The Sun.
London, England, 1848-08-17 00:00:00

xd
AUGUST 17, 1848.

she resumed her lead, and kept it until near the mile-post,
when it was taken by Antagonist, followed by Cosachia
and,Vampyre. This trio ran in advance to the half-mile
post, where Tarella took the running up, Antagonist
second, and Cosachia third. The race terminated in this
order, Tarella winning by a length, and Antagonist
beating Cosachia by a head; Yampyre a bad fourth. Run
in 4 min.

The Queen's Plate of 100 guineas. Two miles and a dis.
Mr. Harrison's Pyrrhus the First, 5 yrs, 9st Illb . . 1
Mr. Osbaldeston's Fugleman, 3 yrs, 7st 51b, ... 2
Lord Exeter's Tophana, 3 yrs, 7st 51b 0
2 to I on Pyrrhus, and 3 to 1 agst Tophana. Tophana
led for about half a mile, but having taken the wrong
side of a post, was passed by the favourite, who had it
all his own way, and won by four lengths. Run in 4
min. 20 secs.

The Amateur Stakes of 10 soya. each, and 25 added
three yrs old, 9st 101 b; four, 10st 101 b; five, list 51b:
six and aged, 11st lilt); the second to save his stake.
and the winner to be sold for 2001. Heats, one mile.
(13 Subs.)
Mr.
Elwes's Conveyancer, 3 yrs (car. 31b over) 1 3 1
_ _

Mr. Drewitt's Volley, 3 yrs ... ..• ... 4 1 2
Mr. Pearl's Ennui, 5 yrs ... ... 2 2 3
Mr. Tait's Khondooz, aged ... 5 4 4
Count Bathyany's Tragical, 5 yrs ... .. 3 dis.
First Heat-7 to 4 agst Conveyancer, and 4to 1 each
agst Tragical, Khondooz, and Volley. Won in a canter
by two lengths; Tragical a bad third.
Second Heat-6 to 4on Conveyancer. Wen by a
length. Tragical was distanced, his rider having dis-
mounted before passing the chair.
Third Heat-6 to 4on Conveyancer, and 2to 1 agst
Volley. Won by two lengths.
The Members' Plate of 401., added to a Sweep of 5
sous. each ; three yrs old, 6st 121 b; four years, Bst
71b ; five years, 9st ; six years, and aged, 9st 31b;
mares, &c., allowed albs. The winner to be sold for
2001. Heats, one mile and a half. (3 Subs.)
SirS.Spry's fby Sir Hercules,out of Taglioni, 6yrs 1 1
Mr. F. Clarke's Bellensien, 3 yrs ... 2 2
Mr. S. Scott's Tot, 3 yrs ••• •..
Both heats won by a length.
TUNBRIDGE WELLS RACES.—WEDNESDAY.
The Eridge Stakes of 10 sous. each, h ft, and 2 only L
declared, with 50 added; the second to save his
stake. One mile and a half. (16 Subs., 9 of whom
declared.)
Mr. Ayres's 'Wee Bit, 4 yrs

... 3 3

... (Hornsby, jun,

Mr. Wright's Red Leg, Syrs.... _
Mr. T. Brown's nd Martingale, 4 yrs. ... ... 3
Mr. Strode's nd bg by Carew, out of Allmeade, 3 yrs 4
The Stewards' Plate of 204 added to a Sweepstakes of
2 sous. each, the winner to be sold for 601, &c. Heats,
one mile and a distance. (6 Subs.)

Mr. Smith's Lovelace, 3 yrs ... (Crouch) 1 0 1
Mr. T. Lyne's fby Lanercost, out of Zarifa... 0 1 2
Mr. Cuffsll's Bohemian, 4 yrs... ... ... 2 2 3
Mr. Balchin's Sir Edmund, 5 yrs ... 0 0 4
Mr. B. Laud's Keeley, aged ... .. .. 3 3 dr
BETTING AT WOLVERHAMPTON ON
WEDNESDAY.
EBOR HANDICAP.

