The Sun.
London, England, 1865-11-06 00:00:00

telescopic, and act as ventilators to the ship. The
catheads and fish davits are so made that they will.
turn down during action, as well as the bulwarks,
so that a circular range is obtained. Throughout
the entire length of the vessel there is a wing pas-
sage fitted, which, as well as the double watertight
bottom, is provided with doors, sluice, valves,
&c., so that with the transverse bulkheads the vegsel
is divided into watertight compartments, from
any of which the water can be taken with
great facility. Great attention has been paid to
the ventilation of the magazine and handing rooms,
for which special ventilating machines, to be
worked by hand, are provided. The vessel is
estimated to steam at the rate of 15 knots an hour.
The Italian Government have been anxious that she
should be protected by armour of the very best qua-
lity of iron and make ; and in order that they might
be satisfied on that point, two experiments were
made upon plates selected by the officer representing
that Government from the stock of plates rolled for
the vessel. The first of these was, by the permission
of the War-office, conducted at Shoeburyness, and
was particularly notable from the fact of this plate
resisting steel shot at a distance of 200 yards, which,
it is stated, is the first occasion on which a plate of
5 inches thick has been victorious over steel. The
second experiment was conducted at Genoa by the
Italian Government. The plate was subjected to
12 rounds from a 68-pounder at the extraordinary
small range of 13 yards, after which merciless attack
it did not show a single crack or fissure, and was
considered by all competent judges to be the best
result ever obtained.

On the conclusion of the ceremony the visitors
adjourned to the spacious dining hall attached to
the works and partook of an excellent luncheon,
which the Millwall Company had provided. Sir J.
hay, who occupied the chair, after giving the toast
of " The Queen," gave that of the" King of Italy,"
which was drunk amidst loud cheering. Baron
Alarochetti, in returning thanks, expressed his deep
regret that the Marquis d'Azeglio, the Italian mi-
nister in this country, was obliged to be absent on
account of illness, and read a letter from that noble-
man, in which he alluded to the necessity there was
for the establishment of a pcwerful Italian navy,
and intimated that it was the intention of the Italian
Government to proceed as rapidly in that direction
as the state of their finances would permit. He ex-
pressed the gratification of the Italian Government
at the manner in which the Millwall Company had
executed their contract in the construction of the
Affondatore, which was a magnificent addition to
the Italian navy, and concluded by acknowledging
the obligations which the kingdom of Italy was
under to the British people, and especially for the
cordial sympathy they had always shown to the
people of Italy when struggling for national liberty.
The majority of the visitors afterwzrds returned to
town in the Nymph, which had been specially char-
tered for the purpose.

American Journals on English Journals.

(From the New York Times.)

The excitement caused by the publication of what pur-
ported to bo a correct list of the principal English sub-
scribe.s to Confederate stock now appears to have been in
a great measure needless. The list included the names of
some of the most eminent members of both Houses of the
British Parliament, the leading capitalists and merchants
of Great Britain, and the most influential proprietors and
editors of the English press. Among the latter figured
the manager of the London Times, who was put down as
a victim of misplaced confidence to the tune of £lO,OOO.
The proprietor of the Morning Post was also enrolled as a
fellow-sufferer to a large amount. The notorious Mr.
Laird, the builder of the Confederate rams and blockade-
runners, was likewise given a prominent place on this
black list. And last, but giv,:test, Mr. Gladstone, the
Chancellor of the Exchequer, was made by sundry journals
to bear a part in this notable financial scheme. The ap-
pearance of this list caused quite as much surprise an indig-
nation ; but it now appears that the statement was an in-
vention, at least as far as the above-named gentlemen
and several others are concerned. These have made im-
mediate opportunity, through the press, to deny fu'ly and
unreservedly that they ever had the slightest interest in
that worthless concern, and we have no doubt the next
mail will bring further disavowals. It is difficult to
imagine what possible motive could have induced the con-
coction of such a stofy. It could, in its untruthfulness,
be productive at moat of but a mere temporary annoyance
to the gentlemen it libelled, while it will cover its author,
when exposed, as ho will no doubt be, ignominy.

