The Sun.
London, England, 1856-12-18 00:00:00

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IstONR UNIP:eD C•OLLIJIRIES OOMPA1111:111:1-•
(Frees the Times' City Artiee.)
_.tZ S
A new Belgian coal company has been in,ro-
diced. under circumstances calculated -to excite
attention. Its title is the Mons United'Collieries
Company, and the capital is to be 1,000,000/., in
101. shares, the Duke of Wellington, the Earl of
All3ernarle, Mr. H. S. Thornton, of the firm of
Williams, Deacon, and Co., and Mr. Weguelin,
the Governor of the Bank of England, being trus-
tees, while the board of directors is also composed
of persons whose position or experience invites re-
liance. The object is to develops the resources of
the most central part of the coal district of Mons,
and operations are to be directed to two sections,—
namely, a set of collieries already in full work, and
yielding a minimum net profit of 40,0001. a-year,
and another set of which a concession has been
granted by the Government on condition of their
being forthwith opened. The nayment for the
whole is fixed at 454,000/., of which 200,0001. is
to be in shares not entitled to dividend until
G per cent. shall have been paid on the general
capital, and liable to cancelment to the extent
of two-thirds in case the new mines should not
yield coal of the anticipated commercial quality.
Looking at the yearly profit already stated to be
derived front the mine at present in work, and
which according to the reports of engineers, could
be greatly increased by an outlay of 20,0001., the
unlimited demand for coal in Belgium and France,
and the increasing facilities of railway carriage, the
terms appear to be sound and liberal. This con-
clusion, however, depends entirely upon the as-
sumption• that the examinations instituted by the
directors have been such as to leave no possible
doubt of the correctness of their statements, and
that they are in every way capable of being verified
by any practical party disposed to enter into the
undertaking. In relation to the general produc-
tion of the Belgian colleries the following statistical
statement is furnished :--
"The production of coats in the province of Mons has
been considerably developed of late years. The forma-
tion of companies, possessing sufficient resources, has
especially contributed to this result, by the application of
the necessary capital to the works of extraction. It is
shown by statistical documents that the extraction of
coals in this province, which amounted in 1839 to only
1,968,169 tons, bad increased in 1855 to 6,453,416 tons.
"A great part of this produce is exported to France, .
where the consumption is greatly increasing every year;
and it may be conceived that this augmentation will be
still more considerable, judging from the fact that
whereas in France the average annual consumption is
but 276 kilogrammes per individual, in Belgium it is
1,174 kilogrammes, and in England 1,966.
"The great coal companies in Belgium have all at-
tained a state of great prosperity ; their profits have
especially increased since 1850, and their shares have in
consequence doubled and tripled ix value.
"The company of the colliery, called Le Vent elu
Fleau,' which is contiguous to one of the concessions of
the Mons United Collieries Company, has seen its shares
of I,ooof. rise to 1,250 f. in 1851 ; to 1,630 f. in 1853 ;
and to 3,200 f. on the Ist of December, 1856. The
dividends to the shareholders amount to 30 per cent.,
independently of considerable sums reserved.
" The import of foreign coals into Belgium is free of
duty, but the experience of the present year has shown
that English coal cannot compete in Belgium, even on
the coast, with the Belgian coal.
"It is known that in the vicinity of Valenciennes
152 new factories have been established within the last
12 months, and are large consumers of Belgian coal.
Many more factories are also understood to be in course
of formation."

[PRICE 4D. STAMPED WE.

