The Sun. — London, England, 1867-07-24 00:00:00

Railway and Other Companies• LONDON, BRIGHTON, AND SOUTH COAST. A meeting of dissentient shareholders in this com pany was held yesterday at the London Tavern— Samuda in the chair. About 50 shareholders were present. The CHAIRMAN expressed regret that some mem bers of the late committee should, since they became directors, have adopted a policy that he considered to a certain extent hostile. He complained of the manner in which the poll was taken on the amend ment. llc condemned the agreement as being bad for the Brighton shareholders. The interests of the Brighton line had been sacrificed to the South- Eastern, more particularly in the case of the tolls to be paid for use of the North London Termini. The Brighton Company might expect new traffic in re spect of their own line, for which the South-Eastern could give no quid pro quo, because its traffic was already developed by its having the Termini in use. He concluded by moving—" That, in the opinion of this meeting, there should be no amalgamation with the South-Eastern Railway on the terms pro posed ; that there should be no issue of ordinary stock, and that any money required should be raised by the issue of preference capital, and that a com mittee be appointed to give effect to these reso lutions." Mr. FIELDER seconded the motion, and after some discussion the resolution was adopted. On the motion of Mr. MILLER, it was agreed that a petition be presented to the House of Commons praying for an alteration or suspension of one of the standing orders of the house. A committee, consisting of Messrs. Samuda, Fielder, Jones, Davis, and Howell, was appointed, and a vote of thanks to the chairman concluded the proceedings. Mr. S. LAING, the chairman of this company, in a circular to the shareholders, states that the re cent conflict between the late board and the com mittee of investigation had left a state of things which made it the duty of the present board to neglect no precaution against a possible defeat of important measures by the concerted action of a very small section of shareholders in a thin and un prepared meeting. Representing as the directors did the interests of about 8,000 shareholders and nearly £17,000,000 of capital, they felt bound on all im portant occasions to obtain as far as possible the deliberate opinion of the general body of share holders. When this opinion was against them they were perfectly ready to resign, but so long as it sup ported their policy they would remain at their posts and do their utmost to carry out such measures as to the best of their judgment seemed calculated to restore the value of the property which had been so grievously depreciated by past errors of manage ment. Acting on this principle, when they found that the late board had concluded an agreement for `amalgamation with the South-Eastern Company, which left the entire result to the chances of an open arbitration (chances which, in the judgment of the present directors, might be very unfavourable for the Brighton Company, awing to the wide discrepancy between the real expenses of the last three or four years and those charged to revenue in the published accounts), they revised this agreement, so as to bring the division of traffic to a definite figure based on actual results, which, after deliberate examination, they were satisfied was more favourable for Brigh ton interests than any probable result of the pro posed arbitration. This revised agreement was con firmed at the recent meeting by a majority of 52,656 votes against 2,988, and the directors believed that it constituted a solid foundation for the future pros p2rity of both companies. The floating debts of the company amounted to upwards of £700,000, of which a portion was very urgent. Sufficient pro vision had not been made for the payment of the debenture interest due on the 15th of July. The new directors had succeeded in making arrange- flints by which the debenture interest and the most pressing small claims had been met, anti the fl tting debt had been reduced by nearly £600,000. By those arrangements the urgent liabilities had been reduced to a more manageable compass, and now remained to raise the requisite capital to deal with the arrears and remainng liabilities for works recently finished, suspended, or in progress. For ths purpose a total amount of less than £1,500,000 would since, of which nearly 1500,000 would be provided by the spare lands and accruing debenture powers, leaving about £1,000,00) to be raised by shares, of which, however, not above £500,000 or £600,000 would probably be required for the next 12 months. The directors had decided on raising this amount by an issue of ordinary stock at a dis count, and they had succeeded in convincing a Committee of the House of Lords of the expediency of this course, and the Bill had just passed a third reading. This mode of issue was more legitimate and better calculated to restore the company's credit than if they were to attempt to pile up more prefer ence stock at a high rate of interest on the already too narrow basis of £5,400,000 of ordinary stock. From numerous communications made to them, the directors were convinced that this mode of issue would not only give general satisfaction to the hold ers of Brighton stocks, and go far to raise the value of the whole of its preference securities, but that it would be an important btep in restoring public con fidence in railway property generally by showing the disposition of ordinary shareholders to meet difficulties in the same spirit as honest men of busi ness would apply to the management of their pri vate affairs. NORTHERN OF FRANCE. The traffic receipts on this company's lines, ol( and new, week ending Bth inst., amounted to £78,071 and for the corresponding week last year to £61,437 showing an increase of £16,634. ATLANTIC AND GREAT WESTERN. The traffic receipts on this company's railway for the last week in June amounted to $92,504, and for the corresponding week last year to $111,762, show ing a decrease of $19,258. The total receipts for the month of June amounted to $380,796, and for the same month in 1866 to $174,441, showing a de crease of $93,645. LONDON FINANCIAL (LIMITED). The half-yearly general meeting of this company was held on Monday at the Baltic, Threadneedle street ; Mr. M. E. Rodocanachi in the chair. The report stated that during the past half year the affairs of the association had received the con stant care of the Board. Considering the disastrous condition of railway property in general, the direc tom were able to report that satisfactory progress had been made in regard to those lines in which the association was interested, and many difficulties had been overcome by arrangements. The directors con tinued to believe that time alone was required to render the property of the association valuable. In accordance with the assurance given to the proprie tors the directors had declined to enter upon any business involving even the smallest risk. The lia bilities of the association were now £284,000, and they would be further reduced to about £200,000, by the balance of call now in course of payment. The contingent liabilities had been reduced to £30,000. The balances at credit of special suspense account and of profit and loss account had been absorbed by losses and depreciation of securities. The call due the 10th of July, 1866, not having been met on 826 shares, on which £2O were paid, had been forfeited. 'The balance sheet showed that £1,095,666 had been . 'received on shares, and the liabilities were £303,115, ,making together £1,398,781. The assets amounted ;to c 1,:393,731, including £13,990 in cash. 