The Sun. — London, England, 1869-08-30 00:00:00

, THE ALBERT LIFE ASSURANCE COMPANY. Ameeting of the shareholders in this company was Seld at the offices, Waterloo-place, on• Saturdays Mr. Neale, ► director, presided. There were present several other directors, the chief officers and the provisional liquidators, and Mr. Lewis, the solicitor, who has been called in by she company. By some present it was deemed desirable to have a shareholder who was not on the directorate in the chair, but that was abandoned. Mr. EASAM (secretary) read the circular convening the meeting, which was for the purpose of assenting to a motion for the company to be registered a company under the Act of 1862. The CHAIRMAN briefly recommended the adoption of the proposition, and said that a voluntary winding-up would be far preferable, and more to the itterests of the elareholders, than a compulsory winding-up. Mr. Neale stated that one of the official liquidators had pre pared a statement of the company's affairs and position, ►nd this it was proposed to read ; but he left it to the meeting to say whether this should be done prior to the discussion, or vice versa. After some discussion, the CuarnmAN moved, and NORTIIMORE (a shareholder) seconded, a re,soltition, " Triat this company be forthwith registered under the Companies Act (1862)." The CHAIRMAN, in answer to numerous interrogatories, said that the passing of the resolution would not be taken as concluding the business. Mr. COTTERELL advocated a consideration of thegeneral position of the company before passing the resolution. He thought shareholders had a right to demand an ex planation of the directors—(hear, hear) —especially when they looked at the position of the company. (flew., hear.) Dr. 'Warm advocated the passing of the motion, so as to save the funds of the company from being swallowed rp--(hear, hear, and " No ")—in the Court of Chancery. They all knew what that meant. Mr. LEE asked some questions as to the will of Mr. Kirby, the past managing director, but was met with the cry of " That has nothing to do with the question." [At this point there was great and protracted interruption, Isfr. Tarring calling out that he wanted to know the posi tion of the company.] The CHAIIIMAN, and after him Mr. Lewis, advocated most strongly the passing of the motion, the latter observing that it was necessary for the shareholders' own protection. Ile learned gentlemen also stated that another meeting would be called after the company had been registered. The CHAIRMAN then put the resolution to the meeting, which was carried nem. die. Mr. S. LOWELL PRICI; then produced a statement of the affairs of the company, which, he said, he had only finished that mcrning. The statement was from ale best sources that he had at his command. Ire also stated that the officials and directors had rendered him all the stssistance they could in the matter, but Mr. Kirby, his to•provisional liquidator, had not seen the statement till it was in type. The meeting Night, therefore, feel tesured that the report was quite unprejudiced. The sollowing are the principal points in the document : " The company was established in 1353, under the title of the Freemasons and General Life Assurance, Loan, Annuity, and Reversionary Interest Company, and this title was changed to the Albert Life Assurance Company In 1849, and remained so till 1860, when it was amalga mated with the Medical, Invalid, and General Life Assurance Society, and was afterwards named the , Albert and Medical Life Assurance Company, and after that (in 3.a61) the company was called the Albert Medital and Family Endowment Life Assurance Company, and so continued till 1863, when it reassumed its present title. The capital is £500,000, in 25,000 shares of £OO each, all of which have been alloted. Upon each of the shares £3 have been paid ; but often the holders, at their desire, have paid more. The total amount of capital now standing to the credit of the shareholders is £178,011, leaving a sum of £321,989 yet to be called up. Upon the formation of the company it was stipulated that the shareholders should receive 5 per cent, interest, that the whole of the profits upon the policies not entitled to a share of the profits should be divided amoagst the shareholders, and the profits on the policies sued on the participating scale should be ap pointed between the holders of such policies; but this was deemed impracticable, and had not been done since 1862, from which time 80 per cent. of the profit has gone to the policy-holder and 20 per cent to the shareholder. The expenses of management in 1863 have been £53,194 Os. 11d. The part of the document that is probably the most interesting is that referring to the amalgamations, which are as follows :—The Beacon Life Assurance Company, September 1856, £2,239 13s. Bd. ; The National Guardian, February 1857, £16,315195. 11d. ; the London and County, February 1857, £2Ol 7s. ; the Times Life And Guarantee, March 1857, £21,250 14s. 11d. ; the Bank of London and National Provincial Assurance Association, September 1858, £91,611 18s. Id. ; the Medical Invalid and General Life Ass:ix - a:lce Company, September 1860, 277,735 I , ls. Scl. ; the Vamily Endowment Life Assurance and Annuity society, March EGI, £22,650; the Kent Mutual Assur ance Society (Registered'), July 1862, £15,523 13s. Gd. ; ',he Western Life Assurance Company, June 1865, £25,616 ls. Bd. ; the Indian Laudable Assurance Society, July 1865, £972. Total cost, £274,152 3e. Bd. It has been impossible as yet to distinguish whether there tins been profit or loss arising to the Albert from thes4 amalgamations. The balance of loss debited to Profit and loss since 1855 in respect of assets is £94,397 125., and has arisen almost wholly upon those taken over from the amalgamated companies. Besides liabilities under :he policies, there are debts due to the company amounting to about £20,000; of which £14,000 .. is due to the estate of the late Mr. George G. Kirby. Mr. Kirby was the original projector of the company, and the terms of his engagement were that he should be appointed for life managing director, and that he should receive £4OO per annum and 5 per cent. on all premiums received ; that he should have a private residence over the affices rent free, and be allowed to carry on his professional business on his own account, and have the cunduct of the legal birsiness of the company, and for which he was to be allowed the usual professional charges. When there was an amalgamation with the Medical Invalid Office, in 1860, it was arranged tha:. Mr. Kirby should take per cent. only upon its premiums, and allow a yearly reduction from his commissions ci £5OO. The accounts produced in the document were from January 1855 to the 31st December, 1868, which perio'd covers all amalgamations, and shewed that from 1855 to 1:53 there was a profit made of £27,808 14s. 3d. ; from 1859 to 1861, a profit of £33,650 14s. Od. ; 1862 to 1806, a loss DI £281,702 lls. 3d. ; 1867 to 1863, a loss of £1,016,630 13s. 7d." Referring to the expenses of management, a shareholder Asked if that included the late manager's salary. Mr. PRICE : No. Upon the amalgamation clause Mr. PRICE en plained that the names of the other companies amalgamated with the Albert had been made public in the newspapers, and accounted for the difference between the two lists from the fact that some of the companies taken over by the Albert had already been amalgamated Tith others. It was also stated that the amounts set down as costs of amalgamation included costs of allow ances and compensations. In reading the profit and loss account, Mr. Price ob- Lerved that for 1867 and 1868 the great falling off was partly attributable to the differences in the valuation of the assets, and of a premium, income, and claims, which %mounted for £56,973 of it. Formerly these valuations were taken upon the footing of the gross premiums ; but now they had been taken in the proper manner with a deduction of per cent., which is technically termed " loading," i.e., expenses. Mr. TARRING was anxious to know whether an account had been kept of the vast sums which had been paid to negotiators, managers, secretaries, and others, upon taking over other companies. Mr. PRICE said he had got out a list of them so far as the payments of the Albert were concerned; but of course nothing as to what had been paid by the other companies before amalgamating with the Albert. Mr. TARRING wanted to knew if other companies had not paid money which did not appear in the books. Mr. PRICE said he did not know anything of the other companies, but he had not found that any such thing had Teen done in the twee of the Albert. The coat of £91,041 incurred in the amalgamation with the Bank of London Company included claims on that company. Ile had a ILA of the names of all the persons who had received corn. pensation from the Albert. Mr. LEE : Is it a fact that out of those sums Mr. Clench received £B,OOO or £8,300, and Mr. Kay, the manager, the :.'me sum? Mr. PRICE : Yes, that is so. Mr. LEE : And the directors had £2A each as their share of—what shall I call it? (A voice: " Plunder.") (Hear, hear, and laughter.) Mr. PRICE said the statement was correct. Mr. FIRMIN suggested that a copy of the amounts paid as compensation should be made out Ly the accountant, as the shareholders could then deal with them at the proper time. With reference to "The Beacon" and "The Times," Mr. Sheridan, M.P., had £3,000 as part of the business. Mr. PRICE : Yes. I have several items here (reading a d )cement) " Mr. IT. B. Sheridan £2,800." Then they gave him an annuity of .