The Sun.
London, England, 1863-11-03 00:00:00

LoN-DoN, TUESDAY EVENING. NOVEMBER 3, 1803.

rat'. sITN,

4•11.!•
THE MERCHANT BANKING COMPANY
of LONDON (Limited).
Established under the Companies Act, with Limited Liability.
Capital, Two Millions Sterling.
In 20.000 shares of £lOO each. First issue, 10,000 shares.
Deposit, per share on application, and £llO5. on allotment.
It is not contemplated to oall up more than ,C 25 per share.
Calls not to exceed £5, at intervals of not less than three
months.

DIRECTORS.
Richard Henry Browne, Esq., Director of the London Char-
tered Bank of Australia.
William Cadeil. Esq. (Duff, Cadell, and Co., Merchants),
London and Liverpool.
J. H. Reynell de Castro, Esq. (Carruthers de Castro and Co.,
Merchants, Manchester and Rio de Janeiro.
Lewis Fraser, Esq. (J. and L. Fraser, merchants), London
and Singapore.
James IVP3laster, Esq. (late of Wm. M`Master and Brothers),
Toronto and Manchester.
John Paterson, Esq, Merchant (Paterson, Kemp, and Co.,
Merchants), London and Port Elizabeth.
William Pearce, E-q. (Pearce, Macrae, and Co., Merchants),

London and Calcuiti.
James Adam Smith, Esq. (Smith, 'Wood, and Co., Merchants),
London, Liverpool, and Manilla.
Thomas Stenhouse Esq. (Thomas Stenhouse and Co., Mer-
chants), London and Bombay.
Henry Thurburn, Esq., late of Alexandria, Queensborough-
terrace, Padlington,
Harrison Watson, Esq. (J. R. Thomson and Co., Merdiants),
London and Cape Town.
Edward Weston, Esq., Director of the Standard Bank of
British South Africa.

LIVERPOOL ANT) LONDON FIRE AND
LIFE INSURANCE COMPANY.
At the ANNUAL MEETING of the Proprietors in this
Company, held on Thursday, 25th of Fetruary, 1863,
JAMES ASPINALL TOBIN, Esq.. in the Chair,
the Report of the Directors for the year 1862 was read ; it
showed :
That the Fire Premiums of the year were... £136,065 0 0
A4linst ilwse in 1861, which were .. 360 131 0 0
Giving an Increase in 1862 of -£715,93- 0 0
That the new Lite business comprised the
issue et 785 Pollees.
On which the annual premiums were
I hat there was added to the life reserve
That the balance of undivided profit was in-

467,33 t 0 0
175,213 7 11
79,277 11 4

creased
That the invested funds of the Company
amounted to 1,417,808 8 4
In referenc3 to the very large increase of £76,000 in the
Fire premiums of the year, it was remarked in the Report,
" The premiums paid to a company are the measure of that
company's business of all kinds ; the Directors, therefore,
prefer that test of progress to any the duty collected may,
afford, as that applies to only a part of a company's business,
and a large share of that part may be, and often is, re-insured
with other offices. In this view the yearly addition to the
Fire premiums of the Liverpool and London Company must
be very gratifying to the proprietors."
SWINTON BOULT, Secretary to the Company.
JOHN ATKINS, Resident Secretary, London.

25,725 9 7

TEIE QUEEN INSURANCE COMPANY.
156, Leadenhall-street, London, E.C.
Queen Insurance-buildings, Liverpool.
Capital ONE MILLION STERLING.
At the Annual Meeting of the Proprietors, held at Liver-
pool, on the 21st October, 1861, BERNARD HALL, Esq..
Chairman of the Company, in the Chair, the Threctors'
Report for the year stated—
That the Fire Premiums for the year amounted to £70,300
being. an increase over the precedin 22,580
That the Life Premium Receipts for the first three
years were
and for the past three years
being -in increase in the latter triennial period
over the former of
That the amount accumulated since last Meeting, as
a Fire Reserve Fund, was
and the amount added to Lite Fund was ....... 13,743
That during the past fiveyears the Company had paid
for Claims
fhe Actuary reported that the Life Liabilities had been
valued on the soundest prin3iples, viz.,• Net Premiums at 3
per cent. interest, and that the Bonus to part cipating Policy-
holders averaged as much as 46 per cent. per annum of the
Premiums paid, while in some instances it was as high as 65,
70, and even 75 per cent.
A dividend was declared to proprietors at the rate of 8 per
cent. per annum.
J. MONCRIEFF WILSON, Manager and Actuary.
JOHN E. LEYLAND, Secretary.

