The Sun.
London, England, 1860-07-05 00:00:00

THE SUN, LONDON, THURSDAY EVENING„TULY 5, 1800.

THE PER INVESTMEN2' LAND

AND BUILDING SOCIETY.

The ninth annual meeting of this society was
held last evening at Radley's Hotel, Bridge street.
The chair was occup7ed by Mr. John Gover.
The annual report was read by Mr. J. E. Tre-
sidder, as follows :
"In presenting to the shareholders their ninth annual
report, the board of directors have much pleasure in record-
ing their conviction of the stability of the Institution and
its continued success. The plans adopted for consolidating
the business, as referred to in last year's report, have re-
sulted in a much larger amount of profits upon the invest-
ments than heretofore. The proposal of the Chancellor of
the Exchequer to withdraw the exemptions in regard to
stamps, now enjoyed by Benefit Building Societies, met
with the decided opposition of the Board of Directors of this
and kindred societies, and such proposal has not been per-
sisted in. The total cash receipts for tho year amount to
£123,400 ls. 11d., which sum, added to the receipts of the
eight previous years, makes an aggregate of £797,724
13s. 6d.

" Investment Shares.-One thousand three hundred and
forty-six new shares have been issued, making the total
number issued since the formation of the society 20,622.
The sum of £30,240 15s. 10d. has been received upon in-
vestment shares, and the amount now standing in thebooks
to that account is £134,464 13s. lid , which includes
£10,120 Bs. 11d, for interest and profits. The sum of
£32,849 10s. Ild., with interest, has, upon application, been
repaid to the shareholders. The subscription share accounts
have been credited with the amount of interest provided for
in the tables, while the interest upon realised shares has
either been paid or placed to the credit of the respective
accounts. No alteration during the past year has been
made in the rate of interest upon realised shares or de-
posits, the former still remaining at 41 per cent. per annum,
and the latter at 4 per cent.
" BonifS upon shares.-In conformity with the 26th rule
a careful valuation Qf the whole of the society's liabilities
and assets has been made, the results of which appear, in
the general balance sheet. The directors have, from the
profits of the year's business, paid off the remainder of the
preliminary expenses, instead of spreading the same over
three years more, as originally intended, and have also ap-
portioned 10 per cent, of the remaining profits to the reserve
fund, which now amounts to £577 4s. 3d., and is invested
in consols. The directors have added to the subscription
shares' a bonus equal to 3 per cent, on shares upon
which twelve months' subscriptions or more have been paid.
The bonus has been placed to the credit of the several share-
holders, which for the past year will be equal to raising the
interest on subscription shares of twelve and a-half years to
7J4 per cent., and on subscription shares for seven and a
quarter and ten years to 7 per cent.
"Deposit department. The amount received herein has
been £20,724 16s. ld., of which sum £9,811 15s. 3d. was in
the savings' bank branch. The amount of deposits with-
drawn has been £19,180 19s. Id., while there remains to the
account £30,950 9s. 10d., including interest unpaid on the
30th of April last.
" Advances.-The sum of £30,421 14s. 10d. has been ad-
vanced duringthe year, uponthe mortgage of freehold, copy-
hold, and leasehold property, making, with former advances,
£293,214 Os. 11d. The sum of £1,402 has been advanced
to shareholders during the year, upon the deposit of their
share certificates, making, with foimer advances, £12,123.
The deeds and other securities.of the society have been ex-
amined by the auditors, andreported Upon by them. The pro-
sperity of the institution is indicated in the general balance
sheet, the investigation of which has given much satisfac-
tion to the directors, and wall, they believe, increase the
confidence of the shareholders in the principles and ma-
nagement of the institution.
"The following is the ninth annual cash statement :-
Dr. To balance in hand last year £2,522 13s. 9d. ; sub-
scriptions on shares, £30,240 15s. 10d. ; deposits, £20,724
16s. ld. ; repayments off ,loans, £35,380 lls. 9d. ; repay-
ments of advances on shares, £1,288 4s. 11d. ; repayments
of temporary deposits and loans, with interest, £6,055 14s.
Id.; temporary loan on stock, £10,990; temporary loan
from bankers, £1,000; interest on loans, £10,592 Os. 9d. ;
dividends on 5t0ck,..£533 10s. 2d.; sale and rent of freehold
land, £9B 19s. 4d. ; rent, &c., of offices, £4B 10s. ; rents,
ground rents, insurances, &c., £1,191 7s. 7d.; produce of
estates sold, £993 Os. Bd. ; fire insurance claims, £398 4s.
6d. ; investigation, entrance fees, &c., £855 Gs. 3d.-total,
£125,922155. Bd. Cr. By advances onMortgage, £30,42114e.
10d. • advances ox shares, £1,402 temporary deposits with
bankers, hnd loans for short periods, £6,000 ; temporary
loans on stock aed from bankers, with interest, £24,327135.
7d. ; deposits, £19,180 19s. ld. ; shares, £32,849 10s. Ild. ,•
interest on deposits and shares, £3,760 13s. 3d. ; ground
rents, insurances, &c., £1,541 7s. 11d. ; fire insurance
claims, £251 10s. ; unpaid accounts last year, £22 10s. 3d.;
office fittings and repairs, £6l ss. ; management expenses,
including advertisements, books, stationery, printing,
agency, outfits, commission to agents, salaries,
directors' fees, rent and house expenses, postage,
surveyor's charges, and expenses connected with disposal
of estates, £3,003 l ls. Bd. ; purchase of £B3 6s. 3d., 3 per
Cent. Consols, £BO ; purchase of £B5 is 9d., Red. 3 per
Cents., £BO ; cash at bankers, £2,868 Os. 7d. ; cash with
secretary, £72 3s. 7d.-total, £125,922 15s. Bd.
" The following is the general balance sheet :-Dr. To
share account, £124,344 ss. Od.; interest and profits on ditto,
£10,120 Bs. Ild.; deposits, £30,107 9s. 6d. ; interest on ditto,
£143 Os. 4d. ; unclaimed subscriptions on cancelled shires
and interest, £221 16s. Bd. ; fire insurance claims, £146 14s.
Gd. ; sundry creditors; and commission to agents,. £269 7s.
Id. ' • reserve fund, £577 4s. 3d. ; balance, being unappro-
priated profits, £371 12s. 5d.-total, £167,001 18s. Bd. Cr.
By advances on mortgages, £141,348 Hs. 2d. ; advances on
shares, £2,108 12s. 3d. ; freehold land, £9OO ; temporary
loan, £1,005 9s. 4d. ; stock, 3 per cent. Consols, £5,639 7s.
5d., £5,424 lls. ld ; stock, Reduced 3 per Cent., £13,312
18s., £12,836 Os. ; furniture and office fittings, £123 17s.
Bd. ; sundry debtors, £314 Bs. • cash at bankers, £2,868 Os.
7d. ; cash with' secretary, i 72 3s. 7d.-total, £167,001
18s. Bd."

