29 OCTOBER 1859, Page 5

SCOTLAND.

Lord Brougham is suggested as candidate for the Chancellorship of the University of Edinburgh. Some friends of the Duke of Buceleuch have put forward the Duke's name in opposition, but this second candidature is generally discouraged.

A shareholder in the Edinburgh and Glasgow Bank has filed a bill of complaint against the directors for squandering the money of the bank. According to its deed of incorporation the bank was bound to wind up its affairs when one-fourth of its capital should be lost, but though ever since 1850 it has been deeply and irretrievably involved, this obligation has been

evaded. At onp time, when its shares were declining in value, a large quan- tity were purchased by the bank and entered on the balance sheet as " stock J investments." On the 21st of June, 1858, the Chairman reported that they had been compelled to make an agreement under which their affairs would be wound up by the Clydesdale Banking Company, and the shareholders have since learned that the whole of the assets have been absorbed, and that there will be no return to them of any sum whatever.