The Sun.
London, England, 1857-11-27 00:00:00

LONDON GAZETTE—(This Evening.)

WHITEHALL, Nov. 26.
The Queen has been pleased to direct Letters Patent to
be passed under the Great Seal, granting the dignity of a
Baronet. of the United Kingdom of Great Britain an Jr -
land unto Major-General Archdale Wilson, of Delhi,
Knight Commander of the Most Honourable Order of the
Bath, Lieutenant-Colonel of the Bengal Artillery, and to
the heirs male of his body lawfully begotten.
The Queen has also bee❑ pleased to direct Letters Patent
to be passed under the Great Seal granting the dignit; of
a Baronet of the United Kingdom of Great Britain and
Irellnd, unto Major-General Henry Havelock, of Lock-
now, Knight Commander of the Most Honourable Order
of the Bath, and to the heirs male of his body lawfully
begotten.

WHITEHALL, Nov. 26.
The Queen bas been pleased to ordain and declare
that Isabella Neill, the Widow of the late Coloael
James George Neill, of the Madras Fusiliers,
shall have, hal, and enjoy the same style, title,
place, and precedence to which she would have been en-
titled bad her husband, who fell in the gallant discharge of
his duty in India, survived, and been invested with the
Insignia of a Knight Commander of the Most Honourable
Order of the Bath, for which honour he would have been
recommended to her Majesty, as notified in the London
Gaza., of the 17th instant, had he survived.
And also to command that the said royal order and de-
claration be registered in her Majesty's College of Arms.

[ln substitution of Notice in Gazette of Tuesday last.]
BOARD OF GREEN CLOTH, Nov. 23. -
The Queen has been pleased to appoint the Right lion.
Edward Granville, Earl of St. Germans, G.C.8., to be
Lord Steward of her Majesty's Household, iu room of the
Right Hon. Frederick, Earl Spencer, K.G., resigned.
WAR-OFFICE, PALL-MALL, Nov. 27.
2d Regiment of Life-Guards—Lieutenant-Colonel William
Henry Clinton Baddeley, from half-pay Unattached, to
be Lieutenant-Colonel, vice Brevet-Colonel Williams,
who exchanges ; Major awl Brevet-Lieutenant-Colonel
Francis Mountjoy Martyn to be Lientenant-Colonel, Gy
purchase, vice Baddeley, who retires ; Brevet-Major
George Howard Vyse to be Major and Lieut.-Colonel,
vice Martyn ; Lieutenant Augustus Savill Lumley to be
Captain, ;by purchase, vice Vyse; Cornet and Sub-
Lieutenant John Henuiker Lovett to be Lieutenant, by
purchase, vice Lumley.
sth Dragoon Guards—Joseph Heremon Persse Fitz-
Patrick, Gent., to be Cornet, without purchase, vice
White, promoted.
7th Draggon Guards—Edward Henry O'Dowd; Gent.,
-Ad
troll e be Cornet, without purchase.
acroons--Cornet Hugh Edmond Browning to be
Lieutenant, without purchase.
6thbe Dragoons—William Jocelyn Sbafto Orde, Gent., to
Cornet, without purchase.
12th Light
Lieutenant witlour —Cornet Erasmus Gower to be
the 7th Light DragoLarrf h"ei
vice Stinted, promoted in
Dragoons—CornetHenry
13th Light
Lieutenant, without pureloase,ll" J. Toulmin to bo
vjee Kanntze, appointed
to the 7th Dragoon Guards ergeant-Majr,r Thomas
Geo. Johnson to be
Cornet without purchase, vice
Savage, promoted.
16th Light Dragoons—Cornet Frock. stoe(Hey to be Lieu-
tenant, without purchase.
17th Light Dragoons—Edwin Andrew Corbel, Gent., to be
Cornet, without purchase.
Royal Regiment of Artillery-Second Captain Alfred
Wilke Drayson to be Captain ; Second Captain cad_
wallader Elgee to be Captain; Lieutenant
William Lambert Yonge to be Second Captain ; Lieu_
tenant Chas Booth Brackenbnry to bo Second C.etain ;
Lieutenant Edward Markham to be Second Captain,
vice Drayson; Lieutenant Henry Richard Porter to be
Second Captain, vice Eiger..
6th Regiment of Foot—Captain E. G. Waldy, from half-
pay 28th Foot, to be Captain, vice Herbert, whose ap-
pointment from half-pay of the 97th Foot, as stated in
the Gazette of the 23d October,
cancelled. 1857, has been
7th Foot—Paymaster Godfrey Goodman Mosley from the
20th Foot to bo Paymaster.
Bth Foot Lieutenant George Corry to be Captain, with-
out purchme, vice Gould, deceased.
4th Foot—James Townsend Edwards, Gent., to be 1

