The Sun. — London, England, 1866-08-18 00:00:00

a 0.c,., .e - '". ~~~ tug. 17. an d four Princess you horse- vith Prio- 3 went out ;rday, and ps had the the Royal I. Augl l 4 3 ranted by ;d inst., t° L., P.C.; Marjori tas. Norris utors and r £70,000, w ife, the ord High Her lady ; executed 65, and a [ng. filer ron Truro ,ry, books, Dther por s persons• 1, the late leaves the robes as hip's stat e )urses be- ms in 1 114 )rd Truro :t forth in 1. Ther e wellery to Lushing , 11,00 0, his wif e L. E. Card" joribanks also legn ,o b e held St. LAW" ladyship's ''A ug usta ughter of plus to De DO is left lless boys the trus . LIT added missioner ne being ; [re-squa r° • ie residue tween the he Shir .ind MY' ind GtlP. Eer Beall' sby Flallt ;it by 1 110 agu Job II [n. ilia ,rn und er are threw e Ist a O6l p died 00 58. ro carriages' mmediat ° levises all leaves all way, an d awl estate idou, 0 0 Ler, J°b ll trustees. est in I ° wres the ur Clllo' riend. needle 'n Jtoileo Li ..td Ord. si 00 3111 c„ r tail l ' -)aten tiog .storOcl by bIONEfIaAKET AND COMMERCIAL INTELLIGENCE, TWELVE O'CLOCK. The discount demand to-day has been rather lignt, and since the reduction of the rate on Thurs day affairs are looking brighter. With the small Inquiry for money and the influx of gold, there seems, every p ro b a bi l i ty that further fac ili t i es wi ll De afforded the mercantile community. In the Open market the average rate for the best three months' paper is 7i per cent. At the Bullion Department of the Bank £121,000 In gold, from the Continent, was received yes terday. 111' report of the directors of the Southampton 'Jock Company just issued states that there is a considerable improvement in the receipts, and a dividend is recommended for the half-year at the „rate of 5 per ce n t. per annum, leav i ng to be, carried z orward an amount of £2,247. I t has been announced that the directors of the A gra and M as t erman ' s Bank, assisted by some of the leading shareholders, are actively engaged in faking arr angements for the resuscitation of the b a uk. Every one will no doubt heartily wish them auceess. The movements of the precious metals during the Past week have been on an extensive scale as re gards th e i mports, which have amounted to about £1,189 ,891 chiefly from the West Indies and Pacific, and the Continent. The exports have been to the weft of £120,669 , th e greater port i on o f w hi c h h as wen despatched to the Continent. An interim dividend of 7s. 6d. per share for the half-year ending 30th June has been declared by the Tyne St eam -sh i pp i ng Company, w hi c h i s equa l 5 Per cent. per annum. Two o'CLoCK. There has been no alteration in the market for Consols, which have closed at 88 k for money, and at 88 1 for the accoun t—th e same quo t a ti ons as those that last prevailed yesterday afternoon. The alteration of the Bank minimum to 8 per cent. has i nduced firmness, but no speculative activity, and it would appear that the holiday season must pass before any great animation can be experienced. The New Threes and Reduced Annuities are 87i i; Red Sea Telegraph Annuities, 18; ; Ex chequer B ills, for June, Is. to ss. prem. ; Bank of E ngland St oc k i s marked 245 ; India Stock, 20811; ditt o 5 per Cents., 1031 ; an d di t t o 5 per C en t. bebentures, 1873, 1044. With the exception of Greek Bonds, Foreign Stooks have all closed buoyantly. Turkish 5 per Cents. are 261 ; Mexican, 161 1; ditto New, 51110111 i ; S panish Passive, 191 1 ; Certificates, 141 1 ; Italia n 52 ; and the Brazilian Scrip, 3 3 dig. t,-)aited Stat 2 es 5-20 Bonds are 681 ; Erie shares, ; and Illinois, 741 75. bee Th e operation s i n th e R a il way Sh are M ar ket have Rb n more extens i ve, and prices genera ll y h ave le l " an upward movement. Great Eastern, etropolitan, and Midland have each improved 10s. ."eat N ort h ern A Stock 155., Lancashire and York 'Haire L i, and South Eastern Z 1 10s. T he For e i gn and Colonial lines exhibitno mater i a l chan g e in val ues . Ba nk and Mi sce ll aneous S h ares are d u ll . U n i on Nof Austr alia have declined to 451, and Chartered e l !eantile of India, London, and China to 344. coolbainiiceer have improved to 201, and London and k 41) tY are s t ea d y, at 63 . Cred i t Fonc i er an d I c of Engla n d are d ea lt i n a t 31 di s . ; Gene -7i a redit at 2 di s . ; an d N at i ona l Di scount C o . a t hat P r em. Anglo-American Telegraph Co. are at 12 1 ; and Hudson's Bay Co., 15f IG. n FOREIGN FUNDS—CLOSING PRICES. a mCVERNSIENT FUNDS. Di3t Cent. CORSON 8 % Account, Aug. 9 88 Per Cent. Reduced i i Kew 3 per Cent B7i 1 e i N ) ‘ r 3 i per Cent. Jan. 1894 — A °. a per Cent. Jan. 1873 — Dofor'ilniti 30 yrs, expire sth Jan., 1880 _— ~ 3 0yrs, expire sth April, 1885 . Do (Itd Sea 'elegraph), Aug., 1908 lBt E D z e i, 4eUer Bills, £l,OOO, 3 pe r C en t. — ch. o £5OO $ k i3 ° £lOO and £2OO 11 l C '' Enr , land Stock, 51 per Cent 245 ,-() Account — J.No h , 1 ii . ; ""Oz GOVERNMENT SECURITIES. tit-oall,Stock, 101 per Cent., April 1874 2OBl 103 f D o ' 0 per Cent. July, 1870 13 ' 1 Per Cent., Oct. 1888 _ Do, Certificates Enfaced Paper 4 per Cent D o 5 , Per Cent., Jan. 1872 Do,"' ,1 - per Cent., May 1879 _ 121 "b, 5 per Cent., Aug. 1873 T,o•l3oncis,4 per Cent., £l,OOO — pni. "0. under £l,OOO U6NpeDrS6—enCt.L, t..,£15 pd _PRI P C:S. 1141 ' 1 , : e z t fl ta : 11 ; el P s it el o p i n e i l 18 s b bi per i s l e ic u l: t Cent, 1859 Do. 'I per Cent., 1852-58-60 D o Do. 1863 4 D A • 1865 c oennt 7ll, I) • .4100 Bonds 7* , • S o • - 3 dis Nei l ') r iP, £6O paid t1,,0s Ayres 6 per Cent — e but) flOO Bonds _ k iiia i Per Cent. (Deferrod 3 per Cent.) D0I) -11 6 Per Cent _ 0. 41 per Cent _ t o . 6 per Cent elliboittiarilaP,647s paid _ pm _per Cent. _ /04 1 8 , 6 Per u out. 1 ) 13 Per Cent, 1825 — Doltl% Per lB64 ea, — ll PI Principalities titium "4.coeunt 67 6 ID — Qt New Consolidated, 1 per Cent — sl),?•,,,Provisional Land Warrant — kvu -ieferred 0. 1) tl 1 1l 7 Per Cent — Do 5Se Per issue — -1° 4100 Bonds — Do Do 811 3i 41 ~,0 • 1864 t.,._100 Bonds I)! tioverntnent Railway Debentures 7B ldis Gree u i -t , B O paid D o A " Per Cents., 1824-5, ex Coupons 13 0 . "'„ e oelint 11 D o . ' A ° uPons ttliat,,,,.ceeunt 41 I tci n ', Q4l , l a 5 per Cent. 1) 4 ' Per Cent 1865 ~Dc , :;l „ A e oeunt 671 kezi; ''''arernmana Railway 1J -a l l 3 Per Cent °' "ecaUnt D o ~...,0 6 18 64 ll* 41 41 04te0 i Per Cent. A ng l o -F renc h ljdean 6 er Cent., sti 0 Lali Iniperia p l 5 per Cen£3o paidt lie rid : Warrants (Hectares) b ° 2 Granada Dp©r Ce n t ft,°' boferred .1 . ), . nsperCent 'l ' '' .. 1 ..nt., 1865 J • - 13 ° . - Account a per Cent. (Urib arren ) 1, e•A 1) ° q per Cent., 1862 c c t u ttli oun I) o Pese 3 per Cent, 1853 . Ak t , , nn 4 1 4 Per Cent, 1822, £ St D 0 ,;, Per Cent. 1850 1) 0 il Per Cent, 1860 D 0 5 Pet Cent. 1859 )3, . Per Cent. 1862 871 1 tkra i : i Per Cent. 1864 — R JD% 2 4 6 Per Cent -I) r ,a.rli s i; e n eount -- , o A - Per Cent 1)0 Neunt 361 Do Ac ew Deferred _ Do cou nt S Do Akeasive .............................. --- I)l4jah _,.