The Sun. — London, England, 1866-09-22 00:00:00

RAILWAY INTELLIGENCE. NORTH BRITISH. The chairman of this company, Mr. Richard Hodgson, has issued a circular to the shareholders explaining the course he and the board had adopted in the interests of the company, with a view to esta blish the Waverley route portion of the undertak ing. No sooner was the route from Edinburgh to Carlisle opened throughout than every possible obstruction was thrown in the way of its use. Through rates, through invoices, and through car riages were refused; traffic consigned to it was di verted systematically to the rival line ; and after upwards of £1,068,000 had been spent upon it (in dependently of the cost of the Border Counties Rail way to Hexhani), it was doomed to be a dead weight cn the company's hands, unless it could be forced into recognition by those companies who ought to have been, and he believed now would be, competi tors for its favour. It became therefore a necessity to establish a system of trains, in point of quality and cost, in excess of even the natural requirements of the traffic, if fairly encouraged by foreign com panies, and greatly in excess of the traffic acquired; and hence from the first an inordinate amount of workingexpenses in all departments was incurred in the unequal struggle of competition. But this would have worked a cure; traffic was thus attracted in spite of the unfair obstructions in its way—the com petition did becomeformidable; and then the notable device was adopted of crushing the growing influence of the Waverley route by the exercise of a power under the Clearing-house Act, to place every shilling of its earnings in connection with the forbidden traffic in suspense. The North British could not be prevented from carrying, but they were not to re ceive a penny of the freight; the only escape from this tyranny being to leave the Clearing-house as a company altogether, and thus give a colour and ex cuse to the refusal of through rates. But the North British directors were not intimidated ; they deter mined to obtain, by the establishment of steamboat communication with Liverpool and other places, the participation in through traffic, which they knew to be essential to the remunerative working of the west ern part of their system; and although this also en tailed an expenditure in working traffic, unjustifiable in other circumstances, they did not hesitate to incur it, as a means of upholding the existence of the Wa verley route, well knowing that if the traffic were once lost it never could be regained. Further, the object in view, however important, could not be realised without a corresponding series of trains north of the Forth, under IN orth British control, and likewise in character, speed, and consequently in expense, superior to what would have sufficed un der less exceptional circumstances. The Midland Company handsomely seconded the efforts of the North British, but in competition with the Caledo nian and the London and North Western, it was absolutely indispensable that the natural imperfec tions of the ferry route between England and the north of Scotland should be balanced by extra effi ciency of service in other respects. He had endea voured to establish, first, that the Border Union line being once constructed, it was absolutely necessary to make it effective for the purposes of through traffic between England and Scotland ; and, secondly, that to do this with anything like an ordi nary rate of working expenses was impossible. Th e only alternatives were to place a portion of the ex penditure in suspense, or debit it at once to capital. The Border Union Railway was opened on the Ist July, 1862 ; its struggle for independence termi nated successfully on the 28th July, 1866. He ex plained that the effect of these efforts and the course adopted had been to place in suspense account £200,000. He held that, under the circumstances, the extraordinary outlay in establishing the right of the Waverley route was just as much a portion of original or capital expenditure as the construction of the line itself. He proposed that this sum in suspense should be dealt with by setting it against the value of the company's surplus property not actually used for railway purposes—the value of which was estimated at upwards of £200,000, and as from time to time portions of this property were sold off to apply the proceeds in liquidation pro tanto of the debt in suspense. In conclusion, he felt bound to place his seat at the board in the hands of the shareholders, expressing his sincere belief that a year's patience would prove that the company's affairs were no subject for despondency, and that the objects of the policy of the last ten years having been attained, and the lavish expenditure in Parlia mentary contests at an end, every half-year would show an improvement. GRAND TRUNK OF CANADA. The report of the directors of the company states that the gross receipts upon the whole undertaking including the Buffalo and Champlain lines, had been £637,425, from which was deducted £403,419, or 63-29 per cent., for ordinary expenses, and £26,286 for renewals of the permanent way and works in the half-year, all of which had been debited to revenue, leaving an available net balance of £207,720. Out of this was deducted £28,286 due to the holders of postal and military bonds, £14,264 for discount on American currency, £16,087 for interest on certain loans, £32,786 for Atlantic and St. Lawrence rent, £11,250 rent of Detroit line, £10,523 interest on equipment bonds, £35,920 for Champlain and the Buffalo proportions of receipts, £58,355 for interest in full on first preference bonds and stocks, and £4B short charged on second preference bonds and stocks in previous accounts, leaving a balance of £2OO for next account. The gross receipts and the net balance in the half-year were in each case the largest ever earned in the June half of the year. The gross receipts (£637,425) exhibited an increase over those of the corresponding half of 1865 of £22,549, or 3.65 per cent. The sum of £lB,BlO of this increase was payable to tfie holders of postal and military bonds, and did not augment the net revenue available for preference bonds and stock interest, but it was satisfactory to know that so much revenue had been earned, notwithstanding the serious loss and disturbance, and suspension of all business caused by the threatened Fenian invasion in March, and the actual violation of the soil of her Majesty's dominions which took place in June last. All shades of political opinion had borne testimo ny to the invaluable services rendered in these tryin g times by the Grand Trunk Railway Company. The Reciprocity Treaty expired on the 17th of March last, and the directors watched with anxiety the results upon the traffic and the net revenue following so large a change in the course of Canadian trade. It was satisfactory to state that, notwithstanding the Fenian raids the traffic of the 15 weeks from March 17 to June 30 showed only a small decrease under that of the corresponding pe riod of last year, while the receipts in the nine weeks from Julie 30 to September 1 showed an increase of £8,224 over the corresponding period of 1865, when the treaty was i n f u ll o p era ti on. Th e resu l ts of the fall or autumn trade would further show how far internal could supply the want of an international interchange of the products of the soil, and would also exhibit the results of the new demand from the lower provinces for the flour and grain of Upper Canada. The ordinary working expenses showed an increase of £ 6 , 3 93, or at the rate of 1.16 par cent. as the cost of earning t hetraffic increased of 3.65 per cent. The lo ss on American currency of £14,264 during the past half-year co rasted favourably with in the t the loss of £35,849 caorresponding half of 1866. The loss from American currency from the, year 1862 had been £228,556. The price of gold during the half-year had fluct uatedbet 3 w o e h e a n v t . he r ates of 125 and 166 ; the price of June been 153. The net debit to capit a l account in theg half-year was only 4,000. The dir ec t ors proposed, providing for all bankers' charges, interest on loans, land rents, the lease rents of the Atlantic and St. Lawrence and Detroit lines, the equipment mort gage interest, and