The Express. — London, England, 1867-11-11 00:00:00

P LIFEBOAT SERVICES.—During the &tunas of the present year the National Lifeboat lustitution has contributed to the saving of 741 bees from various shipwreclui and t 9 vemels from destruction. The Institution also expended t-'7.•t`A in the same period on its Lifeboat Establishment& in addition to granting £2,004 for reward& The Committee of the Institution earnestly appeal to the public for assistance to enable them to meet the continued heavy demands on their lai Lifeboat Eatablishment& _ jontlibuti , Z;ill be thanktully received by the London and country hankers, and by the Secretary, Richard Lewis, Kay., at the Institution, 14, Jobs-street, Adelphi, Loudon. HONDURAS GOVERNMSNT RAILWAY LOAN '.31.000.030', la bonds to bearer of 3100, 3500, and al.outo each. bearing 10 per cent. annual interest, payable half. yearly la sterling. Issued at 80 per rent, and to be redeemed at par In sterling within 17 years by yearly drawings. by Mean* of an accumulative sinking fund of 3 per cent. per annum. The Ara drawing to take place on Dec. 31, 1889. pay meets by subscribers wUI be as follows:- 5 per cent on application £5 0 0 10 „ on allotment „ on January Ist, 1808, kis Interest /0 9 44 9 10 74 15 „ on July Ist, Itishi so , on January Id, 1808 20 „ on April Ist, DUG Ise per cent L73 11 10} per cent Interest will be payable on lit July awl bat January In each year at the London and County lamb, and, for tbu first instal ment ..11:15. will date from lm October. lot?. In default of payment of any of the respective Instalments all previous payments will be liable to forfeiture. The Instalments may be anticipated at any time at Bank of Enidand rate. The Government of Honduras having agreed to appropriate to the Subselibers a moiety d the net pnrtlts of the Railway during 15 years after the complete repayment of the present Loan, Sub scribers will receive, as bonus, within one month after allot ment, with each £lOO Bond. one 10,000 th deferred fully-paid up Railway Share to Bearer, entitling the bolder thereof to receive his proportion of such net profits. PROOSPI II'S. The President of the Republic of Honduras, being duly autho rised, has given full powers to Mona. Victor Hermit. Minister at Par* and Senor Don CarlusGetierrez, Honduras Minister In Lon don, to contract on account of the Government a Loan, to be ap plied towards the construction of an Inter-oceanic Railway from Puerto Cabanas, on the Atlantic, to the Bay of Fonseca, un the Padflc. - To show the importance attached by the British Government to the Homlunut I nteroceenic Beltway. it may be stated that the line has been surveyed on the part of her Majesty's Government by Lieutenant-Colonel Stanton, It E., and a detachment of Royal knassn sent out for the purpose. Colonel Stanton reports •• that the harbours at both termini are unexceptionable," and that the road can be constructed " without any sharper curves or heavier gradients than are to be found on existing lines over which Locomotives work without didlculty." The now treaty between Honduras sad Great Britain declares that— " In order to secure the construction and permanence of the route or road herein contemplated. and also to secure fur the benefit of mankind the uninterrupted advantages of such com munication from sea to sea, her Britannic Majesty recogn izes the rights of sovereignty and property of Honduras In and the line of the said road, and for the same reason guarantees, positively and efficaciously, the entire neutrality of the same And when the proposed road shall have been completed, her Britannic Majesty equally engages, in conjunction with the Republic of Honduras, to protect the same from Interruption, seizure, or unjust confiscation. from whatsoever quarter the attempt may proceed." Treaties signed by the Honduras Government with France and the United States contain the same provisions, and the French Government, considering the public utility of the Honduras Railway, has promised the ofticial quotation of the Honduras Loan on the Paris Bourse. Theloliiiiitoolciiirnpart by Rear Admiral Davis, made to the 4cretary of the Navy of the United States Government, in oomplianrn with a resolution of the American Congress on the 19th of March, 1866, demonstrates likewise the importance which the United States Government attaches to the construction of the Honduran line: •• The reader who follows the coarse of the surveyors. natu ralists, and geologists from the capacious, safe, and excellent harbour of Puerto Caballos, through reefer), remarkable for their salubrity, fertility, great variety of climate and production., and valuable mineral resources to the waters of the splendid harbour of La Union 'Hay of itonaeca', cannot but regret that capitalists have not found it to their interest to carry out one of the most cilsing end one of the least emberrassing enterprises of the e line of railway has been carefully selected and surveyed by 31r. Trantwine date engineer.in-chlef of the Panama Itallway) and an efficient staff, and a contract has been entered into fur the construction of the whole line, with stations and rolling stock, for a stipulated sum of about mv,ooo a mile, including every outlay, and the woks are to be proceeded with in sections. From time to time, as the instalmeuts of the present leen are received, the proportion to be applied to the construction of the first section of the railway will be handed to and held by trustees to trust, to lacy the contractor the instalments on his contract, as certified by the government engineer. The balance of the loan will be applied in clearing the forests, and in payment of engineer. lug and other incidental expenses. The interest and sinking fund of the loan are specially gua ranteed by a first charge upon the Intruded railway limit and its revenue, and also by a first mortgage upon the whole of the I domains and mahogany forests of the state of Honduras, which, acct.', ling to official report, are of immense value. It is arranged that the whole of the produce of the above mort gaged state domains and forms shall be consigned direct to Lon- I don by the Honduras Government to Messrs. Bischoffsheim and Goldschnildt, who will pay over the proceeds of the sales towards the annual Interest and sinking fund, and the constructiou of the remaining sections of the railway. It has been further arranged in the contract, that, so loon as any portion of the railway is completed, the contractor shall bring down to the terminus, free of charge, by the return empty wampum, any produce of the government forests and domains that may be ready fur shipment to England . Beginning at the harbour of Puerto Cabello', on the Atlantic, the railway will proceed over the table land of llooduras—lu a line of f9O miles to the Bay of Fonseca, ou the Pacific. The ports at either end are spacious, safe, and