The Sun.
London, England, 1849-07-21 00:00:00

LONDON, SATURDAY
,
3 111 N 7 JULY 21 1849.

t%TANCHESTER, SHEFFIELD, and LIN-
COLNSHIRE RAILWAY.
OPENING of the LINE to LINCOLN, GAINSBOROUGII,
MARKET RISEN, HULL, GREAT GRIMSBY, &c.
The public are respectfully informed that the portion of the Man-
chester, Sheffield, and Lincolnshire Line between Sheffield and Gains-
borollgh will be OPENED for pa.ss_nger and merchandise traffic on
the 17th instant, thus forming a direct communication between the
south-eastern and north-western parts of England, as well as between
the ports of Liverpool, Hull, and Great Grimsby.

TIMES of ARRIVAL and DEPARTURE at the FOLLOWING
PLACES until FURTHER NOTICE, viz. :

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QU E E N'S VISIT to IRELAND and
SCOTLAND.
SUMMER EXCURSIONS BY RAILWAY,
Offering a choice of nine, fifteen, or twenty-two days, July 23 and 3 0
From London to Edinburgh and Back . . 425.
Dublin and Back . . • . 425.
„ Liverpool and Back 21s
manchester and Back . . . . 21s.
Chester or Shrewsbury and Back . . 20e.
Bangor and Back 28s
Tickets, bills, and every information may be obtained of Mr. 11. B.
Marcus, manager and conductor, Crosby Hall-chambers, Bishops-
gate-street, London.

0. HEAP EXCURSION from LONDON
v to BIRMINGHAM and BACK, for 125., allowing nine, fifteen,
or twenty-two days, from the Railway Station, Euston-square, on
MONDAY AFTERNOON, July 23 and 30.
Tickets and every information may be obtained of 11. R. Marcus,
manager and conductor, Crosby Hall-chambers, Bishopsgate-street

INDEPENDENCE OF HUNGARY.
A PUBLIC MEETING will be held in the London
Tavern, Bishopsgate-street, on MONDAY NEXT, Juy 23d, for the
purpose of Expressing Sympathy with that Noble, Maligned, and
Betrayed People,

THE HUNGARIANS.
Also for Vindicating the People of England from any participa-
tion in t'e sentiments expressed by a portion of the public Press,
as to ilia Subjugation of Hungary by the Russian and Austrian
Armies.

The following Noblemen and Members of Parliament have ex.
pressed their intention to take part in the proceed;ngs :—Lord Beau•
mont, Lord Dudley C. Stuart, Lord Nugent, John Abel Smith, Esq.,
It. Bernal Osborne, Esq., T. .Milner Gibson, Esq., Colonel Thompson,
James Clay, Esq., W. Scholetield, Esq., W. Ewart, Esq., &c., &c.
The Chair will be taken at Twelve for One o'clock, by David Sa-
lomons, Esq., Alderman.

HELL GWYNNE TAVERN and CHOP-
HOUSE, Bull Inn-court, Strand, for Luncheons, Dinners,
and Suppers, Three Doors East of the Adelphi Theatre, and opposite
Adam- street.

Messrs. ARCHER and HOLT most respectfully invite their
friends and the public to patronise the Nell Owynne Coffee-room,
which has been fitted up in the style of the period in which she lived.
Visitors to the Theatres, Citizens, and Gentlemen connected with
Somerset House, and the Banking Houses in the vicinity, will find
the Table d'Hote, which takes place at rlalf-past Five precisely, the
most comfortable and rea.onable in the metropolis.—Fish and
Joints, 2s. per head. Hot Joints until Eight, and Suppers untL One
o'clock. Private Dining-rooms excellent Beds, superior Wines and
Spirits, fine Ales, and Barclay and Perkins's Stout.
N.B. An Entr,..nce also from Maiden lane.