Ensign, by purchase, vice Bright, promoted; Quarter-
master John O'Connor, to be Paymaster.
15th Foot—Lieutenant Philip A. A. Twynam to be Cap-
tain, by purchase, vice R. R. Moore, who retires ; En-
sign George Joseph Maunsell to be Lieutenant, by pur-
chase, vice Twynam.
24th Foot—Ensign Robert Paterson Fox, from the 34th
Foot, to be Lieutenant, by purchase, vice Johnstone,
whose promotion, by purchase, on Ang. 25, has been
cancelled.
25th Foot—Lieutenant Alex. Strange to be Instructor of
Musketry, vice Captain Walker, who has resigned that
appointment; George Terry Carwithen, Gent., to be
Ensign, by purchase, vice Hill, promoted.
33d Foot—Captain John James Greenwood, from half-
pay of the 33d Foot, to be Captain, vice Fitz Gerald,
promoted ; Captain Anthony Morgan, from half-pay
Unattached, to be Captain, vice Lacy, seconded, being
a District Inspector of Musketry ; Lieutenant J. S.
Rogers to be Captain, by purchase, vice Morgan, who
retires; Ensign G. R. Morgan to be Lieutenant, by
purchase, vice Rogers ; James Philips, Gent., to be
Ensign, by purchase, vice G. R. Morgan.
60th Foot—Ensign George Hatchell to be Lieutenant,
without purchase, vice Conyers, deceased ; Ensign
Henry Brodrick, from the 88th Foot, to be Ensign, vice
E. L. Phillipps, died of his wounds.
68th Foot—Captain C. B. Wilkinson, from the Military
Train, to be Captain, vice Brevet-Colonel J. E. Lewis,
promoted to the Substantive Rank of Major, under the
Royal Warrant of Oct. 6, 1854.
73d Foot Captain John Dixon, from half-pay unat-
tached, to be Captain, vice Brevet-Major Bewes,
seconded, being a District Inspector of Musketry ; Lieu-
tenant Spencer F. F. Henslowe to be Captain, by pur-
chase, vice John Dixon, who retires ; Ensign Hugh
Fraser to be Lieutenant, by purchase, vice Henslowe.
80th Foot—Captain Evan Macpherson, from half-pay of
the 14th Light Dragoons, to be Captain, vice G. D.
Pitt, seconded, being Captain Instructor of Musketry
at Hythe ; Lieutenant J. L, W. Nunn, to be
Captain, by purchase, vice Macpherson, who retires ;
Ensign W. G. Trevor to be Lieutenant, by purchase,
vice Nunn; Edward Vaughan Rumsey, Gent., to be
Ensign, by purchase, vice Trevor.
88th Foot—Henry Brodrick, Gent., to be Ensign, by par-
chase, vice Glamor' who retires.
91st Foot—Ensign Walter 0. Wade to be Adjutant, vice
Bruce, who resigns the Adjutancy only; Ensign and
Adjutant W. 0. Wade, to have the rank of Lieut. ; En-
sign James Blagg, to be Lieut., without purchase, vice
Crampton, promoted in the 2d Foot ; Ensign A. F. Per-
kins to be Lieut., by purchase, vice Dewell, promoted ;
Ensign E. V. Ramsey, from the 80th Foot, to be Ensign,
vice Blagg.
96th Foot—Captain Henry Alexander, from half-pay
Royal Staff Corps, to be Captain, vice Snow seconded,
being a District Inspector of Musketry ; Lieutenant G.
B. Cumberland to be Captain, by purchase, vice Alex-
ander, who retires; Ensign G. K. Hallett to be Lieute-
nant, by purchase, vice Cumberland; Charles Edward
Wright, Gent., to be Ensign, by purchase, vice Hallett,
Rifle Brigade--Lieutenant Henry Blundell Hollinshead
Blundell to be Adjutant, vice Brett; Ensign Hugh
Lawton, to be Lieutenant, without purchase; Ensign
and Adjutant Emannel Jeames to have the rank of Lien-

