The Sun.
London, England, 1865-03-31 00:00:00

ABRIDGED PROSPECTUS.

1. This Company was established last year for the pur-
pose of extending the benefits of Life, Fire, and Guaran-
tee business generally throughout Great Britain, France,
Europe, India, the Colonies, and other parts of the world,
and to offer greater facilities for effecting the same at such
reasonable rates as experience has found to be safe and
practicable ; the Company having already done a large
amount of business in this country, and established influ-
ential Boards in Paris, Florence, and the Mauritius, with a
thousand active agents throughout France, they now come
before the public for the purpose of still further extending
their operations at home and abroad.
2. Life Assurance is the most beneficent institution ever
established by man, and is making great progress in this
country, while on the Continent its great advantages are
beginning to attract attention ; the present is, therefore, a
most favourable time for this Company to establish its
business throughout Europe, and as its policies are indis-
putable, except for fraud, there is no doubt it will succeed.
8. The profits will be divided among the shareholders by
paying 5 per cent. half yearly, all the profits of the general
business yearly, and 20 per cent. of the life profits as a
bonus every five-years. This liberal division of profits will,
it is believed, make the shares in the Company very valu-
able. _ _ _ _ _

4. Fire Insurance.—The question of the reduction of
duty on fire policies having been settled by the House of
Common; it is expected that Mr. Gladstone will reduce the
duty to Is. per cent. immediately, which will give such an
impetus to this description of business, that the revenue
will not suffer, while the benefit to this Company by the
introduction of new business will be immense.

5. Guarantee —A liberal and extended system of guaran-
tee has long been felt as a commercial necessity, which this
Company proposes to supply, and by good management it
will no doubt secure the support of the commercial world.
6. The influential Councils of Administration already
established in Paris, Florence, and the Mauritius, with
those now in course of formation in the chief States of
Europe, will, it is believed, enable this Company not only
to extend the business of Life and Fire Insurance, but also
place it in a position to negotiate concessions of works of
public utility, and to assist States and individuals in the
development of their resources, by introducing sound and
beneficial undertakings to capitalists and finance companies
in this and other countries.
7. Part of the capital of this Company having been 'sub-
scribed last year the Directors commence business, and thus
tested the promises of support made from various quarters.
The result was the receipt of 1,272 proposals, amounting to
£1,034,431, which thpy consider most satisfactory ; and
having established various agencies and councils of ad-
ministration on the Continent, and having also received
offers of business from other quarters, they now feel justi-
fied in offering the remaining sharps to the public, as the
present business will pay a fair rate of interest, while the
mcrease they have a right to expect will make the shares
a safe and valuable investment.

"171;trie;vent of no allotment of shares being made,
the deposit will be returned in full. Should a less number
of sham be allotted than are applied for, the deposit will

CONSULT Mr. A. ESKELL'S popular and
reliable TREATISE on the TEETH before having
recourse to the Dentist "The expense is not great, and it
will well repay perusal."
Published by John Clements, Little Pulteney-street ; and
may be had through any booksel er, from Simpkin, Marshall,
and. Co., Stationers'-hall-court Price, 7d. ; in cloth, lad.

MADAME RACHEL, whose talents have gained
for her a world-renowned name for preserving and
enhancing youth, beauty, grace, and loveliness, and whose
Royal Arabian, Circassian, Baths, Spic, tr, and Perfumes ren-
der the hair, teeth, and complexion beautiful beyond com-
pariaon, giving the appearance of youth and beauty to per sons
however far advanced in years, have caused her name to stand
a marvel of the age, of which delicate and costly arts she
stands the sole possessor.-47A, New Bond-street.

