The Sun.
London, England, 1845-10-28 00:00:00

RAILWAY DEPOSITS.

CHRONICLE—The " standing order" applicable to the pay.
merit of deposits on railway Bills does not enjoin any specific mode
of making the payment, but simply requires that a sum, equal to
one-tenth part of the amount subscribed, shall be deposited with
the Court of Chancery, if the railway is intended to be made in
England ; with the Court of Exchequer in Scotland, or the Court
of Chancery in England, if the railway is intended to be made in
Scotland ; and with the Court of Cl.ancery in Ireland, if it is in.
tended to be made in Ireland. As respects railway Bills which were
before Parliament during last session, and which may be again in-
troduced in the next, or which were provisionally registered, or
the subscription contract for which was in whole or partly executed
before the 29th of July, 1644, a sum only equal to one-
twentieth part of the amount subscribed is required to be de-
posited previous to presenting the petition for the Bill. The
act 1 and 2 Vic., chap. 117, provides that in all cases where
it is required by any standing order of either House of
Parliament that any sum of money shall be paid by the subscribers
to any work or undertaking to be made under the authority of
Parliament, the Speaker may direct an application from any five of the
directors of the company, that the money shall be paidinto thehands
the Accountant-General of the Court of Exchequer if the work is
in England, " or into the Bank of England, in the name and with
the privity of the said Accountant. General;" or into any of the
banks of Scotland established by Act of Parliament or royal charter,
in the name and with the privity of the Queen's Remembrancer
of the Court of Exchequer in Scotland, in case the work is to be
made in Scotland; or into the Bank of Ireland, with the privity
of the Accountant-General of the Court of Chancery in Ireland,
if the work is to be executed in any part of Ireland. An account
is also ordered to be opened in the name of the Accountant-
General, and the money is to be placed to the credit of such
account. It is directed that every sum paid into the
Bank of England in the name of, and with the pri.
vity of the Accountant-General of the Court of Exchequer,
shall be paid in and placed to his account there, "pursuant to the
method " prescribed by the Act 1 Geo. IV., c. 35, and in Ireland,
according to the provisions of the Act. 23 and 24 Geo. 111. The
ninth section of the Act above referred to, namely, 1 Geo. IV . c.
31, enacts that whenever, at any time at.er the appointment of a
person to Le Accountant-General, any person or persons are
ordered to pay " any sum or sums of money, or any Exchequer-
bills, bills of exchange, or other negotiable securities into the
Bar* of England, the party on whom the order is made shall, with
the privity of such Accountant-General, pay the same into the
Bank of England " to the account of the Accountant-General of
the said Court, and the party paying shall take a receipt for
the same " prom one of the " cashiers "of the Bank. After
the deposits have been so paid in to the credit of
the Accountant-General, if the parties who make the payment
desire to have any part invested, the Court on a petition will order
that the same be laid out in the Threeper Cents. Consolidated or
Reduced Three per Cent. Annuities, or any Government security
or securities. There does not appear to be any specific day fixed
for making payment of the deposits to the Accountant-General,
the only requisite being that the payments shall be made " previous
to the presentation" of the petition for the Bill. Neither Is there
any proviso that the payment shall be made in coin and bank notes.
On the contrary, there is authority in the Act 1 Geo. IV., c. 35,
for believing that it may be made in different kinds of negotiable
securities there_ mentioned, viz., " Exchexuer.bills, bills of ei.
change, or other negotiable securities... If the Bank Dieectors
choose to make arrangements with the various blinks who now hold
the deposits, there is nothing to prevent them from receiving
short bills of exchange, or other negotiable securities,
falling due before the time that Parliament meets,
in payment. The promoters of railway Bills are only re.
quired to pay the deposits before the petitions for
their Bills are presented to the Speaker. Their solicitors will of
course intimate to their banker the day when this step is to be
taken, so that the deposits may be forthcoming; and for that pur-
pose it may be now easily arranged to be at the bankers' credit,
in the Bank of England, before the period when the petition will
be presented. Should this arrangement be complet:..3, it will
follow that, when the order of the Speaker is received, directing
the. Accountant-General to open 'an account for behoof of the
railway company in the Bank of Enghtfid, the clerks of that este.
blishment will have nothing more to do than to debit the account
of the bankers making the deposit, and to credit the amount in
account to the credit of the railway company with the Accountant.
General. If the banks who hold the deposits place in the hands
of the Bank of England short bills to cover the amount which will
be required of them, so as to have the same at their own credit in
the books of the Bank of England, the solicitors of the differentcom-
ponies will apply to the Speaker of the House of Commons,
who thereupon will order the money to be paid to the Accountant-
General, and an account to be opened in his name for that pur-
pose, upon which the amount will be transferred from the credit of
the bankers' account to the credit of the Accountant-General.
Bills of ezehange, Exchequer-bills, or other negotiable securities,
may be used for the purpose on the usual terms. It might be
good step for scripholders to apply by written requisition to the
Provisional Committees, calling upon them to explain the position
of their finances ; distinguishing the amount of deposit paid, the
number of shares allotted, the number of shares reserved, the names
of the banks who hold the deposits, and the manner, amount, and
nature of investment. Information of this description, if, officially
published, would tend to establish the credit of benafsde schemes,
and to enable the public to draw a line of distinction between the
good and the bad. The weeding process would then commence in
earnest, and while substantial lines would recover their proper post-
tion, the bubbles would burst. -
TIMES.—Now that the notion bas been put forth of making
the exposure of the railway mania depend upon a preliminary in-
vestigation into the amount of deposit paid to the credit of the
various new companies, but more particularly those originating in
the present year, and not yet submitted to Parliament, we find
most people in the City Inclined to postpone all consideration of
the manner of making the payments to the Accountant-General,
as only an encumbrance upon the question, until this first step has
been established. It is extremely probable that those companies
which have honest intentions, and are in all respects of a bona fir

