The Sun.
London, England, 1864-08-03 00:00:00

Name, Tonnage. Where Built. Lloyd Class at
's.
Ade.aide
Beaumaris Castle 1,040 Glasgow l2 A 1
8e1gravia........ 889 Sunderland
Canning
Clyde 1,151 G1a5g0w...... 13 A I
Chatham 530 Hull l2 A 1
Colgrain ..
Dartmouth
Fairlie
Fire Queen 784 Troon 13 A 1
Harkaway
King Lear ...... 1,970 Boston
Merchantman.... 1,015 Sunderland
Mount Stuart El-
phinstone 6ll Bombay A 1 Red.
Peeress 777 Sunderland .. 10 A 1
Silver Eagle
Star of India .... 1,045 Dundee
Tyburnia 1,027 G1a5g0w...... 14 A 1
16,623 tons.

The Graving Docks are freehold, with a frontage to the
River Thames. The Docks are constructed to receive ships
and steamers of 2,500 tons, and are provided with all the ne-
cessary workshops and accessories for first-class Dry Docks,
so as to enable them to keep up the high character they have
ever possessed ; the Company will, therefore, have at com-
mand the means of economically and promptly keeping their
ships in efficient order ; by so doing a great saving is effected,
which forms a considerable item of profit.
When free from use by the Company's vessels, it is in-
tended that the Graving Dock shall, as hitherto, be em-
ployed in the repair of other vessels ; andhaving in view the
very limited Dry Dock accommodatiJn in the Thames, com-
pared with the extent of tonnage that frequents the Port of
London, and the constant and pressing demand for docks of
this magnitude, it is confidently anticipated that this branch
of the Company's operations will con inue to yield its very
large revenue, while the property will be found yearly in-
creasing in value.
The terms upon which the whole of the fleet of Vessels,
Graving Docks and Plant, are to b 3 taken by the Company
are most fair and liberal, and in perfect harmony with the
high reputation of the Vendors, they having agreed to the
whole being taken at a valuation, to be made by four compe-
tent Surveyors, two of which will be nominated by Messrs.
Somes Brothers and two by the Company, with an umpire in
the usual way. The goodwill has been fixed at a very mode-
rate price, and which will include all the accruing freights on
the ships, work in the yards, &c.
By this arrangement the Company confidently anticipate
that they will be in a position to declare large dividends, so
that the Directors feel that applicants, instead of applying
for shares in a new undertaking, will rather be admitted as
partners in one of the oldest, most lucrative, and valuable
concerns in London, and which has the immense advantage
of being in full operation.
Board,Mfleexdspesrnearc.i:
influenceSninoemethaeresidußnrdothers have both taken seats at the
thereby securing to the Company their great practi-
calcon
capital. rtainn ;gtbliyeysuhbas‘c'erifbuirutgh erzusoh,oo‘6vonorfiitehier
phlo'ofuyheeosfaitbahlteeeracrnuodniptaenive staff of officials will remain in the em-
yb,ystohtehtartatnhsefer. business will not suffer an
Applications for the remaining shares must be made in the
form annexed, and be accompanied by a a ment or £1 per
share ; if no allotment ben made,llo
tm
forth w '
theith • if a less number be allottedthan appisl ied for,
oa
application
w the amountp y will be returned
payment amount p
of thaei on
due
ueallotment, the
beth a e
balancelied towards
(itany)betinhge
returned.

Prospectuses and forms of application, with plan of the
Dockyard and Premises, may be had at the offices of the Im-
perial Mercantile Credit Association and of the Credit o-
bilier, of the Secretary, tae Bankers, Brokers, and Solicitors.

allied by the Bankers.)
FORM OF APPLICATION FOR /SHARES.
(To be ret
No. -
To the Directors ot the Merchant Shipping Company
(Limited) (late Somes Mothers,.
Gentlemen,
Having paid to your Bankers, the Agra and
deposit of £1
per share en
Bank (Limited) the sum of L
shares in the above Compy , I hereby
request that you
will allot me thatannyumwbheern, arnegdufiraegar;ee to
accept such shares, or any less number
You may allot to me ;
and
and I agree to pay the deposit on allotment, and to sign the
Articles of Association of the Comp
I authorise you to insert my name on the Register of Mem-
bers for the number of shares allotted to me.
Usual Signature .........
.
Name in full .........................

iFesidence .....
Prof ession ......
Date, AugtPt,
• • • • .....

