The Sun. — London, England, 1870-06-29 00:00:00

SPECIAL UITION. SUN OFFICE, 7 O'CLOCK. TIIIS EVENING'S NEWS. • SPORTING INTELLIGENCE. (BY ELECTRIC TELEGRAPH.) B BURY CLUB MEETING—Tins DAY. HANDICAP SWEEPSTAKES. Lady Annie Ahna Mater Nudity Six ran. BIBURY STAKES. Neuchatel Violet Glenfalloch Five ran. CHAMPAGNE STAKES. Lurley f. Jester Bide-a-wee Nine ran. SELLING WELTER STAKES. Ring Smallhope Invicta BIENNIAL STAKES. King of the Forest Cricklade Count Eight ran. SCURRY WELTER STARES. Ad3laide Robespiere PLATE OF 50 SOVS. Desert Minglus Harmony LATEST BETTING ON THE COURSE. ST. LEGER. sto 2 agst Kingcraft (taken and wanted) 1000 to 80 agat Palmerston (taken) 100 to • 6 agst Normanby (offered) 20 to 1 agst Captivator (offered) 25 to 1 agst Astolfo (offered) 3000 to 100 agst Camel (taken —after 2000 to 80 had been laid) All the horses trained by H. Goater are on the spot. NEWTON MEETING.—THIS DAY. TRIAL HANDICAP. Hunter Scotish Rose' Sensation Five ran. GOLBORNE PARK STAKES. Mulatto Lothair Ruffian Three ran. CITY BETTING—Tms DAY, 10 to 1 agst Capitalist (taken and offered) FlOO to 8 agst Revenge (taken and offered) 100 to 8 agst Indian Ocean (taken and offered) 100 to 7 agst John Davis (taken) 100 to 7 agst Moccolo (taken and offered) 100 to 7 agst Miss Sheppard (taken and offered) 20 to 1 agst Prince Henry (taken and offered) 25 to 1 agst Toby (taken and offered) 'ST. LEG-ER. 500 to 30 agst Captivator (taken and offered) (CENTRAL PRESS TELEGRAMS.) LOSS OF A SCHOONER. On Saturday the German schooner Louise, of Wismar, from Shields, was lost on the Leman and Ower Sand s• The crew managed to escape in their boats, and succeeded in reaching the Leman lightship, on board which they were received. The schooner went down shortly after they reached their refuge. The crew remained in the lightship until Monday, when they were taken off by a Yarmouth smack. They were subsequently landed and taken to the Yarmouth Sailors' Home. EXTENSIVE FIRE IN LEITH. - About five o'clock this morning a serious fire broke out in George-street, near Leith fort, whereby two large tene ments. of five storeys, each occupied by fourteen families, were burnt to the ground. The fire was first discovered on the third fiat ; it soon reached to the one above, and the floors and partitions giving way brought down those below, and enveloped the building in one mass of flame. The families barely escaped with their lives, and very little furniture was saved. The damage to Property is estimated at upwards of £2.000. THE NEW LORD JUSTICE Vice-Chancellor James has been appointed Lord Chief Justice of the Court of Chancery. Mr. Jessel or Mr. Amphlett is looked upon as the successor of the Vice- Chancellor. POLICE INTELLIGENCE.—Tms DAY. A CANNIBAL IN A WORKHOUSE. —Mary Higgins, a pauper, was charged at the Westminster Police Court with assaulting Miss Charlotte Thompson, assistant matron at St. Luke's Workhouse, Chelsea, and also Fanny Cannon, the task-mistress, by biting them. Miss Thomp son nid, in going her rounds with the master, she found prisoner was at work in the oakum room, whereas she should have been in the yard. She ordered her out, but prisoner refused to go, and when removed bit witness severely in the hand. Fanny Cannon, the task-mistress and wife of the porter, corroborated the last witness, and shewed a severe contusion on the hand from a bite from the prisoner. A pauper inmate, who was called to assist in ejecting the prisoner, also proved that she bit his little finger to the bone. The prisoner said she was not going to work out in the cold yard, as she was not well. Miss Thompson said she . was a most disorderly inmate. She was sent to prison for two months with hard labour. FURIOUS RIDING IN HYDE PARK.-Mr. Simpson, a gen tleman, residing in Brompton-square, was charged before Mr. Tyrwilitt, at the Marlborough-street Police-court, with furious riding in Hyde Park, and also with assault ing Police-constable. Robert Anderson, 438 R. Police-con stable Warley, A division, said that while on duty in Rotten-row the previous evening, he saw the defendant. who was on a high-bred horse, ac companied by a lady on another, galloping his horse at a furious rate toward Kensington-gardens. He followed the defendant and attempted to stop him, but did not succeed. He then asked the lady for her address but she refused to give it, and the defendant then came back and said he would give his address if he would let the lady alone, but instead of doing so he rode off and went down the Brompton-road, and on being stopped by a con stable assaulted him, and was then taken into custody. Police-constable Anderson said that on stopping the de fendant, who was going at a furious rate along the Brompton-road, he struck him with a hunting whip. The defendant was fined 40s. for furious riding and 40s. for the assault. The magistrate said he hoped the fine for furious riding would soon be raised to £lO. HORSE COPING.—John Forester, a horse coper, was charged with stealing a mare, the property of James Goldsmith, a carman, of St. James's, Aldgate. It appeared that the prosecutor had a mare for sale, and during last week the prisoner waited upon Goldsmith and said. " I hear you have a horse for sale," and represented that he knew a person that wanted to buy one. He allowed the prisoner to take away the mare, and Gold smith's man accompanied him. The horse was taken to Millwall and shown to a respectable man named Burt, who wanted to purchase a horse. Mr. Burt, foreman, said the horse was not fast enough, and would not suit his master. He declined to purchase it. The prisoner sub sequently took the horse to another place, where he effected a sale. He offered £lO for the horse, which was declined, and promised £3 the following Monday, which was refused. The prisoner sent a receipt up for £lO, which he purported to have received from Mr. Burt for the horse. Mr. Pelham, for theprisoner, said the horse had been fairly disposed of, and the receipt forwarded. Mr. Goldsmith said he never authorised the prisoner to sell the horse at all, and no price was mentioned. He allowed the prisoner to take the horse away on the re presentation that he would find a purchaser for it. The receipt was a mere trick, and had been made out to mis lead his man. The prisoner was remanded. CRYSTAL PALACE.—The number of visitors yes terday was as follows :—Admissions by season tickets, 6,579 ; ditto, on payment, 15,994 ; total, 22,573 FREDERICK MULLETT :VANS.