The Sun. — London, England, 1855-12-24 00:00:00

MONEY MARKET! SHARE MARKETS. (THIS DAY.) IND COMMERCIAL INTELLIGENCE. 4:JITY, Two o'i)-booT The Liverpool Cotton Market on Saturday cloned very firmly at full prices. The sales were 6,000 bales, comprising 8G Pernam and MaranLion at 63d., 20 Bahia at 6d., 150 Egyptian at sd. to i d., and 500 Surat at 30. to 41d. per lb. The Rail- way Share Market was steady at a slight advance on Friday's rates. The intelligence from America brought by the steamer Atlantic reports a continuance of largo shipments of flour to Europe. The merchandise exported was composed chiefly of breadstuff4. To Havre alone flour and wheat to the value of about 280,000 dollars were sent during the week ending December 6. The value of imports in the same period was 1,670,402 dollars. The latest roturn of the City Banks shows a large increase in the loans and discounts, but the specie was augmented to nearly the same amount. The recent rise in the prices of sugar has given a fresh impetus to the manufacture of beet-root sugar in France, and the makers have taken pre cautions to have larger stocks on hand in the event of another sudden demand. The quantity in the different depots throughout the country had in creased 1,247,034 kilogrammes on the Ist of this month from the former figures, and now there is 7,331,307 kilogrammes in store. This increase has principally been deposited at Paris and Lille ; the depots of Douai and Valenciennes have very little less on hand than previously, but those of Arras and Orleans are nearly exhausted. The consump tion of beet-root sugar throughout France, for the year ending November 30, 1855-6, was 38 million kilogrammes, showing an increase of 14 millions over the previous year. There were 270 mann factories in operation, and 14 inactive at that date. The Foreign Bourses remain in a very dull state, and prices of securities have a tendency to decline. At Paris the fall in the French funds on Saturday was 25c. compared with those of the day previous, and, in Railway Shares there was a general decline of of. to 10f. Shares of the Credit Mobilier were heavy, at a decline of 12f. 50c. At Vienna the state of affairs was feeble, and shares generally were falling, excepting in the New Bank of Credit, which rose from 110 to 111. Money was again becoming dearer and exchanges rising ; on Lon don it was 10.47, and on Paris 1271. According to information from Moscow it ap pears that the commerce of the city of Odessa is completely annihilated. The inhabitants lament the deserted condition of this once flourishing city. Transactions of the smallest description for money are scarcely known, and it is in vain that the bank endeavours to keep up its credit by the issue of a depreciated paper currency. Some rumours which have been circulated stating that the French Government intended to increase the duties on tobacco and other produce during the ensuing year have been contradicted by the Paris journals as being entirely without fouadation. The English Stock Market remains in an in animate condition, and a large number of the prin cipal operators are away from business. Until the expiration of the Chrismas holidays the market will probably exhibit a languid appearance, unless some important political event occurs. There is some revival of the impression that the peace negociations will prove successful, owing to the intelligence received from Berlin and Vienna, but the quotations of the Funds have not improved in consequence. Consols opened at 88! ' «nd are now 88i The New 3 per Cents. have been 89A to 89k, and the Reduced 88g I. Exchequer Bills are 7s. to 3s. discount. Foreign Stock are in several instances at merely nominarquotations, but the market rules steady. Turkish 6 per Cents. have risen per cent., viz., to 83i and the New Scrip is firmer, being 3 dis count. Mexican Stock is 191 to 19k, and Dutch 4 per Cents. are 94. The following are the nominal prices of foreign stocks : Grenada Deferred Bonds, 64 to 7 • Mexican, 191 to2o ; Peruvian, 74 to 76 ; ditto Three per Cents., 52 to 54; Portuguese Four per Cents., 48 to 50 ; Russian 5 per Cents., 95 to 97 ; ditto 44 per Cents., 88 to 96 ; Spanish Three per Cents., 40i to 40i ; ditto Deferred, 214 to ; ditto Certificates, 44 to 5 ; ditto Passive, 7i to N. In the quotations of some of the principal Rail way Shares, a slight improvement is apparent, but the transactions are limited. Brighton have ad vanced 55., and also North-Eastern, Berwick, Great Western of Canada are well supported, but the Foreign Lines have attracted scarcely any at tention. Mining Shares are quiet, and some of the Bank ing rule heavy. Canada Land are rather higher. BRITISH FUNDS THIS DAY AT ONE 0 CLOCK. ( Prom the 09icial List.) Bustnost done. X per Cent. Reduced Annuities BBi i Now 3 per Cont. Annuities Oonkols lor Account 8 1 Exchequer Bills, 24d. 21000 .... ........ 7 3 d 1500 %nail '3 • Ditto Bonds, 1858, 3i per Cent.. 971 i 1859 11 PP PRICE OF FOREIGN FUNDS AT ON ['' O'CLO , ' li. Vatican 3 per Cent. Ditto Account . l9l Spanish Bowls, 3 per Cent Ditto Account — Ditto New Deferred, 3 per Cent. Ditto Passive 7l Turizi,ll Bonds, 6 per cent — Ditto for the Account B 3l i 21 Ditto New Scrip, 4 per Cent. Ditto Account 3 Dividembi on the above payable in London. Dutch Exchange, 2A per Cent., 12 Gull_ Ditto 4 per Cont. Certificates 94 QUARTER PAST TWO. Consols Ditto Account . 8S i THE WEATHER AND THE PARKS. Yesterday afternoon the carriage drives in Hyde-Park were completely blocked up with vehicles, containing members of the aristocracy who had been drawn to the place to witness the sliding in the park ; but they were, in consequence of a great change taking place in the weather, somewhat disappointed, as only 1,500 persons ♦entured upon the Serpentine. The thermometer at the Royal Humane Society's re ceiving -house, which on Saturday morning stood at 231 deg., rose at noon to 26 deg., but the evening fell to 17 deg. Between nine and ten At night a marked alteration took place in the weather. The sky suddenly changed from a bright blue to cloudy which quite ob scured the moon, showing every dication of rain. The wind at the same time chopped round from the east to the west, and a little to the south. The thermometer began to rise at half past ten at Algot, and at eleven o'clock was at 26 deg., and did not get lower during the night. At nine o'clock yesterday n. _wiling the mercury indexed 45 deg., and at noon it stood at 48 deg. Last night the thermometer pointed at 41 deg., and shortly before seven o'clock it commenced to rain, with every appearance of the frost breaking up. While the parties were skating yesterday near the aqueduct on the Serpentine, several persons became im mersed, but were rescued by the icemen in attendance. None of the nobility belonging to the Skating Club ventured on the ice in this park during yesterday. THE LONG WATER IN KENSINGTON GARDENS.—The ice hero was described as being very dangerous, and is oovered with several inches of water. Owing to the exertions of the icemen only 500 persons ventured upon the river. THE OCTAGONAL POND, KENSINGTON GARDENS.—The ice on this pond has been rendered exceedingly danger. ous by the change in the weather, and only 500 persons ♦entured thereon, and no accident took place. 20 5 20 18 25 .12i 20 20 20 20 LLOYD'S SHIPPING.--{This Day.) LONDON, Dec. 24.—Wind this day at noon, S.W., strong breeze, and fine clear weather. RAMSGATE. Dee. 23.—Arrived —Shamrock, from Lon don, for the River Gambia. PoragstorTn, Dec. `'3.—Wind S. to S.W.—Arrived— Janet Wilson, from Singapore, and proceeded for London ; 11.34f.5. Pylades, Baltic ; Northumberland (s.s. tpt.) and Sir John Easthope (s.s. tpt. 152), Constantinople, &c.; H.M.S. Ariel, westward. ItTL, Dec. 23.—The Eliza Romer, of and from Sunder land, for Treport, came ashore early this morning and has gone to pieces ; crew saved. 081 ELECTRIC TELEGRAPH.) SOUTHAMPTON, Monday Morning. A rr i ve d,—Waehington (a.), from Bremen ; Walter Hood and Norden, for Sydney and Alexandria, put in leaky; Alice and South-Western (a.), Jersey ; Li mer i c k L a ss, Newport ; Argyll (s.), Carentan ; yacht Titania, Gibral tar. Sailed.—Cicoly and Welthin, for Sunderland ; Mary Pope and Gipsy, Newport ; Sea-horse, Aberdeen ; Arbu tus, Llanelly ; Panther, Newcastle. L IV ERPOOL, Monday Morning. Wiud W. Arrived.