easily accessible k ettle largest ships. The ste.:7"lmf dLetances from Liverpool to San Francisco, touch ing at Jamaica ara way of Panama, 7,030 adies—N icaragua, 7,700 i yik,Thh i .,gep.ve, 7,740 miles—Honduras, 7,340 miles. The distance between hew York aid San Prancisoo, by Panama, iv salt miles ; by Iflcarksta, 4,;04) man by Tahiti/OW pec, 4,200 miles ; Honduras , 4,141 miles—a saving, by way of Honduras, as compared with Panama, the only line on which a railway in already constructed, of 1,103 miles. The dill, reuce in actual distance, coupled with the superiority of ports, the facilities of embarkation and disembarkation, and the connexion with the American meat lines, will effect a saving in time, as compared with the Panama route, of not less than five clays between the Atlantic and Pacific ports of the t' sited States. Thu line will afford the easiest. safest, and speediest route between Great Britain and British Columbia It will also offer the increased facilities of fintoiass ports for the establishment of speedy intereourve with Australia and New Zealand, and will bring Jamaica, Bente. and other British possessions to the West Indiesinto the direct line of communication. Last year the dividend paid by the Panama Company was at the rate of 24 per cent. per annum on a capital of £1,600,000, in addition to a bonus of 40 per cent from accumulated profits. The Honduras line will in all probability return as much profit as the Panama line, if not tatnsiderably more. Suftletent of the proceeds of the present Issue will be applied to the construction of the first section from Puerto Caltaltua to Patellae°. This section will enable the etportatlou of the mahogany, ite., to take place : the meansof transport now exist ing being too expensive to be remtuterative. t'arefnl estimates have satisfied the Honduras Government that the surplus revenue of the State domains and forest. will be amply sufficient to com plete the whole tine, without any further true of stock, but in case it should be found advantageous on account of increasing traffic, to atoelerate the opening of the railway from sea to sea by raising more money, further stock will be issued for the con struction of the remaining sections of the railway. The several contracts and other documents can be Inspected at the office of Mesas. Mutter, Ikea, :Norton turd Co., solicitors, No. 1), Ticttwifigreet, Westuthaster. Applications for the Loan will be received from Monday, 11th November, to Friday. the 15th November, by the London and County Bank, 11, Lonthar.l street. and Branches, where Prospectuses and Forms of Appllcatlen can be obtained ; and to Paris by Mews. Bisoholisheon, tioldechntidt, and Co.. It, Rue de la than's& d'Antin. Fa) mtnts mt application for the Loan MI also be made at the Bank of France and Branches. HONDURAS GOVERNMENT RAILWAY LOAN FOR £l,l/00.000. PORN or APPLICATION. To be retained by the Rankers. To the Directors of the London and County Rank. Gentlemen,—llm tug paid to the London and County Bank the sum of a: , I hereby request that you will allot to me net W Bonds of the above Loan. and I hereby agree to accept the same, or any smaller amount that may he allotted to me, and to pay the further sum of £lO per cent on the same when allotted—l am, pattlenseu, your obedient servant, 81stuiture A.kham lu tall Date BANK of BRITISH ) NORTH AMERICA. Inoorporated by Royal Charter. NOTICE 18 HEREBY GIVEN, that a GENERAL MEETING of the Preprinted of the Bank of British North America will be held on TUESDAY, the 3rd day of December, 1067, et the London Tavern, Ilishopagateetreet, at 1 o'clock pm. precisely, to receive a Report from the Directors and notice is hereby further given, that at the conclusion of the business of the mid meeting, the meeting will he made extraurainary, for the pur pose of considering and deciding upon resolutions which will then be subniitted by the Directors for the purpose of altering the 70th clause of the deed of settl e m en t of the corporation as to the Investment of the funds of the corporation, and also for altering the 160th clause of the said deed of eettlement, by autho rising the appointment of Inspectors; and also for whiffle:: the said deed of settlement a clause to be numbered 121 s, ring to the corporation a lien and power of sale over s of proprietors who may be indebted to them, and also for annulling the 131st clause of the said deed of settlement. and subetituting therefor a clause enabling the Directors at their discretion to pay dividends to the executors, administra tors, or assigns of deceased bankrupt or insolvent proprietor ; and notice is herby further given, that In case the said resola tion• or any of them. are passed at the said meeting, •tartherr Extraordinary Geueral Meeting of the Proprietors will be held Oil Tuesday, the I 'Go December, tool, at the London Tavern aforesaid. at One o'clock pm. precisely, for the purpose of con e:ming or otherwise the said resolutions. By order of the _ . C. ICNAB. neetetary. . 12 4 Ninimintrateotrort Within. Loudon, Nov. HOW/. TAW% EXHIBMON 871Lif-Cla - 3.4 - 81LiZZ - MiilAl 4 . 1867. JOHN BitIX;DEN. ORIGINAL GOLD CHAIN MANUFACTORY, N. HENRI MITTAATICRET, COVV,ST4 ARDEN. JOlll4 BROGDZNI3 18-carat GOLD CHAINS. JOHN BROGDEN'S GOLD GUARD CHAINS. JOHN BROGDEN'S GOLD ALBERT CHAINS. JOHN BROOD/WS GOLD BROOCH CHAINS. DRICE'S SOLIDIFIED GLYCERINE (Pateated).—Gold medal, Paris, lBB7.—The Newer{ sad Leer toga' amp, wears well, glees a rick arid humid latber, is entirely tree from cocoa nut nil or excels of alkali, asd cantatas halt its weight of Prke'e itlycerlise. In ed. snit td. tablets. PRICE'S PATENT CANDLE. COMPANY (Limited). Delmont Works, Battersea, 8. THE EXPRESS, MONDAY EVENING, NOVEMBER n o 1867. Elie eVaireoo. TO CONIMPONDENTIL Alvadbassata Welded toe "The Ivrea" London 'Togas veal be at this Mee. 10, loavarta-street, by Two co tin dq of poldioatton. DRURY•LANL Thu EVINING THE film: liarVllloE. Mr. Phelps, Matra J. C. Cougar, H. Blnelsir, L Maim Barrett, Tempts, de.. Mrs. Hoe nano Veda, Miss Horatian, tor.—. Mid THE LADIES' CLUB. Mesdazaes Sestet Maley and ILMia Bakker. HAYMARKET. Tien Ennuis, WLNNINU CARD. Mr. Compton.—OUß AMERICAN COUSIN. Mews. Bothern, Chlppendrle, Raymond, Mirk, Gordon, He. : Mee tames Robertson, DZ Ir :, Burke, &e..—And PIBII OUT Or WATER. air. Compton. LYCEUM. Tins EYwirmo, THE iiIifEESS OP TdE MILL.—And HAMLET, PRINCE (Jr DENMARK. Mr. Pechter, Mews Emery, Ryder. P. Mathews, (.411mem, Mellon, and Dalton Ibises Elasorthy, Bishop, and Carlotta Leclereq. PLINCIRTIL TIOSEVInIne, A LITTLE FLIRTATION. —At ter which ABRAM HA POGUIL Mama. Bowleanit, Vining, D. Murray, J. 0. Moro. 0. 1. NenUk. Ac. : Mime Duets. and Mrs. Boactcaull —And NO ONI, ROUND THE CORNILL TED IMMO, THE FRENCH EXHIBITION.