NORTH BRITISH ANT) MERCANTILE
INSURANCE COMPANY.

Established 1809.
Incorporated by Royal Charter and Special Acts of
Parliament.
Accumulated and Invested Funds
Annual Revenue.... 422,401
FIRE DEPARTMENT.
Insurances granted both at Home and in Foreign Countries
on the most liberal terms.

LIFE DEPARTMENT.
Every facility offered to Insurers.
Ninety per Cent. of the Profits divided among the Insurers
on the participating principle.
The new Life business transacted in 1862 as follows:
Policies. Amount In
red. Premiums.
1,037 £763,334 £23,641 0 0
Forms of Proposal and every information will be furnished
on application at the
OFFICES :
LONDON 58, Threadneedle-street.
4, New Bank Buildings, Lothbury.
West-end Office B, Waterloo-place, Pall-mall.

13, Great Marlborough•street.
ATESSRS. HURST AND BLACKETT'S
—VA_ ANNOUNCEMENT of FORTHCOMING WORKS

THE LIFE of JOSIAH WEDGWOOD, from his
Private Correspondence and Family Papers, in the posses-
Silin of Joseph Mayer, Esq., P.S.A., and other Au; hentic
sources. By ELIZA METETARD. In 2 vols. Svo., with Fine
Portraits and numerous Illustrations.
COURT and SOCIETY from ELIZABETH to
ANNE, Illustrated from the Papers at Kimbolton. By the
DUKE of MANCHESTER. 2 vols. Bvo., with fine Portraits.
AGNES. By Mrs. OLTPHANT, Author of " The
Life of Edward Irving," &c. 3 vols.
A PERSONAL NARRATIVE of THIRTEEN
YEARS' SERVICE among the WILD TRIBES of
KHONDISTAN, for the Suppression of Human Sacrifice.
By Major-General JOHN CAMPBELL, C.B. 1 vol. demy
Bvo., with Illustrations, 14s. (Nov. G.)
THE WIFE'S EVIDENCE. By W. G. WILLS,
Author of "Notice to Quit," &c. 3 vols.
MEMOIRS of JANE CAMERON, Female Con-
vict. By A PRISON MATRON, Authat of "Female Life in
Prison." 2 vols., 21s.
A NEW STORY, by Mrs. HOWITT, in 3 vols.
BARBARA'S HISTORY. By AMELIA B. ED.
WARDS, Author of "My Brother's Wife," %c. 3 vols.
THE DESTINY of NATIONS as INDICATED
in PROPHECY. By the Rev. JOHN CUMMING, D.D. 1
vol., 7s. cd.
THE QUEEN of the COUNTY. By the Author
of "Margaret and her Bridesmaids," &c. 3 vole.
A NEW STORY of ENGLISH LIFE, by the
Rev. J. M. BELLEW. 3 vols.
A CHEAP EDITION of LOST and SAVED.
By the Hon. Mrs. NORTON. 1 vol.
LODGE'S PEERAGE and BARONETAGE for
1864, under the Especial Patronage of Her Majesty.
WILDFIRE. By WALTER THORNBURY. 3 vols.
MY STEP-FATHER'S HOME. By LADY
BLAKE. 3 vols.

NEW WORK BY THE AUTHOR OF "EAST LYNNE."
On Nov. 11, in 3 vols., post Bvo.,
T" SHAD OW OF ASHLYDYAT.
By Mrs. HENRY WOOD,
Author of " East Lynne," " The Channings," &C.
Richard Bentley, New Burlington-street.

This day, Never Before Published, price 25.,
B" DEMONIO. A LOVE STORY.
By PAUL FEVAL,
Author of "The Duke's Motto."
London : Ward and Lock, 158, Fleet-street.

Just publishei, in 12m0., cloth, price 35.,
IS the DOCTRINE of TRANSUBSTANTIA-
TION SCRIPTURAL? The Question Considered and
Answered. By a Layman.
London : Aylott and Son, 8, Paternoster-row.

TU E 0 XF 0
It D,
6, OXFORD STREET, W.
THIS EVENING, will be performed Operatic Selections
from Sir Henry R. Bishop's THE SLAVE, CLARA, the
MAID of MILAN, and Bellini's SONNAMBULA.

Principal Artistes—Miss Russell. Miss Ellison, Messrs
Green, Bernardi, Huish, <Sze., with full band and chorus.