IS to 1 agst Meaux I 7 to 1 agst Ellerdale
6 to 1 agst Maid of my Soul I 7 to 1 agst Dough

ST. LEGER.
3 to 1 agst Springy Jack—t 4 to 1 agst Flatcatcher
4to 1 agst Justice to Ire- 7to 1 agst Surplice
land—t freely

COWES, ISLE OF WIGHT.
(FROM OUR OWN CORRESPONDENT.)
COWES, AUGUST 16.
ROYAL YACHT SQUADRON REGATTA.
The following yachts are entered to start at ten to-
morrow (17th), for the Queen's Cup, value 100 Guineas:
—Arrow cutter, 84 tons, Thomas Chamberlayne, Esq.;
Sultana cutter, 100 tons, R. C. Naylor. Esq.; Bacchante
cutter, 80 tons, B. H. Jones, Esq.; Vandal, 105 tons,
R. W. Cooper, Esq.; Gondola, 76 tons, W. H. Wood-
house, Esq.
In the evening the annual display of fireworks will
take place by Robson.
On Saturday the members will dine together at the
Squadron-house, and there will be six four oared rowing
matches, two by the boats of the squadron, two by the
boats of the port, and two by the boats of the foreign
ships in the harbour detained here by the hostilities in
the north.
On Monday, Prince Albert's Cup, value 100 Guineas,
will be sailed for by the schooners of the squadron.
ROYAL VICTORIA YACHT CLUB.
The weather has been very inauspicious, and appa-
rently there is a great laxity among the members. The
regatta, so far as: the presence of abundance of yachts
and spectators, was magnificent.
FIRST DAY.
Only one match took place. The weather was calm,
with baffling winds.
For a Cup, value 501., for yachts of any Royal Club,
above 15,tonsend not exceeding littonsoi
fe following
starte
Pligonfitt..7 25 tons ... J. Ives, Esq.
Secret 25 tons ... John Wicks, Esq.
Fleur de Marie, 25 tons ... T. Hodges.
Won by the Secret; the Fleur de Marie gave up the
contest.
There was a number of boat races and duck hunts,
which caused considerable animation.
SECOND DAY.
There were two sailing matches, which, at dusk, were
not decided. Her Majesty was present this day in the
afternoon, and was saluted by, the Commodore's yacht,
the Gem, in fine style. Her Majesty returned to Os-
borne about seven P.N. The weather was nearly calm
throughout the day, andal tb tegnhfoioenrryeeoa cutronh..mdtms.
oihnroernoonw Nab,e
mm theirotarht crneeihytnugdr
return,
f cmnott
oeffd
bioteuytds
expectedied,o but thea
sa ht
ehye Needles,agro toea

GEORGE STXPIIENSON, THE AUTHOR OF THE
RAILWAY SYSTEM.—The merchants and manufacturers
of Liverpool and Manchester began to consider the
possibility of availing themselves, for the transport of
raw and manufactured goods between these two great
towns, of those means of transport which had been
found so useful in the coal tracts of Northumberland
and Durham. They did not at first contemplate any
thing more than a solidly constructed tramway to be
worked by horse power. Fortunately they placed the
execution of their project under the direction of George
Stephenson, at that time one of the most eminent of
the colliery engineer man whose mechanical ge-
nius is of that order that it may, without exaggera-
tion, be asserted, that if Watt had not previously in-
vented the steam-engine, he was capable of achieving
it. Born in the humblest rank of life, self-educated,
endowed with an industry, energy, and indomitable
perseverance which rendered his
manifold and emi-
nently practical abilities fully available to his employers,
he early obtained an independent position and a high re-
putation in his profession ; but he might have lived and died
unknown beyond the district of his earlier labours,
had it not been his well-deserved good fortune to com-
mence and complete a work which, in extent, grandeur,
and utility, rivals even those roads which, after with-
standing tor centuries the attacks of time and barbarism,
still testify the power and wisdom of ancient Rome.
Others before him prepared the way ; others since have
contributed valuable improvements iu detail ; but to
G. eorge Stephenson unquestionably belongs the proud
title of the Author of the Railway System. He gathered
the many threads of ingenuity, and enterprise and
weaved them into the wide-spreading net-work which
promises, in its manifold extension, to envelope the
whole world in bonds of commerce, civizilation, and peace.
But with all his far-seeing genius, and all his talents, he
does not possess those minor arts which contribute not
a little to secure cotemporary, iu addition to posthumous,
applause: arts by which lesser men keep themselves con-
stantly before the eyes of an admiring. audience, and
se-
cure constantly re-echoing applause for conquering
dif-
ficulties by themselves created.—Sidney, s Railway Sy-
stem Illustrated.

