The Sun.
London, England, 1860-10-27 00:00:00

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pitICE

STAMPED, sr.

Naples ga-Siinday, the day after to morrow. You
will remember that he was to have done so on Tues-
_clef-the 2d of October ; but as he did not, we will
hope that he will not do so either on the day now
singled out for the event.
A question which is now the standing topic of
conversation amoung men and officers of Garibaldi's
force is, " What is to become of this army when
the Piedmontese come and take possession of the
country ?" In spite of all pedantry and prejudice,
it cannot be the intention of the Piedmontese War
Department to see this volunteer force dispersed,
which, among some rubbish, contains splendid ele-
ments. Precedents are not very reassuring, and
whoever remembers what was done last year with
the Cacciatori delle Alpi in Lombardy, and later in
Central Italy, cannot have much trust in the Pied-
montese authorities knowing how to avail them-
selves of this volunteer element. The element is so
different frora that supplied by the conscription for
which the military system of Piedmont is calcu-
lated, that a regular fusion becomes difficult, if not
impossible. Last year, when La Marmora reigned
in the 'War-office, the Government went so far as to
refuse not only to retain most of the officers, but
even to recognise in those who resigned the right
of holding their honorary rank gained on the bat-
tlefield.

I don't think pedantry will ge so far this year,
for the blindest must see what advantages might be
derived from this volunteer element, and even the
most obdurate official red-tapeism cannot vary well
refuse to recognise the nominations of Garibaldi in
exchange for the Kingdtrm-ef the Two Sicilies.--But,
nevertheless, if Garibaldi should retire, little or no-
thing will remain of this force. The affairs of Italy
are not quite so settled that she can afford to lose
this potent auxiliary; hence, I should not be sur-
prised if efforts were made to keep Garibaldi.
Indeed, I have good reasons to believe that such
efforts will be made. If they are successful, which
I rather doubt, then there is a good chance of Gari-
baldi having by next spring an army of 50,000
volunteers.

As for the questions which Austria or any other
Power might raise, it would be strange if Italy
alone were prevented from employing a means of
increasing her army which every other State more
or less adopted, and if she alone, of all States, were
restricted to the resource of conscription.

OCTOBER. 20.
All is bright and fair, and still and quiet. It
seems the King of Gaeta and Capua has deferred
his intentions as to Naples.
Yesterday afternoon the Piedmontese General
Mignone went to Maddaloni to confer with Medici,
who has pushed on to the little river Isebero, a
feeder of the Calore. Sonnaz, with his brigade, can
come down by Ariano and Avellino to join in our
rear, or he can go to Benevento and thence either
by the Valle Caudina to Maddaloni, or by the valley
of St. Agata de Goti (supposed by many to be the
true site of the defeat of the Romans) to join Medici
on the right, or else he may come down by Voltu-
rara and Campobasso to the Calore. The position
which we hold now enables us to unite with him
speedily, from whatever side he comes.
The Aosta. Brigade is expected to arrive at Naples,
so that three brigades will operate on this side
against the Neapolitan position. According to the
last accounts from the north, the column of General
della Bona, which entered the Neapolitan territory
by Rieti and Aquila, had united on the 18th with
the main body under the command of the King at
Popoli.
It is difficult to conjecture what will be the tactics
of the Neapolitans to face the storm which is ap-
proaching from all sides—whether they will try
and oppose the advance of the main column in one
of the many favourable positions which are on the
road, or whether, leaving Capua as an advanced
work, they will defend the approaches of the Garig-
liano and of Gaeta, on which, we are told, they have
expended a great deal of labour. You probably
know that the Powers will not recognise the
blockade of Gaeta. This, and the occupation of the
direct roads by Terracina and Frosinone by the
French, are rather advantages than disadvantages,
for they leave an issue to those at Gaeta.

Against which are hypothecated the follow
ing securities, viz.:—
.£275,600 2d Preference Bonds
326,000 Ordinary Bonds
47,200 Toronto Corporation Bonds „,
32,500 Atlantic & St. Lawrence Shares 443,043
7,500 Atlantic & St. Lawrence Bonds
per Cent, Bonds
Securities in hand X 32,300 ordinary Six per

-£1,575,189

Cent. Bonds
Ditto 27,600 Seven per Cent. Bonds
Add unpaid and overdue interest on Bonds..

130,500

£1,705,689_

THE ENGLISH VOLUNTEERS• AT CAPUA.
(From the Special Correspondent of the Daily News.)
GARIBALI)I'S HEAD-QUARTERS,
CASERTA, Ocr. 20.

Fighting has been kept up for the last three days
between the outposts of the two armies, but nothing
like a serious struggle has occurred. The day before
yesterday, the Piedmontese Brigade del Re was
attacked in its position of Casa Bianca, at the right
of Sant Angelo, but the enemy was thoroughly
beaten by the brave bersaglieri. Two of these
splendid soldiers have fallen prisoners, and it is
reported they were immediately shot. I have been
assured that the Piedmontese, having pushed a re-
connaissance under the walls of Capua, found one
of the bersaglieri whose eyes had been torn from
their sockets.

