The Sun.
London, England, 1869-11-08 00:00:00

TRADE AND FINANCE.

After a long delay arrangements appear to have been
effected for carrying out the Roumelian Railway scheme,
a scheme that the Porte has long contemplated, and which
if completed according to the programme laid down, will
be a most important addition to the Turkish Empire. It
is well known, however, that Daoud Pasha has invariably
failed in his many attempts to raise the necessary funds,
and the difficulty of obtaining a loan of £20,000,000 for
a State in the financial position of Turkey may
be easily imagined. The frequent additions to the
public debt and the consequent depreciation of its credit
have caused capitalists to be cautious in their financial
transactions with the Porte, and additional securities have
been demanded. The arrangements made by Daond Pasha
with the view of strengthening the credit offered, are
worthy of great praise, and will probably have the effect of
finally floating a somewhat difficult loan in the
market. The entire extent of the contemplated not
work, consisting of a main line from Constantinople to
Brod, on the Save, where it is intended to join the Croatian
Railways, with branches to Varna, Enos, and Salonica, will
be about 1,800 to 2,000 kilometres, and the cost of con-
struction being estimated at £lO,OOO per kilometre, the
entire capital required will be £20,000,000.
In view of the difficulties of raising so large a sum the
Porte has granted the concession to a company which
undertakes to construct the lines, while a second company
will be formed for the purpose of taking over the lines as
they are completed, of providing the rolling stock, and of
working the sections asthey become available for traffic. By
these arrangements it is believed that greater efficiency
and rapidity of construction will be attained, and greater
security offered to investers for the right application of the
capital. The Government undertakes to make an annual
paymment of 14,000 f. per kilometre to the company
holding the concession; and as each section is
completed, it will be handed over to the second, or work-
ing, eompany, and this latter also guarantees the former a
further annual sum of B,ooof. per kilometre, and will
supply the rolling stock at its own expense. In order to
raise the necessary capital, the 14,000 f. granted by the
Government will be capitalised at the rate of 11 per cent.,
while the B,ooof. guaranteed by the working company will
be capitalised at 7i per cent. This will produce, it is said,
a net capital per kilometre of 267,000 f., and the fact
of the guarantee of the company of B,ooof. per
kilometre being capitalised at the rate of 7i per cent.
against 11 per cent. on the Government grant, effects an
immediate saving of upwards of 7,000 f. per kilometre per
annum. A great advantage is, therefore, secured by the
formation of this second company, for not only does it,
effect a considerable saving of capital, but it goes on to
ensure an efficient construction of the works as
it has a money interest in seeing that the lines are
thoroughly made, and are in complete working order. The
control of the whole system will be in the hands of a
private company, whose interests will induce it to extort
from the constructors everything necessary for its future
safe and economical working. There are many stipula-
tions in the concession and in the articles of association
which shew that the projectors have taken every precau-
tion against failure.
It was very evident, on the promulgation of the Mol-
davian Railway scheme, that Turkey would soon bo
drawn into the current, and would bo unable to resist the
march of improvement. The new railway system, however,
has a greater importance than at first sight appears, and
will probably exercise no little influence upon our commer-
cial relations with Central Europe and the south of Russia.
The railway itself has every chance of success, although
as it will open up a new country to which this
means of transit will be entirely novel, it will
have to create the traffic necessary for its
maintenance. Experience chews us, however, that
there is little to fear on this score, and in the case of
a country so well situated as Turkey, from a geographical
point of view, the success of the scheme may be con-
sidered as certain. We shall find, in the course of a short
time, a new source of grain supply opened to our use and
one that will probably be a liberal one. The difficulty of
getting the produce to the sea coast has prevented agricul-
turists in the interior of the country from entering into com-
petition with more favourably situated opponents except in
extraordinary seasons, and the new lines will supply a great
want that has been long felt in this respect. In addition
to this the journey to Constantinop7o will be greatly
shortened, and that capital will be readily accessible from
every part of Europe. The proposed system greatly reduces
the distance between England and India, and gives
a locus stundi to such schemes as the Euphrates Valley
Railway, which have long been regarded as impracticable.
No one can look at the map without being struck
by the gradual and almost insensible manner in which
India is being brought nearer to us, and it begins to be
evident that, notwithstanding the difficulties attending
their construction, a system of railways to India is by no
means improbable. If attention be directed to the
resources of Syria and Persia, we shall find ample room for
the suggestion of similar schemes, and every new addition
to the railway system of the East in this direction will
reduce the distance between ourselves and our magnificent
Indian possession. It appears probable that our connec-
tion with India will be completed rather by gradual ex-
tension than by the accomplishment of one grand project.

SPORTING PROPHECIES.