JS who passed into society having no one at home to
really control them. They could not hang young child-
ren, neither could they transport them, nor keep them
year after year in prison ; in fad, no system of punish•
went could, by itself, work the required end of diminM-
ing or preventing crime. Seeing, then, that they could
not effectually punish or let them alone, they must turn
to this mode of cure. In the first place, they should do
all they could to promote the general morality of the
working classe4, and endeavour to extirpate the vice of
drunkenness, which was the cause of more than half the
crime of the country. But while prevention was better
than cure, reformatory schools were absolutely neces-
sary, and up to the present time they had been suc-
cessful to the extent of reforming seven out of ten, and
in France, at Mettray, they had reformed nine out of
ten. He assured them that the returns of the Mettray
institution were to be depended on, because not a single
prisoner was condemned iu France without all his an-
tecedents were inquired into, and it was found that out
of 100 trained in Mettray for the last 16 years only 10
had relapsed into a state of crime. By the French law
boys convicted and sent to Mettray were condemned to
stay at Mottray until they were of age. For the seven
years' existence of Rodhill, seeing that they had nearly
1,000 boys, nearly two-thirds of those at Mettray in 17,
therefore their measure of success was by no means con-
temptible. Another great difficulty was that of getting
proper persons to devote themselves to this work. I❑
Mettray nearly 40 young men gave their services for
almost a nominal sum, but here our young men must
have almost always the arguntentunt act crumenam—the
quid pro quo in their pocket. The consequence was
that they not only had fewer but less devoted teachers.
Yet with all these difficulties something like 7 out of
10 had turned out honestly. The larger portion of their
inmates went abroad, which was a very fair price to pay
for the kindness and mercy shown them. Ile did not
consider that it would be just to take the criminal popu-
lation and teach them useful trades, and then throw
them into the great mass of honest workmen in England,
to compete with them. Altogether about 400 young
men had left, and, from the communications received
from the colonies, he had no doubt of the correctness of
the statistics of reformed young criminals. In conclu-
sion, he reminded them that they could all do mnoh in
preventing crime, and he exhorted them to use all their
endeavours in their own sphere to assist in this good
work. (During the delivery of the address the rev, gen-
tleman was frequently cheered, and on its conclusion a
vote of thanks was cordially given to him.)

Sporting Intelligence.

BETTING AT MANCHESTER, TUESDAY.

For the Derby, 550 to 25 was laid agst M.D., 500 to
20 ag=t Lady Hawthorn, 1,000 to 15 agst Beeswax colt,
and 20A to 6 agst Ackworth ; 325 to 25 was offered agst
Blink Bonny. The only beta made upon the Chester
Cup were 500 to 10 agst Tasmania, and 500 to 6 agst
Riseber.

CHESTER Cur.
50 to 1 agst Tasmania (taken)

DERBY.
13 to 1 agst Blink Bonny (offered)
100 to 7 agst Loyola (offered)
100 to 6 agst Tournament (offered)
22 to 1 agst M.D. (taken)
25 to 1 agst Lady Hawthorne (taken)
33 to 1 agst Ackworth (taken and offered)
66 to 1 'agst Beeswax colt (taken)

SUSPENSION OF THE KIDDERMINSTER OLD
BANK.

(From the Birmingham Journal.)
The operations of another private bank in this dis-
trict have been brought suddenly and unexpectedly to a
close. Last Saturday morning the old bank at Kidder.
minster, carried on in the name of Farley, Turner, and
Co., was not opened for business as usual, but an intima-
tion was posted outside to the effect that in consequence
of the death of Mr. Turner there was no one invested
with authority to carry on the bank. Up to Tuesday
afternoon business had not been resumed, although the
door:, of the establishment have been kept open for the
purpose of answering inquiries ; in the meantime suffi-
cient has transpired relative to the state in which Mr.
Turner's affairs are left to preclude all possibility of the
bank being again opened for business.
The bank of Farley, Turner, and Co. was established,
we believe, between 50 and 60 years ago. Amongst the
original members of the firm was one or more of the
family of Farley, of the banking-house at Worcester. A
few years ago that connection was broken by the retire-
ment of Mr. Farley from the firm at Kidderminster, and
about the same time a gentleman named Jones, who bad
been for many years a clerk in the house, was taken in
as a partner. At the time this arrangement was made it
was understood that Mr. Jones did not take any money
into the concern. He did not survive the date of his part-
nership more than 3 years. By his death Mr. A. Turner
became the sole member of the firm, and his death at
Cheltenham, last Thursday, has broughtabout a stoppage
prematurely, but which was inevitable on no very distant
day. _

WALTHAM ABBEY STEEPLECHASES.

WEDNESDAY.

The Selling Hurdle Race of 5 sovs each, with 25 added,
for 3-yr-olds and upwards. Optional selling weights,
&c. 8 subs.

