The Sun.
London, England, 1857-05-15 00:00:00

LONDON, FRIDAY EVENING-, MAY 15, 1857.

FPS OM GRAND STAND. Stalls and Private
J BOXES may be engaged fcr the DERBY WEEK. For
particulars apply to Mr. DOIILING, Epsom.

METROPOLITAN COUNTIES and
GENERAL LIFE ASSURANCE SOCIETY, 27, Regent-
dreet, Waterico-place, London, Capital, 100,0001.

TIMSTEES.
fit. Fin. Spencer H. Walpole,M.P. I Richard Spooner, Esq., M.P.
Henry Peter FuUer, Esq. I E. Vansittart Neale, Esq.
Life Assurance business transacted in all its branches.
N.B. The bonus declared et the last division of profits averaged
3 per cent. on all the premiums paid.
F. FERGUSON OAMROUX, Manager.

UN LIFE ASSURANCE SOCIETY,
LONDON.
)`-!_

Policies effected with this Society now will PARTICIPATE IN
FOUR-FIFTrIS, or 80 per Cent., of the Net Profits of the Society,
ccording to the conditions contained in the Society's Prospectus.
The Premiums required by this Society for insuring Young Lives
,re lower than in many other old-established offices, and Insurers
aro fully protected from all risk by an ample guarantee fund,.in
iddition to the accumniated funds derived from the investments of
Premiums.

Policy stamps paid by the Office.
Prospectuses may be obtained at the Office in Threadneedle-streel
Condon, or of any of the Agents of the Society.
CHARLES HENRY LIDDERDALE, Actuary.

ft, R. HOWARD, burgeon-Dentist, 52, Fleet-
. street, has introduced an entirely new description of ARTI-
FICIAL TEETH , fixed without springs, wires, or ligatures. They so
,erfectly resemble the nateral teeth as not to be distinguished from
he original by the closest observer; they will never change colour or
!may, and will be found very superior to any teeth ever before used.
• his method does not require the extraction of roots, or any painful
Aeration, and will support and preserve teeth that are loose, and Is
naranteed to restore, articulation and mastication; and that Mr.
Howard's improvement may be within the reach of the moat econo-
mical, he has fixed the charges at the lowest scale possible. De-
cayed teeth stopped and re dered sound and useful in mastica-
tion.-57, Fleet-Street. At home from ten till five.

The Successful Results of the last half-century have proved beyond
question that
ROWLANDS' MACASSAR OIL
possesses pnculiarly nourishing powers in the growth, restora-
tion, and improvement of the Human Hair. It prevents it from
failing off or turning grey, strengthens weak Hair, cleanses it from
scurf and dandriff, and makes it beautifully soft, pliable, and glossy.
In the growth of the Beard, Whiskers, and Mustachios, it is unfail-
ing in its stimulative operation. ,Foi Children it is especially-recom-
mended, as forming the basis of a beautiful Head of Hair. In dress-
ing the Hair nothing can equal its effect, rendering it so admirably
soft that it wilt lie in any direction, and imparting a transcendent
lustre. Price 3s. 6d. and 75.; Family Bottles (equal to four small),
les. 6d. ; and double that size, 21s.
CAUTION.—On the wrapper of each bottle are the words, "Row-
LANDS' MACASSAR OIL," &c., in white letters on a lacework ground,
and their signature, "A. ROWL oNI) and SONS," in red ink.
Sold at 20, Hatton-garden, London, and by Chemists and Per-
Bimetal.

NEWS OF JAMES SADLEIR.

(From the Freeman's Journal.)

Mr. James Sadleir, after a long silence, has treated
the world to his locus in q'to. He is in the gay capital,
enjoying, with the Grand Duke Constantine, the gaie-
ties of that delightful city. Bat beyond that general
description, deponent sayeth not. He does not enter
into particulars—whether he sojourneth at the Hotel
Meurice -or the Banlieu, whither have retired the dis-
tressed operatives whose scant incames suffice not for
a more central lodging. James, however, we may
be sure, disports himself in a more sumptuous fashion.
He retreated from too tardy justice, with a large
slice of the plunder which be and his worthy brother
extracted from a too confiding public. James is not
" hard-up"—not he. His pockets are well lined. with
Napoleons, and the most fashionable cafés—say the
Trois Ireres—nightly abstract a portion of the poor
shareholders or depositors' savings. We wish the Ben-
lsvard rover had particularised his residence, but he was
too cautious for such candour, because he was well
aware of the consequences to his liberty. The sub-
joined latter from the ignominious and shameless fugi-
tive appears in last night's Post. It required no
ordinary amount of audacity to pen such a characteristic
epistle :

Naval and Plititary InteJagelice.