character, Without any false assumption of names or granting in.

demnities, will volunteer some such communications on the state of
their accounts at their bankers as may satisfy those embarked with
them in the undertaking, and form tit basis of a fund of
information, such as that now desired by the public. This they
will of course make known through the ordinary medium of adver-
tisements, but we may give place here to the first instance of the
kind which has come under our observation, for the sake of the
good example it will afford to the rest. With respect, then, to the
Chepstow, Forest of Dean, and Gloucester Junction Railway
Company, Mr. W. T. H. Phelps, the solicitor thereof, desires
to state, for the satisfaction of the shareholders, that
the suns of 54,000/, has been paid into the bankers'
hands to its credit, the greater portion of which has since
been invested at interest; that the whole of the deposit
called for amounts to 60,0001., some unallotted shares to the ex-
tent of the difference between the two sums " having been re-
served for the landowners on the line or for contingent circurr.
stances, as is usual in all railways." This is setting a goad pre-
cedent for others to follow, a•td one part of this statesnent lessds
to another consideration for the benefit of the participators in
similar companies, in showing that it is not always left to the
bankers to use the deposits rs they please, but that the parties
themselves direct an investment to be made, the profit upon which
goes of course to the credit of the concern.

MIDLAND RAILWAY RAILWAY.
INQUEST ON THE BODY OF MR. BOTELER, Q.C.,
BANKRUPTCY COMMISSIONER.

OULTON, NE/IR LEEDS, MONDAY.-The inquest on the mortal
remains of Mr. Boteler, late one of her Majesty's Counsel, and a
Bankruptcy Commissioner, were resumed to.day at Oulton, in
the large room of the New Mason's Arms Inn, before Mr. Jewison,
Coroner :—Among those present were Mr. Sangster, solicitor, of
Leeds, who attended on behalf of the family of the deceased; Mr. J.
A. Ikin, Town Clerk of Leeds, who appeared for Sergeant Stubbs,
whose leg was broken by the accident; Mr. Palfreyrnan, of Sheffield,
who appeared for Thomas Wheatley, the driv. r of the assistant
engine which ran into the train ; Mr. Macauley, of Leicester, soli-
citor to:the Midland Raliway Company ; Mr. Bell, their secretary,
and three of their directors, Sir Isaac Morley, Mr. Joseph Houlds-
worth, and Mr. Hutchinson.
John Porter, one of the guards of the railway on the mail train,
underwent a long examination, which we refrain from entering
into at present, as, up to the hour of receiving our report, the In.
quiry had not terminated.