all the proportions due to th e Buffalo and Champlain Companies, to pay a c as h dividend on the first preference bonds, which would absorb £58,335, and leave £2OO to be carried over to next account. The interest on the first preference bonds and stock would be payable on and after Oc tober 15. By the Arrangements Act, ISO, the in terest not paid in cash for the June half-year re mained undealt with until the close of the December hail -year. her Majesty's provinces on the American continent having concurred through their Legisla tures in the basis of a general confederation there could be little doubt that early next session this great measure would be completed by the legis lation of the imperial Parliament. The bill for en abling the fusion of net receipts between the Grand Trunk and Buffalo and Lake iluron Companies re ceived the assent of the Governor-General in Council on the 15th of August. The bill would be submitted to the proprietors at a future special meeting. It would be satisfactory to those who had waited so long and patiently for a return on the large capital invested in the Grand Trunk Railway to know that, despite every cause of embarrassment and anxiety, the undertaking was steadily improving in stability and income, and now fully demonstrated its necessity and value to British North America as a great highway of communication both in times of peace and war. The capital account to the 30th of June showed j that £17,025,387 had been expended, leavino t: , a ba lance of £530,242. ILLINOIS CENTRAL. The financial statement of this company for the month of August showed that 10,513 acres of land had been sold in the land department during the month for $120,972 ; and that the cash collected in August amounted to $193,848. The total traffic receipts on the company's railways for the month of August amounted to $586,074, and for the same month in 1865 to $661,190, showing a decrease of $75,116. ATLANTIC AND GREAT WESTERN. The traffic receipts on this company's lines for the week ending the 31st of August amounted, on 507 miles, to $156,642, and for the corresponding week last year, on 490 miles, to $177,114, showing a de crease of $20,472. The total receipt from Ist Jan. to the above date amounted for passengers to $875,735, for freight to $2,613,800, and from other sources to $124,543, total $3,614,078, against $3,259,261 for the same period of 1865, showing an increase of $351,817. SMYRNA AND CASSABA. The traffic receipts on this company's line, 61 miles in length, amounted for the week ending Sept. 2 to £992. MAURITIUS. The receipts on the Government lines, 65 miles in length, for the week ending Aug. 5, amounted to £1,559 against £698 for the corresponding week last year on 31 miles of railway, showingan increase of £B6l in the receipts. For the week ending Aug. 12 the receipts amounted to £1,693, against £Bl5 in the corresponding week of last year on 31 miles, showing an increase of £877 in the receipts and of 31 miles in the length of the railway. Ralway Traffic Returns for the Week. Mlles Opened. Reoelp;s. Railways. 1863. 1866. 18136 18C5 .€ t Belfast and N. Counties 9)l 99. 2,172 2.091 Belfast and Comity Down 49 49 7:1 671 Blyth and Tyne 2O 20 2,619 2,204 Brecon and Merthyr Bristol and Exeter l2ll 1211 8,532 7,5: 4 Caledonian, Scottish Central 4171 408 31 . 135 35,537 Cambrian Cockermouth K & Penrlth .. 314 314 5 2 441 Cork and Bandon 2O 20 4 0 423 Cork, Blackrock, az Passage 221 V 260 2 7 Cork and Youghal Cornwall 654 651 1,976 1.913 Deeside Do Extension Dublin & lkelfast J unction.... 63 63 1,597 1.719 Dublin and Drogheda 75 75 1.845 2.064 Dublin and Meath Dub. & Wicklow and Wextd lO6 106 3,014 3.791 Forth and Clyde Junction Furness, &c B5 85 5,0 z? 4,675 Glasgow & South-Western Gt. Eastern,Nrfk.,&E.Union Great Northern 422 104 44,301 45,333 . Great North of Scotland 5B 58 2,121 2.729 Gt. Northn. Weatn.(lrel.) B2l 711 615 627 It.Southn. & Westn.(lrlnd.) 4192 387* *0 5!7 10,718 Great Western l2Bo 1270 78.861 76,1169 Highland ... 246 216 5,839 5,1.6 Irish North-Western 145: 145 2.101 2,036 Lancashire & Yorkshire 403 403 48,323 45,320 Limerick and Ennis..... 241 24 201 204 Limerick and Foynes Llanelly 461 461 651 701 Llynvi Valley London & North-Western London & South-Western Loud. Brighton, &B. Coast 29l{ 267 i 26,180 2 , 049 London, Chatham, & Dover ; 1135} 12.1 12,13 13.1.0 j all Metropolitan Extension ( 12 12 2,251 2. , 30 Do. Kent t oast Lon., Tilbury, & Southend Man..Slieflield,& Lincolnsh Manch. S.J un.& A Itrincham 9} ot 1,18 • 1,50; 11aryport and Carlisle Metropolitan Midland (incl. N.-Western) 677i 663} 5 075 55,06 Midland Gt. Westn. of Irlnd 2Ol 2601 4.955 3 u 23 Nlonmoutlish. Rail. & Canal 44 44 2.671 2.831 North British, Edin., Pertti and Dundee . N-141astern and Stock. DarL 12071 1171} 76.434 75,314 North London ll 3► 4.531 North Staffordshire 258 258 8,703 8.4 9 Pembroke and Tenby ll4 111 273 17d ltliymney 221 191 1,194 1,046 Scottish North-Eastern 143 138 3.i'36 1, 28 Somerset and Dorset 66 66 1,108 1,.. 8 South Devon South-Eastern 315 308 29,871 30 813 Tuff Vale O3 61 6,397 1,874 Ulster Vale of Clwyd Waterford and Kilkenny ...,• 31 31 4!8 516 Waterford and Limerick W'haven,Cleator,& Egrmnt lO 10 717 672 ronEIGN AND COLONIAL. Austrian B2B 828 46.486 41.579 Bahia and San Francipeo Belgian 141 astern J unction._ 26 3 / 4 26 3 / 4 _ Bombay, Daroda, &1. fn. India 306 300 6,476 2,88 Detroit and 3lilwaukte Dutch Rhenish lOBl It 81 6,241 7 943 Eastern of France ........ 1665 1551 84,6.5 83.915 Eastern Bengal East Indian Grand Trunk of Canada 1377 1377 27,75.1 27.467 Great Centrai of Belgium 285 245 6,4 3 7,610 Great Indian Peninsula...., 7OIY 590 14,2 0 10,833 Great Luxembour g Great Southern of India ..„ 76 79 851 650 Great Western of Canada.,., 343 345 13,6.5 16.644 Madras 6ll 671 7.597 7,6 9 Madrid. Saragossa &Alit:ant 778 713 17,284 18, 0. Northern of Canada .., .. 9 3 / 4 91 1,910 1,7 .7 Northern of France ... 764 724 Oa,' 77 67.597 Norwegian Trunk .......... 44 44 l',:1:;0 i,026 Ottoman Paris, Lyons, & Mediterrn 2006 20 6 1:./,518 149,784 Paris and Orleans ......... . Recife and San Francisco. &c 77,1 77y 1,2 k 767 Scinde.... Do. Punjab, &c 253 2 - .3 1,259 1,2.2 South Austrian. &c ........ Southern of France 9OO 823 15,240 35 775 Victoria Welland ........ 25 25 95 87i West & N-Wn. of France .. 1155 1016 70, 53 57, SI September 19.) THE .SUN, LONDON, SAT URDAY EVENING, SEPTEMBER 22, 1866. ceived previously, $26,518,480. Since January 1, 1866, $27,861,313. EXPORTS.—For week ending Sept. 1., $303,912 ; pre viously, $53,091,088. Since January 1, $53,395,000 ; same time 1865, $20,338,105. (From E. F. Satterthwaite and Co.'s Weekly Circular, By the " Persia," our advices from New York are to the 4th inst. The Stock market was inactive, and prices generally for Railroad Stock a shade lower. In State Stocks and Railway Bonds the business was very limited, and no alteration of moment in quotations was reported. For Government Securities there was a good demand, and they were well supported. Gold exhibited a declining tendency. Money easy at former rates. It is interesting as well as satisfactory to observe bow rapidly the Southern States of America ate proceeding with the restoration of financial and social order. Theil railways are being, or rather have been, to a great extent reconstructed. State obligations existing prior to the war are recognised, and arrangements made for future payment of interest, and the old banking institutions are being re established. As proof of the above, we note that the con version of the Bonds of the State of Tennessee, referred to in our circular of the 14th March, has been carried out, and the first Coupon on the new or converted issue of Bonds was punctually paid on Ist July, and a like arrange ment is being made for the resumption of payment of inte rest by North Carolina, and is anticipated with regard to Virginia. To some of our friends, the New Orleans Canal and Banking Company was, before the war, well-known as a prosperous undertaking ; we are glad to learn that ar rangements have been made by this Company to resume payment of dividends, and it is confidently anticipated that they will be enabled to continue to do so semi-annually. The nominal value of the shares of the Company is to be reduced from $lOO to $5O each. The last statement of the Bank