The Express.
London, England, 1868-05-21 00:00:00

MS EXPRESS, THURSDAY .:EVENING, MAY $l, 1868.

Ehe Court.

The Prince of Wales, attended by Lord Alfred
Hervey, General Sir William Knollys, the Hon. C. L.
Wood, and Major Teesdale, arrived at Marlborough House
yesterday afternoon from Temile•Newsam, near Leeds.
The Princess of Wales drove out, attended by the
Countess of Macclesfield.

STATE CONCERT.

By command of the Queen a State Concert was
given last evening at Buckingham Polace, to which a party
of about 700 was invited.

Their Royal Highnesses the Prince and Princess of
Wales. attendel by the Countess of Macclesfield, the
Hon. Mrs. Coke, Lord Harris, Lord Alfred Hervey, the
Hoe. C. L. Wood, and Major Teesdale, and escorted by n
detachment of the Royal Horse Guards, orris ed at the
garden entrance of the palace from Marlborough House
at 10 o'clock.

Their Royal Highnesses Prince and Princess Christian
arrived, attended by Lady Susan Melville, Mrs. G. G.
Gordon, and Colonel G. G. Gordon.

His Royal Highness Prince Arthur arrived, attended by
Lieutenant-Colonel Llphinstone and Lieutenant Pickard.
His Royal Highness the Duke of Cambridge arrived
from Gloucester House, attended by Colonel the Hon.
James Macdonald.

His Serene Highness the Prince of Teck also arrived at
the palace.
The royal body guard of tbo Yeomen of the Guard was
on duty in the interior of the palace, under the command of
Earl Cadogan, the captain.
A guard of honour of the Grenadier Guarelc, with the
band of the regiment, was mounted in the court of the
palace.
Their Royal Highnesses the Prince and Princess of
Wales, Prince and Princess Christian, Prince Arthur, the
Duke of Cambridge, and his Serene Highness the Prince of
Teck, conducted by the Earl of liradforil (Lord Chamber-
lain), and attended by their Ladies and Gentlemen in
Waiting, entered the saloon at a 'pewter pest ten o'clock,
when the ooncert immediately commenced.
The programme of the music was as follows :
Overture, " Ettr)anthe"
Quartette,. " Y. scherzo nil Attalla" flit limn )
In Ma'am*. MdUe. Tittena, Madame Tre-
b•lli-Betttni, Signor Gardonl, e Mr. itantlev Verdi.
Aria, "0 lace dl one+C anima" (Uncle di
ChantounD, Millie. Kellogg Donlzettl.
Chorus of Dervishes, " The Rains of Athena" Beethoven.
Duetto, " Khben per mis memoria" (Lallans '
diddle, Titiena e Madame Trawl I
ltettinf
A, la, " Vedrai earino" (II Don Giovanni ,
Millie. Lucca Sloaart.
Duetto, •'Tulle le haste" allnoletto , thine
Kellogg e Mr. gentler
Rommints, " A petite an sortir de lenience,"
Gleteph , /*mar Gardoni Vahui
4•ens. mire, e guide, lit Act " Lt.n-ley,"
M dile Thiene
Duo, " Die ntoi un mot," Millie. Lucca e
Signor illation'
Aria, " Funeltille ebe II core" (lAnondr. Ma
dame Tn.bells Bettini , everhetr.
Coro, " Salutaris host's" Auber.
Canone, "Qui son fontl e Wile. hnrr a,
Madame Trebelli-Bettini, r *mar Gant sot Costs.
e Romenza, " rietA, rispeito, eno-re"
(Macbeth', Mr. gentler Verdi.
Terzetto. "7JtU, Zittl " Amblers di ger,-
elle', Madame Trebelli-Bettini, Signor Car.
.lonl, e Mr. gentler
Chorus, "Trumpet blow•" :La Seine de Saba', Counod.
Finale, "God save the Queen."

I:nashil.

V.".

NendeUrobn.