*l.lut b \l3O A_uert. of Coup not funded '— I ' 'ecii,i'collut ..... b o t 1 per co .t. Do' 4 / Per u • .I, o ish 6 _ C ent 1864 .), Aecofole,,rt ....... 1851 — D 7 ., 6 Nr uc„iii ... .. : bo..ttor,tht ....8... 6 Tier 45,9ds ...... !,)0. Cent. 1862 ---- -P, e .clo9llt , 6 per Olds ',', C ut., 1863 — 1) ., Aee,,,l;Lt, ' 865 . , paid up Scrip — Ir e ,,'!•l p er (IL_ t7e211,4„, 3 ` - ° ,l t. (3 uarau teed ° A Per Cont. 00 t; ceouut ..• bo. per cert. i j , Accou t'l 1862-- 1t,.,. . ::::::Cllet,ni,"l"Bxi.. ................. .. _72-4 "011• ..o. p D, (14. dog 2i On tho above payabloin Luud bo 4- fr Per C ent. EI2G . 1 4,14 Les b o. A Aer Cont., 8 61, Ex. 25f. Q '4:ceenuti 52 , ............................... O'CLOCK. ... 0 ,.. TWO q 80 1.3 r b i , or ra mie , . 88 ltO Aeco... .. . 7 -. cl % " 4..............__ t .............. ................... 1 " 4 ‘ -......' 1 4 iv _ r ____ _____.._______ e Pool C, Th _,otton Ararket—This Day. e u ' a lizet . • ' easier, rather quiet, and prices, in some 84lea probably 10,000 balm 'his Day. ORDINARY SIIARES AND STOCKS. Share I Railways. 15rUstui anu .k..xeLer Caledonian ... Us in brian Cork and 8and0n...... Cornwall Dublin & Belfast June Dun„Perth, & A b.Junc E.London, scrip Certi Do. Glasgow & S. Western Great Eastern, Ord. stk. Do. E. Angl. et. No. 2 Great North of Scotland Great Northern D. A stock ...... • Do. B stock I Do. New, Is. at 25 pa, Ot S, and W. of Ireland Gt. Western -Original VA!. I.wil g Do. South Wales Do. W. slid.—Oxford L. Newport Do. 1-tvreford Lancashire Sc Yorkshire ) London and Blackmail Lon., Brigh„l i Coast Lon., Chat., and I))srer Do. Metrop. 4 Lun. Sr North Western Lon. do South Western Man., bhet., dr Lincoln Metropolitan Do. New Do. r xtension F Afetropaltygn District. Do. do. 40. Do. and St. John'sW'd Jlidiand Do. £9 Share Do, tiirmin .. & Derby lient 17orai Do. iid„ 4r.. Dun. Nth. Eastern—Berwick Do. G.N•E purchase' Do. Leeds ..... Do. York D. Carlisle ..... 11 43 , t.. 490 4, Darling. Do. do. North London .. Do. do. 1864 Do. do. 1835 North Staffordshire .. N• 4c S, W. Junction .. IScottfilo Ventral Scot. N. J tocl4 Do. Scot, Shropshire Union South Devon South E,,stern Staiil44l, Wok., & Wok ratc Vac / Do. C Vale of Neath ~ • • Waterford & Kilkenny Waterloo & Whiteha Went Cornwall Paid ) Closing Business Price. dene. tSB vu 124 126 35 15 13 15 4 6 67 7) 70 72 111 113 27 28 6 7 IID 121 1:6 127 91 93 ' 63} 51 261 6 1 5/ 6, 122 )28 i I 54 3! OV 61 Si t:1ITISO YOSSEI Atlantic & St.E&Wreriee Boin.,Baroda, Cen.ln. gu. 5 per cent... 1)o. F shares Buell° ,t Lake Huron Do, l'ruarcnCe Bufr., Bran L, G - QdPriCli r 6 p.c. Calcutta & S. E., lim 12ape Town & Dock, gu , Demerara, 7 p.c. per. Fe East. Bengal, gu., 5 do East Indian, ga. Np.c. Do. J Exterislo4 'Grand Trunkof Canada Do. Equip. Mort, Bonds 1 charge 6 p.c Do. Ist eref. Bonds Do, do deferred De. 2d i'rk I. Bonds Du. do, claimed • • • • Do. 3d stock, • Do. do. deferred Do. 4th l'ref. stook Do. do. deferred Ot. India I'en. gua. sp.c 0. (lea. 5 per cent Do. Nets ii - 11a. s p.e• • tit. South of gua. 5 per cent • D.:. 41 per cent Do great Wcs. of Canada Di. New Do. 6 p. o, lids. pay. 1873 Do. Si do. pay, 1677-8 Indian Branch, limited Madras, gua. 5 p.O Do. 41 do Do. 4a do Do. Fifth Extension Nlelb. Cor. 6 p. c. Bnds. ct Hudson's Bay N.1t1.(3 . 411,6pc15t pf, bs 100 Scin de ..... 100 Do. Delhi l5 2 5 1 0 100 Do. do Do. Pun iauh...• 1 " Do.lndus St.Flot a 0 100 1(.0 100 100 all 100 100 COLONIAL GO VERNMEN' .13ritish Columbia, 6 per cent., Dec. 31,1572 Can.Gov.6 p.c.Ja..k. July 1877-84 Do. 6 p. c. Feb. &Aug Do. 5 p. c. Mar. & Sept Do. 5 p. c. Jan. & July Do. 5 p. e, Inscribed sk Cape G.Hope, 6 p.c. 1873 Do.Apl.&Oct . 1640-1900 Do. do; 1880.9 u Do. Jan.&July, 1890-91 Do. 5 per cent. 15 April and 15 Oct., 1900 ... . ._ Ceylon, NOV. 1888, 6 p. , Do. tem', do Mauritius, 6 p. o, 1873, Jan. and July Do. 1878 .. 00. 1882, Maytb, Nov. to Do. 1895, Feb. (36 Ault Natal , iov. 6 per cent N.B.Gov.6p.c.Ja.ZeJu l y N. S.W. Gov, 5 'c.,1866 Do. 5 p.m 183 to 1876 Do. 5 p.c. 1888 to 18P? New Zealand, 6 p. cent Do. 5 per cent Nova Scotia Gov. 6 p. c sterling, 1875 Queensland Gov. 6 p. c 8. Aus.Gov. 0 p,c 1868-9 Do. 1878 & upwards Vic,G ov. 6 p.c. Ja & July Do. do, April Oct BRITIS Cam. Consol. Gold, Um Chiverton Clifford Amalgamated Devon G. Cons. (Tavist Drake walls East Bassett (Illogan) East Caradon East Carn Brea East Grenville East Gunnislake .. East Lovell E. W'l Russell (Tavistk Gam.& StAubyn(Gwen. Great Laxey, limited Great South Tolgus Great Wheal Busy G. Wheal Vor Grenville Ilerod's Foot fling ston Downs 3largaret ( Uny Lelant Marie Valley Siwyndy Iron Ore, lim N ew Se ton North Roskear N.Wh'l Bassett (Mogan North Wheal Crotty Prosper Providence Uny Lelant S. Caradon (St. Cleer) South Condurrow S.Wheal Fran. (Illogan Stray Park . Tin Croft Vig - ra and Clogan, West Bassett (Mogan W. Caradon (Liskeard West Chivertou West Seton Wheal Bassett !Mogan Wheal Buller (Redruth Wheal )llary Ann (Men Wheal Seton Wheal Trelawney (Lis M. 2.1.0 294 2.11.01 31 2.14.0 8.3.0 3.9.0 10.8.0 all 0.14.6 14.9.6 li 3.2.0 18.18.9 35.15.6 584 5.17.0 1 2 6 7 61 67 105 115 80 85 10 15 3 5 130 140 8 10 rat: FERE NCH BHARZB. Great Western, 4 per cent irred , 78 LINES LEASED AT FIXED RENTALS. Groat Western, West Mid., Hereford, 1001 YOREHIN RAILWAY b. Great Luxembourg, 131 South Austrian aad:Lombardo Venetian, 15 Turin and Sauna, 0 FOREIGN IMMO. Frontino and Bolivia Gold, Um., f Port Philip, BANK B: Alliance, lim.. 201 Brazilian and Portuguese, lira., 81 Chartered 4.ler. of India, London, and China, 341 City, 151 Consolidated Bank, lira., 4/ East London, lim.. 31 Land Mortgage Bank of India. lira., 31 London and Brazilian (lirn.), 32 LoLdoa L'oukty, 63 Metropolitan and Provincial Bank. lira., 101 National Provincial of England„— Ditto, 33 and 3d issue,.37l Oriental Banit Corporation, 45 Union of Australia, 451 Union of London, 451 MISCELLANEOUS. Anglo-American Telegraph, 121 1 Anglo-Mexican Mint, 18 Atlantic Telegraph, 8 per cent. gna. lira., 70 Berlin Water Works, lim., 101 Credit Fonder and Lk/biller of England, 41 2 Ebbw Vale, I.l} Gen. Credit and Finance of London, 111 n., 4 General Steam Navigation, t 7 Hudson's Itay, lsg 16 Imperial Land Company of Marseilles, lim., 3; International Financial society, lim., 31 London Financial Association, Um.. 121 I'l Ditto, new, issued at 5 prem., of which 31 is to pay, 42 1 Peninsula and Oriental steam, - Di t to, new, 50 1 Scottish Australian Investment, lim., 120 THE MEXICAN MINISTER.—The funeral obsequies of Mrs. Duran, the wife of the Mexican Minister, will take place at the Spanish Chapel, Manchester-square,on Monday, the 20th inst., at half-past 10 REPRIEVE OF A MURDERER.--William John Turner, now lying in Armley gaol, who was convicted at the recent Leeds Assizes of murdering his child at Sheffield, has been reprieved during her Majesty's pleasure. THE WIGAN MURDER.