The Express.
London, England, 1861-08-29 00:00:00

(Stamped, id. Additional.) [TWOPENt E

of dolma. Mood cheers.) Gentlemen, there are
two securities for pesos the one is in per-
fect insignificanoe ; the other is in • state
of perfect power for defence. (Cheers.) The security which
arises from insignificance England will of course neverenjoy.
(Laughter, and cheers.) The security which arises from a
state of perfect defence, unconnected with any notions of
aggression, not employed hastily against any one,
but continued solely and mainly with a determination to
defend and maintain what we have—that security I trust
this country will long continue to hold, and so far from
that being a reason why tho most friendly relations
should not be maintain.l with every foreign power in
the world in my opinion, on the contrary, it is the only true
stable, and secure foundation on which those friendly rela-
tions and peace can for any length of time be main-
tained. I beg to return you, Mr. Mayor, my lord and
gentlemen, my most heartfelt thanks fer the honour you have
done me, and to assure you that I shall ever consider this
day, which has now drawn to a close, one of the proudest
in the whole course of my life. (Loud cheers.)
"The House of Lords," to which the Hon.
G. WALDEGRAVE replied; "The Horse of Commons,"
"The Mayor," proposed by Lord PALMER Brow, and several
other toasts, including "The Ladies," were given, and
warmly responded to before the company broke up, shortly
before ten o'olock.

The town in many parte was brilliantly illuminated, and
all the main streets were thronged by people.
By the excellence of the rurangementa on the South
Eastern Railway the whole of the immense additional pas-
senger tratbc wu conducted without any confusion or
mishap whatever—a reenit owing greatly to the untiring
exertions of Mr. Eborall, the traffic manager, and Mr.
Knight, one of the superintendents of the line.

THE DISCOVERY OF OIL SPRINGS IN AMERICA.

Numerous alvicea appear to confirm the great
value of the oil springs lately discovered in the United
States and Canada. The question as to the duration of their
yield remains to be settled, bat it seems probable that
owing to the extent of the regions in which they are found,
the supply will lust many years, and that • proper organi-
sation of railway facilities will alone be needed to cause
the production to be amongst the moat important in',
modern commerce. In the United States the prin.
doll deposits are understood to be close tot sta-
tion on a new railway—the Atlantic and Great Western
—which will render their conveyance to New York
comparatively inexpensive. In Canada they are about 12
miles from the Wyoming Station of the Great Western of
Canada Railway, and some arrangements will be necessary
for the transit over that distance, the existing roads being
of the worst description. At the site of the principal well.
the ground was two years ago covered by an almost un.
broken forest. Now there is a resident and constantly
iucreasing population of upwards of 500. During last
winter the coaches took an average of 50 people daily to
the spot from Wyoming, and many bought land and re-
' mained. There are several inns filled to overflowing.
Two good hotels are iu course of erection. Houses and
shanties are rising ou all aides, and the greatest activity is
everywhere apparent. At present there are about 100 well.
iu fiill operation, all yielding otl. The laud is held in large
blocks, the owner leasing acres and half acres fur 99 years.
The terms ustudlyare 300 dole. for the privilege and one-third
of the oil drawn from the wells. The wells are sunk and
cribbed to • depth of from SO to 60 feet till the ruck is
numbed. In many cases surface oil is found before reaching
the reek, but it is of rather inferior quality and doubtful
yield. After arriving at the reek, the wells through the
with being from 4 to 7 feet square, they drill to a depth of
from 40 to 70 feet, between which distances oil is almost
sure to be discovered. Wooden tanks varying from 500 to
2,000 gallons capacity, are constructed! close to each welL
The oil is pumped into there, and afterwards drawn off
into barrels to he sent to market. The cost of a well is
very small. Pattie* are in the district making contracts for
sinsiug wells. Their charge is for sinking through the
earth 24 dole. per foot, and for drilling through the rock 2i
dole. per foot. A well after being commenced lineally
?)leliiitsunct! is than
teak fol liggdys. At t
ons eh,eseadrices.
pumapwll can
all
aecesaary appliances provided for a CUM equal to about 101. W.
sterling. When oil is found one man at 4a. • day can
readily pump 100 burials, or 4,000 gallons • day. The cost
of the oil, including every expense, and caleehoing the re.
imbareement of every outlay incurred in one year, and aleo
calculating • yield of 15 barrels, or 600 gallons, a day, ie. it
is alleged, absolutely lees than • halfpenny starling • gallon
delivered Into the tank alongside the well.