Otto N loolaL

The band and chorus (oonsistinp, of upwards of 160 per-
formers) were selected from Hirt M. sty's Theatre, the
Royal Italian Opera, the Millis/monk, and her Majesty's
private band.
The performance was mud acted by Mr. Andersen (the
director of her Majesty's private band) and Mr. W. G.
Curios, the conductor of tb,3 Philharmonic Concerts.

The Chancellor of the Exchequer acknowledges The base of the volcano is about thirty miles in cir-
the receipt of the second half rotes for 340 f. atuuference, and presented amost barrenand desolate
from P. D. J. aspect, the gases arising from the rent earth having
Sir John Ogilvy, M.P. entertained at dinner on completely destroyed ell vegetation. Theearthquale
fr°,23.617, '
ess LI his *rite.... 131214f6" the shucks were felt in all of the Sandwich Islands, but
—l7". " ..._. -"" of iff'd°. "'"`" only around Mauna Loa was the effect disastrous.
and Lady Lisidsiv, Lord sad Lady Digby, Right Hot. R. when this intenigenos left flonninin the opinion
ben Lowe, Celeael Stealer, lir. Dawns, Mr. Peasoaby,
ka prevailed that the eruption had parted through its

most violent and dangerous period ; bra'. the dis-
charge of lava and fragments of rock continued,
and the spectaele was wildly grand.
A correspondent, writing from Honolulu, at ye :
For fifteen days the district Kona has been the centre
of motion for the great eruption. A gigantic stream of
molten lava is Bowleg from the summit of Mauna Los
across the lands of Kakuka and Poakini to the sea at
Kaalusla landing. The slope and part of the summit of •
mountain fifteen hundred feet high have been lifted up
bodily by the earthquake and thrown over the tops of trees
for • distance of over one thousand feet. At Wahoinee a
creek has opened, extending from %beam To as high sa the
eye can reach on the slope of Manna Loa the lava is
from one to seven feet in width, and so eruption of
moist a'ay was thrown from the side of the moun-
tain between Lyman'/ and Richardson's, • distance
of two miles and three-quarters, with • width of
one mile, in the short 'pax* of three minutes.
A column of smoke seven and four-fifths miles in
altitude was thrown out of Manna Loa, obscuring
everything for miles around, save where the bright spiral
pillars of the fire flashed upward/ from the month of the
volcano. The sight was one of the grandest but moat
appalling ever witnessed and almoet defies description.
The entire topographical appearance of the country
has he n so completely changed that even those who
have lived in the desolated district all their lives
cannot recognise it or point out localitit • with which they
were formerly familiar. Luckily, this part of the island
is but sparsely populated, and the land, are
not in general cultivation. The loss of life, as far as
can be ascertained, is as follows :-- In the village of
Palinka, 33 ; at Mokaka, 13 ; at l'ultalua, 4 ; at Ifonah,
27 ; at Vanilo, 1. This makes a total of RO pereons
killed as reported up to the present time.
There are rumours about that the casualties consider-
ably exceed one hundred, but nothing definite on this
matter has been received. All of the unfortunate persona
who have lost their lives were native Hawaiians,not a white
person being killed or in any way injured. Expeditions
are being fitted out here to relieve the distressed.

(RIMTEWEI TELEGB&MB.)
FRANCE.

PARTS, MAY 21.

The Mon;trur Arnth of to-day publishes
an article denying that General Failly, on taking
command of the troops at Chalons, made use of
language expressing the near probability of war.
It shows that the camp of instruction has been
formed, not in view of an approaching war, but
because it was a necessity, on account of t .e con-
version of i he arms.

AUSTRIA.
VIENNA, MAT A. EVENING.

The minority of the Budget Committee have re-
solved to propose to the Reicharath the imposition
of a tax of 20 per cent. on the coupons of the
general debt, and of 13 per cent. on the coupons of
theme debts which had prt viously been declared free
of taxation. They also propose that a tax of 20 per
cent. only, and not of 25 per cent. as proposed by
the majority o' the committee, shall be levied upon
prizes in the State Lottery.

