The Sun.
London, England, 1867-11-12 00:00:00

AMERICA.

The New York Herald moralises on some recent illustra.
tions of negro barbarism. During the late terrible storm
upon the coast of Texas the little island of Brazos, off the
mouth of the Rio Grande del Norte, was almost submerged.
Several families were placed in a most critical condition
during the hurricane, and were forced to ask help of the
negroes, but this was refused; and, instead of renderingaid
to the suffering inhabitants, they commenced a barbarous
plundering of goods and merchandise. One negro
was shot while engaged in the robbery. How
fearful an element the negroes may become in tin.
principled hands is illustrated by the way they have been
swayed in the late elections at Richmond. To•day, says
the Herald, we have a negro guard stationed in front of
the house of one of the Radical negro drivers at Rich
mond ; citizens are forbidden to pass the sidewalk ; and
the negro vigilance committee have ordered several citizens
to leave the place.
The New York Times says the whites in the South are
mainly responsible for the war of races. They have
done nothing to inspire confidence in their friendliness to
the negro. They accuse him of being barbarous, after
having kept him in ignorance. Their bearing during the
elections in Virginia was that of a superior race entitled
to rule by virtue of colour. White employers have dis-
missed hundreds of black workmen for voting against
them. The Virginian press are recommending a system
of coercion to drive the blacks out of the State.

The Democratic party in America are seriously imperil,
ling the national credit. The New York, Times says the D ern o-
cratic success in Ohio was largely owing to the agitation on
the currency question. There is a growing feeling in the
Western States in favour of substituting greenbacks for
bank-notes. The more enlightened members of the party
understand how dangerous this policy is. Governor Sey-
mour endeavoured to counteract the inflationists and repu-
diators in the Albany Convention ; but even there the
passages that fell most fiat were those in support of the
public credit.
The process of contracting the greenback currency is
61,,11 going on. Since the beginning of this year, Sir.
M'Culloch has withdrawn sixty-five million dollars from
the circulation. Sanguine persons suppose that the
Secretary to. the Treasury will be able to announce the
resumption of specie payments by next August.
A serious difficulty, not wholly unforeseen, embarrasses
the movement for female suffrage in Kansas. The women
themselves cannot be induced to take any interest in it.
They dettare that they don't want to vote. The active
politicians who are agitating for this "leap ahead" find
themselves compelled, first of all, to convert the women
to their views. This may somewhat retard the program of
' gikg SIVA) 'ankle, .

.4 MOSES and SON (the Originators of the
• Ready-made Clothing system) beg to remind the
public that in every department of their business a large
and varied STOCK is constantly maintained, and excel-
lence and cheapness are combined in a degree hitherto un-
equalled. The articles comprising thoir Stock are too
multifarious to be enumerated in an advertisement, but a
list of distinct departments is subjoined :
READY-MADE CLOTHING for ADULTS.

READY-MADE CLOTHING for JUVENILES.

READY-MADE CLOTHING for SAILORS and
MECHANICS.

CLOTHING MADE to ORDER.

HOSIERY and DRAPERY.

MANTLES, SHAWLS, and LADIES' UNDER-

CLOTHING-.

HATS and CAPS.

BOOTS and SHOES.

OUTFITS for SEA or SHORE.

List of latices, with rules for self-measurement, and
patterns, forwarded gratis and post free.
Preparations on an unusually large scale have been made
for the Winter Season.
MOSES and SON'S Establishments are
CLOSED every FRIDAY EVENING at Sunset till
SATURDAY EVENING at aunset, when business is resumed
till Eleven o'clock.
Every article is marked the lowest price in plain figures,
from which no abatement can V. 3 made.
Any article not approved of will be exchanged, or the
money will be returned.
The following are the London addresses of E. Moses
and Son :-
151, MINORIES.
155, M INO It I ES.
156, MINORIES.
157, MINOIZIES.
83, A 1,1)i1.1 TE,
Bt, ALDGATE.
85, A LDGAT E.
86, A LDGAT E.
87, ALDGATE.
88, ALDGATE.
89, ALDGATE.
50q, NEW OXFORD-STREET.
507, NEW OXFORD-STREET.
508, NEW OXFORD-STREET.
1, HART-STREET.
2, HART-STREET.
3, HART-STREET.
187, TOTTENHAM-COURT-ROAD.
188, TOTTEN HAM-COURT-ROAD.
283, EUSTON-ROAD.
ALso,
19, BRIDGE-STREET, BRADFORD, YORKS.
20, BRIDGE-STREET, BRADFORD, YORKS.
SPECIAL NOTICE.—In consequence of frequent mis-
reprooentations, E. MOSES and SON find it necessary to
state that they do not employ any travellers or agents,
and that their only Establishments are the above-men-
tioned.

