Imperial Ottoman lO 1 li
_5 lonian. all 27 29
25 Do new 5 pr ip
.i 0 Lnd Mortgage of India, Bin 4 3;. 31
100 1/..) sp. c. Debs.lB6l, 30 all 76 75 7 i
30 Loudon Bank of Slexico
and South America, liin. 20 6 4
100 London and Brazilian, lim. 45 32 28
20 Do new 7% 61 53
100 London & River Plate, lim. 40 7 0
2:5 Do new 19 1% 1%
20 London Chart. of Australia all 221 201 23
5U London and County 2O 491 501
20 Do new, iss at 20 p.ru, 16 pd ll ...
50 London Joint 5t0ck........, 1 33 36 33 2%
20 London and South African al 11 12
100 London &S.-Western, dim, 20 ... •••
60 London & Venezuela, lim 12% ...
100 London and Westminster. 20 63 64
100 Do Scrip, iss at 10 pm 2O 61 62 GI
100 Merchant, lim 25 6 4
10 Metropolitan, lim all 61 7% 71
100 Midland, lim 2O id pr
5 National of Atistralia
2:5 National of Liverpool, lim l5 3 1 d
100 National Provinc. of Eng'd 42 ... "' 136
10 Do .....
•
to National
20 New South Wales all 42 43
20 North-Western
25 Oriental Bank Corporation alt 421 431 42
50 Provinc. Bank. Corpo., lim. 10 6 5%
100 Provincial of Ireland 2:5 89 91
10 Do new.. all ... ...
100 Stand, of Brit. S. Africa, lim 25 15 11
100 Do issued at 6 pm. 10 ... ...
25 Union of Australia all 45 47
100 Union of Ireland, lim
50 Union of London

MISCELLANEOUS.

