The Express.
London, England, 1863-09-03 00:00:00

THE SUEZ CANAL NO BUBBLE.

The following letter, written by a native Eap-
Use, sod translated into English, hen been handed to us
tat publication :
" Sir,—When first mooted it did not even deserve the
name of bubble, for it had no entity whatever, it locked the
transparent film which surrounds the bubble. It wu but
as idea, in one man's brain, deeply seated it is true, but
sensed in a film of will and perseverance.
" This idea was blown over to us in 1957, and wu rolled
over by Mr. D. A. Lange to Liverpool, Meaeliester, Dublin,
Cork, Belfast, Glasgow, Dundee, Edinburgh, Leith, New-
Alio& Birmingham. Brit and finally to Lorsdi..
lows ft we*
but when the people of gland were told thatre
cost eight milks pounds to solidify the ides and pin it into
practical operation, they naturally took time to consider
about it.

Thee there came forward a man learned is polities,
and he
'proclaimed to the people of Bighted that
it was a bubble," and Lid them beware of it. Then
the people, believing it to be true, did beware of it, and
time arose a great cry between the friends and the foes of
the" idea," and some said it was good for France only, amid
others said it woe good for the whole world, and then the
cry was hushed, and at last the people condemned what
they had prided before.
" Then there arose a great tumult on the other side of
the Massed, and the seed of asthma antagonism wee
fended into a Sams, and it burnt fiercer sad fiereer, whim,
lo! the bubble became a mass of solid gold, and the
the French people, and those of other countries,
to raise the eight mahout, and the idea we. solidified, and
pat into practical operatics. But the English people
laughed it to scorn, and prophesied that all the gold would
be lost in the sand. Then went over to Egypt a wise.
stilled is carrying out such ideas, and he
all over the place where the people did dig to
make an opening between the Mediterranean and Reid Sea,
and he rehired and told hie countrymen that verily a canal
would be dug, sod that the gold would not be last in the
sand.
" At this, the great man, learned io politico, became very
wroth and swore he would destroy the work, but all Ms
efforts to destroy it only served to make the' bubble
stronger so that it grew to be stronger than he, for to ! it
was &old to be so bubble at all, but • great sad good
work for the good of mankind ; and now after essay yeses
the people of England begin to see that they were right in
their find conclusion ; nevertheless they were not mirk, in
what they did. for they wiU get a maritime peewee to India
without sharing in the expellee of making it.—l am. Ito.,
"AN EGYPTIAN."

