The Sun.
London, England, 1858-08-10 00:00:00

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I\.EWSPAPER

PRICE 4D, STAMPED, SD.

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further stipulated that the dividend (interest) and p-incipal
of the wl ole loan should be made payable at their cnuntirg-
house, subject to the respective charges ef 1 per cent. oa tl:e
amounts paid for dividends, and 2 pct. cent. for reimburse-
ments of principal.
Tho other tinders consisted of one Mr. Gabr:elli,
atioihPr from Me•sr;. Pws 1310ther• and Co., in
joyietion v.iib a hank t.f L Gown standing in the colony, and
another fr. in Messrs. Ik. F. 2ichel and Co. These tendrrs
were ell offered on terms more cr less advantageous to the
Gcnernmeul ; but regotiations were finally set at re,t by
the acceptance, en the 3d June, of the c ffer of the banks, on
the conditions given above.

No final arrangement has yet been Dade with reference
to the purchase by Government of the Geelong and Mel-
bourne line, but it is reported that Mr. O'Shanassy has pro•
mired to introduce a bill during the next session of Parlia-
ment authorising the purchase of the line on terms to be
fixed at a future day. From the last half-yearly report of
the directors, the circumstances of the Melbourne and
Hobson's Bay Railway Company appear to be in a most
flourishing condition. A dividend at the rate of 14 per
cent per annum was declared, after paying the interest
on borrowed money, and transferring a large sum to !Le
reserved fund. It was decided by a large majority of the
shareholders, at the meeting called for the consideration
of the report, to have on office in L.ralon, and a
clerk appointed for the reception of instructions for the
transfer of shares, so that auy shareholder may have
his name transferred to the London register, and his divi-
dends made payablei,,there. Some objection was made, on
the score of eFpettai,.to the establishment of this agency in-
the manner proposed, but the advecates for such strict
economy were outvoted, and the office is to be opened for
the convenience of English shareholders. Neither of the
two short lines about to be constructed in the direction of
Brighton has yet been commenced, but we believe that ar-
rangements are nearly concluded with contractors for both.
There has been a greater difficulty than was anticipated in
disposing of shares in these two companies to the extent
required by Government, before giving up possession of the
land granted. This, however, we understand, has now been
done, and contractors have been found who are willing to
risk a portion of their payment on the future success of tl e
liras, so that the works are likely to be commenced without
much farther delay.

CANADA.

„11, 7, .s.
seemingly quite reXtvenrited Fes_ fr , ) .?'; ~; . ,:”.
0
of New CaledoniA :,s milde ,4.%01 . ei;4".: tti;
-: o•el"
said to resemble that or the t u , -411%; -• 'e
are good grounds for hop.ng tha Kga At a-
dian hero may find, In 1-. i new po&tion, new strength'
to enable him to con:plete in a satisnctory manner.
the difficult task of oiganising the new British colony.
The question of a federal union of the British_
North American provinces was again hionglat up its',
Parliament,' this time in the Upper House. The-
President of the Council thought the motion for azz
trldress to the Queen on the suhjezt co not to be.
pressed at presciP. During the present year he ex-
pected all the gnat colonial questions at present
open would he sailed. lie aliuded to the Hudson's
il2iy Territory, the Tutu eolilpial Railway, and the
new COl 011 V 1% Ilieli ‘IIIS ahGut to be created on the
shores a the 1),,e1i,:.

On ,`Taturday last the Govauur-Gea:lralasseWd
to between 5 and Go chiefly of a private na-
ture; but amongst them was the Grand Trunk Bill,
which passed through the Upper House in double
.
quick time. Ns doubt the session will be brought
to an e1,.(1 in a few days, probably during the present
week, and everybody will be rejoiced at its termina—
tion. The final vote on the passage of the Grand
Trunk Bill, in the Lower House, stood 46 to 40.
The double majority system was declared an absur-
dity, and repudiated by a vote of 65 against the 33
for the principle.

TORONTO, JULY 26.

The debate on Mr. Lyon Mlienzie's motion for a
repeal of the union occasioned some capital speaking
from both bides of the house. The Premier, Mr.
Macdonald, the CorntnisAoner of Crown Lands,,
and also some of the Opposition leaders,,
highly distinguished themselves in the debate, but
Mr. D'Arcy M'Gee made the speech of the evening,
and again delighted a most attentive audience by a
brilliant display of oratorical power. The most
striking peculiarity of this gentleman's style, because
not altogether expected from him—at least since his
appearance in our political arena—is not so much the
well turned graceful sentence, the ready wit, the
fund of information, or the copious flow of language
which distinguish the speeches of Mr. M'Gee, as the
tone of moderation and sincerity which pervade them,
and which renders them particularly impressive upon
the audience, who never listen to the orator without.
experiencing pleasure and at the same time carrying
away with them much matter for deep and earnest
reflection. The following peroration of the boo,
gentleman's speech on the above question drew forth
hearty applause :
"The Protestants of Upper Canada were a great people.
Let them speak out openly and boldly. Let Catholics speak
cut with equal holdnesi; let both parties temetuber their
common country, and find such a common mean as would
sati-fy both. Then we should put down that organised
bigo•ry which broke out everywhere when it was least ex-
pected; which from i.s subterranean cisterns drew up the
draughts which made men toad. This country had glorious
resources and a great destiny in store for it. If the Catholic
was not afraid of the Protestant—and he (Mr. M'Gee) was
afraid of no men who openly expressed their opinions—if the
Protestant was not afraid of the Ca'holic—if both were
candid with each other, and showed each other
their wants; then we should have a better and nobler Ca-
nada. Then we sir( uld have none of those village murders,
those church burnings, like that at Mount Forest the other
day; no Corrigan murders', no Farrell murders; but the
two t aces in Canada, l ice the waters of the Ottawa and the
St. Lawrence—one river though two streams, would flow
on in peace until they met those tides of commerce and
pro'perity in which both should pass to the great futute
that this country must attain if not prevented by our
faults, our folly, or our fanaticism."