'The CHAIRMAN, in moving the adoption of the report, mid the greater portion of their assets were in securities of new English lines of railway. It was to the action of Parliament in sanctioning so many undertakings they had to attribute the great depreciation of railway property. The directors had done their duty to the association. They might have made a great mistake in lending their money to railw ay companies sanctioned by Parliament, but on very carefully looking into the affairs of the lines in whi c h they were interested be thought there was no cause for despondency. They had during the half-year been en gage d in imrroving the posi tion of their assets. Thanks to the their able solicitor they had awaited litigation, and assisted those alone requiring means to develope traffic. Railway property must improve, and were it not for the result of the great panic that had dis couraged so many he thought that several persons having money available could not do better than pick up good railway property at low prices. The association had real security at the back of their in vestments, but time would be required to develope the resources of those undertakings. In reply to a question it was stated that the nominal value of the investments was £2,231,000, on which the association had advanced £1,400,000. They had power to foreclose, if necessary. Mr. MoenisoN thought it very extraordinary thht they could not get plenty of money without making calls for their purposes, as capital was going a beg ging in the market for 2 per cent. interest. Ile sugo-es'ecl that they should reduce the liability of the shareholders to £3O per share. Mr. J. PENNY said he had travelled 240 miles to attend the meeting, he had several questions to ask the chairman, and would insist on answers to them. Mr. GALSWORTILY proposed the appointment of a committee of shareholders, with full power to in quire into the affairs of the company, to examine documents, books, &c., to obtain legal advice, and to report the result to a future meeting. After the rejection of various amendments on Mr. Galsworthy's proposition, it was agreed that the directors' report and statement of accounts be re ceived and entered on the minutes, that a committee of seven shareholders be appointed to investigate the affairs of the company, to examine books, papers, &c., to employ professional assistance if ne cessary, and to adjourn the meeting to a day to be named by the committee. Objections having been made to names proposed, it was agreed that Mr. Holloway, Mr. M'Daw, Mr. Fotheringham, and Mr. Galsworthy be members of the committee, with power, in connection with the directors, to add three more shareholders to the committee, holding not less than 100 shares each, for 18 months. In reply to a question it was stated that the di rectors had paid up all the calls on their shares. Thanks were voted to the chairman, and the meet ing adjourned. LONDON STEAMSHIP (LIMITED). An extraordinary meeting of this company was held at the offices, Coal Exchange, on Monday; Mr. F. C. Pickernell in the chair. It was proposed by Mr. C. Toulmin, seconded by Mr. W. W. Mitchell, and carried unanimously, that an interim dividend of 5 per cent. (being at the rate of 10 per cent. per annum), free from in come-tax, be declared on the shares of the company. The proceedings concluded with a vote of thanks to the chairman and directors. THE LONDON GAS COMPANIES. Yesterday morning, at the meeting of the select committee on the supply of gas to London—Mr. Cardwell in the chair—the discussion of clauses in the Metropolis Gas Bill was resumed. Mr. Davison, on behalf of the Board of Trade, proposed a modi fication of the clause regulating the payment of dividends. Mr. Hope Scott, who represented the gas companies, said his consent to the progress of the bill had been given under a misapprehension with regard to the intentions of the committee as to the recognition of the 10 per cent. dividend. The chairman said the committee had no wish to bind the companies by any such consent. Ulti mately the difficulty on this point was obviated, mainly by substituting the words " as near as may be," for " at least approaching to," in connection with the maximum dividend of 10 per cent. Mr. O'Malley, on the part of the corporation of the city, and Mr. Grove, for the Metropolitan Board of Works, stated that they would much rather have the bill thrown out altogether than have the fore going alteration admitted. Mr. Hope Scott the❑ asked whether the committee intended to allow the continuance of the paying up of back dividends, so as to make a total of 10 per cent. in cases where this had not been realised ? The chairman sail the committee intended to omit that part of the clause. Mr. Hope Scott signified that this would prevent the gas companies from giving their assent. The chairman replied that this being the case, the com mittee would not proceed any further with the bill, but would report their opinion to the house. Ile regretted that this long and, doubtless, very expen sive inquiry had led to no further result at present, but he hoped by the next session of Parliament the companies would be able to introduce a bill which would be considered satisfactory. STA2E OF TRADE. MANCHESTER, July 23.—The market for cotton yarns and cloths has been exceedingly wanting in animation to-day, and it has been difficult to sup port prices. For shipping yarns there are orders in the market, but spinners have been demanding a rise of id. to id. per lb., which buyers would not listen, and it consequently stopped business. In home trade yarns a decidedly quiet tone prevails, and prices may be quoted pretty much as on last Tuesday. This branch of the market is slow and heavy in the extreme. In cloth also the market is dull. Notwithstanding a large business has been doing in cotton at Liverpool for some days at rather higher rates, there is no response to the excitement in the cloth market, bat it has rather had the effect of checking all operations ; and India buyers, who have been of late the chief operators, and are most looked to as likely to give a better tone to business, have all at once withdrawn from the market, and are not buying at all. This hhs given a gloomy character to all branches of the market, and to make sales of India cloths lower prices would have to be taken. A report prevailing of some large India house in London, and connected with Man- chester, being embarrassed has caused a good dei of uneasiness. It is believed there is no foundation for the report, but it is producing a bad effect so long as it is not contradicted. Messrs. John Slagg and Co. report of the cloth market—" There has been a good demand during the past week for the qualities of shirtings suitable for China, and the best known makes of these goods have commanded improved prices. In India staples we have to re- port continued depression, and though the yarn market is somewhat firmer to-day we find buyers leas willing to operate even at last week's rates." LEEDS, 23d.—The woollen cloth markets to-day have been about the same as those of last Saturday, both as to the attendance of buyers and the amount of business done. The finer description of witneys and beavers, in various shades and mixtures, sold to quite as great an extent as in any recent market day. Fancy coatings, too, were in moderate re quest, as were also tweeds. The general tone of the market is quiet rather than buoyant. Prices, those of goods as well as those of wool, are without change. - ROCHDALE, 22d.—To-day's flannel market was dull. Few buyers were present, and they purchased very sparingly. Many merchants are disposed to put of the purchase of winter goods till next mouth, and there was little beyond immediate wants sup plied to-day. There is a moderate business doing by some of the shipping houses. Prices are the same as last week. Manufacturers are as well em ployed as for the last month. Yorkshire goods sell slowly, but without any abatement in prices. The same may be said as to wool. (ADVERTlsEmENT.j—llenceforth no one will doubt the valuable properties. of Du Barry's health -restoring nevalenta Arabica Invalids' and Infants' Food, since to the thousands of blessings it has already received from Invalids whose position had been deemed hopeless, we may now add that of his Holiness the Pope whose health has been perfectly restored by it after thirty years of unsuccessful medical treat:le - at. We quote from the "Gazette du Midi," July 25th :—" Rums, July 21, 1866.