—Jason, from Danzig ; Minerva, Bremen; Pearl, Rotterdam ; Ocean, Stockholm ; Montrose, R ouen; Eclipse, ..)stend ; Elizabeth Bibby, Bonny ; Istria and Cassnttereflas, Alexandria ; W. V. Kent, Charleston; Alma, Bombay ; Golden Cross, New Orleans. Off.-23 ships. QUEENSTOWN, Dec. 22. Wind S. Arrived—Canton, from Quebec; Theresa, Rangoon; Ellen and Margaret, Girgenti. RAILWAYS. Ellostag Pricer Saturday. Maximum dope tali day. 3f 74 --8 16 - 15 13 - 14 9 - 8 79 - 81 55 - ,85; ii h ••41 ... ... "7 , "v•• ••• ''." ••• - 6 - 7 11 - 12 8i 81 1 27 -- 29 17 - 19 C 9 - 70 501 -51 i 9 - 16 - 17J1 ••• ... 80 - 85 -4- 7 88 - 119 74 - 76 L2O 122 [O2 104 52i 53 52 54 70 - 781 6 - 7 6 7 r 77 - 77}, ••• T ••• - 94 96 98/ 9411 I ti l fit :t 8.5 86 8 7 di 6i Bpi • •• •• • 221 23 ... - to • --' is 631 64, 36 38 • m, • sT, I i} 41 - 43 281 67 - 68 84 - 5 - 44- 114 - 12 444 454 92 - 97 - 4i - hi 22 -. 24 1 00 102 72 74 42 4.• 44 Jl . - 2 57 58 31. 32 3d 2d 34 : 36 ••• ••• .... • so '''"' • • 4 - 4 lAILP4r. Ambg. Nott.ng. Boat and Eastn. June% ~ iel fast St rallymey Tanning. Wolve rb Stour Va11ey..... Birk eihd. Lanes)... & Cheshire Juliet so. ik Birk £5O and £25 Conti Do., £20... Myth kTyneorigina £25 (issd. at £45 ; Bristol and Exeter Calodonian Caren. and Cardigan Chester & Holyhead. Cork and Bandon Cork, Black, & Pas, Cornwall Do. A Do. B We Junction Duolin&BelfastJunc Dun. P. & Ab , r. Jnc Do. N.w East Anglian Eastern Counties.... East. Union, A SO De., B. Stoet ,Do., New A East Kent East Lancashire lEdinbargh&Glaago and Peebles • • Edin Prth &DnnfleA• Forth & Clyde Jcn _ Furness. Do. Extension Glamgow & S. West- Great N. of Scotlad. Groat Northern . Do., A. Stock Do., B. Stock Gt. Sth. kWest.(lre ) Great Western Do. Stour Val. Rail Gua. Stk Irish South-Eastern Lancaster As Carlisle Do., Thirds Do. Now Thirds I Lancash. andYorksh Do., Wet. Riding Un . Liv.Criny.itSouthi.t , London k Blackwal Land. Bright As S.Cst. Land. and N. Weftn. Do. Fifths D0.101.1511.,M&8...0 ID°. Eighths..- London and S. Wostn. Do., £5O Do., £4O. Lndndrrytk Col arsine Lndndrrv. dt Ennisk . Manch.Shef. k Li nein Do. 4 Shares, No, 1 Do., Man AT Lin. Un. Metropolitan Midland Birmng. &Dee , : Nidld. G. West. (1 re. Do. Half Shares ‘l) Newcastle & Carlisle all Nwpt.Aberg.&llrfd Newry &Enniskills!, 11) Newry Warrenpoinl and Roatrevor 4 Norfolk I Northn.Connties 1%, North British North Devon, No. 1 Do., No. 2 )0., A A Deferred Do., B Gnars.nteto Eastern—Bervriel Do. do. Extension Do.do.G.N.E."turoh Do. Leeds Do. York North London N.S,LS.Watrn.,Haini - stead, and City Jn— North Staffordshire_ North Western N. &S. West rn June Nuneaton, Hinckley and Leicester , ,(7/2:, Wore., & Yrolv Portuuouth o aiah Central Floottlsh Midland Ahropshiro Un - on -3outh Dcvon South Eastorn South Wales S. Yrksh. di Rig. Dnn Do ' itainek, Wok. &Wok tockton St Darli 3toviten & Ilrztlepl !Taff Vale Do. Pref., No. memos Ha v. D.& R Ulverstone & Lance Vale of Neath Waterfd. & Kilkenny Waterford&Limerick West Cornwall West End of London and Crystal Palace Do. A Do. B West London. Wlrabledn&Croydon FOREIGN. A atwerpa Rott,rdana Do. 5 p.e. Ohio. eon. in Sh. at par till '64 Ardennes Belgian Eastn. June, Beziors to Graisseses , Bombay, Baroda, an Central India,Seril Do. Demerara 'Dutch Rhenish Eastern of France Do. New East Indian, g. 5 p.c Do. Exteii;ion.. Do. do. do., '59, do Gd. Tk of CanadaA ip Do. St. Lawrence & Atlantic do. ...... Do. Cert.. of Deben. con. into Stk. till': Do, Comp. 6 p. c., do. Gt. Central of Fran. - Gt Indian Peninsnlf guar. 5 per cent Do. Now 5 per cent Do. Extensions... Great Laxembourp Constituted Shares Do. Obligations Gt. Western of Canad %arcs .. Do. New Do. Bds., payable . . 37. with option till '55.. Do. do., '62, p.'56... Do. do., '76, p. '60... Do. do., '73, without option Hamilton & Toronto Do. 6 per oent. Lake Const. & Basle Lierre and Turnhout Lyons and Geneva Lyons & Mediterran. iadras Do. New !traria Antonia Do. do. New Nainnr dr Liege (with interest) Do. (ex interest) Northern of France. D0.20/.sks. Do. 201. 3 p. a Bdr (fmy.B.& Ams. Shs. NorwegianTrunkPre' Paris and Lyons Ditto Bonds Paris and Orleans Paris and Ronan... ParisCaen & Cherbrg. Do Rorie and Frascati , Rouen and Havre Royal Danish Royal Swedish Do. Obligations Sambre and Meuse_ Do. 5 p. cent. Prof iSclude De. Southern of Franoc St. Andrew's and Quebec (A).. West Flanders Do 5 per c. Prof Western of France Do. Zealand JOINT-S' Australasia Bank of London Bk.&Lia. C. British N. American Chartd. Bank of Asia Chrtd. Bnk. of India, Australia, & Chinn City 15 Colonial Commercial of Load Eng.Scot&A.nr.Cht Loud. Chart. Bk. of Australis 5 Ditto New I..modon and County Lnd.&E.Bnkg. Corp London Joint Stock Lond. & Westminster National Pro.of Eng Do. New National of Ireland New South Wales__ Oriental Bank of Corporation l'rovincial of Ireland Do. New .............. . Royal Australn.Bkg. & Gold Imp Co Royal British South Australia Union of Australia Do. Now Union o London 7i - 8 3 --, qd 3 24411 i - li ; - I 341 - 35 21 9 -- - 10 p - t 9i - Si 16 - 17 62 67 82 - 87 3 - 3;p 81 - 5i par ip fad. 31 St 21 - 3t 24 -24 i 2 -24 p 98 - 100 115 - 111 118 - 120 104 106 23 - 24 112 .- 117 8 p -14 " i P 2 - 5 :I 3 f -115 i 12 -- 124 - 45. -45 i = ••• • •• ... Pm iii - 124 2 2 - 1 21 - 2 8 - 8i i ass, it ... - PM 3i - 4 i ..• 29i - 30 - BANK& 90 - 42 57 - 59 . •• '.... ••. ii = I'd 65 -• 67 •• '.... ••• ie -17 15i -- -- 21 d 161) 3 par 21) ... - .. •N ..... N• ••• "" ••• - ••• 33 - 41 38 - 39 63 - 54 •.. - ... ”fl . *** 40 - 42 73 - 75 30 31 Di ralLr.s - D i ksv, tOO 100 all 8 li 45 all all 100 100 106 470 38 i *ll THE SUN, LONDON, MONDAY EVENING, DECKMBER 24 1855. Spirit of the Public Journals. by still greater over-proportion than in the case` of the march from the Armenian frontier fort to the capital of Imeritia. In the mountains of Khora zan, among which the storied stream of the Araxes takes its rise, are piled up more than one formid ble defile, across which, when the great snow storms of Armenia have fallen, the hunter of the country could not make his way on foot, much less a corps of infantry. Artillery and horse would be still more hopelessly detained to the west of those hoary sier ras, whose ridges, cleft and sawn—herring-bone fashion—by the few passes in question, intercept the sky-line to the traveller or soldier gazing eastward. One road from Erzeroum to Olti winds eastward round the north-western roots of this great moun tain chain, which is the ancient Anti-Taurus, and the road in question is accompanied to its loft a part of the way by the ascending banks of the Fuphrates, which thus derives its fountain not far from that of the Araxes—two famous rivers, which flow in a widely divergent, and, at first, directly opposite direction, but both of which claim the confines of old Cappadocia for their parent regioc. The road we have mentioned, keeping the low country—if any part of a country can be termed low the whole of which is a vast mountain table, two miles and a half above the Euxine—reaches Olti, having so threaded its course as to leave the Sultaun Dagh heights, of which we have been speaking, to the right hand, and a spur of the an cient Cragus, one of whose volcanoes was the " Chimera"—a vassal of Mount Taurus, further to the left. At Olti the road fails towards Kars, and is recovered by au oblique march of some difficulty south-east to Bardi, beyond which it is immedi ately necessary to climb a very steep mountain gorge ; and after this, when the deep snows are not on the ground, or the inundations intersecting the advance by their torrents, there is a fair direct road to Kars, fifty miles ahead. All this region runs parallel to Lake Van, the ancient Arsissa Pa his, extending about a hundred miles south of it, and itself stretching its waters to seventy miles of length. Such is the best march between Erzeroum and Kars through Armenia Major. Its extreme difficulty at this time of year (when we remember the supineness of the Turkish General commanding at Erzeroum and tho disorganisation of his troops) account for the fate of General 'Williams, and for the surrender of Kars. A s t o an y h e lp f rom Batoum, where no troops lay, such help simply means help from the