The Sun.
London, England, 1852-03-24 00:00:00

14NCHESTlitt, 'MARCH 23.

STOCK EXCHANGI.—The share market remains not only
extremely firm, but there is a decided tendency upwards.
The transactions, to -day were as follow : Birkenhead,
Lancashire, arid Cheshire, 111/2 dis.—Ditto, 201. Shares, 634
dis.—Caledonian, Preference, 81/2—Chester and Holyhead,
Preference, guaranteed 51,4 per cent., 17-14—East Anglian,
Preference, 6 per cent, 3 3-16—Eastern Counties, 91.5—East
Lancashire, Preference, Fifths, 3-16 p.—Lancashire and York-
shire, 731/2 c. London and North- Western, 124—Ditto, New
Quarters, 5 LA:. p.--3/lanchester, Bu.xton' Matlock, and Mid-
land, 214_ Manchester, Sheffield, andLincolnshire, 34%—
Ditto, 101. Preference, 12 —Midland, 64%—South-Eastern
and Dover; 21 11-16.
BIRMINGHAM, MAtica 23.
STOCK EXCHANGE.—The improvement which has mani•
fested itself in the share paarket for.the last few days was
well supported on the opening of 'Change this morning, but
the amount of business done was limited. The only transac-
tions reported were—Shrewsbary and Birmingham (A), 7%
—Ditto (B), 514.

very small powerful waistcoat
newly-invented,valuable,
by which a person can be
he size of a walnut,
pocket glass, Is EMENT.--.T. he Royal Exhibition.—A
seen and known
at the Opera-houses; country scenery
the Race-COurse,
12 to 14 miles; they are invaluable
clearly seen at
and ships are
[ADvERT t
Ito Sportsmen,
11 miles distant ; they answer every purpose
ht.
stalking, yac mg'
and Tourists.--To be had at Messrs.
39, Albemarle-street, Picca-
dilly, and B. Solomons, Opticians,
ns,
Telescopes—A new and most
dilly, opposite the York-hotel.
fGorentslheomoetnin,gdam.
possessing such extra-
important, invention' in Telescopes,
Inches, with an extra eye piece,
ordinary powers, that.somer3i
Saturn's Ring, and the
will show distinctly, Jupiter's MoonS,
deekeerepers, .
Double Stars. With the same Telescope,
larger all
weighing only three
1 miles distant,
ounces, can' be seen a person's countenance
3
and an object from 16 to 20 miles. They supersede every
'other kind for the waisteOat-poeket,and a re of
sizes, witlk increasing powers accordingly.. Opera and,
Race-
course glaws; with. *vrenderlul powers; an object can be
clearly seen froin 14 to 16 miles distant. Messrs. S. and R.
Solornoatt, 'Opticiths; ' havif invented invaluable preserving
Spectacle Lenses, <itamediately they are placed before imper,
feet voion,. every object appears clear and distinct, the most
fresds.al....l3k9i7dAs
lobfeArincoanriset..i 73tirnesettr,umpieenetasdfiollry,reoli:.f
aged defective saght•becomes bright and brilliant, is brought to
its youthful, natural, and original ,state. - The Invisible Or-
ganico
of extreme Vib a
tclera'
posite the York 'Hotel. "
THE GLASGOW AND tDINGOURGEI, AND SCOTTISH
CENTRAL ItAtt,wAys.—Tha Edinburgh and Glasgow and
Scottish' Central Railways have concluded a working ar-
rangement which will mot only be beneficial to both com-
panies in an economical point of view, but greatly promote
the convenience of the public. Hitherto passengers from
Edinburgh and Glasgow have'.been obliged to stop at Green-
hill Junction and be taken up by the Scottish Central en-
gine. Considerable delay Was frequently the result. No in-
convenience of this kind will occur in future. It is now
arranged. that the engines of the Edinburgh and Glasgow
of the Central upon the Edinburgh and Glass
line are to run upon the Scottish Central as far as Stirling,
far as these two cities.- Glasgow Constitutional,
g
and engines
owtlliineeas

I''TAVALIMATES.
TO THE EDITOR OF THE TIMES.
Sir,—May I request that you will be good enough to
publish the following explanation of my remarks on the
Naval Estimates, part of which you have in your co-
lumns or to-day.
_ _ .

