The Sun.
London, England, 1856-05-20 00:00:00

JOHN SADLEIB'S ASSETS.

The Freeman of this morning has a statement to the
effect that the Crown, on the memorial of creditors to
the extent of 250,0001., has agreed to appoint Mr. An-
thony Norris, of Bedford-row, London, and one of the
creditors, to be administrator for collecting in the assets
of the late John Sadlair. Mr. Norris has consented to
act under the authority of the Crown, and will lose no
time in realising for the benefit of the unhappy creditors
large sums stated to have been invested by the suicide
in various securities both at home and abroad. This
step will perhaps afford a solution to the prevailing
mystery with respect to the disposal by the deceased of
the gigantic funds realised in the course of his successful
career of fraud.

DUBLIN, MONDAY EVENING.
TIPPERARY BANK. -IMPORTANT JUDGMENT.

Mr. Murphy gave judgment this day on the applica-
tions made by Mr. Wilson Kennedy and Mr. V. Scully',
Q.C., M.P., to be,removed from the list of persons
liable to the liquidation of the liabilities of this concern.
The Master stated at considerable length Mr. Wilson
Kennedy's position in respect to the bank, his director-
ship, for which he was entitled to a salary of 5001.
a.-year,
tandh thet importance and. reeponsibility of the
duties l tae e o that office, which he had held to the
'The scrip of the new loan was first quoted 15 premiutmhe, I
whence it advanced to 14. The applications, including
amount required by Messrs, Rothschild themselves, are stated , date of the transfer, and,. after recapitulating the law
to have amounted to 40,000,000., and the total paid on of equity at the bar, said that the case must be deter-
Friday as alO per cent. deposit was 3,700,0e0/. The proper- ' mined by the deed of copartnership. His clear opinion
tion allotted was us most cases about one-tenth of the amount was that what was done by Mr. Kennedy was not what
,
asked for, but some applications of an immoderate character he ought to have done, was not what he was justified in
were cut down much below even that proportion. I doing, and he should therefore stand upon the list as a
The value of the new Scrip, as compared with Consols, de. contributory. Mr. V. Scully was differently circum.
pends in some measure oe the rate of interest which may pre- stanced. He was placed on the list in the same posi-
vail between this period and the lxth September, when the •
tion as Mr. Kennedy, but with a much larger amount
last instalment will be payable. The market price of Consols
of lra 'WI I't -- namely, as a holder of 700 shares. Al-
being 944, and the Scrip being issued at 93, there is a direct 3'
difference of 1 i per cent., but, as the 100/ Scrip represents though h e (the Master) had said there were features
1071.105. 7d. Consols, the profit of 1} per cent, on 71.109. 7d. I which distinguished the two cases, yet really Mr.
must be added, as well as the interest saved by the interval Scully and Mr. Kennedy stood in the same posi-
allowed for paying up the full amount. This interest at the don. It appeared to him that Mr. Scully was held out
e,isting rate of 6 Fer cent. would be equal to 195., but under constructively to the public as a director of the bank,
the anticipation of au early improvement in the money- yet gating no court of directors to meet and doing
market, it will be more c :rrect to take it at 5 per cent., or everything to give validity to the transfer of his shares.
15s. 10d. This would show the Seri , when Consols are at He must have had knowledge of the informality eon-
-944 to be worth a premium of it. 2s 10d. —namely, 1/. Ss ,
the direct difference in price ; 2s. the percentage of that dif-
ference on 71. Us. 7d ; and lie. 10d, the saving of iu. knowledge which prompted him to sell ont. He (the
serest. Master) apprehended, then, that Mr. Scully's applica•
Id not be sustained in a court of justice. He

TIIE NEW LOAN..

tion con.
was the honest bona &le holder of the shares, and his
name must therefore remain on the list without qualifi-
cation. It is understood that this judgment will be ap-
pealed against to the Master a the Rolls.
CORK, MONDAY MORNING.
DREADFUL ACCIDENT AND LOBE OP LIFE.
A dreadful accident occurred on board the Nimrod
steamer, from Liverpool, which arrived this morning at
5 o'clock at the Quay, Cork. As she was swinging
round an explosion was heard on deck, and a dense
cloud of smoke was seen to issue from the engine-room,
where were found six men lying in various parts of the
room.
The bodies presented a fearful appearance when
brought on deck. One was found dead, and the others
in a dying condition. Two died immediately. Three
more were removed to the North Infirmary, where they
soon after expired. The accident was caused by the
bursting of the boiler.

