The Sun.
London, England, 1865-09-07 00:00:00

VARNA.

The report of Mr. M'Candlish, the chief engineer,
states that the works on this line were progressing
most satisfactorily ; that, although the surveys were
only commenced in April and the works in June last
year, the earthworks had been completed ready for
the ballasting and rails upon about 85 kilometres
(53 miles) at the Varna end, and 60 kilometres (37
miles) at the Rustehuk end of the line. The whole
force of labour was now employed upon the earth-
works on the central portion of the line, about 80
kilometres (50 miles) in length, and these would be
completed, with very slight exceptions, before the
ensuing winter. The masonry was well advanced,
and the bridges and culverts were nearly completed.
All the station buildings along the line have been
commenced, and many of them completed, and all
would, he hoped, be roofed in before the winter.
On about 33 kilometres at each end of the line, or
66 kilometres (40 miles) in all, the rails had been
laid. He had no doubt that on 80 miles of the line
the rails would be laid before the winter, leaving
Only about 59 miles to be laid during next year.
The Turkish Government had lately received from

Total 356,000 £5,710,000
A creation was made of 176,334 provisional shares of £2O
each divided thus :—Orleans, one fusion share for one old
share, 80,000 ; Centre, one fusion share for two old shares,
33,000 ; Bordeaux, one fusion share for three old shares,
43,334 ; Tours and Nantes, one fusion share for four old
shares, 20,000 ; total, 176,334. These 176,334 shares indi-
cate a capital of £3,526,680 ; but the general meeting of
May 25, 1852, considering that the capital of £5,710,000
really paid up by the shareholders of the four companies
ought to be represented, decided that the number of shares
should be carried to 300,000, with a capital of £6,000,000.
In consequence of a resolution adopted to this effect,

the 176,334 provisional shares were exchanged for de-
finitive shares at the rate of five provisional shares for
eight definitive shares. This arrangement absorbed
282,134 definitive shares, and the 17,866 shares remaining
were taken up at £2B each by the shareholders of the
four companies. Tho 300,000 old shares of the Orleans re-

present., then, a paid up share capital of £6,210,208—viz.,
£5,710,000 actual share capital of the four fused companies,
and £500,248 received from the subscription for the bal-
ance of 17,866 definitive shares. Ten years more rolled
away—ten tranquil years of kindly despotism—kindly, at
at any rate, from a capitalist's point of view. A large num-
ber of new concessions and responsibilities were assumed,
and an immense pyramid of obligations, or small deben-

tures, was created. To givo additional security to these ob-
ligations the Minister of Public Works insisted that more
capital should also be raised by shares; and accordingly in
1862 a creation was made at par of 304,000 new shares,
which carried the share capital to 600,000 shares, with a
nominal capital of £12,000,000. To give an idea of the con-
tinual extension of the undertaking, we may note that the
Paris, Sceaux, and Orsay ceded its concession to the Or-
leans by a convention concluded in 1855, and approved by
the Government in 1857 ; the transfer was made in consi-
deration of 5,000 obligations, bearing an interest of 3 per
cent. per annum, handed to the smaller company by the
larger one, while the Orleans also undertook the charge of
the loans contracted by the Paris, Sceaux, and Orleans. A
part of the concessions (6731 miles) of the Great Central of
France was attributed to the Orleans by a decree dated
June 19, 1857, the consideration being the 'exchange of
the shares of the Great Central against obligations
. of the Orleans, and the service by the latter of the obliga-
tions of the Great Central in the proportion of 66 per 100,
the remaining 34 per 100 being at the charge of the Paris,
Lyons, and Mediterranean. At the same time that the Or-
leans thus obtained the greater part of the concessions of
the Great Central it acquired from it the Aubin mines and
ironworks, in consideration of its accepting the service of
the obligations which the Great Central had devoted to the
purchase of this portion of its undertaking. The Orleans
had also a concession to the extent, of one-third of a lino
from Paris to Lyons, via Bourbonnais; bi:t it retroceded
this concession in 1857 to the Paris, Lyons, and Mediter-
ranean, in consideration of an indemnity of £44,006 or
annum from Jan. 1, 1857, to the date of the opening of the
entire line from Paris to Lyons, viaßoanne and St. Etienne
(Sept. 21, 1861), and of £BB,OOO per annum from the date
of that opening to the expiration of the three first complete
exercises (Dec. 31, 1864). After this latter date the indem-
nity to the Orleans is to be fixed by umpires for the whole
duration of the concession of the Bourbonnais. Scarcely
year has elapsed since 1852 in which various minor con-
cessions have not been granted to the company. It would
be tedious to an English reader to go into further details
on these heads, but we may sum matters up by stat-
ing that, according to the, last convention concluded
with the State, in 1863, the aggregate con cessions of
importance
-Old company had attained the following
—Old network, 1,2621 miles ; now network, 1,3361
miles ; total, 2,5981 miles. The estimated cost of the old
network, as thus defined, is £21,720,000, and of the new
network, 00,640,000; making a total of £52,860,000. The
amount actually expended by the company to the close of
1864—01 d network, £16,939,826 ; Aubin works, £675,752' -
new netw?rk, £20,740,685 ; making a total of £38,356,263.
As the estimates are almost certain to be exceeded, we may
fairly conclude that the company will require at least an-
other £20,000,000 to carry out the imperial programme of
which it has accepted the responsibilities. The gradual
growth of the company's colossal undertaking will be best
summed up by the following recapitulation of the distance
worked by it during the 25 years which have elapsed since
it first began to run its trains-1840 51 miles, 1841 191
miles, 1842 19/ miles, 1843 711 miles, 1844 831 miles, 1845
81384191487 miles,
1846831 miles, 1847 831 miles, 1848 831 miles,
1850 83/ miles, 185183} miles, 1852 515
miles, 1853 6351 miles, 1854 714/ miles, 1855 723/ miles,
1856 7181 miles, 1857 798/ miles, 1858 890 miles, 1859 1,100
miles, 1860 1,163/ miles, 1861 1,2341 miles, 1862 1,3691
miles, 1863 1,5331 miles, and 1864 1,630 miles. At the close
of last year the company's concessions had thus still to be
carried out to the extent of about 900 miles, but it is ex-
pected that by 1872 the whole system will be completed,
unless fresh privileges and responsibilities are accepted in
the meantime.

