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IS TAXATION A FAILURE?

(and who have therefore a direct interest in increasing that amount), often have to work from very imperfect notes, and seem to be less guided by the record of what

has been done, than by what, in their opinion, formed II.

from experience of similar cases, should have been done. THE result of the system detailed last week is pretty They are also not restrained, as the solicitor himself much what might be expected. The greater the length might be, by the fear of professional opinion, or of of the documents, the greater the profit of the solicitor losing a valuable client, and they have no scruple not -the documents, therefore, become unnecessarily long. only in practising all the usual arts and wiles of costs Affidavits are crammed with verbiage which, profitable compounders, but in inventing attendances and letters as it may be to their concoctors, adds nothing to their

to an extent which would make even Messrs Dodson credibility. “ The truth will leak out, even in an affi

& Fogg stare. davit," as a learned judge lately said, and the brief is These last items indeed form the most fruitful source converted from the concise statement of facts which of dispute betweon solicitor and client. However ignorthe word implies, into an incoherent mass of testimony ant the client may be of the law, whatever his idea may and argument jumbled together with careful attention, be of the necessity of the steps that have been taken on not to brevity, but to length. To this document, in

his behalf, he yet has a lively recollection, as he deed, the solicitor mainly looks for indemnity against notices the number of times that “Attending you the ravages of the taxing-master, and long-winded dis- recurs in the bill of the very small amount of quisitions upon the law, correspondence which would comfort that he derived from most of the interviews be instantly struck out of the bill if openly charged as

for which he is expected to pay. One he remembers such, and sometimes absolutely irrelevant nonsense are

at which he first unfolded his wrongs to his adviser ; often to be found in it. The story is well known of an and another distinctly enough where the same adviser eminent counsel who was accustomed to ask the solici

asked him for a cheque on account; and perhaps a tor instructing him to point out the pages of the brief third, when he was taken round the corner by a seedycontaining the latter's observations, and then to fling looking person whom he discovered to be his adviser's the pages indicated into the fire. But it may surprise

clerk, to swear an affidavit that he did not understand ; the uninitiated to hear that in many cases the brief is but beyond this he cannot at first remember that never drawn at all until required for taxation. Thus, he has had any “advice " whatever. Gradually, howin some Common Law actions, and in nearly all ever, it dawns upon him that he can bring to mind Chancery ones, there are a number of what are termed some of the occasions on which he was “attended," but “interlocutory" applications to the court, which pre- how widely does the Solicitor's record of these intercede the regular trial. These are generally made upon

views differ from his recollection! His lawyer, as he the advice of the junior counsel in the case, who gets then thougbt, with unpardonable stupidity, did not such facts as he may require for them from the solici- understand some point which at their first meeting he tor in consultation. The written rerapitulation of the fancied he had made clear, and wrote to him to facts would seldom be of any advantage to him, and

call that it might be further explained ; yet ho his brief in these cases frequently consists of a piece of finds this put down in the bill as" attending you, blank paper marked with his fee, on which he endorses as to so-and-so, when you went into the matter in the result of the application. As this would produce detail and advising thereon.” Or, he can remember nothing to the solicitor except the commission on the that more than once, being anxious at his lawyer's fee which has been noticed above, it is supplemented silence, he called at his office to enquire as to the just before taxation by a regular brief made up for the progress of the matter : this now appears as, “ Attendoccasion, and with the advantage of an ex post facto ing you on your calling, reporting to you very fully az knowledge of the grounds on which the application to the condition in which the matter stood, and succeeded or failed, and this is annexed to the piece of advising,” the last words evidently referring to a paper actually delivered to counsel. The taxing master, remark made by the lawyer as the client was leaving although he may have his suspicions, is of course with- the room that “the whole affair might be over in out proof as to the date of the annexation, and therefore a month.” Or, again, some document was prepared for allows the charges for the supposititious brief to pass his signature which he was requested to call and see in without comment.

