The Sun. — London, England, 1870-07-23 00:00:00

MONETA STERDAY. The improved feeling recently alluded to as charac terising the various stock markets, has been more manifest to-day. Confidence is gradually returning, and purchases for investment are becoming more extended, as the fact that a most remunerative return is now offered to investors in such securities as haire been so greatly depreciated during the last fortnight, becomes patent. A continuance of these transactions may be expected, provided, of course, that the phase of the European difficulty does not become more complicated, and that the present non-combating powers continue to maintain their neutrality, therefore confining the devastation of war immediately to France and Prussia. The improving tendency to-day has been evenly distributed, both English and foreign securities each shewing an inclination to advance. Three further failures have been announced to-day, making a total of 17 since the commencement of the panic. Business in English railway stocks has been rather more extended, but the proportions are still only moderate. The tendency- however has been decidedly more favour able, and North-Eastern, which two days ago was dealt in at 126, has marked 134; Midland has been done at 123; North-Western, at 1231; and Great Northern at 124. North Eastern shews a rise of 3, and Caledonian of 1. Indian railway stocks have been firmer, and East Indian have recovered There has been very little in quiry for Canadian shares, and foreign have been dealt in to a very moderate extent. Recife and San Francisco have fallen Bank shares have been quiet and without movement. Telegraph shares have commanded but little attention, and Falmouths have been rather easier. In miscellaneous securities the business doing has been only moderate. At a meeting of the Bank of Otago, it was shewn that there was a net profit of £12,416, the whole of which was placed to the credit of suspense account. At a meeting of the Red River Land and Mineral Com pany an interim dividend of 1 per cent. was declared. The sum of £290,000 has been withdrawn from the Bank to-day. Bills are rather more negotiable to-clay, but the quota tions are still unsettled. The wheat trade at Mark-lane to-day, opened firmly at full prices ; but at the close some, difficulty was experi enced in reaching Monday's rates. The Consol Market has been steady to-day, and a further recovery of per cent. has been established. The Government, broker has to-day bought £78,000 Reduced on account of the Commissioners for the reduction of the National Debt. Consols at one time to-day touched 90k, but the price subsequently receded to 90 to 90} for delivery and the account. Reduced and New Three per Cents. 90} to 901 Bank stock has marked 232 to 234. Exchequer Bills, 2s. to 6s. prem. India Five per Cents. have been done at 110 to 1101, and India Bonds, 21s. to 265. prem. There has been a continuance of purchases in the foreign bond market, and a hardening tendency has in consequence been imparted to prices. Russian and Ar gentine have been in request, but the principal transac tions have been in Spanish, Turkish, Italian, and Egyp tian. The Honduras loan has been firm, at 1 to 2 prem. Italian (1861), have risen ; Spanish (1867), ; Turkish Six per Cent s (1865), 1 ; di tto Fi ve per Cents, n ; and ditto (1869), United States Five-Twenty Bonds are 1 per cent. better. The Shipping Gazette states that advices from Glasgow state that Mr. Ain is reported to have stopped payment. The amount involved is variously estimated at from £250,000 to £500,000. Following upon his suspension, and as the immediate result of it, Messrs. Refeinstein and Baird have had to call a meeting of their creditors, and their estate, it is thought, will be wound np. Another firm of metal brokers era said to be in difficulties from the same cause. Messrs. Lawrence, Hill, and Co., Port Glasgow, have stopped payment with liabilities of about £25,000. The assets are said to be large. It is stated that the liabilities of Mr. Henry Todd Naylor, of Liverpool, whose suspension took place some days since, are about £BO,OOO, and it is said that since January 1 ;his losses on cotton have been upwards of £50,000. The directors of the Brazilian Street Railway Company recommend a dividend at the rate of 12} per cent. per annum. Notice has been given that the committee of bond holders of the Bay of Habana and Matanzas Railroad Company, first mortgage loan of £250,000 (1861), and third mortgage loan of £400,000 (1865), on the Bay of Habana and Matanzas Railroad, and first mortgage loan of the Colin() Railway, have directed that the funds remitted by the Bay of Habana and Matanzas Railroad Company on account of the overdue coupons on the loan of £250,000 (1861), due 17th June, 1869, 15th December, 1869, 15th June, 1870, as well as those of the first mortgage loan of the Coliseo Railway, £400,000 (1865), due 10th June, 1869, 10th December, 1869, 10th June, 1870, shall be forthwith distributed in accordance with the recommendations of Mr. E. M. Underdown, approved at the meeting of bond holders, held at the London Tavern on the 21st June last. Accordingly holders of coupons of 1861 will receive payment in full of coupons due to June and December, 1869, and 30 per cent. of coupons due June, 1870, and holders of coupons of loan of 1863 will receive 23i per cent. of the amount now due (lees 5 per cent. retained to meet expenses of the committees) on the 27th of July next, at the Counting house of Messrs. J. Henry Schroder and Company, 145, Leaden hall-street. The coupons must be delivered up to Messrs. J. Henry Schroder and Co., who will hold them in trust for the bondholders until the final payment of their claims, and certificates will be issued in respect of the unpaid balances, which balances will bear interest from the 15th of June, and 10th July respectively. The coupons must be left two clear days for examination before payment can be made. The discount market has been fairly supplied with capital. There has been a good demand for accommo dation, and three months' paper has not been negotiated under the Bank rate. Six months' bills have been charged 4 per cent. The Bank of France has raised its rate of discount to 4 per cent. Messrs. Pixley, Abell, Langley, and Blake thus re port on the state of the bullion market :—Gold.—The market has been in an unsettled state during the week, and as the imports have not sufficed to supply the orders for abroad, about £530,000 in sovereigns and bars have been withdrawn from the Bank for the Continent ; on the other hand, £114,000 have been sent in. The total imports are £55,920. The Australian mail is bringing £530,000, most of which is on English account. This will be due here about the 20th of August ; the Great Britain has sailed from Melbourne with £80,740 for this country. Silver : There have been large orders for silver for the Conti nent, and the price suddenly advanced to 611 d. per ounce standard ; in the present unsettled state of affairs, how ever no price can be relied upon as indicating the tendency of the market. The City of Brooklyn has brought £69,000 from New York, and the Seandinavian £52,400 in silver coin from Quebec.—Mexican dollars : The Allemania has brought £10,500 from New York. Although this coin improved in price to 60d, per ounce in sympathy with the sudden rise in bar silver, it was only for a short time, and we cannot now quote any nearer price than 59id. per ounce. The directors of the New Zealand Trust and Loan Company (Limited), recommend a dividend of ss. per share, being at the rate of 10 per cent per annum. The following from the Levant Herald, of the 13th inst., refers to the late excitement on the Constantinople Bourse Panic, suspension of payments, and Miele gene rale—such has been the local monetary history of the week. In the memory of the oldest consolidejee no such smash has been witnessed. After months of unvarying victory for the " bulls," during which local quotations have been inflated beyond all precedent and a ll rea l justification, the Franco-Prussian incident has brought the inevitable reaction, and with it such a fit of wild, unreasoning alarm as would be extravagant if actual war had been proclaimed. So great has this been, that yesterday at noon the Khan was closed with a view to arrest the storm at its then stage, but the effort has been only half successful. Thou gh the doors have been kept closed to-day, the panic has i n no way sub sided. This