The Sun.
London, England, 1870-10-21 00:00:00

1 FIE SUN, LON DON, FRIDAY, OCTOBE ! 21, 187 C.

WRECK OF THE CAMBRIA.
SUPPOSED GREAT LOSS OF LIFE.

The steamer Enterprise, from Garston to Londonderry,
picked up a boat off Irishowen Head at three o'clock yester-
day afternoon, containing a sailor and the corpse of a girl.
The former states that the Cambria, a ship
belonging to the Anchor Line, which left New
York on the Bth instant, struck at ten o'clock
the previous night on Inishtralnill Island, and became a
total wreck, Pour other boats containing liassengers left
the ill-fated vessel at the same time as the one picked up,
but what has becoMe of them the sailor is unable to say.
His own boat was capsized, and all in .it 'except himself
were drowned. The above information has reached
Lloyd's.

[CENTRAL PRESS TELEGRAM.]
LIVERPOOL, FRIDAY.

Lloyd's London despatch as to the wreck of the
Cambria is confirmed ' by a telegram received here
by the agents of the Anchor line, from Londonderry,
which is to the effect that the steamer Cambria, which
left New York on Saturday week, was totally wrecked
on Inishtrahull Island, near Londonderry, on Wednesday
night. Out of a total of 170 people on board only one
man, Mr. Gartlan, of Omagh) Ireland, has been Saved.
He is now at Londonderry,

We are requested by Mears. Allan, Brothers, and Co.,
of Liverpool, to mention, with reference to the announce-
ment of the loss of the Cambria, that this steamer is not
one of their line.— Titiits' Second

THE MONEY MARKET;

CITY, Two o'CLocx.
Stock markets not quite so good ; Consols are quoted
at 921 to
The end of the war can hardly arrive without an addi-
tion being witnessed of at least 200 millions sterling to
the existing debts of European States. Already more
than a quarter of that sutra has been raised, and Prussia
and Bavaria are again seeking supplies, while in the back-
ground there is the huge amount to be provided by France
ilkthe shape of indemnity and also for the means of
reparation from the ruin of the war, together with the
requirements to establish a return to specie payments.
A prospectus has been issued of the Bellavista Silver
Mining Company (Limited), with a capital. of £30,000 in
shares of £l, to work some mines in the province of
Cagatambo, in Peru.
The report of the Grand Trunk Railway of Canada, to
be presented on the 27th inst., shews an available balance
of only £8,639. The increase in the gross receipts as com-
pared with the corresponding half-year of 1869 has been
£29,946, and in the net receipts only £12,384, owing to
the competition Carried on, the low prices of produce, and
the interruption to business from the Fenian invasion of
May and June.
The Liverpool Journal of Commerce states:—" Mr.
Henry Wilson, London, and lately one of the partners in
the firm of Cunningham, Andrews, and Co., cotton
brokers, Liverpool, has petitioned the Court of Bank-
ruptcy for liquidation by arrangement. A meeting of
creditors is called for the 26th inst. at Liverpool. In the
County Court yesterday a meeting of the creditors of Mr.
John Hill, metal broker, Liverpool, was held, when debts
amounting to £4,803 were moved. The statement of ac-
counts disclosed unsecured debts, £6,978, and assets £2:58."

The Manchester Examiner states :—" At an adjouined
meeting of the creditors of Mr. J. B. Wolfenden, share
broker, the resolution to accept a composition of 3s. in
the pound-2s. in cash and Is. in two instalments—was
confirmed.

The following relates to the Central Argentine Rail-
way :—" Central Argentine Railway Company (Limited),
60, Gracechureh-streets Oct. 19. Sir—The announcement
which appears in your article of to-day, that the Argen-
tine Government had found it necessary to ask an
authorization from Congress for the sale of the 17,000
shares they possess in the Central. Argentine Railway,'
having given rise to many inquiries from parties interested
in this important undertaking, you will not, I hope,
deem it unreasonable if, under the circumstances, I ex-
citant, through the medium of your column, that the law
passed in Congress the 13th of August, 1870, authorizing
further railway communication in prolongation of the
Central Argentine Railway for a distance of 376 miles to
Tucuman, in view to connecting the Argentine Confedera-
tion with the republics of Bolivia and Chili, enacts by
Articles 9 and 10 as follows :—` Without prejudice to
the foregoing Article, the Executive is authirised to
dispose as best it thinks proper of the shares it
holds of the Central Argentine Railway Company
for the purpose of raising funds for the immediate
commencement of the works of this Tucuman Railway.
' The Executive shall, by special law, be authorised to
conclude a contract for the immediate construction of that
part of the railway already surveyed and starting from
the city of Cordova, and according to the provisions of
said law.'—l am, sir, your obedient servant, GEORGII
WooLcorr, Secretary." •

MARKETS.—Tars DAY.
MARK LANE.

