The Sun.
London, England, 1857-08-26 00:00:00

LONDON, WEDNESDAY EVENING, AUG UST 26, 18b7.

PARLIAMENTARY DIVISIONS.

HOUSE OF LORDS.—Aua. 24.

DIVORCE AND MATRIMONIAL CLAUSES

BILL.

Mo►ed that the Commons' amendments be now taken
into consideration (the Lord Chancelloi) ; objected tn,
and an amendment moved, to leave out " now " and
insert " this day six months" (the Lord Redesdale).
On question that " now" stand part of the motion ?
Content', 46 ; Non• Contents, 44.

CONTENTS.
Cranworth (Lord Portsmouth Dacre
Chancellor) Shaftesbury Dartrey
DUKES. Sunik & Berkshire Do Manley
Cambridge VISCOUNTS. Denman
Somerset Hardinge Foley (teller)
Wellington Hutchinson Glenelg
MARQUISES. Sydney (teller) Grauard
Lansdowne BISHOP. Holland
Towshend London Howdei
EARLS. LORDS. Hunsdon
Abingdoi. Boyle Overstono
Clarendon Brodrick Panmure
Dude Byron Portman
Fortescuo Calthorpe Rivers
Granville Camoys Stanley of Alderley
Hanle gton CAM pbell Sundridge
Harrowby Clandeboya Wycombe
Munster Cougleton
.NOT CONTENTS.
DUKE. Puwis Boners
Norfolk Romney Boston
Meaquisss. Talbot Clifton
Bath (teller) Vane Monteagle
Salisbury Verulam - Petre
Winchester- VISCOUNTS. Polwarth
EARLS. Dungannon Raglan
Amherst St. Vincent Rayleigh •
Beauchamp Bisnors. Redesdale
Ruck ii,ghamshire Chichester Sheffield
Carnarvon Lincoln . Southampton
Cottenham Oxford . St. Leonardo
Dartmouth Rochester ' Tenterden
De La Warr Salisbury Truro
Hardwicke Loans. Walsingham
Leven and Melville Bagot Wyuford
Nelson (teller) Bayning

JanL

Clause 25, p. P, line 31. Moved to disagree to amend-
ment " or of adultery committed in the conjugal resi-
dence" (the Lord St. Leonardo. On question whether
to agree ?—Contents, 27 ; Non-contenta, 44.
CONTENTS.
Cranworth (Lord Suffolk do Berkshire Dartrey
Chancellor) VISCOUNTS. Denffian'
DUKE. Hutchinson Foley (teller)
Wellington Sydney (teller) Bowden
MARQUIS, Hunsdon
Townshend Bislior, Panmure
EARLS. Rivers
Stanley of Alderley
Strafford
Snndridg•
WyLombe

London
Ducie LORDS.
Fortescue Camoys -
Granville Clandeboye
Harrowby Congleton
Portsmouth Dac.e
NON-CONTENTS,
DUKES. Powis Caltborpe
Norfolk Rornney Churchill
Somerset Shaftesbury De Manley
MARQUISES. Talbot Monteagle
Bath (teller) Verulam Petro
Salisbury VISCOUNT. Polwarth
Winchester Dungannon Portman
EARLS. BISHOPS. Rayleigh
Amherst Chichester Redesdale
Buckinghamshire Lincoln Sheffield
Carne von Rochester Southampton
Cottenharn LonDS, St. Leonardo
Dartmouth Bayning Tenterden
Be La Warr Bernars Truro
Hal dwicke Boston Walsingham

Harrington
Nelson

Boyle
Brodrick

Wynfui:d (teller)

AQUATICS.

TOWER OF LONDON 39Ta ANNUAL
REGATTA.

This old-established annual regatta, which has been
for many years under the management of Robt. Callan),
came off yesterday, for a new boat and other prizes, sub-
scribed by the ladies and gentlemen of the vicinity. The
racing was in four heats, and a vast number of people
came together to witness it.

FIRST HEAT.

