The Sun.
London, England, 1856-04-04 00:00:00

BILL.

Mr. MALINS, in moving t,hat the house go into com-
mittee ou thi- bill, said that there were innumerable cases
where ladies who were entitle.' to a reversion, eat) o sat
on the death of a patty, were unable to settle that pro-
perty in consequence of the present state of the law. The
o.ject of the bill was to remedy thisdefect, and he trusted
the house would assist him to carry it out.
Mr. WALPOLE th.ught that the object of the bill, in-
stead of being to enable married women to settle their
property in reversion for the benefit of themselves and
children, or for their relations after them, was to enable
the husband to use his right and influence to hold that
property. It was true that,,with reference to landed pro-
perty, they could take the acknowledgment of married
women, and so part with it, but. the hon. and learned gen-
tleman seemed to forget that the landed property thus
coming to married women was of incalculably small
amount. It was the personal property left to them which
would enable the husband to sell that reversionary interest,
to the great disadvantage of the wife and of those who came
after her, to enable him to pay his debts. If a clause was
introduced to prevent the disposition of property acquired
by a married woman after her marriage, he should not
object to the bill.

The ATTORNEY-GENERAL urged upon the hoe. any
learned member for Walllugford (Mr. Melina) the post-
ponement of the bill, as this was the first time its objects
bad been fully stated to the house, and the bill required
earnest consideration.

Mr. HADFIELD approved of.the principle of the mea-
sure.

The bill then passed through committee, it being under-
stood that an opportunity should be given ft r the proposi-
tion of amendments before the measure passed.
Tho third reading of the bill was appointed for this day
week (Thursday.)
THE FACTORIES BILL.

On the order for the second reading being road,
Col. DUNNE moved that it be read a second time that
day six months.
Col. W. PATTEN said that the bon. and learned mem-
ber for Oldham had made suggestions since the debate of
yesterday ss hich were so reasonable that he (Col. W.
Patten) would at once accede to them. The amendments
which he intended to make in the bill would be pirated
and placed in the hands of his hon. friend the member for
Oldham for his approbation.
Mr. COIII3ETT said ho would postpone all opposition
on his pact at present, but he begged it to be understood
that be did not thereby commit himself to the principle
of the bill. If the amendments did not meet with hie ap.
probation, he should oppose them at.the proper time.
Col. DUNNE opposed the bill, on the ground that it
would take away from pe: eons who had no representatives
in that house that protection to which they were entitled.
The injuries to which the factory people were liable wore
enoimouF. The reports showed that the manufacturers
were not so ready as they ought to be to meet the cases of
these injuries with redress.
Mr. CROSSLEY supported the second reading of the
bill, and vindicated the millowners from the aspersions
cast on their humtnity by the gallant member for Portal.
lington and the noble lord the member for Colchester.
Mr. BARROW also supported the measure, end won-
dered why it should be opposed, seeing the great advan-
tages which tha arbitration clause conferred on the oper-a-
tivcs.

The bill Wag then read a second time.
Adjourned at five minutes past 12 o'clock.

PANAMA RAILWAY COMPANY.

un the Tiozes' City ..4ritclr.)

The following communication relates to the
financial position of the Panama Railway Com-
paily. The writer is correct as regards the dividend
paid and the general price of the stock, but erru•
neously questions the statement, that the rise of
one or two per cent., reported by the last packet,
was wholly due to the traffic having been tempo-
rarily suspended via Nicaragua. His information
is likewixe imperfect as to the natural advantag, a
of the Panama line having secured it the largest
share of the passenger traffic and "all the freight."
The competition of the Nicaragua Company lately
caused the persons interested in the Panama route
to consent to a mutual arrangement for the regu-
lation of fares, and until Nicaragua became (tie-
turbed iu consequence of the Walker invasion that
route was steadily gaining the preference for the
transportation of specie : .

"Sir,—The remarks of the New York correspondent
of the Times on Walker's proceedings in Nicaragua
being calculated to create a very erroneous impression
as to the position of the Panama Railway Company, I
beg leave to oorrect his singular misrepresentations. So
fNaricafriaogmun'bot
Transit Company,hcompanies,' the abovenamed and the
being reduced by rivalry
to the condition of inability to pay any dividend, as de-
scribed, the last half-yearly dividend of the former,
anuary lal
was 6 per cent., which the
receiptsmonths fully warranted, and
da-ehcilcaredwhich leftoifntahje previousconsiderable surplus after paying all ex-
penses and interest on outstanding bonds. The traffic
over the Is hmus is rapidly increa.stner, and the stock of
the comPlm, is high, as the quotation in your own city
article (1051) shows ;
but, so far from this resulting
from the entire traffic being thrown on the line by
Walker's confiscation of the property of the Nicaragua
Transit Company, it is only a very slight advance on the
quo.ations of the last 12 months. _ _

"The rivalry alluded to by your New York cone-
epoitdent was between the steamers of the near:lpm
Comyany and those of the United States' Mail Com-
pany, and has been terminated by the former selling
their vessels on tha West Coast to the Pacific Mail Com-
pany, and purchasing those of the United States' Mail
Company on the Atlantic. This arrangement gives the
two companies an equal interest in both routes, but the
natural advantages of the Panama line have secured it
the largest share of the passenger traffic and all the
freight, which could never be profitably oarried over the
Nicaragua route.
" As for any cause of apprehension which might other-
wise exist on the score of Central American troubles, all
such is removed, as regards the Panama Company, by
the 35th Article of the treaty between the United States
and New Grenada, which secures to the former a right
of way across the Isthmus. Should this right of way be
interfered with by Walker and his band, the Govern-
ment of the United States bound to protect it. Ca.ai-
tai
invested iu
the Panama Railway,
'uGh therefore, is under
the safeguard of the 15
l :evqeurennint eCniat'ytthonis-
being the only instance, pt
Bulwer treaty, in which that shield is thrown over the
ieixtco ertSttante States Government,
property of American citizens in a foreign State.
"THE LONDON AGENT FOR THE COMPANY."

The In(Mpenclance Beige states that the adjudication of
the Xeres and Seville Railway has been made by the
Spanish Government to the Prost Company.
A. letter from Pavia of the 25th ult., in the Opinione
of Turin, says " I have already told yon of the arrest
of 15 students at Padua, and I may new add that the
cause- of this arrest was the display one fine morning of
the-French; 13:itish, and Sardinian flags gaily Waving is
one of the most frequented squares of the town. Thu. - -
was a similar manifestation at Mantua some days no,
but the author§ have uot yet been dieccorered."