The Express.
London, England, 1867-10-24 00:00:00

MISCELLANEOUS.

Australian Mort:iaid antfii;anee(Lini lied),
Berlin Waterworka(Limited), 12j.
Credit Fonder of England (Limited), 2),
Crystal Palace, 24).
General Credit and Discount (Limited), N.
Loudon Financial Association (Lim.) 7.
London General Omnibus Comp. (Lim.), 2 146 2.
Ocean Marine Insurance. 20).
Peninsular and Oriental Steam, 53,4.
Peninsular and Oriental Steam, New, 1867,4 i, 51 4j.
Trust and Loan Company of Upper Canada, 4i.
Universal Marine Insurance (Limited), :41.
Viceroy of Egypt (Mortgage) Loan, 72, ls.

Count Achille Pepoli, husband of Mdme. Alboni,
the singer, has just died at the ayylum of Dr. Mooch,. to

which he was removed about two years ago.

EXTRAORDINARY ADVENTURE. —The Italian
Consul has sent to the British Consulate fat Constan-
tinople) a young English sailor, brought to Constantinople
on board the Italian barque San Ciriaco of Ancona, which
bad picked bin, up at sea under singular circumstances,
recalling one of the half-romantic half-humorous incidents
in Captain Marryatt's novels. On the afternoon of Friday,
September 6, the barque, while some ton miles from shore
otr aDegat, on the coast of Spain, hearing reeeated
cries for help a long way off to windward, hauled the ship
to, lowered a boat and sent it in the direction from which
the voice seemed to come, and about half a mile off the
boat fell in with a man with his head only above
water, who turned cut to be a young English sailor named
William Blank, a native of Salcombe. It appears that
Blank was a hand on board the Ocean Bride, bound for
Newcastle, from Agostere in Greece, that he had been din.
satisfied with the treatment he received, and that a fellow
' sailor, a Frenchman, who shared his dissatisfaction, per-
suaded him, when the ship was off the Spanish meet, to
jump overboard and swam ashore—first buoying themselves
with corks. Accordingly, at 9 o'clock on Thursday night,
Sept. 5, they carried their adventurous plen into execu-
tion. The Frenchman was a good swimmer, but Blank could
not swim at all, and was merely supported by his cork..
The Frenchman swam ahead, towing Blank with a
line towards the shore for about a mile, when he pretended
to he seized with cramp, and cast off the Englishman, who
then remained buffeting the waves for 15 hours, till
picked up by the Italian barque on the following after-
noon, so exhausted that he had to be heisted on board.
Several vessels had passed him unnoticed, till his voice
from the deep reached the ear. of Captain Belloni, who
treated him with the greatest kindness all the way to
Constantinople. The master of the Sarah Watmn, bound
for Sunderland, being in the Consulate for the purpose of
procuring a braid while Blank was relating his adventure,
overlooked the breach of discipline, and deeming the
Salcome man a plucky fellow, shipped him at once for
the voyage to England.—Luau! Herold, Oct. 16.
THE rAISCAL FORGERIES.—The Pascal forgeries
again absorbed • great part of the sitting of the Paris
Academy of Sciences the other day. M. Fanfare has sent
in another communication, in which he declared • letter of
James 11. published by M. Chasles to be forged, and M.
Chasles, with a courage worthy of a better cause, main-
tained the validity of all his waste paper. M. Leverrier at
length rose, and this time spoke with straightforwardness
and even severity. He said :—" On the strength of docti-
ments attributed to Pascal and to Galileo, and of the
genuineness of which no other proof can be given than
that they confirm each other, it is concluded that
Newton attributed to Cassini among others, obser-
vations said to have been received by him from
Pascal, and this with the fraudulent intention of depriv-
ing Pascal of the honour of the discovery of important
facts relating to the system of the universe. Newton
clearly states, in his edition of his Principia,' published
in 1726, that the measurements which he adopted are
Cassini'', and he does so in two different passages. Even
were there nothing but this declaration of the great geo-
metrician, made in the presence of his contemporaries who
were perfectly aware of the truth, we ought not to hesi-
tate giving it our full reliance, rather than to documents
unsupported by evidence and coming from no one knows
where. But Cassini', observations exist and they need
only be consulted in the ' Memoir's' of our Aoadem
in order to convince oneself that they are identical with
those given by Newton in 1726. Casdni describes his
instruments, and gives the dates and details of his °beer-
vations which were effected between the first and last
edition of the Principia.' There is, therefore, no pos-
sibility of a doubt—Newton was sincere—the observations
he quotes a being Cassini', are really those of that French
astronomer. And consequently the documents attributed
to Galileo and Pascal, and which could only have been
are false,
Cnuin. if the observations
ul's but P quoted by
emNeitirit haant,
attri-
buted to Galileo are quite as much so and more than the
others."