—n The health of the holy Father is excellent, especially since, aban toning all other remedies, be has confined himself entirely to Du Barry's Revalenta Arabica, Food, of which he consumes a plateful at every meal. It has produced a surprisingly beneficial effect on his health, and his Holiness cannot • praise this excellent food too highly." We extract a few out of more than 68,000 cures:—Cure No. 88,216, of the Marchioness de Brehan, of seven years' liver complaint, wasting away, debility, nervousness, with a nervous palpitation all over, bad digestion, constant sleeplessness, and the most intolerable ner vous agitation. Cure No. 1,771: Lord Stuart de Decies, Lord Lieutenant of Waterford, of many years' dyspepsia. N 0.40,832 : " Fifty years' indescribable agony from dyspepsia, nervousness, asthma, cough, constipation, flatulency, spasms, sickness, and vomiting.—Maria Joly." Cure No. 46,270: Mr. James Roberts, of Frimley, Surrey, of 30 years' diseased lungs, spitting of blood, liver derangement, and partial deafness Important Caution.— Beware of the many unsavoury and more than sloppy imitations to which, without authority, Baron Liebig's name is most auda ciously attached. In tins at ls. 1 lb., 2s. 9d. 2 lbs., 4s. ed.; 5 lbs., Ils. ; 12 lbs., 225.; 24 lbs., 40s.—BAISRY Do BARRY and Co., No. 77. a tegent-stree,t,london; also Fortnam and Mason, 182. Piccadilly and at 61, Gracechurch-street; 4, Cheapalde; 63, 150, and zor t o z Nrdiatrett no Strand ; and all grocerkancl the at*, _ THE SUN, LONDON, WEDNESOAY EVENING, JULY 24, 1867. SPORTING INTELLIGENCE. lIITNTINGDON RACES-TUESDAY. The Fiizwilliam Selling Stakes of 5 sous each, with 50 _ added. Three-quarters of a mile. Marquis of Hastings's Lady Barbaro, by Lambton— First Fly, 2 3r7s, sst 71b (£3O) (Butler) 1 Lord Westmory.and's Osprey, 2 yrs, sst 101 b (car sst 131 b) (£3O) Mr. Ten Broeck's La Sorrentino, 3 yrs, 7st 71b (£3O) (Barlow) 3 Sir W. Booth's The Cure colt, 3 yrs, sst 101 b (V 0) (Wilson) 4 Betting-2 to lon Lady Barbara, 9to 4 agst Osprey, and 20 to I"bar two." In taking the preliminary canter The Cure colt bolted, and jumped the rails. After one ineffectual attempt the quartette were despatched, The Curo colt holding a slight lead of the favourite, La Sor rentina bringing up the rear. This order was maintained for nearly half a mile, when the leader dropped into the rear, Osprey being left at the quarters of Lady Barbara ; but it was up/trent that the favourite had the race in hand, and retaining the advantage to the end, won with ease by a length. La Sorrentiva was a bad third, and The Cure colt last. The winner was bought in for 110 guineas. Tho Muchingbrook Stakes of 15 sous each, 2 ft, with 100 added, for two year old& T.Y.C. (about half a mile, straight). Count Lagrange's Jenny, by Drumour —Richmond Hill, 7st 131 b Mr. Padwick's Milton ' Bst 51b .... (Deacon) t Prince D. Sultykoff's Coup d'Eclat, 7st 131b...(J. Mann) t The following also ran:—Nutriment, Lord Derby, and Grimston. Betting-2 to 1 agst Coup d'Eclat, 9to 4 agst Grimston, 3 to 1 agst Jenny, 10 to 1 agst Milton, and 100 to 6 agst Lord Derby. Milton made running with a slight lead of the favourite and Jenny, next to whom, close up, came Grimston. The race throughout was a splendid one, the three placed running almost head and head till the last stride, when Jenny, who was in the centre of the pair, just got in front, winning by a head. The favourite and Mil ton ran a dead heat for second place. Nutriment was next, and Grimston last. The Cromwell Plate of 200 sous (Handicap); half a mile. Prince D. Soltykoff's Bounceaway, by Zuyder Zee— Press Forward, 3 yrs, 7st 11Ib (J. Mann) 1 Mr. Chaplin's Volunteer, aged, 9st 41b (Custance) 2 Mr. Payne's Dulcet, 2 yrs, sst 71b (Butler) 3 The following also ran :—Cecrops, Pantaloon, Queen of Trumps, Mrs. Stratton, Pads, Mistletoe, Lady Rosehill, Caprice, Gretna, Feemy, Miss Frances, Valeria, Cauthleen, St. Clair, Benevolence, and Earl of Derby. Betting-5 to 1 agst Valeria, 6to 1 agst Gretna, 7to 1 agst Volunteer, 10 to 1 agst Pantaloon, 100 to 8 each agst Mistletoe, Dulcet, and Queen of Trumps, 100 to 7 each agst Lady Rosehill and Bounceaway, 100 to 6 each agst Cecrops and Dulcet, 20 to 1 each agst Paris and Mrs. Stratton, and 25 to 1 agst Caprice. Won cleverly by half a length, same between second and third. The Huntingdonshire Stakes (Handicap) of 15 sous each, 5 ft, and 3 only if declared, with 200 added. Two miles. Mr. R. Porter's Challenge, 3 yrs, 6st 121 b (inc.7lb ex.) (S Mordan) 1 Lord Wilton's Honeymoon, 4 yrs, Gst 101 b (Kenyon) 2 Mr. E. Green's Vidi, 3 yrs, sst 71b (Humphries) 3 The following also ran :—John Davis, Sealskin, Pintail, Dayrell, Amanda colt, Leases, Nine Elms, Vandyke, and Glengarnock. Betting-3 to 1 agst Pintail, 6to 1 agst Challenge, 100 to 13 each agst Nine Elms and Vidi, 7 to 1 each agst Honeymoon and Sealskin, 10 to 1 each agst Leases, John Davis, and the Amanda colt, and 20 to 1 agst Glengarnock. Leases, the moment the flag was lowered, took up the running, but after going about two hundred yards Pintail assumeel the lead, Leases going on second, fully three lengths in the rear of Mr. Payne's mare and clear of John Davis and Sealskin, next to whom side by side came Nine Elms, Honeymoon, and Challenge, the rear being brought up by Vandyke and Dayrell. Traversing the far side towards the Godmanchester Plantation, Sealskin ran through his horses and took second place. Nine Elms at the flanks of Mr. Savile's horso being third, the last three being the Amanda colt, Dayrell, and Vandyke, the latter of whom was now tailed off, but toiling hopelessly on. Approaching the half-mile post Entail was in difficulties, and immediately resigned the lead to Sealskin, Honeymoon, Challenge, and Vidi, taking their places slightly in the rca: of Nine Elms and John Davis. No material change in their respective positions occurred until the turn into the straight was reached when Nine Elms headed Sealskin and maintained the lead to the distance, from which point a slashing race ensued between Challenge and Honey moon, the first named winning cleverly by a head. Vidi, who passed Nine Elms at the commencement of the en closure, was a bad third ; Nine Elms fourth, and John Davis fifth, Sealskin sixth, Pintail seventh, the Amanda colt eighth, Leases ninth, Glengarnock tenth, Dayroll next, and Vandyke last. The Cambridgeshire Two Year Old Handicap of 5 sous each, with UO added. Half a mile, straight. Mr. Fleming's Tighttit filly, Sst 61b (T. French) 1 Mr. J. Daws , in's Lateef colt, 7st 121 b (11. Covey) 2 Mr. T. Stevens's Ottoman, Sat 21b (Payne) 3 Trifle atAl 3lattie also ran. Betting-6 to 4on the Lateef colt, 3to 1 agst Ottoman, and 100 to 15 agst the Tightfit filly. The Lateef colt on tho far side cut out the work clear of tho Tightfit filly and Ottoman, Trifle and !Hattie being in their rear. At the commencement of the stand enclosure the Lateef colt and the Tightfit filly singled themselves out, the former winning a good race by a head ; bad third. Trifle was last. The winner was sold to Mr. Pryor for 250 guineas. The Kimbolton Cup of 50 sous, added to a sweepstakes of 10 sovs eacb, h ft. Ore mile. -- - Mr. Chaplin's Volunteer ; aged, 9st 121 b (not to be sold) (Custance) 1 Lord Bateman's Moulsey, 6 yrs, 9st 121 b (not to be sold) (Tomlinson) 2 Mr. Mackenzie's Merry Monarch, 3 yrs, Bst (Dixon) 3 Vandervelde, Vixen colt, and Kingley Vale also ran. Betting-6 to 4on Moulsey, and Bto 1 each agst Merry Monarch, Volunteer, and the Vixen colt. The favourite made the running clear of Merry Monarch and Volunteer, the next pair being Kingley Vale and Vandervelde, and they ran thus to the distance, where Moulsey was beaten, and Volunteer, taking up the running, won in a canter by three lengths from Lord Bateman's horse. Merry Mo narch was third, beaten a couple of lengths ; the Vixen colt was fourth, Vandervelde fifth, and Kingley Vale last. The Members' Plate of 100 sovs, added to a Handicap of 10 sovs each, 3 ft (to the fund); three quarters of a mile. Prince Soltykoff's Seringapatam, by Arthur Wellesley —Beauty, 3 yrs, 7st ...