The Sun.
London, England, 1857-03-27 00:00:00

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vote in opposition to Mr.
Cobden.
Lord Palmer-
ston had acted in the proper way. It was quite right
to defend the Briti-h Minister at Canton, and he
(Mr. Walter had sm.p oted him in consequence.
Mr. PAGET followed, and also defended Lord Pal-
merston, who, he cuisidered, had only acted in the
way any of his de.ractois would hive doue had they
occupied a similar position.
Mr. JONES condemned the foreign pnlicy of the
Goverameut, and contendel that the Chinese dis-
pute miAt have been se' tled without resortinz to
any such massacre as had lately talipn place at'Oan-
ton. He was altogether opposed to the Prim-)
Minister.

A „show of hands wag taken, and declared to be in
favour of Mr. Pavet and Mr. Jones.

A poll was demanled on behalf of Mr. Walter;
which will be opened this morning.

WINDSOR.

The nnmination.fWit;T:s.;rough took plan yes-
terday in the town—Mr. Geoffrey Pear), the mayor,
presiding.

. .
The proceedings seemed to create more than the
usual amount of interest in consequence of the very
active exertions that are being made to secive the
return of the opposing candidate. The Towti Hall
•was densely crowded,° and the meeting was of a
somewhat stormy character.
The customary preliminaries having been gone
through,
Mr. CLODE proposed, and Mr. HARRIS seconded,
the nomination of Mr. Greufell.
Ar,,,,,PERAQ/10VG4 proposed Mr. S. Ricar. do, and
-Mr. MINTOx seconded the nomination.
Captain BULKELY proposed Mr. Vansittart, and
the nomination was seconded.
Mr. GRENFELL, WL 0 was most pntbusiastically
received, briefly said, that during the five years in
which the electors I.id repOsed confidence in him
his votes beToke his political career. He was not
for half-and-half measures ; he had 'never forfeited
any—he was going to say pledges, but he never
had any furcel upon him ; he had never done any-
thing different from what he originally profs ,seal.
He was, as he ever had been, the advocat3 of pro-
gressive rcforin ; was favourable to an enlargement
of the suffrage; and, during a career of many years,
was never lint once absent from h's post when any
mealve of that character was before the,l»,u,e.

. -
Mr., RICARDO, who was also warmly received,
maid that it addre,a.s went for anything., then his
opponent was an out and-out Liberal ; but he
thought it more likely, from hip auteitedents, tha,
he would be a supporter of Lord D.'rby. The pre-
sent opinion Of the Government was do opinion of
tie country—he hittise!f supported it. It was
Liberal, and this borough, by the return of its tried
Liheral members, would give an additional support
to Oat Government.

Mr. VANSITTART then came forward, and was
received with tremendous cheer,ng. He said he
was sorry that his opponents, in the att tcks they
had made upon him, hld not allowed the dead to
re3t. EL) could excuQe them for their taint.; abut

his inexperience in these Matters, but 16 days'
canvass had tiu4ht him much in electioneering
matters ; and in knowledgb to render him en effi-
c'ent representative of this borough he was, not
wanting. He had been a soldier, and for years a
magi,trate, holding high official appointments.
lie was endeared to the ►,orotigit and its inte.re443
as a resident. He had be'en taunted about Lord
Derby and Mr. Disraeli, but he did not even know
those gentlemen, and surely any act of his brother's

ought not to attach to him- when he was hot even
in this country to know about'it. He thought the
Chinese war ought to be vigorously pushed until
the British flag was fixed at Canton, and all the
ports matte free. If he went into the hou,:e he
should support the Church, and vo'e for all liberal
and progressive measures ; should check Govern-
ment expenditure, vote for the extinction of the
income tax, promote the interests of the working
classes by the spread of education and emigration;
and should always vote, independently of men or
party, for liberal measures.
A show of hands being taken, the choice was de-
clared to have fallen upon Mr. Grenfell` md Mr.
Vansittart, upon which a poll was demanded.