THE BANK OF FRANCE.

OE TV'S TELEGRAM.)
PARIS, Orr. 24.

The return of the Bank of France fur the week
ending to•dac shows the followilit changes com-
pared with that 'a
-t week :

INCREASE.
Private ace lints . . . fr. 24,5 ):),COO
Cash in hand . . . . 14,500,000
ltilis discomfited . . . . 4,,trNt,0,10
Advances f ',O 0

Not,s

I)::catAbE.

. . . fr. 4,701,000

MONEY MARKET.-(TIFITS DAY.)

FAILURE OF A CANADIAN LANK.
ON3 o'Owaz.

The Commercial Bank of Canada has stopped
payment, owing to a large loss in connexion with
the Detroit and Milwaukee Railroad. With a
view to cover the sum duo from the railway com-
pany, it was recently determined to reduce the
shares from 100 dots. to 60 dole. each ; but this
measure, instead of inspiring confidence, as
was expected, caused a run upon the bank,
and compelled the directors to close the doors.
' The total paid-up capital was 4,000,000 dole.,
or 800,0001., and there were 17 branches and
agencies in Canada, as well as eight foreign
agencies. The shares were recently quoted 45 dole.
to 50 dole. The liabilities are considerable, but
the exact amount has not yet transpired. The
agents hero, the London Joint Stock Bank, are
fully covered. It will be remembered that another
Canadian bank, the Bank of Upper Canada, failed
about two years ago.
The stock markets remain firm, with a fair amount
of business, consisting almost entirely of purchases.
There is a moderate increase in the number of
bond Jide investments, while recent speculators
for a fall continue to close their accounts, in
the absence of unfavourable features. Consols
have advanced d to I per cent., and most of
the British railway securities it to 1. Great
Northern original is 1 better. Foreign bonds are
inquired for, but exhibit no variation of impor-
tance.

There is no alteration in the discount market,
and the rate for loans in the Stock Exchange, on
English government securities, is still 1 per cent.
Consols are quoted 94 3-16 to 5-16, or 941, both
for money and the account (Nov. 7), and the
Three per Cents. Reduced and New Three per
Cents., 92f to 2.
Home rail way stocks have experienced a fresh
improvement. Great Northern (original) has
advanced 1 per cent. ; Great Western, ; Lon-
don and North Western and Midland, I ; Great
Eastern and Brighton, ; and Metropolitan, Lan-
cashire and Yorkshire, Caledonian, South Eastern,
and London, Chatham, and Dover, I. The quota-
tions are as follows :—Metropolitan, 122 to 4 ;
Great Western, 47f to g ; London and North
Western, 1131 to 2 ; Midland, 117 f to 2;
Lancashire and Yorkshire, 126 k to 127 ; Cale-
donian, 931 to 941 ; South Eastern, 662 to 67 ;
Great Eastern, 324 to ft ; Great Northern, 110
to 1l 1; ditto A, 114 to I ; London, Chatham,
and Dover, 17 to : North British, 321 to 332 ;
and London, Brighton, and South Coast, 531
to ;!.

Turkish Bonds of 1865 are in request, sad have
! per cent., viz., to 311 to 321, but Italian of
1861 are n lower, at 45 to} ; Turkish of 1862 are
at 621 to 631 ; Greek, In to ; Spanish Passive,
19 to 1. ; ditto Certificates, 161 to a ;
Scrip, 1 to 01 dis. ; and Mexican, lb to 1.
A fair amount of business is reported in American
securities. The 5-20 Bonds are at 691 to 1, show-
ing a rise of per cent. ; Erie Railway shares, 4t,
to 1, being lower ; and Illinois Central, 78 to 1.
In the market for financial shares, Credit
Fonder show no recovery from the fall of yesterday,
the present price being 6t to 61 dis. International
Financial are quoted 21 to 2* dis. ; London, 24 to
22 die. ; and General Credit, 2il to 21 dia.