(Mordan) Mr T. Golby's Vigilant, 5 yrs, 6st 101 b (Cameron) f 2 Mr J. Elsworth's Cora, 4 yrs, Gst 121 b (Studard) 3 The following also ran :—Troublesome, Skylark, Prima Donna, Rus in Urbe, and Excitement. Betting-5 to 2 agst Seringapatam, sto 1 agst Rue in Urbe, 6 to 1 agst Vigilant, 7 to 1 agst Troublesome and Skylark, and 10 to 1 each agst Cora and Excitement. Vigilant made the running, followed by Skylark, Seringa patam, Troublesome, and Rus in Urbe, to below the dis tance, where Skylark beat a retreat, and Seringapatam, quitting Troublesome, challenged Vigilant, who was over hauled at every stride, the pair running home a dead heat. Cora, who passed a lot of pulling-up horses, finished a bad third; Rus in Urb3 was fourth, Skylark fifth, Troublesome sixth, and Excitement last. Deciding Heat-7 to 4on Seringapatam, who waited on the non-favourite to just outside the distance, where Vi gilant was beaten, and the favourite, coming away, won in a canter by a length. LATEST BETTING ON THE COURSE. GOODWOOD STAKES. 6to 1 agst Jezebel (offered) Even on the following six : —Jezebel, Gomera, Guy of Warwick, Vici, Wild Briar, and Dulcimer (taken). LEGER. 2,500 to 1,000 agst Hermit (offered, after 900 to 400 and 1,000 to 400 had been taken) sto 2 agst Vauban (offered) 11 to 1 agst Achievement (taken to X7Z) Mr. J. Nightingall's Merry Andrew, 6st 71b (Wyatt) 2 Marquis of Hastings's Cuckoo, 7st 91b (H. Day) 3 Sour Grapes, Lady Ward, Mariner, Imogene filly, Vor tigern, Thorndyke, and Cecil also ran. , Betting—Even on Cuckoo-2 to 1 agst Merry Andrew, sto 1 agbt Chivalry, and 10 to 1 agst any other, offered. Won by three-quarters of a length. The Welter Cup of 50 sovs, added to a Handicap of 10 says each, 3ft (to the fund). About lm sfur. Col. Knox's Black Prince, by Voltigeur—Spot, 4 yrs, 10st 41b (Mr. A. Yates) 1 Mr. E. Brayley's Douro, 4 yrs, lOst 81b (Mr. Crawshaw) 2 Mr. W. E. Jones's Lizard, 5 yrs, list 21b (inc. 71b extra) (Mr. Wickham) 3 Enclsleigh and Oddfellow also ran. Betting-5 to 4on Douro, 100 to 30 agst Lizard, sto 1 agst EndsMO], and 7to 1 agst Black Prince. Won easily by a length and a half. The Third Winchester Biennial Stakes of 10 sovs each, with 40 added, for two-year-olds. T.Y.C. (about 5 fur.) Duke of B,,aufort's Europa, Bst Gib (Pordham) 1 Mr. Padwiek's Tom Vernon, Bst 101 b (J. Goater) 2 Won in a canter by twenty lengths. money for a person named Hindley, with a view to ' an investment in the funds. On Sept 1, 1865, the amount in his hands was £146 19s. 4d. ; and for this he gave a cheque on his own bankers, and that cheque, together with £lOO in cash, he received from Hindley. The total amount he paid over at Sey mour and Elwyn's office either to his brother or to the prisoner, and the cheque was returned to him from his bankers as having been paid. Mr. William Alfred Stone, one of the firm of ac countants who had been engaged by the prosecutors to examine and report upon the state of their books in reference to the prisoner's defalcations, was next called and examined by Mr. Besley. He proved that the books of the prosecutors had been placed in his hands in the month of August last year. They commenced from January, 1865, and ended in June, 1866. The examination of the books occupied two ' of his clerks incessantly between six and seven months under his superintendence, he himself hav ing devoted four months to their investigation. The accounts in the books involved transactions of great magnitude. The cash book and ledgers for April, 1865, contained no account of the £902105. cheques in favour of De Zoete and Co., but the cheque for £430 12s. 6d. had been duly entered, and could be traced. On the 6th April, 1865, there was an entry of £lolos. as paid by cheque to the prisoner, whereas it had since been ascertained by the number and counterfoil of the cheque that it had been drawn by the prisoner for £2OO. The witness further proved the embezzlement by the prisoner on the Ist Sep tember, 1865, of £2OO, as shown by an entry by him in his cash book of the payment into the bank of £1,952 16s. 7d., whereas the sum actually paid in by the prisoner, as shown by the bankers' pass book, was £1,752 16s. 7d., being a deficiency of £2OO. On the 11th Jan., 1866, the cash book con tained an entry by the prisoner of a payment into the bank of £6lB 155., but there had been no actual payment, and it was not in any way accounted for. In the same way the cheque received by the prisoner from Mr. Payne - for £l3O was not accounted for in any way. Though the examination of the books was commenced in August last, it was not until he made him report that he had arrived at the gross amount of the prisoner's deficit or defalcations, but in September last he was aware that they amounted to considerably more than £2,000. In his cross-examination by Mr. Sleigh, the wit ness stated that the books he examined were such as were generally kept in a stockbroker's office. In the ledger for 1864.5 he found a debtor and creditor account between the prisoner and the prosecutor. This account commenced on the 15th January, 1864, and went on to the end of December, 1865, and it disclosed transactions between them to the extent of from £B,OOO to £lO,OOO in the aggregate. The learned counsel proceeded by his questions to analyse the various items comprising the account, but nothing material was elicited. In his re-examination by Mr. Besley, it was elicited from the witness that the total deficits amounted to £14,293 15s. 9d., including all the cases which had been examined into before the pre siding alderman. Mr. Besley applied for a summons to Mr. Graves, a stockbroker, to attend to give evidence, and to produce a cheque of the proceeds of which the pri soner had availed himself, and he must ask for a further adjournment for Mr. Graves' attendance, as with his evidence he should close the case at pre sent. If those engaged for the prosecution should consider it necessary to prefer further charges, due notice of the particulars should be given to those engaged for the defence. The applications were granted, and the prisoner was further remanded until this day (Wednesday). Mr. Sleigh expressed a hope that the depositions would be furnished without delay, to enable him to apply to a judge at chambers to admit the prisoner to bail. George 111. Had George 111. been born heir to absolute sovereignty, his reign would have been one of the luckiest. accidents possible for his subjects. He had certain qualities which win for absolute monarchs the loyalty of their people and the devotion of their personal adherents. His theory of government somewhat resembled that of the governor of a Crown colony, assisted, but not controlled, by his council. As it was, George 111. was after 1790 extremely popular with the bulk of the English people, w ho knew nothing of his relations towa r d s the leaders of political parties, and cared little for the punctilios of constitutional government. To the traders and bankers outside the circle of metro politan agitation—to the squirearchy in the coun try, to the middle-class inhabitants of provincial towns—above all to the clergy and the yeomanry, it was a matter of supreme indifference that their King was suspected of intriguing to oust George G r enville, or of circumventing Lord Rockingham, •or of conspiring to make the great Commoner un popular, or holding in reserve a corps of devoted official Janizaries prepared to upset his recognised Ministers. To some of them the worst of these suspicions appeared—and we think justly appeared —to be destitute of foundation. To the majority they a ppeared utterly unimpo r t an t . T hey saw in the King a man who practised th e v i rtues which they themselves most admired, and reflected the prejudices by which they themselves were mainly actuated. He was temperate, he was frugal, he was industrious, he was devout, he was courageous, he w as affectionate. Did not the King