draft; on doing so he pointed out that the christian It may possibly be urged by some that practices like names of some of the people mentioned therein were these, however consonant with the character of the wrongly given, or that some other verbal correction older type of attorney, would not be sanctioned by the was necessary: he now finds this interview described as - modern solicitor, who is generally a gentleman of edu- “ Attending you, reading over and explaining so-and-so cation and culture. It is, indeed, difficult to believe that to you, considering your suggested alterati'ons and a scrupulous mind not hardened by custom would easily advising thereon and taking your instructions. stoop to such petty trickeries. But there is no reason And in all these cases it should be noticed the client at the present day why the young solicitor should is utterly without the power of retarding the growth of know anything about them at all. A graduate and an the bill against him. It is the lawyer's letters (or his increasing number of articled clerks are graduates) has silence) that compel the client to dance attendance at quite enough to learn during his shortened articles of his office ; and it is the lawyer's mistakes for the clerkship without troubling himself about such uninter- rectification of which the client pays. So much, indeed, esting details as the principle on which his master's is this the case that it may be safely averred that the bills of costs are constructed. And when he becomes attendances and letters in every bill that comes before a partner, he will probably, if it is an old-established the taxing master (and a fortiori in those bills which firm into which he enters, find the preparation of the are paid without taxation) are at least twice as numerous firm's bills delegated to one or more old and trusted as they would be under any system by which the clerks, who of course see no harm in the system in solicitor might frankly charge å lump sum for his which they have grown up. The trickery, if it is services. honestly considered in solicitor's offices as mere trade, And, be it noted, the client is not the only person who or rather professional, technique or form of art, and no suffers from this state of things. The solicitor is obliged more reprehensible than was the old legal fiction of to keep himself or competent clerks within reach of his John Doe and Richard Roe. If, on the other hand, client; the conclusion of the business is delayed by the the young solicitor begins practice, either alone or in constant reference backwards and forwards; an expelconjunction with a friend of no greater experience than sive staff has to be kept up either by the solicitor his own, he probably soon finds it to his advantage to or his costs accountant for the regular posting to avail himself of the services of one of the professional their proper accounts of the various items in the bill ; “costs accountants” who have lately sprung up in such and, worst of all, the solicitor, or

a special clerk abundance. These gentlemen, who are paid by com- deputed for the purpose, must spend mission upon the amount of the bills prepared by them, siderable portion of each day in recording his own

no incon

work. A solicitor in good practice often spends an hour Insurance Organization, as surely as it does the human or the seventh of each working day in making his individual, providing new blood is not introduced in entries." Let us imagine the case of a barrister or sufficient quantities to counteract the sapping of the physician of corresponding professional rank who is constitution by the amount which is naturally removed compelled to devote the same portion of his time to the through death and desertion. As the strongest men preparation of his own charges.

are doomed to death, so the strongest life offices are bound to succumb to the inevitable, if they ignore those features in their management that alone are life

prolonging. Once a society begins to show decadence, INSURANCE.

the public avoid giving their allegiance to it. We trust that the Law Life will endeavour to recover its position

of progression and vigorous new life, before it looses Ar the last valuation of the assets and ground to an irretrievable extent. Law Life.

liabilities of this office, which was for the
quinquennial period ending December

THE occasional gathering together of 31st, 1834, the Assurances in force amounted to

General Items, the workers of an agency has always a £7,555,453, and the Funds at the same date were

beneficial effect on its esprit de corps, and $5,316,626. At the close of the year 1883 the funds

the individual members thereof go away enthused and were £5,133,216, whilst judging from the new business

strengthened by contact and communion with each that has been received, and the claims that have

other. The Refuge recognise the value and importance matured since the date of valuation, the assurances in of such meetings, and there can be no doubt that they force would not show a more material difference.

have an influence in securing the increasing new Taking the figures as they then stool, and reviewing

business that this company is obtaining. On the 17th the current yearly history of the office since that time, inst., at the Falcon Restaurant, Liverpool, the manager the exhibit is of a nature that pertinently suggests and superintendant of the district of Liverpool and grave consideration as to the utility of further increas- Birkenhead, Messrs. J. T. and Thomas Shutt, entering a sum that history and experience points to as being tained some seventy of the agents under their direction already enormously large beyond any practical use at dinner. The post-prandial exercises included a that can ever possibly be made of it. Policy-holders review of the history of the company by Mr. Thomas would have received a much greater amount in profits Shutt, particularising the growth of the business in the if the methods of valuation employed had not been of district, and also the usual afterlude of " musical and the most stringent character apparently to reduce the histrionic entertainment which was excellently rengarplus-which, even at the reduction, is large-to its

dered and well received." smallest possible compass. The interest and dividends earned by the funds exceeded 4 per cent. per annum, and when it is noted that the assurance fund. Kexclu- Limited, has lately experienced a change in the