TEETH.—Mr. ESKELL'S exclusive PATENT.
The right to this patent was secured to Mr. Eskell, of
8, Grosvenor-street, Bond-street. by a Royal seal (July 17,
860), a d can only be procured at his residence, where speci-
mens may be seen, and every information can be obtained.
Under this patent, artificial teeth, to last a lifetime, are
made, and fitted in a few hours without pain or extractions.
They support loose teeth and protect tender gums ; their re-
semblance to nature is perfect and undetectable, and they are
guaranteed for mastication and articulation. Treatise on the
subject sent for seven stamps. Consultations free. Terms
strictly moderate.-8, Grosvenor-street, Bond-street

DINNEFORD'S FLUID MAGNESIA.
The medical prof e ,sion for Thirty years have approved
of this pure solution of Ma2nesla as the best remedy for Gout
and stomach disorders of every kir d ; and as a mild aperient
it is est ecially adapted for ladies and children. Prepared
sole y by
DINNEFORD and CO., Chemists, &c.,
172, New Bond-street, London ;

And sold throughsut the world by all respectable chemists.
CAUTION.—See that " Dinneford and Co." is on each bottle
and red label over the cork.

THE BENEFACTOR OF THE SKIN.-
MOLLARD'S perfumed Toilet Sulphur Soap and
Cream, highly patronised by the faculty, nobility, and gentry.
Nothing equals the properties and qualities of the Soap No.
1 for ordinary toilet purposes, and of Nos. 2 to 5 in all cases
of cutaneous affections or rheumatism. _ . _

Perfumed toilet cream, cold cream, and pomatam for the
hair.

Barege cream for sulphur baths, without any disagreeable
odour. . _ _

All these preparations may be had at the central depot,
MIA, Regent-street, London, W. ; and at Messrs. Newbery
and Sons, Barclay and Sons, Edwards, Keating, Sanger and
Son, iozeaunetti, and all chemists. Pamphlets and testt-
mon fals tree on a plie,ation.
Agent for Edinbargh—Mr. John brilay, chemist, 119,
George-street

DR. SCOTT'S LIVER AND BILIOUS
PILLS.—A NEVER FAILING RESlEDY.—Pre-
dared without any mercurial ingredient, from the recipe of Dr.
Scott, of Bromley, Kent, will be found invaluable to all who
,uffer from bilious and liver nomplaints, indigestion, wind,
.palms, giddiness, dizziness of the eyes, as For habitual
•ostiveness, as a family aperient medicine, and as a purifier
•,1 the blood, they are truly excellent; mild in their opera-
ion and grateful to the stomach, they create appetite, pro-
mote digestion, and strengthen the whole nervous system.
Sold by W. Ltamhert, 3, King William-street, Charing-cross.
London, and by most druggists, in boxes,is. lid., and three
Braes the quantity IA one, 2s. 9d. Be sure to ask for Dr.
S:ott's Buttons and Liver PlllB. The genuine are a square
green package. with" William Lambert," engraved on the
s tamp.

ROYAL FREE HOSPITAL, Gray's-inn-road,
in the immediate vicinity of the Great Northern Rail-
way Terminus, King's-cross.
Patron—Her Most Gracious Majesty the QUEEN.

The Committee earnestly solicit the ASSISTANCE of the
benevolent, as the premises of this Hospital are 'capable of
containing several hundred more beds, had the Committee
the requisite funds to maintain them.
Contributions are received by the Treasurer. Edward Bias-
terman, Esq., Nicholas-lane; also by Messrs. Contra and Co. ;
Drummond and Co. ; Giyn and Co. ; ferries and Co. ; Ransom
and Co. ; Prescott, Grote, and Co.; Smith, Payne, and Co. ;
Barclay and Co. ; W illiams, Deacon, and Co. ; Overend, Gur-
ney, and Co. ; Nisbet and Co. , Berners-street ; L Earned and
Co, , Liverpool ; and at the Hospital. from 10 till 5.
tiTANFOUD bkilTU Secretary.

THE SOUTHERN CONFEDERACY.

(From the Times' Special Correspondent.)
RICHMOND, March 4.

