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 14,353, 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 for
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 B UREN ON GE A. M'CLELLAN

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 :

6, 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 more 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-
claring 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 111.‘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 be the action of the people in regard
to this call; but he has a right to assume that he would be
ce
ontinucertainlyed
too
would
re-electedhis
election
e makect naan
no President
eaffmet
oto
pf
tpetohds eeed
snewteo. os n
Af
shouldddme r ac
bys
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 he
will draw, but now that he 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 misrapresen-
teflon 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
1
you all that I intended, I purpose taking
think that it is not amiss that in the rooms of the Young
Men's Democratic Association, where so many popu-
largreastee
movements have been inaugurated and success ten
followed, that the name of M'Clellan, in connexion ;
and
these
apprehend with great confidence thates with
this high office, should have been first presentede eople, my leave. n
and that
course, have restored the Union
by this removal,
M'Clellan will be the President of the whole Union under
an amended Constitution."
The concluding portions of Mr. Van Buren's speech
were received with
immense applause.p by their

The annual inspection of the Inns of Court Rifle
Volunteers by Colonel lkl‘Murdo, C. 8., Inspector-General
of Volunteers, will take place in Richmond Park on Satur-
day neat, the 29th inst., at 2 o'clock. The regiment will
parade in fling's Bench-walk, Temple, at 1.1a.m., prepa-
ratory to proceeding by train to Richmond.