The Sun.
London, England, 1838-11-15 00:00:00

THE SUN, LONDON, THURSDAY, NOVEMBER 15, 1838.

impediments thus presented to him, any man who has a
map on his table, or the least knowledge of the respect!ve
Powers of Europe, must see that the fate of a Russian
invader once across the Danube is as completely at the
mercy of the Austrian army on its flank as was Napoleon
at that of Blucher at sunset on the day of Waterloo. We
meant to have accompanied the above remarks by the
mention of a short pamphlet which has been scot to us, on
" The Foreign Relations of England, by Mr. Montague
Gore," hut we must reserve the latter for a future oppor-
tunity.—Times.

FATAL ACCIDENT ON THE LIVER-

POOL AND MANCHESTER RAILWAY•

(From the Liverpool Courier.)
The luggage train, which left Liverpool for Manchester
late on Monday evening, met with an accident which ter-
minated fatally to the engineer and fireman, on ascending
the incline plane at Whiston. The train consisted of forty-
three waggons, and was propelled by four engines, two in
front and two behind. The rise of the road is about one
foot in ninety, and the train at a few minutes past eight
o'clock was seen advancing slowly up the hill at a steady
pace, when all of a sudden the Patentee, the first engine,
exploded with a noise resembling the firing of cannon,
the report being beard at Prescott and other places, more
than a mile distant. The engine broke away from the
rest of the train, and proceeded at a flying pace for
three or four hundred yards along the line. It was sadly
shattered, and the tubes destroyed. A search was made
for the engineer and fireman immediately on the train stop-
ping. They had been blown into the fields on either side
of the road, full forty yards distant. Charles Warburton,
the engineer, was found in a field on tite right hand tide
of the line ; his right leg was broken, and his head dread.
fully crushed. Samuel Jones, the fireman, a lad of set en-
teen years of age, was blown in a quite contrary direction.
His left leg was entirely severed from his body at the hip
joint, and was found several yards distant from the spot
where his body was discovered. Both men were dreadfully
scalded, and their clothes torn to shreds. None of the en
gineers or hreaksmen on the other engines received any in-
jury, their escape is attributed to the tender attach. d to
the patent( e engine hating formed a resistance to the power
of the exploded steam.
At three o'clock on Tuesday afternoon, a Jury met at
the sign of the Engine public-house, to inquire touching
the deaths of the unfortunate sufferers, John Heycs,
of Prescott, presiding as Coroner.
\Villiam Thomas deposed that he was a watchman in the
employment of the Manchester and Liverpool Railway
Company. Last night he went on duty ratherbefore his time,
and while sitting in his box heard au explosion,and running
out saw an engine flying past him. He had heard the train
regularly beating up the hill, just before the explosion.
On going out he ran after the engine. It was the Paten-
tee, and had run about 160 yards from the place where
the explosion occurred. He found the engine detached
from the tender. There were no firemen with it, and
the back of the engine (the fire part) was blown away, and
one of the tubes was hanging out. The tender was attached
to the Fury, the s_Tond engine of the trr in. The other
firemen asked if witness had seen the engineer and fireman
belonging to the Patentee, and on ascertaining that he had
not, they all went in search of them. The explosion took
place just as the Prescot bells were ringing eight o'clock,
and it strongly resembled a fire explosion in a coal-pit, or
the report of a cannon. Witness did not perceive that the
rest of the boiler was injured. The carriage on which it
ran was on fire, and the tire was still burning in the fur-
nace. Witness has frequently seen the engineers attach
weights to the safety valve, and hold on the lever, so as to
keep their steam up on ascending the incline. He believed
the Directors did not permit them to do so, and that they
were not aware of the practice. The deceased men were
picked up afterwards—one of them on the north, and the
other on the south side of the railway. Witness had fre-
quently seen the deceased " weighting" the safety valves.
He knew that the Patentee engine had been running for
more than two years. Two other engines followed the train.
It was dark at the time the explosion took place.
Mr. Melling, engineer to the Company, deposed that he
had seen the Patentee engine since the accident. The
furnace end was blown out. Witness could not account
for the accident. If there had been a scarcity of water
the leaden plugs would have melted, and the fire would
have been put out. A burst tube would have produced
the same effect. The Company strongly prohibit the
road engineers from " weighting" the engines, and would
discharge them on its being made known that they did so.
They had no right to press on the levers. Witness could
not state positively whether the Patentee had a safety
valve placed out of the controul of the engineers. Some
of the engines have three safety valves. The Patentee had
run five years, and belonged to the Manchester end of the
line. The boiler was about a quarter of an inch thick,
and was calculated to bear a pressure of fifty pounds to
the inch. No injury was done to the tender, except the
breaking of the drag-link, used to attach it to the en-
gine. If the deceased men had the steam up at too
great a pressure, and then applied pressure to the safety
valves, an explosion might be the consequence. It is
more dangerous to apply pressure to a boiler when the en.
gines ascend an incline than on level ground, the steam in
the latter case escaping much faster. Warburton was an
old and experienced engineer. Witness is practical en-
gineer at the Liverpool end, and has charge of the en-
gines. Mr. Fife is the engineer at Manchester, and the
Patentee belonged to him. Forty-three waggons was a
very great load, and, in his opinion, was the indirect case
of the accident, for provided the train had been divided, in
all probability the accident would not have happened.
'The Patentee was always reckoned a famous engine.
Richard Greenall, the road-engineer to the Bank Engine,
which is kept in waiting at the foot of the incline to assist
the trains on their ascent, deposed that he and the other
engineers last night, in consequence of their having the as-
sistance of the Lion, a new engine, agreed to take the whole
train, which consisted of forty-three waggons, up the in-
cline at once. Having four engines on the whole, he
thought they had plenty of power, as the Hercules had on
a previous occasion, by herself, taken up seventeen waggons,
and the Patentee sixteen waggons. The two hindmost en-
gines had scarcely felt the incline when the explosion took
place. The clothes of the deceased men were torn to pieces,
and the trowsers and shoes of one of them were separated
from the body. Both men lived at Manchester. War.
burton was married. Jones was single, and about eighteen
years of age. Witness had occasionally seen engineers
apply weights to the engines, and thinks there is scarcely
an engineer on the line who does not do so on a pinch.
Warburton wished to go up the line with thirty-three wag-
gons only, but the fireman agreeing with witness on the
probability of getting the whole train up the incline they
started with forty-three.
The jury returned a verdict of " Accidental death," with
a deodand of 20s. on the engine.