—Again, and after sadly brief lapse, we speak of mourning. We deplore the loss of our old, warm-hearted, faithful friend, F re d er i c k Mullett Evans, who, after severe illness, borne with manly constancy, now rests from the labours of an ener getic and honourable life. He was endowed with hi g h abilities, which he exercised with unflagging vigour almost to the end ; and his generous nature chiefly prized worldly success because it enabled him to promote the happiness of those who shared his love. His cour se i s finished, his work is done, and they who inscribe these lines to his memory will never lament, a more kind, more genial, or more loyal friend. —Punch,. THE EUROPEAN ASSURANCE SOCIETY. IMPERIAL PAiLIA,i EN F. in tee uourt of Vice-Chancellor James, to-day, a petition was presented by Mr. Crowe, a shareholder in the European Assurance Society, for the compulsory winding-up of the society, under the provisions of the Companie' Act of 1862. HOUSE OF COMMONS.—Tms DAY. The Speaker took the chair at a quarter-past twelve. The attendance was not large, and some delay occurred n making a House. Dr. EnEwrrt gave notice that he should move for leave co bring ia a bill further to amend the Sanitary Act of Mr. E. E. Kay, Q.C., and Mr. Napier Higgins appeared for the petitioner; Mr. Fry, Q.C., and Mr. F. C. J. Millar for the society ; and Mr. Roupell for 664 shareholders, representing £172,600, and 3,213 policy holders, representing policies to the amount of £928,711, to oppose the application. Mr. Kay opened the case by remarking that the peti tion was for the compulsory winding-up of a company which was the subject of two similar petitions before the court in October last. Before adverting to the merits of the case, he desired to call attention to an attempt which had already been made to prejudice the mind of the court against the petition, and point out the considerable disadvantage under which both he, as counsel, and the petitioner were labouring in prosecuting the inquiry. Immediately after the presentation of the peti tion steps were taken to secure evidence, which, in cases of that description, was that only which could be regarded as valuable or reliable—the evidence of witnesses who knew most about the affairs of the company, but who, from their intimate connection with the society, were most reluctant to make any material disclosures. Until the petition was presented no steps could be taken to procure evidence of that kind, and then the most expeditious mode of procedure was to apply for the appointment of a special examiner. That plan was adopted in this instance, and the most valuable evidence which he possessed in support of the petitioner had been secured in that way. The examination, however, was not completed in sufficient time, and it was a fact that at the moment he was without a brief of the most important portion of the testimony, and that the petitioner had been unable to make the cross examinations he had intended to make by way of answer to certain allegations which had been made. The Vice-Chancellor : The petitioner ought to be prepared with evidence before taking proceedings. The petition was presented on the 6th June, and it is now the 29th, and under the circumstances ample time has elapsed for conducting a special examination. Mr. Kay urged that he was labouring under the greatest possible disadvantage, and that the greatest expedition has been used with the view of completing special exami nation. Enormous interests were involved, and it was im portant that every inquiry should be instituted in order to ascertain whether it was just and equitable that the society should be allowed to waste the assets of the share holders or be placed immediately in liquidation. The Vice-Chancellor : I am sorry to be of personal in sonvenience to counsel, but must decide the hearing must now go on. Mr. Kay then stated that the company, as was the Albert Life Assurance Company, was composed of a con glomeration of other companies, having no less than thirty-three original organisations amalgamated with it. There were 312,340 shares of £2los. each, and the society had recently been registered under the Companies' Act of 1862. In the year 1868 the policies of the society amounted to £8,700,000, besides which the society was liable upon annuities amounting to between £16,000 and £17,000 per annum, which liability was estimated to be no less than £140,000, and was to be added to the possible liability upon policies. At the present time the shareholders altogether numbered 1,655, and it was esti mated thad the company had received from one source and another since the commencement about £3,500,000. The assets now existing and represented as being valuable —how far they were valuable he would afterwards shew —were £371,000. When the matter was before the court on a former occasion the nature of the balance sheet pub lished for the year 1868 created some discussion. Since that time the balance sheet of 1869 had been issued, and that disclosed the state of affairs down to the termination of the year. The Vice-Chancellor, interrupting Mr. Kay, inquired whether any attempt had been made to obtain the deci sion of the general body of the shareholders in the matter. f):). LIFE ASSURANCE COMPANIES BILL. The House went into 'committee on the Life Assur ance Companies Bill, but, judging from the meagre attendance, the subject had very little interest to hon. gendemen. Mr. Synan, who has not been heard since the Irish Laud Bill passed its final stage in the Lower House, once more raised his voice in protest. He opposed a provision in the third clause, that the deposit should be returnel on £40,009 having been received in premiums inasmuch as the deposit he contended would prove delasive. He thought that if there was to be a guaranteed deposit it ought to be a continuing guarantee, and he alluded to the recent lamentable failures of assurance companies.—Mr. S. Cave informed the hon. - leather for County Limerick that the object of the clause was to prevent the formation of rotten companies for the Purpose of being sold. The hon. member for County Limerick, however, was not convinced, and he maintained that the deposit. of represented the money of per sons starting the company, and it ought to be for the benefit of the policy-holders and the public. It would shew, he reasoned, that the promoters were not men of straw, and it would be considered an evidence of their solvency.