The CHAIRMAN, in moving the adoption of the
report, remarked that 71 per cent. on their invest-
ment must be a very satisfactory fact to the mem-
bers, who would have difficulty in finding better
interest for their money elsewhere; and then pro-
ceeded to consider the causes which had led to the
society's continued and increasing success. The
society had also steadily kept to the purposes and
the legitimate business for which it had been ori-
ginally founded, and had not gone into extravagant
speculations, but had persevered in carrying out
the principle of consolidation, and the plans adopted
had resulted in a much larger amount of profits'
than heretofore. In fact, he might with truth de-
clare that the plan of the society had been worked
out with energy and to the universal approval of
those interested.
The report was then adopted unanimously, and
the retiring directors re-elected.
Mr. PRATT, after retvning thanks for his re-
election, suggested the calling of a general meeting
as soon as possible, to dispose of the remaining lots
of the Muswell Hill property among the members.
A resolution empowering the directors to call a
meeting as suggested was moved and carried.
Votes of thanks to the chairman and directors, to
the officers, and to the auditors, were then proposed
and responded to, and the meeting broke up.

SP O.RTIN G INTELLIGENCE.

NEWMARKET JULY MEETING.-WEDNESDAY.

Handicap Plats of 50 soya, for three-yr-olds and upwards

Chesterfield Stakes Course (3 furlongs 312 yards).

Mr. Saxon's Lady Peel, by Orlando, 4 yrs, Bst
(L. Snowden) 1
Mr. Nightingall's Tadworth, 3 yrs, Est 41b.. (T. French) 2
Mr. Ekard's Queen Bee, 3 yrs, 7st 41b (Perry) 3
The following also ran :—Marseillaise, Lady Kingston,
Ardour, Maypole, Skelton, Sister to Pandora, Paul Pud-

rick, and Ireland's Glory.
Betting-4 to 1 each agst Marseillaise and Lady Peel, 6
to 1 each agst Ardour, Queen Bee, and Sister to Pandora.
Won by a length; a head between the second and third;
a neck between the third and fourth. _

41, ...WV.. vv. •,
The Town. Plato of 50 sovs, for three-yr-olds ; colts, Bst 71b;
fillies, Bst 31b. B.M. (7 furlongs 196 yards).
Mr. Godding's filly by Prime Minister—Butterfly, Bst 31b
(Perry) 1
Baron Ruthschild's King of Diamonds, Bst 71b.. (Wells) 2
Mr. R. H. Nevill's filly by Pyrrhus the First—out of
Sneer, Bst 31b a (J. Mann) 3
_