THREE CROWNS HOTEL, AND COMMER-
CIAL HOUSE, LEICESTER.
THOMAS FREER returns his most grateful thanks for the very
liberal patronage he has met with during his residence at the above
Hotel, and begs to assure those Commercial Gentlemen who may
favour him with their support, that every exertion shall be used to
merit a continuance of the same.

ditto 47s Od to 50s Od. Barley, 22s Od to 23s Od. Oats, 183
6d to 193. Peas and beans, 23s Od to 25s 6d.
Coax, JULY 18 —Flour—Firsts 14s Od to 15s; extra 15s 6d ;
seconds, 13s Od to 13s 6d; households lOs to 12s; thirds, 8s to 10s
per cwt. Oatmeal 13s Od to Os; Indian steal 8563 to 9 ; wheat-
meal, 10s 6d tolls per cwt. Indian corn 7/ 17s 6d to 812 s 6d per
ton. Bran 41 to 415 s per ton. Hay—Farmers 20s to 255; average
245; dealers 24s to 465; average 00s0d per ton. Straw—Farmers
24s Od to 403 Od ; average 00s ; dealers 44s Od to 00s Od;
average 00s Od per ton. Bread—Wheaten loaf 6d to 6 id;
household loaf 5d to bid per 41b. Fresh butter, 8d to
93 per lb. Eggs-4s 2d to 4s 4d per hundred. Coals—
Newport 14s; Lydney 16s ; Landore 14s ; Best Neatb
Culm 13s per ton. Tallow 40s Od to 003 per cwt.
Whisky, 25 o. p., 6s Od per imperial gallon. Meat
—Beef 4d to 7d; mutton 5d to Nid ; veal bid to
7d ; pork 4d to bid ; bacon 7d to 8d ; sausages 6d per
lb. Hops 61 lOs per cwt. Bangor slates 312 s 6d to 315 s per
ton. Bark—Barbary 81 to 8110 s; Valonia 141 to 0/ ; French
71103; English 01 per ton. Fleece Wool lOs to 12s per stone.
Hemp 341 to 35/ per ton. Fish— Scotch herrings 17s to 18s ; red
ditto 26s to 28s per barrel ; Newfoundland 10/ lOs to 121 per
ton. Timber—New Memel 4/ 108 ; old scarce ; red pine 3/
15s ; yellow pine 3/ per ton ; deals, first quality, 201; second
quality, 171 per 120. Hides—Market 114; to 16s; salted 12s to
I6s per cwt ; calf skins 14d to 2Ad ; market 03 to Od per lb.
Potatoes, white 10d to 12d; Minions 00d to 00d; Guano—
Peruvian, 11/ 10s; Ichaboe 91 per ton; Tar—Archapgel,
19s per barrel.

COAL MARKE'
Bate's West Hartley 14s Od
Carr's Hartley
Chester Main l4s Od
East Adairs Main l'23 6d
Holywell Main
New Tanfield l2s 6d
Ord's Redheugh

RavensworthW.Hart 13s 6d
Tanfield Moor l3s Od
ranfield Moor Butes 13s Od
Walker's Primrose l2s Od
West Hartley
Wall's End, &c.
Acorn Close
Brown's Gas l2s 00
Bell and 8r0wn......, lss 3d
Gosforth .
Gibson
Heaton
Walker
Eden Main l6s Od

T.—YESTERDAY.
Belmont l6B 3d
Braddvll
Eletton
Lambton
15516 9dod
............. .
Russell's Hetton 16s 9d
Stewart's
Whitwell ....... .
Lumley
Caradoc
Heselden ..... ..... 15s 3d
l~elloe ... 16s 3d
South Hartlepool 16s Od
West 'Hartlepool 16s 6d
Whitworth.... l3s 9d
Richardson's Tees 142 3d
Seymour Tees
tees
West Hetton lss 9.1
Derwent water Hartley 14s 6d
Whitworth Coke
Ships at market, 91.

RAILWAY SHARE MARKETS.

LIVERPOOL, JULY 20.
STocE Excgasran.—But little business has been done in shares
to. day, and prices have a downward tendency, the market closing
heavily at the quotations. The sales are—Caledonian, Preference, 12
—Lancashire and Yorkshire, Consol. Halves, 9 dis.—Ditto, Quarters,
4% dis.--Ditto, Fifths, 31. 3s. 9d.—Dltto, Fifths (West Riding Union),
4% dis.— Liverpool (C. and S.), 37 dis.—London and North-Western,
132c.—Manchester, Sheffield, and Lincolnshire' Preference, 11%—
Midland, Halves, 12% dis.—North British, New Preference, % p.

