The Sun.
London, England, 1848-12-20 00:00:00

THE SUN,

Do., do., SO/. Shares... ... 10% 10 10%1,4 ..
Do. Birm., and 1)erby100 ;..
13,4Consol.Bristol and
Binning., 6 per ct.... 100 l2O ..... . .
Ditto, Brist. & Glocstr. 38
Ditto, ditto ... ...... 14/. 18s — , ,
Ditto,Leieest. & Swan-
nington, 8 per ct.guar.loo
Midland Great Western
Irish

Middlesbro' and Redcar.
6 per cent. guar.
llewcastleand
Do. Quarters 25
Newmarket......... . .. 20 .
Do. Extension . ..... ...2/. 125....
Newport, Abergavenny,
and Hereford 6 ......
Newry and Enniskillen 7
Newry, Warrenpoint,
and Rostrevor 2O '

Norfolk lOO
Do. New 201. .. . 15 - .....
Do. Guaranteed 5 p et. 20 ......
Do. Guaranteed 51/2pe. 5
Do. do. Waveney Val. 2 ......
Northern Counties Union 4 ...... •••
N orth British ........... 25 ...... l 5 4...
Ditto, Halves ..
Ditto, Quarters
Ditto, Extension O% .....

Ditto, Thirds .... 8k ....4
North & South:Western 2

North Staffordshire ls
North Wales . 3l,i —
North-Western . lO .... .

Oxford, Worcester, and
Wolverhampton ...... 50
Reading, Guildford, and
Reigate lO
Royston and Hitchin ... 2
Scottish Central
Scottish Midland
Ditto, New 171%..... -- .. ._
Sheffield, Rotherham,
Goole (Nor. Div.) ''' • 714, —
Do. do (Sou. Div.) 4 - ...... —.. ......
Shrewsbury and Birm... 9
Ditto ditto. Class B. 5
Ditto, New Guaranteed 6
Shrewsbury and _tiered. 2 ......
Shrewsbury & Cheater
(Nor. W. Min.)
• Ditto Halves ... ditto 81,2.... .. ....
. Ditto Otwestry ...... 17:r4. —
Ditto New
Do. 8 per Cent. Pref lO
Shropshire Union
.-outh Devon 50
Do. Preference
South Staffordshire 61,4 •••••• ...... ........
S uth Eastern
uo., No. 1
Do., N 0.2.
Do., No. 3 .-.... ...... 25 ...... 15%
Do., No. 4 Thirds ... 10
South Wales ...... 28
S ,uth Yorkshire, Don- • - •
caster, and Goole 5
Swans. & Loughor &Ca-
meron's Stm. Coal. ... 6
Taw Vale Extension ... 8
...
Thames Haven Dock
and Railway
Vale of Neath ... ..
Waterford and Kilkenny 17;4-- ....••••......
. _.

Waterford and Limerick

~. 1191,4

224
93Ai
26%

Mi,
14%
10
1514

Waterfd,Wxfrd,Wicklw,
and Dublin - .. --
Wear Valley 6 per Cent.
Guaranteed ... - ..... 50 ...... - -
Do. do. do. ••• 25 ...... - -
Do. do. do. ... 10 ..... - ... ..... -
West Cornwall .....
West London -
Do. Do. Ist Class ... 20 - ..... .••• .-
Do. Do. 2d Class ... 20 - -
Whitehaven & Furness 14
Windsor, Staines, and
South Western ..... ... -9%. ..... -
W ilts, Somerset, & 'Way- •
mouth
fork, Newcastle, and
Berwick. ..........-- 25 -
Do. Original New and
Berwick .. ...... ... .. 25 ..... 25%3A ........
D i. Extensiox No. 1. 15
Do. do. No. 2. ..... ... lb
Do. G.N.E.Preference 8
fort ',De North Midland 50
Ditie ' Preference ...... 1052%
10 93A...... 9%
Do. Last and Westßid-
ing Extension
FOREIGN RAILWAYS.
Anglo Italian (late Ita-
lian and Austrian).... 5
- •• ...
Boulogne and Amiens... 20
Central of France (Or-
leans and Vierzoia)... 17 -
Ceylon -
Demerara l5 ...... 4
Dcndre Valley 4 -
Direct Bombay and
Madras -
Dutch Rhenish - .. ...... ....
East Indian 314 - ...... - ....
Great Indian Peninsular 1% -
Louvain Ila Sambre ... 71h
Luxembourg..... 7 ....-
Ditto ...... ........ ......• 10
Madrid and Valentin... 2 N.N. -
Namur and Liege ...... 20 ... •• - - ......
Northern of France l2
Orleans and Bordeaux-. 7 ...... 2%1A ..
Paris and Lyons ll ..... -
Do. Do. . lO - •••
Paris and Orleans ...... 20 -
Paris and 'Rouen ..~..... 20
Paris and Strasbourg ... 9
Rouen and Havre -
Sambre and Meuse 2O ..... 3;10/4
Strasbourg and Basle ... 14
Tours and Nantes 9 ...... -
Tournay, Jurbise, Lan-
deu' and Hasselt ...... 20 -
W est Flanders... . - ..... 834 ..... -
JOINT STOCK BANKS.

1%

214

181,4

3

Australasia
British North American 50 —
Colonial
Commercial of London 20
London Joint 5t0ck...... 10
London & Westminster. 20
National Prov. England. 35
1);tt0,Naw............ 10
National of Ireland 22% ...... .... —
Provincial of Ireland
Ditto New... ..... ...... 10
Union of Australia
_ ..

