The Sun.
London, England, 1851-11-15 00:00:00

THE DEMERARA STEAMER.

It is stated, says the Shipping Gazette, that the total
of the policies on the new West India mail steam-ship
Demerara, which has just been wrecked at Bristol, is
48,0001. Of this sum 28,0001. was taken at Lloyd's,
10,0001. by the Mutual Marine Indemnity, and 10,0001.
by the London Assurance. An agent has consequently
been sent on their behalf to report the extent of &mew,
which, however, cannot be ascertained until she is in
the dry duck. Meanwhile some difference appears to
have arisen with regard to a desire on the part of the
owners to claim for her as a total wreck, the under-
writers conceiving, perhaps, that she is in a state to be
repaired, and that it is these repairs alone they are
called upon to meet. The following correspondence
has already passed between the assured and one of the
parties interested:—

" London, Nov. 11, 1851.
" Dear Sir,—ln consequence cf advices received this
morning from Bristol of an accident which has befallen
the ship Demerara, in the Bristol river, which has made
her a total wreck, we hereby, on the part cf the assured
on policies of insurance effected with you on the 10th
of September and the 4th of October, 1851, for 6,3001.
on the said ship, abandoned the same to you, and shall
look to you for payment of a total loss.
" We are yours respectfully,
" W. HUTCHINSON and Co.
"Richard Thornton, Esq., Old Swan, London-bridge."
" Dear Sirs,—Please take notice that I do not accept
your abandonment, and return it ycu accordingly.
" Your obedient servant,
" RICHARD THORNTON."

THE NOUVEAU MONDE MINING COMPANY.
(From the Alining Journal)
This company is e',,tabli.hed in Fr'nce, for working
gold mines in the Mariposa district of California, under

leases. from the Hon. Colonel John Charh s Fre.uont.
The cvital is 5 000,000 franca (or 200,001'.), raised by
the issue of shares of 25 franca each (or 11. sterling), to
bearer, with no further liability. in accordance with
the French kw of Commaralite, under which the com-
pany is constituted, the ntrairs are conducted by the
G6:ant, assisted by the Council of Sapervbion in Paris;
but powers have been obtained, by which the entire
control of the company's affairs in England nod Cali-
fornia is under the superintendence of a council of seven
gentlemen in London of great respectability, some of
then] too well known in the mining world to need any
comment from us. The engineers are Messrs. John
Taylor and Sons, of Queen-sreet-place, sufficient gua-
rantee to the public that the department under their
management could not be placed in more talented hands.
The auditors, solicitors, and brokers, era well and gene-
rally known, and we dou'A it' any company ever ap-
peared before the public under better auspices,
By the operation of this law of Commandite, the lia-
bility of r aah shareholder is limited to the amount of his
share, and the shares being to bearer (au porteur) are
transferable like a bank note, are not subject to regis-
tration or calls, and no deed has to be signed. Shares to
the amount of 46.0001. have been issued in France, and
the proceeds applied to the purchase of leases of the mi-
neral property, in paying the expenses incurred in the
establishment of the company, and the outfit of an expe-
dition to California. The further capital is to be applied
to purchasing and sending out the necessary machinery,
with an efficient staff of miners, artisans, and competent
agents, skilled in the various processes adapted for the
extraction of gold, and in working the mines effectively.
The leases are deposited with the solicitors of the com-
pany. The proceeds from the mines are to bo remitted

to England, and after deducting all expenses, divided
rateably among the shareholders—dividends payable in
Paris and London. The mining setts included in the
leases held by the company comprise an extent of auri-
ferous land seven times greater than that possessed by
say other company. One of these setts is called Bald-
' win's Mine, which is upon the great Mariposa quartz
vein, and about three-quart‘rs of a mile from the city;
it is 600 feet square. The vein is from 4to 5 feet wide,
dipping south; the specimens taken from this mine are
extremely rich, and are exhibited at the ofices of the
company. Capt. William A. Jackson, a mining engineer,
resident on the spot above two years, inspected the pro-
perty on the 28th March last, and reports most favour-
ably thereon. The grants to the company, which in-
clude 500 acres of forest land (timber in abundance),
are for 21 years, with clauses for renewal for a further
term of 21 years, under a royalty of 1-6th, commencing
in February, 1853, unless the profits in the interim
should exceed 17,000/. In addition to these valuable
grants, the company has secured a contract for a lease
for 42 years from Colonel Fremont of 10 acres of land,
upon which viol ks will be erected for the extraction of
gold, by crushing, grinding, and amalgamating, not only
the ores from their own mines, bat generally in the re-
duction of the ores of the surrounding districts, by
which alone a large revenue may be easily derived, and
safely calculated upon. This view is confirmed in a
letter from Celonel Fiemont to Mr. Haman (his sole
representative and duly authorised agent in England), as
recently as the 15th May last, in which he deplores the
inefficiency of the machinery hitherto employed; and it
forms an important adjunct to the company having the
valuable services and cooperation of Mr. Hoffman—the
only company of this nature that he has or will consent
to act in connexion with.
We consider these facts enough to create confidence
that this is in reality a legally granted and constituted
company, legitimately formed for the purpose of effec-
tively working the property; and doubt, not the highly
respectable parties from whom the prospectus emanates;
will readily find that support among their mining friends
as will enable them to carry out the views they entertain
of its prosperity.