—RIND TO A FAULT. Mr. Panel!, & Mks Hughea —And WILLIAM TELL WITH A VENGEANCE. Mama Marne, June, and Fenton; Meadams Onynna, Jolusatoos, Holt, and Weatnersby. HOLBORN. THIM gnomes, FOR LOVE, kiery. IL J. Montague, Price, Oarden, Westland, and 11. Wlddleomb; Mesdames Stephens, Reined*. C. Saunders, Re.—And MARY TURNER; OR, TU WICIOUS WILLIN. MiasJosepha ill/TANWIA. Tll7ll ETzsrso. THE SPANISH PAGE.—THE MARRIAGE CERTIFICATE. Mrs. S. Lana—Mr. J. Millicent and Mr. and Mrs. Lanes& Ethiopian Automata ; Mrs. Y. PNDip ; Magilton Le Grand.—Wlth WILD CHARLIE. Mr. B. Howe. MON WATT./ AT LONDON BRIDGE. MN DAT —Wetting. Ih. 10m....—Afternoon, lh. 30m. AYOLAON—YantWL 11 40a.......A1tfin100k. 4.13. LONDON, MONDAY, NOVEMBER 11. Tar Railway interest is passing through an interesting phase. Committees of Investigation are no novelty ; they date from the memorable times of Mr. HUDSON ; but they are becoming by degrees more practical. The old plan was to de nounce certain abuses, at best but imperfectly ascertained, and then to appoint a fresh board of directors, who in a short time began to repeat and even exaggerate all the follies and intrigues of their predecessors. The shareholders were often apathetic, often intolerant, in correcting the noto rious faults of railway management. No person would be worse received at a half-yearly meeting than a speaker who was acute enough to discern flaws in the accounts, to point out extravagance of expenditure, errors of policy, evidence of jobbery, and all the various modes by which railway com panies have been brought to their present stress. The predominant thought with each shareholder was that such denunciations, however true they might be, had the undesirable effect of depre ciating the value of the stock in the market. The prediction of evil has always been unpopular, and more especially when it brings with it its own fulfilment. Even the sternest moralists feel little goodwill towards the unflinching advo cate of right who on the highest principles lowers the value of their property 5 or 10 per cent. Hence in former days committees of investigation were comparatively rare. They were the ultimo ratio, only to be adopted when the price of the stock had fallen so much that it was practically impossible for it to go much lower. A change from this comfortable sort of feeling has been rudely effected by the disasters which have be fallen some of our largest companies. It is uo longer a question of depreciation, but of destruc tion of property. Proprietors have begun to perceive that unless some move be made they may bid farewell to all chance of dividend for many years to come. They have tar- , dily enough found out that a board of directors who have other people's money to play with, and possess either an ambitious or combative Ot credulous spirit, can bring far more discredit on a great undertaking than the worst fault-finder that ever spoke at a general meeting. Hence the spirit of rebellion is abroad. Shareholders are not only talking, but beginning to act. Hardly a week passes when on some occasion or other that peculiarly autocratic class, the directorial, finds its power sensibly slipping away. Shareholders have come to the conclusion that they have some right to judge upon the conduct of their own affairs, and have got half way towards carrying it out. There is still a good deal to be done. Old opinions or even prejudices cannot be got rid of all at once. Nevertheless, a great step has been taken in the right track. In dealing with the railway interest there are two points to be kept in view—the one regarding the public at large ; the second as respects the proprietors themselves. The first may be dis missed in few words. Railways are a national necessity. Let any one consider the effect of even a temporary stoppage of traffic on, say, the London I and North Western, the Great Western, and Great Northern lines. It would be difficult to estimate the loss, not merely to merchants and manufac turers, but to the community in general. Rail ways are a recognised part of our social system, and we cannot do without them. It is impossible that we should allow them to drift into such financial destruction that the working could only be carried on at a loss, and therefore would cease altogether. Under these circumstances the State would doubtless interfere to prevent such a contin gency. But here we come to the second part of the question. How would the shareholders fare f If the line passed into the hands of the Government they would receive nothing more than the net profits, which, considering the expenses of Government management, would represent at best • vanishing quantity. It may be urged that this is in a great degree the present position. True, but the statement admits of some qualification. Affairs are usually best conducted by those who are chiefly interested. The motive for economy enforced by • reduced or non-existent dividend, is far more powerful than all the care and conscien tiousness of • public official. As we have already said, shareholders must take their own business in hand, and submit to the trouble of looking after their own interests. A certain amount of self-denial will undoubtedly have to be practised. It was certainly pleasant to hear a chairman propose a dividend at the rate of 5 per rent. per annum out of net earnings which, as it has proved, had no existence. These ficti tious distributions must be abandoned at once and for ever. What sort of responsibility rests upon the late directors of the London and Brighton Company fur pushing this system to its utmost limit we do not care to inquire. However the circumstances may be explained away, the actual fact remains, that the company has been brought to such a financial state of destitution that it cannot pay its guaranteed dividends. Appa rently, when the power of borrowing ceased, the power of paying ceased also. Happily the pay ment of fictitious dividends has received a severe if not fatal blow. Railway companies cannot raise money on capital account as easily as they used to do. Expenses of renewals and repair of rolling stock will have to come out of actual revenue. If the shareholders get less income they will at least have the satisfaction of knowing that their property is comparatively secure. The chief sufferers by the change of sys tem will be contractors, engineers, parliamentary lawyers, brokers, and negotiators of that most ruinous specimen of ingenuity, Lloyd's bonds. These parties, however, have done so well in late years that they can have no reason to complain. If directors are to blame for the present deca dence of railway affairs, the ordinary proprietors have at least been partieipes rruninia. it is only just to say that (to put it in moderate terms) a highly coloured report was received at a half-yearly meeting with all the outward signs of utmost satisfaction. The price of the shares perhaps rose the next day, and this amply condoned for suspi cions of reticence or false