Anglo-American Tel., lint all 22 221
Anglo-Mediter. Tel., lim 10 121 14/ 111
Anglo-Mexican Mint all 151 161
Atlantic Telegraph lO 33 35 351
Do. 8 per cent. lOO 81). 85 86/
Australian Agricultural
Australian Mort. Land and
Finance, lira.
Baugarah Tea Estates, lint 9 7
Berlin Water Works, lint. all 131 141
Do. New 6 3 31
Bolckow Vaughan, lint.
Bombay Gas, litn
Do. New 4
British Ametican Land 44 1611 18Id
B. and L Magnetic Tel., lint lOO 166 171
British Indian Tea, lint.
British Ship Owners 7l
Canada Company all 64 63
Canadian Loan and Invest-
ment, lint. 2l 21 115
Ceylon Company, lim
Do. A shares
City Discount, lim 5 41 31
City of London Real Pro-
perty, lint 8 41 81d
City of Milan Improv. lim all blO
City of Moscow Gas, Rm all 2 3
City Offices, lim 25 21 23 d
Colonial, lint.
Do.
Commercial Union (Assur) 5 I ip
Company of African Mer-
chants, lim. 3 p
Continental Union Gas, lint. all 18 19
Copper Miners of England,
pref. 71 per cent.
Corporation of London
Bonds, 1877, 41 per cent. all 104 105
Do. 1879, 4 per cent. all 104 1051
Do. 1882, 44 per cent. all 1031 1()41
Credit Fon. of England, lint. all 21 21
Credit Fon.of Mauritius lim lO 31 213
Crystal Palace lOO 19 21 201
Do. Preference lOO 91 99
Do. 6p. c Perpetual Deb lO9 10.5 10.4
Darjeeling, lint.
Eastern Assam, lint Bl ...d
East Indian Laud Credit
and Finance, lint.
East India Irriga. & Canal all 17 18
Ebbw Vale Steel, Iron, and
Coal, lim.
Egyptian 9 per cent. V'roy
Gua. by Egypt. Gov all 911 921 92
Egyptian Com. &Tmd. lim 6 41 4d
Electric & Inter. Telegraph 100 238 24
Do. New 8 10 12p
dt rat.
Foreign C opp
Crediter , 1
7251 5
A .
FEEE
uunnigggrl..bia&sanhi
rAdaduas Scot.
Engineering a r ,1 m . 85
.•lsl
Fore-streetWarehouse,lim. 12 pr 1p
For. & Col. Gov. Trust and
Loan Scrip, issued at £B5 all 831 841 871
Gallivant, lint. 2O
General Credit & Dis., lint. 71
General Steam Navigation 11 28 29
Home &Col Marine lu. lint 5 41 31d
Hong Kong and China Gas all
Hudson's
131
Hudson's Bay all i 3 13.
Imperial Land Co. of Mar-
seilles, lien.
Indo-European Tel., lim IU
Interns. Financial Soc. lint 5 11 1
Interna. Laud Credit, lint 6 6 4,1
Itai ia,n Land 5 14 la
Italian Irri. (Canal Cavour) all 34 4
Do. 6 p. c. Bds., redeem
1870, issued 90 all 63 (15
Land Securities, lim 5 31 213
London African Trading._ 10 7
Lon. & Caled. Marine, lim. 6 •••".
London County Laud and
Building, lim.
Loud. Provincial Tel. lim all 31 31
Do. Prefer. 10 per cent. all 1 IP
Lond. Financial Asso., lint 30 23 221
Lond.Gen.Omnibus.Co.lim. all 11 2
Lend. and Glaug. Engineer
and Iron Ship, lim 25 22 173
Lond. & Provincial Marine 2 13 pr
Madras Irriga. & Cani. Qua.
bp.c. by India Gov. lOO 104 105
Mauritius Land, Credit, and
Agency, .
Mediterra. Exten. Tel., all 4 41
Merchant Shipping, lint all 32 37
Millwall Iron Works, lint 12/ •••
Natal Land and Colonisa-
tion Co., lint.
National Discount Co .lint lint 5 11/ 125
National Prov. Marine, lint. 4 4 3d
National Steam Ship, lint, all 81 95
Nerbudda Coal& Iron, lint. 6 4 3d
New Consolidated Dis, litu. 3 14 13
ew Quebrada, lim. 4.4.0 41 34
New Zealand Loan & Mer
cantile Agency,lint.
New Zealand Trust and
Loan, 1im........,. . 5 11 11
Northern Assam. Tea, lam. 5 7 5
Do. B
North Brit. Austral.,
`"
lint_ 100 48 53,0,
North Brit. & Mercan. In 6/ 19
Ocean Marine (Insurance) 5 141 15/
Oriental Financial, lint ll •••(1
Oriental Gas, lint, all •71 71
Do. New ......... 1 IP
Otago and Southland In
vestment, ...
Ottoman Gas, lam all 11 21
Panama, New Zealand and
Australian R. Mail 'litre all 11 !I
Do do.
Peel It. Land & Minerl, lim 100 33 32
Peninsu. & Oriental Steam all 48 5
Do. New 1867 lO 21 11d
Reuter's Telegram......,._ all 60 65
Ehymney Iron
Do. New ....... all 51 6
Rio de Janeiro City 1ut...,.11;. all 17 18
Do. Gas, lint all 231 241
Royal Mail Steam 6O 45 45
Scottish Aust. Invest., lim lOO 75 85
Do. 6p. c. Guar. Pref lOO •••
Societe Fin. d'Egypte, lint lO 7 6d
Societe Gen.de l'Empire 01 8 3 41?
S. African Mort. & Inv., lint 6•South Australian Land all 351 361
Submarine Telegraph
Do. Scrip all 1 14
Telegraph Con. &Main.,lim all 161 17 18/
Thames and Mersey Marine
(Insurance), lira 2 21 21
Trinidad Petroleum, lint Bl •••
Trust & Agency of Aus.,lim 1 1p
Do do. do. all d
p
Trust & Loan Co., U. Canada 5
Union Marine L'pool, lint 5 4 41P
Union Steam Ship, lint all 22 21
United Discount Corp., lira 6 id p
U. Kingdom Tel. Co., lim all 51 6/
Do. 10 per cent. Pref all 34 31p
Universal Marine(ln.), lint 5 1 11 p
Upper Assam Tea, lira
Van Dieman's Land 2Bl 7
Viceroy of Egypt, 7 per
cent. (Mortgage) Loan all 77 78 771
Warrant Finance, lim. l2 12 105
West India and Pacific
Steam, lint. 2O 21 14
West London Wharves and
Warehouses

