The Sun.
London, England, 1856-07-04 00:00:00

THE SUNS LONDON, FRIDAY EVENING, JULY 4, 1A56.

greater than his ; should not your punishment be
greater ? The designs of PROVIDENCE are never
outraged with impunity ; and it is to he hoped
your reward, whatever that may be, will be be-
stowed where your penitence may be otherwise
availing ! The most accursed of all robberies is
robbery of the poor ; and the riches that fastest
make themselves wings and flee away are those
which have wrongfully been wrung from this

source.

These remarks may be deemed severe ; but let
the reader turn to the letter from Mr. COBBETT, in
another column, and ho will admit there is ample
cause. He will there find that, to maintain the
present disgracefully high prices, 10 van-loads •f
prime meat enough to dine 100,000 of
the population—were found last Monday to
have been suffered to rot. The dealers, it
is true, wore bitten ; the warmth of the
intervening Sunday not having been cal-
•ulated on, but their culpability is none the less
on that account. It is revolting—the coarsest
feeling must be shocke.l at so shameful a waste.
What a world of good those van loads of prime
meat might have done among our hungry popu-
lation, whose choicest luxury in the way of animal
food is stinking fish ! The worst of all, however,
is, this sort of thing is still carried on, and with
success. Surely the revelation just made will
stimulate the friends of the poor to some efforts
to-break up so unprincipled a combination, even

if at the cost of abstinence from meat for a time.
The price of meat throughout the metropolis is
indefensibly high. Why should it be one-third
higher than it was a few years ago ?

LATEST NEWS.

WARLIKE POSTURE OF CIRCASSIA
AND ASIA MINOR.

A letter from Trobizond of the 16th, in the

Hamburg News, says :—" A Russian corps of
40,000 men has been sent against, Schamyl.
The Turks have abandoned all the fortresses of
the Asiatic coast and completely destroyed that
of Shefketil.

The Russians have as yet only occupied Redout
Kale ; they dare not occupy the other points for
the present, the populations of Abasia and Cir-
cassia having sworn that no Russian shall touch
their territory so long as there is a Circassian

THE PENINSULAR MAILS.

SOUTHAMPTON, THURSDAY.
The Madrid has arrived with the Peninsular
mails, having left Lisbon on the 29th ult.
The Marquis do Loule has been appointed Minis-
ter of Public Works. Sanches is appointed Minis-
ter of the Interior.

The new loan is to be the amount of 1,500 contos
of reis.

The interest must not exceed 25,0001. sterling.
The loan is to be appropriated to the construction
of works of public utility.
The Portuguese Government bill on Paris to the
amount of 1,000,000 f., the result of the mission to
Mr. Thornton, is anxiously looked for • it is be-
lieved the Ministers intend offering the contract
with the bondholders in its original form, and that
Count Thomar's party will be in the ascendant in
consequence.

Quarantine regulations are again enforced at
Lisbon.

It is believed there will ba no yield of wine this
year. _ _

All the productions of the country, except oil,
are scarce.

Freights are dull.
Exchange on London 54 to 533 ; 90 days, 543 1.

THE CRYSTAL PALACE.

(From the Morning Post.)
As far as the public are concerned, the late general
meeting of the Crystal Palace Company must be
considered eminently satisfactory. The gigantic
conception is being graduaily realised, and. the
whole concern is assuming the proportions and
significance originally contemplated. Twenty
thousand people surrounding their Sovereign have
gazed upon the grandest system of waterworks in
the world. The peace fete and the flower shows
have attracted vast multitudes—the latter being
at a lower charge for admix;;on than has ever been
attempted before in the neignbourhood of London.
Permanent attractions have been added to the
Palace in the picture gallery, which, when properly
weeded, will bo both a source of enjoyment to the
public, and of advantage to the profession. The
naval museum, a truly national collection, is in
rapid course of formation, as also the architectural
and engineering models, the court of inventions,
the ceramic court, and the machinery in motion.
The operatic concerts, too, have been a happy idea.
They have furnished Mr. G-ye with the means of
keeping his company together.,---they have given
the subscribers an incredible amount of tuost, su-
perior music, under circumstances of comfort and
enjoyment never to be met with elsewhere. They
h Iva raised the tone and character of the under-
taking itself to a higher standard, and they will be
a source of profit to the company to the extent of
six or seven thousand pounds. Everything seems
to prosper—the landscape has that richness and
repose that England alone produces—the view
from the water towers has hardly a rival, reaching,
as it does, to the sea—the tropical plants have re-
covered their removal, and become reconciled to
their new abode—the exhibiting stalls are rapidly
filling—and the visitor is no longer disgusted at
his arrival by the scene of gormandising that for-
merly used to greet him ; in short, the Crystal
Palace is a complete success to everybody in the
world—but its owners. It is not as yet a paying
concern.