—At the Liverpool Assizes, on Thursday, Mr. J. B. Aspinall, Q.C., made an application to Mr. Baron Martin for an order that the cost of draining the canal for the purpose of having a search made for tho watch of the man James Barton, who was murdered at Bawkhouse Colliery, should bo paid in the ordinary way as part of the expenses of the prosecution. It will be remembered that the search was made in conse quence of statement made by the man Walton, who was discharged the other day his lordship. Baron Martin re marked that the sum (£105) was a most enormous one ; but if ho found ho had power to order the payment he Would do so. 35 37 33 30 ._ .... 120 i 1201 81 S 6 10 20 117 /18 8) 91 56 57 , 127 128 2 3 pi 104 101 69 91 115 (1 9 lf 21 , 89 01 50 5! ',2 21 102 104 6V is) 101 103 34 36 9 11 p 119 121 2 1), 1 2pl 75 77 108 112 159 164 73 76 45 4V 61 (5 7 i Si 14 . 245 2 3; 98 101 53 65 ISIONS. E 3 65 03 100 id p 4 4} 74 84 76 80 80 ti& 100 102 994 /GO 99 101 20 22 Sc E 7 55 Lei 43 52 50 55 45 SO 40 45 33 3) 24 24 24 20 105 IL6 1 I' a 98 100 91 03 14} 141 8i 5 91 93 83 85 Op 97 DS 81) 91 83 87 8 82 96 97 96 Y 7 1} 1 95 96 T SECUR 92 94 93 95 91 9d 75 77 75 77 99 101 102 101 102 101 100 103 85 8) IGO 102 105 1.7 102 104 103 105 101 103 1(3 105 97 100 93 02 90 92 90 95 83 85 92 94 73 75 94 96 90 93 102 101 103 105 5 6 6 7 380 100 15 17 6 7 i 1 2 3 tii 7i 3 31 19 20 1 I 18 22 1} 2 30 32 3} 4 8 3/ 4} 2* 11d 35 45 2 4 2 1 20 25 325 375 If 171 ai 9 11 3 5 Juno. SHARE 121 24 11 18 1 1 ; [ll7 117 f 18} is 89f 57t 1271 8 71 f 'll9l 14 It 108 5# 111 i 1 ITIES. Her Majesty's Ship Bellerophon. The following is the official return of deaths from cholera and diarrhoea, on Thursday, Aug. 16 : Cholera. Diarrlicea. 1 8 2 12 This noble ironclad weighed her anchor at Spit head yesterday about 1 p.m., fora trial of her ma chinery and new Griffith's screw with which she has recently been fitted, and also for a trial of the ship's speed over the measured mile should the wind prove sufficiently moderate, or, rather, should it be found not exceeding the limit fixed by the Admiralty re gulations for the trials of all ships over the measured mile—a force of four. The wind had exceeded this strength all the morning, and continued so at the time the frigate left Spithead, giving but little hopes of its lessening sufficiently to enable the speed trial to come off. The ship's draught of water was 21ft. Tin. forward, and 26ft. bin. aft. The diameter of screw is 23ft. Gin., and itspitch 20ft. M r . J o h n P enn , th e ma k er of the with Mr. Penn, jun., Mr. J. Matthew, a member of the firm, and Mr. Anderson, were on board to watch the action of the machinery. Mr. E. J. Reed, Chief Constructor of the Navy and designer of the ship, was alsoon board. Capt. W. C. C. Chamberlain, of the Asia and Steam Reserve, conducted the trial, his staff of officers being composed of Chief Inspectors of Machinery Afloat J. Ward and G. Murdoch. On leaving Spithead the frigate made half an hour's run south of the anchorage, and on being turned again for Spithead and Stokes' Bay, she gave another proof of her extraordinary handiness under steam, and quickness in answering her helm, in reversing her course in 2 min. 10 sec. from the time of the order being given to the quarter-master at the wheel to " Hard-a-starboard." On passin g through Spithead again the wind was found to have lulled somewhat, and it was, therefore, determined to place her on the measured mile. This resolution might not have been taken considering that the wind still very much exceeded the Admiralty limits, but for the fact that after yesterday the tides would be unsuitable for some time to come for the trial of the ship. It was fortunate, however, for both Mr. Reed and Mr. Penn, as also for the reputation of the Bellerophon, for the re sults gave the ship a rate of speed even in excess of the anticipations of her designer, while the working of the engines and the power they developed were such as was never yet approached on any former trial of a vessel's machinery. Six runs were taken with full boiler power, which gave the following figures Runs. West districts North districtj Central districts,,, East districts South districts .4 45 11 Total .„ GI 40 The return for the sub-district of West London, south, Waki not received in time for publication. SPIRIT OF TJE PUBLIC JOURNALS. ANGLO-AMERICAN TIMES. ---- Parliaments, as a general rule, waste their Sessions in idle talk and endless disputes, lsnsieg• most of their important work 'to be hurried through in the last hours of their sittings. At first, time seems to be of no importance ; at last, nothing seems important but time. They begin by hours of debate on trivial subjects involving no principle; they end by hurrying through weighty measures without any debate at all, however important may be the principles involved. The Session of Con gress which has just closed forms no exception to this rule. On the contrary, it furnishes the most striking instances of its truth. Both Houses sat from noon on the 27th all through the night until half-past four on the evening of the 28th July, when the Session closed, and Congress broke up. The strange spectacle was presented of bills debated with the Representatives asleep ! and passed by a quorum roused up by the pages when the roll was called. A measure involving a sum of £40,000,000 sterling was thus passed, and among those of vital consequences to the best interests of the nation was the rectification of the Neutrality Laws, introduced by General Banks. So valuable bad time become that the presiding officers could not permit an ad journment, as the members might not again be got together to form a quorum. More than a third of the laws were rushed through in these twenty eight hours. Many without one word of debate and some involving circumstances that the nation may have plenty of leisure hereafter to repent. Fortunately, however, for the country, if there be a weary Congress worn out by a long session through days and nights of debate, in a term heated beyond the heat even of tropical countries, there is another tribunal which fastens on these measures and ven tilates every question involved—a tribunal which has infinitely more weight in forming the opinion of the country—the newspaper press of America. Such a scene as that presented by Congress during these 28 hours has been generally condemned by it. Many of the bills then passed have been discussed and shown up in no measured terms, and chief among those so condemned has been the revision of the Neutrality Laws. The haste with which it was in troduced and passed in the House of Representa tives has been censured by the leading journals representing all opinions, and on grounds wholly apart from the advisability of the policy. The Philadelphia Inquirer considers the measure to savour more of spite than of statesmanship. The New York Times aske, " Is it more dignified, more proper, or more expedient to modify the Neutra lity Laws for the accommodation of the Fenians than for the accommodation of foreign Govern ments, and considers it disgraceful to have legis lation in matters of the highest importance pushed to maturity at lightning speed, without thought, without care, and without regard to the possibi lities of the immediate future." The New York Evening Post terms it a disgraceful vote. Fortu nately a great statesman who has the interests of his country at heart stopped