THE PRINCIPALITIES.
BUCHAREST, MAY 20.

Several iannons, ich were declared at the
custom-house ai goods, have arrived here from
Prussia via Ga'icia. Great activity prevail in the
arsenal here.

SPAIN.
MADRID, MAT 20, EVENING.

In tt -day's fitting of ihe L ongress the bill for
granting 1 ecuniary aid to railway companies was
adopted.
Gonza'ez Bravo then read a royal decree
suspending th-, sittings of the Cortes.

INDIA, ( MINA, AND AUSTRALIAN MAILS.

SOUTHAMPTON,

MAY 20.

The Peninsular and Oriental Company's steamer
Ceylon, with the above mails, has arrived here
She brings £O4 passengers, 4,6901. in specie, and
raw silk to the value of 4,6001. The Ceylon ex-
perienced tale weather throughout the voyage. On
the 17th inst. she spoke the transport Serapia, and
on the 19th the steamer Tanjore.
On the morning of the lfith the British barque
Lybia, of Liverpool, from Trieste and Venice,
laden with grain for London, struck on the Pearl
Rock and immediately commenced filling. Tugs
I were sent off to save as 11111,-11 of the cargo as was
possible before she went down.

OUR PARIS LETTER.

(TROY OUR Owel COMMIPONDE,T.)

pARIS, WI DNIMDAY EVENINQ
The debate in the &nate oa th,, petition„
up by the Bishop of Orlevee, ~f the
freedom of speech of C:1 t !ill I.7l.hen!tv
branded by the petitioners as atiodsti m:4
materialists, was opened yesterday by Itol.
Dupin.

It will be remenslered that at the reltit,t
several Cardinale, who were busy in their tie.., ,s
at Easter, these fictitious stood over. The I •
dinals mustered in great force yesterday and 9.
of them mean to speak. They will, no
more justice to their case than M. Imply,
mumbled so nitich that his own fram.!...
Cardinal Donnet, c3mplained that the•r
hear him. Under the specious prete tof •
they call " liberty of leachiu the p,
want to throw pubic itatruetion entirely I;,t. .
hands of the clue*, and t. interdict
lessors whose doctrines do not harne.ll
Syllabus. The repo:ter, M. Chaix ri E.r ‘.
while adopting to a much greater il..g1••••
principles of 1789 will warrant the
.•••

petitioners upon certain eminent prf., ..„
out by name, conc:uded for the or d,
day,' i.e., Ora the petitions .:,
shelved. The clei ical party dean A 7!,.•
should be taken up 'n them, and u It!, 7
proposes that they iltoul I be ri f tr.
Minister of l'uVie Instruction. D

_ . .
peared on the min Aerial bench, nn,l 1,1
less, speak against the pot.tion, althou.f ,
vacillating conduct, excusable to a ccrt.o.
from the pressure Fut upon him to t' • ~
party at court, las greatly encoura.z..i T.

_ .
tioners. M. Sail te-Beuve, who is 1..4,, .. •
a black sheep by Ha i rother aen .
petition in a ,pcc, h f singular ability 11 . r,
showed the darn er f the clerical n ar. r 1.
now in full force, a•.d ncourages pr ,poo.• .. •
would nut have b o i listened to in

. .
palmy times of th • )estoration. lle •..
most of the " tth.t rialistie ductr 11,
to the professors dew uneed were in
tions ; that as to there their authors h., i!. •

yet had an oppt r.uni y of offering e\p:..l
and that in rekar.l to the very wor,t of ,
though he hitusel iluught they 1-.,.re ; ,
fused, and ill-c.)naide.ed, it was not f,.t. ti„

