The Sun. — London, England, 1856-09-18 00:00:00

THE SUN, _LON DON, TISURSDA Y EVE TUE SILVER DRAIN. (From the Times' City Article.) The exportation of silver to China is still attract ing general attention, which isincreased by vague dread lately excited , in the stock market. At the conclusion of the war every one calculated on a rapid recovery of the Bank bullion, and an advance took place in the funds, not only, in conse quence of the amounts which began to flow in, but of the anticipations of the still greater totals that might be expected. Early in July an adverse turn commenced, which has continued with scarcely an intermission to the present time, and which seems likely to gain force. The specie drain to the East presents itself as the only cause of the disappoint ment, and a large number of people who know that the movement is in some way connected with the rebellion in China, and that there is no prospect of a termination of the struggle, seem to be seized with apprehension at the discovery, and to accept it one from another as something to excite perma nent misgivings, and to disturb all future calcula tions. Th e y no ti ce t h e d a ily a c counts of the ab sorption of silver on the Continent, as the gold sent from this sid e t o p a y f or it, and of the attempt oi s the various G o v er n me nts, by ordering the of State banks e banks to put up their rates of discount,o% u asi , France, by the impotent contrivance buying gold at a premium on one hand which the bank is immediately obliged to part with at its natural value on the other, to check the g rowing inconve nience. Neverthele s s, e very overland mailbrings news of an increased demand. The cry is y the conse quently raised that, no matter what m extent of the gold production, the East willa be absorb it all, or at least will take silver from Europe to an equal or greater extent. A moment's reflection on the first principles of commerce and finance will dissipate the anxiety. There is no mysterious power on the part of the Chinese to drain specie from us at will. They will get no more from us than they are prepared to pur chase by a full equivalent, and unless it can be shown that we are consuming their goods in waste, and to a degree which our earnings as a people are not sufficient to warrant, we may rely that, how ever pertinaciously they may insist on having sil ver, and that however carefully they may hoard it, they cannot occasion to us the slightest permanent disarrangement. The bearings of the whole question may be con cisely demonstrated. The financial position of a country must depend solely on the amount of its productions as compared with its expenditure. Taking this test there never was a period when England was so secure as at the present moment. As regards our productions, agricultural and me chanical, we have just completed a harvest which, taking every description of crop into account, may, on the whole, be pronounced unexampled, while it is estimated that the value of our manufactures ex ported this year will exceed by ten millions ster ling the highest total yet attained. In the face of this the only question is, have our people indulged in, au extravagant consumption of foreign articles sufficient to counterbalance the prosperity thus in dicated, or have they been deluded into sending an unusual amount abroad in the shape of loans or otherwise? The observation of all persons, coupled with the monthly statistics of the Board of Trade, will show there is no ground for the former assump tion, and the answer is equally satisfactory on the latter, since, although a large number of schemes for foreign railroads and other works have been brought forward, very few of them have passed, as yet, beyond the rudimentary stage. In such a state of affairs an unfavourable finan cial prdspect would be anomalous and incredible. We might therefore, even if we were unable to trace to their conclusion the peculiar circumstances at present existing, rest in perfect confidence that ' the result will be satisfactory. But there is no difficulty in working out the problem. Last year the total shipments of bullion to India and China were 4,817,541/., of which only 757,8751. went to China. This year they have already amounted to 8,279,116/., of which China has taken, principally within the last two or three months, 2,326,3751. The demand for India has been consequent on the better market for the pro duce of that country opened by the Russian war, the effect of which has scarcely yet subsided, and on the India Company in London abstaining from drawing the usual amount of ;bills while they can avail themselves of the railway calls obtainable here at 5 per cent. The demand for China, which had only lately and suddenly become serious, is chiefly attributable to the failure of the continental silk crop and the consequent prices at which all the Chinese qualities are now being eagerly purchased. The other influences are of minor importance, but among them are to be reckoned the indisposition of the people while the rebellion is raginc, to pur chase goods, whether c ons i s ti ng o f E ng li s h manu factures or of opium, from India. The exportation of English goods, however, to China during the last three years has averaged only about 1,300,0001., and therefore not falling off in this item could be of any moment, and the utmost amount of the dimi nution in their consumption of opium would pro bably not exceed 1,000,0001. Hence it is upon the silk payments that the gravity of the case depends. This fact at once throws light upon the assertion that England can sustain noappreciable injury from the movements about to take place. To France it must be a point of anxiety whether the manufac turers of Lyons obtain their staple from their own growers or are compelled to buy the produce of China, but England does not grow silk, and therefore haS always to pay for what she consumes. There is no reason to assume that this year she will take, either in quantity or value, more than her regular amount. Indeed, according to the laws that com monly regulate such matters, the augmentation in price is likely in a more than equivalent degree to check consumption. The excess that arrives will consequently be shipped to foreign countries, and in its effect on the exchanges will operate as if, in stead of silk, we had received so much bullion. But although every dollar we are now parting with will this ultimately be repaid with the addi tiou of some considerable profit for our services as carriers, insurers, and agents, there can be no doubt that the withdrawal of specie whic'i must be sub mitted to in the intervening period is calculated to contract our ciroulation, and perhaps occasion even an increase of the pressure now regarded with dis appointment. The opinion of some of the leading East India houses in London is that in the twelve months from July 1856 to July 1857 a total of 8,000,0001. will have to be paid to China and India in excess of that which was paid in the preceding 12 months. This calculation may be too high, but it is as well to assume its correctness. They reckon an increase of 5,000,000/. in thevalue and quantity of silk, a reduction of 1,000,0301. in the value and quantity of the opium to be supplied from India to China, and a limitation of the drawings of the India House upon the territorial revenues to 2,000,0001. below the usual amount. In this way there is 5,000,0001. more to pay and 3,000,0001. less to receive, and a consequent alteration of 8,000,0001. in our relative position. Such a sum s added to 10,000,000/. or more, which was the amount taken from us in the 12 months to July last, would make a serious aggre gate to be provided in the ensuing season. There are, however, a number of counteracting circum stances already coming into play which will alter the prospect. In the first place there is no reason to suppose that the imports of produce from India will this year approach their previous total. It is believed that 4,000,0001. or 5,000,0001. may be struck off, including 1,000,0001. for rice and 2,000,0001. or 3,000,0001. for seeds, &c. It is also to be ques ti one d i f the India_ouse will be able to limit their drawings to the amount con templated. They require between 3,000,0001. and 1 , 4,000,000/, for their disbursements in England, but hesitate to draw it lest they should compel the local Government to resort to a 5 per cent. loan. To this, however, they must probably come at last, and they will, perhaps, recognise the necessity for it, instead of continuing the palliative of trusting to their railway funds. In this way the extra amount required may be reduced from 8,000,0001. to 2,000,000/. without taking into account the possibility of an increased consumption of opium or of European goods being yet witnessed. in China, when the silver, lately d e _ spatched thither shall have had time to ereateAn effect. It is only recently that the quantities sent to that country hav* been so enormous, and, nott• withstanding the war and the hoarding propensi ties of the people, it is reasonable to expect that their newly-acquired wealth will not 130 entirely buried. Estimating, however, that a total of 12,000,000/. will be required during the 12 months ending July Next, the limits of the inconvenience we aro likely to sustaiu may be easily comprehended. In ?