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- :1414
MISHANAGEMOt4tiIi P tithe‹.
(Front tloo ca City
,::sortie' hi-tory of (-:re:1 (-1-3lNiketuao -
little else them a re-cordel the shanieful mismanage-
ment of our public companies. On Monday last
there was an exposure of the AusTalian Agricul-
at,u9rdala,
f,which,e e
osgqldruae.
squandered
di
motehfer aciwa
ar
hul)paid-upnearly
liits
e oi
?Ic,
oms iei
acresai
at oe. fof3 valuableBo
resources,, 00 O.
lthaneashaharesh
being kept in profound
ignorance. Afew days previously, in connexion wiih
the abandi inment of the project of the-London and
Paris B
brs ib ea
rek ba•
s ,hewing laen
lc
4-, s4h;2e/.t t
hal, per. e.bseeenns
xd
pteen titre.
by the directors in the mere introluction of that
enterprise to tile public, not a single step having
lven. taken in the shape of an absolute commence-
ment of business. Yest -Hay the theme was: the
Landon and Eastern Batik, which, having. Ee-en.
established three years ba k to carry on tanking
and exchange t -ansactions with India, wish a paid
up capita of 250,000/., has contrived in that period
to assist its owe directors and manatrer with sums
amounting i u the aggreate to nearly 290, 0t)01., and
which i let Vi obli.;ed to announceto is searehefders
the probable loss of their wnOe investment, with
the possibility of their being c<.lled upon e n far a
further con. ideraqe emit rib irtien. The addi. i. in to
the list fir to-dry is furnished by CO North of &t-
-rope Steam Company. About a mouth back the
Times cautioned the public that there -were unfa-
vourable rumours regard-in.; this untie taking which
require I into tigatioir, all hotigh the rat reseecta-
btlity oft .e directors seemed to preclude the possi-
bility of th-re being anythisig really wrong. The
result was that some of the largest proprietors
waited upon the directors, and were solemnly as-
sured that, n.rtwithstanding some inc invenience
which had arisen frem ac iidental caric es, nothing had
occurred to interfere wish the permanent pro,perity
of the concern ; that the large dividends pail had
all been honestly earned, and, of course, that t ere
had never been anything more uninstifiabSe than
tl e distrust suggested by the Times. It was added,
moreover, f.ati at them eting of the company ab ut
-to be lieet-ev-ery chrtfail"tv add -be- enstrr.k-;iit ' •,nd
this favourable statement be fully confer That
meeting took place to-day, Sir-Morton Peto in the
chair, and the following is a narrative of t!.e pro-
ceedings., from which it will be seen that the de ec-
tore, like those of the Australian Agricultural Cem-
patty, have pnalled the entire property of Ili& con-
stituent; by leaving it recklessly in the contrei of a
siagie individual ; that 50,000/. or upwards, out Of
a capital. of 500,0001., has hoer lost in the course
of a few month-s, without the board having the
slightest suspicion of the circumstance ; and that
se.e last half-yearly dividend at the rate of 8 per
cent. per annum was paid not only when there
had beep no pro its, but actually while these ruing
oua proce• dings were going on. The chairman
commenced I,IT adverting to the declaratkm of
.a
dividend in July last for the previous six months
'without the presentati n of accounts, these being
inaile up annually. Thedistribution,which involved
13,0001., was made on the faith of a statement pre-
pared by the -managing director, Captain Andrews,
showing for the half-gear ending midsummer a
profit
of upwards of 20,000/., and certified by Mr.
-
J. E. Coleman. that occasion Capt. Andrews
personally ..ddre,s, d the proprietors, alluding to the
oesiti'm and prosirects of the company, which he
destcribed as satisfactory, and it was then supposed
that when the meeting took place in January there
would be at least an ova if not an augmented di-
vidend. Soon after Christmas the accountant of
he company died, and it was found, notwithstand-
ing every exertion, innpossi'le t complete the ac-
counts in time for the usual int et in February.
The directors, however, had 'no reason to believe
but that the business had been in a favourable po-
sition, and it was not until Tuesday, when the
books were- brought into partial order, that they
and Mr. Cob man discovered the fact of a consider-
able foss on the operatioes of the year. Capt. An-
drews, the managingdirector, was incapacitated to-
wards the close of the year through sickness, and
although previously apparently in the vigour of
health, the-disease from which he suffered ha over-

thrown his int dlect, and he was no long:r respou-
b'e for his acts. In this state of things th, 13,-st
exertions had been made to prepare accoutts for
the share holders but at present they were incom-
plet,?, although Mr. Coleman had ascertained that
the loss wa-tat least 50,0001. This circunistaueehtd
taken the .lirec ors greatly by surprise, and as Capt.
Andrews, in whom the board as well as the shate-

holders lia►d placed great confidence, could not be

appealed to, the directors proposed,that a commit-
tee of shareholders shoul I be appointed to co-
operate with them in carrying out an examination
of the acitounts., and investigating the state of the
trade not only with regard to the past, but also the
future. With respect to the potkitlon occupied
by hiinself, the chairman stated that his original
holding in the company was 20,0001., but that,
having confidence in the management of Capt,du
Andrews and the position of the undertaking, he
had increased it to 60,0001. fully paid lip. Conse-
quently, if the shareholders had been deceived, he
hiinself largely participated in the sacrifice. The
announcement of the loss occasioned great dissatis-
faction, and several shareholders arraigned the con-
duct of the directors for the absence of the neces-

sary vigilance, and al,o the neglect of ordinary ar-
rangements, since the !o: s of the services ofa mana-
ger, and the death of the principal accountant
could uct otherwise have thrown the compauy
iuto such a state of inextricable confusion.