PHEASANT REARING for 1864.
CHAMBERLIN'S AROMATIC SPANISH MEAL,
ARKER RICE, PELLET, D. S. MEAT GREAVES, prr-
pared with CAYC AR EXCELSIOR, is the most efficacious
food for rearing and feeding Game, preventing gapes, snarls,
and death.

BOOKS on Feeding and the proper Management of Game,
from hatching to m,turity, with over 200 testimonials from
the nobility and gamekeepers, with prices, posted free on re-
ceipt of two stamps, by Mr. James Chamberlin, Spanish Wine
Merchant, opposite the Exchange, Norwich.
CHAMBERLIN'S CANADIAN POULTRY MEAL for
all the year round, 16s. per cwt., including bag. The use of
this food keeps the chickens in perfect health ; and the in-
crease of eggs, of the richest colour and flavour, is marvellous.
Dog Greaves, 10s. per cwt. Please state price when ordering.
N.B.—Advices received daily of the efficacy of the Spanish
Meal and Caycars. One gentleman writes, "All my young
pheasants last season were sickly, and several died; those
that were strong enough to eat your Spanish ileal recovered
in two days, and became fine and beautiful birds."

Second Edition, Corrected and Revised, post free 7d., in
cloth 13d.,
THE TEETH : a Practical Treatise, with the
best means of restoring them when defective or lost.
By A. ESKELL, Esq., Surgeon-Dentist,
8. Grosvenor-street, Grosvenor-square.
" It really contains all that is necessary relative to the
good keeping of 'he mou h awl teeth, and deserves the serious
consideration of all who adequately regard their health,
comfort, and appearance."—The Sun, May 4, 1861.
"We can commend this little brochure on a subject upon
which everybody takes an interest."—Medical Circular,
June 5, 1861.

" We can recommend its perusal to those who wish to pre-
serve their tun, and to those who know the value of them."
—pally news, Juno 20, 1861.

London: Clements, Little Pulteney-street.

RI Z E ME D A L.-INTERNATIONAL
EXHIBITION, 1852.
FRANCIS TUCKER & CO., Wax Chandlers, &0., ar,o”
To the Queen and the Prince of Wales.
(Established 1720.)
The Jurors' Report on Wax and Church Candles, In 1852,
testifies to the excellence of the quality of 111essrs. Tuzkere
manufacture.
A distinguished Dignitary, in a letter addressed to Francis
Tucker and Co., on the subject of

WAX CANDLES with PLATTED WICKS,
says :
" I have found them fully equal to the recommendation
which you gave them, and can sincerely, in my turn, I com-
mend them to the clergy for the use of the altar."
Finest quality, with latted Wicks, patented.. 2s. 2d. per lb.
Ordinary quality .. .. • • is. Od. per lb.
VEGETABLE CANDLES, with a Mixture of Wax.
Best quality .. • • • • • • Is. sd. per lb.
Seem.' quality ** • • • • .. is. 3d. per lb.
Third quality .. • • • • • • .. Is. ld. per lb.
Carriage paid in London on Orders of Five Pounds in value.
FRANCIS TUCKER AND CO.,
8, South Molion-street, Grosvenor-square. Manufactory—
Kensington (Established 1730).
The largest Establishment in England for the Manufacture
of wax Candles for the uf.3e of the Altar

