The Sun.
London, England, 1856-11-21 00:00:00

PROPERTY AND INCOME TAX ASSO-
CIATION for obtaining a speedy reduction of the tax Wm
Id. to 7d. in the and a more equitable alustment of the In-
come Tax.

A 1 ÜBLIC MEETING, for promoting the objects orthig Asso-
ciation, will be held at the LONDON I' AVERN, n MONDAY
EVENING next, at half•past 5 for 6 o'clock precisely;
Alderman Sir JAMES DUKE, dart., M.l' , in the chair.
Mr. ldennan Sidney, E. Clarke, Esq ,J. Gaddby, Esq., and other
gentlemen aro expected to address the meeting.
C. F. BUOTT, Hon. Sec.
Committee Room, London Coffee-house, Ludgate-hill.

RITISH CANDLE COMPANY (Limited).
P Capital 200,0001., in 20,000 shares of 101. each, of which ,t
is only intended to raise 100,000/. in tOe first instance.

Bankers—The City Bank.
Brokers—Messrs. Carden and Whitehead,Royal Exchange•buildin2s.
Applications for shares are to ba addressed to the Secretary, at
the offices of the Company, or to the Brokers.
Each application must be accompanied by a deposit of 17. per
share with the city Bank, Threadneedle-street, to the credit of the
British Can:lle Company, Limited. t his deposit will be applied In
tart payment of the first call of 21. 10s. i er share on such shares as
may be allotted. Should no allotment he made to the applicant,
the dep.- Sit WI I be forthwith returned free of charge.
Prospe •tunes, with statement of Vie financial prospects of the Cora-
p any, may he obtained at the otlices. 75, Old Broad-street.
HORATIO N. GOULTY, Sec.

BRITISH- CANDLE COMPANY (Limited),
Applicatlon for the remaining shares in this Company muse
be made on or before Monday next, the 24th inst.
7,, Old Broan-street, City. HORATIO N. GOULTY, Sec.

THE FRBNCH PRIBB AND THE RUSSIAIV

RAILWAYS.

The crusade of the French press against the pro-
jected Russian railroads, which has been expected
for some time past, has commenced, and the Con-
stitutionnel leads the van. After deploring the
ravages committed in Germany by the fever specu-
lation, a contagion, by-the-bye, which proceeded
from this side of the Rhine, that journal offers the
following objections to the investment of French
capital in the new and gigantic project :—" At
this very moment, when the greatest reserve ought
to be displayed, we see the most extensive projects
started by' high financial authorities. TG allude to
one, and the most considerable, we will mention
that of the Russian railroads. The sum which
has been demanded of the capitalists of England,
France, Germany, and Holland,, is not less than
a thousand millions, and this will be sought for
in the various money markets of Europe. Is this
the proper moment, we would inquire, to at-
tempt such an operation That Russia should de-
sire to cover her territory with railroads, and that
she wishes to construct these with the capital of
other countries, is perfectly natural. But ought not
the capitalists who have bargained with the Russian
Government to have taken into consideration the
pecuniary state of the countries to which they be-
long ? Ought they not to have reflected on the im-
prudence of weighing down markets which are
already so oppressed Should they not rather
have refused, for the moment at least, to entertain
a project which will suddenly add a thousand mil-
lions to the paper now in circulation ? Moreover,
why should they in existing circumstances have
accepted* the concession of the entire network of
Russian railroads? Would it not have been more
simple to have performed what has been done in
every other quarter, namely, to proceed in a pro-
gressive manner and to commence with one or two

lines ? By so doing several advantages would have
b3en obtained. In the first place, the project would
have been reduced to proportions more in unison
with the actual condition of financial resources. In
a second point of view, it would then have been pos-
sible to examine the working of railways in Russia,
and this would later have offered a basis of calcula-
tion in the event of an extension of the railway
system being deemed advisable. This prudence,
this reserve, which appears to have been wanting in
certain financial regions, will, we trust, be found
amongst those of our capitalists whose co-operation
may be sought. They will, moreover, be aware
that they possess at home both certain and lucra.
tive employment for their capital, and do not re-
quire to incur the risks of an uncertain enterprise.
Apart from national vanity, we may assert that our
rent& and our railroads, particularly at the low
prices to which they have lately descended, are
quite as inviting as the 'rente' in the railroads of
Russia. Without wishing to depreciate the new
enterprise, it is permitted to believe that railroads
traced across so extensive and poorly populated a
country will remain for a long time without yield-
ing a profit. The parties who have obtained the
concession have received, it is true, a guaranteed
interest of 5 per cent. This is doubtless their most
certain and probably their sole income. But then,
properly speaking, this constitutes nothing else
than Russian 5 per cent. stock. Now, by purchas-
ing French rente' an equal income may be had ;
whilst; by an investment in French railroads, a far
greater one will be obtained. Can, then, the choice
remain doubtful ?"