of Louisiana gives a very favourable report of the progress of liquidation, and quite encourages the hope that there will be considerable surplus assets for Shareholders, and that it is not impro bable the business of the bank may be resuscitated. ATLANTIC AND GREAT WESTERN RAILWAY. New York Division Second Mortgage Bonds. Pennsylvania do. First do. do. Ohio do. First do. do. Interest payable in London, Ist October, 1866. The Coupons from the above Bonds will be paid on and after Monday, the Ist October, 1866, and must be left two clear days at the office of the Company, 5, Westminster Chambers, Victoria-street, Westminster, for examination. If sent by post, a cheque for the amount will be remitted in course. The Drawn Bonds of the New York Division, Second Mortgage, will also be paid off at par, on the same date, in conformity with the terms of issue. ATLANTIC AND GREAT WESTERN RAILWAY. We are informed that the traffic returns on this line for August reach quite $529,000, and for the first week in September the earnings are $157,000. This, in the face of the falling off in passenger receipts from prevalence of cholera, is very gratifying, and places the payment of inte rest on the bonds of the Company beyond question. The usual fortnightly settlement in American securities which has occurred since our last showed that a large amount of the 5-20 Bonds recently imported were still on the market ; this has naturally tended to check any further improvement in them, and the closing quotation, 72} to 1 7 is a shade lower than this day week. Illinois Central Shares have been neglected, but for Eries there has been an active demand for shipment to New York, and on the week they exhibit an improvement of $2, the last price being 47 to f. Atlantic and Great Western Debentures have advanced 2 per cent., and for the Consolidated Bonds, which are steady at 49 to 50, there is a continued demand for invest ment. For some other Railroad Mortgages, such as De troit and Milwaukee, the Atlantic and Great Western (Ohio) First Mortgage, there is also decidedly an improved inquiry. OFFICIAL TRANSACTIONS FOR THE WEER.—United States 6 per Cent. 5.20 Bonds, 1882: Thursday, 721 -11 Friday, 721 i 3121 ; Saturday, 721 s 1; Monday, 721 I; Tuesday, 72} i ; W e d nes d ay, 721 I. Virginia 5 per Cent. Sterling Bonds • Thursday, —. Virginia 6 per Cent. Dollar Bonds: Thursday, Friday, —; Monday, 45 ; Wednesday, —. Atlan. and Gt. Westn. (N. Y. Sect.) Ist Mrt. Bonds, 188( Friday, —; Tuesday, —; Wednesday, Atlan. an d Gt. Westn. 2nd Mrt. Bonds, 1881: Friday, —; Saturday, —. Atlan. and Gt. Westn. (Penns. Sect.) Ist Mrt. Bonds, 1877: Thursday, —; Tuesday, • Atlan. and Great Western Consolidated Bonds, 1895: Thursday, 49 50 ; Friday, 491 : 1 501 ; Saturday, 50 I; Monday, N 491 50 ; Tuesday, 50 491 501 ; Wednesday, 491 50 491. Erie Shares, $lOO, all paid : Thursday, 45i ; Friday, 46 ; Saturday, 46 1 ; Monday, 46} 1 ; Tuesday, 47 ; Wednesday, 471 7. Erie Shares, 6 per cent. Convertible Bonds: Friday, x.e. ; Tuesday, 701; Wednesday, x.c.. Illinois Central 6 per Cent. Bonds of 1875: Thursday, 83 ; Monday, 83. Illinois Central 7 per Cent. Bonds of 1875: Monday, 691. Illinois Central Shares, all paid : Thursday, 791 ; Friday, ; Saturday, 78i ; Monday, ; Tues day, 781 1 ; Wednesday, 781. Philadelphia and Erie First Mortgage, 1881: Friday, —; Saturday, —; Tuesday, —. Philadelphia and Erie First Mortgage, 1881, with option to be paid in Philadelphia : Saturday, —. Pennsylvania Second Mort. Sterling Bonds, 1875: Tuesday, —. WILLS AND BEQUESTS. (From the Illustrated London News.) The will of the Right Hon. Henry Charles Noel, Earl of Gainsborough, of Exton Park, Rutlandshire; Barham Court, Kent ; and 17, Prince's-gate, Ken sington, was proved in London on the Bth inst., by the sons and acting executors, Earl of Gainsborough, the Hoc. Henry Lewis Noel, and the Hon. Roden Berkeley Wriothesley, power being reserved to Dowager Countess Gainsborough, the relict of the Hon. Gerald James Noel, the son, and the Earl of Roden. The personalty was sworn under £40,000. His lordship executed his will on July 5, 1862, and added eight codicils, the. last dated March 23, 1866 ; and he died on June 10 following, at the age of 85. having • married four times, and had issue eight child ren. His lordship was the eldest of 18 brothers and sisters. His lordship has bequeathed to his countess the furniture, pictures, gm,at his tow n res id ence , an immediate legacy of £l,OOO, in addition to all other provision, and the use of his plate ; and subject to and, an p d as all sed other plate with such use he leaves the plate k nown as the Bou verie plate, the Middleton plate w e h l i e c s h ta h t a e s s, be t c o n h i i n s tehledefsatmislyonand heir t o th e , theNe title and estates, whom he appoints residuary legatee of both real and personal estate. It is understood that the bulk of the old and extensive family estates devolve by entail upon the present earl , with the usual provisions for the dowager countess by way of jointure and for young children's portions. It is his lordship's expressed wish that his s uns, Gerard and Henry, should represent his New River shares as directors of that company. Provision is made for each of his children. There are a number of small legacies, in which the serva n t s are included. The will of Lieut.-General Thomas Henry Paul, of the Bengal army, of 4, Melcombe-place, Dorset square, was proved in London by the acting execu tors and trustees, Thomas Eld Baker, Esq., Por chester-terrace, and A rthur John Baker, Esq., Mon mouth-road, Bayswater ; the other executor and trustee, Henry E. S. Rudgerd, Esq., the nephew, having renounced. The personalty was sworn under £35,000. The will is dated January 9, 1862, and two codicils 1862 and 1865, and the gallant general died June :19, 1866. He bequeaths to his daughter, Mary Paul, his residence and furniture, together with the cash at his bankers' and a life in terest in his personal estate, which, after her decease, is to be equally divided between his nephews and niece ; and bequeaths to each of his executors a legacy of £lOO, free of duty. The will of Charles Hood Chicheley Plowden, Esq., of York-street, Portman -square, was proved in London, on the Ist inst., by his relict and his only son, Charles Chicheley Plowden, Esq., his only da ug ht er, power being reserved to Harriet, The personalty was sworn under £14,000. The will is dated Feb. 25, 1862. and he died July 21, 1866, at the age of 70. He has bequeathed the whole of his property, real and personal, to his wife for her life, which after her decease will devolve to his son and daughter. Mr. Wm. Urry Crocker, late of Lee Park, Black heath, Kent, has left the following charitable be quests :—To the British and Foreign Bible Society, £100; and a like bequest to the Church Mission for Africa and the East, to the Church Pastoral Aid Society, to the Irish Church Missions for Promoting. the Education and Religious Instruction of the Na tive Irish through the Medium of their own Lan guage, to the Irish Church Mission to Roman Ca tholics, and to the Bath United Hospital. AMERICA. (By Atlantic Telegraph.) NEW YORK, Sept. 19 (Evening). Gold, 145 k. Exchange on London, 155. Five-Twenty United States' Bonds, 111 i. Sept. 20 (Evening.) Gold, 144 f. Exchange on London, 154. Five-Twenty United States' Bonds, 1111. Cotton—middling upland, 33c. The prospects of the cotton crop are said to be very bad. MISCELLANEOUS NEWS. The State election in Vermont was carried by the Republican party, as well as the State of Maine and the City of San Francisco. The people are thus replying to the President's electioneering tour. We trust they will speak decisively either one way or the other—so clearly and distinctly that the con tending parties must bow to the decision. America cannot afford to have her time wasted and her pro spects darkened by this fierce party strife. It is impossible for us in England to appreciate the full weight and bearing of the questions—but the Ame rican people do. We hope soon to hear them speak out-and enforce moderate measures. General Butler has been nominated for Congress in Massachusetts. The Democrats have carried the territory of Idaho, and nominated George H. Pendleton for Congress in Cincinnati. The Philadelphia correspondent of the Times