yirrSee'onlrenOdeßd to the Public as an unfall-
IMPORTANT INFORNIA.TION.
MAN'S FRIEND
rDitemfsecl;ifdßoerEnr,lounds of every description, burns, scalds,
chilblains, scorbutic eruptions, sore and inflamed eyes, &c.
Sold in pots. is. lid., 2s. Id.,
-Is., and 225. each. Also his
PILUL2E ANTISCROPHULZE, confirmed by sixty years'
experience to be one of the best alterative medicines ever
offered to the public. They form a mild and superior Family
Aperient, that may be taken at all times without confine-
ment or change of diet. Sold in boxes, is. lid., 28. ed., ls. Id.,
ifs., and 225. each.
Sold wholesale by the proprietors, Beach and Barnicott,
Bridport, by the London houses, and retail by all respectable
medicine vendors in the United Kingdom and Colonies.

R. SCOTT'S BILIOUS
7fnitTealenytBes
AND LIVER
PILLS.—A NEVER FAILING REMEDY.—Pre-
they create appetite, pro-
Axed without any mercurial Ingredient, front the recipe of Dr.
-:,,cott, of Bromley, Kent, will be found I,nvinaldiugabelsetitoon,alwl rnhdo.
spasms,
o.lrogimdbdiinlieosuss, adnidzzinlive%
e, and as a purifier
co°fatthkeenbeldoOda,stahefyamarielytrauPlyrelexnektlimentl;einmill:o.in }t'h°:irhaobpieturaa-1
timoonteandidggresatitoefnul,
~,, whole nervous system.
Sold by W. Lambert, 8, King William-street Charing-cross.
London, and by most druggists, in boxems. lid., and three
times the quantity in one, 2s. Pd. Be sure to ask for Dr.
Scott's Bilious and Liver rine. The genuine arc a square
green package, with " William Lalnhert,,, engraved on the
stamp. ardtshteresytogmthacenh'the

THE METROPOLITAN ADULT EDUCATION ASSO-
ciAnoN has convened a conference on Friday next, at the
House of the Society of Arts, at half-past two o'clock, on
domestic economy
through a
the d theassociation mn
the subject of " The Education of Women and Girls of the
Working Classes in the Metropolis," with referenceespl:
tc
oa
sy
of
fo
the
prizes needlework
offered
o eande dn ti a
by her Royal Highness the Princess of Wales. Ladies
and gentlemen willing to promote these objects are invited
to attend.

THE FATAL EXCISE AFFRAY NEAR ENNIS.—
The coroner's jury have returned a verdict adverse
to the police who engaged in the recent fatal affray with
illicit distillers near Ennis. From the evidence laid before
the Court it appeared that the police found two men—the
Sheedys, father and son—engaged in manufacturing whisky
in an outhouse belonging to them. They seized the still,
still head, worm, 20 gallons of illicit whisky, five sacks of
malt, six barrels of wash, and two tubs of potpie, and also
arrested the two men. It appeared that a ram named John
Darcy was shot through the head by the discharge of the
firearms of the police ; and from the evidence of the Sheedys
there was no more crowd than might have been expected on
such an occasion, and not the last pressing upon the police
constables or attempting to impede their progress, although
some threatening and abusive language was used. The
jury, after a short deliberation, returned a verdict, That the
deceased died of a gunshot wound, and that the police were
not justified in firing on that occasion.

Sire—We have the honour to acknowledge your
favour of the 17th inst., which would have been
answered yesterday but for the absence of Mr Clay.
The safe conduct of the President of the United
States has been tendered, as we regret to state,
ander some misapprehension of facts. We have
not been accredited to him from Richmond as the
bearers of propositions looking to the establishment
of peace. We are, however, in confidential employ.
meat of our Government, and entirely familiar
with its wishes and opinions on that subject ; and
we feel authorised to declare that, if the circum-
stance disclosed in this correspondence were com-
municated to Richmond, we would bo at once in-
'vested with the authority to which your letter
refers; or other gentlemen,clothed with full powers,
would be immediately sent to Washington, with
the View of hastening a consummation so much to
be desired, and terminating, at the earliest possible
moment, the calamities of war. We respectfully
solicit, through your intervention, a safe conduct
to Washington, and thence by any route which may
be designated, through your lines to Richmond. We
would be gratified if Mr Saunders was embraced in
this privilege. Permit us, in conclusion, to acknow-
ledge our obligations to you for the interest you
have man'ifeited in the furtherance of cur wishes,
and to express the hope that in any event you will
afford us the opportunity of tendering them in
person before you leave the Falls.

