The Sun. — London, England, 1853-07-20 00:00:00

_LS. Bushles this day. 1501 & b 0 xtl ;_,_.,. s.f ' gif er idstova' .-. . CV' gund er c i ad, -o LATEST FOREIGN NEWS. FRANCE. There are some articles in the original columns of the Paris journals, but with one exception they are destitute of interest. The article which forms the exception is a defence of the pacific policy of the Emperor of the French in the Pays. In this Journal, the question of the Fast is discussed in a way to bring a conviction to the minds of all im partial and reflecting men, that the policy pursued by the French Government has been imposed by considerations which must command respect from the friends of peace, although there may be a dif ference of opinion as to whether the course pursued in the first instance was that most calculated to nrevent the complications that have arisen. On other subjects there is nothing in the original columns of the Paris journals worth noticing. The thermal baths having been interdicted to M. Francois Arago, the illustrious savant decided on returning to Perpignan from whence he intended to proceed shortly to Paris. The state of his health since his arrival at Perpignan has, however, been such that it is impossible for him to continue his journey. M. Alfred Arago, Inspector of the Beaux- Arts, has left Paris to join his father at Perpignan. Dr. Yvan, ex-representative of the people, who had been expelled from the French territory in 1852, has just returned to France by authorisation of the Emperor. The Emperor has received a letter, in which his Excellency Don Juan Raphael Mora notifies to his Majesty his elevation to the Presidency of the Republic of Costa Rica ; and also a reply from the Republic of Venezuela to the letter announcing the Imperial marriage. The market for Government securities has been dull to-day, only a small amount of business having been transacted, at generally reduced quotations ; the market was, however, more firm at the termi nation, when the quotations indicated a fall of 10c in the Three per Cents., both for money and the end of the month, and of 20c. in the Four-and-a-Half per Cents. for the account, whilst the Four-and-a-Half per Cents. for cash remained unchanged. An advance of 35f. took place in Bank of France shares. The conclud ing quotations were : For cash Three per Cents., 78f. 20c. ; ffour-and-a-Half per Cents., 102 f. 60c. For the account—Three per Cents., 78f. 45c. ; Four-and-a-Half per Cents., 102 f. 50c. ; Bank Stock, 2 2 705 f. Mortgage Bank Shares closed at 710 f., being an improvement of 45f. A rise of 2f. occurred in those of the Societe Mobiliere, which were finally quoted at 794 f. 50c. The Rail way-Share Market was generally inactive through out the day, and little variation from Tuesday's prices took place. Paris and Orleans shares, how ever, advanced 10f. ; and Paris and Lyons declined 4f., and Northerns 2f. Closing prices :—Northern 875 f. 50c. ; Paris and Orleans, 1,135 f. ; Paris and Strasbourg, 927 f. 50c. ; Paris and Lyons, 926 f. TURKEY AND RUSSIA. A private dispatch from Constantinople, dated the sth, states positively that the representatives of France, England, Austria, and Russia have agreed on the basis of the arrangement for inter vention between Turkey and Russia, but that it had not up to that date been subMitted to the Sultan for approval in consequence of the Ramazan. The Ramazal closed on the 7th. The evening Lloyd contains highly important telegraphic information, of the 7th, from Constan tinople. The news of the occupation of the Prin cipalities, which reached the Turkish capital on the 7th, created a tremendous sensation, and more par ticularly among the fanatical troops which had just arrived from Asia Minor. Alarm was felt lest the peace of the city should be disturb 3d. On the same day Redschid Pasha was obliged to resign, but on that following he was again in office. All the European Ministers hurried to offer their mediation and "bons offices" to the distressed Porte. Various proposals were made, but that proceeding from M. de la Cour proving mast agreeable to the Divan, it was accepted, and a messenger extraordinary des patched with it to St. Petersburg. London was to-day offered at 10,44f1. The Five-per-Cent. Me tallies were a quarter per cent, higher, and the Northern Railroad shares rose from 225 k to 2292 and 230. We (Debats) have received, by way of Marseilles, letters from Constantinople to the sth. They con tain nothing very important. Omer Pacha was still at Schumla with several brigades of the army of Rournelia ; but he was about to leave that place to go to Silistria in order to occupy the line of the Danube. The imperial guard and the corps at Constantinople were to replace the troops of Omer Pacha, and Mehemet Buehdi-Pacha was to command them. Rezim Pacha had left Aleppo with his divi sion to proceed to Erzeroum. Hussein Pacha was marching towards Trebizonde with the troops as embled at Diarbekir. The cheicks of Aleppo had offered to equip at their own cost 10,000 horsemen, and to give 1,000 purses of gold (1,000,000 f.) to pay for their maintenance. The enthusiasm wasgeneral, and the rediffs were assembling iu all parts. Under existing Cir cu mstances the deplorable state of the nuances of Tu r key was strongly felt, but the Govern ment took no efficacious measure to remedy it. The new bank so long announced did not appear likely soon to begin operations ; it was even doubted that it would ever succeed in commencing. The Go vernment had demanded of the bankers who founded it a new advance of 5,000 purses ( 5 ,000,000 f.) There was a talk of a change of bairam which would end in four or five days. It was thought that Riza Pacha would enter into the new combination.—We have also received news from Alexandria to the 7th. The Turco-Russian question, notwithstanding the more reassuring news which reached that city on the sth by the Austrian steamer of the Constantinople line, con tinued to cause great anxiety to the Egyptian Go vernment, and the European public opinion of Constantinople was not less moved than it had previously been. The cordial understanding of France and England certainly inspired great confidence, and it was generally thought that the voice of prudence and modera tion would prevail in the Councils of Russia; but wrongly no doubt the unforeseen was feared. However uncalled for this distrust may be, it suf fices to explain the stagnation of commercial affairs, a stagnation which will only cede before a fait ac compli. In the meantime the warlike preparations of Egypt were being actively continued ; the troops were nearly ready. The very early departure of six regiments of infantry, under the command of Selim Pacha, a general who possesses some military merit, and who served under the orders of Ibrahim Pacha in the campaigns of Syria and Asia Minor, was announced, but it was not known whether they would be sent to Constantinople or to Syria and Candia, to replace the Turkish troops, who have, by order of the Divan, evacuated the pro vinces to proceed to the capital. The new re cruits were taught with difficulty, notwith standing the forced exercises which they were obliged to make • in fact, it was believed that they w ere so unfit for the service that the Viceroy determined on summoning the old sol diers still fit for service. All rejoined their flag with joy, p ar tly on accoun t o f th e o bj ec t of the expedition, and a good deal because they exchanged a precarious existence for a certain degree of com fort which they will enjoy from the obligation of the Government to supply their daily wants. As to the fleet, it is preparm• g for sea, notwithstanding the great deficiency in the crews, which could not be completed even by havin g recourse to extraordinary levies, in which even the sanitary guardians have been included. The sanitary intendance has been obliged to furnish twelve medical men for as many regiments which form the contingent demanded by the Porte. All this movement, which has occasion ed very heavy expenses, has completely absorbed the attention of the Viceroy. Our correspondents have little else to communicate to us, but they could not, however, pass over in silence the complete dis grace into which Nubar Bey, one of the most im portant personages of the Government, has fallen, a disgrace the cause of which cannot be explained, and which has also led to that of Arakiel Bey, brother of Nubar Bey. Both, it is said, had ten dered their resignation, but it was not known whether it had been accepted. It is Nubar Bey who so materially assisted the conclusion of the affair of the railway, and who negotiated in Lon don a loan of five millions with the Peninsular and Oriental Company. The works of the railway are no longer pushed on with the same vigour, for a great number of the workmen have been enrolled for the military service, a circumstance which has led to some remonstrances to the Viceroy on the Part of the English engineers. On the other hand, the Mahmoudie Canal is almost dry this year, and the transit of passengers and merchandise for India has been much impeded. The agent of the Peninsular Company had already addressed two protests to the Government on the delay re sulting from this state of things • a part of the merchandise