The Sun.
London, England, 1852-12-30 00:00:00

EGYPT.

ALEXANDRIA, DEC. 20.—His Highness Abbas
Pasha has left Cairo for Benha, a town on the
Damietta branch of the Nile, for change of air,
and to expedite the railway works, for the comple-
tion of which he shows great solicitude. The ma-
terials for the railroad are arriving fast from Glas-
gow, and they are forwarded to the several parts
of the country without delay, so that within two
years of this time the line between Alexandria and
Cairo will be completed.
The best understanding continues to prevail be-
tween Abbas Pasha and the Sultan, and the latter
has every reason to be satisfied with the Viceroy's
servility. Abbas Pasha has to pay 6 per cent. in-
terest on the loan of 285,0001. he has effected in
England to accommodate the Sultan, who will have
no scruple in not refunding him the interest, and
Abbas Pasha will not think of pressing his Imperial
Highness for it.
Prices of produce are rising very fast, and wheat
is worth 355. per quarter, without freight. Ship-
ping is much wanted, and freights are at Bs. 6c1..
per quarter.
Notwithstanding the recent large importations
of specie, the exchange on London keeps at 98i
piastres per pound sterling.

[PRICE 5D .

street wider, straighter, and better than the street which
they contemplated, and on .the upper instead of the
lower level, they might permit them to take the property
that was voted by Parliament to carry out the lesser
improvement, and apply it in aid of the more extensive
improvements contemplated by that company. (Hear,
hear.) If they left -the street commissioners to proceed
by themselves, they would only effect imperfect im-
provements at a great expense ; but if they and the
company combined together, the benefits resulting would
be more than sufficient to countervail the expense.
(Hear.) To get rid of the present difficulty the directors
might enter into an arrangement with some large con-
tractor to execute the work on the condition that he
should be paid olie-half in money and one-half in shares.
It was true that by a contract entered into in that way
they ,would not have the same advantages they would pos-
sess if different contractors were to compete for the work,
and the question they had to consider was the balance of
advantages in each case. If those who had taken 500
shares would take 1,000, and if the directors, who
said they would dispose of 100,000 shares, agreed to dis-
pose of 200,000, they would be able to dispense with the
assistance of a contractor ; but the time was very short ;
they were within two days of the 31st, and the deed
should be deposited on that day. (Hear, hear.) He
had given an explanation of the project to Baron Roths-
child, and also to Lord John Russell, who had devoted
two hours of his valuable time to hear his statement, and
though it would be improper to ask the noble lord to
leave higher pursuits to attend there, he had his autho-
rity to say that, believing the undertaking would be
beneficial to his constituents, he wished it success. He
was asked, if the great railway companies did.not concur
with them, whence was the profit to be derived ? Look-
ing.to this railroad, ig,the absence of the Ancurrence of
the great railway campanies, except the Great Northern,
he would consider what would be the extent of the re-
turns from it. They should recollect that the arrange-
ment with the Great Northern was, that they were to
have the exclusive use, for short passengers, of their line
as far as Potter's-bar, for the running of their trains,
and, in exchange for that, they were to give them the
exclusive use of one set of rails, and a station in Far-
ringdon-street, for their long passengers—he meant those
who came from the distant provinces. His convic-
tion was, that if .they made a great iron highway into
the centre of the metropolis, with cheap, frequent,
and punctual trains—trains that would go every
quarter of an hour both ways, or sixty trains
each day, at a penny per mile for first class, and
a halfpenny per mile for second class, to begin
with, and when the shareholders should have paid up
ten per cent., at one halfpenny per mile for first class,
and a farthing per passenger per mile for the second class,
they would attract an extraordinary amount of passen-
gers. (Hear, hear, hear.) His object was to have a
railway that would bring persons into the metropolis in
the morning and take them out in the evening. A mi-
gratory population of that kind travelled more than any
other class of the community. Assuming that 10,000
persons should be the number who travelled by their line
each day—and he was satisfied that out of 200,000 per-
sons who now came in and went out of the city each day
a greater number would travel by their line than the
number he had stated—but assuming the number to be
10,000, that would yield a clear revenue of 600,000/.
And supposing that he even struck off one-half, it would
still leave to them 5 or 6 per cent. on the capital em-
ployed, and he was satisfied that in the course of some
years the revenue would be so enormous that it would be
sufficient to make great improvements in the metropolis.
He was satisfied that in three years they would have
30,000 persons coming in and going out of London each
day, but if they had only 10,000 passengers they would
yield a remuneration of. 10 per cent. for the capital ex-
pended on the accomplishment of the work. If they
could not carry out the project at present, they would
return every gentleman his money on the 7th of
January ; and then they would have to consider what
course they would take with regard to it next year.
If gentlemen should wish to proceed next year, it was
desirable that they should leave half-a-crown each in the
treasurer's hands for the disbursement of expenses. If
the directors could not at present effect the object, they
would call tTe shareholders together early in January ;
they would'iilace before them a plan for futifie proceed-
ings, and each gentleman would be at liberty to take
the whole of the money, or leave the halfbrown, just as
he desired. (Hear, hear.)
Baron ROTHSCHILD, M.P., had derived not only plea-
sure, but instruction, from listenining to the statement
of Mr. Pearson. It was only by heitingilike explana-
tion that a person could really understand the magnitude
of his project, and the great benefit, tbat_might be de-
rived from it. He had "acted as trustee, thinking it to
be his duty, as 14005 f :their representatives, to see that
so important a pThject should be carried out, but he had

