The Sun.
London, England, 1869-02-10 00:00:00

WEST INDIES AND MEXICO.

Leave Rt. N...;r0 on tho 16th of oach month for St.
Thomas, Havana, Vera Cruz, Now Orleans, Porto Rico,
Haiti, Santiago do Cuba, Guadeloupe, Martinique.
JAPAN, NORTH AND SOUTH PACIFIC, AND
CENTRAL AMERICA (via Panama).
Leave St. Nazaire on the Bth of each month for Mar-
tinique, St. Martha (United States of Columbia), Colon,
Aspinwall (Isthmus of Panama), La Guayra, Porto Ca-
bello, Guadeloupe, Trinidad, Demerara, Paramaribo,
Cayenne, &c., Callao, Valparaiso, &c., San Jose, La Union,
San Francisco, China, and Japan.
Hand books, with full details of all the routes of this
company, can be had of

STRINGER, PEMBBROKE, and Co.,
Agents, 8, Austinfriars, London, E.G.

EUROPEAN ASSURANCE SOCIETY.
Empowered by Special Act of Parliament.
For Life Assurance, Annuities, and Guarantee of Fidelity in
Situations of Trust.
Chairman— General Sir FREDERIC SUITH, K.H., F.R.S.
Policies payable during Life—lndisputable—Not liable to
Forfeiture.
Annual Income exceeds Three hundred and Fifty Thousand
Pounds.
The Annuity Tables, offering special advantages to Annuitants,
and full particulars of the popular Principles of this Society, will
be found in the New Prospectus, which will be forwarded to
applicants post free.
HENRY LAKE, General Manager.
316, Regent-street, and 17, Waterloo-place Pall mall, London.

ROYAL INSURANCE COMPANY.
HEAD OFFICES:
Royal Insurance Buildings Lombard-street, London.
Royal Insurance Buildings North John-street, Liverpool.
CAPITAL, TWO MILLIONS STERLING.
Total Annual Revenue exceeds £Boo,ooo
Accumulated Funds in hand £1,500,000
LIFE DEPARTMENT.
Life and Annuity Funds
SPECIAL ADVANTAGES—
Exemption of Assured from Liability of Partnership.
BoNusEs among the largest ever declared by any Company.
Profits divided every five years.
All new Life Insurances now effected will become entitled
to an Increased Share of the Profits.
FIRE DEPARTMENT.
Premiums in 1867 £46^,553.
REDUCTION OF DUTY.—Since this first took place the increase
of business of the ROYAL has exceeded that of any other Office,
as shown by Government Returns.
Prompt and liberal settlement of Losses.
JOHN H. McLAREN. Manager.
JOHN B. JOHNSTON, Secretary in London.

EAGLE INS UR ANC E COMPANY,
LONDON.

Report of the Directors for the year ending the 30th
June, IS6B, read at the Annual General Meeting of
Proprietors, August 14, 1868—Colonel CHARLES
WETHEItALL, K.0.T., Chairman of the Company, in
the Chair.

The proprietors will no doubt remember that at the last
annual general meeting a report was made to them for the
quinquennial period then terminating, and that a bonus
was declared in respect of it amounting to the sum of
£208,774. The surplus fund account, as tinder, commences
with _the balance of June, 1867, after deduction of this
bonus—that is to say, with the debit of £772,710 13s. 9d.

SMlPliug FUND ACCOUNT, 30T15 JUYE, 1868.
Dn. comE OF TILE YEAR.
Balance of account, 30th
June, 1867, £981,514 13 9
Less amount distributed
as bonus 208,774 0 0

£772,740 13 9

Premiums on neWassur-
ances
Ditto on old ditto 366,215 7 3

£380,811 8 3

Interest from invest-
ments 117,584 7 8

.£498,395 15 11
Profit and loss, balance
46,070 13 3
of account
----- 544,466 9 2
Total income

£1,317.207 2 11
CR. CHARGE or TILE YEAR
Dividend to proprietors
Claims on decease of lives
£265,523 13 5
assured
Additions to those under
participating policies 22,816 4 7
Policies surrendered 28,642 11 3
Re-assurances, new
Ditto, old

£370,618 5 3
Commission ............... 11,702 15 0
Medical fees ............... 751 16 2
Income tax. ............. 2,215 4 7
Expenses of manage-
ment. ....................... 15,489 8 5
400,777 9 5