had been left en route during the three last journeys. The last letters from Cairo, how ever, point o u t a s li g ht r i se o f the Nile, and was hoped th a t i t wou ld b e more pronounce d i n a f ew days. The service of the steamers between Cairo and Alexandria, which has been interrupted for more than a mon th , canno t b e resume d un til th e river shall h ave reac h e d th e l eve l o f t h e l oc k s o f .A.tfe, or a t l east that of t h e canal of Daman h our, situated higher up than the former. The news from S ri a n 3 comes down t o 30th June. Tranquillity had ot bee n mater i ally disturbed in that province, but the effervescence which had been before mentioned among the Mussulman population had not calmed dow n ; it had even gained the towns on the coast, where, however, the number of Christians is rela tively considerable Some quarrels bad taken place -s-: at Beyrouth, on the part of some fanatics, who, thanks to the energy of the governor, had been punished in an exemplary manner. The Constitutionnel says :—" We have already stated that several solutions of the difference with Turkey had been proposed to Russia. Without entcring into a u: eless detail to show in what these propositions differ one from the other, we may state that they are summed up in these two points: guarantee by the Porte to Russia for the privileges of the Greeks ; guarantee by Russia to Turkey and to Europe for the integrity of the Ottoman Em pire. At present it is from St. Petersburgh that the reply is to come, since these propositions have been made in accord with the Porte." The Cologne Gazette, under date of Vienna, 15th, says :—" A circular dispatch has been received here, addressed by the Ottoman Porte to its am bassadors, on the occupation of the Danubian prin cipalities by the Russian troops. It results from it that the Ottoman Porte will not yield to the pre tensions of Russia. Yesterday a battalion of in fantry and a train of pontoons left for Peterwardein; another battalion will leave this afternoon, and the remainder will follow in a few days. The Chamber of Commerce has been requested by the Minister of War to point out to him persons who would un dertake the supply of lint for the army. The Duke of Genoa, who is now in Saxony, is expected here in a few days with the Archduchess Sophia." The Weser Gazette of Berlin, of the 15th, says : —" We learn from a source worthy of credit that the Turco-Russia difference may be considered as terminated ; the Ottoman Porte being ready to sign the ultimatum of Russia, and the cabinet of St. Petersburgh having declared that no prejudice to the sovereignty of the Sultan shall arise there from." The Wanderer of Vienna states, that on the 10th the head quarters of the Russian army were at Bucharest, and the troops, about 80,000 in number, were encamped around the town. It adds, that though the heat was excessive, there was little sickness amongst the soldiers, and that the supplies of provisions were assured. A letter from Constantinople states that the Earl of Carlisle, a few days after his arrival at Constan tinople, left that city for Broussa. A supplement of the Journal de Smyrne of the 7th contains an interesting account of the circum stances which followed the arrest of the Hungarian refugee, M. Costa. In another article the same journal announces that his Highness Ali Pacha has been summoned to Constantinople, and is to be replaced by another Pacha as Governor of Smyrna. It expresses deep regret at this decision, and says the same regret is felt by all the respect able inhabitants of Smyrna, whether Mussulman or Christian. As a proof of this it publishes an address to Ali Pacha, which was in the course of signature, and had already received the names of more than one hundred of the chiefs of the best commercial houses. The address, in fact, is of a nature to console the ex- Governor for the course imposed upon the Sultan by the Austrian Internuncio—more honourable testimony was never offered to a retiring function ary. It recalls the circumstances under which Ali Pacha came to Smyrna as Governor, and speaks in the warmest terms of his energy in the then diffi cult attempt to restore order, of his justice, his equity, and his moderation. After declaring that the entire city manifests the regret evinced by the parties signing the address, at the removal of their Governor, the Pacha is assured that he will always be cherished for his fine qualities and his virtues, and is requested to accept the assurance of the gratitude of the people of Smyrna for his eminent and valuable services. ITALY. The Semaphore of Marseilles of the 16th says : " The general subject of conversation here yester day was a private despatch received by electric telegraph from Genoa by one of our first commercial houses announcing that the King of Naples had just prohibited the exportation of corn from his States. This news is said to have been brought to Genoa by a packet which had arrived direct from Naples. We wait with importance for the arrival of a packet in our port to give us details on a mea sure the gravity of which cannot be misunderstood. This news has produced considerable sensation in the corn trade, and led to numerous operations in the article." A letter from Ferrara, in the Corriere Mercan tile of Genoa, states that on the 2d the police en tered the palace of Count Pindemonte Bonacossa, at Ferrara, and in the absence of the owner (the family being at La Boschetta, a villa of theirs on on the Venetian territory), effected a diligent search, breaking open every drawer in the house, but without any result. On the following day a new search was effected at La Boschetta, with no better success. Nevertheless Count Bonacossa was arrested and taken to Ferrara, where his own palace was assigned to him as a prison up.til further orders. The Giornale di Roma gives an account of a strange mistake committed by the French troops there on the Bth inst., when Monsignor George Talbot de Malahide, one of the chamberlains of the Pope, and another distinguished ecclesiastic, were arrested under the following circumstances :—lt appears that the French commandant has issued strict orders to arrest any suspicious persons skulk ing about in the vicinity of the French barracks, or asking strange questions about the interior of them. Now it so happened on the above-men tioned day that the reverend prelate and his com panion were in search of a house which might be well adapted for the purpose of an hospital or almshouse, with the intention of renting it in the name of an institution of the kind. Happen ing in their peregrinations to pass close by the Collegio Piceno, now used as barracks for the French troops, Monsignor Talbot asked some soldiers how many men they had there, and whether they occupied the whole of it. This ques tion excited suspicion, and being reported to the superior officer, he ordered the two venerable eccle siastics to be arrested, which was done in spite of their remonstrances and explanations, and they were marched off to the central military command on the Piazza San Marcello, followed by an im mense crowd. Having arrived there, they were immediately identified and set at liberty. General Montreal and the ambassador of the French both waited upon his Holiness, to testify their regret at this mistake, and their explanations and excuses were most graciously received. AUSTRIA. The Cologne Gazette publishes a letter from Vienna of the 15th, which says :—" A domiciliary visit was yesterday made by the police at the resi dence of the correspondent of the Times. Several persons have been arrested, among whom are some Italians, the sons of high functionaries. It is said that the persons arrested are charged with being engaged in a conspiracy against the State." In the revolutionary war in Hungary in 1849, many Austrian soldiers were murdered in their quarters by fanatical Magyars. Eight days ago, a number of Magyars, accused of having murdered soldiers of the Regiment of Pawna, who were in garrison at Erlan, were taken into Pesth under a strong escort. They occupied no fewer than 17 carts. They were arrested upon the information of an accomplice given on his death-bed. The report of the Federal Council of Switzer land on the dispute with Austria, was presented to the Federal Assembly in its sitting on the 13th at Berne. In this report the council states that it regarded the departure of the Austrian charge d'affaires as a formal rupture, but that "it had not permitted itself to be led to reply by injustice to injustice, and by reprisals to cause still greater perturbation to the commerce of Switzerland, or to weaken the resources of the country by a hasty calling out of troops." The report adds : " The council has the more reason to feel that its conduct will be approved of, from the fact of its not having made or proposed to make any concession, which would affect the principle of free and independent government in the interior. The council does not think it necessary to propose any new measures ; it will obey the views which may be taken by the assembly." SPAIN. The Madrid Gazette, of the 14th, contains a Royal decree, which reduces the salary of directors in the Ministry of the Interior to 40,000 reals ; and fixes those of the employes of the first class at 32,000, of the second class at 30,000, the third at 26,000, and the fourth at 22,000. The decree, be sides, suppresses the sub-directors, but declares that the director of the Post-office shall continue to receive 50,000 reals. The journals contain no other news. It was said that if a serious Ministe rial crisis were to break out, the Queen would call on the Count de San Luis to form a Cabinet. FLICHT OF A BETTING-OFyICE KEEPER.