Mr. Drake's Affghan, 4 yrs ( 30/.), 9st tilb (Kendall) 1
Mr. lineeshain's Hernandez, aged (301.) lOst 71b
(W. White) 2
Mr. Mellish's Dashaway ( late F1o), 3 yrs (301.) Bst 811)
(Escott) 3

Betting-6 to 4on Affghan.
Won by two lengths; about four lengths between the
second and third.

The Handicap Hurdle Race of 5 soya each, with 25
added.

Mr. Price's Flageolet, by Hautboy, 4 yrs, 9st (Kendall) 1
Mr. Sydney's Victory, aged, lOst (M'Clean) 2
Mr. Byrne's Cripple, 3 yrs, Bst 41b (Palmer) 3
lolaus, Hymaly (late Preston Strike), and The Cale-
donian also ran.

Betting—Even on Flageolet, 3 to 1 agst The Caled°.
nian, 7 to 2 aget Victory.
A. good race in, won by a " short head ;" about four
lengths separated the second from the third. The other
three finished widely apart.

The Hunt Cup Steeplechase, value 50 sovs, by subscrip-
tions of 5 soya each, the rest in specie ; for 4-yr-olds
and upwards ; two miles. 9 subs.
Captain Durant'• Marmaduke, 5 yrs, list 21b
(Mr. Crymes) 1
Mr. Deacon's Lilford, aged, list 71b ..(Mr. Edwards) 2
Mr. T. Besley's Petropolouslii (late Punchbox), 5 yrs,
list 71b (Bosley) 3
Saudboy and Sir Charles Napier also ran.
Batting—Even on Marmaduke, 5 to 2 agst Sir Charles
Napier, and 5 to 1 agst Sandboy.
Won in a canter ; very bad third. Sir Charles Napier
and Sandboy fell nearly at the finish, but were re-
mounted and trotted in. On returning to scale the
rider of Liiford objected to Marmaduke, on the ground
that he had not gone far enough by nearly half a mile.
The rider of Marmaduke, however, contended that he
only had been the right course, and that the others had
gone farther than necessary, having mistaken the turning
flags which were fixed for the Four Mile Handicap
Steeplechase. The race remains in dispute.

It has transpired that Mr. Turner has died intestate; of
the tact that he was insolvent to a considerable amount,
there is, we fear, no doubt whatever. The bank had the
privilege of issuing notes to the amount of 14,3001., but it is
supposed that the number actually in circulation will not
amount to more than 8,0001.; the liabilities are estimated
at a sum not exceeding 70,0001. As to the value of the
assets, or their nature, nothing is known ; but for some
time prior to the stoppage, a disposition has been evinced
on the part of the management to restrict operations
as much as possible, the consequence in all probability
of the limited means at command. The London agents
of the house, Messrs. Robarts and Co., were, it is under-
stood,l
faocrt some Mr.
crinet
Turneesprwepaanrtedoffomr
ewanhsathhadas
boeeencunrroedse;

time prior to his demise, so that the town agents would.
be sure to provide against any accident. Indeed, it is
not improbable that they had a balance ; for, if we are
correctly informed, Farley and Turner's notes were
cashed in London on Saturday morning.
In Kidderminster the loss and inconvenience conse-
quent on the stoppage will be very severely felt. As
the news spread early and rapidly on Saturday morning
that the Old Bank had stopped, hundreds hastened to
see the notice posted on the establishment, before they
could credit that which they were reluctant to believe.
Saturday is pay-day at Kidderminster, and many per-
sons were dependent on a supply from the bank for
their workmen's wages ; they had seen the house open
as usual on the Friday afternoon, paying and receiving
in the ordinary way, and Saturday morning found
the doors virtually closed; As usual, in a score such
cases that might be mentioned, there was no suspicion
of the Old Bank ; and at this establishment the funds of
most of the public institutions of the town (including the
Corporation) were deposited. Instances of peculiar and
individual hardship have reached us as the oensequence
of this stoppage; of funds paid into the bank on Friday
for the advice of acceptances, which, of course, remain
has
unadvised ; and in many ways has been a severe blow,
as may be expected, in such a manufacturing nonanau.
nity as Kidderminster. The Stourbridge and Xidder-
lniboetriacleitythaast
circumstancesth
presumed
minster is now the only banking establishment in the
behaved
admit of to parties most seriously affected by this unfor•
tunate occurrence.
edWweitharaesgmlaudetho
The stoppage of a bank under the circumstances above
wdeitnadiilnedg_uips awviel very y
trare,
pilfaicte isunnodteraltthoeg
tional occurrence. It may be an excep-
tional
Turner was
a magistrateedtileeretthitoehanctoouf county
of Worcester, and in other respects ofCoTuhrtel a
late
3 i r. Chancery.
he occupied socially
a high pesition in his neighbourhood.
...,_—__--...„---....._
N P - management
'would