£6GS, which was afterwards bought by the Albert Company for £8,723. Mr, FIRMIN : Then in the purchase of the National Guardian Mr. Sheridan had £2,000 on that transaction? Mr. PRICE : Ho had, Mr Vitoini nikod whothlr Hhtridan tltd Pqt tic9itto o SQI- I °Y . OU_tbi, SBOIttI dike bitupg and invalid Company and the Family Endowment Cone- Play PRICE thought it should - be remembered that the hon. gentleman was - hot the only gentleman who was fortunate enough to get these stuns. A SHAREHOMER : Are there any members of Parlia ment?—(Several persons called out "Cave.") Mr. FIRMIN: Then in the Medical and Invalid Mr. Sheridan got £ll,OOO and Mr. Singer £15,000.—M. PRICE : He did. Mr. FIRMIN: And Mr. Sadler £2,ooo?—Mr. PRICE : I don't find Mr. Sadler's name amongst the long list here. Mr. FIRMIN (continuing) : And the directors of the Medical and Invalid had £lOO each ?—Mr. Price : There are a great many that had £l,lOO each. In answer to further questions, it was stated that pay ments were made to Mr. Sheridan and Mr. Clench on account of the transfer of the Kent Mutual Clompany. Mr. FIRMIN: Then there is no doubt the money has gone. (Hear, hear, and great applause.) Mr. TARRING then complained that the documents issued bore the signature of the secretary, and yet that official was not present at the board meetings. After some discussion, the SECRETARY said that he had trot been present at the board meetings, except in the absence of the managing director and manager, when he had been asked to attend. He had not been allowed to take the minutes. (Cries of "Shame, shame," and "Explain.") In answer to questions, the CHAIRMAN said he had !nen a director since the junction with the Western, and no new directors had joined since that time. The chair was taken monthly by rotation. Mr. LEE: At the death of the late manager was there not a bargain entered into with the present manager that he should succeed as manager in consideration of the claim by his father not being pressed upon the company? Kranv (the manager) replied : Not that I ever beard of ; certainly not. Mr. SLATER asked what investigation had been made into the assets. Mr. PRICE said he bad gone through all the securities, but of course it was impossible for him to say whether they were worth their nominal value. In some cases, where he had doubts, he had estimated them accordingly. Mr. SLATER: Could we realise the securities now? Mr. PRICE: Yes; some of them, but others not. I thin] ultimately you will get the amount I have put down if you:keep the management in your own hands. A SHAardioLDEB: Are we bound to pay up the remaining portion of our shares? The eff.unmAN : You are liable to have the remainder called up. Mr. TARRING proposed that Mr. Kirby, the present manager and provisional liquidator, should be requested to resign his office. A long and noisy discussion followed this proposal, but ultimately it was withdrawn. The next question was whether the meeting should be adjourned or terminated that day, some of those present stating that perhaps the directors would Lot call another meeting. Mr. LEWIS (solicitor) suggested that the chairman should call a meeting in three weeks, and this was agreed to. The meeting expressed (though not formally) itself satisfied with the scheme of reconstruction recently published. A vote of thanks to the chairman terminated the pro ceedings. HOMICIDAL MANIA SELF-CONTROLLED. There was a curious case of self-control exhibited in Paris, at the Palace of Justice, the other day. A young man, Aged 25, and'lof distinguished appearance, after giving Eis address, and declaring himself schoolmaster in a certain well-known college, begged that the Commissary of the Palace would take him in charge, with a view to Lis cocfinemcnt in the Asylum of St. Ann. He then explained that he was not mad in every respect ; on the contrary, he possessed the full use of his mind; only while sleeping among the pupils confided to his charge he was seized with the mcst destructive inclinations. Night after night, in an agony of fear, he had struggled with himself, and it was with the greatest difficulty that so far he had succeeded in restraining his intense desire to strangle one or two of the-little boys. Now all his energies were exhaustell; he felt that this unknown power would ultimately triumph over him ; and rather than commit the crime he placed himself in the hands of the police. At that moment a boy accused of theft was brought into the room. The eyes of the schoolmaster Were immediately lit with a strange and had it not been for the timely assistance of a brawny policeman, the boy would have been throttled before the very eyes of justice. The incident is in itself remarkable as belonging to the saddest class of maladies which afflict our race, spewing how at times they are subject to au immense amount of self • trot. The exercise of this seTeoutrol is very pathetic to witness, and we are all familiar with it in that most pitiable story of Charles Lamb's sister. We refer to it now, however, because we have observed that this story of the young man yielding himse:f up to justice has been geized as a fact proving to demonstration Dr. Wigan's singular theory as to the duality of the mind, arising from a divided brain. These cerebral philosophers are the greatest dogmatists in the world, and they leap to the most positive conclusions on the most slender array of facts. Is there not a conflict going on in all minds every day? Does the existence of this conflict imply two minds, and a divided brain to represent the double mind? And what is there in the struggle which went on in the schoolmaster's mind that makes it different from the struggle which goes on in every mind when temptation is to be encountered? We find it so difficult to resist the temptation that we often put it out of our power to yield to it by flying from it. And there arc people who tell us that this shews duality of mind ! According to the same reasoning, when a man sees three courses before him, does not know which to pursue, and has to go through a fierce conflict to decide„ it is a proof that he has a triple mind. And so we may work on till we arrive at the old Jewish doctrine of a man\ being possessed by seven devils all at once.—Daqy Noce. Mr. Charles Reade will describe the great boat race of Friday last for the benefit of the gallant Harvard crew in the columns of the New York Tribune. MEN OF TUE PAST GENERATION.—The death of two old soldiers is reported from France—one a man over 100, the other, Colonel Kurowski, of the Polish Lancers, who has just ended his days in Paris, aged 105. Ile was, consequently, born five years before Madame MZ:re, as she was afterwards called, produced the little Napoleon on the hearthrug at Ajaccio. MULBERRY STAINS.—Mr. George F. Wilson, member of the Fruit Committee of the Royal Horticul tural Society, writes :—" At this season many newspaper. readers are eating mulberries, pulling them from the tree, and in so doing purpling their fingers. It is not, I believe, generally known that the juice of the unripe fruit in the pale red stage at once effectually removes the stain." EXTRA-JUDICIAL DELIVERANCES.—At the Liver pool Assizes, in a breach of promise case, Justice Hannen made two curious remarks. The question was discussed whether the plaintiff had not had rather a lucky escape from a man who proved so inconstant, and his lordship remarked that " What the woman loses is the man as he ought to be." At a later stage there was some discussion as to the advisability of a match between a man of forty-nine and a girl of twenty, when his lordship said, " A man is as old as he feels ; a woman as old as she looks." A DREAD OF THE TREADMILL.