time the fall in General Debt has not been measured by paras or even by single piastres, but by 4,5, and even i piastres at a time, with the result altogether of a fall o f near ly 11 pi as tres on the price of this day week—to 47p. as against 57 28-49 or, reckoning the value of the July coupon, which was detached yesterday, a net fall of about 8 p. on the quotation of Tuesday last. The consequence, as we have said, has been a general suspension of payments—the large and wealthy gamblers being the first to make default, sheltering themselves behind the pretext that the operations done by their usual brokers —themselves men of straw—have been for the personal account of these latter, to whom claimants for settlement must accordingly look. As these gentry are of course influential with the Bourse Committee, they have asked for and obtained a " compensation " price, for a com promise of their losses, and this was yesterday fixed at 47k, but up till this afternoon few of the defaulters have settled even at this figure, hoping that to-morrow's tele grams may bring better news and with it a recovery be yond this minimum figure. In the meantime, rumour estimates the total losses at considerably above a million of liras. One Jewish house is said to have sunk sixty thousand pounds, but its chief has absconded, api his example has been followed by several minor sufferers, LONDON ST E.-FRIDAY. LATEST PRICES.—AFTER OFFICIAL HOURS The prices under the lines indicate the business done. GOVERNMENT SECURITIES. Three per Cent Consols. 90 901 Brazilian, 1865, 5p c .... 88 8 89 1,901 90, I, i. i 85, 7, 6 Do for Account 901, I, 67, 6, 7 1 , 5, 61, 7 Three per Cent Reduced 90 901 Do Rail Deben 7 p .. 89 9 Cent 0 1 96 New 3 per 891, 901, I, 1 441, 5, 41, 51. 4f Exchequer Bills, March 2s, 6spin Peruvian, 1865, 5p c .... 82 84 6s par 84, 3, 41 Do, June 2s, 6s pm Portuguese, 1869, 3 p c.. 261 27. Bank Stock 232, 4 Do Nicolas 4p a India 5 per Cents llO 1101 631, 4, 3 1101, 10 Spanish, 1867, 3pc India Bonds 2ls, 26spm 234, f, 41, 31 4/ Can 6pc Jan&JulylB77-84 99 101 Do, 1869. 3p c - 231 24 100 241, 31, f, 41, 4 Do March & Sept. 103 105 Turkish. 1854, 6p c BO 83 Do 5p c Jan & July .. 92 94 82 92 Do, 1865, 5 p c Do Inscribed Stock .. 93 95 364, 4,7, 64, 71 xd Dom of Can 5p c 1903 .. 94 94 Do, 1865, 6p c Ceylon 6 p c May and 55 November 1878 lO7 109 U.S. 5-20 Bonds. 6p c 1882 811 821 Mauritius 6 p c Jan and 824, lf, 21 July 1873 lOl 103 Do do 1885 81 82 New 8 Wales 5 p clB7l-76 • 99 101 821, 2 New Zealand 6p c 1891 lO7 109 Do 10-40 Bnds, 5p c 1904 79 81 Do 5p c Do 5p c Consolidated 94 96 Erie Sha, 100 dols, all paid 151 16; 95 151 Do 6p c Mar &Sept 1891 107 109 Illinois Central Shares .. 99 10 Do June & Dec 1891 105 108 99, Bxd Vict 6p c Jan & July 1891 107 109 Atlantic and GW R Con 1081, 71 Mortgage Bonds DoApril & Oct 1883-85 lOB 110 24, 20 Viet 5p c Jan & July 1894 97 100 21 23 RAILWAYS. Bristol and Exeter B3 85 Do 2nd do Scrip Caledonian 743 Grand Trunk of Canada Great Eastern 34, 31 Do 3rd Pref Stock . Great Northern 116 4th Pref Stock Do A 122 124 Great Indian Pen g 5 p c 103 105 124, 3 1043 Great Western 63 64 Great Western of Canada 133 14 64, 3, 1 1 31, Lancashire & Yorkshire 127 129 D o 6 9 c 80 1 nds. 1873.. 93 100 Lon, Brigh, and S Coast 363 373 Do 53 do, 1877-8 96 98 36, I, Do p guaref, issued 80 34 pm Lon, Chat, and Dover .. 12 14 Madras sp c 13, 113, 12, 13 1023, 3 ton and North-Western 1221123 N. Railway of Canada, 123, 23, 33, 23 6p c Ist Pref Bonds Lon and South-Western 86 88 Oude and Rohilkund g 87 5 p c Man, Shef, and Lincoln 41 43 Scinde, Punjaub, and Metropolitan 66i, 3, 73, 63, 73 1013 Midland 122 123 Bahia and San Francisco 1223, 3, 13, 3, 23 g 7 p c North British North-Eastern Consols 133 132 B uenos A yres Gt Sthrn.. 24 25 131, 293, 32, 33 Dunaburg and Witepsk 163 173 South-Eastern , 673 67/ Dutch-Rhenish lB 21 673, 3, 8 Eastern of Prat-ice 2O 22 Atlantic and St Lawrnce 77 80 Great Luxembourg Bombay, Baroda, and 10 Central India, g 5 p c.. 103 105 Lemberg Czernowitz gua 103 7 c l4 15 Buff & Lake Huron P r ef 4 5 Northern of France Do 53 p c Bonds, 1872-3-4 80 83 Ottom (Smyrna to Aidin) 5 6 Cape guar 6p c East Bengal guar 5p c lO3 105 (Limited) guar 7po .. 15 3 16 104 15/ East Indian, g 5 p c 1061, 3, 19 Grand Trunk C ana d a Do Equip Mort Bnds, 1 Southern of France .. . 22 24 charge 6p c BANKING COMPANIES. Pd Pd 10 Agra Bank (L) A lO 101 10 Imperial Ottoman .. i 1 Pre 25 Alliance (L) 10 Anglo-Austrian 57 pm 20 Lon Char of Austrlia 22 23 20 Anglo-Egyptian (L) 21 23 20 London and County 48 50 50 British N American 53 55 49 20 Ch of India, Austrlia 151 161 15 London Joint-Stock 30 32 25 Char Mere of India , 28 30 311 10 City 25 Colonial 4 Consolidated (L) _ . if pm 20 Midland (L) 20 Eng, Scot, and Aus . o 17 18 20 New South Wales .. 37 39 171 25 Orntal Bank Corporn 39 41 20 Imperial IL) 15 Union of London .. 35 36 TELEGRAPH COMPANIES. Pd Pd 100 Anglo-American L) 80 85 10 Great North ern .... 101 101 801 6 Great N. China, and 10 Anglo-Meditm (L) l3l 14 Japan Extension .. 321 dis 100 Atlantic ll 13 25 Indo-European (L 7.. 13 17 100 Do 8p c 3 British Australn (L) 44 3f dis and Malta (L) ... 51 61 10 British IndExten (L) 4i 5 10 Mediterrn Ex (L) .. 51 6 10 British Indian Sub- 21 Puma and S. Pcfc(L) 3 2 dis marine (L) 7,} 20 Soc Trans Franc e (L) 141 141 2 China Submarine (L) 4131 dis ' 141 10 Falmouth , Gibraltar, 100 Submarine ' 235 245 and Malta (L) .... 8 84 1 Do Scrip 2 2 8 7-16 10 Wlndia & Panama(L) 61 6 MISCELLANEOUS SECURITIES. Pd Pd Anglo-Austrian Bnd- 100 Do 6p c Bonds, Be holders' Certificates 11 21 deemable 1870 . 63 68 10 BerlinWaterworks(L) 12 13 30 London Fin Assoc (L)l9slBldig 30 Bolckow-Vaughan (L) 35 45 4 Lon Gen Omnibus .21 2* 100 Boston City g (U.S.) 5 2 Lon & Prov Mari ne (L) 11 p m 4 Brit p c Sterlin Loan.. 90 adras g & Canal, & Fgn Marine ( L) 21 88 100 M 2lpm g 5 p c lrri by hid Gov. 101 103 27 Canada Company.... 75 78 2 Mauritius Land (L) 1 dig, par 10 Ceylon Company (L) 5 4 dis 5 Natul Disct Comp (L) 10 11 35 City Offices (L) .... 251 241 dis 21 N Zealand Loan and 20 Colonial (L) 5 Corn Union Assurnce 225 pm 5 N Zealand Loan and 10 Crdt Fonc of Eng (L) 14 21 Trust (L) 100 Crystal Palace 100 Do Pref 100 Do 6p c Perp Deb lO9 114 50 P and 0 Steam 39 41 271 Ebbw Vale Steel (L)..12 10 dis 10 Do do New, 1867 5 3dis 100 Egyp 9 p cV'roy Loan, 50 Rhymney Iron guar by Egyp Gov.. 90 95 15 D o N ew lO 101 90 60 Royal Mail Steam 13 Fore. stWarehouse (1451 51 pm 20 Tel Con and Main (L) 221 221 10 Fgn and Colonial Gov 224. 1 Trust 6p c Bonds.. 89 92 2 Thames and Mersey 911 Marine Insur (L) 71 Gen Credt & Disct (L) 1 1 dis St Tobacco 6p c Loan, 14 Gen Stm Navigation 29 31 guar by Italian Gov. 7 Hooper's Tel Works 4 3 dis 5 Trust and Loan Co of 20 Hudson's Bay 8 1 5 U Marine, Lvpool ( * L 5 64 pm 45 Indrbbr, Gut Per, au d 20 U n i on Steamship (L) 21 23 Tel Works (L) 42 5 UnivMarinelnsur ILI 35 4 pra 20 Internl Finan Soca.) 2 11dis 100 Viceroy of Egypt 7p c 3 Mortgage Loan.... 68 69 It Irrig (Can Cavour) 3 4 684, 8 12 Warrant Finance.... 0 7 dig MARKETS. 44 47 LONDON CORN MARKET, FRIDAY.—There has been a con tinuance of business in the grain trade at Mark-lane this morn ing. The supplies of English wheat have been short, of foreign only moderate. Busine s s h as no t b een b r i s k , but factors have been firm in their demands, and Is. per quarter more money has been asked for all descriptions. With barley the market has been moderately supplied. In all descriptions sales have progressed steadily, and prices have an upward tendency. Malt has been firm, at about late rates. Oats have been in request, and extreme rates have been obtained. Beans and peas have been fully as dear, with a healthy inquiry. Flour has been steady in value and demand. Arrivals :—English and Scotch—wheat, 1070 qrs. ; malt, 1920 ; beans 30. Foreign— Wheat, 34,640 ; barley, 8,410 ; oats, 31,980 ; maize, 7,600 ; peas, 6,970. Flour, 1540 sacks, and 13,770 barrels. LIVERPOOL CORN MARKET, FRIDAY.—This market was moderately attended to-day. There was a limited demand for wheat, and Tuesday's quotations are nominally repeated. In a few case 2d. to 3d. less money has been accepted. Flour is dull, and the turn in favour of the buyers. Beans were steady. Seidl, 415. 6d. to 425. Oats and oatmeal were quiet. -Indian corn was in slow request, and 6d. per quarter lower. Round yellow, 355. 