LIVERPOOL MEETING.
" BELL'S LIFE."

Welter Cup—(in the absence of George Osbaldestot.)
Good Hope or Islam. Flying Handicap—Chanoinesie,
Minnie Warren, or The Hind. Trial Steeplechase—
Greenland or Colours. Costeth Handicap Hurdle Race—
Knave of Trumps or Colours. Knowsley Nursery Plate
—Religieuse or Indian Ocean. Childwall Plate—Duche: a
of Athole or Surgeon. Liverpool Autumn Cup—Sidero-
lite ; George Osbaldeston and Mr. Gilby's representative
for a place.

" SPORTING GAZETTE.

Trial Steeplechase—Golby's representative. Croxteth
Handicap. Hurdle Race -Pearl Diver. Knowsley Nur-
sery Handicap—Soucar. Flying Handicap —Northern
Star or Vex. Welter Cup —Xi or Mars. Sefton Handi-
cap —Vex or Minnie Warren. Nursery Plate—Enfield.
Grand Sefton Steeplechase—The Nun or Gardener.
Welter Plate—Honesty. Scurry Welter Handicap—Fugi-
tive. Liverpool Autumn Cup —Siderolite or Good Hope.

" THE FIELD."

Flying Handicap —Lord of the Valley or Minnie War-
ren. Knowsley Nursery Stakts--Newsman or Indian
Ocean. Welter Cup—Ben-An. Childwall Plate—Miss
Banks or Duchess of Athole. Trial Steeplechase—Green-
land or Ada. Crostuth Hurdle Handicap Race—Steam-
boat or David Copperfield. Sefton Handicap—Lily or
Cocoanut. Nursery Plate—Enfield or Soucar. Juvenile
Plate—Thunderstorm or Domino. Grand Sefton Steeple-
chase—Fan. Stewards' Plate—Jeanie Deans or Maesdor-
wen. Westmorland Cup—Vespasian or Silenus. Downe
Handicap—(in the absence of Lumley) Chanoinesse or
T. S. Dawson's representative. Welter Plate—Honesty
or My Uncle. Craven Steeplechase—Gardener or The
Elk. Liverpool Autumn Cup—Van Amburgh. Scurry
Welter Ha dicap —GI adiateur or Fugitive. All-aged Plate
—St. George or Fearnought.

" THE ERA."

Knowsley Nursery Stakes—Religieuso or Domino.
Welter Cup—Mar,. Flying Handicap—Emerald. Crox-
teth Hurdle Handicap—Steamboat or Knave of Trumps.
Trial Steeplechase Handicap—The Nun. Child wall
Plate—Turret. Sefton Handicap—Emerald, Vex, or
Cocoanut.. Juvenile Plate—Thunderstorm or Wave.
Grand Sefton Steeplechase—Tusculanum or Gardener.
Welter Plate—Honesty or Lumley. All-aged Plate—The
Priest or St. George. Liverpool Autumn Cup—Siderolite
or Van Amburgh.

" SPORTING LIFE."

Liverpool Autumn Cup—Siderolito or Argyle; Plough-
boy for a place. Welter Cup—Romping Girl or Ben-An.
Flying Handicap Chanoinesse, Minnie Warren, or Pan-
taloon. Trial Steeplechase —Surney or Mr. E 'ward
Green's representative. Knowsley Nursery Stakes—
Newsman or Sophie. Childwall Plate—Ajax or Bush-
bury. Liverpool Nursery Plate—Enfield or Mount Plea-
sant. Sefton Handicap—Lord Westmorland's representa-
tive. Juvenile Plate —Eloquence. Grand Sefton Steeple-
chase—Tusculanum or Fan.

" SPORTING TIMES."

Liverpool Autumn Cup - Mr. Hughes's representative
or Lily. Flying Handicap—Mr. Payne's representative
or The .Ewan. Sefton Handicap —Sylva or Minnie
Warren. Juvenile Plate—Woodbine for Domino. Nur-
sery Plate—Review, Magdala, or Indian Ocean. Stewards'
Plate- Cocoanut or The sEgean. Westmoreland Cup—
Master Willie. Down° Handicap—Prince Imperial or
April Motu.

" SUNDAY TIMES."

Liverpool Autumn Cup Sir Joseph llaw•ley's represen-
tative or Laly Henriotte. Knowsley Nursery Stakes
Newsman. Trial St.eplechase —Miss Dodson. Croxteth
Handicap Muffle Mace--Welter Cup—Tom Dawson's
representative. Flying Handicap—Vex, Fal-lal, or Lord
of the Valley. Childwall Plate—Ajax. Grand Sefton
Steeplechase—Gardeuer. Liverpool Nursery Plate—Per-
former, Catamaran, Siege Train, or Soucar. Sefton Han-
dicap - Lord Westmorland's representative or Melody.
Juvenile Plate—Fearnought or Thunderstorm. Stewards'
Plate —Cocoanut or Vex. Westmoreland Cup— Mars.
Craven Steeplechase—The Doctor or Colours. Downe
Handicap—Tom Dawson's representative. Scurry Welter
Handicap—Fugitive. All-aged Plate—Eloquence or Sove-
reign.