[ADVERTISEMENT.].—Scorbutic humours Cured by
Holloway's Ointment and Pills.—Extract of a letter from
Mr. George F. Williams, of Blackrock, near Cork, dated
June 14, 1648.—T0 Professor Holloway, Sir,—l beg to
state for your satisfaction and for the information of
the afflicted, the wonderful effects your Ointment and
I'ills have had upon me. I have suffered severely from
Scorbutic humours, and for the last seven years my eyes
have been dreadfully sore; during that period I tried
almost every remedy without obtaining the least relief ;
at last I was prevailed upon to use your invaluable me-
dicines, which I did, and I am delighted to say that I am
perfectly cured by them. Sold by all Druggists, and
at Professor Holloway's Establishment, 244, Strand,
London.

SUSSEX ARCHZOLOGICAL SOCIETY.— The annual
general meeting of this society was held at Lewes on
Tursday last. The Earl of Chichester presided, and
among the numerous and distinguished persons present
were—the Bishop of Chichester, the Earl and Countess
of Chichester and the Ladies Pelham, Earl and Countess
of Sheffield, Lady Susan Holroyd and the Hon. Douglas
Holroyd, the Earl andj Countess of Morton and the
Ladies Douglas, Lord and Lady Headly, Lord Dufferin,
Lord Abinger, Lord Pevensey, and Sir Henry and Lady
Shiffner. With the exception of the members of the
society paying visits to the Castle, the churches of St.
Ann, St. Michael, and St. John, and the new De Wa-
renne Cemetery, the proceedings of the day were chiefly
confined to the reading of some interesting papers, and
the exhibition of various antiquities. Upwards of two
hundred persons partook of the collation, but the unfa-
vourable state of the weather doubtless prevented a much
larger number from being present.
Papers from Belize, Honduras, to the end of June
state that the mahogany cutters, not considering the
prospect of affairs encouraging, were discharging their
men. Under these circumstances it was not anticipated
that business would improve. The refugees from Baca-
lar remained at Belize, but they are represented as
being in a desperate plight, barely subsisting on the
remnant of property they had saved, in the shape of
trinkets, &c. The Government of Guatemala was not
yet relieved from its difficulties, but no certain informa-
tion of the progress of affairs could be ascertained,
mail
communication having been for some time suspended.
The letters from Havre received yesterday afternoon
continue to give a favourable report of the state of busi-
ness in the cotton market. The demand for the various
descriptions was active, at a further improvement in
prices.

