The Express. — London, England, 1865-07-31 00:00:00

LIFEBOAT BERVIOEB.—During the storms at the past year. INS, the Hoots of the National Lieboat Institution have mired In pongee from Menai wrecks as our coasts. The lagattatkm haa alga espeated Au,6st Ma 64. m e w some period on Us Lifeboat eehthnsaM. in addition to nt ing ALIN se rewards for gavial On &Unlimited Pomona by t o tag lifeboats and other mama The Committee of the Inatitutton earnestly APPEAL to the paw far ASSISTANCE, to enable Chem es gas.s tat mo sisoed heavy demands on the Inatitatioas 160 Mihail Eatablishments. Osatributions are received by Belem Willis sad Ce. ; Berries and Co. ; thane and Co . . sod g ch alth. London and country hankies and by the Lewis, Esq., at the 1401 141a04. 14. 34h44114448eCA141.111. /*VERA and RACK GLASSES, by NEGRETTI NJ , am e 7AXBRA, tla. sad 42a, la leather awe, with reek cereal lesera or in shualanue, I inkier and arrararda Tolle bad ugly ea their tour estabilahaseete lp t 44o. lleaterardee; kg. Gorphil : 1% Beireetlareet ; sad LK JOHN BROOD'S. ORIGINAL GOLD °HAM MANUFACTORY, 11. lIINALITTA4rTAZIM COVINT-GliMalf. JOHN BROGDEN'S GOLD °HAIN& JOHN BROGDEN'S GOLD GL ADD ORAENS. JOBE BROGDEN% G OLD ALBERT CHAINS. JORN BROGDZNI3 GOLD BR 0 OCR CHAINS. WU, evorefifS. TO 001t1raTONDANTS. ebsellsementa Wended foe " Tito Ispeoes • Lesbos Zweetas , must be at the Mee, 10, bonverbeetreet, by Too leper on the day oe pablkotion. HAYMARKET. Tors Eririnto, THE MIDDY ABHORL Mias Oars DenviL —HAMLET. Messrs O. Mantas, Voltaire, Montague. Fernan des. and Walter Mont's/seri; Maras Atkisson and Robertson. —Asti • BALLET. Ma. PAULI We/W.—National Anthem at 7. PAINOSIOS Pitt IMMO. NIART-8731.1N011 AND VTDDLESTRINCIL —ARNAH NA MGM Mean. D. Bonelcoult. H. YandosboN. D. libber, D. Narroy, lloytoc, Chi: D. 'becloud& end Ms 1L 011ur.—Aad AN ANPLI APOLOGY. BRITANNIA. Tins Evraeo, THIRD CLAM AND FIRST CLASS. Mews. Crautord, Drummond, Bliwood, sad PIM ; Mesdames Yarn°ld, Mottos', and Scott —Wdll.l SHALL I DIN/ I Mi. J. Rep nolds.—And TIIS HRBRIN DIAMOND. Miss St Mass. HIGH WATIA AT LONDON-113.111011. MP DAY Marsha Th. lam.....AMensaa Th. 37.. Zmicasoir Mania& 81 Ltlasoca. Bh. 31S. LONDON, MONDAY. JULY 31. Tax present periodappears to mark an important crisis in the development of joint stock enterprise. The movement has passed through many phases, and met with much opposition, but its impor tanoe to the extension of modern commeroe has been fully and finally acknowledged. Hardly a family can be found that is not more or less in terested in the suooeas of a joint stock under. takeng. While shareholders were formerly few, they are now to be reckoned as the majority of the middle class. The enterprises conducted on this principle are rapidly spreading over all dc partments of trade, even over those which, a few , years back, would have been thought to have been exclusively the province of private firms. Thy system has hitherto worked well, but it is evident to careful observers that evils are begin- sing to creep in which bid fair to stifle all the good, and to bring with them a very considerable measure of harm. Over-speculation is, as usual, at the root of the matter. The chief thing considered by those who under take to introduce a new company is the quoted price of the shares. Although this is frequently no real criterion of the solid value of the undertaking, still it has become almost • settled point that a premium must be quoted, or the public, will not subscribe. Hence the practice has been gradu ally introduced of giving • fictitious value to shares by what was lately termed by one of the judges " delicate manipulation of the market." For • time this plan was tolerably successful. Investors, seeing a new company quoted at a good pre mium, naturally inferred that the property was well worth subscribing to, and there fore readily embarked in it. In many cases, however, it turned out that the price, which just before the day of allotment stood at a premium, fell to par, or perhaps a alight dis count. The object had been attained of floating the company, and there was no longer a necessity for " supporting the market." The manceuvre NOD began to be understood, and the speculative portion of the public contrived to gain from it no ►mall advantage. It is now • regular practice to sell the shares of. any new undertaking the mo ment it appaars, on the chance of buying back at a profit. In nine cases out of ten the transaction turns out successful, and thus the promoters of companies have begun to be beaten_with their own weapons. In order to counteract these operations the introducers of a company occasionally adopt the plan of buying as many shares as are offered, and of allotting as few as possible. The result, of course, is, that when the settlement is appointed, there are no shares in the market to be got for delivery, and the speculative sellers are forced to submit to the most exorbitant terms to be enabled to carry out their contracts. _ - Of the morality of this sort of antagonism it is not necessary to say much. On the one hand, it may be said that introducers of oompanies ars morally defrauding the public when tempting them to subscribe on the strength of a purely fictitious price. On the other, that no' one has a right to depreciate the merits of a concern of which he knows nothing, by systematic and reckless speculation. In the great majority of cases neither side deserves any sympathy. It is worthy of remark, however, that complaints are never heard from the party that supporta the market, but only from the other. This, surely, is most unreasonable. A speculator engages to deliver on a certain day so many shares of a company, exactly the samosa an ordinary con tractor binds himself to deliver so many chests of tea or tons of iron. In either case it is a simple mercantile contract, and ought to be enforced. If the transaction should prove a heavy lose it is a necessary consequence of an error of judgment, and should be accepted as such. The case is but little altered when it applies to 'hares in new companies. All that can be said is, that then it is simply a question of sharp prso- Um on either side, and the one outwitted hes no right to complain because he has been inoom- 1 patent to outwit the ether. It is very hard upon an originator of a serious enterprise that, after spend ing much time and money, and anxiety upon the formation of a project of really legitimate value, his efforts should be set at nought by the operations of a body of speculative milers who never attempt to use the slightest discrimination as to the value or bona fides of any