The execution within the period named of the additional
lines still remaining to be carried out is, of course, ma-
terially dependent upon the state of political and monetary
affairs. Of late the works on hand have made considerable
progress, and last month (July, 1865) the extent of line in
operation on the new and old concessions combined had
been carried to 1,8391 miles. The amount of capital raised
in 1864 to meet the requirements of what is known as the
first establishment account was £5,138,653. Of this sum,
£1,967,271yras derived from calls on the new shares—which
from Jan. 1, 1865, take dividend rateably with the old
shares—while £3,171,382 was obtained from 112,250 obli-
gations forming the balance of the eighth, _series, and
162,918 obligations of the ninth series. rho 275,618 obli-
gations issued in 1864 produced an average of £ll 10s. 6d.
each, and they are repayable by drawings • at £2O each,
while until their repayment they bear an annual interest
of 12s. each. In 1863 the obligations sold realise an average
of £lll6s. Bd. each, the falling off of Cs. 2d. per obligation
observable with respect to last year being the result of
the relatively greater dearness of capital in 1864 as
compared with 1863. The total receipts on capital ac-
count in regard to the old network amounted to the
close of 1864 to £18,009,950, made up thus :—Share
capital-, £12,000,000 ; first loan, £392,960 ; second loan,
£399,960 ; and third loan, £5,210,000. The expenditure
on the old network to the close of 1863 was £15,790,584;

At the Guildhall police-court, yesterday, Mme. Louise
Pierrette Valentin appeared on remand before Mr. Alder-
man Finnis to answer a charge of perjury.
Mr. Ribton was counsel for the prosecution ; and Mr.
Leverson conducted the defence.
The case against the defendant consisted, it will be re-
membered, in her statement that she first came to London
on the 27th September, whereas it was alleged that she
came on the Bth September.
M. Jean Ignace was now examined, and he said—l am a
mason, or builder, but I have sold my business. I carried
it on in Paris, where I now reside. I came with my cousin
to London, and arrived here yesterday. I was in London
before about a year ago ; it was in the month of September,
1864 ; that was the first time that I had been in London.
We started on the 7th of September from Paris, and arrived
on the Bth in London. We came via Dieppe. The witness
went on to say that he travelled in the same carriage with
the defendant, and stopped at the Hotel de Vile de France,
and saw her there several times. Remained seven days in
London, and returned to Paris on the 14th September.
A cousin of this witness gave similar testimony.
Mr. Leverson, for the defence, said that the evidence of
a double voyage, on which the charge of perjury was
founded, had been concocted to take them by surprise, but
he would bring forward evidence which would clearly
show that Madame Valentin was in Paris during the
whole of the first half of September, 1864, and that neither
she:nor the other witnesses could have lodged at the Hotel
de Ville de France, as it was shut up to all lodgers up
to the 12th or 14th of the same month, in consequence
of a fire.

Mr. Leverson then called M. Jules Bourcier, who said—
I reside at Paris. I am an ex-mayor, and also an ex French
consul. On the 31st August or the beginning of September,
I was called upon officially to appear before the chamber
of the French advocate—it was for the purpose of giving
some evidence to the President—and, therefore, as I saw
the defendant almost daily for some days afterwards, when
sbe called to visit my wife, it was impressed on my me-
mory. At the latter end of September she called and bid
adieu, as she was going to London. She had not done so
before.