Crimea—help from the opposite shores of the Black sea. Now, at the time when. a large de tachment, amounting to an expedition, might have been available for the relief of Kars, it was not yet known whether a grand attack could not be made, at Mackeazie's Heights, upon a force stronger and more important than General Mouravieff's. If such an attack (this, we need scarcely say, was the obvious consideration at the critical period)—if such an attack could be made, it would be made, and investigation was indispensable to know whe ther the feasibility in question existed or not. It was then that thos3 great reconnaissances were occurring in which it was necessary to make roads among mountains and ravines before taking each successive step. The descent upon Kinbourn, and the other simultaneous operations, were all sub sidiary parts of one ()Teat comprehensive plan, to the accomplishment of e which it was necessary to ascertain what Marshal Pelissier was in the very act of ascertaining by his laborious exploring and re connoitring manoeuvres from the Tchernaya, Tchou lion, and Baida-, to the vicinity of E*kshi-Serai. But, however this may be, the lethargic succours from Erzeroum, on which General 'Williams had a less questionable right to count, did not sot out till an Armenian winter rendered their progress over Armenian roads an idle mockery. We learn, more over, that General Mouravieff had seized the last passes by which the relieving force would have had to penetrate to Kars. Whether this force came by the Khorazan-road, leaving Toprak Kaleh, about twenty-five miles to the right, or by the still more northerly route of Olti, which we have describe-1, it is evident that as both lines converge ultimately upon Bardi, to hold the passes in front of that vil lage would be to bar the further march of the Turks. Tho accounts are, as yet, rather vague, and we cannot say whether this was the position actually occupied by the detachments of the Rus sian chief. That position could not have been more distant than the immediate neighbourhood of Bardi, but might not have been half the way. In the opposite direction, to which we first ad verted, we find, as we have stated, that General Mouravieff could not safely reckon upon reaching Kutais with his main body under eight days of march. The exact date of Omer Pacha's last ex ploit is not given, but it must have bee n a b o ut th e beginning o this month, or perhaps a clay or two earlier. It could not well have been later than the 2d or 3d, since the intelligence announcing it is dated the sth from the Crimea. Omer Paella had not learnt the fall of Kars when ho made his last advance of forty miles, defeated the Russians, took Khoni, and brought his army actu ally before Kutais. Indeed, the respective catas trophes in Armenia and in Imeritia may, practi cally speaking, be termed contemporaneous. We shall look with anxious interest for Omer Pacha's movements on his ascertaining the important ad . :;hr.IP! Letuaisq Compans C , oalag rnor• Bator lay II Lt l eau this day. (From the Times of this clay.) In justice to the Chairman of the Eastern Coun ties Railway we have waited for his reply to the charges of the Investigating Committee. These charges were very serious, and reflected not merely on the discretion and vigilance, but also on the integrity and honour, of Mr. Waddington ; and they were supported by such a mass of evidence— by figures, by extracts, by dividends—that, how ever one might regret, no one could wonder that the meeting of the shareholders subsequently held should have exhibited the most ludicrous rage, should have treated th e i r c h a i rman w ith more than distrust—with indignant contumely—and should almost with one voice and one roar have deposed him from his office without even granting him a hearing. To some extent Mr. Waddington has himself to blame for this treatment. As we have already pointed out, whether from ignorance, from personal dislike to the members of the committee, or from any other cause, he was as chary as possible of his information, and in his answers ran g the changes on e ver y mo d e of negat i on that the En glish language affords. Besides which, because he deemed that the week which elapsed between the publication of the report and the meeting of the shareholders was insufficient for him to prepare a full and detailed answer, he thought it right to abstain from any answer what ever beyond one of those simple negations in which he is so great an adept. At length he has published a full and elaborate reply, and we are bound to confess at once that he has not a little shaken our belief in the accuracy and impartiality of the report which so seriously impeached his conduct. Right or wrong, there is no doubt that his answer is a most able document. It is much better written than the report of the committee, which, indeed, is defaced not only by obscurities of expression, but by strange gram matical blunders ; and, if subsequent investigation should sustain the facts urged by the chairman, he will not have much cause to complain of the clamour which has been raised against his manage ment. For the interest of railways in general, and for that of the Eastern Counties in particular, we sincerely hope that Mr. Waddington's statistics are correct, and that his case is half as good as be makes it out to be. At the same time we cannot suppose that the matter will rest with this reply of the chairman. Who is to be credited ? Here the chairman gives the lie direct to the committee, and they both quote no end of figures against each other, as rival theologians quote texts —we, the on-lookers, not knowing which to believe. Statistics are not always to be relied on ; it has, indeed, al most passed into a proverb that there is nothing more false—" one foot in sea, and one on shore, to one thing constant never." Arithmetical figures are nearly as deceptive as rhetorical, and, with every desire to do justice to Mr. Waddington, we cannot help reminding him that if the shareholders are at first more confused than convinced by his argu ments we cannot wonder. We, in our public capacity, have, of cuurse, no means of reconciling or correct ing the statements and counter-statement s of either party. Mr. Waddington seems to have held his peace before the Committee in order that now he might come out with an answer in greater force. It has been his policy not to fritter his defence in partial answers. He has concentrated all he has hai to say into the focus of a single statement, and we shall be anxious to hear how the Committee of Investigation dispose of it. Into the private squabbles in which Mr. Wad dington suggests that the investigation originated it is not our purpose to enter. We should have an Augean stable to clean if we undertook to lay bare the secret springs of railway management— the petty motives, the party interests, the indivi dual ends that influence directors —at one time induce them to make things pleasant, and at an other incite a refractory member to get up a com mittee of shareholders. It is enough if we compare some of the results of Mr. Waddiugton's manage ment as stated by himself with the results as stated by the Committee of Investigation. And the first item we look to is very naturally the dividend. The Chairman has pointed out that during the four years of his management no less than 662,0001. has been divided among the share holders or 160,0001. yearly, whereas i n th e year and a-half before he entered upon office the whole sum disposable for dividend was 34,2001. In the accounts of the last half-year it will be remembered that the balance brought forward as divisible was 57,0001., and the committee published the startling fact that 36,0001. of this ought be de ducted as improperly charged to the credit of the company. Mr. Waddington goes over the separate items of this 36,0001., and disputes with some force the finding of the Committee. One of the items is 4 0Sundries, 11,000/."