Bank shares have been little dealt in. Alliance
are heavy, at 13 to 11 dia. London and West-
minster are called 70 to 71 ; Union of London, 37
to 38 ; Imperial Ottoman, 1} to 11 dia. ; London
and County, 5411 to 55} ; and Oriental Corpora-
tion, 45 to 48.

HALF-PAST THREE O'CLO4.3C.

There is a good demand for public securities, and
prices generally show firmness. Consols have ex-
perienced a further rise of 1-16 per cont. since
1 o'clock, the present price being 941 to x both
for money and the account.
No gold has been withdrawn from the Bank to-
day for exportation.
At Paris this morning the Three per Cent.
Relates opened at lidfr. 37c. for the account, being
about the same as yesterday.
Rumours were current yesterday afternoon of
the embarrassments of is Canadian bank, having
agents in London, and possessing a capital of some-
thing less than a million sterling.
The following is the report of the directors of the
Land Mortgage Bank of India (Limited), to be pre-
sented at the half yearly meeting on the 31st inst.:
In pursuance of the suggestion made by the board and
adopted by the general meeting in April last, the
directors now submit the following report of the affairs of
the bank during the past sin months. In the Bengal and
Madras priaddencies nothing has occurred worthy of re-
mark ; the large sum receivable from mortgages alluded
to at the last meeting was repaid with punctuality, and
the business of the bank is, as heretofore, satisfactory.
The continued commercial depression at Bombay has pre-
vented any material improvement in the value of some of
the properties mortgaged to the bank, and has delayed
their realisation. To protect the interests of the oom•
pony, and to obviate delay, the directors in May last
deemed it essential that a member of the board should
proceed at once to Bombay, and Mr. Boron, whose long en-
perience in India rendered him especially fittedtoundertake
this responsible mission, left England in June for that pre-
sidency. He will subsequently visit Calcutta and Madras.
Upon his arrival at Bombay in the following month, be at
once proceeded to institute a most minute inquiry into the
state of properties mortgaged to the bank, and, in refer-
ence to the ,gerieral management, to take such steps as
appeared to him under the circumstances to be necessary.
The reports which he has forwarded to this country, while
confirming, at present valuations, the original estimate of
lose, convey much information that is very reassuring as to
the geuer4 position of the bank's affairs at Kurrachee
and Bombay ; but in view of a continuance of the present
disturbance of confidence in that presidency, the board I
propose to adopt Mr. Boyson's recommendation that pro-
vision be made for a further possible depreciation of
20,000/. He, however, expresses a decided opinion that in
the anticipation of a possible material improvement in
prices, the safest policy is not to hasten the diapered of
the bank's securities at this time, when a large number of
estates belonging to other institutions are being forced to
a compulsory side. Owingto the central position of many
of the bank's properties in Bombay, the directors feel that
they are justified in anticipating an increase in their value
as soon as the proposed railway termini at Colaba are com-
pleted, and also if, as is reported, the neigh-
bourhood of the town itself becomes for a
time the chief seat of government in India.
The board avail thematic's of this opportunity of stating
that the only liabilities of the bank are its debentures.
Their repayment. with interest, is amply provided for by
undoubted accruing receipts from the mortgage invest.
ments, and the directors therefore beg again to repeat that
there is no intention to make any call upon the share-
holders. The secured income of the company for the pre-
sent year, after providing for debenture interest and sink-
ing funds, and charges of every description, and after set.
ting aside a further sum to augment the reserve fond,
enables the directors now to recommend an interim pay-
ment on account of dividend at the rate of 4 per cent. per
annum upon the paid.up capital of the bank, to be payable

3

on and after the 14th proximo, free of income tax. The
board Imes to announoe with extreme regret the ictire-
ment of Mr. Nebo° from the direction in consequence of
severe indisposition, which hu compelled him to reside on
the continent. They have the aatistaction of announcing
that the vacancy has been filled np by the election of IL P.
Harrison, Nail.. late Comptroller-General of Amounts for
India, and government dhector, Bank of Bengal. _ _

. _
The half-yearly report of the directors of the
Singapore Gas Company (Limited), to be presented
at thr mneral meeting on the 29th inst., state., as
under:

The directors have to report continued prnrees in the
li4liting of Singapore, for particulars of which they refer
report annexed, from their engineer and manager,
Mr. Kd. Wells, dated August 5, lso7. The halaticeshoet
to 10th June, 184i7 and appended to this report, shows
the financial position of the company. The profits for the
half year are MG/. 14e. 7d., which, together with 51/.
the uu..ppropriated profit of the preceding half year,
males the available balance refs/. as. Id. Out of this sum
the directore recommend the declaration of a dividend at
thereto of 74 per cent. per annum, law income tax, on
the preference capital ; and a dividend at the rate of 3 per
cent.. per armorer on the amounts paid up on the original
e:.!.ital. free from income tax ; the balance of 3/. 14s. 3d.
to be carried forward to the profit of the succeeding half
year. _ _

The traffic receipts of the Cape Railway Com-
pany fur the month 41 August were 3,1771., against
2,7:;7 in August 1865.
Vice Chancellor Malins has fixed the Pith
November for the appointment of an official
liquidator of the Mercantile Trading Company
(Limited).

WEDNL4DAY EVECING.

Consols, which closed yesterday at 031 to 94,
both tor money and the 7th November, opened
this nu rning at 94 to /, and so closed, after
touchirg in the interval 94/ to 1. The Three per
Cents. Reduced and New Three per Cents. were
quoted at 3 o'clock 92i to /. The official business
report is as follows :—Three per Cent. Consols, for
money, 94, I, 3/ ; ditto, for account, 941, 4 ; Three
per Cents. Reduced, an, I, ; New Three per
Cents., 921, ; Bank Stock, 250; India Stock,
223, 1/ ; ditto Five per Cent. 114, 13; ; ditto
Four per Cent., 100/, 99/, 1001 ; ditto Five per
Cent. " enlaced" rupee par, 104/ ; ditto Five-
and-a-Half per Cent., 1091,pe ; ditto Five per
Cent. Rupee Debentures, 105.
In Indian government securities there was little
change.
Exchequer Bills were frm, at 275. to 30s. prem.
Foreign stocks were firm, owing to the satisfac-
tory tenor of the advises from abroad, and the im-
provement upon the Paris Bourse. Italian Bonds
of 1861 were in strong demand, and advanced / per
cent. Turkish of 1865 (5 per Cents.) rose g ; Mexi-
can and Spanish Passive, / ; and Turkish of 1862,
as well as Russian of 1862, 1864, and 1866, 1 to
1. Egyptian of 1864, however, declined 1 per
cent.; and Spanish New Deferred, /.

MINES.-(21118 DAY.)

ONs o'Cr.oci.

The mining market is firm, with a fair amount
of business. Prince of Wales' East Russell, North
Treskerby, and Great \Tor shares are in chief
request. Subjoined are the present quotations :
West Chiverton, 65 to 66 ; Prince of Wales, 525.
to Ms. ; West Kitty, 12s. to 144. ; East Russell,
275. Gd. to 30s. ; North Treskerby, 335. to 355. ;
Chivertou Moor, 5 to ; Great Wheal Vor, 18 to
181 ; West Caradon, Bto 9 ; Herodsfoot, 35 to
37; North Crotty, 3,4 to j ; and West Great Work,
31 to 4.

z6tioitales Gold shares have declined 55., viz., to
to 2 die. ; but Don Pedro are 2s. 6d. better, at
12i to 2 prom. ; St. John del Boy are at 59 to
60 ; Anglo-Brazilian, par to prem. ; Postarena.,
par to .1, prom. ; Roma Grande, to fl ; Anglo-
Italian, kto # ; United Mexican, 2 to ; Fron-
tino and Bolivia, 9-16 to 11-16 ; Port Phillip, 1i
to 1; ; and Central American, the, to par.
Au extraordinary general meeting of the Anglo-
Italian Mining Company (Limited) will be held
on the 4th of November, when the directors will
ask for authority to purchase additional properties.
Au extraordinary general meeting of the Port
I Philip and Colonial Gold Mining Company is con-
' vened for the 30th inst., when the following reso-
lutions will be submitted :
That a further distribution of Is. per share, as account
of the profit made by the company duriog. the current
year, be made as on account of the tenth dividend, and
that the same be payable, free from income tax, on Friday,
the Ist November, 1867. That the directors be, and era
hereby authorised henceforth to make and declare such
distribution:, on account of dividends, between the cordi-
ally' general meetings of shareholders, as they may deem
advisable, out of the current profits of the year iu hand,
without the sanction of an extraordinary general meeting
of shareholders.