The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1838-06-05 00:00:00

141V1J'RP001, STANDAIU)

should not .tbe fact of a tenant: paying ElOiof yearly rent, be
received as proof i hat he was entitled to claim the .1.10 frau-
chise under the Municipal Act ?
" In reply to' this characteristic effusion, Sir Robert Peel ob-
served that there really ought to exist:. between Mr. O'Connell
and- himself, little difference on the point at issue, since Mr.
O'Connell consented to a LEO franchise, -and-he (Sir Robert
Peel) merely desired security that the £lO franehise should be
iulitith,;whatit professed to be.

"`Oh!' exclaimed Mr. O'Connell, I see how it is! Why
mock Ireland with the language of conciliation, and at the same
time, heap fresh insults upon her ?
.The right. hon. baronet's
prpposal is a gross delusion, Its object is to narrow the fran-
chiseand to prevent Roman Catholics from aspiring to their
fair share of corporate influence. The test of rating will have
the effect of raising the parliamentary franchise—fur the Reform
Bill merely declares that the voter shall pay a yearly rent of
£10; but the bill before the house proposes that the tenant shall
pay £lO of rent, besides repairs, taxes, and burdens of various
descriptions. The result will be that the municipal franchise
will he a £2O franchise.'

`! Sir William Follett replied to Mr. O'Connell's statements,
in a speech which, for logical power, for clearness of statement,
and for all the attributes of chaste and manly elognence, has
rarely been surpasied in the House of Commons. He showed
in the most irresistible manner that the burdens accompanying
the enjoyment of the proposed muuicipal franchise were all
presumed by law to accompany the exercises of the parliamen-
tary franchise, but that, in point of fact, the provisions of the
Irish reform bill had beeti set aside. •in the most scandalous
manner, and fictitious qualifications created at. a frightful ex-
pense of perjury. Sir William proved, by reference to the
borough of Clonmel, that the revising barrister had permitted
scores of men to exercise the. elective franchise—not on the
ground that they paid £lO of Nearly rent, but because these men,
occupants*. cellars under grould. had sworn- that the premises
which they rented were worth £lO a-year to them. To prevent
the. increase of wholesale perjury, and to render such audacious
evasions of the law impossible, it was absolutely necessary, as
Sir William proved, to adopt the check proposed by Sir Robert
Peel!

"To the unanswerable reasoning of Sir Williath Follett,
Mr. O'Connell attempted a reply, by means of sundry imper-
tinencies, to the effect that Sir William's principles were re-
gulated bv•his desire of promotion—promotion, to which Mr
O'Connell -was compelled to admit the genius of Sir William
.pre-eminently entitled him!
":The same arguments were reiterated on both sides of the
hOuse; until at last, Lord John Russell moved as an amedd-
ment on the words of the bill, that a £5 franchise coupled
with. rating under the poor law, should be established, instead
of a £lO franchise, in all the corporate towns in Ireland. The
house divided; 136 members voted with Lord John, for the
.amendineig ; and 11 ragainst it, With:Sir Robert Peel.
".Sir Robert, then, repeated his detrmination never to give
his assent to a £5 franchise. He should bring forward no
further amendments ; hut should reserve himself until the re-
port was brought up... He should then; once more, take the
sense of the house upon the question ; and at all events, he
should never sanctio,n.a.lower franchise than £lO, guarded by
such a check as he had suggested. _ _ _

" Sir Robert, further observed, that he could not but deem
himself unfortunate, in this matter of the franchise, inasmuch
as ministers had themselves originally proposed a £lO franchise
forseven towns out of the elevenn, comprehended in the schedules
A and B; hat when he proposed to extend, the £lO franchise to
the other four. ministers turned sharply round, and lowered the
franchise in. all, to £5."