HONDURAS GOVERNMENT RAILWAY
LOAN, £1,000,000, in Bonds to bearer of £lOO,
£5OO, and £l,OOO each, bearing 10 per cent. annual in-
terest, payable half-yearly in sterling, issued at 80 per cent.,
and to be redeemed at par in sterllng within 17 years by
yearly drawings, by means of an accumulative sinking
fund of 3 per cent. per annum. The first drawing to take
place on Dec. 31, 1869.
The payments by subscribers will bo as follows :-
5 per cent. on application £5 0 0
10 „ on allotment
10 „ on Jan. 1, 1868,
less interest £0 9 4} 9 10 7}
15 „ on July 1, 1868,
less interest 1 11 3 13 8 9
20 „ on Jan. 1, 1869,
less interest 2 10 0 17 10 0
20 „ on April 1,1869,
less interest 1 17 6 18 2 6
80 per cent
Interest will be payable on Ist July and Ist January in
each year at the London and County Bank, and, for tLe
first instalment of £l5, will date from Ist October, 1867.
In default of payment of any of the respective instal-
ments, all previous payments will be liable to forfeiture.
The instalments may be anticipated at any time at Bank
of England rate.
The Government of Honduras having agreed to appro-
priate to the subscribers a moiety of the net profits of the
railway during 15 years after the complete repayment of
the present Loan, subscribers will receive, as bonus, with-
in one month after allotment, with each £lOO bond, one
10,000 th deferred fully-paid up railway share to bearer,
entitling the holder thereof to receive his proportion of
such net profits.
PROSPECT US.

The President of the Republic of Honduras, being duly
authorised, has given full powers to Mons. Victor Herran,
Minister at Paris, and Senor Don Carlos Gutierrez, Hon-
duras Minister in London, to contract on account of the
Government a Loan, to be applied towards the construc-
tion of an Interoceanic Railway from Puerto Caballos, on
the Atlantic, to the Bay of Fonseca, on the Pacific.
To show the importance attached by the British Go-
veanment to the Honduras Interoceanic Railway, it may
be stated that the line has been surveyed on the part of her
Majesty's Government by Lieutenant-Colonel Stanton,
R.E., and a detachment of Royal Engineers sent out for
the purpose. Colonel Stanton reports " That the harbours
at both termini are unexceptionable, and that the read can
be constructed " without any sharper curves or heavier
gradients than are to be found on existing lines over which
locomotives work without difficulty."
Tho new Treaty between Honduras and Great Britain
declares that—

" In order to secure the construction and permanence of
the route or road heroin contemplated, and also to secure
for the benefit of mankind the uninterrupted advantages
of such communication from sea to sea, her Britannic
Majesty recognises the rights of sovereignty and property
of Honduras in and over the line of the said road, and for

he same reason guarantees-, positively and effia'ciously,

the. entire neutrality of the same. And when the proposed
road shall have been completed, her Britannia Majesty
equally engages, in conjunction with the Republic of Hon-
duras, to protect the same from interruption, seizure, or
unjust confiscation, from whatsoever quarter the attempt
may proceed."
Treaties signed by the Honduras Government with
France and the United States contain the same provisions,
and the French Government, considering the public utility
of the Honduras Railway, has promised the official quota-
tion of the Honduras Loan on the Paris Bourse.

The following official report by Rear-Admiral Davis,
made to the Secretary of the Navy of the United States
Government, in compliance with a resolution of the
American Congress on the 19th of March, 1866, demon-
trates likewise the importance which the United States
Government attaches to the construction of the Honduras

line :
" The reader who follows the course of the surveyors,
naturalists, and geologists from the capacious, safe, and ex-
cellent harbour of Puerto Caballos, through regions re-
markable for their salubrity, fertility, great variety of cli-
mate and productions, and valuable mineral resources, to
the waters cf the splendid harbour of La Union (Bay of
Fonseca), cannot but regret that capitalists have not found
it to their interest to carry out one of the most promising
and one of the least embarrassing enterprises of the
day."
The line of railway has been carefully selected and sur-
veyed by Mr. Trantwine (late engineer-in-chief of the
Panama Railway) and an efficient staff, and a contract has
been entered into for the construction of the whole line
with stations and rolling stock, for a stipulated sum of
about .£B,OOO a mile, including every outlay, and the works
are to be proceeded with in sections.
From time to time, as the instalments of the present
Loan are received, the proportion to be applied to the
construction of the first section of the railway will be
handed to and held by trustees in trust, to pay the con-
tractor the instalments on his contract, as certified by the
Government Engineer. The balance of the Loan will be
applied in clearing the forests, and in payment of engineer-
ing and other incidental expenses.
The interest and sinking fund of the Loan are specially
guaranteed by a first charge upon the intended railway
itself and its revenue, and also by a first mortgage upon
the whole of the domains and mahogany forests of the State
of Honduras, which, according to official report, are of im-
mense value. _