6d. per quarter. Imports—lreland, &c. ; Barley, 101 qrs. ; malt, 1 qr. ; oats, 1,182 qrs. ; oatmeal, 491 qrs. Fo reign ; Wheat, 17,521 qrs. ; oats, 1,876 qrs. ; beans, 242 qrs. ; peas, 85 qrs. ; Indian corn, 15,956 qrs. ; oatmeal, 1,881 qrs. ; flour, 949 sacks, and 2,764 barrels. WAKEFIELD CORN MARKET, FRIDAY.—The brilliant weather and largo arrivals of wheat at Liverpool counteracted the effect of war, and the trade ruled slow. Choice white sold at Tuesday's rates, but red was rather cheaper. Barley, oats, and beans sold at an advance of 2s. per quarter. LINCOLN CORN MARKET, FRIDAY.—At this market to-day wheat was 7s. to Bs. higher than last week. Beans and peas were slightly more money. Oats Is. higher. Business was only slow. METROPOLITAN MEAT MARKET, FRIDAY.—The supply of meat has been moderate. The trade has been steady, at our quotations. Beef, from 3s. 4d. to 55.; mutton, 3s. Bd. to ss. 44.; lamb, ss. Bd. to 6s. 4d.; veal, 4s. Bd. to ss. 44.; and pork, 3s. 4d. to ss. Bd. per 81bs. by the carcase. BOROUGH IIOQ SIARKET, FRIDAY.-Very little business has been doing in any description, and prices have been without change. From the plantations the accounts continue favour able. Prices were as follow :-Mid and East Kents, £7 to £l2 12s. ; Wealds, £6 to £8 ' • Sussex, £5 12s. to £6 12 s, ; Bava rians, £6 6s. to £9 ; French, £5 to £6 10s.; Americans, £4 ss. to £6 per cwt. COLONIAL PRODUCE MARKETS, FRIDAY.-The markets have been less depressed, but quietness has still prevailed. Tea. -Very few transactions have taken place, at about late rates. Sugar.-For raw sugar there has not been much inquiry, but prices have been without quotable change. Barbadoes, 255. 6d. to 275. 6cl. ; Crystallised Berbiel, 345. 6d. to 365. ; Crystallised Demerara, 335. 6d. to 355. 6d. per cwt. Coffee.-Sales have progressed slowly, on former terms. Good ordinary native Ceylon, 41s. 6d. to 435. 6d. Rice.-On the whole the market has been quiet, but prices have ruled firm. Metals,-loon hag been flat. Tin has been dull, at the late decline. Coffee has sold slowly, Oils,-Linseed oil has been dull and drooping. Rape has been quiet, Olive has sold on easier terms. Tallow.-The market has been firm. Y,C. spot 465., last three months 48s. 6d. to 48s, 9d, MANCHESTER COTTON MARKET, FRIDAY.-The cotton market continues inanimate ; but the great reductions in prices have induced rather more inquiry, and led to a slight increase increase in buying prices yesterday. To-day they are barely steady, and shew nothing like the previous daily decline. If buyers saw a prospect of prices steadying, the low prices would now tempt them to operate, and so reduce the average value of their stocks. The home trade has bought very sparingly, and only for pressing wants. Shippers have almost unanimously agreed to postpone buying, and await the future course of events on the Continent. Whenever possible they are cancelling all contracts undelivered, causing producers to complain exceedingly of the extent of the practice and the sharpness of houses whose conduct is usually so differ ent. The market closes depressed, with prices barely supported, producers inclining to refuse no reasonable offers. The follow ing are the most trustworthy quotations, sheaving a large reduce tion, which have, however, only tempted a few buyers :-No. 40, mule yarns, good seconds, 14d. ; No. 30, water twist, 131 d. ; No. 32 Cop., 12d. ; Number 60 Cop., 18d. bhirtings-39in., seven pounds, common quality, 83. ; ditto, best quality. Bs. 7id. ; 39in. shirtings, eight pounds and a quarter, common make, 9s. 6d. ; best make, 10s. 3d. LIVERPOOL COTTON MARKET, FRIDAY.-The market to day opens with a rather better feeling. Sales 10,000 bales. Sales for the week, 43,050 ; speculation, 2,970; export, 1,030 ; actual export, 4,101 ; imports, 57,305, of which 25,492 were American. Stock, 606,760, of which 318,427 are American. The trade took 39,050. Sales of American 25,840 bale s .-S econ d Report : The market closed a little steadier to-day. Sales 10,000 bales. Speculation and export 500 bales. Six thousand American bales sold at tifd. to 101 d. ; two hundred Pernambuco bales 9d. to 91d.; four hundred Bahia bales, 94. to fl f.; one hundred Mara'iham bales, 90. to 10d.; two hundrod Egyptian bales, 101 d. to 111}d.; twenty Peru bales, 1814.1.; 3,000 Surat bales, 51d. to 91d. Im ports 7,818 bales. GLASGOW PIG -IRON MARKET, FRIDAY. -First Report. This market opened steady to-day, at 51s. Id. cash, but soon improved. At the close 51s. 6d. cash and 51s. 9d, one month were paid. . _ TILE TRADE OF SOUTH WALES.—The rail mills of the dis trict are actively engaged. Prices are firmly maintained, and orders for early delivery are refused, except at an advance. The war between France and Prussia will doubtle ss a ff ect the transactions of Continental buyers and railway contractors, for shipment to the Dantzic aLd Stettin will be difficult of accomplishment. The United States demand continues brisk, American buyers being the large purchasers of rails at the South Wales Iron Works. The exports to Prussia are not so large as was expected. Inquiries for bars are improving. The best bands of pig iron are in good request, and priees are in the makers' favour. The improvements in the tin plate trade is still noticeable. The demand for steam coal will prob ably increase in consequence of the war. Shipments to the French ports ahoy a marked increase; and the same may be said of the Baltic and Mediterranean ports.. It is expected that the Continental war will cause prices to Advance. , , _ ._ LAW AND POLICE. EXTENSIV COMMERCIAL FRAUDS.—At the Mansion House two respectably dressed men, giving the names of Edward Jones and Francis Thompson, who had been apprehended by Mr. Shore, Inspector of Metropolitan Dectective Police, Great Scotland-yard, were brought up before the Lord Mayor for examination on various charges of obtaining goods on an extensive scale by means of false pretences. It appeared that the prisoners had carried on a very extraordinary system of fraud, During the past year they had traded as Herbert and Co., pawnbrokers, outfitters, and general salesmen, 17, Northcote-street, Gloucester; J. Newton s and Co. ' general merchants, 41, Hi g h- s t ree t , B r i s t o l ; Samuel Pile and Co., provision dealers and china ware housemen, 1, Royal-terrace, Douglas-park, Norwood ; J. Macdonald, general agent and employer of com mission travellers in town and country, 63, Gracechurch street ; C. Fuller and Co., drys-alters, grocers, &c., Bath ; and finally as F. Clark and Son, jewellers, out . fitters, and paw n b ro k ers, 1 , Devonshire -terrace, Union , street, Plymouth. About three weeks since they took premises at the last mentioned address, which they fitted up in a very expensive style, and adopted the name of F. Clark and Son, probably with the view of inducing persons to believe that they were connected with a highly respect able firm of that name at Truro. Immediately after securing the premises they gave orders for goods to houses in London, Birmingham, Plymouth, Sheffield, &c. and in the course of three weeks, succeeded in obtain ing property to the amount of about £3,000, with which they, it was alleged, absconded. On Tuesday last they were apprehended in Harrow-road, London, by Inspector Shore and Sergea n t L ans d owne, o f the Metropolitan police. Evidence having been given as to the obtaining of a portion of the goods, the prisoners were remanded for a week. THE LAND CREDIT COMPANY OF IRELAND V. LORD FERMOY AND OTHERS.—In the , Court of Chancery this suit was heard. The company was one of those in which the notorious David Leopold Lewis was largely concerned. The object of the present suit, which was instituted by the official liquidator in the name of the company, was to make the late directors, Lord Fermoy and others, personally liable to repay a sum of £3,739, part of the company's money, which had been expended in speculative purchases of the com pany's own shares. The Master of the Rolls held that the purchase was unauthorised by the company's articles of association, and made a decree against all the defendants to repay the money. The present appeal was by Mr. Henry Munster, one of the defendants, against whom a writ of fa. fa. had been issued to enforce the payment of the money, and who had after wards paid the sum into court. Mr. Munster's case was that he was not liable for the breach of trust which had been committed, inasmuch as, though he was present at the Board meeting at which the cheques for the sums expended in the purchase of the shares were approved, he was entirely ignorant of the purpose for which the money was required, and knew nothine whatever of the real nature of the transaction till long afterwards. It appeared that an executive committee had been ap pointed by the board to consider (among other things) some business proposals to the company. The articles of association gave power to appoint such a committee. — The Lord Chancellor said that he should be very loth to take any step to absolve a director from his duty, or to hold for a moment that the inattention of a director while business was being transacted could do away with 1 his responsibility in respect of business done while he was present. But the Court must have regard to the nature ' of the trust reposed in directors by the constitution of the 1 company. His lordship thought that the case as I against Mr. Munster failed, and his appeal must be I allowed, and the bill must be dismissed as against him, with costs. The money which he had paid into court would be repaid to him. Lord Justice James concurred. I WORN OUT AND ILL-USED.