One reason for this failure, we believe to he, that
it is in a state of transition as regards its audience.
We all remember how, at its original projection, it
was emphatically called the " People's Palace "
how it was expected that the toil-worn Londoners
would rush down in hordes to delight their eyes
and refresh their senses with its artistic glories,
and return with their rougher humours smoothed
and their minds elevated with the contemplation
of its sights of beauty ; but the experience of two
years has effectually dissipated those visions. The
fact is that the masses have not found their way to
the palace. The distance is fatal. They say, we
could easily save and spare a few shillings, but it
takes a day, and we cannot, or will not, give up
the day's work. There is no reason to suppose
that circumstances will alter in this respect, and
unless the Saturday half-holiday system is extended
enough to justify the directors in abandoning the
five shilling admission On that day—which, how-
ever, can hardly be done this year, and would in
any case devolve the danger of a considerable loss
in the sale of season tickets—or the Sunday open-
ing be conceded, we much fear that the labouring
classes must remain excluded from the best shil-

ling's worth in the world.
This, however, has not involved total failure ;
for, whilst the contemplated audience have re-
mained at a distance, another has appeared in its
place, and the middle and upper classes have taken
possession of the place. The railway whirls its
thousands of well-dressed people down to Syden-
ham—at, it must be admitted, a very leisurely
pace. The road swarms with carriages ; and the
visitors approach a million and a-half a-year, and
will probably considerably exceed that number
when the West-end railway is open, with a termi-
nus within the same distance from Hyde-park-
corner as Portman-square is, and within a few
minutes' drive of all Belgravia. The company,
however, if it really means to pay a good dividend,
or any dividend at all, should consider the require.
ments of this class, and we must tell the company
it has not done so yet. The refreshments are not of
the character that that class requires. No doubt
when any public body has a feast there, which, of
course, is regardless of expense, Mr. Staples puts
down a dinner which would be pronounced faultless
in Leadenhall-street, and very likely may be so; but
that is not what is wanting by those who, as it now
appears, are destined to be the principal supporters
of the Crystal Palace, which from its, for any such
purpose, unbounded space and unrivalled other
advantages, ought to contain the very best restau-
rant in Europe. The wealthier classes and the
pleasure-seekers of the metropolis--those who go
to Richmond and suck suburban ruralities, in large
parties, and would assuredly frequent the Crystal
Palace in the same way if their tastes and habits
were consulted—reason thus :—" It either," they
say, ""involves the expense of post horses, or it
wastes a day. If we are going out in the evening,
we cannot keep our horses at work all day and all
night, and so we must have posters ; if not, it is
an exhausting amusement ; there is hurry and
scramble, and a dusty road, to get home in time
for dinner, or else dinner must be later "—a consi-
deration which, we may remark, when there is a
papa in the case, is conclusive of most questions,
and any proposition to dine at the Crystal Palace
is uniformly pooh-poohed. If we could get a com-
fortable dinner, as at Richmond, and drive home
in the cool of the evening, it would be very well ;
but "You can get nothing fit to eat there" is the
uniform answer. The directors may think those
people unreasonable ; but if they act upon that
conclusion they simply sacrifice their shareholders'
dividends. The opulent classes of London go in
vast numbers to Richmond, and Greenwich, and
Blackwall, and pay vast sums there for their dinners,
because the dinners are what they require ; and
surely the profit of purveying for those who are
ready to pay anything in reason will be greater by
furnishing them than by stinting them. Let the
fare at the Crystal Palace equal that at the Star
and Garter or the Trafalgar, and the stream of
visitors will be speedily diverted to Sydenham. We
recommend these remarks very strongly to the
shareholders of the Crystal Palace, to which we wish
every success. No doubt their undertaking is con-
ceived in a lofty spirit, and their edifice an honour to
the country, but ordinary human means are neces-
sary to human success, and eating and drinking
are serious matters in this country, especially when
a 16 miles' drive is in the case, and, as we have
already remarked, the Crystal Palace ought to con-
tain the very best restaurant in Europe. Indeed,
unless Mr. Staples' contract has given him an ex-
clusive right, and it has only two years to run, there
ought to be half a dozen restaurants in the Palace
or in the park, each of which would soon acquire
a reputation for some special perfection, and the
park would become the habitual resort of wealthy
thousands, whose example would influence tens of
thousands more ; for the middle and lower classes
in this country are, as we all know, very imitative
of those above them ; but, in the meantime, the
year is slipping away, and we should recommend,
in the strongest spirit of good-will to the company,
very decided action to the directors and share-
holders of the company upon this homely, but
very important subject.