statement. Besides, were not the accounts certified by competent and well paid auditors ? This confidence has had most fatal results. A proper railway audit entirely independent of the directors is required, if pos sible appointed by the Government, and working from day to day. Some misapprehension exists with regard to the additions to capital made by railway com panies in late years. There is no doubt that the plan has been greatly misused, but it does not follow that it is altogether wrong. Take, for example, an analogous case, that of a manufac turer. He finds his business increasing, and wishes to add a new wing to his factory. Capital is re quired for this purpose, and he borrows or takes a partner with, say 5,0001. This transaction is perfectly legitimate ; but what would be said, supposing that the manufacturer were to deal with this 5,0001. by constructing his new building with 2,5001., and putting the remaining 2,5001. in his pocket as part of the general profits of the year ? This is precisely what the railway com panies have done, at least in some proved cases. It is no wonder that the same kind of transaction is suspected in many others, and that railway stocks, as banking shares were last year, are favourite marks to " speculators for the fall." OUR CONTEMPORARIES. (THIS DAY.) THE LORD MAYOR'S DDR:EIL Though looking to see the day when the State visit of the Lord Mayor to Westminster, with the Re corder's biographical notices of in-coming Lord Mayor% will follow the tasteless show of the old procession, the Tines nevertheless allows that the dinner is safe. Its po litical convenience gives it a peculiar claim to vitality. On Saturday, however, the utterances of the principal guestadid not rise above the common level of after-dinner speeches. It would have been satisfactory if Mr. Disraeli had found WOW substantial reason to allege in support of his faith in the peaceful character of Europe. Home politics were passed over with the barest reference, but though there is • great temptation to suspend domestic change until a new house arises such a course is not free from danger. The notion of anything like cessation in the history of the House of Commons must be sedulously discouraged. The Daily liewa notices the barrenness of the ministerial utterances, and characterises Mr. Disraeli's speeches in the City as the curious result of a mixture of his Buck ingham experiences and his study of Lord Palmerston. He describes the condition of the country as satisfactory, which is as though be were content with the fact that for the first time in the memory of this generation we have five political prisoners lying under sentence of death, their criminal act representing • standing conspiracy in the sister island against the government of the United Kingdom. We have suspended the Habeas Corpus in Ireland, and converted the police of that country into • veritable soldiery, while in our own towns and cities a daring spirit of lawlessness is abroad, and the measures which formerly ensured our safety no longer suffice. To sum up the condition of the country, and omit all notice of such facts as these, is like preparing a balance-sheet of a railway and omitting the debenture debt. Besides, we do not cure disease* the existence of which we deny. A govern ment which thinks the date of the country satisfactory is a government that will perpetuate what is amiss in it. Readers, moreover, who find Mr. Disraeli asserting that in the continental sky there are no clouds of a menacing cha racter, will begin asking themselves whether all they have heard lately of French armaments and preparations for war, and French Intervention in Italy, and Salzburg inter views, and Prussian circulars, and Cretan insurrections, and collective notes on the Eastern question, and Fenian', and bread riots, and Abyssinian expeditions, is • horrible and absurd hallucination. If we are to believe Dr. Pan gloss at the Guildhall the peace of Europe is preserved by a constant state of universal suspicion and alum, which keep* every nation armed to th e teeth against its neigh ' bour. The Herald appears to regret the pomp of the City pageant in the olden days, and tale! refuge from the meagre spectacle of Saturday in the brightness of the banquet at night ; and the Standard thinks that eventhose to whose own eyes the state of Europe appears gloomiest will acknowledge that Mr. Disraeli speaks with authority, and that he has far more accurate data to start from in his anticipations of peace than they can have in their appre hensions of war. If possible, the Star, treating of corporation reform, ob serves, we shall avoid inserting the end of the wedge where it might knock over the soup tureen and the punch bowls, but if the City and the aldermen oppose the judicious and necessary changes in municipal government which have been so long demanded, they will have to share the fate of the men in armour and the banners. The Star trusts that an alderman with a ladle opposing improved civic admi nistration will never form a companion picture to that of Mrs. Partington with her mop fighting the Atlantic Ocean. Elm Court. WINDSOR CASTLE, Nov. 9. The Queen drove out yesterday afternoon and again this morning, accompanied by the Princess of Wales and Princess Louise. To-day is the birthday of the Prince of Wales. The Duke of Cambridge. attended by Colonel the Hon. J. Macdonald, arrived at the Castle yesterday. General Sir W. Knollya, Dr. Holmium, and Mr. H. Fisher have also arrived at the Castle. The Prince of Wales, the Duke of Cambridge, and Prince Christian, attended by Major Grey, Colonel the Hon. J. Macdonald, and Major-General F. H. Seymour, went out shooting this morning. M. and Madame Van de Weyer had the honour of dining with the Queen and royal family yesterd►y. .... ... Nov. 10. The Queen, accompanied by the Princess of Wales and Princess Louise, drove out yesterday afternoon. The Prince and Princess of Wales, Prince and Princess Chriatisn, Princess Henriette of &hleawig•Holateio, Princess Louise, Prince Leopold, Princess Beatrice, and the Duke of Cambridge, and the ladies and gentlemen in waiting, attended Divine service this morning in the pri vate chapel. The Very Rev. the Dean of Ely preached the sermon. Her Majesty's private' band played in the drawing-room alter dinner last evening before the royal family, where the ladies and gentlemen in waiting bad the honour of joining the royal family. The following ladies and gentlemen had the honour of receiving invitations:—Major-Cenral Hoe. A. N., Lady Mary, and Miss Hood ; Lieutenant-Colonel and Mrs. Fer guson, Lady Emily Seymour, the Hon. Florence and Mime Georgina Seymour, Mr. and Mrs. Erskine, of Centrals; Colonel H. and the Hon. Mrs. Ponsonby, M., Madame, and Miss Van de Weyer, Mr. Betel Van de Weyer, and Mr. Albert Van de Weyer, Colonel and Mn.s G. Gordon, the Rev. R. Duckworth, and