The Sun.
London, England, 1825-11-14 00:00:00

THE ROYAL NAVY, &c.

PORTSMOUTH, Nov. 1.i.,•.-Yesterday morning the South-
worth and Layton transports, with the remainder of the 99th
Regiment, and all the outward-bound merchantmen, (about
30 sail), which had been detained the last fortnight by strong
westerly gales, proceeded on their respective voyages, with
a steady wind from the N.N.E., except the Exmouth, Captain
Owen, for Bombay, which ship will sail to-morrow morning,
with General Sir Thomas( and Lady Bradford, and suite.
The Rainbow, 21, Captain lion. Henry J. Rouse, arrived
this morning from Chatham, fitted for the East India station.
General Bourke, appointed to command the eastern part of the
Cape of Good Elope, and suite, take their passage in her to that-
colony.

We are informed, that on the arrival of the Java in India,
Rear-Admiral Bingham will shift his flag from the Warspite
to that ship ; and Sir James Brisbane will proceed to Lima in
the Warspite, 74, to relieve the Cambridge; and that the Ho-
nourable It. S. Dundas will return to England in the Boadicea.
The Druid and Pandora are understood to be intended for the
East India station (as well as the Rainbow); the Harlequin,
for Jamaica ; the Cyrene, for the coast of Africa.
The Magnificent. 74, fitting for a convalescent ship at Port
Royal, Jamaica, will be ready to proceed thither at the latter
end of this month. She will call at Plymouth to embark Com-
missioner Shortland and family.
The Champion, for India, arrived at the Cape of Good
Hope, August 1. The Brazen, for Sierra Leone, arrived at
Teneriffe, 13th September. The Bustard, for Jamaica, arrived
at Madeira, October 14. The Grashopper will remain at New-
foundland during the winter. The Pelter left Saint John's,
Newfoundland, for Harbour Grace, on the 6th of October;
and the Snap, for Halifax, on the 7th.
We understand it has been determined not to prosecute any
farther the attempts to discover a North-West Passage to the
Pacific Ocean.

J. Tasker Williams, Esq., (the Gentleman who so narrowly
escaped death from the hands of the Ashantees, when Sir C.
M'Carthy was killed), is appointed Judge of the Court of
Mixed Commissions, at Sierra Leone, and will take his pas-
sage to-morrow in the. Redman, Bryce, master; as will also
Dr. Barrie, who is appointed Chief of the Medical Staff on the
Coast.

The Dispatch, 18, Captain Parsons, is appointed to take two
Commissioners of Inquiry from the Colonial Office to Sierra
Leone, and Captains Bottler and Victor, of the Royal En-
gineers, to inspect all the forts on the coast of Africa.
Captain Hugh Pigot is appointed to command the Ramilies
(not Captain flay) and the eastern division of the coast blockade
service, vice :ll'Culloch.

Captain Hon. Wm. Waldegrave is appointed to the Procris,
at Chatham, (the Icarus being found not seaworthy). Lieut.
E. Kelly to command the Pike.
The Court Martial on Lieut. Rinstead and Ensign Rowcroft,
of the 53d Regiment, (of which Major-Gen. Sir Edw. Blakeney
is President), adjourned this morning to Monday, to examine
witnesses in defence of Ensign Rowcroft.—The charges origi-
rated in some intemperate expressions which were used by En-
sign Rowcroft, in a misunderstanding which arose between these
officers when out on a shooting excursion.
PLY MOUUTH, Nov. 10.—Came in and sailed again, the
Fly, 18, Captain Wetherell, for the East Indies. Arrived the
Joseph Green transport, Lieutenant Spencer, Agent, with the
remainder of the Royal Marine Battalion, from Bermuda.—
Came in the Harlequin, Pandora, and Victor, from an experi-
mental cruise; the Dispatch having proceeded to Spithead. The
Harlequin and-Pandora are fitted alike, as to the position of
their masts and sails, and the Victor anti Dispatch alike, but
different froC the two former. The Harlequin and Pandora
have proved the superior vessels in sailing ; and of these the
Harlequin is the best. The trials have been confined to sailing
on a wind; no trial having taken place off, or before the wind.—
( Hampshire Telegraph.)

LONDON AND MANCHESTER EQUITABLE LOAN

CUMPANY.