-Bas, the worst year of the war, we parted with nearly 5,000,000/. to the same region, without Much trouble, and in the first eight or nine months of this year we have already sent away more than 8,000,000/. Meanwhile the results are manifegting themselves in the increasing arrival of valuable cargoes, which must tend to keep us in an excel lent position, not only with the Continent, but with America. Supposing our European relations to involve no drain, the Australian gold arrivals alone would enable us to buy silver to meet the w h o le demand for the East, even apart frdm the Mexican supplies, while the California regfiipts via New York or the Isthmus would remain to swell eisting stocks. This result, however, even in a partial degree—for there must always, as London is the banking centre of the world, be ot n b u e r tic become er ou a y y a ments to the Con tinent--may n t for 40220 . because in addition to the actual demand for specie for exportation, a tempo rary absorption of gold is taking place all over Europe, from its being withdrawn from the banks and the ordinary purposes of the money-market into the hands of the dealers, who stock themselves with a quantity to enable them not only in the capitals, but iu every petty town, to buy up all the silver coinage that may be available. It remains to be noticed that one cause of the prevailing disquietude regarding . the drain arises from the extraordinary way in which the inconve nience of the movement is aggravated by the effect of the silver standard on the Continent and the 'de privation the people are experiencing from the dis appearance of their regular medium of exchange. In consequence of this the panic is brought home to every shopkeeper and peasant, and the move ment assumes all the terrors which popular igno rance can bestow - upon it. If the French and other Governments were to take at once the step which it was years ago predicted they would find neces sary, of resorting to an exclusively golden cur rency, and were to offer the present market pric e for silver and re - coin it at a debasement of 10 per cent., they would at once escape from a great part of their difficulty, and all they would then have to contend with would be the results, which must still be serious, of their deficient crops. Sooner or later the plan must be adopted, and there is nothing to be gained by delay. It will be seen from what has now been stated that there are no points iu the present financial condition of England but such as may be viewed with congratulation. Even the prevailing pressure is in every respect salutary, since, while it fails to exert the slightest effect on the healthful buoyancy of the general trade of the country, it checks the multiplication of those foreign schemes which are waiting to be poured upon the market, and in the indiscriminate reception of which our greatest future peril will be found. IRELAND. DUBLIN, SEPT. 17. The Dublin Gazette of last night at length con tain sth e announcement of Mr. Bourke Roche's eleva tion to the peerage with the title of Baion Fermoy. The subscriptions for the Crimean banquet ex ceeded 1,0001. up to last evening, and the names of men of all political parties are daily added to the list of contributors. Sir Colin Campbell arrived in Limerick from Cork on Monday, and proceeded at once to an in spection of the troops, which was conducted with the utmost minuteness. The gallant general also inspected the barrack schools and the military prison, and last evening set out for Templemore. On Saturday evening last, Sir Colin, having com pleted the inspection of the Cork district, pro ceeded to Queenstown to visit Rear-Admiral Chads, Naval Commander-in-Chief on the Irish station. The Theatre Royal was again last evening crowded to excess with a brilliant and fashionable audience, the opera being " Lucrezia Borgia." The season promises to be the most successful that has been experienced in Dublin for some years. MR. W. SMITH O'BRIEN ON IRELAND. A scene of peculiar interest, and recalling the events of former years in Ireland, although in many ways strongly contrasted with them, was witnessed on Sunday at Cahermoyle, the seat of Mr. W. S. O'Brien, near Rathkeale, in the county of Lime rick; a . vast multitude of persons congregated from several of the neighbouring towns and the surround ing districts having assembled for the purpose of giving the late political exile a thorough Irish wel come home. The scene took place after divine ser vice ; and the people preceded by a band of music from Limerick, entered the demesne of Cahermoyle in procession, reminding one by their appearance and enthusiasm of the monster meetings of 1843. Several of the neighbouring gentry, and a great many of the Roman Catholic clergy were present ; and an addres§ to Mr. S. O'Brien having been read, that gentleman returned a reply characterised by a good deal of sound sense and good advice. He said : "Disappointments, privations, and sufferings fall lightly, comparatively speaking, upon those who possess a happy home. My home has been rendered, happy not only by the possession of every domestic blessing, but also by the attachment of the population who surround me. Twenty-two years have elapsed since I first came to settle in this county, and during that period no one cir cumstance has occurred which could tend to interrupt or impair the kindly sentiments which I desire to cherish towards my neighbours in the west of the county of Li merick. Or rather I shOuld say that you have lost no op portunity of offering to my family and myself the most unequivocal testimonies of your affection and respect. Nor can I ever forget that I had been established at Cahermoyle little more than two months when I was called forward to represent the county of Lime rick, and that you sustained me in that position during fifteen years on terms more honourable than, perhaps, ever subsisted between a member and his constituents. Let it not be supposed, however, that when I speak in this manner respecting the inhabitants of the county of Limerick, I am insensible to the feeling which has been manifested towards me elsewhere. Seldom have I met an intelligent foreigner who has nct sympathised with the wrongs and sufferings of Ireland, or who has failed to evince his regard for me when he learned that I was an exile, because I had striven to ward off those suffer ings and those wrongs. For the same reason my name has been mentioned with honour in the colonies and in America, where the Irish settlers cherish towards Ire land feelings more intensely national than those which at present prevail in this country. I may add, I trust without arrogance, that notwithstanding all that has been done to eradicate the sentiment of Irish patriotism, I have reason to believe that if I had given notice that I should arrive in Dublin on the seventh anniversary of my transportation—the 9th of July—l should have been greeted with as large a " monster meeting" as ever was assembled within the precincts of the metropolis ; and that scarcely a week had elapsed after my arrival when I was offered the representation of the county of Tip perary by a body which acts as the organ of a majority of the freeholders of that county, and who, I have no doubt, would have been able to give effect to their choice in case I bad acceded to their request. I have been in formed, also, that the electors of my native county, Clare, are desirous that I should occupy the vacancy which will probably arise at the next election by the retirement of one of the present members. These manifestations of opinion I attribute not to my own merits, nor even to entire c mcurrence with my political views, but to the generous nature of the Irish people. They would re proach themselves, even if they did not fear the reproach of other nations, if they were to exhibit coldness or in difference towards those who suffer in an attempt to save them. My determination to stand aloof from the Bri tish Parliament continues unaltered. You kindly allude to the probability that my son may hereafter represent the county of Limerick ; at present he is under age, and will be occupied for several years with the studies neces sary to fit him for the bar, to which profession he is des tined: If he prove his capacity for public affairs by successful exertion in his profession, I will not dissuade him from adopting whatever career he may cousidei most useful to his country. In the eneautnue, I am happy to inform you that I place uultaiited confidence in his devotion to Ireland. For myself, many considerations of a domestic kind would at present n nder me reluctant to pass six months out of every year in London ; but these. considerations might per haps hereafter be overruled, if I were not convinced that my time can be not only more happily but also more profitably spent in my native laud. I have no desire again to waste night after night in witnessing or taking part in the discussion of questions relating to Ireland which are to be determined by the votes of English and Scotch members, who feel no concern about them, and who often do not even take the trouble to attend the discussion, but simply vote as they are directed by the leaders of the English Parliamentary party. Nor shall I conceal from you that my sentiments respecting the interests of this country are not in harmony with those which at present prevail amongst the influential classes in Ireland. When in 1843 I avowed myself to be fully convinced that the only effectual guarantee for the per manent welfare of our country is to be found in the restoration of its legislature, I did not profess this con viction only as a means of extorting secondary advan tages of either a personal or a national kind for the in habitants of Ireland. I adopted it as a stern reality, the furtherance of which would probably for severe , years require many personal sacrifices on the part of those who became the champions of their ceuetry's rights, and which specially demanded an entire separa tion from all connection with English Governments and English parties. Within the short space of ten years I