RAILWAY INTELLIGENCE.
DIRECT EXETER.
On Tuesday the winding up of this company's affairs
came on before the Master in Chancery Brougham, and
excited considerable interest.

Mr. WRYGIITE, the official manager, read the report
of his investigation. The company was started in 1845,
with a proposed capital of 3,000,000/, in 120,000 shares
of 25/, each, and 11. 7s, 6d. deposit. The projectors
were Colombine and Ancrum. There were 63 provi-
sional committee• men. About 60,760 shares were al-
lotted; 37,265 neither took scrip, paid deposit, nor
signed the deed ; 23,495 paid deposit, amounting to
32,305/, an account of the disposal of which is now
sought from the provisional committee, 24 of whom
only out of the 63 fulfilled their engagements of pay-
ing the deposit on each of their SO shares. A sum
of 6;6804 was voted to the finance committee, for
2,6804 of which they had never accounted, the
greater part of it having been disposed of in " rig-
ging the market," by purchasing up 1,075 shares,
the remainder being appropriated by individual mem-
bers of the committe, from whom all endeavours to
obtain restitution bad proved unavailing. That body
had exhibited in their accounts a balance of only
4921., while in reality they had in reserve 7,647/. to
meet claims, besides handing over to the solictors 6,0001
to meet assumed costs. The questions for consideration
now were whether the payment of deposit on the shares
agreed to be taken by the provisional committee,
amounting to 6,2564, could bo enforced; whether the
payment of the balance misapplied or retained by the
finance committee could be recovered; whether the bills
paid to the solicitors, without taxation, could be re-
duced, the parties contending that solicitors' bills in rail-
way matters were " never taxed;" and whether the
payment of the deposits by the allottees could be en-
forced to whom shares had.been allotted on application,
but who had neither paid the deposit or signed the deed.
The accounts showed that the greater part of the
32,0001. had been consumed—by the engineering and
surveying, 13,948 L; and the law and Parliamentary ex-
penses, 9,9551.

The MASTER was of opinion that sufficient ground
had been shown for proceeding with the inquiry, inti-
mating that at the next meeting he would hear and de-
cide upon the cases of the three following classes:-1.
Of those who paid the deposit, signed the deed, and sold
their shares; 2, of those who paid the deposit, but did
not sign the deed; and, 3, of those who had letters of
allotment, but who neither paid the deposit nor took
shares.