MR. THEODORE HOOK'S NEW NOVEL.--Under
the title of " Gurney Married," Mr. Hook has just given to
the world the sequel to his admirable " Gilbert Gurney."
The present work partakes of the merit of the former produc-
tion, and may perhaps be said to excel it in vivacity, truth, and
copiousness of character. In the facility with which Mr,
Hook sketches personal peculiarities he is unrivalled; the
readiness with which he falls into all the little niceties and
familiarities which mark the tone of society is equally striking;
the little appearance of labour in his writings, the singular
:varmth and unstudied vigour of his sentences, complete the
effect, and make his works the most lively, and at the same
time the truest, pictures of life we have yet met with among
late writers. " Gurney Married" will go far to make many
renders entertain the same opinion as the critic in Fraser's
Magazine, who says, " Theodore Hook's novels are the only
ones of the day that will go down to posterity, except those
of Scott and Edgeworth."

Tuesday morning, between seven and eight o'clock,
a boatman named William Dutton,navigating a barge from King-
ston- upon-Thames, accidentally fell overboard, opposite Ped-
lar's-acre, Lambeth, and was drowned. The deceased never
rose to the surface after he first disappeared.

--I\ARROW ESCAPE.—On B"unday last, an Irish-
man whose natural beat of brain was aggravated by the fiery
fumes of inordinate potations, was indulging in some rather
extravagant antics at the bottom of the China slip, when,
having struck several individuals, and it being surmised from
his riotous manner that further mischief was brewing, the
assistance of policeman Howard was called in. As soon as he
made his appearance, Pat bolted, and being hard pressed, and
no outlet appearing in any other direction, he rushed fairly
into the water, and made towards the College wall. But,
ignorant of the subaqueous localities, and bewildered by strong
drink, he soon got out of his depth, and would certainly then
and there have ended his days, had not a fisherman, who was
in a boat on the river, hastily rowed up, and with considerable
difficulty rescued the dripping and half-drowned Patlander
from a watery burial. He was conveyed to his lodgings in a
state of partial insensibility, but appears to have sustained a
very temporary it:convenience, as he left the town on the fol-
lowing day.— Worcester Herald.
The great county quoit match between Lord Kelburne
and Mr. Alexander of Ballochmyle, came off on Tuesday last,
at Darvel, when the Lanarkshire players were beat by the
Ayrshire by eleven shots. Great excitement prevailed during
the game. The day was fine, and a gr, at number of ladies and
Hinbursyl
As
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in
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genEtlxe;,eLnows'elroeNon thAeT L
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L S.—)n
Tuesday evening, about seven o'clock, a rather alarming cir-
cumstance occurred at these mills, which, had it happened at
any other time, might have been attended with fatal conse-
quences. A large grindstone is used in the lower part of the
building for sharpening instruments and other purposes, and
is of course driven by the machinery. On the evening alluded
to, owing we believe to additional power being used, the stone
flew in pieces ; several large portions being driven through
the rafters and floor, sixteen feet above, and afterwards pro-
jected through the roof of the building with great violence.
A man was thrown down at some distance, but not injured.
I'he sound produced was like that of the blasting of rocks by
gunpowder.—Edinburgh Courant.

