The New York herald., 1866-06-04

servant, CLARENDON
More Failures. u
From the London Times (City Artclel, May 2l.l
At the commencement of business this morning II was
known that the European Bank establishments formed
during the past few years by amagamaton with the
sEngfsh and Irish Bank, and also with some banking
necessary TO suspend In the existing pressure all
foreign finance claims England the event excited no
surprise and the only serious importance attached to u
be caosc for dstrust The nominal capital figures
for "a 000 but the amount subscribed e. 100
on which EG44 400 paid up The shares are Of ESQ,
with 2l5 paid and their quotation IA discount At
the last meeting the 18th Of February dividend
declared the rate Of per cent per annum 11s coo
and E3, 872 was carried forward.
The Banking Corporation Of New Zealand, whose
drafts were returned on Thursday last have called
meeting Of their shareholders for Tuesday, 70 propose
that they should voluntary loan TO meet the
are stated at E293 o0o while the liabilities arc only
f2oo leaving surplus Of 70 cover The paid
ospapces ncuans now orsue is said 70 BE-
k6 Most Of tho represented consist OF
secured claims solvent In tho colony, which,
OF course at this juncure totally useless for the
purpose OF obtaining temporary assistance
friendly petition has ben presented In tho Oriental
Commercial Bank matter, with tho view Of projecting
the pending the arrangements winch, Il is now
understood will be carried out for carrying the busi
The principal Lverpooi failures Of the week In add.
tion 10 that Of hessrs yemie have comprised tho Arm
Sudes and of Messrs Bou Ensh ABB BrsnSon mSoa sn ?
chants the liabilities in each case being large Mcssrs
pa Cadeli Co. merchants and ship owners and
also suspended, with liabilities Is supposed of less
amount II Is In illustration OF the fact that somc
would be injurious the chr apprehension
OF M that the shpownng firms who have faled through
the recent pressure would most probably the out
break Of hcetItiys have found their property greatly
increased In value.
From the London Times tCity Articlel Nay 22l
Tho shareholders in Oserend, Gurncy Co. Qimitcd)
a cd sdav
has been entirely with the view Of ascertaining pos
sibty Of renewing operations 80 as TO preserve the
In regard TO the progress Of the liquidation the compa.
ny spscial meeting for the Inter purpose will il is
said b. convened by the directors the report
shall have been preparcdprobaby at the end Of the
month Meanwhile the suggestion for the formation Of
provide that the whole Of whatever Capital may DO
subscribed shall be paid up and that there shall bc no
Annexed ia q commun cation regarding the a1airs Of
27 AusrnyrsRs, May q, 1860
Sir--Wc observe that rome periodicals are publishing
what purpo TO be lists Of tn, shareholders overend
Quincy Co, and other companies which have recently
suspended payment The public should beware of plac
ing any reliance these lists they are ali taken from
old registers, and utterly false and worthless as
guides the present holders Of shares In lis, which
Is published by journal viii VIC saw for the rt time
day the names OF two members OF this firm
for large numbers Of shares whereas no Of us holds
single share, or s on fhe register at ALL We may add
that the question Of the legality Of such publications will
speedily be put to the test.
flL
Mcssrs Gcllaily Hankey seweli, highly rcspecta.
bic mercantile and shipping firm, have in consequence
Of disappointment carrying some pending ncgotia
tons, resolved 10 Equidate under inspection. Mean-
while, arrangements have been Effected 70 secure the
regular continuance OF their important and we'll known
shipping business. II s understood that hasty cxami
nation Of their books by Mr. G. y Kemp the accountant
shows estimated surplus Of ~ least from ESQ 600 to
f75o00 Tho firm, II Is believed. could have gone on
but the interests OF all parties they determined In cx
cepiiona times like the present their freghts
and other property intact for the security Of ell
rs stated that the soppege OF heormer propretors
day. in no way Affects the operations or tho Ebbw Vale
Company fimited who purchased the works two years
ago. and have since carried them on with success
Reconssruction.
BRITISH OPINION OF PRESIDENT JoHNsoS's POSI-
TIoN AND THE RADICAL WAR.
(From the London Times May 221
There were, as must In justice be promised,
certain characteristics Of Southern institutions which
cvery one would desire 10 see efectualiy obleratod
Slavery may trust Is absolutely extinct never to re-
appear In any form under any disguise. But about
Nobody the United States believes for an instant that
slavery be rc-estabshcd that any hope Of re-
havo tecn expressed as 10 hc future posi-
ton treatment OF the liberated negroes but Is not
imssnsd in any quarter ha. they can ever again DO
finally dismissed. Again, Il may lie fairly required by tho
North that the south shall surrender all ideas OF scccs
and wtho reserve; but this point Also Is virudHy BE-
yc,d reach Of d3uM General Lee affirmed for the peo
Uate8men
generally that they accepted the Issue the war; and rc
nounced altogether their designs OF dssolvng Union
We may that the ruling party In Congress docs not
much profess TO entertain any suspic on or 10
desire any guarantee these leading points Their
misgv ngs openly avowcd take another shape They
profces TO bc not quite that tho representatives
OF the South n admitted 10 Congress- will consent
TO pay the debt contracted by the federals or TO
repudinte that contracted by themselves The
North claims at and the moment 10 impose two
uagonistc conditions on the South As regards the
Northern debt II Is TO be quidated without an idea OF
reputation; regards the Southern debt Ia 10 bc
rcpudiacd without remorse Yet even on these points
there appears very little ground for serious apprehen
SION According 10 General Lees evidence the debt In.
Cured by the Confederate government given up by
everybody In tho South absolutely lost while nothing
has over been said by any Southern statesman which
could justify any alarm for the debt incurred by the
North AZ present indeed the Americans appear 10 re.
gard their debt with very little concern and expect TO
from their boundless resources with such
ease aud In short time that Il need trouble nobody
when, however, after dsmissng these considerations
srccessively we come TO ask what Il Il that the repub
really want and with what views they are nov on.
posing their President and perpeso,n0 s disunisn
against which they fought, arc compelled 20 infer
guise Of political prudence That prudence dictates some
precautions IN the present conjuncuro no one can dcny
Little moro than year ago the States now demnndtnn
Omission 10 the Union arms against t nobt
ing 10 the DEATH and u hardly credited thai their
III millions Of citizens can oil at have reacqured
sincere lection FOR the alleg they renounccd ut
his amoInt OF suspicion Mr. Johnson himself ayows
md he = ready 70 exercise a. much cir.
- the case really requires He stnu.
o the upon The part of the South ana he ,s rcsdv
demand That e<rh yPufesentafive ..ot \.