Selling Steeplechase, of 5 sous each, with 25 added, for
three-sr-olds and upwards ; optional selling weights,
&c.; two miles and a-half. 6 subs.

Mr. Griffith's Moonraker, aged (25/.), lOst 71b
(Donaldson) 1
Mr. B. Land's Penelope, 5 yrs (251.), lOst 71b
(B. Land, jun.) 0
Mr. Kneesham's Hernandez, aged (251.), lOst 71b
(W. White). 0
_ _ _

Betting-6 to 4on Moonraker.
Penelope refused soon after starting, and was pulled
up ; Hernandez fell at the ditch leap into the lane, and
Moonraker cantered in alone.

The winner was " knocked down" for 160 guineas.
Handicap Steeplechase of 10 sovs each, 5 ft, and 2 only
if declared, &c., with 100 added ; four miles. 28
subs, 16 of whom declared.
Mr. C. Brown's Janus, aged, lOst 91b (Green) 1
Mr. Frampton's British Yeoman, aged lOst
(Mr. Bonham) 2
Mr. N. Mason's Honeycomb, aged, 9st 71b
(Mr. Edwards) 3
The following also ran :—Tom Gurney, Theodine,
Rebecca, and Tortoise.
Betting-6 to 4 agst Tom Gurney, 3 to 1 agst Janus,
4 to 1 agst British Yeoman.
Won by six lengths ; same distance between the se-
cond and third. Tortoise slipped up and fell at the
first obstacle, and was so severely injured that he was
eventually destroyed. Theodine refused soon after
starting, and was turned back. Rebecca was pulled
up after repeated refusals at the far side, and Tom
Gurney, who was lying close up with Janus, slipped
at the taking off side of the bank at the leap into the
winning field and fell. Both horse and jockey were
unhurt.
On returning to scale an objection was made to
Janus by the rider of British Yeoman, on the ground
that he had not kept on the right track towards the
end of the race. This event likewise remains in abey-
ance.
Much disapprobation was expressed at the very un-
satisfactory and incomplete manner in which the line of
country was indicated, which in two instances gave rise
to objections and wrangling.
The Abbey Stakes (free handicap) of 5 sovs each, with
20 added ; the second to save his stake. One mile.