MONEY AND CITY NEWS.

(FROM THE MORNING PAPERS OF THIS DAY.)
CHRONICLE.—This has been a very quiet day in the
Stock Exchange, and the markets generally were not quite so
good, but there was very little alteration in the quotations of
any. Consols are * lower, but left off firm at 94q buyers for
Money, and 94- to + for the Account.
In the Share Market Birmingham (Old) are 1/. lower,
being R 1 to 83 preai. The new shares are 24 to 25 prem. ;
Southampton (Old) .4.5 to 46} per share; Ditto ( New) 20
to 21 prem. ; Great Western 13i- to 141 prem. ; Leeds and
Manchester 17 to 19 prem. ; Birmingham and Derby 9 to
dis. ; Manchester and Birmingham to prem. ; North
Midland 2 to 3 prem. ; Midland Counties 12 to 10 din. ;
Croydon (Old) 161 to 17 per share ; Ditto (New) -4- to 2A-
Prcm. ; Blackwall 1 to dis. ; and Greenwich 31- to 3 dis.

POST.—No additional information has been received here
to-day, beyond that which has already appeared in this Journal,
and whether we turn to our foreign or colonial policy, or, in
addition, consider the distracted state of Spain and Portugal,
we find nothing sufficiently cheering to induce our capitalists
to make permanent investment) in either the British or Foreign
Securities, notwithstanding the difficulty of employing a very
large amount of idle capital otherwise with more profitable
results.

The British Funds have closed heavily, with a very limited
business, and the quotations of yesterday have not been main-
tained, although the Commissioners have again taken Reduced
Annuities to the amount of about 20,0001. sterling at 93i.
Consols closed at 94 to I-, for Money and the Account; Bank
Stock is 203 to i Money. The premium upon Exchequer
Bills remains at 68 to 70, and on India Bonds at 65.
The Foreign Market has been very flat to-day, and in the
few transactions which have been effected, the quotations have
shown no improvement. Spanish Active Bonds are 171- with
the unpaid coupons. Portuguese old Five per Cent. b.,nds
ore 754- to ; the new Five per Cents. are 31 to and the
now 1 hrce per Cent. ditto 20i to Brazilian Bonds are
7q- to and Colombian 25. Danish Bonds are 74h-. Dutch
Two-and-Half per Cents. 54} to -a, and the old Five per
Cents. 100 - to French Three per Cent. Rentes are 81f.
75c., with the Exchange 25f. 50e. ; and the United States
Bank Shares have been sold at 25-h- to +.

H ER A LD.—We continue without any arrivals which could
add to the Foreign or Colonial intelligence which has already
ippeared in this Journal, and the mercantile prospects of the
country afford at present but little optiortunity fur remark. A
degree of uneasiness, however, pervades the monetary interests
of the country, respecting the existing state and future policy
of the Government toivards our Foreign and Colonial rela-
tions, which, notwithstanding- the great influence that a;',:ry
large amount of Luernployed capital must necessarily have
upon the market value of the public securities, prevents them
from acquiring- that s ability 'Which, under other cieurnstances,
might have been anticipated. The distracted state of the Pe-
ninsula, '.whether we refer to wretched Spain, or the unsettled
affairs of Portugal also, conjointly serve to keep the markets
for English and Foreign Securities in that state of uneasiness
always consequent upon a doubtful state of either market, and
ufficiently accounts for the fluctuations which daily occur, and
the indisposition fur general speculation in anything but the
moot marketable of British Stock/.