Influenced by the clearance which is being effected in
the floating grain trade, the business passing at Mark-
lane was of an animated character ; but a general
advance was checked, owing to the extensiveness of the
arrivals from abroad. There was only a moderate
show of English wheat on offer, but of foreign
it was large. The inquiry for all qualities
was active, at an occasional rise of ls. per quarters
Barley was in good supply and reqnest, at fully privious
currencies. The malt trade experienced a slight im-
provement at Monday's quotations. The market
was largely supplied with oats, nevertheless the
demand was brisk, and in some instances the late
reduction was thoroughly recovered, Beans and peas
met a healthy enquiry on former terms. Flour was in
active request, at firm quotations.

TIM!: EMU., OF-DERBY ON THE
EDUCATION BILL.
(CENTRAL PRESS TEbEGRAIL)

Yesterday afternoon a crowaed public meeting, to ex-
plain the objects if the .I.latichester Diocesan Board of
Education, was held in the Preston. The
Right Hon. the Earl of Derby presided, and there were
also present; the Lord Bishop of Manchester, the Hon..F.
Stanley, and most of the clergy and gentry of the town
and neighbourhood:

The noble. chairman, after a few prefatory remarks,
said that what the promoters of this meeting desired was,
briefly stated, to increase in various ways the effi-
ciency and to add to the number of those elementary
schoMs which were, in that part of the country, in connec-
tion with the Established Church. Other religious
denominations were exerting themselves in the same way,
and lie was quite sure that his friends on his right and
left would bear him out when he said that the position of
those now before him was not one of hostility to
other denominations, but rather one of friendly rivalry
with them, and of co-operation with them-.-though of
separate -and individual agency—for one common
and national good. (Hear, hear.) Now, -most
of them knew what were the principles and
leading provisions of that important measure for. -the
extension of elementary teaching which had become law
during the last few months. It *as not his object to
criticise that measure, or to look at it with the eye of a
theorist or a partisan. It seemed to him that it had been
conceived in a spirit of fairness, moderation, and equity,
as between the various interests of parties. What Par-
liament had in substance said tc, the people of England,
was this—" We intend to have every child in England,
Whether in town or country, and without expense,
taught to read and write and cypher, and made capable
of discharging his duty to his family and his country.
(Hear, hear.) We hold you, the local authority, and you,
the ratepayers, responsible for this being done, and done
effectually. Providing you do it, we don't want to tie
you up too tightly as to the means. If you can get on
without compulsion; so much the better : if you cannot
do so, then you are authorised to use dompulsityn. If you
can do it with the present agency, do so, but the new ma-
chinery provided by the school boards gives you a system
of doing it more effectually." He (the noble earl) thought
the plan one calculated to obtain a maximum of useful
result with a minimum of antagonism, and could be
worked without injury to the feelings of individuals or
classes. But the Education Act of last session was upon
the face of it an experiment. There was no finality about
it. So much, however, was clear, that,h it held out to the
various religious denominations into which the community
was divided
-the strongest possible incentive to exertion.
(Hear, hear.) While, on the one hand, they were told
that on certain conditions their assistance and co-opera
tion was invited—while Parliament, wisely in the present
circumstances of the country, does not refuse to avail
itself of the co-operation of those ecclesiastical bodies
which it was admitted had done so much to promote ele-
mentary education, and could do so much to impede any
system to which they objected, on the other hand, it
held over them and the whole community a very
distinct and intelligible warning, that if the
educational requirements of the country were
not adequately met by the agencies existing, or
by- those recently sanctioned, they would have
to be met in some other way, and probably no different
arrangement would be likely to be so unobjectionable as
the present one in the eyes of those who had now the
working of elementary schools. (Hear, hear.) But it was
not the object of anyone in that roofs either to find
fault with the Education Act of last session; because
that would be useless, or to endeavour to turn or to twist
it, to any special purpose. The promoters of that meet-
ing wished honestly to work the Act, and to use the
powers it conferred upon them in the spirit and for the
purpose for which it was intended. Now, the Act made
it optional to choose between the effectual working of the
old existing schools or the creation of School Boards;
which might be supported by rates. He had not a word
to say against the system of School Boards. They were
an experiment in every large town, and it might be that
we should come to them universally in the end, but it seemed
to him that School Boards were likely to answer best
where the area of their operaticuss was largest, and that most
difficulties would be encountered where the area was small.
But in towns they would have a wider choice of educated
men to serve on the boards where those important de-
nominations he had referred to were well represented,
while in the . agricultural districts there would be a desire
to learn something from the experiences of those who had
made the first step; for he did not think they were
anxious to enlarge on the old foundations, and would go on
as long as they could with the educational machinery
to which they bad been accustomed, and
which did not involve any addition to the
local taxes. (Hear, hear, and cheers.) His own feeling
in the matter was this : Let them, by whatever agency
they might severally prefer, render primary instruction
universal.. He saw in this Diocesan Board of Education
an engine powerful for that purpose, and he for , one
should give it his hearty support. (Hear, hear, and ap-
plause.) The objects of the promoters of the scheme
were to stimulate and sustain a more general and
hearty • interest in the subject of. elementary educa-
tion in Church schools throughout the diocese, to
aid from the funds of the Board in providing
sufficient school accommodation, and promoting the effi-
ciency of existing schools, to secure the supply of suitable
teachers, to organise a system of the diocesan school
inspection, to promote the efficiency of Church Sunday-
schools, to encourage the development of middle-class
education by means of secondary schools, to help in
establishing and maintaining satisfactory relations
between managers of schools and the Education De-
partment, and generally to co-operate in securing the
effective working of the new Education Act. For
these purposes it was estimated that an annual
income of from £2,000 to £3,000 would be required.
(Applause.)
The Bishop of Manchester moved, and the Hon.
Edward Stanley seconded--" That this meeting having
heard the object and constitution of the Manchester
Diocesan Board of Education, resolves to give it its hearty
suppOrt."