On Saturday a Meeting of the Subscribers to
Ibis Company assembled at the North and South American
Coffee-house, behind the Royal Exchange, for the purpose of
determining upon future proceedings.
Davin POLLOCK, Esq. the barrister, one of the Directors,
was called to the Chair. He said he believed the object of call-
ing the meeting was, that the present position of the Company
might be ascertained, and that it might be determined whether
the appearances of success would justify the application of the
funds to the purpose of obtaining a Charter, or whether it would
be advisable to proceed in the operations of the Company with-
out a Charter.
A Shareholder.—There is another question for our considera-
tion"—the propriety of breaking up the Company altogether._
(Hear !)
Mra KAY-p, Solicitor to the Company, stated, that ever since
the Lord Chancellor had delivered his opinion on the subject of
Joint Stock Companies, it was thought necessary to wait the
result of the Bill brought into Parliament for the establishment
of an Equitable Loan Company in the metropolis. There
existed a strong prejudice against the latter; but the moment
it was shewn to those who oljected to it that there was an inhe-
rent discrepancy between the Manchester till and the London
Bill, they became its warmest supporters. The objectiof the
Company was to raise money to lend upon Manchester goods,
and that such loans would prevent the destruction of many of
the mall manufacturers, who often, when they wanted money,
were obliged to make a ruinous sacrifice of their property.
The CIJAIRMAN thought it would he imprudent, after such '
heavy expences as had been already incurred, to proceed with •
the objects of the company, with so small a capital as 2,000/.,
the whole amount in the hands of the bankers. Considerably
less than that sum would suffice in procuring the necessary
security alluded to ; they had strong assurances of success.
The expences incurred were indispensable. Independently of
those arising from law proceedings, the purchase of a ware-
house, and the employment of a superintendent, were necessary
to shew an existence, and a right to sue and be sued, otherwise
there could have been nothing to testify their responsibility,
hut parole, which was not exactly the sort of security to be
wished for in a large body of Proprietors ; 6,0001. had been
subscribed, and 4,0001. spent.—(Cries of " Shame ! shame.!")
Mr. KAYE said, that every one knew the enormousexpetices
attending an application to Parliament; 4,0001. has been spent,
but the greater part of that had been expended before he was
appointed solicitor.
A Subscriber—Yes, Mr; Bennett, of Manchester, took care of
us. He kindly undertook the business, and his bill amounted
to no less than 2,300/.—(Cries of " Abominable.")
Mr. KAYE said, that immense expences were necessarily
incurred by bringing up witnesses from Manchester, and sup-
porting them here. He argued strongly in favour of obtaining
a charter.
But the subscribers turned their backs upon the proposal.
They declared that every thing ran to a discount : that the mis-
managernemt and dishonesty of those who had the direction of
most of the companies threw a depression upon the money-
market, from which it could never recover : that the more mony
there was paid upon shares, the more deeply they would run to
a discount.
A Subscriber—The Time: newspapyr has bothered 'em all.
It is better that all the humbug things should be put an end to
at once, even though a few good ones are swept away at the
same time.
" The Colonial Silk Company" is a proof of the general
dread of imposition. The highest names in the country could
not prevent that from falling to a discount the moment it saw
the light.
The subscribers generally bore testimony, in the course of
the discussion, to the praiieworthy conduct of Mr. Kaye.
One of then' said, amidst cheers, " I move that the Com-
pany be dissolved, and that the Directors be instructed to make
an equitable division of what remains in hand."
Mr. KAYE here begged to state, that they could not, by a
clause in the deed of settlement, dissolve the Company without
the consent of two meeting of the proprietors, to be held at the
distance of six months from each other.
The clause was read, and seemed to throw a great damper
upon the meeting, but
The CitiLliMAN said he considered the authority of the
clause nothing in the present condition of the company, which
had not as yet commenced operations.—(Applause.)
The question was then put, and it was determined, almost
without a single exception, to dissolve the company.
A motion was then carried to instruct the directors as to the
payment of all claims, and the subsequent speedy arrangement
with the subscribers.—The meeting then separated.

THE COTTON TRADE.—We are sorry to an-
nounce that the present stagnation in the cotton trade is extend-
ing its effects to other branches of business connected with it.
One of the most extensive machine makers in this town has
been under the necessity of discharging a number of his work-
men, and the example must be followed by others, unless a
speedy change take place in the trade, of which there* at pre-
sent no liklihood.—(Stockport Advertiser.)

ACCIDENT IN PICCADILLY.-This morning, be-
tween five and six, a distressing accident happened through the
denseness of the fog in Piccadilly. One of the market carts
from Windsor was passing along near Hyde Park Corner, the
carter holding the leading horse by the head, when suddenly
another cart, going in a contrary direction, came in contact
with the wheels of the market cart and upset, precipitating 'a
woman and child to the ground; the child was taken up life-
less, the skull being fractured ; and the woman, in addition to
severe bodily bruises, had her left thigh broken b 7 the fall.