Melior and Golden Pippin also ran.
Betting-2 to 1 agst Sneer filly, sto 2 (at first 5 and 6to
4) agst King of Diamonds, 3 to 1 agst the Butterfly filly.
Won by three lengths, same between the second and third.
Sweepstakes of 10 sovs:each, three-yr-olds, 7st 61b ; four,
Bst 71b ; five, six, and aged, Bst 121 b. The winner to be
sold for 150 sovs, &c. B.M. (7 furlongs 196 yards). 3 subs.
Lord Stamford's Tyrant, by the Nob, 3 yrs, 7st 61b
(A. Edwards) 1
Mr. Angell's The Greek, 4 yrs, Bst 71b (Perry) 2
Mr. Harrison's Annan, 3 yrs, 7st 61b (carried 7st 71b)
(G. Fordham) 3

Betting-7 to 2on Tyrant. Won by a length; three-
quarters of a length between the second and third. Tyrant
was claimed by Mr. Angell; and The Greek was claimed by
Mr. Harrison.
The Stamford Plate of 200 sous, given by the Earl of
Stamford, added to a Sweepstakes of 15 soya each, 6 ft;
two-yr-olds, 6st 121 b ; three, Bst 131 b ; four and upwards,
9st 101 b ; certain penalties and allowances. Last six

furlongs of B.M. 88 subs.
Mr. R. Ten Brook's Satellite, yrs, Bst 101 b (G. Fordham) 1
Mr. Sazon's Brown Duchess, 2 yrs, 7st 21b (A. Edwards) 2
Sir. W. Booth's Stampedo, 3 yrs, Bst 61b (E. Sharp) 3
The following also ran :-11K.. Phillippe, Nemesis, Seclu-
sion, Lord Nelson, Goelette, --alisworth, Queen of the Vale,
and Nabob's Daughter.
Betting-2 to 1 agst Queen. of the Vale, 3to 1 agst Satel-
lite, 4 to 1 agst Brown Dacia, Iss, 9 to 2 agst Seclusion, 8 to
1 agst Goelette, 10 to 1 agst Lord Nelson, 100 to 8 agst
Stampedo. On rising the hill only Satellite, Stampedo, and
Brown Duchess were left in th °race. Half-way up Stampedo
tired, and Brown Duchess failee to head Satellite, who won
by three quarters of a length , four lengths between the
second and third ; Nabob's Daughter was fourth, and
Goelette fifth.

Sweepstakes of 10 goys, for t‘ vo-yr-olds 7st 41b ; three, 9st ;
fillies and geldings allowed 31b. The winner to be sold
for 40 soys, &e. Last half L n; le of New T.Y.C. (4 fur-
lon3s). 5 subs.
Mr. Nightingall's Tadwerth, 3) rs, 95t.... (Nightingall) 1
Mr. Barnes Jewish Maid, 3 yrs, 9st (G. Fordham) 2
Mr. Alexander's Tyburn, 3 yrs, 9st (It. Cotton) 3
potting-5 to 4 agst Tadwvz th, 2 t 9 apt eacb, of the

others. Won by four lengths, a bad third. The winner
was claimed by Mr. Barne.
Plato of 50 sous, for maiden 2-yr-olds ; colts, Est 71b; fillies,
Bst 4113. New T.Y.C. (.3 furlongs 130 yards).

Mr. Batson's Barbara filly, Sat 41b (Norman) 1
Baron Rothschild's Sparkle, Bst 41b (Musgrove) 2
Lord Stamford's Esther, Bst 41b ... (A. French) 3
The following also ran :—Scandal colt, Morella; Salv-
cutter, Caliban, Water. Lily colt, Philip the Falconer, and
Rosary filly.
Betting-5 to 2 agst Caliban, 4to 1 agsf Barbara filly, 6
to 1 each agst Philip the Falconer and Shackle. Wo., by a
length; three lengths between the second and third ; a neck
between the third and fourth. Morella did not get off, and
galloped in a long way behind. . .
Sweepstakes of 100 soya, h ft, for 2-yr-olds ; colts, Bst 71b;
fillies. Bst 31b ; certain penalties and allowances. New
T.Y.C., 5 fur. 133 yards. 5 subs.
Duke of Bedford's Asteroid, Bst 41b (S. Rogers) 1
Lord Portsmouth's Vinegar Hill, Bst (J. Goater) 2
_ _ _

Tho betting opened at 5 to 4 on Asteroid, and closed at 6
:o son Vinegar lEII. Won by half a length.