—Mr. Shaw Lefevre thought it would be a trifling element of security, but it was not worth while contending for. The amendment was negatived and the clause agreed to. Mr. Sheridan rose with all the confidence imaginable to address the committee on the clause, but he was immediately called to order by Mr. Dodson, the chairman. The hon. member for Dudley, hoWever, remained standing, when the chairman in most emphatic terms called out " Order, order." Mr. Sheridan looked irresolute. He managed to get out " Then, sir, I am very sorry to say—" looked some ,-- hat con fusedly at the chairman, and then sat down. — A somewhat animated discussion ensued on thc seventh clause, which provided that every office should cause an investigation to be made into its financial condition every five years by an actuary. Mr. Anderson moved an amendment that this requirement should only apply to companies formed &ter the passing of the Act, and that those already established should be compelled to Make such inquiry once every ten years.—Mr. I\l`Laren thought the amendment would practically give the existing companies a monopoly and. im pose corresponding hardships upon new companies. —Mr. Cave thought it would be well to make the exception proposed, and the hon. member for the Glasgow and Aberdeen Universities had given notice of an amendment which practically had the same end in view. The majority of the committee were disposed to accede to the proposal of the member for Glasgow, but a di vision was taken, when the r seendment was carried by Si to 1G votes.—Mr. Tiowring sug gested the difficulty of defining what " actuary '' meant, and, inasmuch as the seventh clause was to pro vide against bubble companies, he moved that "an actuary" should be omitted, and " a professional actuary of not less than sevs _i years' standing " inserted instead. — Mr. S. Cave co not accept the proposition, and perti nently asked, " 'What is a professional actuary ? " and added, " there is no professional actuary." The mem ber for Exeter had a supplemental amendment, which provided that unless the actuary should be at the time of the passing, of the Act the actuary of an established company, ho should be a mem ber of the Institute of Actuaries of Groat Britain and Ireland, or of the Faculty of Actuaries in Scotland.—Mr. Cave said ho had hoped that the actuaries might have entitled themselves to Parliamentary recog nition by applying for a charter ; and Mr. Bowling said he fully comprehended the difficulty of bringing that body under the Act. The secretary to the Board 'of Trade, if they adopted the amendment proposed, in . the second instance by Mr. Bowring, it would be by a side wind, giving a legal status to the society of Actuaries, to which any person might belong on paying a subscription.—Mr. Gilpin pointed out the un wisdom of creating the impression that Parliament had made assurance associations safe by the appointment of an actuary. They had had instances where, although actuaries had been employed, the societies had gone wrong. His opinion was that the shareholders and others concerned would cease to exercise that vigilance which alone was their security.—Mr. Monk thought they could not define an actuary in the schedule, and on the other hand Mr. Sheridan believed anybody knew what an actuary was, Although he had no legal status his attention had been directed to vital statistics. Mr. Bowring intimated that his object, which was to provoke a discussion, having been attaineA. he should withdraw his amendment, although he hops- 1 that in the definition clause the hon. gentlemen try to meet his views.—With the view of making the bill as complete as possible, and of affording every safeguard to the people, Mr. W. Shaw proposed to add that when the investigation and report on the state of the company's finances took place the latter should apply to the Board of Trade, who should appoint an auditor or auditors, who should have ample power to examine the accounts and the directors and officers of the company, and that he should report whether a correct view of its affairs had been given. The hon. gentleman also proposed in his amendment that .the person so appointed should report on the nature and value of the assets of the companies.—The proposition did not com mend itself to the committee, and Mr. Lefevre, on the part of the Board of Trade, opposed it. He pointed out that it greatly extended the operation of the bill in, as he believed, a dangerous direction. In point of fact the Board had not the proper officers to do such work, and instead of greater security there would be less.—Mr. Synan opposed the proposal, on the ground chiefly that it was compulsory. He did not think it was necessary to have a second examination of the company's condition, unless those interested asked for an independent investigation. The hon. member for Bandon, finding there was no possibility of carrying his amendment, with drew it.—Several other amendments having been consi dered, Mr. S. Cave moved that the various companies should post their reports to policy-holders, but the propo sition was opposed principally on the score of expense.— Mr. M`Laren supported the amendment, and called attention to the great expense which insurance com panies incurred in the matter of advertising and printing, and Mr. Cave, said it was absurd to suppose that such companies could not afford or should not send a statement of affairs to a person who was interested in them to the extent of £lOO or snore. It was a species of Conservatism in trade which he had never before heard of. A division was taken when the amendment wc_s lost by 119 against 46 votes.—Mr. Shaw moved an amendment which would render it imperative that the companies should send their accounts without being applied to.—Sir. J. C. Lawrence assured the committee, and he spoke from experience when he said so, that many persons would have been saved from ruin if there had been made a clause which made it imperative to deliver accounts.—Mr. Russell-Gurney said it was utterly impossible to send it to a person in Japan, whereupon Mr. Candlish, the member for Sun derland, suggested that that difficulty had been got rid of by the adoption of the words of tho hon. member for Edinburgh, "the United Kindom." After the subject had been thoroughly discussed, the amendment was negatived.—Mr. Synan moved an amendment that instead of the consent of one-fourth of the policy-holders, two fifths should be obtained before an application was made to the court to sanction a transfer,—Mr. S. Cave pointed out the difficulty which stood in the way of the adoption of the amendment, namely, the great number of policies which were held in trust. The amendment was withdrawn. Mr. Anderson called attention to the seventeenth clause which provided that one or more policy holders or share holders should petition for the winding up of a com pany. He proposed to amend the clause by substitut ing the words " not less than five shareholders or ten policy holders." The hon. member remarked that, how ever solvent the company might be, 6he shaiss would become utterly unmasketable, and all payments on behalf of deceased persons would be stopped until an investigation had been made. Mr. S. Cave thought the proposition would have the effect which the hon- member was afraid of, and the Secretary to the Board of Trade pointed out that there was nothing at present to prevent one shareholder going before the Court of Chancery, and the object of the clause was simply to determine what was insolvency.