Total charge .....
Balance of account, 30tli June. 1868 907,552 8 6

£1,317,207 2 11
Examined and approval
THOMAS ALLEN ,) Auditors.
HENRY ROSE,
The total income of the year, it will be seen, is £544,466
9s. 2d., and the total outgo £409,654 1.45. sd. ; the diffe-
rence or the sum laid by—viz., £134,811 14s. 9d.—raises
the fund again to £907,552 Bs. 6d.
The interest received during the year is £117,584 7s.
3d., arising from the productive portion of the realised
assets of £2,897,157, .mentioned in the last year's report.
The whole assets, productive and unproductive, may there-
fore be considered as having improved at the rate of rather
more than 4 per cent. ; or, if the profit shown of .£46,070
13s. 3d., derived from various extraneous sources, be in-
cluded, at upwards of £5 12s. per cent.
The premiums on new assurances are £14,596 ls. 9d.,
and of this sum £3,270 15s. 4d. has been expended in re-
assurances.
The claims on decease of lives assured are nearly iden-
tical in amount with those of 1866. They are less than
those of last year by nearly £19,000.
A considerable reduction, too, appears in the amount
of premiums paid for re-assurance, many of the risks
re-assured having terminated by death and other causes.
The espouses of management are less than those of last
year by upwards of £1,400. But they still include charges
incurred in the final closing of the two officeslast absorbed
by the company. The whole expenditure, however, in-
cluding income tax, is at the rate of little more than 51
per cent. on the total income.

The balance-sheet is as follows :
DR. LIABILITIES.
Interest due to proprietors
Claims on decease of lives assured, and
additions thereto unpaid
Sundry accounts
Liability under sums assured, &c. (1867) 6,369,169 11 7
Proprietors' fund
Surplus fund as before 907,552 8 6

Total £7,565,198 1 3
CR. ASSETS.
Amount invested in fixed mortgages £1,460,772 2 7
Ditto ditto decreasing ditto
Ditto ditto reversions 347,136 5 5
Ditto ditto funded securities
Ditto ditto temporary securities
Current interest on the above invest-
ments 36,243 7 6
Cash and bills 22,604 2 9
Advanced on security of the company's
159,503 14 9
policies 27,112 9 6
Agents' balances
Sundry accounts
.1 506
~ 167 18 0
Value of premiums (1867) ............
, 86860 13 9
Value of re-assurances -----_

Total X 7,565,198 1 3
Examined and approved.
THOMAS A LLEN,} Auditors.
HENRY ROSE,
The present disposition of the Company's funds is shown
by this account. On ccmparing it with that of 1867, it
will be observed that further investments have been made
on mortgage and in the Government funds, and that about
£ll,OOO moro has been advanced on security of the com-
pany's policies. Exclusive of the sum indicating the value
of the future premiums, the assets amount to X 3,059,030
3s. 3d.
The direction of the company is now constituted as
follows :
The Right Hon. Sir JOHN YOUNG, Bart., K.C.E. Chair-
man.
WILLIAM FREDERICK DE LA RUE Esq., Deputy_
ji,Cahhmiai Chas. .ps Thos.mßouser 7sctE Holcombeb.q. , E
Chairman.
Charles Bischoff, Esq.
Thomas Boddington, Esq. Joshua Lockwood, Es mil.
Charles Chatfield, Esq.
GeorgeTosaßoudsfsreelyl, i Esq.
Sir J. Buller East, Bart.,
D.C.L.
Robert A. Gray: Esq.sq.
Wm. Augustus Guy, M.D., Esq. Sambrooko,
ras, Admiral Tiudal.:

... _
New York, Feb. 3.—According to Messrs. Neill's report
the receipts at all ports for the past four days have been
32,000 bales, against 42,000 same time last week. Exports
to Great Britain 8,000 bales, against 12,000 same time last
week. Export to France 4,000 bales, against none same
time last week. Exports to other foreign ports none,
against 4,000 bales same time last week. Total exports
for four days to all Europe.ae ports 12,000 bales, against
10,000 same time last week. New Orleans, Feb. 2. -Mid-
dling' Orleans, 12:7; low nodding, 12, laid down in Europe.
Markets active, with an upward tendency.
Messrs. Stokes, .11Pliallie, and Co. have received the fol-
lowing telegrams from their New York correspondents :
" New York, Feb. 3.—Four days' receipts of cotton at all
ports, 30,000 bales; approximate estimate of receipts for
the week, P 5,309 Lilies; same week last year, 91,000 bales.
Primo of middling upland, laid down i❑ Liverpool, 12id.
Tone of this and all Southern markets a shade quieter.
New Orleans, Feb. 3.--3liddliug from this pert, laid down
in Liverpool, with all charges, costs 12;j41 per lb. Sa-
vannah, Feb. 3.—Middling costs, laid dawn in Liverpool
with all charges, 121,l per lb. Galveston, Feb. 2.
Good ordinary from this port, laid down in Liverpool,
with all charges, costs 12}d. per lb. These quotations
include an allowance of 6 per coat: for loss in weight.