—At the Middle sex Sessions, on Saturday, George Jones,'smart-looking, was convicted of felony. The court inquired if he was known. Warder Reeves, of the House of Correction, Coldbath-fields, proved two previous convictions against prisoner. During the time he was serving one of these periods, he strenuously refused to serve on the treadwheel, and when before the police-murt magistrates at Marl. borough-street, he said if he got twenty years' penal servi tude lie would not work the wheel. Ho was sentenced to imprisonment and hard labour for nine calendar months. As prisoner was leaving the dock he was understood to say that he did not care how they " cut his back about," but he wouldn't work the wheel. FATAL BOAT ACCIDENT.—On Sunday a boat accident happened near the mouth of Faversham Creek, by which two men were drowned and the life of a third jeopardised. Edward Burford, Thomas Barnes, and John Tester, labourers, went in a boat to the Isle of Sheppy, and returned about noon. It was an ordinary rowing boat, thirteen or fourteen feet long, fitted with a small sail. On entering the mouth of the creek it was neces sary to shift the sail, and during the performance of this operation the boat capsized. The accident was seen from a coastguard station not far distant, and the men there at once put out to render assistance. They found Tester clinging to the boat, and succeeded in rescuing him, but Burford :Ina Eames had disappeared. THE INTOLERANCE OF FP,EU THOUGIIT. It is not believers alone who are intoleran!-. Freethinkers can be bigoted in their own way, and there is just reported from Paris a very pretty little story in illustration of this. A freethinker died, and was buried the other day. At the pave a friend of the family stood forward and pro nounced a few kindly words over his remains. This created great disgust and excitement among the fraternity of Freethinkers to whom the departed belonged. "It is too bad," they said, "that a man like that should be allowed to speak at the grave of such a man." "Good heaven I what has he done? what's wrong ?" "What has he done !" replied the Freethinkers ; " why, he has been =cried 1 911ucbl!: THE SUN, LONDON, MONDAY EVENING, AUGUST 30, 1869. 3.IIsCEZZ4NEOI7S NETVS. THE rNTERNATIONAL BOAT RACE. The contest between the Oxford and Harvard crews has in one respect puzzled the British public sorely. The Harvard four made an excellent fight In spite of their disadvantages, of which bad steering was one, and yet they were trained on milk, vegetables, and fruit. They certainly used no alcohol, rind it is reported on all hands that they ate little meat. The fact is, as has been often pointed out, a great por tion of the human race exists very comfortably without the assistance of either animal food or stimulants. " A Turkish hamal would take an English porter and his load on his shoulders, and walk away comfortably, and he never drinks any. •thing stronger than coffee; while a Highland keeper, 'ared upon milk and oatmeal will walk most other nen down." German girl is the Empress of the French, the wife cf Louis Napoleon." The shares of the French Atlantic Cable Com pany continue to fall, as the people discover (what a little acquaintance with the American character would have taught them) that they would have no chance of competing on equal terms with the Anglo-American Company, and things being equal, that the business will remain with the latter. Few names aro more obnoxious in America than those of the promoters of the French Company, few names are more cherished than that of Cyrus W. Field, the man who risked all his fortune, his reputation, almost his life, on the design he so ener getically carried to a success. There are no people more loyal or more consistent and long-enduring in their dislike than the Americans in a national way, and the reason is worth noting. A genuine Republic has the peel to for its sovereign, those who benefit the nation place the sovereign under an obligation, and that sove reign being the people, if they be truly imbued with a sense of their position, they feel and express a na tional indebtedness to him who has served them„ which they take every opportunity of repaying. If they do that, they may be relied on with certainty to do the reverse. hence the weight the nation attaches to individual action, which is so often a matter of surprise to the English. Though a nation may never award or punish as speedily and liberally as a monarch, yet, if each, who make up the Republic, feels himself bound to help, in his small way, when the opportunity ca-rs, to reward or pun ish, the influence will be more widespread and lasting, if not so directly experienced, The French Company are certain to reap some of the harvest sown by two of the most conspicuous names connected with the undertaking ; and however sentimental this may be considered in Eng land, the shareholders will find in the long run that thole is something more substantial than sentiment in it. Mas sachusetts is about the last State whereon they should have landed the line viewed from this point, for the names would not have had the same injurious influence in the Southern States. 7.11 E NATIONAL LABOUR CONGRESS. It is unfortunate for the cause of the working men generally that National Labour Conventions will diverge from the discussion of the subject they assemble to debate, and on which they are entitled to be listened to with attention, into difficult eso nomic problems, wherein they flounder, making themselves ridiculous. The operators cf the French Cable have taken the trouble to despatch a message from New York, stating that the delegates to the Labour Congress had assembled at Philadelphia, and had adopted a platform, regardless of party considerations. They denounce the National Bank ing system, they favour the payment of State debts, and all debts, both public and private, in currency. Not only do they propose to tax the Bonds, but to reduce the rate of interest on the National Debt, declaring that the present financial system was adopted as a necessity during the war, but is now perpetuated in the interest of the bondholder ex ' tortionists to the detriment of the producing , classes. It is a pity that they left out a very mate rial plank, the redistribution of property There is no good reason why such bloated capitalists as A. T. STEWART or VANDERBILT should not have their wealth confiscated, and distributed among the people as well as the bondholders. Indeed there are at least two sound arguments, which go to prove that sort of "grab" to be preferable to the other. The first is that the nation does not owe these " bloated capitalists" anything. They cannot come whin in2 with the old story that the money they lent in the nation's extremity was that which carried it successfully through a desperate peril. The United States not owing them anything, seizing what they possess would only make them common robbers, not, as in the other case, adding vile ingratitude to audacious theft. The second is an economic truth, and one that might be as usefully applied to the biped, man, as to the busy bee. Men like STEWART or VANDERBILT are essentially honey-makers ; they can no mere help making honey than can the bee— and why should not they also be smoked out at inter vals, their combs removed, and themselves turned adrift to make more. This is the way to deal with bloated capitalists of the ROTHSCHILD class; and Eas stern Monarchs from time immemorial, as well as Europe during the Middle Ages, understood this economic principle, and frequently acted on it. A Labour Convention might decide how a PEA BODY ought to be dealt with who insisted in giving away his own money ; but we should be. much surprised if any such Convention attained to the liberality cf sentiment which permitted it. There are no such thorough-going Tories as constituted the mass of those assembled in the Philadelphia Con vention except it be Fenian delegates, meaning by To ryism the narrowing and checking of the national in terests and progress to what the delegates consi- Cer to be for the benefit of their class. The most bigoted of lords among the Peers of England never venture to enunciate the grossly dishonest and selfish doctrines so frequently heard in Labour Convealions, though the aristocrat is supposed to be a benighted Tory, while the working men ima gine themselves to be in the van of progress. The wording of these resolutions, epitomised as we have received them, is almost too good to be true, nor without some experience of what such a Congress can resolve on would they be readily credited. The present financial system was not adopted as a necessity during the war ; for the financial system then in vogue was to meet the heavy expenditure by enormous loans, certainly a very great necessity while the strife lasted. It was not till the close of the struggle that the second necessity arose, which the working men now consider to be no necessity whatever—to repay the money they got during the first necessity they are good enough to admit. The case would be somewhat similar if a delegate through accident, through great stagna tion in trade, or any other unavoidable cause, was reduced with his