.oiEw - osTAL ARRA.NGEuE
Ts have great
N--..,..._we
satisfaction in announcing that, by a new postal con-
vention with France, the
revisions of which will
come into operation from the Ist of Jan. next, a re-
duction has been effected in the amount of the tran-
sit rate paid to France for the conveyance of that
portion of the Indian mail which is forwarded via
Marseilles. In consequence of this arrangement a re-
di‘uicarsedeicilheasrge will in future be levied upon all letters
exchanged between the united kingdom and India tics
oz. and not
der :-9d., if not gexceeding i oz. ; ls., if exceeding. 4,
oz. and not exceeding A oz. ; 18. ed., if edxFeedingor!
meaxliceinedintghe.7 total r2ast.e, f.ioirexxacceleeeettdienrnggas un.
i 1 oz. and not exceeding 1 oz. ; 3s. 3d., if
d., ife exceeding 11
and not exceeding 1i oz. .
lezt.terasndconnyeety6 The charges upon
convention,
between France and India,
that upon all such letters the
and it has been agreed
shall be collected in France
conveyed
gy
entire British sea postage shall via Egypt, are also reduced under the
I'4 e3s
1 the
the Red Sea rate of s. half-ounce,
arrangement
have hitherto been subjected in
to which such letters
on behalf of the English Post-office . Under this
India, will no longer be chargeable, and no charge
will hereafter be levied by the
for sea conveyance
papers to France, or on the delivery of
and printed
Indian Post-office, either on the despatch of letters
l
printed papers from France.—A//en's
Indiantters Mail,and,
17.
GENERAL
WALKER AND SLAVERY.—A controversy
has arisen in England, says the New York Journal of
eonimerce,
in respect to the effect of Walker's Decree of
e Oct.
Sept.
6, repealing all acts and decrees of the Federal
Constituent Assembly of 17th April, 1824, which had
been declared to remain in force by the Constituent
Assembly of Nicaragua on the dissolution of the Central
American Confederacy. In a copy of the London Times
received by the Persia, we notice a letter from E. G.
Squier, then in London, denying that the effect of the
repealing decree is to legalise slavery in Nicaragua. This
effect, Mr. Squier says, is imputed to it "on the
strength of some partisan statements in the late Ameri•
can newspapers." We can only
say that if the repeal
fails to accomplish that object, it falls short of the effect
attributed to it by its author, or rather by his newspaper
organ. Appended to the official publication of the decree
in Gen. Walker's own organ of communication with the
public, El Nicaraguensc of Oct. 4, is the following ex.
planation of its purport :—" Amongst the decrees which
the foregoing repeals, is an act of the Federal Consti-
tuent Assembly of 17th April, 1824, abolishing slavery
in Central America. The repeal of the repealing statute
revives the original law, and therefore the right to hold
slaves is acknowledg
acknowledgment by
owledgment of the right to
the government of Nicara.
gun. Of course the
hold slaves imposes the obligation to secure owners in
the enjoyment of their property.'!

10 subs.
Mr. Drake's Affghan, 4 yrs, lOst (Kendall) 1
Mr. Nesbitt's St. Julian, 4 yrs, tst (carried 9st 131 b
(Mr. Thomas) 2
Mr. W. Robinson's Shiner, 2 yrs, 7st 7.1) (carried 7st
91b) (Quinton) 3
Mr. Price's Flageolet, 4 yrs, gat 121 b
Betting-3 and 4tol on Affghan, who had it all his
own way, and won by two lengths ; same distance be-
tween second and third and fourth.

A letter from Turin says :—" The Sardinian Govern-
ment, it is said, has determined to undertake, at its own
cost, the difficult task of cutting through Mont Cenis, in
order to unite the Victor Emmanuel Railway with the
French lines."

THE IRISH LINEN TRADE.—The improvement noted
in our last commercial report continues to maintain its
progress. White goods are made in large quantities, and
the sale of brown finished linens are quite up to sup-
plies. There has been a full amount of orders to hand
from the United States per last steamer. Handker-
chiefs are now inquired after, and the market is bare of
medium shirtings. Fine linens have bean taken at
prices up to the highest of last month. Bleachers anti
cipate higher markets for goods, but find it no easy mat-
ter to raise the value of the finished article. If the present
condition of demand for goods be kept up rates must
advance, as in most cases bleachers could not replaceru of
stocks at the figures now current for the average_h _
u
the
goods. Brown markets were better attended this week.
several seats
A large quantity of goods appeared at
of sale. Armagh was
pretty lae, and the extent of
transactions much above that of any market in the last
month. Next day,rsday'a at Tandragee, the sale of fine goods
was active and Thu
out at Lurgan was fair
for the season. Damask
goodsoff. No change in the
Birds-
eye and other diapers freely taken
al not accumulated so largely as
yarn trade. Stocks havheo ug
hproduction at all the mills
was very dull during
was anticipated, and
September,
turnnubrisk demand. -
the amount of warp
yarns on hand is rather under ordinary figures. Flax
markets were pretty well attended through the week.
Rates for fine and
hold a fair course.
Flux the turn easier to p
medium fibre
uruhaies_lionner
of
Ideci..