The Sun.
London, England, 1865-12-01 00:00:00

52. Fleet-street. At home from 10 till 5.

TEETH AND PAINLESS DENTISTRY.
Messrs. LE WIN and SISIEON 51oSELY and
SONS, Dentists,
30, Berners-street, Oxford-street, and 448, Strand,
Opposite Charing-cross Railway Station.
Their painless artificial teeth are unequalled for economy,
durability, comfort, and all purposes of articulation and mas-
tication. Operations of every kind I eing unnecessary, the
most nervous patient can be supplied without fear of pain or
inconvenience.
Consultation free. Teeth from ss, Sets from 5 to 2$ gs.,
warranted.
For the effica.ly, utility, and success of their system, vide
" Lancet. '
Daily attendance at 30, Berners-street, Oxford-street, and.
448, Strand, London; 15, Whitefriargate, Hull; 10, Norfolk-
street, Sheffield ; 4, East-parade, Leeds ; and 14, St. Nicholas-
street; Searbro'.
Observe—Established 1830. No connection with any of the
same name.

RAILWAY INTELLIGENCE.

GRAND TRUNK OF CANADA.

The half-yearly general meeting of this company
was held yesterday at the London Tavern ; Mr. E.
W. Watkin, M.P., in the chair.

Mr. J. M. Grant, the secretary, having read the
notice convening themeeting, the report, an abstract
of which has appeared in The Sun, was taken asread.
The CHAIRMAN, in moving the adoption of the
report, explained the reason -why the meeting bad
been held so late in the year. He had been induced
to visit Canada to inspect the company's property
there and make some arrangements in their inte-
rests. He had also obtained a certain amount of
additional information that he would not have had
for them if the meeting had been held at an earlier
period. He had information as to their progress up
to the 28th of Oct. The last statement of weekly
traffic they had received was up to 12th of Nov. It
showed that the receipts amounted to £30,829, being
an increase over £9,000 over the corresponding week
in November, 1864, and was therefore satisfactory.
In the early part of the year ending the 30th June
the war in America was going ou, Canada assumed
a state of defence, raids were being made on her
i
border, and pickets were to be seen there ;n many
places. The effect was to paralyse business and
lead people to restrict operations, so that they
must consider the traffic during that period as
exceptional. He then reviewed the position of
the company's affairs during the past four
years. For two years of that time Canada had
a Government that trampled on all obligations,
and was, not disposed to keep good faith with
the company. They had had bad or indifferent
harvests, and the war in America bad the effect of
disturbing every operation. They had passed
through that ordeal, and Canada had now a Govern-
ment which would do their duty to the country and
deal fairly with the company. They had settled
that long standing question the postal subsidy, and
there was now a disposition to do business. He
thought the late excitement would subside, and
they would soon be in a state to attract emigration.
The shareholders ought to be thankful to Provi-
denet that the war was at an end. Trade had
shown a wonderful revival. The state of things
five years ago was very different from what it was
at present. The net receipts of the company then
amounted to only £72,000 ; while they would amount
at the end of this year to about £400,000. The
permanent way was at that time in a very defective
state, but they had since renewed 500 miles of the
permanentway in a superior manner, and re-Bleeped