We heartily rejoice that Sir Robert Peel has escaped
from the meshes of the "compi °wise" in which Lord
John Russell, acting under the instructions of the crafty
arch agitator, sought to entangle him, and that he has
declared his unalterable resolution to insist upon a bona
fide ;CIO franchise; as far as it can be secured in such a
country as Ireland.
Lord John Russell must either abandon the Irish Mu-
nicipal Bill, or consent to pass it with the very clauses
Proposed liy.Sir Robert Peel. It is not difficult to guess
which alternative he will adopt. He dare not refuse to
carry the bill through the House of Commons in whatever
shape O'Connell wishes—he dare not refuse eventually
to pass the• bill with such amendments as the House of
Lords may think proper to make in its various enact.
ments.

The position of Lord John Russell in the debate of
Friday was humiliating. in the last degree. In the bill,
as introduced by him, he had made express provision
that seven of the largest cities in Ireland should have a
£lO franchise. To these'seven Sir Robert Peel proposed
to add four other towns, thus making eleven in which
the burgess tenure was to be ten pounds. To this pro-
position of Sir Robert Peel the whio leader acceded on a
former evening. That. there may be no mistake about
the mater we shall just quote that part of the sixth sec-
tion of the bill which relates to the £lO franchise. It is
as follows:

" And.be it enacted, that after the passing of this act, every
man of full age who shall, on the last day of August in any
yeaV, he an inhabitant householder, resident within any borough
nanied in the said 'schedule (A), or within seven statute miles
of tie said borough, and shall hold and occupy within such
borough any house, warehOnse, counting-house, office, or shop,
which cithet separately or, jointly with any land within such
borough; .ceopied therewith by him as owner, shall be truly and
reality q' the jull and yearly value of £4O or upwards, shall, if
duly enrolled, according to the provisions hereinafter eontained;
he a burgess of such borough, and member of the body Corpo-
-rate of --tbe-inayOr, aldermen, and burgesses of such borough,"
&c. &c 1

This section of the.bill further provides that

-No such occupier shall he admitted to, be enrolled under
this act, unless he shall have occupied such premises within said
borotigh, or other prem►ses of the like nature within the said
borough, rein/:ii and truly of the full value of 1:10 for the space
of-six calendar months, at the least next preceding such enrol-
ment. ; nor unless such Occupier shall hare paid or-discharged all
grand jury or municipal cesseg,-rates,- and taxes, it' any, winch
shall hare i,ecome legally due and payable ktirhim in respect of
such rn'emise.c, except such as shall have been imposed or become
-due ‘vithin three calendar mouths next before such enrolment."

Now, this section either contemplated a bona fide qua-
lification; of it did not.; that is, Lord John Russell either
meant to deal honestly in the-matter, or he .intended to
practice the grossest fraud upon the House of Commons
and the British public. The STANDARD very happily
brings the matter to an issue, and fixes the tiny Home
Secretary between the. horns of a dilemma from which
he will find it impossible to escape. We hope we shall
not incur the censure of our respected contemporary of
the Albion for venturing to avail ourselves of the power-
ful assistance of our metropolitan namesake. However,
the polite and sagacious editor of that weakly repository
of elegant extracts is quite at liberty to deal with the
following nervous remarks in. any way he pleases. In
reference to the crooked policy of My Lord John Russell,
the Standard says—
Last night, in pursuance of his original declaration, Sir
Robert insisted that the qualification should not be a coloura
hie qualificati.n, such as might be swamped-up by misrepresen-
tation and.perjury, but a bona fide qualification, ascertained, as
in this-countrv,.by the poor-rates, should the Irish poor-law bill
pass—as doubtless jt will pass—or by some other rate. Against
this reasonable and just proposition Lord John Russell, Mr.
O'Connell, and Mr. Shell, raised their voices and made their
stand—and- incredible as it may seem, Lord John Russell, in
dire.ct contradiction to his own bill, proposed that in all cases—
in the case of schedule A, as well as schedule B—t he franchise
should be reduced to five pounds if it was to be a bona fide qua-
lification. So disgustingly audacious a confession of meditated
dishonesty Was probably never beftire made.
" The qualification on either must not be ten pounds, or it
must not be bona
.fide. But in the seven towns and cities in
schedule A Lord John Russell had made the- qualification ten
• pounds;" he therefore acknoWledges distinctly that he did not
intend ►t to he bona fide—that he intended it to be a cheat—an
organised Sri Stcrn of fraud and perjury; fur, such will be any
sstein dependent upon profitable swearing in the unhappy
country for which his lordship is legislating. This was ac-
knowledged by Mr. O'Connell, in a passage of his evidence
quoted last night by Sir William Follett; it is acknowledged as
follows, in the evidence of the Roman Catholic Bishop Ma-
gamin

