The Sun.
London, England, 1858-11-13 00:00:00

MAYNOOTH.

The following correspondence has taken plae,
Derby :

" Liverpool, Oct. c 9.
"My Lord, In a Conference of Evangelical Christians
which is going on here I had occasion, in reference to Mar,
nooth, to mention my having had a conversation with 3ro.l'`
lordship about the grant being discontinued upon the rill
ciple of compensation to vested interests. I stated qv'
your lordship had entertained the idea, provided all parbel
Roman Catholic and Protestant, were willing ; but witilou
expressing my opinion as to the amount of compensatioll-
I do not know that your lordship would expect me to ga!
the circumstance to you, which does not commit you
any plan of myself or others; but in case the discussoll.,
should get into print I thought it was only right that you
should be made aware of the fact from myself. I have the
honour to be, my Lord, your faithful servant,
"The Earl of Derby. "C. E. EARDLEY."

" Knowsley, Oct. 31.
" Sir --I have the honour to acknowledge your letter e!
the 29th inst., in which you mention that you had referred
at the Conference lately held at Liverpool to a conversatioe,
with me on the subject of Maynooth, in which I had enter'
tained the idea of the discontinuance of the grant on the
principle of compensation to vested interests. As this el,"
pression might be liable to some misconstruction, I thisw`
it right to remind you that in the conversation to whichrli
refer I said nothing whatever of vested interests ; but what
I said was that I should be glad to see a settlement of the
question on the principle of the payment of a sum dowitt
which might be found acceptable to Protestants and R 0
man Catholic-. I gave no opinion as to the possible amount,
but I stated that in estimating it it would be necessary t°
consider not only the interests of individuals but the exper
tation which had been held out to the Roman Catholic NAY"
at large of the continuance of the grant. I am sure that
you would not intentionally misrepresent the terms I made
use of in a private conversation ; and, as the principle is one
of some importance I have thought it better at once to re'
call to your recollection precisely what'passed on the voo'
sion to which you refer.
" I have the honour to be, sir, your obedient servant,
" Sir C. E. Eardley, Bart. "DERBY."

" Liverpool, Nov. 3. ,
"My Lord,—l have received your lordship's letter °I
October 31, with the explanation of the conversation I 11,1
the honour of having with you about Maynooth, and t
fully concur in the correctness of your description of wits
passed.
"If in using the term vested- interests' I employed a
term calculated to give a wrong impression, I should re;
gret it, but I used that phrase, considering that it covered
and included the sort of compensation contemplated by rar
lordship.

" A reference to what passed will explain my meaning'.
" I waited on your lordship in consequence of an inter;
view you had granted to a numerous body of my Protestant
friends about Maynooth. I was out of England at the time'
but I read in the papers an account of what passed ; and
my return to England I asked your lordship to see me, as
thought I could throw light on the question.
that
" You kindly did so ; and on that occasion I stated
many Protestants (and I believed many Roman Catholics)
desired to get id of the nuisance of Maynooth discussi°°,,,
by the payment of a sum down; that Mr. Spooner's
would give a sum for each inmate of Maynooth which IT,
calculated at less than £100,000; and that I was willing
(with some others whom I must not commit to details)f
inasmuch as the curriculum of the College is eight years;
to give eight years' ipurchass of the grant, which, at
£SO,OOO a year, would be £240,000. I was not then in g
situation to say, but I am so now, that Lord John Tins-
sell approved the payment of a sum in full, founded
on his own view of what the Roman Catholics are en;
titled to. His lordship authorised me to say at Ins
week's Conference here that, as an impartial spectator, 11°
considered £300,000 the fair sum. Your lordship at that', interview stated (as you do now) that you considered that in
any settlement not merely the inmates of the College, but
the interest which the Roman Catholic people of Irelana
have in the continuance of the institution, would have toll
valued (I included this view in the phrase vested interests
when I spoke last week at Liverpool).
" In reply to what your Lordship said about compensv
tion to the Roman Catholic body I 'stated that, in DV
opinion, the limits of what the Protestant party would con-
sent to would be to provide for actual inmates,—students,
professors, &c. But I thought that, taking that as the
principle, there would be a readiness to act generously in
the application ; that Protestants would feel it to be a ques-
tion not of amount, but of principle.
" I bear willing testimony not only to your Lordship's
courtesy, but to your evident patriotic desire to do what was
right and fair by all parties, independently of party, during
the whole of that interview.
"And ptrtnit me to add that, in referring as I did in
public to a conversation which I considered a sort of supple-
ment to a public interview, I only hope that I did not sal
anything which in your Lordship's judgment I ought not
to have said.

