The Sun.
London, England, 1866-12-08 00:00:00

SHIPPING INTELLIGENCE—This Day.

LONDON, Dez. B.—Wind this day at nowt—North-
Westerly ; moderate breeze, and fine weather, but rather
cloudy.

PLYMOUTH, Dec. 6.—Wind N.W.—Arrived—Verbans,
from Varna.

PORTSMOUTH, Deo. 6.—Wind S.W.—Arrived—Her Ma-
jesty's ship Dee, from Plymouth.
BELFAST, Dec. 7.—Arrived—Prinoe Patrick, steamer,
from Fleetwood.

CLYDE, Doe. 7.—Wind S.W-4rrived—Borbico, from
Havannah.

FALMOUTH, Dec. 7.—Wind S.W,—Arrived—Witten
haze, screw steamer, from the Cape of Good Hope; lef
on the sth Nov.

BY TELEGRAPH.

GRAXEUND, Saturday Morning.
Arrived, Dec. G.—Jolly, from Mauritius.

Arrived, Dec. B.—Taurus, steamer, Forth, steamer, and
Julia—all from Antwerp; Fairwater, steamer, from St.
Michael's; Albion, steamer, from Ostend ; William and
Clara, steamer, from Trouville ; Sarah Ann, from Trinidad.
Sailed.—Holland, steamer, for Ostend ; Triton, steamer,
for Boulogne.

per, Saturday Morning.

No arri vale.

Sailed.—Desdemona, from London, for Otago ; Maid o;
Judah, from London, . for Sydney ; and most of the out-
ward bound, for the westward.

JEREMY CATNACH, OF SEVEN DIALS.—TO him
is due the honour of first publishing " songs three
yards a penny"; a price which, in former times, was
charged for a single ballad. His accumulated stock of
songs, last dying speeches, murders, doubtful slanders, &c.,
wAs something immense; and prior to retiring from busi-
ness, he is said to have amassed a fortune of over £lO,OOO.
During Queen Caroline's trial he could not produce his
sheets, "beautifully illustrated," fast enough to supply the
demand. His hand-presses were going day and night, and
many a weighty load of "coppers" his journeymen took
away with them ; for, as we have been informed by an
old journeyman printer, be alWays paid their wages-in
coppers.—The Stationer and Fancy Trades' Register.

ritErEll.lOl(llG BUARX/3.
Bristol and Exeter 4 per cent stock, St
Great Eaatern, E. Counties Ex., No. 1, 80 i
London and N.- Western, Shrewsbury and Welchpool, 85
Manchester, Sheffield. and Lincoln, 6 per cent.,
Ditto (.£6 , 41 #
North Eastern, G.N.E.. 4 per cent. pref.,
Stockton and Darlington B, C per cent., 31
LINES LEASED A'.o FIXED RENTALS.
Great Western, West Mid., nereford, 971
FOREIGN RAILWAYS.
Antwerp and Rotterdam, 82 •
Dutch Rhenish,,24l
Ottoman (Smyrna to Aidin), 3#
South Austrian and Lombardo, Venetian, 16
West Flanders, 7h

TOREIGN MINES.
Port Philip, I
Yudau.tmutaua of South Australia, lim., ii

BANKS,.

Alliance, lim.. 18
Anglo A ustrian,Vl
Australasia. 61
Brazilt in and Portuguese, lim.,
Chartered Bank of India, Austratia, and China, 15
Imperial Ottoman, lim., el
lonian, 23
London and River Plate.
Ditto, issued at II pm.,
Ditto, ditto, 81
London Joint stock, 411 2
London and %1 estmiiaster, 93i
Midland Bank, lien.. 171
National Provincial of England.
Ditto, d and :id issue, 411
New South Wales, 41$
Provincial of Ireland, 82
Union of London, 141
MISCELLANZOUR:
Anglo-American Telegraph, 111 15
Atlantic Telegraph,—
Dit
o, 8 per cent., 7 1
China Steam :_•111p and Labuan Coal Company, 1
Credit Fonder 01 Englann, lira . 2$ 1
Fore-street Warehouse, lira., 12L L
Gen. Credit and Finance of 'one an. Um.. 31
Hudson's Bay, it
Imperial Land Company of Marseilles, lim., 2
Land Securities, lim., II
London Financial Association, lira., 61
London General Omnibus Company, lint, a_k
Midras Irrigation and Canal (4 por oent. guaranteed by In
dian Government),
Ditto all), 171
National Discount Company, 141 71
Ditto, new, issued at 5 prem., of which 31 18 to pay, 91
New Zealand Trust and Loan, lira., e 4
Peninsula and Oriental Steam. Gi 3
Universal Marine. Insurance. lint., 21
Viceroy of Egypt, Mortgage, Loan, 75

A PRINCESS IN A SEWER.—The Princess
Mathilde, accompanied by a senator and other persons of
distinction, descended two days back by one of the flights
of steps in the Place de la Madeleine into the large sewer,
which she wont through as far as the point of egress at the
Church of Notre Dame de Lorette. The Princess after-
wards drove to the Place du Chatelet to inspect the sower
there which goes to Asnieres.