--Win. Thomas Camp, cab-driver, No. 15,864, was brought up at th e Marl borough Police-court, charged by the Royal Society for the Prevention of Cruelty to Animals, as follows :—Mr. James Cox, of Crown court, Pall-mall, saw the pri soner driving a Hansom cab yesterday, and noticing that the horse was in a deplorable state, he went to the offices of the Royal Society for the Prevention of Cruelty to Animals, in Jermyn-street, and caused the present steps to be taken. Peet, an officer of the society, said the horse's knees were broken and blackened over to prevent observation ; it had a wound in the inside of the flank as large as the palm of the hand, another large one on the outside bore marks of the whip, was spavined and totally unfit for work, but very well bred, and would work till it dropped. The prisoner said his master sent him out, but he (the prisoner) did not know its condition, but the officer said he must have done so. The prisoner was fined 40s, or a month, and a summons directed to issue against the owner. A MAGISTRATE'S REMARKS ON INDEORNT BATHING.— Saktmel Drake, a lad of 17, was charged, at the West minster Police Court, with indecently exposing himself while bathing in the Thames. A constable proved that the prisoner with others were innocently bathing in a creek near ( remorne Gardens, close on athoroughfare. He took prisoner into custody, Mr. Selfe said it was a farce to suppose that it was an offence to bathe in the Thames. Without there was a deliberate exposure, with intent to insult, there was no offence save that which could be maintained by indictment for a common law offence. Two inhabitants said it was close to a roadway, and within 30 feet of the houses ; they ran about to get dry. Mr. Selfe asked whether they were willing to prefer an indictment at the Sessions. They said they would not like to take the responsibility. Mr. Taylor, the clerk, informed his worship that a similar case had been brought before Mr. Arnold, who had adjourned it until next week for some of the inhabitants to complain if they thought proper. Mr. Selfe remanded him on bail, for Mr. Arnold to adjudicate upon the whole of the four cases. DISGRACEFUL CONDUCT OF A TICKET COLLECTOR.— John Mackrean, ticket collector, at the Stepney station of the Great Eastern Railway, was charged on a summons at the Thames Police Court, with throwing stones from the station and wilfully breaking windows. The complainant, Mr. Waller, is the occupier of premises near the railway station. Inthe course of the last three weeks many of his windows have been broken in a very mysterious manner. The prisoner was at length suspected of having caused the mischief, and, on the complainant's son speaking to him, he was threatened with a good thrashing if he was not off. On the sth of the present mouth, between 7 and and 9 in the evening young Waller was on the watch, and saw the prisoner distinctly throw a large stone from the win dow of a room in the station where he was on duty, and it struck one of the wndows of Mr. Waller's premises and broke it. He then complained to the pri soner, who assumed an arrogant tone, and threatened to give him a good thrashing. Several witnesses connected with the railway were called by Mr. Pelham, and they said they were on duty on the night of the sth, and if any stone had been thrown from the station they must have seen it. The prisoner received a first-class character from the witnesses. Mr. Pelham said his client was a steady, industrious young man, who, from being a porter, had, through attention to business, rose to his present position. Mr. Lushington asked Mr. Waller if there was any difference between him and the prisoner. Mr. Waller said there had been none that he was aware of. Mr. Lushington said he must convict the defendant, and he saw no reason to doubt the accuracy of the evidence of Mr. Waller, jun. There was evidently quite light enough for the complainant's son to distinctly speak as to the identity of the defendant, He ordered the defendant to pay 20s. for the damage and is. fine, and also ordered him to find bail to keep the peace and be of good behaviour for six months, THE IRRIGATION COMPANY OF FRANCE, It may be remembered that in the recent petition pre sented by Mr. Fox, solicitor, of Newport, Monmouth shire, in respect to the Irrigation Company of France, it was prayed that the concern might either be wound up compulsorily, or under the supervision of the court, or that the value of Mr. Fox's interest might be ascertained, to meet which a sum of £7,000 was deposited in court by order of the judge.. The petition was dismissed as to the former prayers, but the Vice-Chancellor (Sir R. Mains) gave the petitioner the option of either having the whole petition dismissed without costs, or the value of his interest ascertained by arbitration or an inquiry in the chambers, the matter being adjourned until yesterday for purpose of enabling Mr. Fox to decide which alternative he would accept. Mr. Glasse, 9. C., with whom was Mr Napier Higgins, as representing the petition er , now declined to accept the arbitration, and elected to have the petition dismissed without costs, intimating that it was his intention to appeal from the decision in the superior court.—The Vice-Chancellor said he would make an order accordingly, and would take care to let it appear on the. record that the petitioner had declined to avail himself of the alternative offered him, so that the Court of Appeal might be fully informed of the manner in which the case came before them.—Mr. Glasse contended that the rejection ought not to appeal on the record, inasmuch as the circumstance would have a tendency to prejudice his case in the eyes of the Court of Appeal. If the court persisted in the intention which had been expressed,he should demand that the whole thing should appear as a positive order, inasmuch as giving him an option was placing him in a false position. The Vice-Chancellor acceded to the demand, but complained that everything that could be conceived had been done with the view of embarrassing the court. Matters having resulted as they had, the necessity for retaining the whole deposit of £7,000 in court was removed ; and he would therefore direct that £4,000 should remain to abide the ultimate issue of the ease, the balance not to be made available for the use of the liquidators until the 6th of August. He also expressed a hope that the appeal would be investigated by more than one judge, the question as to whether a small body of dissentient shareholders were entitled under any circumstances to a winding-up order, being of such importance that there was the greatest necessity for establishing an authority. Mr. Cotton, Q. C., counsel for the Credit Foncier and Mobilier of England, stated that prior to the appearance of the com mittee of shareholders, for whom Sir Roundell Palmer appeared, his clients possessed a larger interest in the company than any of the other opponents of the petition, and he therefore applied that the whole of his costs might be allowed. The Vice-Chancellor remarked that he could not sanction two sets of costs, except with the assent of the liquidators. All he could en force was the costs of the Credit Foncier up to the time when the committee of shareholders appeared. Mr. Cole, Q.C., who appeared on behalf of the liquid a t ors did not object to the Credit Foncier having the whole of their costs ; whereupon Mr. Glasse complained that the Irrigation Company were, and always had been, playing into the hands of the Credit Foncier.