COLOVIAL GOVigIiNJUNNT SECUIUTIE6

British Columbia, 0 per

0ent.,1872.... - 100
Do. 1895 lOO .....
- Can.Gov.6 p.c.Jan.,& July
1877-84
Do. 6p. 0. Feb. &Aug.• •• 100 105 10
Do. sp. o. Mar. & Sept lOO 104 106
Do. sp. o. Jan. & July— 100 93 1/1 951 5
Do. sp. c. inscribed Bk lOO 90 92
Cape. G.llope, 6 p. 0.1873, lOO 102 101
Do.Apl.&Oct 1890-1900 lOO 111 113
Do. do 1880-90.• 100 107 109
Do. Jan.&July, 1891 •••• 100 108 lle
- Do. 5 per cent. 15 April
and 15 Oct., 1000 . 100 100 102
Ceylon, Nov 1878,6 P.c - 100 108 110
Do. 1872, d 0.... 100 105 107
Mauritius, 6p. 0, 1873,
Jan. and July. ........ 100 104 106
Do. 1878 .. • .. 100 106 108
Do. 1882, May and Nov... 100 106 log
Do. 1895, Feb. .>r Aug• •• • 100 106 108
Melbourne Corporate.,..
1'357-75, 6 per colt 100 _
N.13.(10v.6 p.c.Ja.&July •• 100 102 104 1081
Natal 6 p cr, Apl & 00t... 100 _
Do 6p c. M-y & LOO 106 108
-- N. S. W. 5 p.c., '7l to '7•
) 100 99 101
Do. 5 p.c. 1888 to 1800.. 100 99 103 09}
Do. 5 p.c. rd.'67 to '7/.. 100 99 101
N.Zealand, 6p. ct. i 891.• 100 --
-- Do. 6 percent.... ..... 100 971 986
Do Jan, A p-1, July, O. t... 100 976 986 931
Da 6p C. Mar & Sept '91..:00 108 110
-- Do Jupe & Dec ,1 91 •••• 100 109 1.1
Do Prov. Auctld. / 1 _
0
( btries 1$ 2, 1096
Nova Scotia 6p. o.Jaa...
and Jnly, 1875
Do 1 8..
(tiueeuelnd. 6p. c. 'B.-5
Do 189, . • •
-- Do. 6 p 0.1869 100 _
Do. do. A 2...... •• •. 100 103 110
Do rd. 1593.......... •••• 10.) 107 108
!•-• V1Oar1A8p.9•188.1“, •.• 100 lot) 107

SPIRIT OF THE PUBLIC JOCREALS.

The Times observes that the preliminary inquiry into the

charge of conspiracy brought against the directors of
Overend, Gurney, and Co. has terminated in the only way
which was possible after such disclosures as it has elicited.
It admits that it is quite possible the directors may have
believed their embarrassments to be but temporary, and
that shareholders could not lose by joining a business like
theirs, which could, they imagined, right itself whenever
its managers chose. Be it so. Yet nothing is clearer
than that men are not justified in deceiving others because
they think these others will not lose in the end. The acts
of the directors were, there can be little doubt, fraudulent
in equity ; and the line of distinction which separates
such conduct from fraud at law must be, if any there be,
very fine. The gravest article in the charge
is the suppression of the real character of the
£4,213,000 of bad, or at any rate very doubtful, del is
reserved a 3 such for the old firm itself to try to collect.