DISPATCH OF AMERICAN AND CANADIAN "SAIL&
—Yesterday the lamas steamer City of Manchester was
despatched from the Mersey for New York with mails for
the United States, together with passengers and ergo. To-
dey the Montreal Ocean Steamship Compaay's enamor
Dameseue will sail for Quebec with the Canadian and
United States mails. Letters, Re., will be received at the
Liverpool Gerund Poet-alicenntll 10 o'doek p.m., and fee
despatch vie Losidoaderry till 8.30 p.m., and with dismal
late fee of otie penny until 9.30 p.m. On Saturday the
British end North American P.oyal flail steamer Arabia
will leave the Mersey for Boston. The box at the post-
office (Liverpool) will be open for the reception of letters,
• intended to be forwarded by this mail until 11.10 a.m.,
and viA Queenstown tIM 8.3 u p.m. without, and with late
fees of eine penny until 9.30 p.m.
OPENING OT THE KENT COAST RAILWAY TO
MARGATZ.—MAIGATE, WEDNESDAY.—This afternoon the
Kent Coast Railway was opened to this town from Hem
Bay, giving a direst communication to London. Yesterday
the hoe was inspected by Captain Rich. government in-
spector, and although his report is not yet officially known,
we are in a position to state that the only fault which he
gads with the works I. that one or two iron bridges, cross-
ing small streams• are not sufficiently strung. This defect
will be speedily remedied, and it is expected that the line
will be ready fur merchandise traffic on Friday next. The
train by which the line was opened this afternoon con-
witted of an engine sod three carriages, and brought
down the following gentlemen :—Mr. Hilton, chair-
man of the directors ; Mr. H. Tootal, deputy chairman ;
Captain Starke, Hem Bay ; Mr. Laming, Birchiogtos ;
and Mr. Riedel Farandole, directors; Mr. Crampton,
one of the cootnetore ; Mr. F. T. Turner, engineer ; Mr.
Johnson, secretary ; Mr. M. Harris, montane manager of
the London, Chatham, and Dover Railway ; the directors
of the Margate Hotel Company, and several ladies. Oa
the arrival of the train the directors and others met with a
most cordial reception by the mayor, aldermen, and council,
the volunteer corps, and the Ere brigade, bang present
at the station, as also several thousands of the visitors sad
iababitaata. A promote') wee formed, which proceeded to
the Town-hall, where the mayor, oo the part of the eons-
cil, congratulated the directors on their side arrival, end
upon their having thus far opened their new Noe of railway
so successfully. Mr. C. J. Hilton briefly replied, after
which the assembly dispersed. In the evening the
✓ation entertained the directors to diluter at the tagre.
Hart Hotel, and at tee o'clock the gentlemen connected
With the line left Margate by a special train.
OLASOOW AND SOUTH WESTERN
thatRAILWA;;
Th. tout His directors of this company stn,
25,8711. had been expended on capital account during the
kelt-year siding the 31st bf July, nialtiow v3kg expo*.
trilt icH4/21,Kj. ocl g TIS,TTWAIC Mattes tuna-
undertakinp heel by the company. rme renewal of the
permanent way had been rapidly proceeded with during the
half year, sad the sum of 13,2 W. had beer expended on
this account. Revenue bad been debited with 8.0001., and
3,9'151., the 'premium on stock sold during the half year, to-
gether with 1,4441. previously standing at the credit of
account for the renewal of locomotives, but not now required
for that purpose, had also been cr.dited to the renewal of
way account—in &Remounting to 13.3991., leaving a balsa.*
sow outstanding of 22,6141. The roiling stock had ben
maietained io the hest condition. The average nee dinterest on the debenture debt was now 31. 19a. Id. wash
The bill for running powers over the Ayr and Keyhole Bath
way was settled is committee by an arrangement between
the two compaoice, by which this company was empowered
to work, melanin, and renew the Ayr and Maybols Rail-
way in perpetuity, on terms which were antaidered
mentally advantageoua. Plans for the junction be-
tween the Glasgow and Paisley joint railway and
the Renfrew Railway at Paisley were being prepared, and
the works would be proceeded with as early as possible. The
works on the Kirkcudbright and Bridge of Weir Railways
ware rapidly progressing, and both those lion were expected
open for traffic before the end of the year. The re-
ceipts from all descriptioce of traffic showed a very satire
factory increase over the corresponding period of last year,
and were larger than those of any previone half-roar MOOS
the opening of the railway. In the real* for passenger
there was an increase of 2,7121., in three for goods and
minerals of 8,9211., as compared with the corresponding
six months of last year. The total receipts amounted to
219.9e7/., against 206,8561. for the cones', iodine half of
1862, showing an increase of 13,0514 The working expenses
amounted to 88,0991., or 40 1-3 per cent., against 82,668/.
or 01 percent., for the corresponding period, showing an
increase of 5,4317., and of 7,6201. in the net receipta. The
balance available fur dividend, after deduction of working
expenses, interest on mortgages, the 8,000/. transferred to
the account for the renewal of perrranent way and other
menus chews, 'mooted to 93,M6/. The guaranteed and
prefereooe dividends would absorb 18,7091., leaving 75,2274
out of which the directors recommended the shareholders to
declare a dividend on the ordioary stock at the rate of 5
percent. per annum, payable on the 21st instant, carrying
forward 1.0861.

Maur& Lewis and Stockwell, iron shipbuilders,
launched ou the 15th inst. from their building yard et
Blackwell, an iron paddle-wheel tug-vessel, length 11811.,
beam 1911.., depth of bold Ilft. She was built under the
superinteedenc• el Mr. E. B. Bernard. London-street,
City, end is to be Wed with engines of 70 sornival hone-
' power, fsatherieg wheels, and to hare all recent immove.
manta : classed A 1 at Lloyd's. Iler owners are Messrs.
R. and R. Smatter. of Ratcliff. Messrs. Lewis and Stock-
well, in addition to the steamer, here in hand en iron
peddle wheel peen:inner steamer for the service of the
Aberystwith and Welsh Collet Railway Compsey. This
v is nearly reedy for her station, sod is fitted with
oscillating engines by Messrs. James Watt and Co., of
Londe° and Sobo. There is also under construction at
this yard an iron fore-and-aft schooner, for the river Gam-
hia ; two Moe schooners under the survey of Captain
John Moody, and intended fur the important service of the
works any beteg carried out at Odessa by Mr. George
Fitness, the eminent contractor. lo addition to which
Messrs. Lewis and Stockwell bare recently equipped ad
despatched two iron light-draught sailing motels to Sydney,
New South Walse.—Ziggincer.