" And now, as yourlLordshiphas frankly referred to the
differenco between compensation of -vested interests Of
individirls and compensation of the interest of the Roman
Catholic body, may I just say that while the view I have
suggested is defensible coram Protestants, as only keeping
up the c illege till the present inmates leave it, it does also,
in a certain and legitimate sense, meet the feeling in your
Lordship's mind ? It treats the Roman Catholics gene-
, rously. It not merely educates present students, but allows
others to begin their education at Maynooth during the
eight years. It gives Roman Catholics time to turn them-
selves. Possibly it may lead to their merging their Catholic
University in Maynooth, or vicesa—a great benefit, I
tveiltnre to think, to the Roman Catholic laity. And yet,
while doing this, it saves the Protestant conscience, by
instantly divesting our Government of the serious respon-
sibility of training Roman Catholic priests.
" Merely adding that the statesman or statesmen who
settle this knotty question will entitle themselves to the
gratitude of the country, and requesting that to remove
misapprehension your Lordship will permit me to publish
this correspondence, I beg to remain, your Lordship's
obedient servant, C. E. EARDLEY.
"The Earl of Derby."

" Sir,—l beg you to accept my thanks forP youkr very clear
and explicit statement of the 3d inst., and am happy to
find that there is no difference whatever in our respective
recollections of what passed at our interview in Downing"
street. * * * *—l have the honour to be, sir, your
obedient servant,
" Sir Culling E. Eardley, Bart."

THE AUSTRALIAN MAILS.—SOUTHAMPTON, NOV.
12.—The Royal Mail. Company's chartered steamship
Niagara, Captain Anderson, took her departure to-day for
Malta and Alexandria with the heavy portion of the Aus-
tralian and New Zealand mails. She has £l,OOO in specie,
jewellery value £6,100, and 68 passengers, among whom are
Commander the Hon. A. C. Hobart, R.N., Paymaster
Aldridge, R.N., Captain J. Ogilvie and family. The Hon.
J. L. Smith, Mayor of Melbourne; will join the Niagara at
Marseilles, on his return home. The Teviot, with the home-
ward mails, is now overdue, having left Malta on the night
of he Ist inst. The Sultan, with the Bombay mails, and
the Ariel, from New York, are also overdue. They are all
three, no doubt, delayed by the strong easterlywinds which
have prevailed for several days past.
JOINT-STOCK COMPANY SWINDLING IN PARIS.----
Another case of alleged swindling by directors of a com-
pany en commandite was yesterday submitted to the
Tribunal of Correctional Police. The accused were
Mancel, calling himself do Valdour, and Laurent, the
company with which they were connected being
that o the Chemins do her Departementaux, which
was formed for the purpose of laying down train-
ways on ordinary roads. Against the former the specific
charge was that ho had by fraudulent manteuvrcs
and false pretences obtained subscriptions to the company,
improperly awarded to himself for constituting the companY
12,500 shares of the nominal value of 1,250,000 f., and had
embezzled shares and funds ; against Laurent, it was that he
had issued shares before the whole capital was subscribed
and the fourth part of it paid up, lied on pretext of an amal-
gamation with another company *audulently obtained pos-
session of all the assets of the company, and had embezzle
a number of shares; he was also accused of having become
a bankrupt from speculation on the Bourse, and having had
ecours3 to loans and ruinous means to retard his bank-
ruptcy. The two accused did not present themselves, and
were ordered to be tried by default. After hearing some
preliminary evidence the tribunal adjourned the case for a
weeks—aalignoni,