Without a moment's lull the war, for the first
time in its history, has raged furiously through the
winter, and, undeterred by such floods of rain as
never heralded early spring, Sherman strives to push
northward through the swamps and pine-barrens of
the Carolinas, while Sheridan drives southward at
the heart which Virginia has so long stood at bay to
cover, while Grant peers anxiously for a weak spot
in the armour with which Lee has girdled Richmond,
and which, undaunted as ever, he still defends.
Were my time passed exclusively in camp, where
the pleasantest hours I have known in Secessia have
been spent, and where I take counsel only from the
language of soldiers, I should say that the campaign
of 1865 opens- More hopefully for the Confederates
than the campaign of 1864. On the other hand,
were my whole time passed in Richmond and my
visits to the Confederate Congress of daily occur-'
rence, I should say that the rebellion begins toucher
a la fin, that Southern resistance is on the eve of
being stamped out, and President Davis soon likely
to be in a condition to join Candide's assemblage of
discrowned Kings. The truth, probably, lies be-
tween these two extremes of opinion; but I incline
to the belief that it is more faithfully represented by
the scarcely abated faith and valour of the soldiers
than by the contemptible irresolution of timorous
speculators or the bewildered depression of vacilla-
ting Congressmen. It is difficult to speak with
patience on the subject of legislative bodies called
to deliberate in the supreme agony of a nation,
which it is not too harsh to say that, in times like
these, they are utterly unworthy to represent.
Would that I could pass by this subject in silence,
or delineate by such a row of asterisks as constitute
certain chapters of " Tristram Shandy" the recent
deliberations of the Confederate Congress. To me
it seems that the conduct, language, and bearing of
the House of Congress, both at Richmond and
Washington, throughout this terrible American
crisis have been such as to bring republican institu-
tions into derison and discredit all over the globe.
For 100 days in the Capitol under the shadow of
which I am writing the frothy war of words has
furiously raged, but up to the present hour not a
single measure to augment the strength of General
Lee's army, or fill by 'taxation Mr. Trenholm's
coffers, has passed into legal existence. For nearly
three months Gen. Lee's demands for the enlistment
of negroes was met with Congressional asservations
that the time for such a measure is not come, until
suddenly, within the last few days, a cry has been
heard of " Too late !" Oscillating between the two
cries of " Not yet" and " Too late," more interested
in prosecuting petty malignities at home than in
broadly breasting a common foe abroad, thinking
solely whether some remote country district of
North Carolina or Georgia will continue to its re-
presentative some pitiful pp() or pp() per an-
num for yet another two years, the politicians of
the South, emulating the example of their brethren
in the North, have brought the very name of
their craft and calling into ridicule and execra-
tion. The films are ripe for the assumption by

Groneral-Lee of a military dictatorship, and never
did there figure in history an eminent sol-
dier to whom a people's liberties might
more safely be committed, but who had less of the
temper of a Cromwell or a Napoleon, than Robert
E. Lee. We are promised that the Negro Enlist-
ment Bill and the taxation solicited by Mr. Tren-
holm will next week be passed ; but it is sickening
to think of the weary weeks which have been wasted
in a vacillation which has given heart to the Fede-
rals, while it has sapped the glorious stanchness of
the soldiers who take their tone from Longstreet or
Lee. Lately I have heard in this town language
which it must have been difficult to utter in the pre-
sence of the widows of Stuart, Stonewall Jackson,
and thousands of• others who gave their lives that
Secessia might be free. But clear above the turmoil
of despondency rises the voice of Gen. Lee, stating
that if he is beaten it will be from the rear and not
from the front; that the military situation seems to
him as promising as that of any campaign upon
which he has embarked ; and that, unless his coun-
trymen give way to senseless dejection, nothing can
prevent their ultimate independence. Among the
civilians of Richmond there are also brave voices
heard. The utterances of the Richmond journals,
especially of the Dispatch and Examiner, have lat-
terly been worthy of the best days of the struggle ;
and, without exception, the clergymen of every de-
nomination, and, almost without exception, the
women of Virginia have given no uncertain sound,
but have stimulated by the most powerful of human
levers, love and faith, the courage and endurance of
their countrymen.

