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box is discovered containing the emaciated remains of a boy , marks on the skull directly suggesting : that death had been caused by violence . In Ireland , i the Tipporary boys' are awake in . the old bloody 1
spirit , and talking darkly of the coming ' long nights of -winter . ' They scarcely < deiga to conceal tlteir sympathy with the murd&rars of Mr . Ellis , ' Init are taking some pains to induce a belief that iie i * s been killed , not for anything which he had done in the exercise of his agrarian splits , but ' as retribution for a domestic treason . If any man objects to be murdered in this way 5 statistics blandly assure him that Ids death falls into ' only' so much per cent , on the population— such is the security of life in a country which / &c . " The event of the "week has been the unsuccessful
attempt to launch the Leviathan . Vexatious as the failure has been , it has established one very important point , namely , the general sufficiency of the mechanical arrangements for getting- the marvellous vessel afloat . Only one thing was wanting to ensure success—intelligence on the part of the subordinates chosen to apply the machinery . The remedy for that defect will easily be . found on the occasion of the next effort to launch the vessel . And , meanwhile , if we have been somewhat mortified by the failure at Mill wall , we have the gratification of an important success at Cagliari , whence we learn that the line of submarine telegraph has been completed between the island of Sardinia and the coast of Africa .
Lady TLvhiuxgton will have it that the Derby jury have charged her a great deal too much for the expressions which she used towards ' that man HiGHMOBE . ' To be made to pay 750 £ . for merely saying that a certain parson was a low vulgar fellow , a bad character , so wicked that she wouldn't take the Sacrament at Iris hands ; that he pocketed the money given for the repairs of the church ; that lie was always telling lies and never speaking the truth ; always playing cards and gambling ; and lie and his wife constantly drunk and rolling about on the floor !—for nothing more than those few sentences !—spoken by a countess , too ! The jury were a pack of mean-spirited ninnies , and their verdict was a ridiculous interference with the rights of
countesses . Therefore , application was made on Tuesday , at the Court of Common Pleas , for a rule to set aside the preposterous finding of the jury . This was the answer of the Lord CLief Justice , who sat with Justices Williams , ' Chowder , and Willes : cf We are all of opinion that there should be no rule in this case . In a conflict of evidence between Mr . Jones and Lady Hahkingtcn submitted to a special jury , it was very unlikely that all the twelve would have been of hostile jjolitics . The matter having been submitted to the jury , and they having found Mr . Jones's statement worth y of belief , and taken that as the basis on wliich tliev found their
verdict , I , for one , have no hesitation in expressing any opinion that the damages arc not at all excessive , considering the destructive character of the slander against Mr . Highmoke as a gentleman and a clergyman . " The opinion of the Lord Cliicf Justice caLls for no comment . We arc proud to acknowledge that the spirit of the English bench is seldom betrayed by its judges . Mr . Commissioner Holroyd ' s decision in the case o £ Sju > gkovis and Bagg is severe , but not at all in excess of justice : he has refused to grant Hagg a certificate , and has suspended that of Sadghove for two years . But ,-we know that these bankrupts have only employed such means of raisine capital
as arc largely employed in trade , successfully , and therefore undiscovered . The pemiciousness of such a mode of doing business is . obvious , but it will require very many decisions like the present to effect a cure , or oven a partial cure , of the evil . The case of Evans and Thoivne , convicted of a libel on the Deputy Chairman of the Submarine Telegraph Company , is not ; yet done with . A public meeting , after hearing some explanations given , which , it appears , were not available aa evidence on the trial , has conic to a decision adverse to that of the jury ; the result being that a memorial is to be forwarded to the Home Secretary , praying for a mitigation of the sen ! once .