Do you not think that perjury is committed to a.vany GREAT
EkTENT in consequence of this [the 40s. freehold system, •
Magolltin.-- I DO.
`Both upon registries and'elections?
Mayonrin.—Y
" Mr. O'Connor, of Mount Druid, a Roman catholic, in his
interesting Swiss tour, published last summer, after full ex-
perience had of the•working. of the reform bill elections, de-
'scribes the'process of perjury still more minutely :—"rhe legal
qualification of an elector in Switzerland is not so high aS it is
'in 'lreland, loft the depravity and immorality prodhced by
electioneering • have actually made the elective qualification
much lOwer in the latter country. The £lO -franchise is ob-
tained out of a few acres of land, let at a rack-rent. and the pro-
-prietor and the serf combine to give a value of £lO to what is
not worth £l, and •reconcile the perjury 'by identifYing the
produCe of personal labour exercised on the raw material with
Its marketable value. .A few hundred Swiss franks constitute
the qualification 'of a Swiss elector, and his innate honesty
Would never be reconciled to perjury.'
"The hideous mass of perjury detailed in the evidence before
the Fictitious Votes Committee, and in the evidence before the
CarioW, Longford, Belfast, Kinsale, and all the other Irish
electinn committees where the registry has been .opened—the
refusal of the Popish party, whenever they have hid the power,
to open the registry, furnish a dreadful.commentary upon the
evidence of Mr. O'Connell and Dr. Magourin, and the state-
ment of Mr:O'Connor. Give the O'Connellites 'the book hand'
—a phrase of their own wretched country, and they will swear
Up to any necessary qualification. This, indeed, was plainly
confessed by Mr. 0:Connell last night when he said (and for
Once he spoke 'the truth that the bond fide £lO qualification
would-place the municipal electors above the parliamentary
electors admission as distinct as it can be niade that the
parliaMentary electors are not bOnd fide £lO householders, but
paupers Who have obtained the franchise by perjury."

Here we let the. matter rest for the present. We
shall, again have occasion to recur to:the subject of the
multiplication of fictitious votes in Treland.L.a subject
which has been so strongly forced upon our attention.by
the confessions of Mr. O'Connell. We have before us
Some curious returns connected with several of the Irish
constituencies, of which we shall hereafter avail ourselves.
AS to the More important question of Irish Tithes we
have now no longer any fears. The Conservatives have
been taught once more how vain it is to enter upon any
thing like a compromise with the Whig-Radical ministry.
They cannot be so forgetful of their duty to !heir consti-
tuents as to yield themselves up to any terni.orising
Tedients, in dealing ivith the interests of the Chuich of
Ireland.
,They Must oppOSe:a bold front to ilPir
and .trennonsly resist every attempt to despoil
t !le chorch. Th?y, have the truth on their Magna
i?st ...itag, et prcevalliii:' • 4i