family to a point of starvation, and found a neighbouring storekeeper willing to supply him on credit with everything he required, believing that he would eventually surmount his difficulties. This the delegate does; becoming more prosperous than ever, forgetting alas! with his troubles during the hard time, the generous confidence of the storekeeper which had enabled him satisfactorily to get through them. What would he think of himself or of his neighbour who under such circumstances said to his creditor that, pressed by necessity, ha had been compelled to adopt the system of get ting large supplies from him on credit, but that the necessity being passed he cannot suppose that a workman is now going to reduce the wages that he laboriously earns in the interest of a store keeping extortioner like him. Yet this is pre cisely the morality enunciated by the National Labour Congress assembled at Philadelphia. What advantage do these delegates expect to derive from this stupid talk? It is their class, more than the capitalist class, whose savings are really invested in the National Bonds. The great merchants and brokers, and bankers of the commercial centres use them freely as a means to equalize exchange, and as collaterals whereon to bsrrow, being handy in their business, as is currency or other good nego ciable paper ; but these men would quickly drop them in case the platform of the National Labour Congres showed signs of prevailing, and it is not in the hands of the " bloated capitalist" that the bonds, under such circumstances, would eventually be found. Many in the Convention may have been unaware that all the greenbacks they had paid into their Savings' Banks, which they supposed to he hoarded in a mysteriously productive state within the Banks' vaults, had been converted into United States Bonds, and if they succeeded in financing them out of existence, that they would get but a " Flemish account" of their greenbacks, when they called for them at the Savings' Banks. A photographer ought then to be there to pourtray the countenance of the working man on discovering that all the while he was himself a " bloated bondholder," and had, under the impression that he was bitting at the capitalist, been employed in getting rid of his own sa.vinv. The delegates may depend upon this, that there is no such effective way of capturing a pile as by confiscating the accumulations of such busy bees as the STEWAIITS and VANDERBILTS. The bondholder is but a myth, while they are a reality. The Working -man's ideas on Finance are not of that encouraging nature, either as regards good sense or morality, which would lead us to expect profound wisdom in dealing with intricate ques tions on the relations between labour and capital. That they have good cause for agitation, we firmly believe, for the tendency of civilization is to add to the disparity between the rich and the poor, and nothing but combination can prevent the work ing nama from pinking into the fiIAYQ of the capi- j talist. His difficulty is sufficiently great to steer a fair course among the shoals that surround him, without recklessly encountering the breakers of finance. On either side, if he does not take care, he may become little better than a bondsman, on the one hand to the employer, while the other is more dangerouSstill, to the leaders of the organization into which he is enrolled as a member. The struggle be tweenlabour and. c apital is made fiercer by the changes which must constantly occur in the value of an irre deemable paper currency. Wages rated on a metal basis assume another value with gold at 50 pre mium ; and the workman must be disagreeably af fected by the low purchasing power even of the in creased number of dollars he receives. Hence, while gold is rising, he will constantly be on strike. Suppose circumstances change, that the value of the greenback approximates to par, and the nation, through a painful process, struggles back to its old specie basis. The contention then will be reversed, employers combining to reduce wages which they cannot pay and profitably carry on their business, while it would be manifestly unfar for the labour ing men to expect the same number of dollars of a much higher purchasing power, as when those dol lars were of a greatly depreciated value. This will be the next phase of the struggle, and then capital will bring the Chinese to its aid. In view of this strenu ous efforts are being made by the working classes to exclude the Celestials, and it is probable that it will be around the Chinese standard that the battle will rage. Capitalists are fortunate in the timely arri val of this ally, for when the turning point of the contest comes, as it has already —that is, when la bour has struggled up to its highest in the number of dollars received, following currency in its greatest in flation—with the collapse of that inflation through which the dollar will receive an enhanced value, the workman is on the vantage ground, from which the em ployer has to force him to descend, whereas it was the employer who was on the vantage ground when the case was the reverse. Thus the working man, in the new order of battle, will be found entrenched and in possession, and the employer, instead of being the attacked, must become the attacking party. The Chinaman will be useful not only as a labourer, but as a feint. He will be flourished incessantly in the face of the working men, and unless we mistake he will soon have the same effect on a Trade Union as a red rag on a bull. The true policy, if men could see it, is for both parties to meet the changing circumstances as far as practicable ; the employers to pay rates on which their workmen can live with some degree of comfort, and for workmen not to strike when the employer pays all he can, so as to leave him a narrow margin of profit. But this is very fine in theory, which we know cannot be worked out into practice, except through grey blundering, loss, and suffering, till, in the end, the economic laws each attempts in his own interest to violate, force on both, some such result. MORE ECONOMY. Economy, strict and impartial, is still the absorb ing pursuit at .the War Office. Though the mania for reductions which prevailed some time back has subsided, there is still a desire in that department to keep down expenses ; and the Broad Arrow an nounces that the authorities have decided upon cutting down the amount of stationery now issued at the public expense to staff and departmental offices. Each clerk, our contemporary adds, is to be supplied with four dozen pens a year and four lead pencils, but no more, and the issue of needles, pins, knives, scissors, rulers, and " Imperial Calendars" is to be entirely discontinued. It is further enjoined that the strictest economy should be exercised with regard to writing-paper. Letters on the public service arc to written on half-sheets. THE SERVICES. There are one or two items of army and navy news in the " service " papers which deserve men tion. There is, first, a statement of the Army (lad Navy Gazette that the committee sitting at Green wich Hospital to investigate and dispose of the claims of the pensioners do not find any indisposi tion on their part to accept the Admiralty terms, which are augmented in cases where there is a medical certificate to the effect of complete incapability to assist in their own maintenance. The residue may be re tained in the present infirmary, or dispersed to the naval hospitals at the seaports. The Admiralty possess rower to adopt either of these courses, and either would soon leave the Government in posses sion of an empty house. The secret of the future of this institution must shortly be divulged.—lt is said with an air of authority that Colonel Shaw's gun carriages have been adopted for use on shore by the Royal Artillery.