Mr. Woodward. The band played the following selection of music, under the direction of Mr. G. Anderson: Overture, "7.ampa " Herold. Selection, " rant" Andante and Minoetto Minton* "Surprise" March, "Le Prophet*" Meysrb ee r. Scene de Dense, "La Ba)adere" A über. The Duke of Cambridge, attended by Colonel the Hon. J. Macdonald, has left the castle. Despatches were received on Saturday ►t the Colonial offioe from the Governors of Malta and Gibraltar. Despatches were sent to the Governors of the Cape of Good Hope, Natal, St. Helena, Sierra Leone, Lagos, and the North American Provinces. LATEST INTELLIGENCE. ITALY. The Roman correspondent of the fronting Post gives the following account of the arrival of the Garibaldian prisoners in Rome on the afternoon of the 4th : The prisoners marched in by the Porte Pia and down by the new descent from the Quirinal, escorted by dragoons, gendarmes, and Roman infantry, crowds of people running to get a sight of them. There seemed to be 500 or 600 of them, or perhaps more, but, not marching in mili tary order, it was difficult to count them. Their appearance was generally speaking shabby, and their costumes extremely varied ; but among then' were some very fine young men with dandified types of the Garibaldian uni form. One especially, who headed the column, had • very defiant air. Menotti has had • ball through his hand, but is among those who have effected their retreat under the leadership of his veteran father. The dead and wounded on both sides are estimated by an eyewitness just returned from the field of battle with whom I have conversed at about 500. I have just seen six omnibuses full of wounded soldiers, chiefly French and Zonaves, taken to the military hospital. It was • wretched sight. Other vehicles were also employed on this sad sal vice ; and among them I remarked a little basket phaeton belonging to Prince Lancellotti, in which, stretched side by side, were a Zonave and a Garibaldian, both handsome young men, eipecially the latter, who was shot through the lungs— victims of Papal fanaticism and patriotic enthusiasm. The Italia of Naples of the 4th announces that orders had been received to reinforce the posts of the National Guards that evening. The Italia, Roma Progreso Nazionak, Nuoea Roma, and Popolo d'ltalia of Nov. 3 were seized by orders of the governmeut. Some of the Italian journals are advocating a league against the consumption of French products by Italians. The Journal de r Aveyron publishes a letter from Mine. Costee, whose husband defended Monte Rotondo against Garibaldi. Mme. Costes took refuge, with her son of six years of age, in the Castle of Piombino. The Garibaldians having taken the building (she writes) I presented myself with my son, and I must do them the justice to say that they neither insulted nor threatened me. There were even some who took my hand and who comforted little Maurice, who was crying, fearing that they would kill his father. I was desired to leave the castle in order to see the GeneraL Garibaldi himself was in Monte Rotondo. I asked to be taken to my husband, and whilst he was treating with the conqueror I waited in a house under the protection of the faithful legionaries and some Garibaldian officers. Robert (M. Costes) capitulated on conditions. The officers were allowed to retain their swords. Robert refused to promise that they would not fight any more against the general. At last I was told that my husband was in the church, where all were assembled. I went across the city, and arriving at the church was presented to thegeneral, who merely looked at me. His doctor said " You are free to go to Rome, and shall have an escort." 'replied "I will go with my husband,"and on entering the church I found him there. (RZtTZR's TIELIGRAIIR.) PARIS, Nov. 11. A despatch from Rome announces that a French General entered Viterbo, on the 10th, with a mixed column. The troops were welcomed with joyful demonstrations. The Pontifical troops have re-occupied Frosinone, where they met with a aimiliar reception, the Garibaldiana having rendered themselves very un popular there in consequence of the heavy taxes they had imposed upon the inhabitants. A detachment had commenced taking possession of the valley beyond Tivoli. No resistance was expected. In s few days a pamphlet will be published by Dentu, entitled "Napoleon the Third and Europe in 1867." FLORENCE. Nov. 11. Rear-Admiral Provano has been appointed Minister of Marine. Senator Montezemolo has been appointed Prefect at Naples. The Minister of Foreign Affairs has addressed • circular to the diplomatic agents of Italy abroad explaining the development and present state of the Roman question. This memorandum enlightens the powers on the Roman question, and enables them to decide whether it will suit them to accept or not the proposal of France to meet in conference. The King has signed a decree alloting 50,000 fr., to be distributed in aid of the wounded in the Roman expedition and of the families of the killed. THE HURRICANE IN THE MEXICAN GULF. lESTRUCTION OF WE AND PROPERTY UPON THE RIO DRANOS The Nett , Orleans Picayune of the 28th ult. has the following advises relating to the destructive effects of the late storm upon the Rio Grande : " The hurricane was the most terrible in the memory of man on this frontier. A perpetual bombardment for a year could hardly have done as much damage as hap pened from this one night's storm. Twenty-six persons were killed at Matamoros, and ten were killed and one wounded at Brownsville. At Brazos, so far as is known, twelve persons perished. The schooners Ella and Kedsali were blown high ashore. Only two houses were left standing at Clarksville, and none at Bagdad. The loss of life in the latter place is not known. Ninety of the in habitants escaped by going on board of a vessel which rode out the storm. The rest have perished. From the long list of damages at Brownsville we ex tract the following:—Mesers. King and Kennedy's ware house, roof blown off, and building very badly damaged; County Court Hones and jail completely destroyed, and the prisoners are all at large ; the entire square mar rounded by Bowen, Fort Brown, Fourteenth, Levee, and Elisabeth streets is destroyed, including The R,anrhero office and Masonic Hall. The Courier office has roof off ; the Custom House, wall down ; the Presbyterian Chur c h . _ was destroyed ; POet-office building, roof blown off ; the hotel and elegant billiard saloon of Mr. Miller is almost ruined; the iron building of Messrs. Wilkins, Hey., and Co. is totally destroyed. Between Tenth and First•streets seven brick and four frame houses were either totally destroyed or so badly injured as to be uninhabitable. In Matamoros 1,500 Louisa and hut, were blown down. The greatest distress and want prevail at all points, and appeals have been made for aid. Ont of seven steamers only two can be repaired," TRUST AND AGENCY COMPANY OF AUSTRALIA ( LIMITED).