The plot thickens in the commercial world . The latest intelligence from America is dark and gloomy , although we can see sunshine through the clouds , failures continue , mid must ; continue , since the 90 , 000 , 000 dollars of ascertained bankruptcy cannot be brought to a wind-up without involving
many persons whose own proceedings have bee 11 sound . The pressure , of course , has operated in this country . We have had our failures here ; they are announced every day to a considerable amount . At the saaae time remittances arc made to America
on joint ^ stock property m that country ; some amowats have also been sent against , skipraeaits to this country in the absence of remittances to the other side , and money has likewise been remitted to America for purposes of investment speculatively in tbc present anomalous state of . the market . At the s « me tune , the flax of gold from this country , to the Continent has not been abated . It is maintained to keep up the appearances of the Bank of France ; the Minister of that . country having issued a formal report , in which , amongst other efforts to show the brilliant state of French finance , he cites a large balance of imports of precious metals over
exports within the last ten years , and even of 62 , 000 , 000 fr . within the nine months of 1 S 57 . This is asserted in a report on the Budget of 1 S 59 , which boasts a balance , without alteration of taxes , of -IS , 000 , 000 fr ., whereof , in order to make a theatrical effect , M Magse would devote iO , 000 , qOOfr . to a reduction of the National Debt . Iu alluding tenderly to the difficulties of the country , he ascribes them to the diffiexuties in other countries . We know what perfect delusion all this is . It is true that the trade of France has increased , true that the product of her taxes has
grown larger ; but the expenditure keeps puce with the product of taxes , and the spurious speculative commerce has increased more largely that the genuine . These are the reasons why from East and West there is a continued drain upon this country . England is playing the foster-mother to the commerce of the East and West ; she is a fostermother wko has twins , and they have enormous appetites . Here we have the reasons why the Bank of England has this week been compelled to raise its discount to the unparalleled rate of 9 per cent . It lias been followed with the usttal diiference by the Bank of France , which has raised Us own . rate to Si per cent , lleallv the monetary position of this country has not changed , and on that score there is not the slightest cause for apprehension , so long as panic-niongers are unable to do what they want , which is , to force the Ministers into breaking down the principles upon which the Bank has been so successfully earned through all the vicissitudes of the last thirteen years .
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STATE OF TRADE . A meeting was held on Monday afternoon of creditors of Mr . A . Hill , shipping agent and commission merchant , -whose suspension followed upon the announcement of the failure of Messrs . Ross , Mitchell , anil Co ., ¦ with which firm he had had accommodation transactions . A statement of affairs , prepared by Mr . Chatteris , the accountant , was submitted , from which it appeared that the total liabilities expected to be provod against the estate are 61 , 2 G 8 / ., of which 50 , 177 / . is on account of accommodation bills . The assets are estimated at 17 , 430 / . A proposal was made on the part of the insolvent that a composition be accepted of 5 s . 8 d . in the pound , payable in three instalments , oxtending over a year , to he succeeded by a further dividend of 2 s . 4 d . to the trade creditors only , secured by an assignment of claims of the estate upon , tho drawers of the irregular paper . After a short discussion , a resolution was passed accepting the terms , subject to confirmation by all the creditors within one month .
The general business of tho port of London during the past week was to an average extent . The report of the committee of shareholders of the Royal Surrey Gardens Company , appointed on tho 5 th ult ., states that they have examined tho counterpart of the lease which was granted to Mr . Tyler , and sold by him to the company for 14 , 000 / ., and find that there was at tho time of such sale a term , of only twelve years from Michaelmas , 185 G , unexpired ; that the premises were subject to a yearly rent of 346 / ., and a . septiinnial fiaii of one year and a half of the annual value of the premises ; that there is no covenant for renewal in tho said lease , and there is a covenant on tho part , of tho lesseo to deliver up at the end of the lease all buildings
which can by law be claimed by the freeholder . The eommitteo aro of opinion that under these circumstances tho lease of the gardens at the time of the pureUaso by tho company avub not worth above 1000 / . it appears that the general body of the shareholders were entirely ignorant that tlicro were any mortgage on tho properly , or that tho company was involved in debt , until they wore informed of it by tlio ailidavit of their own secretary , filed in support of the petition to the Court of Bankruptcy . The committee huvo coma to tho eonelu-Bion that tho premises might bo made a place of healthful and rational recreation , aa well aa a source of couuidernble profit to tho Hhnrulmldera , Init it can only bo done under a system diumolricully opposite to thut which hua i i
heretofore been adopted . They axe of opinion that the plan of continually giving very scienti 6 c music is great mistake . The committee recommend , as a general role , a more varied class of music , and of a more national efcmracteT , such as the best English , Scotch , and Irish compositions . The committee recommen d that proper steps should be taken to have a full investigation of the mortgages and all claims on the company , in order to ascertain Tvhat the encumbrances really are , andwlicther such arrangements could be made as would enable the comparry to carry on the gardens with a prospect ol paying the creditors , and giving some return to the shareholders .