the bill in the Senate. By the determined opposition of Mr. Sumner, the amend ment was passed over to a committee, where it rested when the adjournment was proclaimed. The loan of £10,000,000 sterling to Mexico, in aid of the Liberals, was lost. But the members took better care of a clause in the Soldiers' Bounty Bill, in creasing their own salaries from $3,000 to $5,000 a year. The reconstruction of the Mississippi levees at the Government expense was rejected, and although we concur in considering the burden of such works should fall on the State benefited, yet we cannot but regret that, under the circumstances, this aid was not extended to the impoverished inha bitants of countries which, unfortunately for them, had become the theatre of war, and whore such vast interests were concerned. Thousands of square miles of the finest country in the Union must return to a state of nature, and change from fertile fields of culture to unhealthy swamps, if these levees be neglected. Permission was given for Nebraska to be added to the States of the Union---a permission the President is little likely to act on, considering it will bring in votes hostile to his own policy. Congress appears to have little dread of the results of the coming elections, as the Republican party knows that it carries with it the vast majority of the people. However determined the President may be in adhering to his own pl an o f Reconstruc tion, he must pause when brought face to face with the nation's opinion, nor will this policy be strength ened by the brutal violence and uncontrolled savagery of such cities as Memphis and New Orleans. At noon, on the 28th July, the Presi dent and Cabinet sat in an ante-room of the Senate Chamber known as the President's-room. The Bills passed during the night were there hastily ex amined and received his signature. To the last President Johnson maintained his veto policy. A measure formally returned by him was found to have been introduced into a Land Surveying Bill. Instead, however, of the Land Surveying Bill shelter ing this measure, the latter was fatal to its protector, which was vetoed. Thus this celebrated Session ended, marked, we regret to say, by a widening breech between Congress and the Executive; but we earnestly hope, and fully believe, that the clear judgment and good sense of the President will guide him correctly in the interim, while the power rensains with him, and that much of the hostile feel ings engendered will tone down before Congress meets again in December. In the Executive are some of the greatest statesmen of the Union belong ing to the Republican party. It is not likely that this time will be lost and the fracture permitted tc be come impossible of rejunction. Indeed, it may be reasonably expected that public opinion will speak out, and enforce on both sides a spirit of concessionwhich will avert the evils that must otherwise arise e and be perpetuated in the country, if these fatal dis sensions gain increased force, and widen the breech in the ascendant party. Time, Speed, Stettm. Vacuum. Revo m. N. linots, L bs. Inches. lutions. 1 4 15 14.118 27 25 74 2 4 14 14 ' 173 ... '2B 25 76 3 4 9 ~. 11 ' 4 57 ... 27 25 75 '4 4 22 .“ 13.740 27 25 76 5 4 4 11.754 27 25 76 4 26 ... 13 ' 533 28 ... 25 ... 77 Mean speed of the ship with full boiler power, 14.201 knots ; total number of revolutions of the engines, 1,918. The ship's power of turning were afterwards tested with full boiler power with eight men at the wheel. With helm to starboard three and a half turns of the wheel were taken in 22 sec., the angle of the rudder being 37 deg: The half-circle was made in 1 min. 58 sec., and the full circle in 3 min. 59 sec. With helm to port, three and a quarter turns of the wheel were taken in 18 sec., the angle of the rudder being 33 deg. The half-circle was made in 2 min. 3 sec., and the full circle in 4 min. 30 sec. The resolutions of the engines in both in stances were 76 before putting the rudder over and 66 afterwards. As soon as the full power circles were completed, communication with the after boilers was shut off, and the ship was put on her trials with half boiler power,which gave the following excellentresults Speed. Steam. Vacuum. Revo- Knots. Llbs. Inches. lutions. ~ . 13.043 22 26 62 2 528 10.975 25 25f Glf 3 ~. 4 29 13.432 26 26 ~. 65f 4 5 24 11.111 ... 26 Mean speed of the ship, with half-boiler • power, 12,164 knots. On the conclusion of the half-power runs the ship was put through her circles under the same conditions. With the helm over to port three and a half turns were taken with the wheel in 27 secs., the angle of the rudder being 36 de g . The half circle was made in 2 min. 22 se c ., a n d the full circle in 4 min. 27 sec. The e ng i nes ma de 64 revolu tions before the rudder was put hard over, and 52 revolutions afterwards. With th e h e l m over to starboard three and a h a lf t urns were taken in 30 secs., the angle of the rudder being 36} deg. The half circle was made in 2 min. 34 sec., and the full circle in 5 min. 10 sec. The engines ma de 64 revolutions before putting the rudder over, and 52 afterwards. Six men were at the wheel. The concluding portion of the day's trial was to test the working of the eng i nes t o s i gna l f rom the bridge t e l egraph, and in answer, this they stopocd dead from full speed ahead in 30 sec., started astern in 6 sec., and changed from full speed astern to full speed in 19 se conds. The indicated horse-power worked out from the diagrams, was 6,400. The nominal horse-power, it is almost unnecessary to observe, is 1,000. The force of wind during the trial exceeded 5. The load displacement of the fri gate at yesterday's draught of water was:as nearlyas possible_7,32o tons. The engines worked perfectly from commencement to end ; no machinery in fact could have been made to act better. The figures of speeds require no lengthened comment to show their value, and these returns were fairly got, we may mention, with the regulation length of funnel. SHIPPING IN TELLIGENCE--Thig Day. rio:mot, Aug. 18.--Wind this day at noon —North- Westerly ; moderate breez e and fine weather, but rather cloudy. PLYMOUTH, Aug. 17.- -Wid S.W.—Arrived—Garibaldi, from)Mazag an . CARDIFF, Aug. 16.—Wind N.N.—Sailed—Sea King, for Yokohama. BRISTOL, Aug. 16.--Wind from Trinidad. SWANSEA, Aug. 16.1Wiud Sailed—Yeta, and iluaseo, for Valpar a i so. fromCLYDE, Aug. 17.- - Wind N.w.—Arrived—Hermonle, Mauritius. HOLYIIEAD, Aug. 15.—Wind S.W.