not taken any part in it financially, because it was a rule
with their house to carry through whatever they under-
took, and this being a project of great magnitude con-
nected with the city of London, it was not one to be
taken up by any person at the head of a large establish-
ment like himself. He was, however, aware of the
great good it would do, and if he could assist this great
undertaking he should be most happy and only think
it his duty to do so. Whatever decision the company
might come to, he, as their trustee, would be bound to
attend to it, and he hoped that they would in some way
be guided by the very honest and enlightened views of
the gentleman who had just addressed them. He was
quite sure that every word he said in regard to the pro-
fitable returns of the undertaking, and to the good that
was to be derived from it, he sincerely believed, and
and thought he had no other motive in bringing it for-
ward but that of doing good. ,
Sir J. DUKE was sorry the subscriptions were not so
large as bad been expected, but the love of gold and
other schemes no doubt, as was stated, occupied public
attention. He trusted, however, that the public would
come forward and enable them to do what Mr. Pearson
anticipated.
On the motion of Mr. GODDART, seconded by Mr.
WILLIAMS, the following resolution was passed unani-
mously :—" That this meeting repose full confidence in
the board of directors of the City Terminus Company,
and, having heard the report, are of opinion that the
propriety of their adopting the measures suggested
therein may be properly left to their decision ; and, in
the event of their not being able to effect arrangements
to their satisfaction in time to make the requisite depo-
sits, this meeting are of opinion that a meeting should
be called by the directors on an early day in the month
of January, to bring before them a detailed proposal for
their future proceedings."
' A vote of thanks was passed to Mr. Pearson, and the
meeting separated.

NAVAL INTELLIGENCE.

PORTSMOUTH, DEC. 29.

Termagant, 24, screw-frigate, Captain Gifford, is lying
at the Jetty, and very busy, landing guns, shot, and
stores.

The. Russian 50-gun frigate Pallas hauled off to her
hulk this morning.
Simoom, 18, iron screw steam-troop-ship, Captain
Kingcome, is in the steam-basin, landing machinery for
the screw line-of-battle ship Duke of Wellington.
London, 92, Captain Munday, is in the angle dock.
She has had her bottom cleaned, and presents
to the eye one of the finest specimens of naval
architecture ; such a combination of power and sym-
metry rarely falls to our lot to witness. She is sister
ship to the Rodney and Nile, and built from the
design of Sir Robert Seppings. She is truly a " model
ship." . _

Foul weather set in again this morning, and it has
been blowing hard from the southward the whole day.
The ships of war at Spithead have struck topgallantmasts
and made all snug for the night. Wind,. south, and
looking very wild.
The foremast of the wrecked Flower of Ugie, Captain
Mather, still remains above water to the, eastward of
Southsea Castle. Such weather as we have had to-day
must soon break her up, for she is rolling about fear-
fully, with a tremendous sea on.
There are nearly a hundred merchant vessels at the
Mother-bank, weather-bound.

Lloyd's agents at this port need not care twopence
about the "gold diggings" of Australia.

PLYMOUTH, DEC. 28.
Dido, 18, Captain W. H. A. Morshead, was towed
out of harbour to-day by the Confiance, steam-tug. She
is expected to sail again for the Pacific about the sth or
6th of next month.