—On Satur day last the keeper of a betting-office in Old Millgate, Manchester, absconded, taking with him from 1,0001. to 1,5001., which had been received in bets on the Liver pool races. The office was opened about three weeks ago, under the name of Elliott and Co., and an active c mvass for customers had been carried on ever since, until the Liverpool races commenced. One of those who were entitled by the result of the races to receive money ft 0.0 " Elliott and Co. 2 ' called there at the time the keeper was packing up, and it was only by using threats and seizing him by the collar that he forced 21. out of him, which was much less than he ought to have received. It has since been ascertained that the real name of the keeper is Clarkson, and that he is well known in London and Huddersfield, where he has also been a defaulter. LOW RATES FOE THE RELIEF OF THE POOR.—Tbe parochial authorities of St. Bartholomew by the Exchange have given notice to the parishioners that a rate of one penny in the pound has been made for the relief of the poor of that parish. THE SUN, LONDON, WEDNESDAY EVENING, JULY 20, 1853. AMERICA. ARRIVAL OF THE BALTIC. LIVERPOOL, JULY 19. By the arrival of the steamer Baltic, Comstock commander, we have advices from New York to the 9th instant. The steam-ship Hermann, from Southampton, arrived on the 7th, and the steam-ship America, from Liverpool, at Boston on the same day. The news by this arrival is almost entirely devoid of interest. _ _ _ Mr. Crampton, the British Minister, had left Washington for Halifax for the purpose of having a personal interview with Admiral Seymour rela tive to the fishery question. A good business has been transacted in dividend —paying securities in the New York stock-market at former prices. The money-market was very easy and well supplied ; exchange on London, 109 to 1094 ; Paris, sf. 12ic. to sf. 132 c. ; Amsterdam, 41 to 414 ; Hamburg, 36.4 to 36i ; Bremen, 79i to Cotton was in good demand at an advance of one-eighth per pound. Sales for the week, 5,500 bales. The flour-market was languid in consequence of large supplies, and closed heavily at a slight de cline. There was no alteration in the price of wheat. Indian corn was in moderate demand, at a slight decline in price. Mess pork in good demand, at $l5l to $l5l per tierce. Beef quiet, at $l2 to $l3, for city mess. Butter and cheese without change, and in good demand, at slightly enhanced prices. AUSTRALIA. - The dates from Australia by the Woolloomooloo are to the 21st of April, and 18 days later from Sydney than those previously received. She brings 45,000 oz. of gold, valued at 180,0001., and has made the passage home in 88 days, her outward trip having been accomplished in 87 days. In addition to her large amount of gold, she has also 1,614 bales of wool on board, and her general news is highly satisfactory. All the New South Wales mines were yielding steadily, but the principal success appears to have been at Meroo and in the neighbour hood of the Peel, the Hanging Rock diggings having again become popular. With regard to imported articles, it appears that, owing to the scanty arrivals from Europe, there had been a further inflation of prices ; and it is stated that the disproportion between the demands of the Sydney market and its supplies, in respect to almost every description of goods, had never been so great or so trying at any previous period. The Legislative Council were to meet on the 11th of May. From Melbourne (Victoria) the dates on this occasion are to the 16th of April. No specific accounts are given of the gold production during the preceding three weeks, but it seems to have been satisfactory, and the price had declined from 775. to 755. 3d. per ounce. Here, also, every description of merchandise was in demand at extreme prices. At Mount Alexander an attempt was being made to form a company for the purchase of large blocks of land to be divided into small farms. A new gold field had been discovered at a place called Kilmore, about 60 miles from the city, and, in consequence of its having been alleged that tin ore exists in great quantities and in its most valuable form in the Ovens gold district, a company was also projected for developing this new source of wealth. Among the vessels that had lately sailed for England were the Condor, on the sth of April, with 21,882 ounces of gold, worth 87,0001., and the Nelson, on the 15th of April, with 20,623 ounces, worth 82,0001. The former of these ships has since been heard of as having taken fire off the coast of Brazil, where her cargo was saved. The latter, in addition to her gold, has 1,048 bales of wool on board. The Adelaide (South Australia) advices received at Sydney were to the 9th of April. A return of the trade of the colony during the quarter ending the 25th of March showed imports amounting to 440,3281., and exports of the value of 954,7601., of which 663,4471. was gold that had been brought overland from Mel bourne. The markets were very firm, and the last quotation of Burra Burra shares was 134 k. The Shax amaxon bad sailed for Swansea on the 4th of April with 14,108 ounces of gold, valued at 56,0001. The Launceston (Van Diemen's Land) dates are to the Bth of April. Gold had been found at Port Sorrell, and it was also alleged to have been met with in large quantities near Port Frederick, both these places being on the northern coast of the island. (Front the Sydney Morning Herald, April 20.) On the eve of the Woolloomooloo's departure from this port for England, we take the opportunity of offer ing to our readers in the mother country a few observa tions on the present aspect of affairs in New South Wales. And in the first place we must remark that no subject occupies more general attention just now in our com mercial circles than the extremely unsatisfactory state of our steam communication with England. The Aus tralian Royal Mail Steam Company's ship Adelaide is more than two months overdue, and even her successor, the Victoria, is a week behind her time. With regard to the former, disappointment at the non-arrival of her snails has in some degree given way to a deep anxiety for the safety of the ship and all on board of her. No tidings whatever having been received of her movements since the end of December, when she was to resume her voyage in a day or two, fears are entertained that she must have met with some fatal disaster. The conse quences of these delays in our postal communications have, of course, been exceedingly irksome to the whole community. With some exceptions there are no private letters in Sydney of later date than October, being those brought out by the Melbourne. In many instances our merchonts find themselves iu the strange position of having received goods without the invoices, the latter having been transmitted by the steamer's mails under the full expectation that they would come to hand long be fore the cargoes, a process just the reverse of what has happened. But the merchandise being in urgent de mand, sales are effected at conjectural prices, good care being taken, however, to leave an ample margin for pro fit, whatever the invoice prices may turn out to be. Indeed, the disproportion between the demands of our market and its supplies, in almost every description of goods, was never so great and so trying, as it is at this moment. Hard goods and soft goods, luxuries and ne cessaries, articles for eating and drinking, articles for wearing and using, are at the minimum of stock and maximum of price. Advances on cost price in England, taken not partially but generally, not as the exceptions of trade, but as its rule, were never so enormous as now. Our commercial report of yesterday quotes rates of ad vance as high as 100, 150, 200, 300, 400, and even 2,400 per cent. What will British tradesmen, accus tomed to " small profits and quick returns," think of this—especially when they are told that these gigantic profits are coupled with the favourite quickness of re turn, the transactions resulting, not from any mania of speculation, but from a sober estimate of the actual wants of the market for daily consumption ? The im porter asks high prices because he knows the retail vendor can well afford to pay them, the latter knowing, in turn, that the majority of his customers must and will have the goods cost what they may. The fact is, in gold countries the ordinary rules for calculating the relations between supply and demand do not hold goo'd. The usual basis of such calculations is the number of individuals to be provided for. The mer cantile experience of the world affords a sufficient clue to the average consumption of a given description of merchandise by a given amount of population. But, with regard to countries teeming with auriferous wealth, such experience has yet to be acquired. The