Yesterday it was the turn of our Rountrymsn.
The English regiment, commanded by Colonel
Peard, was sent as the outpost towards the right,
and had hardly taken up its position when it was
attacked by a Neapolitan brigade. The fire lasted
five hours, with an interruption of two. The Eng-
lishmen fought bravely to the last ; the first and
third company charged the Neapolitans more than
once, and thoroughly beat them. Colonel Peard
lost six men, and had about twenty men wounded.
Captain Tucker, an artist, who had long resided in
Naples, was killed on the spot at the battery of the
left.

This evening I came here for news, and heard
that the Piedmontese are advancing fast. A divi-
sion under the command of Gen. Do Sonnaz having
landed at Manfredonia on the 14th, is comiag
through Piedimonte towards Maddaloni. Tis
explains why the Neapolitans of Cajazzo have
moved in all haste to Sant Agata de Goti to oppose
the advancing march of their enemies. The King
will by this time have reached Popoli, where the
concentration of the army will be effected. To meet
Victor Emmanuel General Scotti d'Arragona has
been sent:to Isernia to strenthen the small army of
the Abruzzi, which General Klepi de la Grange
commands. The whole of this force is not much
below 14,000 men, and may beside reckon upon the
armed bands of the Sanfedisti peasants, who are
the worthy descendants of Cardinal Ruffo—cruel
ruffians.

If the Neapolitans get beaten in the Abruzzi
they must fall on the Garrigliano, in whose plains a
pitched battle will, perhaps, be fought by concen-
trating the whole of the force Francis 11. can dis-
pose of, about 50,000 men. But such being the case,
Garibaldi will in his turn attack Capua in the
front, cross the Volturno, cut off the communica-
tions of the Neapolitans, and by turning their
positions threaten•their rear.
Yesterday morning I had the pleasure of present-
ingt two of our countrymen, Mr. Allen A.Bathrfe,
M.P., and Captain Keith Fraser,
of
tahteGuards, to General Garibaldi.
break-
fast when Captain de Rohan
arrived
London, presented him with a beautifulliterary
gentlemen.
sent to the general by some
.rait, telescope
a from
and said to
Garibaldi was delighted to e
rfr?oenil your great and
us, " All what is sent to
inestimable value value . I shall
liberal country has an
to thank them." 'He then
write to these gentlemen
something about the authors
whose me to tell him
whose names were engraved on the telescope. I
ld and
satisfied him as well as I cou ~ he was pleased.
, We
just s 5 r er were

ixoio,
theda dated Santa ainuta 1.1, • ,
near
The Paris' Tresse contains a letter from the head-
., Yesterday the Piedmontese were attackedartiao.
which we
read :
day it was the turn of the English. Attacked
only by
Generalth the eveningß f
two battalions from Capua, they not defended
themselves with bravery but thrashed the Royalists
in such a manner that they will
steel of the Enfield bayonets. The English regi-
ment had eight men killed
q u ar t ecraspu oaf,
and thirty wounded.
This is not very much, but
first time they have considering this is the
certainly paid their t • been under fire, they have
tribute."

A recent number of the Sydney 'Amid contained
a computation that the produce of wool from the flock of
alpacas introduced into Australia by Mr. Ledger, will, in
60 years, at the ordinary rate of increase of these animals,
attain a value equal to £6,832,000 per annum. It will
hardly be credited, however, that the advices by the same
mail state that the result to Mr. Ledger of the long and
,arduous efforts which ended in the successful importation
of the first flock from Peru, has been personally ruinous.
II safely landed them in 1858, after having devoted eight
years to the task of collecting them and ptudying their
habits and management. They are now "in magnificent
order and thriving wonderfully." But the fleece is not cut
till it has attained a three years' growth, and the expenses
attending the enterprise are stated to have entirely ex-
hausted his moderate resources. In a letter to one of the
aldermen of London, dated Arthursleigh, Berrima, Now
South Wales, 20th June last, he says--" If pecuniary
I a
ad-
vantages have not attended my untiring efforts to introduce
that valuable animal the alpaca into these colonies,d andvu
achieved a name that posterity will honour.
after eight years of absence from my family,
01 together to
must
my children penniless." It is a question for our wealthy
return to
manufacturers whether they should pennit consumma-
tion to be recorded in histo, or tag() CQUn"
afford Mr. Ledger time relief.ry

.NEw-qpAp
ER
------..:-
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4!1
_UMW AY INTELLIGEN ,g.... 1
GRAND TRUNK TRUNK OF CANADA. - -
. T r-;"
The anxiously-expected report of the Leaven -Li
directors of the Grank Trunk Railway of Canada was
issued yesterday evening. We give it below in cx-
tenso. It shows that an investigation into the gene-
ral position of the undertaking is to be immediately
instituted by the Government, in conjunction with
the company. The Government of Canada will
then be required to decide upon the nature and
extent of the assistance to be granted. This is a
responsibility which it cannot possibly evade.