Match, 300, ja. ft. No weights mentioned. New T.Y.C.
(5 fur. 136 yards.)
Sir J. Hawley's Sister to Pandora received forfeit from
Lord Stamford's Adrasta.

BETTING UP TO SIX O'CLOCK.
GOODWOOD STAKES.
9to 2 ngst Gridiron
10 to 1 agst Satellite
12 to 1 agst Tocher
12 to 1 agst Rattlebono
12 to 1 agst Avalanche

TEE DERBY.
20 to 1 agst Diophantes (taken)
25 to 1 agst Robin. hood (talti,n)
1000 to 35 agst Dictator (taken).
1000 to 15 agst Parasite (taken) -
THE SUBSCRIPTION ROOM—TUESDAY NIGHT.
GOODWOOD STAKES.
sto 1 agst Gridiron (taken)
10 to 1 agst Rattlebone (taken)
11 to 1 agst Stapleton (taken)
11 to l agst Avalanche (taken)
100 to 8 agst Tocher (offered)

1000 to 100 was laid agst the following :—Starke, Blue
Jacket, Gaspard, Comforter, Eskdale, Petra, Lovett, The
Bmwer, Weatherbound, Howth, Winkfield, Wanderer,
Volunteer, Rajah Brooke, Dulcibella, Volatore, Baronet,
Lucknow, and Mavourneen.
„„.

ST. LEGER.
800 to 300 agst Thormanby (offered)
12 to 1 agst Umpire (taken and offered)
-THE DERBY, 1861.
20 to 1 agst Diophantes (taken)
33 to U 1 agst Dictator (taken)
'lOOO to 25 agst Wild Will (taken) _
10,000 to 100 agst Invader (taken)

CARLISLE RACES.-WEDNESDAY.
LOTTERY STAKES.

Red Eagle
Dilkoosh. .
Maggie

Four ran.
SCURRY HANDICAP.

Joey Jones 1
Ricochet

Four ran.
CORBY CASTLE STAKES.

Doefoot walled over
COMMERCIAL TRAVELLERS' STAKES.
Filly by Ratan.

FREIV CH VIEW OF IRELAND.

La Revue Conteznporaine, in an article entitled

" Chronique Politique," after alluding to the death
of Prince Jerome, and to other topics of general in-

-
terest, thus speaks of Ireland:—
" The Irish have tvery claim to our interest ; they
are Catholics, like us ; they are Celts, and we have
Celtic blood in our veins. We only wish that the
author of " .11‘Mahon, King of Ireland," or any
other pamphlet on the same subject, would be so
good as to specify what reproach he makes to the
English Government in its present conduct towards
Ireland, and what are the reforms which he demands.

