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ASCOT RACES.

DISGRACEFUL SHARE TRANSACTIONS.

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DISGRACEFUL SHARE TRANSACTIONS. A resolution is to be proposed in the Liverpool ahare-macket that aIL transactions in banks are to be for cash. Should it be adopted, a similar measure will probably be tried in London. It may be doubted, however, whether any a pecial restrictions are advisable. A great outcry is made against the parties who sell shares with the view of profiting by the present panic, but it isjust as fair for a man to sell as to buy upon speculation; A good suggestion has been made that the friends of the various companies attacked should combine to take all the shares that are offered by the more speculators and force them to deliver them at the appointed day. The sellers would then be foiled by an adroit turning of their own methods against themselves, and instead of hearing idle denunciations of their policy, they would simply find to their cost that their policy is fairly open to all, and is capable of being practised in one way as well as another. If the promoters, directors, and shareholders of the various companies, after hay- ing for two or three years past exhibited a sanguine faith which no remonstrances could check, have not now the sense or courage to defend their property, it is in vain for them to protege against the conse- iquenoes. The only cases where speculators can be charged with moral delinquency is where they resort either individually or by conspiracy, to the fabrication. of rumours or statements tp serve their ends. But here, again, the parties interested have 6hown lament- able imbecility. The law affords every protection, that can possibly be grafted against such practices, and there is no branch of crime with which, in this com- mercial coanto the courts are disposed to deal more rigorously. Yet, although the praotice of this class of offenders have been during the past. two or three weeks recklessly open., not a single step has been taken to bring them to punishment. Circulars h$r⬠been sent to all parts of the country with the words With- draw your deposits from bank," the name of the bank inserted being that of any speeial esfcabliajiment j to be attacked on a particular day. Papers with a similar inscription have been freely scattered in the j Btreets and public places, letters with forged signatures streets and public places, letters with forged signatures have been addressed to brokers ordering them to sell 500 shares of such and such a company, and every other device has been used that could be suggested by the ingenuity of the financial scum of a great city. The employment of a. few detectives and the !offer of large rewards could hardly have failed to work a cure, yet, instead of the exhibitions of even that limited amount of vigour, we have nothing bat a. resort to wild expletives about the wickedness of such proceedings.. At the same time, while people are ex- pressing indignation at the wretched practices in ques- jtion, it would be well for them to look to higher iquarters. Is it not notorious that during the meat I critical. hours of the, panic leading brokers were found to recommend to every client they met to sell the I shares of such and suoh a bank or company, accom- panying the recommendation with an assurance that ¡ they were sure to go down." that an attack was to I be made upon them, &b, P- And is thera an instance known or any one of the parties thus addressed having had the moral courage to expose those who for a paltry oommiiition of X,5 or lO were thus willing to I ibeceme active agents towards the ruin of famiJiea r- i Times. City Artidk

r— ' -'im 1A SUCCESSFUL…

PRINCE ALFRED IN EDINBURGH.

A CASH FOR INQ UIRY.

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I GREAT DEBTS, UCTION OF PROPERTY…

SHOCKING MURDER AND SUICIDE…

¡ itrlitlAL PARLIAMENT. .

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DREADFUL FIRE- NEm EXETWR,

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TBE- WIGHT FOE TSB CHAMPIONSHIP.