The British Funds hose not closed quite so firm as they did
yesterd4, though the Government Commissioners have again
laid out about 20,0001. sterling in Reduced Annuities at
93i. Consols left off heavily at 94 al, for Money and the
current Account.

TIM E S.—The funds remain generally stationary, and with
little animation to-day.
The general impression is that money is abundant and easy
to be obtained upon the proposition of securities an thing like
tangible. It would appear, however, in the opinion of many
persons, that the contrary was the case, since banks are
springing up daily with the professed object of making money
more plentiful, or rather of making paper accommodation inure
abundant. Among other projects for this end one has made
its appearance, but in very private circulation at present, for
the forimition of an " Anglo-Belgian Bank," the prospectus
of which presents a highly coloured description of the wonder-
ful fertility and commercial resources of Belgium, and more par-
ticularly of its trading progress since the revolution there. In
this there may be considerable truth, but certainly with respect to
the wants of that country it has not been generally supposed that
a deficiency of capital was the chief. It has, on the reverse,
been seen that money was so easy that the principal part of the
loans raised for the public service has actually been subscribed
in the country itself, which may be taken as a proof that there
is no scarcity of capital seeking for beneficial investment.
For enterprises of every sort, such as railroads, mines, manu-
factures, insurance and loan companies, it is confessed that
there is no want of spirit and money among the people, and the
prospectus itself gives a list of those established since 1833,
which have absorbed capital to the extent of above
10,000,0001., en amount which will excite surprise even in
this country, where speculations of the same kind are
carried on upon so large a scale. Exclusive of other con-
cerns, there exist in Belgium two powerful monied institu-
tions, one of which, the Societe Generale, possesses a capital
stock of nearly 4,500,0001., and the other, the Banque de Bel-
gique, of 20,000,000 f., or about 800,000/., all paid up. It is
stated, indeed, that the accommodation rendered by these con-
cerns to the trading interests is inconveniently narrowed,
because they limit their discounts to bills which have three
well-known signatures, and are at short dates ;" but it should
be remembered that the Directors should be the best judges
of the course of business, and of the extent which is safe as
well as profitable. They have a direct interest in making
the most profit that is consistent with prudence, and therefore,
if long paper discounts are declined, the presumption should
be that the benefit is not considered equal to cover the risk.
They decline also, one of them at least, to advance by way of
loan, or to make advances upon bonds, which must appear to
be a commendable prudence where there is a paper cir-
culation to be provided for "payable to bearer in specie." It
Is mentioned, moreover, that besides these two institutions,
there are between three hundred and four hundred pri-
vate bankers, which, for a country like Belgium of 4,000,000
inhabitants, seem to be a proportion of money-
dealers quite adequate to its agricultural and com-
mercial exigencies. The conjoint capital of these is esti-
mated not to exceed 20,000,000 francs, but it is clear that
such a calculation must be founded on very loose data, and
ought not at all to be relied upon. In addition to the usual
business of bankers, the A nglo-Belgian Bank proposes to
make advances upon " investments in the public fui.ds of Bel-
England, France," and other countries. Besides the
circulation of promissory bank paper payable on demand, the
bank Is to issue "deposit receipts" bearing interest, with a
view, of course, to attract small depositors. The shareholders,
iit s stated, without any qualification, and as it would seem,
not subject to any contingency of deficient profits or absolute
losses, are to " receive 5 per cent. per annum upon the sums
paid up," besides a dividend. It will be seen from this sketch
that the system of operations proposed is, to say the least, of
a very questionable character, and such as will be scarcely
compatible with a sound money business. But, after
all, it is by no means established that there is any
deficiency of capital, public or private, in Belgium,
for all the purposes of traffic and speculation. The
rates of interest current are not high, and the dividends of 8
to 10 per cent, noted as being paid by the two establishments
referred to, which have been in operation several years of
prosperous times, can be no criterion on which to found a cer-
tainty of similar results—results which, after all, cannot be
looked on perhaps as sufficiently brilliant to compensate the
risk which should always be taken into account of embarking
in joint-stock banking speculations in a foreign country,
where the property and the management can from the nature
of things be so little under the control or supervision of share-
holders here. It is sufficiently difficult to check paper money
dealing on the spot, but afar off it must of course be next to
impracticable.

The Belgians, after all, having speculators enough of their
own at home, will probably have the discretion to oppose any
introduction of the kind from abroad. What should we say to
American, or French, or other capitalists, seeking to found
banks in England?