(From the Spring fall Jan. 23.)
NEW Yoitx, Thursday Evening.

The money market was active this morning, at 7 per
cent. on call, but later in the day capital was more plenty,
and the market closed easy at 6 to 7 per cent. Prime busi-
ness paper is discounted at 7 to 9 per cent., but there is not
much doing at present, The assessor of internal revenue
for the district, including Wall-street, claims that the
Government tax on the capital of brokers extends to money
borrowed by them on call. The members of both boards
of brokers and of the gold exchange have taken steps for
testing the validity of this very singular claim. The Express
says tho bears of Wall-street are disappointed at their
failure to break the great bull speculation on the Stock Ex-
change, by hounding the Legislatures of several Western
States after the railway, and inducing them to reduce the
fares on the roads. The leading railway shares were
freely offered on this programme. The bears are now
smarting under this new defeat, and preparing to resort
to the old trick of locking up greenbacks. There haft
been considerable consultation to-day, and a movement is
on foot to lock up $25,000,000 of greenbacks. The parties
to this new combination comprise many who were long of
stock on the groat Erie lock-up and panic of Octo-
ber. Sterling exchange is quiet, at 1091 to 1091.
Gold is dull. It opened at 1351, declined to 1351, and
closed at 1351 to 1351. The clearances at the Gold
Exchange Bank were $43,000,000. There have recently
been some heavy purchases by stock operators to cover
gold borrowed in December against stock collaterals,
and which they sold to get currency. There are rumours
of a lock-up of gold. Government Securities are dull, but
steady; State Bonds active. The railway market opened
firm, but declined soon after, and with fractional reactions
so continued until one o'clock, when prices started, and
subsequently advanced, closing strong. The special fa-
vourites were Rock Island, Reading, old Southern, Pitts-
burg, Pacific Mail, Canton, and Mariposa preferred. Ex-
press shares were active and higher this morning, but
closed with a decline of 1 to 2 per cent. from the highest
point. Pacific Mail fell nearly 3 per cent. on the pressure
of sales, but recovered before the close. The sub-Treasury
receipts to-day were $4,841,815, payments $3,112,229 ;
balance $85,652,994.

(From the New Fork Tribune, Jan. 23.)
Money worked easily at 6to 7 per cent. on call. Go-
vernment brokers were offered large amounts, which they
were unable to use, and the offering to stock houses at
legal rates was in excess of their requirements. Commer-
cial paper is easier at 7to 9 per cent. The rumour that
another lock-up was to be engineered in order to break
tho market appears to be without foundation. As a specu-
lative movement, affecting stock operations, this artificial
mode of affecting values may be justified, but past expe-
rience proves conclusively that it has but little, if any,
effect on speculators, but causes distress to every mer-
cantile interest in the country. Brokers go into the mar-
ket and pay the rates askod, while merchants are unable to
negotiate their paper at any price, and the movements of
all legitimate business are stopped for the benefit of a few
money-lenders. Congress has taken action upon two bills
which should be immediately passed in justice to the
public. One is to stop the making of loans upon green..
backs, and the other is to change the mode of making the
quarterly statement, allowing the Controller of the Trea-
sury to call for a statement at any time he may choose,
instead of having ono day for all the banks to make their
returns, as is now the case.

- Sterling Exchange is active at an advance of 1 per cent.
on quotations. London, 60 days, 109 to 1091; Loudon,
sight, 109} to 1091 ; Paris, long, 5.16} to 5.15 ; Paris,
short, 5.1 n to 5.121 ; Antwerp, 5.17} to 5.16} ; Swiss,
5.17; to 5.161 ; Hamburg, 36 to 361 ; Amsterdam, 41 to
411 ; Frankfort, 41 to 411 ; Bremen, 781 to 781; Berlin,
7111 to 711. At the last Board the market was lower on
the general list. Michigan Southern was strong at 951
to 951 ; Toledo and Wabash, 621. St. Paul stocks were
weak. The Common sold at 701, and the Preferred at
92}. At the close the market was steady at quotations.
Governments closed firm.