have f ein almost every man who was a prominent leader in the repeal agitation (except those who were driven mos exile) beco me a s ti pen di ary or a supporter of the British Government. I have no desire to impugn the motives or conduct of any man, a change of circum stances sometimes justifies changes of opinions ; and I ,always prefer to impute even to doubtful actions hon ourable rather than base motives • but when I find that these chang es h ave been sanctioned_amid ' in some in stances endburaged—by the constituencies of Ireland I ant compelled to con c l u d e th at my opinions are out' of abe u p : e n a t r a e i. „appeared that Taralthe neveridn dot} t t date, and that Irish patriotism no longer means what it is :m e e a f y i maintained, i s n l h 6 e B misunderstood.m ai a t t d 43' nor L d e o t altennoowJn,t Patriots to peek se r paration from England by forcible means. Under all circumstances cirCustances when i n 1848 this ' country was reduced by'rnisgovernrnent to a conditi on more abjects than any that it had known, e ven i n th e worst period of its disastrous history, and when we were deprived of all constitutional methods of redress, by the suspension of the Habeas Corpus Act, I thought, and I still think ehatlf we had been supported by t h e I r i sh nation in the struggle - which we commenced, we should have been able secure for Ireland, within a fe w mont h s, or perhaps a few weeks, the inestimable . blessin g o f se lf government. A few years' residence in Belgium, which, during the last 25 years, has been one of the . best r egu l a t e d nat i ons of Europe, has confirmed me in the conviction that a Government founded on a successful revolution may be come the most stable of all governments. But it is vain to speculate upon what might have happened if we had succeeded in 1848 in establishing the national or legis lative independence of Ireland. Fate decided agai ns t us, and since the occasion required a victim, I rejoice th at I , who was m a i n ly re sp o nsible for the abortive movement, became one of the chief victims, rather than that others should have suffered—many of whom followed the path of danger in consequence of the implicit confidence which they placed in their leaders. I accept otir defeat as a I decree of Providence ; and if the Irish people think tb.z..l, - we can be more happy under the government of the Imperial Parliament than under that of a local Legisla- Pure, lam compelled to acquiesce in that preference. I acquiesce in it with the less reluctance because this coun try is now comparatively prosperous, and" because some of the evils which gave occasion for disconteat have been mitigated. Personally, I had no ground for complaint when I first became an auxiliary in the national effort which was made to obtain a legislature for Ireland, and in 1848 I put to hazard everything that was most valuable to me for the sake, not of myself, but of my suffering fellow -countrymen. I trust, therefore, that I shall be able to live happily amongst you, my kind friends and neighbours, even though the aspirations which I once cherished for the glory and gran deur of my country may never be realised. At the same time I hold myself perfectly free to t Ike whatever part in Irish affairs best befits an Irish patriot. I never would have returned to Ireland if fet tered by any conditions other than those which are imposed by social duty upon every Irishman. I shall, therefore, occasionally take the liberty to offer advice upon public affairs to all who are disposed to listen to my suggestions ; but for the present I desire to enjoy repose during a few months, if it were only that I may have an opportunity of studying the altered circumstances of this country. In penning this long answer to your kind address, I have thought it right to abandon all reserve. In doing so I do not seek to pledge you to conformity with my opinions. There is one point at least upon which all who have met here to-day agree. We all love Ireland, however we may differ as to the best mode of serving her. To me it is delightful to feel that, whatever the faults of the Irish race, they are endeared to me by their kindly, genial, and generous character. Since we last met I have seen almost every variety of the human species, from the lowest to the highest type of humanity, French, Spaniards, Belgians, Germans, Italians, Greeks, Africans, Asiatics, and even Aborigines of Australia. I have been brought into cur tact with some of the most accomplished and some of the most brutish specimens of the human race; I have seen nowhere a people among whom I would so willingly dwell as among that people with whose des tinies the destinies of my family are inseparably identified. Since last we met I have wandered through many a beau tiful scene in foreign lands ; I have gazed on the snowy summits of the Alps and of the Appenines—of Etna and Parnassus; but I prefer a home within sight of the Gal tees. I have traversed the most lovely lakes of Switzerland and of Italy, but for me Loughderg and Killarney have charms which exceed those of Zurich or Como. I have crossed the valleys of the Po and of the Nile, far famed for their exuberant fertility ; but their fertility can scarcely surpass the evergreen verdure of the rich fields of my own native land. It is truly delightful to me to Sad that imagination and the yearnings of absence, which is said " to make the heart to grow fonder," have not exaggerated for me the charms of ill native coun try ; and that I can here realise to myself the sentiment which induced me, when returning home from distant lands, to exclaim with the poet, respecting Ireland : It may not brightest be, or best ; To me it spreads a mother's breast ; Its springs well from my inmost heart Its skies my heav'nliest dreams impart. Its earth enshrines my parent's tomb— Its air, amid life's darkest gloom, Breathes hope into my withered soul. Swiftly ye loitering billows roll— Swiftly ye lagging coursers fly Once more beneath my longing eye In thy familiar charms expand My own—my blessed fatherland. INCUMBERED ESTATES COURT. (LONG VACATION.) PETITIONS.—The following petitions were presented from Friday, the sth of August, to Thursday, the 11th of September, 1856, both days inclusive :—Blackney, James (assignee of), Thomas •Jobn Smith, petitioner. Property in the county of Westmeath. Yearly value, 2661. 9s. 4d. ; incumbrances, 7,1691. 13s. 7d. Solici tors, Ardill and Stephens, 72, Aungier-st ree t. H oops, Alexander, owner ; Rodolpb, Murphy, petitioner. Property in the town of Tipperary. Yearly value, 851. 16s. Bd. ; incumbrances, 450/. Solicitor, John Gra ham, 93, Harcourt-street. Thompson, Henry, and others, owners • John Moth erwe ll, p et i t i oner. P roperty is the county Of Donegal. Yearly value, 451. 15s. 41; incumbrances, 1,8621. 2s. 2d. Solicitor, Bobert Mease, 9, Eustace.street. CONDITIONAL ORDERS.—The following conditional order was made from Friday, the stb, to Thursday, the 11th Sept., 1856, both days inclusive :—Robert Hanly and another, owner ; the trustee of T. Gilmore, peti tioner. Solicitors, Bowman and Campbell, 19, Upper Ormond quay. ABSOLUTE ORDERS.—The following absolute order was made from Friday, the stb, to Thursday, the 11th of Sept., 1856, both days inclusive :—The Rev. Thomas J. Jones, owner and petitioner. Solicitor, William K. Clay, 23, College-green. POSTINGS FOR SALE.—There were no postings for sale since last report. • MISCELLANEOUS. —The next 'sale to take place in court is posted for Tuesday, Nov. 4 next. Total number of petitions lodged, 3,944 ; total number of conveyances executed by the commissioners, 6,144 ; total number of lots sold, 9,329 ; total produce of sales, 18,099,3501. 14s. 9d.—Statistics Office, Sept. 12, 1856.—C, M. 0 BMSBY. THE PENSION LIST IN CONNECTION WITH LITERATURE, SCIENCE, AND ART. The following letter has been addressed to a contem. porary:—. Sir,—Three years ago a letter from my pen appeared in the public press on the subject of the claims of the widow of the Ettrick Shepherd upon the justice and be nevolence of her country, and that letter, together with a subsequent correspondence on my part with Lord Aber deen, the Right Hon. T. B. Macaulay, and others, was the means of Mrs. Hogg'e procuring Cie pension she now enjoys. Again I ask the same privilege with respect to a lady, the widow of one of our liveliest and wittiest modern writers, whose name was not appended to his popular works, but whose position in the literary world, during his lifetime, was well known and recognised, and whose essays remind us of the best days of " Elia" and Hazlitt —I allude to the Rev. W. P. Scargill. The Rev. W. P. Scargill died in Jan., 1836, of pres sure on the brain (that fearful malady which overthrew Scott, and Southey, and Moore, and Wilson, and a host of others distinguished for intellectual exertion), leaving his widow, a young family, and an aged mother utterly unprovided for—in other words, destitute. For 20 years Mrs. Scargill has been living in obscurity and poverty, unprovided for, although no fewer than three First Ministers of the Crown have successively acknow ledged her claim to public countenance and support. Allow me, air, to trouble you with a brief detail of the late Rev. W. P. Scargill's intellectual labours, and of his widow's claims to be placed as a pensioner on the civil list. For several years Mr. Scargill was engaged along with other classical scholars, including Mr. George Burgess, Dr. Major, E. H. Barker. &c., in editing, revising, or translating as required, the works issued by Mr. A. J. Va;py. Among these I may mention the " Delphin C'as-ics," " Schrevelius's Greek Lexicon," the Latin interpretations of which were rendered into Eng lish ; " Robertson's Latie Phrase Book," and many other works of scholastic uci ity. He was also the author of many. novels and tales, which are in good repute. Witness " Truckleboriugh Hall," "Rank and Talent,' " Provi,:cial Sketches," "Trials and Triumphs," "Light in Darkness," "Atherton," "The Usurer's Daughter," "The Puritan's Grave," &c. He was on the staff of the Atlas ; and contributed to Blackwood, the New Monthly, &c., and wrote occasionally for the Athenteant. He was the personal friend of the late Mr. Barnes of the Times. After his death his widow collected and published, in 2 VOIR., sketches and essays by him, under the title of the "Widow's Offering." In proof of Mr:Scargill's recognised position in the literary word, when on his d.