tenant ; Ensign W. C. Purdon to be Lieutenant; by
purchaie, vice Fremantle, promoted ; Charles Walker
Robinson, Gent., to be Ensign, without purchase, vice
Lawton ; Archdale Robert Palmer, Gant., to be Ensign,
by purchase, vice Pardon.
UNATTACHED.

The undermentioned officers to have their Brevet Rank
converted into Substantive Rank under the Royal War.
rant of 6th Oct., 1854 :

Dec. 3, at ten, and Jan. 14, at one, at the Exeter Dis-
trict Court.

Thomas John Green, provision merchant, Mark-lane,
Deo. 8, at half-past twelve, and Jan. 7, at eleven, at the
Court of Bankruptcy.
- George Smith Jewell, builder, Willow-walk, Bermond-
sey, Dec. 8, at three, and Jan. 12, at twelve, at the Court
of Bankruptcy.
John William Billson, bookseller, Leicester, Dec. 8 and
Jan 12, at half-past ten, at the Shirehall, Nottingham.
William Henry Duncan Aldridge, tailor and draper,
Great Bridge, Stafford, Dec. 10, and Jan. 8, at half-past
eleven, at the Birmingham District Court.

,
Simon Lucus, the younger, grocer, Digbetb, Birming.
ham, Dec. 10 and Jan. 8., at half-past eleven, at the Bir•
mingham District Court.

William Thompson, miller, Lichfield, Dec. 7, and Jan.
4th, at half-pasten ten, at the Birmingham District Coutt.
Johan Heinrich Theodor Stockmarr and Christian
Gottlieb Steudel (and not Stendel as before advertised).
merchants, Dec. 4, at half-past twelve, and Jan. 7, at
at twelve, at the Court of Bankruptcy.
George Bean, hosier, Cheapside, London, Dec. 2 and
Jan. 5, at 12 o'clock, at the Court of Bankruptcy.
James Warrener, dealer in fancy goods, Burlington Ar-
cade, Dec. 10 and Jan. 12, at one, at the Court of Bank-
ruptcy. _ _

tkl;vard H. Hahn and Herman Freystadt, cap manufac-
turers, Stamford-street, Dec. 8, at half-past two, and Jan.
12, at twelve, at the Oourt of Bankruptcy.
Henry Benjamin Mosely, dentist, Great Vine street,
Regent-street, Dec. 8, at twelve, and Jan. 5, at half-past
eleven, at the Court of Bankruptcy.

BANK OF J
An Account, pursuant to the Act
the Week ending on Wednesday,
19517 S DIP.

Notes issued

N.B. Of which two
millions are issued un-
der the authority of
the letter from the
First Lord of the Trea-
sury and the Chancel-
lor of the Exchequer.

423,259,145

Dated the 26th day of NoTemb;

ENGLAND.
7th and Bth Victoria, cap. 32, for
the 25th day of November, 1857.
'iItTNENT.

GoTernment debt.... 11,015,100
Other securities .... 5,459,900
Gold coin and bullion 6,784,145
Slyer bu11i0n........

1 £23,259,145
M. MARSHALL, Chief Cashier.
ler, 107.

