The Sun.
London, England, 1858-03-11 00:00:00

EIGHT PER CENT. OBLIGATIONS.

Interest payable half-yearly, in London, Paris, Frankfort, and
Hamburg.

THE GALVESTON, HOUSTON, and HEN-
Di RAILW tY COMPANY is now prepared to re-
ceive application-8 for 5,0)0 Obligations of 201. each, redeemable in
nine years, with a Premium of 21 each.
The annual Drawings to commence on Ist March, 1800.
The Obligations are secured on the Revenues of the Railway, and
on the Free Grant of Land, 'which is at the rate of 10,240 acres for
every mile of Railway constructed.
The Interest, at the rate of 8 per cent. per annum, is payable in
London on the Ist January and the lat July on presentation of the
Coupons at the Commercial Bank of London,.Lothbury.
Subscribers for Obligations are entitled to one Free Share for every
Obligation subscribed.

Full partl Mara may bo obtained on application at th a Agency of
the Company, 4, skinner's-place, Size-lane, City, or of Messrs. Price
& Brown, 4, Change,alley, City.

THE CAPE OF GOOD HOPE.

We have received files of papers from the Cape
;o the 29th of January.
Wo take the following from the Cape Town Mail
of the above date :
The Royal mail steamer Norman, Captain Boxer,
leaves Table Bay this afternoon (Jan. 29) for England,
with a full cargo of colonial produce and about 20
passengers.
The Royal mail steamer Phoebe, the fourth vessel
of the new line, arrived here on the 21st inst., several
days within her contract time, with the English mail
of Dee. 15. She will remain here to take home our
February mail.
In our last monthly summary for the English mail,
of the 30th of December, we reported the state of
Caffreland and the Caffres as the principal subject to
which English emigrants turn their attention when
the Cape of Good Hope is spoken of. The geography
of the Cape is not very well understood by the mass of
the people, and it was often useless to state to them
that from the capital the nearest Caffres were about
as distant as Caithness is from London, and that
the colony as a whole was as safe from their assaults
as England is from a possible insurrection in Kirk-
wall. We have now to add that the power of the
Caffres, even in their distant settlements, is finally
to.oken and crushed, their principal tribes dispersed, and
their principal chiefs and all mischief-makers dead er
prisoners. Between 30,000 and 40,000 of these people
have been received into the colony for the sake of
humanity, to save them from perishing, with their wives
and children, by starvation, and have been suoces-fully
distributed as servants and labourers, and promise under
proper management to become a valuable portion of our
rural population, as we have seen accomplished in the
analogues case of the Hottei.tots and Fingoes. Even on
the frontier of Caffreland the colonists feel secure in the
wise precautions of Government, in keeping on hand a
powerful military force and an active mounted
with other arrangements on the part of the colonists for
maintaining order and repressing crime. Two great
obstacles to the improvement of the colony are thus ii
the course of being entirely removed—namely, horilices
fr,m Caffreland and the want of laf,ourers within. This
favourable state of things is not an experiment force i
upon South Africa by theorists, nor has it been stained
by
..injustice or violence. The destruction of the Caffres
as a people was their own act ; by simply acting as
benefactors and guides to a deluded population we have
gained. advantages which arms alone would not have
conquered for many years.
Ln addition to peace, and a supply of common labour,
the Governor has suggested a scheme for accommodating
emigrants of a class somewhat different from servants,
mechanics, tradesmen, dec. He recommends the sale or

lease of portions of estates, which the present proprietors
cannot fully cultivate or occupy in a proper Feast), front
their enormous extent. This will afford an opening to
industrious sober families of small farmers—an inva'u•
able class in all c•)untries, and one to which this colony
presents peculiar advantages.
In addition to the public works, such as buildings and