investment that may be offered. Many asses have occurred where reckless speculation of this sod has absolutely compelled the founders of a com pany to incur a large responsibility in addition to that which they have already been obliged to undertake. They have been placed in the posi tion of necessarily purchasing large amounts •of shares in the market in order to prevent the fruits of their time and labour from being alto gether thrown away. It is tree that the specu lative sellers lost their money in the end—a fitting return for the needless anxiety they had pre vious'y caused. We have had many mai4g l mania, a railway mania, • • finally we have probably j ugh share premium mania. The er this last his been maintained is now thoroughly under stood, and the public have entirely lost their con fidence in the professional introducers of public companies, and the skill they have manifested in carrying them out. At present the chief task of the shareholders of the new undertakings will be to winnow the chaff from the grain, to proceed vigorously with those possessing sufficient capital, and to summarily wind up in any case where • want of means precludes a legitimate success. It by no means follows that a company is per manently established because its shares are quoted at • high premium. It will also be well that shareholders should show a little less of that over confidence of which from the days of Mr. HUDSON they have been so lavish. Directors must certainly be trusted, but they ought equally to be required to give a fall account of their trust. Incompetent members, whose sole duty is to record the decisions of their really active colleagues, might be Nivea tageously dispensed with, while the emoluments that they receive for doing nothing would in justice fall to the share of those really bearing the burden. An advantage would be gained if the prospectus invariably stated what appropriation to the Board was provided by the articles of association or statutes. It is almost unnecessary to speak of the extreme desirability of a thorough and independent system of audit, as desirable to the directors themselves as to the shareholders. In many came this would prove of especial vane, and particularly where a company starts with the purchase of the goodwill of a private business, and where an examination of the grounds upon which the price is calculated ought to be an essential preliminary. The ATLANTIC TELIORAPH.—UntiI the successful laying of the cable is demonstrated by the receipt of messages from America the public will be very sensitive to rumours respecting the progress of the operation. Yesterday a report of a very disquiet '4 tendency, which will be found among our tele grams, was published by a weekly contemporary, and held exclusive possession of the field all day. It was stated that after the Great Eastern bad paid out seven hundred miles of cable an accident oc curred, that owing to some unknown cause there had been a total loss of insulation, and that no communi cation could be held with the ship. This statement was made on the authority of Mr. Glass, Managing Director of the Construction Company, and was dated Saturday, without specification of hour. A telegram, dated yesterday, informs us that the fault, whatever it was, was removed at 1.50 yes terday morning, precisely twelve hours after the occurrence of the accident, that the insulation was perfect, and all was going on well. A further message, dated at a quarter-past four yesterday morning, states that the Great Eastern had then run 650 miles, and paid out 750 miles of cable, and that the continuity and insulation were both perfect. It was not to be expected that the cable could be laid without some accidents of this kind ; but it is satis factory to know that they can be so soon repaired, and that the communication is then as perfect as it was before. Supposing the Great Eastern to have con tinued her voyage successfully, she would by this morning have accomplished half the distance between Valentia and Newfoundland. As her rate of progress will probably be accelerated as her load is lightened, we may hope that by this time next week her work will have been accomplished. Int court. 0213ORNE, JOLT 29. The Queen and royal family went out yesterday in the morning and afternoon. The Prince end Princes of Wales dined with her Majoai. JOLT 30. The Queen and Princess of Wales drove out yesterday afternoon. _ . . The Rev. George Protharo, had the honour of dining with her Majesty in the *veiling. Dirks service wee performed at Osborne this morning before her Majesty, Princess Helens, Pacoima Louise, and the Ledies sod Gentleman in Waiting. The Rev. George Prather° officiated. Priors Leopold and PAWNS Gastritis attended the sm. vial at Whippingham Chan*. Despatches were received ow fietorday at the Colonial. dice from the Govemors of the Wert fedi% Mande, the North American Pr.winces, Bermuda, and Vaiwouvee. Island. Despatches ware mot to the Governors of Canada aed the Bahamas. The Queen, after visiting the ring of the Bel- giam at Luken, will travel via Brawls to Cologne, and theme to the Chateau de Kraeichsteio, neer Darmstadt, on • visit to the Princess Alice and Prime Louis, Her Majesty will proceed, at the latter end of August, from theme to Coburg for the inauguratiou of the monument to the Prince Consort. Lord Granville will be the minister who will accompany her Majesty during her journey. The Queen's sojourn In Germaoy will extend over four weeks, when the Queen and Royal Family will return to Windsor Castle, to remain there for • few days only, sod leave about the middle of September for Scotland. The Court will return to Windsor at the latter sod of the month of October for the winter sewn.