%th bed, and without any application on her part, Mrs. Scargill received from the Royal Literary Fund, 30/. ; no sooner was his death known than 201. more was forwarded to her, voluntarily, from the same institution. When Mrs. Scargill first sent in her claim for a pen sion, that claim was recognised by Sir Robert Peel, the First Lord of the Treasury ; and in token of that recog nition, he sent her a donation from the Royal Bounty Fund. The Earl of Derby and the present Premier responded in like manner from the same source; and so late as within the last fourteen months, Lord Palmer ston, to use his own words in a letter to a member of the House of Commons, "made a note of her case for future consideration." Sir, I have no personal interest in Mrs. Scargill. I simply addre4s myself to you in regard to her on public grounds. Till recently, I was not acquainted with her, or with her case. lam very unwilling to make any comments on the manner in which the pension, money, ostensibly set apart for the encouragement of literature, science, and art, is applied ; but at the same time it is utterly impossible fcr me to shut my eyes to the fact that of that pension money (1,2001.), from June, 1855, to June, 1856, not less than 9251. was appropriated to purposes for which it was never intended. Out of it the three eldest daughters of that distinguished warrior, Lieutenant-General Cathcart, receive 1001. per annum each. In tbe,name of all that is consistent, why should these ladies be quartered on this portion of the civil list ? What has literature, science, and art, to do with those who shed their blood at Enkerman, at Alma, and in the brilliant charge of the Cavalry Light Brigade? In the name of right reason and of common sense, if so paltry a sum as 1,2001. a-year is all that is to be set apart from the public funds for encouragement to litera ture, science, and art, while thousands, and tens of thousands, can be, found for purposes of a far less benefi cial description, let it at least be confined to the objects which it has in view, and let it not be squandered on purposes which are not in any degree connected with it.—l am, &c., JOHN MARSHALL. Windsor, Sept. 16. [ADVERTISEMENT.]--Holloway's Ointment and Pills are infallible Remedies for Ab , cesses.—Mr. H. Rod well, of Great Canterbury•place, Lambeth, bad been tormented with a fearful abscess in the arm, so extensive and deeply seated that his medical attendant despaired of his ultimate recovery. He had been dismissed as in curable from three hospitals when he was recommended to make use of Holloway's Ointment and Pills, which he did, and with such signal success that in one month the abscess commenced healing, its virulence abated, and shortly afterwards it was completely cured.—Sold by all medicine vendors throughout the world ; at. Professor Holloway's Establibhments, 244, Strand, London, and 80, Maiden-lane, New York ; by A. Stamm Constantinople; A. Guidicy, Smyrna; and A Muir, Malta. Y RAILWAY INTELLIGENCE. GRAND TRUNK RAILWAY OF CANADA. A meeting of the shareholders of the Grand Trunk Railway Company of Canada was held yesterday at the London Tavern. Tile chair was taken by T. Baring, Esq., M.P. The report having been taken as read, The CHAIRMAN, in opening the proceedings, said the report having been taken as read, it would be his duty to submit the usual resolution to the meeting. The directors were prepared to give every explanation it was in their power to any inquiries that might be put to them, and to express their opinions upon the different points that might arise in the course of the meeting. He had been informed that a motion for the adjournment of the meet ing, and also for the appointment of a committee to ascertain the state of the affairs, would be made. The di rectors were ready to grant a committee if it was the in tention of the meeting to appoint one, and in the event of the motion being agreed to were anxious that the members of the committee should be independent of contractors. (Hear, hear.) There would, as ' he before said, be no objection to such a course, but it was for the members to consider the effect that was produced by the appointment of committees. The effect, in the present instance, would be to produce in Canada an impression that there was a division in the mode of conducting their affairs. With these few observations, he put it to the shareholders whether it would be desirable to appoint such a com mittee as was proposed. He thought it advisable if the present meeting was to be adjourned, that it should be so adjourned without any further discussion. The resolution he should move, supposing such a course had not been adopted, would have been that the report be received, and that they be directed to take steps to carry it into effect. He should not propose such resolution until the question of adjournment had been disposed of. There were also other resolutions which he should move, to the effect that this meeting should co-operate with the direc tors in Canada, to get a modification of the act passed by the Legislature ; but, of course, until the course it was intended to adopt was fixed, it would be futile for him to move any resolution. He assured the meeting there was no attempt on the part of the direc tors to quit the ship, but to stand by it until it floated safely in deep water. Mr. CLARK complimented the chairman upon the straightforward course he had taken, but he thought it was his duty to move the adjournment of the meeting, and also that a committee of inquiry be appointed.. A long discussion took place as to the advisability of adjourning the meeting. The motion was eventually withdrawn. The CHAIRMAN said he thought that a wise course had been adopted. It did not surprise him to hear a diversity of opinion expressed on the position of the company, but he did not despair of the prosperity of the undertaking. He felt that the Canadian Legislature would afford the shareholders the relief they required, and it would be impolitic for them to reject the act that had been passed. It was not the way to get relief to refuse that which bad been given. It was absolutely necessary that funds should be raised to meet the exi gencies of the company ; and, under these circumstances, the directors were compelled to recommend to the sanc tion of the shareholders an increase of the capital of the company to the amount of 500,000/. This amount they suggested should be raised by the creation of deben tures. It would be seen by their accounts that they had no surplus in hand, and it was imperative that the sum he had mentioned should be raised, in order to meet the sum that would have to be provided before the Ist of January for interest. Under all the circum stances he thought the best course to adopt was to raise the 500,0001. on bonds, to come in for payment after the other bonds already issued. He assured the meet ing that everything that was possible was being done to put the company in a good position. Mr. CLARK believed that nothing but mismanagement had placed the company in the position they ski present occupied, and he thOught that the appointnient of a com mittee, and the adjournment of the present meeting for a few days, would be the best thing that could be done at present. Mr. WEGUILIX entered at some length into the diffi culties that had beset the operations of the undertaking, but he did not think there was any cause for despon dency as to the ultimate prosperity of the company. The Hon. Mr. Ross explained the different points in the report that had been alluded to, and said he should feel great pleasure in answering any questions that might be put to him. A SHAREHOLDER begged to ask why Mr. Liddell's proposition for the 'Victoria-bridge was not carried out ? Mr. Ross said he would answer the question in a few words, namely, he did not think that the present was a fit or proper place to enter into a scientific discussion. (Hear, hear, and," Oh, oh.") A SHAREHOLDER asked when the bridge, with the present expectations, would be completed 7 Mr. Ross—lf so unforeseen obstacles should occur, the bridge would be finished in 1860. Mr. DOUGLAS was about to address the meeting, when Mr. GLYNN rose to a point of order—he wished to know whether Mr. Douglas, he being only a bond. holder, could address the meeting. The CITAIRMAN said he was legally informed that Mr. Douglas could not address the meeting. A discussion on the point arose, but it was ultimately decided that Mr. Douglas had not the power to speak. Mr. CLARK said he believed the time had arrived at which they ought to move the adjournment of the meet ing. He begged, therefore, to move that the present meeting be adjourned for a fortnight. The motion having been seconded, it was put to the meeting and negatived, as was also another proposition that an adjournment take place for a month. Mr. CAMERON, a member of the Canadian Legislature, stated that be had great confidence in the ultimate suc cess of the undertaking, and advised