There are various remedies for the evils which

spring from a bad government; but for the evils
which spring from misery, we know but two reme-
dies —labour among the poor, charity among the
rich ; and neither the one nor the other can be effi-
caciously applied by Government. The Irish ques-
tion, if there be one, is not a political question.
Policy gave to Ireland, 30 years ago, all that she
could demand. The Irish possess exactly the same
rights as the English—that is, civil and political
rights, which pass for being very extensive, and
such as few nations now possess. Individual liberty
liberty of conscience and of religious worship—
unlimited liberty of the press—liberty to make a
will—liberty of meeting and association—the jury
—national representation ; there is not one of the
guarantees, not one of the advantages of the
English constitution of which the Irish have
not the full and entire enjoyment. An Irish-
man, Catholic or Protestant, may aspire to every
public employment. Queen Victoria's Prime Mini-
ster is an Irishman, a Protestant, it is true, and
very Protestant—in the Irish Government Depart-
ments are to be found many Catholics. It is suffi-
cient to open any Irish journal in which the Queen's
Ministry are frequently insulted—it is sufficient to
read the report of any meeting where the very
basis of the English Government is violently at-
tacked, and where foreign invasion is openly invoked,
to convince one's self that the liberty of discussion
is respected in Ireland, even in its greatest excess.
If the Irish see the English manifest their sympa•
thies for a cause which is odious to them, they are
perfectly free to raise their voice in favour of the
opposite cause ; if a subscription is opened for the
Sicilians in London, the citizens of Dublin may
subscribe for the Pope or the King of Naples ; if it
displeases them to hear one of the Queen's Mini-
sters praise Garibaldi, they may give themselves
the pleasure of burning the same Garibaldi in
effigy in the public squares—they did so the other
day. For a trifle they would burn the Minister '
himself. And yet people speak of the tyranny
practised by the English Government on Ireland !
" There was a time when such accusations were
well founded. It was when exceptional laws
pressed upon Ireland—when the Catholics were
indirectly excluded from public employments by
the obligation of an oath at which their conscience
revolted. Even then Ireland, though less fortunate
than England, enjoyed institutions which many
nations in Europe would have envied her. She
had trial by jury—she had a Parliament, and,
though the members were nut Catholics, the electors
might be, and were so for the most part, and their
choice no doubt was influenced by that fact. We
would, moreover, wish to know whether at that
period—that is, the 18th century—the condition of
the Protestants of France and in many other coun-
tries of the Continent was better than that of the
Irish Catholics. At present even the inequality
between Catholics and Protestants has disappeared
in practice as well as in legislation, and the Eng-
lish Government can no longer be reproached with
a single act of injustice on this head. There
remains, it is true, in Ireland, one inequality—an
inequality of fortunes, which neither the Ministers
nor the Parliament can suppress—there are rich
and poor there as elsewhere. It is to God we must
refer it, or, rather, to the moral and physical con-
ditions in which humanity lives, to the inequality
of force, to the difference of character, to the varia-
tions of seasons, and to the accidents of fortune.
But people prefer blaming the Government, which
can do nothing. We touch here upon one of the
weaknesses of our own country, which is to call for
the assistance of the Government on every occa-
sion. Should the harvest be a bad one, bread dear,
rents high, it is the Government which is applied
to for a remedy. But it is not the duty of the Go-
vernment to bring rain down from heaven, to pre-
vent hail, to force an abundant harvest, nor to re-
gulate rents. The duty of the Government is to
govern well—that is to say, to govern as little as
possible; to respect the liberty of every individual
so long as he does not attack the liberty of another,
and to leave to individual exertion its spontaneous
development. The English Government performs
this duty faithfully in Ireland, and this is all that
can be expected of it. Complaints are made that
there are landlords who expel their tenants from
their cabins. Does not this happen in France every
day ? Can a farmer or a lodger complain of being
replaced by a firmer or a lodger who offers better
terms ? And even should a landlord—which some-
times happens in France as in Ireland—use his
right with rigour, can the Government interfere ?
Is it for the Government to meddle with private
contracts, to violate one of the most necessary liber-
ties—that of property, and can it prescribe humanity
by administrative measures ? The Irish emigra-
tion is deplored, but are Irish the only people who
emigrate ? English, Germans, Swiss do the same
every day.
Certain races have a taste for emigra-
tion ; it is a necessity for people who increase ra-
pidly. In place of too curiously examining the
mote which may be in our neighbour's eye, we
ought to occupy ourselves with the beam that is in
our own. How well it becomes us to preach to ano-
ther the liberty which he has enjoyed for a long
time while we have lost the best part of that which
we did possess, and while we scarcely know how
to make use of what has been left to us."

AMERICAN ANNIVERASBY DINNER.

The 84th anniversary of American independence
was celebrated yesterday evening by a dinner at
the London Tavern, presided over by Gen. Camp-
bell, the American Consul-Gerieral in London.
Amongst the company present were Mr. Dallas,
American Miaister ; Mr. Crosky, Gen. Macdonald,
Dr. Mackay, Mr. Holliushead, Mr. M2gnus, and
about 100 gentlemen more or less connected with
the United States. The dinner was of excellent
quality, and the arrangements altogether gai'e
unmixed satisfaction.
On thy'removal of the cloth,

The CHAIRMAN briefly stated the object of their
festive meeting. They were assembled, he said,
to celebrate the 84th anniversary of a day oti which
a young nation had determined to be free, and
which stood alone in the presence of friend and foe.
From ,that day down to the present America had
been the home of the fugitive, and a friend of
struggling *freedom all over the world. (C!leers )
Mr. DALLAS said that any one -who listened to
him was aware of the peculiar affection and respect
with which that anniversary dinner was regarded
by all Americans. They knew and they appre-
ciated the wisdom and the courage of a young
people in declaring themselves independent of,an
old Government, and the patriotism associated, with
the names of those who had founded the
,present
system of the American Government. No one
needed to be, told what signification attached to the,
4th of July—the hallowed birthday of a great
nation. (Cheers.) It was hailed and accepled as
an epoch signally illustrated by many virtues, and
was lastingly auspicious to mankind. (Loud cheers.)
It might be gratifying to those who listened, to him
were he to dwell; as he had often chine before, upon
the ennobling Characteristics of their early heroic
times. Even in this capital of England, no one could
listen with reluctance to the recurrence- of such
names as Washington—(load cheers)—Franklin—
(loud cheers)—Jefferson—(continued cheering)
or Madison—(pretracted cheering)----tOdescripoons
of famous fields of fight, such as Bunker's-hill, Sara-
toga, or Yorktown ; or to the majestic deliberations
of councils, or to the continental congress presided
over by Hancock. (Hear, hear.) To the 'American
ear, the swelling theme never had lost, and never
would lose, its significance or attraction. He ab-
stained, however, now, and mindful of the limits of
a proper reserve, would only add, that the fondness
with which they eulogised their revolutionary sires
was neither ungenerous nor exclusive,. but, on the
contrary, would be as warmly manifested whenever
and wherever similar excellence was displayed.
On this day the hearts of his countrymen expanded
to recognise true greatness evinced in any land, by
any race. At this moment, in a somewhat distant'
island, a spontaneous and popular ' insurrection
against oppression, cruelty, and wrong awakened
wide-spread sympathies. (I4pud cheers.) He for-
bore a single comment on the merits of the case;
but if there could be found amongst the champions
of Sicilian rights and liberties a- wise, just, brave,
and disinterested deliverer, they should hasten to
connect the heroism of the present day with the
heroism of the day they were then commemorating.
(Cheers.)