—rather a large portion of the whole. The "sundries," says Mr. Waddington, are principally made up of the sums claimed by Mr. Gooch as percentages, which sums the Com mittee hesitates to pay, and which were "not claimed when the half-yearly accounts were ren dered." For almost all the other items he has an answer that appears to be not less satisfactory. But what of the permanent way ? Could tho last dividend of 65,0001. be justifiable when the 'engineer reports that a sum of 150,0001. is neces sary to place the permanent way in proper repair ? In this respect, too, Mr. Waddington has stated much in his favour. If the railway has been so 'badly kept, he blames Mr. Ashcroft, the respon sible engineer, whose certificates he implicitly relied on and quotes from half-year to half-year. He further states, in reply to the charge that in .1855 the payment for renewal and repairs was :only 3,2001. for 548 miles of railway, "We have 'not restricted the year's expenditure to 3,2001. 'for 548 miles of railway, as this report leads you to believe, although we have spent only 3,2001. upon that object this year out of revenue. The italics indicate the way in which the Committee have endeavoured to deceive you." The expen diture for the half-year was 22,0001. And of the 150,0001. recommended by the engineer, he shows that a third part is for the erection of new and permanent works, not contemplated when the line was made ; and that the remaining 100,090/. is to 'be spread over ten years. The instalment for the 'first year having been provided by the balance of last year, there was no reason why the expenditure ;required for the permanent way should interfere with the sum disposable for dividend. There is a strange contrariety between Chairman land Committee throughout. " Confusion becomes worse confounded" as we proceed. As to the stores department, Mr. Waddington denies that the loss has been 40,00 X., or oven 10,000/.—no, not the half of that ; and as we go on it becomes small by 'degrees and beautifully less, till at last it becomes ,a more nothing. Like Falstaff describing the men in buckram who attacked him—who were first two, then four, then seven, then nine, and at last eleven —Mr. Waddington diminishes like loss of the stores department very rapidly from 40,0001. to next to nothing ; and finally gets off by saying that, be it great or small, he of all the directors is the least responsible for it. It is impossible to go into all the details. But let us pass on to Lowestoft Harbour, and recall the devout wish expressed by the Committee of Investigation that the sea would : wash up sand enough to destroy it. Mr. Wadding ton makes out a very strong case in favour of the harbour ; indicates that the objections to Lowestoft have been urged in the interest of King's Lynn 'and the East Anglian Railway ; and puts forward figures which, if there is net some strange juggle, completely subvert the statements of the commit tee. " Lowestoft can only take the trade from Yarmouth," said the committee. The fact is that while the receipts between London and Lowestoft have been quadrupled in four years, those between London and Yarmouth, so far from suffering diminu tion, have been doubled, being 16,8001. in 1850, and. 33,4001. in 1854. So far from involving the com pany in vast expense and loss, by some strange, a l c h em y Mr. Waddington seems to prove the ex pense of the harbour to be trifling and the loss to be indefinite gain. And so with almost all the other counts of his indictment. He makes quick work with the Tilbury Railway, and shows what a bril liant manager he is. As.for adding 1,250,0001. to the company's capital account, it is true, he s a y s; but why have not the committee given the per con tra? The company are now working 226 mil es o f railway more than when , h , eentered upon the chair manship. "The fact is, he goes on, " the com mittee tell you that if the increase were to con ti nue after the rate it has done since Mr. Waddington be came chairman in 1851, it would soon destroy the dividend.' I reply that, if your capital were in creased in the next five years in the same propor tion, and with the same results, the Eastern Counties Railway would pay 5 per cent. 1" H ere i s so mething very strange. Either Mr. Wadding ton is possessed of singular confidence, or the com mittee of singular perversity. Who shall arbitrate between the two ? vantage gained by General - .lllouravie - ff, and the altered situation to which that advantao-e may lead. It is one consolation that, in such apecem beras now prevails in the Caucasus, General Mou- ravioff can Hardly be the messenger of his own suc cess. The Ottoman hero will have warning of his danger, if danger there be. From Kars to Gumri, from Gumri to Akhalzik, from Akhalzik to tho Pass of Suram, the Russian General will move along a well-organised and, doubtless, well-supplied iiwsian line. From the Suram Gorge to Kutais, 50 miles remain. Mean while, suppose Prince Bebutoff have hurried all his disposable forces through Tiflis and Gori to the same Suram Pass, a considerable, if not large, army might, in three or four weeks from the fall of Kars, bo ready to advance into Imeritia. At the moment when we write this there are probably greater collections of Russian troops in and about Suram than in any other spot of the Trans-Cauca sian provinces. But the same natural causes which rendered it so hard for the tardy succours of Erzeroum to advance for the rescue of Kars will affect the movements of oven the most energetic commander ; and, unless Kutais have already yielded (which is'a groat deal too much to reckon on), wo expect that the real struggle will be de layed and adjourned till a more serene season looks down again upon th© horrors of a great war. (From the Daily News.) The public have not yet forgotten the exciting struggle which took place in the House of Commons on the 20th of July last. The House was invited by Ministers to agree to the preliminary resolutions sanctioning the Turki,h Guaranteed Loan of five millions. Thecond.tions of this financial operation had already been determined in a " Convention " conclubd between the Governments of England, France, and Turkey. That the proposal would be supported by a majority of the Lower House was ❑ever doubted. Yet, through a skilful but ucscru pulous manoeuvre of the Opposition, Ministers only escaped defeat upon this important question by a narrow majority of three. It was an anxious night for the Cabinet. Four or five times did Lord Palmer ston rise, in evident anxiety, to defend the Government proposal. His lordship's chief argument was, that Turkey was in immediate want of the money, and that the most disastrous consequences would ensue to her army if pecuniary relief were delayed. Mark his words: But :is it worth while, for the sake of that difference of opinion, to send the convention back to France and to Turkey to bo remodelled—throwing back, allow me t) say, at this time of the year, the assistance which this loan would afford to Turkey to an indefinite period ? For lot us re member the time of year at which we aro discussing this matter. No change can be made without a fresh conven tion. That convention must go to Constantinople, and wo must wait till it has been ratified, and must come back to Parliament for sanction and authority to carry it into effect. IV e are now in the middle of July. Is the house prepared to sit till that change has been made ? Or will they insist upon it that no effect shall be given to the measure until the next session of Parliament, when it will be too late to afford to Turkey the assistance which we think we are bound in honour to afford her? Speaking against a proposal for altering the terms of the convention, his lordship, with increasing earnestness of tone, used still the same argument—that there was " no time" for a change of arrangements : if (he observed) we were talking in January, supposing it to be right, there might be time to do so ; negotiations might go on, a treaty might be signed, the ratifications might be exchanged, and there would be time for the con vention to be submitted to parliament for its concurrence, and to be carried into execution ; but in the present state of the session, with the end of the session so nearly approah ing, that arrangement would practically postpone till the next session of Parliament any assistance to the Turkish Government, in the way of helping them to obtain a loan ; and I have no hesitation in saying th a t th a t would be at tended with the most disastrous consequences in regard to military operations. (Cheers.) I declare to the right hon. gentleman (Mr. Walpole) and the house, give that it is my per fect conviction that if o f additional herarna y i , n t e h a e n s consequenceswh. ch she requires we refuse to be to Turkey those for most the ma intenance of al lt was probably to thi s we i g h ty argument tha t Minis ters owed their escape f rom d efeat upon the even i n g in question. Let us exami ne h ow f ar the i r ac t s h a ve agreed with their words —how Promptly promptly they have applied to the pressing nec ess iti es of the Ottoman A r my the funds authorised to b e ra i se d un d er P ar li amen t a ry guarantee. We will fi rs t a dd uce a f ew f ac t s , to which we chal lenge contradiction. There is at the present moment lying in the Bank of England a sum of no less than 2,530,000/. 