The Sickness and Accident Assurance Association, sive of the paid up capital of £100,000, and the proprietors acc umulated interest and share of profits on it

managership, that position having been resigned by Mr. £900,000) was £1,031,618 against outstanding assur

J. B. Black, who, however, will be appointed to another ances, with accumulated bonuses, of barely over

in its service. He has been succeeded by Mr. Henry £7,500,000, there is no sufficient reason why the valua

Brown, who has been acting in the capacity of supertion should not be at a rate of interest approximately

intendent of the English branches, and who for some equal to that earned, which would result in a handsome time was the resident secretary at Manchester. The increase in profits to policy-holders without the slightest Board of Directors passed a resolution of regret upon loss of security.

Mr. Black's resignation. The history for the four past years of premium income, interest earnings, and claims and endowments It is always pleasing to note expressions of cordial that have matured, show conclusively that the funds as feeling and good-will between managers and representhey stand are redundantly large for the practical pur- tatives of insurance offices, and we have pleasure in poses for which they have been accumulated.

recording the presentation to Mr. F. Norie Miller, Year ending. Premiums Interest and Claims and

manager and secretary of the General Accident (net). Profits (net). Endowments.

Assurance Association of Perth, of a handsome gold 1885

£221,380 £213,555 306,465 watch and chain by the various representatives of the 1886 219,385 206,036 414,875

company as "a token of their esteem for his abilities 1887 213,208

208,295 312,136 1888

and the unfailing kindliness and courtesy characterising 212,180 206,236 343,491

all his relations with them." The date inscribed is 866,153

834,122 1,406,967 April 20th, 1889. Here we find that although the premium income shows retrogression, and that this office is lapsing into

Ar Liverpool Police-court on Monday, E. H. Norton, apathy and indolence as regards new business, yet the

described as manager of the Liverpool and District Inclaims by death with reversionary bonus added, and

surance Company, was summoned by the Board of those of matured endowments, amount to over 82 per

Tra le for carrying on the business of an insurance cent. of premiums and interest. This would be con

company without complying with the provisions of

the Life Insurance Companies Act. It was stated that sidered a bad percentage even under ordinary circumstances, but when we find in the last valuation that the

he was dismissed by the United Kingdom Insurance total funds (including only the comparatively petty

Company, and then started a new company, which was sum of £100,000 of paid up capital) contained over £70

not registered, the defendant being apparently the of assets for each £100 of assurance at risk, including

entire company. It was further stated that he issued all reversionary bonus that had been added from time

policies and became liable for the payments. Penalties

amounting to £35 were imposed. The Board of Trade to time to the original sums assured ; in other words when we find seven-tenths of the money required to

prosecution for infringement of the provisions of the

statute does not, however, satisfy the needs of justice pay the assurances at risk, had they all fallen in on

or exhaust the resources of the law. If he obtained one day, on hand, then we are forced to conclude that the accummulated funds as they stand are un

any money for premiums on the representation that necessarily large, and only place a premium on activity

he was an insurance company, we imagine that the and indolence.

criminal law to false pretences could be invoked. And yet notwithstanding their size, this office is slowly but surely drifting to leeward. Its history for THE directors of the Whittington Life Assurance the past few years points to the fact that it is beginning Company have appointed Mr. Greville E. Joseph to the to feel that natural decay that will overtake a Life position of agency manager.