calls attention to the fact that the Rev. Henry Ward Beecher, though such an uncompromising supporter of the war, is now foremost amongst the President's friends in advocating a conciliatory policy towards the South. He has recently written a letter advo cating the admission of the Southern members to Congress, and the complete restoration of the Southern States. llenry Ward Beecher's reputa tion (the Times' correspondent proceeds) as an emi nent clergyman is as well known abroad as at home, and he champions the President now with as much zeal and fervour as he fought slavery in the past. He embraces the new cause, too, in spite of the frowns of a large portion of the members of Ply mouth Church, who threaten to "secede" if he does not renounce such heretical doctrines. Beecher, however, can be as stubborn as any of them, and, feeling that he is right in his choice of political prin ciple, will bid them God speed in their " secession." The Convention of Southern Loyalists have orga nised a party to proceed in the footsteps of the President, with the object of neutralising the effect produced by his tour. Preparations have been made in several of the towns for the reception of the delegates. COMMERCIAL INTELLIGENCE. NEW YORK, Sept. 8. Gold is lower, closing yesterday at 146. There is not a disposition to speculate for an advance, for the feeling is general that the imp'rts of specio will be considerable. Government stocks aro all lower. In State Bonds little is doing, except in Tennessee, at prices which make them a good investment. Railway Bonds dull, but Bank Shares are in demand at full prices, and in Miscellaneous Shares there is a moderate business. There is much irregularity in the Railway Share Market. The traffic on the New York Central is very great, more business offering than the accommodation can supply the means of transit for. The Tribune of yesterday says that Reading is less active. There are a good many shortcontracts in this stock, based upon the anomalous condition of the coal trade, and prices are mainly supported by purchases from thebears. Michigan Southern was steady, and Rock Island higher. After the call the market was steady, and upon the active shares higher. Chicago and Great Eastern sold at 451 to 451. At the second board the market was strong, and the loading shares were in demand. The market closed firm at quota tions :—New York Central, 1031 to 1034 ; Erie, 701 to 701 ; Hudson River, 120 to 121 ; Reading, 114 to 1141; Michi gan Central, 111; Michigan Southern, 831 to 831; Illinois Central, 122 to 1224 ; Cleveland and Pittsburg, 864 to 861; Cleveland and Toledo, 114 to 11417 Rock Island, 109 to 1094; North Western, 354 to 351; do. Preferred, 661 to 661; Fort Wayne, 104 to 1044. The tunnage of the Reading Railroad is 77,000 tuns for the week, a decline of 27,000 tuns. In money no change. Call loans are quoted at 4to 5 per cent. In commercial bills sales are made at 5 per cent. for best, 51 to 6 per cent. for good, and 7 per cent. for fair credit'. There is a continued good demand for currency from the interior, and no pressure of National Bank notes upon the street. Sterling exchange is quoted at 106 for strong bills at GO days, with sales reported at 1054. At present rates gold pays a handsome profit to import, and quite considerable sums may be expected during the current month. The following are the current rates :—London, prime bankers', 60 days, 1054 to 1064 ; London, prime bankers', sight, 1064 to 1071 ; London, prime commercial, 1044 to 103 ; Paris, bankers', long, 5.371 to 5.334 ; Paris, bankers', short, 5.33 to 5.30 ; Antwerp, 5.40 to 5.33 ; Swiss, 5.40 to 5.35 ; Ham burg, 354 ; Amsterdam, 40 to 401; Frankfort, 394 to 40 Bremen, 77} to 77f ; Berlin, 70 to 70f. The receipts of the Sub-Treasury were :—Receipts, $1,711,065 32—for Customs, $601,000 ; payments, $1,354,934 50; balance, $83,996,776 59. Gold notes $140,000. (From L. P. Morton and Co's. Circular.) NEW Your., Sept. 8. Per steamer "New York."—We have still to report a continuance of extreme ease in monetary affairs. The recent largo disbursements of the Treasury, in redemption of the Temporary Loan, have augmented the supply of capital seeking employment, and the general rate on De mand Loans is 4 per cent., and on discounts of prime paper 5 to 5i per cent. The Statement of the Public Debt, for September let, 1866, shows a reduction of $37,416,108 during last month, and a decrease of $161,570,107 as compared with August Ist, 1865. Owing, however, to the decline in Gold, and an enlarged supply of bonds from the interior, drawn out by high prices, United States Securities have not improved in sympathy with this favourable exhibit of the public finances. Five-Twenties of 1882 have declined during the week from 112 k to 111, and close at 111 f. Other National Securities are similarly lower. The general stock market has been lower, under specu lative efforts to depress prices ; but at the close of the week there is more disposition to buy, and prices are generally firmer. Erie has declined, under speculative pressure, to 691, but subsequently recovered and closed at 701. Illinois Central has yielded, in sympathy with the general tone of the market, to 122, but closes firm at 1221. State Stocks have been generally firmer, especially Tennessee 6's and Missouri 6's. The following are the closing quotations—Tennessee 6's, 1890, 92 to I ; North Carolina 6's, 83 to a ; Virginia 6's, 70 ; Missouri 6's, 77} to 79. The tendency of the Gold premium has been downward, apparently in consequence of the export of Gold from England and France to the United States, and perhaps more from the disbursement of the September interest on Ten-Forty Bonds. The premium has ranged between 147 and 144 and closes at 146 i. Foreign exchange has exhibited more activity, but without any appreciation of rates, the supply of bills being etill much in excess of the demand. The closing rates are for bankers' 60 days Sterling 105; to 106 ; Bankers' sight do. 1061 to 107 ; Francs 60 days, Bankers', 5.38 i to 5.331, do. short sight, 5.35 to 5.311. Cotton has been more in demand from home spinners, and the market has been steady. The movement for ex port has been limited. Mid. Uplands closes at 321 1 to 33 Sept. 4th, amo un t to 6,000 bales, and cen ts. Tho receipts of cotton to a ll th e ports, reported for period, to 10,000 b ales. the tho e vi x e p e o k r t s for t e nding h e same FOREIGN QUOTATIONS. Sept. 7. August 31. London commercial lO4 105 10:31 1041 Do. bankers' long . 1051. 106 105 106 2 Do. 107 106 107 Pa D ri o s . six b t l y tnk d o ny rs s ' short sight - r 4 ~,, 5384 031 a3i, sao, Do. short sight 535 534 533* 5321 Antwerp 5 3 4 5 0 ,3, 5_36;,- 540 35} 5374 Hamburg Amsterdam 4O 401 39? 40 Frankfort . 3 .. 4,- ,. 4( ' 40' 40 Bremen 77i 771 771 11 - 701 Berlin 70 "101: COTTON QUOTATIONS. Uplands. Mobile. N. O. & Ts. Good Ordinary Low Middling 304 to 314 31 to 314 32 to 32), Middling Good Middling MOVEMENTS OF SPECIE AT NEW YORK. ImronTs.---Frora California, Aug. 31, $1,342,833; re- ARRIVAL OF PASSENGERS. BY THE CITY OF NEW YORK, Sept. 19.—Mrs. E. Laf ferty, Mrs. Doolittle, Mr. and Mrs. George Wilenry, Pro fessor Silvester and Mrs. Silvester, Captain Haggar, Rev. P. Conway, W. C. Egeston, Mr. Shiff, Mr. Hugh Kinley, Mr. James B. Sleigh, Mr. S. Van Prang, Mr. John G. Mar shall, Mr. Henry J. Adams, Mrs. Adams and infant, Mr James Armstrong, Mr. B. Howson, Mr. Francis Connolly, Mr. and Mrs. T. Stone and infant, Mr. Samuel Carnock, Mr. H. B. A. Duncan, Rev. P. V. M ( Dermott, Mr. G. Con way, Mrs. Lands, Mr. Lands, Mr. John M. Higgins, Mr. Luther Jones, and Mr. W. L. Jenkins. By THE HIBERNIAN, AT LIVERPOOL, SEPT. 19.