The Sun.
London, England, 1848-10-25 00:00:00

LLOYD'S SHIPPING—(THIS DAY.)
LONDON, OCT. 25.—Wind W., fresh gale and squalls.
LIVERPOOL, OCT. 22.—Arrd. 23d, Berbice, Bidely,
Berbice; Bay State, Proctor, New Orleans; Wyorbitig.
tfierokent Philadelphia; Eagle, Sand, Miramichi. 24tt:
Flora, *Donald, Sutherland; Calcutta, left St. lleletir 27th Aug. Yarmouth, Forsyth, Rio Janeiro; Llckltlp,
toyd, Callao; Cumberland, Aitkin, Para; General Mina
Larringaon, Havannah; Liberty, Morton, New York;
F. Y. Porter, ditto; Alicia Wilson, Berts, St. Andrew',
N. 8.; Ann, Dashwood, St. John's, N B.; Jane, Potts.
quebec; Robina, Duncan, ditto ; Elizabeth, M .ffatt
ditto; London, Bathurst; Jessie, Dalhousie. Sid. 24th
`Tames Wood, Sheddings, Bombay. Off port, 24th, C. -
tins, Africa; Beatrice, Paraiba; Elizabeth, Genoa Packer.
23d, The Nathan 'Hale, from New York to Cork, wa
spoken 26th ult., in lat. 44, long. 52, with stern frame started, and leaking badly. 24th. The Ann, of New
port, after having been in contact with a homeward
bound vessel, foundered on the Banks of Newfoundland;
Crew saved by the Abigail, Daly, at St. John's, Ness Brnmcwielc. Silurian, of Newport, having lost maintop.
mast, mainyard, sails, &c., in a squall from S., 17th in-
Rant, was spoken on the 18th, in lat. 50, long. 39, 6)
the America steamer arrived here. The Riviere, Bunt.
from Hoyle to Runcorn, was run down last night by the
Orion steamer, from Glasgow, and soon after sank; crew
saved.-
DUBLIN
, OCT. 23.—1 t is reported that a French
schooner is on shore on the coast of Wexford.
AURDEBN, OCT. 23.—The Velocity steamer, Stewart,
from Newcastle, in making this harbour last night,
struck on the-pier; and became a total wreck; crew and
passengers saved. The St. Nicholas, Walker, from
Newcastle. -

came on at the sameon the sands,
at thetack of Northshore Pier, and remains ;m crew saved.
ittawien, OCT. 23.—The Diligent, Ellis, of Pwllhelli,
from Port Madoc to Newcastle, was totally lost on the
Zentish Knoek this morning; crew saved.
1-.)EAL, OCT.
.24.—Wind S.W. to W.S.W.—Arrd.
Steadfast, Spencer, -Sydney, New South Wales• Inchin-
tan, Pearse, Sydney, New South Wales; Potentate,
T Launceston, Van Diemen's Land; Lebauro,
"was, Port Philip; Mathilda Luchie, Sproston, Ber-
bice; Crusader, Rosignol, St. Thomas; Mina, Furcot,
Tobago; Ealing
B Grove, Falconer, Dominica; Sarah
,ridges, Jamaica; Caroline, Stone, Jamaica. Arrd.
horn the River and sailed, Dart, Stewart, Madeira.
SSniII•L,OCT. 23.—There was a strong gale here, from
.W. list night, with heavy rains ; it has moderated
tog,y, and is at S.W. to W.S.W. The Comet steam-
re of this port, was wrecked on Spurn Point last night;
re saved.
SCILLY, OCT. 23.—The Akke, Boom, Potyer, from
Rotterdam to Liverpool, was towed in here 20th instant,
with loss of masts, sails, rigging, &c.; she has been sur-
'eyed, and must discharge part of cargo to repair.
PastiListca, OCT. 23.—The Eclipse, Fry, from Wales
to Southampton, which bad put in wind-bound, sailed
for her destination this afternoon, but having carried
spay bowsprit and foretopmast in the chop of a sea,
Was abandoned by the mate and crew, leavin the
master only on board; two pilot vessels have beeng sent
in search of him. Arrd. Triton, Wakeham, Quebec.
OOFF-THE START, OCT. 23.—Punjaub, Calcutta.
j"gr. OCT. 21. Arrd. Nameless Le Rue, Labrador.
BRISTOL.--Arrd. Lerwick, Richibucto, and not sld. as
reported yesterday.
COWES, OCT. 24.—Wind S.W.-23, Sld. St. Ameer,
Stevenson, Swan River.
DinilLlH, OCT. 22.—Ski. Wanderer, Cunningham,
4t. John's New Brunswick.
RINGSTOWN, OCT. AI 23.—Wind S.W.—Arrd. Charles
'Loughlin, Crosbie, Si. John's, New Brunswick.

