The Sun.
London, England, 1856-07-30 00:00:00

A month's interest on 1001., at 4 per cent, per
annum, will be £o 6 6
This, added to the present rate of freight by
sea route, being as shown above ...... 0 6 0
Will form the highest rate of freight which it
would be worth while for a gold shipper to
pay by the over'and conveyance 0 12 6
Deduct from this the cost of transit across
Egypt

0 8 0

And there remains for net freight £o 4 6
Or less than i per cent.—a rate for which, it is
presumed, no prudent shipowner would incur the
risk attaching to him, as a shipowner, in the con-
veyance of such an article.

But it is scarcely necessary to refer to estimates
to show the improbability of gold being sent by the
overland route. It is a well-known fact that when
the Peninsular and Oriental Company's steamers
were running on that line, they offered to convey
gold by the overland route at a rate of freight so
low as to leave the barest possible remuneration,
after paying the cost of transit across Egypt, and to
include therein the insurance. They were, how-
ever, unable to induce any shipper to send gold
that way.

The foregoing estimate is, however, based on a
more favourable state of things for the overland
route than recent circumstances warrant.
The voyage of the Royal Charter. made from
Plymouth to Melbourne in 59 days, is already pro-
ducing a revolution in the public mind as to the
best route and means of communication with Aus-
tralia.

The Royal Charter is a splendid iron clipper
ship of 3,000 tons, with a small proportion of auxi-
liary steam power, and a screw propeller, fitted to
draw through a trunk out of the water when not
required. The result of the return voyage of this
ship is looked for with much interest, 'and if it in
any way correspond to the outward run, and, as is
currently reported, a line of similar ships is to be
established, all hopes of a gold traffic by the
"overland route," or even of a passengek traffic,
except to a very limited extent, may be given up.
And with respect even to the postal service, the
Government and the Australian colonists may per-
haps soon discover that they might have been
much more cheaply and as efficiently served by
the direct sea route as by that postal arrangement
which has been or is about to be effected at so
heavy a cost.—Daily News.

THE MUTINY AND Al URDER ON BOARD
THE BRITISH SHIP GLOBE IN THE
BLACK SEA-.

Yesterday the following carrespondence was received
at Lloyd's, from the Foreign-office, relating to a deape
rate mutiny and murder on board an English ship in th
Black Sea, and the successful capture of the perpetra
tors :

"Foreign-office, July 23, 1856.
" Sir,—l am directed by i.he Earl of Clarendon to
trans►nit to you, for the information of the chairman and
the committee of Lloyd's, copies of despatches, and of
its enclosures, from Viscount Stratford de Radcliffe, re-
lative to the capture of three of the mutineers from the
English barque Globa.—l am, sir, your most obedient
and humble servant, " 11. DIILIMUOND.
" The Secretary of Lloyd's."

"Constantinople, July 10, 1856.
"My Lord,—l have the honour to forward herewith,
in copy, a telegraphic message, addressed to me by
Rear-Admiral Grey, and a despatch which I received
to-day from the same quarter.
"The Porte, on my application, lost not a moment in
sending aqietachment of policemen, with a naval officer,
to assist in taking the mutineers, and you will perceive
with satisfaction the success which has attended th
operations.7l am, &c.,

(Signed) "STRATEORD DE REDCLUTE.
"To the Earl of Clarendon."
(Copy of Message.)
"Telegraphic DespAtch.
"Admiral Grey, Therapia, to Lord Stratford de Rad-
cliffe.

"The Globe, English barque, has returned from the
Black Sea. One man killed and three other wounded
by five of the crew, who mutinied, and, after plundering
the captain and chief mate, landed at 10 o'clock yesterday
morning about 30 miles to the eastward of the Bosphorus.
The men are two Sicilians, one Neapolitan, and two
from Trieste.

(Signed) " DANIEL WARREN,
"Pera, 3.15 p.m." for Lord lloldsworth.
Melampus, Constantinople, July 10, 1856.
"My L4rd,—l have much pleasure in informing your
Excellency that three of the men concerned in the murder
of the man on board the Globe, have, by the exertions
of Commander IVl`Kiflop, of the Recruit, and Hassan
Effendi, A.D.C. to his highness the Captain Pacha, been
captured near Killa, and brought back prisoners. A
fourth was heard of; and policemen put on his track, so
there is little doubt that he will/also be taken. There is
some uncertainty as to the fifth. The men who have
been taken state that he was killed by the English before
the boat left the barque. This story is certainly false ;
and it must therefore have been concocted, either to
favour the escape of the man, or to conceal his having
been killed by themselves in a quarrel.
"Commander NPKillop speaks highly of the assistance
he has received from Hassan Effendi and his men.—l
have the honour, &c.