—Mr. Anderson withdrew his amendment, as he had no desire to divide the com mittee.—The remaining clauses having been agreed to, and some few alterations made in the schedule, the bill passed through committee and was reported with amend ments. Mr. Kay replied in the negative. Mr. Fry said that one-half of the shareholders, in fact, were desirous of proceeding with the business of the company. Mr. Kay observed that that must be the case, although the society was alleged to be in a state of hopeless in solvency. But he would ehew that the existing assets were not by any means sufficient to meet the existing lia bilities, and it was not only just and equitable, but ex tremely desirable, that the society should be wound up. The Vice-Chancellor : But I would prefer to ascertain what the opinion of the general body of shareholders is on the question, unless it could be proved that the opinion is withheld by some fraudulent or unfair means. Mr. Kay continued to say that the last-mentioned balance-sheet was framed on a different principle to the former. Since the presentation of the last petition the directors had taken some steps to diminish the current expenses of working the society. The constitution of the board had also been altered, by calling upon a number of directors to resign, and appointing others ; and in the balance-sheet certain items which were objected to on a former occasion, and held to be improperly included as forming the assets of the company, had been omitted. They were indebted on sundry items £79,250185. 9d., whilst the life claims which were admitted and were payable during the next three months amounted to £51,900. At the moment the balance sheet was made out the actual liabilities were £98,574. The policies were payable within three months —therefore if that amount were multiplied by four the probable claims for the year would be ascertained. On the other side of the account the assets were indicated, and the first sum was £33,000 in consols, which he would satisfy the court was specifically appropriated to meet Government and other guarantees, and being so, must be devoted to that object before it was available to meet any other liability. The same remark applied in the case of the items of Indian Government debentures, and the Melbourne Government debentures, the latter being specially hypothecated to meet claims in Australia. The remaining assets consisted of mort gages, life interests, and reversions, and some of those were due from companies which were actually in course of liquidation, and from which, therefore, very little indeed would be realised. One of the companies was that of the Albert Life Assurance, and the evidence was that not much was to be expected from that source. Another asset was in the shape of re-assurances, but the larger part of those re-assurances were from the unfortu tunate Albert Office, and although they were inserted for the full amount, it was obvious that scarcely anything would be obtained, and on the whole he was justified in saying that there was really nothing in the shape of available assets upon which the directors could put their hands to meet claims. The Vice-Chancellor : Have any accruing claims not been met ? Mr. Millar : Not a single one. Mr. Kay said he had contrary evidence as to that. The testimony went to shew that the claims had been mitigated to an extent which had occasioned a great deal of scandal among the officers of the society themselves. The claims had been mitigated because of the difficulty to procure funds, and a large amount of uncalled capital had been called upon, because even with the current in come, which ought to be sufficient, there was not enough to meet the claims. A great number of the items were purely fictitious, and ought not to be included in the assets at all. The result of all this was that during the last year and-a-half large calls had been made upon the society to provide capital to meet their necessities. By no means the whole of the amount which was called upon had been paid, and the directors were so aware of the con sequences that would accrue from an attempt to enforce payment, and of the utter hopelessness of it if any such attempt were made, that no endeavours had been put for ward to compel payment. The Vice-Chancellor : Is the petitioner one of those who have not paid ? Mr. Millar : There are two calls due from the peti tioner. The Vice-Chancellor : Then I won't proceed with the petition until he has paid his calls. Mr. Fry : By postponing the petition, the court would, I think, be inflicting great harm upon the society. The Vice Chancellor : If the society wish it,l will go on with the petition, but I object entirely to a man who does not himself perform his duty, coming here seeking to compel others to do their duty. It is a most monstrous thing, and I never will give a winding-up order under such circumstances. Mr. Kay said the fact was that the petitioner sold his shares before any call was made, but the company refused to let him off. Under that state of things he had not paid the calls ; and, moreover, as there was an enormous arrear of calls allowed to be outstanding, he did not see any reason why he should be made a scapegoat by the directors who had neglected their duty. Mr. Fry : Unless the court is prepared to dismiss the petition, the society would prefer that it was not allowed to stand over. The Vice-Chancellor : It being admitted that Mr. Crowe has left calls unpaid, I do, on that ground, dismiss the petition with costs. It was intimated that an appeal from his Honour's de cision would be made immediately to the House of Lords. A GREAT JEWEL ROBBERY FRUSTRATED. An attempt was made at an early hour this morning to break into the premises of Mr. John Bennett, jeweller, of Cheapside. One of the windows in Crown court was broken, and several iron bars in front of it were wrenohed out of their places. The burglars, however, were dis turbed, and did not succeed in carrying anything away. The window was filled with gold chains, some of them of great value. THE METROPOLITAN DISTRICT RAIL WAY. The directors of the Metropolitan District Railway have decided to adopt the plans and recommendations of their engineer, Mr. Fowler, for their City station. The station will be at the junction of Queen Victoria-street and Cannon-street, with the entrance at the corner of Cannon-street, and in view of the Mansion House and the Royal Exchange. The contractors will commence the work forthwith, and it is anticipated that the station (which will be called Mansion-house Station) will be com pleted and opened for traffic in the beginning of the next year. It is intended on the opening of this station to run trains in each direction at least every three minutes. DEFEAT OF THE COLONEL.