820 miles of it, and the traffic was now increasing
in a most satisfactory manner. They could do a
much larger business if they had suflicient engines
and rolling stock. Instead of the receipts being
limited to about £30,000 a week, they could now
get traffic of £40,000 a week if they had the means
to carry it. The 'gross receipts on all their lines
amounted for the half-year to £614,876, the ordi-
nary working expenses to £397,025, and the net
balance #,0.. X 217,851. They had taken from that
£51,535 for-l.enewals of permanent way, and
12b,712 for reduction of the renewal suspense ac-
count, leaving a balance of £139,603, The average
receipt per passenger in the past half-year was
I Os. 3d. per head, as against ss. 101 per head in
1864, the increase of receipts being for passengers
£14,700, or 7.65 per cent., the figures being
£207.,371 against £192,642. The total receipts for
freight had been £403,245 against -q86,028 ending
June, 1864, showing au increase of 1.17,217, or 4.46
per cent. The average receipt per ton carried was
16s. 10d. against 14s. 9d. per ton in the correspond-
ing half of 1864. The only disagreeable feature
was in the working expenses ; they amounted to
£397,025 against £360,532, showing an increase of
£36,493, or 10-12 per cent. Of this increase £26;860
was on the Atlantic and. Portland section, 1.3;400
on the Detroit line, £2,330 on the Champlain ;
£3,854 on a branch, and £9,232 on the Grand
Trunk proper. The latter sum was composed
chiefly of claims for eonipensation and fires.. With
regard to the Atlantic section, they had to pay the
same- amount of American currency for wages and
work that they did when the exchange was 282,
while it was now down to 147 ; that was practically
an addition to the wages and a higher expense to
the company. The company in 1864, by the pur-
chase of Atlantic and Portland bonds, had made
30,0001., and if they had the means to purchase
More of them they might have made 60,000/. At
that period they lost nothing by American currency,
but in the past half year they had lost 35,0001. by
it. Ile had looked most carefully into the exchange
account, and did not think that the officers had
missed a chance in the turns of the market in favour
of the company. He explained that those losses
were chiefly exceptional, arising from the war to
some extent on the border. The loss of 7,6001. on
the Buffalo was not a decided loss, because it might
be recovered in the current half year, as the ac-
counts with that company were made up at the end
of each year. The traffic which passed over some
of those leased lines for 140 miles also passed over
the Grand Trunk 750 or 760 miles, so they had some-
thing to set against those losses or apparent losses.
The stores, which amounted to 300,0001., were for
1,305 miles of railway ; they consisted of fuel, rails,
timber, and fishplates, &c., but those stores would
be reduced at the end of the year to 200,000/. They
had raised 192,0001. in Canadian institutions for
the company, which showed they had confidence in
the management of the railway, and he hoped that
things would go on so well that the company might
soon get out of debt and have their securities avail-
able. They had had large offers of a supply of rolling
stock from a company in Scotland, and also from
another firm for cars and engines, to pay so much a
year for them until the debt was liquidated. But he
considered that the best and cheapest way was to pur-
chase their own stock from good makers and pay for
it at once. He was glad to tell them that the receipts
on their line from July Ist to Oct. 28th amounted

to £471,877 against £408,740 for the corresponding
period of last year, showing an increase of 15i per
cent., and that thenet profits realised on that work-

ing amounted to £144,182, against £87,741 in the
corresponding period last year. It was proposed to
complete a line of railway from Halifax to Chicago.
There was every probabiay of the international
railway being carried out, as it was now believed
that the confederation of the British Provinces would
be accomplished ; and it was therefore only a matter
of time to make the line from the Grand Trunk Rail-
way to Halifax, which would open up the coal and
mineral districts of New Brunswick en route to Hali-
fax. At the other end of the line it was proposed to
lay an intermediate line on the railway between Sar-
nia and Buffalo, so as to suite the American gauge,
and thus by means of the Port Huron line to com-
plete the communication with Chicago. They had
an offer from persons who would expend £1,000,000
on that line, provided that others on the part of the
Grand Trunk Company should find £1,000,000 for
rails, &c., and for which those persons would give a
mortgage on their property in the new railway.
They would recommend the shareholders to give all
the assistance they could to that undertaking, and if
they were to imagine a Grand Trunk line 2,000 miles
in length, with Halifax at one end and Chicago at
the other, he would have very little doubt that their
progress in the next four years would exceed that
of the past four years. There were about 8,000 miles
of railway converging on Chicago, and it was so
well situated that there was nothing to alter its pros-
perous pasition. Those great cities in the West were
increasing immensely, and he believed the West was
now in a sounder condition than ever it was. They
had made an agreement with the Erie and Niagara
Railway Company, and also one for the construction
of the great international bridge between Fort Erie
and Buffalo, which would enable them to work the
line toNia,gara. As regarded the arrangement for the
bridge, it included seven miles of railway, and they
were asked to pay £lO,OOO a year for their share of
the expense, by which they would be enabled to ex-
change their traffic with the New York and Erie
Railway. The company at present paid £6,000 a
year for carrying the traffic across on a steam plat-
form, and the question was whether the difference
between £6,000 and £lO,OOO would not be readily
made up by the facilities an unbroken line would
afford over the international bridge. Buffalo had a
very large grain trade, a great number of ships, and
48,000 men were employed in that trade. As the
documents were not ready with regard to the bridge,
that agreement would not be submitted at present.
He then advocated the policy of using the available
means of the company for a short time longer in
providing additional rolling-stock, sidings, ware-
houses, and the necessary machinery for the de-
velopment and accommodation of the increasing
traffic. This policy had already been adopted to a
great extent, and when they had power to carry the
whole of the traffic that came to them, and were out
of debt, the profits would be henceforward available
to pay the preference interest as far it would go.
With regard to the Reciprocity Treaty he had been
asked to say something. There was a total of
£4,000,000 in produce sent to the United States from
Canada, and the latter received from the United
States a like amount, so that the advantages were
mutual, and neither side ought to disturb it. But
should the treaty not be renewed, and the trade be
diverted from the United States to England, it would
have a beneficial effect on the Grand Trunk Rail-
way, and would not injure Canada to the extent
some politicians supposed. It was desirable that a
friendly intercourse should exist between Canada
and the United States, and for that reason he hoped
the Reciprocity Treaty would be renewed.
Sir R. JARVIS thought it would be much better to
charge to capital what belonged to capital than to
take the whole of the charge for renewals out of
revenue. He did not like to see the net revenue
expended on permanent works which were to benefit
the next generation at the cost of the present.
Mr. CREAK said they were told a few years ago
that £70,000 a year would be sufficient for re-
newals ; but they had spent more than double that
sum in the last year for that purpose. He hoped
they would clear off the renewal fund in the current
half-year, aid endeavour to have some balance to
pay the bondholders in future half-years.
Mr. MERCER was disposed to support the directors
to the fullest extent ; but he represented some first
and second .class bondholders on that occasion, who
'sere very much dissatisfied with the disposal of the
net revenue. They were paid their interest in bonds
at par, which would not realise more than 67. He