It is arranged that the whole of the produce of the above
mortgaged State domains and forests shall be consigned
direct to London by the Honduras Government to Messrs.
Bischoffsheim and Goldschtuidt, who will pay over the peo-
ceeds of the sales towards the annual interest and sinking
fund, and the construction of the remaining sections of the
railway.
It has been further arranged in the contract that, as soon
as any portion of the railway is completed, the contractor
shall bring down to the terminus, free of charge, by the
return empty waggons, any produce of the Government
forests and domains that may be ready for shipment to Eng-
land.

Beginning at the harbour of Puerto Caballog, on the
Atlantic, the railway will proceed over the table land of
Honduras—in a line of 230 miles to the Bay of Fonseca, on
the Pacific.

The ports at either end are spacious, safe, and easily
accessible for the largest ships.
The steaming distances from Liverpool to San Fran-
cisco, touching at Jamaica, are—by way of Panama, 7,980
miles ; Nicaragua, 7,720 miles; Tehuantepec, 7,740 miles ;
Honduras, 7,320 miles.
The distance between New York and San Francisco, by
Panama, is 5,224 miles; by Nicaragua, 4,700 miles; by
Tehuantepec, 4,200 miles; by Honduras, 4,121 miles— a
saving, by way of Honduras, as compared with Panama,
the only line on which a railway is already constructed, of

1,103 miles.
The difference in actual distance, coupled with the su-
periority of ports, the facilities of embarkation and disem-
barkation, and the connection with the American coast
lines, will effect a saving in time, as compared with the
Panama route, of not less than five days between the
Atlantic and Pacific ports of the United States.
The line will afford the easiest, safest, and speediest
route between Great Britain and British Columbia ; it will
also offer the increased facilities of first-class ports for the
establishment of speedy intercourse with Australia and
New Zealand, and will bring Jamaica, Belize, and other
British rossossions in the West Indies into the direct line
of communication.

Last year the dividend paid by the Panama Company
was at the rate of 24 per cent. per annum on a capital of
£1,600,000, in addition to a bonus of 40 per cent. from
accumulated profits. The Honduras line will in all pro-
bability return as much profit as the Panama line, if not
considerably more.
Sufficient of the proceeds of the present issue will be
applied to the construction of the first section, from Puerto
Caballos to Santiago. This section will enable the ex-
portation of the mahogany, &c., to take place ; the means
of transport now existing being too expensive to be re-
munerative. Careful estimates have satisfied the Honduras
Government that the surplus revenue of the State domains
and forests will b•a amply sufficient to complete the whole
line, without any further issue of stock, but in case it should
be found advantageous, on account of increasing traffic, to
accelerate the opening of the railway from sea to sea by
raising more money, further stock will be issued for the
construction of the remaining sections of the railway.
The several contracts and other documents can be in-
inspected at the oili,7e of Messrs. Baxter, Rose, Norton, and
Co., solicitors, No. 6, Victoria-street, Westminster.
Applications for the Loan will be received hem Mon-
day, 11th November, to Frid•iy, the 15th November, by
the London and County Bank, 21, Lombard-street, and
°ranches, where prospectuses and forms of application can
be obtained ; and in Paris by Messrs. Bischoffsheim, Gold-
schmidt, and Co., 26, Rue de la Chauss6e d'Antin. Pay-
ments on application for the Loan can also be made at the
Bank of France and branches.

lIONDURAS GOVERNMENT RAILWAY LOAN FOR
£1,000,000.
FORM OF APPLICATION.
(To be retained by the Bankers).
To the Directors of the London and County Bank.
Gentlemen,—Having paid to the London and County
Bank the sum of £ , I hereby request that you
will allot to me £ net in Bonds of the above Loan,
and I hereby agree to accept the same, or any smaller
amount that may be allotted to me, and to pay the further
sum of £lO per cent. on the same when allutted.—l am,
gentlemen, your obedient servant,

signature

Address iu full

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