CHRISTCHURCH, OCT. 25.—T11E POACHING CASE
AGAlN.—James Purchase and Henry Burry, who, about a
fortnight ago, were charged by the Hon. Grantley Berkeley
with poaching, and tined 20s. each, were again brought be-
fore the magistrates on Monday last, for a similar offence, but
to be tried under another Act. The investigation of the
case occupied the bench a considerable time. The magis-
trates considered that the case did not come within the mean-
ing of the Act, and it was at length dismissed. The trial,
throughout, caused considerable excitement, and placed Mr.
Berkeley in anything but an enviable position, for upon the
Hon. Gentleman leaving the Hall he was accosted by the
crowd with all kinds of opprobrious terms, the shaking of
ribbons in his face, and other marks of disapprobation.—
ilitnipsliire Advertiser.
THE FAST DAY IN GLAsgow.—Thursday was the
Sacramental Fast-day here, and it was observed much in the usual
way that it has been of late years. The weather was dry, and nu-
merous parties went abroad in steamboats and by railway, and all
other sorts of conveyances. The churches were well attended, not-
withstanding, by the serious and thinking portion of the community.
at tthheei r
Clya dailye labour
wt hea
iteheeisneirv"ayiedits
usWeedobtsoebileredlonmgaagnyo,maonred ePeivenP
engaged as on ordinary days, in deepening and embanking the river.
—Glasgow Constitutional.

. .
• JUDGES' CHAMBERS. t:z.
THE QUEEN C, CLINTON.
John Comstock Clinton was brought up under a writ -f babtaS
corpus before Mr. Byron Platt, at his Chambers, in Rolls-gal r, for
the purpose of obtaining his discharge fom custody. It riVir re-
membered that the prisoner was committed from Bow street bri'flui
6th instant, upon a charge of fernery alleged to have been committed
by him in the United States of North America several years ago.
Mr. Baron Matt, on originally granting the habeas corpus, signified,
that if on hearing Counsel he should entertain a strong opinion in
favour of the prisoner, he should at once discharge him; but that, if
his opinion were adverse, he should adjourn the matter for argu-
ment in the Queen's Bench. The return to the writ having been en-
larged at the desire of the prisoner's Counsel, the argument stood
over until Saturday, when Sir Jobs Bailey appeared for the prosecu-
tion, and Mr. Knowles and Mr. Clarkson for the prisoner.
Mr. Baron PLATT said he should think over the _matter,- and the
prisoner must be brought up again.

POLICE INTELLIGENCE.

WORSHIP-STREET.

SINGULAR APPLICATION.—THE CONVICT'S WELCOME HOME.—A
sun-burnt, weather-beaten man. about thirty years of age, applied
to Mr. Broughton for his advice and assistance under the following
circumstances :
The applicant said, that in the early part of the year ISM he had
the misfortune to be convicted at the Old Bailey on a charge of
felony, for which he was sentenced to seven years' transportation.
lie had formerly been in very comfortable circumstances, and at the
time •f his apprehension was in possession of an eight-roomed house
well stocked with furniture, which he left in charge of his wife until
such a favourable turn occurred in his affairs as would enable hint
to reclaim it. After an affecting interview with his wife, who ap-
peared almost heartbroken at his misfortunes, he vas transferred to
Ids place of destination. where he served cut his sentence, and al-
though greatly surprised at not receiving any communication from
home during the whole period, he was somewhat consoled upon hear-
ing indirectly that his spotr:e was in most prosperous circumstances,
and he therefore cheered himself with the anticipation of being
able on his return home to resume an honest course of life, and spend
the rest of his days in respectability and comfort. On reaching this
country, about a week since, he proceeded direct to his wile's resi-
dence, but was astounded at finding her living under the protection
of another man, and instead of the fond welcome he hail expected,
she told him tartly that she considered his conviction had entirel✓
absolved her from the marriage contract, and Was resolved that she
would have nothing more to say to him. Having failed in all Isis
efforts to work upon her feelings, he requested that she would at
least restore him the goods he had left in her care, and the greater
part of which he recognised in the room, but she positively refused to
do so ; and her paramour at the same time stepped forward, and,
after claiming everything there as his own property, ordered him
instantly out of the house. The applicant concluded by saying that
he had entirely depended upon the recovery of the property to
restore him to something like a decent position in society ; and
has ing been defrauded in such a cruel and unjust manner, he wished
to know whether the magistrate could afford him any assistance to
procure its restoration.

Mr. BROUGIITON informed the applicant that, according to the
strict letter of the law, everyWng be possessed at the tine of his
conviction had become forfeit to the Crown, but as the sequestration
did not appear to have been enfo ced, and his future prospects of an
honest existence depended upon the recovery of the property, he
would direct one of the officers to see la's wife upon the subject, and
endeavour to effect an amicable arrangement.
Sergeant Brannan afterwards repaired with the applicant to the
house of his wife, and succeeded in inducing her to give him a sum
of 151., as an equivalent for the furniture, on the express condition
that lie should relinquish every claim upon her property, and
never again come near her, to which the husband reluctantly
acceded.