C. C. CLAY and J. B. HOLCOMB.

Niagara Falls, July 19.

Gentlemon,—At a late hour last evening, and too
late for communication with you, I received a de•
spatch informing me that the instructions left
Washington last evening, which must reach me, if
there be no interruption, at noon to-morrow.
Should you decide to await the arrival, I feel con-
fident that they will enable me to answer definitely
your note of yesterday. Regretting a delay which
I am cure you will regard unavoidable on my part,
(Signed) H. GREELEY.
To C. C. Clay and J. B. Holcomb.

Executive Mansion, Washington, July 18.

To whom it may concern : Any proposition which
embraces the restoration of peace, the integrity of
the whole Union, and the abandonment of slavery,
and which could, by and with an authority that can
control the armies now at war against the United
States, will be received and considered by the Exe-
cutive Government of the United States, and will
be met by liberal terms on substantial and colla-
teral points, and the bearer or bearers thereof shall
have safe conduct both ways.
(Signed) ABRAHAM LINCOLN,

President of the United States.

The following is a copy of the original letter held
by me to be delivered to Horace Greeley, which de-
spatch I now forward to the Associated Press.
(Signed) W. C. JEWETT.
Clifton House, July 21.

Sir,—The paper handed to Mr Holcomb yester-
day, in your presence, by Major Hay, as to the
application in our note of the 18th inst., is couched
in the following terms—The application to which
we refer was decided by your letter of the 17th
inst., in which you inform Mr Thomson and our-
selves that you were authorised by the President of
the United States to give us safe conduct, on the
hypothesis that we are duly accredited from Rich•
mond as bearers of propositions looking to the esta-
blishment of peace, and desired to visit Washington
in the fulfilment of this mission. This assertion, to
which we gave and still do entire credence, was ac-
cepted by us as the evidence of an expected but most
gratifying change in the policy of the President, a
change which we felt authorised to hope might
terminate in'the conclusion of a peace mutually just,
honourable, and advantageous to the North and to
the South, exacting no condition but that we should
be acredited from Richmond as bearers of proposi■
lions looking to the establishment of peace, thus
proffering a basis for a conference as we could de-
sire. It seemed to us that the President opened a
door which had previously been closed against the
Confederate States, for full interchange of senti-
ments, free discussion of conflicting opinions, and
untrammelled efforts to remove all causes of con-
troversy by liberal negotiations. We, indeed,'could
not claim the benefit of a safe conduct which had
been extended to us in a character we had no right
to assume, and had never affected to possess, but the
uniform declaration of our Executive and Congress,
and their thrice-repeated, and as often repulsed,
attempts to open negotiations furnished a sufficient
pledge that this considerate manifestation on thepart
of the President of the United States would be met
by them in temper of equal magnanimity. We had
therefore no hesitation in declaring that if this cor•
respondence was communicated to the President of
the Confederate States, he would probably embrace
the opportunity presented for seeking a peaceful
solution of this unhappy strife. We feel confident
you must share our profound regret that the spirit
which dictated the first step towards peace had not
continued to animate the councils of your President.
Had the representatives of the two Governments
met to consider this question, the most momentous
ever submitted to human statesmanship, in temper
of becoming moderation and equity, followed as their
deliberations would' have been by the prayers and
benedictions of every patriot and Christian on the
habitable globe, who is there so bold as to pronounce
that the frightful waste of individual happi-
ness and public prosperity which is daily sad-