BANKING D
Proprietors' Capital 14,553,000
Rest
Public deposits (in-
cluding Exchequer,
Commissioaers of
Nations' Debt, Say-
ing.' Banks, and

Dividend Accounts) 5,788,998
Other deposits ...... 14,9 M ,516
Seven Day and other

Bills .. : ... ........ 815,833

Government securities

(includg.DeadWeight
Annuity) .. • • 5,07,447
Other Securities 31,3.50,717
Notes ....... • ....
Gold and Silver Coin 479,527

£39,556,53 £39,556,531
MILESTIALL, Chief Cashier.
Dated the 26th day of Noy., 1857.

AVERAGE PRICE OF SUGAR.
The Average Price of Brown or Muscovado Sugar, com-
puted from the returns made in the week ending Nov.
24, 1837, exclusive of the Duties of Customs paid or
payable thereon, on the importation thereof into Great
Britain : s. d.
From the British Possessions in America 36 01

COURSE OF EXCHANGE.-THIS DIY.
•• 12 3 Gibraltar •• •• •• •• ••
Ditto, three months .. 12 3 Leghorn .•• •• 30 75
itotterdana ............ 12 3 ;Genoa . 26 40
Antwerp •• •• .• •• •• •• •• 35 90 'Milan •• •• •• •• •• •• •••• -
Brussels •• •• •• •• op* •• •• 25 S 5 Venice •••• •• •••• •• --
aamburgh ............ 13 141( Naples •• .• 413(
Altona •• •• •• •• •• •• •• • • Palermo •• ••
Par ••• • • • •••••• •• 25 55 ,Messina •• • ... 124%
Do. three months •• 26 * Lisbon ..
51ar:01es •• 1,1 •••• •• •• 26 10 ,Oporto ••
Bourdeaux ..•• ;Rio Janeiro..... .•• ...• -
Frankfort-on-Maine •• .. 122 Buenos Ayres •• •• •• .• -
Berlin •• •• •• •• •• •• •• •• 'New York,6o days' sight

VlO/11111 •• •• •• •••• • • •• •• 11 12
Trieste •••••e•• •• •• a • ••• 11 20

•./1,19,4
Philadelphia •• ......
PILICE9 OF BULLION, FEB OZ:

Petersburg ............ 33 Foreign Gold to Bars £3 17 9
Siadrid 47% Portugal Gold Coin .. 0 0 0
Cadiz ............... 48 IA ;Mexican Dollars .... 0 0 0

Barcelona ............
Seville..

New Dollars .....• 0 0 0
Silver iu bare ...... 0 0 0

NATAL AND MILITARY INTELLIGENCE.

The following changes have been made in the
disposition of the various dep its of the Indian re-
giments at Chatham garrison :—The 19th depot,
under the command of Captain L. D. H. Curri-,
from the huts-at Prince Henry's Bastion to St.
Mary's Barracks ; the companies of the 64th Re-
giment, under the command of Brevet Major W.
J. Chads, from Brompton Barracks to the huts ;
the 90th Light Infantry depot, from Chatham Bar-
racks to Brompton Barracks, in order to enable
the authorities to provide barrack accommodation
for the numerous recruits who are daily joining the
various Indian battalions at Chatham.
The Calypso, 16, was commissioned at Chatham
yesterday by Captain F. B. Moutresor (1851.)
An evening class has been established at
Brompton Barracks, Chatham, for the instruction
of the non-commissioned officers of the Royal En-
gineers in military drawing and fortification. The
c!ass, which is under the superintendence of Ser-
geant-Major J. Jones, R.E., numbers about 50
members.

The Persian, 12-gun sloop, Commander John H.
Chad 9 is ready at Sheerness for her compasses to be
adjusted.
_ _

The Heron, 12-gun sloop, from Chatham, com-
pleted the adjustment of her compaeget yesterday.
She is to be inspected to-day—her crow will be paid
their adyanee on the following day ; and her pre-
aunt orders are to leave SheerLe 53 on Monday next
for Portamou'll.