—Court Journal. Their Serene Highnesses Prince and Princess Edward of Saxe-Weimar entertained, during the ram week t Goodwood, at Holcombe Home, the Doke and Duchess of kschastar, the Marquis of Hartisgtoa, the Bart of Derby, tha Earl Granville. the Earl of Sefton, Sir Henry sad Lady Sophia Des Wen:, Mr. and Lady Mary Craven, he. The Duke of Richmond's party at Goodwood Boma dor ag the rice week, comprised—His Royal High. nem the Duke of Cambridge (*Mauled by Colonel the Hon. James Masdeastd), the Marquis of Ailesbary, the Earl of Weehmorelaad, the Earl and Coaster of Chesterfield, Hari Aniassley, the Earl of Winthilsea, the Earl of Breekooek, the Earl of Strafford, Lord sad Lady Odlia Bingham, Lord mid Lady Alexander G. Lennox, Lord Hoary G. Llama, Admiral the Hon. HeoryJ. Rose, Sir FrederiskJohnsteem General Peel, Colonel Newton, 0010001 TOWN', Mr. Girard Stork sad Mr. Paine. The Duke and Duchess of Sutherland leave town in a day er two for Trentham, Staffordshire, where they enterlsia a select party of friends before they go to Dunrobin Culls for the shooting season. The Earl of Derby, who returned to town on Friday evesisg from visiting their Serene Highnesses Prises and Princess Edward of Saxe-Weimar, at Hol combe daring the Goodwood races, left town on Saturday afternoon, accompanied by the countess, for Knowsley Park, near Liverpool. Viscount and Viscountess Sydney have arrived at Aix-la-Chapelle from Pavia. The volunteer flies in Windsor Park, which have attracted so much notice during the past week, were brought to a oleos on Saturday, with a distribution of prizes to the Berke County Riese, followed by an inspection of the regiment and a sham fight, in which the Queen's (West misstep). the Victoria', and other metropolitan oorps, also took part. A numerous and fealtieoable company as sembled to witness the evolutions, which were executed with great promptitude, and called forth the warmest malogiseng from the military authorities as eshibiting a high degree of intelligeace and sibeiesey. Ma. Kssirstra MACAULAY.—This gentleman has bele removed from Mr. Crest's. Kiss's-parade, darobridgt, to a house reeestiv ooenpied by Professor Stokes, os the lossfield-reed. Here Mr. Macaulay. who has somewhat Misread in health, will have the bosAt of greater quiet and purer air. ROYAL HoIITICULTUE .A hi LL SOCINTY—ghIy ono. . . I awful ;1;o;C:1Ism was bald on datiuday at th; oiwasty's i roibda. Mum. Boil, Icety sod 80a. mid Mastoid aad Ii el wars 'swag the aid coal ribataa. :o fr • A , .• CA. - 1101 ARRIVAL OF THE BELOIIII I . (Vi. Greencastle.) NISII YORK, JULY 21,_Nowir.. The election at Richmond has resulted in the success of the Sooessaion ticket, Lee's paroled soldiers voting. The New Jersey Republican Convention have passed resolutions favouring the enforcement of the Monroe doctrine. NEW YORK, JOLT 22, Noon. Formidable guerilla bands oontinue to infest the Teche district of Louisiana. The provisional governor of South Carolina has issued a Union proclamation announcing the elec tion of a State Convention to meet on the 6th November next. It is denied that Mr. Davis's health is bad. Gold, 144. COMMERCIAL INTELLIGENCE. NEW YORK, JOLT 21, NOON. The government sold 8,000 bales of cotton to day. Middling fair Savannah fetched 37}c. in gold per lb. ; Sea Island, 884 c. NEW YORK, JOLT 21, Arrzimoos. Money easy. Gold, 142 i. Exchange on London, 1541 ; Exchange on Paris, 3.66 i. Stocks heavy. New Yorl.• Central, 94i ; niinois,l2Bi ; Erie, 811 ; 5-20 United States Bonds, 101 i. NEW YORK, JULY 22, Evaluate. . Money easy. Gold, 1421 ; Exchange on London, 1541 ; on Paris, 3.081. Stooks quiet, New York Cen trals, 941; Illinois, 1281; Erie, 821; 5.20 Bonds, 104. Cotton quiet ; middling upland, 48. Flour dull. Wheat slightly firmer. Corn heavy. Provision good enquiry. Coffee quiet. Sugar good enquiry. Molasses dull. Petroleum, crude, 31i ; refined, 57. CANADA. QUEBEC, JULY 2L A petition to the Governor-General has been circulating through Canada waking an investigation regarding the statement of the Federal Consul- General at Detroit at the convention respecting the Reciprocity Treaty. It is alleged that the Consul has during his residence in Canada been engaged in secret efforts to procure the annexation of that country to the United States. CAPTURE OF TASCHKEND BY THE RUSSIANS. ST. PETERSBURG, JULY 31. The Loalisle Busse of to-day announces that on the 28th June General Yoharnajew captured Teich hand. The Russians lost 25 killed and 88 wounded. The occupation of that town is however only provisions 1. THZ BRAZIL MAIL. LISBON, JuLI 30. The Royal Mail Steam Packet Company's ship Oneida with the Brazil mail is to leave this port for Southampton at 6 p.m. to-day, with 63 passengers. 581 bales of ootton, 129 packages of ipecacuanba, 152 barrels of tapioca, 50 bales of wool, 250 rolls of tobacoo, and 14,8811. in specie. The Duro with the outward mail of the 10th July, arrived at St. Vincent on the 20th, and was to sail for Brazil at noon on the 21st inst. EXPItEI3B FROM PARIS. (PROM OUR OWN COI PARIS. SUNDAY SVENIND. The announcement of the Menikur that the 1 municipal elections throughout the country had passed off with perfect calm and order is generally mod true ; but an exception must be noted at Vitr6, in Brittany, where there were some serious disturbances. The Jour al de Rennes says : After the declaration of the auto of the poll the mayor and his adjoiets marched through the town with drums beating and colours flyles s followed by a crowd of men and womee, who cried out against cert►in persons for having exercised their electoral rights with independence. At 9 in the evening the mob went to the house of one of the , new oonncillors, and took possession of a manes, which they dragged about the town firing it off opposite the rail way station end at various other place. This cannosade went cm till near 2is the monde,. Ories were uttered in the streets of " Down with the priests, down with Use ratotins," sad it is even said there ware miss of " Vivo to Republiqne." ' • '' • • It does not appear whether the partisans of go vernment or the oppoeition were the disorderly par ties. The priests, however, in Brittany were likely to have used their influence against the " municipal Lettere from Belgium deny two recent assertion of the Paris press. They say it is not true that the Duke of Bassani) has gone to see King Leo. pold, and that Queen Victoria will palm a day with him at Luken. It appears that a company has been formed, the prospectus of which will appear in a few days, for as suming the proprietorship of both Covent Garden Theatre and Her Majesty's The Are, under the management of Mr. Gye, with a guaranteed dividend for a oerisin number of years. We regret to learn of the death on Wednesday last, at Use Lodge, ()wheat, near Cardigan, at a noncon formist darts», who has enjoyed for • long period of time the esteem and respect of a large *els of friends, the Rev. Caleb Morris, for many years pastor of the congregational church, Fetter lane. Meat safes are now need in which there is a con vene:me for piecing ice, and by which joints of meat ma be hung in them long enough to get tender, MA in the winter time. The potato blight has made its appearance in the Isle of Wight. Kew thaDINS. —Daring the past week it was an nounced that there was to be a dementratin yesterday is favour "Of the free Sandray" in the Gatlin, at Kew. It cased some alarm amoeg the officials, but it was set considered necessary to take soy