The Sun.
London, England, 1860-06-07 00:00:00

THE SUN, LONDON, THURSDAY EVENING, JUNE 7, 1860.

VEW FLORAL IiA7LL, -00.--,,42
_;_.l EXHIBITION OF FLOWERS. -. ~
- June 13 and Ix, "
'ln WEDNESDAY and THLTRSDAI, .
4 ENbibltiOil, Cf. FLOWERS will take place in the
----NT G kI'DEI,ar.
'Iti.A.L HALL, CO v .r..... ---,'lvN. GARDEN.
iIDMISSION HALF-A- 4,.. Evening.
'he Morning until 7 in Ole -
From 10 in ,- -*VATE VIEW. - "clan illumi-
PR' ,Ted and the Floral - -.above
The Exhibition will be arm.; to the two public da) • '-e-
-acted on the evening previously
J T, une ,
12. That even,
~=,
viz., on Tuesday
will be set apart for the excleuvseivnei-4"din
present, as well as to
fission to the Flower
Show of the Subscribers to the Opera _.,a1l of
whom
will
the visitors to the Boxes, Pit Stalls, or Pit
be presented with a card of entree.
............

Gran._
NEW FL,

TIIE PULLINGER FRAUDS.

Subjoined is the report, issued yesterday by
the Committee of the Stock Exchange, on the re-
sults of their inquiry into the speculations of Pul-
linger. it does not enter into the details of each of
1 the five cases of suspension, any such publication
-;nte wholly unnecessary, 'since the Stock Ex-
I constift 1,, n- L-• nn d not a
change Cob— -1— P 'n"t --
legal court, and it is enong:i for the public to
assume that the evidence on which they have acted
was such as to justify the resolutions now pro-
mulgated. If any of the parties see fit to question
the propriety of their sentence they will have op-
portunity to do so, and it will then be for the com-
mittee to enter into whatever particulars may be
necessary to satisfy the public of the grounds on
which they have acted. From Mr. Bradock, upon
whom the sentence is limited to three months, a
letter was inserted on the 25th ult., and in the case
of Messrs. Scrimgeour it may be mentioned that,
although the facts are, said to exhibit an extraordi-
nary degree of indiscretion, such as could not by any
possibility be overlooked by the committee, it has
been shown that they had no intention of encouraging
any systematic course of speculation for their own
gain as brokers. Their fault mainly consisted
in listening to Pullinger's representations with
regard to one comparatively small transaction,
and in privately assisting him for three er
four years to defer closing it, when a word to
the manager or directors of the bank during that
period might, perhaps, have arrested him in the
midst of his delinquencies. The sterling respecta-
bility of the firm has been maintained for more than
a quarter of a century, and their friends still feel
convinced that they would never deliberately act
upon wrong principes. With regard to the general
featufes of the present document, it will be observed
that the committee state that out of the total de-
falcation of £263,125 only £53,285 can be traced
to have been lost by operations on the Stock Ex-
change. Another sum of £57,000, however, was
paid to a man named Nathan, an outside speculator.
Reckoning this, there remains £152,840 to be ac-
counted for, a great part of which, probably, went
upon the " turf," and will be difficult to trace, since
the amount embezzled included £83,100 in gold.
A final point in the report is of serious character
and calls for special explanation. The committee
state, that while the directors of the Union Bank
furnished them with the names of Johnston, Shel-
don, Uzielli, and Bradock, they withheld that of
Scrimgeour. To this charge the reply of the direc-
tors is understood to be that they supplied the com-
mittee with all the evidence they had obtained either
from Pullinger's papers or any other source within
their reach; that the knowledge of the transaction en-
tered into by Messrs. Scrimgeour came solely in the
shape of voluntary information from that firm ; and
that the feeling was that it would be unjust to com-
promise them upon a spontaneous admission of
facts, which apparently but for this frankness no
one would ever have known—an additional reason
also being that in the view of the directors the
affair was not one that could unequivocally be re-
garded as a violation of the Stock-Exchange rules.
Of course, the question as to the defects of manage-
ment, by which the career of Pullinger was ren-
dered practicable, remains still to be discussed.
That is an affair for the shareholders of the bank at
the meeting next month; when the Board will have
to make such apology or defence as may be in their
power. Many considerations here suggest them-
selves, but it would be undesirable to volunteer a
judgment until the whole case shall have been sub-
mitted in open assembly :

TliE .N.ei YY.

Her Majesty's ship Vivid, on special service at
Dover under the orders of the Lords of the Admi-
ralty, yesterday returned to 'Woolwich.
The Duncan, 101, screw, fitting at Portsmouth,
has shipped her Gritfithe's propeller, and will test
her machinery, in compliance with the established
regulations, in the steam basin to.day.
The I)ee paddle steamer, Master Corniaander Pul-
len, arrived, at Portsmouth yesterday with boilers
for the Perseverance.

The Princess Royal, 91, screw', has been berthed
alongside the sheer jetty in Portsmouth yard for
the purpose of being masted.
The Prince Regent, 90, undergoing conversion
from a sailing liner to screw, in No. 3 Dock at Ports-
mouth, has been discovered to be very defective in
her bows from the effects of dry rot, and a number
of her timbers, with the greater proportion of her
bow planking, is consequently being removed.
The screw steam transport Lord Panmure, 11. T.
More Master-Commander, returned to Woolwich
yesterday, having discharged a quantity of stores at
the Tower, from the stranded ship Havering, at
Devonport. She has brought 200 tons of guns for
Woolwich, which have been replaced by the Arm-
strong along the coast.

The examination of candidates for admission to
the Royal Military College, Sandhurst, by the
Council of Military Education, commenced yester-
dry at the Royal Hospital, Chelsea, Major-General
Rumley, vice-president, presiding. There were
close upon 40 candidates.

The following appointments were made yesterday
at the Admiralty:—Capt. the Hon. F. Egerto❑ to
the St. George ; Lieut. W. H. Childers, to the Fire-
brand; I. D. Crouin, surgeon, to the Bulldog ; G.
H. Mini, assist.-paymaster, to the Leopard ; Wm.
Adams, clerk, to the Orion ; G. A. Michell, assist.-
clerk, to the Fisgard ; A. B. Templeton, promoted
to the rank of second-class assist.-engineer, in the
Watchful ; W. H. Bambury, promoted to the rank
of second-class assist.-engineer, in the Princess Char-
lotte, as supernumerary for service in the Naval yard
at Hong Kong ; W. H. Steil, 2d class assist.-engi-
neer, to the Bulldog ; W. C. Moreton, 3d class as-
sist.-engineer, to the Hecate; J. Clark, 3d class
assist.-engineer, to the Bulldog ; J. Galbraith, act-
ing 3d class assist.-engineer, to the Majestic, for
service in the Seamew ; S. Turner, acting 3d class
assist.-engineer, to the Ariadne ; T. Pringle, acting
3d class assist.-engineer, to the Flying Fish, as
supernumerary; and Edwin C. Legh, acting 3d
class assist.-engineer, to the Bulldog.