SUDDEN DEATH OF ADMIRAL BATEMAN.
We regret to announce the death of Admiral
iateman, which took place on Monday morning,
at his residence at Corston, near Bath. The de-
ceased, we understand, was in his usual health on
Sunday, and went twice to church that day. When
he retired to rest in the evening, be made no com-
plaint of being indisposed, but at half-past eight
on the following morning he was found, by his
daughter, Miss Bateman, lying dead in bed. From
the appearance of the deceased, there was no doubt
that he died from an attack of apoplexy. On Tues-
day an inquest was held on the body by Mr. Bruges
Fry, coroner, and a verdict of "Died from natural
causes" returned by the jury.
Admiral Bateman was born in 1776. He entered
the navy iu 1790 ; was in 1792 midshipman of the
Penelope, 32, Capt. Bartholomew Sam. Rowley, in
which vessel, when in company with the Iphigenia,
32, he took part, Nov. 25, 1793, off St. Domingo,
in a warm action of half an hour, which terminated
in the capture, with a loss to the Penelope of one
man killed and seven wounded, of the French 36-
gun frigate, L'lnconetante, Removing next to the
Boyne, 98, bearing the flag of Sir John Jervis, Mr.
Bateman, in 1794, witnessed the reduction of the
French West India Islands, and was slightly
w unded while employed on shore at the attack ou
Point--Pitre, Guadeloupe. He was promoted to a
lieutenancy, Oc-. 31, 1795, in the Scipio, 64, Capt.
Robert M`Douall, Francis Leforey, and Chas. Syd-
ney Davers, while under whom he participated in
the reduction of the Dutch settiement of Demerara,
and on that occasi.ln, as at the subsequent reduc-
tion of a Spani-h squadron near Trinidad, was again
wounded. Was second lieutenant of the Monarch,
74, at Copenhagen, when his captain, Robert Jas.
Mosse, was killed. Ho obtained hie commander's
rank April, 1802 ; served two years and a hall in
command of sloop, and was posted Sept. 25, 1806.
Hie subsequent appointments were, Sept. 25, 1809,
to the Scipion, 74, bearing the flag in the Bay of
Biscay of the Hon. Robert Stopford ; is the course
of 1812, to the Revenge, 74, flag-ship of the Hon.
Arthur Kaye Legge ; and Stately, 64, off Cadiz,
where, on becoming senior officer, be effected the.
dismantlement of the English dockyard ; and April'
12, 1813, to the Impetueux, 74, which ship he
brought home and paid off in the following June.
His advancement to flag rank took place Nov. 23,
1841, but not having served the whole of the pre-
scribed time as a captain, ho was placed on the re-
served half-pay list.

A meeting of creditors of Messrs. J. and A.
Dennistoun and Co., of Glasgow, with branch
houses at Londont Liverpool, New York, and New
Orleans, whose suspension was announced on the
7th inst., was held yesterday, when a statement of
affairs was submitted by Mr. Coleman, the ac-
countant. I,lr. Murray, their London solicitor,
made the ';ollowing ploposition on the part of
Messrs. Jpennistoun—namely, that the creditors
of the ',souses in Great Britain and the United
Stated to be paid in instalments—viz., 3s. in the
po-and on or before the 30th of Janu.ry, 1858,
?Is. on the 31st of July, 3s. on the 31st of De-
comber, 4s. on the 30th of June, 1859, 4s. on the
31st Dec., and 45. on the 30th June, 1860, with 5
per cent. interest on each instalment ; and that the
creditors through the Australian house should re-
ceive 6s. Bd. in the pound on the 30th Jan., 1858,
3s. 4d. on the 30th June, ss. on the 31st Jan.,
1859, and ss. on the 31st July, also with interest
at the rate of 5 per cent. After a short discussion
the proposition was passed unanimously.
A meeting was held yesterday morning of the
creditors of MesPirs. Edwards and Matthie, who
failed on the 17'.;ii inst., with large engagements in
the colonial produce trade trade, but there rppoaas
to be a desire to conceal the facts of the case, and
no particulars have been obtained. It is said, how-
ever, that a resolution was adopted to wind np
under inspretion. At the time of suspension the
liabilities of the firm were rumoured to amount to
300,000,. or 400,000 i., and they were alleged to
have obtaiued large advances on warrant.
Thcze were no further failures in London yester-
day, and efforts are still being made to resuscitate
o ne or two of the houses connected with the trade
of the north of Europe which have lately sus-
pended.
'1 he advines from Hamburg mention the follow
ing failures :—Mr. TB. Roosen, jun., Messrs. Mul-
ler and Kessler, My. J. Muller, Mr. Gob. Ruben,
and _Messrs. E. Thii 1 and Co. Some measures just
adopted. however, 'by the leading mercantile houses
hid greatly assi.attel in restoring confidence.