—Arrived—Ebba Vale, from Pomaron for Liverpool; Eliza, from Liverpool for St. Thomas Foreign Mail Packet List, Potersburgn Berlin Madrid Cadiz Leghorn Milan MAILS b trE. Australia and New Zealand, via Southampton Aug. 19. Ditto, via Marseilles Aug. Brazil and Cape Verde. by British packet. ..... • Sept. 3. Ditto, by French packet Cape of Good Hope, Ascension, and St. Helena Aug. 21. China. Penang, and Singapore, via Southampton Aug 19. Ditto, via Marseilles Aug. 13 . Falkland Islands Gibraltar, via Southampton Aug. 19. India fealoutta), and Ceylon, via Southampton Aug. 19. Ditto, via Marseilles India (Bombay), via Southampton. Aug. 27. Ditto, via Marseilles ... Aug 2 !. Malta, Egypt, and Aden, via Southampton Aug 19. Ditto, via Marseilles Aug. 13. Mauritius, via Southampton Aug, 19 Ditto, via Marseilles. Sept. 13 ffewfoundland ... • ..... Aug. 29. Portugal.... • ......... Ditto, by private ship to Lisbon United States and British North America, by Bri tish packet Aug. 23 Ditto, by United States packet, via Southamp ton Ditto, via Cork ..... Ditto, by Canadian packet, via Londonderry .. Aug. 17. ebt Cuabt ul Utica, Ala , lcira, aul T .ncrifre S e p t. t o . West Indies and Pacific (except Bahamas and Genoa Naples DT ELECTRIC TELEGRAPH. GRAVESEND, Saturday Morning. Arrived, Aug. 17.—Spirit of the Deep, from St. John's, N.B. Arrived, Aug. 18—Waterfo r d , from Guernsey ; Exem mPhiClao Colombo ; dloelmithia;Al Confiden ce , f rom Ak ya b ; E as t wynton, f rom Adelaide ; Char- Lothian, from rb ;m o a s r ; ia M , a fr r y Stuart,omßos:on ; Rosa, and Char lotto Maria, from Ystadt ; Leonora, f rom St. Petersburg ; Mary Hardy, from Memel ; Cuban, Sveuborg, from Archangel; Eider, st eamer, from Ham burg ; Belgium, steamer, from Ostend . ; Dragon, steamer, from from Colombo Baad from Charente; Lord John Russell, steamer, from Dun kirk ; Ostrich, steamer, from Antwerp. Sailed, Aug. 18.—Seine, steamer, for Boulogne; Holland, steamer, for Ostend; Velocity, steamer, for Calais; Nep tune, steamer, for Havre. Honduras) Cuba and Mexico .. • Aug ?,3 vg. 23. Bermuda, via Halifax Aug. 29. Bahamas, via New York. Aug. 20. The Money Market Review states as follows : Commerce breathes once more. After three months of unexampled pressure, the Bank rate has been re duced 2 per cent., and there i 3 hope that securities will once more become negotiable, and that those who have weathered the storm hitherto may escape the shipwreck which has so long threatened mer cantile England. What could have been more out of place than the pitiable platitude with which the Chancellor of the Exchequer re plied to a deputation from the leading joint stock bank; that national bankruptcy was "a matter for serious consideration." The cleverest bank directors in London did not need to go to Downing-street surely when this is all the light that Government can bring to bear upon the most vital part of our national concerns, for our cur rency is the life and breath of our commerce. The large arrivals of bullion at the beginning of the 'week gave ample ground for anticipat ing the reduction of the Bank rate, and the movement seems to have been pretty well dis counted, for Consols show a rise of little more than f per cent. upon the week. In fact, there has been so much recovery in the price lately, and the supply of stock, as evidenced by the heavy " contango" paid last " account," is so ample that any great and im mediate rise in Government securities is scarcely to be looked for. DEAL, Friday Morning. of the South, barque, Anchored.—George Canning, of Goole, and Esther, of Georgina,lpsNvi Alfred,ba7 Sailor, barque, Sarah Ann, of Sunderland, Barrow Second, brig —all from the North, for the West. of Arundel, Passed.--Victor, screw steamer, from L on d on, for Caen ; P su ri a n d c e e ri L a e n N d v , el f l o y r n A , from . London, for Rangoon ; V enus , from Sailed.—Nearly the whole of the outward bound. ATIN ; will--- be opened in The thirty-sixth annTullalEmeßetnintTglSolff theAC associationsSoi Not tingham ou Wednesday next, on Whi c h Occasion the in _ science, cience, ethnology, chemical augural address will be delivered in th e Th eatre R oyal, by the President, Mr. W. R. Grove. Th e di fferent sec tions will assemble at the rooms appoi n t e d f or them, for the reading and discussion of repOrts a n d ot h er commu nications, from the 23d to the 2 8th inst. Th e sect i ons science,in c l u d e geology, mathematical biology, andphysicalgeography, and eco nomic science, and statistics, and mechanical science. To each section a separate president of eminence is appointed. On the 23d, there will be a soiree at the Working Man's Exhibition Building, which has been decorated for the purpose. On the evening of the 2lth Mr. Huggins will deliver in the Theatre a discourse on " The Results of Spectral Analysis applied to the Heavenly Bodies." On the 23th there will be excursions to places of interest in the district, and in the evening a grand complimentary concert. On the evening of the 27th Dr. Hooker will de liver a discourse on insular flcras, and on the evening fol lowing there will be another soiree at the Exhibition building. T.H. SUN, LONDON, SATURDAY EVENING, AUGUST 18, 1806 SUN OFPICE, 6 o'CLoCK. PRUSSIA. VICTORTA CLUB BElTrING.—Trus DAY, MR HANDICAP. 6 to 2 agst Westwick (taken) 8 to 1 agst Gomera (taken and offered) 7 to 1 agst Scamander (taken) 10 to 1 agst Caithness (taken) 100 to 10 agst Treasure Trove (taken) 100 to 8 agst Retrousse (taken) 100 to 8 agst Dubiety (taken) 100 to G agst Zenobia (taken) ST. LEGER. Even agst Lord Lyon (taken) 5 to 2 agst Rustic (taken) National Finance. The bill contains another highly important pro vision. Section 4 declares that from and after January 1, 1867 (that is to say, five months hence) the lawful money required to be held on hand by the National banks, for the redemption of their currency, shall not consist in whole or in part of interest bearing legal tenders. The national banks hold almost the whole issue of interest bearing legal tenders as their reserve fund for the redemption of their circulation. The effect of the bill, if it become a law, will be to compel the banks to substitute greenbacks for interest bearing notes, which will contract the volume of currency in circulation by more than $100,000,000. This is the object the Senate had in view when it incorporated this provision in the bill. It is a long step in the right direction toward resumption of specie payments. The second section of the bill directs the Secre tary of the Treasury to notify the holders of 7-30 Bonds that they must give notice to the Treasury Department four months before their bonds mature whether they choose to exchange them for 5-20 Bonds or to be paid legal tenders for them. The great bulk of these bonds will ho unquestionably converted by the holders into 5-20's. A few may be presented for redemption in cash, but none will be unless the value of 5-20's fall below par, which is not probable. The Secretary of the Treasury is already offering to exchange 5-20's of 1865 for 7-30's, but as each class of bonds are almost of equal market value, not many swaps may be made for a time. The expenses of the Government for the present fiscal year are estimated as follows : Interest to bo paid on Debt $ , 141000,000 Support of the A rm y, N avy, P ens i ons, Ci vil Service, and miscellaneous of all kinds 145,000,000 Total Expenditure The receipts are estimated as follows :-- From Tariff 5140,000,000 From Internal Taxes Total Income This would leave $104,000,000 to apply in pay ment of debt. Many sound financiers estimate the receipts of the Treasury at $450,000,000 instead of $390,000,000. And others contend that the expen diture will be not less than $320,000,000. But in either event there will be a large surplus to apply toward paying the public debt.