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I LONDON JOINT-STOCK BANK,
On Thursday the twenty-fourth ball-yearly meeting of
the proprietors of this bank was held at the Board room,
Princes street, for the purpose of receiving the report
and declaring a dividend. The meeting was very nu-
merously attended. ,The chair was occupied by William
James Lancaster, Esq.
The SECRETARY (Mr. Hewett) commenced the pro-
ceedings by reading the report and statement of ac-
counts, from which it appeared that the nett profits
realised by the bank during the six months ending the
30th June last, amount to 33,433/. 14s. ld., and that the
sum of 18,0004 being appropriated to the half-yearly
dividend at the rate of 6 per cent. per annum, there re-
mains a balance of 15,4331. 14s. Id. undivided profit to
be disposed of at the end of the year. The dividend,
free from income-tax, will be payable on and after Friday,
the 27th inst.
The CHAIRMAN moved that the report be received,
printed, and circulated, and that a dividend at the rate
of 6 per cent per annum be declared on the paid-up
capital.
The motion was seconded and unanimously adopted.
Mr. BORRODALE said that, after having heard so very
satisfactory a report read, ho trusted he should not
be accused of any desire to disturb the unanimity of the
meeting if he asked a question and requested an answer
to it. It was with reference to their guarantee fund.
He observed that that fund now amounted to 130,0001.
He believed it was the wish of the proprietors that the
interest, when the fund exceeded 120,0001., should be
divided amongst them; and, as this course had not been
pursued, it was very desirable to know whether the fund
was to go on increasing ad infinitum, or whether it was
the intention of the directors, to make the interest upon
it applicable to an increased dividend? He had seen by
the morning papers, that at the meeting of the London
and Westminster Bank, held the day before, a suggestion
was made that their guarantee fund, which in that con-
cern only amounted to 100,0004, was sufficiently large
for all necessary purposes; and therefore it became the
more necessary to ascertain what was intended to be
done with a guarantee fund which had reached 130,0001.
The CHAIRMAN said there was no present intention
upon the part of the directors to alter the system now
adopted.
Mr. BORRODALE asked whether the proprietors were
bound by their deed to add the interest to the guarantee
fend ad infinitum, until it reached a million?
The CHAIRMAN replied in the affirmative ; they were
bound by their deed.
Mr. FOSTER said the deed prescribed that the guaran-
tee fund should be credited with interest at the rate of 3
per cent. Of course, if that amount of interest con-
tinued greatly to accumulate, it would be for the pro-
prietors to deal with it at the proper time.
Mr. BORRODALE said the important question was, what
was the feeling of the proprietors on the subject?
Mr. Deputy CORNET thought the matter had better
lie over until the next meeting. He believed there was
a very strong feeling that 120,0001, was the needful
maximum of the guarantee fund, and no doubt the direc-
tors would appropriate at Christmas next the half-yearly
interest beyond that amount in the shape of a boon to
the proprietors.
Mr. BORRODALE said that was exactly what he wished
to know, for he had an objection to accumulate too much
for posterity.—(A laugh.)
Mr. A. MOORE hoped the meeting would not retire
with the impression that Mr. Deputy Corney's sugges-
tion would be carried out at Christmas.—(Hear, hear.)
If that Honourable Proprietor fancied that when Christ-
mas came he was to have A bonus on the guarantee
fund in addition to the bonus on the paid-up capital,
there was some reason to apprehend that he would be
disappointed.—(Hear, hear.) As the deed of settle-
ment required that the fund should accumulate
so far as its own interest went, that interest could not
be otherwise appropriated except by an alteration of the
deed. The fund was, no doubt, applicable to the
equalisation of dividends. For instance, if the directors
were unable to pay 6 per cent dividend out of the ordi-
nary profits, they could take from the guarantee fund to
enable them to do so, but, with reference to the giving
of a bonus out of the fund the deed interfered.
Mr. Deputy CORNET asked whether the proprietors
could not express their opinion as to the disposal of the
funds?

Mr. MOORE observed that it was not at the disposal
of the proprietors at all. It was at the disposal of the
directors; but, of course, the opinion of the proprietors
would in this, as in every other matter, always receive
due attention.—(Hear, hear.) The fund had now reached
130,0001., and so long as the deed remained unaltered
that fund must remain undivided.

Mr. Deputy CORNEY thought that under these cir-
cumstances it behoved the proprietors to look scrupu-
lously to what additions they made to the fund. They
should take care that it was not increased to an indefi-
nite amount. lie had previously understood that when
it reached a certain amount that sum would not be ex-
cenled.

Mr. MOORE—Except by the interest.
Mr. Deputy CORNET—Then, must the present amoun
be perpetual ? _ _ _

Sir. MOORE hoped the proprietors would recollect they
were not always quite sure of their six per cent. divi-
dend without they had the guarantee fund. Suppose
the board could only give four per teat., they could now
take from the guarantee fund, and make it six. The
fund was provided for that purpose, and not for the
purpose of creating a bonus.
Mr. BORRODALE thought the time had arrived when

the proprietors ought to participate in the benefits of
the fund. He believed it was the feeling of the pro-
prietors that an accumulated guarantee fund be and
130,0001. was not required.
Mr. SAMBROOK said this was not his feeling. He
thought it would be well to let the fund increase until it

readied 200,000/.—(" Oh no," from several proprietors.)
He begged of them to recollect that the fund was essentially
necessary. Their liabilities were upwards of 2,000,000/.
The majority of the shareholders had invested their
money in the hope of obtaining their regular dividend.
Malay females looked to the guarantee fund as a protec-
tion to their receiving their 6 per cent. annually, and
they would rather receive that interest regularly than
run any risk, by the diminution of the guarantee fund,
of not, perhaps (though he admitted it was a very im-
probable contingency), receiving any dividend at all in
a few years.

Mr: HODOKINSON, knowing the extreme value of
maintaining unanimity between directors and proprie-
tors, suggested that this subject should not be further
mooted at present.—(Hear, hear.) Ho held that the
guarantee fund, though it would equalise dividends, was
no security whatever, as it entered into the matter of
account.