UNDER THE PUMP,

(fine, 60.); Margaret Stephen's daughter (fine, 124, pledge Gilbert Richard's son)—was Gilbert Richard's

son responsible for twins we wonder, as the fine was Selden Society : Vol. 2. Select

doubled ?-Magot Edith's daughter (fine, 6d,)”—and so Pleas in Manorial Courts,

on. Nor is the following an altogether enviable state Henry III. and Edward I. Vol. 1,

of things : “A certain unknown man gives the lord 1888. Edited for the Selden

20s. for leave to contract (marriage) with a certain

widow." And it is interesting to learn that “John Society by F. W. Maitland. London : Bernard Quaritch. I Vol.- Maberly gives the lord 38. to have the judgment of It would not be easy to over esti

twelve men as to certain land whereof Noah deforces

him." But John is to be commiserated, as his 3s. proved mate the valuable contributions to legal literature and historical in

but a poorinvestment, for we read further that “The said formation which are being made jurors say that Noah the Fat has right.” Lucky Noah ! by the Selden Society, under the poor John Maberly ! long ago become part of the earth, presidency of Lord Coleridge.

from which neither of you shall be “deforced ”until all The volume which has just been

your disputes shall come before One less fallible than

the “twelve men " who took sides with Noah the Fat. published and sent to us is of curiously great intrinsic- we had

We wish that we could deal more fully with this almost said popular-interest, while interesting volume, but space forbids, and we will only the light which it casts upon the condition of the law

add a word of hearty commendation to the Editor, and five or six centuries ago is equally clear and convincing. of recommendation to our readers, to one and all The editor, who, with unnecessary modesty, apologises of whom Mr. Maitland's work should be of quite for shortcomings which it is difficult to discover, gives

exceptional interest and value. us a rare store of quaint and authoritative documentary information, by means of which, terse and technical The Ordeal of Richard Feverel. By George Mereas many of the extracts given necessarily are, a very dith. New edition. (Chapman and Hall, Limited). good notion of certain phases of life under the feudal 1 vol.-It would perhaps be too much to expect that system may be obtained by all who are able to read be- George Meredith, brilliant, epigrammatic, philosophical, tween the lines, and, from the dry and formal records satirical as he is, will ever become a popular novelist. of the law courts of that remote era, construct something The British public are not prone to take kindly to an like a living picture of the times. Mr. Maitland has author who compels them to think, nor are they disbeen fortunate enough to obtain access, by the courtesy posed to extend a very effusive welcome even to a of various gentlemen

to whom he expresses his indebted- laughing philosopher disguised as a romancer. Nono ness in graceful and cordial terms, to many ancient the less, indeed all the more, the highest praise is due rolls of Manorial and other Seignorial Courts, such as to Messrs. Chapman and Hall for at loast bringing those of the Manors of the Abbot of Bec, A.D. 1246-1296 ; within the reach of all classes, by the issue of so cheap the Abbot of Ramsey's Honour of Broughton, A.D. 1258- and excellent edition of his works, the rich story of wit 1293-5; the Abbot of Ramsey's Manor of King's Ripton and wisdom which Mr. George Meredith spreads with on the Ancient Demesne of the Crown, A.D. 1288-1303 ; so lavish a hand before the students of his pages. We and other equally quaint and remote sources, and the say students advisedly, for the novels of George Mereoutcome of his labour is a volume at once peculiarly dith are very far removed from those ephemeride of interesting and indubitably valuable to all students of fiction which Wilhelmina Gushington devours with the law. In compiling this work, Mr. Maitland has avid appetite to-day to forget ere such literary flavour aimed not at presenting any of the ancient rolls in full, as they may possess has evaporated. George Meredith nor even of giving a full abstract in the original Latin, is a philosopher and a poet, and possibly the time may and in an English translation of the very earliest rolls, come when his brilliant work may prove after all the but rather to represent as far as possible, by judiciously more effective for being clothed in the garb of fiction. selected extracts, a number of early and typical rolls, At present he speaks to an audience somewhat limited differing widely in character. In our opinion, this is in numbers, but whose appreciation of their Master is precisely the most useful method which could have unlimited. If, as we must hope, he one day speaks to been adopted, in dealing with a subject so extensive in the great mass of the public, and they prove to have area and so diverse in detail. As a matter of fact, Mr. ears that hear," it will assuredly be due in no small Maitland gives us within the limits of the present measure to his commandable attempt to popularise his volume, significant and interesting extracts from the works by bringing them out in so cheap and pleasant a rolls of ordinary manorial courts, the rolls of a great form. Of The Ordeal of Richard Feverel, it is unhonour, the rolls of a court on the royal demesne, the necessary to say more here than to remind our readers rolls of an ancient hundred court fallen into private