—The matter then dropped, the Vice-Chancellor observing that he had never seen such a case in the court before, and he hop e d never to see another like it to the end of the world. The Marquis of Bate was expected tq arrive at Cardiff on Thursday. THE SUN, LONDON, SATURDAY MORNING, JULY 23, 1870, THE DEMI A 4 TRAGEDY. (Before Baron Channel.) Yesterday, at ten minutes past nine, John Jones, with many aliases, was brought up to Court, from Aylesbury Gaol, and arraigned on separate indictments for the wilful murder of Emmanuel Marshall, Mary Ann Marshall, Charlotte Marshall, Mary Marshall, the elder, Mary Marshall, the younger, Theresa Marshall, and Gertrude Marshall; at Denham, on May 22nd, in the present year. The most admirable arrangements had been made by Mr. Tyndall, the under sheriff, for the accommodation of the members of the press and the public; and the Court was crowded with persons admitted by special ticket. Mr. O'Malley, Q.C., and Mr. Metcalfe conducted the prosecution on the part of the Crown, and the prisoner was defended by Dr. Abdy, the Recorder of Bedford, who was appointed him by the Court. The Court having been opened, the prisoner was asked the question, "Do you plead guilty or not guilty," to the murder of each of the persons, and to each question he replied coolly and promptly, " Not guilty." Mr, O'Malley, in opening the case for the prosecution, accurately described the position of the house of the Mar shalls, and the course pursued by the prisoner, who, he said, had • exhibited the most remarkable determination, and at the same time the greatest absence of caution perhaps ever exhibited. That the family had been murdered was most certain. The last time they were seen alive was on the night of the 21st of May, and no one saw anything of them again until the sister of Marshall went to the house and found it all locked up and silent. Becoming alarmed, as she knew they had not gone to Uxbridge, she got a man named Alderman to break open the door, and there lying about in various positions were the whole of the family foully murdered. After describing the posi tions of the poor creatures, the learned counsel went on to say that they were imperfectly dressed, shewing that they had come downstairs hurriedly, and all met their fate as they reached the bottom. Marshall, although clearly showing signs that he had been dragged about the smithy, covered with grit and dirt, evidently not having walked about the city. as his stocking feet were perfectly clean. At first there had been a ridiculous rumour that the man had murdered his family and after wards himself, but everything indicated that this was impossible, and that, having been murdered, his boots were taken off—boots which were found on the murderer. There were traces of a great struggle in the smithy, and as of a person being dragged about. Upstairs Superintendent Dunham found clothes which would be traced to the prisoner, the whole place was smothered in blood, the whole circumstances indicated that one man alone had done the series of fearful crimes, and the inevitable conclusion to which they must be drawn was that that man was the prisoner at the bar—the man who was found wearing the murdered man's boots, and disposing of the murdered man's property. The learned counsel then traced the course of the prisoner from his leaving Reading Gaol until apprehended, when he actually proclaimed himself the murderer, exclaiming "I never murdered man, woman, or child " before it had been indicated what the charge was against him. Aft er he left the house it wou ld b shewn that he returned to the lodging-house , at Uxbridge, and then and afterwards exhibited money, which he had not previously been possessed of ; wore clothes marvel lously out of keeping with his condition in life,and a watch and chain, and had strange conversations with various persons before and after the murder. The prisoner, by the kindness of the court, had a counsel provided him of considerable ability, who would see that his interests were not neglected, but the jury could come to no other con clusion, he feared, than that the man now before them had committed these barbarous and awful murders. Thomas Dunham, Superintendenr of Police, stationed at Slough, said that in consequence of information he went to Marshall's house on the day mentioned in the indictment, the house being two miles from Uxbridge, on the left hand side of the road. There was a sitting room, kitchen, and pantry on the same floor, and three rooms upstairs. When I went in I found the front door locked, and the key gone, and outside I found blood on the bricks and the door post. Inside the house directly I entered I found Mrs. Marshall. Her head was against the door post and she was quite dead and doubled up. She appeared to have been dragged into the house. She had only her night dress on and had evidently got up in haste. I found Mrs. Marshall's sister lying across Mrs. Marshall the wife. She was also quite dead and had on her night dress, stockings and one boot. I should say she had been dragged from the back kitchen. Both of these had dreadful cuts on them, inflicted evidently with some heavy weapon. After describing the positions in which the other members were fc uncl, together with the terrible wounds upon them, witness continued : I think the old lady and the three children were killed as they came down stairs from the positions in which they were found, and the blood about, but I think the others came further. In the smithy I found Emmanuel lying on his back behind the anvil with his legs towards the wall. I examined his head and his body. I found the left side of his face completely smashed in, and two severe cuts at the back of his head. He was covered over with a sack and an old coat, and there was a pool of blood under his head. I traced the blood from where he lay to the' folding doors, near which was a chaff-cutting or similar, machine, and on this was a quantity of blood as well as on the floor. From this place were traces shewing that something had been dragged along to the anvil. I then went and examined Marshall's stockings, which were per fectly clean, and I should think had been just put on. By the Judge : I am positive that he had neither walked nor stood in his stocking feet, which did not shew the slightest trace of grit or dirt, and I don't even believe he had walked down stairs without his boots. He had no boots on, and his smock and vest were rolled up under his arms as if he had struggled. He had a clean shirt on, and his trousers' pockets were turned inside out. Up stairs I found three bed rooms and a spare room. In Marshall's sleeping apartment was a double bed, and there were clear indications as of two persons having slept in it recently. The bed room is close to the smithy, and any noise in the latter would be easily heard there. The bedclothes had evidently been turned hastily down. In the adjoining room was a bed also, and three persons seemed to have slept there. It presented the same indica tions, that every one had s eem i ng l y j umpe d out i n a hurry In the child's room the clothes were dragged all over the room. In Marshall's room I found a pair of corduroy trousers, which I produce, patched with cloth. The buttons at the time were still wet and saturated with blood. I also found the pair of boots produced tied up in the trousers. They were wet with blood and in the right one there was a patch apparently . of human brain. In the corner of the room facing to the smithy I found an old braided coat, which I pro duce, the old corded jacket, and old blue vest, pocket handkerchief, neckerchief, billy-cocked hat, and-a second small hat. I found the cnpboards and boxes were broken open. There were several things lying about. On the chest of drawers was a watch stand, but it had no watch in it. The drawers were also broken open. About eight o'clock the next morning I went to Uxbridge and took the old clothes with me. I there received a watch and chain (produced) from James Weston, the pawn broker's assista n t. I afterwards met Charles Coombes in the street, and in consequence of what he told me I took him with me to Reading. I went to the Oxford Arms, in Silver-street, and saw the prisoner in the tramps' kitchen there. He was facing towards the door as we went in, (that was me, Coombes and Toulman, the Reading policeman.) Coombes saw him directly he got in, and