-( THIS DAY.) The half-yearly general meeting of the share holders of this company was held at their offices, St. Swithin's-lane, this day• Mr. BONER in the chair. The CHAIRMAN mid the shareholders were aware that the accounts were presented yearly, in May, and this meeting was merely for the purpose of declaring an ad interim dividend. With regard to the fourth issue of shares at the last meeting it was stated in May that in the state of matters they were not pressing then. There were 12,500 shares at 10s. per oent. premium. and they had gone off so well that they had now only a little more than 200 in. hand. With to the collection of interest they were now co lee about 20,0001. • year, and their wears only amounted to 271. He moved that • dividend be declared at the rate of ten per cent. per unarm. Mr. KINNAIRD, ALP., seconded. fn reply to questions by Mr. W altar Karon, The CHAIRMAN said the directors had written off the lose sustained by the advance which was made through the instrumentality of Mr. John Gladstone, th a t ma tt er having gone into Chancery. But they had recently had a decision in their favour, and the amount to be received under it would go to the good. No official of the company was indebted to the company, and the rule of the company not to advance to their officials bad not be en transgressed. The motion was agreed to, and • vote of thanks to the chairman closed the proceedings. The Earl of Derby was last week again suffering from an attack of gout, and was in consequence prevented attending the cabinet oouncil on Thursday. His lordship was said to be much better on Saturday, though he was unable to be present at the Lord Mayor's banquet. Lady Emily Peel and family arrived in White hall-gardens on Saturday from the Villa Lammermoor, Geneva. The Right Hon. Sir Robert Peel arrived in town the same day from Drayton Manor, to meet her ladyship. The Right Hon. the Chancellor of the Exchequer has issued invitations for a full-dress dinner to the leading Ministerial member, of the House of Cornmons,on Monday next. The dinner will take place at the Clarendon Hotel, in consequence of the right hon. gentleman's mansion at Grosvenor•gate being under repair. The Right Hon. Sir William Hutt, M. P., and Lady Hutt have arrived at their house in Grosvenor square from Paris. The Chancellor of the Exchequer will a give full dress dinner on the 18th inst. ►t the Clarendon Hotel. The trial of General Halpin commenced at Dublin on Saturday, before the special commission. He denied the jurisdiction of the court ; but, on being called on to prove his American citizenship, he requested that a num ber of witnesses might be called ; and some amusement was created on reading the list when it concluded with the names of James Stephens and Colonel Kelly. The trial was not concluded when the court rose. We are glad to learn (says the Leeds Mercury) that there is • prospect of the proposal made some time ago for the more speedy liquidation of the claims upon the unfortunate shareholders of the Leeds Banking Company being acted upon. The suggestion made was, that the share. holders should endeavour to raise • sufficient sum to pay off the claims on the bank in full as speedily as possible, if the creditors would consent to forego the amount due as interest, and a committee was appointed to carry out the _ . . arrangement. A large number of creditors have already oonsented to this proposal. An incident occurred in Fleet-street during the Lord Mayor's procession on Saturday, which gave rise to much amusement. A portly ward beadle, with an enor mous bouquet, and carrying his small gold mace, had up to that point, though with some loss of breath, managed to keep pace on foot by the side of his master's carriage. There he appeared to have become exhausted, and, availing him self of • momentary pause in the procession, entered a smart hansom, in which he proceeded for some distance right in front of the carriage of Sir Thomas Gabriel, the effect being somewhat ludicrous. The beadle was wailed with no end of " chaff" from people in the crowd, until be disappeared altogether from the procession. Why or wherefore be left no one appeared to know. At Blancfiord (Dorset) fair on Fridayabout 3,000 sheep were penned. They fetched about 16e. a bead leen than they did last year at this time. The prioe of lambs ranged from 14s. to 225., and of ewes from 325. to 425. The pike of barley was ss. per quarter lower than the highest point it has reached this year. " Argus," describing in the Post a day with the Burton hunt last week, says :—" A finer field of horses and horsemen I never wish to see, and bad we got well away with a fox the riding of Mr. Newdegate, M.P., Sir Frederick Johnstone, Captain Chaplin, Lord Henry, Mr. Chaplin, and a few others I could mention, would have been worth travelling miles to witness. With respect to the ladies, amongst whom were the Countess of Yar borough, they rode and looked well. I could not do other- wise than admire Mr. Chaplin and Lord Henry's horses, owing to their having plenty of substance with great quality. Mr. Newdegate was on a rare good mover, with his forelegs bandaged ; but nothing can pass him when the hounds settle to their work." The convict Gould, who now gives the name of O'Brien, has been identified as one of the party of four men who were tried at the South Lancashire Amazes, in December, for having illegal possession of a number of government rifles. The convict then described himself as Michael O'Brien, and said that he was a mechanic. He was seen in company with three men, carrying several heavy cases into a cellar in Liverpool. The police appre hended the men and seized the cases, and found that the latter contained 49 short F.rifields, which were identified as the property of a Volunteer edrps in London. The cases also contained a large quantity of phosphorus. The American Commission at Paris have been very generous to some of the scientific establishments in presenting them with the valuable collection of specimens of the mineral and chemical productions of the two con• tinents, for which their department was so remarkable. According to French advises the vintage has turned oat unfavourably. Eleven hogsheads of wine will not make more brandy than seven hogsheads in 1865. The French cognac merchants will not take orders at any prices for the present. Mr. Edward Walker, vice-consul at Tripoli, has been appointed her Majesty's Consul at Cagliari, on the death of Mr. Craig. THE BRITISH IRON TRADE. —The government have directed that inquiries be made into the truth of the statement as to the departure of trade from England to the Continent, having especial reference to the trade in machinery and implements. This duty has been confided to Mr. Samuelson, M.P.,the head of the extensive agricul tural implement works in Banbury. Mr. Samuelson is well qualified for the work, having a thoroughly practical acquaintance with machinery, and being also an accom plished linguist. His journey will occupy several months. Liverpool A/biort. HoerrrAL VOL DISRASIS or TEI HEART, 67, MARGAIIII , STREIT. W.