The Sun.
London, England, 1859-12-31 00:00:00

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PRICE 4D. STAMPED, SD.

from year to year, and in 1856 the re-discounting
amounted to £14,224,533 ; in 1847, to £15,216,999 ;
and from June, 1857, to the 27th Oct. it amounted
to £3,755,262. Commentary upon this was unne-
cessary—(cheers)—and he put it to the meeting
whether ignorance could have prevailed within the
building buildie the rotten state of the bank so far back
as 185eand 1854 ? (Hear.) Mr. Moore then en-
tered into a detail of the shareholders who were
debtors to the bank, and said that there had been
displayed a systematic violation of the deed of set-
tlement. Nothing, in fact, could have been worse
than the management of the bank's affairs, and no
other result than the disastrous one which had oc-
curred could have been reasonably anticipated, On
the occasion of the last meeting some indignation
had been manifested, when he (Mr. Moore) used
the phrase, "Delinquent directors," but he asked,
whether what had taken place did not justify the
expression ?—(hear)—and in support of this view,
he quoted the expressions used and comments made
by the Lord Chief Justice, Mr. Justice Wightman,
and Mr. Justice Hill, in the case of " Scott v.
Dixon." In conclusion, Mr. Moore regretted that
he should have had the necessity laid upon him to
make these remarks.
The CHAIRMAN stated that by being consenting
parties to the examination of the books, &c., under
the authority of the Master of the Rolls, they had
in fact given all the information which they could.
They did not think it their duty as liquidators to
take proceedings against the directors.
Mr. DIXON thought he had been hardly used in
having well-known facts raked up against him.
The deficiency was only £58,000 on a million at
the time he agreed to the report alluded to, and
the outside directors did not know till the bank
stopped ; all the facts which have since come to
light, and the faults ascribed to him were due to
the Liverpool system of bank management, parti-
cularly as to privacy of the accounts of customers.
He never thought that the report he signed would
deceive the public, or he would not have signed it.
He also denied that personal connections influenced
the directors in their business with the customers of
the bank.
In answer to Mr. ROGERS,
The CHAIRMAN said that the liquidators hoped
to pay off £50,000 of the loan early.next year.
After some further discussion, the proceedings
terminated with a vote of thanks to the chairman.

SIR JOSEPH PAXTON ON RIFLE

CORPS.

A meeting of considerable interest took place in
the Boys' School-room, Matlock, on Tuesday, to
take into consideration the necessity of forming a
Rifle Corps for Matlock, Matlack Bath, Cromford,
Bonsall, Tansley, and Darley. Sir Joseph Paxton
in the chair.