'A letter from Copenhagen in the Hamburg
News says :—" The Bulletin des Lois, of June 29,
publishes the law relating to the domains of Hol,—
siein-Lauenburg, as well as an ordinance deciding,
in conformity with Art. 29 of the general constitu-
tion of October 2, 1855, on the private affairs of
the Duchy of Holstein. According to those pub-
lications the domains are comprised in the affairs
common to the whole monarchy."
THE STRIKE AT PEMBROKE DOCKYARD.—The strike
of the masons employed by the contrantors, on the exten-
sive works now in progress at the Royal Dockyard at
Pembroke has, to a certain extent, been broken up. The
contractors, Messrs. Smith and Tregeuna, have brought
round from Dublin a body of 200 men, in order th sup-
plant those who held out ; and of this body a large num.
ber last week went to work. Some of the older hands
also joined, so that now the works have been fully re-
sumed. At present the workmen are engaged upon the
construction of two new building slips at the eastern
end of the yard. The masons have stood out for 4s. 6d.
a day, but to these terms the masters were not willirg
to accede, many of the workmen being but indifferent
hands. It is to be hoped that no further delay will take
place, as the works have been suspended for three
month* at the best WWII of the year.

NEW 'SPECULATIONS.

The fever of speculation now gradually commenc-
ing will be watched with anxiety by all who regard
the permanent welfare of the country. Every one

can see that with the influx of bullion the deinand

for new investments will increase, that this demand
will be met on all sides, and that the majority of
the schemes introduced will call not merely for.the
surplus funds seeking employment at the moment,
but will pledge the community to a continued out-

lay long after the tide may have turned. They can
also recognise that the final result will be a crash
such as was witnessed in 1825, 1836, and 1847, and
which in this country may be looked for with abso-
lute precision once every 11 years. The whole
population will nevertheless go on, each man be-
lieving that he will pause in time, and that his
neighbour is to be the person who must suffer. In
such a state of affairs all warnings are useless, since
there is no difference of bpinion as to the end. The
only service that can be rendered is to remind the
public from time to time of their actual position,
so that, if they increase their commitments to an
extravagant extent, they may at least do so with a
full knowledge of what they are undertaking. Thus
tar no danger has been incurred, but a retrospect
of the enterprises of the past half-year will show
that the amounts already engaged to be furnished
are considerable, and that when these shall have
been doubled or trebled—as will, perhaps, be the
case during the next six months—they will make
an aggregate sufficient to absorb the disposable
means of England for three or four years thereafter.
Annexed is a list of companies introduced on the
Stock Exchange since the Ist of January, 1856
Company.