or any other boily in the state to or. ri, ,
them. lie clamed openly for "foe • • :a
this age the sam.• liberty h•ch was a •-,o
the Jews in the last ct zitur-, and •• •
occasion to deep groaning from the des,
Saint Louis the Pious and virtuous Prune. s• 1.. •
teeth in a letter to her friend Mariann• de fhtn,i ,
dated Jan. 29, hich he read. 1k •
that a hat were c died " 1N ,sits vita •• anti " Cleat
istic” doctrines wire grossly misunderstood win • •
W:LS supposed that those who held them pre...
or set the exam' lc of immorality antl
lay. Ile cited many instances to the cola t•.,•
the persons of eminent men of irreproachalile
tacter who had held the •loctrines I,”w ~•:i !Pr ,• •
put down with a strong hand. In any case ht• te•i• •
strongly that.it w ould be t give up —in • •
greatest conquests r f the French •
if scientific reasoning and eata•rina •.• ti
sophy were to be interfe.ed with ia., 11„ •,
conclusions ;lit clash with tlogniiii it, .1 •
the church. 'I he State should be perfe,t .•• • •
as regards all religions. Ile trembled w
heard that the government, to

Senate, which sympathised with Hose
meant to promise that the question sltnald
eidered. He thought the moment was vert :
pitioua for a rational and fair considerati:
a subject. He was for "liberty of .•
much an any elan. but lie was not to
• a word; and he well knew that !,. ;
clerical party called for libert.t tln •
minance.

M. Ernest eayndu, a draniatitt, ; •
early age compbsed, jointly with M. Th
the sueoe.ssful piece the Fme, . .
,_.. was the author of several in
GIBRALTAR, 141A1- 11%
just died prematurely.

News from Tetuan reports the capture and execu-
tion of the Moorish assassins Asia and Emteely.
Both culprits were beheaded, and their heads ex-
posed to public view in the market place.
The Spanish steamer Primers de Puntales ex-
ploded and sank in the harbour of Cadiz. Tin
governor of Tanjore, Sid Reroom has been ap-
pointed Commander-in-Chief of the Sultan's army,
and Kaid Abbas has been appointed Bashaw of
the Province of Tripoli.
Exchange on London, 49„ ; on Paris, Mr. '22c. ;
on Madrid, par to s dia.
On board the Ceylon is a fine specimen of a
young elephant from Ceylon, consigned to Mr.
Castang of L:adeuhall market.

The Bourse continues extremvlj a.!. 17,
vote of the Berlin Customs Parliam..nt, •
another form an adoption 44 the pr:!, :•
tained in the address, which Wl`, c•..; 1.
majority a few days ago, 1 .uo. no erk.ct u:.

The Emperor Napoleon gave audience on Mon-
day afternoon to the lie,. James Davis, secretary to the
Evma gelical Alliance, on the st.bject of Protestant mission-
in New Caledonia. His Dlnjesty expressed his regret that
any interruption had occulted to the work of the Christian
mismionarits on the part of the French authorities, and
assured the ta cretaty that the same religious liberty which
pre‘ ailed in France would be extended throughout the
French depender.el( s.

Rente, which rose 21c, for cash, and 1!1.-. f• r
closing at 69f r. 1;;I.c 1.!..,•,
70c., clobing at r.Ofr. 6:;c. Credit ~11,':- r
Mr. 75c. Mobilicr fell :ifr.

The Florence correspondent of t!..- •
that the guildun de all of Cardinal I ' • :•
. ise to many conjt ct tree and suspicions. Jr. • • -
with the death of Count Crivelli, and wit's i:.• -..;
sharp illness of Baron unt will probahly 1 . I •• •
inarkable. "All I can positively tell v... - • -
correspondent, " is that Cardinal trAndrv...ii.l i •••
sider himself altogetlor safe in the ~.1 ~ . •
than two years ago a fri..nd of his, in no • •
the Vatican or with the Jesuits, left N,pl., f, :N•.; -
Italy. When bidding him adieu the vaalinpl .•. i
he meant to pause at ltomn, :.nd on le.ririr
tive reply, endeavoured to dissuade Lim f.....
The very words he used were some tne....1,1, •
pealed to me by the 1 erson to whom the) •:' ••
and they have dwelt in my memory by re.,•,.5, f •
found mistrust they manifested of the u::,..;..1•••• •••
-" • -