Mr. CROSKEY here called for three cheers for
Garibaldi, which was vociferously responded to.
The next toast was " The President of the United
States," to which followed "The Queen," in giving
which the Chairman stated that her Majesty had
most kindly lent her celebrated portrait by Win ter-
halter, for the purpose of its being copied by an
American artist, and placed in the club room of the
American Association. The toast was most enthu-
siastically responded to.
The next toast was " The Diplomatic Service, of
the United States," coupling with it the name of his
Excellency G. M. Dallas.
Mr. DALLAS briefly returned thanks, alluding to
the long roll of distinguished men who had illus-
trated American diplomacy from the revolution
down to the present day. There men, he said, had
distinguished themselves because they came from a
free nation and were sustained by a free people.
(Cheers.)
Mr. CROSKEY gave the health of the Chairman,
which was warmly responded to, after which the
remaining toasts on the chairman's list were dis-
posed of, and the company separated.
A selection of appropriate music Was cflloiently
performed by the Distin,rtnitil Hort' Union, who
wore the uniform of the London Rifle Brigade.
Mr. Higgs was the toastmaster.

FIRES IN THE CITY.

Last evening, between 8 and 9 o'clock, a fire of a

rather formidable character broke out in the pre-
mises belonging to Messrs. Figgins, the well-known

type-founders, situate in West-street, Smithfield, at
the middle of Victoria-street, leading from Holborn
valley to what was originally termed the " Fleet-
ditch Den." The property of the Messrs. Figgins
covered a large superficies, whereon stood the foun-
dries, warehouses, packing-rooms, and machine
compartments. The buildings stretched in one direc-
tion at least 100 feet, it being next to an itnpossi-
bility to tell with accuracy the exact width, but it
is certain they were over 70 feet deep, and varied
from two and three to four and five stories in height.
Within a few feet of these extensive buildings are
the gutta percha works, separated only by the side
or back yard, while on the opposite side are the
premises of Messrs. Reynolds, the army gold-lace
manufacturers, and within a few yards the engi-
neering works of Messrs. Galloway. It is therefore
not surprising that a fire breaking out in the midst
of so much valuable property should excite so much
alarm, especially within the boundaries of the City.
From inquiries made on the spot while the fire was
raging, it appears that some one living near
the premises noticed smoke in dense volumes
passing out of the windows of the casting and ma-
chine departments, situate on the south- east side
of the factory, and in close proximity to many
other antiquated buildings. An instant alarm
was given, and messengers were sent to call the
engines of the London Fire Brigade at Farringdon-
street station, as well as those at Watling-street,
Chandos-street, Southwark-bridge-road, Holborn,
Jeffrey's-square, Crown-street, and several others
at the more distant depots. In spite of the exer-
tions of the firemen, the work of destruction con-
tinued, and the flames rose from floor to floor in
that part of the building until the whole of the
founders' rooms in that angle of the factory, includ-
ing the machinery compartments and melting
rooms, were nearly burnt out, and it was not until.
nearly 11 o'clock that the fire was entirely sub-
dued. The total loss is very considerable, for, in-
dependently of the great quantity of metal con-
sumed, the whole of the four floors of that part of
the premises are nearly destroyed, and the matrixes
are supposed to have been rendered useless. As to
the origin of the fire, nothing that could be de-
pended upon could be ascertained, but the opinion
of the manager of the factory is, that it was occa-
sioned: from one of the workmen in lighting his
pipe before leaving the premises having thrown a
piece of lighted paper upon the floor, as the flames
were first seen in the middle floor, and they ex-
tended to the other floors before the fireman had
time to get to the works. Although the business
of the firm will be somewhat retarded by the dis-
astrous event, it will not be wholly suspended,
and it is exceedingly fortunate that the many sur-
rounding buildings have not sustained the least
injury—not even the engineering works of
Messrs. Galloway. The type-foundry and
its contents are believed to be fully insured,
Last night Mr. Superintendent Braidwood received
information that another fire, which unfortunately
turned out to be very extensive, had broken out in
Doctors'-commons. In the course of a few minutes
as many engines as could be spared from the other
fire were despatched to the spot, and pending their
arrival the powerful steam fire-engine, the inven-
tion of Messrs. Shand and Mason, of Blackfriars-
road, was taken out of the Watling-street station,
drawn by three horses, and was for the first time
set to work. The fire commenced in the premises
belonging to Messrs. Thompson, box and packing
case makers, carrying on business in Carter-lane,
Doctors'-commons. The building, including the
basement, was five floors high, and contained a
costly stock of the manufactured goods. At the
time of the outbreak the only person in the house
was a daughter of Mr. Thompson, and upon her
descending the stairs to open the street door to let
in her mother, who had gone to purchase some-
thing for supper, she experienced a strong smell of
burning wood. Unfortunately, in her excitement
to aseertaiu whether anything wronr, had hap-
pened, she opened the flap of one of the wellholes
leading to the lowermost part of the building,
and the draught thus given caused the flames to
extend with more than usual rapidity. The water
furnished by the New River Company was so
abundant that the fire was prevented from extend-
ing to the adjoining houses and warehouses. By
12 o'clock the fire was under the subjec-
tion of the firemen. The premises of Messrs.
Thompson were nearly burnt out, and, unfortu-
nately, the sufferers were not insured.