Mr. HARTRIDGE believed
Act enabled thedirectors to al
of the line to capital purposes
thought some compensation
who had to take bonds instea
interest.
Mr. LAKE thought they ought to get out of debt
as soon as possible, and there would then be some- •
thing for the bondholders. When the international
bridge was completed he thought the bondholders ‘7'
would find they had a very good investment.
Mr. ADAMS considered that the increase of traffic
was enormous, and that if they would only expend
what was actually necessary to carry on the traffic
they would have dividends for the bondholders.
Sir MORTON PETO said he had just returned from
Canada, and was one of the largest shareholders in
the company. Ile had gone over the whole of the
He'found that the Great 'Western of Canada
was in a most efficient state. About 58 per cent. -
of the Grand Trunk line had been renewed and
finished, and was in as good condition as the Great
Western of Canada. The re-sleepered portion of
the Grand Trunk was fully equal to the average of
American lines. Their policy should be to put the
line in the most efficient state and keep it up fully
to that standard. Ile had spoken to nearly all the
heads of departments on the Grand Trunk line, and
they were of opinion that the rolling stock was in-
sufficient, as they were only able to carry 00 per
cent. of the traffic. It was impossible for the com-
pany to stand still under such circumstances.
They should provide an ample supply of the
best rolling stock, proper sidings and stations, - and
everything requisite for the traffic, as the Atlantic
Great Western next year would form a junction
with their line. He might say that there was
now upwards of four months' traffic waiting to •
be conveyed from the oil district. He was pre- •
pared to enter into an agreement with them- for --
carrying the oil traffic over the Grand Trunk at
double the average price charged on theie line.
With regard to providing sufficient rolling stock,
they should subscribe the money among them. He,
for one, would advance £25,000 or £30,000 for that
purpose ; if they provided the necessary plant their
troubles would be atan end, and he believed it would
be one of the most prosperous undertakings on
either side of the water.
The CIIAIR3IAN said if the bondholders wo'Ald
only have patience they would soon be satisfied that
thebest had been done under the circumstances. If
they did not provide the necessary additional capi-
tal in some shape the traffic must remain stationary.
They must first get out of debt, get sufficient capi-
tal to provide what was requisite for the traffic, and
they could divide the profits every half-year. He
believed that from and after December next every-
thing that arose in the shape of profit would be
available.
The report was then adopted, and the meeting was
made special, and the agreement with the Erie and
Niagara Company was approved.
The proceedings concluded with a vote of thwaks
to the chairman and directors.

CALCUTTA AND SOUTH-EASTERN.
The half-yearly meeting of this company was
held yesterday at the offices, Gresham-house ; Mr.
J. J. Borradaile in the chair.