—Mrs. Morris, Miss Robinson, Mr. Riddell, Mr. Boyer, Mrs Brown, three children and nurse, J. M'Laughlan, Sydney Smith, 0. Morse, P. G. Labbe, Major-Gen. Dennis, Mr. Jewitt, Col. Ross, Mr.E.ll. Blais, and 36 steerage passengers. By the Hamburg and United States steamship ALLE MANNIA, N. TRAUTMANN, commander, for Southampton, Havre, and Hamburg, Sept- B . —Senor Don Antonio M. da Cudha Pereira do Sotto Moor, Consul General of Portugal to the United States ; Joseph Sattig, New York ; Miss Wilhelmine Rosag, Philadelphia, Pennsylvania ; S. Barn berger, London ; Mr. and Mrs. A. Schlange, St. Louis, Missouri ; Isidor Mundt and John Hammer, New York ; J. B. Kinzinger, Pittsburgh, Pennsylvania Christian Exel, St. Paul, Minnesota; Mr. and Mrs. Theodor S. Pond, Now York ; Charles Mahler, San Francisco, California ; Albrecht von Bardeleben, Mexico; Charles L. Schickedanz, New Orleans, Louisiana ; Miss Pauline Bauer, New York ; Mrs. Anna Marg. Burk, Galena, Illinois ; Jacob Niomann, John Hansel, .Miss Amalie Sattorius, Ferdinand Wrede, Richard Wahle, Miss Margarothe Brockor, and Louis Frantz, New York; Moses P. Page and child, Peoria, Illinois; John Schobol, Illinois; Isidor Rockwitz, New York ; Ernest Steyer, Marietta, Ohio ; Albert Pape, Mil waukee, Wisconsin ; Charles Becker, Pittsburgh, Pennsyl vania; Charles Schrader, Wheeling, West Virginia; Her mann Schipmann, New York; Mrs. Barbara Deuschle, Cleveland, Ohio ; Rev. M. Saunders, Georgia ; Mrs. M. Saunders and three children, Georgia ; Mr. and Mrs. Geo. W. Lotz, children, and nurse, New York ; F. A. Libscomp, New York; M. Towns, New York; A. Plum, jun., Ger many; Miss Ellington, Georgia; Miss M. Saunders, Georgia ; Miss Hill, Georgia ; Miss Patton, Georgia ; Miss Dowdell, Georgia ; Miss Smith, Georgia ; Mrs. Hunt, Mrs. Colquitt, R. Lockwood, C. F. Leaning, Georgia ; H. Beinlein, C. Bradford, Mrs. Palmie, two children, and nurse, New York ; If. Gehrenbeck, Hamburg, Germany ; Mrs. Louisa Wondro, Mrs. Louisa Holzmeiste and two children, Mr. Henry Fevre, New York ; Jacob, Rapp, Warren, Ohio ; Mr. and Mrs. William Bottner, New York ; Mr. Charles F. Keyser, Master Charles F. Keyser, Phila delphia, Pennsylvania; Mr. and Mrs. W. Gunderson, Miss Gunderson, Miss Martha M. Thompson, New York; Henry Holdsmann, M. Hubing, Fritz Dunker, D. S. G. Welber, W. J. M. Wirtz, and 3 children, Carl Goseel, Franz Joseph Muller, G. Louis Tischer, Wm. Gross, Augustus Drabornw, George Thiele, Stephan Elgg, Charles Wolf, C. C. Blobel, Eleonore Sheckel, A. Nahler, J. and G. Warcke. Total, 99. And other steerage passengers. By THE PERSIA, AT LIVERPOOL, SEPT. 15.—Mr. E. T. Welshwood, Miss M‘Laren, Mr. and Mrs. Morris, Miss Paul, Mr. and Mrs. Messenger and two daughters, Mr. C. do Cogigas, Mr. J. E. Gray, Mr. J. C. Rogers, Master J. C. Farthing, Mr. A. P. Mulet, Mr. H. O'Hara, Mr. 11. Morrice, Mr. C. F. Size, Mr. Vibbardt and son, Mr. A. T. S. Martin, Mr. Togaritz, Mr. J. F. Low, Mr. H. Sibley, jun., Miss Strong, Mr. A. Vail, Mrs. W. H. Wad.lell, Mr. C. Westowelt, Mr. C. Fowke, Mrs. Parson and four chil dren, Mr. and Mrs. E. Cowell, Mr. E. Cowell, Mr. and Mrs. C. R. Smith, Mrs. Jones, Mr. and Mrs. Forbes and two children, Mr. M. Boners Mr. R. S. Jones, Mr. J. W. Bruce, Mr. A. C. Clark, Mr. J. Kennedy, Mr. E. Smoth wick, Mr. W. H. Wall, Mr. and Mrs. Eddison and son, Mrs. R.. W. Eddison, child, and nurse ; Miss Dougill, Mr. J. E. Whitman, Mr. J. Hodge, Mr. W. A. Sumner, Mr. J. M. Wilson, Mr. P. Kerr, Mr. and Mrs. Rabbit and two children, Mr. and Mrs. Gilbert, Mr. J. Hickson, Mr. S. Wallace, Mr. J. Fothergill, Mr. T. C. Mitchell, Mr. and Mrs. Eddowes, Mr. and Mrs. Beam, jun., and child, Mr. S. Roctlinger, Mr. J. L. 31uspratt, Mr. and Mrs. W. Quinn, Mr. A. Nunetz, Mr. W. Morice, Mr. B. Walker, Mr. W. Parks, Mr. J. Reid, Mr. a Reimassen, Mr. H. Sent; Mrs. Carabin and son, Mr. J. Ilemins, Mr. E. 11. Michel, jun., Mrs. Ooutsworth, and child ' Mr. C. W. Seely°, Captain E. Brown, and Mr. J. Sleddon. Total 97. Specie on freight, $25,000. BY THE CITY OF NEW YORK, AT LIVERPOOL, Sept. 19. — Mrs. E. Lafferty, Mrs. Doolittle, Mr. G. Henry, wife, and infant, Professor Silvester, Mrs. Silvester, Captain Hag gard, Bev. P. Conway, Mr. W. C. Eagleston, Mr. Shiff, Mr. IL Kinley, Mr. J. B. Sleigh, Mr. S. Praag, Mr. J. G. Mar shall, Mr. H. J. Adams, wife and infant, Mr. James Aim strong, Mr. B. Ilewson, Mr. F. Connolly, Mr. and lam F. Stone and infant, Mr. Samuel Carnock, Rev. P. V. M'Der mot, Mr. George Conway, Mrs. Lands, Mr. Lunds, Mr. J. M. Higgins, Mr. Luther Jones, Mr. W. L. Jenkins. By the s.s. QUEEN, F. GROGAN, master, from New York, Ist September, 18G6.—Mr. Robert Watson, Mr. S. Roberts, Mr. J. E. Wilkinson, Mrs. J. E. Wilkinson, Mr. Robert Wilson, Mrs. Robert Wilson, Mr. J. Sibson, Mr. J. Maury, Mr. Henry Lepont and servant, Mr. and Mrs. T. E. Siffkin, Mrs. Bleigb, Mrs. Buckells and infant, Mrs. Wood, Captain Ferguson, Mr. H. Franklin, Mrs. Jackson, Mr. J. H. Bernarg, and 123 steerage passengers. DEPARTURE OF PASSENGERS. By the Hamburg and American Company's steamer SAXONIA, Capt. E. MEIER, for New York, Sept. 17. Ersto Cajute oberer Salon.—Max Lansburgh, Washington ; Chs. Rock, mit 2 tochtern, New Orleans ; E. Gemunden mit frau, New York; Gottlob Conradt mit frau und 3 kindern, Peru; Herrman Hirsch mit frau, Galveston ; G. W. Rader mit frau and 2 kindern, Now York ; Ohs. Quinlan, Chicago; Jacob Kalb, Frankfort; F. G. Schlesinger, mit frau, 3 kindern, u. domestik, Henry Teichrnan, mit frau, Robert Herrmann, Chr. Meyer, New York ; Elise Bagaley, mit kind, Pittsburgh ; Dr. G. T. Webb, Cincinnatti ; Chs. Dunham, Hartford ; L. Wassermann, New York ; Nettie Falkenberg, Quebec ; Albert Koster, mit frau und 2 kindern, San Francisco ; Wilhelm Stube, Wittenburg ; Fritz Koster, mit frau und kind, San Francisco ; Sophie Herr, Wittenburg ; Bertha Stahmer, Horn ; A. Sartor, mit frau, San Antonio ; August Claussen, Indiana ; Wilhelmine Jaichow, mit 2 kindern, Dora Harm, domestik, Rostock ; Emilie Schwedler, Robert Mayer, mit frau, Dresden ; Emilie Finck, nuckeswageu ; Louise Rothgen, Burscheid ; Elise Lowisohn, Posen; C. C. Hoeg, Odense. Erste Cajute unterer Salon.—W. Schnac kenburg, New York ; Charles Kappauf, mit frau und toch ter, Newark ; 11. Lieber, mit frau and 2 kindern, Indiano polis; Therese Huber, mit 2 kindern, New York; Seraphim Kirchmayer, mit frau and 4 kindern, Lewonsworth ; Catherine Steinhaus, mit two kindern, New York ; Peter Rath, mit frau, New York; W. Wohrmann, New York; August. Hoberg, mit Bohn, Terre Hauke ; F. W. Lind horst, mit frau und tochter, Wisconsin ; Marie Ihne, New York; Catharine Ziegele, Buffalo; Carl Benderoth, New Orleans; Johann Heinrich Addicks, Nov Orleans; Emil 011 sen, Now York ; Jenny Reymert, New York ; C. und Caroline Wandel, Williamsburg ; Theodor Lerch, Cin cinati ; Louis Wulker, 'mit frau, Cincinatti ; D. Danziger, New York; F. Wohlgemuth, Washington ; Heinrich Pohl mann, mit frau und 3 kindern„Hamburg ; Auguste Posener, Schroda ; Jose Singer, mit 3 kindern, Iglau ; Frauziska und Lina Lob, Giessen ; Pauline Singer, Pauliva ; Dora Muhlenberg, mit 2 kindern, Furstenwalde ; Therese Soussaint mit 5 kindern, Furth; Ad. von Weise, Coln; Peter de Roy, Rellingen ; Dora Schwarz, Templin ; Carl Ernst, Holmstodt ; N.. Meyer, Biebesheim ; H. Kraus, Darmstadt ; Betty base, Hamburg ; Louis Stellway, Frankfurt a. M.; Isidor Schneider and Jos. Hammerschlag, Bohm. Leipa ; Wilhelm Tuchmann, Dessau; Marie Oser, Nakel ; D. Thorner, Danz:g ; Andr. Michel, Coburg ; Johann Rosenberg, mit 2 kindern, Camen ; Auguste und Ida Ruhrmann, Witten ; Emma und Marie Dressel ; Hild burghausen ; Doris Wallach, Sulz ; Julius Lear, Iserlolm ; Rosa Thomsen, Hamburg ; Clara Speyer, Zuschen ; Adam Bache, Mainz ; Laz. Ketsch, New York; Carl Oberle, New York ; Caspar Graff, Margarethe, and Katharina, Bonn : Max Schrader, Weimar; Max Baenecke, mit frau und 2 kinders, Milwaukee; Ernst foyer, Milwaukee; Marie Winter, Christiana; Heinrich Vollmer, York; Jacob Zumfelde, Borstal ; Barbara Arnold, mit tochter, Chemnitz ; Rosalie Korber, Leipzig ; Caspar Reusch, Brooklyn ; Herrmann Stein und sal, Flatow ; Lowisohn, Posen ; Emil Hubner, Dusseldorf ; Emma Cohn, Berlin ; Ad. Schultze, Indiana ; Andr. Michel, Oeslau. List of passengers by the 8.8. CELLA, B. GLEADELL, commander (London and New Ycrk Steamship Line), to New York from London via Havre, 16th September, 1866. —Mr. Robert Tournay, Mrs. S. Rogers, Mrs. and Miss Starling, Mr., Mrs., and Miss E. Fairs, Mr. Franz Jamats chock, Mr. M. Jamieson, Mr. Charles Doeppritz, Mr. Fried Dute►ich, Mr. Ph. Lauer, Mr. Fred. Nodes, Mrs. and Mas ter B. Wood, Mr. Lina Reich, Mr. H. IL Barnard, and Mr. Robert Bellany. IRE LAND. DUBLIN, Sept. 21. The speech of Mr. Ralph Cusack, chairman of the Midland Great Western Railway Company, at the half-yearly meeting yesterday, contained some mat ters which are very encouraging indications of im provement and progress in the midland and western counties. The tonnage of goods carried on the