George James . (Pink) 1
George Murgitroyd (White) 0
John James (Green) 0

The race lay between the Custom-house and St.
Katherine's-dock buoy, twice round in each heat.
White and Pink were scull and scull to the first turn,
wnen the winner went aneao, witiutug
and Green made a good race throughout.

and third. After passing the judge's chair, Cinderella
broke two of her legs, and fell. Forster, her rider, was
fortunately unhurt.
The Wilton Cup of 100 soya in specie, added to a Handi-
cap Sweepstakes of 5 soya each. Two miler.
Lord Wilton's Bracken, 6 yrs, 7st 21b ...... (Cressweli) 1
Mr. Osborne's Game Pullet,l3 yrs, 5.t 131 b (Cballoner) 2
Capt. Gray's Greene tstl., 4 yrs, 7st
Mr. T. Parr's Van Dunck, 4 yrs, Tut 71b (G. Forster) 4
B_tting-6 to 5 agst Van Dunek ; 7 to 2 each apt
Greencastle and Game Pullet ; and 4 to 1 aget Bracken.
Won easily by a length ; same distance between the
second and third ; bad fourth.
The Stand Pla*e (Handicap) of 50 sous. Six furlongs.
Mr. D Alsworth's Skycutter, by Birdcatcber, 3 yrr,
7,t 411.' (Cballoner) 1
Mr. Wood's Pera, 4 yrs, 7st 13lb (Lomas) 2
Mr. Wright's Jane, 3 yrs, 6st 131 b (Pritchard) 3

Mufti and Janet Pride also ran.
Betting —6 to 5 agst Skycutter, and 4 to 1 each agst
Mufti and Jane. Won cleverly by halt a length ; three
lengths between the arc Ind and third..
The Maiden Plate of 5 soya each, 3 ft, with 25 added ;
three-yt-olds, 7st ; four, 84 slb ; five, 8411 lb ; six
and aged, 9-t; mares and geldings allowed 3.b. 1 mile.
Mr. T. Wright's Lazy Laes, 3 yrs .....(Pritchard) 1
Mr. Thompson na. Hindley, aged.... (J. Osborne) 2
Mr. Osborne's Singleton Cock, 3 yrs (Challoner) 3
Mr. Bartholomew's Ruinatiob, 4 yrs ...... (W. Fowler) 4
Bat ing.-2 to 1 on Lazy La's, and 3 to 1 agst Sin-
gleton Cock. Won easily by a length ; three lengths
between the second and third.
TUESDAY.
Bury Purse. Three-quarters of a mile.
Lot Three 1
Miss Hilton
-.3

Cult by Annandale out of Latona
Stewards' Cap. One mile.
General BAquet

- .
_Blacken
De Ginkel ....

Only these ran. Won easily.
Radcliffe Handicap Plate. Half-a-mile.
ffesperithusa

Game Pullet

Pere

Four ran.

ATLANTIC TEL CABLE.

temperature by which it was then surroueded produced,
as had been anticipated, a distinctly beneficial effect on
the electrical condition of the gutta percba. For a cable
of great length, necessarily limited to a single conductor,
we cannot suggest, on electrical or other grounds, any
improvement upon the form adopted by the company.
" We are, gentlemen, yours faithfully,
" WILDMAN WHITEHOUSE, Electrician.
" *S. F. B. Mons% Company's Electrician on
board the United States' frigate Niagara.
" THOMPSoN."

To THE DIRECTORS OP THE ATLANTIC TELEGRAPH

COMPANY.