said,. " there's the man." Jones saw him, and he jumped up in an excited manner, and exclaimed, " I nexer murdered man, woman, nor child." Not a word had been said about the murder by any of us. I walked across the room, and collared him by the throat. Toulman drew my attention to a pistol prisoner was pulling out of his pocket. It was loaded, but not capped, and was precisely similar to one found in Marshall's house. I then put the hand cuffs on him, and charged him with the murder of Mar shall and others. He replied, " I never murdered man, woman, or child ; I stood by, but I never touched one myself." I said, "You've got on the murdered man's boots." He replied, "That may be." I added, "And his trousers ;" and he made the same reply. Witness detailed.the articles taken from prisoner at the time. Cross-examined : I believe he said, " I never killed man, woman, or child," not " murdered," but I will not swear, I was not the first person that entered the smithy. There were marks of dreadful blows on Marshall, and there must have been a severe struggle. I should not think it was a long one. Marshall looked as though he had been dressed for the day. The news of the murder was not publicly known in Reading on the 24th, when I ap prehended Jones. A paragraph had appeared in the papers that day, and the papers get to Reading early. I was in private clothes, and so was Toulman, but he saw Coombes with us of course. Charles Trevener, police-constable, said—On Sunday morning, the 22d, about three o'clock in the morning, I saw prisoner in the village of Denham. He said, "Halloa, policeman, I wish I had seen you before." I said, " What is the matter now?" He said, " Th ere was a man going to throw his wife in the canal." I asked prisoner which way he came. He said he came across the fields. I asked him if he knew the parties quarrelling. He said, " No, I am a stranger about here." I said, "How came you that way if you were a stranger ?" He said one of the men showed him the road. Prisoner went along the Oxford road. I followed, and noticed his dress. He had on the cord clotdes produced. Elizabeth Simpson : I am the wife of a groom and live near Marshall's house. About eight o'clock on the Saturday night I passed Marshall's house, and saw Marshall and his wife go in. I spoke to his eldest little. girl, who was at play close to the house. About seven o'clock on the Sunday morning while searching for a key in the road, which I had lost the night before. I saw a respectably dressed man come out of the house, and I thought it was Mr. Marshall. I overtook him on the Uxbridge-road. He said it was a fine morning. M " Are you for the train?" I told him I had lost my key. He said I had small chance of finding it, for there were tramps along the road from three in the morning. He said that, he nearly ran over a man and his wife last night. I said, " I saw you and your wife go some at eight o'clock last night_" He said he had had home trouble with the man and his wife near the canal, and had told the policeman. He did not answer when I said I had seen him. and his wife go into the house at eight o'clock. I asked him if he found the key to leave is at Mr. Flettany's beerhouse. He said he did not know Mr. Flettany ;he had not been there these six years. I said I thought he was Mr. Marshall, and I said, " Did I not see you come out of the house ?" He said, " Yes ; they have all gone on a holiday." I said I supposed they had gone to London by the six train. He said, " Yes ; by the half-past five." 'Charlotte Bollam—l keep a lodging-house at Uxbridge, and before May last I had known the prisoner. I re member his coming for lodgings on the 21st of May. On the Saturday night, when I was looking round for money, he said, " You won't have any of me to-night, mother, because lam goinc , to my brother's." I sa id it was ver y strange to take lodgings and then not to stay. He went away. I saw him again at a quarter-past nine on the Sunday morning. He came to the door and said, " Good morning." He wa s d resse d i n d ark striped trousers, black coat, light waistcoat, and had a clean shirt on. He was ,respectably dres se d. H e h a d a carpet bag with him. I looked surprised at him. He said, " What was I looking at ?" I said, " Well I may look at you with sur prise, seeing you with a new suit on." He said, " I told you I was going to see .my brother, and he gave them to me." He was wear ing a straw , hat. That was in my house till the Tuesday morning when he was going away just befo re seven . A s h e was go i ng, I said " Here is y our s t raw h a t . " H e said, " Oh, burn the old thing." I said you had better let me have it to put on when I hang out the clothes. He said, " Oh, burn the old thing," and lie put it on the fire. He gave me the carpet bag, and I put it in the place where we put the travellers' things. That was on the ' Sunday. I heard of the murder 'on the Monday night. I told the prisoner that a man had killed himself, his wife, and all the children. I said, " What a shocking thing !" He went out on Sunday night with the carpet bag. Whe n h e came b ac k on Monday he had not the carpet bag. Miss Lyons stated that she gave up to the superinten dent the coat which she bought of the prisoner. Harriet Wilks, a very old and curious-looking woman, said she cleaned up the traveller's room (tramps' kit chen), at the Oxford Arms. She remembered finding in the cupboard a key with a patch of white paint upon it. Other confirmatory evidence was given, and Mr. O'Malley addressed the jury for the prosecution. Mr. Abdy, for the prisoner, argued that there was no evidence that the prisoner was near the place of the mur der, and denied that the witeesses had fully identified him. (CENTRAL PRESS TELEGRAM.) The learned judge having summed up, the jury returned a verdict of guilty. The prisoner, when asked if he had anything to say why sentence of death should not be passed upon him, replied, " Nothing." The judge, assuming the black cap, said :—John Jones, you have been convicted, after a careful and impartial trial, with the dreadful offence charged against you. The whole of the evidence pointed to you as the murderer; and, though I carefully weighed all the points in your favour, I could come to no other conclusion than that the law will be more merciful to you than you were to those poor creatures, as you will have time to make your peace with God and obtain pardon for those most heinous crimes. At the conclusion of the sentence the prisoner stepped down, saying in a jaunty manner, " Thank you, sir." Hisses followed the prisoner, who, glaring at the crowd, was promptly removed. MORE INDIAN TROUBLES BREWING. Late accounts from the plains do not foreshadow peaceful state of things, either present or prospective. Large parties of the Cheyennes and Arapahoes are on the warpath, and the Sioux, with their aggregation of scores of tribes and thousands of warriors, breathe fight and vengeance, while peaceful tribes are prevented from going on their usual hunts, in consequence of the danger of their being mistaken for foes and shot down by Government troops. We believe a serious Indian war is imminent. Everything seems to point in that direction, and there are substantial reasons for it. The swarms of Indian traders, Indian agents, speculators in mushroom "city lots " on the line of the Pacific Railroad, army sutlers, land grabbers, squatters, desperadoes, government employes, cam p fol lowers, disappointed miners, ambitious army officers and thousands of others who are interested in having a big army, with its attendant chances for stealings and jobs, sent to the Indian country, are doing everything they can to get up an Indian row on a grand scale, in order that they may reap personal benefit there from. Throw in a few horrible massacres and it will be a wonder indeed if these influences do not manage to bring on a contest with the savages that will be unparalleled in extent and bloodthirstiness. It would be a good thing for the Government to look these coming Indian troubles straight in the face, and by authorising the Governors of States on the frontiers to call out a few regiments of mounted volunteers to act in conjunction with the regular troops, administer chastisement to the warlike tribes, the effects of which will last a little longer than from one hunting season to another.