The Sun.
London, England, 1867-01-25 00:00:00

'THE SUN, LONDON, FRIDAY EVENING, JANUARY 25, 1867.

of hay ing completed their terms of apprenticeship
and b sing otherwise capable.
Thi -3 Commander-in-Chief has approved the
uncle) 'mentioned arrangements :—Lieut. Richardson,
of the 35th Regt., to join the depot ; Lieut. Stewart,
of th e 56th Regt., to take charge of the draught of
the 84th Regt. to Malta, instead of Lieut. Croc-
kett, 84th Regt., with whom he is effecting an ex-
change ; Lieut. Percy to be posted to the 2d
battalion on his recent promotion. In accordance
with instructions received from the Horse Guards,
two officers, four sergeants, four corporals, and
eight privates of the 4th and Bth depot battalions
are held in readiness to proceed from the camp at
Colchester to the Hythe School of Musketry by the
9th proximo. A detachment of the 84th Regt.
(one officer, one sergeant, and 39 rank and file) is
to ;proceed to Portsmouth on the 26th inst. for cm-
-
bavkation for Malta and Jamaica.

Railway and other Companies.

CAPE TOWN.

The traffic returns on this company's line, 63
miles in length, for the month of November last,
showed that £2,059 had been received for the con-
veyance of 26,433 passengers, and £1,155 for the
carriage of 2,366 tons of goods, making the total
receipts for the month £3,214, being at the rate of
£ll 18s.:per mile per week.

Chemists and Druggists.

A meeting of chemists and druggists, convened
by the executive committee of the United Society of
Chemists and Druggists, was held yesterday after-
noon at the London Coffee-house, Ludgate-hill, to
consider certain suggestions made by the Pharma-
ceutical Society for the incorporation of the trade.
The chair was taken by Mr. H. MATTHEW S, F.C.S.,
the president of the United Society, and there were
about 70 gentlemen present. The suggestions
which came under consideration were seven in num-
ber, and were intended to form the bases of a mea-
sure to be introduced into Parliament during the
ensuing session. The majority of them—including
a provision, that after the passing of the act all
persons assuming the name or title of "chemist and
druggists" should, with certain reservations to save
vested interests, undergo an examination—were
agrees to without objection, or with but slight
modifications. The only suggestion which excited
any hostility was the 4th, viz., " That all persons
registered as chemists and druggists should be
eligible for election to membership of the Pharma-
ceutical Society, under the bye-laws thereof ; Lut
they should not by virtue of that membership be
entitled to registration as pharmaceutical chemists,'
that title being strictly kept for those only who pass
the major examination. They should have the
right of nominating and voting 'for members
of council, but the council should consist only
of members who are pharmaceutical chemists."
Upon this Mr. Pass moved, and Mr. Warden
seconded, a resolution declaring that " this
meeting concurs in the desirability of limiting
the title of Pharmaceutical Chemists to those who
may pass their major examination ; but it is de-
cidedly opposed to registered chemists and drug-
gists being subjected to election by the Pharma-
ceutical Council as a condition for the election of
the members of that council ; and it is equally and
decidedly opposed to the council of so large a body
as the chemists and druggists will be under an act
of general incorporation, being limited to those
who are now, or may be hereafter pharmaceutical
chemists." This resolution was supported by Messrs.
Huddlestone and liornby, who attended the meet-
ing as a deputation from the chemists and druggists
of Sheffield, Mr. Heppel and Mr. Wade. All these
gentlemen contended that the existing incorporated
chemists and druggists bad a right to be placed
upon a level with the unexamined members of the
Pharmaceutical Society, and were entitled to be
eligible as members of the council to which it was
proposed that the government of the trade should
be committed.