special precantiorm The tide was so low in the river as to shut up the trails by the beats, vet visitors began to arrive in large num bers about 3 o'clock. They proved, however, to be el meek more respectable elms than had bees expected by she officials ; at 5 o'clock upwards of 10,000 persons had passed through one of the gate; sad before the hour of closing it was competed that folly 20,000 sliders had entered the gardens. The biehest number veeringly recorded on any Sunday during the present vesoo was under 10,000, and the largest number in say previous year has bean 15.000. Su. WMiam Hooker, in his publis he d ports, has alluded to the orderly coadon of the Sunday winters, aod yesterday proved no exceptieu to the rale, nsi it was *widen that the crowd consisted of reepectable work ing men and their families. Nothing unusual was ease but a few persons with green and white Absorb in their buttes holes, who, on bang asked if any spawns were to be mean directed the inquirers to the old alma near the ferry. At that spot the ceounittee of the Seeds, League s including mazy delegates from various nmereeolitas trade societies, assembled at 5 e'en* to listen to • few brief od dness, explaining the advantages to be derived and the less eons to be learnt by a visit to Kew Gardens. DOMOOSINIV don which are to take place deniers ware announoed.— Times. Tres BUILDERS' STSTILL—A general meeting el the nies on strike at Cabin's Inn, 400 in number, was Wit The Bt. Petersburg journals announce that a o p Saturday at the Sevier-wells Tavern, Begeigge-welle. squadron, composed of 73 VIIIMMIS, is shortly to leave the road, when the resolutions of the delegates aispead es Fe nn of e.t.a, under the coatrend of tbe Grand AA- day evening for eosin the strike, mod Oh. slorfolloro of label, the Grand Dube Constantine. It will be composed toe men. ar s to . re te m tbs h fit i adv " w e r ae „th at b w e as bef t .r. 411 Minn. seresnocerveldes, sad different arnionr-plated eeee im - with men should numb. Tao &ideation of this squadroa and the length of take in their tools this (Iffooday) . ?became:Mee, RI mine are sot stated by the Ronan journals, but d- however, will ell at the Begeligeswelb yarn daring the vitas from Copeohagea bin already sammeasd that th e whole of to.dsy to per the mss their dividend for the rat squadron in questa** was expected it that port. , week, which it is expected will exceed that of the previous Monday, when it was 15e. The amount al levy paid in on govesorrroi, Jut? 30.--The Spanish screw- Saturday evening was about 2501.. whisk will he divided resegaer Mavis Pis, with a genial cargo sad 37 memagere among the strike men tide day. It is wonky of erodes that from gjekos, arrived maw today on bee way to biodeek thedosen men who bad OWN up from** monetry, sad pas Are Ike asottespi landed at th is port is bar Grans the iete work at Cute der* tin m their paid ther May es Dubs= el Palmetto. Bahirdsy. Five hundred copies of Ledru Rollin's new pamphlet have been seized at the Boulogne , Custom-house, through which it was attempted to pass them interleaved in protestant bibles. M. Horn, a writer of some eminence, thus com ments in the Avenir National upon the ministerial changes in Austria : The mew cabinet is manifestly provisional and mama plebs. K. de Mensdorff at the last moment refused the presidency of the council, while still remaining prime minister. IL de Planer, finance minister of the late cabi net, is only "temporarily pieced in retreat ;" the Minist.i of Marine remains vvsnt ; the Ministry of Police is pro. visionally entrusted to IL Belcredi, who is besides President of the Council and Minister of the Interior. That so better arrangement could be made after five weeks of laborious negotiations shows how difficult & task it la to replace M. de Sclunerlioes cabinet. But a still more striking proof of this is the composition of the new cabinet. They are all new men, beginning with M. Beleredi, who was but yesterday, vmpletely unknown except by a small circle of private friends. During the fortnight that hi name sod the names of MM. Homers and Larisoh have been before the public the Vienna journals have made serious efforts to find out something about them, and with ell the pains taken little more has been ascertained than that they are real Being beings, ready to accept portfolios. That Is pretty rawly all that the Austrian people know of the men who have undertaken the heavy task of making substantial conoessions to the Hungarian provinces without displeasing the Slavo-Geeman provinces; of restoring dual ism in the monarchy without abandoning the unitary centralisation. The meaning of this is that all the " old" and "knows" political personages—and leAustria more than asywhers else old names are looked for in high places— have refused to accept the responsibility of the new stemapt at reconciliation and reorganiatioc. This eclipse of the "ancients" is not perhaps a bad thing per se, albeit the situation is net very favourable to experiments and apprenticeships ; bat the fact shows at soy rate how diffi cult the situation is considered to be by statesmen of experience. 1100.111 I, JULY 3l, tem.' ..,!•41111,4` Ijmis NAT a i.cliugityAssll,4loll • Events :which, turn out to be et OD -I,iderable importance often cone very quietly into the world, and we shall be much mistaken if the inaugural meeting of the National Artillery Association, which commences to-day at Shoeburyness, be not one of that character. The riflemen have made their Wimbledon an established fact, a great anniversary—a sort of Derby in powder And •ball ; and now the artillerists amongst the volunteers—by prescription the right arm of the civilian army—are determined to have their Wimble don also, only that it is to come off at llhoebury nese, it being found quite impossible to get • safe range for the great guns at any spot nearer to town. The idea of a National Artil lery Association originated with Lieutenant- Colonel Harcourt, of the Cinque Port Artillery, and has been followed up with greed energy and zeal by that officer, ably &misted in all admi nistrative details by Captain Rudely, of the lot Middlesex Artillery. The proposal of these ri flemen, when submitted to the War-office, received the warmest support from Earl de Grey and Lord Hartington, and all the appliances of an artillery encampment were as far as possible paced at the disposal of the promoters of the new Association. We say as far as possible, because in consequence of the various camps both of the line and volunteers which are at this moment up in different parts of the kingdom, and