Yesterday the half-yearly inspection of the corps
of Royal Engineers took place at Chatham by Col.
W. H. Eden, Commandant of the Garrison, acting
for General Sir J. F. Burgoyne, G. C. 8., Inspector-
General of Fortifications. The troops having been
drawn up in the barrack-square Col.'Eden inspected
their clothing'and necessaries, after which he minu-
tely examined Brompton Barracks, the buts at
Prince Henry's bastion, the barrack library, and
the various offices. In the afternoon the entire
corps marched to Chatham lines,i where they went.
at
through the manoeuvres of a e
Tof ors. The result
Jd-day in the pre-
sence of a large numb
of the inspection was very sa tort'.
A discharge of troops to the number of 40 non-
commissioned officers and men took place at Cha-
tham yesterday.
The Winchester, 50, Capt. T. Wilson, late flag-
ship of Rear-Admiral Sir M. Seymour, K.C.8., on
the China station, was paid off at Chatham yester-
day, having been in commission upwards of syears,
during the whole of which time she was stationed
in the East Indies and China until relieved by the
Calcutta, 84, Capt. W. K. Fiall, C.B. The Win-
chester brought home the crew of her Majesty's sloop
Bittern, 12, and also 89 sick and wounded invalids;
28 deaths occurred on b )ard during the passage
home from Hong Kong, which she left on the 13th
Dec. On the crew being paid off yesterday two sil-
ver medals, with gratuities of 151., awarded by the
Admiralty for good conduct and meritorious service,
were distributed to James B4arn,plio, guwaer's mate„
and John COrris, quartermaster. The Admiralty
also awarded gratuities for good conduct to Horatio
Wilson, captain's coxswa n ;
_,Wm. Blake, chief
boatswain's mate ; and Win. Horn, coxswain of the
barge. A few days previously to the vessel being
paid off Capt. Wilson distributed about 200 medals
to those men belonging to the Winchester and
Bittern who were engaged in the attack on Ran-
goon.

Letters from her Majesty's steam troopship Tran-
sit were received at Portsmouth yest-Telay morning
one of which /pas immediately handed to our ea)
respondent for publication. The lust he published
wa3 said 'by its critics to have been written by a
soldier "frightened at sea's alarni3," and was stig-
matised ill various quarters as an " exaggerated "
description of the ship's voyage from Spithead and
her condition on putting into Corunna, which
"cuckoo cry /' was re-echoed by the First Lord of

the Admiralty in the House of Comm)ns this clay
week. The following is an extract from the letter
of an experienced " blue jacket " of 20 yeLrs' ser-
vice in various parts of the world :
" Her Majesty's ship Transit, Corunna, April 19.
"We came to an anchor here this morning from sheer
necessity. From the time we left Spithead until this morn-

ing our ship has been one scene of misery—rolling awfully,
pitching tremendously, the troops' deck afloat all clay and
night, tho decks not properly caulked, and expecting
every moment to see the masts go over the aide from the
loose manner in which the rigging is fitted. They are now
setting up rigging, and we shall most likely get to sea to-
night. We have met with heavy weather."

-By the Brazil mail, delivered yesterday, it would
appear that the "unfortunate Transit" had crept
as far as St. Vincent's by the 2.Bth ult.
The sailing three-decker Princess Charlotte, 104,
Capt. G. St. Vincent King, C. 8., was taken out
of dock at Portsmouth yesterday afternoon and
past under the shears to be masted. Her rigging
is ready for going over her mast heads.
The Melville, 72, hospital ship for China, Com-
mander Trollope, was tiken into the steam basin
on Tuesd y evening to ascertain if the leakage be-
fore reported was stopped ; but as it proVed un-
abated she was redocked on Wednesday for further
examina4ion.

The Volcano steamvessel, fitted as a seagoing
smithery, Master-Commander Hockines, having
been made ready for proceeding to China, is now
reported to be in want of new boilers.
The Beaver, 2, steam gunboat, Lieut. Hewett,
K.L.H., was taken into dock at Portsmouth
yesterday to have defects repaired.
The Azamemnon, 91, Commander Noddal (Mas-
ter, R.N ), commenced tatting in coal in the steam
basin at Portsmouth yesterday, preparatory to pro-
ceeding to the Thames to ship her portion of the
Atlantic Telegraph cable.