United States may, indeed, have begun to acquire it from their transactions with California, but the mer chants of Great Britain have the lesson to learn. The extraordinary change which has taken place in the Australian markets within the last 12 or 15 months is not clearly understood in British counting-houses. We speak within the truth when we say that any cal culations as to the present and future capacity of the Australian markets, based on an average of years ante rior to our great discovery, would he a fault, if guided only by the relative numbers of population, and did not allow at least 100 per cent. for the increased ratio of consumption. The opulence which the gold has diffused through these communities has, we are sure, doubled the former desire to possess and the former ability to purchase whatever contributes to the enjoyment of life ; but, while our numbers have been multiplying at so rapid a rate, and our means of expenditure advancing with a still greater velocity, our supplies have not ex ceeded what they were when our numbers were small and our circumstances comparatively poor. The gold produce of New South Wales continues steady, averaging, when compared with the whole number of persons engaged in digging, about au ounce per week per man. Large nuggets, weighed by the ounce or the pound, are the prizes of the lucky few. The average success is just now at the medium point, which best consorts with the general walfare of the colony—neither so great as seriously to disturb the ordinary pursuits of industry, nor so small as to dis courage the diggers as a body. The colonists are still strongly of opinion that the auriferous developments of New South Wales are only in their infancy, and that as our population increases, though the average prcduce per man may not much exceed what it is at present, the aggregate produce of the colony will infinitely surpass anything heretofore realised. We rejoice to add, that our agricultural prospects are most encouraging. Notwithstanding the severe trials from the scarcity of labour our farmers have been more than usually assiduous in attending to their farms. It is thought that in the principal grain-growing districts there is a greater breadth of land under cultivation and a richer promise for the next harvest than in any former year. Our farmers are not the only class pinched by a want of labour. It is felt throughout all the ramifications of society. But if there be one description of labour more called for than another, it is that of mechanics especially carpenters, masons, bricklayers, plasterers, blacksmiths, cabinetmakers—in short, all persons employed in rearing and furnishing human habitations. Increasing popula tion and increasing wealth create a corresponding demand for dwelling-houses, more in number and superior in kind. These are rising up a 3 fast as the stinted labour market will allow. But in comparison with our wants they are rising slowly. It is scarcely an exaggeration to say that any number of artisans, of the kinds just mentioned, that England can send out, would find ready employment at high rates of wages. There is no royal road even to Australian gold. Like knowledge, it can be reached only by earnest and perse- vering toil. Like knowledge, too, it is certain to be found by those who seek it aright. If not found "at the mines, it may be found elsewhere. If not found in the shape of nuggets, the hard-working man will always find it in the shape of excellent wages. We repeat, therefore, let all who cannot or will not work remain where they are, since there is nothing here worth their coming for ; let all who can and will work lose no time in joining us, for there is here everything to cheer and prosper them. ,STATE OF AFFAIRS IN .NEW SOUTH WALES. (From the Times.) Our readers will peruse with very mixed satisfaction an article from the Sydney Morning .Herald, written with the characteristic ability of the Australian press, and describing the present state of affairs in New South Wales. The remarks therein are expressly intended for the benefit of readers in the mother country, and, as far as they relate to the state of the market, as they are dated April 20, they refer to the mercantile transactions on this side the ocean at the date of last autumn. Recent and brief as the gold history of New South Wales un doubtedly is, and rapid as is the pace of events where gold is the motive power, last autumn is not yet out of date in those annals. A ship of very ordinary sailing powers, nay, a regular tub, might have been chartered on the day that her Majesty opened this present session ; it might have been filled with a selected cargo, and sailed many days after the time it was advertised, and yet have delivered every article on board at Sydney before the 20th of April, the date of these remarks in the Sydney paper. Our readers will remember that the great rush of emigrants set in, not last year, but theyear before that ;1 and that last autumn Australia, its increased population, its weekly produce of a hundred thousand ounces, its increasing demands, and possible famine, were old stories in everybody's mouth. If ever there was ample warning then—if ever the British merchant had everything made plain to the meanest capacity, it was in this instance. Yet, we read in the last Sydney journal received in this country that our merchants at home had as yet done little to meet the extraordinary capacity of the Aus tralian market :—" The disproportion between the de mands of our market and its supplies in almost every description of goods was never so trying and so great as it is at this moment. Hard goods and soft goods, luxuries and necessaries, articles for eating and drinking, articles for wearing and using, are at the minimum of stock and maximum of price. Advances on cost price in England, taken not partially but generally, not as the exceptions of trade, but as its rule, were never so enormous as now."' Now, we are aware that the evil was aggravated to an extent with which the Australian public were neces sarily unacquainted by the long prevalence of westerly winds in these seas during last autumn, causing at one time the detention of no less than 2,000 sail in the ports and roads of this country. That circumstance, how ever, had a twofold effect on Australia, for, while it kept down the supply of goods, it most opportunely checked also the influx of immigrants. But we hold that where ever there are people, mouths to be fed, limbs to be clothed, bands to be furnished with tools, there it is the office of the British merchant to place his goods in suffi cient quantity, and that if the people were then at Syd ney, last April the 20th, all ready to consume, and ready to pay any price, the British merchant ought to have seen his customers afar off and beforehand. He ought to have known, too, what the Australian writers , - insist upon with great force, the difference in the consumption of people whose industry and whose wants are stimulated by an abundance of gold. The population of Australia—which last autumn we know to have been immensely increased—are not the wretched creatures we had sent out as convicts, or the scarcely less un happy beings who had been struggling through all sorts of difficulties, moral and external, and who found them selves at last packed rather close on board an emigrant vessel some time last summer. They had landed in a new country, and entered a new phase of existence, cal culated, if not to refine, at least to quicken and invigo rate. They were working hard, receiving incredible wages, eating, drinking, wearing, and generally spend ing to an extent they had never dreamt of before. Compare such customers with the British labourer, delighted to get one handsomely embroidered smock frock, one pair of well-clouted boots, perhaps two pair of worsted stockings, and other things in propor tion, in the whole twelvemonth, his wife and children being still more moderate in their wants. A hundred thousand within a day's journey of the diggings are in a very different position from the like number either settled in our pauperised rural districts, or fighting their way through the vast and severe competition of the metropolis. All this is understood in the United States, says the Australian writer, but not in English count ing-houses. In an auriferous country at least 100 per cent. must be added to the rate of consumption, and if the increase of population is 40 per cent., the total increase of consumption becomes 140 per cent.