-Trip- '4 AurooN-...7!-LTlre :Wm/A. of the Liverpool pres 9
has again been attempting to excite the risibility of the
public at our expense ; but we are satisfied, that the ex-
tremely ludicrous figure_ which he cuts, whenever he
makes such an attempt, cannot fail to produce the very
opposite effect to that which is intended—a hearty gu
at the foolery of the mimic himself. Week after week
do we find our remarks animadverted upon in the same
style of vulgar scurrility which distinguishes the article
which the editor of the Albion has yesterday bestowed
upon the STANDARD. To this we have no objection.
We sincerely congratulate ourselves, that we are not to
unworthy as to merit the praise of the Albion. Its cen-
sure we hail as the best proof that we are pursuing an
honest and straightforward career. We trust that we
shall always continue to be equally entitled to its viru-
lent abuse, and that our fair fame may for ever remain
uncontaminated by the slime of its flattery. It is only in
the inflexible performance of our duty to our country,
that we become the object of the malignant Persecution
of the Albion : it is only by neglecting that duty, arid
forfeiting every claim to the character of the patriot, the
loyalist, or the .Protestant churchman, that we can ex•
pect to obtain its approbation.

We say, that we have no objeetioo whatever to the
aAaieurdversions of the Editor of the Albion ; but we do
not think that he is acting a fair- and professional part
by allowing a correspondent to assume the editorial " we,"
and thus making his journal .a conduit for discharging
the excrementitious filth of an individual so utterly con-
temptible as the amateur editor who figures in the Albion
of yesterday. Entertaining, as we do, the most ineffable
contempt for the coxcomical puppy, whose splenetic effu-
sion has been thus admitted, after sundry clippings and
parings, into the columns of the Albion, we shall not
waste the time of our readers, nor adMinister to the
vanity of the,crackbrained scribbler by any extended no-
ticp of his puerile observations. To one of his inuendoes
we shall reply by saying, that " our leading articles are
not copied verbatim from other conservative papers."
The assertion is a lie—an unqualified lie, We have
occasionally inserted articles of news which were not
original, in the same type as our leaders ; but we never
quote from our contemporaries without acknowledging
the source from which such observations are derived. If
this be laid to our charge as an act of plagiarism, then is
the Liverpool Albion ghilty of the same literary crime
in a far more heinous degree; for we can scarcely refer
to a single publication of that caterer to the gullible
appetites of ladies maids and milliners' apprentices,
which does not contain numerous extracts from the
STANDARD: If our contemporary finds it more conve-
nient to retail our commodities than to furnish his custo-
mers with his own staple manufacture, he has our full
consent to continue the system. The only condition on
which we insist is, that our contemporary shall not at
tempt to pass off any of our remarks in a mutilated
shape. He has too frequently had recourse to this trick
in order to obviate any disparaging comparisons which
his readers might feel tempted to make. Let him but
carefully avoid this for the future, and he may then con-
sider himself entitled to a more lenient treatment than
he has hitherto met with.

But, though we disdain to notice in detail the trash
and flummery which the amateur " we" of the Albion
has et ammed into the article which the editor of that pa-
per has had the infinite condescension to admit into its
columns, we still feel disposed "to answer the fool ac-
cording to his folly" lest he should be " wise in his own
conceit." There may be a few silly noodles who may
possibly mistake the idiotic buffoonery of this writer for
a display of wit: indeed, we question whether the class
of simpletons be not by far the most numerous among
the readers of the Albion, or else we should not find its
shrewd and talented conductor so willing as he is to yield
up his editorial chair to an individual so superlatively
silly as the author of the attack upon the STANDARD,
which appears in juxta-position with the leading articles
in the Albion of yesterday. This prince of dunces'
flounders from one absurdity to another in a manner.
which baffles all description. But his absurdities we
may as well let alone; they can only provoke a smile at
the best. We hope to be favoured with another chapter
next week. We shall be exceedingly sorry to miss the
treat. Let the blockhead, however,. avoid introducing
any more of his inverted commas, lest he shoUld lead the
public to suppose that he is quoting from the STANDARD,
which lie has not the honesty or the sagacity to do. The
odd collocation of sentences which he has attributed to
us in yesterday's Albion we need scarcely assure our
readers never appeared in the STANDARD. The whole
mass of verbiage:in which he has endeavoured to ridi-
cule the STANDARD is, owing to the perverseness of the
writer in misquoting us, the most harmless stuff that
ever emanated from the pen of the greatest dullard in
existence. His irony is as devoid of pungency as the
overflowings 'of a swilling-tub—his sarcasm is just as
biting as his toothless grandmamma—and his style is as,'
vulgar and assuming .as that .of the silliest of the be-
whiskered monkeys who perambulate our streets in the
garb of humanity, but who owe every thing that resem-
bles men about them—to their tailors. It the pragma
tical personage who has been permitted, through the in-
conceivable kindness of the editor of the Albion, to:-
surne the regal " we," fancies for one moment that his
lucubrations have tended to ruffle our equanimity, we'
beg to assure him that he is very much deceived. We
should just as soon feel provoked at the hissing of the,
greenest gander that we ever met with. We shall not,
however, part with him without bestowing upon him a
passing word of advice. Let him henceforward demean
himself with a little more modestyrit will become him.
Nothing can be' more offensive than for a simpleton,
whom nature evidently intended for a chimney-sweep or
a pot-boy, to take.upon himself the airs of a critic. Ne
sutor ultra crepidani.

