The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1841-05-04 00:00:00

he Earl of ILCIIIZOTER, in seconding the resolution, said
.sed with the necessity of making the
tion which was the object of the present meeting. It
necessary, if possible, to overcome the effects of the ne-
t with regard to the support of religion in the colonies

as firmly impre

H•hich had been manifested by the stale. It had at length
been discovered that there was something mole required for
the well-doing of those colonies than the mere principle of
commercial partnership. (Hear, hear.) Their spiritual as
well as their temporal prosperity had, he was happy to say,
become a matter of consideration. He with great satisfac-
tion acknowledged the hint which had been thrown out by

the right rev. prelate as to the necessity of a perfect uni--
formity of action with regard to religious missions, and he
unhesitatingly said he joined in the sentiments which had
fallen from his lordship on the subject. (Hear, hear.) In
this instance the church had set an example to the country
which he was sure would not be lost upon her.

[We have already mentioned that the meeting was subse-
quently addressed by Mr: Justice Coleridge, Mr. W. E.
Gladstone, M.P., and several others, and that the sum of
£28,000 was subscribed before the meeting separated.]

THE SHIP DRYAD

CONFESSIONS OF THE BROTHERS WALLACE

The two brothers who were concerned with the ship Dryad
and other vessels, for the purpose of defrauding the insu-
rance companies, have made voluntary confessions. We
omit the names of some parties, for obvious reasons ; and
we also omit certain heavy accusations agains persons in this
and in other countries. The confessions are in the hand-
writing of the brothers respectively.

The statement of Patrick Maxwell Stewart Wallace details

the mode of his introduction to his brother, the insurances
which he effected, and the various amounts of money which

he obtained from the insurance offices. The confession of
Michael Shaw Stewart Wallace is most extraordinary, and
we give it just as we found it in the Morning Herald:—
STATEMENT made by MICHAEL SHAW STEWART WAL-
LACE to John Pirie, Esq., Alderman, setting forth the part
he took in the casting away of the ryad, for the purpose
of defrauding the underwriters.
" I purchased three-fourths of the Dryad about December,
1837, for £l2OO, £lO6O was paid in cash, and the remainder
by a bill. I went as master of the Dryad to Rio Janeiro,
and returned in her to London. Loose was the mate at that
time. Next voyage Loose went master, with my instruc-
tions to proceed to Rio, and take the berth for London. The
vessel was consigned to a person at Rio, who had similar
instructions from me, but he deviated from those instruc-
tions, and sent the vessel to the Capa Verde Islands for salt,
and drew upon me for £315. When I received this intelli-
gence, my friends advised me to go out to Rio, and look
out after my property. I went out to Rio in the barque
Blair, from Liverpool, and upon my arrivai found the vessel
a complete wreck, and was angry with the master for his
conduct, but he threw the blame upon others.
" I was on board the Dryad dining with Loose, the mas-
ter, one day at Rio ; after dinner he asked me to go forward
and he would show me that I had made a blind bargain, which
he did ; and, at the same time, he said that if he bad known
that the vessel was insured she would never have seen the
Cape Verd Islends. I said to him, that I did not believe
that he had the spirit to do such a thing, to which he replied
that he wished I would give him the chance. Some other
conversation, relating to the manner in which he would ma-
nage such a business, took place at that time, and I began to
feel much•interested indeed in this way of treating the sub-
ject. When the Dryad had discharged the cargo of salt, she
took the berth for Liverpool, and I took my passage on
board. During the passage, Loose and I agreed that if he
should cast away the vessel I would give him £2OO in cash,
and advance:him sufficient to purchase a quarter of a new
vessel, which he was to have the command of on his return.
This was regularly agreed to between us upon the most per-
fect understanding.
" On my arriving at Liverpool I proceeded to London,
and chartered the Dryad out and home. I informed my bro-
ther Patrick at this period that Loose and myself had agreed
to destroy the vessel, on purpose to defraud the underwriters.
He consented to become a party in the affair, and filled up
bills of lading for goods to the amount of £715, done in the
Alliance Insurance Office, and £698 done in the Neptune.
" The bills of lading signed by Loose were procured in the
following manner:-1 bought two sets at Liverpool, and
Loose signed them blank ; I then brought them to my bro-
ther Patrick. Before the Dryad sailed from Liverpool, I
proceeded to insnre as follows :—£2,000 on the ship, with
Messrs. Howden and Ainsley, and £3OO on the freight with
the same; £7OO with Seldon and Johnson, on the ship and
outfit, and £7OO on the freight out and home ; with Lyndall
and Hall, £6OO on the chartered freight; and with Bahr,
Behren, and Co. £5OO on the ship, at Liverpool. Loose,
also, to my knowledge, effected £l5O at Liverpool on his

effects, and £lOO in London.
" The Dryad sailed from Liverpool September the 7th,
and I had no letter from Loose till the 25th of December,
when I received the protest from Falmouth, in Jamaica.—
[Here Michael Wallace enters into details implicating other
parties in the ,transaction with regard to the destruction of
the Dryad, which details we, of course, altogether exclude,
and which may have been fabricated with a view to diminish
the atrociousness of the plot, by dragging others into parti-
cipation.] Nothing of consequence occurred till July, 1840.
One afternoon I came into my brother's office, when he
showed me a bundle of papers which Mr. Frost, Loose's
executor, had left for me. We examined them, and found
that all the cargo had been saved but the salt, and had been
sold by the vice-consul. It appeared to us that the nett pro-
ceeds from the cargo saved amounted to about £l5OO, which
I know nothing about. The wreck of the vessel, with all
the stores and cables, was sold, and the bill that was found
in Loose's possession appeared to us to be the salvage of the
vessel. The bill was drawn on a house in Liverpool by a
foreign name, which I forget, and was indorsed by the vice-
consul, and handed over to Loose by him.
" The papers were taken by me to my house in Tredegar-
square, and were destroyed on the night my brother was
taken into custody. The papers set for'h that Loose had
been accused by his crew, before the Spanish authorities, for
casting away the vessel, but was released from custody. This
is all that I can think of relative to this most unfortunate
affair, and is all truth, as I shall answer to God.
" MICHAEL S. S. WALLACE.
" Ncwgate, March 23, 1841."
ADDITION to my former STATEMENT made to John Pirie,
Esq., Alderman, respecting the money I defrauded the un-
derwriters of :
From Mutual Indemnity Company
Howden and Ainsley
Seldon and Johnson
Liverpool Ocean Company
Goods, Lyndall and Hall
Cash from my brother, being a balance from Alliance
Company

X 414
1,590
1,284
458

£4,628