In answer to questions, the chairman mentioned
that of the fleet fuutt,,en vessels were employed,
three under repair, and ten unemployed, and that
the weekly pay-sheet at Lowestoft amounts to

140/. A variety of iuterrog tines were put with
respect to the traffic arravgtmeuls, which were re-
plied to, but it.was suggested that it would be more

desirable to allow a committee to take thew iuto

considera.t'on. It was stated that the position of
the share list is satisfactory, the majority being all
'ai I up. A i•harcholder inquirei if the la 4 divi-
dend wag declared, when there was in reality no
profit. The chairman said be ft aredfromwhat had
qnce been ascertained that such would be found to

tho ca e. Two or three proprietors then desired
Mr. Coleman to explain how be came to certify to
the accounts. In reply tie stated that the accounts

were regularly audited to December, 1855. Being
made out annually, there was n) balance-sheet pre-
eared to th. 4 30th of June, 1856. Ast dement of

the earnings for th. se six months was, however,
submitted to himself and the directors by Captain

AndrewP, which showed, from the emploprien.t of

vessels in the transport u rvice and other sources, a
total of al out .424,00 r, 'gild upon that it :VT•ifil

p resumed, adi v iden. ftb50,7.1.) ngl_B(ioOt. to 14,000 i.
might be wifely dedal•e(l! • The loss which has now

aceru'lltt fi6th' the opbrations
and Mr. Coleman refused to place it at a maximum
of 50,0001., the Or,. the, accounts not having
Ewen finally completed; .One dim ehold er complaut..it
that the directors should have given sr) f,vourkble
an account after the warning uttered by the Times.
Solely on the r•preslitaton of the Board, who
statA that there was 110 caus- f-r alarm, he had
d-yeled his interest in the iind.,,i taking. Dim chair-
man assured the trotting that the directors up to
I'ne'day were unacquainted with the loss, which
was tier' shown by the progrcs4 made under toe
superintendence of Mr. Coleman with the boo!:s.
Capt. Andrews, whose talent and energy had re-
ceived he approval of dire,:tors. and the share-

holders by RP. ecHal vote=, had been placed in a posi-
tion of entire confidence, and the- committee would
have the opportunity of probing the whole question,

and of testing the capacity of the trade and.; he posi:
lion of the company. In co-operation whi► them

the directors would at a future day be able to pre-
sent a report with such recommendations as might
appear consistent with the interests of the propri—
tom After some further discussion it was agreed
that a committee of six shareholders_ should be ap_
pointed to investigate, with the directors, the situa-
tion of the undertiking, and Sir Morton Peto
pledged himself that the report shall be circulated a
week previously to the adjourned umetiog. Out of
the 14 vessels of the company at present employed
11 are chartered at ri munera';ve- rates and he
begged the shareholcl-rsanl 'milk to reserve their
judgment, and not tr, d play unnecessary alum
pending the general inquiry.

THE P - - _ -
EAST INDIA POLICE SYSTEM IN BENGAL.—A
copy of a despatch relating to the s ,
the late House of
ystem of police in the
Bengal Presidency wail laid before
Commons, on the motion of Mr. Binnaird, the ex-mem.
lasi- for Perth. The G,,veroor-General of India has had
his attention directed of late, on various occasions to
the character and proceedings of the pollee in different
parts of the peuinscla, and the reports laid before him
have combined to deepen the convictionthat an imme-
diate and thoroughreform of the police
in all the old
provinces of British Trdia is loudly called for. The evils
to be contended With arei to be found both in the charac-
ter and want ofg nr arnsation of the police. The p, lice
system
i, a thorcogh failure, the police being all but
useless for the prevention, and sadly inefficient for the
°
,eviction, mof crime. To reedy the txisting evils it is
propoe_
pd to separate the police from the administration
of the land revenue—to take the management of the
police Of each district out of the hands of the magistrate,
sod c,mmit it to a European officer, with no other duty
to discharge, and finally to raise the status and secure
the honesty of the police. It is also thought advisable
to divide the police into-two separate portions—the pre-
ventive and the detective. This memorandum of the
Governor General in Conrcil is (lated Sent. 24, 1856
[AuvmensintErr).—Kidneys, Bladder, and Prostrate Glands
—their complications, -Diabetes Albuminuria, or Brights
Disease, ikc.—their connexion with the Stomach, Liver, die.,
and intimate association With the Ganglionic, or great cen-
tral or solar plexus of nerves, by Dr. Denis Cronin, price 2s,
" To a sound theoretical knowledge of the painful and dia.
tressing diseases on which he writes, Dr. Cronin adds the ex-
perience derived from a large and successful practice."-
, " Nowa." Smith and Son, 52, Long Lcro.