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REPORT OF TIIE LONDON DIRECTORS.
The London directors having recently received from
Canada the accounts of the company, made up to the 30th
June, avail themselves of. the opportunity afforded by their
distribution amongst the shareholders to make known to
them, and also to the bondholders, the exert state of the
company's finances, which prove the distressing fact of the
impossibility of paying the interest on the second prefe-
rence bonds due en the Ist of October, the steps which have
bee!a already taken since the last communication, and those
which
the London directors recommend should be pursued
with the object of relieving the company from its present
embarrassments. It has been already mentioned in the
circular of 13th of July, that although authority had been
given to raise £1,500,000 on bonds or stock of the company,
to pay off liabilities, and to increase the rolling stock, and
to meet the current wants of the year, the directors were
unable to obtain it on any terms. A memorial was accord-
ingly drawn up and presented by the directors in Canada to
the executive government, pointing out the existing con-
dition of the undertaking, and praying for relief. The Lon-
don directors had fully expected to have received before now
an answer to this application ; but the visit of his Royal
Highness the Prince of Wales had so entirely absorbed the
time of the various members of the Government that they
were unable to take the subject into their serious considera-
tion, and they have now only authorised your directors to
announce that the subject of the Grand Trunk Railway will
be brought under, the notice of Parliament, and that the
Government are about to issue a commission to inquire into
its affairs. Your directors are most anxious—and they are
authorised to add the manager in Canada concurs in the
wish, that a thoroughly searching investigation should take
place ; but they think it would be more satisfactory to the
r dd
ts
oh at rheehmo lsde
levr se
sa,and
abto
some
oel do
one
res
ro ftNevvoergyendtlenemoemnmawetlliovn;
rs
"rottin railwayemcaonnafigdeemneene",
sihnottiwhdopmrotcheeedEtno gcliashuarsacnrilb is
e_
conjunction with the proposed Government commission,
and for the purpose of co-operating with it in its important
investigation, report to them the result of their observations.
The London directors have at present no individual in view
for this mission, and are prepared to consider favourably any
recommendation of one or more persons ; but in the absence
of snch nomination they will themselves select such a person,
as they believe that they should thus act in accordance with
the general wish of the shareholders and bondholders, and
consistently with the desire of the Government of Canada.
The London directors feel that there may be many points
touching upon agreements with other companies, and upon
the postal subsidy—which, in their opinion, is far too low
in remuneration for the services performed—and other
matters which require revision ; but at the present moment
all the company's operations are paralysed by their finan-
cial difficulties and the want of sufficient rolling stock to
carry on and develop the existing traffic ; and they look
with confidence to the results of the inquiry to be instituted
to relieve them, by the future action and liberal policy of
the Government and Legislature by some practical remedy
from the existing embarrassment of the company.
The following is an estimate of the company's liabilities
in England :
To loans and bills payable in England
Bills drawn by the company from Canada. 235,564

£2,018,23Z

The London directors have at present no exact return of
any further floating indebtedness which may exist in Canada,
for additional rolling stock provided since March, and other
expenditure, but have desired such a report to be made.
Since the estimate of the wants of the company in
March last its pecuniary position has been dete-
riorated by the payment of interest on bonds and
10an5..... ... £161,000
Difference in value of assets from fall in prices 250,000

£411,000
Whilst on the land to be resold,'and valued at £120,000,
only a small portion, 'realising £5,000, has been sold; which
will explain the increase in the net requirements of the:
company at the present time, as compared with the state-
ment issued in March last.

In the present embarrassed state of the company's affairs,
and the uncertainty of relief from the Government adequate
to meet its liabilities, Messrs. Baring Brothers and Co.,
and Messrs. Glyn, Mills, and Co. have obtained a judgment
against the company for debts due to them and others
whom they represent, which vests in their agents the power
of seizure of the rolling stock of this road ; but this mea-
sure has been adopted for the general benefit of all present
creditors to guard against hostile prosecuticit of individual
claims, and for the protection of the company's interests
It had been the intention of the London directors to
have convened a meeting of the shareholders in the early
part of this autumn; but the late receipt of the accounts
of the last half-year, and the delay in obtaining any an-
swer from the provincial Government to the representa-
tions made by the Canadian direction, have involved the
necessity of postponing the semi-annual meeting, and the
directors now feel that the presence of the president, the
Hon. John Ross, and the vice-president, Mr. Blackwell,
has become requisite, to afford to the shareholders any in-
formation which may be wanted. These gentlemen are for
the present detained by the performance of their respective.
duties ; but as they have notified to their London col-
leagues that they will be able to 'visit England in the
month of December next, it is proposed to call a genera/
meeting of the shareholders in the middle of that month,
of which timely notice will be given.—By order,
JOHN M. GLINT, Secretary.
Grand Trunk Railway Office,
21, Old Broad-street, 8.C., Oct. 26.
The statement of accounts of the Grand Trunk
Railway Company of Canada will be issued on.
Monday.