The resolution was unanimously agreed to, as
was also another proposed by Messrs. Betty and
Anderson :—" That as among the interests influ-
encing the entire trade of chemists and druggists,
two elements, the educational and commercial, are
inseparably connected ; and as it is of vital import-
ance in "maturing any form of government for the
whole trade that these two interests should, so far
as practicable, be blended, this meeting cherishes
the hope that from the resolutions it has adopted the
advantage of a mutual understanding and combined
action may be brought into operation, and autho-
rises a deputation of the trade to wait in this spirit
upon the Pharmaceutical Council." So far nothing
had occurred to disturb the harmony of the pro-
ceedings ; but when the question was raised as
to the composition of the deputation, an element
of discord was introduced, and there occurred a
rather violent and disorderly scene. Several different
propositions were made and were fiercely and some-
what irregularly discussed. On the one side there
seemed to be a warm desire to exclude from the de-
putation certain members of the executive commit-
tee of the. United Society who are not chemists ;
while on the part of these members, and some at
least of their colleagues, there was an equally firm
determination to resist any proposal which would
prevent their taking part in the negotiations with
the Pharmaceutical Society. In the course of the
discussion a good many pretty sharp personalities
were exchanged, and at one time the debate dege-
nerated into something very nearly approaching a
mere personal and vulgar wrangle. Ultimately,
however, a resolution was (after a division),
adopted, appointing as a deputation the executive
committee of the United Society of Chemists and
Druggists, and any other members of the trade who
might choose to act with them ; and the proceed=
ings, which had lasted about three hours, concluded
with a vote of thanks to the chairman.

Consolidated Bank.

---~----

mweeasthinegld oyf
esshareholdersat
ei
Lot hn e-
T he h
Consolidatedhalf-y eßaarinyk
don Tavern, Bishopsgate-street, under the
presidency
of Mr. J. A. Turner.
The notice calling the meeting having been read,
The report, which we have already published, was
taken as read. In moving its adoption,
The CHAIRMAN said he regretted that the duty
devolved upon him of presiding over the meeting
that day, in the absence of Mr. J. P. Heywood. It
was the shareholders' loss, and for himself be would
detain the meeting as short a period as possible.
He was very glad to say that he met the shareholders
under much happier circumstances than he bad had
occasion to meet them a short time since, both in
London and Manchester. (Cheers.) When last he
met the proprietary in that room he had to ask their
assent to a proposition which the directors hoped at
the time would, if carried Out, be the means of re-
suscitating the Consolidated Bank. To that pro-
posal the proprietors were pleased to give a unani-
mous consent, and he believed they had now some
reason to congratulate themselves upon having done
so. They were at the time in considerable difficulty,
and their feelings were none of the pleasantest.
(Hear, hear.) They now met again, and the pro-
posals the board then made had been practically
tested in the meantime, and the result was-a com-
plete success. (Cheers.) The depositors and holders
of credit balances behaved very liberally to them,
for which he bad to tender his thanks. At this
period of time it might not be amiss to revert
to the particulars of the proposal he sub-
mitted to the shareholders. It was that 50,000
new shares should be created of £lO each,
adding £200,000 to the capital of the bank. The
directors offered to take one half of those shares
amongst themselves, to show their confidence in the
bank. But the shareholders generally applied so
freely for them that it was not necessary for the
directors to do so. The shares were allotted, and
calls to the extent of £2 had been made on them,
which had been paid regularly. The next proposal
was that they should pay their depositors in full, in
four equal instalments of ss. each, with 5 per cent.
interest for waiting. Some objection was made at
the meeting in Manchester by the depositors that so
small a sum as 5 per cent. should be added to their
balances. But he ventured to point out to them
that, though the Bank rate was 10 per cent., yet he
believed that if they were paid 5 per cent. for the
whole time up to June, 1867, they would have no
reason to complain. (Cheers.) Well, they opened
the bank and paid the first 53. in the pound, and
long before the October instalment fell due they
announced their willingness to pay the instalment
at the Bank rate of the day. Some considerable
number of depositors availed themselves of the an-
nouncement, and had their money ; and they had
lately announced that they were ready to pay the
instalment which would fall clue in June at the
Bank rate of the day ; so that he considered they
had paid their debts—for it was every man's
own fault if he did not come and demand his
•money the next day when he was told it was
ready for him. (Cheers.) He had occasion to
allreFs the last half-yearly meeting in Manches-
ter, when he told them that the capital was intact,
and that though they had suffered sour draw-
back in re-establishing the bank, it was still
SO. The reserve fund was intact, and they pro-
posed.to lay aside any margin of profits of the past
six months to meet any of the extraneous expenses
attendant upon resuscitating the bank. He also
told them that the directors would take no salary
until the debts were paid, and he induced the meet-
ing to pass a resolution that the shareholders should
receive no dividend until they had paid all their
creditors the principal and 5 per cent. interest.
Another six months had gone over ; they had a net
profit of 432;116 for the half-year. The directors

would not take any remuneration for their services,
and though they did not recommend a dividend, yet
they thought the shareholders entitled to interest for
their money. The bank was now fairly resuscitated ;
they were only getting back many accounts which
necessarily left them during their suspension, but
they were getting new accounts from the public.
They were now fairly afloat ; they proposed to pay
the shareholders interest at the rate of 5 per cent.,
and he thought the board were entitled to some
credit for the manner in which they had pulled into
smooth waters.