1 out of the total of 4,000,00./. already Paid by the subscribers to the Turkish loan ; conse quently these loan funds have as yet been drawn upon to the extent of only 1,500,000/. for the service of the Ottoman Government. Of this sum of 1,500,000 . /., 600,000/. was handed over t o t h e Messrs. Rothschild, ' of advances previously made by , that hi liquidation firm to the Porte, the Government . . of the Sultan having been driven to such dire . straits for want of it actually could not wait for the guaranteed money that loan with its accompanying formalities. The original de posit of 500,0 001 . on the new loan was paid into the Bank on the 22d of August, and, we admit, was promptly re. (From, the Morning Post of this day.) From Kars to Kutais there are about a hundred and eight English miles, as the crow flies ; but, practically, by such roadway as the country pos sesses, in good marching seasons, the distance covers no s t s l e e s s ' s than a hundred and sixty. In short, it could not be safely reckoned at less than eight days'march, even if no enemy obstructed the advance—if no ene my compelled manoeuvring, imposed circuits by occ upying defiles, nor enforced swerves, halts, and concentrations, by menacing the flanks of the vari ous corps, and by imperilling the intervals between them. From Kars, again, to Erzeroum there are some hundred and fifteen English miles by the cane aerial admeasurement, and the virtual light ing distance exceeds the length of this bird's flight 'refitted to Constantinople. But the British public will with hatchets cut away the joists and timbers co scarcely credit the fact we now annou nce , th a t this sum netting the roof of the centre of the hous e with th a t of 500,0001., the first proceeds of the loan, did not ac- of the wing. The fire was at this time raging with its 03.4 reach the hands of the Tu r ki s h G ovdrnment until 1 greatest v i iu l ence, the flames flying from room to room the 28th of Nov. The Ottoman army being in a state l with fearful rapidity, and were it not for the immense of semi -starvation, an' rendered quite ineffective for ; thickness of the walls separating th e w i ng f rom the main a Awe operations through a deficiency of cl o thi ng, food, ' building there can be little doubt that the whole man and means of transport, was it necessary that inure than 1 sion would have been consumed. Most fortunately the three months should elapse before the officials of Eng- ' supply of water was very good, the beautiful fountain in land and France would relax their grasp upo n thi s f ront of the house yielding an almost never-failing sup limited amount ? Since this 500,0007. was sent (and I ply, as did al-o the tank on the roof of the main building, apart from the 600,0001, repaid to Messrs. Rothschild), ' which was kept constant) , filled by the force pumps. the only further remittance m a d e o n accoun t o f l ean i s a Notwithstanding this supply, and all the exertions that sum of 400,0007., despatched in foer separate amounts were being made, for a considerable time it was feared, of 100,000/. each, in the first week of the present month. (from the inte ns it y and fury of the flames and the vielent Probably the latter supply has as ere now reached Con- i state of the weather, that the fire could not be got under. stantinople ; but if its distribution be retarded by diffi- Soon after eight o'clock, however, the wind fell off, and culties similar to those whioli prevailed in respect of the shortly afterwards the roof of the wing fell in with a first half million, the Sulten's suffering soldiers may have loud crash. Fears were no longer entertained for the yet to wait for some months before their wants are main portion of the h ouse, and from nine o'clock wa t s he co fi ta re . relieved. was gradually got und er , and about twelve We have no hesitation in saying that 'this delay re. pletoly subdued. Of this wing scarcely anything now quires expl ana ti on . Th e o bj ec t s involved are essentially stands but the four walls, the r ooms being nearly all important to the vigorous prosecution of the War. Tee gutted. British portion of the grand allied re.my of operation Most providentially, notwithstanding the falling of being numerically small, England is making great exer- planks, burnt timbers, stones, slates, &c., only one ~,,n i . tione and sustaining enormous expense fur the enlist- dent, and that not of a serious nature, occurred by th e ment and equipment of men drawn by the temptation falling of a plank on the head of one of the labourers. of a high bounty and good pay from many parts of the His Grace of Leinster had, however, it is said, som e C nitinent. Is she acting wisely in neglecting to minister miraculous escapes. On one occasion, when exerting to the wants of the Ottoman troops, who have given ad- himself in the orgar-room, he very narrowly escaped be miring Europe such frequent and signal proofs of con- ing smothered by the falling of some great plank of burnt stancy and courage ? Let an unprejudiced observer timber. Although the fire did not reach beyond the left glance at the general military conduct of the Ottoman wing, still considerable injury has been done to very forces from the opening campaign if the war on the valuable furniture in some of the rooms, which was much Danube down to the gallant action on the river 'rigour injured by water. It is impossible at present to form and the heroic defence of Kars. Can he fail to come to an estimate of the amount of injury done, which, how the conclusion that these men, properly equipped and ever, must amount to several thousand pounds. The officered, will prove of the highest value in a protracted house and furniture was largely insured in six offices, so war ? Fightin g for th e ir country and faith against that the loss will not fall heavily on any, except, per their hereditary foe, the motives stimulating these tried haps, one in which it had only been a year or so insured. soldiers to deeds of endurance and gallantry must be The total amount of the insurance was stated to be much more powerful than those operating in the minds 53,0001. The very valuable paintings belonging to his of our German and other hired recruits. In point of grace were not collected in a gallery, but were scattered cheapness, too, the Turkish soldier is unrivalled. He through the different rooms. 'They were all, with the wants no bounty, and will oven fight without pay. Give exception of a few on the stairs, fortunately preserved. him merely the coarsest clothing and food, and he will All the constabulary from the surrounding stations, think himself comparatively well off. Yet these are the under the command of Inspector Pilkiugton, were itn troops whom the British Government, though possessed mediately in attendance, and were placed in the different of ample funds destined for the purpose, neglects to ren- rooms, galleries, and lawn, in &large of the property, der effective. In our opinion, the fall of Kars, with all which was all scattered about, where they remained all 1 its future disastrous consequenc es , i s i n a grea t measure n i g ht. traceable to this cruel negligence. Had Omer P ac h a ' s A comm itt ee o f th e directors' of the Midl an d G rea t army in Imeritia, or bad th e o th er Ot toman f orce w hi c h W es t ern R a il way h av i ng been sitting when the news attempted to relieve the be siege d to wn by an a d vance arr i ve d, di recte d a ll their !pare men to be collected, and from Erzeroum, been prop er ly p rov id e d, es p ec i a ll y w ith t o p rocee d b y spec i a l tra i n, under the direction of Mr. 1 the means of transport, we should not have had to record Wilson, the chief engineer, at once to render whatever the event which, at the close of the campaign, gilds the assistance they could. A train was in readiness and the standard of Russia. men about to proceed, when the Marquis of Kildare, It is suggested in /01330 quarters that Government who had gone to Carton by special train in the morning, has been deterred from despatching the proceeds returned and said the fire had been subdued. of the 1 san to Constantinople by a fear of aggravating the Nothing could exceed the steady obedience and regu disturbance of the money market. In corroboration o f larity of all the servants and country people, to whom this view it is pointed out that the latest remittance of is in a great degree owing the preservation of the house. 