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The Cotton Market at Liverpool yesterday was quiet, but
the quotations were steady. There was a good demand for
bowed at 41 to 4% for export. -Railway Shares had again
declined.
It is stated in accounts from Belgium that the Russian
Government has protested against the incorporation of Lim-
burg with Germany, and considers it an infraction of the
Treaty of 1839. The Cabinet of Berlin is said to take the
same view.
The accounts from Ireland, relative to the potato crops,
are of a very unfavourable character, and there is much
anxiety upon the subject, because, even at present, the
weather is of a fluctuating character. The duty upon
foreign Wheat is reduced to Bs. per quarter.
The advices from the Continent notice some symptoms of
improvement again in the monetary and commercial mar-
kets, but nothing of a decided character. It is affirmed in-
deed that the manufacturing interests of Silesia are suffering
greatly, and many people have come to the conclusion that
France will be restored to a fair condition of prosperity even
before Germany and Italy. The distress that exists in
Paris and many of the departments no one can
deny, but there are symptoms of improvement, which
the cordial understanding with England, as fully ex-
plained last night in Parliament by Lord Palmerston, will
serve to strengthen, provided General Cavaignac can main-
tain internal tranquillity.
The delivery of the Liverpool letters this morning was
delayed for some time, and the rumour became general that
a serious accident had occurred. The particulars, however,
will doubtless be found in another column of The Sun.
The failure of the Canal Bank at Albany, United States,
appears to have occasioned serious inconvenience to the
mercantile operations of that city, from the extent of its en-
gagements, and the number of business-men whose funds
were intrusted to its custody. Its condition is found to be
worse than was at first supposed. The amount of its
indebtedness is stated to be about 600,000 dollars, exclusive
of its capital stock, amounting to 300,000 dollars, of which
about 160,000 dollars consist of bills in circulation, and the
large amount of the deposits of individuals, and of country
banks. The reeeiver, on taking possession of its assets, found
in money, exclusive of its own notes and notes of broken
banks, only a three dollar bill of current money, and about
1,000 dollars in specie. The Albany Evening Journal, which
a few days previously had expressed the opinion that the
assets would be sufficient to remunerate, ultimately,: the bill
holders and depositors, now retracts the opinion, and remarks
that it is not justified by subsequent developments, the
amount of circulation and deposits being greater than had
been represented, and the assets less valuable. By a recent
Act of the State the circulation, in case of insolvency of a
bank, is made a preferable debt, and every bill must be paid
before any creditor of any other description receives any-
thing.
The probable effect upon the Money Market, of a defi-
cient harvest, begins to be discussed more generally, and has
its effect upon the public securities. Consols have been
down to 85% to 86, and are since 86 to 86%. Exchequer-
bills of March have declined to 345. premium. East India
Bonds of 1,0001. are 245. premium. Bank Stock has re-
ceded to 198 and 1961,4: The New Three-and-a-Quarter
per Cents, have been 86i to 86%.
In the Foreign Securities, the transactions have been
entirely devoid of interest. Spanish Three per Cents.
Stock has been 21% to 221‘, and the Five per Cent. 11%
to 12. Portuguese Four per Cents are nominally 17% to
181,x. Dutch Two-and-a-Half per Cents.'' realise- 431,E to
444.
In the Railway Share Market, the dealings have been at
heavy prices generally. There is a decline to 114 and 113
ex-div. for North-Western, to 2414 and 24 for Caledonian.
to 83 for Great Western, to 2814 and 28 for Brighton, to
97 and 96% for Midland, to 8% for North Stafford to
24 and 23% for South-Eastern, and most of the other lines
in proportion.

ONE CLOSING
riclCEti OF BRITISH FUNDS. O'CLOCK. PRICES.
Bank Stock
3 per Cent. Reduced Arms 85% 8614 8614
3 per Cent. ConsoLs Annuities 85% 86 86
New 314 per Cent. Arens...... 26341 A'. % 86%
Long Anns. to expire Jaa.11360
India Ronda, I,OOOL ....... ......
Ditto under I,ooot. ... ..... . 27 p 23 p
Consols for Account 85% 86 85% 86% 86
Exchequer Bills. 2%•:1. & 2d.
1,0001. March ...... ........... 34 p
1,000/. June 24 p
500/. March... 32 p
Small, June
PRICES OF FOREIGN FUNDS.

34 p
24 p
32 p
28 p
ONE CLOSING
O'CLOCK. PRICES.
Brazilian Bonds
Danish Bonds, 1825, 3 per Cent 6B 68
Mexie.au. 5 per Cent. 1846 l7 17
Russian Ronda ..
Spanish 5 p,9r Cent. 1840.
Ditto, Pas&'ve
_ Dividerhis on the above payable in London.

Dutch 2% per Cent., 12 Guild.... 4414% 44%
Ditto. 4 per Cent Certificates 70% 70%
PRICES OF rAm. BUSINESS DONE CLOSI
RAILWAY SHARES. AT ONE O'CLOCK PRICES
Aberdeen 5O 20 20
Amber. Nott., Boston,
and Eastern Junction 3%...... ..1
Ayrshire and Galloway.. 2% —
Belfast & County Down 16
Birmingham and 0x.7
2346
ford Junction • ... 20
Birmingham, Wolver-
hampton,_ and Dudley 10 —
Birming.,Wolverh'pton,
and Stour Valley 134 145... .
Birkenhead, Lancashire,
and Cheshire Juno 10
Boston, Stamfd & Birm. 5
Bristol and Exeter B5
Ditto, Thirds ..... 25
Buckinghamshire... 141. 4s.
Caledonian
Ditto, Half Shares .. 83%......
Do. New 101. Pref 2%......
Ditto,Clydesdale June 50 ......
Chester and Holyhead 47%
Ditto, Preference l5
Clarence
Do. Ist Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
4 per Cent.
Ditect London & Ports-
mot,:th
Dublin and Belfast Juno. 30
Dundalk 14 Enniskillen 20
East Anglia, 251., L. &
E. and L. and D...... 25
Do., 18/., E. & H.... 18 .....
Do., 3/. 40s. ...... 3% .....
Eastern Cotatths...
Do. NevrGnaranteed
6 per Cent. ...... 6 57 INN •
Ditto,Exteßion,s per
Cent., N0.44.....61. 13s. 4d....
Ditto ditto, No. 2...61. 13s. 4d... % dis. par .