the shareholders not to depreciate or sell their stock. He did not think they would get the per cent., as the original pros pectus set forth ; but he thought that they would get 5 or 6. In order to secure this it would be absolutely ne cessary to alter their present system of management. He thought it would be desirable, in order to secure the prosperity of the undertaking, to have one or two gen tlemen, in whom they had confidence, in Canada, as managing directors, having seats at the board, and also possessing the power to receive and use proxies. This plan had been conceded by the Legislature to the Great Western Railway, and he had not the slightest doubt that the same concession would be made to the Grand Trunk Railway. (Hear, hear.) The hon. gentleman having given a very excellent description of their property in Canada, concluded by calling upon the sharehol ders not to lose heart in the undertaking, and assured the meeting that the Canadian people would fulfil all their promises to the very letter. Sir A. MtNas entirely concurred in the observations of Mr. Cameron. The CHAIRMAN said that the following passage in the report would show what was the feeling of the directors as to the proposed alteration in the constitution of the London Board :—" The serious attention of the Lond, n Board has been drawn to the existing constitution of the direction, divided as it now is into two sections, bitting in Canada and in London. The functions of the latter body are very limited, and while they appear to impose responsi bility, do not afford any power of effectual control. It may be absolutelynecessarythat the English shareholders should be more effectually represented at the Canadaßoard, and that the representative should be invested with power to act for their interests there. The directors are informed that it is the intention of the Canadian Government to propose t<2 Parliament an alteration in the constitution of the board by withdrawing their directorsand substituting a commissioner unconnected with the Executive Govern ment." He thought, that being the case, it would be unfair to fetter the directors by passing any resolu tion on the subject. In reply to a Shareholder, The CHAIRMAN said the directors were desirous to act in harmony with the Great Western Railway of Canada, if possible. It was not true that any difference existed between them. The motion for the adoption of the report was then put from the chair and agreed to unanimously. The following are the resolutions which are to be sub mitted to the general meeting to be held during the pre sent autumn in Canada : " That the company accept the act of the last session of the Provincial Parliament of Canada, leaving the directors to urge such modifications upon the Government of Canada as they consider expedient. " That the sum of two millions of preferential capital, authorised by the said act, be raised by the issue thereun der of preferential bonds of the company to that amount, each bond to be for 1001. sterling, and to bear interest at six per cent., an d to be repayabl in 25 years, such bonds to be offered, in the first instance, to the shareholders in proportion to their respective shares, and any not taken up by tho shareholders to be sold by the directors in such manner and at such prices as they shall from time to time determine. • • "That the additional agreement with the English con tractors, and the further agreement with the Atlantic and St. Lawrence Railway Company, under which additional shares9f that company to the extent of 140,9381. 17s. id., have been issued to this company, be and the same are hereby approved. " That the resolution of the directors dated the 20th day of August, 1850, for increasing under the authority of the Graud Trunk Railway Act, 1854, the capital of the company by the sum of 500,0001., be, and the same i It hereby approved, and that the directors be, and they are hereby authorised to raise that sum, or so much thereof as may be required from time to time for the purposes of the company, by bonds of the company, to be called C Bonds, and that each bond be for 1001. sterling, and bear interest at the rate of 6/. per cent., and be repayable in 25 years, and that such bonds be issued by the directors upon such terms and conditions, and at such premium or dis count, and to such persons as they shall, from time to time, direct and determine." --------- The proceedings terminated with a vote of thanks to he chairman. BRIDPO RT. The report of the directors of this company, just issued, states that " The directors hope the line will be ready for opening in the spring. Since the last half-yearly meeting the directors have deemed it desirable to exer cise the powers which were then given them by the share holders to borrow money on mortgage of the company's property, and have accordingly done so to the extent of 15,600/., the greater part of which they have obtained at 4f per Wired and none bee been borrowed at , EPT EMB E R 18 6 856 more than 5 per cent. For the remainder of the amount, to the extent of which the borrowing powers of the com pany are limited, via., 5,000/., the direetots ate prepared to receive applications from parties desirous of lendlott, it, and they hope to obtain it on at least as reasonable terms as those on which they have raised the amount that has been already borrowed. With regard to the disbursements the largest portion has been made to the contractor." The engineer's report states that " The earthwork executed up to the 28th of August amounted to 313,861 cubic yards, leaving only 74,834 yards of the quantity as originally calculated to be done. But to this sum must be added about 40,000 yards of additional excava tion, which has been rendered necessary by the slips at Witherston, and there thus still remains a total quantity of 114,834 cubic yards to be excavated. The average rate of excavation for the last six months has been 34,000 yards per month, and with this rate the whole will be completed before the end of the year, and the li'ie ready for opening early in spring. The fencing is nearly complete, and, with the excepti on o f a f ew d ra i ns and accommodation works, the whole masonry is finished to Maiden Newton. At that part of the line there are still four bridges to build, but these will be commenced as soon as the excavation will allow of their being proceeded with, and will not delay the opening of the line. This will depend principally upon the works at Witherston, where the means that were adopted to remedy the slips which had taken place in both cutting and banking have, so far as it is possible at present to judge, been effectual, and I do not antie'pate any further difficulty at this place. The lay ing of the permanent way, and the construction of the station at Bridport, are now being proceeded with, and will be pushed on as rapidly as possible." Tne accounts show the following disbursements for the half-year, viz.: Engineer:n);, 3501. ; purchase of land and compensation to tenants, 1,5221. 163. 6d ; contractor, 24,0671. 175..10d. ; surveyors' and eolicl. tors' charges, and arbitration expenses, 3131. 14s. 2,1. ; stationery, printing, stamps, and advertising, 29/. Os, Bd. ; secretary, 1001. ; law clerk and offices, 1001. ; miscel laneous expenses, 451. 19s. 9d. Total, 26,5291. Ss. 11d. Balance in hand of bankers, 9,7681. 16s. 2d. being made to establish a communication between this country and India, ekt the Euphrates, his great influence with the Turkish Gc - ..ernment, to facilitate the negotia tions fur the firwan so far as was consistent with his Exoellenc.iy's distinguished official position. 13. I have reason to believe that Lord Stratford has long regarded with roach interest the establishment by Englishmen of the proposed route to India, so calculated to promote the prosperity, safety, and consolidation of the Sultan's Asiatic dominions, being at the same time of inestimable importance to the policy and power of this country. 14. I have therefore only, in conclusion, to request that Lord Clarendon would be good enough to state to Lord Stratford the same approval and concurrence in the objects contemplated by this company he was pleased to express verbally when I was honoured with an interview, and suggest to the ambassador the recog nition by his Excellency of the mission of General Ches ney as one worthy of his countenance and furtherance. — I hare the honour to be, lord, &c., (Signed) N , %. P. ANDREW, Chairman. PRIG, 1.4 OF SHARES, BANKS, ASSURANCE, AND OTHER COM PANIES' STOCK. From the Official Lat. NIBLISEIED EVERY TUESDAY AND FRIDAY EVENING LONDON, TUESDAY, SEPT. 16, 1856. GAS-LIGHT AND COKE COMPANIES. Dividend Amount Namo of Company. per of Paid. Price. , Annum. Share. ---- - 1 X s. d. X s. d. British • • • • •• .• •• •• .• - - - Ditto Provincial .... Brighton .........• . , 7-1. 5/. 2 2 0 0 0 0 0 0 2 20 0 0 0 0 0 1 - 15 City of London ...... 41. Os. 100 0 0 150 00 1 - Continental (4th Cap.) . - 150 0 0 20 00 1 - Equitable-........... 2/. 10s. 50 0 0 all 35 Great Central ....... 8/ per cent. 10 0 0 all 12% [inperial ............ 101.& bonus. 50 0 0 all 90 Independent ........• 51. 40 0 0 ft London...-. ... ,„ .. - 30 0 0 VP - Do., Pall. Preference 61. per cent. 25 0 0 Pf 25 Pho3nix ............. 41. per cent. 60 0 0 52 0 0 - Ratcliff •.• . . ....... 51. 100 0 0 16 0 0 16 United General ...... 21, 10s. 50 0 0 all 21 Westminster Chartered 41 per cent. 50 0 0 91 53 Ditto, New --• • •• .