—The Duke of Argyll and Mr. Cardwell have appointed a committee to consider the question that has arisen on the supersession of colonels of the British army by those of the Indian army. The President is Sir W. M. James, and both services are equallyrepresented by the members of the committee. Mr. John Milton has beer appointed secretary. The season of complaint agai ns t a b uses h as se t i n with the naval and military class, as in o th er portions of society. The superb, gaudy, but perfectly useless dress of the cavalry is again the subject of criticism, and a light dress is recommended. The arms of the same regiments are ridiculed, and it is earnestly urged that the time is come when the lance, &c., with which some showy corps are provided, should be substituted by weapons in accordance with the progress of military science. The facility with which soldiers can obtain lo.ided weapons is generally condemned. More consideration for the medical departments is demanded. kn appeal is made for a reform of the pension law ; the special alteration required is that men losing their health by service in India shall not be discharged without compensation upon their return home, Lastly, there is a grum ble that the New Zealand medal is not yet ready for distribution. THE MOTHER, COUNTRY AND HER COLONIEF. The attitude taken up by the Royal Colonial Society is stoutly opposed by Sir Francis B. Head, who sends to the Tines his opinion of the course adopted by the British overnment towards the Cana dian Dominion. She surrendered to a handful of colonists not only lands, lakes, rivers, railways, canals, public works, clergy reserves, &c., held in sacred trust for the British people, but also resolved that her colonial possessions, instead of being remunerative, should to a very large amount be made worth less than nothing. She encouraged the North American colonists to borrow about twenty millions sterling, binding herseii to pay it in the event of the borrowers becoming defaulters, and in the List session of Parliament an kct was passed guaranteeing the purchase money (I:300,000) of the Hudson's Bay Territory. Sir Francis, speaking of the future, declares that the inhabitants of the Canadian Dominion and of Australia have over•• reached themselves, and must now pay the usual penalty inflicted upon every greedy boy who swal lows more than he can digest. They have obtained, not only honest possession of all that belonged to themselves, but unfair possession of all that belonged to the British nation, whom they have, moreover, made answerable for their debts. And now they demand, not that England should (by a lease Crotect them, but they are undecided whe • her they shall exercise self-government by becoming a free and independent nation, n: whether they will subserviently join the con federacy of some great foreign nation. The Eng lish people, like landlords keeping in repair extensive premises for which they receive no rent, nre to live on the brink of a sudden war that might utterly ruin them, simply to defend a people whose allegiance at any moment, with or without notice, can be terminated. The writer concludes by submitting that the " total independence - of any or our couJii:, - . should be simultaneously accompanied by a total cessation of protection by the British empire. PUBLIC li - XDS D:VIDENDs. It is understood that the Banff. of England will be prepared to act upon the new system of paying dividends by warrant at once. Applications for the transmission of warrants by post will 'be received for the OctobLr dividends. \s the LtOek cores to bear the interest for this half-year on the - Ist of September, Application should, in the ordinary course of things, b, - 3 sent in then, but on this occasion the directors will recognise all applications up to the 15th of September. THE ALBERT ASSURANCE COMPANY. The directors of the Albert Assurance Company have not discredited their City brethren in point of audacity. They have put forth for the " reconstruction of the office" a proposal which has met with condemnation on every hand. The scheme is in brief as follows :—The policy holders are to agree to a reduction of their policies of from 40 to 5 per cent., an average of 25 per cent. on all. The premiums are to remain the same. These reconstructed policies are to be handed over to a new company, to be formed out of the old share holders and the policy-holders. Eighty per cent. of the profits arc to be given to the new holders, and 20 per cent. to the shareholders. The policy-holders are to give up a quarter of their due, become shareholders, and incur all the attendant risks, and yet the old shareholders are to have full exemption and part of the profits. Some of the gravest of our contemporaries forget their custo mary equanimity at this proposition. The Spectator ad , - se; the policy-holders to " hunt " the directors tln u, ; every court in the kingdom, and to tear up their policies rather than submit to such a transac tion. The Economist says it will be better for all concerned to " cut their loss " and make the best they can of matters by insuring elsewhere. TUE TRADES 'UNION CONGRESS. A discussion on industrial partnerships at the Trades Union Congress terminated in a resolution support ing the principle. The meeting was of opinion " that copartnerships of industry will considcrab;y improve the industrial relations between employers and employed, and are, therefore, worthy of general adoption ; also, that nothing short of co-operative production applied to manufactures and land can be accepted as a cure for the conflicting interests of labour and capital." But so long as those interests remain antagonistic, the working men assembled at Birmingham think that their class ought to unite more closely for protection. Primary edu cation came next under consideration, and it was Vie subject of a severe debate. At last a resolution in favour of " national, sectarian, and compulsory education " was passed. RECIPROCITY. The people of Preston have met and passed a resolution, attributing the distress in various manu facturing districts to the English system of Free Trade without reciprocity—of admitting foreign goods into England duty free, whila similar privi leges are not conceded to British produce in other countries. The principal speaker was a Mr. Chap man, who based his argument on the fact that our imports largely exceeded our exports. To revive British industry, he argued that the taxes should be taken off sugar, beer, tobacco, &c., and put upon the productions of the foreigner. The meeting, which numbered COO or 800, was all but unanimous. CATTLE DISEASE. The foot and mouth complaint has been known in England for some thirty years, and at various times its ravages have been very extensiv e . It first appeaml in 1839, was very severe in 1840, there was a second outbreak of great extent in 1845, in 1852 the disoas spread over a great part of the country, and ten year later it was so prevalent as to excite general attention. These repeated visitations have so increased the stock of information respecting this complaint, that its attacks have in great measure lost their terrors. The Field, in an interesting article on the subject, endea vours to chew that the present outbreak, though it has spread to eleven counties, from Northumber land to Kent, really presents no cause for alarm. The disease since its first appearance in Engltud Imes never wholly left us. It is not fatal, though productive of much loss and annoyanc.c. And though It is highly contagious, it may yet be pre - ..ented. The emggcsts that all newly-purchased :Jock shonl.l Undergo four days' is:lttion in some convenicit 'lace before being allowed to it sspeiute Avi!.l.l the other anim;:ls in the shed or on the farm ; that per; one: who arc in the habit of to markets and fairs should be warned oil the lremises so long as the disease is prevalent in the ocality; an d th at every owner o f s t oc k s h ou ld appoint. himself a n " officer for the carrying into execution" the Contagious Diseases (Animals) Act, and the Orders of Council connected therewith—because, so long as he tamely suffers his neighbours to " drive, or cause to be driven," diseased animals by his lands, he incurs the danger which recent kg.i4lation iii micncied tQ QbYiate. NEWS TRANSMISSION. Such are the wonders of the electric telegraph that the result of the International Boat Pace was made known at New York about four hours before the crews started ! The victory of Oxford was announced on the other side of the Atlantic at one o'clock in the afternoon of Friday. This represents six o'clock by Greenwich time, the difference of course being due to the more westerly position of New York. It is, however, really a marvel of science that the issue of a race, which commenced at fourteen minutes past five, and lasted twenty-two minutes, should be known across the Atlantic by six. TILE FRENCH ATLANTIC CABLE. Mr. Varley, the Railway .Kews understands, has gone to J3rest for the purpose of remedying, if possible, the fault in the French Atlantic Cable. Should he succeed, the achievement will be marvel lous indeed. The locality of the fault is accurately known, and Mr. Varley hopes to be able by some very clever manipulation of electricity to produce at the precise spot of the fault an effect similar to electrotyping on the surface of the conducting wire, and by this means to prevent the escape to earth of any portion of the electric current. To repair a flaw in a cable at the bottom of the Atlantic, and at a point 1,000 miles distant from land, without raising the cable, will be something novel even in these days. Mr. Varley, it will be remembered, is the inventor of the " light wire," which promises to effect a revolution in sub marine telegraphy. Instead of manufacturing a cable coated and protected by iron wire, thereby