The Malacca, 17, steam corvette, Capt. Farqu-
har, does not go to Plymouth, but to Sheerness,• to
be paid: off. She-left-8 kit cad yesterday.
The Adventure, iron-screl steam troop-ship,
Commander Lacy, went out of Portsmouth harbour
yesterday to test her machinery, &c. She will take
in her portion of the troops for China next Wed-
nesday.

At the monthly examination of officers to qualify
for promotion, and of candidates for elitry into the
navy, which terminated yesterday at the Royal
Naval Col►ege, Portsmouth, the following passed
and received certificates :

Mates, R.N. for Lieutenants, Messrs. F. R.
Blackburne, V. H. Heaton, G. C. B. Wither, C.
Mitchell, J. M. Stewart, John Liddell, C. H.
Carpenter, L. M. Mallfrt, J. B. Warren, and C.
N. Streatfield. Second-Masters, R.N., for Mas-
ters, Messrs. C. H. Martin, George Patterson, and
J. D. Switzer. For Naval cadets—Messrs. F.
H. S. O'Brien, H. C. Aitchison, C. S. Broome, J.
L. Heave, C. E. Danvers, Y. F. H. Parkes, and
C. B. Theobald. For Masters' Assistants—Messrs.
J. H. Coombe, W. F. A. Greet, W. H. Buck, and
J. T. Partridge. For Assistant Clerks—Messrs.
J. W. Thompson and E. B. Pillars.
The screw steam transport Urgent, Commander
C. G. Phillips, from Barbadoes, April 7, with the
head-quarters, 24 officers, and 614 nou-commissioned
officers and privates of the 69th Reiment, under
g
command of Col. Mackirdy, and one company, 113
in all, of the 67th, under command of Capt. Count
Rivarola, arrived at Plymouth on Wednesday morn-
ing. Thp Urgent arrived at Fayal, April 29, and
was detained two days to perform quarantine.
Since that time she has experienced strong easterly
winds. Captain Scott, R A., and family have come
home passengers in her. Coporal J. Fowler, of the
67th, died at sea of consumption, April 26. The
Urgent's enginei were bu'lt for the Russian Govern-
ment about three ye-trs ago, and are in a very de-
fective state. The bearings became so much heated
as to require a continuous and plentiful supply of
water. Under full steam, in ordinary weather, her
speed averages 8 to 8 knots per hour.
The frigate Eurydice, 26, Captain Tarleton, ap-
pointed to leave Barbadoes on Bth April, the day
after the Urgent, was spoken on Wednesday off Ply-
mouth, 35 days out, proceeding up Channel.
The Cuckoo, 3 guns, paddlewheel steamvessel,
Lieut.-Commander Augustus G. E. Murray, left
Sheerness yesterday with part of the marines paid
off from the Cressy belonging to the Portsmouth
division, and the seamen (runners for_ the Excellent,
for Portsmouth.

The paddlewheel steamship Vesuvius, 6 guns,
Capt. Charles Wise, at Sheet nf.ss, completed the ad-
justment of her compasses yesterday. Mr. M 'Do w ell,
assistant engineer of this :lip, has been promoted to
the second class and reappointed to the ship again.
Mr. G. V. M.Tonougii, late assist Lnt-surgeon of
the Cressy, has taken up his commission and joined
the Formidable, guardship of ordinary at Sheer-
ness vice Wm. E. Hambly, promoted.
The freightship Runnymede has commenced em-
barking ordnance stores at Deptford from Wool-
wich arsenal for Hong Kong.
The Fortitude, in the London docks, is shipping
ordnance stores and ammunition from Woolwich
for Ceylon.
The freightship Earl of Mar and Kellie is under
orders to be moored off Woolwich pier, on or about
the 21st inst., in readiness to ship no tons of engi-
neers' trenching tools and other cargo for Hong
Kong. •
An Admiralty order was yesterday morning
issued in Woolwich Dockyard to the effect that all
applicants for admission as naval engineers, whether
serving in the dockyard or factories, are to be
exlmined by the surgeon of the flagship of Fisgard
or the surgeon authorised by the Commodore. The
examination to take place after the candidate has
been returned qualified in all other respects for ap-
pointment.
The shafting and other machinery for the screw
steam corvette Challenger being built at Woolwich
are ordered to be in reainess, as the vessel is in a
forward state t owards'completion.
The paddlewheel steam vessel Bustler, on service
.at Woolwich as tender to the Fisgard, is ordered to
be admitted into basin to be 'supplied with a new
boiler.