also because the National Rifle Assoc's tion have not as yet returned the tents of Wim bledon, there is just now rather • scarcity of canvas accommodation at Shoeburyness, and the amateur gunners will therefore get their first experience of the tented field under circumstances well calculated to give them a foretaste of the genuine hardships of •• campaign. The War-office has plentifully sup plied them with ammunition and guns, but the latter are all twelves, eighteens, thirty-twat' and sixty-eights, of the old smooth bore pattern, and there were not a few of the intending competitors who grumbled slightly at being confined to those now obsolete weapons, and asked why they should not be permitted to try their hands at the Arm strongs and Whitworths, or some other guns of the present or the future. However, a beginning must be made, and the Artillery Association has begun in a very energetic and creditable manner. The Association, under the presidency of his Royal Highness the Duke of Cambriilge and an influential council, announces the following prizes to be competed for during the week. This day the Queen s prize, 1001., will be shot for, fi ring to commence at 9 o'clock, each detachment, of which thirty of ten men each are expected to be present from the various artillery corps, to fire five rounds with the service charges, either at 1,000, 1,250, or 1,500 yards' range, according to the calibre of the guns they have been in the habit of using. A minute will be allowed for each round, and a point is to be de ducted from the score for each twenty seconds' loss in firing. The firing to be either at the ordinary barrel and flagstaff or at canvas targets of 8 feet by 12. Six points will be the maximum that can be reoorded for any single shot. To-morrow, and under similar regulations, the Duke of Cambridge's prize of 601. will be contended for at 10 a.m. ; on Wednesday, Lord Palmerstoe's of 401., at 11. ; on Thursday, the Association Prize of 701., at 12.30 ; and, on Friday. at 1.30 p.m., a prize of 50/., which has recently been liberally laded by his Royal Highness the Prince of Wales. On Saturday, at 11 am., the Marquis of Harting ton will distribute the prizes • and on that day, as well as at intervals during the weak, there will be, to enliven the programme, swimming and cricket matches, and various athletic sports, such as our younger volunteers take delight in. The detach ments which, on Saturday, had alreadytaken up their quarters were from the Ist Essex, the Ist and 2nd Sussex, the Ist, 2nd, and 4th Cinque Ports, the fat and. 12th Kent, the 3rd Durham, the 4th West York, and the Ist and 2nd Middlesex. The 3rd Middlesex have not entered an appearance, althon3h their Colonel, Lord Truro, is • member of the council ; and the Hon. Artillery Company was also, unfortunately, absent—the guns with which they ordinarily practise being different from those for which prizes are offered. Altogether the pro gramme is • very promising one, and as the com mencement of a most important volunteer move.- ment, is well worthy of attention and encourage ment from the public. CEICKST. ---o Kinrr v. Susan:. —At about 12 o'clock on Satnr day morning play in this match wee resumed on the Bit- • and-Bell ground, Gravemod. With three wickets down for 105 runs, Kent went on with their escond innings, which they concluded for a total of 222. This number left Elas ! sex 19 to get to win, which Paine and J. Dean, jun., ob tained, taking their ble out. Same: thus won by ten wickets. SURREY Y. MIDDLURI.—At DOOR, on Saturday, this match was resumed oa the Surrey Ground, Kennington oval. Surrey, in their mound innings, had lost five wickets for 76 runs on the previous evening; this they made up to 132 aa their total. Humphrey, for his good batting. mark ing 56, rewired the "talent money." The fielding of Middle sex was admirable, and they was by 158 rune. Norrunnumaniltt T. l'osnintran.—At the Trent lx;dge ground. Nottingham, on batardar, this match was resumed by Nottinghamshire Reim on with their second innings, which they finished for 182, Jackson scoring 55 and G. Parr 48. The mooed innings of Yorkshire was dared for 53 only, which left Nottinghamshire victorious • by 55 rues. SURREY CLUB V. SOUTH WALES CLUB.—Tbis morning, at the Surrey mond, Keaniagton-oval, Washes" match will be comiaameed. FASHIONS 701 AUGUST. . • (Frans Es load) The fashion of baring promenade toilettes with fastened up over very short petticoats is sow to discarded ; they are still worn looped up, certainly, but fastened le such a menace as to admit of bebg lowered if required. Walking drawees ere only so midi when in boded for morning wear, and thou the petticoats over which they are festooned ere cooly • few inches from the ground. Far toilette de visite the drums on memo worn Nam shortened, as the MA* of having one skirt looped over another meet sot hi oonfonnded with the dross looped over the petticoat; as when the dress is made in the manner we have just described, the ander skirt is cut quite to the fall length, and forms a train at the back. Morning toilettes are generally made on nits—that dregs, paletot, and petticoat of the same ; the three being, of entree, trimmed to °ermined with the skirt. A body of foulard, alpaca, or muslin is generally worn under the paletot. Nevertheless there always is a body of the same material in ease of the **lot being required without sleeves. These pebble are generally snub with the sleeves arranged so is to hook on to the armhole, the fasten ing being coisomled by an epaulette, in cue of the white body being desired underneath; s the different sleeve show ing through the 'armhole of the cloak fa only considered suitable for very young girls. Morning dresses are made in any light material, such as mohair, poll de Mune, percale, alpaca, and !oohed. The lastmentimed manorial is still in great request for toilettes of all kinds, as there are so many different patterns and qualities that it can be adapted for any style or make. When made In the materials we have mentioned the cloak is of the paletot form, half fitting, or quit* tight, and is worn quite short, and generally accompanied by a hood. Muslin dresses are made with either • souf or shawl, the half•fittiog jacket seldom looking well in such light mate rials without it is lined with silk, as is generally the case with white muslin'. For more dressy toilettes, the lightest materials possible are selected—very fine Indian muslin,Chambery gauze. tails de sob, very flee poi de cheers, and light (miens. Them drams are generally won over coloured slips, of either tar latan or silk, according