- 50 0 0 10 0 0 10% WATER-WORKS. ( Dividend Amount Name of Company, 1 per of Paid. Price 1 Annum. Share. - --- £ s. d. X s. d. East London Grand Junction Kent...... - sok Lambeth . ..... .. • - 100 0 0 - ua New River Company ' 21.105. - - - Southwark & Vauxhall 51. per cot. 100 0 0 - - West Middlesex -• • - 100 1 4 BRIDGES. Dividend Amount Name of Company. per of Paid. Price. Annum. Share. X s. d. X s. d. i gungerford - .. • • - -7% Southwark .... - 100 0 0 - - Ditto New of 7% p.c. 11. per cent. 50 0 0 - - " Waterloo ..... ....., - 100 0 0 - - Ditto Old Ann. of 81. 11. 14s. Bd. 60 0 0 - - Ditto Nw ditto of 71. 11. 10s. 4d. 40. 0 0 - 26% Vauxhall ....., - 20% . DOCKS. Dividend Amount Name of Compa per of Paid. Price. Annum. Share. - - X s. d. X a. d. Commercial .......... 51. pr cent. Stock. Stock. - East and West India.. 61. pr cent. Stock. - - East C(./untry.. ' 20s. per sh. -- - - London. . • ... . .. 5l. pr cent. Stock. - - Ditto Bonds • • • • 4/. per cent. - - - St. Katharine •• .• - 4 per cent. Stock. - - onthampton 3l. Os per c. 50 0 0 50 0 0 46% Victoria .. •• I 51. per cent. 20 0 0) 10 0 0 - JOINT-STOCK BANKS. Dividend Amount Name of Company. per of Paid. Price. Annum. Share. ---. Xs. d. 4 s. d. Australasia........... 20/. per cent. 40 0 0 all 104% British North American 61. per cent. 50 0 0 /2 - Commercial of London. 10/.per cent. 100 0 0 20 0 0 - Colonial .... •• • ....... 51. per cent. 100 0 0 25 0 0 70% 10nian................ 61. per cent. 25 0 0 25 0 0 - Lond. Char. Bk. of Aus. - 20 0 0 all 0 20% London, and County .. 10/. per cent. 50 0 0 20 0 0 32% Londn and Westminstr 141. percent. 100 0 0 20 0 0 48% London Joint-Stock ... 121. per cent. 50 0 0 10 0 0 31 Provincial of Ireland.. 81. per cent. 100 0 0 25 0 0 57 ' Ditto, New.• • ...... 81. per cent. 10 0 0 all - Nationr.l of Ireland..., 61• per cent. 50 0 0 22 10 0 - Nat. Provincial of Eng. 81. per cent. 100 0 0 35 0 0 - Ditto, New .. •• - -8/. per cent. 20 0 0 10 0 0 - Oriental Bank Corpora. .81. p. ct.&bs. 25 0 0 all 39% South Australia ••.• .. 141 p.ct.& bs. 25 0 0 t, - Union of Australia.. • • 301. per cent. 25 0 0 68 Ditto .... •••.•. - - 30/. per cent. - 2 l ' ,o 0 - Union of London.-- 201. per cent. 50 0 0 10 0 0 26% Union of Madrid ... • . - 40 0 0 all - CANALS. .3 1 Names of . Dividend , Names , s , 4 Dividend ~ Price '' per Companies. .2 per Companies. ca ' A.uu . ___ Unll . Price. 4 ca ,Annum. 1 co ) £I X I Ashtn &Oldh 93 71. p. ct. 145 Macclesfield. 100 . 21. 10s. 51 Barnsloy• ••• !160 - - Neath ••• • • • 100' 161. - Brknkeisetbrg l lso, 41. Oxford.... • . 100 - 103 Birmingham 40' 41. 91% Peak Forest. 781 51. OS. 76 Coventry.... 100 251. - Regent's •• •• 301 I/ 16 Derby • • ... 100 61. 15s. 84 Rochdale.... 55' • IL 105. 76 Ellsmre&Chs 69 2% p. ct. - Somrset Coal 1 401 - - GrandJunctn 100 31. pr. ct. 43 Do. Lk FdSt 121 - Do., 6 pr.Ct.l 10 61. pr. ct. 11% Stfird &Wore 14 0, 281. 425 Grand surrey 100 41. - Shrewsbury.. 12 51 - - Grand Union, 100 1/. Os. - Stourbridge.. 1 451 121. 290 Kennt & Avn 39 6s. Od. 6% 'Severn and'l 26i 21. - Lancaster .. 100 - - Wye Rail. Leeds &Livrp 100 251. 483% , Warwick & 21. 25 Leicester ....IMO 51. 491 , Birming. 5 100 Leicstr &Nth 83 - ,- Warwick & 1 21. 8 Loughlorogh 142 701. 550 Napton...s 100 Monmouthsh 100 - - Worcstr 8/ 78 21. 20 Mntgmerysh 100 - - Birming. MeltnMwbry 100 - - Wilts & Brks -10 s. Od. -- THE CEYLON RAILWAY. (Prom the Colombo Examiner.) The interest of the past fortnight has again entered in the railway question. A public meeting was held, at whit L certain resolutions condemntt pry of the proposed railway ordinance were passed; but this has been, by almost general consent, esteemed as quite contrary to public opinion. Full notices of this will be found else where, as also of certain resolutions adopted by the Chamber of Commerce. In the Legislative Council the railway ordinance was introduced on Wednesday last, by the Queen's Advocate, in a speech of extraordinary ability, and a pleasing feature of the proceedings on that day was that the ordinance was seconded by Mr. Swan, the senior English official member ; and this act was spontaneous and without concert. Mr. Swan, in second ing the reading of the bill, stated that he had reason to believe, from correspondence received from England by last mail, that the required funds could be readily obtained at a guarantee of 5 per cent. ; and we think, while the hon. member was quite correct in his statement, that the information referred only to the then moment of writing, and not either to the time when the provisional agree ment was signed, nor to any prospective period. If we are right, we are sure that Mr. Swan will take the earliest opportunity of setting himself right on this point. It should not be forgotten in the consideration of this question that the railway company are pledged to raise a very large part of their capital at 5 per cent., viz., 400,0001., or two•thirds of the whole ; and thus, in effect, the entire dispute on the question of interest is resolved into a paltry consideration of 8,0001. a-year ; paltry in respect of the interest involved. For all are agreed as to the propriety of sanctioning a 5 per cent. guarantee ; and the difference between 5 and 6 per cent, on 800,0001. is only 8,000/. ; and the remainder of the capital, 400,0001., is, by the agreement, only to bear 5 per cent. It appears to have been omitted from the consideration of those who hold that the railway would not pay, that if it does not pay, if, say, a deficiency arose, if the ex penditure exceeded the income by 60,0001., the whole guarantee would go towards up-keep, and not into the pockets of the shareholders ; and so on proportionately throughout; so that until the railway is worked to pay, the guarantee would not benefit the shareholders. The Chamber of Commerce a year ago agreed to a 5 per cent. guarantee and to a permanent profit, if secured by work ing operations 'of 10 per cent. They adiere to these views now. So that although the company voluntarily sacrifices a prospective benefit of 2 per oent. for ever, as it does by limiting its profits to 8 per cent., the chamber holds out still for only 5 per cent. being guaranteed, and jeopardises the chance of our getting railway communi cation between the seaboard and the producing districts for what is a matter of only 8,000/. at the utmost, or 13s. 4rl. per cent. increase asked. We say 13s. 4d per cent. increase only : for 800,0001. at 6—and 400,0001. at 5 ; make the whole capital of 1,200,000/. have an interest of only 51—or 5/. 13s. 4d. per cent. We believe, however, that the bill will pass, and under existing cir cumstances we would recommend the council to press for the bill—the wholObill—and nothing but the bill. Par allel with the railway ordinance is the taxing ordinance to provide for the guarantee ; and on this subject we , need only refer to the power the council has of amend ing the proposal to raise this fund from exports alone. Why should not imports also be taxed t At present our import 3 generally bear a tax of 5 per cent, ad valorem —why not raise this to 6 percent. ? In the Cape Colony and at the Mauritius imports are taxed at the rate of 6 per cent., and we think that it such a case as the pre ' sent this increase of an existing tax would be a good ad junct when we are imposing a new tax,.which will fall primarily only on a few persons ; while in the event of taxing imports one per cent, additional, a tax which will he unfelt by individuals, anadditional revenue of 22,0001. will thus be raised. For the customs revenues are about 110,0001., which at 1 per cent. additional would yield 22,0001. Thus the duty proposed to be levied on ex ports might be reduced from 2. to 1 per cent. Nor can we believe that the Government would object to this scheme, and we little doubt that if an amendment to this effect were proposed it would be supported by the officials; at any rate we would recommend this conside ration to the unofficial members of the Legislative Councils THE EUPHRATES VALLEY RAILWAY. We are requested to publish the subjoined cor respondence between the Foreign Office and the chairman of the Euphrates Valley Railway Com pany : Foreign Office, August 19, 1856. Sir,—l am directed by the Earl of Clarendon to state to yo❑ that, with a view to enable his lordship to fur nish Viscount Stratford de Redcliffs with instructions as to the support to be afforded to Major-General Chesney and the company which he represents, Lord Clarendon would be glad to receive from you precise statements and particulars as to the proposed Euphrates Railway, and as to the assistance which can be afforded by her Ma jesty's Ambassador.--I am, sir, your most obedient servant, (Signed) To W. P. Andrews, E-q. (ANSWER ) SHELBURNE. August 26, 1856. My Lord,-1: have the honour to acknowledge the re:eipt of your letter of the 19th inst., requesting nee to communicate tor the information of the Earl of Clarendon precise statements and particulars regarding the Euphrates Valley Railway Company, to enable his lordship to give instructions to Viscount Stratford de Redcliffe to support I Vlajor.General Chesney on his mission to Constantinople, as the representative of the Euphrates Valley Railway Company. 2. In reply, I beg to state the objects contemplated by this company are shortly as follows :- 3. This company is established to connect the Medi- terranean and the Persian Gulf by a railway from the ancient port of Seleucia by Antioch and Aleppo, to Jaber Castle on the Euphrates, of 80 miles in length, and afterwards from thence by other towns to Bagdad, and on the head of the Persian Gulf. Thence by steamers communication will be established with all parts of 4. The effect of the proposed contract to be entered into between the sublime Porte and this company will be, that the Ottoman Government guarantee a minimum dividend on the capital required at 6 per seat. per an num for 99 years, with power to raise capital for steamers, at a rate to be hereafter mentioned. 