The Sun.
London, England, 1868-09-29 00:00:00

itMORNING and EVENING DRAUGHT.
LAMPLOUGH'S PYRETIC SALINE is most agreeable
and efficacious, preventing and curing fevers, skin complain's,
and inflammation. It instantly relieves the most intense heau-
ache and thirst, and if given with lime-juice syrup is a specific in
gout and rheumatism.-113, Holborn-hill, London, E.C.

L 121117 ED LIABILI2 Y.

(From the Anglo-American Times.)

The affairs of the Royal Bank of Liverpool were
discussed at a meeting this week, when a state-
ment prepared by one of the committee of investi-
gation was set aside, on the intimation that if pub-
lished it might involve an additional liability of from
£50,000 to £lOO,OOO and necessitate another call.
The question for the shareholders was whether
they should lay aside their just feelings of indigna-
tion and save themselves from further loss, or punish
the directors at the expense of another call. It
is very evident that the law must be in fault which
admits of men being placed in such a position. The
question they had to decide was whether they should
expose and punish guilt,vindicate the majesty of the
law, and protect society from the most dangerous
classat a heavy personal outlay.N aturallythe decision
was in the negative; and additional force is thereby
given to the now notorious fact, that men who
break down a trading corporation by dishonest
management have nothing to fear, if they so mani-
pulate matters that the exposure will injure the
shareholders as well as themselves. The Royal
Bank of Liverpool is one of many instances, and it
is high time that the matter should be taken up in
Parliament, and decisions on such questions be re-
moved from men so unfairly placed. The real
question, stripped of verbiage, was whether they
were to compound a felony ; and nothing can
more clearly show how much the law requires
revision than that such a scene could have been
enacted in the greatest trading town of the Em-
pire. British statutes were intended to guard so-
ciety when in a state totally different from the
civilization of the present day. Violence, burglary,
and robbery on the high road were the dangers at .
the time dreaded, and naturally when enacted the law
was directed against those held to be the most danger-
ous classes. But times have change I, and a DICK
TuRFIN or a PAUL CLIFFORD now take their places
at the head of boards of heavy respectability as
managing directors. These are now as ever the
truly dangerous class, for they are a great deal too
clever to remain under that great clumsy vehicle
the law while they can nimbly step up
and take a scat on the top. Why, they
make the law carry them—everything they do
is in accordance with law ! They have the
statutes at their fingers' ends, and the men they
have swindled are those who find themselves en-
tangled in the meshes of the law, weighted with
liability and forced to eat humble pie. One of the
curious sights that may be seen at a dozen different
places any day in London is a ruined wretch on
his knees, begging mercy from the very men who
have swindled him out of all that he possessed. He
has come to the end of his means without coming
to the end of his liabilities in such concerns as the
Royal Bank of Liverpool, and it remains for
those who have lied—shamefully lied—to treat
him at their discretion. What is required is a
Public Prosecutor, more especially to investigate
cases of bankruptcy and to drag into the light such
instances of fraud. If directors were made respon-
sible for dishonest or culpably bad management, and
liable to the utmost extent of their means, we would
not have these sickening cases which have spread
such horrible suffering over the empire. Further,
that nothing should be permitted to be termed
Limited where a greater liability remained than the
amount of capital called up. It was through the
deceptive use of this term that so many thousands
of thoughtless people were engulphed in ruin. In
November the case against the directors of OVER-
END, GURNEY and Co. will be tried, and we
believe that the property of the late Mr. GIBBS
has been attached pending the decision. Should
it be given against them, it will doubtless be de-
plorable to see five or six wealthy families plunged
into poverty. We realize this because we see it—
but we cannot realize the suffering spread over the
land by the failure of the company, unless we
have before our eyes an individual instance. This
want of appreciation, and the sentiment caused by
what we do see, is inimical to the impartial admini-
stration of justice. Mr. WILKINSON'S suffering in a
convict's cell excited in many minds a lively sym-
pathy, but what was the sympathy among the same
people for the numberless families ruined by what
they were pleased to call his mad management of the
Joint-Stock Discount Company. Besides the settle-
ment of the OVEREND-GUIINEY question, we hope
that the commissions paid to the directors of some of
the finance companies on profits erroneously calcu-
lated and never realized, will also be decided. The
constitution of Parliament precludes, we fear, the
certainty of any strong measures of repression in
this direction, but a pressure must be brought to
hear which the Commons will be unable to withstand,
and we sincerely trust that we have seen the end of
such scandals as the framers of commercial law
being the leaders in concerns which have brought
disgrace on the English name.

LIBERATION OF IRISH POLITICAL CONVICTS.--The
Irish Nation states that two of the political prisoners in
Australia, Patrick Doran, convicted with General Burke
for high treason in 1867, and Daniel Moriarty, of Mallow,
have been discharged, on condition of not returning to
their native land ; and that within the last ten days
Michael Stanley, who, since February, 1867, has been im-
prisoned in Millbank and Portland, has been uncondi-
tionally released.
The American Jews in Frankfort have erected
and dedicated lately an American Synagogue. Dr. Stein
is the rabbi.

The enthusiastic meeting lately held in the City
Hall of Portland, Maine, was addressed by Mr. Ingersoll,
of Illinois, Lieutenant-Governor Woodford, of New York,
and Senator Conness, of California.
Postmaster-General Randall is in New York at
the Astor. Mr. and Mrs. W. J. Florence returned to New
York, from Europe, in the steamship Scotia, on the 9th
inst., and are at the Metropolitan Hotel. Among the arrivals
in that city are Montgomery Blair of Maryland, at the New
York Hotel. The Hon. Frederick W. Seward, Washing-
ton ; General Henry A. Barnum, Syracuse ; W. R. Hamil-
ton, President of the P. and R. I. Railroad, Illinois; and
General Cross, White Plains, at the Astor House. The
Hon. F. E. Woodbridge, M. 0., Vermont; the Hon. Wm.
Windham, M.C., Minnesota; General John C. Dent, St.
Louis ; Judge E. H. Durrell, New Orleans ; General C.
W. Darling, Albany ; Colonel H. S. M'Comb, Delaware ;
Oliver Ames, North Easton, Mass. ; and Eli S. Shorter,
Alabama, at the Fifth Avenue Hotel. The Hon. J. V. I.
Pruyn, M.C., Albany, at the Brevoort House. The Hon.
R. S. Hale, New Jersey, and ex-Congressman Hubbell,
Coxsackie, N.Y., at the Hoffman House.
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