to the tats sad age of the wearer. When the ander-skirt is of silk the upper one Is mostly looped up on each side of the front breadth, no as to show the silk slip. Thicker materials, such as silks, are generally made either with two skirts, or is a style Orin the name appearance ; for instance, the front breadth trimmed with one flounce or more, sad another trimming down etch side, which gives the read the skirt the appearance of a tank. Skirts are made very full and very long, and the crino lines as large as ever. Some few ladies have disoonti• cued them, but there does not seem the least symptom of their general decrease, excepting for balls and evening concerts. On them °coming they are small below the waist, sod so very flexible that the lout pressure will com peers them, so that they have none of the unpleasantness and inconvenience of the more common makes. Many bodies of dresses are made with a beiges either round the waist or merely at the back, and with the skirt separate, so that it can be worn over the baps with a Laid, and thus form two distinct styles of bisque. Loose bodies, of a different material from the skirts, an vary much wore, and are made of foulard. alpaca, llama, and mualio. The foulard of figured alpaca, of the same colour as the skirt, end trimmed with coloured bottoms and very narrow velvets, is remarkably pretty. Boma of base are made with Berard loops of velvet fastened on the epaulette, and banging as low as the elbow. These bodies are rude either slightly fulled in at the valet, both back and front, by a couliese sad cords , or tucked sad stitched with some colour. Soma have fiat tacks both beck and front ; others merely in front, and drawn in at the waist imbed. The more damn reneges of muslin an made in a variety of elegant styles with lace or insertion. Many of them are trimmed with loomed insertion down the front and rotted the armholes. Toe coloured velvet or ribbon is pared through these loops, and a bead or sash with loog brad ends accompanies the body. The sheaves an either at the form celled " Bishop," and set into an embroidered pave', or puffed all the way down. Some are made of the mat sleeve shape and trimmed round the wrist. Blue is a very fashionable colour though oily suited to delicate complezioas and fair hair . , We me many blonds, domed in blue literally from heed to foot, the very gloves being blue, but this has rather a heavy effort. Wires the gloves are a pretty grey or stone colour the ensemble is much more elegant. For ladies with dark Bair maize is a very behimable and bromides colour. Our dark-baited elevates (among which are included many of the most distil:wine) are wear ies eraw lilts of the brigands/ Diana diem edged w ith black velvet and trimmed with maize and black feathers or flowers. The Fannon and Dubai' bonnets are still the favourites. Seine of the Empire honesty, with the high crown and stiff cans* seem to have been invented as a warning to show how ugly thinp can be Dade if carried to nom ; when of a moderate than they are rather pretty. Certainly the chignon being worn so much higher than formerly requires a voider shaped bonnet, but many of the Fiances shape are made so as to accommodate the fashion. White is very man in favour for toilettes of all kinds. ' The white alpaca dresses and cloaks, so iamb in vogue a moon ago, have become quite commie at all plum of fashionable resort, and have, therefore, been discarded by those ladies who do not care to modem a style after it has been adopted by the mama White foulards, with coloured flounces or pattern, and white manna richly embroidered, or trimmed over coloured slips, are substituted for alpaca. The foulards with coloured patterns make very elegant drosses when trimmed with coloured silk niches, or bands of Cluny lace, over ribbon. For ladies of a more advanced age they are made with silk or chenille hinges, and tames of parremeaterie. The silk girdle weds make a very pretty and simple trimming fora young lady's dress, For ‘ut-door coverings, the Yak lace half shawl or buroous is very fashionable. The silk inn e r greasdcula is also pretty, though, of course, not so dreamy. black silk mantles, worn with dresses that have not mantles of the same, are mealy tight-fitting, short, and magelliontly trimmed with passementerie end vipers. The feshioa of fastening the sash outside is certainly wan, bet it is very ugly, and has an untidy appearance. The little double- breasted loose jacket, cut up at the Woe to the waist sad fastened with large buboes, is very dieliaginfie and well won. WRATHER IMPORT. Yawl, JULY .-(THIS DIY.) II A.M. eas' i loasi 1 O. 2 0.16 2 -- I 1- 2 0.04 1 4 LAW INTELLIGENCE. (TlllB DAY.) EQUITY COURT. (Before Vioe-Chaseellor Bit B. T. Hinderslay4 17 Is. TIM MIN ?BADS BINICITI BUILDING bourn. This was a petition for the winding-up of this se• the retainer being Mr. West, who was formerly the solicitor of the society. It appeared that there ars 312 shares in the society, of which the petitioner holds ow twelfth, The society purchased three estates, one M. Oamberwall and another it Sarbiten, whieh they 4, 6 - '4 tribated smog the members. The last plot was MI it April bet, bat Moe 1836 the society hu dose so bur y except oollectiag the subseriptioes due from why " tanned "avowed sharsholden." The politicise? snot that there was moth*" left to do bet to p ad up, and that (mations might miss which eonld oily &sided by the wart Oa the other hand it apy tili d there had bees a riding of the nosiety, at which it wa s resolved to resin the wincling•up, and it was urged by flat comma for the company that no question could trite wig* weld sot be settled by arbitration under the rules. Mr. Ohms appeared in support of the petitioser, ere Mr. Jewel for the society. The Vice-Chessmaler sow pm . judgment. He mid la, thought it best, under all the circumstances, that M aa award be a winding sip, bat under the circiameance b e should appoint Mr. &kart, the present manager, prod, sited liquidator. In BC Mt ENVINTOItIe LSSOCIATIOI (mum.). This was a petition for the compulsory winding up of tbb company, or that the voluntary ending up, which is ass, proceeding, may go oa under the oupervisicia of the te t t It appeared that in December, 1863, a bill was prce m bd in parliament authorising a company to be farad, la he called the " Inventors' Association," to l a v a, bad in Chaseery•lthe, sad to creel AMUR g pMatofilos, with library, musasm, sad ether anTa aam far the peem.t on of practice] Memos In Fsbney, 1861, a Insmarasibm of assomition was 'ivied by ten gentles,. including Bir Morton Peto, MY