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A ttottst 23., 1856.1 0? H E LEABEB. 789
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JAMES SADLEIR. AND THE NEWCASTLE BANK. A...
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STATE OF TRADE. The reports from the man...
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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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Continental, Notes. Frajsce. Socr.Vtes A...
arranged in 1858 for the redemption of this debt . Of itaSf ht series of bond 3 , dating from 1848 wh . ch by the terms of the regulation were to be withdrawn from circulation in 1855 , five have been replaced by new bonds , and four fresh series , each for twelve millions of francs have been issued to meet the necessities of the National Treasury . The national debt represented , on Se ? st of January , 1856 , the sum of 2 , 133 , 095 , 128 f . » Russia has engaged a considerable number of German workmen for rebuilding Sebastopol . Lord Granville , who arrived at St . Petersburg on the 8 th inst . had his first audience of the Emperor on the 11 th It is said that his documents contain nothing beyond the usual formal expressions , while the credentials of Count Moray are full of honeyed p hrases . The statement is confirmed in recent letters from bt . Petersburg , that expeditions have been sent out this summer to the Tschetschnia . SPAIN . The band of the brothers Hieros has been beaten and dispersed in the province of Burgos . The Gazette publishes a circular , addressed by the Minister of the Interior to the provincial governors , in which he gives them instructions relative to the reorganization of the suppressed municipalities and provincial deputations . He says : — " The Government learnt with much displeasure that the provisions of the Koya . 1 circular of the 26 th of July last , respecting the dissolution and reorg anization of the municipalities and provincial deputations , had not been understood nor faithfully interpreted , and that measures were adopted m certain provinces contrary to the spirit of conciliation and toleration recommended in that document . In some localities , the popular corporations which had ceased to ¦ exist after the events of July , 1854 , have been re-established , as if the Government intended to continue the policy of that period , and the recollection of certain dates and deplorable occurrences of which they are the symbol were not in flagrant contradiction with the object it is anxious to realize . In other places the alcaldes alone have been dismissed , thus imparting a restricted and even odious character of personality to a measure which , in the opinion of the Government , should only have been inspired by impartial considerations of public order . Finally , there are- towns where , in open violation of the lett « r and spirit of the circular , men professing certain political opinions were chosen in preference to replace the dissolved corporation . Considering these facts , and in order to correct the errors that may have been committed , the Queen has directed , and the Government recommends you faithfully to execute , the following measures : — " 1 . The re-establishment of the municipalities and provincial deputations dissolved after the events of July , 1854 , is and remains null and void , wherever it has taken place . The civil and military Authorities shall , without delay , concert measures to appoint iu their place persons mentioned in the 3 rd paragraph of the Royal circular of the 26 th July last . 2 . The municipalities of which the alcalde alone has bee n dismissed , the said alcalde shall immediately resume the exercise of his functions , without prejudice to the powers vested in the civil and military authorities by the 1 st and 2 nd clauses of the Royal circular . 3 . The provincial governor and the military authorities shall proceed together to reorganize ( conformably to the terms of the circular of the 26 th July ) t he municipalities and deputations whioh were named by those authorities to replace the dissolved assemblies , but whioh do not constitute a corporation iu harmony with tho 3 rd clause of the Royal circular . " The Marquis do Turgot is to return to Madrid in one month . PORTUGAL Some bread riots have taken plnco at Lisbon . Under an impression that the high prico of bread was caused by supplies being hoarded by tho bakers , a largo number of working men rose , pillaged soveral of tho bakers" shops , killed an inspector of tho market in tho Square of Commerce , and committed various excesses . Tho military ( whom the peoplo endeavoured to seduce to their side ) were callodiout against tho rioters ; but they nctod foobly , and , on tho Dth , 10 th , and 11 th inst ., tho duys following tho ovoning on which tho disturbances first broke outy tho mob continued to assemble . On tho last of those days tho King arrived from Cintra , and , having dismissed tho cominundur of tho Municipal Guard for want of energy , occupied tho streets with military , and compelled tho populace to disperse Tho King returned to Cintra in tho evening . ' Tho o ' iiiitun , or vino , malady , has reappeared this year in Portugal .. OUKUOH . A tremendous fire ; ban completely dostroj'ed tho Custom , llouso at tho Pi nous , with all tho property it contained . TUItKlSY . Kihriali ! Ptiohahaamispeudod hi * departure for Odortsa , tho Ottoman Porto having xecoived as yet no official notifiuatioii of tho accession to tho throne of tho C / . ar Alexander II . Tho Constantinople journals mention a lisa of live piastres in tho prioo of whout coining from the Danube and tho Boa of AzolV . Tho crops , novortholoas , arc said to bo abundant throughout tho East . A