400,000/. was not rent until some 300,0007. of newly Her grace the duchess was removed shortly after the imported gold fcund its way into the Bank. We c a nn o t breaking out of the fire, under the direction of Dr. Fergu think that this motive, of itself, furnishes a sufficient e x- son, to the residence of Mr. Toner, the head steward, planation. It would be far better that the instalments where her grace at present is. Although greatly shocked should be despatched as they become due, than that this her grace bore the sad event with great equanimity, and obligation should hang menacingly over the mon e t ar y is much better than could be expected under the cireum world, to occasion a postponement of future relief, or stances. aggravation of future pressure. Merchants would infi nitely prefer to know the worst, so as to be enabled to make in advance the requisite cautious arrangements. Nothing disturbs the money market so much as uncer tainty. It is possible that a portion of the 2,500,000/. now lying in the Bank may be destined to pay for munitions of war for the Turkish Government. If so, why are not these supplies bought and sent out ? Ministers must know that the Ottoman army is in sore want of them. Onr own belief, however, is, that the real cause of the delay in the di-tribution of the loan funds rests with the Commission at Constantinople, through whose bands the money passes. These Commissioners repre sent respectively England, France, and Turkey, and it is their duty to see that the money is applied to legiti mate objects. If what we hear be correct this commis sion is a very incarnation of the spirit of obstruction. Between vexatious demands for all kinds of vouchers. and cevils as to what disbursements appertain to the ex - - traordinary or war expenditure of the Turkish Govern ment, as distinguished from its ordinary service, the members seem to have almost prevented the unfortunate and ill-used army from deriving any benefit whatever from the loan. Is the British Government equally strict in its supervision of the expenditure constantly going on nearer horse ? The commissioners' obstructive tendencies, we are given to understand, caused the shameful delay in the apportionment of the first 500,000/. No deubt these gentlemen are very important in their estimation, and have attained an exalted position in Turkish eyes, as the dispeneers of an almost fabulous amount of we filth. litq o they will not achieve success in their mirsion unless they condescend to defer to the unbusinees-like habits of the Turks. Many of the Ottoman officials may be rapacious and corrupt, but there is no need to regard them all as plunderers. We cannot help thinking that our ally is ill-treated in this respect. After all, it is Turkey that pays for the loan. England and France have merely lent their names, and will, we hope, never be called upon for any more substantial sacrifice in connection with the transaction. Lord Clarendon declared in the House of Lords, on the 3d of August, that " there would be ample security for the repayment of the loan." By his own showing, therefore, Turkey has a perfect right to de mand that the money for which she pays interest be promptly and usefully administered. We trust Minis ters will direct their attention to this very important I subject, and take measures for time speedy distribution of the large sum which is at present deposited in the Bank, for the exclusive benefit of that favoured corporation. If a word of remonstrance and instruction be also for warded to the members of the commission at Constanti nople, we venture to anticipate that the deserving Otto man army will be materially benefitted, and the success of next year's campaign promoted in proportion. IRELAND. DUBLIN, SATURDAY. DISASTROUS FIRE AT THE DUKE OF LEIN STEWS RESIDENCE AT CARTON. . _ A fire of the most disastrous and destructive nature, and which at one time thnatened utterly to destroy the whole of his Grace the Duke of Leinster's magnificent and greatly admired mansion at Carton, broke out at an early hour yesterday morning, but was providentially got under in time to save the principal portion of the building, and without any accident of a serious charac ter. The fire originated in the north-east tower or wing, which is completely destroyed. The family in the houso at the time of the accident consisted of his grace, who had only returned from Dublin that evenieg ; the duchess, who has been for a considerable time sufforing from serious illness, and who for some time past has been confined to her bed ; his Grace's sister, Lady Kin naird, and her daughter, Mrs. Hope ; the duke's son-in law, Mr. Repton, M.P. for Warwick, and Lady Jane Repton ; the Hon. Captain Fitzgerald ; Lord Gerald Fitzgerald ; and Dr. Ferguson, of Maynooth, who has been sleeping in the house in attendance on the duchess. The family retired to bed as usual at an early hour, about 10 or 11 o'clock—everything being then in a state of the most apparent security. About 11 o'clock the housekeeper went through the house, according to cus tom, and even into the room in which the fire is sup posed to have originated ; but there was not at that time the slightest appearence of any danger. The house consists of a main or centre building, and two win g s or towers, and the one which was destroyed was on the left side of the mansion. It consisted of the organ-room and ante-room on the ground floor ; over these the Marchio ness of Kildare's sitting-room and two bed-rooms, une of which was occupied, at the time of the accident, by Captain Fitzgerald ; and over these were two attics and two nurseries. All these rooms, with the exception of the sitting-room, were completely destroyed. Adjoining the organ-room, at either end, were the saloon and dining-room, two very beautiful rooms, which, although for a considerable period, in great danger, were ulti mately preserved without the slightest injury. The organ, which was a great favourite of his grace, was a magnificent instrument, built by Messrs. Flight and Robson, of London, and put up by hie grace soon after attaining his majority. From the lightness and dryness of its materials, and the quantity of woodwork in which it was imbedded, it formed a nucleus round which the fire raged with the greatest violence. The fire is sup posed to haee originated from a hot-air flue in one of the upper rooms of this wing, and to have been smoul dering for some days, and was first discovered about half past four o'clock in the morning. It appeared that the cook, who sl ee p s i n t h at end of the h ouse , was awakened about th a t h our b y the noise o f cra ckling wood, and having go t up h e discovere d t h a t the house grace.house The was on h fire, and i mme di ately repor t e d to h watchman of th e p rem ises discovered the fire at the same moment—as did also a country carman—and at once alarmed Mr. Grady, the house steward, who, The on looking out, f o und the entire wing _ the alarm having been given, the in family were at this t twnod the e all npn and ging to the house were got out at once, a he engines belonging m ost active steps taken to stop the progress of the is. The alarm soon reached the town, where the utmost fire. Y xiet was evinced to render as