Brassy, Sir Mali Fox, Mr. Scott Russell, sad Bir Joseph Pima , whsabseribed amoapt them for 640 shares of 10/. e / 4. While the bill was in parlismak the government MUM{ that the *bleu of the till was cm which til e = themselves to carry oat, sad the bill was withdraws, the effect of which was that the obieete of tha mociatioo were at ea end. In the meantime a Mr. ho e had taken the memorandum of amociatioa, signed b y se, aliovenamel teatimes. sad other, and by himself is seas. fury to the office forth* rogistratios of cumanisa, 'adroit. company registered, sad Mr. Chiffenel alleged that ba west to him, took offices at 34 sad 35, Canitorotnet Mr. Obit feuel's place of business, and directed him to finish the, sad to get some printing done. After the withdrawal cf the bill the company 'greed to wind up voluntarily, appontsd a Mr. BUM official liquidator. Mr. Chiliad made a claim amounting to 5001. and upward. for furniture, rent, printing. sad services, which Mr. Batten quotient tad he offered 2001., which Mr. Chiffenel agreed to dais provided it were paid at um. Mr. Batten, however, ad sot pay the amount, though he called on Mr. Chiffreel eat said he had draws a Moque for the amount, but said is had left it at home. W. Chiffenel irabseqoutly Waived as action, sad Mr. Batten wrote to him that if be bre* • I en action he would apply to the Caen of Chancery fora. • • lief. Mr. Chinfesel thereupon filed his petition. Yr. Glare and Mr. Higgins appeared in support of 161 petitios. Mr. Jeusl and Mr. Miller, who appeared for the comsee, s denied that Mr. Jones was the secretary of the or that he bad authority to bind the company, aid . he had. Kr. Claiffenore charm were exorbitant. The Vice-Obasoellor said it appsared that, except its Cheeses, all the debts of the association bad beet eller t paid. or, where they were disputed, compromised, sod es (patio* between the parties was not whether the ese pang ought to be wound up, but whether the deft which Mr. Chiffenel claimed ought to be paid is him or not. The question of whether he ova to be paid or not did not in the smallest define, Mobs the propriety of winding up the company. If there met debt die to Mr. Chiffestel, and there were no other mem of obtaining payment, of coarse the court would odor a winding up. But a perste could not come to this wart the purpose of proving whether he was a creditor Or SOL Even where a company was being wound up voluetwily then was nothing to prevent a creditor from brining en action to recover his debt, if no equitable mein arose. It had been suggested that If the action wen cm mooed the liquidator would 00114 to this court and ssit the court to dm is. Bat the court would say to the ligsidain "Do you admit the debt If you admit the debt Uncut will stop the action, bat if you dispute the debt ths court will not stop the action." This was a cos in which the right course of the creditor was le brie; his action at law. He should retain the utilise until the result of the anion was known, sad if Mr. Ckifi fuel failed in his action th b sztitica would be denied with oats. Bat if he area 1 his right sea cram did not follow that there should he a winding up, bid should dismiss the petition without costa because be thought Mr. Batten drove the petitioner to this court. TEDE POLICE COURTS. (THIS DAY.) GUILDHALL. THt PLECT-WritZT BITTING. Joke Metcalf, a respectable looking man, of 17, Broth street, Goldeomoquare was charged with remitting pellet coostable Goons Chi:robots, 346, in the execution of lit duty. The constable said be was on specie,/ duty outside it Bulldog ININCII Alas to keep char the footpath from begin men. Then was a groat crowd there, aad the Mended woo in she middle of it. He ordered the people to mon as, The defoodaot refused to go until he had aeon the taigas. sod hoisted that the Alcor was drank, sad he should Mb his oumber. The ashrams said the polhs had • difficult duty to par• form, in the execution of which the magistrates were dom. mined that they should be protected. He fined the Moo dont 10a., or semi days. The floe was paid. CLERK FM WELL. A DISPIZATZ RU=' OUTILAGL Herbert Forrester, who described himself se • her student, residing at 124, Psatonville.road, was = loiters Mr. Barked with assealting Mr. and Mrs. Haat, at 7, Obspel-grovs, Botnereitows, I. the Eastssi nisei. tin Mr. FL Allen, prosecug officer of the Associate IRA tat of far Improvieg and Enforcing the Laws for the for Melon of Women, attended to watch the use, sat*. Forrester defended. Mr. Hat said that he was with his wife and deli h the Euntos.road, whoa the defendant and another yew men pushed against them in • very rude and rough maim Hs told the defendant to mind whit he was about and PM to pub against his (complainant's) wife. oe which Is . defendant said ' Your woman, you mean !" The defended followed this cm by striking Me a fearful blow in tholes and made his oyes bleed. His rya was very much bii and blackened this moaning and he woe in some min. Mr. Foersator—l was with the defendant, an I being* brother, should like to ask this witness • few quotient, is I shall throw a different Ight oa the matter. Mr. Alexander (obis( clerk)—Are you • 'Melts ? Mr. Feerestor-1 am. I was admitted after last Taillif Toros. _ Mr. Almada (elerk)—l use your name is sot ia Gale Live. Have you got your earl &eats with you? Mr. Forrester—My same eonld not be in the Law Lilt ofr this year, ea I was net admitted until after It was vista ; sad as for my certificate I have sot got it with me. Mr. Alexander—lf you h►ve sot got your oertilkais allow you to practice. Mr. Forrester—lt is sot wool foe attorneys to Oaf their certificates about with them. Mr. Alezanuler —Yon will God it is. We °lily do 116 for the sake of the profession. If peewee are adored some and say they have a certilies.e sod do sot prodeall we shall b• °reran with persons who pretend to be * totems. Mr. Forreeter—l soy I was admitted after 101 Trih►, and have • right to be heard. In 'sewer to Mr. Forrester. the witness paid that heal not drual, sad he bad net got his arm round his waist. Of that he was whim. Mr. Barker—Even if a heehaw& did have his are wed his ante's waist I do sot see say harm is that. (Lied arre in court). Mr. Fonestra—The street is not the proper plus it? Mrs. Elirs Hunt said that she 111110 with her husbeed bad a child in her arms, when the defendant pushed all 6 d. her in s very nude nal rough manner. When be r heir remonstrated with bun he was savagely attacked asd rook in the eye by the defendent. Elbe and her bartend gm sober, and did sot say or do anything to the datesbiS before be gnashed ber