—The number at palmate relieved daring the week ending Nov. 9 was 133. PRUSSIA. BERLIN, Nov. 11. On the demand of the Public Prosecutor, Herr Tweaten has been sentenced by the Stadt gericht of Berlin to two years' imprisonment. on account of the speech which he made is the Chamber of Deputies on the subject of the adminis tration of !justice in Prussia and which has pre viously been the subject of prosecution. AMERICA. ARRIVAL OF THE UNION. SOUTHAMPTON, Nov. 11. The North German Lloyd's steamer Union, from New York, has arrived here with 109 passen gers for this port, Havre, and Bremen, with 40 sacks of mails, 73,128 dollars in specie for Eng land and 2,500 dollars for Bremen. She sailed on the 31st. On the sth, in latitude 47.1, longitude 41.7, al* spoke the American ship Tonawanda, and on the Bth, in latitude 49.59, longitude ,20.49, the Norwegian brig Helga, 95 days from Rio Grande for Falmouth, short of provisions. She was supplied by the Union. NEW YORK, Ocr. 31, MORNING. The election in Georgia is quietly progressing. Only a few whites vote. General Pope has ordered the polls to be kept open until Saturday night. An overwhelming radical majority is regarded as certain. The Ex-Governor Andrew of Massachusetts died yesterday of apoplexy. The British steamer Amsterdam was totally wrecked on Tuesday at Montauk Point. According to intelligence published here, St. Domingo has declared war against Hayti. QUEENSTOWN, Nov. 11. The Cunard extra screw steamer Aleppo arrived here at 5.25 a.m. to-day with 128 passengers. She landed 27 passengers and despatches, and pro ceeded for Liverpool. All well. On Saturday, M. Peprt, of the A renir National. received a summons to appear on the 15th of November before the sixth chamber, on a charge of exciting to hatre.l and contempt of the government in an article published on the 12th of October headed " The Roman Expedition." _ _ A correspondent at Canes (Crete) writing on the th ultimo says :—" Last week I, with some Mends, visited Mount Melata, or ancient Berecynthus, 2,045 feet above the sea level. We took about two hours to mount by the path. At the top is a gnard•house, held by Turkish troops. Here we obtained a good drink of cold water. After that, for three shillings, I and party had a supply of eggs, brown bread, figs, olives, and Cretan wine. It is impossible to describe the scene which lay at our feet from the top of this mount. In the d:stanee the Sphakia moun tains, 10,000 fest high, the deep valley and luxuriant plains between, with the sun shining on them, looking like a fairy foreground. I have been in a great many parts of the world, but I never stood so riveted to the spot as I did when the panorama from this mount first burst cm our view. The effect of snob a beautiful and ex. tensive country, backed by the snow.eapped mountains towering up into the clouds, is too grand for words. On our way down we passed through more than a mile of olive groves.' LAW INTELLIGENCOL (THIS DAY.) EQUITY COURT. (Before Vice-Marmara Sir W. Page Wood.) ill oe THC ■LOON STEAM PACKET COMPANY (LIMITED), MUT' ISIIEDLIT AND ILiTCHZII., In the course of the winding-up of thin company, the names of Meters. Smedley and Fletcher had been settled on the list of contributories by the official liquidator each for fifty ordinary shares. Each of these gentlemen had acted for • time as director of the company, for which the qualification required by the articles of association was the holding of fifty shares. Mr. Smedley's case di ff ered from Mr. Fletcher's. Fifty shams were voted to Mr. Smedley before he applied for any, and his name was entered in the allotment book and another, bat no number of shares was placed sgainst the moue. Mr. Smedley paid his deposit money of lus. a share, but after • time becoming dissatisfied, retired, and insisted upon a return of his deposit money, which was complied with. The receipt which he gave at first specified that the shares were anal lotted ; but this statement having been objected to was amended. The me morandum of this receipt in the company's hooks was the only record of the number of shares which ap peared in the books anywhere. In Mr. Fletcher, case an application was made by him for 50 shares, in order, as he said, to enable him to ckualify himself as a direct or , though he did not date this in his application ; and ha was present at a board meeting when the allotment wee ordered to be made on his application. It wax undisputed that neither Smedley nor Iletcher ever received any letter of allotment. Mr. Fletcher also applied for and obtained a return of his deposit money. He never was called upon to pay and paid any allotment money, or any call. The Chief Clerk having thought that neither of these gentlemai was a contributory, the official liqui. dater Mr. ru i ree . t., C., appeared for the o ffi cial liquidator; and Mr . 0. Morgan for Mr. Fletcher. Mr. Kay, Q.C., for Mr. Smedley, was unheard. The Vioe-Chancellor gave judgment this morning. He said that the authorities had decided that three things were necessary in order to make • shareholder liable u a contributory ; first, an application for shares ; secondly, an allotment of them ; and, thirdly, • communication of such allotment to the applicant. If either of these were wanting, the contract was not complete. Now in Mr. Smedley's case the third ingredient was cer tainly wanting' and the circumstances that the shares were voted to him before be applied for them made the case stronger. No one asserted that any communication of an allotment was ever made to him. Mr. Fletcher's cam -vas very different. He applied for his shares simpliciter, and though his object in applying was to qualify himself as director that object was not specified an his ap plication. The fact that be received no letter of allot ment was immaterial, considering that he was present at the board meeting, when the allotment to him was ordered. On the whole, his Honour thought that in this instance the contract was complete and binding on Mr. Fletcher. Mr. Smedley's name would be removed from the list, and Mr. Fletcher's retained ; but his Honour thought it was not a case for scats. 1.17. Drupe, for the official liquidator, did not pm* for mete. COURT OF COMMON PLEAS. Bittings in Baneo.