Ditt0,New..............
Union of L0nd0n:........ 10 ......
Union of Madrid

LONDON. W

10%1 G. F. Williams, Payne, Boston; Amalie, Barbro,'Ship-
pegin; Devonia, Michaels, Prince Edward's Island;
Plymouth, St. John's, New Brunswick; Lady Elgin,
Irons, Quebec, with sai's split.
PENZANCE, DEC. 10 —A water-cask, branded "J.
Wearne," was picked up to-day between this place and
Saint Michael's Mount. On breaking up part bf the
deck, which was towed in here on the 16th inst., a lwatch
pocket, with a silver watch in it (which has been recog-
nised as having belonged to Captain Matthews, of the
James Wearne, of St. Ives) was found, also an boat
with the stern newly painted black, which, on; Jeing
scraped off, " Arabella of London" was visible; it was
encrusted with shells; but the fish being dead, it would
appear that it had been upon a former occasion in the
water, and since taken in use. It is known that the
master of the James Wearne bought a second hand boat
at Falmouth last week.
M.ince'rE, Dac. 20.—The Sophia, from Gijon, for
London, is on shore on Foreness Rock. The B. C.
Bayley, from New York to the Clyde, is on shore on the
Island of Lismore, and full of water.
CLTDE, DEC. 16.—S1d. James Moran, New Orleans.

THE RECLAMATION OF WASTE
LAND IN IRELAND.
LETTSR V.

TO THE RIGHT HON. LORD JOHN RUSSELL, M.P.
My Lord,—ln enumerating some of the benefits
which the country would have received, had the
Government accepted the offer made to guarantee it
to the extent of 20,0001. from any loss which might
accrue from the reclamation of waste land, I appre-
hend I am correct in stating, that the principal ob-
ject a wise Government should have in view would
be, that the first operation should be very profitable.
For it this were the case Government would be re•
lieved from the necessity of future interference, since
capital would then assuredly flow into the champ' in
which such considerable profit was certain, more
especially when the rate-payers in every union in
which there was waste land would have so great an
interest in stimulating the
*commencement of similar
undertakings.
And your Lordship will not fail to observe, that in
the practical details of such an operation there could
be no secrecy ; discussions in Parliament—work car-
ried on in open day—would put every person desirous
of obtaining information on the subject in full posses-
sion of every fact necessary for him to decide whether
he should embark in such a speculation.
The question then surely is this, how Could
Government be most certain of securing at the least
expense that which is desired ?—viz., that the first
transaction should be very profitable ; even " One-
eyed men" would answer, by employing those who
bud acquired practical experience in conducting with
profit similar operations.
But the Government had even still greater security
offered to them ; for if they had employed any person
it must have been at their risk, and whatever may be
said to the contrary, no employer, however determined
to do his duty, can possibly conduct a Government
operation with such economic advantage as he could
his own ; the very labourers would not perform the
same work for the same wages.
Government would, by accepting the offer, have
had, without any cost, and without any risk, the full
benefit of individual experience and sagacity, not
only to protect the operation from the expenditure of
every unnecessary shilling, but to increase the gain as
much as possible, and, therefore, to attain the desired
end, of making the first operation very profitable.
And in all human probability the transaction would
be a profitable one; now do let your Lordship's
" One. eyed adviser" fairly answer this question—
How could he possibly hope to attain the desired
end with greater certainty than by accepting the
offer ? for it is a fact incapable of contradiction, that
the party who made it had acquired considerable ex-
perience in conducting similar operations.
This is an element of the highest importance, for
on this would in all probability depend the profit of
the undertaking. The very day on which my third
letter was published, with a table showing the pro-
bable return of such an operation, there appeared a
letter in a morning paper from an Irish Peer, stating
the doubts and the difficulties attending the reclama-
tion of waste laud.
His Lordship gave two instances where 'parties
failed in the attempt, and abandoned it in despair.
Two instances only !I l Why, I could enumerate
twenty, and as many hundred might easily be col
lected—but what of that, may not the same be
said of every profession, every trade, and every occu-
pation in the kingdom ?
There is at all times difficulty in replying to an
anonymous writer. In this case the party furnishing
the details ray be an upright, honourable man, only
desirous that the truth should prevail. He may also
be of an opposite character, anxious that Government
hould spend the national wealth in clearing the
estates of Irish landlords.
But, admit his facts to the fullest extent, what is
the inference he would wish that the public should
draw ?—surely not one so absurd, as that the opera-
tion of reclaiming waste land has never been profit-
able; no, the utmost that he can reasonably desire is,
to prove that the occupation is one which requires
much energy and practical knowledge to make it
profitable. Well, who can succeed in any pursuit
without the possession of these qualities ?
I have the honour to remain,
Your Lordship's most obedient servant,
Corwar, Dec. 18, 1848.

RIGBY WASON.

PRINCESS'S THEATRE.

A new farce, entitled A Cutlet for Two, was produced
here last night with tolerable success. The farce, al-
though called new, is new only in the same sense that
minced veal or hashed mutton is new. It is a hash (a
somewhat piquant hash) of materials that have been
•' used up" by farce writers from the days of Queen
Elizabeth to those of Queen Victoria. Thus runs the
plot:—A certain Lord is in the interest of the Prince of
Orange, and being hotly pursued by the followers of
Kiug James, manages to transfer all his responsibilities
to one Christopher Cutlet (Mr. Oxberry), a professor of
the art of cookery, who has to bear them until the abdi-
cation of the King. The weight of the piece rests en •
tirely on Mr. Oxberry, who, as the terror-stricken
Christopher, was highly amusing.