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November 22,1«56..] Til LEADES, HIS
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a t t s -^ c.; t k ;t 1 c. ? "* t * * ' ...
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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The "Dniteb Defalcation, Garotte And ©Bn...
ing to . eminent shareholders "who are allowed to draw : their dividends without vouchers , the a purchase of stores at a price probably agreed a ¦ upon with the vendor and lower than the s price charged to a company , the use of a m company ' s cash ia other undertakings , the p sale of tickets for passengers , & c , the taking &} of securities and raising money upon them , if ( the concerting of plans for intercepting w bullion , & c , in transit from station to station , s . w—all these methods have been in part anticipate 4 , and it is not desirable to detail the yet fi -larger number of ready devices in which the r 4 > rospeotus ia rich . The one certain thing is ii . that there are many modes of turning to ac- a -count the capital , income , securities , and c stores of any great company under treatment h . t—many more than have yet been disclosed . C JBut the new Company propose to add both e -to the extent and eertainty of the operations ( by having their own agents as contractors , clerks , registrars , foremen , auditors , and even t directors of the other companies selected for t exploration ; in short , in . any capacity of trust , i The only limit would arise from the incon- /\ venience of numbers , and the danger of the £ arrangement becoming known to the general i shareholders . "t ¦ ' ¦ ' ¦ ' Qpe most interesting feature in the plan < will he appreciated by Messrs . Hedpath , £ Robson , Cole , & c .: it " consists of an excel- J lent arrangement for facilitating the' retire-. ] merit of any ' active' shareholder who might ] be interrupted in the execution of his duties , ] and put to inconvenience . It will readily i be perceived that the Company , possessing 1 unlimited command of easily with its agencies < in every quarter , on every line of railway , i and in every port , and having / many private \ houses necessarily connected with the enterprize , would be able to offer temporary retreat at once , and a free passage to any part of Europe and North America , or , —too much neglected under such circumstances— - Asia , South America , and Polynesia . The next in importance is tlie Plant and Domestic department , for the accniisitioii of property in private houses . Hitherto the instruments in this department have been of the rudest description , and totally without organization . It has been impossible to preserve every improvement that lias occurred to individuals , however eminent and ingenious . Ia connexion with this branch , though ostensibly a perfectly independent establishment , will be a Domestic Servants' Office . CThe Locomotive Dejmrtment applies to railways and the ordinary highways . There is no reason to suppose that AgAit had any employment under the Company , although the coincidence is curious . Indeed , the fate of that exceedingly able and honourable man ia a striking example of the want which has been so long unsupplied . A separate office in the [ Locomotive Department is devoted to the Gai'otte Office ; a new branch , but capable of infinite development . An eminent firm has contracted to supply an assortment of new implements for this branch , on a highly improved principle . The branch office , however , will bo limited , as the risk is considerable , and the returns precarious , Bometimes contemptible . Another branch of the locomotive ia tho Omnibus Office ; a peculiarly quiet and profitable line . In connexion with the Locomotive Department , arrangements liavo been made for a strong recruitment of tho police with men . of good character . It is believed that it will bo possible to prevent tho men , temptod with the hope of trading on their own account , from forming dangerous connexions witli illtrained lads , such as so seriously compromised tho policeman King , from whom better things might have been expected under a better system . 1 e a 1 e a , e g i * is % " v , i- t e s s- d t I . h is s , n > r t . i- ie 3 . 1 n i , 1- B-. it s , ly ig 3 S y , to r- ry iy oo — nd of he of ut e- to is . 3 s- ih- to jxo ny gh ate tan las ) e- 2 e ; op- to for : > le . , as re- tho > fit- ivt- r a t of L bo Hth mt , ill- iscd ! nrra tter
: : The promoters of the Company throw out strongly-iroraed but homethruat warning against the dangerous practice of area sneaking ; and they state explicitly that tliey will not countenance any connexion -with pocket busiaess , whether in the streets , at the theatres , or places of public amusement . It a paltry line of operations , full of risk , and wholly unworthy the attention of any re- spectable association . It is in contemplation to establish , in eon- fidential connexion with the Company , sepa- rate companies , or firms , for the purposes of insurance , shipping and shipping insurance , and contracts with Government or railway companies . The Servants' Office has already been mentioned . At the chief office will be a Clearing House in connexion with the branch establishments in the chief towns and on tiie Continent . ¦ , . But one of the most important sections of the whole enterprise is a bank , to be called theImperial British Bank ; a great conve- nience . It was at first thought that this would , need a separate capital ; but those who are veil informed , know that no capital is needed for the foundation of a bank . There will , however , in fact , be another bank in connexion Avith the Company , of a perfectly safe kind , for the use of the shareholders and connexions . In order to preserve the perfect solidity of tJiis part of the establish ^ - ment , it will be necessary to exclude the public , and especially the commercial classes and the gentry ; l > otli of whom are soreckless that really it is difficult to see how any well- conducted establishment can maintain itself if it is open to those two classes . For the general public tlie Imperial Bank is esta- blished ; hut it vill be strictly watched by the directors . An important branch of the General Ap- propriatibn