5. The Ottoman Government grant a lease of the land necessary for the railway and works for 99 years, free of charge. 6; •On the opening of the line, all nett profits exceed. ing the rate of .'clividend guaranteed, are to go to the Ottoman government, in liquidation of the dividends they have advanced. When this advance is repaid the entire surplus goes to the shareholders. 7. At the expiration of 99 years the land with the railway and works pertaining thereto will become the property of the Ottoman Government, who will at the same time purchase the rolling stock at a valuation to be settled by arbitration. 8. The Ottoman Government guarantee the company against all competition from works of a similar character, and grant the right of land, woods, forests, and quarries, the property of the state, at a catain distance at each side of the line. 9. The preliminaries for a concession on the above basis were mutually agreed to by his Highness Aali Pacha Grand Vizier, when in this country, and M. Musurus, with General Chesney and myself, his High ness referring me, as the chairman of the company, to M. Musurus for the settlement of details, and request!ng me, ou his departure frem England, to send an a;.-,,ent to represent this company at Constantinople, having full power to give effect to the preliminary agreement, so that the firman might be issued giving the formal and official sanction of the Sublime Porte to the concession and guarantee. 10. The directors of this company have selected General Chesney, their consulting engineer, for this mis sion, feeling that, from his intimate acquaintance with Turkey and its people, and from his high and honourable character, he is peculiarly qualified to conclude arrange ments begun and carried thus far, under the most pro miff ng auspices. 11. The major-general will be accompanied and aided on his mission to Constantinople, and the subseeptent survey in Syria, by the celebrated engineer Sir Joha Macneill, and takes his departure on the Ist proximo. 12. O n the 17th of March last, by desire of the chair man of the Hon. East India Company, I forwarded to Lord Clarendon, through the Honou ra bl e C o urt and the Board o f Control, a letter addressd to Lord Stratford de Redcliffe with enclosures co n t a i n i ng f u ll par ti cu ' ars con netted with the Euphrates route to India, and begging his lordship to exert on behalf of the effort that rite INSURANCE COMPANIES. Dividend Amount Name of Company. per of Paid. Price. Annum. Share. X N. d. X s. d. Albion ....•• .... •• .. 31. 10s. 500 0 0 50 0 0 86 &Matta Brit. and For. 71. 145.6d.bs 100 0 0 11 0 0 18 Ditto Marine ... .... 61. p.c. & bs. 100 0 0 25 0 0 42 Anchor .............. 6 per cent. 5 0 1 0 0 - Atlas .. Arp,•us Life .. . 4l.per cent. 100 0 0 25 0 0 23 British Commercial - 71. 10s. 50 0 0 5 0 0 6% ClericLafed.& Gen• Life spr ct. & bs. 100 0 0 10 0 0 - County .... • - ........ 4/. 100 0 0 10 0 0 - Crown .............. 17s. Od 50 0 0 5 0 0 - Eagle ......• ss. 50 0 0 5 0 0 714 Equity and Law...... 4 1 4 per cent. 100 0 0 5 0 0 5% European Life ...... ... 1/. 20 0 0 all 1831 General.....-_, „, .. 6/. 5 0 0 IP 5% Globe ... • • .... 51. per cent. Stock. ~ 1041 8 Guardian ............ 5/. per cent. 100 0 0 47 5 0 56 imperial Fire ..... .... 12/. per cent 500 0 0 50 0 0 - Imperial Life ..... .... 125. 100 0 0 10 0 0 1934 Indemnity Marine.... 11.35. & 3/. 100 0 0 20 0 0 90 Law Fire ............ 25. & 25. bs. 100 0 0 210 0 334 Law Lite............. - 100 0 . 10 0 0 61 Legal and General Life - 50 0 0 2 0 0 516 London London Ship-. - Marine.......... •• • Med.lnvlid& Gen. Life 4141. per ct. 59 0 0 2 0 0 3',4 Minerva ........ •• -51 p. ct. 20 0 0 2 0 0 - Monarch -- • • ..... - 5 0 0 1 0 0 11. National Loan Fund 5l. per cent. 20 0 0 210 0 - Palladium Life ... Pelican .. - •• •• •• .. •• - - - 50 Phenix •••• - , - - 180 Professional Life...... 5/. per cent. 5 0 010 0 - Provident Life-. .... 11. ss. & be. 100 0 0 10 0 0 3414 Rock Life ............ 7s. 5 8 0 010 0 814 Royal Exchange Sun Fire ...... 61. 10s. - Pt 218 Ditto Life ... 1/. 14s. - - United Kingdom .... 4/. p. ct. & bs. 20 0 0 4 0 0 4% Universal Life ........ 51. per cent. 100 0 0 10 0 0 40 Victoria Life ........ 51. per cent. - 412 6 5% LIST OF SCOTTISH COMPANIES' PRICES. 1 Dividend Amount 1 Name of Company. per of Paid. Price. Annum. Share. ____. __... ............--. - 4 s. d. X s. d. Bank of Scotland .. • • 71. per cent. 100 C 0 100 0 0 20010 s British Linen Company 81. per cent. 100 0 0 100 0 0 23010 e Caledonian Bank .. ••• 81. per cent. 10 0 0 210 04/ 2s6d City of Glasgow Bank 5/. per cent. 10 0 0 10 0 0 121 lOs Clydesdale Bank -•• 5341. p cent. 20 0 0 10 0 0 13/ I 1 5 Commercial Bank .. 71. per cent. 500 0 0 100 0 0 215/0s Eastern Bank.. •• •• - 61. per cent. 25 0 0 10 0 0 121 5s Edinb. & Glasgow.... 331. p cent. 5 0 0 5 0 041 19s Exchange Bnk of Scot.. - -•-- - National Bank ...... 6 34 per cent. 100 0 0 10 0 0 19010 s North of Scotland Bank 5/.per cent 20 0 0 , 210 0 5/ 3s Royal Bank of 8 cotl. .. 51. per cent. 100 0 0 100 0 0 144111 Union Bank of Scot. .. 81. per cent. 100 0 0 '5O 0 0 102110 Western Bank •...., .. 71. per cent. 50 0 0 50 0 0 431 Os Alliance Fire and Life.. 8341. pr cent. 100 0 0 11 0 0 16115 s British Guarantee ... 41. per cent. 10 0 0 2 0 0 11 13s Caledonian Fire Incur. 10e.per cent. 100 0 0 10 0 0 251 Os City of Glasgow Life , 61. per cent. 0 0 2 0 0 4/ as Co onlal Life ....... •• 5/. per cent. 50 0 0 1 0 05/ 55 Edinburgh Life Incur. 61. per cent. 100 0 0 15 0 0 ' 291 35 Eng. & Scot, Law Life 510er cent. 50 0 0 3 5 041 85 Life Assoc. of 3col,•and 6/. per cent. 10 0 0 110 061 105 National Fire and Life 61. per cent. 10 0 0 I 0 021 Os North British Insur... 71. per cent. 200 0 0 20 0 0 36110 s Scottish Union 'mime. 7341. pr cent. 20 0 0 1 00 11 155 Standard Life C 7 - ..... • ".. per cent. 50 0 0 7 0 0 201 Os United Den Assurance 5/. per cent. 10 0 0 1 0 0 -. MISCELLANEOUS. Dividend , Amount • Name of Company. per of Paid. Price. Annum. Share. - ---. ---. -.._-_ ••••••••••••• £ s. d. Assam'Tea .......... 5/. 50 0 0 20 0 0 .... 1 Auction Mart" •• - - 214 per cent. 50 00 i - - Australian Agriculturl 1/. 15. 100 0 0 17 10 0 - , Australian Trust ;.• .. 11/. pet cent - 25 0 0 _ Australian Royal Mail 51. 10 0 0 all - Anglo 0 0 all 10-Mexican Mint.. 11. 105 . _ British American Land 153. - 40 0 0 - Canada ... • • ........ 6/.percent. 100 0 0 32 10 0 125 i - - D Do it „ to s , p 6 er pe ce r n e t e ß nt o . nd .. s p - - - City Navigation Bonds - - - - 651/ . . per er 113 34 l cent. cent. EleDittoctric' Telegraph .. 7 6 i p pe r r . c c e e n n t t . . 10 25 0 0 0 : 0 11 00 2 0 4 0 00 0 00 0 7 - 6, -, - - - - Equitable Reverslonry Ditto New .. •••• • • - 50 0 0 ; 17 10 0 3 Gen. Revers. & Invest. s p .c. & be, 100 0 Gen .Steam Navigation 10 it,ct. 15 0 0 14 0 0 - Hudson's Bay.. ••• • •• Stock. ! - flungerford .• •••• •• •• 2/ .; .53 100 0 0 ; 100 0 0 - London Institution ... London R e versionary 5/per cent. 15 00 1 - all - - I Russell Institution- •, - Priee'sPatent Can d. C o 10/ . percent . 20 71 0 ' 12 17 1 1 0 0 0 - p. share. 100 0 0 60 0 0 - I tl - I n teze a r l s r,a io,nuarsytlclnt. Steam, 4 4 % 1. 1. pr cent. 100 0 0 100 0 South Australian Land 61. per cent. 25 0 0 Trust and Loan Comp. all - Upper Canada ..., - 20 0 0 0 - si THE HERO OF THE 17TH LANCERS.—Trumpeter Glee son, of the gallant 17th Lancers, whose arrival in Cion mel we noticed in our last, and who wears the cross of the French Legion of Honour in addition to other deco. rations, was awarded that high distinctive badge of un doubted, bravery by order of the Emperor Napoleon, in consequence of the giant feat which he accomplished in the fatal and murderous light cavalry charge at Bala klava, the gallant trumpeter having slain with his own blade no fewer than seven Russians in that action alone 1 1 He is a stout lew-sized man, and seems proud of the not I insi gnificant part whi c h h e h as p l ayed in the Eastern cam paigu...oitnntel Oltrottick. Count; v Markets. 'BahGH HAY AND STRAW MARKET SEPT. 16. Supplies 3i ,11 kinds t hese 'last six days large. Oat straw, to o rom 128 0 d to 161 0(1 per kemple of ~ 60 los Iron; Ga. Hay from is to 14, wheat ; new, 9d to lid. 0„ 14s 0 , 1 to 16s Od ; b ar l ey d o ., 11 , 48.1. to EDIT TBURGZ t MEAL—SEPT. 16. ea ch. There were in i lie :nark et t o -d ay 6 sac k s oatmeal, e a weighing 2801 b im 'aerial, 1 which sold at 50s. M_N.LKEITH AMA L MARKET—Sarr. 15. a :id 0 pot bar ley. Sales dull. lof There w „l3 in the i nark( :t to-day 10 bags of oatmeal, - barleymeal, rrilili• Oatmeal, per St: ck of 28( albs First. Second. r 0 ,, imperial Barleymeal, per di t. L ° ( d Peasemeal, per ditto •••••• • ••• —a Od —a Od Flour, new, per d itto. ... .•• •• • —5 Od --a Od --' pd Pot-barley, new, per ditto ••• — s Od a Od " DUBLIN 1 ; SEPT. 16. We had a small supply a\ onr oorn exchange thi.9 days The . n , The best qualities of wheat, o ats , and barley wet 43 3a eed to 6d dearer. Middling and ii iferior una lt ere d. B epes moved off at about last wee) eL uo i currencies. Nothin g in Indian corn. White wheat, 34s to 36s 6 d; red ditto, 32s Od to 34s 0 ,1 ; c% ditto new, 36s ; barley, ne r, 2,NOS Od to 23s 6d ; o List °l s: 15s to lie ; ditto, new, 14 14 6d. to 16s Od ; bete, 1 10 t' 141 to 19s 6d ; rapese: d, 303 Od to 32s Od per brl ; oaten tash dios 01 to 15s 6d; bakers' flour, ", 2.3 6d to 27s Od per 016; i u corn,3os 01 to 34s Od per 48t I ,lbc. BRISTOL SU( )/ IR—SEPT. 17. There has been nothing oiTel - ing since our last, amo i sequently business has been as most at a stand-still. 1 )1.10-1 however, continue firm and appear to have an 11 1) , ; o bt. tendency. The stocks in firs t hands are unusual': f rt. Rum has been more in dean Ind, principally for ijiP: ory The stock at present in the hands of importers IA small. COAL M.K. E T.