dening the universal heart might not have been
terminated, or, if the depletion and carnage of war
must still be endured through weary years of blood
and suffering, that there might not at least have
been infused into its conduct something of the spirit
which softens and partially redeems its brutalities ?
Instead of the safe conduct which we solicited, and
which your first letter gave us every reason to sup-
pose would be extended for the purpose of initiating
a regulation where neither Govern me n t compromised
its right or dignity, a document has been presented
which 7,` as originally cif:red, and is unlike any
paper which ever before emanated from the consti-
tutional executive of a free people. Addressed to
whom it may concern, it precludes negotiations,
and prescribes, in advance, the terms and conditions
of peace, the return to the original policy of no
bargaining, no protesting, no truce with the enemy,
except to bury the dead, until every man should
have laid down his arms, submitted to the Govern-
ment, and sued for mercy. What may be the ex-
planation of this sudden and entire change in the
views of the President, of this rude withdrawal of
a courteous overture for negotiations, at the moment
it was likely to be accepted ? If this emphatic
recall of words of peace just uttered and fresh blasts
of war be the batter, we leave for the speculation of
those who have means or inclination to penetrate
the mysteries of the Cabinet or fathom the caprice
of his imperial will. It is enough for us to say that
we have no use whatever for the paper which has
been placed in our hands. We could not transmit
it to the President of the Confederate States, with-
out offering him indignity, dishonouring ourselves,
and incurring the well-merited scorn of our coun-
trymen. Whilst an ardent desire for peace pre-
vails, the people of the Confederate States are
rejoiced to believe that there are few, if any,
amongst them who could purchase it at the expense
of liberty, honour, and self-respect. If it can be
secured only by their submission to terms of con-
quest, the generation is yet unborn which will
witness its restoration. If there be any military
authority in the North who is entitled to proffer
the conditions of this manifesto, there is none in the
South authorised to entertain them. Those who
control our armies are the servants of the people,
not their masters, and they have no more inclination
than they have right to subvert the social institu-
tions of foreign states, to overthrow their priceless
heritage of self-government. This correspondence
will not, however, we trust, prove wholly barren of
good results. If there is any citizen of the Confe-
derate States who has clung to the hope that peace
was possible with this administration of the Federal
Government, it will strip from his eye the last film
of such delusion. If there be any whose hearts have
grown faint under the suffering and agony of .this
bloody struggle, it will inspire them with fresh
energy to endure and brave whatever may yet be
requisite to preserve to themselves and their children
all that gives dignity and value to life, or hope and
consolation to death. If there be any patriots and
Christians in your land who shrink appalled from
the lengthened vista of private misery and public
calamity which stretches before them, we pray that
in their bosoms a resolution may be quickened to
reclaim the abused authority and vindicate the
outraged civilisation of their country. For the
solicitude you have manifested to inaugurate a
movement which contemplates results the most noble
and humane we return our sincere thanks, and are
most respectfully and truly your obedient servants,
(Signed) "C. CLAY,
"J. B. HOLCOMB, Commissioners.
" To the Hon. H. Greeley."

SPORTING INTELLIGENCE.

BRIGHTON RA.OES.-TUESDXY.