Hogue, 58, screw steam-guard-ship, Captain Ramsay,
has been removed to moorings above Torpoint this day.
About 30 convicts have been brought in from Dart-
moor, and embarked on board the Edward, convict-ship,
this afternoon. She now awaits her sailing orders.
Valorous, steam-frigate, will be taken into No. 5 Dock
to-morrow morning, to lighten and clean her bottom ;
and the Nile,. 92, will be floated the same tide into No. 4
Dock, and placed close to the head of the dock, in order
to lengthen her stern.
The William Metcalf, timber-ship, has been got off
with assistance from the dockyard, without injury.
Several barques have been driven on shore and some
sunk above New Passage, but no lives lost. The Earl
of Mount Edgecombe is amongst the sufferers ; one of
his largest boats, propelled by wheels, broke adrift from
her moorings, and became a total wreck.

SHEERNESS, DEC. 29.

Her Majesty's screw steam line-of-battle ship Aga-
memnon, of 91 guns, Captain Sir Thomas Maitland, was
warped out of the fitting basin yesterday at noon, and
moored at her harbour moorings for completing her
armament and stores. On leaving the basin her draught
was—forward 20 feet, and aft 21 feet 2 inches. This
magnificent ship had only 10 inches spare room on each
side in passing through the basin entrance. Active pre-
parations are being made to enable her to receive her
complete armament and stores. Previous to leaving the
basin her steam was got up and engines tried for some
time. One of the large mooring bollards by which she
was secured in the basin was, during the gale, started
from the immense iron framing in which it was fixed,
and partially upset.
Her Majesty's vessel Rattlesnake was commissioned
yesterday by Commander Henry Trollope. The Pay-
master, Mr. S. S. Spark, also took up his commission
yesterday.
Her Majesty's screw steam guard-ship, Horatio, of 24
guns, Captain the Hon. S. Carnegie, was yesterday
transported from her berth taken up after parting from
her moorings formerly occupied by her Majesty's ship
Wellington, where she will remain until the defective
moorings have been repaired, when she will again take
her harbour moorings.

WOOLWICH, DEC. 29.

It is now certain that Vice-Admiral Hyde Parker,
C. 8., and Captain Alexander Milne, Lords Commissioners
of the Admiralty under the Earl of Derby's Administra-
tion, have been appointed to fill the same offices in the
Earl of Aberdeen's Administration. The reappointment
of these experienced naval officers to be Lords Commis-
sioners of the Admiralty has given great satisfaction to
the service, as they will be better able to judge the
merits of the cases which have already been before the
Board than could have been expected by an entirely new
Board, or even the members of a previous Board, when
several months have elapsed since they held office. The
re-appointment of Captain Alexander Milne under the
former Administration was considered highly advanta-
geous, and the re-appointment of Vice-Admiral Hyde
Parker and the Junior Naval Lord on the present oc-
casion is considered of still greater advantage.
The Imperieuse, 50, screw steam-frigate, Captain
Rundle Burges Watson, C. 8., will be, ready to go out
of dock on Saturday, January 1, 1453; and will be
taken out on that day, $ or on Monday 'next, accord-
ing as the tide rises sufficiently for the purpose.
The following lieutenants, appointed to the Impe-
riettos,, have taken ?lip their commissions ,and
joined at Woolwich :—Fint-Lieutenant M'Leod Baynes
Cockcraft (1844), recently First-Lieutenant of the Spite-
ful abeam sloop on the Mcditerrancan station ; Lieut.
Wm. Phipps (1846), recently serving in the Indefatig-
able, 50, on particular service ; Lieut. Henry J. Blom-
field (1847) ; Lieut. Thomas M. S. Pasley (1850), from
the Victory flag-ship at Portsmouth ; and Lieut. Vis-
count Gilford (1852), recently promoted from Mate of
the Royal Victoria and Albert steam-yacht ; Boatswain
Philip Blackwell is appointed to this vessel, vice Lang-
ley, superseded, being a boatswain of the first class.
The Firebrand, steam-frigate, Captain Hyde Parker,
has been very successful in nearly completing her crew,
being only a few able seamen short, and hias had
ample choice for all other classes. The crew is at
present accommodated on board the Hecate, steam-
sloop, in the inner basin, and there being so much work
to do on board the Firebrand, it is expected the officers
and crew will be turned over to the Terrible, as
she will be ready several weeks before the Firebrand,
and it is desirable that that powerful steamer should
join the Channel squadron as early as possible. Captain
Hyde Parker would have no difficulty in completing his
crew up to the number required for the Terrible long
previous to her being ready for service.
The Resistance troop-ship, Master Commander Brad-
shaw, has nearly completed a thorough refit at this dock-
yard, and will soon be ready for the conveyance of troops.
Boatswain Turner has been appointed to her, and joined
the vessel.