The CHAIRMAN first read th© published bill call-

:ng the meeting, and stated his reasons for taking
_ _

he chair on that occasion. He then remarked
upon the present excited feeling of the country
which had originated the rifle movement, and
stated that there was no adequate cause for alarm
as far as regarded the French people. He knew
them well, being often in France, and he must say
no feeling of hostility on the part of the French
people or Government existed, as far as he could
discover ; but, on the contrary, a desire
to maintain friendly relations with us. Ten
years ago (1848-9) we had witnessed very
extraordinary revolutions on the continent of
Europe, which had induced all the States to
increase their armies to a war footing, so that not
less than two millions of men were in arms, belong-
ing to the four great powers of the continent,
France, Austria, Russia, and Prussia ; and, on look-
ing at the present uncertain state of the continent,
no man could answer for the consequences that
might occur, even in a month, with this high state
of preparedness for war, and the yet unsettled state
of political affairs in Italy and elsewhere. Con-
sidering what the first Napoleon did, and the vast
armies he speedily raised and made such effective
use of, and looking, too, at the facflity with which
this Napoleon, the present Emperor, moved 200,000
men into Italy, fought and gained five battles
with, wonderful rapidity and precision, we ought to
be ready for any eventualities that may happen on
the continent, which may involve ourselves in dit
fealties; and, looking also at the defenceless state
of our coasts, and the extraordinary change effected
by steam puwer, it was necessary that a groat effort
should be made to place ns in a position to main-
tain our superiority both by land and sea, and be
ready to repel any hostility that might be attempted
on our shores. He rejoiced in the present move-
ment to form rifle corps, and should aid it all in
his power ; for, considering the small number of our
regular army, such efforts were absolutely needful
to strengthen our position, and he hoped our rifle
corps wouid become as expert as riflemen as our
ancestors were in the use of the bow. He stated
that, if the French ruler had any aggressive inten-
tions against this country, he could organise a flotilla
in every harbour opposite our coasts ; and giving an
order, say at 8 o'clock in the evening, to each division
of the force, directing each to meet on our coasts at
a special period, a considerable force might thus be
landed without the possibility of our helpin g it.
Our fleet might be quite useless on the occasion from
not being privy to such a movement. He thought
the present movement a good one, but he considered
we ought, at the same time to increase our effective
force. He should recommend a permanent Militia
Corps, and for this purpose it may be necessary to
resort to the ballot again. Here he referred to the
practice pursued in Switzerland, where all the
youth are trained to the use of the rifle, and conse-
quently these young men, when called into the
field, prove the best soldier,s in Europe. He then
briefly reviewed our gigantic commercial relations
throughout the world, which would be injured to a
fearful extent by war. A want of security would
be instantly generated, and the premiums on in-
surance would be vastly increased.
The first resolution was proposed by Mr. RAD-
FORD, of Tanslcy Wood, and seconded by Mr.
ALDAM, of Rock House, Matlock—" That efforts
should be made to form a rifle corps, to consist of a
company or companies embracing Matlock and the
surrounding district."
Carried unanimously.
The second resolution -was proposed by Mr.
BLACKWALL, and seconded by Mr. CAMPBELL
That a committee of persons residing in Matlock,
Bath, Cromford, Bonsall, Dorley, Tansley, and the
neighbourhood bo formed for carrying the foregoing
resolution into effect."

The third resolution was proposed by Mr. CHAD-
WICK, and seconded by Mr. WALKER:—"That those
persons who are not eligible to enrol themselves on
the committee be invited to assist the corps by
donations."

The fourth resolution was proposed by Mr.
BROODER, and seconded by Mr. ADAM—" That two
secretaries be appointed ;" when Mr. Thomas New-
bold and Mr. Chadwick were unanimously elected
as honorary secretaries.
The bankers appointed were Messrs. Arkwright,
and Wirksworth.
The amount of cash subscribed before and at the
meeting was stated to be £136 55., which will be
shortly published. The men already enrolled are
40 in number, but it is proposed to raise the force
to a corps of 60 •r 65 men, with one captain, one
lieutenant, and one ensign.
Sir JOSEPH PAXTON stated he should be surprised
if he did not succeed in raising the corps to its full
extent, and ordered his name to be put down for
10 guineas. Other gentlemen also subscribed.

MR. DARBY GRIFFITH, M.P., ON RIFLE CORPS.
—Mr. Darby Griffith, M.P., has addressed the
following letter to a local paper :—" There is a
point of a strictly practical character, upon which
it appears to me that some uncertainty of appre-
hension prevails on this subject; It may be well
to reduce the entrance-money, as a minimum, to as
low an amount as possible, in order to open the
door widely to the admission of large classes of the
community. But what I would ask is this—ls it
thereby intended that comparatively opulent mem-
bers of a corps should refrain from providing the
cost of their own uniform, and should, in fact, avail
themselves of the opportunity of obtaining
their outfit at the minimum established, it
may be presumed, for the benefit of the '
least opulent members ? lam not completely aware,
and am in fact desirous of eliciting, what is the
exact impression of the efficient members upon this
point ; but from what has reached me personally I
apprehend that the honorary or subscribing mem-
bers are not under the expectation that the sub-
scriptions are to be devoted to the outfit of those
members 'who are probably as opulent as many of
the subscribers themselves. Believing that in an
association of this kind it is essential that no lurk-
ing misapprehension be allowed to remain unex-
plained, I trust I shall require no apology for sub-
mitting this subject to the publicity which usually
elicits the most definitive elucidation of public
opinion.—l am, kc., C. DARBY GRWITII.
Deybes, Dee, 27."