—SEPT lr. 1 ;he close of the marks V .Prioes of Coal per t on at s. d. Batcs's West Hartley 6 Bya..,s's West Hartley lB Howard's West Hartley Netherton 18 C., Tanfield Moor l5 ti North Percy Hartley l7 Longridge's Wst Hartley 18 Hetton West Hartley l7 Wallsend, &C. o. 0 Gambton .19 Kelloe .19 Cassoi) )8 Riddell Belmont . 19. L 'Enda 16 v \ Tayne v elfferthyr •l 7. 23. p e usher Edt ' , I Main ............. l5 i M 'M 8 on tague ori! „ "NlitWorth l.l ', &den ffeugh If all ........0 . 1 1 11... . Wallsend, &c. Acorn Close Gosforth Caradoc .18 .17 ( ~18 6 ► I Sold Hettoo Lyons Main Stewart's 19 61 Kep'er Grainge ... 18 61 Ilarton - 17 31 Ships at market...l2 LOCAL SEAR E MARX.Er:S, ............m.NI LIVERPOOL, SEPT. 17. e rir STOOK EXCHANGIL—The transactions in every de s ° o , 1 tion of stock wore firm t. 3 , -day, and prices Wen t at a slight advance. North Eastern, Berwick, -1-,82. —Lancashire and Yorkshire , 96a ll—Midlands , 77 1 ; poi Manchester, Sheffield, and Lincoln, 321--Ten. c)chest4C North Westerns, 103 2i— South Eastern. 21°---. and Holyhead, 16—Eastern Counties, 19.1.3. BUNCHES') MR, SEPT. 17. Off STOOK EXCITANGB.— Tb is market was doing - Do ed/o brisk business tt )-day, and p ices advanced g Pi g _ 968 - Dovers, 21' 7.l6—She Melds, 321 1- - "P"1„....0 01 " cent., 68)—Mid ow 7t Western, 61—Ea at Lancashire, 201 n. BIRMINGHAM, SEPT. 17. .r. STOOK EXCHANtIE.—The mtarket was doing •lepteq business, and prica were a shade lower. Great r sa• Birmingham Guaronteed Stock, 74—Manabeingr Sheffield, closed 32i 33I —Birmingham and DerhY* Shropshire Unions, 80. ILVABORNII MAILS. • (N signifies that the D tails are sent from the Genera P oSt46. by the night—and M by t tte morning—despatch.) OW 111 0 4 ' vto, i . I lay when made up rrom wl , a' COUNTRIEN.I In General Post- Fort Once, London.*: Dispatche•'• ''''' - --•---, : ...., Lmerica(byllrit.pack)N Every Friday .... Liverpo ol •• " America (by United Ste. Vf packet) ..........N E very Tuesday .. Southanapton America (by U. Watts packet) ..........N •• ••• ••• .. Liverpool ••• Australia (via Liver pool) ............M 4th and 19th .... Liverpool .•11 Ditto (via Marseilles) N • • • ••• • •• . • . Dover ..• •• Ditto (via Cape of Good II Hope) .......• - ..N . . .. •• Africa (West Coast) ..N 2 Rd of the month .• Plymouth . .. 6t A lexan dria ...... .. .. la 10th & 26th of n.e. Dover .. •• .• 2c A.1exandria..........M 4th SG loth of moo. Southampto. 4 1 oatly.• - - .. .. . . Dover ...... 0 Bahamas ..., „ ......m F•ttia of the month Southampton It 9th of the month.. Southampton I Belgium -........- M N Buenos A yr , ........m 9tb of the month.. Southampton 1 Cape of Good Hope „N Llncertain Cape of Good Hope - N Case de Verde ......N 9th of +h. month Southampton 16 Ceylon (see India) 1 oth and 26th lb Cey10n............... 4 th and 20th Channel Isles .......N I to o ., tVeu.,Sariet Southampton tt Chili ..„............ 31 `. A Su 17th of month Southamptot• 11 China •• •• . 10th and 26th.... Dover - - ' • 2 4th and 10th .... Constantinople ......N Constantinople Cont. of Europe M & N ! rwice daily ...... Dover ...... Ti Egypt (see India) France ........ M & N Twice da11y...... Dover ..... • • 14 Gibraltar ..........M 4 . '7. 17, 20, 27 sf tn. Southampton 6, Greece (see India) Greytown .. ........4 2 2nd & 17th of mon.,Sonthampton i s flamburgh ..........NiDaily London ...:. t '' 1 Havannatt ..........10 ad of the month Southampto 10 • Holland - ••• .• ...... MIL ‘aily ... ...... Dover ..„. •• ' q Honduras ..........M Vitt: of the month Southampton I ,' India (viaSouthampt.)Ml4l h 3:: 20th of mon Plymouth • • ' India (via Marsei 1 les)M , 10:th& 26th of moth Dover .....• '" loniaa Isles (see India)'!.... •• • • , Dover.. -•• Ireland .• •• .• ..M & NIT Price daily 'Holyhead .•• Li5han..............M '2d of n 0.. Southampton Madeira ............N 9tit of month Southampton 6 a Madeira ............N 21d oc month Malta (see India) s l &Latta ...........• ...N 4, 10, 20, and 26 Dover •;•••••• '''' Mauritius .......• - 3 1 4 2 n O ri th o o f f t t h h o e Mauritius (see India) month.,month southampv ; 4 1 ,, ti1 t Mealoo Nap1e5...............NiDa11y•• • • •• •• •• • • I Dover ..•• •• , S; New Granada ......At I2d t 17 th of month Southampton .. Hew Zea1and........... 'Twice a month .. Various port: Papal States •• .• •• .. N Dail 3 -............ Dover ...... 4° Peninsula .. „ ~....m Sout h a mpton • Peru .. • ••• ......M 2cl A: 27th of mon. Southampton Is Port Natal ........ , • N tty private ship... Various port? BiellY •• •• .• .. .. •• ..11 Every Saturday.. 'Dover .• •••• •• ape, Tuscany •••••••• •• •• •.N Daily • • ..... „ • . • • Dover •• • • •• l . Valleznelv •• .• •• ...M 2d ec 47th ottnonth Southampton - Van Diemen's Land (sot Australia) ...... ~., 4th of mon... .. rot Welt I ndio , •• • • • • ••11 21.1 z AIL t:t tuoit!,,SoutharelPte l)ll 41 !Too° th of mon. .. `l.l=lr 17Itt L• 1 Montt) SontbsillPton I 6 And 16 14. IL ji ' l 140 "Ii 10 1°416 4W o3° ' . 8 , -6 0 1 Ist I it I of 160 .-iiii rod° .11 When any'of the dat es f a ll on a Sunday, the mails b spatched on the following day, with the exception of the f hid Southampton), and the Malta, both ef which will bo &MPS" preceding day. THE SUNDAY BEER BILL.—The committee app-8 o 5 for raising a public subscription to p r esent the u it• F. H. F. Berk e l e y, M.P. for Bristol, with 3 ° br o. able testimonial fo r hi s in d e f a ti ga bl e exer tions l e ° late gating class legislatio n an d caus i ng th e r epeal of tb e tio s obnoxious B eer Bill, an d exten di ng t h e s hutting -12 P Jo of publichouses and beerhouses to 11 o'clock on Slots) nights, have at length b roug ht th e i r l a bours to a c o o and determined upon p resen ti ng th e hon. gen tle fe• with an elaborately w or k e d cas k e t con t a i n ing 1,000 so reigns. The subscriptions, after defraying e very the pense in collecting, &c., will amount to more than sr , required sum. The casket has been carved of Craymer, of Bristol, and is a most beautiful pte e ot workmanship, studded with highly polished stones b 9 by of the Clifto n roc k s . Th e stones h ave b een polishei . o p an eminent lapidiary in Birmingham. The chairinaDe4 the occasion will, it is expected, be Mr. George I°rj of Bristol, who presided at the first meeting of the ce mittee, and the presentatio n w ill t a k e p l a ce nest f t e r e ir in the lecture room o f th e Ath enaeum , C orn -street, jo tol. The hon. gentleman is expeeted to arrive„ Bristol on Wednesday next, and will, in all probab il l; sojourn at the Angel Tavern, in High-street, whicii.ng undergoing decoration for the occasion. Much is 0 111 , e to Mr Allen, the treasurer, and Mr. Gyles, the setl' e tary, for their united perseverance in conducting ",t subscriptions, many of which, collected in pence • various licensed houses in the metropolis and the P r " vinces from customers, amounted to as little as 3s. BIRTHS. OP d BON ners • On the 15th inst., at Fernham Hall, the Lady ma n- gr On the 17th inst., at Mortlake, Sarrey, the wife of W.. T. Dyson. OF, A DAITGHTEIL 01 WyeOn the 16th inst.,-at Hendon, Middl esex , the Captain Edward Stanle, R.N. On the 16th inst y .. at 69, Denbigh-street, Pimlico' the wife of Mr. John Henry Watts. MARRIED. On the 16th inst., at St. Mary's, Bryanstene - Ei" t be tho Hon. mid Very Rev. the Dean of WindsOr , O r d Hon. Magdalen M on t agu , th e thi r d d aug hter of Rokeby. CO' 10 On the 17th inst., at St. G eorge ' s, H anover -10re , to 't Willes Johnson, Royal Navy, Hennington Hall, yob, Margaret Anne, th e e ld es t d aug h ter o f D a vid -L ed . Esq., M.P., of Llanerchydol, and E'ynant, Itiontg° lll shire. DIED. of On the 16th inst., A n n, w if e o f M r . Owen AnNvY'' Lower Belgrave-street, Eaton-square, aged 55. , u gh' On the 15th in s t., a t R amsga t e , J ane Charlotte, oa ter of Mr. George Whitfield, of Old Bond-street. . 0 01 , yn At Glan-gruey House, Crickhowell, Wm.- Bu t Esq., aged 56. ora b• On the 14th inst., Mr. Joseph Temple, of 7. af c ' tc street, Belgrave-square, aged 43. . r , 103 of On the 14th inst., at Clapham, John Mead, .r..scl. , 10, South-street, Grosvenor-square, aged 70. e 11131. On the 13th inst., at Craven-street, Strand, th...,,_r0, Thomas Hutchinson, vicar of Sawbridgeworth , icl' aged On the 13th inst., Mr. Edward Stockham , of i 7, Gra° Winchester-street, city, aged 53. Th°°' On tho 13th inst., at Ry a ll-hill , W orces t e rshire, Anderson, Esq., late of Calcutta. —., LONDON : Printed and Published by MITRDO Yolol4°' of No. 112, Strand, P r i n t er , a t Th e Sun Of fi ce , 14. 1 ; 112, Strand, in the P rec i nc t o f th e Savoy, in the °°llll of Atiddleaes , Thundn's Fieptembeg Xa, 16/14 .~ engage of a V street, Rooms Laurer Boulco fashion recess. don Or D' only) f and pri health 2, and highly by Dr. EVEN the Re SUMNI to an o Week. Chorus Mr. Mo CA RIAN every Enterti perman Popular Caulfiel Mr. J. Melling re% At J. Har J. Caali mall to iiieet. Rt.Hn. Henry Lif; N.B. 33 per c AL clients, Bottled Si, E Gr D4SVEI Comma Exeursi at 7.0 a from D( 58. cove An op Ing the Govern= G' ing on t Bath at ren nod, Gi IkTrdesli Bllston, will 1e& lowing e as per h Oxford Ilanbar3 "Leamini liordesl( Ilandew and B Wolverl Childr allowed. w bury, BJ Llangoll Trains v at S am Liverpot hand-bi I Birming West Br WoWert Welling 1 Shreirst Wrexha ter .. Birkenh Claddr and onl3 Lc' A CH London. LEIC] NOT I DERE and arta lePtvi places '0 at Notti Leas 111 3 ; - 9$ Tido Vassen these 'I Weight Chain I 1 A A' Lond( Ti Depot Solicit, This of Wet state, Xingd As a Olden coasts and it to the pendei - For the ofl 26, Bi drewl S' renov WAT rende turhi ADE Evt and a and b parte Th guar( Sol Lond and chan and 1 Enst