VIE SUN, LONDON, FRIDA Y EVENING, NONE 1113 ER 27, 1857

RAILWAY INTELLIGENCE.

GREAT NORTHERN.

The following further report of the directors will
be presented to the half-yearly ordinary general
meeting of the proprietors, to be held by adjourn-
ment at the London Tavern, on let Dec. next :
"In the report issued on the 21st August last the
directors duly published a scheme showing the profits
of the company since the preceding half-yearly meeting,
at which a dividend was declared,' (as the Companies
Clauses Act requires), after retaining the whole earnings
of the last half of the year 1856; 243,9231. 53. Bd. This
sum has been appropriated by the Act of Parl►ament of
this year, to repurchase the amount of the stocks frau-
dulently created and issuediby Redpath and to repay all
expenses incurred by the company by reason of his
frauds and forgeries. Particulars of the expenditure of
the 243,9231. ss. Bcl., and of any amount that may be
recovered from Redpath's estate, will be published after
the completion of the purchase of the fraudulent stocks.
It is expected that this account will be ready by the next
half-yearly general meeting.
"The amount of such profits now to be divided is
183,276/. 15s. Under the recent decree of the Court of
Chancery it is only competent for the meeting to declare
a dividend on the footing of paying thereout to the pre-
ference stockholders a full year's dividend, which will
be 168,125/. 65., leaving 15,1511. 9s. to be divided
among the holders of original stock, including the A. and
B stocks. This will yield a dividend of 6s, per cent. on
the original stook, and therefore of 12s. per cent, on the
B stock, and none on the A stock, leaving a small balance
to be carried t) the next account.

"The great majority of the proprietors will, no doubt,
be much disappointed at this result of the legislation and
litigation of this year. The directors can only say they
have done their best to carry into effect the resolutions
of the meetings of March and July last. It is not their
fault that the bill was drawn so as not properly to express
the declared intention of the company, and of the coin•
mittees of both Houses of Parliament, who unanimously
adopted it in the belief that they were thereby making
all classes of shareholders contribute to the loss caused
by Redpath'a forgeries ; an intention which the Lord
Chancellor said in his judgment might reasonably have
been entertained by Parliament, 'as the whole act was
a compromise' between the different classes of share-
holders, who were all reduced to an equal difficulty ;
only it had not been clearly expressed.
"Nor was it the direr ore' fault that after this defect
bad been discovered and amended in the House of Lords,
the House of Commons was induced to disregard the
opinion of their own committee, who had heard the case
fully argued, and to defeat the compromise unanimously
adopted by the committee of each house, by retaining
this technical defect in the

"The decision will no doubt seriously affect the re-
lative poition of the different classes of shareholders
is many companies, by giving a new and unexpected
value to what have been hitherto called preference
shares, and effacing the recognised distinction between
these and guaranteed shares. Fortunately, however,
this part of the decision is not likely to have
any practical effect on the proprietors in the Great
Northern Railway Company, since but for some such
extraordinary calamity as that which produced all this
confusion, there would probably never have been occa•
sion to consider whether the preference stocks are en-
titled to arrears of dividend or not.