bridges, which are only waiting for suitable workmen,
it is likely that another class of works, for which a
peculiar class of labourers or workmen well known in
England are required, is about to be commenced and
continued for many years. We mean the deepening of
river channels, the formation of canals for irrigation and
transport, and of tanks and reservoirs, both f local
irrigation and the supply of rising towns and cities with
pure water. All these things, and many more of the
order, are now in prospect, and of certain accomplish-
ment, the rapid growth of the colony, population, and
wealth, rendering them absolutely necessary, and at the
same time furnishing the means of carrying them on.
During the past month few events of any great im
portance have occurred within the Cape colony.. Peace
and general contentment continue to prevail. The grain
harvests, which have just been secured, are unusually
abundant, and the quantity of wine promises to equal,
if not exceed, that of any former year.
Two additional troopships have touched at the Cape
on their way out to the scene of strife. The indomi-
table screw steamer, from London to Madras, 57 days
out, put in to Simon's Bay on the 9th January, having
on board 15 officers and 360 men of the Royal Artillery.
She reported all well, and sailed for her destination on
the 13th. The Leopold screw steatner arrived in Table
Bay on the 25th, with 407 artillery, 196 infantry, and
18 officers, Colonel Montressor in command. She is
expected to sail again in a day or two.
Remount horses for the troops in India continue to be
forwarded by every opportunity. By the Ville de Metz
90 serviceable animals bave just left Algoa Bay, and 100
more are being shipped in the Granville, while 600 more
are ready for shipment.
The reported fall of prices in the English wool-market
has troduced great caution in the buying and selling of
that article here. Very little leas been offered at the
local sales, and even that little has been mostly with-
drawn, the farmers, few of whom are in needy circum-
stances, being strongly inclined to bold their own till
prices improve. In the meantime great efforts are made
to improve their stock, and large sums are given for
rams of the finest breeds, several importations of which
have lately taken place.
Her Majesty's ship Boscawen, flagship, left Simon's
Bay on the 3d of January, on a cruise to St. Helena,
Ascension, and the West Coast; the Admiral, Sir F.
Grey, on board. The Sappho left en the Bth for
Australia. The Hermes left for East London, with the
Governor, on the 19th. On the 27th her Majesty's
steamer Sitnoom arrived from Calcutta, and is now the
only vessel of war in Simon's bay.
The Golden Fleece arrived in Table Bay on Tuesday
afternoon, the 26th met., with news from Calcutta to
the 23d December, and from Ceylon to the Ist January.
She has a valuable cargo fur the English market, con-
sisting of 1,063 cases of indigo ; 2,284 barrels saltpetre ;
149 bales hides ; 252 bags cowries ; 42 oases cowries ;
543 cases lac dye and shellac ' • 52 cases silk ; 245 bales
silk ; 299 bags linseed ; 245 bales tobacco ; 25 ca-es
elephants' teeth; 34 caeesjwine ; 20 bales safflower ; 20
cases cigars, &c. She is to sail on Saturday for London.
A Russian squadron consisting of eight or ten ships
under the command of Commander Kooznetzoff, is daily
expected here, en route to the new colony of the Amour.
Amongst other ships are mentioned the frigate Arkold,
the corvettes Voievoda, Buidreen, and Noveek, and
sloops Djeegheet, Strelock, and Plastoon.
There are no less than thirteen deserters from the
German Military Settlers gazetted to-day.
The Auditor-General (Major Hope), during the past.
month, has published a pamphlet which will be of great
value to the East India Company. The subject of it is
Can the Cape supply horses for the Indian service 1"
The Auditor-General was one of those who, in 1846,
were employed by the Government to procure horses
and mules for the transport of the army in the Kafir war
of that year ; and again in 1851, als undertook the
duty (with Cal. Ingilby, R.A., and the Hon. Mr, Field)
of purchasing horses as remounts for the Cape Corps.
On several other occasions he was also similarly em-
ployed. His opinion will be, therefore, taken as worth
something by the East India Company. He says :
" The great question now is, both for the interests of
this colony and of the Indian Government, can the Cape
supply a sufficient number of horses annually, and will it
he for the interest, of the Indian Government to obtain this
supply 7" He answers, " I venture to say that the Cape can
furnish the horses in an increasing number every year, and
at a diminished. cost; and that it will be the best interest
of India to draw -from the Cape as large a number of horses
as can be annually obtained. . . . The Cape may be re-
garded as the connecting point between England and India,
and the preseist the turning of the tido in the affairs of
India. If in this crisis proper advantages are taken of the
position of the Cape, as a tlepot for troops, as a source from
which to draw horses and other supplies, India may be
vastly benefitted, and may be independent of other and
foreign eastern countries to remount her cavalry and Area.