greatly enhancing the cost and increasing the weight, Mr. Varley proposes to simply enclose the conduct ing wires in hempen strands, made up as an ordi nary hemp rope, A BrsT.TISII WORKMAN. The yacht match at the Ramsgate Regatta was won by the Enigma. It is interesting to know that this craftis owned by Ilenry Thornton, a working man, who was his own designer, modeller, builder, rigger, and sailmaker. He also sailed his yacht himself, and won the race by thirty-five minutes. Mr. Thornton has constructed his craft on an entirely new model, working at her clay and night for the past eighteen months between the intervals of his ordinary duties as lighthouse-keeper. The math at Ramsgate was his trial trip. _ POLICE-COURT DEP: i‘TIONS. The Solicitors' Jounial has had its attention drawn to a discussion of some importance in its bearings on the formula of our police-courts, on the question whether it is sufficient that a committing magistrate should sign depositions once for all at the end of the whole of them, or ought to sign the deposition of each witness separately. Attempts to overthrow the de cision of magistrates are being made on this point. Mr. Oke, the chief clerk to the Lord Mayor of London, gives an argument in its columns with which the Journal thoroughly agrees, and in which it is contended that once is enough to sign ; the statute requires no more. BRAN FOR BABIES. The Lancet, the leading medical journal, anti not one given to the adoption of novelties without con sideration, has a rather remarkable article calling attention to. the practicability of using bran for the cradles, or rather the lusts, of new-born babies. Our contemporary is assured by mothers who have tried the new system—its su pporters, by the way, will not allow that the system is new—that it answers admirably. The plan . of action is as follows :—An ordinary cradle is filled v, - ith common bran. A hair pillow is put in, and then the bran is moved aside - with the hands until a " hollow is formed the size of the child's body. The infant, divested of everything below the waist, and having a little bodice or cape above that, is then placed in the bran, and its body completely covered with it, exactly as may be seen at the sea side, where children play at burying one another in the sand. A light coverlet or counterpane is finally placed above all, and baby is in bed for the night. This method is pursued from almost as soon as infants are born until they are eight or ten months old. The children, it is stated, do not kick them selves outside the bran unless it be very hot. The b plan is cleanly, as ran abzurbb fluid readily, and the wet sinks below the dry. The heat around the baby is eeuable, and of sufficient temperature. An entirely new supply of bran is required once a fortnight, PRE 'iIDENT GRANT. The Spectatcr calls attention to the gradual decline of President Grant in Americm opinion. Why this should be it is not easy to say; the General is very lenient to the Conservat:ves, but that may be wise ; he has failed to oust the politicians by trade, but that may not be his fault ; and he writes rather indiscreet letters, but the letters are sound enough in principle. Whatever may be the reason, it is certain that both parties are beginning to regard the new President with something like contempt. THE FIRST OF SEPTEMBER. Land and Traterwas sanguine on the great sub ject of grouse, but is somewhat desponding touching the not less important matter of partridges. Last year was an unusually good one, This season the stock of birds will fall short. Pairs of old birds without any young ones are by far too plentiful to augur well for any great abundance, and small r br oo d s , even t wos an d th rees, are common. the weather w as ex t reme ly co ld during the hatching season, and it is said that the larvre of various insects, upon which the partridge feeds, were remarkably scarce. But in some districts birds are more abundant, and, as the root crops are everywhere good, promising excellent cover, things may per h a p s not turn out so badly after all. FOREIGN NOTES. THE POPULATION Or CANADA. The Toronto Telegraph totally denies the statement hat the population of Canada is being thinned by emi ration to the United States. On the contrary, it affirms hat there have been larger accessions to the population of he colony this season than there have been for the last wenty years. The Canadians show little disposition to migrate, and the desire for annexation is completely xtiniuished. TIIE AUSTRIAN NAVY. Notwithstanding the great anxiety manifested by the delegations at V:t•nna for economy, they have voted all the estimates asked by the Government for the Austro- Hungarian marine. Some discussion took place before the vote was taken, but Vice-Admiral Tegethoff's speech pro duced a great effect and carried the majority with him. The vote included twelve armour-clad frigates for Austria besides floating batteries. The Lissa, at Trieste, is to be completed, and the Custozza and the Archduke Albert, two new armour-plated frigates, are to be built without delay. Admiral Tegethoff pro rised that the new armed ships should be constructed on the best models, and that their armaments should consist of guns of great weight, which are to be placed in the vessels on an entirely new principle. Admiral Tegethoff also secured the consent of the delega tions to the increase of the naval stations, and the creation of a new station on the Red Sea, with a view to the open ing of the Suez Canal. The steam corvette Heligoland, which is to form part of it, has already been despatched to Egypt. -- - It is generally believed that the anxiety of the Austrian Government to increase its fleet is due to a desire to take a prominent position in Eastern affairs. A letter from Pestle to the North German. Corre:Tondence states that the representative of the Government told the Hungarian delegation that with fifteen armour-clad frigates he would undertake to defend the Dalmatian coast against a mari time Power of the first order, and lie added that such a fleet would rule the Adriatic, and make their country respected in the East. Tho Hungarians, impressed by these statements, voted nearly the whole amount ()rig'. nally asked by the Government, but the Austrian delega tion was less interested in the matter. (From the At:filo-American Times.) It is said that in the event of the Empress Eugenio making the tour of the United States, the Navy Department will be advised by the conunanding officer of the United States squadron in Europe, in time to make preparations for her reception. 'r ho French fleet to con vey the Empress across the Atlantic will iu that event IffuLably to ei,:orted by Rear-Alniral liadfurd, iu his flagship, the liwltklia.—Custavo Easuli, a German touri4, Las lately been through Spain. In one of his letters to an Austrian paper be says :—" In Malaga., many years ago there lived a poor Gcrinau toy dealer, who kid a very beautiful daughter, to whom the third sou of Count 2.lon tijo, a wealthy Andalusian, began to make love. The toy dealer's daughter was as sensible as she was beautiful, however, and repelled the advance of the young count, saying, 'Without marriage no love.' The young count was, however, really in love with the poor girl, and in spite of the opposition of his father and his whole family he married bor. The old count was enraged at this, with drew every income from his son, and the married life of the young couple was at first very gloomy. But the young countess had fortune; the two older brothers of her hus band died, and the latter became the heir to the title and poeng§im rich 4§tlier. Who daughtu 9# this poor MONEY AND BUSINESS. (From the Springfield Republican, Arty 14.) Tho even tenour of the money market has been dis turbed by hardly a ripple. Commercial paper was scru tinized a little more closely on Monday on account of the failure of Bowers, Beckman, and Co., one of the oldest and most reliable dry goods commission houses in New York, with liabilities of between one and two millions. The reason of the failure was an expensive attempt to run cer tain woollen mills which the firm had advanced money upon and subsequently had thrown upon their hands. The firm is noted for its integrity. During the crisis of 1857 it suspended and afterwards paid its liabilities to the last cent with interest. Even now it promises to pay 100 cents on the dollar. A Boston gentleman offered to loan them a sum sufficient to keep them up, but they declined, preferring to suspend. On Wednesday money was rather more active, ranging from 6 to 7 on Government coils terals. This was taken to be an indication that the an nual "grain movement" had commenced and was drawing monetary lubrication from the metropolis of the country. One would suppose that, with paper money so plenty as to be worth