It is idle to pretend that any danger is so me-
nacing to the Confederates as the army of Sher-
man. For more than nine months Grant, blocked
by the lines around Petersburg and Richmond, has
made no material step in advance, until it has be-
come a received opinion that Richmond's triple
line of fortifications, if manned by even a third of
the number ever likely to assail it, is practically
impregnable. It is known, too, that Grant has
latterly been making bitter complaints about the
material which has been added to his ranks. But
the army of Sherman, composed of the finest
stuff which the Federals have ever put in the field,
flushed by a career of success unbroken since it
first advanced, ten months ago, from Dalton, in-
toxicated by the plaudits of its countrymen, for-
midable in numbers, and still more so in morale,
streams resistlessly upwards from the South, and it
is felt that if ever an American battle promised to
be decisive it will be the battle seemingly destined
to take place in the neighbourhood of Raleigh
between Johnston and Sherman. Your readers
will have followed Sherman's course since he cap-
tured Columbia and flanked his enemy out of
Charleston and Wilmington. In the first instance
it seemed to be Sherman's design to advance along
the railroad which connects Columbia with Charlotte
in North Carolina ; but whether he was checked by
Beauregard's firm attitude (previous to the assump-
tion of command by Johnston) on the Catawba
River to the south of Charlotte, or whether he was
baffled by the difficulty of moving supplies and
artillery through the miry swamps of the Carolinas,
Sherman, shortly after capturing Columbia, struck
eastwards towards the sea coast with the apparent
design of making a fresh sea base at Fayetteville,
which is connected with Wilmington by the Cape
Fear River. Simultaneously a strong force of Fede-
rals, probably 20,000 strong, under Gen. Schofield,
is striking inwards from the coast at Newbern, with
a view to effecting a junction with Sherman near
to Goldsborough--an important station on the Wil-
mington and Weldon Railroad, and distant net more
than 40 miles from Fayetteville. It seems proba-
ble that the coming battle will be fought on the
line between Goldsborough and Fayetteville, unless
Johnston elects to give up Raleigh to his enemy
with a view to getting him deeper into the heart of
North Carolina before he ventures upon battle.
Meanwhile the old lesson of the war about the
immensity of Southern distances is again likely to be
taught to Sherman. In order to gain a new base at
Wilmington he has been compelled to set free the
main artery of General Lee'sarmy from the South,

the railroad from Columbia to Richmond, via Char-
lotte, Greensborough, and Danville. It is my belief
that the'impossibility of starving out the Confede-
rate armies while Johnston's army derives supplies
from South Carolina and Georgia, and the abun-
dant resources of Virginia and North Carolina are
available for Lee, will be learnt before many weeks
have flown. The obvious danger which menaces
Secessia is that, in order to defeat Sherman, Lee
may be compelled so to weaken his army as to be
unable to hold the lines around Petersburg and
Richmond. But it will, I think, be found that in
the coming battles the Confederates will fight with
-the old elan and impetuosity which carried against
superior numbers :the heights of Chancellorsville,
and bracketted with Albuera the recent name of
Gaines' Mill.

In that distant south-west of the Confederacy,
which is both to Confederates and Federals a sealed
volume, a promise of a brighter Confederate future
seems in store. A despatch from General Forrest—
a man who when the true history of the war is
known will share with Jackson and Lee its choicest
honours—announces that he has a force which is,
in his judgment, more than a match for General
Thomas, and that the campaign of 1865 opens better
for the Confederates than any of its predecessors.
Such an utterance from the mouth of a man who is
as little given to boasting as Lee himself will com-
mand respect, even in Washington. But of more im-
portance than the words of General Forrest is the fact
that in Georgia and Alabama a grearkevival of Con-
federate enthusiasm is announced. The plucky-little
town of Mobile will not fall into Canby's hands with-
out a sharp struggle, and, if anything like disaster
arrests Sherman, we are promised assistance from
lukewarm Georgia, to an extent which seemed little
likely two months ago. The inhumanity of Sherman,
the rabid exultation of the New York press, the
consciousness of the unutterable horrors which
Yankee dominionwill entail, are driving Southerners
to the front with something of the enthusiasm of
1861, and, be the result of the imminent battles what
it may, they will, I think, reflect no disgrace upon
Confederate arms. From across the Mississippi,
where, according to the tantalising rumours which
have reached us for the last 12 months, 50,000 Con-
federates in the highest state of efficiency have long
been revellling on the fat of the land, there comes a
voice which says that some fighting will this year be
done. Altogether, I am daily more convinced that if
Richmond falls and Lee and Johnston are driven
from the field, it is but the first stage of this colossal
revolution which will then be completed. There will
ensue a time when every important town of the South
will require to be held by a Yankee garrison ; when
a problem which Lord Stanley well described some
months ago as far transcending in difficulty anything
the Federals have yet accomplished will bepresented
for their solution ; when the exultation of New York
will be exchanged for soberness and right reason,
and when it will be realised that the closing scene of
this mightiest revolutionary drama will not be played
out save in the times of our children's children.