Sergeant Avery, of the Chatham division of Royal
Marines, has been appointed Schoolmaster Sergeant to
the Woolwich division, vice Schoolmaster Sergeant J.
A. Bute, retired from the service.
CONVICTS FOR WESTERN AUSTRALIA.—The Pyrenees
convict-ship, Surgeon Superintendent Bowyer, embarked
55 male convicts from the Warrior convict-ship at Wool-
wich dockyard, and 35 male convicts from the Defence
convict-ship at the Royal Arsenal, for conveyance to
Western Australia, and went down the river the same
day on her voyage.

THE MEDITERRANEAN.

MALTA, DEC. 24.

We have no news of the fleet since our last issue.
There is a report indeed that the Albion, which vessel
lost her topmast and sails during the gale by which the
fleet was surprised, may come up to replace them. Cer-
tain it is that the dockyard employes are engaged in pro-
viding new ones, and equally certain it is, if very current
report is to be depended upon, that owing to a want of
spars of sufficient size two that have already been con-
demned are being made ready for the occasion : a pretty
substitute truly, and one showing how the Government
money is expended.
Nor is this the only matter to be complained of.
There is not enough copper in the store to be available
in case of necessity, the greater portion having been em-
ployed in new-coppering the Shearwater, which vessel,
as is very well known, is not worth one-half the amount
expended upon her.
The arrivals of the various packets due form the only
items of naval intelligence, viz., Medina, from Corfu,
and Triton, from Alexandria, with their several mails.

THE NEw ELECTRIC WIRES.—For the last few days, a
number of men connected with the Electric Telegraph
Company's works have been laying down the new elec-
tric wires through Westminster, the Strand, and the
curb-way in Fleet-street, Ludgate-hill, St. Paul's
Churchyard, and Cheapside, to the General Post-office,
St. Martin's-le-Grand. The new wires are 25 in num-
ber, forming the appearance of an open cable, and are
not only galvanised over, but coated in gutta percha,
and covered over with saturated tar tape, which pre-
vents the slightest atmospheric or damp attraction. These
wires pass through the iron pipes or tubes which were
laid down a few months ago, so that they are completely
protected from any injury. This new system is now
being generally adopted by the company, and the wires
are now being established from nearly one end of the
country to the other by the facilities afforded by the rail-
way lines. Shortly, the submarine telegraph
from
Lymington to her Majesty's residence at Osborne, Isle
of Wight, will be completed, so that dispatches can be
sent off by Ministers to the Queen at all times, night or
day.

A FAMILY OF COINERS.—A few days ago information
was communicated to the authorities at the Mint that
there was a manufactory of counterfeit coin in an ex-
tensive way of business at No. 32, Clerkenwell-green.
Information Was forwarded to Inspector Brennan, an
active and intelligent officer of the G division, frequently
engaged in the apprehension of coiners, and he was
directed to take the persons into custody. He made
the necessary arrangements. and upon instituting in-
quiries, ascertained that a man named Joseph Munns,
with his wife, son, and daughter, occupied a room on
the third floor, where they were carrying on, in a whole-
sale way, the manufacture of base coin. He obtained
the assistance of Sergeant Maskell, and Evans and
Nevelle, constables of the G division, who succeeded in
capturing the whole of the family, with the materials
and apparatus they were using. The officers proceeded
to the room the day before Christmas-day. They found
the door fastened. This was soon demolished, and an
entrance obtained. Upon getting into the room Munns,
who had a mould in his hand, immediately tried to
destroy it. The mother and her children also began to
destroy other moulds, but they were promptly seized.
A struggle ensued, in the course of which the officers

had their clothes torn. There was a large fire in the
room, on which was a crucible, with the materials for
the manufacture of base coin. There was also a galvanic
battery ready for immediate operation, with some moulds
for ,the manufacture of counterfeit shillings and six-
pences, of which there is no doubt a large quantity have
been issued from this manufactory. The family are now
safely lodged in the House of Detention.