Commander Francis A. Shortt, of her Majesty's
paddlewheel steam-sloop Spiteful, from the Medi-
terranean and Biack Sea, yesterday morning as-
sembled the crew on deck, at her moorings off
Woolwich dockyard, when they were put through
a course of heavy gun practice for the inspection of
Commodore Shepherd, Superintendent of the dock-
yard, prior to being paid off.
Detachments of 14 battalions of the Royal Ar-
tillery were assembled on the review ground facing
the barracks' at Woolwich, under the command of
Major Sliaw, R.A., and went through a course of
battalion movements and brigade exercise.
Recruiting par&s have been despatched from
the Royal Marine Garrison, Woolwich, in the fol-
lowing order namely, Brevet-Major March to

!Lnndon for the Portsmouth. division ; Brevet-
Major VV. C. P. Elliott to Derby, and Capt. J. V.
Cook to Bath, to rsise men for the Wolwich divi-
sion. The standard to be 5 feet 6/2 inches in height
and 32 inches round the cheat when s ripped.
The following persons have. received the g atuity
of 151. and the good-service .medal :—T. o,le, sail-
maker ; Rich. Hill, chief b oatswaiu"s mate ; Ser-
geant Browning, marine a rtillery ; Win. Owens,
captain of the afterguard ;: and James Ryan, yeo-
men of signals :

The following appointiiientswere made yesterday
at the Admiralty
Capt. A. Forbes, to the Curacoa ; Lieut. T. M.
Campbell, to the Terra.: ; C. M. T. Marshal, acting
second master, to the Boscawell ; F. Braddon,
assist.-paymaster, to the Amethyst.

THE _ROYAL BgITISH BANK DI&

CLOSURES.