But grant that the intention of these gentien;en was u-t

malevolent—that they did not desire to inure any one in
the end. Nevertheless, this is nothing to the point if it
appears that they did desire to deceive others, conscious!y
betraying them into taking a risk which the directors knew
the public did Lot mean to accept, and had no right to sus-
pect was even being offered to its choice. Mr. Serjeant
Ballantine himself seems unable to dispute that this
was the truth, so far as the shareholders were concerned,
and that at any rate they were deceived. We arc reluc-
tantly forced to the conclusion that a prinuf facie case
abundantly sufficient to justify a committal for trial
has been established against the directors as a body, and
that they have not in the least disproved the charge of
having acted in a way from which the law cannot but
infer an intention to defraud. The proof of the absence of
moral sensibility is stronger as against some of them than
as against others. It is strongest against those who were
partners in the old firm, and there is a difference in degree
among the rest. nut all were directors alike, with equal
means of knowledge. The sooner the dangerous fallacy
is exploded that a person can accept the rank and emolu-
ments of a director, and evade by mere negligence respon-
sibility for breaches of trust committed by his brother
trustees, the better for the public interest.

• The Telegraph, in alluding to the important trial of the
directors, declares that on Wednesday a scene that is
happily unusual in City experience was enacted before the
chief magistrate at Guildhall. After an inquiry which
has been protracted over weeks, and amid boisterous and
ill-timed manifestations of satisfaction on the part of the
audience, the Lord Mayor committed for trial, on the
charge of conspiring to defraud, six gentlemen whose
names had been for years familiar to City people as house-
hold words, who had gone in and out among the walks of
business the reputed possessors of ample wealth and
unblemished renown, who had been the heads of prosperous
institutions, the supports of credit, the admired of every
shareholder, the trusted of every depositor, whose
word was never doubted, and •to whose opinion less
experienced men clung with confidence of safety amid
the stormy vicissitudes that beset our commerce.
The good name of our merchant princes has been a thing
of pride to every Englishman ; it was the common posses-
sion of us all. What, then, has become of that priceless
treasure, the heritage of a noble race—that pure integrity
which once shone as a diadem on the brows of the British
trader, so that even the desert Arab would swear " by the
word of an Englishman "—when individuals who were the
very impersonations of our good faith have their probity
called in question? Was the traditional belief nothing
but a pleasant dream, or has the " quality of justice " been
unexpectedly strained. We must have more daylight
thrown on these mysteries of finance ; and were it for no
other reason than the partial accomplishment of this end
the Lord Mayor's decision is to be welcomed.
The Daily News declares that the Lord Mayor has dis-
charged a painful duty by committing the directors of
Overend, Gurney, and Company (Limited) to take their
trial for conspiracy to defraud. Strong as the disposition
of the public has been to hope favourably of men who
had long been respected in high positions, the conviction
has grown within the last ten days that such a course
was inevitable. That the defendants may be able to offer
a good defence is earnestly to be hoped ; but that their
conduct should undergo the strictest investigation
before an august tribunal is most necessary, after the
revelations made at the Mansion House. Although
the proceedings before the Lord Mayor have
extended over many days, the general result may
be briefly stated. The defence of the accused amounts to
thig—that if they erred they were self-deceived ; that they
had no guilty intent ; that, however grossly they may
have blundered, they are not chargeable with a crime.
It is difficult to take a dispassionate survey of a case
involving so much suffering to those who placed reliance
on the correctness of a prospectus and the integrity of
long-trusted and honoured names. Yet all parties should
be animated with the desire that even-handed justice
should prevail, and the law be administered without
partiality or fear. The question still unanswered
is the legal guilt of the accused: Although com-
mitted for trial, they may yet succeed in proving
that in the eye of the law they are innocent. Nothing
is more difficult to determine than the length to which
reckless connnerclal men may go in the path which leads
to their own enrichment at the expense of the ignorant