Naw STEAM-SHIP COMMODORE.—This magnificent vessel
possesses now a very high reputation for speed, and it is justly
merited, for she was alongside the Clarence Dock, on Sunday
afternoon,' ull four hours before high water.
THE THEA-TRE ROYAL.—After a very successful week the
Italian Opera Buffa Company have lett this theatre, and is
succeeded by Mr. W. Farren, who is decidedly the first come-
dian on the stage. Last night Mr. Farren played Lord Oyle'y
in "The Clandestine Marriage." To-night Mr. Vandenboff,
who has just returned from America, is engaged to plaV as
." Hamlet," before leaving the town, and no doubt will draw.
a crowded house. The fresh hays with which be has adorned
his brow by his transatlantic tour can in no ways have lessened
his former reputation in Liverpool. Mr. Stuart, his successor
as first tragedian at the 'i heatre, is announced to play the
Ghost to his Hamlet.

-- -
We understand that the Rev. James H. Stewart. announced
from the pulpit at Saint Bride's, on Sunday last, his intention
to have public worship in that hurch to-morrow evening, after
the confirmation, for the purpose of inanlorim„., the blessing of
the Great Author and Finisher of our faith, upon that solemn
and highly-important ordinance of our Apostolical Church.
And that he purposes, after the sermon, to deliver a suitable
discourse to the young. persons confirmed.. 'The service, we
belieVe,.will begin at the usual hour of seven in the evening.
TRIBUTE OF RESPECT TO A CLRRGYMAN.—OD Saturday last
several members of St. Simon's Chapel, Sir Thomas'-buildings,
presented their respected minister, the Rev. H. S. Joseph, with
a very bandsome.gown and cassock, which were accompanied
by the following address:—" Presented to the Rev. H. S. Jo-
seph, by a few seatholders and members of St. Simon's Chapel,
Liverpool, and a few friends, as a small token of .their sincere
Christian .regard, and as a feeble expressiOn of gratitude for his
past labours, in the hope that he may long be spared to preach
with energy and faithfulness the truths of the everlasting gos-
pel, and with the prayer that Almighty God tray accompany
his ministration by the converting and sanctifying influence of
the Holy. Spirit."
ZooLoolcat, GARDENS.—The picture of Vestivius, in these
gardens, is now completed. Mr. Danson, the artist, has been
actively engaged upon it for some time past, and it promises to
be one of the most singular and interesting exhibitions in Liver-
pool. In its present state, with the cataract barely covered
over, the effect is most extraordinary. In the back ground
towering on high, is the volcano, the town of. Naples at its
foot, and the bay,, studded with fishing-boats, fills up the fore;
ground of the picture. It will, doubtless, attract crowds to see
it. We understand that, at night, during the, eruption, the
effect will be grand in the extreme. It will be perceived, on
'reference to the advertisement, that the first grand gala is an-
nounced to take place. to-morrow (Wednesday), when the
eruption Of Vesuvius will be exhibited for the first time.
FATAL ACCIDENT ON THE BOLTON RAILWAY.—AIR inquest
was held last Thursday upon the body of Evan Evans, a man
about thirty years of. age, who had. been killed at the opening
of the railway on Monday. The deceased, with about forty
others, was in one of the
.furry boxes next to the engine, and
as the..train.was. passing the,Gravel-hole, the speed of the engine
was suddenly incieased, by which the carriages got a jerk,
which threw deceased out,. and, the carriages passing over his
head, he was killed on the spot.—Verdict " Accidental death."