—Chicago Tribune. COURSE OF EXCHANGE—Last Evening Amsterdam Short. 11 18i Ditto 3 Months. 12 2 Rotterdam Antwerp — 25 571 Brussels Hamburg — 13 10i Paris Short 25 25 Ditto 3 Months. 25 50 Marseilles Frankfort on the Maine 1201 Vienna — 13 3U Trieste — 13 30 ... 11 19 12 2 12 2 25 6/1 25 62-1 13 11 25 35 25 571 25 60 121 k 13 GO 13 GO 271 6 281 44f 46 28 10 28 10 28 10 28 10 27 6 28 44 45f 27 90 27 90 THIRD EDITION. A number of important bills have been introduced by Government into the Lower Mute. One refers to a loan of 60,000,000 dialers to be raised partly by treasury bills, partly by stock, at the discretion of the Finance Minister. The bills are to run, at the furthest, only for a year, while 1 per cent, of the stock is to be repaid from the beginning of 1868. The rate of interest is not mentioned. SPORTING INTELLIGENCE.—This Day The amended financial bill for fundiug the public debt, which passed the Senate on Thursday, July 19, is very simple in its provisions, and excludes the objectionable features contained in the M'Culloch bill, introduced by Senator Sherman, which pro posed to pay Jay Cooke and Co. forty millions of dollars for negotiating the sale of Five per Cent Bonds. The present bill appropriates $180,000,000 per annum for the purpose of paying the interest on the national debt ; and so much of the same as is not required for interest shall be applied to the pay ment of the principal of the public debt. The pre sent interest-bearing debt, exclusive of the com pound interest legal tenders is, in round numbers $ 2 ,000,000,000, and the annual interest thereon amounts to $125,000,000 ; the interest on the afore said legal tenders to $16,000,000, payable when they become due next year. The amount the Secretary of the Treasury will be authorised to pay annually on the principal of the debt will be $55,000,000 per year, and the interest saved, which next year will equal $3,330,000. The year after the saving of interest will exceed $7,000,000. The third year there will be nearly $12,000,000 of interest saved by the rapid reduc tion of the principal of the debt. 27 90 27 90 The Commissioners of Kingstown have invited the American squadron to visit Dublin Bay on their return from St. Petersburg. No doubt the Dublin Corporation will give the officers of our fleet and the Americans a hearty welcome. EARLY CLOSING ON SATURDAYS.—It will be in the recollection of our readers that at a meeting of ladies held about a month since at Stafford-house, on the invitation of the Duchess of Sutherland, it was decided to make an effort to obtain a weekly half-holiday for those employed in the retail establishments of London, particu larly at the West-end. The linendrapers' and mercers' trades were selected for the prima►y experiments, and, after hearing the arguments adduced in favour of such a course, 34 of the leading houses agreed to make the essay by closing their business at 2 o'clock on Saturday. So far the experiment, we believe, has proved satisfactory, and 38 other houses in various retail trades have adopted the same course, while a large number of smaller houses have deter mined to close at 5 or 6 o'clock on Saturday. PIRACY IN TAE CHINESE SEAS.—A young officer of a merchant vessel lying at Hong-Kong writes in a letter dated June sth :—" The pirates are still doing their work here. A little Danish brig has been boarded, all her guns, compasses, and so forth, taken from her, and her crow very politely informed that had they been Eng lishmen they would have been all killed. A short time since an English barque, commanded by a Capt. Thomas, a west countryman, was boarded. Sho was manned by a Malay crew, who stood their ground like bricks until or dered below out of the way of the stink pots that those fol lows always heave on board. On going down aft one of the Chinamen discovered the captain stowed away. Capt. Thomas directly came out with his pistol and shot at tlie Chinaman. The fellow collared the captain, and some more coming down they dragged him on deck, and put ting his head on the rail were about to cut it off for him, when the man at whom ho had shot saved his life. They then took all they wanted and left the vessel. Now, you may perhaps think this fiction, but I can assure you it is a positive fact. .1 have seen the man myself ; Ile has been on board here. He has the mark on Iris neck where the sword rested. Many of these little affairs take place not 20 miles from Hong-Kong, and dozens of gunboats are ying in the harbour all the time doing nothing." HUDSON'S BAY COMpANY.—The claims of this company to three-fourths of British America, containing the only prairie land, should be submitted to the Privy Council for decision. Whatever rights they have to Hud son's Bay, Canada, the public say they have none to the districts between British Columbia and Canada. A motion was lately made in Congress to offer them $10,000,000 for their Reccßiver district, but to this they had nolegal right. A committee of the House of Commons sat some years ago on this question, but the result of their labours is not known. The country should be opened up to settlement in now colonies under the Crown. Diary of the Atlantic Telegraph Expedition The Great Eastern, laden with a freight in which the whole civilised world was interested, took her departure from Berehaven, Bantry Bay, at 6.30 p.m ,on Thursday, the 12th of July. During the week she lay in that safe and capacious harbour her coaling was completed, and mechanics and artificers of all kinds were busily engaged in adjusting and testing the new machinery, which had been planned and executed to meet requirements and to guard against contingencies which the experience of last year's expedition suggested. The deck presented a very animated scene of active labour, and one could scarcely have believed that so much work could have been got through in so short a space of the time. The live stock had this year to be shipped in Ire laud, which occupied a considcable time. 10 bul locks, 1 mild cow, 114 sheep, 20 pigs, 29 geese, 14 turkeys, 500 fowls, were brought on board at Bere haven. There was dead stock, too, which consisted of 28 bullocks, 4 calves, 22 sheep, 4 pigs, 300 fowls —a goodly supply for the inhabitants of the float ing town we live in. The public already know all that occurred during the passage of the ship round from Sheerness. She left her anchorage at noon on Saturday, the 30th of June, and a telegram from Mr. R. A. Glass, the managing director of the Te legraph Construction and Maintenance Company, from Valentia, put them in possession of the fact that the shore end of the cable, haling been suc cessively landed by the 'William Cory steamer at Foilhommerum Bay on Saturday, the 7th of July had been buoyed on the following morning about 27 miles from the land. At 6.45 a.m. on the 12th our convoy, consisting of her Majesty's ship Ter rible, 21 guns, and the screw steamers Albany and Medway, both vessels about 1,800 tons each, left the anchorage at Berehaven, with instructions to proceed to where