A capital execution waa to have taken place a few
days since at Potsdam, but the town invoking, an
ancient privilege which interdicts executions from being
carried out in that town or neighbourhood, opposed it.
The condemned prisoner was in consequence transferred
to Berlin. The executioner in that capital, however,
refused to act, saying that his services were only at-
tached to the tribunal of Berlin. The execution was
consequently suspended.
A GREAT CENTRAL THOROUGHFARE FOR LONDON.—
This road should commence from the city in a direct
line westward ; it should open out from the statue of Sir
Robert Peel 100 feet wide, slick throngh Paternoster-
row. Leave the valuable shops in St. Paul's-churchyard
if you like—that is, if they are too costly to pay the
tribute to our great architect, Sir Christopher Wren, now
deferred 200 years. Cut on thence, with the same lati-
tude of design, straight to Gough-square, thence to
Carey-street (across Chancery-lane), thence diagonally,
through blocks of wretched and dingy buildings, bounded
by Vere-street, Wild-street, Stanhope-street, to Hart-
street, and thence across St. Martin's-lane between
New-street and Long acre, eo crossing St. Martin's-lane
and issuing into Leicester-square (north side), without
interfering with Cranbourne-new-street, except at the
point of junction. Thus the present business streets
would be spared, and the slums only opened out to
fresh air and daylight.--The Builder.
TEE ROYAL ACADEMY.—SIB CHATLES EASTLAKE
AGAIN —Mr. Kaulbach complains that his picture of the
Duke of Cambridge has been excluded from the exhibi-
tion ; but not because of the number of portraits this
year, for they are comparatively few ; nor because of
the badness of the picture, for the high officers of the
Academy admit its merits, and in writing confess their
regrets at not hanging it. Want of a "fitting place" is
the alleged reason. Nor is it the only picture excluded.
Another excellent portrait has been kept out ; not
because the artist, Mr. Augustus Heroien, is regarded
with hostility, by the Academy, for he has been an
exhibitor constantly admitted, and he, we fancy, is not
in question ; not because the picture is bad, for it is
reported to be one of the best by the same hand, and an
admirable likeness. Why, then I Is it because the
original is the.t "WILLIAM CONINGHAM," whose sig-
nature has appeared at the foot of severe criticisms or,
the admission and exclusion of otter pictures in another
gallery—the National ? Was it, thcaght improper to
admit "CoeireiGuam," even in piCtia., as a guest under
the roof of gastlake ?Spectator.

The Armide, frigate, left Brest on the 15th, with
convicts on board, for the penitentiary colony of
Cayenne.
The little town of Aix-les-Bains, Savoy (says the
Courrier de Lyon), has lost by its own fault the disgrace.
ful establishments which made its fortune—the public
gaming.heuses, From time immemorial it was quite the
fashion in the 'municipal assemblies of the place to de-
claim against the play which was permitted in the town.
In that way the profits of the crime were enjoyed as well
as the honours due to virtuous indignation ; for the Go-
vernment havin he'wy turned a deaf ear to all these
manifestations, good people of Aix firmly believed •
that the gaming.houses were a necessary evil. But this
year Count de Cavour suddenly took at their word the
complaints of the troubled consciences of the town ; and
now, behold, all the dealers and hotel keepers, who grew
rioh on the visitors who eaoh year flocked there, are in
despair.
A. few days since the wife of a small farmer, named
Letailleur, residing
in the village of Montplaisir (Tarn),
died in consequence of having caught the glanders from
a mule having that disease. She had been endeavouring
to cure the animal by blowing snuff up its nostrils, and
it is supposed that he must have herself taken a pinch
of snuff without having washed her hands clean after
attending to the diseased animal, and thus caught the
iefection.
The authorities, oh hearing of the fact,
ordered the mule to be killed.