The Sun.
London, England, 1847-10-14 00:00:00

THURSDAY EVENING, OCTOBER 14, 1847.

SIR - ROBERT PEEL'S VISIT TO

LIVERPOOL.
LIVERPOOL, WEDNESDAY.—The arrangements for
the reception by the town authorities of Sir Robert
Peel have been some what altered since yesterday.
The wish of the Right Hon. Baronet, it is understood,
is that there be as little of public demonstration as
possible, and that he be enabled to preserve a com-
fortable privacy in viewing the docks and paying
compliments on 'Change. On his arrival, therefore,
which is looked for to-morrow afternoon, he will,
avoiding the town, proceed direct to Mosley-hill, the
seat of Mr. Charles Lawrence, where he purposes
staying, and the circle to which he will there be in-
troduced will be of a very select character. It was
at first intended, as stated in The Sun of yesterday,
to take advantage of the presence of Sir Robert Peel
on the occasion of elevating the statue of Huskisson
to the prepared pedestal in front of the Custom-house
to give to that ceremony all the importance which
could be derived from the circumstance of the most
distinguished of the colleagues of that commercial
statesman taking part in the proceedings. the sug-
gestion, however, has not met with the approval of
the Right Hon. Baronet, and the affair will pass off
much more quietly than was anticipated. It is yet
even doubtful, indeed, if Mr. Gibson, who is in town,
will not enjoy alone all the honours of the day. On
Friday Sir Robert Peel will walk through the town,
sail on the river, and chat on 'Change; and in the
evening he will dine with the Mayor (Mr. G. IL
Lawrence). Sixty gentlemen eminent in the com-
mercial world will meet him.

COURT CIRCULAR.
WINDSOR, WEDNESDAY.—The Queen and Prince
Albert walked this morning on the eastern terrace
and slopes of the Castle.
Their Royal Highnesses the Prince of Wales,
Prince Alfred, the Princess Royal, and the Princess
Alice, took walking and pony exercise this forenoon
in the grounds adjacent to the Castle.
His Royal Highness Prince Albert enjoyed the
sport of shooting this morning, accompanied by his
Serene Highness the Duke of Holstein, his Serene
Highness Prince William of Holstein, Count de
Reventlow, and Viscount Palmerston. His Royal
Highness was attended by Colonel Seymour.
Baron Rehausen and Count Revel are expected to
arrive at the Castle this evening, on a visit to her
Majesty.

The royal dinner party at the Castle this evening
is expected to include her Royal Highness the
Duchess of Kent, his Serene Highness the Duke of
Holstein Glucksbourg, his Serene Highness Prince
William of Holstein, Count de Reventlow, Baron de
Rehausen, Count de Revel, the Lady in 'Waiting on
the Duchess of Kent, Baroness de Speth, Viscount and
Viscountess Palmerston, Lord Edward Howard, the
Right Hon. Sir Stratford and Lady Canning, Miss
L. Dawson Darner, and Sir George Couper.
The band of the Grenadier Guards attend during
dinner. Her Majesty's private band will afterwards
attend in the Castle.

Lord John Russell, the Lord Chancellor, the Mar-
quis of Lansdowne, Sir George Grey, Earl Grey, the
Chancellor of the Exchequer, Sir John Hobhouse,
Lord Campbell, Viscount Morpeth, the Marquis
Clanricarde, the Right Hon. H. Labouchere, and the
Right Hon. T. B. Macaulay, were present at the
Cabinet dinner given by the Earl of Auckland yes-
terday (not on Tuesday) at his official residence in
the Admiralty.
Mr. Brooke, the Raja of Sarawak, had in interview
with Earl Grey on Tuesday. Mr. Brooke had yes-
terday an interview with Lord John Russell, at his
official residence in Downing-street.
The Commissioners for the reduction of ;he Na-
tional Debt had a meeting yesterday at the Treasury.
The Master of the Rolls, the Chancellor of the Ex-
chequer, the Governor f the Bank of England, and
the Deputy- Governor were present. Mr. Higham,
Secretary and Comptroller-General, was in at-
tendance.

We are happy to announce the safe accouchement
of Madame Van de Weyer, who gave birth to a
daughter yesterday, at the family mansion, in
Portland-place.
The Metropolitan Sanitary Commission held a
meeting at Gwydyr House yesterday. The Commis-
sioners present were Lord Robert Grosvenor, Edwin
Chadwick, Esq , Professor Owen, Dr. Southwood
Smith, and Lambert Jones, Esq., with their secre-
tary, Henry Austin, Esq.
A deputation from the Liverpool, Manchester, and
Newcastle-upon-Tyne Junction Railway Company,
consisting of Thomas Row, Wilson Frame, W. A.
Westoby, Thomas Broadbent, Francis Billam, and
Alexander George Gray, directors ; with Mr. Wilson,
the secretary; and Messrs. Edward, Bennett, and
Parson, solicitors to the Company, had an interview
with the Commissioners of Railways, at Whitehall
yesterday.
Captain George Smith, R.N., attended at the Board
of Trade yesterday to explain his invention for
making any boat a life-boat when required. It con-
sists of self-inflating tubes, of trifling weight, into
which valuable property and documents may be placed
and kept dry. The same principle was also shown
to be applicable as a life-preserver for the person.
The Bishop of Sodor and Man had an interview
with Sir George Grey yesterday, at the Home-office.
Mr. G. Macdonnell, Governor of the Gambia, had
an interview with Earl Grey yesterday. Sir Donald
in
terviews
with and Sir Edmund Head had also
with his Lordship yesterday, at the Colonial-office.
Mr. Christie had an interview yesterday with Lord
John Russell.

DEATH OF ARGHDUKE FREDE-

--- -
RICK OF AUSTRIA.
VENICE, OCT. 6.—The young Archduke Frederick,
Admiral in the Austrian navy, died yesterday even-
ing. He had been ill for twelve days, but his com-
plaint was not considered dangerous. Yesterday,
however, he was taken suddenly very ill with fever,
vomiting, and rapid exhaustion of his strength, and he
never rallied. Many think that he died of cholera.
The Archduke Frederick succeeded in 1844 as Com-
mander-in-Chief of the Austrian navy in the Adriatic
to Admiral Bandeira, the father of the unfortunate
young men who were shot in Calabria.
We announced the death of Admiral Bandeira a
few days since.