BxpoßzArrox or FREYCII BAGS.

(From.the Patric of July 1.)

The Legislative Body h 5 been occupied with a
projet de loi tending to modify the actual state of
the law which prohibits the exp:qtation of rags,
and in general of 'all substances sui:ule to make
paper.

By prohibiting the exportation of rags by the
law of the 15th of March, 1791, and bylater enact.
ments, the object of the legislator was to keep at
•homea substance indispensable for the fabrication
of paper, and the production of which was. not sus-
ceptible of increase. The iirojet de loi on the ex-
portation of rags is the denial of that principle, and
theiefore we consider it as threatening the French
paper trade in its very existence. -
It is a strange mistakeio apply to the raw mate-
rial of paper the doctrines of economical science.
We admit that it may be true that free trade may
be-the most sure means of facilitating an increase
of the stock ; _it may alSo be true that feee competi-
tion, by Creating new wants, may increase produc-
tion; but this is only applicable to substances the
production of which is unliinited, as silk, :wool, cot-
ton, &c. Economical science is at fault if it think
those same-principles are applicable to rags, which
are not sown, or planted, or reaped ; to rags which
are not created at will, and which the great pro-
ancer of this substance —that is to say everybody—
endeavours to produce as little as possible. • In. a
word, rags are not merchandise the production of
which can be increased according to the demand
for them.• When all the countries of Europe come
to buy up in our market all the rags they want,
without any one of them being able to restore us
this primary material, there will not be one pound
more of rags in existence ; only rags will be much
dearer, for the demand 'will increase the price all
the more as the quantity will not be greater.
We am aware that it is not proposed to make
the exportation perfectly free, which is now abso-
lutely prohibited- Protection would be substituted
for prohibition.
But what does this protection signify if it is but
a nominal barrier to the exportation of rags,--4f
England who, above all things, wants our raw ma-
terial, finds it worth her while to buy up rags in
France, even under the duty of 12f. per 100 kilo-
grammes, which the Bill proposes to establish ?
The report declares that protedtion to be suffi-
cient. It would represent 25 per cent. on the ave-
rage price of white rags,_ which the project of the
Government estimates at from 50f, to 55f. the 100
kilogrammes. But when that price, which is
already no longer the average, shall have increased
when free exportation will have raised the price of
rags to 64f-or 65f. the 100 kilogrammes, the duty
of 12f. will not represent more than a protection of
from 18 to 19 per cent.—that is to say, an insuffi-
cient protection to enable France to keep her rags.
For, is it not evident that the value of the produce
must be determined by the market price when that
price is highest ? It is therefore on the London
market price of rags-80f. to 90f. the 100 kilo-
grammes—that the duty ought to be calculated,
which it is proposed to substitute for prohibition.
We shall not dwell upon the serious errors con-
tained in the report on the Bill respecting the tariff
of duties on the exportation of rags for making
paper, and which the delegates of the French paper
manufacturers have justly pointed out in the vari-
ous publications we have before us.
But we cannot help observing that, as regards
rope upon which the authors of the Bill propose to
fix an export duty of 3f. per 100 kilogrammes,
that duty does not represent 20 per cent. of the
value, unless old rope is estimated at 13f. to 15f.
Now, the price of old rope has never for many
years been under 25f. ; it varies actually between
31f. _and, ,a9f.,__We_go fu,rtbtx :7-4_4prit of this
present' year 'dm fsfininter-of.alte;iee-selelold-
ropes at Toulon at 46f. the 100 kilogrammes ; at
Lorient, in the following month of May, at 53f.,
that is to say, nearly as high as good white rags,
and which is explained by the quality, fibre, and
solidity which old ropes give to paper.
Finally, the report declares that the paper trade
is not interested in the exemption of all export
duty on woollen rags, because they are not used in
the fabrication of paper, or at least in very small
quantity. We may be allowed to observe that
woollen rags are largely used in making packing
paper and pasteboard; that our manufactures of
tinted paper make large use of woollen rags to
make without mixture tapestry paper, which may
compete in price in foreign markets with the best
English paper hangings. The free exportation
of woollen rags would thus deprive our interesting
fabrication of coloured papers of this superiority.
But may not considerations of a higher order
than those which touch even the interests of a
great branch of industry, the annual production of
which figures at 80 millions of francs, be indi-
cated here ?