purt fallen into private of the subtle knowledge of human nature which its hands, and the rolls of the court of a fair. Thus, by every page displays, of its teeming store of humour, its diversity of selection, he has been able to present us

touches of inimitable tenderness, its artist-like glimpses with a highly interesting series of entries, from of nature in all her moods, its quaintly wise aphorisms which, by the exercise of a little imagination, drawn from “The Pilgrim's Scrip,” its faithful studies we are able to create for our instruction and of boy-nature and the high lessons to be learned from study a fairly graphic picture of English rural them, its chivalrous Sir Austin, exquisitely selfish life six centuries ago.

Considerations of space cynic Adrian, terrible Bella, delightful Lady Blandish, forbid us to refer at length to the curiosities and erratic hero, Richard Feverel, whose Ordeal is so of tenure, and the fantastic social phrases which are terrible, yei so inevitable, from the first insight which made apparent by Mr. Maitland's volume. Suffice it we have into his curiously coupled nature. The work that the picture which the reader is able to construct as is one which it would be an impertinence to pretend to he rubs shoulders in Mr. Maitland's pages, with refer to critically in the small space at our disposal. William Coslard and John of Senholt, with Christina, We therefore content ourselves with referring our daughter of Richard Malevill, with Geoffrey Ingulf, readers to it, assuring those who are not yet familiar and the men of the Lord Abbot of Bec, is by no means with its pages of an intellectual treat. of a nature to inspire regretful yearnings after the “ good old times." To instance one feature of social

LEGAL HONOURS. life in which we have decidedly improved since the days of the first Edward, what, we wonder, would those who still think, not without reason, that in

Mr. ALAN HENRY BELLINGHAM,' barrister, bas succeeded to the case of seduction the law bears too heavily upon

a taronetry on the death of his father, Sir Alan Bellingham. women and too lightly upon men, to this : “The

Called at Lincoln's-ipn in November, 1875.

Mr. ROBERT following women have been violated and therefore

YOUNGER, advocate, has been appointed

Lecturer of Constitutional Law and History in the University must pay the legerwite: Botild Alfred's daughte

of Edinburgh.

[graphic]

Mr. CHARLES RICHARD Hoffmeister, Attorney-General of been expressed that some anonymous letters in newsBritish Honduras; has been appointed to act as Chief Justice of

popers are not bona fide outside communications at all, that colony. Called to the bar at Lincoln's-inn in May, 1878. but are written in the newspaper office to support

Mr. FREDERICK HARDYMAN PARKER, barrister, has been appointed to act as Attorney-General of British' Honduras.

the policy or to gratify the spite of its proprietors : Called at the Inner Temple in June, 1880.

that, in fact, to use the language of Lord Deas in Drew Mr. GEORGE CLAVELL FILLITER, solicitor, has been appointed

V. Mackenzie & Co., 24 Dunlop, 662, “the veiled Deputy-Registrar of the Wareham County Court. Mr. Filliter prophet sitting behind the curtain " is the same person is town-clerk of Wareham. Admitted in 1877.

as the anonymous contributor,

This suspicion was Mr. DANIEL CHARLES EDWARDS, solicitor, has been appointod converted into fact in the recent case of Duncan v. Clerk to the Llanelly Board of Guardians, Assessment Committee, Jamieson, Feb. 2, 1889, 26 Sc. L.R. 316. The action School Attendance Committee, and Rural Sanitary Authority,

was one directed against the printers and publishers of and Superintendant-Registrar for the Llanelly District Admitted in 1878. He is town clerk and clerk of the peace and

a provincial paper for the slanders partly contained in elerk to the magistrates for the borongh of Kidwelly,

a series of letters which had appeared in the paper, and Mr. JAMES PARKINSON SHEPHERD, solicitor, of Penrith and which were signed by such impressive names as “A Appleby, has been appointed by the High Sheriff of Westmore- Trader," "A Baker Street Elector," "Another Trader," land to be Under-Sheriff of that county for the ensuing year. &c. The defenders refused to give up the names of Admitted in 1861.