line was 81,502 tons, showing an increase over any other half-year since the line was opened of 4,238 tons. The greatest increase had been in what are called luxuries. There was an increase of 600 tons in porter and whisky, 1,200 tons in tea and sugar, and 500 tons in candles and soap. The last item is perhaps the most hopeful, as it indicates a growing attention to cleanliness in Connaught. There was also an in crease in building materials and in bale goods of 900 tons, while there was an increase of 3,000 tons in corn and meal from the country to be shipped at the North-wall. But the most important source of traffic mentioned in the report is the produce of an iron mountain, the royalty of which has been purchased by Dr. Ritchie, an enterprising gentleman from Belfast. The ore possesses all the qualities for mak ing steel, and he has received an amount of orders which he cannot possibly supply. The iron was carried from the mountain in panniers to boats on Lough 0 wel, whence it was taken some five or six miles across the water to the railway station. Dr. Ritchie was now building iron boats for the lake, and was prepared, at his own expense, to lay down a tramway from the Crossdoney station, so that, so far as that traffic was concerned, everything looked well for the prosperity of the company and of the country at large. They all knew what minerals had done for England, and the chairman believed that enterprises like that of Dr. Ritchie would do more to promote peace, contentment, and happiness in this country than all the Acts of Par liament that the wisest statesmen and profoundest politicians could give them. The cattle traffic had diminished by 6,500 beasts in consequence of the rinderpest ; but there had been an increase of 10,112 in sheep, and 42,861 in pigs. The increase in cattle traffic receipts over the corresponding period of 1865 was £2,687, being an excess of £769 over the largest trade they had ever carried. These were facts that proved they had not been doing badly during the past half-year. The accounts showed a profit for the half-year of £33,318. The launch of the " G. V. Brooke" lifeboat took place yesterday at the North-wall, from the yard of Messrs. Walpole, Webb, and Bewley, the eminent Irish shipbuilders. The attendance was large and fashionable. The boat, which is a beautiful speci men of shipbuilding art, measures 32ft. in length and 7ft. Gin. in breadth, and when afloat with her crew of ten oarsmen, coxswain superintendent, and assistant, shows fully 3ft. over the water. Previous to the ceremony of " christening," Mr. Maguire, M.P., addressed those present in eloquent terms, in reference to the selecting of the lifeboat as a fitting means of perpetuating the memory of the great Irish actor, G. V. Brooke, and passed a high eulogium on his character. Capt. Robertson, Mr. Hodges, Mr. Clarence Holt, and other gentlemen subsequently spoke. Mrs. Harris then said—" I now name this lifeboat the Gustavus Brooke,' and may God prosper it in its benevolent mission." (Applause.) At a signal, the boat was loosened from her fastenings and glided down on her carriage in the water, into which she plunged with her crew, amid the cheers of the crowds present. Capt. Robertson subsequently had the boat capsized in deep water, while one of the crew remained in her, for the purpose of showing her self-righting qualities. The experiment was most successful. The lifeboat is to be placed at the Poolbeg Lighthouse, and is to be manned by the coastguardmen of the station. The evening mail steamer Munster did not arrive at Kingston this evening till 7 p.m., one hour be hind time, owing, it is stated, to a detention of the down mail train between Loudon and Holyhead. At 3 o'clock a.m. on Wednesday, a Mrs. Purcell, aged about 60, nurse tender, was seized with cholera. Dr. White saw her, and caused Dr. Seward also to be called in. All remedies were unavailing, and the poor woman died at half-past 2. Her remains were interred at 7 o'clock in the evening in Tallaght churchyard. James Gill, a sailor on board the brig Marian, became suddenly ill with violent cholera yesterday at the North-wall Quay, Dublin, and died while being conveyed to the Mater Misericordiw Hospital. Last night, about half-past 8 o'clock, a seaman named George Bodley, aged 22, who had on the day before been paid off and discharged from the ship Circassian, was killed in a drunken quarrel in a beershop kept by a woman named Scraggs, on Sir John Rogerson's Quay, near the Sailors' Home, Dublin. It appears he had been drinking with some other persons, when a dispute arose, and he was knocked down and kicked in the head. He was removed to the Sailors' Home, where he died imme diately afterwards from a wound on the left temple. SPIRIT OF THE PUBLIC JOURNALS. TlMES.—Painful as are the details of the letter from our Calcutta correspondent which we published yesterday, it is, on the whole, much more satisfactory than that which we received by the previous mail. The suffering caused by the famine is far too in tense and too wide-spread to be at once removed ; but everywhere heroic exertions are being success fully made to mitigate it. We read, indeed, with some surprise that Sir Cecil Beadon is still at Dar jeeling, nor does the Bengal Government appear to have cancelled the singular policy which prompted its refusal to encourage a public relief committee. But, nevertheless, an influential committee has been organised, and a public meeting has been held, numerously attended by members of all classes. Subscriptions have been sent in with the most praise worthy promptitude and liberality. Over £75,000 was raised within four days after time meeting, and it is calculated that no less than " 20,000 starvelings are now subsisting on charity daily in Calcutta." Perhaps the most satisfactory feature in the account of our correspondent is the change which has taken place in the spirit of the native community, even in the short time that has elapsed since the Calcutta cyclone. It is a gratifying proof of the influence exercised upon them by English opinion and ex ample that, in most favourable contrast to the heart less apathy which they then displayed, they have now come generously to the rescue of their perish ing fellow-countrymen. But, after all, this, the bright side of the picture, only serves to bring out its dark side into still gloomier relief. The great ness of the evil is most clearly seen when we con sider how much misery, even in the face of all this energy and benevolence, there yet remains to tell. We read that even in Calcutta, where deaths from starvation have, of course, been far less numerous than in remote districts, where no human aid was at hand, " the number of pauper bodies buried at one ghaut alone rose from 50, at which it stood last year, to 329' in the first nine days" of August. The last weekly return from one little station (Balasore) shows 703 deaths, and even this fearful rate of mortality gives but au inadequate notion of the actual state of affairs, fot we are fur ther informed that, if we " treble this number for the many who become the food of the jackal and the vulture in the lonely jungle or ditch, we shall not go beyond the sad truth." One relief agent finds people dying slowly of starvation " in the midst of a crowded bazaar," in a village where it in " so com mon for eight or ten to die daily in the streets that no one takes any notice." The horrors of pestilence are now being added to those of starvation. The Board of Revenue has thought it expedient to cease to report deaths. A missionary writing from Cut tack describes the mortality from cholera and famine combined as of " fearful magnitude, much greater than has generally been supposed," and adds that the province has still to tide over " four long dark months." We should not thus dwell on these har rowing details if they did not convey a moral which we feel cannot be brought with sufficient force before the public and the Government of this country. W e only wish it were in our power to excite as much sympathy here in England for the thousands who. have been dying of starvation in Calcutta as would be excited by the starvation of one London pauper. To many of our readers, perhaps to all, who do not know by experience the fatal difficulty of enlisting the interest of Englishmen