" THE SPORTSMAN."

Liverpool Autumn Cup--Van Amburgh or Sir Joseph
Hawley's representative. Welter Cup—Ben-An or Mars.
Flying Handicap—Vex, Emerald, or Chanoinesse. Trial
Steeplechase—Greenland or Snowstorm. Croxteth Han-
dicap Hurdle Race—Steamboat or Golby's representative.
Knowsley Nursery Stakes—lndian Ocean or Newsman.
Childwall Plato—Duchess of Athole.

POLICE INTELLIGENCE.-7his Day.

MARLBOROUGH. STREET.

ASSAtLT ON ACOIIIO SlNGER.—Francis Reynolds, brush-
maker, of No. 20, Frith-street, Soho, was charged before
Mr. Mansfield with violently assaulting Gus Douglas, a
comic singer.

Tho complainant, who appeared to have received a
severe injury to the head, b,sides having the disfigure-
ment of a black eye, said that on Saturday night he was
at the Green Man, in Berwick street, Soho, and after sing-
ing several songs he heard a disturbance in the house
between the prisoner and a female th' prisoner had been
living with. After leaving the house the prisoner joined
another female, and upon that the first female swore
she would knife the prisoner. Fearing some
mischief might be done he went up to them
and as soon as he did so the prisoner turned
upon him, struck him on the nose, blackened his eye, and
then, with something in his hand, struck him a severe
blow on the head. The prisoner was taken into custody
and ho (complainant) to the hospital, where he had his
head dressed, bad to attend yesterday, and was to go
again.

Mr. Mansfield asked the constable who took the prisoner
nto custody whether ho had a certificate from the surgeon
at the hospital ?

The constable said he had not.
Mr. Mansfield remanded the prisoner.

WESTMINSTER.

UNFOUNDED CHARGE OF FELONY.—Wm. Henry Ewen,
a respectable-looking man, described as a cab proprietor,
was charged with stealing a watch and chain, value £8
108., the property of John 0. Wilson.

Prosecutor stated that on the night of Thursday, Oct 21,
he hired tho defendant to drive him from the Crown, in
York-street, St. James's, to Godfrey's dining-rooms, in
Knightsbridge, his lodgings, at 3 Harriet-street,.Lowndes-
square, being close by. When he reached there he found
he had no money, and asked the accused to wait while ha
borrowed some money, but as the cabman seemed dubious
he gave him his watch and chain to hold while he got the
money, and on his return the man had gone and his pro-
perty with him. Prisoner was identified by him and ap-
prehended on Saturday.

In cross-examination by Mr. W. D. Levey, who ap-
peared for the accused, witness said he had been out of a
situation three years. During that time he had been
confined by his friends, and had escaped by a top window
by means of two sheets, which he fastened round a dress-
ing table. It was not true that he had played a two-
string banjo in the streets for his living, but he had
played it for his own amusement, and not for his neigh-
bours, and the boys got round him of course. Wheu he
escaped from confinement he fell, and was taken to the
hospital for the injuries. He had seen the accused
three times after the robbery, but did not give
him into custody because ho did not wish to frighten
him, or expose him before his fare. (Here the
witness's answers were of so vague a character that the
Court was in roars of laughter), and witness failed entirely
to satisfy the magistrate why he hal not given the man
into custody on the occasions he had seen him. Ile added
that it was not true that he treated two ladies to a tripe
supper on the night in question. He had on another
occasion.

Mr. Arnold—What, you, a married man with a family,
and such fatherly feelings as you tell us?
Witness—Yes, my wife was 179 miles away.
James Seymour, 176 B, proved apprehending the ac-
cused, who was identified by the prosecutor. The latter
was generally supposed not to be quite right in his head,
and the divisional surgeon was sent for, who considered
him sane at that time. He had known the prisoner for
16 or 17 years, during the whole of which time he had
borne the highest character.
Mr. Smythe then called a number of witnesses who
clearly proved an alibi, while he had a number of others
to give the prisoner the highest character for honesty.

Mr. Arnold said he had little doubt that this was a case
of mistaken identity ; but as another witness not present
might be able to set the matter quite at rest, he would re-
mand the accused till Thursday, and take his own recog-
nizances for his appearance.