Mr. SAMISROOK—Is it note nominal security ?
Mr. HODGIIINSON —No.
Mr. Sestnnoox—Suppose it were ten times the umoun
would it not be a nominal security?
Mr. HODGICINSON—No.—(Oh, oh !)
Mr. FOSTER —ls it not a security for the purpose o
equalising the dividends?

Mr. IfeincruNsoN-6h, certainly ; but, appropriated
as it is at present, it is no security.
Mr. FOSTER should like it still further to accumulate
as it was doing at present—not by profits, but by in-
terest.—(llear.) It created a feeling as to the standing
of a bank when the directors retained a good guarantee
fund in their possession.—(Hear, hear.)
Upon the motion of Mr. BORRODALE, seconded by Mr.
Deputy CORNEY, a cordial vote of thanks was passed to
the chairman and the directors for their conduct during
the past half-year.
The CHAIRMAN, in acknowledging the compliment,
said that himself and his colleagues would never con-
sider any application too close, or any labour too onerous,
if they were enabled to lay before the proprietors half-
yearly such accounts as would justify confidence being
reposed in them.—(Cheers.)
A vote of thanks was next passed to George Pollard,
Esq., the excellent manager of the bank, and the meet-
ing separated.

8110 W YOU HAVE A HEART.
(From Eliza Cook's Journal.)
In this dull world we cheat ourselves and one another
of innocent pleasures by the score, through very care-
lessness and apathy; courted day after day by happy
memories, we rudely brush them off with this indiscri-
minating besom, the stern material present; invited to
help in rendering joyful many a patient heart, we neg-
lect the little word that might have done it, and con-
tinually defraud creation of its share of kindness from
us, The child made merrier by your interest in its toy;
the old domestic flattered by our seeing him look so
welt; the poor better helped by your blessing than your
penny (though give the penny too); the labourer cheered
en in his toil by a timely word of praise; the humble
friend encouraged by your frankness; equals made to
'eye you by the expression of your love; and superiors
gratified by attention and respect, and looking out to
benefit the kindly—how many pleasures hero fur one
hand to gather; how many blessings for any heart to
give! Instead of these, what have we rife about the
world? frigid compliment—for warmth is vulgar; reserve
of tongue—for it's folly to be talkative ; composure,
never at fault—for feelings are dangerous things ;
gravity—for that looks wise ; coolness—for other men
are cold; selfishness—for every ono is struggling for his
own. 'This is all false, all bad; the slavery chain of
custom, riveted by the foolishness of fashion; because
there is ever a band of men and women who have nothing.
to recommend them but externals—their looks are their
dresses, their ranks are their wealth—and in cyder to
exalt the honour of these, they agree to set a compact
seal of silence in the heart and on the mind, lest the
flood of humbler men's affections, or of wiser men's in-
telligence, should pale their tinsel-praise; and the warm
and the wise too softly acquiesce in this injury done to
heartiness, shamed by the effrontery of cold calm fools,
and the shallow dignity of an empty presence. Turn the
table on them, ye truer gentry, truer nobility, truer
royalty of the heart and of the mind; speak freely, love
warmly, laugh cheerfully, explain frankly, exhort
z ,alously, admire liberally, advise earnestly'—be t
ashamed to show you have a heart; and if some
cold-
blooded simpleton greet your social efforts with
than his
repay him (tor you can well afford a richer gift
h
whole treasury possesses)
with a kind, good-humoured
smile.

Foreign capital in English securities has, it is
calculated been invested to the amount of 22,000,0001. p in con-
sequence of the disturbed state of Europe during the last
eighteen months.