The proposed law, bringing as an inevitable con-
sequence an increase in the price of paper, must
modify the economical conditions of the French
publishing trade. This law becomes an obstacle to
the development of progress in literature and
science—to the diffusion of every branch of
human knowledge; it tends to deprive the work-
ing classes of all those books which are meant to
instruct or to amuse them, to touch their
heart and intelligence ; it will be . prejudicial
to the fine arts—drawing, engraving, music, the
inspiration of which paper receives, preserves,
and multiplies. And what especially must not be
lost sight of is, that French ideas have no more
active, more powerful agents of propagation than
books; that, thanks to them, the influence of our
literature, of our customs, of our civilisation grows
and spreads throughout the world. If our books
become more rare, if their price increases, it is that
influence of the French name which will be les-
sened. Is this what the legislator aims at ?
" Commercial relations," says the report, " can
only established between nations in a durable and
useful manner by means of reciprocal and honest
concessions."
We seek in vain here for such a reciprocity.
We see clearly what England wishes to obtain from
us in this affair; we do not see' what she offers
in return, unless it is, by a bitter derision, the free

entrance of French paper on the other side of the
Channel, when England at any price will buy up
in our markets the indispensable material for
making our paper. What requirement is there for
our paper in England, which produces already more
paper than she consumes ?
In fine, the passing of the law for the free ex-
portation of rags would inevitably lead to the ruin
of a portion of the manufacturers of French paper.
The Legislative Body will surely not give its sanc-
tion to so fatal a measure.

THE HARVEST IN CANADA. —The weather is
most propitious for the growing crops, which in this neigh-
bourhood never looked better. The young wheat, oats, and
the hay are doing splendidly. Every kind of garden stuff
is also flourishing satisfactorily. Quebec seems to be pre-
eminently favourable to the growth of small fruits, such as
gooseberries, currants, strawberries, raspberries, and others.
The whole country abounds with strawberries—they are in
every field, and even flourish along either side of the roads.
—Letter
.from Quebec, Juno 15.
HIGH PRICE OF BUTCHER'S MEAT.—At a nume-
rously attended meeting of the operative classes residing ats
Stratford and its vicinity, the following resolution was
adopted :—" That the present high price of butcher's meat
places that portion of our daily food beyond theirea of
until ge the
the operative classes, and we therefore strongly
necessity of abstaining from such food it is sold at a
()formd to ar range
more reasonable price." A conimittelwtahs
samee subject at
for holding an aggregate meeting o
Manby-park, Stratford-grove.
_d' s pillsa ufanedurOei
ttinllean
[ADVERTISEMENT].--Hohoway
Cherish hope. Let no sufferer esp
t d f • ents*
trial has been given to these incomparable medicaments.
Marvellous cures are constantly repor e o invalids being
restored to health when all hope had
_long. since vanished.
All complaints of the chest, all irregularities of the heart,
all impurities of the blood, all derangements of the stomach
and liver, are banished by Holloway's preparations. The
Ointment must be well rubbed over thejparts affected twice
a-day at least, and oftener in urgent cases. The use of
this Ointment, aided by Holloway's Pills, will cure all sorer,
ulcers, piles, fistulas, and skin diseases. However old, or
obstinate to their power, all eventually yield,