deputation of sixty Circassians is expected at Constantinople . It is reported that the Allies will evacuate Greece in September . On the 25 th of July , the Governor of Erzeroum was officially invited by the Russians to take possession of Kars . The Russians make a demand upon the French for 400 , 000 francs for damages done to the Russian Embassy at Constantinople , it having been converted into a French hospital during the war . Instead of announcing the approaching arrival of M . de Boutenieff to the Minister for Foreign Affairs , Prince Gortschakoff has chosen to make the notification to the Grand Tizier . This has produced a considerable sensation . Two districts of Albania are in insurrection . THE DAmTBIAX PRINCIPALITIES . A new political party ( says a German paper ) has started up in Wallachia , and has distributed several thousands of its programme . It lays down as its first princip le the union of the two principalities under the suzerainty of the Porte , but declares that such suzerainty is to be exercised conformably to the ancient privileges of the country ; its second principle is to have a prince of a foreign dynasty ; its third demands a national assembly without any property qualification ; the fourth calls for ministerial responsibility ; and the fifth for liberty of the press . At the installation of Prince Alexander Ghika as Kaimakan , or Lieutenant - Governor , of Wallachia , Kamil Bey , the agent of the Sultan , delivered a speech , in which were several expressions that look rather ominous with respect to the designs of Turkey in connexion with the future position of the two Principalities . In the firman , Wallachia is spoken of as an integral part o f the Sultan ' s empire , and as " our Imperial province " and mention is made of the privileges granted by the Porte to the Wallachians—these so called " privileges " being regarded by the natives- of the Principality as rights , dating from-the commencement of . the Turkish protectorate . Amongst other unsatisfactory passages were these : — " Until the moment of the revision of the statutes actually existing , those statutes must necessarily be conformed to in principle . Every act concerning the administration and f uture state o f the country which shall not be conformable to the existing regulations must be considered in principle as non avenu . . . . Wallachia is to maintain a calm and dignified attitude , and to have full and entire confidence in the sentiments of exalted benevolence of his Imperial Majesty the Sultan , to hasten the internal administrative ameliorations which will be discussed , approved , and put into execution by the Sublime rortc . " Prince Ghika ' s reply included the following sentence : — "I beg your Excellency to believe that I will do my utmost in order that the inhabitants of Wallachia , happy in the consolidation o f their rights and of their welfare , may unceasingly bless the august name of his Imperial Majesty . " The words in italics , upon which the Kaimakan laid particular emphasis , were received with enthusiastic applause . It was remarked that the consuls of Prussia and Austria were not present on the reading of the firman . There is much talk of the return of the Wnllachian political emigrants—an event which Prince Ghika is said earnestly to desire . They are but few in number . MOKTTENEGItO . Recent letters from tho frontiers of Montenegro confirm the late horrible catastrophe at Kuci , and give further particulars of the murderous attack , which came quite unexpectedly . Forty Catholic families bad managed , with their priest , to escape the general massacre aud retreated to tho mountains , where they lived for three davs on roots and berries . On their return , they found their houses not only p lundered but burned , and this was also tho fate of the Catholic church . More than two hundred Turks of all ages , many of whom were women and children , were butchered in cold blood . In this catalogue of horrors tho unhappy fate of one Catholic family in particular has created the greatest commiseration and . sympathy . Tho husband was engaged in packing up his valuables when ho was attacked by . six of tho Montenegrins , who literally cut him to pieces . At the sight of this wanton act of brutality , tho wife was so appalled that , she instantly wont out of hor senses , and whilst in that state set . lire to tho cradle iu whioh her baby was asleep , thon killed her other childa littlo girl of five years—by splitting hor head open with a hatchet , and dually set lire herself to tho house , and perished in the flumes . — Daily News . Tho Montenegrins threntoning t <> invade soveral districts of Turkey , Kursohid Pueha . has app lied to Constantinople for reinforcements . A portion of tlio Guard is preparing to embark . tiWKDKN . A scientific expedition , under Admiral Gliisenape , of the Russian navy , accompanied by six engineers anil ouicer . 'i , is at present , exploring the northern coasts ol Norway ; and information has been received by tho Swedish Government thai the Russian General of l ' . ' . ngineers , Do Merg , who was Govornor-i ionerul of 1 < inland during tho late wniy has several times thin summer visited the coast of tho Gulf of Uothnia , opposite the northern coast of Finland . It is supposed that it Jd intended to convert the small island of lvattko into a second Swoaborg , and thus to menace Sweden .
A Ttottst 23., 1856.1 0? H E Leabeb. 789
A ttottst 23 ., 1856 . 1 0 ? H E LEABEB . 789
James Sadleir. And The Newcastle Bank. A...