—This famous horse, winner of the Liverpool Grand National in two successive years, ran for the Summer Steeplechase at Berlin on the 19th June, and was beaten a length and a half by Jury man. First and second ran at even weights. Three others started. THE SUN, LONDON, WEDNESDAY EVENING, J UNE 29, 1870. SALE OF LIQUORS ON SUNDAY BILL. Mr. RYLAND moved the second reading of this bill, the object of which was to further limit the sale of liquors on Sunday. Alderman LAWRENCE opposed the bill, and talked it out, as the debate ceased at a quarter to six, in accordance with the standing order. The other orders were disposed of, and the Speaker left the chair as there was no member present to move the adjournment of the House.. THE MONEY MARKET AND COM MERCIAL INTEL LIG ENCE. CITY, Two o'CLocx. Business to-day was inactive, but prices for Government Securities remained firm at their quotations. Railways are rather better. Foreign Bonds generally steady. Consols are now, 921 to 921 do. account, 921 ; do. 3 per Cent. Reduced, 921 to 92} ; do. New, 924 to 921; Exchequer Bills, par 5s prem. ; India Four per Cents., 102} to 1021. The Railway Market —Metropolitan are 702 to 711 Great Eastern is 38i ; London and Brighton, 431 ; Caledonian, 77 1 ; South-Eastern 761 ; Manchester, Sheffield, and Lincolnshire, 52 to 521; Great Northern, 1221 ; ditto (A), 132; North Eastern, 1451 Midland; 1451 ; London and Nort h-Western, 129 to 1291 ; 1301 ; Lancashire and Yorkshire, 1321 to 1331; Great Western, 711 to 721. In the Foreign Market Brazilian Bonds of 1865 are 91} to 92 ; Egyptian Seven per Cents. of 1864, 911; ditto of 1868, 821 to 83 ; Spanish of 1867, 311 to 311 ; ditto of 1869, 311 to 311; ditto Quicksilver, Ito prem.; Peru vian, 911 to 921 ; Turkish Five per Cents. of 1865, 531 to 532 ; ditto of 1869, 631 ; and Five per Cent. Italian of 1865, 87 to 89. • In Bank shares Allianc e are q uoted 141 to 151 ; Anglo- Austrian are quoted 16 to 18 prem. ; Chartered Mercan tile, 30 to 31 ; Consolidated,ltofprem ; Imperial Ottoman, 141 to 1 prem. ; London and County, 501 ; London and Westminster, 611 to 621; London Joint Stock, 34 to 35 ; and Union of London, 391 to 401. Telegraph Shares — Ang lo-American, 151 to 161 ; British Indian, 81 ; China, 3to 21 dis. ; Falmouth 91; French Cable, 141 to 151; and Construction and Main tenance, 271 to 271. In miscellaneous stocks, Fore-street Warehouse are quoted at 5 to 6 prem.; Peninsular and Oriental 1867 (New), 51 dis. The America, from New York, has brought £21,900 for England, and the Mandingo, from the Coast of Africa, £2,414. The Manchester markets this NI eek have been opened with a quiet business, at steady prices. The advices from Brazil by the present mail mention that the Minister of Agriculture has adjudged the con tracts for carrying the mails along the Brazilian coast and down to the River Plate to the Liverpol and the Ame rican steamboat lines in preference to the old native com pany. The same Minister, it is said, is pressing through the Legislature the bill to redeem the Government pledge to relieve the Pernambuco Railway, " notwithstanding the hot opposition of several deputies." The report of the Anglo-Mediterranean Telegraph Company (Limited), to be submitted to the extraordinary general meeting on the 6th of July, states that the Board are of opinion that the time has arrived for making the necessary arrangements for duplicating the company's main line, and that they have accordingly entered into a provisional arrangement with the Telegraph Construction and Maintenance Company for laying such duplicate cable by December in the present year for the sum of £lBO,OOO. It is proposed to meet this outlay, together with the necessary engineering expenses, by the creation of a further capital of £170,000, to be divided into 26,000 shares of £6 10s. each, and 100 shares of £lO each, and by the appropriation of £ll,OOO from the reserve fund, making together £lBl,OOO. The half-yearly report of the Bank of New South Wales, presented at Sydney on the 27th of April, shewed an available total of £79,855, including a previous balance of £4,763, and announced a dividend at the rate of 15 per cent per annum, leaving £4,855 to be carried forward. At the half-yearly meeting of the Bank of New Zealand at Auckland, on the 27th of April, the report shewed an available total of £45,513, including a previous balance of £4,539, and a dividend was declared at the usual rate of 10 per cent., in addition to a bonus of ss. per share, equal together to 15 per cent. per annum, and leav in g £8,013 to be carried forward. In consequence of the Spanish Government not having complied with the request that the Three per Cent bondholders of 1841 should be allowed to retain their old bonds, the Council of Foreign Bondholders have applied to the Spanish Government that these bonds shall bear a distinctive stamp, and the numbers be registered at the Stock Exchange. They are verbally informed at the Spanish Financial Agency that these two requirements will be provided for. MARKETS.—THIs DAY. THIS MORNING'S N HOUSE OF COMMONS.—TUESDAY. THE EDUCATION BILL. The Elementary Education Bill was again the first of the orders of the day, and immediately after questioning time, the House went into committee on the measure, resuming the discussion on clause 7. The attendance of lion. members was at the beginning of the discussion very small, and the treasury bench was only occupied by Mr. Cardwell, Mr. Forster, the Vice President of the Council, and Mr. Glyn. Mr. Gladstone made his appearance about half-past two, just as Lord Robert Montagu was endeavouring to persuade the committee to adopt an amendment which stood in his name, that the Revised Code should be put in the schedule of the bill. There was, however, a formidable little knot of the irreconcileables below the gangway. The member for Huntingdonshire contended that they were asked to pass .a clause without know ing what the new code next April might be, although it was certain that the new code might utterly alter the character of the bill. He thought the committee were being hoodwinked and asked to legislate in the dark. His object was to give security to the promoters