LAW INTELLIGENCE.—This Day.

COURT OP CHANCERY.
(Before Vice-Chancellor Stuart.)
RE ALBION BANK.

This was a petition by a shareholder for the winding-
up of this bank, but yesterday his counsel asked that it
might stand over until certain persons who had been sum-
moned to give evidence before the examiner in the case
had been heard.

The application was opposed by Sir R. Palmer, on the
part of the company. The directors had filed an dill-
davit, which ho said completelymet the case of the petition.
His lionohr thought it would ho detrimental to the bank
to allow delay in the matter suggested that the petitioner
who held ten shares should be relieved of those shares by
receiving what he had paid for them, and thus the matter
might be settled advantageously for all parties, but that
course was not adopted by the petitioner, and the direc-
tors would have to be examined.

Mr. Bacon, who appeared for• the petitioner, still asked
for delay. fie said it was but reasonab:o that time should
be allowed to answ3r the affidavit that had b3eu put in by
the directors. '

llis lionouragain repeated that delay would be extremely
inconvenient to a company like the Albion Bank, and he
therefore thought it his duty to go on with the case.
Mr. Bacon said the petitioner was not present, and
therefore it was at that moment perfectly im-
possible to cross-examine him. All he (Mr. Bacon)
required was that time should be given him to answer the
affidavit of the directors, and in making that application he
.was only asking what the court had never heretofore re-
fused.

His Honour, said if the respondent would agree to that
he would not object, but if not common sense and common
jast:e3 would compendia (the Vice-Chancellor) to go on
with the case.

Mr. Bacon said he could not do that in the absence of
the petitioner.
His Honour said ho ought to have been present, and
as he did not appear he should not adjourn the matter but
dismiss the petition.
Mr. Bacon again urged delay, remarking that a copy of
the affidavit of the directors had not been furnished to the
petitioner's counsel until late on Wednesday.
Sir R. Palmer, for the bank directors, said it had been
despatched on Wednesday afternoon, and, according to his
opinion, ample time had been given to the petitioner to
meet the matters contained therein.

His Honour then told Mr. Bacon ho had better go on.
The affidavit put in by the directors was then read; it
denied the assertions of the petitioner—that the bank was
in such a condition that it could not be carried on without
profit.
Mr. Higgins said he felt he could not, upon the evidence
now before the court, go on with success ; but he did not
think, therefore, that petitioner ought to be dismissed.
The last report of the directors contained various misrepre-
sentations, and to such an extent did they go that he felt
justified in calling it false and delusive. The paid up
capital, he denied, was £86,000. More shares had beeie
put down as taken than was the case, and he felt that he
had a right to ask: that the petition might stand over,
and also that he stated enough to justify an inquiry.
His Honour said the object of the learned counsel ap-
peared to be not an inquiry but a stoppage of the Company
by winding it up.
Mr. Higgins said he was only asking for that which had
invariably been the practice of the court. The learned
counsel was proceeding to make some very strong obser-
vations, with respect to the position of the bank and the
conduct of the directors, when
His Honour interrupted the learned gentleman, asking
him whether he had considered the vast amount of injury
that might arise from such statements as he was making.
There were a class of people prowling about for winding-
up to the damage and injury of companies in the kingdom.
He did not think that such damaging statements ought to
be made. In the present case the petitioner would not
come forward and face the directors, and therefore he in-
structed counsel to put the case in the strongest manner.
Mr. Higgins said his client was unable to appear. He
was in tho country, and could not under any circumstances
have arrived in time for examination that day.

His Honour, without hearing Sir R. Palmer in reply,
said the petition had been presented for winding up the
bank, and an affidavit bad been put in by the directors
showing that the allegations in the petition were entirely
untrue. They denied in the strongest terms that thebank
was insolvent and unable to meet its engagements, and in
proof of that they pointed to the fact that they had regu-
larly paid a dividend at the rate of 5 per cent. per annum.
At the last meeting, in consequence of the unsettled state-
ment of commercial affairs, the directors communicated to
the shareholders that it would not be prudent to pay the
usual dividend, but that it might be kept in hand
to meet any unforeseen circumstance. That, he
thought, was the rational and proper mode of con-
ducting the affairs of the company. The affidavit of
the directors stated they wero more than able to pay all
demands agairist them, that they were not involved in law
proceedings, and that there was no reason whatever for
winding up the bank, by which course the greatest loss
would accrue to the shareholders. He thought the peti-
tioner had had ample time to answer the affidavit, and tke
court would not be justified in keeping the matter longer
in suspense. It appeared to him that if proper inquiries
had been made in the proper quarters the present expen-
sive proceedings might have been avoided. That being
the case he ordered the petition to be dismissed with costs.
Mr. Bacon —Only one set of costs, your Honour ?
Vice-Chancellor Stuart—Your client has brought a
great number of persons into court, and therefore he must
pay the whole of their expenses.
There was an attempt at cheering by the crowd in
court, but it was instantly repressed,