1 Acadian Iron
2 Alliance Bank
3 Bank of Egypt
4 Ottoman Bank
5 Bank of Switzerland
6 Pernambuco Railway
7 Riga Railway

8 Ceylon Railway
9 Eletern Bengal Railway
10 Italian Junction
11 Lombardo-Venetian

Euphrates Valley
Indian Mercantile Agency

Colonial 'Fibro

Hults4orf Mills (Ceylon)
Turkish Gas

Caisso des Mines.

Quartz Reduction (California)
Societe des Clippers Francais
Trinidad Fuel

Capital.
.. £200,000
800,000
.. 250,000
.. 500,000
~. 800 000
.. 1,200,000
..1,600,000

800,000
1,000,000
1,000,000
6,000,000

. 1,000,000
. 1,0,0,000

1 00,000

100,000
100.000

800,000

50,000
. 800,000
50,000

Ruhrort Coal Mining Company 160,000
Societe Parisienne for Supplying Coals to Paris 800,i 00
Fibre and Paper

Fairfield Canine

....... 160.0()0

Great Yarmouth Fishery

30,000

'6 Hansor's Oliphant Gas
27 Imperial Hotel
28 Western Bank of London
29 National Discount
30 West Metropolitan Bank
31 Bank of Wales
32 Unity Bank
33 London Armoury
31 London Wine
33 British Slag
36 Bernard's Patent Boot and Shoe
37 Metropolitan Milk
38 North and South Wales Steam Fuel ......
39 Metropolitan Field Bleaching and Scouring...
40 Sunken Vessels Recovery
41 Surrey Gardens
42 West Ham Distillery
43 Thames Steam-tug and Lighterage
41 Mid Kent Railway
45 Brighton Hotel
The aggregate capital apparently demanded for
the abova is 23,49),0001., a total which would
already seem alarming, but that it admits of seve-
ral important deductions. The schemes from No. 1
to No. 22 inclusive are alone those which involve

50,000
1,010,003
400,000
1,000,000
300,009
100,000
300.000
60,000
• 50,000
▪ 53,000
▪ 120,0u0
50,000
30,0, 0
30,000
60,000
40,000
200,000
200,000
70,000
50,000

outlay in foreign countries. They amount to
10,110,0001., and as ,several of thew, such as the
L enbardo-Venetian Railway, the Italian Junction
Railway, the Bank of Switzerland, and the Societe
des Clippers Francais have been subscribed jointly
on the English and Continental Exchanges, the
sum will be by that means diminishec? about
6,000,00 W. Another million or two may be esti-
mated for the Bank capitals, which will probably
not be required to be paid up in full. The actual
amount, therefore, now promised to foreign coun-
tries may be set down within 11,000,0001. This
will not appear -extremely heavy, when it is re-
collected that in 1853 a sum nearly as large was
undertaken to be supplied to one concern alone
—namely, the Grand Trunk Railway of Canada
—but it is of sufficient magnitude to produce a
sensible effect, and, if it were in the shape
of an immediate loan, instead of a number
of works which will be spread over a few years, it
would not fail to exert, as our recent experience
regarding the Turkish Loan may illustrate, a very
decided and inconvenient influence on the money-
market. It is to be borne in mind, moreover, that
these claims do not represent all that are in pro-
gress, since Australian and Canadian and a variety
of other debentures are quietly negotiated almost
every week, and there is likewise an advance of
1,000,0001. to be made to Sardinia. With regard
to the companies in the above list numbered 23 to
44, whose operations are confined to home, there
is-little to call for remark. Their total is 4,380,0001.,
and 1,000,0001. of this is placed to the Imperial
Hotel scheme, which is either in abeyance or aban-
doned, while 2,100,000/. is taken by the National
Discount Company and several banks, and is there-
fore in no way diverted from public use. It is a
singular fact that while the law of limited liability
has been assailed on the ground that it would prove
a stimulus to the wildest speculation, it has thus
far led only to a few moderate and for the most
part useful projects, which may serve in their de-
gree the healthful purpose of finding employment
for our energies within the limits of our own shores.
—Times' City Article.

THE NATIONAL GALLERY.