Tb Fa r EN.—Every freeman whose name is on the present
register'and whose present residence is not-properly described,
ShoUld; without loss of time, at all events befoi e theist of July
iv, a notice in writing to the Town Clerk, at his office.
in t T,twn Hall, statiag.his name and actual place of ;abode,
and number on the present register: Also eveiv freeman Who
is on the roll, and whose, name is not in the present register,
should e!aim to have his name inserted in,the next list, to he
made oet v the. TOwn Glerk 'according to.the form set forth in
tlhe out.

irDENCE
560RRESP-'

SHARE- BROKERS.

TO THE EDITOR OF THE, LIVERPOOL STANDARD.

Ste,—As you have allowed the Liverpool Standard to become
the medium of a vile, because untrue, and an unwarrantable,
because not substantiated, attack on'a body of men individually
and collectively as honourable, as intelligent, and embracing as
much integrity at any association in the kingdom in proportion
to its extent; fair play demands that you permit the same organ
to become the corrective of an impression which the commu-
nication of your correspondent of. Vriday last might by possi-
bility produce, if allowed to pass current without contradiction.
Who the writer is, it might, perhaps, not be difficult to ascer-
tain, if the object were worth the,trouble ; but whether he be a
Hebrew principal, smarting under the recoil of his own irregu-
larity and want of punctuality, or an unsuccessful candidate for
admission into that association which he has so grossly ma-
ligned, either as matter of importance only, as it would supply
the key to unravel the motive and display the animus which go-
vern. the author and originate the slander.
The good taste of the writeris on a par with his facts—both
are alike defective—the former is manifested in the uncalled for
and unnecessary use of the :crin " upstart fraternity," as ap-
plied, I apprehend (if it have any application at all) to mem-
bers of the Stock Exchange, who have recently become such;
and the latter, in the false and sweeping declaration that "it is
no uncommon-thing to see one of those transfermen transferred
to the care and keeping of a sheriff's officer."
In the eyes then of this Solon in commercial ethics, it is a
crime of the first-magnitude to couple the business of a share
broker_with that of any other in ,which the." upstart fraternity"
.may. have been previously engaged, though it were only 0
transact the business and further the interests of the "shape
realer" himself; and an unwarrantable piece of presumption
for any mars or set of men to meet, or endeavour to meet, the
exigencies of a new state of things; and this, I suppose, because
their individual interests are. implicated in receiving the quid
pro quo of a commission for services performed and risks incur-
red. Truly, we live in strange, times; a.stranger still will be
those times whensuch philosophy as this shall find an approving
echo in the public voice. , .
. . . .