Conductor, Mr. F. Jonghmans.
Flute Solos by Drew Dean, &c.

Comic, by UNSWORTII ("or any oi,her man "), Eusrene,
W. Randall, George Hodson, and those marvellous French
Clowns, Messrs. ARTHUR and BERTRAND.

_
Also, a Pet tormance by Herr SCIIALK.ENB &CIL on his
wonderful instrument, the PIANO WWI:EN:STUB, contain-
ing a full baud of 4U instruments.
the Liam. has just been newly Decorated and Ventilated,
and is one of the most Beautiful in the Metropolis.

Open at 8 o'clock. Admission, 6d. ; stalls and balcony,
private boxes, 10s. 6d.

CANTERDIJRY BALL " GROMI.' —ln order
to gratify the curiosity of nightly-increasing crowds,
Mr. C. MORTON has transferred the representation of Pro-
fessor Pepper *nd Henry Dircks, Esq.'s, world-famed spectral
Illusion, •• 'Mt,: GHOST," to the Coneert Hall, where a
new and elegant stage is erected, affording a more ample
view of the illusion from Stalls, Balcony, and body of the
Hall. He has also arranged for Mr. A. Silvester to give
(with all that gentleman's latest improvements and effects),
REPREShNTATIONS EACH EVENIG, at half-past
Nine o'clock.

All the other Musical and Pictorial attractions as usual,
including Operatic Selections, dtc. ; Comedy by Unsworth
(the modern Demosthenes), Eugene, George Hodson, E.
Marshall, and the marvellous Arthur and Bertrand.

ROYAL ALHAMBRA PALACE. The
Drarvels of Peru, the most wonderful Performers in
the WorId—LANGLOIS, the marvellous Indian Juggler.
—Grand Comic Divertissement, by the Francesco Family
and Mons. Betel, assisted by 12 Young Ladies.- The beauti-
ful FAIRY FOUNTAIN—NICOSIA, the eminent Italian
Violinist.

Special Notice.—lmmense attraction on TIIURSDAY, sth
November. The celebrated French Clowns, ART HU ft and
Brat rit Ei ND, will make their appearance in a new Enter-
tainment, reserved expressly for tt►eir engagement at this
establiamient.

ARGYLL ROOMS, Windmill-street, Piccadilly.
Tit, se el,gant Rooms are NOW OPEN for the Winter
Season. They have been entirely redecorated.
Musical Director and Conductor, Mons. L. JULLIEN.
Great Success of his new Quadrille, " The Prince of Wales,"
nightly encored.

_ .
The band is selected from the Italian Operas and the
Household Troops.

Doors open at 8 o'clock.
Admission, Is.

Manager—M. GRENET.

MOURNING IN WARSAW,

The Russian director of police has issued the fol-
lowing decree :
(a) Mourning, and in general all revolutionary emblems
in dress, used with the object of criminal manifestations,
are to be taken off.

(b) All women, without distinction of age, rank, or con-
dition, who aro seen after the 29th October (13th Novem-
ber) of the present year in mourning, shall be arrested and
taken to the guard-house, where they will be confined until
they pay the penalty hereafter specified.
(e) Women who have lost a father, a mother, or a hus-
band, may alone wear mourning on that account, but on
condition that such women shall before the 29th October
(10th November) obtain tickets for that purpose from the
and carry such tickets about with them.
director of police,
1. Women going on foot in mourning dress aro fined 10
roubles. Those who are unable to pay this fine shall be
imprisoned.
2. Women riding in their own or other carriages not hired
shall, if in mourning, be taken to the Mizow barracks, where
carriage and horses shall be detained until a fine of 100
roubles for each person is
3. Women in mourning riding hived carriages shall
pay 15 roubles each; the hired carriage, cab, or omnibus in
which they were shall be taken to the Mizow barracks ;
their owners shall pay 10 roubles for each woman in such
carriage; the carriages and horses shall be detained until
the fine is paid, and the driver and conductor shall be
punished.
4. All employis whose wives and children are found in
mourning shall, in addition to the above penalties, lose a
month s pay ; and all pensioners, both reduced employes and
the widows and children, shall lose a month's pension.
MAJOR ,GENERAL LEWSZYN.
Warsaw, Oct. 15 (27), 1853.