—a pro portion which has evidently beaten the flagging con ceptions of our English counting-houses. The excuse for this rather discreditable backwardness is, that on former occasions the markets had been glutted. That is ever the cry of the incompetent. If they were glutted before in Australia, as they have often been glutted there and elsewhere, and as they seem always to be glutted in the West Indies and in the South American ports, there must be reasons for it, which there are not in this instance. It is the business of a merchant to find out when the market is likely to be glutted, and when it is not, and to be always on the qui vine for opportunities such as that which he appears to have let pass by in the present instance. The bane of every commercial community is that supineness which ever leads the younger or more self-indulgent and self confident members to rest content with things as they are, to repose on the labours and rely on the knowledge of those who have gone before. They think they have nothing to do but just to undergo a little routine, and 10 per cent. will pour in as fast and as certain as 3 per cent. from the funds. Their trade is ever finding out new chan nels, which it is the business of the merchant to discover for himself at the risk of being left high and dry. But, even with this little drawback on the national character, it is satisfactory to learn that as yet there is no glut of anything in Australia ; no glut of any article of commerce ; no glut of labourers, " mechanics, espe cially carpenters, masons, bricklayers, plasterers, black smiths, cabinetmakers—in short, all persons employed in rearing and furnishing human habitations." Just now there is no redundance of these classes in this country, and if rain and war should hold off there will be rather a scarcity of hands than otherwise for the next twelve month at least. Here are the good times that all have been hoping for, and that seem to have come upon us at last unprepared. It appears, indeed, that they have their difficulties, for under no cir cumstances whatever can all mankind grow rich at once. Wealth is nothing more nor less than the command of labour, and it is not in the power of any human event, or any train of causes, to give all men more command of labour, and at the same time to make all men more independent of labour. The great change at hand, both in England and in the colonies, is that industry and skill are likely to be more sure of their deserts. But this can only be accomplished at the expense of the indolent and stupid, whether in the present enjoyment of income or not. Our Australian contemporary says that "drones had better stay at home." That is the usual language of colonists, but it is very hard to say whether drones had better go or stay, for England is no place for them, and it is likely to r b —dee e aptl w heyan o atd rs riiniesn e e,ng . l We presume there will be fewer drones when they will o n ionf o owepnd l eg o rt n otso g hno er be able to find so many excuses for e e n t h s b ai whoynilt and o n i fdn that theirl i h e the a a t l t hpd raaoylsedofssste neighbours. prdernopgfaet ushspeaedy W r sod, avowedly woe drones expect to be maintained by society in considerable com fort,ther high or low, will be remembered only as we remem ber wolves, bandits, and other public nuisances, FOREIGN COMMERCIAL AFFAIRS. The quotation of gold a Paris is about at par (ac cording to the last tariff), which, at t h e E ngl i sh Mint price of 3/. 17s. 10 1 d. per ounce for standard gold, gives an exchange of 25.17 ; and, the exchange at Paris on London at short being 25.021, it follows that gold is about 0.58 per cent. dearer in Paris than in London. By advices from Hamburg the price of gold is 4261 per mark, which, at the English Mint price of 3/. 17s. 101 d. per ounce for standard gold, gives an exchange of 13.51 ; and, the exchange at Hamburgh on London at short being 13.31, it follows that gold is 1.05 per cent. dearer in Hamburg than in London. The course of exchange at Ne w York on London for bills at 60 days' sight is 110 per cent., and, the par of exchange between England and America being 109 23-40 per cent., it follows tha t the exchange is nominally charges of transport, the p resen t ra t e 0.42 p er cen t. in favour of England ; and, aft er ma ki ng allowan ce f or leaves a trifling profit on the importation of gold from the United States. Intelligence has been received from Naples that by a decre e dated the 11th instant, the King has prohibited the exportation of wheat, oats, and barley from the kingdom of the Two Sicilies. The exportation of Indian corn, beans, and other pulse, had been previously stopped, and this further measure has now been adopted in consequence of the stocks of old grain held in the country and the uncertainty that prevails with regard to the present crops. The advices from Paris mention that, owing to recent arrivals of large quantities of gold, the Mint has extended the period of its redelivery in the shape of coin to 42 days. Under existing circumstances there is a prospect of a cessation of the remittances from this country that have recently been going forward to both France and Germany. The advices from St. Petersburgh received are to the 13th of July. The tallow-market was unaltered, freights unprecedentedly high, and the rate of exchange 38i, to The stock-market seemed to show an absence of political anxiety, the report with regard to it being that there was nothing doing from want of sellers. From Odessa the letters are to the Bth, and confidence in the maintenance of peace was then rapidly gaining ground, A very large business had been t ran s ac ted in wheat at rather higher prices, the sales during the week having been equal to 76,000 quarteh. The weather was hijhly favourable to the crops, which were certain to be abundant, except in some parts of the country where rain had been too long de-ferred. Com plaints continue of a want of shipping. ZULU KAFIRS.—Her Royal Highness the Duchess of Cambridge, accompanied by H.R.H. the Princess Mary, the Grand Duke and Duchess of Mecklenburgh Strelitz, honoured the exhibition given by the Zulu Kafirs, at the St. George's Gallery, yesterday, with their presence. There were also present, the Duchess of Inverness, the Duke of Cleveland, Hon. Miss Foley, Hon. Miss Gage, and several other members of the aristocracy. STAMFORD RACES. (TIIIS DAY.) ORDER OF RUNNING. Sweepstakes, 10 Sovs.-2.30. Assembly Stakes-3.0. Cup-4.0. Stewards' Plate-4.15. STAMFORD, 2.20 p.m.—Weathergage just arrived. NOTTINGHAM RACES-THIS DAY. ARRIVALS.—Domino, Montague, Galvanism, Content ment, Pride, Agis, Musician, Black Doctor, Placid, Hatchet, Smuggler Bill, Captain Phelan, and Lamartine. SPURTING INTELLIGENCE. SOMETHING ABOUT STAMFORD. The sport decided to-day at Stamford possessed nei ther interest nor importance. Unpropitious weather attended its celebration, and to book-makers it was fiat, stale, and unprofitable. Still, spec t a t ors mus t ere d numerously, the company comprising many aristocratic visitors, who are enjoying the hospitality of the Marquis lof Exeter at Burghley-house. Notwithstanding, too, the paucity of sport, the demand for lodgings at Stam ford far exceeded the supply, and many persons, includ ing myself, were compelled to sojourn for the night at Peterborough. Others returned to town.] The proceedings commenced at a quarter to three o'clock, and terminated at half-past four. The Marquis of Exeter desired the start to be delayed until after his arrival, but his orders were inadvertently disregarded, and, to his evident annoyance and expressed displeasure, the first race was decided before he reached the course. It was for the 20 Sovs. Sweepstakes which were con tested by Margaretta and Red Rose only ; the former was the favourite, and she justified the confidence of her backers by winning, after a very pretty race from the distance, by a neck. Lord Exeter's co lours were again triumphant for the Stamford St. Leger, Dove making all the running and defeating Pier only opponent, Cock Pheasant, by a length. It was the opinion of many persons that had Cock Pheasant kept straight at the finish Dove's victory would have been closely jeopardised. Chief Justice carried off the Burghley Stakes with consummate ease. Ile was well, though perhaps unin tentionally, served in the race by The Hero, who made the running to the turn into the straight, where he was " pumped out." The Harmony filly galloped in alone fur the Handicap Plate. It will be seen that each race was decided in exact accordance with the anticipatory remarks which were published in The Sun on Monday. In the course of the afternoon a little betting took place on the Goodwood Stakes. The unmistakable disposi tion which was evinced to lay against Muscovite did not prevent him from being included in a selection of four against the field—four bets of a " monkey" each being laid on Hobby Horse, Joe Miller, Haricot, and Muscovite. Capt. Scott was the principal backer. 6 to 1 was taken about Joe Miller, and 20 to 1 about Retail. Goorkah was friendless—a circumstance which was variously explained, some persons stating that he " caught cold " at Liverpool ; others, more suspicious, assigning a totally different reason. NOTES ON NOTTINGHAM. To institute odious comparisons between Stamford and Nottingham would be unfair. Without preface, therefore, I will briefly direct attention to the han dicaps to be decided at the latter place on Thursday. The Nottinghamshire Handicap numbers twenty-nine acceptances. Of the lot, my "fancy" points to Little Jack, Lord Lieutenant, and Audubon ; should Bardolph and Musician start, however, their chances must not be slightingly regarded. The Sherwood Handicap will, I anticipate, be won by either Agis or Sir Robert ; and for the Castle Handicap I at present see nothing more formidable than Lady Agnes and Luxurious. A FRESH MAN. Peterborough, Tuesday Night. STAMFORD RACES.