but 73 cents on the dollar, there would be currency enough in the country to float the most abun dant harvest that ever burdened the prairies. Whatever reality there may be, however, in this annual pantomime on the financial boards over the necessity of shipping money West to move the crops, the experience of the past does not justify apprehension of any such extended de mand as will overbalance to any great degree the Govern ment disbursements. The West, moreover, has but little money deposited in the Now York banks, and is therefore powerless to embarrass the latter to any great extent. Go- Ternments have been lose active than for the previous few weeks. Mr. Boutwell's demand for them is becoming a matter of course, and the transactions for the rest of the month are so well understood that the trade is settling down into a steadier routine. Ten-Forties continue to climb slowly, and most other descriptions are more or less inclined to buoyancy. The policy of the Government in buying Five-twenties continuos to meet general approval, but, like every new thing, exc:tes much "suggestion." The Financial Chronicle wants to know if the Secretary isn't pushing his policy too far in spending for long bonds the money which he may need in the fall to sa tisfy the on-demand liabilities that may bo presented for payment, such as the Three per Cent. Certificates, of which the New York Banks hold $35,000,000. The same paper quotes one of the "oldest and most experienced bankers of Wall-street," who alleges that the Treasury is actually increasing the public debt by paying now, on de mated, $1,200 for a bond that 18 years hence will bring only $1,000; the demand notes being left meantime un paid and morally under protest. If this is the way in which the "oldest and most experienced" Wall-streeters are in the habit of thinking, the country ought to hail with delight the advent of new generations. The ques tion is, whether the Government shall redeem securities which may be, but in all probability will not be, presented to-morrow for payment, or will it redeem bonds which are drawing six per cent. interest and will draw it for 18 years? As for the payment of $1,200 for a $l,OOO bond, the most venerable spinster that over clipped a coupon knows that the $1,200 means $BBB in gold, and that the $l,OOO means $l,OOO in gold. Tho Secretary thus buys bonds that would otherwise run for 18 years at 12 per cent. below par and saves the interest besides. Shall the Secretary save money to pay off a short three per cent. certificate that will probably not be presented for payment, or square off a debt at 12 per cont. below its face, which draws six per cent. interest every day till it is paid ? The market for Southern State Securities is unsteady and feverish. Tennessee seems to have a bright financial future before her, with a large party in her next Legislature who will press the repudiation of a portion of her debt. Gold has had a dull week, droop ing in spite of tho efforts of the bulls to induce a belief that a day of retribution was ahead, when specie would have to go a voyaging over seas. Private telegrams from Europe ou Monday gave assurances that heavy rains had inflicted great damage on the cereal crops, causing a sharp upward turn in the price of grain in Now York, and en couraging the hope that our foreign bills would be met with shipments of breadstuffs instead of the bullion, in which we depend for the resumption of specie payments. Gold declined a half or three-quarters of 1 per cent. The reports of bad weather were probably exaggerated, for the advanced prices were not well maintained, acrd gold re covered somewhat on Tuesday. The small amount of grain bills offering for foreign exchange on Wednesday ocdasioned some surprise and disappointment, after the rumoured large purchases for export. Foreign exchange, however, was easy at 110 to 110} for sixty d ays on Lon don.o"erviTho stock market has been rather unsettled dur ing the week, but on the whole without remark-worthy features. Considerable interest is still felt in the fate of tho Chicago and North Western Stocks, which have been rising steadily, and the control of which is the great prize now displayed before the eyes of the athletes that indulge in this sort of sport. Some think that Uncle Daniel Drew is working himself up to his fighting weight again to try for this championship. On the other hand, the stockholder professes to know that Mr. Keep did not instruct his widow to hang on to her north-western investments, but that he sent for Mr. Drew and offered to sell him his whole interest outright, desiring to leave his property in such a shape that his family would not be obliged to lie awake at nights over a possible whim of the stock market on the morrow. He offered the stock at a low rate ; no lower, however, than it would have sold for if he had precipitated his whole two millions on the market. Mr. Drew bought it, not with a view to becoming the president of the company, to which office it is said General 11. 11. Baxter, formerly president of the Now York Central, will be elected. Henry E. Pierson, of Brooklyn, is also a candidate. It is very important that some ono shou ld these ds who will not bo perpetually quarrelling with control Vanderbilt, as Drew possibly might be. By the consolidation of the Buffalo and Erie , a nd Michigan Southern and Lake Shore R a ilroads, the consummatiou of which was readied last week, Vanderbilt now has a line from New r- I'o a rk to Chicago. To feed this out will be the business of the North-western Company, and the latter should be con trolled by men who will aid the commodore in every effort to cheapen freight and make perfect connections, and a t thesainete iiemaintain a sufficient independency to keep the line from becoming a mere puppet in his hands. The directors of the New York Central and Hudson have again been in ses sion at Saratoga. Pacific mail stocks had a grievous fall on Wednesday on account of a reduction in the freight business of the steamers, the traffic being offered to the Pacific rail . road since the reduction in its rates. In dry goods pre monitions of a good fall trade begin to appear. Shootings and shirtings have been steady, buyers being rather cau tious, while holders were equally firm. Prints also have not been much called for at the present high rates, but prices are Ariaa olpg tlz YalcOlilay. W 9911014 go Ptliu IiI.IQZQ active, woollen shawls especially attracting consideraple attention and being largely sold. European fabrics of 8 , 11 kinds are in rather more demand, and importers are ant s " cipating a good fall business ; but tho opening of the SO' son has hardly taken place, and it is only for city trade, for goods adapted to the season, that anything of conse quence has yet been done. Breadstuffs are considerablf higher over reports of crop failure at home and abroad. The blight in Wisconsin and lowa seem to have d° 3 . e considerable damage. Provisions are w ithout notic eable change. In tobacco last week buyers and sellers We re apart; GO cases of old Connecti cu t b roug ht 10c. to 14e " and 123 cases of new Connecticut fillers and seconds we ll sold at 171 c. The New York Commercial Advertiser makes the folio) ing comparison of th e p r i ces o f U n it e d St a t e s Ti o nds a u , State Bonds respectively, on August 7, 1866, and Augu st 11 1869: VNITED STATES BONDS. 18 49 ' 1566. 12 5 Sixes, 1881, c ou p on Five-twenties, 1862, coupon Five-twenties, 1864, coupon Ten-fortios, coupon 991 ••• STATE BONDS. iS6 9 ' 1866. Ohio Gs., 1881 lOl ... 1 1()) Michigan Gs, 1873 Tennessee Gs., ibl 92 ••• 57} Virginia Gs., old 66 ••• 57 North Carolina 65., old 3l ••• 87 Missouri Gs Connecticut Gs - A comparison of the prices o f a g i ven number of v de , pany Bonds at the two dates named shows an average list • cline of about 3 per cent. I n b u t t wo i ns tances 111 ,, t ° „ co o f a dozen or fifteen companies has there been an t'a i l3 or in prices —in one of the se 1 p er cen t., a nd in t he 2 per cent. DRIC, Friday, Aug. 13, ,t 131 i, 1341, 134 closivg- NEW Yi Gold opened at 1341 sold a 1344 4. The following were the bi Stocks:— New York Ocean Merchants' Mechanics' America Phenix lO9 Manhattan Seventh Ward State of Now York Commerce American Exchange 1144 Bank of the Republic l2O And the following for Rai N. Y. Central 6s, 1883... 91 N. Y. Central 6s, 1887... 91 N. Y. Central 6s, R Est.. 89 N. Y.:Central 6s, Sub'n.. 89 N. Y. Central 7s, 1876... 964 N. Y. Cen. 7s, con. 76;... 97 Erie Ist Mort, Ex Erie 7s, 2d Mort, 1879 93 Erie 7s, 3d Mort, 1883 9O Erie 7s, 4th Mort, 1880 B2 Erie 7s, sth Mort, 1888 76 Long Dock Bonds Buff. N.Y. &E.lst M, '77 B7l Hud. It. 7s, Ist M, 97 4' Hud. R. 7s, 2d M, 'B5 103 Harlem Ist M, '6B '72 101 Mich. C. Ist M, 69'72 131 Mich. now Ist M 85,'82 — Mich. So., 7 p. c. 2d 11 93 N. Ind. Goshen Lino '6B Mich.S.