Mrs. Eulalie Katzenstein said—l am the wife of Fiddle
Katzenstein, who keeps the Hotel de Vile de France, 38,
Dean-street, Soho. On the 3d September a fire took place
at a timber-yard next door to our hotel. Some of the
timber was brought into the house from the back ware-
house. All the back of the house was damaged, and tho
painters were at work for some time,
,both inside and out.
Whilst the hotel was in this condition we were not able to
receive any guests in the rooms, as we were all in disorder.
Eugenie
Coulano gave evidence as to her going on a
visit to the last witness in the early part of September,
1864, and corroborated her evidence as to the state of the
house.

Mr. Ribton said that he had a right to recall his witnesses
as they had not been examined on the point as to the stato
of the house.

Mr. Leverson objected on the ground that Mr. Itibtort
had closed his case, and said that his witnesses fixed their
date by a fire the same as the other witnesses fixed theirs
by letters.
Mr. Martin—With respect to the re-examination,of the
witnesses for the prosecution, I must say that there has
been a communication with them.

Mr. Leverson—Yes, I saw Mr. Hall go over to them,
and I accuse Mr. Hall with tampering with witnesses, with
perjury, forgery, and robbery.
Mr. Ribton—l must submit to you, sir, not to allow such
infamous kmguage to be used by Mr. Leverson towards a
professional gentleman of far greater respectability than
himself.
Mr. Leverson—l never committed forgery.

Mr. Leverson here asked Mr. Ribton a question.

Mr. Ribton (in answer)—l shall not answer any ques-
tion you ask ; you have conducted yourself in such a way
that I do not think you are entitled to it.

Mr. Alderman Finnis—l do not think that I can do any-
thing 6-Ise but send this case for trial.
After some discussion it Was agreed that Madame Valen-
tin should be Admitted to bail, herself in £lOO, and one
surety of £5O.

Mr. Leverson then applied to the court to impound a
certain document put in evidence, and order Mr. Hall into
custody for forgery.
Mr. Alderman Finnic declined to take this step, and said
it would be better for Mr. Laverson to pursue the regular
course.

Mr. Hall said he had no objection to the document in
question remaining in the hands of the court, and if Mr.
Leverson thought propeito give him into custody he would
remain, in order that he might have the opportunity of
doing so.
Mr. Leverson then said he would charge Mr. Hall with
having fraudulently uttered, put off, and altered a docu-
ment for tho purposes of the prosecution in that court; but
it did pot appear that the oharge was made.

Foreign Mail Packet List.

MAILS DUE.

Australia and New Zealand, via Southampton Sept. 18,
Ditto, via Marseilles Sept. 12.
Brazil and Cape Verds, by British packet Oct. 4.
Ditto, by French packet Sept. 22.
Cape of Good Hope, Ascension, and St. Helena... sept. 21.
China, Penang, and Singapore, via Southampton—Sept. 18.
Ditto, via Marseilles Sept- 12'
Falkland Islands
Gibraltar, via Southampton
India (Calcutta), and Ceylon, via Southampton.... Sept.
Ditto, via Marseilles .. . • . Sept. 12,
t
India (Bombay), via Southampton. ................. Sept.Se pt .
41 O. .
Ditto, via Marseilles
Mauritius, via Southampton
Ditto, via Marseire 3 Sept. 4.
4 1 Sept. le.
Newfoundland
Portugal .............. .....Sept. 1.
htoNoLritshbon
America,.
Bri.
uniteDdiTiabteysprainvramishitisp by

iisll packet .. • . • ..Sept. 7.
Ditto, by United States packet, via Southamp.
•

ton

Ditto,itto b via
Canadian
Ditto, packet, via Londonderry Sept. 8.
west Coast of Africa. Madeira, and Tenerife Sept, 10.
West Indies and Pacific (except Bahamas, Cuba,
and Mexico
Sept. 13
Bahamas, via New T ork. Sept. 13
Bermuda, ditto
Sept 28.
Cuba and Me2cico

ABD-EL-KADER.--A Paris correspondent of the
Semaphore of Marseilles relates the following anec-
dote of Abd-el-Kader :—"During his recent stay in Paris
the Emir went to Versailles to see the paintings represent-
ing the war in Africa. When passing before that repre-
senting the capture of his Smala, one of the persons of his
suite constantly placed himself so as to provent the Emir
from seeing what was likely to excite painful feelings.
Abd-el-Bader begged the person in question to cease this
manoeuvre, which he did not understand. The person
then stood back, and the Emir, at once discovering the
cause of the interference, turned to his suit and said, Ah !
gentleinen, if I had had painters in Africa, I should have
had my pictures too."