A. slight fiavonr of Good wood lingers round the Brighton
meeting. The aristocratic crowd congregated at the ducal
gathering has not yet dispersed itself to its autumn. recrea-
tions, and consequently there is a sprinkling of those turf
habitues who have probably bid adieu to racing until next
year's Epsom and Ascot again call them to the field.
The ground, always hard at Brighton, was, of course,
doubly so this year, and the fillds consequently deficient in
quantity and quality. The Brighton Handicap, owing to
the absence of Deerfoot, who cast a plate after his number
went up, was left to the Tyke and Jane Shore, who raced
home together, Lord Uxbridge's colt winning by three-
quarters of a length.
There was a sad falling off in. the 'Brighton Biennial,
Fille do L'Air frightening away all competitors except
Peon, who made a fight for it with the French mare, and
was beaten cleverly by a neck.
The Stakes only brought out seven runners, Bally Ed-
mond being made the favourite, with Madcap next in de-
mand. Lord Hastings's outsider Redcap, however, landed
them very easily, defeating the favourite by a length.
Lytham cantered in for the Marine Plate, and then fol-
lowed the Brighton Nursery, which boasted a large entry,
though but 14 came to the post. Attache was made rather
a warm favourite, but suffered easy defeat from Nukuheva,
who won in a canter without being called upon.
The attendance was good, and the weather delightful.
We ought to mention as worthy of imitation that the com-
mittee had caused the road to the course to be well wa-
tered. There was no betting on future events.

The Bristol Plate of 50 sovs (handicap), for all ages. One

mile.

Lord Uxbridge's The Tyke, 3 yrs, Est 101 b (S. Adams) 1
Mr Saxon's Jane Shore, 3 yrs, Gst 71b (H. Sharp) 2
Mr Elphick's Flying Spur, 4 yrs, Est 101 b (Sayers) 3
Mr Marsh's Confederalist, 3 yrs, Gst 71b .. (R. I'Anson) 4
Mr J. Reed's Bosh, 5 yrs, 7st 101 b (E. Foster) 4
Mr Elphick's Parchment colt. 2 yrs, sst 71b ..(Elphick) 6
Captain blachell's Prince Lee 800, 4 yrs, Bst 31b
(Edwards) 7
Aibberd weighed for Deerfoot, 4 yrs, Sst 131 b, but in
consequence of his casting a shoe his number was taken
down. - -

—The betting opened at 6 to 4 agst Deerfoot, but upon his
retirement it closed at 2 to 1 egg Jane Shore, 3 to 1 agst
The Tyke, and 5 to 1 agst Prince Lee 800.
The Tyke, in company with Prince Lee 800, was the first
away, and came on with a clear lead of Confederalist and
Jane Shore to the bend. Here Prince Lee 800, next the
rails, took a decided lead, which he held into the bottom,
where the pair were headed by the favourite, who, appa-
rently pulling double. came on in advance to the stand,
where she was again headed by The Tyke, who won
cleverly by three-quarters of a length—Flying Spur finished
a bad third, and Confederalist fourth.
The Second Year of the Twelfth Brighion Biennial Stakes
of 10 sous each, with 100 added, for foals of 1861; colts,
Bst 101 b ; fillies, Sat 71b. Winners extra. One mile.

19 subs.
Count de Lagrange's Fille do l'Air, 9st 21b (in. 91b ex.)
(Edwards) 1
Mr C. Alexander's Peon, 9st 21b (inc 61b extra).. (Wells) 2
Betting-7 to 2on Fille de l'Air.
The non favourite made play for a quarter of a mile,
when he was headed by the French filly, who came on with
a clear lead to the stand. where Wells made his effort and
got to her quarters, but was beaten after the semblance of
a race by a neck.
The Southdown Stakes of 5 soya each, with 50 added; for
2-yr-olds and upwards; weight for age; with selling
allowances. T.Y.C., three-quarters of a mile. 9
subs. - -

