The Sun.
London, England, 1869-01-05 00:00:00

STEEPLECIIA

FEBR

Birmingham PR, 9
Lincoln l6, 17

MA

Liverpool r 3
Kugby (Grand Mil.) 8, 9
Kingsbury 12, 13

Aldershot
1, 2
Bromley 1, 2

St. Albans .. 111
JU

Kingsbury - -

WATERLOO M

ilicar.)
. the Earl of Sefton.
,600 in specie, by subscription
winner to receive .£5OO, and

(Over
Patron-Right Hon
The Waterloo Cup, value £l,
of .£25 each ; 61 subs; the
the second £2OO.
1. Mr C. F. Allison 83. Mr J. Ingleby
2. Mr J. F. Armistead 34. Mr R. Jardine
L 3. Mr J. Bake 35. Mr F. Johnston
4. Mr W. J. Barden 36. Mr J. Johnston
5. Mr F. Bartholomew 37. Mr H. B. Jones
6. Lord Binning 38. Mr W. J. Legh
7. Mr J. Blackstock 39. Mr S. C. Lister
8. Mr J. S. Bland 40. Mr J. Lonsdale
9. Mr G. Blanshard 41. Lord Lurgan
10. Mr W. G. Borron 42. Ur S. Mallabey
11. Mr T. Brocklebank 43. Mr 0. E. Marfieet
12. Mr J. Brundrit 44. Mr W. H. Massey
13. Mr R. B. Carruthers 45. Sir C. Molyneux
14. Mr C. J. Chessbyre 46. Lion. C. C. Holm=
15. Mr W. H. Clark 47. Mr T. Neville
16. Mr E. Croft 48. Mr R. Paterson
17. Mr J. Cunningham 49. Mr T. L. Reed
18. Mr W. D. Deighton 50. Dr Richardson
19. Mr James Dunlop 51. Mr J. Savage
20. Mr J. Evans 52. Mr N. Saxton
21. Lord Garlies 53. Lord Sefton
22. Mr J. Gibson 54. Mr T. Smith
23. Mr W. M. Gilmour 55. Mr J. Spinks
24. Col. Goodlako 56. Lord Stair
25. Mr A. Graham 57. Mr E. W. Stocker
26. Mr T. Green 58. Mr S. Swinburne
27. Mr C. A. Halley 59. Mr G. A. Thompson
28. Capt. Hathorn 60. Mr R. Todd
29. Mr J. Haywood 61. Mr B. W. Trinder
30. Mr J. Hodson 62. Mr R. C. Vyner
81. Mr J. Hole 63. Mr R. H. Williams
32. Mr J. Hyslop 64. Capt. Wyndham
The Waterloo Purse, value £260, in specie, taken from the
Cup Stake, for the 32 beaten dogs in the first round for
the Cup; the winner to receive .£lOO.
The Waterlos Plate, value £lOO in specie, taken from the
Cup Stakes, for the 16 beaten dogs in the first ties for
the Waterloo Cup.
The Great Waterloo Cup, GI subscribers, at .£25 each-
the money £1,600-to be divided as under :-
1. Winner to receive
1. Second ditto .
2. Dogs to receive £5O each.,.
4. Ditto ditto 80 ditto...
8. Ditto ditto 20 ditto...
16. Ditto ditto 10 ditto...

... £5OO
... 200
... 100
... 120
... 160
... 160

1,240
Th© Waterloo Purse and Waterloo Plate 360

£1,600
The Waterloo Purse, for the 32 dogs beaten in the first
course for the Waterloo Cup, amounting to £260, to be
divided as under:-
1. Winner to receive ... ...
1. Second ditto
2. Dogs to receive £l5 each...
4. Ditto ditto 10 ditto...
8. Ditto ditto 5 ditto...

... £lOO

... 80
... 40
... 40

iv
£260
The Waterloo Plate for the 16 dogs beaten in tho second
ties for the Cup, amounting to .£lOO, to be divided as
under: --

1. Winner o receive ...
1 coed ditto •.• ,
2. Dogs to receive £7 lOs each
4. Ditto ditto 5 ditto ...

... £4O

... 25

£lOO

THE SIR ItIC,JIARD MAYNE MONUMENT.—With
the exception of the various superintendents of police,
the police force
the one as a body highly disapprove of the means
resorted to ,to raise subscriptions for tho above object,
loudly coi:opi' wining of a circular couched in such terms as
err anating from the various superintendents, and
sa
nal nod by the Scotland-yard authorities, the giving of
not 'seas V Jan Is. or not more thau a day's pay being, they
eider, almost compulsory, whereas many would have
WAllingl' y given more.