......................, ire
VISIT OF THE DUKE OF SAXB COBURG TO HEX
MAJESTY.—The '
Gotha, the brothereigning Duke of Saxe Coburg and
to arrive i r to, the Prince Coniort, is shortly ex-
pectedn England,
the Court is ex on a visit to her Majesty.
after the arrivalPoeeftcd to remain at Windsor Castle until
according to his Royal Highness. It will then,
present
for a few days,atemint arrangements, proceed to Clermont
her Majesty and
prthence to the Isle of Wight, to enable
of a large ince Albert to superintend the plant-
ingestate at number of oak and elm trees on the Royal
Windsor, for the Osborne.
The Court will probably return to
Lord and winter season, early in December.
Hamilton, the Lady Hackie, :
Lord and Lady Claude
Captain and Lady Hon.
Captain Alexander Gordon, and
Haddo House, the
nsieat of the '
Harriet Hamilton, are staying at
MARRIAGE IN Earl of Aberdeen.
to take place Gia LIFE.--A marriage is shortly
late Hon. Mr. Nevili between Mr. Reginald Nevill, son of the
Abergavenny,
and and cousin to the present Earl of
Dorothy the beautiful and accomplished Lady
Walpol
Countess of Oxfne' youngest daughter of the Earl and
The wedding will be solemnized
in the course of aride.ensuing• month, at Wolterton Park,
Norfolk, the principal country seat of the youthful bride's
noble parents.
TESTIMONIAL TO Tun
—Yesterday a meg --- BISHOP OF SODOR AND MAN.
" Eden Testimonial," was
service of plate, styled the
was presented to the Bishop of
Soder and Man, but
Mr. Eden, late Vicar more popularly known as the Hon.
of
Battersea, at the Retreat, the
residence of Valentine Morris, Esq. The testimonial
consisted of a dinner
service, numbering twenty-seven
pieces ; the cost being
55,uineas. The salver bears
the following inscription:L-1 g
This salver forms part of a
service of plate presented to the Hon. and Right Rev.
and
the Lord Bishop of SodorMan, by the parishioners
of Battersea, as a token Ofh theirr gratitude and affec-
tion." A five o'clock the e
.was taken by Mr. H. S.
Thornton,t who read an .apPr ai o
acknowledged in feeling ter:slate address, which was
Bishop of Sodor and Man, and hy his Lordship. The
tertained in the evening by Be:. large party, were en-
at his residence on Lavender-hillj.aillin Edgington, Esq.,
LIVERPOOL, WEDN ESDAY.......Th
fax royal mail steam-ship Britannia,e Boston and Hali-
fax
the North American mails, Captain Harrison,
arrive in the course of to-morrow ma
owy be expected to
statements having been put forth, to evening. Various
the effect that the
Britannia would not leave on her regular
conse-
quence of the slight accident she tact with on day, in
out-
ward passage off the coast of Newfoundland, her
have
made inquiries at the agents' here, have
made who, having re-
ceived letters from Captain Harrisonto believe that she would leave
Boston on the Ist inst.,
as usual.
SOCIETY FOR THE PROTECTION
or YOUNG FE-
HALES.—Yesterday evening a meeting of subscribers and
others interested in promoting the
institution, was held at the office, in t?ibeJeets of the above
Moira-chambers,
Ironmonger-lane, Gresham-street, City, The report of
the proceedings of the society, which Zas established in
females
1835 for the protection of young under 15 years
of age stated that there were un
Tottenham 72 young females, who are
w in the lum at
fed,as cylothed,
religiously educated, and fitted for respectable servitude.
During the past year 82 were received, of whom 12 were
restored to their friends and sent to service
been removed since the establishmenticwase 434 ;
founded. ha
have
The society during that period had caused the suppres-
sion of 195 infamous houses in various parts of London,
and during the last few months nearly 50 more have been
through the same instrumentality closed. The asylum
will accommodate at least 30 additional inmates, upwards
of 20 are now waiting, want of funds alone preventing
their admission, independent of which numerous appli-
cations were daily made, which the committee are pa •
in-
fully compelled to refuse.
The Cambridge Advertiser mentions that a brick-
maker (a brick) wagered to mould 700 bricks in an
hour. When the hour had expired he was moulding
the 702 d, " but was so much exhausted in strength that
a pea thrown against Wm with force might almost have
knocked bini down."

HOP INTELLIGENCE.

MAIDSTONE.--The picking has now nearly come
to a close, and the last being finer in quality than the
early picking, we can boast this year of 11.vingthe
finest growth as to quality we have known for many
years. As to trade and price we are waiting the
result of Weyhill Fair, which is now taking place.
With the deficiency of the Farnham, &c., growth,
the fine Kent hops `►ill probably be required to take
their place. We, therefore, hope for some im-
provement.

OTHAM.—To-morrow the hop-picking will come
to a close in this parish ; a good crop has been ob-
tained, and the hops are excellent in quality.
MEREWORTH.—This little parish for its quantity
and quality this season, may justly be called the
flower of Kent. We have nearly completed the
picking, and the crop is beautiful.
WROTHAM, SHIPBORN, IGHTHAM.—The hop-pick-
ing has nearly closed, and pretty correct information
obtained as to the crop, which in most cases far
exceeds the expectations of the planters. The quality
generally is considered excellent, and the weight un-
usually heavy, the average scarcely wanting 100
bushels to a pocket, and many of the fine plantations
not that. There never was known a larger or a better
crop grown round Plaxtol, Basted, and the Bourne,
nevertheless the present state of the market throws a
gloom over the scene, inasmuch as the present prices
will not remunerate the grower even under these cir-
cumstances, and it must be ruinous to those who are
not favoured with large crops.
TICEHURST.—The hop-picking is now brought to
a close. We come quite one-third short of last year's
crop.