—(Before Lord Chief Justice Bovill and Justices Willis, BOA, and Keating.) APPELLANT, e. itiliEB, REAPONTiENT. The appellant in this ease was a contractor for supplying forage to the troops at Aldershot, and on the 11th Decemberlast he in execution of this contract, was carrying a waggon-load of hay to Aldershot. At the Farnborough turnpike-gate the respondent demanded and received td. for toll. The respondent was afterwards summoned before a bench of magistrates for the county of Ramp. shire upon the ground that be had acted illegally in taking the toll, Inasmuch as the General Turnpike Act exempted from toll all vehicles employed in carrying any commissariat or other public stores for the use of her Majesty's forces. The magistrates, however, dismissed the complaint, and their decision was now appealed against. Mr. Wood appeared for the appellant, and Mr. Herring. ton for the respondent. The principal points raised for the court were that the bay was subject to rejection upon inspection, and, there fore, that it was not necessarily bay for the use of the forces ; and, further, that this particular Imo of hay was not, as far as the contractor was concerned, irrevocably ap propriated for the use of the troops ; and that there was nothing to prevent him from selling it to any person from whom he could get a better price immediately after passing through the gate. The Lord Chief Justice said that he bad no doubt what ever that toll was not payable in this case as the vehicle was within the exemption contained in the statute. Decision reversed. COURT OF EXCH E QU ER . _ . Sittings at Niai Prina.—(Baton, M;. and a Common Jury.) T. PARRY. Baron Martin The declaration stated that the defendant in considers. tion of the plaintiff entering into an engagement to per. form in a certain piece during the "run" of such piece, undertook and guaranteed to the plainti ff that it should run at least eight weeks, and then sileged a breach of that contrast. The defendant pleaded that he did not promise as alleged. Mr. Serjeant Parry and Mr. Joyce were counsel for the plaintiff. Mr. Serjeant Ballantine and Mr. Charles Cole man counsel for the defendant. . Mr.Sesrant Parry, in opening the case, said the plaintiff, Mr. Emery, was the well-known actor, and the defendant, Mr. Sefton Parry, the proprietor of the Holborn Theatre. After the prolonged ran of the drama called the/tying:wad at that theatre, the defendant applied to Mr. Tom Taylor to write a new piece for him, and ultimately Mr. Taylor supplied one under the title of the Antirydes and suggested that he should get Mr. Emery to take the part of " Duck-fingered Joe," who was one of the princi pal characters. At an interview between the plaintiff and defendant the terms were discussed. Mr. Emery asked 121. a week, which he received at the Lyceum under Mr. Fecbter, but agreed to accept 10/. The defendant then wrote out an agreement in these terms :—" London, May 22, 1f067. I hereby engage you to play the character of Duck-fingered Joe for the run of Tom Taylor's new drama, at a weekly Wary of 101." On this agreement being read over by the defendant, Mr. Emery said the term " run " was very indefinite, and objected to it, and after some conversation, the defendant said he would guarantee that the piece should ran at least eight weeks. The learned counsel commented on the reasonableness of this guarantee, observing that it was not likely that an actor of Mr. Emery's ability would under take to play a new part, if the piece ran only fie one or two nights. The result was that the piece only ran for two or three weeks, and Mr. Emery now sought to recover 201. for two weeks' salary, in addition to a small amount of expenses he had been put to in getting another engage ment, having been for that period out of employment. He afterwards entered into an engagement at the Strand Theatre ; but was now performing at the Lyceum, by per mission of the manager of the former place of ante-11 , 10 meat. Mr. Samuel Anderson Emery, the plaintiff, Wit examined in proof of the above statement. He said sir. Parry declined to give him 12/. a week for the summer months, as he could not afford that sum, and he consented to take 101. When the defendant read over the agree went, he said it was too vague, and that belied never had such an offer made to him—that " run" might mean s week or a fortnight at the will or caprice of the manager. The defendant said he should make the piece run for st least eight weeks, as the Plying was going into the country, and he had nothing else rewly, and especially as he had spent 7001. on scenery and properties. rpm that understanding he signed the agreement. The A Atr pocks was only played for three weeks. On the 14th June • notice was put up in the theatre to this effect : " Ladies and gentlemen are p.,litely informed that the season will terminate on Friday evening, .'tine 2s, Pei. Ladies end gentlemen wishing for re-engagement will please communicate with Mr. Sefton Parry." At the end of fortnight after the theatre closed be made an engagement with Mrs. Swanborough, at the Strand Theatre. His es. penes' out of pocket were 31. or 41. M-. Serjeant Ballantine, on the conclusion of the wit nose's examination in chief, submitted that there was no ease. The action was on a written agreement, but it cot tallied no guarantee that the piece should run for eight weeks. Mr. Serpent Parry submitted that the conversation between the parties might be taken as part of the contract. Mr. Baron Martin suggested that the parties might are to the facts and damages, and the question might be left for the court above. He had, however, himself no doubt upon the law. Mr. Serjesnt Ballantine said they could not agree to any damages, because they were not agreed ~s to the fac!t. Mr. Baron Martin said the clear law w.ui that if Pal to put their bargain into writing, the bargain au written Wu the contract between them, and no other. The plaintiff was then nonsuited. COURT OF BANKRUPTCY. (Before Mr. Commissioner Holroyd.) IN KS 11011.R1H JAMIN—A DOUBLE AILII The bankrupt was described as a genend merchant, of Duke's-place, Aldgate. His debts were only l'2l/. Mr. Sykes, for the official assignee, stated that the case was an extraordinary one. The bankrupt bad presented his own petition, and had been adjudicated bankrupt on the 5.h of September. A creditor, who had pr"ed affidavits, arrested him on • avian to hold to bail. Whets the registrar visited the prison the bankrupt WAS before bim, and stated that he had not been bankrupt before, whereupon the registrar again adjudicated hint. He las thus before the court on two proceedings, but the debts were the gams in each. Mr. R. Griffiths opposed for a creditor. There 1)04 double adjudication, one on the bankrupt's own perms), and the other made by the registrar on his periodical s 1 tation of the gaol, he asked that the sitting should be ad' journed, and that the bankrupt should he directed to m ats Porno attempt to arrange with his creditors. His Priv eipal debt was for board and lodging at the hotel kept bf the creditor. The petition itself was bad, by reason misdescription. stated Mr. G. Lewis, who appeared for the bankrupt, !IL