—New York Herald. A SUIT AGAINST THE CENTRAL PACIFIC RAILROAD. The San Francisco correspondent of the New York Times, writing on July sth, says :—Samuel Brannan has commenced suit against Leland, Stanford, and other directors and officers of the Central Pacific Railroad and of other corporations, and in his complaint alleges that he subscribed and paid for 200 shares of Central Pacific Railroad stock, and now owns them ; that the defendants subscribed for and agreed to pay for 650 shares, but that the said stock was issued to them without a consideration ; that the defendants illegally, as directors of the Central Pacific Road, issued to themselves and others large amounts of the stock of said corporation without valuable consideration, and the said directors managed the affairs of the Company for their individual benefit to the detriment of other stockholders. The plaintiff estimates the various subsidies of the Company at 156,000,000 dols., and charges that only a part of the same has been legitimately ex pended, and that the directors have wrongfully converted the remainder to their own use. He charges that a contract company was organzed under the name of Crocker & Company, through which the directors let contracts to themselves, in some instances, at 200 per cent. above the value of the work done, the aggregate profits of which to the defendants is $7,000,000. The plaintiff claims that the profit s o f th e Central Pacific Railroad Company should be divided pro rata among the stockholders. He gives a history of the connection of Wells, Fargo and Co. with the road, whereby for con sideration of an exclusive control for carrying ex press packages, bullion, &c., the stock of Wells, Fargo and Co. was watered, and one and a half million of dollars of the watered stock delivered to the directors of the railroad company. He avers that the Central Pacific Company has purchased the property and assets of the Western and the Southern Pacific, the San Jose, the Alemeda, and Oakland Railroads, and the Alemeda and Oakland Ferries ; and asks that receivers be appointed, pending this suit, and that the defendants be restrained from disposing of the property of the company. Benjamin F. Butler is one of the defendants counsel. MESSAGES FROM THE SEA. The yacht Cambria, now on her way across the ocean, is to cast overboard at intervals what are called Sea Messengers, for the purpose of testing their practical utility. The sea messenger is an invention of Mr. Julius Vandenbergh's, and it is hoped that it will successfully accomplish what the wonderful contrivance of the hero in Mr. Charles Reade's " Foul Play," was meant to do ; that is, communicate to the world the fate of those by whom it is cast upon the waters. There would certainly be a satisfaction, even if a melancholy one, in knowing what really happened to missing ships, like the ill-starred City of Boston, and, as the intelligence could be written down for transmission, in a few seconds, there is hardly any case conceivable, even the extreme one of collision with an iceberg, when the facts could not be made known to the world. The difficulty, however, has been to devise a vessel capable of carrying the message, and having those needful qualities of tightness, indestructibility, and conspicuousness which alone could give it value. This difficulty the new inven tion is intended to overcome. It is made of tough sheet copper, is water-tight and storm-proof, and externally is said closely to resemble the palm fruit. An internal cavity provides for the safe reception of documents to the weight of sixty pounds, so that important papers can be preserved besides the one recording the condition of the senders. Strong rope loops for hooking on to or hauling in by, a secure flag-staff, and a small metallic flag, brightly painted red, white, and blue, complete the visible gear of the machine, which, it is supposed, either at sea or cast on a reef or beach, must inevitably sooner or later attract attention and fulfil its mission. It is sad to think of the numerous instances in which bottles or other fragile receptacles have been used by mariners in imminent peril of shipwreck. They have hoped at least to communicate the dismal tidings of the manner of their destruction t') their friends, but their frail messengers have met a fate as black and traceless as their own. There have probably been very few cases of maritime disaster in which an attempt of this sort has not been made, and conse quently the number of ships that have sailed from port and never been heard of, afford a miserable list of efforts and failures to transmit the story of their end. Of course, in the hurry and agony of catastrophe, whether the danger be from water or fire, many pas sengers lose their presence of mind ; but sailors who are accustomed to carry their lives in their hands are not so likely to be agitated, and it would seldom happen that among the ship's officers there would he none to retain presence of mind enough to prepare and set afloat a short record of an accident. This might be made the special duty of the officer of the deck in the event of sudden disaster ' whether the peril seemed ex t reme or not. We are glad to know that the present ocean yacht race has been made the occasion for trying so useful an experi ment, and hope that neither the Cambria nor her gallant adversary, the Dauntless, will ever be overtaken by a calamity, such as may render Mr. Vandenbergh's inven tion the instrument for conveying evil tidings. —New York Times. THREATENING LETTERS. A farmer named Willis, acting as a gamekeeper at the Glen, Florence Court, on the estate of the Earl of Enniskillen, at Fer managh, has received a threatening letter, stating that a demand for his life has been made, and cautioning him to desist from impounding cattle found on the Glen moun tains. Another man similarly engaged ha,s also received a threatening letter. THE WAR IN EUROPE. The general deduction from the apercu of facts in Europe is plainly that should all Germanygo with Prussia, and the other powers stand aloof, France, even if aidedby Austria, would have" to make up by discipline, enthusiasm, and gallantry for a heavy discrepancy of numbers. Should she, however, rival in these days the , wild energy of the revolutionary directory, which hurled fourteen armies against the invading strangers and then hunted them back to their own capitals, she might still reap fresh triumphs. Her terrible Chassepots and rifled revolving steel cannon are quite equal if not superior to anything that Prussia has, and she possesses shallow iron-clad gunboats for river service that might scour the navigable Rhine and its tributaries. Again, on the other hand, should Russia, Italy, and Scandinavia, too be forced against her, then, inde e d, th e o dd s wou ld b e alarming. Such, then, are the military aspects of the case, so far as mere numerical array is concerned without con sidering the revolUtionary effervescence now rife all over Western Europe, the great trades union movement, the general drought in France and Spain, and the peculiar condition of finances. Each of these elements must be carefully and separately weighed, but in the meanwhile the spectacle at this moment presented to the world is another convincing proof of the folly, wicked ness, and continual danger of maintaining enormous stand ing armies in the very centre of Christendom.—New 'York Herald. THE SPANISH THRONE QUESTION. With a full knowledge of all the latest details regarding this new movement to provide a successor for Queen Isabella, is our opinion changed ? Not a whit. We must repeat what we have said—a Prussian prince on the Spanish throne is an impossibility, things being as they are. But the complications produced by this new candidate are richly suggestive. We must admit that the Spanish Crown has actually been offered to this young " German lairdy." We must also admit that the offer has not been spurned. It is difficult to think that King William and Bismarck have not both thought over this matter, that they have not been in some sense consulted, and that they have not in some sense also consented. A Hohenzollern on the Spanish throne, in spite of his mixed blood, would be a gain to Prussia. Portugal is already half German, so far as the throne goes. With two German kings in the peninsula where would France be if she called for help in a great struggle against Prussia ? The approbation of Prussia, therefore, proves nothing. It only proves that the Prussian Government is fully alive to her own inte rests. If Prussia has been hoodwinked, she can afford it in such a cause. If she does not gain, she does not lose. It is vain, however,. to specu late. The fruit is bef ore us. France will not have it. France feels already insulted. France is prepared to fight. The difficulties in the way of settling the Spanish throne question are greater than ever. The complications involve many dynasties and several nations. The French government speaks of a European Congress— the undying dream of Napoleon. If a European Congress should grow out of this thing we shall not be surprised. But we shall be surprised if the Prince of the Asturias does not succeed his mother. At the same time we must admit that this Spanish throne threatens trouble, which may take the shape of another revolution in Spain and of another big war in Europe. At last Spain has be come more interesting than Rome, and the throne of Isabella commands more attention than the chair of St. Peter. We begin to forget the Ecumenical Council.