work harder at public business than the generality of merchants worked at their own ? Was not his dinner the model of a gentleman-farmer's family dinner ? Did not the King ride about the country without pomp, and talk to yeoman and farmers like the good " Farmer George" that he was ? Did he not keep his accounts with marvellous minute ness ? Did he not date each of his letters with a methodical precision and particularity unrivalled by scriveners, bankers, and lawyers. Again, had not they seen him on the day of his coronation, un advised by precedent or counsel, himself doff the Royal Crown that he might with becoming humility partake of the Holy Communion ? They knew, too, how, on ascending the throne, he had rebuked a courtly preacher for a too adulatory sermon, and how he had written to most reverend prelates to express his disapprobation of thesecular festivities which had violated the traditional sanctity of episcopal palaces. At a later period than that of Lord North's Ministry good and thoughtful persons were melted into tears at the spectacle of the aged monarch going to the great metropolitan cathedral to return humble thanks to the Almighty for His goodness in restoring him from the dread darkness of a malady worse than death to life, reason, and health. They knew, too, that on occasions which made Ministers and Privy Council lors mute through fear, the King alone had breathed courage into the cowed and hesitating circle. It was to his promptitude and spirit that London owed its rescue from the anarchy, at once shameful and ter rible, with which the grotesque fanaticism of Lord G. Gordon had afflicted it. It was the King who took down on the spot Wedderburn's opinion that the troops might be legally employed ; it was the King who ordered them to be called out; it was the King who declared his reaiiness to lead them. When an angry mob pelted the royal carriage on its way to Westminster, and his courtiers turned pale at the rude assault, the King alone was calm and undis mayed ; when fired at in the theatre, lie alone of the royal party retained his composure. It was in no vaunting spirit of fictitious bravery, then, that the King had written in 1755, when incendiary handbills were circulated about the streets of Loudon to pre vent the meeting of Parliament—" These handbills are certainly spread to cause terror ; that they may in the timid duke (sc. of Grafton) I saw yesterday, but I thank God Jam not of that make. I know what my duty to my country mikes me undertake, and threats cannot prevent me from doing that to the fullest extent." Indeed, next to gambling and de bauchery he seems to have had the most utter aversion to cowardice. He is never tired of sneering at the pusillanimity which made the Duke of Graf ton desert him, and contrasting it with the courage shown by Lord North in confronting the dangers and respon sibilities of office. If his courage and firmness de generated into an obstinacy which resisted the elo quence of reasoning and the logic of facts, a few brilliant statesmen or profound philosophers might deride a stubborn temper which the King shared WINCHESTER RACES- TUESD.SY. The Second Winchester Biennial Stakes of 10 sovs each, with 30 added, for three-year-olds ; colts Bst 101 b, fillies and geldings Bst 61b, untried allowed 31b ; the second to save his stake ; one mile ; 22 subs. Duke of Newcastle's Julius, by S t. Albans—Julie, Bst 101 b (J. Daley) w.o. The Citizens' Plate of 60 sovs (Handicap). Half a mile. Mr. G. Hodgman's Northern Star, by Cape Flyaway— Star of India, 2 yrs, 5 101 b (car. sst 111 b (Quince) 1 Mr. Samuel's Chivalry, 2 yrs, 6st (Peppier) 2 Mr. P. Genge's Miss eamerine, 2 yrs, sst 71b (Andrews) 3 Lillie, Ammunition, Peggy, Angelica, Fair Stur, and Crossfire also ran. Betting-5 to 2 agst Chivalry, 3to 1 agst Ammunition, 5 to 1 each agst Lillie and Northetn Star, and 8 to 1 agsi Peggy. Won cleverly by a neck. The Railway Plate of 40 sovs, added to a Sweepstakes 01 5 soya each, for all ages. Five furlongs. Mr. Flight's Henrietta, by Gunboat—Miss Fanny, 2 yrs, sst 71b (.£3O) (Webb) 1 M. A. Day's Flying Spanker, 3 yrs, 6st 71b (£3O) (Elton) 2 Mr. J. Nightingall's Alarmist, 2 yrs, lst 71b(£30) (Wyatt) 3 Sultana, ZJolite, and Penthesilea also ran. Betting-6 to 4 agst Alarmist, 3to 1 agst Penthesilea, 4 to 1 agst Henrietta, and 5 to 1 agst Sultana. Won cleverly by a neck. The winner was bought by Mr. A. Yates fur 150 guineas. Match. Mr. Flight's Viscount St. Alban's, by St. Alban's—Tar nish, 3 yrs, 9st (Withington) 1 Capt. Berner 's Golden Leaf, 3 yrs, 9st (J. Goater) 2 Betting— 4to 1 on Golden Leaf. Won in a canter by ten lengths. - - The Hampshire Stakes (Handicap) of 10 sous each, h ft, 40 added. One mile five furlongs. Mr. W. E. Jones's The Lizard, by Knight of Kars — Marmalade, 5 yrs, 7st 61b (Wyatt) 1 Mr. J. Day's Harpenden, 3 yrs, sst 71b (I!ranglei 2 Mr. H. Goater's Secrecy, 3 yrs, Sat 71b (Webb 3 Mr. E. Brayley's Pearl Diver, aged, 7st 121 b ~,(Murray 4 Betting-11 to 8 on Wizard, 3 to 1 agst Pearl Diver, and 4to 1 agst Harpenden. Won by half a length. The Winchester Nursery Plate of 100 sous (Handicap). T.Y.C. Mr. Samuel's Chivalry, by Tournament- 7 Spots, Gst 131 b (Peppier) 1 RADCLIFFE MEETING-3IoNDAY. Stewards—The Earl of Wilton, the Earl of Stamford, and Colonel Towneley. Judge and Handicapper—Mr. IL Johnson. Starter—Mr. W. Elliott. Clerk of the Course Mr. Lawley. The Heaton Park Handicap of 5 sous each, with 30 added ; certain winners 71b extra. About one mile. Mr. Alexander's Merry Harp, by Trumpeter - Glacis, 5 yrs, Bst 101 b ................................... (J. Snowden) 1 Mr. C. Clarke's Bedford, 3 yrs, Bst 21b .....(Thorpe) 2 Mr. T. Cliff's Moresca filly, 2 yrs, Gst 91b (in. 71b ex.) (Toon) 3 Prenezo Garde also ran. Won by a neck. The Two Year Old Stakes of 5 sous each with 40 added ; colts Bst I.olb, fillies Bst 71b, winners extra, maiden allowance. About half a mile. Mr. Denman's Lady Diana, by Caterer—Satanelli, Bst 121 b (io. 51b ex.) Mr. Lincoln's Uncas, 9st llb (in. 51b ex.) (H. Taylor) 2 Mr. Smith's Orange Blossom, Bst 21b (car. Bst 41b) (J. Snowden) 3 Captious gelding and Gouvernante also ran. Won by three lengths. The Wilton Cup of 100 sovs, added to a handicap sweep stakes of 10 sovs each ; certain winners extra. About one mile and a half. Mr. B. Osborne's Deceit, by Fandango—Delusion, 3 yrs 6st (G. Walker) 1 Mr. Cowen's llawkswell, 4 yrg, Gst 101 b (car. 7st) _ _ (Lawrence) 2 Mr. Goodlass's Empress of India, 6 yrs, 7st 71b (R. Challoner) 3 Begum, East Lynn, and Comedian also ran. Mr. Good lass declared to win with Empress of India. Won easily by three lengths by Deceit. Tho Selling Handicap of 5 sovs each with 30 added; win ners after the publication of the weights 51b extra. About five furlongs. Mr. Johnson's Rosa Nera, by Pelion—All Black, 3 yrs, 6st 121 b (Cameron) 1 Mr. Stanley's Captain, 3 yrs, 7st (Gradwell) 2 Mr. Alexander's Madame Bosco, 4 yrs, ist (il. Clarke) 3 Gentille, Distraction, Flying Jib, King Chaples, and Bishopdale also ran. Won easily by a length. The Bury Plate Handicap of 40 soya ; certain winners ex. About six furlongs. Mr. Cliff's Crown Prince, by Newminster—Princess Royal, 4 yrs, Bst 121 b (Maidment) 1 Mr. Alexander's Merry Harp, 5 yrs, Bst 41b (in. Sib ox.) (J. Snowden) 2 Mr. Clarkson's Mountain Maid, 3 yrs, Est 101 b (Cameron) 3 Harry Hie-over also ran. Won by four lengths. TUESDAY. The Bolton Plato of 40 sovs (handicap). About ono milo. Mr. T. Cliff's Crown Prince, by Newminster—Princess Royal, 4 yrs, Bst 101 b (Maidment) 1 Mr. G. Lloyd's Harry Hieover, 4 yrs, Est 101 b (G. Walker) 2 Betting-3 to lon Crown Prince. Won in a canter. The Craven Two Year Old Handicap of 5 sovs each, 2 ft, with 40 added; winners of any race value 50 sovs after July 17 (at noon) 51b extra ; tho second to save his stake ; about six furlongs. 17 subs. Mr. Eastwood's Evelina, by Kettledrum or Hubert— Evadne, Bst llb (Doyle) 1 Mr. J. Denman's Bliss, 7st 71b (H. Clark) 2 Mr. J. Osborne's Jenny Mills, Est 121 b (G. Walker) 3 Mr. J. Parker's Electricity, Gat 9,13 gelding, (J. Edwards) 4 Mr. Smith's Sirocco, 6st 121 b ar. Est 131 b) ...