it has been already stated that the plan of registration and
signing of dividend warrants of the company was origi-
ginally founded on that pursued by the London and
North-Western ; and in consequence of the discovery
made at the expense of the unfortunate proprietors of
this company, all the others have already made alts•
rations in their systems, more or less radical and
more or less complete. It is probably impossible to
invent any system of checks which can be relied upon
as a complete protection, where the fraud of one party
is helped by the collusion of some and the negli•
gence of otherr. It is only after long experience and the
discovery of most unexpected modes of fraud that the
Bank of England ar,d the Exchequer-bill Office have
arrived at their present system, which, after all, can
only be pronounced perfect until some new Fletcher,
Redpath, or Smith demonstrates its imperfection. But
the directors hope that the plan which will be hencefor-
ward pursued in this company will, at least, de all that
can be done to anticipate any conceivable fraud being
carried on without being speedily found out."

" After all, the original shareholders must remember
that the result of these proceedings, however unfairly
brought about, is only equivalent to that which was
contemplated by the bill first introduced by the directors
and stopped by Lord Redeedale, which would ultimately
have thrown the whole loss on the ordinary stock, by
capitalising it at their expense. The directors sincerely
regret the distress which has been occasioned to many of
the proprietors by the refusal of one House of Parlia-
ment (or the person who exercises its authority) to allow
that loss to be made easy by capitalising it, and of the
ether to sanction the compromise by which the payment
of the whole out of one half-year's income was agreed
to on the condition of all parties contributing to it.
" The directors venture also to remind the proprietors
that no good can now be done by further complaints.
" At the last two or three meetings of this company,
language has been used from which a stranger would-up-
pose that the shareholders had been brought to the verge
of ruin and deprived of all hope of a fair diric'eud ter
year' to come.

MANCHESTER, SHEFFIELD, AND LIN-

"It is true, that, as usually happens, the greatest
noise has been made by those who suffered leas.
" Bat the pr.( frreace shareholders who denounced the
directors for delayicg their dividends of 2/. 103., 21,, and
11. 4i., until the most important railway question that
has ever been tried could be fully beard and decided,
have evidently been encouraged in this course by finding
themselves in a majority of voices, though always in a
minority of vote,, even without the proxies; still a ma-
jority can in the first instance carry anything and resist
anything, as there are no means of counting the votes
without the tedious process of a poll on every question,
" If the peaceful and rational majority of the proprie-
tors think the character of the company worth preserving
and that the time is corn. to make an end of the business
which has caused so much ill-feeling, it is neither pru-
dent for theinselve.4, nor fair to those who have had to
fight their battle for them, to leave their opponents in
even apparent command of the meeting.
" It is impossible to foresee what course may be taken
at the apprJacibirag meeting by these who have created
the disturbance at the last two.

" But the time is conaing when no company will get
persons of character to serve them as directors if they
are to be insulted by their eonetituents whenever they
meet them publicly, and not even allowed to make the
speeches necessary to conduct the business without in-
terruptions. If the proprietors think their business
wou'd be better done by such persons as those who
usually distinguish themselves by imputing the worst
possible motives to the present directors in all their acts,
it is emy for them to say so, and as soon as that opinion
is deliberately expressed it shall be immediately acted on,
" But they must make their choice, and the proceed-
ings of the ensuing meeting will probably be taken to
indicate that ch,ice in one way or the other.

" The proprietors are reminded that among the busi-
ness adjourned, is Mr. Greening's vote of censure on
the directors, which is necessarily connected with the
consideration of the report of Me?ers. Giesler, Malins,
and Waters, three members of the late committee of
inquiry on the same subject, to which the directors now
therefore publish their answer and send it herewith.'