the William Cory left the buoy, and await the arrival of the Great Eastern. On the evening of the same day, having got up her monster anchor, the big ship steamed majestically out of Berehaven, accompanied by H.M.S. Racoon. It was about 50 miles from Berehaven to the buoy placed over the shore end. The night was very thick, so much so that the fog whistle was kept constantly going. Wind from the south. FRIDAY, July 13. At a quarter to 3 a.m. we sighted the Terrible, and the Racoon about a quarter to 4. Shortly afterwards we saw the Albany and Medway, and at 5.50 a.m. the buoy was made out astern of the Albany. We came up close to it at 7. Signals were made to the Terrible and other ships to send boats. The Terrible's cutter came and made fast to the buoy, which was now about a cable's length from our stern. At 9.10 the Albany's boat arrived, and at 9.30 we made the end of the drum-rope on to the buoy-chain and commenced to haul in the mooring chain on the end of the shore end cable. There was a good deal of strain on the chain, which was at a considerable angle on the port side. The wind was on the port quarter, canting the ship to star board, the left-hand screw working astern. Capt. Anderson, seeing the position of the chain, gave orders to Mr. Beckwith, the chief engineer, to dis connect the port paddle-wheel, and to reverse full speed with the starboard. This order, which was executed in about 18 or 19 minutes, brought the stern of the ship in line with the cable, which was speedily "up and down." At 11.30 the end was brought on board—by 11.40 it was on the drum. This was the first practical test of the new pick-up machinery, and the steam-engine attached thereto, made by Messrs. Penn and Son, of Greenwich, and nothing could be more satisfactory than the manner in which it did its work. Preparations were now made to make the joint. The cover ing-wires having been taken off the rope, the skilled workmen from the Guttapercha Works soon settled themselves under shelter of Mr. Can ning's office on deck (it had been raining in torrents since 9 a.m.), and completed making the joint at 1.30 p.m. Mr. Willoughby Smith, the chief elec trician, lost no time in testing the insulation of the cable to shore, which was found to be perfect. The making of the splice was now. commenced ; by 2.30 p.m. it was completed and coiled in the after cable tank. Just as the hands of the clock indicated 3.20, Greenwich time, the Atlantic .Telegraph Cable of 18G6 commenced to pass over the wheel at the stern of the great cable ship. A hearty cheer from those who witnessed thus far the success of the start, the firing of a couple of guns, the hoisting of the en sign, and of that compound flag of nationalities, the union-jack and the stars and stripes, which had been in the service of two previous Atlantic telegraph ex peditions, made up all the demonstrations which Could be mustered. The Racoon gave us one parting gun, and availing herself of as fair a wind as could well blow in her favour, set every stitch of canvas and left for Valentia. The course of the ship was now settled W.N.W. for 33 miles, to be changed about 9 o'clock to N.W. by W., which will take us quite clear to the southward of our mute relative of 1865. The following programme of proceedings for laying the Atlantic Teleg rap h C a b le of 1866 had been prepared by Mr. Samuel Canning, the chief engineer, so far back as the month of May last, and approved of by Mr. Glass, the managing director It will be seen that punctuality up to the present moment has been pretty strictly maintained : PROGRAMME OF PROCEEDINGS FOR LAYING THE ATLANTIC TELEGRAPH CABLE. 1. The screw steamer William Cory, having re ceived on board the shore end for the Irish coast and machinery at North Woolwich, will leave the Thames not later than the 30th inst., and proceed to Berehaven to be in readiness to lay the shore end when the weather is sufficiently fine. 2. The screw steamer Albany, having her re covering machinery, ropes, buoys, and stores on board, will leave the Thames on the 26th and pro ceed to Cardiff, fill up with coals, and go from thence to Berehaven to assist the William C Dry in laying the shore end. She will afterwards accom pany the expedition to Newfoundland. 3. The screw steamer Medway, having all her coals, cable, and machinery on board, will leave the Thames about the sth July, and proceed to Bere haven to join the Great Eastern, and be ready to accompany her in laying the cable. 4. The Great Eastern will leave Sheerness on the 30th June for Berehaven, to complete her coaling, and be ready to steam out to the buoy on the shore end on or about the 10th July. The splice to the main cable will be made on board the Great Eastern. 5. After the shore end is laid by the IVilliamCory, and buoyed, if the weather is fine she will o il t lre i r re remain by the buoy, and the Alba n y will return Bere haven for the Great Eastern. G. Upon commencing to lay the cable from the Great Eastern, the position of the Terrible will be ahead of the Great Eastern, on the port or starboard bow, io keep other vessels out of the course, and the Medway will be on the port, and Albany ;on the starboard quarter, in readiness to pick up or let go a buoy, or other work as may be signalled from the Great Eastern. 7. All the accompanying ships to keep their allotted positions, and within signalling distance of the Great Eastern. 8. The speed of the ship over the ground, in paying out the cable, should in no case exceed six knots per hour. 9. In laying the cable of 1865, the average slack paid out through the deep water was 15.6 per cent., at au average speed of ship of 6.34 knots per hour, and with a strain ranging from 10 to 14 cwt. 10. The total length of cable taken out this year being 2,724 miles, it will be seen from the following estimate that 764 miles will be left to complete the line, 1865: Distances. Cable required. Shoal Deep hoe p r. Water. Wate r . Cent. r 'Slack.cent. a r I I If° e , el , e Slack. Valentia to Heart's Content 1,670 1,960 ISM—Valentin to end of Shoal Water, let. 54 deg. 21 min., long. 14 deg 40 min 164 '-- 175.5 Deep water — 1,333 1,599.5 Heart's Content to end of Shoal Water, lat. 49 deg. 17 min., long. 49 deg 40 min 173 185 Totals for line of 1866 Distance 1,670 miles. Cablel,96omiles 1865. —From the end of eaLle of 18G5 to licart's. Content 173 427 185 1 512.5 Totals for line of 1865 Distance GOO miles. Cable G97.smiles Taking this 697.5 miles from 764 we have 66.5 miles of cable left, and the cable of 1865 must therefore be grappled and spliced within this distance from the end. 11. In the event of any unforeseen occurrence in laying the cable of 1866, by which the cable could not be recovered in the deep water, it becomes necessary to fix upon the length remaining on board with which it would be prudent to start again from the point lat. 52 deg. 51 min. N. long., 14 deg. 40 min. W., or 164 miles from Ireland. Taking the figures in the previous paragraph with 20 per cent. of slack through the deep water, and 7 per cent. through the shoal water, the length of cable required between Ireland and Newfoundland is 1,960 miles ; this taken from the total length 2,724 miles, leaves 764 miles which could be payed out, and yet have sufficient cable left to begin again if an acci dent happened at that place; but as the cable can be grappled in between 200 and 300 fathoms depth at lat. 52 deg. 21 min. N., long. 14 deg. 40 min. W., this would give 175.5 miles to be added to the 764 miles, making 939 miles, which might be payed out and yet have sufficient cable to commence again at the above position and reach Newfoundland; but, in deciding upon a point of such importance, I con sider a larger margin ought to be allowed, and should not therefore advise re-commencing at the end of the shoal water if more than 130 miles had been payed out when the end of the.cable was lost. In the event of such an occurrence the expedition must first return to Berehaven, or some other port, where the cable can be transhipped from the Medway into the Great Eastern before making another attempt. 