Extraordinary Charge of Embezzlement,

(From the ,shaborne Journal)

On Saturday last the Earl of Shaftesbury, Lord-
Lieutenant of the county, came down to Sherborne,
attended by Mr. Bidwell, accountant, of Liverpool,
and preferred an information, upon which Captain
Falwasser at once issued a warrant for the arrest of
Mr. Robert Short Waters, for embezzling two sums
of £27 15s. 7d. and £25, in 1857, while steward to
the Earl of Shaftesbury. The warrant was placed
in the hands of Superintendent Lewis, who went to
London on Sunday, and next day proceeded to a
place called Greenhurst, at Oxted, in Surrey, distant
some eight miles from the Godstone-road station.
Here Mr. Waters occupied a farm, living in an
-elegantly furnished house. The officer had had the
warrant backed, and was assisted by a Surrey con-
stable. Ile had to wait until nearly 11 o'clock,
when Mr. Waters drove up in a tandem, accom-
panied by a groom in livery. The superintendent
at once explained his unpleasant business, and a fly
having been procured, the prisoner was taken away,
handcuffed, to the Godstone police-station, where
he remained during the night. On Tuesday he was
bronght down to Sherborne, and lodged in the
police-station here, and on Wednesday, at half-past
2, the prisoner was brought up and placed at the
bar, before Mr. John Goodden, Mr. J. F. Falwas-
ser, and Mr. W. N. Allford. The Earl of Shaftes-
bury appeared, accompanied by his solicitor, Mr.
Humphreys, of Newgate-street ;Mr. Lewis, of Ely-
place, appeared for Mr. Waters. As soon as the
doors were opened a very large body of persons
found their way into court, evidencing the greatest
interest in the matter.