25, 1848.

- ...
FRANCE. dal, having on one side the "roy
sery al effigy,
"" and on the
last night]:—
ice.
[The following appeared in our Third Edition of
they the words "for meritorious
i The recommendations to be made by comet anding
The Democratic and Socialist Banquet, called the
officers, but the selection shall rest with the Lords Banquet of Passy, at 2f, a head, was held on Sunday, Commissioners of the Admiralty.
Gratuities with pensions may be granteJa upon
discharge to certain petty officers and men,
-who are
in the ball-room of M. Dourlans, the, restaurateur,
--XL 1 deserving reward for meritorious conduct and who
have completed twenty-one years' service
between the .Barrieres de l'Etoile and du Roule ;
_ d'Alton Shee took the chair. As it was reported
that more than six thousand guests would as- The gratuity to the Ist class petty officer... Lls
I" semble, some fears were entertained that it might The 2d class ditto .......................... ... 10
produce some disorders. Those fears, however, were Seaman and Private
di • ' ' - -

... ...... .. .. 6
....
Commanding officers •
of .
Royal Marines maan-
nually recommend such individuals, but the amount
from each division must not exceed in any one year,
if upwards of 700 rank and file on shore, 301.; if
under ditto, 201.
The men recommended must have completed
twenty-one years service, and must have borne an
irreproachable character, and they will be entitled to
wear a silver medal.
Officers commanding ships paid off are to recom-
mend those deserving this especial mark of favour in
the proportion of one for every hundred of the crew.
Able seamen and private marines, who shall have
completed five years' service, will be entitled to id.
per day as additional pay, and to wear a badge, pro-
vided their names shall not have been entered for at
least two years in the defaulters' book.
At the completion of ten years 2d. per day, pro-
vided they shall have been in the uninterrupted
receipt of the id. a day for two years immediately
preceding such further claims.
Those who shall have completed fifteen years' ser-
vice shall be entitled to 3d. a day, provided they shall
have been in the uninterrupted receipt of 2d. a day for
two years immediately preceding their claim to the
third penny.
Those who shall have completed twenty years shall
be entitled to 4d. a day, provided they have received
the 3d. uninterruptedly for'. two years preceding, and
so on for every additional five years up to thirty years.
Seamen and marines who, by their good conduct,
shall have obtained one or more distinguishing marks,
shall be entitled to the full rate of the good conduct
pay on discharge, but the maximum for an A.B. and
private R.M. shall not exceed is. 2d. per day.
The rates of pensions for the petty officers and
sergeants are to be computed at the same rate as able
seamen, and with the following addition :--
Total pension not to
Sergeant-Major, 2id. per day exceed, pe r diem.
... 2 6
Quarter-Master Sergeant, 2d. ... 2 2
Petty Officers (Ist class) and
Sergeants, Id.
..• 2 0
Corporals, id.
Provided they have served twenty-one years, and
rhaajnegssetrhvreede
yweaitrbsoiumt
iniedntieartreulyptpiornecewdiint
ghinthesiervdeur'al-
charge.

A FEW WORDS ON RAIL WAY
BUSINESS.
TO THE EDITOR OF THE SUN.
Six,—Your notice of my observations upon trans-
fer stamps and their baneful effects induces me to
draw your attention to the absurd duty of two shil-
lings and sixpence exacted by Government for proxy
stamps. Speaking from my own experience, I am
satisfied, had not this duty been felt to be exceed-
ingly vexatious but also onerous to shareholders, a
number of lines that have received the sanction of the
Legislature would not have been passed, or at all
events their formation would not have been proceeded
with in the reckless and hurried manner which they
have. Directors having a point to carry, and having .
the shareholders' funds at their disposal, have, with
very few exceptions, succeeded in carrying out their
own wishes, even against the feelings of the share..
holders. The reason is obvious : the opposition

shareholder must pay for his own proxy stamp,
whilst the other party is found one gratuitously by
the directors. To some it may appear only a trifling
amount, but when a man is losing money he is
anxious not to increase his loss even by half a crown
at d time.

I am myself a shareholder in a few railways, and,
ke many others, was led away by the mania of

1846, trusting to the parties whose names were he-
ralded forth as managers of those railways, relying
upon them to take care that the funds were properly
husbanded, and that a full and honest account would
be rendered by them.. It is useless to say I am de-
ceived • from all the accounts I have seen I cannot •
help thinking that, if the accountants would but take
half the pains to render the accounts explicit that they
do to mystify them, shareholders would at least be
more satisfied. • •
I have now lying before me a circular emanating
from the Midland Railway Office, Derby, professing
o answer certain queries which hay e been submitted