12. The disconnecting gear on the Great Eastern should be tried ou the passage round to Berehaven to ascertain how she will answer with both paddle and screw. 13. Iu case of a fault being discovered a signal from the testing-room will be immediately made by gong to the bridge and paying-out machine to reverse the engines, and by electric bell to the coil, and as soon afterwards as possible, with safety to the cable, to commence hauling back. 14. Should a fault occur, a buoy, placed ready at or near to the stern, will be immediately attached to the cable to buoy up the bight. The ship would then be kept as near this position as possible, and other buoys can be attached at intervals, if necessary ; and if the weather is such that, from the drift of the ship or other causes, too much cable is being lost, and it is necessary to cut the cable, the end will be moored and buoyed with a large ocean buoy. The latitude upon which the cable will cross each degree of longitude to be given to each officer in charge of the Medway and Albany, in order that, should the ships part in a fog, any ship having missed the Great Eastern, can steam ahead to a meridian where she can be sure the Great Eastern cannot have reached, then steam slowly back, with the view of picking up with the Great Eastern, which may be engaged recovering a fault. Both Marryat's and Colomb's signals to be used, the latter method having been already applied to the codifying of all probable signals. At any time the Great Eastern may be heard firing guns, it is to be understood by the accom panying ships that they are desired to close with the Great Eastern. In case of fog on approaching the Newfound land coast, the Terrible will keep close ahead to the Great Eastern, and direct the latter to alter course, by firing one gun to port helm, and two guns to starboard same, three guns, danger ahead. If the Great Eastern fires one or more guns, attendant ships to close in with her. If, when near the land, our position or Trinity Bay cannot be ascertained on account of the fog, and the weather is calm, the Great Eastern can be kept nearly in her then position with the cable ; or if, for the safety of the ship, it is necessary to keep further from the land whilst the fog lasts, the cable can be cut, moored, and buoyed, and watch buoys put down to facilitate in finding the cable buoy. This could also be done should a gale of wind be blowing up Trinity Bay, or whilst making the splice, so that it may be considered dangerous or unadvis able for the Great Eastern to go nearer the land. As soon as the Terrible has taken in coal she will proceed with the Albany to the position about one mile from the end of the cable of 1865, and place mark buoys for guidance in grappling. The Med way and Great Eastern will follow as soon as they have coaled; but should they not join the Terrible and Albany by the time they have placed the mark buoys the Albany will proceed to grapple for the cable, and if she succeed in grappling it she will lift it as far as possible without approaching the break ing strain, she will then buoy the grapnel rope, and t grapple nui ng t f h o i s r s t h h e e m c a a b y l e s u a e g e a e i e n d ifurthern g o n t h . e B b i y g h e t o n o r an end to the surface, and buoy it in readiness for the Great Eastern. Should the Great Eastern and Medway arrive be fore the bight or end of the cable is grappled or raised, they will take up their position and commence grappling. If the three ships are grappling for the cable at the same time their relative positions will be—Med way to the west, with the greatest lifting strain, the Great Eastern in the middle, and the Albany to the east, with the least lifting strain; so that if the cable is broken by the Medway the end will be secured either by the Great Eastern or the Albany. The ships will be provided with grapnels both for breaking and holding the cable. e If the ships u have a v soe as hol t a c teo,s Luy i pf f rfr Au: ooae t spiAni h v see : :,:i‘t, c bt uNaeabt Managing g d gasys e tsDoi a cupi g o;liba a ley gale of Director. oeoyo case rdf f s placed to assist in sighting the grapnel buoys,• r tfrwhoaeirinssidbb (Signed) pi buoying I springs'i : e ne r d g e cable driven e sg SAMU E L a al P i w u en (Approved) R. A. a SATURDAY, July 14. Course during the night N.W. by W., wind W.S.W. to W.N.W. A homeward-bound steamer passed us about 11.30. About 2 a.m a message arrived from Valentia for Mr. Canning from Mr. Glass, intimating that at a meeting held yesterday on the island, at the instance and at the in vitation of Mr. Henry Bewley, of Dublin, and of Mr. Bevan, of London, for the purpose of invoking God's blessing on those engaged in the undertaking, the warmest sympathy was expressed towards all on board the Great Eastern. A reply was sent by Mr. Canning thanking Mr. Glass for these good wishes, and conveying the intelligence that everything was progressing most satisfactorily, and that the greatest confidence was felt in success. The paying out machinery is working to perfection. The cable comes up from the tack with great ease an d f ac ilit y. Th e ca bl e - watc h are clothedd this expedition i n canvass d resses , w hi c h fit over their or i_ nary clothing. They are fastened from behind. The officer in charge is clothed similarly to the men. The Terrible, Albany, and Medway aro keeping their alloted position. _ _ Weather fine ; smooth sea. At noon, ship's time, we wore 135.5 miles from Valentia and 1,533.5 from Heart's Content. Had payed out 144.58 miles of cable. Let. 52 deg. 0 min. .5 sec. ; lung. 14 deg. 0 min. 3 sec. SUNDAY, July 15. All through yesterday tho paying-out machinery worked so smoothly, the electrical tests were so perfect, the weather was so fine, that fresh confidence in the ultimate result has been naturally inspired. The recollectiou,how ever, of tho reverses of the expedition of 1865 is always before those who have the greatest reliance in success; and there is a quiet repose about the manner of the chief prac tical moil cat Ward, au carueA that they will not 100 at{ 20 2011 10 100 f 204 204 100 100 131 4 IC2I