ADVERTISEMENT.]—Avoid medicines: they always aggra-
vate chronic complaints, but Du Barry's Delicious Health
Restoring Revalenta Arabica Food, which saves fifty times
its cost in other remedies, invariably cures them, restoring
perfect digestion, strong nerves, sound lungs, healthy liver,
pure blood, refreshing sleep, functional regularity, and energy
to the most disordered or enfeebled. We extract a few out
of 60,000 Cures :—Cure No. 58,216 of the Marchioness de
Brehan, Paris, of a Jiver complaint, wasting away for seven
years, debility, with a nervous palpitation all over, bad
digestion, constant sleeplessness, the most intolerable nervous
agitation, and dreadfully low spirited.—Cure No. 1,771. Lora
Stuart de Decks, Lord Lieut. of Waterford, of many years'
dyspepsia.—No. 49,832. "fifty years' indescribable agony
from dyspepsia, nervousness, asthma, cough, constipation,
flatulency, spasms, sickness, and vomiting.—Maria Jolly."
—Cure No. .16,270. Mr. James Roberts, of Frimley, Surrey, of
thirty years' diseased lungs, spitting of blood, liver derange
went, and partial deafness.—Cure No. 47,121. Miss Elizabeth
Jacobs, of extreme nervousness, indigestion, gatherings, low
spirits, and nervous fancies.—Cure No. 54,816. The Rev. Jas.
T. Campbell, Fakeuham, Norfolk, "of indigestion and torpt,-
dity of the liver, which had resiste i all medical treatmentlb. '
In tins, 1 lb., 2s. 9d. ; 21b., 4s. 601 ; 51b., 11$. ; 121 b., 228. 24
405.—Barry Du Barry and Co., No. 77, Regent-street, London;
also Fortnum and Mason ; and all Grocers and Chemists in
eyery town of the United liihgctom.

THE COTTON SUPPLY.

TO THE EDITOR OF THE SUN.

Sir,—The question of our future cotton supply,
bearing as it does so immediately upon the employ-
ment of the people of these districts, was not inap-
propriately introduced at the last meeting of the
General Relief Committee, and after an interesting
discussion the committee adopted a statement fur-
nished by Mr. Edmund Ashworth, and appended it
to their report. As I think my friend has taken
rather too sanguine a view of the subject, may I
crave space in The Sun to lay before your readers
the conclusions at which I have arrived from a
perusal of the public and private correspondence in
my possession ?
At the request of the committee of the Cotton
Association, Earl Russell courteously di•
Supply
rested the British Consuls resident in cotton-grow-
ing countries to report upon the prospects of supply
for 1864. Most of these gentlemen have made their
reports, and much valuable information has thereby
been obtained. The statements, however, of these
gentlemen, or of private correspondents resident in
those countries, and the conclusions drawn from
them can only be an approximation to the truth,
and may consequently be fairly open to question
and difference of opinion.

The import of last year (1862) waa as follows :
Bales.
71,900

America

Brazil
Egypt
Turkey
East Indies
West Indies, &c

Total 1,445,000
The imports of this year (1863) I estimate to be
from—

Bales.
America
Erazil
Egypt
turkey
Fast Indies
China
West Indies, Src

Total 1,860,000
Increase, 415,000 bales, or 30 per cent. ; and this
estimate, judging from the imports already received,
appears likely to be realised.
Taking the consumption of 1860 as our guide,
three days' employer eat per week would rEquire
24,300 Sales, and adding the export of that year,
11,700 per week, a total weekly supply of 36,000,
or 1,872,000 bales for the year, would be necessary.
But the consumption for forty weeks of the present
year, to the 9th of October, appears to have been
28,700 bales per week, and the export 12,000 per
week, :making the probable requirements of the year
to be 2,119,000 bales, or an excess of 259,000 bales
over the estimated impost. It is the prospect of
this result which has given encouragement to specu-
lation, and led to the present unprecedented high
prices for the raw material—prices which I cannot
but think will piece in jeopardy the continuance of
the time at present worked by the operative classes.
I estimate the imports for the coming year (1864)
to be as follows :

Bales.
America
Brazil
Egypt
Turkey
Italy 25,000
West Indies, &c
East Indies 1,500,000
China

