The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-12

4DAY, SEPTEMBER IL, le
wise tending 70 the progressive Improvement OF the law
have met with her haesty's ready assent
We ave commanded by her Majesty to express TO you
her confidence that ON your return your several conn
viii employ that influence which 90 Justly be-
loys and bfrl people, and she pray that the blessing
Of Anh hty God may attend and prosper your endeavos
The Commission Of ProrogAton having been read BY the
The Lord Chancellor declared the Parliament prorogued
10 Friday, the oh Of November aexs, and tho pro.
csedpgs, which we're Obviously uninterestng from the
small number OF ladies' who graced the benches and the
susDsers gallery, we're brought TO close at 20 minutes
to O'Clock
Financial Frauds and Joint Dtsck Bubbles
IN England.
The worst financial dssraoss q the pas, two years nave
been recalled and augmented during the present week
The old themes Of the Great Northern Railway Company
81 the London and EAstern Banking Corporation have
10th attracted renewed attention. while fresh interest
les awakened by the EXPOSURE Of the Surrey Gar
dens Company, and Of the defaloaos oyguJes and other
deugai.s al Liverpool ,efch have become gssersy oto
ro,s e1cept TO the Liverpool com~saziy hemseiues With
regard N the Northern Railway tue new features have
consisted OF the report OF the directors preparatory
10 he meeting on saturday nex,, the judgment OF
the Vice Chancellor on their attempt to repudate
report OF the committee appointed In March last to
investigate tho general management Of the ooncern,
OF all these documents that while sne
band the Vice Chancellor and The commlaee Of inves
gaion have placed the conduct OF the directors In light
NEST painfully humilstng 70 he credit Of Englhh compa
Mes the directors themselves instead OF tutoring SINGLE
word Of ccmpuDcon or apology, have boldly taken tue
opportunity 70 libel the House OF Commons, reprosch the
7ies such of her constituents have endes vored
to uphold legal rgh and, dnay seek from the general
body OF shareholders proxies to enable them ct the ap
preaching meeDg 20 continue tnei. deAn,e Considering
that Of their pleas TO shut out the preference share
holders actually the same ~ that employed by the
rpudissing States OF mercaname'y, that although The
Il had moi been formally sanctioned by the 1isite
voe; that the Vice Chancellor h0 found necessary
psnv e amer asp1 ~: .upscoes money and suny csa
Gates referring act Of Parliament TO object that three
fouhs Of the meeting did mot assem- ana that the sock
the committee Of investigation announce that the directors
allowed Redpsth pursue his without he slightest
dividend warrants in bundes without list cert dcste,
or examination Of kird that tho stamp which re pre-
.enea The signature o. he secretary w. used oy any Q,
down to the latest period OF the msny
items have been found placed to capital account, which,
in the opinion OF the committee should have been
charged This demand on the part OF the drec
tors secretary, not merely Tor Continuance OF
past &C y perphaps without parallel As respects the
ne1t that Of the London and Eastern Bank
Ing Cor poraon-tbe new revelation is lu. such - might
might have expected. rebolderS after hay
ing lost oil their paid mp capital of ESQ per share are
called upon for further contribution IF fi6 with an nh
nation that The assess 70 meet outstanding haoities
threaten yield much less than had boon ant paed, and
that The extent Of ruin cannot even yes DO
estimated They warned, moreover that unless they
pay promptly the will have into bankruptcy,
where their pFoseects will be still worse. Meanwhile
Colonel Waugh and all The workers Of this misery can
laugh in security the liquidation being private and their
victims happy TO let them escape by 20 doing they
avoid the tender mercies Of the Law courts, pro.
The Surrey Gardens Corpary the facts appear 70 be
such must later lead TO criminal PROOF
ss whole o sSos "a. Dssa s
donsi debts have been contracted for f26 COO, Of which
fA,boo IL upon mortgage Of the music hall, fl6oo be
Ing wholly unsecured. Yet dividend 81 the rase OF 10
per was October the object apparently
being TO induce the public to take up II 7a4 shares
which sim remained unisued. Tho way in which the
money has been appropriated complete mystery.
Mrs Seacoe stated not TO have received far hing Of the
her behalf and Julien that be been
ed, and . ruined man Meanwhile II 10 complained that
M James Coppock, Of Cleveland row. g. Jsmess, who
concerned seems 70 be 70 keep the matter out OF
but be- allowed 10 have The winding up IN their own han H.
The claim Of Mrs. Seaooc, however, OF character not
70 be postponed, and - some persons are 70 val. upon
Lord PAlmerston upon the subject 70 day IL be hoped
that decisive res viii 81 once be employed finally
uhie all these affairs houe been going on, haas nd
counts If gigantic alcaoson ne Ltue pool exchange
fouooed b mercantile fryry and dssappearono, and
several failures Uhsc han Be- rendered p0snt vi
rem comanat,on for tie purpose Of Ausninp e up, % az
70 preen any reroach from falling upon the spocuiatDs
elas Unoer such circum.,anoes the question arises
In the largest ~ we'll - in the sms lest undertak.
rgs INSCRIPTIONS Encouragement seems universal,
here H. he viewer, occasion for despon dency. The
mercantile community OF Great Britain still sound
he CORE and, looking at the nmensy of
ready TO us. The control OF their affairs to say
who the tact 81 her TO overbeaY impose upon
public meetings, the number Of bad cases Is NOT
lively large n In the' notorety they appear. bile
The journals eeming with accounts OF disputes and
Iosures among directors and Shareholder the latter In
many iasances having only 10 complain OF their igno
Incidence, the great daily involving
millions ups which depend the fame and prssperl
have never been heard Of either Is wonderfs protector.
extraordinary hnsnciers, but Who In the quiet and
succcsafui pursuit Of fortune, cop,rive, each In hii
sphere uphold the reputation for integrity tha. has
made the country what H. Toe popular feeling In
altered and much OF the evil lately Witnessed has Arsen
In great by the act upon the subject passed
during the present iession, which II hoped will
from The Geld =. Who have hitherto followed the trade OF
director, replying upon perfect immunity Whenever u
might suit them either 10 ncgeck or 70 abuse their trust
Prom the London Tines, (c.y arole0 AUG as.l
The following deserves tho suenaon ~ IN Illustration q
the OF tho romark recently made with regard
to the tone usually adopted BY portion Of Tho Liverpool
community in the case Of speculative failures
IN oily T % s
~ ca for some notice ana hope 10 fairnesa you viii mot
unSappiy, late days eapass ,as poo.
PIE s, es. ee a .as uni vSa 20
The Bush merchant proclaimed IN the b'dl onss Of osr
tBhapply ase within The CITY Of London dsrip ne fey
pest months we have tehed the appA spectacle OF nuns
rous bers OF your commercial boty-many dstn.
guisbed for their social virtues their irs and rai
III ,ancy suddenly uumssked snd dragged from sh-r
ksh Ions 10 be the eons cell oil these
oroas criminals were oonresasd within circular mile OF
Printing house square.
s;,,o1, ssrsioI /: accsn, g, ySs :. public csa.oy
merchants vrung A. you do. from 80 bad nesh5orhood ~
your own
youpont for oscssiona svm,a,h7 with the
deserves and often honorable TALL Of essnshent here,
pe justly rotor BY directing aa,uuon 70 the
msskabe prston NJ lately depar cd ship for the penal
colonies q The ndnx ban forgers ~ other
cia mscresn such a. Londs alone could supply, ~
ample and varnin, TO ths world
In copsuson beg nine enhs Of your remuks
Liverpool Affairs generally ridden s,ons-
W. A LIVERPOOL BROKER