(Howarth) 5 Mr. Thompson's Captious 7st 7lb ... (Renshaw) 6 Betting—Even on Bli ss, 7 t o 2 ag st Jenny Mills, 5 to 1 agst Evolina, and 9 t o 1 ags t an y other. Won by six lengths. _ The Chesterfield Cup of 50 sovs, added to a Handicap of 5 sovs each, 2 ft; once round and a distance. Mr. T. Cliff's Crown Prince, 4 yrs, Bst 101 b (Maidment) 1 Mr. Goodlass's Begum, by Guicowar, 4 yrs, Bst (R. Challoner) 2 Mr. J. Parker's Comedian, 3 yrs, 7st 51b ... (J. Edwards) 0 Betting-6 to 4on Crown Prince, and 13 to 8 agst Begum. Won by six lengths. The Grey de Wilton Cup (Handicap) of 100 sovs ; winners of any race value 100 sovs after July 17 (at noon) 71b, of two or tlio Wilton Cup 101 b extra ; about one mile and a half. Mr. C. Clarke's Bedford, by Yellow Jack, dam by lon, 3 yrs, 7st 21b (Gradwell) 1 Mr. R. - )Aborne's Deceit, 3 yrs 7st lib ... (Ii Cliaßoner) 2 Mr. W. Cowen's Hawitswell, iyrs, 7st 111 b (Lawrence) 3 Mr. Dubsou's The King's Daughter, 3 yrs, Gst 10Th (Handley) 4 Devotion, Barnabo, and The Squire also ran. Betting-5 to 2 each agst Deceit and Hawks we ll, 3t o 1 agst Barnabo, and Bto agst Itufford. Won by a l eng th . The Scurry Handicap of 5 sou s eac h , with added ; about six furlongs. Mr. Alexander's Merry Harp, by Trumpeter—Glaeis, 5 yrs, 9st .......... ............ ................... (Hoyst e ad) 1 Mr. Stanley's Cuptatn, 3 yrs, dst 4lb ............ (Gradwell) 2 Mr. Smith's Orange Blossom, 2 yrs, 6st (Cl Walker) 3 Mr. J. Osborne's Bishopdale, 2 yrs, GA ......... (W. Platt) 4 Rosa Nera, Mountain Maid, and ttouvernante also ran. Betting-5 to 2 agst Rosa Nera, 7to 2 each agst Orango Blossom and Merry Harp, and 4 to 1 each agst Captain and Bishopdale. Won by four lengths. RIPON MEETING. Weights for the St. Wilfrid Handicap. Ono mile and three-quarters. Age st lb Sundeelah 6 8 1 3 Moldavia ... 5 8 7 Belmont ... ... 48 5 Lion 5 8 3 Westwiek 4 0 War 4 7 9 Raglan ... a 7 9 Fitzroy ... ... 47 6 a 7 4 Hawkswell ... 4 613 Weights for the Meml Age st lb Sundeelah... ••• 6 9 Moldavia ... 5 8 8 Honesty ... 4 8 8 Belmont ... 4 8 7 Lion 5 8 5 Skylark 6 7 12 War ... 4 7 9 Raglan ... a 7 9 Three per Cent. 47 8 Fitzroy 4 7 7 Holstein 5 7 2 Age st lb Jura • 4 6 12 Chronometer 4 6 11 Beechwood ... 4 6 5 Louisa . ... 3 6 3 John Osborne 3 6 1 Reltub 3 6 0 Deceit • 3 6 0 Liberal ▪ 3 5 12 Rabbit Trap 3 5 12 Policy ▪ 3 5 8 ers' Plato. One mile. Ago et lb Jura • 4 6 13 Chronometer 4 6 12 Sylph , „.. 4 6 12 Perseverance (late In) • 4 6 Beeochwood 4 6 11 6 Louisa 3 6 6 Deceit ▪ 3 6 1 Reltub .„ 3 6 1 Lapidist's dam f 3 511 Policy ~.3 5 7 THE EXTENSIVE EMBEZZLEMENTS BY A STOCKBROKERS' CLERK. At the Mansion-house police court yesterday, William John Hurst, late of Hawkshurst.lodge, Lower Sydenham, clerk, was brought up before Al derman Sir R. Carden for further examination on the charge of embezzling and stealing large sums, the moneys of Messrs Seymour and Elwyn, of Throgmorton-street, stockbrokers, his masters and employers. Mr. Besley again attended as counsel to conduct the prosecution ; and Mr. Sleigh appeared, as at the previous examination, on behalf of the prisoner. Mr. Begley said he proposed now to complete that part of the case opened at the last examination, re lative to the stealing a cheque for £902 10 s. , pur porting to be drawn by hi m i n f avou r of Messrs. De Zoete and Co. It w ou ld b e remem b er ed that it had been shown that the prisoner, on April 3, 1865, drew a cheque for that amount, and obtained to it the signature of one of the firm, and that upon that day no such sum was du e by them to Messrs. De Zoete. He should now show that no such cheque ever passed through the hands of De Zoete and Co., but that another cheque for £430 12s. 6d. was re ceived by them on 4 th April, an d was passed in the regular way th roug h their boo k s . Mr. Henry C. Bunning, cas h clerk at Messrs. De Zoete's, was th en called, and proved th at on refer ence to the cash-book he cou ld state positively that on April 3, 1865, th ere was no s uch sum as £902 10s. owing to his firm by t h e p r osecutors, and that no cheque for th at amount ha d ever been received by them. On Ap r il 4 (on the f o llowing day) there was a sum of £430 12 s. 6 d . d u e, and for that the prosecutors' cheque had been received and been paid by witness into the bankers to the credit of his em ployers' account. _ _ _ Mr. Besley said that completed the case of steal jug the cheque for £902 10s., and he should close the case of steali ng a sum of £l OO und er these cir cumstances. On Sept.-1, 1865, pers on named Hind - ley entrusted t o th e b rother o f 11r. Elwyn, one of the prosecutors, the sum o f £ 2 46 13s. 2d. for the purpose of an investment, that sum consisting of a cheque for £146 12s. 6d. and £lOO in cash. This sum was paid over by Mr. Elwyn either to his brother or the prisoner at the office of Seymour and Elwyn. The cheque had been paid in, but the cash had not in any way been accounted for in the book of the pro secr.tors' firm. Mr. Henry V. S. Elwyn was examined, and proved that he was brother of Mr. Elwyn, of the firm of s°3lll°llr and Elwyn, and that he had held a sum of with half the ploughboys and eaters in his king dom ; but the great majority of the nation was proud to think that the King had the fortitude to maintain opinions which were common to them selves and.their Sovereign.—Edinburgh Review. SPIRIT OF THE PUBLIC JOURNALS. TlMES.—Whatever may be the demerits of the Reform Bill, it has the crowning merit of success. Lord Derby may bemoan th e t en d er merc i es o f _ _ friends, when Lod Carnarvon justifies his defection from the Ministry and protests against being sup posed an accomplice in the " organised hypocrisy" which believed in Household Suffrage, but opposed a .£7 rental qualification ' • or he may chafe when the Duke of Argyll, while supporting the bill, throws all his power into a denunciation of the Con- servative Ministry which has fathered it ; but at the end he may congratulate himself that the bill is safe. At half-past one o'clock this morning, after a debate of remarkable power, sustained through two long nights, Lord Grey's Amendment was negatived without a division, and the bill was read a second time. Lord Grey would not withdraw his amend ment, but, disappointed by Lord Russell of the sup port he had expected, he did not divide the house. The result, which was from the first inevitable, compensated the Ministry for some incidents of the debate. In the " Life of Lord George Ben tinck," which Mr. Disraeli published when recon structing the Conservative party, he pictured the distress of Sir Robert Peel at seeing the county members he loved troop into the lobby to punish him by an adverse vote on an Irish Coercion Bill. Lord Derby must have felt a similar pang yesterday when two such men as Lord Shaftesbury and Lord Harrowby—whose names are towers of strength, and whose Conser vatism has ever been tempered by the liveliest sym pathy with the people, and an active zeal for the improvement of their condition—were foremost to denounce the measure he had submitted to the House of Lords. The most weighty speech of last night was delivered by Lord Cairns. It contained the best defence that could be offered for the con duct of the Ministry, and, it must be added, that it did not come too soon. Up to the time when Lord Cairns rose, Lord Derby had not met with much efficient support. The middle-aged officials who are kept, according to Lord Granville, in the back ground, naturally found themselves in a false posi tion when called to the front, and they were quite unable to cope with such antagonists as Lord Grey and Lord Carnarvon, Lord Granville and Lord Shaftesbury, the Duke of Argyll and Lord Har rowby. Lord Cairns, however, said everything that could be said o n hi s s id e . lie excited, as he has often before excited, the highest admiration of his skill as an advocate, though at the same time he im pressed us with an equally strong sense of an ad vocate's deficiencies. Lord Cairns first adverted