1. I distinctly followed your advice,
given in your
article of a few weeks since; that is, I attacked the
items called " wages to artificers" and materials for ship-
building. These together account for nearly 1,500,0001.
I contended, and contend, that that amount ought to give
us many more line-of-battle ships than we possess. At
the rate of 1,0001. a gun, we ought to have for our money
ten ships a year at the least; and as these ought to last,
with care, in time of peace 40 years, we ought now to
possess, after 37 years of peace, 370 such ships. In
point of fact we have nothing like this number. Where
has the money gone to? One ortion has gone in
p
building ships, and the other in destroying them, and
henco " the beggarly account of empty"
have to deplore. The dockyards are the huge vortex
into which the public resources have been poured and
waited. hulks we now

2. I contended that our expenditure for 40,000 men
ought to be 2,000,0001. at the outside, on the ground
that able seamen can be obtained for 11. a week to find
themselves. Our payment for wages, victuals, half-pay,
and military pensions and allowances
is 3,173,6851. The
above sum of 2,000,0001., in addition to 1,000,000/ de-
voted to ship-building, and a margin of 1,000,0001, for
pay of officers (who are placed on balf.pay too soon) and
sundries, would make 4,000,000/, in all
—a sum ample
for the naval defence of the nation on the supposition
that we keep the bulk of our force at home, and send
steam fleets to points where their presence is wanted.
Now, our actual cost this year will be 5, 600,0001. and
more. My proposal would; therefore, save over a mil-
lion and a half a year, which might, be applied to liqui-
date debt.

3. I pointed out the inadequate defence of the arsenal
at Plymouth, showing that our expensive fortifications
may be easily " turned" from the land side south of the
dockyard.
4. I showed that Keyhana
was the wrong place for
steam docks, which should have been at Mill-bay,
where nature had made a splendid basin, now used for
mercantile purposes, and in the course of being partially
filled in to wake a kind of wharf in fact, a stranger,
watching what goes on at Plymouth, would say, "These
people are insane. Here is human labour employed in
digging out one leviathan dock and filling up another,
while mud is thrown into the entrance of the harbour,
and ships pulled to pieces as fist as they can be built."
It may now be too late but,
if so, and if the dock betoabnisoluntdellyheanKrimi"mmedciaasteely ne-
cessary, why do the Admiralty Only
ask for 40.0001. firthis year's expenditure on that work ? The whole es-
timate was 1,225.0001., of which the amount already
voted has been 833,0004, and the further estimate is
352,0001. before the work can be completed. Conse-
quently many years will elapse before the " job' will
be done, if we only spend 40 0001. a 'ear on it ; and
before the happy period arrives we may find out we
could have dispensed with our labour altogether.
5. Inquired of the Admiralty whether in future it
was intended to re-commission ships
"all standing,"
that is, when in a state of highest efficiency, when a
practised and thoroughly-disciplined crew is on board of
each ship, and when " things have shaken well to-
gether" alter three years experience, or whether they
meant to dismantle each craft entirely on coming home,
hewing, hacking, and destroying materials to save time
and show "smartness" in the art of pulling to pieces,
and sending the men about their business—in other
words, to be plundered by sharpers of both sexes who
await the unhappy seaman on the shore of his grateful
country. The reply of the Secretary of the Admiralty
WAS satisfactory.

Trusting that, as my remarks were made in the capa-
city of a fellow-labourer of your own, attacking waste-
ful expenditure, you will make that clear which the
very different reports of the morning papers have made
unintelligible,
I have the honour to be, Sir,
Your obedient servant,
J. S. TRELAWNY.

London, March 23.

FATAL RAILWAY ACCIDENT.—An accident, which
resulted fatally, occurred yesterday on the Brighton,o
Chi-
chester, and Portsmouth Railway. As the 2
proceeding from Brighton to Portsmouth, the train was
driver,
leaving a curve just beyond the Angmering on
station
short distance before him, and near the Ruslington station, saw, a
Brook-
crossing crossing (occupation road), an old man trudging towards the
Littlehampton station, on the six-feet space between the up
and down trains. He immediately used the steam-whistle,
and finding that no notice was taken of the sound, he con-
tinued to use it, at the same time having all the breaks on
the train put on, in order to avoid, if possible, the danger
which appeared imminent. The man turned out to be an
aged agricultural labourer, 74 years of age, Scott by
name.
Being very deaf, he did not hear the whistle, and it would
seem that his attention was attracted to some boys, who
were playing by the side of the railway southward, for just
before the train reached him he stepped from the six-foot
middle space to the down line, and was immediately knocked
down by the engine. As soon as possible, the driver
" brought up." It was then found that one arm and one
leg had been completely severed from the body, and the foot
was so firmly wedged into the side of the " metal," at the
Ruslington Brook-crossing, that it could not be removed
without the aid of a crowbar. The poor fellow was of course
killed on the spot.
ROCHESTER CATHEDRAL GRAMMAR SCHOOL.—
The Rev. R. Whiston has been officially informed that the
hearing of his appeal against the Dean and Chapter of Ro.
chester is fixed for Monday, the sth of April, at cloven
o'clock, in Doctors' Commons.