of voluntary schools. The noble lord stated that an acquiescence to his proposal would prevent agitation, and he alluded to divisions in the Liberal party. As the noble lord resumed Mr. Vernon Harcourt rose, but he had to give way to Mr. Gladstone, who, with a mixture of sarcasm and humour, said the humanity of the noble lord to the Liberal party deserved immediate acknowledg ment. He compassionated the schismatic state in which he found the Liberal party. " But, added the Premier, " probable his lordship derived his inspiration from what had occurred in another place a few nights ago, and had obtained a lively sense of schism in a party." The Premier was loudly applauded on making this " palpable hit." Mr. Gladstone went on to state that the demand of the noble lord would, if acceded to, be fatal to the bill on account of the ob stacle of time and other impediments. His lordship asked them to give certainty with regard to the aid to be given to voluntary schools equal to the certainty which the bill gave in regard tothe rate supported schools. It was simply impossible, remarked the Premier, by any process except one, and that was not only to set out in the bill the whole conditions upon which it was to be administered, but to likewise provide that the sum and disbursements necessary for the purpose of affording the aid should be charged upon the Consolidated Fund, and surely his lordship did not intend that should be the case. In the course of the debate Lord Henley, whilst he hoped that the amendment would not be pressed to a division, expressed an opinion that they ought to have had something definite in relation to the subject laid down. Mr. Foster opposed the proposition. His first objection was that it was an inconvenience to have any code in any Education Bill, and it could not be supposed that they had yet obtained the best means of promoting and stimulating education. He said it was impossible to extemporise a code for the session which should prove a permanent re vised code.—The leader of the Opposition hoped his noble friend would hesitate to press his amendment. Unlike those who had preceded him on his side of the committee, the right hon. gentleman did not think that on the whole they could receive a more satis factory assurance from the Government than they had already received. "It must necessarily," he ex claimed, " I think be in the nature of the Bill before us a moral assurance." This generous admission was properly appreciated, and the Liberals were pretty loud in ther expressions of satisfaction at the course which he had adopted. Of course, after such a statement from his leader, Lord R. Montagu intimated that he would not persevere in pressing his amendment which was negatived in the usual way. Dr. Brewer moved an amendment that the master or mistress of every rate-supported school should keep a register of every admission or dismissal, and that the register should in dicate the degree and proficiency attained by the scholar. Contrary to custom, the hon. member for Colchester made a very short speech. Probably the experience he has latterly gained has awakened him to a sense of the folly of occupying the attention of the House for an inordi nate time on uninteresting subjects. The proposition was opposed by Mr. Forster and withdrawn. Mr. VERNON HARCOURT moved an amendment raising the principle, which he asked the committe to affirm, that in every public elementary school in this country the parents of the children should have some voice in the management of that school. He wished to avoid, he said that most odious contrast between the supremacy given to influence and wealth, and the com parative powerlessness of poverty. He said that by the bill they were going to sell the birthright of the parent in the education of the child " for a miser able mess of voluntary pottage." The hon. member pro duced considerable merriment by this expression, although the Treasury bench was grave enough, and evidently unable to see either the force or the fun of it. Mr. FORSTER opposed the amendment, remarking that the hon. member was mistaken in supposing that the parents were unrepresented or had no voice in the manage ment. Almost all the school deeds which the Education Department required to see before giving a building grant, pre-supposed an election of managers, which was generally brought so low as to make it quite possible for the parents to have a share in the management. Colonel BARTTELOT complained of the course adopted by members below the gangway, especially referring to the hon. members for Birmingham and Oxford. He accused them of "producing cases which were never likely to occur, and which with very rare exceptions, never did occur." He did not hesitate to say that the religious diffi culty would never have been heard of had it not been put into the mouths of people. He thought it was simply mischievous to persuade the poor people that they had a right to have a share in the management of the schools. Mr. COWPER TEMPLE disagreed with the hon. mem ber for West Sussex as to the latter observation. He could not, however, vote for the amendment, although he agreed generally with the object in view. Mr. WINTERBOTHAM thought the Vice-President did not fairly apprehend the purport of the amendment. It was simply that those who were to use and to pay for the schools should have some share in the management. It might be true that the parents might not be fit to sit on the school board, but they were fit to elect it. At any rate, added the hon. member for Stroud, they were fit to choose members for that House. Mr. A. Herbert thought the country would be of opinion that it was monstrous that the parents who contributed so much to the school should have no voice in the management, and that those who contributed so little should have the entire control. —Lord R. Montagu asked the member for Oxford if he knew who the parents were. They consisted, he said, of labourers, game watchers, and those who could not read and write ; and if the school were to be well con ducted. they would require a more intelligent Board. Sir Robert Anstruther contended that the terms of the amendment had been persistently misrepre sented, and whilst he gave credit to the noble lord who had just sat down for his zeal in the cause of education, he thought it would be much better to give those poor "hedgers and ditchers" an interest in the welfare of their children. At five o'clock Mr. GLADSTONE in a full committee re plied to the speeches in favour of the pro position. He said that one sixth of the amount required for the support of the schools by the managers was the proportion to which it might be possible for them by fortunate circumstances and wise management to reduce their pecuniary liabilities. But they were the persons to undertake every liability, who were to provide the building, and who were responsible for all mischances. One-sixth, in fact, was the minimum of that which was demanded from them according to the views of the Government, and of the bill, but that one-sixth might extend indefinitely. They were dealing, as they were told, with voluntary schools. and he wanted to know whether the whole idea of voluntary schools could be so handled as to admit of the compulsory application of Parliamentary machinery devised by the Executive Government, under the authority of Parliament, for regulating their government. The hon. member for Oxford ought to try to attempt to attain his object by a care fully constructed and developed bill. The proposition in volved the construction for each school in the country of a complete representative electoral system.