The times. [volume] (Richmond, Va.) 1890-1903, 1894-03-25

ex-Cabinet ministers-Slr John Eldon
Gorst and Sir James Ferguson, re-
spectively Solicitor General and POST
MASTER General in the Cabinet OF
Lord Salisbury. and Sir George Rus
sell, member OF Parliament for Berk-
shire. These gentlemen were d.
rectors In the company. and were large
ly instrumental in its promotion. The
receiver of the companys affairs after
thorough examination OF its condition
and the causes which led 20 Its insoi-
vency, has made a report In which he
arralgns the entire board OF directors as
having given their assents to misleading
statements Of the company's assets. lia-
bilities. prospects, etc. in their official
reports, and has even hinted at fraud in
their issue Of expenture bonds. The
receiver concluded his report with de-
mand for the public examination of the
directors. and thc court has decided that
the examination shall be proceeded with.
Mr.. Mundella. after the publication Of
the purport OF the receiYers report and
me decision OF the court rendered his
resignation 10 Lord Rosebery. but the
Pnemier deferred his acceptance. until
ne could ascertain whether or not the
Developments of the examination In court
justified Muniella's retirement.
The political career of every one OF the
gentlemen named is involved In the out
come of the court proceedings. and their
political future will inevitably be blasted
II they cannot clearly prove themselves
innocent of the charges Of the receiver
OF the New Zeaand Company.
According TO Stock Exchange gossip.
several brokers of the best standing So
ciaily and financially have been discovered
10 have had dealings with Frank May.
the deposcd chief cashier Of the Bank OF
England, and have been asked by the
governing committee Of the Exchange 10
explain their violation of the rule which
prohibits any member Of the Exchange
from transacting business with officials or
clerks belonging TO public establishment
without the knowledge OF the latter's
superlors or employers. It is said. how
ever, that as some Of the members OF
the Exchange committee are known to
have acted as brokers for May I'm some
Of his transactions the inquiry into the
matter is not likely to be very exhaustive
or very disastrous to the culprits.
W. w. Astor - Pleased Win Himself
Mr. William Waldorf Astor Is very
proud Of his election TO the Carlton club.
and especially desires TO have II known
that ne was chosen 10 membership out of
his turn. and over the heads OF hundreds
Of gentlemen who were ahead of him on
the list of proposed candidates. MFR. AS
tor also wishes it to be known that he
Is the first American who has ever been
so honored lie was proposed by tho
Marquis of Abergavennl and this act
also Mr. Astor would like 10 have known.
The money that Mr.. Astor has been spend
ing I'm the cause Of the Conservative
party was what elected him. but II is
not stated whether Mr.. Astor wishes this
20 be known or not. Anyway n Is known.
To-day's issue Of the Pall-Mall Gazette,
Mr.. Astor's newspaper, contains an arti-
Gle with the captions i'm big type; Irish
msgovernment-the United States NUM-
cipal Degradation" The article says that
the Irish have shown by their adminlstra-
tion Of the municipal affairs of certain
American cities that they are dangerous
TO civilization. and points the moral that
Home Rule for Ireland would ruin the
United Kingdom, adding The Irish
ought TO bee kept down.