The Sun.
London, England, 1857-02-24 00:00:00

MEETING THIS DAY.

The general meetag of the proprietors of this under-
taking was held this afternoon at the London Tavern,
Bishopsgate-street; Mr. .1. N. Daniell, Esq., in the
chair.

The report and accounts, which had been already pub•
lished in The Sum, wen taken as read.
The CHAIRMAN, in moving the adoption of the report,
said it gave an account of the railway from the com-
mencement to the prent time ; and he considered that
the result had been very satisfactory, when they recol-
lected the whole of th 3 line had not been worked more
than six months. Tle directors were doing all they
could to make Southend a favourite place of resort.

Mr. NELSON seconded the motion.
After some discussion the report was received and
adopted.
A SHAREHOLDER asked when the Barking Extension
would be opened ?
The CHAIRMAN said it could not be opened till the
Autumn.
A resolution was then submitted to the meeting and
agreed to, converting or consolidating the shares known
as " Barking Extension Shares," and "New Shares, first
issue," in rasp( ct whereof the whole money suhecribcd
shall have been paid up into a general capital stock, to
be divided amongst shareholders according to their re-
spective interests therein.
A resolution was passed empowering the Eastern
Counties, and London and Blackwall Railway, and the
London, Tilbury, and
Southend Company to raise
50,0001. for completing the Barking extension.
After the transaction of some other business the
meeting separated.

LAW INTELLIGENCE.—(T s Day.)
COURT OF EXOREQUER•
hi
(Before the Lord Chief Baron and a Special Jury.)
THE TIPPERARY BANK--GINGER V. LAW.
Mr. H. Hill, Q.C., and Mr. Milward appeared for the
plaintiff ; Mr. Edwin James, Q.C., and Mr. Hannan for
the defendant. This was an action brought by the
plaintiff, a farmer near Hemel Sempstead, against the
defendant, one of the Directors of the London and
County Bank, to recover damages for having been in-
duced by the defendant's representation to purchase
forty shares in the Tipperary Bank at 121. 10s.
per share, It appeared from the statement
of the learned counsel, that in May, 1855, the
plaintiff was applied to by Mr. Harris, the local manager
of the London and County Bank at Hemel Hempstead,
to become the purchaser of these shares, he representing
by the prospectus that the capital of the bank, consist-
ing of 10,000 shares, amounting to 500,0001., were paid
up, and showing also that the dividend paid was 6 per
cent., and that if the plaintiff purchased the shares be-
tween the months of April and June he would be en-
titled to theaccrning 6 months dividend. The plaintiff then
declined to become thepurchaser, but he was subsequently
applied to to become a purchaser by Mr. Fabian, also a
local manager of the London and County Bank, at
Leighton Buzzard, upon the additional representation
that Mr. Law, one of the directors, and also the late
Mr. Sadleir, both directors of the London and County
Bank, represented that the Tipperary Bank was a most
flourishing and lucrative concern. Ultimately the
plaintiff purchased 20 shares, 10 from each of the above
local managers, at a premium of 21. per share, they
having been represented to him as paid up shares, that
the plaintiff would be entitled to the dividend on them,
and also to a bonus of 3/. per share in the following
year. The plaintiff afterwards received what was re-
presented to be a transfer of the shares, signed by Mr.
J. Austin Ferrall, of Alauntjny place, Dublin ; and
also certificates signed by John and James Sadleir, and
a Mr. Keating, certifying that Mr. Ferrall was the
owner of the paid-up shares. the plaintiff never heard
anything more of the matter till the death of
John Sadleir, when the frauds in connection with this
bank were discovered, and the plaintiff then ascer.
tained that the shares he bad purchased were fictitious,
as well as the transfers, and that Mr. Ferrall was a
clerk in a wine merchant's office in London. The
plaintiff had since been involved in litigation in Ire-
land, but he had so far succeeded that he had been
declared not to be a shareholder of the bank. The
prospectus produced to the plaintiff by the local ma-
nager, dated Cornwall, it had been discovered, was drawn
up by Mr. Law and the late Mr. Sadleir, and printed in
London, and that it appeared that Mr. Law was in the
habit of conducting the business with Mr. Sadleir. The
whole of the money for the shares and the stamps, it
was stated, passed through Mr. Law's hands, who re-
tained the amount of the stamps and 11. per share, Mr.
Ferrall being paid 153. per share for signing the transfer.
Evidence was then taken to substantiate the statement
of the learned counsel, and to show the nature of the
frauds connected with the bank, which was of a similar
character to that which has already been published.
The defence was that Mr. Law had been made the tool
of John Sadleir.

[We shall give the continuation in our last edition.]

COURT OF BANKRUPTCY.
(Before Mr. Commissioner Holroyd.)

RE CARPENTER.

This was an examination meeting under the estate o
Richard Carpenter, of the Museuin Tavern, Bloomsbury,
licensed victualler.
The accounts commence in December, 1852, and end
January last, showing these figures—Creditors, 2,3861. ;
secured, 4,646/. ; profits, 3,6421. ; property, 7201, ; do.
creditors, 4,8681. ; trade expenses, 2,5701. ; house,
1,2561. ; losses, 1,2041., including loss on the leases of
the " Museum" and " Blue Cross" Taverns ; deficiency
at commencement, 1001.
There was no opposition, and the bankrupt passed
accordingly.

FAILURES OF ERITISH DANE SHAREHOLDERS.
(Before Mr. Commissioner Fon'blanque.)
IE RE GODDARD. _ _ _

This bankrupt was described as of Old Jewry, Fen-
church-street, and Aldgate, provision-dealer, and to-day
was appointed for his last examination.
The balance sheet, prepared by Mr. J. D. Powell,
Basinghall-street, shows—Capital, Ist Jan., 1856,
3,3911. 93. 6d. ; debtor to creditors, 173/. ; to ditto hold-
ing security, 8111. 193. 11d. Liabilities, 2,7001. ; pro-
fits, 1,808/. ; creditor, by good debts, 1,102/. ; property,
1,3881. ; lasses, 7501. ; law expenses, 1091. ; trade ex-
penses, 1,264/. The liabilities were on shares of the
Royal British Bank, and the losses were on shares and
depreciation of property under forced sale.
The bankrupt passed, the official assignee and trade
assignee expressing their feeling that it was a very hard
case on the bankrupt.
IN BE BURCH.
This bankrupt was described as of Back-hill, Hatton.
garden, last maker, and to-day came up for his last
examination.
The balance-sheet by Messrs. Rayon and Son, Moor-
gate-street, shows—Capital, January, 1853, 1061. 145.,
and the only creditor is for 901. money borrowed on the
Royal British Bank, but the good debts and property
have already realised more than that amount, and the
only liability is 1001. calls on two shares of the Bank.
The bankrupt passed without opposition.