Ihc suspension was announced on Thursday monnn < - of the oW and important house of Is ay lor , Vickem , and Co ., steel-manufacturers and iron-merchants , at . Sheffield . The amount of their liabilities has not been stated on authority , but they are rumoured to range between 600 , 000 / . and 700 , 000 ^ . At a meeting of the depositors and others , credi tors of the Liverpool Borough Bank , held at the bank on Monday , the following offer was made on the part of the bank : —" That the claims of all depositors and other creditors for amounts exceeding 200 ? . should be satisfied by the promissory notes of the bank , payable at five . twelve , eighteen , or twenty-four months' date , bearin g interest at the rate of seven , per cent , per annum . " This offer was accepted .
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AMERICA . The panic appears to be over ; but some new suspensions are announced—among them that of the Grand Trunk Railway Company . At Augusta , Georgia , all the batiks have suspended . In other cities , however , several houses have resumed payment ; some of the banks are again issuing specie . At a meeting of bankers at Cincinnati , it was resolved to receive at par the notes of the New Orleans banks , aud the notes of all banks also that are bankable in New York , Boston , Philadelphia , Pitts burg , and Baltimore . At-New Orleans , the bank presidents have agreed to take certified cheques on tho
Citizens' Bank in payment , of debts ; the Citizens' redeems its circulation with specie , but not cheques of depositors .. The State banking institutions of St . Louis have opened a depository for the adjoining state ; for the currency ' of the New England States and the State of Kew York ; and for the notes of the Philadelphia , Pittsburg , and Baltimore hank ' s . A large number of the principal merchants advertise that they will receive all currency at par . There have been-no sales of cotton for several days , and quotations were entirely nominal at the last dates . Walker and his filibusters are apain giving trouble . A writer from Washington states : — Information lias been received here from the South that " Walker ' s expeditions—one to leave New Orleans aud the other Galveston—have been delayed , in consequence of linnncial pressure , until the 1 st of November . They do not expect to meet with serious , if any , opposition fro hi the Federal ollicers . They propose to land at souk- point in Costa Rica , on the Atlantic coast , and then march on San Jose , the capital of that republic , which they expect to reach in two days . Their calculation is that when they capture it the whole country will be intlicir possession . The aggregate of the Filibuster force is from 1800 to 2000 men . " Qilicial orders have been received at the naval yard to fit out a fast steamer , to be despatched to arrest the expeditious . A freshet in the Susquchannn river hn > curried oil' a . dam , and the navigation of the North Branch Canal is stopped . A great fire , attended with some loss of life , had occurred at Chicago . The damage was estimated at 000 , 000 dollars . The steamer Tropic has struck against a * snag' in the Missouri river , ; m < l twelve or fifteen people were drowned . Indiana has chosen Mr . Chase ( Republican ) «* their representative in Congress . It is stated that Now Grenada is disappointed in tho convention lately agreed upon between the United States and that country ; and that the President of the latter has been authorized to sell tho Isthmus . " Hundreds of persons , " says tho Washington correspondent of the Keio York UuuiUT , " daily applying to Lord Napier for employment in the British nvniy m India , llo requested me to say that his Uoveniiueni 1 ms resolved to employ no foreign troops in lliat win . Tho latest accounts from the . Salt Lake stuU" Hint tin ' Mormons refuse to allow the United States troop . y " miter tho city , and that Urigham Young puhhdy ; ll " clarcs that ho will set lire to the prairie , thus di-pn \»> p the animals of the expedition of siilisi .-ilciKr , " " . ^ burn hi * own city , if n <« o-s , snrv , bi-fur « - be will suUimi »•> tho demands of the Unitort States Ciovirnnynl . in forts along the route aro repiv ^ uted ns 1 >* ' »> K in """ repair , and aa not uuording suMdunl protection i » 'i troopa . , ; . A now overland route , to California Inn l « ' < -n " > " covered , which will tmvn ninny mile- * of trnvi-l . Tho . Arctic I iiih arrival at New York , having VJ ^ three months on wurvcyu in connexion w il 11 u " ' Telegraph . ,, f 00 ] c Tho Liverpool packet ship Jacob A . W « -slcrv « a i fire on tho 2 flr < l ult ., in her cabin , and was il : inm |^" the amount of about 2000 dollar * .
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1058 . THE li -E AD EE . [ No . 398 , November 7 , 1857
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Leader (1850-1860), Nov. 7, 1857, page 1058, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2216/page/2/
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