£PIBIT 0

JOURNALS,

The Times sums up at length the case against the
directors of the great firm to whose sudden collapse we owe
the disasters of Black Friday, and observes that the mode
in which a body of shareholders was induced to accept and
even pay a heavy price for liabilities like those of this firm
was most discreditable to the character of those of the
directors in the company who had been partners in the
firm, and to the judgment and discretion, at any rate, o!
the rest. It is possible they believed the assets, including
the private fortunes of the members of the firm, would
balance the liabilities ; but they must have known that
they were not giving the shareholders as large a benefit at
had been bargained for. Their failure to make a full dis
closure of their balance-sheet proves that they mistrusted
their power to induce the public to share their confidence.
But even had their hopes of a restoration of the origins'
prosperity been justified, the public was not the less de
frauded by a concealment which prevented it from parti
cipating in this future prosperity-on as easy terms as CIS(
it might. The shareholders fancied they were conceding
certain advantages to a partnership which in dissolving
itself gave up much greater pecuniary advantages. But
the fact was that, as now appears, in consequence
of losses then known to the partners and the
directors, but not disclosed by them to the public.
the firm without the company must then, at
it ultimately did, have simply collapsed and carried
down with it -the entire fortunes of its members. Tc
attempt to win such advantages at the cost of a pecuniary
risk to strangers without first obtaining their consent to
the hazard is what in equity is called a fraud. But the
criminal charge will hardly succeed unless it can be eats
blished that the directors themselves knew they were
inveigling the shareholders into an undertaking whicl
was then insolvent. The absence of adequate motive is
those of the directors who were not members of the. old
firm, but between whom and the latter no distinction b
made, for imperilling their credit in an enterprise so despe
rate on the face of it as the prosecutor represents it, is s
grave objection to this point of view. Whether and hoe
it can be got over remains to be seen.
The Post directs its attention to the pernicious systere
of the money-lenders, whereby they seduce young and
inexperienced persons into the meshes of usury and debt
The notice from the Treasury serves as an opportune
warning to one class of persons of the sad consequences
of such practices. The employes of the civil service are
told to take heed to their ways under the contingen+
penalties of losing promotion, rise of salary, and even their
situations. The clerks whom it is most worth the while of the
usurers to attack are those who are well connected, and whe
do in effect live with and upon their relations, the salary
of a hundred and odd pounds or so, more or less, being
regarded as mere pocket-money, and this the usurer soon
takes care to absorb in the shape of interest on his.
"accommodation." Still, on the other hand, there are
poor clerks whose necessities —among which that of keeping
up appearances is not the least—cause them to fall victims
to the meek, smooth-tongued, plausible money-lender—not
from mere extravagance in the sense of betting and dis•
aipation generally, but because circumstances compel.
or at least are conventionally supposed to compel, them tc
live in a style which is really beyond their means. The
grand principle to be observed in all cases is that whirl:
holds good equally of nations and of individuals—namely.
to make one's expenses conform to one's income, and
upon this excellent text the new minute, as we have
remarked, preaches a most edifying sermon, the minator3
clauses of which are by no means the least important
part of it.

The Herald, in referring to the threatened attack of the
new Administration upon the members of the Civil
Service, observes that it will not do much towards reducing
the total expenditure of the country, and a single blunder
in building a new frigate on a wrong plan, or in the die
tribution of colonial garrisons, may cost more at one blow
than can be saved by all the pruning possible in the salaries
of Admiralty clerks or the civil staff of the War Office
At the same time there is no doubt some money
may be saved without in any way detract
ing from the efficiency of the Civil Service.
A great deal of the circumlocution complained of is due
no doubt, to the fact that public departments may be
called upon at any time to give a more minute account 0.
their transactions than private firms. There may be
needless complications in the systems of some departments
No one has a direct pecuniary interest in their simplifica
tion, and their natural tendency is to grow more and more
complex. But if the departments were more independent
they might also be more extravagant in matters of greate,
importance than the salaries of their clerks. The Heralc
suggests that the inferior departments of the service
should be reserved for the employment of very young men
on the understanding that they should only hold them fot
three or four years. Such employs would onli
require small salaries, while the three or foul
years' maintenance would give them a start it
life. In the higher departments probably some conspi•
cuous salaries could be saved altogether, here and there
The abolition of boards, indeed, and the substitution o•
single chiefs of departments, would be a method of saving
salaries not by any means unattended with clanger. The
members of a board are mutually a check upon one
another, and a single chief might often be under a strong
personal temptation to make the expenditure of public
money subservient to his own interest or that of his friends,
Where an appointment is abolished, and the Government
magnanimously foregoes a bit of patronage, the sacrifice
is of course lightened by the thought that it is very con•
spicuously made, but such sacrifices may be made too otter
for the good of the country. It is a curious fact, but ow
which can hardly escape the attention of any one win
devotes a little study to the subject, that the lowest
salaries in the service, and not the highest, are too high.