— Hew York Herald, of July 7. THE GRANT ADMINISTRATION. The President has lately made some appointments, 3 local and national, that have provoked comment. He favoured a policy with reference to West Indian annexa tion which has not m e t the Approval of Congress. Th ere L are rumours of some impending Cabinet changes. There ' upon the cheerful prophets of defeat come out vigorously ! in their favourite characters. They are sure that Grant 6is becoming very unpopular. They regard his course as ruinous to the Republican party. They feel sure that his Administration •is dropping to pieces. The fact that these prophets are mostly Democrats, or worse, might, with some prejudiced people, disturb confidence in the veracity, if not in the sagacity, of their prediction. Nevertheless they make a certain noise, and command a certain attention, which may warrant giving them a little notice. What is there to complain about? We have not favoured the San Domingo movement • but is it strange or a crime that an American President should wish to aggrandize his country? We have not always been able to like General Grant's appointments ; but we do not just now recall any President all of .whose appointments we did like. What would gentlemen have ? Do they remember how they felt about Mr. Lincoln's Alaska project, or a later Speculation in the Danish West Indies ? Can they recall any particular set of nomina tions for New York City that was received with consenting cheers from all parties and factions ? Gen. Grant made one pledge at the outset which did almost as much to endear him to the popular heart as did his services in the field. "I shall have no policy," he said, "to enforce against the will of the people." He has kept his word, and we do not doubt that he will keep it to the end. There never was a President who subordi nated his own will more thoroughly and unresei vedly to that of the people ; there never was a President who sub mitted more cheerfully to the adverse action of Congress ; there never was a President more unpretending, less ex acting, more sincerely anxious to execute the laws, preserve public tranquillity, and discharge fairly and impartially all the duties of his office. He thinks, as a great many others think, that it would be wise t o secure a f oo th o ld i n the Weselndies. The Senate disagrees with him, and the matter is ended at once. He thinks, as a great many others think, that a certain set of appointments for New York City will strengthen the public service and promote the triumph of sound political principles. The Senate may disagree with him again ; and, if it should, the whole matter will pass out of sight as quietly as the Baez treaty. Thank Heaven ! we have a President who has no policy to enforce against the will of the people. We protest against this picayune way of judging an Administration by a local appointment, or an isolated movement. Gene ral Grant has a solid basis of actual achievements, on which the country may be safely trusted to pronounce judgment. He has taken the most profligate system of civil service the Government ever knew, and has made it efficient, honest, and economical. He has stopped the thefts, and has fairly collected the p u bli c revenue. He has made large payments on the Public Debt, an d y e t so managed the Finances that we can largely reduce taxa tion. He has sedulously preserved the peace abroad, and saved us millions on the frontier by an Indian policy at once new, Christian, and in the main successful. He has done all in his power to hasten the completion of our Reconstruction, and he has given his influence steadily for the restoration of harmony and good feeling between the lately warring sections. These are great things. Opi nions may differ about an occasional appointment—they will not differ in pronouncing these to be the elements of a substantial and enduring success.—New York Tribune. WILLS AND BEQUESTS. The will of Sir James Clark, Bart., M.D., K.C.8., F.R.S., First Physician in Ordi nar y t o h er M a j esty, was proved in the London Court, on the 11th inst., by his son now Sir John Forbes Clark, Bart., the surviving executor. The personalty was sworn under £25,000. He has left the whole of his property, real and personal to his son absolutely. The will of George William Whistler, E sq ., of the city of New York, in the United States, but l a t e of Brighton, Sussex, was proved in London under £lOO,OOO personalty in England.—The will of John Adamthwaite . , Esq.,_ of Oak-hill, Checkl e y, St a ff or d s hi re , was prove d in London under £90,000 personalty.—The will of Ed ward Janson, Esq., late of Abchurch-lane, London, banker, was proved under £90,000. The will of Charles Beard, Esq., of Rottingdean, Sussex, was proved in the registry at Lewes under £60,000 per sonalty. He has bequeathed to the Sussex County Hos pital £350. The will of John Waithman, Esq., of Cal verley Park, Tunbridge Wells, was proved under £40,000. He has bequeathed to the Church Missionary Society the Church Pastoral Aid S oc i ety, the Bible Society, and the Irish Church Missions, each a legacy of £so.—illustrated London News. Mdlle. Sessi, whose engagement in London has terminated, is in Paris, where she will sing next winter in Italian opera. THE BISHOP OF ROCHESTER'S FUND. The Grocers' Company have made a donation of £2OO and the Mercers' of 100 guineas to the Bishop of Rochester's Fund for relieving the spiritual destitution of the deanieries of Barking, Greenwich, and Woolwich. GENERAL GARFIELD.----General James A. Gar field has received the unanimous nomination of his Re publican constituents of the 19th District of Ohio for a fourth term as a member of the House of Representatives The country will approve the choice of General Garfield's constituents. He is one of the few men whose services cannot be spared from the National Legislature. He is a strong, vigorous thinker. a most careful student, conscientious in forming his opinions, and courageous almost to recklessness in their expression. He is not so sound on the Tariff as we could wish ; but he is very fair, and we trust after some wholesome interviews with his constituents he may be yet farther, from being a Free Trader. He will be re-elected by a majority somewhere between ten and twelve thousand— enough for all prac tical purposes, and sure to prevent any contest for his seat.—Tribune. BIRTHS. On the 20th inst., at 42, Tregunter-road, West Brompton, the Hon. Mrs. Francis Byng, of a daughter. On the 20th inst., at 51, Palac e - gardens-terrace, the wife of Arthur Wood, Esq., of a son. MARRIAGES. On the 20th inst., at Witham Essex, Harry Bar nar d , third son of th e l ate William Block, of Peasenhall, Suf folk, to Louisa, youngest daughter of the late Alfred Dunsdon, of Witham. On the 20th inst., at Edinburgh, George Ramsay, Esq., Manager of the Scottish Union Insuiance Company, to Beatrice Ambrosia youngest daughter of th e l ate Sir Thomas Dick Lauder, Bart., of Grange, and Fountain Hall. DEATHS On the 18th inst., at Dover, Lumsden Mackeson, Esq., aged 54. On the 20th inst., at Dundee, John Wedderburn, Esq., of Pearsie, Forfarshire, aged 84. London : Printed by GIDEON ACLAND BOYCE, of No. 112, Strand, Printer, and Published by him at THE SUN Office, No. 112, Strand, in the P recinct o f the Savoy, im t County of Middlesex. Saturday, July 23, 1870. 1 { I Inc eel ch, Poi ass me et a Ala an( Ra tio; Pte.' Wri Don bilic E Wes pore an o Post S i ouc, los. 248, Para the I Roll A the 3sa. 1 had SKI; 7s. g, Holt G midi effec. 84, a IF] Ladii 3s. 6 4 Had diet stow Rolb