The Sun.
London, England, 1849-07-03 00:00:00

gether evince such a noble devotion to the cause as if fair play were given, and railway communication
to be nominated Head Field Chaplain of the Hun- equally distributed, would form the proper port of the
garian army, while a Protestant Clergyman, named south-eastern district, and the grand concentrating
RAZZA, could suffer the punishment of death in the point with reference to South Wales, Southern Eng-
same cause, and with a serenity so remarkable as to land, the Great Western to Bristol, and the Midland
excite the admiration of the beholders. A devotion Counties via Gloucester. such is the natural situa-
which can thus affect persona of otherwise such an- tion of this maritime city, that it must either fall into
tagonistic opinions is of a character not to be extin- utter insignificance, or rise to very great eminence.
guished but by the annihilation of an entire race, by The country requiring supplies lies principally
the subjugation of many millions of Magyars. behind and not around it ; and there is therefore
Everything assures us that vast as are the prepara- a long inland carriage, causing facilities in
tions made by the congenial Governments of Imperial this respect to be of vital importance, and,
Austria and Russia, their end can never be obtained when given exclusively elsewhere, rendering

but through a series of atrocities the commission of

the balance against it insurmountable ; but

which must ultimately rouse the most sluggish
nations to an interposition. Those atrocities have
already been commenced—thousands have been exe-
cuted ; prisoners of war have been subjected to into-
lerable cruelties, have been scourged in the public
squares, and incarcerated in terrible dungeons;
property has been confiscated; villages have been
committed to the flames; towns have been bombarded ;
cities have been razed to the ground ; a gibbet has
been permanently erected at Presburg ; whole pro-
vinces have been ravaged and desolated ; the green
crops have been trampled under the hoofs of
tl-e cavalry and under tLe 7. heels of the
artillery ; the ripe crops hive been burnt
wantonly"; agriculture, commerce, religion, all
have alike been outraged and contemned ; and
the invaders are at length pressing forward in such
enormous numbers as to threaten to overrun Transyl-
vania, if not ultimately to overwhelm the Hungarians.
Still the motto of the :Magyars must be fulfilled—
" Parcere subjectis, et debellare superbos"—and its
fulfilment can only be visible in the fruits of victory.

it possesses from this very circumstance a harbour
unrivalled for its capabilities, and a position relatively
with England and Wales which must make it of
primary importance, so soon as these facilities shall
have been granted. The applicants have, however, a
peculiarly strong claim on the attention of Govern-
ment, inasmuch as but for a clause introduced into
the Act of Incorporation before the Committee of the
House of Commons, contrary to the wish of the
proprietors interested in the south-eastern portion,
and despite their most strenuous opposition, obliging
the company to commence at the Limerick end, they
would probably now be in the enjoyment of ample
railway communication from Waterford to the centre
of Ireland.
These are matters of national, independent of poli-
tical interests, upon which, as on neutral ground,
general upholders of antagonistic principles may
amicably and cordially meet ; and, however we may
feel ourselves constrained for the most part to oppose
the views maintained as a legislator by the Earl of
GLEaGALL, we cheerfully concede to him the merit of
a sincere anxiety to promote the substantial interests
of his country. As chairman of the company, in
whose ultimate success we feel profoundly interested,
for the sake of a magnificent district in Ireland, the
destinies of which are now at stake, he commands our
best wishes in his exertions to consummate a work
calculated to confer a vast and permanent benefit
upon one of the fairest portions of Munster—to yield
certain and increasing profit to its shareholders, and
to redound to the advantage and commendation of the
British Government.

Application will be made to Parliament by the
Chancellor of the Exchequer, probably within the

present week, to authorise the advance of a consider-
able sum of money by way of loan to the Dublin
and Galway Railway Company. This is a wise and
prudent measure, by which great advantages will be
conferred on the sister kingdom, without any loss or
even risk to the national exchequer. Additional em-

ploytnent will be afforded -to the labouring
population; the line of railway communication

wilt be extended from the Irish metropolis

and Great Britain to the far west ; great
facilities will be afforded to trarellers ; a
cheap and expeditious mode of transit will be pro-
vided throughout the country, and other branches of
industry will be materially benefited, while many