—Mr. Har court, in replying, remarked that some of the observations made on the other side of the committee were very dan gerous. He alluded to the alleged unfitness of the parents, and inquired are they not of our flesh and blood too ?" The inquiry was received with some applause rom those of his own way of thinking. The committee MARK-LANE. At Mark-lane this morning there has been a con tinuance of quietness, the receipts of wheat from Essex and Kent have been limited, and those from abroad have not been extensive ; nevertheless the trade has lacked animation, and sales have progressed heavily at the recent decline. The show of barley has been moderate. The trade has been quiet, but prices have ruled steady. Malt has sold slowly at previous currencies. Oats have been in moderate request, at about late rates. The supply has been moderate. Beans and peas have changed hands slowly at previous quotations. Flour has been dull, at Monday's reduced price. MORE BRIGANDS EXECUTED. Some Turkish soldiers near Janina have killed a brigand chief named Chistolri and six of his followers. THE ISTHMUS CANAL. The news brought by the West Indian and Pacific Mail is not encouraging as to the prospects of the Isthmus Canal. The United States expedition in Panama intends to abandon its efforts, having failed in discovering a prac ticable canal route. ABDICATION OF,QUEEN ISABELLA. The abdication of the ex-Queen of Spain will not, ac cording to the journals of the Government party in Spain, have any influence on the course of affairs. FIRE AT PANAMA. The terrible fire at Panama, of which we have already had some indication by telegraph, broke out it appears on the very day that the Mail steamer Shannon, just arrived at Plymouth, left Colon. It originated in some empty rooms at the Aspinall Hotel, and wax still burning when the steamer started. GREAT FIRE AT OXFORD. A very extensive and most alarming fire happened at Oxford this morning. The destruction of property has been great, but, in addition to this, the occurrence has unhappily been attended with fatal consequences. The conflagration broke out in St. Aldgate-street, and in a very short time the premises of Mr. Chaundy, Mr. Collis, and those of Messrs. Hall and Ridley were completely cons umed. Amongst he t ruins of Mr. Collis's premises two dead bodice i since been found. The origin of the catastrophe s have un known. Delusion, 2 yrs, was claimed at Odiham by Mr. Arnull, and has gone into J. Lowe's stable. Bell's Life says: " We are given to understand that a full declaration of the views of Admiral Rous on the turf of the present day will appear on Thursday in the forth coming number of Baily's Magazine. "Z e The next number of the Racing Calendar will be looked forward to with unusual interest, as it will contain the Report of the Committee of the Jockey Club who are appointed to consider Sir Joseph Hawley's resolutions and his subsequent amendments. NAZERETH HOUSE.—There will be a meeting to day at 6 p.m. at the convent of the Sisters of Nazareth, Hammersmith, respecting the seizure of the beds, &c., of the 300 poor supported there gratis, for parish rates—the Duke of Norfolk in the chair. ACCIDENT IN FENCHURCH - STREET. —Yesterday afternoon a frightful accident happened in Fenchurch street. A man named James Minter, about 37 years of age, was engaged in fixing a painter's staging in front of the house at the east corner of Billiter-street and Fen church-street. The ropes supporting the platform were secured round some balustrades on the roof, about a foot from the copinnd the stage had been raised some 30 or 40 feet from the ground, when the balustrades gave way and the whole came down with a fearful crash on to the pavement and roadway. Minter sustained such severe injuries that he died on his way to the London Hospital. Another man and a lad who were employed about the work were also hart. Two gentlemen who were on the pavement passing by at the time had a very narrow escape of being struck down. So.._ posed by Mr. consideration any set., school which should not regulations provided in schools.—Mr. G. Hardy said i. Binary proposition lie had ever hek, might have a perfeetly'efficient school, ,o be taken into consideration. The ratepayer. compelled to build a rate-aided school to knock it do,. Sir Roundel' Palmer suggested that even when they ha,, done that, the children would not attend the- new school. _ _ _ —The Vice-President thought it would be hardly reason able to force a rate upon a " supplied district," and to force a school upon parents who were already satisfied. The amendment was withdrawn. The question as to what was considered sufficient accommodation was raised by the member for Brighton. He thought it might happen that with " permissive compulsion" they might have an enormous amount of accom modation which Would not be required.—Mr. Forster thought Mr. Fawcett could hardly have been unaware of the fact that the inspector would have to con sider what children did attend, and how many might attend school.—The Vice-President of the Council remarked that compulsion was necessary to obtain a suf ficient school accommodation for all the children of the country ; and one of the chief reasons, he said, why they adopted " permissive compulsion " was, it would prevent a district saying it was unfair to rate them for children who did not attend. The eighth clause, after some further discussion, was adopted. In Clause 9 Mr. Harcourt moved the omission of the words from the tenth line relative to the power of the ratepayers to appeal to the Education Department should they feel aggrieved against a declaration of deficiency of school accommoda tion, and to ask for a public inquiry.