-TUESDAY. SWEEPSTAKES of 20 sovs. each, with 25 added, for two year-olds ; colts, Bst 71b ; fillies, Bst 51b. T.Y.C. Lord Exeter's Margaretta, by Phlegon, Bst 51b (J. Mann) 1 Mr. Tabberer's Red Rose, Bst Sib (Rogers) 2 Betting-6 to 5 on Margaretta. After cantering nearly to the distance they went to work in earnest, the favourite winning by a neck. The STAMFORD ST. LEGER, a sweepstakes of 25 sovs. each, 10 ft, with 50 added, for three-year-olds ; colts, Bst 71b ; fillies, Bst 41b. Certain winners extra. About one mile and a quarter. Lord Exeter's Dove, by Woodpigeon, Bst 71b (includ ing 31bs extra) (J. Mann) 1 Mr. Bateson's Cock Pheasant, Bst 71b (Sly) 2 Betting-4 to lon Dove, who won by a length. From the Stand Cock Pheasant made a good effort to get up, but swerved at the finish. The BuRGHLEY STAKES of 25 sovs each, 15 ft, and 5 only if declared, &c., with 100 added ; for three-yr-olds and upwards, the owner of the second horse to receive back his stake. From the New Mile Starting Post, once round. Mr. Williams's Chief Justice, by The Hydra, 6 yrs, Bst 71b Mr. Rogers's Pancake, 4 yrs, Gst 21b... (S. Steggles) 2 Captain Scott's Allegro, 4 yrs, 7st (Charlton) 3 Mr. Mundy's The Hero (h b) aged, Gst 1 Olb (Crouch) 0 Duke of Bedford's Dabchick, 3 yrs, Est 31b (Toovey) 0 Betting-6 to 4 agst Chief Justice, 4 to 1 agst Pan cake, 5 to 1 each agst Allegro and The Hero. The Hero made the running to the straight, where he was passed successively by Allegro, Chief Justice, and Pan cake. Soon after rounding the turn, Chief Justice took the lead, which he maintained to the end, and won cleverly by half a length. Very bad third. The Hero and Dabchick were pulled up before reaching the stand, and did not pass the post. HANDICAP PLATE of 50 sovs. ; winners extra. Twice round. Two miles five furlongs seventy-four yards. Mr. Rogers's f by Knight of the Whistle, out of Har mony, yrs, Est 81b (S. Steggles) 1 Mr. Tabberer's Cavan, 4 yrs, 7st 41b (carried ist 61b (E. Sharp) 2 Mr. Batson's Beauclerc aged, Bst 61b (Sly) 3 Mr. Maxwell's Standwell, 4 yrs, fist 11b....(Charlton) 4 Mr. J. Osborne's sis. to King of Troy, 3 yrs 6st 10th (Crouch) 5 Betting-6 to 4 agst Harmony filly, 3to 1 agst Beau elem. Won by two lengths. Bad third. BETTING ON THE COURSE. GOODWOOD STAKES. 6to 1 agst Joe Miller (taken). 20 to 1 agst Retail (taken). Hobby Horse, Joe Miller, Muscovite, and Haricot were back for 2,0001. against the field, in four different bets of a monkey each. DERBY. 35 to 1 agst Baalbec (taken). The weather was cloudy and very showery. The company mustered numerously, and comprised many fashionables, who are enjoying the Marquis of Exeter's hospitality at Burghley-house. The sport was only of a very moderate charater. STOURBRIDGE RACES-YESTERDAY. GOLD CUP. Florist Lady Sarah Aaron Smith 1 . 2 LADIES' PURSE. Lady Sarah Miss Talbot Wellsbourno HUNTERS' STAKES. Odiham Sir Harry HIMLEY STAKES Lady Vernon Mayday RACING FIXTURES FOR 1853. The figures within parenthesis denote the number of day's racing. JULY. Stourbridge (2) 18 1 Nottingham (2) 21 Stamford (2) 1S Goodwood (4) 26 Whitehaven (2) 19 , Wenlock ci7 Knutsford (2) 2O } ------ AUGUST. Ripon (2) Newton Abbot (2) 1 Tonbridge (1) ............... 18 Brighton (2) 3 Radcliffe (3) ............... 22 Airdrie (2) 4 Egham (2) .................. 23 Edgware (2) Brighton Club (1) Wolverhampton (3) 5B Yarmouth (2) Derby Hereford (2) ( . 2 . ) ............ ................ 2 2 9 Reading (2) lO Lichfield (2) ............... 29 North Staffordshire (21 10 Chelmsford ( 2 ) 30 York (3) I SEPTE. MBER , Lincoln (2) 1 Warwick (2) 6 Doncaster (4) ..13 Weston Zoyland and Bridgwater (1) ......... 12 Dover 15 Pontefract (2) ......19 NOVE Bedford (2) Leicester (2) Lanark (2) 22 Manchester Autumn (2) 22 Newmarket F. O. (3) 27 Walsall (2) 2B Northallerton (2) 29 &BE& Worcester (2) .l. Epsom Autumn (2)•••••• 3 Cowbridge Hunt (2) 9 Liverpool Autumn (2)...9 Shrewsbury (2).... x ......15 Aberystwith (3) Last week THE POTATO BLIGHT.—The Cork Examiner has the following paragraph :—" A very cautious and reliable correspondent informs us that the potato disease has a ppeared in the vicinity of Skibhereen—as yet, however, he adds, to no great extent." THE WAGES-MOVEMENT. —The workpeople at Glossop and in that neighbourhood have turned out for an ad vance of wages, and from accounts received in Man enester yesterday afternoon by electric telegraph, it is apprehended that they will be led to the commission of some acts of violence, should the masters refuse to grant them what they require at once. REPRESENTATION OF CORK. The Cork Examiner states, that Dr. Lyons, one of the most popular of the citizens of Cork, has been pressed very strongly to come forward as a candidate for the vacancy created by the appointment conferred on Mr. Sergeant Murphy, but that he has resisted every entreaty on the subject. No popular candidate has yet offered himself. VISIT OF THE HONOURABLES MESSRS. SINCE'S, DRUMMOND, AND MR. O. P. RONEY TO THE OTTA WA. (From the Montreal Pilot of June 30. ) On the evening , of the 25th i ns t., th e a b ove - name d gentlemen arrived at Bytown, denominated the " City of the Woods," having been specially invited to attend a dinner to be given to John Egan, Esq., M.P.P., for the county of Ottawa, at Bytown, on the evening of the 27th inst. They were met at the steamboat landing at Bytown by an immense concourse of friends, numbering at least 2,000 persons. As soon as they landed, three hearty cheers were given for the Hon. Mr. Hincks, three for the Hon. Mr. Drummond, and three for Mr. C. P. Roney. The party immediately afterwards left for Aylmer, the residence of John Egan, Esq., M.P.P., where they passed the evening. Early next morning they proceeded up the Ottawa in the iron steamers Ore gon and Emerald, as far as the village of Portage du Fort, about 65 miles above Aylmer, viewing , the magni ficent scenery of the lake Chaudiere and Chats, with the cataracts between the lakes • the scenery here is unsur passed on this continent, each cataract issuing as it were out of the woods, through hundreds of different chan nels. The hydraulic power of these water privileges are immense, and cannot fail at some future day to be a source of immense wealth to the province. They ex pressed their high satisfaction at the beauty of the coun try, and their determination to visit it at an early day. They minutely examined the route between the two lakes, to ascertain the most suitable one for the pro posed canal, and returned to Aylmer the same evening. On Monday morning a public meeting was held at the Court-house, Aylmer, in conformity with a requisi tion presented to John Egan, Esq., mayor, to consider the propriety of inviting the members of the Govern ment to a public dinner, as a testmonial to them as mem bers of the Cabinet for their honouring this section of the country with a visit, when the following resolutions were unanimously adopted : On the motion of Mr. Sheriff Comm, seconded by R. A. YOUNG, Esq., Ruggles Wright, Esq., was named chairman, and J. J. Roney, Esq., secretary. Moved by CHARLES SYMES, Esq., J. P., and seconded by JOHN FORAN, Esq., J.P.,—That the River Ottawa, havint , a territory equal to that of Great Britain and Ireland, with unrivalled hydraulic powers, immense in its timber and other resources, and situated on one of the fairest portions of the earth's surface, only requires the aid of capital to render it one of the most thriving portions of this great continent. Moved by PETER AYLEN, Esq., J.P. and seconded by RICHARD M'CONNELL, Esq., J.P.,—That this meet ing cannot but feel grateful to the present administra tion for the liberality and zeal displayed by them in fur thering the interests of this long-neglected section of the province. Moved by JOHN EGAN, Esq., M.P,P., and seconded by T. F. TAYLOR, Esq., J.P. ,—That this meeting has learned that the head of the Government, the hon. Francis Hincks, and several other members of her Majesty's Executive Council of this province, are at pre sent on a visit to the Ottawa ; and owing to the unria • ralleled exertions of our present Canadian ministers, in developing the material resources of this country, as well as the promotion of the progressive principles of govern ment, and in testimony of its approbation, this meeting most respectfully invites them to a public dinner, to be held in Aylmer, at any time which they may find it most suitable to 9.ttend. Resolved also, that C. P. Roney, Esq., the secretary of the Grand Trunk Railroad, who now accompanies the members of the Executive Coun cil, be respectfully requested to attend the same. Moved by R. A. YOUNG, Esq., seconded by Thomas M‘GoEY, Esq., J.P.,—That the following gentlemen be a deputation to call upon those members of the Govern ment who are at present in this place, and confer with them upon the proposed dinner, viz.,—John Egan, Esq., M.P.P., Mr. Justice McCord, John Foran, Esq., Rug gles Wright, Esq., Peter Aylen, Esq., Joseph Lusk, Esq., Robert Kenny, Esq., Charles Eymer, Esq., J. J. Roney, Esq., and the mover and seconder of this reso lution. Moved by ROBERT KENNY, Esq., seconded by HAR VEY PARKER, Esq.,—That this meeting cannot retire without recording its sincere thanks to the member for the County of Ottawa, John Egan, Esq., for his exer tions in furthering the local wants of the Ottawa. Moved by JoHN