&N.l.S.F'd7p.c. 984 111. Cen. 7 p. c, '7O 120 Alton & T. 11. Ist 31 92 Alton &T.H. 2d pfd 814 Alton & T. 11. 2d M. Inc. 76 Han.& St.J.LandWrntslo74 Han. & St. J. Con Chi. B. & Q., Ist M 108 Chi. & N. West, S. F 921 Chi. & N. W. Con Cony 95 Chi. & N. W. Int B 904 Chi. & N. W. Ist M 914 QUOTATIONS Amer. silver... 964 to 97 Mex. „ 105 Eng. silver 475 , 480 , Five francs 96 „ 97 I In Express Stocks the business has been Si n OA o to Adams American Merchants' Union Merchants' Union, old Stock United States Wells, Fargo, and Co me FOREIGN EXCHANGE. Tbre' A 1114 sixty Days. I . lor . London I3ankers London, Prime Commercial 1094-10q 5 1 31-- ). Paris, Bankers 5.181-5.134 Bremen, Bankers Hamburgh, Bankers 354-304 Frankfort, O.M 4O -404 ds for Now York City 10/1‘ Bank of North Amer ( ' 01 Nassau ..................... 12 Commonwealth ....... .; ;96 Importers and Traders ig Metropolitan .......... 10 Central National .• 105 Fourth National ......ill Ninth National ......... Oriental 8ank.......... 1.98 3 6 Hanover .................. Corn Exchange ....... 165 Chatham .................. iiroad Bonds : v., 8 3 Tol. & Wab. 2d 32. Tol. & Wab. Equip '''' 80 Gt. Western 2d 3/ Mil. & Pr. du Ch.l.st 1. 0 Gal. & Chic. Est ••""" Gal. & Chic. 2d ..... ... 9 9 Chi. & R. I. Ist 31 ......... Chi. R. I. & Pacific Cleve. & Tol. S. Fun d "' 99 N. J. Central Ist 31 . .... N. J. Central 2d .... Pitts. Ft.W., & Ch. 1.1.'97 Pitts. Ft. W., & Ch.2(l‘,. 0 Pitts. Ft. W., &Ch.3.,,,(1' it Cleve. & Pitts., 4th 0!-, '" Chic. & Alton, S. F. 99 Chic. &Alton S. F. 'lO l l Mil. & St. Paul Ist 86 Mil. & St. Paul 2d ic Al . '" 90 Marietta & Cin. Ist 9SI Morris & Esse-c Ist 'o• Morris & Essex 2d is 4 Joilet & Chic. Ist L''"' 83 Chi. & Gt. East'n N. Y. & N. H. G 5..... Dubuque &S. City,lst 90 P en i nsu la let 31 ....... 09 "‘ Ohio & Miss. Ist 31." . Ohio & Miss. Con ........ s3k Tol. P. W. let 117.31.. E l 2 . a ": Atlantic & G. FOR SPECIE. 45 3 Enm. sous .... 486 t ° 333 20 Francs ....... .. . 3 86 17 VI Thalers ......... 70 f 1 4- I_l_, Berlin and Cologne Antwerp 5.18i-5.131 . Amsterdam, Bankers Swiss 5 18.1.--5.131 _. ,6 RAILROAD AND MISCELLAN EOV S STOCD 10? .. " 3 4 N. Y. Central 2OSk Fort Wayne .......... ~, Erie 281 Pacific Mail ........ '" idt Hudson Reading Mich. Central l3l W . U . T e legraP"" a .., s 3 Illinois Central Mt Mariposa Pre - , .ippi-' la Cleveland Sc Pittsbrg. 1071 Ohio and Tdiss' s 'or , ' 3 1 North-West North-West Preferred 97i Cumberland .... i' 0 1:;... 0) Canton... 59 Bankers and 13 r ° .... 9J Rock Island Dieveland and Toledo 1 - 161 1 M 1 S S t t . I P ' a a 1 1 I 1 . I " ..... .......... . t t St. ' _.--- . _..c.re , 0 .°A Messrs. Drexel and Co., the Philadelphi,L banl,,:roo, as follows on Aug. 13 : Pennsylvania 571 ; Sixes, Ist Mortgage, 98 99 • 2 ; Suce.7 97i 98. c'e, tli ° liailroa,id SyortoolP melton, ocbo3a:sci/::::ig: te; frockN e w T.7.- - .'_____--:-----_ iv,. nos;"" The following is the list of prices O f bro tts York ts o tailors cloth, - pie' coa breasted second quality goods, $6 ; sing le t e of 1)83V 11: $ cl s tin ; c d h o il u la b , le o -b r re m as e t l e to d n, fro s o 6 k ; o t v h o e rc s o a tt mo, baveaovsetr:lttrcilcco:—tt,lllo:king 0011,-,1 . dou to cloth, $6 ; double-breasted or fly over-second (IL l3 ,i t i , c s l G til ; I a d , 0 u o b r l 0 -b melton, rea s double-breasted a s w 7 al; walking eo s a a t m s, e/ n.6 9 o : c ;_ o3 tll e : se :co t e lt cl oi tricott, melton, or heavygoods, $ 6 ' t '''' sob ''' ' quality, $5 ; single-breasted, first quehtn ( f or s oli ~ 6d* same, second quality, $5 ; double-breasted lin e s ecls d s, cloth, beaver, tricott, melton, or fine heavy .6 ? a f l oe Pod the same, second quality, $4 50; single. breasiess--09,tist, $4 50; the same, second quality, $350• Bstr to to if , vci , ~ q uilted through 1 inch square, $l5O ; the ae ' ins, b as 500; 7ac ; all facings over 10 rows, 250 ; /*P od st° d edDle vet bindings or corded edges, $1; double stitclleestg, d ° t he silk facings, 50c. ; all pockets over four, 25:. ; no , $ 2 Or breasted, fine cloth, beaver, tricott, or n ltel , 3 flo o ,s o bl e same, second quality, $1 50 ; single-breastetras.v tri' $1 50 ; the same, second quality, $1 25. ~..,- 6 b0 0.° 4 1. 1 ill ° stitched edges, 25c. Pants—Black doe s ' il ' at 1 0 0 sameifsecond quality of sai n t ' elte Pe , ancy goods, $1 50.• Extras—LaPel Or 0 , 10' ,declif 15c. ; youths' work, under 32 - h breast, 3 ' deo/ 0 -inc Pills 1111 ., i 1,°4 1 ADVERTISEMENT. I liolloway'd - 1 It ~-f eet , f' the best remedy for all disorders of the stall . o:c_d an 0,4 the liver and kidneys. They act with so declo stit oti O 4 S O: yet so gently, that people of the most delicate Theye ol ' ae ti_ u ce , t/ 0 take them with the most perfect confidence. stO P or e ' iou o 0 0. 0; tain a single grain of mercury or other Ilex ey ge, 00 00 0 ing composed exclusively of rare balsams. T i l ie dicig e ' ra fo r , tlt equally safe and efficacious, and, as a 13112/1/ :, w ith t li t uer l(l „ - A l yet invented or discovered can be compared „d , tog e " vl eal' o f moment. With these inestimable pills at 10- other ease the printed directions affixed to each box, 1 ' d i h ari „,, r 0 advice or assistance can be needed la a-" %° al ° 0 sickness Se V of tlj 4 Lo ring r aeli t ,tor e , Du BARRY'S Delicious Health Bob , ' o b 1 ., : i .e the ~, 11, ,lics, l i feri ; 1 0 5; Arabica Food, which contains throe times best meat, saves fifty times its cost iii other s th° ice, perfect digestion, strong nerves, sound lunfl_s; le - r gy, , ‘5 600 ' l ife, trashing sleep, functional re,ularity, arid todigoids, life, enfeebled, removing speedily'nd effectuaD4o,ooTes, e ar s ' pepsia), habitual constipation, diarrhc9-?, _ s P o ss, a i d 0 3 0 4 complaints, flatulency, nervousness, bilio , tm Ile t oo Deo, throats, catarrhs, colds, influenza no;ses liiveeratiArti, 01 rb.eumatism, gout, impurities. eruption., __, hear. a sie., t fo; irritability, sleeplessness, acidity, palpitatrusea, 0300001ill'ocs; af:he . , debility, dropsy, cramps, sPas:ar' . nc ipieo t e tbe 6t c 54 0, sinking fits, coughs, as,hma, bronchitis, 1 ~ At of , s 000 4 4 scrofula, tightness of the chest, pains at °a' out of ! ' COt- I tlro between the shoulders, &c. We quote few Barry's Foo; so li f,. 8, k —Tho Pope's health resred by Du 58,413. ' Rome, July 211866.—The healty t. othe - , r ets' b ft 1 13 is excellent, especially since, to a,, itays , ' o3 l, 11, has confined himself entirely to Du BarrY 0,..,,, r5 70 3 ,,,,. , , , f0R: , Food, of which he consumes a all atvi;iBheitT' .epf,:, Produced a surprisingly beneficial effect c „„ hieiVrf_iDoE, Holiness cannot praise this excellent fo9 83 , 2 ": ~ cfl + s, : 00 ,:? , the Gazette du Midi, Jul 25. Cure N 9. 4 u; er voill e t leSk o rfo,'N indescribable agony from dysPelis ia ' s i c h-nes s* Ditievic,o7o , cough, eonstipation, flatulency, spasills,, ,_.„, n ear .., a ~ot!_,, and vomiting. Maria Jolly. Wortham, -uill f I,l9.lhat i e: , Core No. 47,121: Miss Elizabeth J a obs ...l _ o oo! jo s Gan Waltham Cross, Herts, of extrern ' , 3 Ire v s .. fin por' o ,,„pi s t oti gatherings, low spirits. and nervous fanincioe _ 1, 90 I, 7i e ,o; —Beware of the many unsavoury and flob'ig's pa 1 Po i : A fl tons to which, without authority, Barou ..- 1o 6 audaciously attached. 5 ibe 1/ 1 ;( 14 c li t i 3O In tins, at 18d ;Ilb 2s ild; 21bs 4s 6d; sie . for , 0 .:, 21 lbs 405.-Also DU BARRY'S 1113YLLENTL'jr.,, 0.44 ° ar o ec' PownErt is packed in tin canisters: for I: 4 3 ‘o o r jor Di t oo A, l et A at lls sa, for 48 cups at 66, for 2SB cus e a; os old 554;ttice'0; siP —being about one penny per cup. T h e tof F °st i lA lid° free of carriage in England on reee-P „.„otree Beat,Y Dc BARRY and Co., No. 77, Refl.' all Grocers and Chemists BIRTHS. DurrEnlNTThe Cas tle, p ,rk —On the Lad .uuff : eri n, of a daughter. FIELD-0 if _ tho w2t6hte2l-.nthst„insat.t e of Arthu h r Field, Esq., a a daughter. CHArmkx— 0 0 6 MARRIAGES. t v o po hl Yrio Alf -. ° ted son of D. B. haptuan, daub ...STEWART 0 ti.lo 2801 /DBL., f ot ton, Surr ' . • f ) urth Viec--Adtu e: ija t l o th r e '° l u X. llcrielltliniitne:'-art', Pot°, l l WENTworalt—HEßioT—on the 25th into, „30nie, At S t ' tD ir Eaton-square, the Lord "Wentworth to , x c _ b iw, daughter of the Pim Geo. lieriot, of Velk ° ' wick6hire. BromE—On the 2Gtli inDstEllartiFitaburgb, Pli eo e6l)it'' Sr i r m T l T 0 -- i oa_ u t o ho 26: - M.D., Physician i Ordinary ". ' toi ls SCOTT—On th ' 2 ' ' tlitod, o 6th inst., at eels, oco _ ries 010 Robert Scott, late of II EIO 's Maritinie til 00f I.n 5..,. 3 ot.orgt 0 1 l sO p: t o t :1., laCti i g 1'; land, aged 74. London: Printed and Published by WILLIA._ it% %,,, r s'( : ' AND too 6 of No. 112, Strand, Printer,th at THE SUN OffiCe 0, ''itioieoo in the Precinct of the Savoy, in the CotadY ' 1494C18f, August up, I ( i A