The Sun.
London, England, 1862-11-27 00:00:00

LONDON-BRIDGE RAILWAY HOTEL.

The directors of this company state in their report that
the hotel was opened to the public on the 2d of June. The
profits arising from the business done during the five months
ending Oct. 31 amount to £5,196, out of which is deducted
£843 for interest on debentures and contractor's deferred
certificates, leaving a balance of £4,353, which is equivalent
to the rate of 14 per cent. per annum upon the subscribed
capital ; but, considering that a portion of this sum is de-
rived from the club subscriptions, which will not become
again due until June, 1863, the directors have deemed it
prudent to recommend a dividend to the shareholders at the
rate of 10 per cent, per annum, amounting to £3,087. They
further propose to carry to a reserve fund, to provide fer
renewal of furniture and depreciation of lease of premises,
£3,000, leaving a balance of £1,508 to be carried forward to
the credit of the next half-year. Vast alterations are being
made in the immediate vicinity of the hotel. St. Thomas's
Hospital has been pulled down, and it is probable that upon
a portion of its site there will be erected first-class shops and
houses, which will prove highly beneficial to the hotel. The
amount of the debenture debt is £18,500.

MR. VAN BUREN ON GE?. MCLELLAN

FOR PRESIDEN7.

A great meeting of the Democratic party was held at the
headquarters of the Democratic Union Association, in the
Broadway, New York, on the evening of the 10th inst., to
celebrate their recent victory. Atter a brief address from
Mr. Fernando Wood, Mr. Van Buren spoke at great length
on the subject of the late contest, the obstacles which had
to be surmounted, and the triumph which the Democratic
party have achieved. He alluded in the following terms
to the present position of his party with regard to the Go-
vernment :

" We are an opposition, and we are opposed to the Admi-
nistration of the general government of the United States.
It is not the business of an opposition to have a policy ; it
is not the business of an opposition to propose to administer
the government when they are utterly paralysed. It is the
business of the Administration to have a policy, and of the
opposition wisely and circumspectly to oppose that Admi •
nistration wherever their action is such as calls conscien-
tiously for opposition ; to sustain it where it is capable of
being sustained, and mere particularly in time of war ; nor
should it regard jealously the action of the Government, but
give them liberal support, sustaining them wherever it is
possible to do so."

He next discussed the question of the removal of General
M'Clellan, and the slave proclamation of the President, de-
elaring himself in favour of the prosecution of the war for
the purpose of restoring the constitutional relations between
the States which have been suspended or destroyed. In the
latter portion of his address he referred to the chances of
the presidency, avowing himself, as will be seen, unequivo-
cally in favour of General M'Clellan as the future President
of the whole Union under an amended constitution.
" The President of the United States is assured by those
who surround him, and he is made to believe that he is a
popular man. He has only served 18 months out of a term
of four years, and in every part of the Union he has num-
bers of friends, while in the States of Missouri, Delaware,
Maryland, and Kentucky he has numerous public officers
who are devoted to his interest. These States would form a
preponderance in the Union, if it be restored. He believes
his policy and course of government have endeared him to
the people of the country, who would therefore call upon
him again to serve another full presidential term. lam un-
able to say what would bo the action of the people in regard
to this call ; but he has a right to assume that he would be
continued or re-elected President of the new Confederacy.
I certainly would make no effort to do so. I should be
opposed to his election as I am opposed to his Adminis-
tration. I know what would be my course, though I
have not consulted with anybody else on this question.
I should support George B. M'Clellan for President when
the next election came on. General M'Clellan is a young
man. He is, as I said before, ready for any kind of work
in his country's service. Hitch him up anywhere and ho
will draw, but now that ho is altogether unhitched, I see
no reason why he should go on receiving a large sum of
money from the public without returning them some appro-
priate service for it. He would do better, in my opinion, to
return to those employments which are more habitual to
him. He must be, more or less, the subject of misrepresen-
tation and misunderstanding ; but I would never presume
to advise him in anything else. I have never said yes or no
to him. I have never spoken to him. I would not know
him from any person in this room; but I look upon Gen.
M'Clellan as one of the most extraordinary men that have
ever lived in our age. I think the Government has made
a great mistake in withdrawing him from the command of
the army, if they are desirous of prosecuting the war to a
triumphant close. But if they think that the war had gone
far enough, and that it is time to make peace with the
South—if they desire to restore the Union, and to make
M'Clellan the next President, then they have done the very
exact thing they should do. And now, having spoken to
i
you all that I intended, I purpose taking my leave' n
think that it is not amiss that in the rooms of the Young
Men's Democratic Association, where so many great:or:lLn
lar movements have been inaugurated an. d success
with
followed, that the name of I\l'elellan,
this high office, should have been first
presented
by their
n
apprehend with great confidence that thesep
eesnennted ; and I
removal, and that
course, have restored the Union by
M'Clellan will be the President of ththelswhole Union under
AD amended Constitution."
ortions of
ll‘alurs.eN.ran Buren's speech
The concluding p
were received with immense app

The annual inspection of the Inns of Court Rifle
Volunteers by Colonel M'Murdo, C. 8., Inspector-General
of Volunteers, will take place in Richmond Park on Satur-
day next, the 29th inst., at 2 o'clock. The regiment will
parade in King's Bench-walk, Temple, at 11 a m
prepa-
ratory to proceeding by train to Richmond.

Hon O
We have received our letters
onand pa
ctober
pers under
The following is from
to o en the
date
NolfaCdarlacsu, t ta, October 22 ; g-K g,
the China Mail of October 22 :--
"Every endeavour is being made
October 29.
railway as far as Patna by the 15th of INo.punher,
and from thence to Benares by the 15th of I)ece://3-
ber. Other lines are progressing rapidly, the one
to Mutlah being completed with the exception of
the bridge over th,:. Pyallee River. Since the 18th,
the date of our last summary, little has transpired
worth referring to. The Priestley scandal has been
rather unexpectedly revived, and, in the absence of
anything more important, has engaged public atten-
tion the last day or two. The subject has been
brought on the tapas in consequence of Sir H. Rose
having addressed a letter to the managing com-
mittee of the United Service Club, in which he
tenders his resignation of the office of honorary
president. The Commander-in-Chief, in so doing,
remarks that, in his opinion, the proper course for
the club to have taken with reference to the con-
duct of Colonel Priestley would have beta to have
referred the question to him as president. His Er-
cc llency, however, goes further, and maintains that
Colonel Priestley was justified in doing all that he
did. The letter has not been published, but
we have grounds for stating that it is not cal-
culated to improve the position which his Excel-
lency has maintained in this affair. The move-
ment which we alluded to in our last as being on
foot to raise subscriptions for the Lancashire poor,
has assumed a practical shape. A preliminary
meeting has been held at the Claamber,of Commerce
at which many of our influential men were present.
It was determined to convene a public meeting, but
at present no date has been fixed. It will probably
take place during the first week of November.
Subscriptions continue to be received, but the
amount already remitted is not likely to be mate-
rially increased until another appeal and renewed
exertions are made. We have no doubt that a
hearty response will be made, whenever the com-
mittee have organised these arrangements. The
courts re-open on Monday next after a holiday of
a month, and we understand that several important
alterations have been effected in the minor details.
calculated to insure increased efficiency. The rainy
reason is not yet over, and there is at present little
prospect of its breaking up. We generally look for
clear bracing weather at this time of the year, but
the rains have been unusually protracted."