their too-modest correspondents, and the pursuer Mr. REGINALD WATTS, solicitor, of Plymouth, has been

averred that the letters were really written by the appointed by the High Sheriff of Devonshire, to be UnderSheriff of that county for the ensuing year. Admitted in 1883.

defenders, or at least that they procured them to be

written. The general charge against the pursuer in the Mr. WILLIAM JOHN DREWRY, solicitor, of Burton-on-Trent, has been appointed by the High Sheriff of Staffordsbire, to be letter was that, being a Town Councillor, he had Under-Sheriff of that county for the ensuing year. Admitted accepted a bribe from the Caledonian Railway Comin 1859,

pany to act in a particular way with reference to a Mr. EDWARD Eaton Evans, solicitor, has been appointed by Railway Bill. The pursuer said the letters were the High Sheriff of Pembrokeshire to be Under-Sheriff of that written as part of a systematic plan to destroy his repucounty for the ensuing year. Admitted in 1856. Mr. Henry Arthur Peake, solicitor, has been appointed allowing the pursuer to recover documents instructing

tation as a public man. The Court had no difficulty in Clerk to the Contagious Diseases (Animals) Act Committee for Sleaford Division of Lincolnshire. Admitted a solicitor in 1877.

the authorship of the letters, and that without taking Mr. ALPHEUS Henry ROBOTUAM, solicitor, has been ap

any issue as to authorship. This was done because it pointed by the High Sheriff of Derbyshire to be Under-Sheriff was said the pursuer was entitled to prove the state of of that County for the ensuing year. Admitted in 1857. mind of the defenders, with a view to the aggravation

Mr. BENJAMIN ADDINGTON ADAMS, solicitor, has been ap- of damages. It is difficult to follow, at first sight, the pointed by the High Sheriff of Rutlandshire to be Under

reasons assigned for this decision, because in the Sheriff of that county for the ensuing year. Admitted in 1872. Mr. JOHN DAVID RAWLINS, solicitor, has been appointed

ordinary case as already explained, the publisher Superintendant-Registrar of Births, Deaths and Marriages for

accepts the whole responsibility which at the worst the Lymington District. Admitted in 1876. He is town clerk

could have been established against the anonymous of Lymington and clerk to the Lymington Board of Guardians, correspondent. The admission of such evidence against the borough magistrates, and the commissioners of taxes. the publisher, in the ordinary case, is certainly not

Mr. John Thomas Tweed, solicitor, has been appointed by justified by the fact that, according to Scots Law, (which by the High-Sheriff of Lincolnshire to be Under-Sheriff of that

on this point has gone far beyond the law of England) county for the ensuing year. Mr. Tweed is town clerk of the

the publisher might be entitled to prove in mitigation City of Lincoln. Admitted in 1845.

of damages many facts (e.g., that he got the letter from a well-known correspondent) tending to show that he,

the publisher, believed the slander to be true, or had SLANDER-AUTHORSHIP OF reason to do so. (See Browne v. Macfarlane, Jan. 29, CALUMNIOUS LETTER.

1389, 26 Sc. L.R. 289.) The true ground of decision of decision seems to be that the newspaper had manufac

tured a false appearance of independent public opinion, THERE is a good deal of slander perpetrated in

and thus induced the public to attach more importance anonymous letters to newspapers, because ever since

than they would have done to a mere quarrel with a the case of Lowe v. Taylor in 1843, 5 Dunlop, 1261, newspaper. Such conduct on the part of a journal it has been held that, if the editor and proprietors of a

certainly deserves punishment, but it seems a reasonnewspaper are willing to accept the whole responsi- able inference upon which to ask the jury for increased bility for the letters which they publish, they cannot damages, in most cases where the publisher refuses to be compelled to produce the original letter or to dis- give up the names

of a series of contributors writing to close their correspondent's name, and, apon the whole, the same effect. The Juridical Review. editors and proprietors have been wonderfully chivalrous in protecting the confidence reposed in them. This was described by Lord Cuninghame as

TEMPLE CHURCH.—MAY, 1889. "A question of great moment in municipal and even May 5.-Second Sunday after Easter.-Morning Service : in constitutional law." Of course, if the correspondent

Te Deum Laudamus, Boyce in A ; Jubilate Deo, Boyce in A ; can be discovered he is also liable in damages, and the