That ther.e has not been a sufficient or satisfactory observance
of punctuality in making payments for stock sold and delivered
is a charge that may be, and J believe is, to some extent true.
This I shall neither attempt to justify nor palliate, not even on
the customary ground of the difficulty which all who are con-
versant with mercantile .matters know to be inseparable from
pecuniary arrangements; but admitting the existence of the
fact—to whom I ask is the delay attributable, but in nine in-
stances out of ten, to the "share dealer" himielf, who hesitates
not to enter into a purchase of stock when he is probably de-
pendent for payment on a contingency that may be procrasti-
nated beyond all, calculation on his part at the time of entering
into the contract—a circumstance that will necessarily revert
disappointment to the seller, carrying in its train the concomi-
tants of chagrin anal dissatisfaction to all parties concerned.
To the flagitious and libellous part of your correspondents
letter, however, I feel myself called upon to give a direct con-
tradiction. lie asserts an audacious and gratuitous _untruth
when he states that "the arrest of a share broker is no uncommon
thing." It is on the contrary so uncommon "a thing," that I
and many others, metnbers of the maligned body, were perfectly
unconscious of its having occurred at all, until the " Share-
dealer's" accusation induced the institution of an inquiry, which
resulted in a rumour only, that something of the kind had occur-
red to an individual, whose visits to the Stock Exchange are,
and have been, so few and far between, and whose intercom-nu-
nicatiou with its members so rare, as scarcely to warrant the
assumption on his part ofahe rights of membership. But sup-
posing for argument's sake that the instance of arrest, instead
of being solitary had beeu triplicated; what then does it justify
so unqualified au imputation as that made by this "Shure-
dealer," that such things are not uncommon? As well might
the crime of bankruptcy, if it be one, be levelled against the
whole of our high-principled merchants, who require neither
vindication nor eulogy at my hands, because some small fraction
of their body had unfortunately found its way into the Gazette.
The mode of placing that circumstance before the public is re-
prehensible in the extreme, it is illogical and does little credit
either.to the impartiality or the heart of the protnulgater.
" The " Share-deate;" asserts on his own experience, that he
has not only "had to wait for months for the payment of
stock," but has further been compelled to resort to legal.'mea-
sures to enforce it ;—which may be true—but the corollory of
that I should take to be, some defect in the title given by the
seller. This then becomes the exception, and not, as your
correspondent would ungratefully insinuate, the rule, His
other charge, of " brokers reaping the interest of their princi-
pal's money" is another gratuitous assertion of an untruth, and
ought not to be dignified by a confutation.
This suggestion, "not to part with your money until value be
received," is excellent advice if it could be pursued; it is a
theory that looks well upon paper, but in practice would be
found by no means facile of accomplishment. Suppose the
case of a broker working a transaction between two refractory,
or, if you prefer it, timid !principals, the one a Liverpool, the
other a London resident, the one refusing to part with his
money until he has received the stock, and ascertained that the
transfer documents are regular and complete, the other adopt-
ing " Share-dealer's" suggestion, equally firm in his refusal to
part with the stock before receiving the money; in what posi-
tion would the whole party, broker and principals, be placed:
why the two latter must submit to the circumlocution and ex-
pense of a journey of a hundred miles, and meet each other at
Birmingham, half way, to ratify a transaction that might be at
once completed by the selection of a broker, in whom confi-
dence might and ought to be placed. This selection of such a
broker, notwithstanding " Share-dealer's" base insinuation to
the contrary, would be no -herculean labour; there are many,
very many such to be found in the share brokers' association—
if not, quite sure am I that they will not be found out of it.
This, I say, without even the slightest intention or wish to
derogate from the respectability of those brokers who do not
belong to it; and, however strongly "Share-dealer" may re-
commend a secession from that association, 1 take leave to tell
him that it possesses advantages for principals that are neither
to be found outside its pale, nor to be affected by the flimsy
tissue of impeachment, which your correspondent, in his
steel:
tesrhitiym,
stairs
tvoebnettred a,losmhaakree.d. iafnldie
nboe
tawhatb herok
broker,
e ,prhe-
an must
o o
tksni
doewbfruol
broker
ewrev,ll7—i
gi f,u an sd
er tmayhe
defeatbefairly
ofrsetrepcet
icottei d.,h
seobre.
position is at' once accounted for—his malignity is unmasked,
and the rancorous virulence of his attack, will pass for just that
it is worth, NOTHING.
Liverpool, Ist June, 1838.