GOUDHURST.-Our hop-picking is nearly brought
to a close, with the exception of one or two, which
will finish about Wednesday. Very few are being
sent to London for the present, in consequence of the
depressed state of the market. A gentleman showed
me a beautiful coloured sample yesterday ; the top
figure that he was offered was 655. per cwt.—a
ruinous price. We shall exceed the growth of last
year.

ROLTENDEN.—Hop-picking is completed here, and
the growth has much exceeded our expectation. We
shall nearly equal our last year's growth. They
weighed well, and the samples were good to the end
of the season.

BRENCHLEY.—Our hop-picking is not yet brought
to a close. The latter picked hops are beautifully
matured, remarkably heavy, and our crop almost
double that of last year.
CANTERBURY.—The hop market continues very
dull. Very few were sold on Saturday last, and
those few at very low prices, such as scarcely to
remunerate the planter for the expense incurred.
loHTHAM AND SEAL.—The hop-picking is now
generally finished. The crop comes to expectation,
but the samples of the late picking will be very brown.
—.Maidstone Gazette of Tuesday.

RICE, as a CHEAP and WHOLESOME FOOD
for ALL CLASSES, and Especially as a SUB-
STITUTE FOR POTATOES. By a Family
Man. London: Sherwood, Gilbert, and Piper.
EXTRACT No. I.

The object of this little compilation of ways and
methods of using rice in conjunction with other
foods, or alone, and of these few introductory obser-
vations on the value and usefulness of rice, is to
endeavour to induce a fair trial of it throughout this
nation as a food; for hitherto it has been little used
excepting as a luxury, and by the more wealthy classes
only of society.
The partial failure of the potato crops, however, in
1845, and the more general failure of 1846, brought
the article into some notice, particulary in Ireland,
where, in the latter year, it was consumed to a con-
siderable extent, and was much approved of and
esteemed by the British Relief Societies, and other
public and private charitable institutions, as well as
by individuals, by whom it was largely distributed
amongst the poor and destitute of that country dur-
ing the late famine.

The partial recurrence of the blight in the present
year, together with the diminished cultivation, and
consequent high price of potatoes, will require sub-
stantial substitutes for that invaluable root, called
by Mr. Just, in his scientific paper on the Philo-
sophy of Farming, which lately appeared in the last
volume of the Manchester Philosophical Society's
Memoirs, " the most valuable and accommodating of
all, plants given to man for food."
here is no article known, so valuable, and so suit-
able to meet our requirements in the absence of pota-
toes, as rice.
It is imported in sufficient quantity ; it is
cheap, wholesome, nutritious ; simple in its pre-
paration, and may be eaten with every article in
use, whether soups, meats of every variety, stews,
cheese, fish, vegetables, sugar, honey, or other
sweets, milk, salt, with a little butter, lard, or meat
dripping; in short, with every article that is used as
food, and it may be even more properly said of rice,
as Mr. Just has said of the potato, that it is " the
most valuable and accommodating of all plants given
to man for food."

It will be presently shown that, with regard to
cost, rice is a much cheaper food than potatoes, and
certainly it will not be disputed that it is much more
nutritious.

All the known nations of the world, excepting
our own, largely use rice ; some populous nations,
indeed, wholly subsist upen it ; while, in Great
Britain, it is rarely seen, in any shape, at any table
or meal.

Cheap, and simple in preparation, as plain boiled
rice is—requiring only fifteen minutes time to be
boiled and to be drained through a cullender ready
for use (in fact, it is as simple as the boiling of an
egg, and a supply for one or a dozen persons can,
with the same ease, be arranged by the rule of thumb,
and without waste) ; yet even at inns, and at the
private dinner table, rice is seldom seen. Travellers,
however, might soon introduce it as a standing dinner
and breakfast dish at the public table by requiring its
production ; it would soon then become as indispen-
sable as potatoes, and the innkeeper would find it to
rank amongst his economics as a necessary and
favourite dish.

To exemplify the view herein taken, with regard
to rice being a cheap food, it shall now be considered
in juxta-position with the potato, and it will be seen
that rice has greatly the advantage in economy, pos-
sessing at the same time a much more nutritious
quality than the potato.
EXAMPLE.—Cost of 5111 s. potatoes at present market
retail rate, nd.
Cost of lib. East India rice at present
retail rate, 2id.
Five pounds perfectly sound potatoes, carefully
pared, will leave 41-Ibs., and after being boiled 341b5.,
making the cost of them in the cooked state ld.
per lb.
One pound of East India Rice, at 2id. per lb.,
will produce 4 lbs. of solid food when dried like
potatoes.
Thus, while potatoes cost Id. per lb., rice costs
only iths of a penny ; and if broken or small rice,
which is equally good should be resorted to, it will
cost much short of a halfpenny per lb., which is less
than one-half the cost of potatoes ; and it may be
noticed that potatoes, some time ago, rose to double
the present value.

With these preliminary observations, a summary of
methods of using rice is now offered to notice ; and if
they be the means of usefulness, the writer will have
accomplished the end in view.

intrb •-•:-_*:ittton

GREAT NORTH OF INDIA RAIL-
WAY.—(THIS DAY.)
The adjourned ordinary general meeting of the
shareholders of this company took place to-day, at
the offices of the company, No. 1, Coleman-street-
buildings, Moorgate-street, for the purpose of receiv-
ing and passing the accounts of the directors, and for
the transacting of other business connected with the
company.
Barry Borradaile, Esq., took the chair shortly after
one o'clock.

The advertisement calling the meeting having been
read,

A. GRAFTON, Esq., the secretary, read the report
of the directors and the accounts, from which it ap-
peared that the total amount of receipts was
11,5901. 95., and the expenditure 6,9231. 19s Bd.,
leaving a balance in the the hands of the directors of
4,6661. 9s. 4d.