GORDON, Esq., seconded by JAMES THOMPSON, Esq.,—That the Chairman do now vacate the chair, and Peter Aylen, Esq., do take the same. Moved by JOHN NEWMAN, Esq., seconded by PETER AYLEN, Jun., Esq.,—That the thanks of this meeting be tendered to the Chairman, for his able conduct in the chair, and also to the Secretary. The deputation then waited upon the Inspector- General, the Attorney-General, and Mr. Roney. The Inspector-General spoke on behalf of himself and col leagues, and entered at some length upon the claims of the Ottawa country to the favourable consideration of the Government, stated that whatever party were in power, their claims could be no longer deferred. He expressed his thanks for the kind invitation, and con cluded by assuring the gentlemen of his anxiety to meet their wishes, and as soon as his official duties permitted, to accept the proposed dinner. The deputation then withdrew, after which a numerous circle of gentlemen assembled, and accompanied them to Bytown, to attend the dinner to Mr. Egan the same evening, and to which they were invited as guests. On the rising ground proximate to Bytown, and commanding a splendid view of the scenery of the Chaudiere Falls, they were met by the Mayor of Bytown, the Warden of the county of Carelon, the Hon. Francis Maay, Messrs. O'Connor, Sparks, Friel, and a numerous circle of gentlemen of every shade of politics, who met to show them the numerous public works around Bytown. After having inspected these works they proceeded to the Government Hill, a promontory on the banks of the Ottawa, which commands a view of the adjacent country around Bytown for ten miles , after which, preceding by the Cathedral, Bishop's Palace and Convent, they proceeded to Rideau Hall, the residence of the Hon. Thomas Many, who hospitably entertained the whole party. Returning to Bytown, they visited the magnificent grist mill, the large and extensive factory and the immense saw mills erected by that public spirited gentleman, who, to his credit it may be said, has invested a large portion of his capital in those establishments so well calculated to pro mote the interests and to develop the resources of this section of the country. Had time permitted, it was the intention of the party to have visited the extensive Gat tineau Mills belonging to Messrs. Gilmour & Co., which they expressed their anxiety to see, and will no doubt do so on their next visit to Bytown. As it was now ap proaching the dinner hour, they were compelled to go to it. A full account of the proceedings there appears in our columns of this day. It must be gratifying to the people of both shores of the Ottawa to feel that the Government are determined upon opening this majestic stream, the banks of which are so well calculated to be a boon to the industrious settlerq as well as to give a vent for its boundless forests to the shipping ports of Quebec and Montreal. No per son can doubt the fact, that with these prospective facilities the trade must increase to an immense extent, and that a great, thriving and happy population will be located in its valley. These remarks cannot be closed without adverting to the handsome manner in which the Warden of the county of Carleton, W. F. Powell, Esq., discharged the duties of Chairman of the dinner ; his dignity, eloquence and ability obtained for him the admiration of every one present. The Vice-Chairman, the ex-Mayor, also dis charged the duties devolving upon him in a highly credit able manner, and with his usual good taste and ur banity. At the dinner it was a subject of regret that the mem ber for the town of Bytown was unavoidably absent ; yet it must be gratifying to him as well as to his friends to learn, that when his name was mentioned, in connec tion with the other Ottawa representatives, due credit was given to him for his exertions by Mr. Egan, in re turning thanks ; that he invariably found him ready and willing to discharge the important duties to which he is entrusted with impartiality and premptitude ; ana also expressed the same of the other Ottawa representative. It is by this system of union these important duties ever can be expected to keep pace with the other sections of this province. PUBLIC DINNER TO JOHN EGAN, ESQ., MX. P., AT BYTOWN. On Monday evening, a public dinner, on a magnificent scale, was given to John Egan, Esq., M.P.P. for the county of Ottawa. The dinner was served in a tent erected near the resi dence of Nicholas Sparkes, Esq., in Bytown. Upwards of one hundred gentlemen sat down to table. By special invitation, the lionourables Francis limcks, Lewis T. Drummond, C. P. Roney, Esq., the manager and di rector of the Grand Trunk Railway, A. M. Delisle, Mr. Bellingham, and Mr. Sykes, of Sheffield, were present. The chair was ably filled by F. Powell, Esq., Mayor of the county of Carleton, while R. W. Scott, Esq., ex mayor, of Bytown, acted as vice-president. The health of the Queen and the Governor-General were proposed and drunk amidst the most enthusiastic cheers ; after which the PRESIDENT rose to propose the toast of the evening, and in a truly eloquent manner, alluded to the exertions of Mr. Egan in the service of his country, which he said were greater than those of any other man, and almost herculean, to develope the great latent resources of the Ottawa. Not only did he exert himself as a legislator, but by his own individual exertions, joined with those of his partners, rendered the travel from the town in which they stood to Portage du Fort, a distance of upwards of 70 miles, inferior to no part of this continent. Mr. EGAN, in reply, spoke at considerable length, and stated that he always found the present Government inclined to listen to any suggestions calculated to pro mote the interests of the Ottawa, and lie trusted that now that they had commenced the good work by voting 50,0001. towards opening the country between the Chats and the Chaudiere Lakes, besides allotting a further handsome sum for the improvement of their roads, that they would not stop there ; and that the motto would be— to use a phrase of our Republican neighbours—" Go ahead." Mr. Egan's speech was delivered with great effect, and was throughout followed by the most raptur ous applause. The next toast was that ef "The Premier of Canada, the Hon. F. Hincks." Upon the mention of his name the assembly rose en masse amid thunders of applause, which continued for several minutes, and which com pletely drowned the voice of the chairman. Mr. Timms in reply spoke at some length. He stated that the Government not having taken the importance of the Ottawa into consideration at an earlier date, was from no indisposition to do it that complete and ample justice to which it was so justly entitled ; but from possibility to undertake such a public improvement on a scale commensurate with the wants of that gigantic river, ' owing to the prostrate state of the finances on the advent to power of the present a dministration in 1848. He re peated that the present grant was only an instalment of what the Ottawa was entitled to receive whether he con tinned in office or not, no administration would decline doing it justice. The CHAIRMAN again rose to propose the health 'of a gentleman whose eloquent voice was raised in the senate of the country in favour of the transfer of the seat of Go vernment to "the City of the Woods." That eloquent voice had ever been raised in favour of this section •of the country ; and from the high position of that gentle man, and his great talent and zeal in advocating the development of the resources of the Ottawa, he felt con fident that his exertions would eventually be crowned with success. He would, therefore, propose the health of the Hon. Lewis T. Drummond, Attorney-General for Canada East. The sentiment was received with bursts of applause. _ _ _ The ATTORNEY-GENERAL rose and stated that he was no stranger to the Ottawa ; he had, in former years, fre quently visited it professionally, and it was then he had formed his opinion of its vast and boundless resources. In fact, no one: could visit it without coming to the same opinion of its important position. Nature had been pro fuse in lavishing its bounties upon this favoured spot. The fact that it will, ere long, be the focus of several roads, besides it being the key to the great and bound less timber region, cannot fail to render it one of the great cities of the Province. He spoke at considerable length, and in a strain of eloquence to which it is impos sible to do justice in this very short and imperfect report of his speech. The VICE-PRESIDENT then proposed, " Prosperity to the timber trade," which was ably responded to by Mr. Egan. "Prosperity to Railroads" was next proposed ; and the name of Mr. SYKES (one of the distinguished guests present) having been pointedly mentioned in connection with it, that gentleman rose to return thanks. He stated that he had. come to Canada, not so much for the pur pose of making speeches as railroads. He had visited the Ottawa country during his short stay in Canada, and it fully and more than realised his expectations. He was delighted with the country. He hoped that the pro spect of a war in Europe would soon disappear, else it might seriously affect the money market, and render the