JAMES SADLEIR . AND THE NEWCASTLE BANK . A special report , prepared , by- Mr . William "Walker , managing director of the Newcastle-on-Tyne Commercial Bank , has been published . It has reference to the connexion of the bank with James S ' adleir—a subject recently brought before the attention of the Newcastle directors . Mr . Walker states that , owing to an . attack of paralysis at the end of 1853 , he and his coadjutors considered it prudent to wind up the bank . A negotiation wa 3 afterwards opened with Alderman Kennedy , of London , with a view to div sing of the concern' to the Royal British Bank ; but V ise negotiations failed . However , owing to the instrumentality of Alderman Kennedy , the bank was sold , in the course of last October , to Messrs . Kennedy , Law , and James Sadleir . Five London directors , nominated by the purchasers , were then elected at their own time and in their own mode ; and Messrs . Sadleir and Law were two of these . A request was subsequently made , much to Mr . Walker ' s surprise , that the cash and bills should be sent to No . 6 , King William-street , City ( where it was proposed that the new directors should meet , and manage the affairs of the bank ) , because , as it was alleged , it would be necessary to examine the bills before they could be placed in the hands of the -agents—the London and County Bank—for collection . This was acceded to . Mr . Davidson , the manager at Newcastle , was discharged , and Mr . O'Shea was appointed by the London board manager instead , at a salary of 500 / . a year . In the course of last February , Mr . Walker was requested to leave the bank altogether ; but the London board had not paid any portion of the purchase-money of 50 , 0007 ., and Mr . Walker successfully resisted the demand for his withdrawal . " On the 10 th of March last , " continues the report , " Mr . Walker was informed by Mr . Alderman Kennedy that Messrs . James Sadleir , Law , and Keatinge , three of the London board , had allowed the funds of the bank to be used in discounting orders of the Tipperary Joint-Stock Bank , endorsed by Messrs . Wilkinson , Gurney , and Stevens , or by Mr . Gurney only . This , JVlr . Kennedv stated , had been done without his knowledge , or that of his co-director and relative , Mr . Valliant . This was the first intimation of the fraud received by Mr . Walker ; and the shareholders may readily conceive Mr . Walker ' s chagrin , when he found that his friend at the board in London , Mr . Alderman Kennedy , on whose judgment and integrity he chiefly relied , had allowed himself to be Imposed upon by other persons at the same board . On the 17 th of March Mr . Walker discovered that the sum represented by these Tipperary orders amounted to 51 , 000 . / . Mr . Walker has taken steps ; to prove the debt due by the Tipperary Bank , but Mr . James Sadleir has created considerable impediments in the way of the proof . Mr . Walker has commenced legal proceedings against Messrs . Wilkinson and Stevens for 10 , 000 / . It Avas expected that the case would have been tried at the last Newcastle Assizes ; but on the application of Messrs . Wilkinson and Stevens , the case has been removed to London , where it is hoped that it will be disposed of in November next . An application to the Court of Chancery by Messrs . Wilkinson and Stevens to restrain the action has not been successful . "
State Of Trade. The Reports From The Man...
STATE OF TRADE . The reports from the manufacturing towns for the week ending last Saturday continue to indicate a steady trade at firm prices , with a general absence of excitement or speculation . At Manchester , tho market remains inactive , but stocks are low and quotations well supported . The Birmingham advices mention only a slight tendency to recovery in manufactured iron , but the general trades of the place show an improved homo and foreign demand . At Nottingham thorc is increased confidence , owing to tho harvest at homo and good accounts from Australia and America . In the woollen districts there haa beon no alteration , and in the Irish linen-markets there has been a full business at former rates . —Times . The strike of tho stonemasons at Noweostlo-on-Tyne for a weekly half-holiday , still continues . Some few of the small musters have acceded to tho claims of the workmen , but the large majority of tho principal omployors refuse to comply with tho demand of the men , as they consider it unjust that they should enjoy a weekly half-holiday at the expense of their employers , without presenting any equivalent . All persons connected with eominorco will bo glad , to loam that the question of tho Sound « luus ' « « K » " > » Pproaehiug tho probability of a solution . It appears taut llurr lHulnno , the president of tho commission , has uad an interview with Mr . IJuchanaii , tho ISngliah minister at tSoi . cnh . uKou , <>» the subject , and obtained , a satisfactory answer to the proposal * of Denmark for capitalizing the duos . The British dip lomatist , also , on his recent return from London to his post , in . paflsiiiR . througU Uerlin hud u conference with Baron Muuteutlol on tho subject , which was also satisfactory to the- views of Prussia and Denmark . The directors of the Ottoman Wank have nnnounoed that business has beon commenced , at Constantinople and Galutz .
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Citation
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Leader (1850-1860), Aug. 23, 1856, page 7, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_23081856/page/7/
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