Evening star. [volume] (Washington, D.C.) 1854-1972, 1854-12-02
WASHINGTON NEWS AVID GOSSIP.


msnt here. This was to have been expected, il
view OF the fact that they have made NO show
Ing to their creditors, for whose kindness and
lenisncy so far, they have expressed grea
gratitude, in the newspapers 1t was expected
that the notice of their suspension would b.
promptly followed by some such explanation
of tho condition of their affairs as would sat
isfsctorily explain why, with as.ets las mem.
bers of tho firm declare) far above their liza.
bilities, they only express in thsir card the
nope that they will ultimately redeem all ,hei,
obligations-one Of the firm publishing an
additional card. which has satisfied the com.
munity that hs by no means considers his pri
vate fortune responsible for the causalities O,
the business, in which, so far as was known
from tho published transactions of the firm.
he was as deeply interested as any other OF
tho parties.
we now learn, however, that they have
made an assignment of the assets of their late
bank to Messrs. William Bayne, merchant, Of
alexandria, and John A. English, of the same
city The first is a brother of Mr.. Lawrence
+. Bsyne, (of the 6rm) and business mar
OF high standing, while the second is the
nephew Of Mr.. John Wi.hers, (of the firm
and, We hear, is in all respects a compo, emf
business man. We hear, also, that this as
s'gnment does not cover any property of any
ono Of the parties not already involved in the
business of their late bank; or, in other
words, that it only covers that which was
found insufficient to sustain the house during
their late trOu bles
Now, We have to say, that we have done all
in our power to sustain the credit of this
house-aIl that newspaper honestly conduc.
tel could possibly do-in the belief that the,
were amply able to meet all their engage
ments, and that it was our duty to the commu
nifty to strive thus to induce them to make
sacrifices to pay all demands upon them, as
presented, rather than to throw all or much
OF tho disastrous loss upon their note holders
depositors and other creditors, while, as they
say individually, their means are more thai
amply sufficient to pay their liabilities, della
for dollar.
To US, it matters little whether they pay OF
fail to pay brokers who may purchase their
notes and other evidences of indebte dness
We desire to see the present note holder. and
depo' itors so paid, and any arrangement,
made BY mon notoriously good for far more than
they are supposed to owe. by which people Of
small means rathor than themselves are made
to be the heaviest ultimate losers. will meet
as it should, our earnest apprehension.
While We have no reason TO doubt either
the integrity or ability of the trustees thes.
gentlemen have appointed, We have to say tb a,
it would have been far more acceptable to
their unpaid creditors in Washington. if they
had consulted at least some Of them in MAKING
the selection; there being other interests to be
protected in such business arrangement, be-
sides that Of the suspended firm. Why is il
that no detailed publica ion as to the extent
oftheir outstanding liabilities has been made
Why mono such with reference to their assets :?
Why, We repeat, is it, that while they privately
maintain that they are fully able to pay more
seen
studiously to avoid making an authoritative
showing, calculated to prevent persons of
small means, among their creditors, from part
ing with their netes, &C., at a ruinous dis
COUNT Why, in fine, is it that nothing but
the business assets Of tho banking firm has
leon conveyed to the trustees whom, as all
the world know, those assets failei to prove
sufficient to prevent the disasters which have
so far befallen tho public through confidence
in their late bank? There is intense feeling
in Washington upon this subject, a. losses
great or small, through confidence in this
house. have overtakeH many of our fellow cit
iEsns. Popular patience is we'll nigh exhau
ed with the failure Of these parties to make
something like a satisfactory showing, in view
of tho fact that it is very generally believed
that their property IS sufficient to justify
stronger ASSURANCES As to the redemption OF
their liabilities, than tho mere expression OF
tho hope that they will DO able 20 to do in the
end, which the managers of every failing bank
in creation, always express for the public eye
Mr.. soule Tho London Examiner, the
leading liberal paper in England, in its las,
issue received on this side of the Atlantic, says
with great truth and force Of the Soule affair
''As We last week antisipa cd. tho Frencb
Government has found it impossible to sustain
its refusal Of the right Of innocent passage tc
Mr.. Soule through Its territories; and having
committed great absurdity, has, on second
thought, made the amanda honorable to the
American diploma,iss The excuse is that he
refusal was founded on a superstition that MIR.
Soule meant to take up his residence in Paris;
whereas, it now finds out that his intention
was only to pass through that Capt. al, on roMtt
to Madrid. But, surely all this prying sensi-
billy on the part of the rulers of great ma
ton, like France, is most unworthy. MIR
Soule. il seems, from his first entrance across
the Spanish frontier into France wss doRged
with spies to an extent alternately annoying
and amusing, and whom this unpleasant sur
VIGILANCE WAS represented to Mr. Drouin de
Hugs, that able and courteous minister could
only express regret for that which he was not
himsoIf responsible for, and fit thoroughly
shamed of. Thus the French Government
has made itself supremely ridiculous, and Mr..
Soule, = parsonage of infinite Importance
Snh ,h.S