- _
persons will obtain permanent occupation on the line
who are now wasting their time in idleness. Even

rhe public revenue will be increased by the stimulus
thus given to trade and commerce, and it is
to be hoped that when the line is completed
we shall hear less of the misery and destitution in

w hat are termed, par excellence, the distressed unions.
The advances made to other Irish railway companies
have already been productive of the happiest results.
After the project brought forward by Lord GZORGE
BENTINCIE had been rejected by Parliament, a pro-
jeot which was by far too extensive and indiscrimi-
nate to receive the legislative sanction, loans
amounting in the whole to 620,0001. were granted to
the companies whose position and prospects entitled

them to lcok for encourag€ment and assistance.
Since that period the Dublin and Galway
Company hare made exertions that fully
justify the favourable consideration of the
Government, and there is another company also, the
Waterford and Limerick, whose conduct has been
equally meritorious, and who are as well deserving
of present aid. The directors of the Waterford and
Limerick Railway base their application for a neces-

sary loan upon grounds which, in our opinion, fairly
and fully justify them in preferring a strong claim to
fiscal assistance. The circumstances of the case
are briefly these. In 1847, the Great Southern and
Western Railway received a loan of 500,0001. to enable
them to complete their line, and two other com-

panies obtained lesser amounts at the same time.
The Waterford and Limerick Railway was, how-
ever, denied a participation in this benefit, merely
because it had not paid up by a few thousand
pounds the portion of capital, viz., one-half (amount-
ing to 375,000/.), required by the Act to one.ble It to
raise money by way of aloanjntimation was, however,
given to. the company that, on the necessary amount
being paid up, the same advantages would be
extended to them. On this promise of advances
from the Treasury the company commenced opera-
tions upon the second section of the line, extend-
ing between the towns of Tipperary and
Clonmel, thereby involving themselves in a

considerable outlay, which has ever since been
comparatively unproductive, in consequence of an
unexpected change of policy on the part of the Go-
vernment, who withdrew the premised supplies, after
advancing only 13,0001., which the company are now
called on to repay by instalments. If the Treasury
obstinately persist in denying this essential aid, the
evil consequences of such obduracy will be severely
felt throughout an important district of the south of
Ireland. Two thirds of the capital, being a sum of
500,0001., have already been paid up. Without any
risk, and with ample security, they may avert the
danger impending over this portion of the country,
and without inflicting in jury upon other interests es-
sentially accelerate the prosperity of the south and
south-east.
If the means be withheld of continuing the works to
Waterford, the towns along the unfinished portion of
the line will sink into decay, from the diiersion of
the trade they have hitherto enjoyed from its natural
channel to a false and artificial direction, and the ad-
joining country will speedily fall into as deplorable
a condition of poverty and destitution as that which
to-day afflicts the far west. No monopoly of favour
is demanded : all that is asked fur is simp'y this,
that similar support to that accorded to other lines
may be extended in this instance as well. There is the
fullest security, not only for the payment of the interest,
but for the repayment of the loan. The railway,
and the district whose vital interests depend upon
the prolongation of the line, seek for no eleemosynary
aid, but put forth unquestionable security for what
they may receive. The total amount sought to be
advanced is 250,0001. Of this 150,0001. is required
within the present year for the purpose of complet-
ing the second section of the line to Clonmel, and the
remaining 100,0001. to complete the third section to
Waterford, as soon as the company can justify the
realisation of 150,0001. on their shares. Although the
company are at present cramped for funds, they offer
what we cannot but consider as perfectly satisfactory
guarantees. The first consists of the amount payable
for the carriage of the mail, now estimated at 4,0001.,
and when the second section should be completed, at
8,0001. per annum. To this extent the Government
are secured, as far as the amount which they them-
selves agree to pay for conveyance of mails, beyond a
shadow of risk, and, as to the balance, by the surplus
weekly revenue, which, by the last report of the di-
rectors, amounted to 1151., or to 5,9801. per annum.
This increase would be commensurate with the gra-
dual extension of the line; so that whilst there would
he security at the very outset for the interest
of the entire loan, the receipts would be
nearly, or even fully, doubled before the
second portion of the loan would be required. Then,
again, there are the unpaid calls on 10,000 shares,
which would be doubtless paid up were the line in a
position to proceed; and, thirdly, the forfeited shares,
5,000 of 501. each, which the company have power to
re-issue. If fitting and reasonable succour be ex-
tended to the Waterford and Limerick Railway we
shall regard it as one of the greatest boons that can
possibly be conferred on the sister country. The
unfinished portion, running from Tipperary to
Waterford, passes through the valley of the Suir, one
of the loveliest and richest districts in the
island. It touches on the towns of Cahir,
Clonmel, and Carrick. on-Suir, terminating in
the great seaport of Waterford. To the
latter city the prolongation of the undertaking would
be an immense advantage, Waterford being the
natural outlet for the exports, and market for the
imports required by the entire district through which
the line passes. At pi esent it is a fact most in-
juriously felt by the Waterford merchants, that
buyers from Kilkenny and Cahir find it more to their
advantage to frequent the markets of Dublin and
Limerick, and to pay higher prices there than in the
former,
ain consequence of the greater facilities of
,ai.rge. Ka, orty,
elth 'ugh %r 2. distance of more
i
Ithan ~ixty miles from Dublin, now makes
the Irish capital its outlet, instead of
Waterford, which lies within thirty miles, and which,