After a short discussion, the accounts were ap-
proved and confirmed, and the report adopted. A
resolution was also adopted awarding a sum of fifty
guineas for the services of the Committee in India.
The business having been concluded, an extraor-
dinary General Meeting was called, for the purpose
of taking the sense of the shareholders on the pro-
priety of dissolving the company, and as to the
amount of dividend to be returned on the deposits for
Parliamentary expenses.
HARRY BORRADALE, Esq., also presided at this
meeting, and, upon taking the chair, read the report
of the directors, which recommended the immediate
dissolution of the company, and proposed to return to
the shareholders ls. 9d. a share, and relieve them
from all liabilities on their signing a release.
Resolutions for carrying out the proposition 'con-
tained in the report were adopted, after some short
discussion, and the meeting broke up.

ROYAL MAIL. STEAM-PACKET

COMPANY.-(THIS DAY.)

The half-yearly general meeting of the share-
holders of this company was held, at one o'clock,
to-day at the London Tavern.
The advertisement convening the meeting having
been read,
The CHAIRMAN called upon the Secretary to read
the report, and in doing so said it was unnecessary
for him to make any statement beyond this—that
the affairs of the company were going on satisfactorily.
Captain CUAPPELL then read the report, which
stated " That (looking at the general operation of the
company's affairs) it continues to exhibit a satisfac-
tory result. Owing to circumstances, many of which
arise from temporary causes, the disbursements have
been greater than in the corresponding half of last
year; and that the surplus is less : but the total re-
ceipts show a steady increase, notwithstanding the
deficiency in homeward freight, occasioned by smaller
shipment of specie from Mexico, resulting from the
unsettled state of that country. The proprietors are
aware that the items in the semi-annual working ac-
count. laid before them do not exhibit the exact
amounts employed in the half-year's service, but the
sums expended in the half-year, although such ex-
penditure may apply beyond the six months in ques-
tion. The wages exceed those of 1846 by 1,6151.,
occasioned 'principally by an increase of five shil-
lings 'per month to each seaman's wages; and
by the progressive augmentation of officer's pay,
according to the length of itheir services.
There is an increase of 3,8721. in provisions, owing
to the necessity for putting a larger quantity on board
the ships to meet the increased number of passengers.
The excess of 1,7841. upon stores arises chiefly from
the purchase of additional saloon furniture, renewals,
&c., occasioned by the repair of the Teviot and other
ships, and by some few articles required for the Great
Western. The general service and stations account
exhibits an increased expenditure amounting to
3,0771., which arises from the hire of the schooner
Rayo, at Havannah, to convey the Honduras mails for
one trip, while the company's schooner Lee was
hauled up on the patent slip for repair; by a subscrip-
tion to the fund for relieving the widows and orphans
of men who perished at the wreck of the Tweed ; by
the hire of vessels to convey the mails after the loss
of that ship; and by expenses incurred in establishing
the transit accommodation at Panama, Cruces, and
Chagres, which alone amount to 1,195/. There is
an increase of 985/. under the head of salaries, say
6161. in London, and 369/. at Southampton ; which
the directors unanimously considered justified by the
services performed. The ships' repairs show an in-
crease of 4,318/., the greater part of which was for
the Reindeer and Larne at St. Thomas ; and expenses
consequent upon shifing the boilers of the Avon, &c.
at Southampton. There has been a reduction during
the same period upon engine repairs amounting to
7561. Referring, on the other hand, to the receipts
from passengers and freight, the propreitors will
be gratified to observe that there is an increase under
every head, except homeward freight, the falling off in
which has been already accounted for. The measures
adopted to promote 'the transit across the Isthmus of
Panama are gradually producing the desired effect.
Since the end of March last many passengers have
passed by that route, and there have been shipments
of specie by each packet, the amount of which seems
steadily on the increase. Intelligence of the loss of
the Tweed was received by the directors on the day
of the last general meeting, when the circumstance
was briefly adverted to. It is now necessary to state
that the place of that vessel has been supplied by the
purchase of the Great Western, a strong, sound ship,
well calculated for the company's service. Having
made a good voyage to the West Indies and the Gulf
of Mexico, she is now in dock at Southampton,
taking on board a new set of boilers, and undergoing
some indispensable alteration, which will probably be
completed before the end of next month, when she
will, it is expected, be as efficient for years to come
as any other of the company's Atlantic steamers. The
directors are much gratified to add that they have
been enabled to effect this desirable purchase, and to
complete all the payments for the hull, machinery, and
outfit of the Conway new intercolonial steam-vessel,
amounting together to about 40,0001. out of the ordi-
nary means of the company, without diminishing the
Insurance Fund of 74,2811. ss. in Three-and-a-
Quarter per Cent. Government Stock, or any other
investment. The Lords Commissioners of the Admi-
ralty, according to the authority given to them by
their contract with the company,✓ had been pleased to
order an alteration of the packet routes, to commence
on and from the second of next month, which will
establish a steam communication direct, once a month,
between Southampton and New Orleans. It would
be premature at present to discuss what may be the
result of this change, either as relates to the public or
to the company; but there can be no question that it
has been determined upon after much consideration,
and the utmost efforts of the company will be exerted
to give effect to the views of her Majesty's Govern-
ment upon the subject. Looking at the general state
of the company's affairs, the directors feel gratified
in proposing (as before) a dividend of 1/. 15s. per
share, exclusive of income-tax ; the same to be pay-
able on and after the 20th inst."