and struck her Porme-mostable Boma 383 S mid when be trek 111 9 defendant into ceskody the compisimat was bleedlad • wooed in the fees. On the way to the polimetatam defendant wad be bed does it for • lark. All the 0 0 were sober. Mr. Torreseer submitted that the charge of awe& wee sd ins& cat ; and if it was, then his brother only Wert eelf-dedesee, rbe was first assaulted. He lied ne winner to oall. Yr. Barker sled he c , ngidered the OMNI VU folly lei est, and ordered the defentset to pay a bee of Oa. ge delimit to be iroprisooed aed kept to bud labour" 4 0 Home of Cortgetsio for 14 dm. The defendast wee looked up is default. ILIIIILBOROUGH-BTILEET. SAD OCCIDLLIDCZ. Anew Took. eatedriear, badge 9,843, BOW le Ta builatur, waiiebarget b e fore fir. TV."' with eanairg t h e &deb of a boy about Garton rend* named Allred Garrott, b 7 driving over Ws with abets tact cob. Pot ii Barley Lee, 91 A. said that aa violet altancee be wet oe dety at aldelek 4armi li mil be maw the prisms: dairies a hateased gab. awl t 1 Alfred Garrote eresair4 the rood, While the bey ivaallla sod warn feet is frost at the ham, he shooed arias* I the *bog et the sib wend one he lewd. The • ionsidlotely taken to Bt. George% liospitai, bet ad low gattlag them B. T. Main t 9.92 knordipas uuk . —.f9.89 14 krarts;;;_ 49.89.66 4Posuessii• te.93114 Vaasa..... Cape U•arfOW . . 1100 811 • • • tar - 41011.. L'Ortent tadistaAi Weymouth. reetmeoutl Leedom lo;riaWo;il ,- . Wads 8•111011111 d u. M. 2174- N.E. YD.BO 6p i 2886 IN W.L.W. 18 $6 OS LW. 3.88119 W. 119.84 It 8. arNr. 166.91 66 N.Y.. 111.97 64 N.W. N.N.E. 8.&6. W.N.W. PRomARLI. TIENELT. 011 NORTHERN WIDMER:DAT. ICE to N.W.. mode- Coen& N.N.W. to W.S.W., rate to strong, with heat to strong, =- some rale. settled. Northerly to LW_ WINTIRM. S.W. tot N. and back. fresh or strong, varying, fresh to squally. unsettled. strong, with squalls. N.& to N.W. and 8. W.. SOL - THERM. Varying, mixed wind; varying. moderate to trellis in g= with Mine& some rata. As next shove. turns. As next above. gerthereetilland. Wsesera.lreimmil. Wake, end adjs. media Southern olingline asennel end Nag od Amy. tostaramlestward inglend and North des. Tire Files tir Baraxu. ommt.—The Rev. &ether Beam& rector of Bethnal•grose, writes to the Times :—"Farly this morn's, 22 houses were destroyed by fire in Bethoal-grese. Twenty of them were inhabited the poorest families, cossistiog. I suppose. of some 200 people. The Poor Law officers upon hearts, of the calamity took immediate stops to relieve the most passim mute of the sufferers. Several putlemma of the parish have promptly offered themerivas to sat as • oceamitioe to raise • toad from parishioesrs sad others for the relief of their distressed teighbeen ; sod I have no doubt that cm Monday every member of the vestry and of the Board of Guardians will bate joined the committee. and will give {serious aid from their own pockets. But is the meanwhile I wish it to be knows to the benevolent public, Mist the charchwardses and myself and them vestrymen to whom I have already been able to speak on the nab**, will Weems respessible liar any mosey soot to the rectoey for the immediate relief of the poor sufferers. I wish it to be distinctly understood that this appeal la only to supply Immediate wands meta we are able ourselves ultimately to do all that is requisite. I am quite sure that the bretant it is mmorally knew* is she parish the paerodity of my fellow perisisirmers will provide what is wasted." Tait 001triCr Plitrreltalip. The Edinburgh Courattf, after Malls( that • phosesiegical list bad been takes of the murderers skull. side—" The heal leaner_ idly emcee the tis theeztessivereliestios al Sae iiilobwO Phroriolol ors tkelety." FATS= iONATIVE4 .0111 Friday Dr, 1 . 341 e, Vicar of Sheffield. called on the Rev. Mr. Lyon, 644 ariend upon him an inhibitive from the Archo4llo. of Tetic, Grbißgfeg him Is oasis* withis hie {mesh Musa ii:: E i sosi , lir ------- to . Ir: 111tee•I be would I sin mew Igd , ;Ilirges s tstsd is sot tor • 0 ,,, •• • dying v ow s Aln (LINZ. I/I. half- 16'4 Y i bait 0'4004 it ova , thp ia b 11.1rpttors n., «The he Warn- , 144/411 mo i thst, tolow" bms , ia .bu, Legui rear to islorodr 11.6_ 1 . a . "= , rosin room 931 ao tbe 11.sie. sms d_tte, w .1 ft e. Tr di r ectors have. 7 s od swan I =ollorobsid odaiii* lb. IP : c oroolin. m o o d% b 1111 aa tb it i e S. OVablat• - mare WA, MOO( rere P ia , S e 6. 1 Whom "" r ow 13e. ; to td1117.191,,771. bob 61001. The. 111; tar" 110601. 15a. s ot ei orddinidad iserlies Sheerer as bead ear sad cricatessvent 721.0031. 14a sod Loa rem 9,2171. 10e. i s T ate as bill I i 1 ; divide 3.. 4d. ; bbl, 19,5171. 12' het i sre arB4 t. ,860 row. 17,86 lb. 1 The OhanurAs aed recants. laid Mb • wood it • d o . woo, wit woe itet4 an advoc thought that, co toty . meot of tb astreetory. Th hos bet year by &Libeled a great iltaFwet loehawvoi heron ; and laablo own to hand city Mao' C lieleritivoel for cot that whe worded for their F Lord GdO. PA whirl woo pot as A dividend at t inbred. Thanks were • the crosier and do extroordii the articles of d ambling a aseam to be pod, rbni;ll l yearli rn respectively. Inst. 4 JOINT srocz The fourth Wiwi was bald Cams is tbs " . —b:. The Cirrhee error bet mi ambled to dries seems rth wht ef the leltyear. Wens thh rho a hoy eti iv ir. V! IN the. ead scree to etre the coo the shareholders had attained, not sad the affected every outbid them, b guidethey could their credit. II bat It was &ilk they wanted arcised them we Ind he should 11l sate. He had if Ormond, Gel se mama why t so doubt their exertions on th attain the desk', Mr. SLAT= bo raised So Ti. Mr. "Warm Er ai rg i : alb, t 6. rosotut I.IIOLISH, CHAD To-day thi VII bald at I G. BAY DOHA t /Ise report e The Ow= QM the direct 17 per ant. d, tbst he thou tight Wore sew* a met tataree (wad lOW, at ea bawasin g tie / 010 7.4 Han would be &Um alit to 4 % sh wall lad opo vat lee ol we. all void be tile Mid ibat salyail aid win seeded to tit 70b Rama, free t o Amattat--I sal madam Is reply to I The Comm theism toper tweit sway. Ito okis Ot Imolai° ehtiwasa pro! whi trip — seetion theatre te the °Wilt& PrePirsti Moab( Gni Pekoeee o i kiwis to thi IsktalN. As reeik *et ep Tar Qui day etimeseou DIAN' eerria Peeled by /, were shunted eke Uwe* r Wiese veer. tries was . Yines. u dermas Ra w ice, w . sew awl die Bellow here reeet ebee valbske. tbi eebee Ariel Ib ~ we • ' d ..mmumee sea 401 /. Nish PdieevLia. latiAt 91551 124.6 b + 6.115 If licso be to. - -. ft — 44 - 1 29.8863 6SI w. SAL N.N.Z. L._ w.F.w. 21.1. & NW. 2t.ii.W. W.N.W. LW'. 141 &ILL W.B.W. W. W.W.W.. W.N.W.