sistance, some hun dreds of the town and country people at once hurrying up to work the engines, carrying water, &c. In this respect too much praise cannot be given to the surround in g g entr y and t he f country people, but scH i y to the president ant professors of the College oeFspfrAlayanootb, who, on the very first alarm, at once sent o ff their engine, toget her with their own trai ned men and labourers, who arrived at the house about six o'clock, and who rendered very great service in ex tinguishing the fire. The president of the college, the Very Rev. Dr. Whitehead, the Rev. Mr. Kernan, P.P., and nearly all the professors of the college, were also themselves in attendance rendering assistance, and, by their example, encouraging the people in their exertions. The Protestant rector of Maynooth, the Rev. Mr. Blacker, was also present. At the time the fire was discovered the wind was blowing with great violence from the S.E., driving the mass of flame and smoke across the centre of the house, thus increasing the danger of spreading the conflagration to a fearful extent, and also rendering it extremely difficult to attempt any practical measure getting the flames unCer. The duke, however, andlthe members of his grace's family, showed an example of courage and self-possession that was most praiseworthy. When it was clearly ascer tained that the destroying element had only possession.. of the tower, the great object was to preven t it s p raa ing to the oth er port i ons of the house , a nd in order effec tually to do thi s , hi s grace , accons panied by his cousin, Captain Fit zgera ld , an d hi s so n, Lord Georgeand with Fitz gerald, got out on the roof about six o'clock , then their own hands ripped off the elate s, an g 4) v.! st.it 5 1 al St. fis 50 1 al 20 al St. 10. 5t.11.01 5,i a; St. I 0 61 I 5, 12• j 25 1 al Et. (1.01 Bt. St. 115 I Si. ill 20 St. It St. ll 20 al 5 al 10 al 3t. 1 1( 3t. 1C at. le 4t. 124 7, St. 101 20 11 St. 110 SLID it. 10 8 al 0 al 10 al St 104 20' al 16 ISt. 11 St. 11 St. 1 II St.iF St. tO: [24 C 12i1 121 12A 12 1 St. St. 16! s al Elt. 1G to A' St. 10 St. tO St. St. 20 L 25 11 20 al 10t 10J a I aal 10 1 - a: 20 al 20 a 20 al 25 1 L 12i al i 1 4 1 Al 10.• s 1 20 1 , 35 21 30 & 20 1, St. al 25 al 2; 1, 20 al 1 al .'d.l RAILWAYII. I 1 Bedford and Rletzli ley Buckghamsh. 0 Clydesdale Je. 11 Col, Stour Vy. Sud. and Hal. E. Lin. Y. . 6 pc 611 E. Un. 11. Sh. Glas. Barr. k Neils. Direct 00 Do. New...... ill Glatt.. et Dn. Fr ill Hrtlpl. Dk. & Railway ill Hull & Selby dl Do. Shares. dl Do. Shame. Lon.&Greenw 11 Do. Preference I) Lon., Til., &3. ip Loweatoft 4 per cent. 10 Do. 6 per ct. Xll Manch. Bata. and Matlock al Middlesbro' It Redcar. ..... . Midld.Bradfd Newmarket Bury Exten... Xll N.& Est.s p. c. dl Do. 6 per ct. Xll Do. Fixods p di Prost. k A yre 11 Do. Slim A Boystn.k Hit. 84 Shef.Roth.and G0010g.5 p. a. Xll Shrews. &Her. 9i S. Staffordsh. d 1 Wear Valleygr 6 per sent._ ,►1 I D 0.... 0 i Wiltsteomrst London & N. Wc‘t. lealedon... E. Un. h E. C . Count. iOaldonian. Do Gt. Wean Yk. Now. & Boyar. Y. lc N H• Do Easton IPeto k Co. Norfolk Do L.& N. W & Midld. nekton & Darlingt. Midland.. lin. Coun. E. Count. D 0...... . L. lc N.W Do Northn Lancaah & Yorksh. T. Drassoy Melean Stookt. & Darlingt [Do *.Westn. PREFER 00 Aberdeen 00 Do. N 0.2. 7p. s all ItlythandTyno 16pui c. prof. (issd. at 501 , DO Brie. & Ex. 4p. e. St . 5 Do. 4p. c. Shares )0 Caledonian £lO ►ll shooter & Holyhead Guar. 54 per cent 11l Do. do. Prof. No. 2 al Do. do. Prof. No. 2 611 ork &Bandonsip.c 611 Dun.Prth Aber. J 2 E. Anglian Cle. ASh )0 Do. do. Cls. B6p. s )0 so. do Cis. C7p. c. 11 Eastern Counties Ex tension, 5 p. 0. No.l 11 no. No. 2 . 11l Do, Nen I p. 0. St. .11 East Un., G. 6 p. c. ill Do. 51., 10 per cent dl Do. 161. Delientr.PM. di Do. do. 4 per cent... ; Kest Lancmh. 6p. ets E . &IV. York. J. sth. 10 Rd Prth.&Dun.4p.o. ►ll Furness 10 Gilts. S.W.G 5 p.c. )0 Great Northn. sp. c 10 no. sp. 0. Redeem. at 10 p. 0. prem. Ni Do. 4A p. De. 5 p.c. Scrip, Red ] At 5 p. c. n IGt. N. of Soot. ht Pre Cit. S. &W. (Ireland ) .0 Do. 4 per c. Pref. 3 fi Gt. Weitn. (Berke I Santa Ex . 5 p. c) 10 Do. con. red. 4i p.c 0 DI. con. red. 4 p. c. ID Do. irrecl. 4p. C. 11 Do. Binn. Pref. Sh 11 o. Chester Bp. c.P.S. .11 De. do. 5 p. e. do 0 Do. Birlrl. Gila. Stk II Do. Ches. Gina. Sh , 11 Do do do i 1. Do. do, do 'Lan. & York. F..£21 )0 o. 6p. e. SL,,ek ... O Lon.&Brigh. G. 5 pow. )0 Do. Prof., 5 p. 0. St. Xi o. New Guar.6 p. e. * Do. do. 5 per ' , lnt.. * Lon.&N. W., Coy. 4 Nuneaton 5 p. et.. la Lon. &S.W. 7 per ct 11 Lonely. & Color. i gh. 11 Londy. & Ennim. i Sl.. 11 Wan., Slid., & Lin. NeW, £lO.. I 00. DI all Nefftrypt .& Carl. 4 p • all .) 0 , por cent 10. Do.. 00 Consol.flp.c.Bt Do. Consol. Bristol A Birm. 6 per cent. 10 'Do. 4i p. a. Pref. S 611 f Do. Prof. 4 per col Do. 5/. Prf.f. 4 p. o Ditto L. SE, H, Pref. S ail INorfolk Debenture ;Do.Pref. 4 p. s. Stogy , 10 Do. 5 p.c. Ezt )0 pe. 5i per ct.prof (Do. Way. Val. 6 p. c )o'North British 10 N. E. Beres. 4 p.c. P 5 iDo. do. do 3 Do Leeds R p.c 9 Do. do. Quarters 4. 0 Do.Yorkii.&s. Poi. 11 North Staffordshire., 0 Oxford, Worcester, Wolvorh.£ls, d p.c I fDo R. Pref. 101. Sh. 11 cot. Cont. ,Now Pre. outh Devon. ie. fixed, 4i percent . Eastern (Reaclinv Ann.) of Li ON. 64 XI Do. 41: per cent ill Do. Fixeol 4i p c ill S. Wales Gna.4 p. a, ►ll Do. do. 44 p. •..... ill S.Yorkeli.4p.c.Gunr. ►ll Stodk. & Dar., sp. 0. .5 IDo. (to. do Stock. & Harti. g. F p. c. till July 1,'56; ;WateridAKilk.6pci 92 - 94 94 - 98 li'i - lii ••• .... 108 - 105 ii i Z 11. io - 116 24 - 2i $3 91 par i p iks b 7 ••• ..... ••• 130 - 71 - SI 3 1 - n 30 31 813 So CB SHARKb. 107 -. 109 104 - 106 90 - 92 ECi -- 9t3 15 - 15 ... -- **, iii : •••• ...... i - 14 - 3? - rtJ Ti 113 [O5 107 99 -101 par . 9 10 6 63 85 87 77 79 75 80 15 9 164 10 66 63 17 18 9 124 —13 i 1 Id 182 ••• ...." ••• ••• -... .4 -- -.1, a•• ""' •• • 121 -12 i ~. - .. 31 - 133 91 - 93 - 4 II - lf 4 97 - 99 83 - VO 2i - 34 •• i .. i d H ... •u 93 - 90 18 ~d ~- 21i 22 92 94 at— 94 .. -- ... 2i - 2ii ►MINES. erla ....... ill I Anglo ♦uxtrin. Gold . Anglo Californian 6 Australian 13 tustralian Cordillera 11 kyo Maria 11 Baden (Gd.Dachy of, 11 Slconarvon Iron and Coal .4 Rritish 1r0n..,.,,,,,,, 6 Rra.zilianlmp.(isaned at £5 pm.) 11 Do. Cocacs k Culaba .5 Do. St. John Doi Roy Clarendon Cons, Mir Co. of Jamaica.... :3obro_ Co ppor 1 4 4 . 71010nial G01d..., al hopper Min. of Bug 11 bo. Pref. 7i p. oont 'lopiapo a ti'ortuna Il rleneral El lt.NuggetVoinßeg. LI 'firortt Polgooth II , Gt Wheal Y.r Utattedl II Liborty ir 1 al 5111 [1 Anares iLusitanian .1 ....... 11 New Grantulla 1 'Nouveau Monde 11, ontgiband Silre: Lead Mtn . & smnit I Port Philip 15 30 11 1 at 'its ROck: ,ymney Iron . o. New Ii Santiago de Cuba I ' nth Australian••••, fl o. Scrip i Do. 10 per *sail Pre] 9 nn Croft 11 United Mexican 11 Waller . 1 \ all 1"I al West Mariposa I. Worthing Mining 0, ♦ustral.ia . , I Ynba 25 i 1 41 100 i! toi 20 1 5 25 2, 15 1 , lg al 20 li 20 li 10 al 5 all 1 1 26 50 I i 50 I 11 I - I = . ... 4 o 2 - 2i 2i - 3 27 - 29.0 tE 30 '33 24 23 19 20 14-16 11 21 1 • ad - 7 f P t 20 - 6 - S 41 - 41 / - 6 - it 4 - 46 4 -- 46 1 - I ht ISCELLAN BOUB. Australian Agricultl Auslraln. Royal m a rl Berlin Water Works Brit. American Land Canada Canada Gov. 6 p. et Jan. ana jaly Crystal Do. Preference Crystal Pal. of Francs Dnston Tron Ore Eastern Steam En. daps Cop Sri Co Electric Telegraph Electric Teleg. of Ir 1 Gen. Iron Se Collier) Gen. Steam Navigat. General Screw Steam Irleh Beetroot Sugai Magdalena St. Narig Mediteran. Elec. Tel. Mexican&S.Amerian. Nat. Pat. Steam Fuel Netherlands Land De. De. D..ipoPiceatld N. S. W. Coal di Inter. Steam Navigat. Co. New B. dt N. B. Lend N. B. Australasian Nrth. of SuropeStems Oriental Gas De. " Now Shares " Peel Rr. Ld. & Peninsular& Orients' Do. New Portland Iron Co Royal Mail Steam Soot. Austral. Invest Ditto New South Auetral.Land Submar. Tel. Scrip Do. Registered. rrust& L. Co.U. Can. siru Dieraelekleata 2S - 30 ,1313 - 140 - no; 2 - 41 - .1k li 20 - 22 ... ...". 11,. i -- 10 II - 6 1 ri 2 3 e die— par •••• •• i .."". • • ... i .•• .