The Sun.
London, England, 1865-06-14 00:00:00

in favour of this measure that it will bring a better
class of money-lenders into the field, and will en-
able the young merchant or embarrassed trader to
obtain advances from capitalists willing to help him
to a certain amount, but naturally reluctant to run
the risk of sharing his liabilities. We are therefore
glad to find the bill has got so far, and hope it will
become law without substantial alteration.

The subject which Sir F. SMITH pressed upon the
attention of the House of Commons last evening is
a very important one. It concerns so many thou-
sands of persons, it affects the peace and happiness
of so many families, the lives of so many brave and
useful men, and so large and increasing an amount
of property, that we can only regret that Sir F.
SMITH'S motion on the construction of harbours of
refuge should have been defeated by a majority of
twelve. It is very easy for the President of the
Board of Trade, " sitting at home at ease," to
declare that the shipping interest ought to
share the expense of undertakings so beneficial
to itself, and that harbours of refuge were not
wanted, and very likely might not do so much
good as was expected from them. The right
hon. gentleman seems to prefer theory to practice,
for he says that important changes have been lately
made in the law which are likely to diminish the
losses at sea ! Time and tide, says the old adage,
wait for no man ; and it is certainly something new
to learn that the elements hold themselves amenable
to the changes of the law ! Mr. GIBSON thinks that
all that is wanted to save life is the will on the part
of those near the catastrophe ; for he thinks the
alteration of the Salvage Laws and the bounties
given for saving life " furnish the best means of
securing the end which those who advocate
the construction of Harbours of Refuge have
in view." This is a most unfounded asser-
tion, and contains a most unwarrantable attack
on the courage and humanity of the British
sailor. The records of the Lifeboat Institution
could tell a different story ; but there are cases
where human aid is powerless ; and the natural
dangers of our coasts in the winter tempests are
such that no casual assistance can always avail.
Harbours of refuge, it is evident, enable ships to
seek a place of security before the worst comes, but
it is a singular system of legislation to suffer ships
to go to pieces and men's lives to be imperilled be-
cause the Salvage Laws will encourage exertions to
save them. Sir F. SMITH'S facts were simply un-
answerable. Our list of wrecks and disasters in-
creases steadily with our increasing trade, and our
aggregate loss of 8,000 lives and fifteen millions of
property in ten years emphatically demands that
public attention be at once directed to the practical
consideration of a remedy.

rumours."

The Fire at the Adelphi Theatre.

(REUTER'S TELEGRAMS.)

THE SUN, LONDON, WEDNESDAY EVEN

LATEST INTELLIGENCE.

AUSTRIA.
VIENNA, JUNE 14.

The Neue Frere Freese of to-day says

." A

despatch from Herr von Bismark to Baron
Werther, the Prussian Ambassador, has arrived
here, strongly supporting the reservation made by
the Grand Duke of Oldenburg in the question of
the .Duchies. It urges the necessity of placing the
two pretenders on an equal footing, and therefore

declares that the Duke of Augustenburg must be
removed from the Duchies."

RIO DE JANEIRO, MAY 25.

M. Octaviano Almeida, being at present absent
on a mission in La Plata, M. Saraiva, the Minister
of Marine, will also act as Minister for Foreign
Affairs ad interim.

FRANCE,
PARIS, JUNE 14.

The Moniteur of this morning says
" Several journals have furnished the public with
a narrative of incidents alleged to have occurred at
Oran during the Emperor's stay at that place, and
of demonstrations made in the presence of his
Majesty against a personage holding an important
command.

"It affords us great pleasure to be able to state
that there is absolutely no foundation for these

BOURSE, June 13.—An almost unaccountable
indisposition to operate has been manifested in
the various departments to-day ; and a further re-
trograde movement has taken place in all classes of
Securities. Threes, for the Account, are quoted at
67f. 32ic., and Mobilier at 757 f. Italian Loan has
ceased to exhibit the buoyancy recently so remark-
able, and is now done at 66f. 60c. Mexican Loan
has also participated in the general tendency of
transactions, and is quoted—the Old at 45 ; and
the New at 324. The market closed as follows :
I} per Cents 95 50 Ditto Threes —
Do. end month New Mexican
3 per Cents. 67 25 Do. Bonds 321 25
Do. end month 67 271 Russian —
Credit Mobilier 758 75 Austrian
Do. end month ... 755 Spanish Threes
Bank Shares 3650 Home Debt
Credit Foncier 1260 Deferred
Italian Loan 66 70 Roman
Do. end month 66 70