The balance-sheet for the half-year ending on the
30th of June showed the expenditure to have been
155,967/. 1 ls. Bd., and the receipts 198,3711.25. lod.,
leaving a surplus of 42,403/. 11s. 2d.
Mr. RIDGWAY wished, as an original proprietor,
who had given 751. for his shares, to offer a few ob-
servations, in no invidious spirit, with respect to the
affairs of the company. He thought that those who,
like him, had paid a high rate for their shares, and
had held them under great discouragement, should re-
' ceive more than 31. per cent., and they might do so if the
expenses were not of an unreasonable character. The
labourer was worthy of his hire," but the giving of
the servants of the company an undue amount of re-
muneration was not, in his opinion, the best way to
benefit the shareholders. For instance, he considered
the salary of the secretary-1,0001. a year—sufficient
for his services, without the additional two hundred
guines which had been paid to him during the last
six months. He admitted, although he had been treated
with some severity at the office, that he had
been permitted to inspect the books in opposition
to the rules of the company. This gratuity wag
awarded to the secretary for_the services rendered by
him in the new arrangements with the Admiralty ;
but it appeared to him (Mr. R.) that the passage by
way of New Orleans as proposed could not be
effected in less time than at present, namely twenty-
one days.
The CHAIRMAN explained that the gratuity was
given to the secretary for services rendered by him
in remodelling the new contract with the Govern-
ment which had gone on for several years in an in-
complete and consequently unsatisfactory state.
Mr. RIDGWAY repeated that it was objectionable
to remunerate their servants so extravagantly when
their property yielded so small a return. Then, with
respect to the provisions, he believed the captains were
allowed a certain sum of money to provide
articles
for consumption, but it did not appear that they had
expended their money to the best advantage. On
looking at the wine bills he found that the sherry cost
295. a dozen in bond. Now, excellent sherry could
be bought in bond at 531. per butt.
A DIRECTOR-285., not 295.
Mr. RIDGWAY continued—Then he complained
that the wages were too high, and that the directors
were to blame for increasing them. He wished to
put their servants on a par with the Royal Navy, who
were exposed to greater hardships—seeing they had
to remain in all climates, and were absent from their
homes for considerable periods—than the servants of
this company ; and they were better remunerated
than those in that service. Every half year there
was a charge of upwards of 3701. for new coal sacks.
It was true there might be a good deal of wear and tear,
and that continual expense was the result; he did not
complain of this item, but sums like these all reduced
the dividend, and therefore he could not pass them over

p without comment ; and the late Mr. P. M. Stewa an
able financier, said, when the affairs of thorn _ t_ayy'.
frtsfrO were in a less prosperous state, that the , "." lain
yield them 7,3. per cent ; but they did st -.,--ij‘sd -mote
than half that amount. It was a sour
_.iif great con-.
gratulation that the insurance f pa- wki ..- ,
touched by the loss of Me Twe d' i but that
was an additional reason why the divit viad shonlo4 „s's`sss./..
increased. Then the large reserve finsil dirChle,"
m „1- NI
yield all the advantages that it should. fAiciesi skt.o)-'
increase in this respect would place theirslra?eis a
better position in the market.
A SHAREHOLDER—HOW do you make out that?
You paid 751. for your shares.
Mr. RIDGWAY said he reckoned 51. per cent. inte
rest on the original amount paid by him.—(Cries of
" Oh, oh," and laughter.)
A SHAREHOLDER—Then your watch cost ycu
more than the money you paid for it ?
Mr. RIDGWAY—I derive advantage from my watch,
but I do not from the money I have deposited in this
company.—(Hear, hear.) Having the station at
Southampton was unprofitable-to the company and to
the:West Indies—(Hear, hear) —because loss ensued
in the landing of the mails, which might be avoided
if the station was at Falmouth, or some port on the
west. An addition of ss. to the dividend would not
consume more of the funds than 3,7001., and would
leave 12,3731. to place to the reserve fund, which, he
considered, would be a better mode of using tho
money than locking it up in Consols. On these
grounds he begged to move that the 2001. to Captain
Chappell be disallowed, and that the dividend be in •
creased to 2/. per share.
Count BARWIN seconded the amendments.
The CHAIRMAN said, if it was the wish of the meet-
ing he would reply to the statements of Mr. Rids;-
way, but this appeared to him unnecessary after what
had taken place, and the statements in the report.
The company put the best wine in the boats, and the
captain was responsible for it ; he must eithsr return
it or the money for its sale. It was not included in the
passage money, and was paid for, of course, by
the passengers. Unless the wine was of the best
quality there would be no end to complaints.—
(Hear.) It was a matter of detail, into which he
did not think the proprietors would like to enter.
—(Hear, hear.) The 2001. to Captain Chappell, in
the shape of a compliment from the directors and the
company, was for his conduct,in the transaction to which
he had referred. The passage of the boats by way
of New Orleans did not rest with the company, tut
with the Government, which had the power to send
the packets in certain latitudes. But there was
that sort of friendly communication between
the Government and tha coonpany which did nrt
lead to the inference that the Government would do
anything injurious to the interests of the company.—
(Hear.) The directors were rather of opinion that
before long this passage would prove profitable to the
company, as people would get into the habit of com-
ing to Europe without going round by New York.
It would take time, however, to change the habits of
passengers.! With respect to the dividend, he thought
it would be imprudent for the proprietors to go be.
yond the recommendation of the Court of Directors.
The insurance fund was not quite so satisfactory as
they could wish, it was, however, accumulating.
The reserve fund, also, wbs not quite so large as it
should be. Suppose, for instance, their contracts with
the Government suddenly terminated, where were
they to get the funds to repay 601. to each of the share.-
holders, if the funds were aH distributed in dividends ?
They must not eat all their cake at once. In reply
to Captain Warren, who stated that the salaries had
been increased by 1,0001. since the last meeting, the
Chairman stated that the salaries of clerks and others
were increased as they advanced in servitude and
life. The salary of the manager who was about
going to the West Indies, and also of Capt. Mangles,
one of the managing directors, had been increased.
No increase had taken place which could have been
avoided. Unless they remunerated their servants
properly they could not get their work done in an
efficient manner.—(Hear, hear.)
The amendment having been lost by la large majo-
rity, a vote of thanks was passed to the chairman and
directors, which was suitably acknowledged, and the
meeting broke up.

NEWMARKET RACES.

(THIS DAY.)

BY ELECTRIC TELEGRAPH.

Sweepstakes; for two yrs old; winner to be sold for 40/.
F by Touchstone, out of Firefly 1
Fby Erymus, out of Peeress ~, ••• .._ 2

Dulcet ...
The Admiral

All ran.

Handicap Plate. A.F.