Mr Mundy's Doublet, 2 yrs, bst 10Ib, (£4O)
(J. Grimshaw) 1
Mr SaMarsh's Confusion, aged, Bst 2lb (£4O)
(Edwards) 2
Captain Machell's Prince Lee 800, 4 yrs, Bst 21b
(£10)
(11. Grimshaw) 3
Lord Westmoreland's Wicket, 2 yrs, sst 71b (£4O),
(11. Sharp) 4
Sir P. Johnstone's Miss Lavinia colt, 2 yrs, sst 101 b (£o)
(Bollen) 5
Mr J. Graham's Iscoid, 2 yrs, sst 71b (£io)....(Wyatt) 6
Betting-7 to 4 agst Doublet, 100 to 30 each agst Prince
Lee 800 and Wicket. •
The start was delayed by the breaking away of Wicket,
Iscoid, and the Miss Lavinia colt ; the two former believ:ng
it a start, rode their horses home past,the post. When the
flag was lowered Prince Lee 800 with the favourite on his
right got away in front, having Confusion and Wicket im-
mediately in their wake to half-way up the hill, when the
Prince appeared in difficulties and was headed by Doublet,
who waa joined at the stand by Confusion. From this point
the race was left to the two, but the old ono was bollen
easily uy a length; a bad third. The winner was bought
in for 05 guineas, and Iscoid was sold to Mr Mather for 31

guineas.
The Marine Plate of 100 sots
(Handicap), added to a
Sweepstakes of 5 sovs each, for all ages; winners extra;
Morris) 3
2
11
T.Y.0., three•quarters mile.of6ab.. (J.
57 subs.
Grimsbaw) 1
Mr York's Lytbem, 3 Yrs,
Est Sl
LLoorrdd
FWoerststoralooruetihan,sda'sunvtiolurr:
ys ,r 48 , y7r2f4t, 718013..(F(ordham)
The following also ran :—Reindcer, Xurullo, Orphene,
Sy ran, and Elise.
Betting 7 to 4 agst Gunner ; 5 to 1 agst Lytham; 6 to
1 agst Veluptas; 7 to 1 apt Reindeer ; 8 to 1 agst Syren ;
iand 10 to 1 each agst Elise and Orphene.
Lytham, in CAmpany With, Reindeer, Voluptas, and

' squadron have had royal prizes consigned to them for com-
petition at their annual regatta, the yachts of all other clubs,
royal or otherwise, are debarred from all chance of obtain-
ing a prize which is one of the highest honours a yachtsman
can receive, and which is given by the Crown with the na-
tional object of encouraging improvements in naval archi-
tecture, and which it appears, according to the correspon-
dence between Sir R. Peel and Admiral bons, is taken
from the Consolidated Fund, and is therefore public money
given fer a definite public object. The same conditions may
be applied to the Queen's Cup, which will be sailed for by
schooners and yawls belonging to the Royal Yacht Squad-
ron only on Thursday (to-morrow). As custodians of thee©
two prizes given by the Crown, the premier yacht club of
England would have acted in a manner becoming its high
position had it thrown the contest open to the 3 achts of any
Royal Yacht Club, and not confined it to those flying the
white ensign. Thoroughly exclusive in its principles this
liberal view of the question could not be entertained by the
Royal Yacht Squadron, persisting in a monopoly which can
only tend to dee-rade two re-fat cups into, as cur weekly
contemporary the Rell aptly expresses it, " Charity Cups."
The morning broke bright and clear, with a nice sailing
breeze from N.N.W., with every prospect of its continuance.
Cowes road was dotted with a large number of yachts at
anchor and under sail flying the colours of nearly every
known yacht club, while the Royal Navy was represented
by H.M.S. Victoria and Albert, the Irresistible, screw line-
of-battle coastguard ship, Capt, J, D. Dickson ; the Ferret,
training brig, and a screw gunboat. The presence of her
Majesty, the Prince and Princess of Wales, and other mem-
bers of the Royal family at Osborne, bestowed an additional
interest on the first day's portion of the equadron's pro-
gramme, more especially as the race was for the cup given
in the name of his Royal Highness the Prince of Wales.
Five vessels were entered for the contest, as follows :
The Arrow, cutter, 94 tons, Mr T. Chamberlayne ; the
Terpsichore, cutter, 42 tons, Capt. Tatnall, R.N. ; the
Alerte, cutter, 56 tons, Lieut. J. Sladen, B„N. ; the Phos-
phorous, cutter, 49 tons, Capt. W. Bulkely ; the Ladybird,
cutter, 35 tons, Mr J. P. Lethbridge. The Ladybird put
in no appearance. The four others took up their positions
off Cowes Castle, the Arrow inside and the others off in the
order as they aro named. The course was from Cowes to
the Warner light vessel, thence to the northward of the
Brambles, thence round a mark vessel moored off Egypt
Point and into the goal between the starting vessel and
Cowes Castle, twice reund. Light vessels and mark vessels
to be left on the port hand. At 10 15 p.m. the preparatory
gun was fired, and 5 minutes afterwards the starting gun,
when the four craft were off before the wind, the Alerto
slightly leading with the Arrow close upon her, Phos-
phorus being third, and Terpsichore bringing up tho rear.
The Arrow and Alert° handled their canvas smartly, but the
Phosphorus and Terpsichore seemed to take to their work
more leisurely. The tide was at high water cff in the roads
at the time of the yachts starting, with the wind still at
about N.N.W., a moderate full sail breeze. The run to the
Warner was unattended with any particular interest. In
rounding the lightship the colours of all could not be
distinguished with certainty from Osborne pier, the nearest
point to the light ship that could be reached for observation
but the Arrow and the Alert() rounded the Warner as
follows:

It, M, s.
Arrow
Alerte
An interval of 10 minutes 9 seconds separated the third
vessel from the Alerte. The fourth vessel was not timed.
It was now a dead heat back to Calshot, and the Arrow's
famous powers under these circumstances were well known
from past performances; but the Alerte being a new vessel,
her doings were looked forward to with some interest.
At 1 p.m. the Arrow tacked with her head to the
northward, just to leeward of the west buoy of the
middle, with the Alerte and Phosphorus, the first-named
ahead of the other and to windward, some distance astern,
and standing in for the island shore, Terpsichore at the same
time standing in, also in shore, but hopelessly astern. The
wind now gave indications of falling light as the vessels
tacking along the north shore for Calshot Light, which was
weathered by the Arrow about three minutes ahead of the
Alerte. Between Calshot and the mark boat at the western
extremity of the course the wind was somewhat baffling to
the two leading craft, between whom the struggle for the
prize now really lay, and in rounding the mark boat the
Alerte had gained one minute on the Arrow. That mark
weathered, sheets were eased off, foresails boomed out, and
balloon jibs and topsails set, and the first round was com•
plated as follows :

H. M. 13.

Arrow ........................ 2 34 38
Alerts .............. 2 36 41
The yachts now commenced their second round of the
Terpsichore Phosphorus
41
31
33
70
course, but, from the adverse state of the tide and the posi-
tion and force of the wind, there was every probability of
its ending at too late an hour for any details to be given.
By referring to the time in which the first round was com-
pleted, it will be seen that the Alert() was only two
minutes and three seconds behind the Arrow, and as
the Arrow according to A.cker's scale, had to give an
allowance of time for difference in tonnage of 15 minutes
and :30 seconds, the Prince of Wales's cup was then, barring
all accidents and providing the Phosphorus did not vastly
improve her position, virtually won by the Alert°, The
Alerte is quite a new craft, built by Ratsey, of Cowes.
To-day, the squadron gave a cup, value 100 guineas, with
a second prize of P 25, to be sailed for over the same course
as the one sailed over yesterday, open to yachts belonging
to any Royal Yacht Club. There will Inc st probably not be
over eight vessels start, butt even with this small number
a strong braze would rz.ndor the race one ol interest, owing
to the admission of ether "cracks" to the contest than those
belonging to the Royal Yacht Squadron.
The Anew won the Prince of Wales Cu,. The Prince
went out in the Fairy to witness the contest.

PENNY OMNIBUSES. Ye.Eterday morning the
and those vehicles are now
being ragular:y
omnibuses running between Westminster and Oxford-street,
and Camden Town and Oxford-street, were carrying pas-
sengers at Id each. The reduction has been occasioned by
the 44 Shakspere" omnibuses,
waged" by the old corapany,