" Gentlemen,—Sbaring as we do most fully with your.:
selves in the disappnintment produced by the recent check
experienced in the first attempt to lay the cable across
the Atlantic, we cannot, nevertheless, as Americans,
omit to leave in England some record of the many pleas-
ing recollections and feelings which have been evoked by
sojourning with our brethren on this side of the Atlantic.
"To yourselves we would express our admiration of
the earnestness of purpose and rectitude of in. entie n with
which you appear to us to be animated.
"Towards your countrymen. whose kindness and hos-
pitality during our stay in England has been so un-
bounded and so cordial as to win entirely the respect of
ourselves and the officers under our respective commands,
we entertain the warmest sentiment., and we would de-
sire to convey to them our best acknowledgments.
"We would 'especially also, and in the most hearty
manner, make mention of the very high esteem and re-
gard which the constant and agreeable intercourse we
have bad with Captain Wainwright, Mater-Commander
Noddall, Lieutenant Dayman, and all the officers of her
Majtsty's navy engaged in this service has caused us to
feel for them, and the great respect we feel in contem-
plating their talent and ability, and the never tiring
clergy they have severally displayed in forwarding
the work we have been engaged. in. Their frank
and cordial co-operation has b. en greatly instru-
mental in making the endeavour to establish an Atlan-
tic telegraph that which it really should be—a great
international effort.
"In respect to Lieut. Dayman, it is dua that in addi-
tion we should make special mention of the very great
advantage that has been derived to the enterprise by the
careful and admirable manner in which his labour of
making the soundings and running the circle sailing line
across the Atlantic has been performed.
" We can only, in conclusion, express our most earnest
and cordial hope that your great work, the perfect prac-
ticability of which (in spite of the temporary check you
have experienced) is now fully established, will be com-
pletely successful whenever your next attempt is made.
—We remain, gentlemen, your obedient servants,
"JOSHUA R. SANDS,
Captain of the United States' frigate Su: quehanna.
" WILLIA NI L. HUDSON,

•
Captain of the United States' frigate Niagara.
"Fenton's Hotel, London, Aug. 24."

* Inventor of the Morse system of telegraph so generally
used in America and on the continent of Europe. 3
1 Professor of Natural Philosophy, Glasgow College.

RAILWAY INTELLIQENCE.

GREAT NORTHERN.
The committee of shareholders appointed at the half-
yearly meeting of the company on the 12th of March
have issued their report. It is signed by Messrs. C. F.
Giesler, chairman, Wm. Maline, and E. T. Waters.
They state that they bad received every assistance which
the officers of the company had it in their power to give,
bosh as regarded furnishing accounts and the straight.
forward manner in which they gave their evidence.
These remarks apply not only to those connected with
King's-cross, but all the stations on the line visited by
the committee. The Redpath frauds are reported on
by the committee as follows :
" In consequence of the arrangement iu 1846 for the
constitution of the Great Northern Railway Company, by
joining two projected companies fighting for the bill to
autLoriae a line of railway from London to York, it was
agreed that the secretaries of the two companies should be
retained ; that Mr. Mowatt should continue the office of
secretary, and Mr. Clark should undertake that of regis-
trar. Shortly afterwards Leopold Redpath was engaged
as chief clerk in the registration department under Mr.
Clark. It appears from the examination of the registers
that the first fraud of 20)1. was committed between Feb-
ruary and August, 1818. The amount increased half-
yearly, until in August, 1850, it had reached the sum
of 16,875/. At this period, the shares being all paid up
or forfeited for non-payment of calls, the accountant ap-
plied to the registration department for a statement of the
capital to adjust the accounts. In answer to the applica-
tion, he received an answer from Redpatb, fixing the
amount at 4,808,2!51. ; and upon this he adjusted' his
account by the short memorandum furnished by Redpath,
eithout comparing his books with the registers. This
amount was increased in December, 1852, by a transfer of
212/. 10s. preference stock the original stock. making
the amount 4,808,4351. 15.
If at this period, or any other subsequent date, the
registers had been compared with the accountant's books,
the frauds must have bee's discovered, inasmuch as the
register presented to the shareholders for sealing at the
half-yearly meetings did not agree with the books of the
company, bat this was never done. As the capital in-
creased by the creation of the various preference stocks,
the frauds extended to them, and also to the guaranteed
East Lincolnshire stock ; having thus increased half-yearly,
as is shown by the examination of the registration, until the
fraudulent stock issued by Redpath amounted to 219,t321.
10s. This loss has been increase I by 21,294/. 6s. 91. for
payment of the dividends on the fraudulent stock, making
a total of 240,9311. 163. 91.
" In August, 1854, it appears that the warrants for divi-
dends which had been paid by the bankers exceeded in
amount the sum due on the various filli,cks of the company,
This fact was communicated to the aeditors by the ac-
countant, notwithstanding which the zegisters were not
checked, but a communication was ma le to Redpath on
the subject. who retorted upon the accountant that the
cause lay with him ; and still the auditors issued the half-
yearly certificate under their hands of the correctness of
the accounts, althomee thus warned that such was not the
case. The reason assigned by one of them was, he thought
it might create unnecessary alarm' if mentioned to the
shareholders. _ _

"The accountant had been aware of a discrepancy in
August 1854, but it was not until April, 1855, that it was
made known to the secretary, although he signed and
isssued the dividend warrants to the shareholders.