The Daily News considers the question of the army,
and remarks that as yet nothing is settled. What changes
are to take place next spring are not determined upon
but a good deal of doubt is felt in many quarters as to the
intentions of the new Minister of War. There are excellere
reasons for believing that Mr. Cardwell will not introduce
changes which will seriously affect the prospects of the
officers, or materially impair the efficiency of the army
It is very desirable that the enormous half-pay establish-
ment should be put down, and the most simple and effice
cious way to accomplish this would be by letting half-pa 3
officers be appointed alone to the militia anc
reserve ; but this cannot be done until the militia
patronage is taken out of the hands of lord
lieutenants, and the appointment of its officers given tc
the charge of the regular military authorities. This change
appears to be the key to an organic improvement in out
military system. Mr. Gladstone and Mr. Cardwell
supported by the intelligence and opinion-of the country,
are strong enough to disregard the opposition of some
influential landowners, if political and salutary reason,
alone influence their courses. The lord-lieutenants will,
doubtless, resist to the utmost of their power, and will
bring all their social influence to bear upon the point. Here
is the danger. The issue must prove whether the present
Government consists of real reformers, or only carpet
knights, easily amenable to the intrigues and impressions
of the drawing-room.
The Star believes that the Poor-law Board has resolve/
upon a great measure of reform, in order to make uniform
the whole treatment of casuals in England. The object
will be to found a system which will supply all the casual',
wants, without ministering to his fancies, and the life of
the inmate in the wards is to be made as unpleasant as h
consistent with a due regard to his health. At the same
time we must not conceal from ourselves that but half the
work of the Poor-law Board will have been done whet
workhouses and casual wards have been made a terror, of
rather an aversion, to the idle. There will still be, or
the other hand, the man in distress, who may fairly
claim that they shall be made as comfortable fen
him as circumstances will allow, or, at all events,
that they shall not be made so unpleasant as
to render the shelter they afford a penal infliction.
Such harshness would defeat its own purpose, for, beside:
the unmerited suffering it would inflict on the unavoidably
destitute, it would once more encourage in the vagrant
mind the play of hope and fear, as it would be impossible
to maintain a uniformity of surliness throughout all the
workhouse lodges of the kingdom, and the happy
valley would again be dreamed of as a place when
nature sometimes made the official smile in spite of
the "rules of the- service." What we so much want in
this matter of pauperism and vagrancy is, to get rid of
that sad alternation of fits hot and fits cold, from which
our emotions have hitherto suffered—to-clay a charity
sermon and half-a-crown in the plate ; to-morrow a prose•
cution under the Begging Act—and we welcome the new
proposal of the board as a sign that we are getting into a
state favourable to a healthier activity.
The Telegraph considers that, on the whole, the retro-
spect of the last twenty years is cheering. In the country
great efforts have been made to improve the dwellings of
the poor. In•towns; the progress of sanitary science, and
the construction of sanitary works, have certainly
diminished disease and dirt, and counteracted,
to some extent, the evils of overcrowding-. We know
that education, bohks, and newspapers are now widely
spread,. and that good fruit twist come out (1 teaching the poor to read and think. We know that churches and
clergymen have multiplied ; and, i.e.noriitg for the moment
all higher thoughts, we are aware that a Christian gentle.
man. resident in any parish or district, nmst do some good.
Our prisons, if not perfect as places of punishment, are,-at
all events, no longer, as once they were,
unwholes.me
dens in which penalties never adjtolged—namely, pesti•
lence and death—awaited the hapless prisoners. Of our
trade and finance, as they were carried on three or four
years ago, we will say nothing good ; but there are
signs that a new spirit has arisen to rebuke raguery,
punish fraud, and place enterprise on a solid basis. Our
colonies are no longer overgrown boys fighting with
the mother country; they are a "Greater Britain"
of free acid all but independent States, nearly
self - protected, and universally loyal to the Queen.
It is certainly no mere estimate of an enthusiast to say
that in the twenty years from 184 S to 186 S the world has
witnessed the achievement of good deeds greater in
character, number, and apparently in lasting result, than
were accomplished in any ether twenty of the past hue.
dyed years.