The resolution was carried unanimously, as were seve-
ral others, and the meeting terminated.

THE LATE FLOODS IN SOUTH AMERICA.
The Philadelphia correspondent of the Times says that
the entire country is in lamentation over the severe
loss of life caused by freshets and overflows in Maryland
and Virginia. After a summer of drought, in which the
streams of almost every section were shrunken and almost
dried up in some cases, a heavy easterly storm came last
week and discharged the bulk of an enormous mass of
water among the Alleghany Mountains in Virginia.
The outlets for the flood were along the James and
Potomac Rivers, and they swept along their shores
with resistless force, devastating the farms, carrying away
bridges, destroying villages and towns, breaking canals
and railways, and causing the loss of at least 100 lives.
The flood first appeared in the James River, overflowing
Lynchburg, and subsequently submerging the greater
portion of Richmond. On the Ist of October, at
Richmond, the James in a few hours rose 40 feet,
overflowing the entire lower part of the city,
destroying the gas works, and thus depriving
the city of light, and compelling hundreds of families to
floc fur their lives. Ferrioo wore run tluvugh the prin-
cipal streets, and in one place a large schooner anchored
in front of the door of the principal hotel. 'The store-
houses were submerged, and all the available waggons
were employed in hauling from a tobacco warehouse the
tobacco of the French and German Governments,
180 hogsheads of which were, however, destroyed.
In the valley of the James River and at the cities on
its banks, the loss of property is estimated at
4,000,000 dollars. At the same time that the flood was
rushing down James River, a similar freshet from the
Shenandoah Valley swept along the Shenandoah River,
and into the Potomac at Harper's Ferry. Here another
flood into .the Potomac was met, and the result was
most disastrous• to the town. Two swollen moun-
tain torrents compressed into one swept over the
greater part of the place. Over thirty buildings were
swept away, the portion of Harper's Ferry built on
what is known as the "island" being almost entirely
carried off. Forty-seven persons lost their lives in this
flood, and many had hairbreadth escapes. The waters
rose with great rapidity, becoming in a few moments a
wild torrent, dashing over the town and destroying every,
thing in its way. This flood, passing down the Potomac-
overflowed Georgetown, Washington, and Alexandria,
carrying away or damaging the valuable bridges across
the river at those cities. Here the damage done was
very great, and at Alexandria several lives were lost.
The Potomac was a strange sight, however—
furniture, timber, provisions, flour-barrels, and every
conceivable thing floating down with the current, while
hundreds of courageous boatmen were venturing along
the borders of the stream endeavouring to recover the
valuables floating by. These floods have cut off railway
communication with the South, and severed the telegraph
wires; they are said to have been the most severe since
1807. On the 2nd of October the waters began to subside,
and now all fear of further danger is past. The damage
(lone in the Shenandoah Valley is said to be worse than
any inflicted during the late war. Two towns—Shenan-
doali city and Columbia, in Fluvieuue county—have been
almost entirely obliterated.