in Indian affairs, it may sound like bitter mockery, but in all soberness and honesty we can congratulate India upon the magni tude of the calamity by which she has just been overtaken. It can scarcely fail to bring about at last the resolution of what at present appears to us well-nigh the most important of all Indian questions —the supply of works of irrigation. It would almost seem as if India could only attract, for any really t an J audi ence. practical purpose, the attention of England by some such device as Absalom used Nhen he se corn-fields on fire by way of procuring v It was the redeeming feature of the mutiny that it gave England for once a warm and active interest in her greatest dependency, and led to a change of policy which has bestowed incalculable benefits upon the whole Indian Empire. And we are not without hopes that the awful calamity from which India is now suffering may prove in the long run to contain less of evil than of good. Many of our readers are possibly not aware that in India such famines as the present —although usually on a far smaller scale—are of constant occurrence. One season of drought may destroy the crop upon which alone a whole province depends for sustenance. The remedy for this is obvious. The crop can only cease to be dependent on the rainfall when the farmer has artificial stores of water to fall back upon in dry seasons, and this dependence is further diminished by increased facilities of transport and locomotion, so that, as in highly-civilised countries, the scarcity of one province may be corrected by the abundance of another. At this moment the sufferings of Orissa are greatly enhanced by the difficulty of landing rice, in heavy weather, on her surf-beaten coast. These two specifics—water and the means of transit —are of such vital and paramount importance to India, as her only protection against the chronic curse of famine, that it is almost impossible to understand how any civilised Administration could have governed the country so long as we have governed it without setting on foot some organised Imperial scheme for providing them throughout its length and breadth. But, inasmuch as the famines have been partial and local, we have been content with partial and local, when it was both our duty and policy to employ Imperial remedies. On certain parts of the English coast you see scattered here and there short lines of railings, each of which marks the spot where some unlucky wanderer has fallen over the cliff. It is considered a work of supererogation to anticipate future casualties by running a railing alon g the whole lino of precipice. And, as Colonel Baird Smith years ago complained, this has been precisely oar irrigation policy in India. Such a policy would be inexcus able, even if irrigation works were not remunerative. A paternal Government, and one so superior to its subjects in all the resources of civilisation as is that of India, is bound by every principle of justice and humanity to incur almost any expense rather than leave the lives and property of the governed at the .nercy of the first drought. But our Government has not even this excuse. It has 'been shown over and over again, by Sir A. Cotton and others, that works of irrigation can be made to pay admirably. The Madras Government has on this ground re peatedly urged their extensive prosecution. The Madras Public Works Commission declared, so far back as 1852, that money borrowed at 5 per cent. and expended on irrigation might be made to yield 30,,40, 60, and even 100 per cent., and our readers may remember that the suggestions of this commis sion were warmly supported in a :Minute by Sir W. Denison, which we published about a year ago. Yet the Government of India will neither raise large loans itself nor encourage their being raised by private en terprise. This is the all-important moral of the pre sent Indian famine, and we trust that the public opi nion of this country will see that it is enforced. We by no means advocate the constant interference of an English Minister in Indian administration. We would leave all questions of detail to be settled by the local Governments. But the question of irriga tion is essentially one of those Imperial questions with which it is the province of the Secretary of State for India to deal. He can deal with it far more easily and satisfactorily than it can be dealt with in India. Indeed, the policy to be pursued is so simple, yet so imperative, that it would have been adopted long ago if the Indian Government were not a bureaucracy overridden by reports. One engineer differs from another, a board condemns both, and Government snubs the board: - • There are so many plans, and counterplans and minutes, and surveys that it becomes impossible to choose any one, and so nothing is done. Nor will anything.be done until an English Minister takes the matter into his own hands. ANGLO-AMERICAN TIMES.—The Spectator has an article on " A Game of Speculation in Bombay," which enlarges on the subject touched on by us a few weeks since. The circum stances are so extraordinary, the causes produc ing such improbable results, and " the example so signal of the occasional prodigality with which Fortune lavishes her favours, and the fearful mis use that may be made of them," that we return to the subject. Bombay has become of that interest to Americans that one dog might feel who lost his bone and saw it in the mouth of another dog. It would probably give little pain to the dog thus deprived of what be considered to be his to know that the other dog " came to grief " over the prize. What had been good, wholesome food, the greedy brute hashed and cooked into such a mess that he is not likely to recover from the surfeit for many a long day to come. The Spectator gives the follow ing figures, showing theincreased value of the export in cotton caused by the American war : Quantity. Value. 1860-61 1861-62 1862-63 1863-61 1801-65 The quantity, therefore, remained almost uniform, but the value rose from some £7,000,000 sterling to over £30,000,000. The use made of this un looked-for influx of wealth is the subject to which we call attention. The spur given to in creased production produced no increase. Asiatic apathy was proof against all inducement to increased labour. Indeed we believe that had the American war continued, and the sys tem inaugurated by that war been maintained, the result would have been the decay of the trade. The more the producer received the less was his neces sity to work, and in the Presidency town 'honest labour became a mere farce, while.fortuueks were made by a few shares in a reclamation scheme. It was our misfortune to be in Bombay during the speculative mania, and we write therefore of things we saw. The Spectator tells the story of the notorious "Back Bay Reclamation Scheme." This project was no mere paper affair, but was carried out vigorously, and is now in active progress. The story we propose to tell bears to the Back Bay un dertaking the proportion that a scheme to bridge the Atlantic would bear to one to bridge the Eng lish Channel. There was in practice in Bombay a certain worthy little doctor, whose patients chiefly consisted of the families of wealthy native gentle men. He had the entrée of their houses, and ac quired over the inmates a considerable influence- When Bombay ran wild with speculation, these natives became influential promoters of the various undortakings projected. The doctor found much more profitable occupation in devising plans than in prescribing physic, and the names of his native friends were a tower of strength. In an incredibly short time the medical practitioner became one of the most influential men in the Presidency. This gentleman was surrounded by a crowd of humble suppliants, pressing for the smallest share in the al lotments. Like Mr. Hudson during the railway mania, he became the figure on which eager eyes were fixei, and towards whom greedY hands were outstretched. Wherever his fa vour fell fortune followed. Reclamation% Financialinstitutions, grew at once into full-blown companies when launched by him, and assured a market value of four or five times the price of the share. Encouraged by such success, the doctor — who had a mild idea of what finance meant—pro jected schemes whose magnitude caught the excited imagination of the " Ducks," as the inhabitants of Bombay are termed in India, till the grandeur of his conceptions culminat e d i n an un d er t a ki ng which threw all others into the shade. This was no less than the erection of a splendid city a short distance from Bombay, whose towers and esplanades were to arise from what now are the waters of an angry sea. The island of Bombay is a long narrow projection near the mainland, forming on one side a fine har bour, and on the other shallow, shelving, false bays. That which lies between the native town and the fort—the head-quarters of business—is termed Beck Bay. A rocky height runs into the sea, sepa rating Back Bay from another indentation, termed " Breach Candy." All the shore on the harbour side had already been allotted to Reclamation Companies, and the Back Bay projectors appro priated the shore along that bay till it reached the Island's Point at Calaba. The " Back Bay Com pany" offered to reclaim 1,500 acres of land, but the Breach Candy could reclaim as many thousands. A magnificent city might here be built. 