... I
... 2

Won by a neck. Sixteen ran.
Sweepstakes : winner to be sold for 300 sovs.
Bishop of Romford's Cob
Tamarind
Garry Owen

The Bretby Stakes of 100 sovs. each.
Sister to Arkwright ... ...
Reflection ... ... ... ...
Jenny Lind ... ... ...
Lsdy Augusta ... ... ... ...
Contessa .• 4 • • . ...

... 1
... 2

... s

... 1
... 2
... 3
- . 4
. . 5

rive ran.

THE RECENT ACCIDENT ON THE ►SOUTH EASTERN
RAILWAY.—The Brighton Gazette speaking of the recent
accident on this line, says :—" Arrangements -have been
made at the junction which will render the recurrence
of such an accident impossible. The points are now
constructed to run into the Keymer Branch, and will
always remain so, unless at times when the signal man,
finding the branch line clear, turns the points to the main
line; in which case he would, of course, give the cor-
responding signal. In this manner, it will be seen, that
negligence, even on the part of the pointsman, will in-
sure safety, while danger can only arise from a positive
act in the wrong direction." It would appear that the
accident arose from the driver of the London train dis-
regarding the stop signal until too late. The same au-
thority says—" A rumour has been industriously circu-
lated that Clayton Tunnel is unsafe; anti we have even
been seriously told that the London and Brighton traffic
is to pass by way of Lewes and along the Keymer
branch railway while the necessary repairs were made.
Another rumour was, that the company contemplated
turning the tunnel into an immense cutting. The ab-
surdity of the latter report is its own refutation. With
regard to the tunnel itself, we have authority to state,
that it is impossible for a tunnel to be in a more perfect
condition in every point."

LITTLE PATRIOTS.—A fair correspondent of the
Ration announces she has taught " a group of interesting
children" that they " are bound, before God and their
country, never to cease resistance to England until they
see before the senate-house of Dublin—
'A line of freemen's flags,
Begirt by freemen's cannon."'
Tn .ARMY.—DUBLTN, OCT. 12.—The 68th
Light Infantry, now in this garrison, are under orders
for Mullingar, where they will arrive on the 14th and
15th instant, respectively. The 40th Regiment, which
arrived in Dublin last week, from Hull, has proceeded
en route to Castlebar, and will furnish detachments to
Galway, Tuna,. &c. The Delot Companies of the 93d
Highlanders left Dublin yesterday fur Belfast, for em-
barkation for Scotland.

ACCIDENT IN TELE COUNTY LONGFORD.—(From
a private letter dated on Sunday, the 10th instant).—
Yesterday we had an awful explosion here, near the
ledge of the New Castle. Just as Mr. and Mrs. Her-
man were in their carriage, on their way to Rockingham.
a nice•slated house by the road side, used as an office
and a store for the men working on the river, was blown
to atoms. The walls, with the exception of one gable,
were torn from their foundation. The check clerk, Air.
Richard Butler, was blown through the door, and mi-
serably scorched and cut. A met. of the name of Lores
and his wife were dreadfully hurt, and also their infant,
but no lives lost. There were on the loft 18 barrels of
gunpowder, containing 25Ibs. each.
A serious case of stabbing occurred at Ipswich on
Thursday night last. It appeared that between eight
a with and nine o'clock, John Nunn, a hawkcicr of fish, went
qthuatrtreel knifel with
he
home under the influence of drink
which was thatuhe stabbed her in the neck. Ile
hadhis Rife,been the
usingresultat t
a ofbl
e vs
was committed for trial on Monday.—Bury Post.
Co'sonel Charles :I\l'Al(lister, of liennox, died sud-
RtreT peace
Aa
eT e 00f VE
denly on Thursday last,
4 aL'Ol,l xy.—Glusgcw Paper.
l‘lOtßbEat A.RWEN.—We regret to
state
t,hihseviliage was again disturbed
The R
on Monday afternoon.
outbreakc commenced with
the destruction, near the Golden
Black-
burn road, of two cartloads of turnituupre, bonelotnhegtirg to a
mechanic and other hands, from Preston, vho had
been engaged by Messrs. Walsh. The " turn outs '
first unloaded one of the carts, and broke it ; after
being reloaded, they again took it off the cart, and
smashed it to pieces. They then returned to the village,
and the spirit of mischief being up, commenced an at-
tack on the cottages of Mcssrs. WO:ill's hands (the
" knobstieks "), tearing down or driving in the doors
and window frames of about twenty of them, situated
near the weaving sheds, at the bottom of the village.
The mob then proceeded further up the village, and
commenced a furious attack upon the George Inn, be-
longing to Mr. Ralph Walsh, a brother of the partners
in the manufacturing firm. The mob smashed all the
doors and windows, tore down the bar, breaking all
the glass, &c., within their reach. Only one policeman
was in the village at the time. Two are stationed there
usually, one of whom was absent on duty. The da-
mage is estimated at between 2001. and 3001.—Manacs-
ter Guardian.
GRAY'S INN.—The lecturer on the law of real pro-
perty and conveyancing has announced hisaistt lt
7 erot,icil:
o::::
deliver his introductory lecture in the hall of that society,
ronMT.,haunrdsdwayc,othnetin4utheotfhNeocvoeurnrbseero,fatlhecatluf-pres,
exercises,
and examinations, on every Monday and Thursday,
until, and inclusive of, Thursday, the 23d of December
next, at the same hour. The admission tickets to be
obtained at the steward's offiee?

MONEY MARKET and CITY NEWS
CITY, WEDNESDAY EVENING.

TIMES.—We regret very much to announce that
the house of Barclay, Brothers, and Co. has to-day
suspended payment. The liabilities are stated at
about 450,0001., of which, however, only 220,0001. is
upon acceptances. The cause of the event is the
same as in the case of Reid, Irving, and Co. Large
engagements in the Mauritius involving a constant
absorption of capital first involved the firm in trouble,
and the recenit failures in England of parties on
whom it held acceptances, coupled with the existing
praTusre, have rendered extrication impossible. The
head of the house is one of the present members for
Subderland, and the partners are distantly related to
Messrs. Barclay, the bankers. They are also related
to the members of the brewery, but an impression
which seemed prevalent this afternoon that they have
some shares inthat business is, we understand, entirely
erroneous.