gilt. COMMISSIONER HOLROYD'S OPINION OF THE
ADVISABILITY OF A PROSECUTION.
Yesterday morning was fixed, by Mr. Commis-
sioner Holroyd for delivering judgment on the
amination of the directors, which has been so often
before the public.
His Honour se id—Mr. Linklater, the solicitor
for the assignees, "having a few days since intimated
to- the Court that he bad, at least for the pre-
sent, closed the 'examinations in •' the matter of
the Royal British Bank, with the exception of
some formal depositions and some documen-
tary eviden.sec • -Considered-- What course it
is the duty of the Court, to take with reference to
the case as it now stands. According to the Actof
Parliament under which this inquiry has been con-
ducted, the 7th and Bth of Victoria, cap. 111, sec.
25, a report of the cause of the failure of the com-
pany is to be made by this Court to the Board
Trade, and the Court is to be at liberty to state any
special circumstances relating to the formati-n or
management of the affairs of the company ; but by
the terms of the Act this report is to be made to the
Board of Trade after the company have passed their
last examination. Now, the last examination has
been adjourned to the 24th of June ; but, never-
theless, notwithstanding -the provi-ion in the Act
to which I have referred, I think that the Court, in
a case calling for its interposition, ought at once,
ex mere mate, to direct copies of any examinations
taken under the bankruptcy to be transmitted to
her Majesty's Attorney-General, so that the Govern
ment may be advised by the law offic-es of the
Crown as to instituting criminal proceedings. To
wait until the passing of the last examin ition of
the company might tend to occasion inconvenience,
if not to defeat the ends of justice. I think this is
not a case for further delay. Ido not believe that
a scene of greater recklessness, fraud, and crimina-
lity of conduct in the management of a banking
establishment was ever exhibited in a court of jus-
tice than is disclosed by the examinations taken in
this court under the adjudication of bankruptcy.
against ,the Royal British Bank ; and I may ob-
serve that these examinations will be admissible in
evidence against the parties in cage of a prosecution
—see "Reg. v. Scott" (1 D and B, Cr. Ca., 47) ;
"Reg. v. Haggett" (1 D, Cr. Ca , 656). It will
be necessary to a correct understanding of the re-
marks which I am about to Make to refer shortly to
the Act for the regulation of joint-stock bulks in
England and to the charter of the company,
and to some of the most material provisions in
the deed of constitution of the company—viz.,
the Isc, 2d, 3d, 18th, 33d, 34th, 36th, 44th,
45th, 47th, 60th, 63d, 64th, 65th and 71st. By
the sta.ute 7th and Bth of Victoria, cap. 114, after
providing for the form and mode of petitioning
the Crown for a charter or letters patent by a joint-
stock banking company for the carrying on the
business of bankers in England, it is enacted that
the deed of partnership of the company shall be
prepared according to a form to _be approved by
the Board of Trade ; and shall, in addition to any
other provisions to be contained therein, contain
certain specific provisions for the following pur-
poses, that is to say :-1. For holding ordinary
general meetings of the company once a year. 2.
For holding extraordinary general meetings upon
a Certain requisition, &c. 3. For the manage-
ment of the affairs of the company, and the election
and qualification of directors. 4. For the retire-
ment of at least one-fotirth of the directors yearly,
and for preventing the re-election of the .retiring
directors for at least 12 calendar months. 5. For
preventing the company from purchasing any shares
or making advances to any person on the security
of asbare. 6. For the publication of the assets
and liabilities of the company once at least in
every calendar month.' 7. For the yearly audits
of. the accounts of the company by two or more
auditors chosen at a general meeting of the share-
holders, and not being directors at the time. 8.
For the yearly communication of the auditors'
reports, and of a balance-sheet and profit and loss
account to every shareholder. 9. For the ap-
pointment of manager or other officer to perform
the duties of manager, and that the provisions of
the deed, with such others as to her Majesty shall
seem fit, shall be set forth in the le tens patent.
It is then provided that it shall not be lawful for
any company to commence business until the
deed has been duly executed and all the
shares subscribed for and at least half the amount of
each share has been paid up, and it shall not be law-
ful for the company to repay any part of the sum so
paid up without leave of the Board of Trade. Next
follows the provision authorising Her Majesty, by
letters patent, to incorporate the company for the
purpose of carrying on the banking business. The
material articles in the deed of constitu'i al of the
company will be found to this effect :—The parties
to the deed were to form a public joint-stock bank
ing company, and the capital of the company was
to consist of 100,0001. in 100 shares of 1001. each,
to be increased if need were. The business of the
company was to consist in reeeiving deposits of
money and keeping customers' accounts, and tran-
sacting every kind of usual banking business, and
in advancing or lending money on real or personal
and other kind of securities enumerated in the
deed ; and the court of directors might give credit,
either with or without security, upon cash accounts
to any of the proprietors or to any other person to
such amount, at such rate of interest, and upon
such terms as such court should think proper,
agreeably to the bylaws for the regulation of ad-
vances ; the cash credits to be in the discretion of
the directors, but no director was to vote on any
motion for an advance or discount to himself ; and
any part of the capital or funds of the company not
required for the immediate purposes or business
thereof was to be invested by the court of directors
in or upon any public or private real or personal se-,
curities as the court should think proper; and the
company were prohibited from purchasing their
own shares or making advances of money to any
person on the security of shares (see articles 1,2,
3, and 33.) Article 18 is to the effect :—That all
the general affairs, business, and concerns of the
company shall be under the management, superin-
tendence, and control of the court of directors, as
thereinafter mentioned ; and that they sha 1 have
the entire, sole, and exclusive control, manage-
ment, and disposal of the property and revenues of
the company, and shall regulate and determine the
mode and terms of carrying on the business thereof ;
and the court shall have p Aver to nominate and ap-
point under such conditions and on such terms as they
shall think proper one of their own number, or any
other person, to be general manager, for conducting
under their superintendence and control the busi-
ness and affairs of the company, with such salary as
the court shall see fit ; and the general manager, if
of their own number, shall cease to be a direc‘ or.
Then, by article 36, which provides for the keeping
all necessary and proper books of account, the
court of directors once at least in every month are
to settle and adjust and balance the said books, and
make out, 'declare, and publish, in such manner as
!the court shall think proper, a full, true, and ex-
plicit statement and balance-sheet, exhibiting the
assetsand liabilities of the company, and the amount
and nature of the capital and property thereof, and.
the then fair estimated value thereof, and the
amount of the company's negotiable obligations
then in circulation, and the profits and losses of the
company, and all other matters and things requisite
for fully, truly, and explicitly manifesting the actual
• state and position of the affairs thereof. Article 44
provides for the general yearly meeting of the pro-
prietors in the month of September, and by the next
article (45) the court of directors, if they think it
expedient, may bold a second general meeting, to
be called a general half-yearly meeting of proprie
tom ; arid if a half-yearly meeting be not called the
court is to prepare and furnish to every proprietor
at the end of each half-year for which no such meet,
ing is called such a printed report of the progress
and proceedings of the company and the state of
the profits arid funds, assets, and liabilities thereof
as the court shall think proper be made known ;
and a balance-sheet, and profit and account,
and also a report on the account by the auditors
are, in the month of September in every year; to
be:sent by the post to every proprietor. By article
47 the court of directors at every general meeting
of proprietors, shall exhibit a true and accurate