'The means by which the land was to be forme°. —the plan of the town, the churches, schools, barrack, long lines of streets—were all drawn out on paper. The funds to effect this were detailed, amounting to millions sterling, and the whole submitted to the Government. A com mittee was appointed to investigate the merits of contending schemes, for no sooner was the idea broached than it was seized on by other projectors. Our readers must remember that at the time these superb ideas were discussed the Presidency city of Bombay presented a most miserable aspect, and Ivas in striking contrast to the dignified appearance and palatial residences of Calcutta. Narrow dirty streets, mean, ill-built houses, with scarcely an office worthy of a " schroff," without an hotel fit to live in, without a public conveyance fit to enter, w ithout a wharf good enough for a village, w ithout ware" houses to store the cotton, bales lying in thousands in the open air ; these people sub m itt e d to every possible inconvenience while they indulged in these preposterous schemes. The old fortifications which had given a character and a picturesque look to the place had been demolished, the absurd appearance of the business town remaining, while the reason for the singular formation had been swept away Something similar would be displayed at Ports mouth were the fortifications removed and the ditch filled up. For weeks the committee sat considering whose plan was to be finally adopted. Each pro jector had his crowd of eager supporters, and Bom bay was divided into parties loudly asserting the superiority of that likely to be most profitable to themselves. But while they haggled over their magnificent idea, great events were occurring in America—events whose importance to them and their schemes scarcely entered into the calculations of the " Ducks." That Sherman , s march from Atalanta to the sea—that- a battle at Richmond—would dispel a delusion in Bow; bay appeared incredible. We were laughed at for remarking that the gun which announced the arrival of the English mail would carry a thrill to our hearts if we stood in the doctor's position. It was not, however, the steamer which fired the shot that brought down in ruin these fairy castles,- The first message by the Persian Gulf cable flashed the intelligence of the approaching termination of the American war. The electric wire carried to Bombay an electric shock ! All took fright a t the same moment, all hurried together to sell their shares, and the collapse was instantaneous. When the news reached us we were not in Bombay, and the first inquiry we made was about the worthy doctor' The answer was significant ; it was in few words, and carried a world of meaning—" He's up a very tall tree." Fortunately the Breach Candy schel l ! e , 1 came too late to submerge any large sum, butit remain an instructive lesson for generations of future " Ducks," and a wonderful instance to the existing race of the follies that beguiled them, an where they rode when fortune placed them on hors e back. COUNTRY MARKETS. WAKEFIELD.—FRIDAY. New dry wheat nearly maintains the rates of Fri di l last, and old sorts steady at late currencies. Fine ball rather dearer than of late. LINCOLN.—FRIDAY. Our market to-day was moderately supplied with w.. i, e : 1 , 0 and sales were effected at about the same terms as o n previous week. Barley was a middling show, and Ine:, e fair demand. Oats scarce, and prices must be quoted Ss as New last week. eans firm in . white he, t, 56 s to 60s; ue new red, 50s to 5 6 s P e r 36 d stone. Barley for malting, 38s to 44s per qr ; gr ; L l- 1 -- , 7s n to 32s to 35s per 30 stone. Oats, 2;i to 335. Beans,'" 51s per 38 stone. LIVERPOOL , i/ 01 We had a bin attendance at our market to - d 3 9, `f a st wheat met a good demand at the rates of TuesdaY.,,,s Flour also was in good demand, and brought previ-no prices. There was a fair business doing in boun s nd for peas. • Indian corn in good demand, at 278 6d to 2 75 in prime mixed. Oats rather dearer, and oatmeal the tu tu favour of buyers. -FRIDAY DERBY—FRIDAY. teadY A moderate supply of wh ea t, which met with a 6 tell demand, at about previous rates. Barleys came mode A n ts to hand, and were iu fair request at good prices. steady. Beans made full prices r 36 New white wheat, 54s to 68s ; old red, 50s to 57s qubr, stone. Barley for malting, 36s to 42s per qr. ; g i n 9s to 37s to 38s per 30 stone. Oats, new, 27s to 295; old, 03 34s per 24 stone. Beans, old, 50s to 525; new, 46s to per 38 stone. STAMFORD—FRIAY. A moderate supply of wheat,:whic D h met a fair dbell; and sold at full3 , l;ite rates. 'Barley was a tolera , . we ra show, and quite as dear. Oats were scarce. 13 e 3 " firm. er 8 6 " n New white wheat, 53s to 59s ; red do 48s to 5 58 4, 303 stone. Barley, malting, 36s to 43s • grinding, 2 / 5 4' 6 - tout ) per. qr. Oats, new, 24s to 28s; old, 28s to 32s per 2. Beans, 48s to 50s per 38 stone. Peas as of late. BRISTOL SUGAR.—FRIDAY. oc i The demand for sugar this week b e en good , % o p fair business has been done at full prices. Buie slowly at rather easier prices. Births. to ff, BURCHELL —On the 21st inst. at at Park House, Te ddil3. Mrs. James Buechel!, of a son. A. BARLOW—On the 20th inst., at Wellbank, Taplo w, P. Barlow, of a son. MARGARY— On the 20th inst., at Palace-o• ar dens-te'i ;., Kensington, the wife of Major-General ° Marg arl ' of a daughter. 0 1 0 14 9 SEYMER—On the 19th inst., at 37, Avenue d eS Elysees ' Paris, the wife of Ernest C. Ker-Seril er ' Second Secretary of MM.'s Embassy, of a son. Marriages. pAr i u °l3 BENNETT—CAMBELL—On the 20th inst., at to. o f church, Cheadle, Cheshire, Ch a rl e s Bennett, iun''seco° Stock Exchange, London, to Elizabeth -ALTA leil die" daughter of Edw. Cambcll, Esq., of nightield, 41,1?; BROADWOOD—JOHNSON.-011 the 22d inst. 0,1101$6,50: to Thomas Broadwood, of Holmbush, Crawley, Florence Johnson. poce t t ij d DOVET Esq., ON—TI RoyaI LLARD Engineers, n the to Philippa 20th inst. shay'en', see —t. aLe t h daughter of P. Tillard, Esq., of Stukele 113 iugdon. Deaths. C urling' CURLING—On the 20th inst., at Denmark - bi ll, Uf Esq., aged 86. DORRIEN—On the 18th inst., Charles Porr ien ' 115(1" Ashdean Tower, Sussex, aged 7 PORDE —On the 18th inst., Charles Forde, Es ( l'l °f MART field E , near Sandbach, Cheshire, aged 24. sa utxr e " N—On the 20th inst ,at 16, Brunsw ien--- - Camberwell, George Marten, Esq., a ged 37. o rOt - PAPWORTH— On the 20th inst., at 36, Milton-street,' square, E. G. Papworth, sen. r 13. SoLLY—Oa the 19th inst., at 10, Manchester-sqlTp Solly, Esq., F.R.S., of Serge Hill, Herts, abe d SH ERWIN—On the 20th inst. ,, at 1, Alyddelton-ec"- Sherwin, Esq., aged 41. • ------- - aErib, Loudon : Printed and Published by WILLIAgHAI A 14 9. 4 0. WI Strand, in the Precinct of the Sav o y , of No. 112, Strand, Painter. at T SUNin the co 0 1 -" ct ' OO °- DilddleßeL—Saturday, September 22, 180. _A Of ( let t Dis o'cl the in( A (I‘.;t4 Nvitl T 1 lets Bum TI of 11 frau able wIII duct in si rat e bon, last tain bete forty nigh Who nay Cc cad: Piet folic by t the the Whc deri whi the or ) greo unli Whc rnea gep fl ()a c t 11 0 ti iron Witi i Imin te e( by fr or pro? Ad; th© liv e Son Stan Et t : a r oad Cloy ter ra grOe