to an argument advanced by Lord Harrowby, who had declared that under the proposed franchise the working classes would govern the boroughs, and the boroughs would govern the House of Commons which even now governs England. Lord Cairns replied by quoting the old proof, that the child of Themistocles—Eparainondas, he strangely said—governed the world ; and under cover of the laughter excited by the parallel, escaped the task of refuting the argu ment. The gist of Lord Cairns's speech, how ever, consisted in his apology for the enfran chising and redistributing clauses of the bill. He asked triumphantly at what stage short of household suffrage the Government could have stopped ? The £lO householders were a privileged class, selected out of the householders of the kingdom, and it was inevitable that the limit should be enlarged. The value of the qualifying tenement must be reduced to £6, and he gave reasons for believing that it would he vain to think of stopping there. Party would out bid party until all householders were enfranchised, and it was wiser to proceed to that end at once. We have always supported this result, but we must guard ourselves against being supposed to accept all Lord Cairns's arguments. We cannot be blind— we cannot but marvel that he should be blind—to the consequences of his reasoning. It is a striking instance of the effect of concentrating attention, as an advocate must, on a single issue. Lord Cairns spoke of the £lO householders as a privileged class, se lected out of the householders -of the kingdom, and he justified the Ministry in abandoning the defence of privile ges w hi c h were indefensible. 'But to what does this lead ? The £lO householders were not selected out of the householders of the kingdom, but out of the householders within a certain number of limited areas, called boroughs, marked out on the map of the kingdom ; and Lord Cairns's argument thus goes the length of enfranchisine , every house holder in county or town throughout the land. We are not quite sure that Lord Cairns may not have some suspicion of the conclusions to which he must arrive, as we find him apologising for the main tenance of a " hard and fast" line in counties, on the simple ground that it was impossible to adopt house hold suffrage there because there were so many oc cupiers in counties who were not householders. We may infer that had all county occupiers been house holders Lord Cairns would have defended house hold suffrage in counties. The same narrowness of view which led Lord Cairns to the adoption of arguments in favour of the borough franchise, from the consequences of which we believe he would shrink, betrayed him into some mistakes as to the meaning of his opponents when advocating the lodger franchise. Lord Carnarvon had protested against the lodger franchise in the present bill as leading to universal suffrage ; Mr. Lowe, comment ing on the absence of the lodger franchise from the " ten minutes' bill," declared that it would lead to universal suffrage. " See," said Lord Cairns, " what inconsistency in men whose opinions are in the main the same !" As we agree neither with Lord Car narvon nor with Mr. Lowe, we may say that, on better consideration, it would be seen that there is no inconsistency whatever. Lord Carnarvon, speaking of the present bill, declared that it must be impossible to maintain a lodger franchise of £lO value side by side with a ho use h o ld su ff rage w ith ou t any criterion of value ; and that we must therefore end in universal suffrage. Mr. Lowe in the same spirit, but speaking of the " ten minutes' bill," de clared that it was impossible to reduce the value of the household qualification without precipitating the lodger franchise, which must—and the history of the session has, in this respect, confirmed his view —come into existence by its side, and, in the com petition among parties beating down the household qualification, the lodger fr an chise must fall with it until the criterion of value was eliminated from both. The apparent discrepancy between Lord Carnarvon and Mr. Lowe is in itself of no consequence, but it has shown the fallacy of Lord Cairns's method of considering the question. His practical conclusions on the lodger franchise are no less remarkable. While approving it strongly "in the abstract," whatever that may mean, he seriously suggests that the qualifying value should vary in different consti tuencies, and should be £2O in the metropolis, £l5 in other constituencies exceeding 100,000, and lowest in the smallest boroughs. It is. however, on the question of redistribution that 'Lord Cairns's de ticiencies become most conspicuous. The problem of redistribution is, indeed, the most difficult branch of Reform, and the statesmanlike qualities of a poli tician may be measured by his skill in treating it. Lord Cairns objects to " three-cornered" consti tuencies. They are novelties in the Constitution, which contemplates the equal representation of every constituency. It is true that London has always had four members, and that for three cen turies Welsh boroughs have had single members— but it was not till 1832 that the portentous " uni corns" were invented. Lord Cairns has another ob jection besides that of novelty. These variations in the numbers of members occasion variations of elec toral power. A voter in London has four represen tatives ; in Liverpool he will have three ; in Salford two ; and in Birkenhead one. " How unjust !" says Lord Cairns. Astonishing as it must seem, it has apparently never occurred to him that the number of electors vary in different towns, and that a voter in London has his part in four members with a crowd of other voters ; a voter in Liverpool shares his three with another crowd; and, again, in Sal ford and Birkenhead the number of electors differs. But Lord Cairns has other views with which to asto nish us. lie is an advocate of the representation of minorities. He believes that no better members would he returned than the representatives of the minorities in three-cornered boroughs, and he urged on the attention of the House the propriety of se curing their return by only allowing each voter in such constituencies to give two votes. To the appli cation of the cumulative vote to the same consti tuencies he expressed himself opposed, because it would unseat some existing members. If Lord Cairns will only look into the question a little more closely he will find the effect of the two methods on the seats of existing representatives would be pre cisely the same. The House of Lords has assented to the second reading of the bill, but the debate has brought out very clearly the real opinion of the majority on the measure. Itwasn lvott‘hveimthsoeuters toea son that the Liberal Peers confined criticism on the conduct ga no theirft tot the h c o os pn A efia d dk_ m e no i c n f e i t s ha t r be a a t bt i eoi bill tas f ne o ld r f t th h e e ir m v e o m ic e c h s t fa t l h t e e y red h , e they could only express a doubting hope that it would prove beneficial. Thejudgment of the Con servative Peers outside the charmed nmeodt more circle buoyant.ofofficial life, if not more desponding, was real the sentiments co ns a ery when Lord he Shaftesbury repudiated all expressedeonfid e n c thei re”in tine sympathies of " the residuum, words milisan an h dhispr a a u ct t ic o. practical acquaintance with the class gv rity which many would fain have denied them. What effect the discussion will have on the action of the committee on the bill remains to be seen. We do not apprehend much will or even can be done, and if, as is probable, the bill passes with little alte ration, we shall not be discouraged. For our own part we neither share the alarms nor the fond hopes the bill has excited. It will produce some imme diate effects and will do some permanent good in abating the discontent excited by the exclusion of large classes from the privilege of the franchise, but its direct influence on the legislation of the future has, we believe, been overrated both by its friends