Total
Increase upon 1863, 585,000 bales, or 31 per cent.
A consumption of four days per week, based upon
the data of 1860, would require 32,400 bales, and
allowing an additional export of 2,000 bales weekly
over the present year, we have a weekly demand of
43,400, or a total for the year of 2,412,000, to meet
thgA above estimated import of 2:41-5:0110_
In this ealcula,ton I have assumed the con-

tinuance of the war in America, from which country
it is not unreasonable to estimate a supply for 1864
equal to 1863.
From Brazil the reports are not so favourable as
could be desired. With all the stimulus of h;gh prices
the probable import of this year will exceed the last
by only 16,000 bales, or 12 per cent. The apathy
of the Portuguese character, the profitable cultiva •
tion of sugar and coffee, and the scarcity of labour
may account for this trivial excess. An increase of
35,000 bales, or 25 per cent., for 1864 is therefore
as liberal an estimate as can be justified. From
Egypt the reports are favourable, and estimates of
the crop vary from 275,000 to 400,000 bales. I have
adapted the last advices which place it at 350,000
bales, of which Great Britain may probably receive
300,000, being an increase of 50 per cent. From
Smyrna I received in August last the communica-
tion which Mr. Ashworth quoted to the committee,
of a probable crop in Turkey and Greece of 950,000
kintals, or 340,000 bales of 3cwt. each. The gen-
tleman from whom this was received has been long
resident in Smyrna, has access to the best informa-
tion, and is considered a high authority in all com-
mercial matters ; but I confess I was startled at the
great increase intimated over the previous year, and
therefore hesitated to adopt it until the receipt of
further information. This has materially reduced
the above estimate, in consequet_ce of injury to the
crops in some districts from locusts and in others
from drought, and 200,000 bales are now considered
to be a high calculation, out cf which quantity
Great Britain may obtain 150,000 bales, being an
increase of fourfold over the present year's estimate.
From Italy and Malta advices are received of a
crop of 40,000 to 60,000 bales, a very considerable
increase upon the last year's production, and of this
quantity we shall probably obtain 25,000 bales.
From India the supplies of last year and the present
one have disappointed those who relied npon the
statements hitherto made as to the large quantity
of cotton grown there. An increase of 10 per cent.
only is probable for this year, notwithstanding the
high prices prevailing. It is, however, generally
admitted that the last crop wag injured by the ex-
treme drought which prevailed in several districts.

No such drawback is anticipated as to the forth-
coming crop, while an additional quantity of land
has been placed under cotton cultivation, and much
of what has been hitherto reserved for home con-
sumption will be forwarded for export. An in-
crease, therefore, of 300,000 bales, or 25 per cent., is
perhaps not too high a calculation. From China I
estimate an import equal to that of this year, the
high prices now existing withdrawing it from local
consumption. From the West Indies and o
ar
other colonies no increase of importance can be ex-
r
pected ; while the western coast of Africa sends us
less this year than the last. From Peru we have
obtained 12,000 bales this year,'and a further in-
crease may be expected during the next.
From these countries and all others not enumerat d
I allow an increase of 15,000 bales, or 75 per cent.,
making the total from the West Indies, Szc., to be
30,000 bales. From the above statement it would
appear that the supplies of 1864 would, in their
aggregate amount, furnish four days' employment
per week ; but as no considerable porrrtaioidn will
Spring
hoped g
of the year, the
month
a avf
ailable b l e beforeJanuary,wt
hh e S
which
h itp
was would see
an increase of employment, will, I am a
ness a diminution of that which now exists.
In conclution, I would observe that the above con-
siderations present us with two satisfactory results.
First, that the production of cotton in other coun-
tries than the Southern States of America is steadily
progressing, the imports of 1864 exceeding probably
those of 1862 by 1,000,000 bales, thus lessening our
exclusive dependence upon one source of supply.
Secondly, that the three countries which have shown
the most eager desire to contribute to this result—
pt, Turkey, and Italy—pos,ess advantages in
climate, soil, and facility of access to this market
which enable them to compete bucceiuily wl;11

PR1CE....... -....4d.
STAMPED ....sd.

the Southern States of America, not only in
quality, but also in cost of production ; and
I am sanguine enough to anticipate that some few
years hence the coasts of the Mediterranean will
furnish an annual supply of 2,000,000 bales. Of
India I regret I cannot take so hopeful a view. So
long as high prices prevail she may furnish us with
a considerable quantity of cotton, but when this
stimulus is withdrawn, and the day of competition
returns, as return it will, then will she descend, I
fear, to her former subordinate position in the cotton
markets of the world. This result will be owing
to the inferiority of her staple, the imperfection of
her agriculture, the ignorance of her ryots, the
frauds of her middlemen, and the indifference of her
rulers. Such a consummation none will more de-
voutly hail than the unfortunate operatives whom
this fratricidal war in America condemns to the
manipulation of her inferior prodact.—l am, Sir,
your most obedient servant, JOHN CHEETHAM.
Eastwood, Staleybridge, Oct. 29.