. ri(
23

.....
3%

Do. North. & Eastern 50
..............
Do., 5 per cent.
Do. Quarters
Do. New
Eastern Union, Class A
(late E. U. Shares) 25
Ditto, Class A, ditto... 1
Ditto, Class B (L &
and B.) 2O
Ditto, Class C, ditto... 171,4..... 4
Do. Scrip (6 percent.) 10 ...... , ......
Ditto, ditto
Ditto (C. & E.) guar.
5 per cent 21,. .
East Lancashire
Ditto, New
Ditto, New Quarters 61% —

4 dis
23%
2%

1414

. _
Do., 6 per Cent. Pre-
ference Quarters ... 214 2l,
East Lincolnshire ...... 23
Edinburgh and Glasgow 50 ......
Ditto, Half Shares ... 15 .. .. 9
Ditto, Quarter Shares 121/1.......
Edinburgh and Northern 25
Ditto, New 614 — ..........•••..
Ditto, Newport l3
Ditto, ditto, New 33/4 . .
Exeter,Yeovil, & Dorch. 2-)A —
Ditto, New
Glasgow, Dumfries, and
Carlisle ....... ..• -31. 6s. 8d _
Glasgow,Kilman, IS; Ayr 50
Ditto, New ... ..... .... 40
Do. Preference Consol. 15
Great Northern
Do., London and York 2%......
! Treat South. and West.
(Ireland) ... 421/4......
Great North of England.loo ....• •
Ditto, New, 40/ l5
Ditto, New, 301......... 30
Ditto, New, 15/ —
Great Western 9O ... .. 83
Ditto, 14 Shares 5O ......
Ditto, f Shares
Ditto, Fifths
Ditto, New 171........ 13 ... .. 104 lO
Huddersfield and Manch. 28

21,‘
241,¢
914

.--
U

---
5%

Ditto, Thirds
llull and Selby .. ...... 50 .....
Ditto, Half Shares ... 25 .....•
Ditto, 14 Shares
Lancaster and Carlisle... 50 ......
Ditto, Thirds
Lancashire & Yorkshire 93 .
Ditto, ditto
Ditto, % Shares ...... 43 ... ..
Do. Quarter Shares... 171/2 ......
Do. Fifths... ......... ... 9
Do. Sixteenths 6.;11 ......
Do. Thirds (Reg.)..... 13 ..•••
Do. New,Gua.6 per ct. 24 ...... .•• --
Do. Liverp. and Bury 43 ......
Ditto % (late Hud-
dersfield and Sheff.) 38
Do.(Wakefield,Ponte-
fract, and Goole) ... 50
Do.( W. Riding Union) 6 .. ... ............
Do. (Preston & Wyre) 25
Do. 1 Shares (A). • • 91,4 —
Leeds and Bradford
Leeds, Dewsbury, &c.... 50 . .....
Do., Half Shares '29% —
..... .
......... .1••
Do., (blue) Scrip 1i...,.. ...............
Leeds and Thirsk
Ditto, New ..... ........ 30
•• •........
Do., Prefer., 6 per CL 31. x — ...
...... " ....
.
Liverpool, Crosby and
Southport . 3lii _
.............
Liverp., Manchester, and ..
Newcastle Junction... 2% —
Lo!Idon & Black wa11...13/. 6s. 8d — ............... —.
Do. Extension ... 221/i...... ...................
London, Brighton, and ..
.........

. .
South Coast
Do. Consol. Eighths. 50
....... --**
Do. Guarant. 5 per et.., 9 -. .
.. ***** '
--2
Do. Pref. Con. 5 per et. 50 ..
•• ....
Ditto, ditt0...... 1852 50
..
Ditto, New Si., guar.
6 per cult. .. -