—The amendment was objected to and ultimately withdrawn.—The Chair man reported progress, and the House resumed. The subject of the year of grace will be discussed when the consideration of the bill is resumed. At ten minutes to seven the sitting was suspended. THE RIOTS AT CORK. The magistrates refused to accept bail for eight young men in Messrs. Fitzgibbon's drapery establishment who are charged with throwing stones from the roof at the police. Two of the ringleaders of the mob, who visited some establishments, and endeavoured to intimidate the workmen, were arrested. The porters In some of the principal establishments were obliged to turn out. There was no appearance of any renewal of disturbance. PROTECTION IN THE UNITED STATES. The Senate passed yesterday the Southern Paciffic Rail road Bill, with an amendment requiring that all iron and steel used for its construction should be purchased in the United States. The death of Lord Clarendon was formally announced in the Senate and the House of Representatives. RECOVERY OF SPECIE. £lBO,OOO in specie have been recovered from the wreck of the Hamilla Mitchell, which was wreoked last year on the Licouna rock off Shanghai. THE CHINA SUBMARINE CABLE. Advices from China announce that permission has been obtained at Pekin to carry the China submarine cable to Shanghai, provided the end is not landed. THE NOMINATION OF MAYORS. In yesterday's sitting of the Legislative Body, the de bate on the bill relating to the nomination of the mayors was resumed. The Chamber rejected an amendment of M. E. Arago demanding that the communes should not be divided into electoral sections, and rejected also, by 155 votes against 77, M. Cochery's amendment proposing that no electoral section should be established except by the recommendation of the municipal council and the ap proval of the Conseil-General, PARIS IMPROVEMENTS. The Presse states that the Cabinet decided yesterday to raise the loan of the City of Paris to £680,000,000f, in order to continue the public works commenced under the administration of M. Haussmann. ITALY. The Florence Chamber of Deputies has rejected the proposal to hold evening sittings. The motion of Signor Pescatore to adjourn the discussion of the article of the Ministerial Bill depriving the communes of the share of one centime of the tax on moveable property, has also been rejected by 138 agaist 99. The report of the Com mittee on Public Instruction proposes the suppression of many of the university professorships, and reduces the number of the Government schools, and other educational establishments. ROME. The official journal of the Papal States announces that the Pope has held a consistory, when several arch bishops and bishops, including those of Port-au-Prince, Auckland, Springfield, U.S., and Havre de Grace, were preconised. (CENTRAL PRESS TELEGRAMS.) THE APPROACHNG YACHT RACE, The Cambrian and the Dauntless arrived in Cork har bour yesterday from Cowes. At Mr. Ashbury's request the Royal Cork Yacht Club committee have undertaken to start the yachts on Monday. LADIES' ASSOCIATION FOR THE REPEAL OF THE CONTAGIOUS DISEASES ACTS. Last evening a well-attended meeting of women was • held in South Shields, to consider the cruelty, injustice, and inutility of the Contagious Diseases Act. A daughter of the late Mr. Joseph Hume addressed the meeting, and spoke at great length on the subject. A resolution was passed protesting that no commission of inquiry could elicit evidence to palliate such abominable acts. It was further agreed to forward a petition for the total and im medi ate repeal of the Acts. THE PROPOSED ABOLITION OF THE HOME CIRCUIT. At the Herts midsummer Quarter Sessions, held at Hertford, presided over by the Marquis of Salisbury, the committee appointed at the Easter Sessions to present a memorial to the Secretary of State and petitions to the House of Parliament against so much of the High Court of Justice Bill as proposed to abolish the Home Circuit, now reported that they had prepared the petitions as directed, but as th€y were advised that that part of the bill with which they were charged to deal would in all probability be dropped it was sot considered necessary that the petition should be presented, and the committee had much satisfaction in reporting that so much of the bill as proposed the aboli tion of the Home Circuit has been abandoned. Lord Salisbury, by whom the report was signed, remarked that the Lord Chancellor had dropped the proposal with great readiness, and he believed they would hear no more of it. This announcement was received with much satisfaction by the magistrates, and a vote of thanks was passed to Lord Salisbury for his exertions in the matter. THE NEWARK ACCIDENT.-THE INQUEST. The inquest touching the Newark accident was resumed at noon yesterday. After the medical evidence had been taken, Patrick Stirling, the chief engineer of the Great Northern, was examined, and his evidence ran to a great length. The substance of his answers was that the broken axle was of the very best quality, and the flaw in it imperceptible to ordinary tests. He thought it unpracti cable to keep a record of the running of axles, as wheels are often changed from one waggon to another, to save loss of time. He thought an old axle less liable to fail than a new one. The jury, after two hour's consideration, returned a verdict that the persons who met their deaths were acci dentally killed through the breaking of an axle of a Man chester, Sheffield, and Lincolnshire Railway Company's goods waggon running on the Great Northern Railway Company's line. The jury added the following memo randum to their verdict :—" From the evidence given we believe that the luggage train was driven at too great a speed from Retford to the scene of the accident. We are also of opinion that the fracture in the axle which caused it to break had been in existence for some time, and that it was not fit for use. And we think that there should be some limit to the time during which axles are in use. We also think that there should be some means devised for periodically testing axles, the jury being of opinion that the present system is defective." The Coroner was informed by the jury that they wished this memorandum to be communicated to the Board of Trade for the future protection of passengers. DurivlLL and Co., Belfast, are the largest holders of whisky in the world. Their Old Irish Whisky is r ommended by the medical profession in preference to French brand . Sup , plied in casks and cases for home use or exportation. Quotations , on application to Messrs DUNVILLE a Co., Royal Irish Dis tilleries, Belfast ; or at their London Offices, 4, Beaufort Buildings Strand, W,O,