construction of large undertakings extremely difficult. He sat down amid loud and continued cheers. The PRESIDENT then rose and said, that he was about to propose a toast which he felt would be well received ; it was one of a local character, and largely affecting the material interests of Bytown—lie meant the health of the Montreal and Bytown Railroad, and of the Presi dent and Secretary, Messrs. Delisle and Bellinghain. Bytown had been misrepresented in relation to this com pany, and he availed himself of the opportunity afforded him to state that Bytown had disowned connexion with any other company than the one in question. Mr. A. M. DELISLE then rose and returned thanks for the honour done to the company he had the honour to represent. He would preface any remarks by avail ing himself of the occasion to thank the worthy member for Ottawa for the aid he had received when before the Legislature to obtain a charter. He thought it right also to acknowledge the valuable and powerful aid he had received at the hands of Mr. Hincks, when engaged on the same mission. It would be recollected by all present that he had taken the stand he did when a fatal blow was directed at Bytown and Montreal, by the re vival of an old charter, which, whilst sanctioning a rail road to Prescott, leaving Bytown aside altogether, fixed its point of departure at Lachine, where it marched off to the State of N.Y. _ _ . Bytown and Montreal would not quietly submit to this act of injustice, and petitions in large numbers were forwarded to Parliament. The House of Assembly, see ing that nothing but justice was sought, at cnce sus• pended its rules, and granted a charter for a Bytown road. The Hon. Mr. Hincks had said that the trade of the Ottowa belonged to Canada entirely, and he was right. It was chiefly with a view of keeping that trade to Canada that a new charter had been obtained. He added that already Terrebenne had voted 100,0001. 125,0001. had been spoken of by the corporation of Montreal, which would, he felt sure, be voted in a few days. The County of Two Mountains were prepared to vote 100,0001., but had suspended their vote until Montreal and Terrebonne had done their share ; and he hoped that county would see the advantage of joining a line which, uniting them to two powerful corporations, would at once insure the construction of this great un dertaking. Mr. Delisle was frequently interrupted' by loud cheers. Mr. BELLINGHAM then rose, and said that he appeared under great disadvantage in having to speak after the able speakers who had preceded him. He dwelt at length on the vast and extensive resources of the Ottawa, and from what he had seen, he had no doubt whatever in the result of the future, and the day was not far dis tant when the extensive line of railroad leading from the Atlantic to Montreal, and from thence to Bytown, and by the valley of the Ottawa to Pambroke, would become one of the most important auxiliaries and feeders of the Grand Trunk Railway, at the same time affording that facility which is so well calculated to develop the resources of this vast and improving section of Canada. The tribute of respect paid the Hon. Mr. Hincks was well merited, and if he could add anything it would be to say that, to thaethe gentleman country was indebted for the improved condition of Canadian securities in the English markets. He hoped soon to see the Montreal and Bytown Railway under contract, and, as they were well aware, an English contractor was present, and pre pared to undertake the road on favourable terms, and to accomplish the work in a comparatively short time. Mr. Bellingham would take the liberty of proposing " Success to the Bytown and Pembroke Railroad," which was drank. Mr. Bellingham delivered his speech with great eloquence, and was rapturously cheered. The VICE-CHAIRMAN then rose, and craved a bumper in honour of a gentleman whom they were all proud upon this occasion to see present, and whose great ta lents, in connection with railroad statistics in England, they had all heard so much about ; he alluded to C. P. Roney, Esq., the secretary of the Grand Trunk Railroad. That gentleman had been instrumental in ushering into existence the Great Dublin Exhibition 'of this year—an exhibition that is doing much towards developing the resources of Ireland, and for which important services to his native country he is to receive the honour of knight hood. It was unnecessary for him (the vice-chairman) to detain the meeting any longer, as the " distinguished Irishman," as the London Times termed him, would answer for himself. The toast was drank in the most enthusiastic manner. C. P. RONEY, Esq., then rose to respond to the toast that had been so enthusiastically received. He alluded to his connection with the Dublin Exhibition, and paid a high tribute to Mr. Dargan and Sir John Benson. He stated that although his own country possessed great material resources, still they were not equal to those of Canada. He had only as yet been a short time in Canada, yet lie had been surprised and astounded at the gigantic dimensions of what he had seen. The capi talists of England had no conception of the immenseness of this country. Its hydraulic powers were unrivalled ; its immense forests, its fine fertile territory, and its being situated in the centre of the temperate zone, must eventu ally elevate it to a high position among the nations of the earth. One thing particularly struck him—the dif ference between his own countrymen here and in Ireland; they were here occupying a high social and political po sition, and exercising that position with advantage to that country and to their sovereign—they completely estab lished the fact that where political power is conceded to them, and perfect equality, it is never abused, but, on the contrary, highly appreciated. He thanked the meet ing for their patient attention, and concluded a speech of which this is but a feeble outline, amid thunders of Luse. ST. KATHERINE DOCKS. Thehalf-yearly meeting of the proprietors of the above docks was held yesterday ; Mr. Alderman Thompson was in the chair. The advertisement by which the meet ing bad been convened having been read, the report of the directors was submitted. The CHAIRMAN said if they were to look into the ac counts and the report he thought they would find them very satisfactory. The net earnings for the past half year were 47,000/, If they adopted the recommendation of the court of directors, and declared a dividend of 2 per cent. for the half-year, they would be enabled to carry over a balance of 9,0001., making the reserve fund amount to about 39,0001. The stock on hand was re duced 4,000 tons from last year, whilst there had been a greater landing of 5,000 tons. The net earnings of the past half-year amounted to 21. 9s. 0/d. per cent. whilst in the corresponding half of 1852 the earnings amounted to only 21. ss. per cent. As regarded their future pros pects, he was not inclined to take a gloomy view ; but looking at the number of ships to come in, he saw no reason why the current half-year should not be as good as the last. The total earnings on the past year amounted to 41. 15s. per cent. The increase in their business was shown by the circumstance that in the half-year just completed the net income was 47,5651., whilst in the corresponding half of 1852 it amounted to 45,130/. ; and in 1851, the year of the Exhibition, when there was great commercial activity, 42,1361.. The committee appointed to inquire into the management had recently renewed their inquiries, and they found that hydraulic machinery was successfully used in many other docks, and effected a great economy in human labour—a circumstance of great importance when every kind of labour was rising in value. The directors had adopted their views, and they found the expenditure would amount to 30,0001., which, from all the information they had received, they had every reason to believe would be saved by the economy it would introduce into i the work ing in 6 years. The chairman th en alluded, n terms of regret, to the retirement of Sir John Hall from the secretaryship, and stated that the directors b ad considered it but an act of justice to allow him to retire with a pen. sion of 1,2001. per annum, from the superannuation fund. After a vote of thanks to Sir John Hall and the chair man, the meeting broke up. RAILWAY TRAFFIC RETURNS. LONDON AND *OIITH-EASTERN itAlLWAY.—Traffic re turn for the week ending July 16, 1853 219,095 011 Corresponding week last year 17,624 2 4 Increase in 1853 £1,470 18 7 LONDON, BRIGIITON, AND SOUTH COAST RAILWAY.—. Traffic return for the week ending July 16, 1853 £15,201 15 4 Corresponding week last year m,oss 15 8 Total of the half-year to this date, 1853 40,825 18 11 Total of the half-year to this date, 1852 39,400 8 6 , GLASGOW AND SOUTH - WESTERN RAlLWAY.—Traffic m aim for the week ending July 16, 1853 i:5,559 17 5 corresponding week last year 4,858 12 9 Increase in 1853 £7Ol 4 8 THE DUBLIN GREAT INDUSTRIAL EXHIBITION.—fin Monday the number of visitors at the Exhibition ex ceeded 10,000, for the first time since the opening day. The receipts were also considerably greater than on any former day. xl lll don• ole la e °l4 t tea • tg ince twit is ‘ g;, ; e3 vsl ° s 04 ,doff ;to , a t°