department , at present very little developed , is the Bankruptcy department . It is not the difficulty of finding business , but , on the contrary , ' the immense mass of business which ; awaits the- Company in this line , that lias retarded the settlement of that part of the plan . It is necessary to make the arrangements as complete as possible , in consequence of the intense competition already existing in the particular branch of business , and the extent to which the Defalcation , G-arotte , and General Aj > propriation Company has been anticipated . It will scarcely be necessary to found new establishments in all cases , for it is probable that alliances may be formed with companies or firms already existing and enjoying a high character in g ' eneral . commerce . Intending shareholders ia the Defalcation and General Appropriation need be under no apprehension that connexions will bo formed with any but houses of tho highest standing . On that head there can bo no difficulty , as was aLun dantly proved in the case of Mr . J . W Coxe . One essential will be to have the Company well represented in both Houses of Parlia mont ; and with regard to one House , at least , tho arrangement will be easy . The Company might have possessed its two mem bers on the Liberal sido in the brothers Sadi / eir ; it was tho want of the company that destroyed the really masterly plans of those members . As to tho success of this enterprise , there can . be no question . It meets a want . The success even of a second discount house in tho City is loss certain . The field enterprize is wiploughed , save by individual adventurers , wlioso profits liavo been cnor mous . The elements already exist . The solo doubt would Ho in the Avant of experience ability , or trustworthiness of tho promoters but their interests nro too completely iden
ti di tl a ] w si w gi tc m te fi as w p a < ty tl o ; -ti ^ m—^—~— ^ i i ¦ . i i -i — - i i ¦¦— — ^•^^^^^^^^^^^^^ mm ^^^^ m ^ m tified with the project to leave room for doubfc , if any were permitted respecting gentlemen of so much talent , moral character , and social standing as those ? whose names will be submitted to intending purchasers of shares . At the head will be a great capitalist who has already engaged in a vast ^ arie . ty of gigantic undertakings , without ; any accident to himself . In the present state of * he Sharemarket , the general public naturally feels deterred by the alarming reports . People shrink from schemes so reprehensible and hazardous as Credit Mobilier in -Spain , or Russian railways . In the Defalcation and General Appropriation they find an ascertained field of activity ; and in the identity of interests between shareholders and directors they have that exclusive guaraatee , so absent in anany other joint-stock companies , honesty of direction . : ' . - : ' . .-. •;;; . . ' . . . . .. . - ... . . ;• ¦¦¦
November 22,1«56..] Til Leades, His
November 22 , 1 « 56 .. ] Til LEADES , HIS
A T T S -^ C.; T K ;T 1 C. ? "* T * * ' ...
a t t s - ^ c . ; t ; t 1 . ? " * t * * ' . - . - - of - , ; - THE GENERALS AT & ARS . GtEnebaij KImetx has published an unpretending pamphlet * to vindicate his amputation , and services , which , he considers , have suffered unjustly froua omissions in . General Williams ' s despatches and public speeches . As though he were unwilliag to make a direct appeal , his pan ) phlet is little more than a fall account of the battle of the 29 th September . It is indeed a complete mUitary monograph of that battlej , aad , as the production of the chief actoi in the events described , and of a man of undoubted veracity and great experience , will doubtless have its value for military students . To understand the value of the argument implied , it is only necessary to premise that the operations before Kars never lost their character of a blockade except upon one day , and that with that single exception no fighting , which rises in dignity above a skirmish of outposts , took place throughout . General Kiiety ' s statement is that , except some distant cannonading , the whole of that action was fought by troops upon the left bank of the river , that he was in sole command of the whole of these troops and of the works defended by them , and that he never receiv ed any order from anv superior officer throughout the day . Colonel Teesdale , the only Englishman who was other than a distant eye-witness of the main struggle , who , iu a , letter written immediately after the battle , gives the whole glory of the day to " dear old Kmett , " may be cited in support of this statemeat . 3 tfor could General Williams himself , who publicly thanked him for the victory in the name of the Queen of England , have at that time . thought very differently , [ Although it is not until his third despatch t after the battle that Sir Een wick "Williams [ . mentions General Kmety , and then only as ( ! commanding ' the division' on the Tachmas ( a part only of the lines on the left bank ) , and " . although in that despatch he is only mentioned as displaying " conspicuous courage aad conduct" promiscuously with . Hussein . Pacha and M : ijor Tkesdale , his own chief of I the staff , General Kmety complains less of ^ these despatches , which might fairly be ex"_ pected to be occupied with English achieve-~ nients , than of tho public speeches . ^ These , although they abound with descriptions and {• anecdotes of tho siege and of this victory , which he considers his own , cither pass by his c name in silence , or only present him without special mention in the company of far less diae tinguiahed officers . Unless General Kmlkxt > f has departed widely from . the ' chivalry and t i modesty' which British officers liavo attri-. buted to him , and unless Col . Teebdalk was ~ mistaken , and Sir Penwick Wixliams has , since found cause to modify his good opinioa - ) , _^ ' . ¦—5 * Narrative of tho Defence of Kara . Trnmlated from I- the German of George Kinoty . (<) . Kid ^ vay . )
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Citation
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Leader (1850-1860), Nov. 22, 1856, page 11, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_22111856/page/11/
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