Anthem, “ Blessed be the God and Father" (Wesley). Evening

Service : Magnificat, Arnold in A ; Nunc Dimittis, Arnold in newspaper might be forced to give up the original

A ; Anthem, “I have surely built Thee an house " (Boyce). letter, if required as part of the independent case

May 12.- Third Sunday after Easter.-Morning Service : To against its author, but the action against the newspaper Deum Laudamus, Attwood in A ; Jubilate Deo, Attwood in A; cannot be used to force the discovery of the author, Anthem, “O give thanks” (Purcell). Evening Service : CanBut where the editor declines to disclose the author, tate Domino, Attwood in D ; Deus Misereatur, Attwood in D; The law is, that the editor accepts the position of thé Anthem, “Sing ye praise” (Mendelssohn). anonymous writer with every liability which could

May 19.-Fourth Sunday after Easter.-Morning Service : have been laid on that writer if he had been disclosed."

Te Deum Laudamus, Smart in F; Jubilate Deo, Smart in F;

Anthem, “O rest in the Lord” (Mendelssohn). Evening Ser(Per Lord President Inglis in Brims v. Reid & Sons,

vice : Magnificat, Smart in F; Nunc Dimittis, Smart in F; 12 Rettie, 1020.)

1020.) Of course this means absolute Anthem, “O sing unto the Lord” (Purcell), liability, because the writer is not disclosed, and there- May 26.-Fifth Sunday after Easter.-Morning Service : Te fore no plea can be founded on his character or interest. Deum Laudamus, Hopkins in F; Benedictus, Hopkins in F; It is difficult to see how, as suggested in the case of

Anthem, “Rejoice in the Lord alway" (Purcell). Evening Brims, the liability of the newspaper could be less

Service : Magnificat, Hopkins in F; Nunc Dimittis, Hopkins where the culumnious statements were adopted in a

in F; Anthem, “Praise the Lord” (Goes). leading article ; and this distinction has been properly

May 30.-Ascension Day.-Evening Service.—Divine Service

to commence at 8 o'clock p.m. : Cantate Domino, Hopkins in questioned by the learned editor of “ Bell's Principles," B flat (Unison); Deus Misereatur, Hopkins in B flat (Unison); eighth edition, sec. 2055. But the suspicion has often Anthem, “He was cut off" (Handel),

9

CAPEL COURT.

we get anything like genial weather during the next
few weeks we may expect sensible increased on all the
passenger lines, as there can be little qeestion that these

companies were seriously affected last year by the
OUR caution respecting British Rails

wretched weather prevailing at this date. So far as the was not issued a moment too soon, seeing British Rails. that since our article of a fortnight ago,

movements in this market are concerned we cannot ad.

vise purchase of any securities at present, nor should the top of the market having been reached

we do so with a colliers' strike in the air, at the same at that time, these securities with various fluctuations

time we do not think that prices are likely to fall much have gradually depreciated, and are now at much

below those obtaining to-day. lower figures than were then obtaining. By those who prognosticated an unexampled advance, various reasons are urged for this falling off; the latest and the one on which most stress is laid is the threatening position

THE rise in American rails we have taken up by the coal miners. It will be in the know

American

steadily foreshadowed for a month past ; ledge of most of our readers that the colliers hare

Railways

it is now in full force, and holders of demanded an all round advance of 10 per cent on the these securities, or who have speculative accounts open present rate of wages. Should this demand be sub- in them, may rest quite assured that a handsome profit mitted to by the masters, the cost of fuel will be will be theirs before the present (May) month is over. greatly increased and the earning powers of the various The present slight fall in some of these rails is caused lines will consequently be taxed to that amount, and by two things ; first, Tuesday was a holiday in New in addition, there will come the question-which York; and to-day (Wednesday) is a holiday on the strange, perhaps, as it may appear-always follows a London Stock Exchange, and having these circumrise in the price of coals, the demands of the railway stances in view, several big bulls have closed their bar. servants themselves, drivers and firemen will recom- gains. The rise, however, will continue, and those mence agitation, and it is not unlikely railway managers companies offering the biggest chances are, in our may find tbemselves in face of a serious strike by their opinion, Lake Shores, Union Pacifics, Central Pacifics, employées. The latter contingency may at the present Readings, and Chicago and Milwaukee. moment appear remote, but it really is much nearer than most people suppose, for should the colliers obtain their 10 per cent. advance, the spirit of disaffection