THE NEW NOVEL, "RAveriscurrs." Br THE
AUTHOR OF " EMILIA WYNIMAM."—There is 110 writer of
the present day whose works are so generally appreciated
for the purity of their tone and the sweetness of their pathos
tui the popular authoress cf "Emilia Wyndham," and in her
most recent production just published, under the title of
"Ravenscliffe," we have learnt that besides these qualifica-
tions, she has exhibited a command over the delineation of
human passion, which, in the intense interest thus given to
one of the most powerfully wrought stories that ever issued
from the press, throws all her former efforts into the shade.
It is many years since a work of fiction appeared likely to
create so powerful a sensation as "Ravenscliffe."—Evening
Paper.

LOSS AND SINGULAR RECCIVERY 01, A SNUPF•BOX,
AT SEA, FEO3I THE BELLY OF A SRA RK.—During the voyage
of the last vesserbut one dispatched with emigrants by the
Female Emigration Society (the City of Manchester), on
its way to Australia, an event occurred which is very re-
markable, and is well authenticated. About two mouths
after the vessel had quitted England, a gentleman was one
day standing near to the side of the ship, with his silver
snuff box in his hand, and was about taking a pinch ofsnuff,
when the vessel suddenly lurched, and he dropped the snuff-
box into the sea. The next day the crew caught a shark,
and on cutting him open, great was their astonishment at
finding the identical snuff box that had been lost on the pre-
vious day. It is needless to say that the owner was not less
surprised at the restoration than at the manner and place in
which it had been found.

OMNIBUS FARES.--On Thursday the omnibuses
on the Oxford-street line belonging to the London Convey-
ance and Paddington Association Companies, which have,
since the reduction of the fares, carried passengers to and
from the Marble Arch and Hatton-garden tor 3d., were
posted with bills announcing the reduction of the fare for the
whole of this distance to 2d. This is the commencement of
the regular omnibuses making a reduction to less than a
moiety of the whole fare, and is generally considered as evin-
cing the ultimate intention of the proprietors of the nu-
merous vehicles on this road to reduce the fares generally,
and to 4d. only for the entire journey to and from the City
and West-end, in the same manner as the omnibuses on the
Piccadilly and Strand line, and which would be au important
concession to the very great number of passengers on this
line of road. The whose of the omnibuses on the New Road
line from Paddington to the City have reduced the fares
from and to three several points of the journey to the City
on this long. established and important line of road.

YANKEE INGENUITY.—A man in Connecticut ob-
tained a winter's supply of excellent potatoes in the follow-
ing 'cute manner. He gave out word he was desirous of
obtaining a specimen of the best sort of potatoes, and would
pay three dollars for a peck cf such, himself to be the judge.
Potatoes poured into his cellar from all the country round,
and when the avalanche had subsided, the man handed over
his three dollars for the best peck, and the next spring sold
potatoes enough to more than cover the original outlay, be-
sides having had a first quality article for home use all
winter.
LIGHTFINGERED ATTENDANTA ON KOSSUTH.—
There is reason to believe that the movements of Kossuth
have been tracked by the swell niobstnen, who appear to
have been tolerably successful in their speculation amid the
great crowds which have greeted him. Some were rengnised
on the railway station at Manchester, on Tuesday at noon,
and prudence led them to disappear speedily, but at night, in
the densely packed Free-trade Hall, they found ample scope
for plying their avocations. One gentlemen,
a member of
the town council, lost 28/., and sixteen gold and
silver
watches were missing. Among
figures as despoiled
of victimized, the brother
of the Hon. Member for the West Riding
of a gold watch, and another relative of the same Hon-
Gen-
tleman lost a valuable cameo brooch.