(Signed) "FREOK. WM. GREY, Rear-Admiral."
"To Viscount Stratford de Itcdclffe."

TRIAL OP TIM NENAGH MUTINEERS.

DUBLIN, July 20.—The man, Stephen Byrnes, of the
North Tipperary Light Infantry Militia,. was put on his
trial yesterday, at the Nenagh Assizes, charged with the
murder of Denis Curley, a private of the 41st Reginient,
on the Bth of July instant. The prisoner, who is a very
young man, and of mild appearance, was dressed in the
militia uniform.
' The Attorney-General, with Messrs. George, Q.C.,
Lynch, Q.C., Rollestone, Q C., O'Hara, and Waller
prosecuted ; and Messrs. Johnston and Hemphill were
assigned as counsel to the prisoner. General Sir W.
Chatterton, commanding the Limerick district, occupied
a seat on the bench where Judge Moore presided. The
court was crowded, and the deepest interest was excited
by the proceedings throughout the town.
The Attorney-General having stated the facts of the
case, witnesses were examined who proved that while
the soldiers were' drawn up in the Summer Hill Bar-
racks, Byrnes, who stood outside the gate with other
militiamen, called out—" I'll have a crack at the medal
man" (Curley), and fired at deceased through the wicket.
gate, which was partly open at the time. Curley stood
near the gate, having been told off as a sentry.
Mr. Johnston addressed the jury on behalf of the pri-
soner, and dwelt in strong terms upon the conduct of
the Government towards the militia. After. all their
services they had been cast off like an old shoe when no
longer wanted. Having exonerated the officers of the
regiment from all blame, he submitted that thera wan
not sufficient proof of Byrnes having fired the shot, and,
finally, he drged that even if the jury were to convict,
the excitement that day, and the circumstances, would
reduce the offence to manslaughter.
The jury having retired for an hour, returned with a
verdict of Guilty.
The foreman, Mr. Sadlier, then read a letter, in which
the jury begged leave to recommend the prisoner tp
mercy, on the ground that the militia were at the time
in a state of great excitement, being of opinion, whetbe
well or ill grounded, that the regiment were not re-.
ceiving their just rights.
John Bannon, another of the Tipperary Militia; was-
then put on his trial, charged in the first and second,
counts with firing at Lieut.-Col. Hart' and Lieutenant
Young, with intent to murder them, and in the third
and fourth counts with firing at 200 of the Queen's
troops, with the intent to murder some of them. The
prisoner was acquitted on the two former counts, and
found guilty on the two latter.
Sentence was notpronounced on either of the planers.

AUSTRALIAN GOLD AND THE OVER-
LAND ROUTE.

Australia exports gold to the value of about 12
millions sterling to Europe—nearly all of it to
England in the first instance. -A
notion seems to be
pretty generally prevalent that with the establish-
ment of steam communication with these colonies
via Egypt, commonly called the " Overland Route,"
a large proportion of this gold, which has hitherto
been transmitted exclusively by the sea route,
would be sent via Egypt, and yield a large return
in freight to any company undertaking that line
of communication. Attention to Ist few simple
facts will show how thoroughly illusory is such an
expectation.
In order to draw a traffic from an old channel
to a new one, it is obviously necessary to show
that the new one presents tothe merchant superior
advantages to the old.
Now, lot us examine facts to'iscertain this. As
a base for the calculation, take t.l-mr current freight
charged by the clipper ships trading with Australia,
which is 3d. per ounce, or equal to Gs. per cent., or
1001. worth of gold. Now, the cost and duty of
transporting gold across Egypt amounts to Bs. per
cent., or 2s. more than the whole freight by the
sea route from Australia to England. To obtain
the transmission of gold by the overland route at
such a rate of freight as to leave even the smallest
profit to the steam-ship, some corresponding ad-
vantage to the merchant or shipper must be ob-
tained ; and what advantage will ho obtain ! The
rate of insurance is rather against the " overland "
conveyance. For besides the sea risk, there is the
risk of landing at Suez, of transit across Egypt,
and re-shipping at Alexandria. The only advan-
tage, therefore, which the gold-shipper can derive
must be limited to the interest which he may save,
or gain, by an acceleration of the transit and an
earlier realisation thereby of his investment. In
order to estimate this, a comparison must be made
between the average time occupied by the clipper
sailing-ships in making their voyages from Austra-
lia, and that which will be made by steamers and
via Egypt, calculating both transits to and by de-
livery of the gold at the Bank of England. This
may be put down at 90 days for the sailing-ships
and sea route, and 60 days for the steamers and
" overland" route, and that consequently a
month's interest will be gained by sending the gold
by the "overland" route.
_ _