THE SHAM SIEGE AT CHATHAM.
CHATHAM, FRIDAY NIGHT.—The extensive military ope-
, rations which are to take place to-morrow, at the Brompton
engineering establishment, are not so much an occasional
, display of the skill and resources of this branch of our ord-
nance department as they constitute the natural termination
( f a course of instruction in field military engineering, which
has been going on for several months past, under the direc-
tion of Colonel Sir Frederick Smith, who is at the head of the
engineering corps stationed at Brampton. This course of in-
struction has included every species of device that is now
practised in respect to the siege—the defence and the assault
of fortified places—embracing the arts of approaching by pa-
rallels, of mining, countermining, single and double saps,
constructirg field works of every description, and of de-
stroying or rendering those works unavailing as well for the
purposes of the attack as for those of defending the citadel
that is to be stormed and taken. Consequently, the field
operations that are now completed on the Brompton prac-
tice ground offer to a military or even to a civil engineer
a very elaborate and interesting picture of the resources
afid devices of this branch of their profession ; and without
claiming to be critics in these matters, we must say that,
after having witnessed more than one display of this
nature—serious as well as sham—we have come to the con-
(nutdeoapfyetbhaloished) programme
con-
clusion that Sir Frederick Smith has displayed a highly
original and creative genius in devising within so
small a compass as the ground really offers, so great a
com-
pletion
excellent neopfrho andips o sce
variety of operations as are traced out, and which are as dis-
tinctly intelligible as they are necessary towards the plan.cons-
odm 0 common-sense
eorlnanfitoehnness oe
ffia
ofce ao
theul
of the review of the siege operations, we find the following
of
aa
pu
tnudr
et
uo
the conveyout
ears
linec l clear r anof
wiodrekas
,oaafuntdh natureeciratree d andworks
an intentatta c
k
as it is possible to give :
"The
from Prince Frederick's to the Terrace Bastion,w
following supposition, viz ,that army are based b; aesne and it
uponw will
thebe
sheaxstreed
having originally
upon the citadel, which is represented b
suddenly obliged to raise the siege to give battle to a forcen
comieg to relieve the besieged, having beaten that force, the
siege is renewed.
" During the absence of the besieging force the garrison
have mined the batteries of the attack, countermined the
trenches, and made preparations to resist the renewed at-
tack upon the outer line of their fortifications; consequently
the attacking party will be met in two ways, first by re-
sistance in their attempt to take the outer defences by esca-
lade, and secondly by a succession of mines and counter-
mines in their endeavours to make their approaches in the
regular form by means of parallels. The escalade is to be
attempted at the extreme right of the Chatham Lines,
where a force composed of the 17th Foot, the Royal Ma-
rine Artillery, and the Marines and Sappers, will attempt
to take the works extending from the Cornwallis to the
Belvidere Battery. Foiled in this attempt, the whole
forco will move round to the extreme left of the Chatham
Lines, where they will be reinforced by a body of troops pas-
sing over a: pontoon bridge thrown over the Medway, and
here a successful escalade will take place, and the assaulting
army gain possession of the first parallel and its batteries,
which constitute the first approaches. Artillery stationed
on high ground, and gun-boats in the Medway, will cover
and support this successful operation. The destruction of
some of the besiegers' batteries by the mines prepared by the
garrison will succeed the gaining possession of the first pa-
ralleL But it will be immediately reoccupied, and an attack
will be made in two vlaces, the stockade and the north wall,
by the besiegers, who will blow them up with gunpowder.
The siege will then advance by the second and third parallels
enhd. b yulite lgoadrgmrisoenn twoiftlthtbeehnesrieesterrts
tboeibnlgoweiffnegctuepd
being successively occupied, by the breaching of the redoubt
obi); tinheinbeNrean
part of the right double sap, the serpentine sap, and the lett
double sap, the left of the lodgment, part of the advanced
trenches, but at length the besiegers' sappers will crown the
entonnoirs formed by these exploded miner, one after the
other. The besiegers will then bring the siege to a close by
blowing up the counter-guard, and breaching the right face
of the ravelin, as well as of the counterscarp and escarp by
mines ; the last and successful effort being the carrying of
the terrace bastion by storm, after it has been breached by
mines, and the simultaneous escalading of the Cumberland
bast ion."

The Marquis of Anglesey and several of the highest
military and naval officers will be present during the whole
proceedings. Lord F. Fitzclarence, commanding at Ports-
mouth, has also come up to witness the siege. The whole
garrison was in the field all this day engaged in completing
the details necessary for so extensive an operation, which
has never yet been equalled for intricacy of detail or variety
of circumstances. The final arrangements were made in the
course of the afternoon by charging the numerous mines and
countermines; and it is expected that the assault upon the
right extremity of the Chatham Lines will commence about
ten o'clock, as the tide will serve about twelve for the pon-
toon bridge to be thrown over St. Mary's Creek, and the ap-
proach of the gun-boats up the Medway in support of the
second attack on the left.