Mr. FREDERICK lIANKET briefly seconded the
motion, which was put and carried without discus-
sion.

The retiring directors, Messrs. John Peirse
Kennard, James Alexander Bannerman, Frederick
Alers liankey, and William Smith, were unani-
mously re-elected, as were also the auditors, and
the proceedings closed with a vote of thanks to the
chairman and board, which was carried amid much

cheering.

The Metropolitan Sewage Question.

Sir Stafford Northcote, President of the Board of Trade,
received a deputation yesterday on the subject of the dis-
posal of the sewage of the metropolis. The deputation,
which was introduced by Mr. Culling Hanbury, M.P., was
composed of the following gentlemen :—Mr. East, Mayor
of Kingston-on-Thames; Mr. Councillor Priest and Mr.
Wilkinson, town clerk, also of Kingston-on-Thames; Mr.
Walpole, chairman, and Mr. Bidgood, a member of the Sur-
biton Commissioners ; Mr. Besse'', clerk to the Hampton
Wick local board ; Mr. Bedwell, chairman, and Mr. Straw-
bridge, a member of the East Moulsey local board; Mr.
Sidney Smith, chairman, and Mr. Alfred Giles, a member of
the Wimbledon local board ; Messrs. Merryweather and
Phillipps, members of the New Maldon local board ; Mr. R.
J. Bates, of Long Ditton ; and Mr. Clayton, Hook Parish.
Mr. WALPOLE explained the object of the deputation,
which was the formation of a suburban board to dispose of
the sewage between Staines and the drainage system of
the Metropolitan Board, their represnntations being the re-
sult of a conference recently held. The deputation be-
lieved the Metropolitan Board had done their work well,
and they viewed with apprehension that the bill of the
Conservancy Board was creating powers antagonistic to
those of the district, who, if they took up the subject and
did their best to dispose of the sewage, thought they might
reasonably ask to be relieved from the danger of the Con-
servancy Board being able to attack them.
Sir STAFFORD NORTHCOTE said the object brought before
him was well deserving of serious consideration. He would
point out that the bill which had been referred to was not
introduced by the Government, but by the Thames Con-
servancy, in pursuance of the directions contained in the
act of Parliament of last session. He had looked at the
bill, and clearly it appeared to be limited to giving effect
to the intentions of Parliament as expressed last session.
The act of last session was evidently a Government mea-
sure. It uas taken charge of by the late Government, and
the present Government came into office just as the bill
reached its last stage. They did not then know the whole
of the merits of the case. The Government had since
asked whether they would this year bring in a bill to com-
plete the arrangement, but they stated it was not a matter
which properly belonged to the Government, and the board
had better proceed itself. At the same time the Govern-
ment would feel it their duty to watch the proceedings of
the bill, and take notice of any suggestions offered for their
notice. The deputation would see it was essential to the
whole scheme that some arrangement should bo made for
purifying this portion of the river, otherwise the Whole
. _ _

that had been done was worth nothing, and there would
be a breach of faith with the water companies, who under-
took a considerable portion of the expense of preserving

the navigation on the understanding that they were to
have water fit for drinking. It was essential, some way or
other, that this portion of the river should be purified.
As to the steps for purifying it, that was another ques-
tion. Upon so large a question he should not like to
pronounce an opinion offhand, and it would be necessary
for him to communicate with the Home Secretary and
with the Duke of Buckingham, the Privy Council having
taken up the question of the health of towns.
A MEMBER of the DEPUTATION remarked it was essential

to bear in mind that the representations then made were
all from persons interested below the point at which the
water companies draw their water from Hampton and up-
wards. The deputation wanted the water to be as pure as
a river can be below as well as above that point. In his

individual opinion, he believed the only method by which
effectual drainage could be made was the eventual construc-
tion of a sewer parallel with the Thames, beginning at the
river Mole, and coming all the way down until it meets the
Metropolitan system.
The PRESIDENT inquired whether he understood the feel-
ing of the deputation to be that the Government should in
some way assist in the formation of a suburban board of
the character described by them ?
The deputation replied in the affirmative. _ .

Sir S. NonTncoTi having elicited a few other points as
to the views and wishes of the deputation, they then
thanked the right hon. president fur the courtesy with
which he had received them, and withdrew.