The English Funds have again undergone a most
severe depression. Consols opened at the closing
price of yesterday—namely, 83 to k, but after
con-
siderable
fluctuations caused by the operations in
connexion with the settlement to-morrow, they
reached at which they were quoted at the
close of regular business. The fall, however, d:d not
end here, but continued after three o'clock, and the
final price was 814, being nearly four per cent.
below the lowest price to which they receded during
the panic in April last. The future prospects of
the revenue, the failure above-mentioned, and a
very strong expectation that the Bank of England
will openly raise their rate of discount to-morrow,
were alleged as the causes of alarm ; but it is
most probable that the necessity of bringing to a
close the large speculations for a rise which have
taken place during the present account, together
with some hasty sales in connexion with a repayment
of advances due to the Bank, had a far greater influence
than any other circumstances. The fact of the last
instalment of the Irish Loan (16 per cent.) falling
due on Friday, may also have contributed in the
same direction. At the Bank to-day the attendance
of the public for the receipt of dividends was said to
be unusually great. The pressure at the Discount
office was also continuous.

Letters from Liverpool mention the failure of Mo-
catta and Son, a firm engaged in the La Guayra
trade, but the liabilities are not supposed to be im-
portant.

a A meeting of the Governor and Company of
Copper Miners in England took place this afternoon,
the particulars of which (inasmuch as they involve
the announcement of a recent lean to the company
of upwards of a quarter of a million, at 5 per cent.,
by the Bank of England, together with the extent
to which the concern sustains loss by the failure of
its Governor, Mr. Gower) will attract considerable
attention.

At the commencement of the proceedings it was
stated, that in consequence of the present position of
the affairs of the company it was considered neces-
sary to recommend a temporary suspension of the
dividends both upon the old and the preference
shares ; and the general reasons for this course, as
well as a detail of the financial measures adopted by
the Court of Assistants, with the view of removing
existing difficulties, will be found in the following
documents which were circulated amorg the pro-
prietors :
At a Special General Court of the Governor and
Company of Copper Miners in England, held at
their office at Castle Baynard, on the 13th of
October, 1847, tl.?, following spee&li was delivered
to the court by the Deputy-Governor;John Henry
Melly, Esq. :
" Gentlemen,—The Court of Assistants have'caused
this special general court to be summoned for the
purpose, firstly, of carrying out an arrangement with
the Bank of England; and, secondly, laying before
the proprietors the present position and prospects of
the company.

" The court regret to have to announce the retire-
ment of the late governor, A. L. Gower, Esq., and of
G. S. Walters, Esq., and William Little, Esq., from
the Court of Assistants. The circumstances which
have rendered these vacancies unavoidable are already
known to the proprietors. It is proposed to call 4
special general court shortly to fill them up, when
parties will probably come forward as candidates
whose names will be highly satisfactory to the
shareholders.

"The court finding from the pressure in the
money market and the numerous failures in the
commercial world, that the financial position of
the company was becoming a very difficult one,
thought it right to summon to a conference the pre-
ference shareholders, 6for the purpose of raising a
sufficiently large sum of money to relieve the com-
pany, but this measure was not attended with ade-
quate success.

" The Court of Assistants then opened a negotiation
with the Bank of England fur a loan on the security
of the company's property in Wales, which I am
happy to say has been brought to a successful issue.
" The Bank has agreed to make an advance of
270,0001, at five per cent., of which 150,000/. will
liquidate engagements of this company already in the
hands of that corporation, and the remaining
120,0001. will come into the company's possession in
cash.

" A resolution will be proposed for your adoption
to authorise the Court of Assistants to carry this ar-
ranpment into effect.

"viThen this special business has been disposed of
I will call upon the secretary to read a report which
has been prepared by the Court of Assistants for
your information, and which will enable you to form
a correct view as to the present state and future pros-
pects of the company; I shall then be happy to
answer any questions which may be put by any
proprietor.

" Report by the Court of Assistants for the infor-
mation of the Special General Court of Proprietors,
summoned for Wednesday, Oct. 13, 1847:
" Since the Annual General Court of the 7th of
April last, the attention of the Court of Assistants has
continued to be given to the best mode of reaping
the advantages contemplated from the increase of
capital and extension of our works, and they are able
to report that, in a very great degree, these expected
benefits have been realised by the present productive
state of these works, and by the diminution of the
floating debt of the company.
" The proprietors will bear in mind that it was
stated by the Governor in April that the Court of
Assistants having accomplished the object immediately
in view, considerably within the limits you voted, had
discont.nued the issue of preference shares ; and,
afterwards, the Court considered they were consult-
isag the interests of the proprietors by converting into
debentures at ten years' date, bearing interest at the
rate of .5 per cent. per annum, such preference shares
as the holders thereof were desirous of commuting
at par.
" Subsequent events, however, have, as is well
known, paralyzed the usual sources of monetary ac-
commodation, and amongst others, the pressure fell
upon this company to an extent which induced the
Court of Assistants to call to a conference tta holders
of preference shares, as parties most immediately
interested, to raise the funds necessary to carry on
the business of the company, either by an issue of the
remainder of the preference shares authorised, or by
an advance on debentures. The appeal, however, was
fruitless, and the Court can only express its regret at
the circumstance.
" It then became essential that the Court of As-
sistants should take immediate steps for preventing
the loss of property which was impending, and an
arrangement has been made with the Bank of Eng-
land by which the existing liabilities of the company
will be extinguished to the extent of 150,0001., and a
loan in cash of 120,000/. will be made on the security
mortgageof a on the company's property in Wales,
with the collateral security of the members of the
Court, and other approved parties.
The Court of Assistants feel that in thus placing
themselves in the gap to stop any ruinous effects on.
your property, they took upon themselves a risk which
their confidence in your support and in the stability
of the undertaking could alone justify, and which
will be responded to by your approbation and unani-
mous confirmation of
the arrangement.
" With a view of reducing the liabilities of the
company, the Court of Assistants
necessary to determine havedeemed
it
that
no dividend shall for the
present half-year be paid
upon the old shares ; that
the dividend on the preference shares shall also for the
present be suspended ; but that, of
ennpunctgualle
engagements of the company, in'cludint
Ise, all other
l
payments
of interest on the debentures, be
met.h
" The annual aceounts of the company
ways been made up to the 30th of September have
ineaalh-
year, and as so short a time has elapsed since the 30th
of September last, the Court has no correct account
later than September 30, 1846. This of course has
been much changed by the operations of the past
twelve months, an therefore it is not possible for the
Court to be accurate in figures ; nevertheless, to avoid
misapprehension, and as some of the preference share-
holdsrs who attended at the late conference appear to
have gone away in error, the fol:owing statement is
annexed, which, in round numbers, very nearly ex
hibits the financial position of the company :
LIABILITIES.

