The Sun.
London, England, 1862-09-23 00:00:00

ILLINOIS CENTRAL.

Mr. Osborn, the president, states in his report that the
increase in traffic for the last 60 days has made up the defi-
ciency in the first quarter of the present year, and, as the
expenses have been reduced, the not earnings to the Ist of
September are 200,000 dole. beyond those of the same period
of last year. Wheat sells at 90c. to 1 dol. in Chicago, and
corn at 29c. to 32c., and for six weeks the company have
found it impossible to move the grain off3red at the station,
and, as the warehouses are full, purchasers are withdraw-
ing from the country in consequence of the uncertainty of
getting their grain to market before the close of the naviga-
tion. This, he states, cannot be remedied this season, It
is indispensable to increase their stock during the winter,
for this autumn he estimates their loss from the short sup-
ply of cars at least at 500,000 dole, of business and collec-
tion, in the land-office. This he considers the more vexa-
tious as that the resources of the line are sufficient, for the
first time, to give a dividend on all its share capital. This
favourable turn of affairs will, he thinks, obviate the neces-
sity of the shareholders taking up the question of dealing
with full-paid stock at the adjourned meeting called for the
15th proximo, as they have the funds in hand for the Janu-
ary payments.

TV_RECK OF A PORTUGUESE SHIP.

IMPORTANT LIFEBOAT SERVICES.

LITTLESTONE, KENT, Monday Night.
Last night information was brought to this place that the
Portuguese barque Cruz, from Hamburgh to Oporto, with
a general cargo, and having 14 hands on board, was on
shore. Thomas Mockridge, chief boatman of the Coast-
guard, and coxswain of the lifeboat, thus reports the ease:
" The chief boatman in charge of the Romney Coast-
guard station, and his crew of six men, arrived at this sta-
tion about nine o'clock last evening, with information that
a ship was on shore abreast of No. 2 Battery, Dungeness
Division, It was blowing hard at the time from E.N.E.,
with a heavy sea, and the night very dark. Knowing it
was not possible for any Coastguard galley to put off from
the shore, it having previously blown fresh gales, we im-
mediately launched the lifeboat of the National Lifeboat
Institution, but owing to the flatness of the shore, and the
sea running in heavily, we had a very laborious task in
launching the lifeboat, there being so much broken water.
We had also about four miles to pull to the wreck, which
we reached about 11.30 p.m., when we found the crew in a
very excited state, and in much confusion. They were
about to abandon the ship in their own long boat; but ob-
serving the lifeboat they cheered our approach. Had it not
been for our timely arrival the ship's boat must have
swamped with her crew. After we had been on board
about an hour, we succeeded in pacifying the crew.
" The sea was making a clear breach over the ship, and
the crew not knowing each other's language, much confu-
sion was caused ; but in the end we succeeded in getting
all hands on board the lifeboat and effected a landing. The
barque, although having had the assistance of two tugs at
the next tide, is still on the shore, having lost her rudder
and keel, and is now discharging her cargo. _ _

" I beg to state that this lifeboat behaved remarkably
well, and is well adapted for this locality, or we should
never have succeeded in effecting a launch ; and I hitve also
to add that I received most valuable ,erviee from Mr. John
Holton, chief boatman in charge of the Romney station,
who accompanied me in the boat, knowing the whereabouts
of the ship on the shore.—l have, &c.,
" THOMAS NOCE:RIDGE,
Chief Boatman in Charge, Littlestone Station,
and Coxswain of Lifeboat."
The cost of this valuable lifeboat, which was named tho
Providence by the donor, was presented last winter to the
National Lifeboat Institution by the Rev, H,
Hutcht-
son, of Canterbury.