and its foes. FRENCH ACADEMY OF SCIENCES. -- 40 . •- - At the last sittidg a paper was received from M. Tournal, of Narbonne, on a burning fountain just discovered near Salles (Aude), in sinking an arte sian well. Carburetted hydrogen gas is evolved from a bubbling spring of purgative water contain ing sulphate of magnesia (Epsom salts) ; the gas burns with a reddish and sooty flame, but unaccom panied by any smell of bitumen or sulphuretted hydrogen. The well has been sunk on the left bank of the Aude, in the vast plain situated two metres only above the level of the sea, and consisting of a muddy alluvial deposit. The borer first sank through six metres of mud ; it then found a blackish soil con taining fragments of half-carbonised wood, next came succesively white lacustral lime-stone, marl, and crystals of gypsum, and lastly, blue marl with sea shells. The carburetted spring lay at a depth of 70 metres ; the water, charged with sulphate of magnesia, at first rose to the very orifice of the well, but seems now to have found its proper level at the depth of a metre. M. Guerin, who last year found some nuclei and obsidian implements in the environs of Luneville, announced that about a month ago he discovered near Aingeray a small commune of the Meurthe, a few fragments of pottery of a peculiar shape, which led him to sup pose there might have been tumuli on that spot. A few steps off he picked up an arrow-head, which, upon examination, was found to be made of obsi dian. The fragments of pottery, being joined to gether again, constituted part of a vase similar to those found in the tumuli of Alsace, and pertaining to the age of bronze.—M. Balbiani, the well-known physiologist, sent in a paper 'n certain observations of his on corpuscular silkworms, from which he con siders himself entitled to conclude that :-1, Every moth having corpuscles under its wings has also some in its interior organs ; and 2, That if there be none under the wings, neither are there any in the rest of the body. This, if true, would be a most important discovery to silk-growers. M• Chasles read a communication on certain writings of Pascal, from which it appears that he was ac quainted with the laws of attraction, and had studied them. These writings consist of two letters ad dressed to Boyle, and of three memorandums, all which were inedited, and are now published in the Comptes-Rendus of the Academy. COUNTRY MARKETS. BRISTOL-TUESDAY. The supply of wheat was scarce, with a fair demand, and the prices of last week were supported. Barley nominal. In oats and beans no alteration. LEEDS-TUESDAY. The corn market to-day had a fair attendance, and prices were rather better for wheat. Other articles unchanged. MELTON MOWBRAY.-T UESDAY. White wheat, GBs to 74s ; red, 59s to 68s per 36 stone. Barley for malting, 40s to 52s per qr; feed, 32s to 38s per 30 stone. Oats, old, 30s to 345; new, 26s to 32s per 21st. Beans, old, 52s to 545 . ; new, 45s to 50s per qr. LIVERPOOL-TUESDAY. We had a fair attendance of tho town and country trade at our market to-day, and wheat met a good demand at fully late rates. Beans and peas advanced slightly. In dian corn sold at a little improvement on last week. SHEFFIELD-TUESDAY. There was a moderate business transacted to-day, in the corn trade, but only a slender attendance. Prices were not materially altered. Red wheat, per load of 3 imp. bushels....2la Od to 265 0 1 White do do ....26s Od 295 Od New red do do ....aOs Od 21s GI New white do do ....23a 6d 25s 6d Beans do do ....19a Od 22s Od Yeas, per qr Grinding oli ley, per qr '3ss Od 38s Od Malting barley, i 0 Oats, do 278 Od 32s Od F10ur....28 4d to 24 Sti per 141 b, MARKET HAREOROUGH.-TUESDAY. Old white wheat, 67s to 72s ; new red. 62s to 67s per 36 stone. Barley, fine, Us ; other kinds, 23s to 36s per 30 st. Oats, now, 26s to 358; old, 34s to 35s per qr. Beans, old: 46s to 535; new, 42s to 47s qr. CORK—JULY 22. White wheat, 12s Od to 12s 6d; red, 12s Od to —5 0(1; black oats, 9s 6tl to —s Od; white, 9s Od to 10s.0d. Foreign Mail Packet List. MAILS DUE. Australia and New Zealand, via Southampton..... July 20- Ditto, via M.arseillea July Ditto, via Panama ....... ......... ...........• Brazil, Buenos Ayres, and Monte Video Aug. 5. Ditto, by French packet •• July 27 Cape Verde, by Brazil packet Aug. 5. Cape of Good Hope. Ascension. and St. Helena July 25. China, Penang. and Singapore, via Southampton—July 20 Ditto, via Marseille; - . Falkland Islands Gibraltar, via Southampton India, via Southampton J u ly 20. Ditto, via Marseil es July 22• Malta, Egypt, .ko. July 20. Ditto, Marseilles July Mauritius, Cape of Good Hope, and Natal, via Southampton. July 20. Ditto, via Har2ei , les July —• Newfoundland July 31. .A.uZ. 5. Portugal ... Ditto, by private ship to Oporto ... Ditto ditto to Lisbon United States, Canada, California, &0., by British packet July 5• Ditto, by United States packet Ditto ditto (New York) Ditto ditto (New York) Ditto ditto (Baltimore) Ditto, by Canadian packet July 26, West Coast of Africa, Madeira, and Teneriffe July 17. West Indies and Pacific (except Mexico and Baha mas) Cubi and Mexico —July 29. Bahamas, via New York Bermuda, via ditto CATTLE PLAGUE.—A supplement to the London Gazette of Tuesday, July 23, contains an Order in Council, dated the 23d inst., directing that all cattle brought by sos from any place out of the United Kingdom except the Channel Islands and the Isle of Man, and landed at ell place in Great Britain, shall, within twelve hours of such landing, in addition tr being marked as before directed, be branded by the owner or person landing the same in such manner as the Commissioners of her Majesty's CustonA shall from time to timo direct. - - LADVERTISEMENT.I —Holloway's Ointment and JuA.icioua mnn.g.m...t.—Though it is impossible in this climate of changing temperature to prevent ill-health i 1" together, yet its form and frequency may be much nul l ; gated by the early adoption of remedial measures. Whe hoarseness, cough, thick breathing, and the attendiog slight fever, indicate irritability of the throat and chest, Holloway's ointment should be rubbed on these parts with out delay, and his pills taken in appropriate doses to Pro mote the curative action. No catarrhs or sore throats cas'" resist those remedies. Printed directions envelope overt' package of Holloway's medicines, which are suited to . I ', ages and conditions, and to every ordinary disease to which humanity is liable. Births. GRIFFIN—On the 20th inst., at 6, Chester-place, the wi re t of Harcourt Griffin, Esq., of Pell Wall House, Marlo Drayton, of a son Lind MASTER—On the 22d inst., at Harts, Gloucestershire, the wife of Colonel W. C. Master, C.B, of a son. STANLEY—On the 21st inst., at Bourne Hal], Cambridge' shire, Mrs. Sidney Stanley, of a son. Marriages. BROOKER. —NEWTON—Oa the 20th inst., at St. Dunstalft. Church, Stepney, Charles A.. Berkeley, fifth sen of , Brooker, Staff-Commander Royal Navy, to Emma, eldeo" daughter of Mr. Wm. Newton, of Stepney-green. . KIILKIIA 51 —LUSCOMBE —On the 18th inst., at the Pari s ,tl c hurch, Dawlisb, Colonel J. C. Kirkham, to Eliz abe n " f Susan, only child of the late W. Luscombe, Esq - Brompton, London. _ _ _ Deaths. GREENWOOD —On the 20th inst., at Abernant, B u iltb, rc conshire, George Green'ood , Esq., of Upper llomerDton, Middlesex, aged 77. ea t s'' HEARNE—On the 22d inst., at the City Arms, 31, - Tower-street, City, Mr. T. W. Hearne, aged 61. LANG—On the 21st inst., at Vanbrugh-park, Blackheatb Oliver Wm. Lang, Esq., late Master Shipwright of Royal Dockyard, Chatham. Brig htop, LACK—On the 21st inst., at 41, Lansdowne - place , Prod. Lack, Esq., late of the Board of Trade, aged 60' PARSEY —On the 22d inst., at Cheyne-row, Chelsea, 11°1311 Parsey, Esq., aged 70. tit" TucKEß—On the 20th inst., at 34, Henrietta-street, Cole garden, Henry Tucker, aged 38. London : Printed and Published by WTT:ralui ANDBPII2, of No. 112, Strand, Printer, at THE SUN ODICe, 14 %. a Strand, in the Precinct of the Savoy, in the 02w " NiddlosoL—Wednesday, July 24,1807.