(Front the Philadelphia Public Ledger, Jan. 22.)

The increased stringency in the New York money mar-
ket on Tuesday and Wednesday caused some little uneasi-
ness in this market yesterday, though we have no mate-
rial change to notice in rates. It is intimated that the
New York movement was artificial, and was initiated
by stock speculators, with a view of bettering their
operations in stock, gambles, but that money at New
York is -not really scarce, nor is there any proba-
bility in the natural course of trade balances
of its becoming scarce there for some time yet. This
market, however, is in such close connection with
that of New York, that any steadily maintained move-
ment there will be an influence here. Some few excep-
tional loans were reported there they the day before yes-
terday at 7 per cent. in gold, but subsequently the rate de-
clined to generally 7 per cent. currency. In this market
we continue the quotation of call loans on Government
collateral at 6 per cent., and on appraved miscellaneous
collateral at 7 per cont. The discount rate for prime A 1
paper with the bill brokers is Bto 10 per cent. The stock
brokers' loan balances at the legal rate of interest. Our
banks, as well as those of New York, by their weekly
statements of averages, show abundant means at command
to meet all legitimate business demand upon them, and
quarter-day is too remote to have any special terrors in the
present. They are in a condition to make money, and
they will no doubt avail themselves of the opportunity.
There was a fair amount of business in stocks yester-
day, and the more speculative stocks showed a further
advance in prices. Government leans were unsettled,
some classes of bonds advancing to while about an
equal number declined as much.

Major Robinson, United States Consul, at Strass-
burg, left last week for New York for a three months'
visit.

General G. S. Dodge, United States Consul, re-
turned home last week from Brooklyn, New York, bring-
ing with hint a wife. _

P.
Se Dewey, Esq., of San Francisco, now in
Paris, gave a handsome dinner at the Grand Hotel last
Saturday to some twenty American families, among which
were General John A. Dix, American Minister at Paris,
Hon. A. G. Burlingame, Chinese Envoy ; Mr. Murphy,
Consul-General at Frankfort-on-the-Maine, &c.
It is reported at Washington that the lion. E.
B. Washburue is studying French with the idea of coming
to Paris as American Minister. We know many friends
are urging him for the place, that he can have it if ho
desires it, but how can wo spare the bull-dog of the
Treasury from Congress ? —the honest, fearless, faithful
representative who stands up so boldly to combat all
schemes of plunder. Mr. Washburne has hosts of friends
in any station he may occupy. General Dix has expresied
a desire to return home next spring.
Theodore F. Randolph was inaugurated on the
19th January, in presence of a large assemblage of citizens,
at Taylor's Hall, enlivened by the military. Governor
Randolph, after receiving the official seals of office, made
a speech, which was frequently applauded.
Rev. T. D. Huntington has resigned the Pastoral
of the Emmanuel Church to accept the Bishopric of the
Diocese of Central New York.
Mr. and Mrs. Colfax gave a reception at Wash-

ington on the evening of January 22d, as had also Secre-
tary and Mrs. M'Culloch, both of which were brilliant.
Governor and Mrs. Hoffman had a large party at Albany
on the 22d January, when they entertained the citizens,
more than 200 invitations being given.

It is reported that the Dominion Government
will appoint Hon. Mr Howe Commissioner to Washington
to negotiate for a reciprocity treaty.
Whelan is to be executed on the 11th instant,
and he has been sent btck to Ottowa gaol. The applica-
tion for a new trial was argued before a full Court of
Errors and Appeals, and the judges were found to stand
four for and six against granting a new trial. The pri-
soner's counsel was also defeated in his attempt to appeal
to the Privy Council of England.
LUXURIANT AND BEAUTIFUL HAIR.—MRS. S. A.
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falling off. It prevents baldness. It promotes luxuriant growth;.
it causes the Hair to grow thick and strong. It removes all
dandruff. It contains neither oil nor dye. In large Bottles—
Price Six Shillings. Sold by most Chemists and Perfumers,
Depo 266, High Holboyu