Stock in trade, including metals, minerals,&c. 430,000
Cash, bills, and book debts..

£1,415,000

"`The Court of Assistants, anxious to inform
itself thoroughly as to the prospects of the company,
deputed a committee to proceed to Cwm Avon in the
month of June last, and from the report of that com-
mittee, the Court satisfied itself that the prospective
income of the company, arising out of the successful
carrying forward of its works, would be sufficient to
provide for all its current engagements, to pay off
gradually all the debts of the Corporation, leaving
the property of the company, at no distant period,
free fioin incumbrance, for the benefit of the share-
holders.

" J. H. PELLY, Deputy-Governor.'"
The reading of these statements appeared to
occasion much surprise, especially when they were
contrasted with the flattering accounts furnished not
more than six months back, and to which Mr. R. W.
Carden, who took the initiative in the discussion,
fiorcibly directed the attention of the proprietors.
There seemed on the part of the majority of those
present every inclination to afford the directors credit
for the best intentions; but many, nevertheless, inti-
mated a strong desire to ascertain the real nature of
the circumstances that could in the space of one half-
year have brought about so extraordinary a change.
Of course, the assistance rendered by the Bank in
the shape of the specified advance was regarded as
indicative of the strength of the credit of the company,
and a vote was unanimously passed, authorising the
Court of Assistants to complete the arrangement.
On the subject of general prospects, it transpired,
that the debt due from Messrs. Gower and Co. is
under 20,0001., and also that arrears of calls on old
shares exist to the extent of 60,0001., some of the_
directors figuring in the list of non-payments. With
reference to these arrears, it was suggested that as
the Court under their charter do not possess the
necessary power to enforce such claims, they should
at least take steps at once to declare the forfeiture
of the shares, in order that all parties might staid
on an equality. To this point, and the preparation
of a complete statement of accounts so soon as they
can be arranged, the Court pledged themselves to
give their immediate attention, Mr. Pelly, the Deputy-
Governor, assuring the proprietors that it was
the earnest wish of himself and of his col-
leagues to act in a candid and straightforward
manner and to conceal nothing from them. On this
understanding an adjournment was agreed to, the
Court stipulating to convene another meeting at the
earliest moment they could present a further report
and a proper and detailed balance-sheet. It seemed
to be anticipated among the proprietors that after the
accounts shall have been thoroughly analyzed, and
the assistance afforded by the Bank shall have been
brought into active service, a more satisfactory pro-
gress may be looked for.
An extraordinary general meeting of Price's
Patent Candle Company (a concern in which two of
the present, and one of the late partners, of the house
of Cockerell and Co. are directors), was held this
morning, when a report was presented, stating that
owing to Messrs. Cockerell's suspension, it would be
for the advantage of the shareholders to defer the
division of the profits which have accrued since the
Ist of January. It appears that in purchasing the
patent rights of Messrs. Price and Co. the, company
under whose direct control the working of the estab-
lishment was not taken until Aley last, contem-
plated making their payments by initaiments (allow-
ing Price and Co. 5 per cent. upon such sums as
might remain unpaid, and also for such portions of
their capital as might continue to be employed in the
business) ; but the resources of the firm having been
straitened by Messrs. Cockerell's suspension, it has
now been thought best to postpone the contemplated
division of profits until December next, when it may
be made without inconvenience.
In accordance with this recommendation a divi-
dend of 11. per share out of the profits to the present
date, being at the rate of 20 per cent. per annum on
the ia'd-up capital—was agreed to, the same to be
payable on the 31st of December next. The forfeiture
and re-allotment of 325 shares standing in the name
of Sir George Larpent, and of 1,825 in the name of
Mr. John Cockerell, upon which the calls have not
been paid, was also resolved upon. As regards the
former gentleman, however, the report of the direc-
tors contained the following paragraph, which will
be read with gratification :
" The directors have been happy to learn, since
the insertion of the advertisement convening this
meeting, that Sir George Larpent intends to re-
main in London, and hopes to retain his seat at the
board,"

SANDERSON AND CO.

A third meeting of the parties interested in the
affairs of Sanderson and Co. took place on Tuesday,
at which it transpired that the bills bearing the re-
sponsibility of the firm which have run off since the
meeting on the 28th ult., have amounted t@ about
350,0001., and that these, upon the whole, have been
well met. It will be remembered that, at the date of
suspension, the amount of bills running was
1,725,0001, a total which has now been reduced to
about 1,000,0001., and which, before the end of the
year, will be further reduced to 220,0001. The
amount of acceptances held by the house (overdue
and to mature) on firms which have failed since
Messrs. Sanderson's suspension is stated to be about
28,000/. The following is a minute of the pro-
ceedings :

a meeting of the parties interested in the
affairs of Messrs. Sanderson and Co:, held at their
office, King William-street, London, October 12,
1847, by adjournment from the 28th of September
last, present, Samuel Jones Loyd, Esq., in the
chair,—

" Resolved,—That tin progress made in the fur-
ther realisation of the assets of Messrs. Sanderson
and Co.'s concern appears to be satisfactory, and that
this meeting be adjourned to Friday, the 12th of No-
vember next, at one o'clock, at this place.
(Signed) " S. J. LOYD, Chairman.