A Paris correspondent of a contemporary
writes :—" A rather curious thing took place on
Monday night on the Calais steamer. One of the
passengers jumped overload when within sight of
Calais, and was never seen again. As far as I can
learn, two other pass nigers saw the accident or
rather, I should soy, the est nt—end ran off to the captain
and the steward, but before any steps could be taken the
body had disapreared. It w..s as calm as a millpond, still,
with the steam well up ; a good deal of way was made
before the captain could be called from his cabin or the
stewanl from I.is office; at any rate, the passenger was
lost. No lqge;:e which could have belonged to the poor
man has been di. c,v,:zed, nor are there any traces to show
who he may love b. en. It was no aocident, 118 both a
Vorkahireman and a German were witnesses of the suicide,
which, even had the idea struck them, they were power•
less to prevent."

clients that might be resorted to ia the 11,•1, I
suspicion, proceeding frini s
doubt weight. D'Andrea might have qa: t. ,I t ' .x.•
'Nourri drum le at,rail, fen connaia .Wo •
ware !' he said to his friend, ' you are ill•noo I: .L
will not be safe. If I went there myself I
moat minute precautions. They are : '
that you may not dream of.' Ile noel Set roJg, r
of warning
The sale of M. Brunet's library ' •'
Drouot Iran produced a awn of 301 \ •
Gar!runtaa in two volumes tditiori 1.•... '
3,;50fr. ; and "Le Premier re du .1
dr ~ I • •"
Faix et de Cuerre," a trarFlaion of 1.%!.,•....• •
ol,tion of 1:141, :Lod a hi•ir copy ba•l ti r

The sales of Church property in Sicily are readily
effected on exoelleut terms. The mode of proceeding is
peculiar. The tales are by auction, and when the lots
have been once knocked down they are again put up, after
interval of some Jaye, to see if any one will bid 10 per
cent. more than was given on the former occasion. This
increase obtained, as it seems almost invariably to have
been hitherto in Sicily, there is another pause, sad then,
for the third time, the sortie lots ore pot up, this time
with nu advance of one-sixth on the second price given.
The lots are g. mrally awall, and as the payment is ar-
ranged by easy instalment.—ow-twentieth only being
paid down at the moment of purchase—their acquisition
is rendered possible to person: of very limited means.
The Hon. John A. Logan, Commander-in-Chief of
the army of the United States Republic, has issued •
general order announcing that the 30th of May is named
as the d..y on which the groves of their comrades, who
fell during the war, should be strewn with flowers. He
says that it is his wish to inaugurate this observanoe with
the hope that it willies kept up from year to year, while
• survivor of the war remains.

1., was run up to :,,lasitr.
A curious coau b:,O just been Ce,:id
Supreme Court at New Yu' k. The widow of t a.ar i
man brought a suit for the 10,12.1 of 50 0 ...en •
(toe largest amount sbo could elaM the
against the th fenthmt, whose s rmglnl act are all P., •
have resulttd in htr huabawl's deeuti... '1 he ',wit.;
culty grew out of a difference respect g t r :I.k'
of the terms of a les,e, and the d. f•• in4e3.
taking the case to court, ,ought to t b ain
force. In the ntekr cou..ptent upon h.s
cteedings, one of his woik men disci arg.d a ps3,l
fatal effect at the btrdimul of the Vaintrf, and tb,
who used the pistol was produced by tl e err toe
chief witness in support of her claim Upon kir
erst
n.ony the jury declared in her favour to the f ii..
the law.
The American papers speak of the discover,
R whisky spring, near Nodaway, in ht iatouri. Ti e
flows from ,between two rocks, and look, like Isicb.l
coloured brandy, but it tastes and Full lle like earl:
whisky, and has the same intoxicating tff c-.
paper in which we find an account of the discover/
that " Several lawyers, physicians,
were preparing to go out yesterday morel g to tat
discovery, but the aspect of rain deterred theta,
is to say, they did not wish to mis elver with the"'
whisky. and rer 'the%

Intelligence from Newfoundland just reoeived at
St. John's on the Bth rays that the sea) fishery has been,
on the whole, 'successful up to the Mils ult. Two hundred
and fifty thousand mods bad *MTV. at St. John and Har-
bour Orme.