The Great Northern boardhave issued what they
term " The Answer of the Great Northern Railway
Board to the report of the Committee of Inquiry."
The only really important portion of " The An-
swer" is the following, in which it will be seen that
the directors persevere in their determination to
throw the blamo of the Redpath forgeries on Mr.
Olark, the late share registrar of the company.
" The committee are perfectly aware (though they do
120,5371., while Redpath
was
tnhoat
ts t
taht
ee
fi
et ,r
gbeorti
eleave
reachit t
eb
de
only a clerk under Mr. W. picked out of documents)
Clark, the then
H.
registrar, and that the largest amount of forgeries in any
half-year was committed in the one just before Mr.
Clark's. resignation. Yet, so far was that gentleman from
even then discovering that he had this enormous and
constantly-increasirg amount of forged stock in his
books, that (es he ackno sledged to the committee)
he was only ' informed a few weeks before he left that
there were some comparatively trilling discrepancies
So trifling, indeed, did they appear to bim, that be again
cer:ified the rester to bee erect, for the 13th time eioce
the forgeries began, and left a letter behind him staing
that. everything in his office would be fretted correct.
"It miebt have occurred to them (the committee) to
inquire how far the reei4ration system of this company
had been copied from others of greater capital and expo
rience, and ales how far the non-discovery of the frauds
was due to any system estadlirhed or sanctioned by the
directors, and how far to the mode of working it. They
have indeed reported emphatically enough, that the
secretary signed the dividend warrants without examina-
tion, and veiliout even rioting the amount ; no that if he
had been required to state on the following day what
sums he bad drawn from the banker, there was no re-
cord to give the information.' But they never ae'eed a
single question rtee to the directere'knowledge or sanction
of tbat practice ; and have so stated the matter es to
lead any one to infer that the directors had invented or
sanctioned a system by which any amount of false or
excessive dividend-warrants might be sent to the secre-
tary for signature, without the possibility of his disco-
vering the 5ZC13.15.
t, With equal disregard both of the facts and the law,
they try to connect the forgeries with the use of the
secretary's stamped signature, not on the dividend-
warrants, but on the stock and transfer certificates ;
whereas there is not the smallest proof that the over-
issues would have been more difficult if the signature
had been printed beforehadd, se the committee know
that it is in other companies. Their statement that the
secretary's signature was requisite to make the transfers
valid in this company is in direct contradiction or con-
tempt of Sir Fitzroy Kelly's opinion, and Mr. Rochfort
Clarke's, and of Mr, Justice Willes's declaration on
Redpath's trial, of which opinions Mr. Giesler and his
co-reporters cannot pretend to be ignorant, as they have
all been published in the company's reports.
"It is remarkable that with all their desire to throw
the blame of this calamity upon the directors, the com-
mittee have not ventured to specify a single thing which
the directors ought to have done to prevent it. If
their general insinuations have any defini.e meaning, it
can only be that the directors ought to go through the
work of .every department over again themselves, in
order to be sure that the auditors, the accountants, the
secretary, the registrar, and their respective clerks, and
indeed every officer and servant of the company have all
kept their proper checks upon cede other. If the com-
mittee meant anything of this kind, they had better have
said so distinctly, or at any rate have said what they do
mean. Fur even as regards the future, the shareholders
are requested to observe that if their Protection against
similar frauds is to depend upon any improvement in the
system, or any new mode of control, recommended by
this committee, there is no reason why the frauds should
not begin again next year ; for they have done absolutely
nothing towards suggesting any
specific improvement or
alteration whatever ; they have added nothing to the
information possessed by the public long before their
report came out ; they have elucidated nothing. except
their own incapacity for dealing with the setject they
professed to investigate.
" But although the committee who were specially
appointed for thispurpose have failed to point any speofic
defect, or to make any specific suggestion, and have left
the matter exactly
as they round it, the directors have
done otherwise. They have teen favoured with informa-
tion from nine of the principal railway companies Re to
them,the systems previously in use with the, and the la 30( c 1, a
cations made by them since the discovery of Redpath s
fraud. It appears that there is not one in wiesch freud of
the same kind might not have been committed and gone
on fur a considerable time with being discovered. Indeed,

directly afterwards traced to the shop of Allen, in
Bath-street, Ne vvgate-street.
The jury found them both guilty, and Coward
having been before convicted, was sentenced to 18,
and Allen to 12 months' imprisonment.