The report stated that the quantity of goods car-
ried over the line had been double that carried in
the corresponding period of last year. The passen-
ger traffic showed a small decrease in the number
of the lower class, to the extent of about 2 per cent.,
but a considerable increase of returns. The resort
of shipping to the port had also contributed to in-
crease the first-class passenger traffic to the extent
of more than 100 per cent. To provide for the
complete equipment of the line, as regards both
warehouse room and rolling stock, the directors had
obtained the approval of the Secretary of State for
India to raise the additional sum of £lOO,OOO on
debentures of the company issued for a period of
five years, bearing guaranteed interest at the rate
of 5 per cent., and convertible into guaranteed
stock.

The CHAIRMAN, in moving the adoption of the
report, said the Canning Company were making
satisfactory arrangements for the shipping wharfage
during the cold season. lie believed that some of
the coasting steamers on their return voyage to Cal-
cutta would be ordered to proceed to the Mutlah
and take up their quarters there, and_if facilities
were afforded by the company a continuous line of
steamers would run to the port. Considerable in-
crease had taken place in the traffic, but difficulty
had been experienced in finding sufficient stock to
carry it on. Additional rolling stock was, however,
on its way out, and he had no doubt but that the
want would in the meantime be supplied by the East
Indian Railway Company. Notwithstanding the
increase in the receipts, the traffic was working at
a small loss.

Mr. MARSHMAN seconded the motion, and the
report was adopted.
In reply to a question, it was stated that the
bridge to connect their line with the East Indian
Railway at the other side of the Hooghly had not
been decided on.
A vote of thanks to the chairman and directors
concluded the proceedings.

HOUSS.—Messra. TOPLIS and ROBERTS
hays' numerous furnished and =furnished TOWN,
t;uburban, and Country RESIDENCES to LET or
exact
SELL.
Particulare forwarded for three stamps, upon stating
requirments and rental. Offices, 2. C,oncluit-street
street,e and South Kensington, lacing the Museum. ,Regent-

QOUTII KENSIN GT ON, HYDE-PARK,
Queen's, and Rutland Gates, Queen's-gate and Peters-
ham Terraces, Queen's-gate, Cornwall, and Princes Gardens
Ely a ston-place, Cromwell-road, Onslow and Thurloe Squares,
Boltons. &c. Messrs TOPLI' and ROBE itTS have RE6I-
DEN CES to SELL and LET in these and surrounding
localities. Offices, 2, Conduit-street, Regent-street, and
south Kensington, facing the Museum.

LIFEBOAT SERVICES.—During the storms
of the past twenty-two months the National Lifebat
Institution, by its Lifeboats and other means, contributed to
the savin of 1,188 persons from different wrecks on our
coasts. The Institution also expended .0:17,:84 in the same
periud on its lifeboat establishments, in addition to granting
~711 as rewards.
The Committee of the Institution earnestly A f'PEAL to
the public for ASSISTANCE to enable them to meet the
continued heavy demands on the Institution's 152 lifeboat
establishments.
Cootributions are received by the London and country
baniurs ; and by the Secretary, Richard Lewis, Esq., at the
Institution, 14, John-street, Adelphi, London.

Just out. re-written, greatly enlarged, and adapted for
general circulation, pp. 27, pike 2d.,
r(IH E M A L T T A X.
"The Ale at 6d. when untaxed will be 2d."
By WILLIAII RAE SAME, Esq., F.S.A.

Also, by the same Author, price id., Third Edition, with
preface entirely new of 11 pages,
FRENCH WINES AT ID. PER BOTTLE
CUSTOMS DU IES.
Mann Nephews,

ROYAL ENGLISH OPERA, COVENT-
GARDEN.
(Opera Company, Limited.)
Last Week but Two of L'Africaine.
THIS EVENING will be performed Meyerbeer's Grand
Opera, L'AFRECAINE. Miss Louisa Pylle, Madame Lem-
mens-Shatrington, and Mrs. A. cook Messrs. Altserto
Lawrence, Heury Corrt, A. Cook, E. Dussek, J. G. ratry, C.
Lyall, and Charles Adams.
Conductor, Mr. Alirel Mellon.
Acting Manager, Mr. E. Murray-. Stage Manager, Mr. W.
West.

Commence at a quarter to 8.

