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

TO THE EDITOR OF THE DUBLIN EVENING POST.

"Paris, May 8, 1857.
" Sir,—l observe in your publication of the 30th ult.
a letter from Mr. James Scully, in which he states-4I
never bought any shares in so rotten and cursed a
concern ; those I had were derived through
adminis-
tration to my father, and which I often desired to
get rid of, but was always informed that the bank
would never purchase any shares from any person ;'
he also states—' Mr. James Sadleir was the only
director remaining in the bank.' This a mistake ' • Mr.
James Scully was a shareholder in the Tipperary Joint
Stock Bank long before the death of his father ; he was
offered to be appointed director in 1848, after the death
of his father, but declined in favour of Mr. V. Scully,
who then agreed to act as director, being considered a
gentleman of superior legal knowledge, and would be
of great benefit to the institution. I never heard
of the bank purchasing its own shares. Mr. James
Scully had always sixteen days' notice of each annual
general meeting, and a private letter from me to at-
tend the last meeting of threhank ; he was never more
than one hour distant from it ; he had at all times full
facility for any information he wished from the directors
or officers of the bank—all books and documents open
to him ; he bad always an overdrawn account of over
2.000/ , which the directors considered him good security
for. I am sorry my two brother directors did not
dive me a hint, at all events, when they were leaving;
if they did, it would, I have no doubt, have saved
creditors and shareholders from very heavy loss. We
continued on friendly terms, had no difference of opinion
as to the management of the bank ; but I suppose Mr.
James Scully considers I should have gone with them,
taking all I could with me ; I will leave that to the
creditors to judge. When they had left, Mr. John Sad.
lair and Mr. Keating agreed to act as directors, having
the largest interest then in the bank as shareholders,
and Mr. Keating signed all certificates for shares, &c.,
and was ready and wiling to discharge all the duties of
director till Mr. John Sadleir's death—then he was not
director at all. I could not see two better persons then
connected with the Tipperary Joint Stock Bank to act
as directors, from their great experience in connexion
with one of the most respectable institutions in London.
I also mentioned to Mr. F. Scully as to his becoming a
director, as Mr. Kennedy had left the bank, and he
agreed to do so from the let February, 1856.
" I now take this opportunity of just asking what is
Mr. James Scully's case worse than mine ? lam re-
quired to pay up calls on shares, the greater portion of
which were the property of the late Mr. John Sadleir,
placed in my name as his trustee temporary, a very short
time before his death, a large portion of which no trans.
fer was ever executed for, legal or illegal. I never owed
the bank or any bank a shilling, but always had a con-
siderable sum to my credit in the Tipperary Joint Stock
Bank, and during the run 5,0001. due to me, which I
might have drawn out or even after Mr. John Sadleir's
death. I never had. any connection, directly or indi-
rectly, with any one of the numerous speculations Mr,
f oho Sadleir appears to have been mixed up in, or any
other •speculations. From that moment I discovered in
London, late in 1855, the extent of the land transac-
tions he was mixed up in, and railways in England,
France, Germany, Sweden, Switzerland, and Italy, I
denounced him in the strongest language I could for
having allowed himself, under any circumstances, to be
engaged in so many undertakings, though I had the
strongest assurance from himself, and some of hie friends,
that 1 irge and immediate payments were to come to him
from each undertaking ; and I have got the sums in a
return given to me that were to come from each.
From all the information I could collect a short time
before his death, from himself and some of his friends,
I was fully satisfied the wont was over, and that he was
fast getting out of the temporary difficulties he had got'
into, and tbat he would have a considerable surplus
after paying all debts that I bad any knowledge of.
"You also state, in your publication of the 30th ult.,
that' Mr. V. Scnlly was to receive 7.000/. for his shares
from Mr. J. Sadleir, payable in 1857; the shares to be
transferred to Mr. Keating.'
"I beg to state I never had anything to say to Mr. V.
Scully, directly or indirectly, as to his shares, nor did I
ever owe him 6d., nor did I hear a word of his agree-
ment with Mr. John Sadleir and Mr. Keating till Mr.
Keating showed me the document in London a consider-
able time after it was executed. I also beg to state I never
read any one clause in the new bank deed, got up in
1842—never saw it in the bank or elsewhere, since,
I signed it in 1842. I then stated most distinctly
I would not continue to be responsible for the work-
ing of the bank alone, if extended, but that I would
assist to the best of my ability if other competent per-
sons were appointed to act with me, but that I would
not continue to give my whole and entire time to it—as
I did the three years previous to 1842. I state nothing
here but what can be proved, and I trust in justice, you
will not object to publish this letter.—l am, sir; ti • your
obedient servant,

" JAMES SADLEIB."

RAILWAY 'TRAFFIC RET URNS.

LONDON AND SOUTH-EASTEM RAlLWAY.—Traffic re-
turn for the week ending May 9, 1857 216,916 ,8 3
Corresponding week last year

Increase in 1857
LONDON, BRIGHTON, AND SOUTH COAST RAILWAY.—
Traffic return for the week ending May 9,
1857...
Corresponding week last year 12,726 8 2
Total of the half-year to this date, 1857 221,503 11 10
Total of the half-year to this date, 1856 215,413 14 11

--
LONDON AND NORTH-WESTERN RAlLWAY.—Traffic
return for the week ending May 10,1857 —265,054 0 0
Corresponding week last year
GREAT NORTHERN RAlLWAY.—Traffic return for the
week ending May 3, 1857 £21,541 3 0
Corresponding week last year 20,603 7 2

CHESTER AND HOLYHEAD RAlLWAY.—Traffic return for
the week ending May 10, 1857 £5,298 0 0
Corresponding week last year ' 5,192 0 0

Increase in 1857 . - £lO6 0 0
LANCASHIRE AND YORKSHIRE RAlLWAY.—Traffic re-
turn for the week ending May 10, 1857 £23,418 15- 11
Corresponding week last year 22,318 2 10
CORK AND BANDON RAlLWAY.—Traffic return for week
ending May 9, 1857 £349 10 4
Corresponding week last year 290 13 4
GREAT LIIXEIWBOURG RAlLWAY:—Traffic return for the
week ending May 10,1857; £906 7 1
Corresponding week last year 556 1 4