• •-••• • lj ii 7 - ii ••• ".... •• - - 3 - 3 T rie ii ii 103 2 1111 91f 5 93j 74i 4 gi !no.. ES 1 ••• I I f Ii 1051 6 1 i I di. x d x d x d 138 40 13 110 f i 10 /I :d CAPTAIN BUIS"' ON RAILWAY MANA G EMENT. A dinner was given on Friday evening at the Clarence Hotel, Manchester, in honour of Mr. Eborall, the general manager of the East Lancashire Railway, on the occasion of his leaving the district to take the ma nagement of the South-Eastern Railway. Captain Huish, the general manager of the London and North- Western Railway, presided, and a large number of rail way directors and officers from all parts of the country were present. The CHAIRMAN, in proposing the " Health of Mr. Eborall," adverted at considerable length to the position and policy of railway management. He said, however singular it might seem that so gigantic an instrument and so wide-spread a system as that of the railway in terest of Great Britain should be in its present state of depression and collapse, while the railway system of every other country, derived from this country, was ex tending and improving, the causes of this were palpable to every one. In a great commercial country like this, teeming with money and overflowing with the annual increase of its wealth, the railway system, starting into ex;stence full blown, and far exceeding the anticipations of its creators, elicited a spirit of excitement, of spe culation, and of almost wild delirium of extension, which we were now only too ready to regret, but which, at the time, no one was powerful enough to withstand. Parliament, which ought to have stemmed the popular madness, first bounded on the commer cial enterprise of this country to a far greater and more rapid extension of railways than was prudent or expedient, and then, having excited competition as the only means of regulating the proceedings of these great corporations, stepped in and said, "Hay . ng granted competition, we can compel you now, under a sort of penal power, to assist each other to break each other's heads." (Cheers and laughter.) It was in vain that the older c , e - porations lifted up their voice, and preached the doctrine that competition in railways was combination at a later period, and that where one line pail 5 per cent, it did not follow as an inevitable se quence that two lines through the same district would pay f2i per cent. each. Parliament flung the railway system broadcast upon the country, without any consi deration whatever, and left to railway managers and directors the unhappy task of endeavouring to pick out this tangled mass and to weave into smoothing like a system the difficult and almost inextricable knot into which they had tied them. (Hear, hear.) But it was not in Englishmen to sit down contented with their arms folded ; and, as it was useless to regret the past, let them consider how to retrieve the grand cardinal error which had been made in this country, to rescue the wreck of this noble property, and reinstate it on something like a substantial basis. He, for one, had no hesitation or despair whatever of the railway system of Great Britain, if placed under proper management and judicious guidance. (Hear.) But, u n l ess we s t eere d a totally diffrent course from that so fruitlessly pursued fur years past., he feared we had not seen She end of the mis chief. r. rescue railway property Irons its present condi tion lie looked to prudence and publicity—for he thought the more public the proceedings were to the shareholders, the greater the element ofsecurity in railway property—but above all, to the returning good sense of directors and managers, in concentrating their energies rather for good than evil, and directing their effarts rather to be nefit and conciliate each ether than to snatch an undue advantage. (Hear, bear.) Railway managers had been too apt to forget, this policy, but he confessed that in his railway career those parts to which he looked back with greatest satisfaction were those in which he had endea voured honestly, and he hoped to some extent success fully, to harmonise ail the surrounding interests, and bring one groat system of fusion into profitable and ac cordant action. (Cheers.) However much boards of directors might exert themselves to conduct and regu late railway undertakings, it was in a very great degree on the temper, modera..ion, and spirit with which rail nay managers carried out their c - immunicatione with each other that the prosperity cf the railway system must depend. (Cheers.) Under the circumstances of his present position in the railway world, the railway manager must be a sort of rata azis of his kind. Ho must, of course, be a man of general education and en largsd views, and he must have address and manner, because he hail ta meet every class and description of men, from the peer to the peasant. 'Unless he had a large knowledge of human life, ho would not be able to cope with the difficult positions in which he was frequently placed ; and he must have a grasp of mind that would look over small things and take li beral and comprehensive. He must have his o kindly views views of n e i g hb our ing interests as well as and ho must have long and earnestly studied his pro fession, both in its scientific and in its commercial part. aware, thought, r v e e b ry u t little arg e and lie believed "g thea very d P ublic iffi a e t u l l a t large were thought, attention, and anxiety, and how when they travelled sm oothl y alon g a line of railway, of how much many aching heads, had been given to the provision of that a ccommodation which they enjoyed. The manager of a great trunk line must be aware of all the continually changing commercial and political circumstances of the country, and ought to be continually studying them. He must have an iron constitution, health, and activity; for it was no light task that railway managers undertook. Sleepless nights and anxious days, dry weather and wet, frost and snow, sun and sunshine, all were the same to the railway man ; there he must be. No pursuit re quired more imperatively that a man must have the power of regulating his temper ; and he would beseech the railway manager never to lose sight of the claims of his subordinates. (Hear.) He must be a man of regislarity and punctuality, in the strictest sense ; and, finally, the two qualities on which he placed the greatest value were truthfulness and integrity. He believed immense mis chief had been done to the railway interest, not by the want if common vulgar truth as betuesn man and man, but by the absence of that d e li ca t e perception of truthful ' . nen, that horror of deceit, that repudiation of all chicanery, and the absence of anything approaching to trickery on the part of railway managers, which was so much to be d es i re d. He would not merely place t h e value of integrity on t h e ground' that it was the best policy, but o n th e hi gher ground that they were t o en deavour to r a i se t h e moral character o f the system with which they were connected, and to rescue, if possi ble, 300,000 .of p,OOO/ roert e mploying some y, hun dreds of th ousan d s of men; and they could only do that by elevating their even conduct. (Cheers.) afterwards honoured. Mr. EB ORALL res ponded, and several toasts were e N P o ri b i le e : Nobles, from ru ssi a nc Berlin h am t b h e a r t o t h f Von M e se, Presi We learn by t .d h e e n t t el o e f g t r h a e p p h is dead. TELE QUEEN AND THE CRIMEAN OFFICERS. —/Ter Ma. jetty the Queen is making a collection of photographic por traits of the more distinguished officers engag e d i n the Crimean campaign. Her Majesty's symp a th y with her wounded soldiers is well known, as also is the hospi tality and gracious attention shown to the officers who have returned to England on leave or otherwise. To this her Majesty has added the compliment of expressing a wish to have a photographic portrait taken for the royal portfolio. The artist who has been entrusted with the taking of the pictures is Mr. Mayan, the well-known photographer of Argyll-place, Regent -street. The most recent addition to the royal collection is the portrait of Sir Colin Campbell. The gallant general sat a day or two since ; and, in spite of a fog by no means favourable to each operations, Mr. Mayall succeeded in producing a remarkably fine and characteristic likeness. 100 100 100 20 20 LOO 100 20 50 all &I all all 86 1 16 i 9 8f - m•,i 7 4.t•". •