THEATRE ROYAL, DRURY-LANE.-
Managers, Messrs. E. Falconer and F. B. Chatterton.
THIS EVE NIING the peidormances will commence with
Shaksi ere's rragedy of KLNG JOHN: Messrs.Phelps,James
Anderson, T. Swinhourne, Raynor. G. Belmore, E. Phelps,
C. Harcourt ; Miss Atkinson, Mrs. H. Vandenhoft Mrs.
Ilodson, &c.
After which, GALWAY-GO-BRAGH ; or, Love, Fun,
and Fighting : Messrs. Edmund Falconer, F. Barsby, C.
Harcourt ; Misses Hazlewood, E. Falconer, nose Leclercq.

Commence at 7.

THEATRE ROYAL, HAYMARKET.-
Sole Lessee and Manager, Mr. Bucketone.

THIS EVENING, THE OVERLAND ROUTE : Messrs
Chas. Mathews, Buckstone, Chippendale, Compton. Rog. is,
Clark, Gordon, Braid, Coe, &e. ; Messdames Mathews, Snow-
den, Hill. Wright, Coleman. Lovell, &c.
To be followed by WHO KILLED COCK ROBIN?
Mr. Chippendale, Mr. C. Mathews ; Mrs. Charles Mathews,
Mrs. Fitz william. &c
Concluding with THE BALLET. Messrs. Arthur and
Charles Leclercq, Miss Fanny rl right, Miss C. Adams, and
:he Corps de Ballet

Commence at Seven.

ROYAL LYCEUM T EIEATRE.-
Under the sole Management of Mr. Fechtei.
THIS EVENING, at Seven o'clock, THE DAY AFTER
THE WEDDING. Mr. and Mrs. foreman.
After whi,:h, at 8, a New Drama, entitled THE WATCH
CRY. Mr Fechter, supported by I.4{essrs. El. Wicbdcombe,
S. Emery, C. Horsman, Kaymond, Fitzpatrick, Clifford. and
Miss Elsworthy.
To conclude with the Farce of NURSEY CHICKWEED.
Messrs. H. Widdicomb, Et.tyrnond, Moreland; Mrs. Lee and
Miss Lavenu.
Box Office open daily from Eleven till Five.
Acting' Manager, H. Barnett.

NEW THEATRE-ROYAL ADELPIII.
Sole Proprietor and Manager, Mr. B. Webster.
THIS EVENING, at 7, GOOD FOR NOTHING. Mrs
Allred Melton and Mr Felix Rogers.
Alter which, at 8, RIP VAN WINKLE. Rip (his 76th
appearance), Mr. Jefferson, supported by Messrs. Billington,
F. Bedford, R Phillips, Felix Rogers, Ashley, itburne, C. J.
Smith; Mrs. Billingtor, &c.
To c,nclude, at halt-past 10, with THE WIDOW'S
VICTIM. Messrs Bildngton, Felix Rogers, Ashley; Miss
Godsell, Miss Seaman, and Miss Jenny Willmore.

ROYAL PRINCESS'S THEATRE.
Sole Lessee and Manager, Mr. Geo.
THIS EVENING, QUIET LODGINGS.
Atter whi.h, at a quarter to Eight, IT IS NEVER TOO
LATE TO MEND. characters by Messrs. Vining. T. Mel-
ville, T. Mead, D. Murray, 8. Caihaem. F. Villers, J. G.
Shore, G. Murray, B. Mellon, C. Seyton, R. Cathcart; Miss
L. Moore and Miss Katherine Rodgers.

ROYAL STRAND THEATRE.
Sole Lessee and Manageress, Mrs twanboroug,h.

THIS EVENING, at Seven, NOTHING VENTURE
NuTHING WIS.

Alter whin will be produced a new Opera Purleeque,
L'AFRICAINE ; or, The Queen of the Cannibal Islan s
Messrs. Stoyle, James, Thorne; Mesdames Swanborough,
Itaynham. Johnstone. &c.
TO cot elude with MRS. GREEN,S SNUG BU.SINESS

/11IIE LAST EDITION OF " TIIE SUN,"
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Gan be had Every .6veuing of
U. H. GLEN lE. NEvrt, AGENT,
No. 4. Connaught-terrate, Hyde-park..

11HE LATEST EDITION of " THE SUN "
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lIIIE LAST EDITION of " THE SUN "
supplied as POOll as Published. containing all the
LA PEST NESV6 and SPORTING INTELLIGENCE, by
H. W. liAtutis, Ne‘sepaper Agent, 4, Blacklriars-road.
London, S.

THE LATEST EDITION of THE SUN."
J. HtilailllS begs to inform his friends, and the pubiio
EellallArktt
ashes sunp-'siesp
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road, N.W.