and the confiding without committing a criminal offence,
It is for the advantage of the public that this legal boun-
dary line should be marked out with precision. When the
late directors of Overend, Gurney, and Company are
placed in the dock of the Central Criminal Court, the law
of England will likewise be put on its trial.
The Post, in dealing with the question of bribery,
declares that it is a mistake to think that everyone would
give an unbiassed vote if left alone, for too many are quite
indifferent to the principle of the thing. Look at the
witnesses and culprits brought with so much circumstance
before a judge in ermine. How can it be hoped that they
will not be influenced by beer, or a pound, or ten shillings,
or five shillings? They are not politicians, they are
consumers—eaters of beef and drinkers of beer ; while
even those who have political feelings possess them
only derivatively, ar,d identify them, not with the
policy of Mr. Gladstone or of Mr. Disraeli, but
with some colours of local establishment, attach-
ment to which they have inherited with the family
clock and kitchen dresser. Wherein are such
poor things good but to taste beer and drink it? And how
can any man with common sense expect that they will
form or act upon abstract political ideas ? Such petty
delinquencies as these beer-drinkings and half-crown
inducements to vote might surely be dealt with much
more efficiently at the moment of commission by a magis-
trate sitting in a police-office than by a judge of a high
court in wig and ermine. We treat these petty offences
with too much dignity and give them too much importance.
A month of bard labour would have far more effect in
repression than any deprivation of the power of voting,
whether by suspension or by absolute abrogation.
The Standard says that twice already within the last
twelve months has Lord Russell delivered himself upon
the Irish question ; and now there is a third letter upon
the same subject. It is highly characteristic of the
Whig Mentor that each of these performances differs
widely from every other, and that they are all of them
almost equally impracticable, if not equally foolish. In
the first letter Lord Russell gave many weighty reasons,
drawn from universal history and Whig policy, why the
Irish Church should not be altogether disestablished. He
was decidedly in favour of equalising the revenues of
the three religions. In his second epistle he withdrew
all these proposals, and declared that nothing short of a
total separation of the Church from the State would
satisfy the necessities of the occasion and the sentiment of
true Liberalism. And now there is a third set of proposi-
tions, differing materially from the other two, but equally
fortified by the inevitable references to universal history
and to Whig tradition. Of these present proposals it is
enough to say that they will not satisfy the hopes which
the Government have raised among the Irish people, and
that if they do satisfy the Irish people they will certainly
not content the British Parliament. In the first place,
we have Mr. Gladstone's express pledge, on the strength
of which he won his late majority at the elections, that
under no circumstances would he consent to any endow-
ment of the Roman Catholic Church. In the second place,
even if we can suppose Mr. Gladstone is able to get Yid
of this slight obstacle, and to discover some means of
satisfying his conscience that he has a right to do to-
morrow that which he positively pledged himself not to do
yesterday, there would still be a large section of the Liberal
party, including all the Scotch and the Dissenting mem-
bers, to be converted to this scheme of Papal endowment.
In the third place, which ought in itself to be a sufficient
objection, the Irish Roman Catholics have declared,
through their only legitimate voice, the priesthood, that
they wi 1 not accept any support from the State. In the
face of these three obstacles it seems a waste of time to
go into any further examination of a plan, one conspicuous
feature of which is, that the surplus of the Irish Fund,
after endowing the three Churches, is to go towards a I
national system of drainage.

THE NATIONAL INCOME-TAX ASSOCIATION. —At
Leamington, on Wednesday, James Martin and Edward
Crofton, two of the agents of the so-called National In
come-tax Association, were committed for trial on a
charge of obtaining several sums of money by false pre•
tenccs.

THE BALLOT SociETY.—At the weekly meeting
-.I the committee on Tuesday last, it was determined Oa'
circular then submitted be isqled to the loading friend,
i the Ballot throughout the United Kingdom, soliciting
lubwriptiont to n fund o at least £l,OOO for the
wiergetle prosputien et the Ballet nievelueolllth9Aer ,
entritil