FOURTH EDITION.

HOUSE OF COMMONS

(THIS DAY.)

ESI'ABLISHED CHURCH OF IRELAND.

In the !louse of Commons this evening,

Nr. II ABBY gave notice of his intention to
moi that the Suspensory Bill relating to the Es-
tablished Church of Ireland be read a second time
that (lay six months. (Cheers.)
MINISTERIAL STATEMENT.

Mr. DISRAELI said that on Monday night the
house came to two very important decisions with
regard to the Scotch Reform Bill. The right hon.
gentleman having stated the circumstances under
which the house had cme to the vote on the
motion of Mr. Bouverie, said it was come
to tinder a misapprehension on the part
of several hon. members. It was expected that the
committee would break up and report after the vote
on the motion of the hon. member for Montrose (Mr.
BaN ter). That was, he believed, the general feeling of
thihouse. The committee had, therefore, come, in
his opinion, to a somewhat precipitate decision.
The vote of the house on the motion of the right
hoe. member for Kilmarnock may have an ulterial
of .da the conduct of those who were re-
sponsible for the conduct of public business.
It was therefore right that the house should know
that the vote, if persisted in, might lead
to important consequences. He accordingly
proposed to move on Monday words to the effect
that 110 person in a Scotch borough should be en-
titled to vote who was not rated to the poor and had
not paid his rates. This would make the Scotch
act consistent with the principle which had been
adopted for England. (Hear, hear.) He should
place the form of words on the table of the
11011. w that evening. (Hear, hear.)
Mr. l'. WYNDHAM said the conduct of the
government was bringing the house into contempt
in the estimation of every intelligent man in the
country. (" Hear, hear," and " oh, oh.")

[Left speaking.)

LAW INTELLIGENCE.-(THIS DAY.)

COURT OF BANKRUPTCY.
(Before Mr. Comminsioner Holroyd.)
IN Kr. Jo'4Blll M'AIASTLN.

bankrupt was a merchant and com.nission agent,
Ist. rd the Cape of hood Hope, since of Easteheap. He
ibra hit failure to large hones from the depreciation
of i•roperty at the Cape, and bad debts. The total
bal.:litre' ate 31,75 W., of which 1.7f,0001. is due to the
di African Mortgage and Investment Company, upon
an in settlement of the affairs of the bun of
r and Crump. The ;wet* are of small amount,
in the deficiency is estimated at upwards of :3,000/.
Th nall au adjourned sitting fur examination and dia.
,argiesl, for the assignees, stated that a protracted
in Iry had been necessary as to the bankrupt's position
I,si:t, by reason of the creation of some
the bi :it that tinie. Various accounts had been ren-
d. but they were not satisfactory, and a further
, tin.ent was asked.
Al• y, on behalf of the bankrupt, resisted the
31.1.'1...(101, The case had been upwards of 12
Irian the court, and there had been emple
• • t for investigation. When the batik-
rai.•earned from the Cape be had left a flourish-
in the bands of his son and partner, and
h. ••I r•.. ry reason to believe himself independent.
is , -..• in ch urges in the affairs of the colony, the property
Aerinusly depreciated, and the result was the
la. • ,•••t t•i the South African Company above stated.
.1., the official assignee, having expressed an
ei• - • • tie• accounts were sufficient,
• r referred the whole question to the decision
ul ~1:. . irds, and adjourned the sitting for that pur-

IS nt: inK1,1:1‘1( GnAl.
upt was described as a shipping agent and
rchant, late of Tower-hill and King William-
I. ; doubtful debts, 2,10.
and Mr. Miller appeared in the ow.
:•rr.. ,ged that the bankrupt should pass his (MR-
t,. .n, :red LILA tke sitting for discharge should be

THE

LONDON, BRIGHTON, AND SOUTH COAST
RAILWAY.-{THIS DAY.)