" The mode of proceeding was this :—" The warrants
having boon prepared in the registrar's department were
sant to the secretary in bundles, without a list or certiQ-
cate, who signed them without any,examination by himself
or any of his staff, and without noting ev,n the amount,
so that had he been required to state on the following day
what sums he had drawn from the banker there was no
record to give the information. The accountant states
that there were no means of discovering an over-issue, as
there was no check until the draughts we paid and returned
by the banker. The auditors declare that it Was no part
of their duty to audit either the registers or the dividend
warrants until the latter were paid and came back to the
Secouutantas office.
The manner of issuing transfers was as follows :--
"It was the duty of the registrar to prep tre the transfer
and sign the same, lent this was not valid until counter-
signed by the secretary. For this purpose a stamp was
adopted, but it appears that this stamp was not kept under
the control of the secretary, although it represented his
signature, and the deed was of no value until this was
applied. The stamp was placed in the registration office,
and was used by any of the clerks as a mere matter of coulee,
the secretary knowing nothing of the matter, although it
represented his signature, and was evidently intended as a
check on the registrar; and thus this vast property was
left at the mercy of the man who bets eyed his trust.
" Thus it appears thetas.
"1. No committee of directors had any supervision
over this important department, nor did they (the direc-
tors), individually or otherwise, examine or cause any ex-
amination to insure that the proper checks were ntained.
" When Redpath became registrar the whole duties of
the office were left to him and his clerks, without super-
vision or check of any kind.
"3. The auditors, although they were aware in 1854
that payments were made in accordance with the amonn
due on dividends, continued to sign the accounts issued to
the shareholders, declaring them to be correct.
"The secretary signed warrants for payments for large
sums, not knowing even the amount for which he was
issuing those warrants, and without instituting any ex-
amination or check of any description ; nor was the
amount upon which dividends were issued ever compared
with the authorised capital upon which they were due.
" 5. As the accountant had no list of the warrants issued
he only knew the amount of those which hal been paid by
the bankers, either by the pass-book or the cancelled
warrants returned after payment."
With regard to the balance sheet for the half-year ending
December 31, 1356, the committee state they believe
that it eitbibits a sound financial position, that the large
amount of cash in hand bearing interest will be viewed
with satisfaction, that the debts of the company are good,
and that the over-paymenti of div Vend, amounting to
9,3621., are to be written off. A loss woul I accrue of
15,845/. if the shares held by the company in other lines
were realiz-d at the market value. In the examination
of the disbursements on capital account it was found
that many items placed to capital account appeased to
belong to revenue, the number being considerable, and
many of them small in amount. In objecting to a half-
year's account of the engineer's department, amounting
to 10,6031 . the commiatee found items to the amount of
6,8451. which they consider as belonging to revenue.
Tney state that sufficient has been seen to prove that so
long as the capital account is left open items of every
description are carried to it at the option of the directors
nominally, but really by the servants of the company ;
this swells the apparent profits, and thus the shareholders
are kept in ignorance of the real amount of the revenue
of the company. As a general rule the committee are
of opinion that on all completed lines the capital account
should be closed, and every expenditure on those lines
should be borne by revenue.
The committee consider that the passenger traffic is
well managed on the Great Northern, and that thffieoi faresn
Y
are as good as on other lines, and general! su_
The committee recommend that all t
ei he fund
as
financeof the
company should be under the sup typo
f
w
committee, and all checks be signed by odirectors.

NORFOLK.
The half-yearly meeting of this company was held yes-
terday at the London Tavern. Redividend f 30a
solutions Were pissed
adopting the report, declaring a o. per
cent, on the original stook, and the usual dividends on
the preference stocks, payable on the 15th Sept.
The meeting authorised the directors to raise 50,000/
•