THE firmness of Foreign Stocks has is almost certain to extend to the railway men. On the other hand, should the coal proprietors refuse to

Foreign Stock. been one of the leading features. Al

though they are high, the public will meet the wishes of the miners a strike seems almost

continue to buy them, and it is almost safe to predict certain, and on a very extensive scale, too, and this strike must necefsarily bring in its wake a limited supply of fuel price that they never dreamed of before, are pretty

further rises. Egyptian Unifieds, which are now at a at greatly enhanced prices. There can be no questioning the serious state of affairs in the mining districts. The

sure to go still higher. They will be at ex dividend

when the Stock Exchange is closed, and are likely to men have thoroughly determined upon fighting out the question of an advance to the bitter end, nor does Thursday. The improvements in Uruguay bonds will

be 1 per cent. bigher when the market resumes on it seem likely that the masters are any the less determined to combat the demands of their work people. probably not

be maintained, but the other South American

stocks are all favourites for lock-ups. Suez Canal We do not wish to enter upon the question of whether an advance in the scale of wages is justified at the present

sbares, which everybody says are sure to be divided,

have continued to attract buyers, and the men who juncture, but we certainly confess we cannot understand on what ground the workmen ask for so large an ad

ought to know, say they expect to see them at par

before they have finished. We do not attach much vance as 10 per cent. However, the demand is made

importance to the revived rumours in favour of Peruand there seems little probability of its being with

vian bonds. If the Chilian Government accepts the drawn. It seems marvellous that after all the years

Grace Contract, all might he well. But then it will of suffering caused first by bad trade, then by illadvised strikes, the colliers have experienced, that fairly good purchases. The latter should certainly be

not. Spanish Fours and Turks, 1871, besides, are both neither masters nor men seem able to adjust their wage scale without resort to the inevitable strike. This quoted as high as Egyptian Unifieds. country at the present moment is unquestionably rapidlyadvancing towards a period of unexampled prosperity in regard to most of her manufactures. There

WE have ever in this column advised

Canadian is, or will shortly be, plenty of work for those who are

Railways.

our readers against undye speculation in willing to do so, in nearly every branch of business.

Grand Trunks, and we trust those who To expedite to the full extent the arrival of these good took advantage of the spurt shown by these securities times all that is required is a proper understanding some weeks ago have long since realised. There can be between capital and labour. Yet what do we see little question that this line has been the medium of hanging over us, a repetition of the bitter struggles of one of

the most extensive rigs known for twelve years ago, with, unfortunately, the same inevit- some years, and that quantities of stock hare able result, viz., trade and capital being driven into been landed

to the public investors, who the hands of foreigners, and starvation and distress for have bought under the impression that top prices bad our women and children.

not been reached. For this mistake a very heavy cost To return to the question of home railways after the de- will have to be paid, as we question very much pression of last week it was only to be expected that some whether Grand Trunks will see again this year, at recovery would make itself apparent on Monday, especi- least, anything like the price they were run up to a month ally favoured as that day was with a splendid spring- ago. In addition to this the directors have to contend like sunshine, consequently we noted a slight ac vance against a series of most lamentable accidents on their in some of the stocks, principally in Taff Vale, Cale- system, the last which occurred on Saturday being but donian, and North Easterns, though falls were recorded one of a series of three during the past six months. in the case of London and North Western, Manchester Tne excursion train which ran off the line at and Sheffield, London and South Western, and Midland. Hamilton was a terrible affair, and according to latest Now that we have thefull holiday receipts before us, many details, resulted in the death of no less than twenty-five of us have naturally compared figures, not with the persons, besides most serious injuries to at least four same date as last year with the same holiday period, times that number. From the commercial aspect of an and here the figures come out quite satisfactory. All accident an affair of this kind means a most serions the Southern Roads show important increases, but pecuniary loss to the company, and litigation probably particularly Brighton, and Chatham and Dover. Should extending over a considerable period. Then there is the

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