A special pined meeting of the oompany was
held at 1 o'clock at the International Hotel, London-
bridge, for the purpose of submitting to the proprietors
certain bills now pending in parliament. The chair was
taken by Mr. LAING, ICI'.
The first bill was one authorising the company to aban-
don certain writs, and for other purposes, one of these
purposes being to confirm an agreement for sub
mission to arbitration of the company's differences
with the Surrey and Sussex Junction Railway Company.
The second bill was one for establishing a working union
of the South Eastern and London and Brighton Companies,
for confirming an agreement between them, and authoris-
ing the admission of the Loudon, Chatham, and Dover
Railway Company into • union, and for other purposes.
The SOLICITOR having read the heads of the bine.
The CHAIRMAN moved a resolution approving or
the first bill. In doing so be contradicted
a rumour that one object of the board was
to establish extravagant fares, the real object being, he
sail, to avoid competitive fares, which had gene below the
standard of other railway companies. (Hear, bear) All
that parliament was asked to do was to authorise •
moderate tariff. The remaining liabilities were esti-
mated at 700,000/. Ile had no doubt the House
of Lords would sanction the raising of one-third of what
was required by debentures, but to provide for the con-
trary case power was sought to raise 1,000,01 W. in ordi-
nary stock. All parties were greatly indebted to the Duke
of Richmond for accepting the office of arbitrator between
that company and the Surrey and Sussex company, and he
believed that the arbitration would prevent litigation,
and lead to a more economical settlement of liabilities
than would otherwise be possible.
The resolution having been seconded,
Mr. Sterns moved an amendment for the omission of
the clauses authorising the raising of additional capitil,
which, he contended, was quite unnecessary. He referred
to the last report to show that there were assets enough
to meet all pressing liabilities within forty or fifty
thousand pounds, and deprecated the placing in the hands
of the directors power to issue au enormous amount of
stock. He also argued that the late directors were still
liable for mat-administration ; and expressed a hope that
the board would not on that occasion use any proxies.
adding that the House of Lords had shown its feeling
en that subject by nirking • standing order to the
effect that proxies should be sent out in blank—
that is, with no addition beyond simple instructions as to
the proper mode of filling up the paper.
Mr. ADAMM, in seconding the amendment, accused the
directors of having evaded the standing order of the House
of Lords by the manner in which they had issued the
proxies. Like the preceding speaker he strongly con-
demned the proposed powers for the raising of capital.
Mr. Curve Le.o(:t: considered it a great disadvantage to
the credit of the company to have the word " discount"
inserted in the bill. (Hear, hear.) In his opinion there
ought to be no power to issue stock at a discount.
Mr. DEAN thought that before the bill was sanctioned it
should be ascertained what was the value of the assets.
In his opinion, the company was not now in such a posi-
tion as to be compelled to issue stock at a ruinous dis-
count. (Cheers.)
Mr. Flusirrwoi.n Wnusos also protested against the issue
of more capital. He believed the shares of that company
would soon be at par. (Laughter.)
,Ir. Couex accused the directors of having allotted
surplus shares to themselves in order to obtain the pre-
mium.

fheCHAIRMAN indignantly contradicted thin statement.
Then was only ."0,0001. stock to be disposed of, and it
was allotted pro rata to shareholders who had offered to
take it for better or worse, in an order of priority following
the dates of the applications. He also denied that
there were assets to meet the liabilities. If the lines were
abandoned, the liabilities would be 800,0001. • if they
were constructed, the amount would be 2,000,007. That
was Lot the time to decide whether or not the stock should
be issued at a discount, or precisely how the money should
be raised ; that must depend on the state of things at the
moment. As regarded the proxies, he considered it his
duty to give absent proprietors a fair chance of expressing
their views.