(From the New Yo,il Herold.)
By the latest European news we have several so-called
denials of the statement that shares in the Confederate
loan wore owned in very influential quarters in England.
The London Times, Mr. Gladstone, Mr. Laird, the Hon.
Evelyn Ashley, and Mr. Ridout of the ilforn:ng Post, make
their several denials, each in his own peculiar way. It is
amusing to see these English friends of the rebellion so
anxious to wash their hands of that magaificent
and instructive to notice that however great King Cotton
was the other day there is now "none so poor to do him
reverence." But the important fact in relat!on to these
denials is that not one of them is sufficient. Not ono of
them is an open, satisfactory declaration, sufficient to dis-
credit the original statement. They aro ingeniously con-
trived to seem like denies to the English people, that
people being ignorant perhaps of the pecularly American
system by which those several gentlemen were made share-
holders in the loan. Thus they show a dishonest pur-
pose on their facas, and are so far confirmations of the
charge of a corrupt influence as it is made against the
persons in question.
The system by which these men were "put down" for
certain amounts of the Confederate loan doubtless origi-
nated here in the lobby, as part of the machinery by which
bills are carried through our State Legislature and
through Congress. By this system men who want to
carry a bill through for a railro..d or some similar matter
pick out the influential members, editors, and ot'iers, and
put their names down for so much stock. The persons
whose names are thus used may not know it at first ; in-
deed, they may never know it until they find out some day
that they aro some thousands richer by the possession of
stock in a paying road, though perhaps they could have
guessed at it at almost any time. Of course, if the road
should fail they would be none the poorer, and they could
at any time deny their interest. Generally they are in-
formed of this little transaction whenever their assistance
is wanted—whenever a vote, a speech, or an article may
help to save the bill. Now the Confederate agents carried
this Amer:can system to England, and applied it on a
large scale. They applied it skilfully too. The Southern
Confederacy was the measure they wanted to carry, and in
favor of which they wanted to influence the British public.
So they put down two or three men on the Times, a man
on the Morning Post, some members of Parliament, and
they even went so high as the Cabinet. None of the
gentlemen thus put down, of course, overinvested a dollar;
none of them bought or sold ; none of them "had an in-
terest," as that term is usually employed; and, of course,
none of them "lost" when the Confederacy went to smash.
They would be none tho poorer for the loss of millions
written on such pap3r ; but how much richer they would
have been if the Confederacy had not gone to smash !
This explanation will enable the English public to
appreciate the answers made. The Times says, " The
statemer.. that the editor of the Times is a loser is a com-
plete falsehood." Certainly. As a matter of fact he never
lost a cent, for he never invested one ; but that statement
leaves quite unansmred the real charge that the editor of
the Times would have been some thousands of pounds
richer if ho and his associates could have gotten the Con-
federacy recognized and so make it a success—the charge
that the course of the Times on the American question
was influenced by his knowledge of that fact. It is the
same with the Ron Evelyn Ashley ; the same with Mr.
Laird, who "never sold" any of the shares, and the same
with Mr. Ridout, of the Morning Post, who "never ap-
plied for" any. It is worthy of not:ce that Mr. Gladstone
makes no denial at all. He wishes it to bo assumed that
he is not one of the men in Walpole's category—that he
has no price—at least none that can be counted in pounds.
Ho only expresses the hasty desire to have his name taken
out of such bad company. Perhaps he may consider that
the less he says on the subject the better. "He that re-
fraineth his lips is wise." The Times attempts to discredit
the whole story of the Confederate loan, and sneers at it
as a matter given to the world by the New York Ilerald.
The Times dared not "face the music." The document
in question emanated from the State Department, and was
ono of the archives of the Southeru Government. It was
given simultaneously to the whole American press.

EMIGRATION POURING .N.—New settlers are
hourly crossing the Mississippi to find homes upon the
rich soil of Missouri. Last Tuesday about thirty large
covered wagons entered tho city and passed up Broadway
on their way westward. Tho now corners all sewn to be
of the better class of emigrants, with handsome new
wagons and fat horses.—Hannibal Chronicle.

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