Mr. Humphreys said lie had the honour to ap-
pear on behalf of Lord Shaftesbury, who was the
prosecutor in this case against the prisoner at the
bar, who was in his lordship's service for 12 years as
steward. lie was the steward of the late Lord
Shaftesbury, and continued to fill the office after
the present earl came to the title and estates, and he
remained from the time his lordship came into the
possession of his property in 1851 down to July,
1853, when his lordship felt it to be his duty, in
consequence of some irregularities which he disco-
vered with respect to the accounts, to intimate to
the prisoner that he must either resign or be turned
away, and he thought proper to resign. His duties
as steward were these :—He had the management of
Lord Shaftesbury's estates in Dorsetshire, of his
estates in Yorkshire, and of his estates in Wiltshire,
ann was paid by a salary of £430 a year. He had a
house to live in, and his travelling expenses were
paid. His duties were to receive the rents and other
moneys which were paid for or on behalf of Lord
Shaftesbury, and to pay them into his lordship's
account at the Blandford Bank. Lord Shaftesbury
`also kept an account at Messrs. Hoare's, and the
moneys paid into the Blandford Bank would be
transmitted to the account in London. His lordship
also kept another account—an " estate account," at
Blandford, which he used to supply with money from
time to time, the arrangement being that about
£5,000 should be paid into this account, and that if
Mr. Waters wanted any further supply he had only
to make application for it. His lordship had a
tenant named William Target, who was tenant of
Old Down Farm, at a rent of £272 a year, payable
half-yearly, but in point of fact the custom ap-
peared to be that he had a half-year's credit. The
defendant was charged with embezzling two sums of
£27 15s. 7d. and £25, the first being received in
January and the other in April, 1857. These two
sums were paid by Mr. Target, and they had never
been accounted for in any shape by the prisoner,
who had used them for his own purposes. He was
not in a condition to call before them Mr. Target
to-day, and all he proposed to do was to swear Lord
Shaftesbury and the accountant to their depositions
and ask for an adjournment, when he should be pre-
pared to show that the prisoner had embezzled
various sums amounting to several thousands of
pounds. The accounts had been thoroughly inves-
tigated by an accountant, and that accounted for
the delay in these proceedings, for which, indeed,
there was another reason. The prisoner had filed a
bill in Chancery against Lord Shaftesbury, and his
advice to his lordship was not to take any criminal
steps until he had put in his answer. That had
been done, and his lordship was now acting not
only under his advice, and of his private soli-
citor, but of counsel as well. There was some reason
to believe the prisoner intended to leave the country
as he had a sale of stock and effects a few days be-
fore his apprehension.
His lordship was then sworn to his information,
which in effect was that he was informed and be-
lieved that there was a great defalcation in his
accounts.
Mr. Lewis proposed, if there was any objection
to an application for bail, to cross-examine his lord-
ship. He declared that the accused was entirely

Mr. Bidwell was sworn to his deposition. He is
an accountant at Liverpool, of 20 years' standing,
and he was employed to investigate the accounts of
the prisoner, and he swore that he had found ac-
counts entered falsely and fraudulently, and that he
had received moneys which he had not accounted
for. That he had charged money as being remitted
to Messrs. Hoare, which he had paid to his private
account, and that he had misappropriated several
thousands of pounds, among them being the two
sums named.

Superintendent Lewis was then sworn, and stated
that he apprehended the prisoner. He came readily.
He heard several persons say that the furniture was
all sold.

Mr. Lewis read the bill of the prisoner's sale,
21 acres of wheat straw, the sheep feed of 30 acres,
three fat Devon steers, and some hay. lie then
called—

Mr. Helmsley, defendant's solicitor, who declared
that defendant had not attempted to evade any of
the Chancery proceedings ; that a distress had been
put in upon the prisoner for rent, and that on appli-
cation to the Vice-Chancellor he had allowed an
injunction. It was stated in the answer to the
application that the prisoner was about to leave the
country. He went out to Sardinia about the pro-
motion of a railway, but he came back again. The
defendant's answer in the Chancery proceedings
was now before counsel. In cross-examination he
said he was connected with the prisoner. He had
books relating to the prisoner's accounts, but did
not know that they belonged to Lord Shaftesbury,
as they were duplicate books. He was not aware
that the prisoner kept 15 hunters about the et/ Witty
on his £450 a year. -
Thomas G. Bell, prisoner's clerk, was called to
prove that only:the things before enumerated were
sold ; and Mr. Edward Waters, prisoner's brother,
swore that he believed he had not the slightest in-
tention of leaving the country.
The magistrates retired to consider the question
of bail, and on their return Mr. Humphreys men-
tioned that when the injunction was granted out of
some £9OO rent due, a sum of £570 was ordered to
be paid into court, and that as regarded the rest it
could not be recovered, as his lordship's auditor had
passed it in the account.
Mr. Helmsley said the £570 had been tendered,
but Mr. Humphreys said it was to the bailiff in
possession.

In cross-examination, Mr. Helmsley stated he
was told there might be criminal proceedings before

Le defendant filed the bill.

The magistrates consented to accept bail, the
prisoner's own in £l,OOO, and two sureties in
£2,000 each. Mr. John Waters and Mr. Edward
Waters entered into the . required bail, and prisoner
was liberated, the case being adjourned for a week.

...~,,,,